Podcast: Warren Pierson Provides Bond Market Update on Barron’s Live
Warren Pierson, CFA, Deputy Chief Investment Officer, recently sat down with the Barron's Live podcast to provide perspective on the bond market including implications of the Fed’s involvement, ongoing effects of the pandemic and possible opportunities for income in a low interest rate environment.
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All investments carry some level of risk, including loss of principal and diversification does not ensure a profit or protect against loss. Fixed income is generally considered to be a more conservative investment than stocks, but bonds and other fixed income investments still carry a variety of risk such as interest rate risk, regulatory risk, credit risk, inflation risk, call risk, default risk, political risk, tax policy risk and liquidity risk. In a rising interest rate environment, the value of fixed-income securities generally decline and conversely, in a falling interest rate environment, the value of fixed income securities generally increase. Municipal securities investments are not appropriate for all investors, especially those taxed at lower rates.