U.S. in 'Sweet Spot' for Taking Credit Risk, Federated's Gallo Says

The video discusses strategies for managing duration and credit in fixed income investments as we approach 2020. It highlights the success of long-duration assets in 2019 and anticipates a neutral stance moving forward, with potential risks from the US election. The credit market has seen significant gains, particularly in high yield, but caution is advised due to valuation concerns. Overall, the economic outlook remains stable, with no expectation of sharp rate increases.

What factors are influencing the decision to take on duration as we approach 2020?

How has the performance of long duration assets in Munis been characterized in 2019?

What are the potential risks mentioned regarding the US election and its impact on the economy?

What is the current stance on high yield credit as we move into 2020?

How does the speaker view the risk-return profile of high yield bonds as 2019 comes to a close?