Fixed Income Teach-in: What the debt markets are telling us - Wed 3/7 at 5:00-6:00pm in N170

Have you been wondering why the stock market has suddenly become volatile? Pay attention to the bond market, as that's where the cues are coming from.

The dynamics of the bond market come not only from absolute levels of interest rates, but more fundamentally from perceived actions of global central banks (i.e. monetary policy), fiscal policy leading to threat of inflation, credit risk, and the excessive hunt for yield by investors.

The U.S. Federal Reserve caused massive dislocation in the U.S. bond market by increasing their balance sheet over the past decade to close to $4.5 Trillion. What can you expect now that they have slowly started to unwind their balance sheet? How are institutional investors, that manage trillions of dollars in assets, adjusting to this new regime, and where are they investing now given low levels in global rates and excessive valuation in equities?

For a perspective on all this and more, come and listen to Satish Swamy, CFA, who is a Managing Director and on the leadership team of the Office of the Chief Investment Officer of the University of California. He helps manage $120 Billion in U.C. assets across pension, endowment, system-wide working capital, and defined contribution plans. He has been on the U.C. Investments team since 1998 and has managed global fixed income portfolios for over 25 years. He has been teaching Fixed Income and Portfolio Management at the University of San Francisco since 2005. He has advanced degrees in Electrical Engineering and an MBA in Finance from the University of Southern California. He has also written two chapters int he Handbook of Derivative Instruments.

Teach-ins are intended to be interactive as much as instructive, so bring your questions.

Please register through the RSVP link below, and add this to your calendar!

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