Coronavirus: Bond Boot Camp Part Two

Jill on Money with Jill Schlesinger

Audacy

Self-improvement, Business, Investing, Education

4.6 • 1.8K Ratings

🗓️ 26 July 2020

⏱️ 11 minutes

🔗️ Recording | iTunes | RSS

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Summary

What’s a portfolio without a bond position? It’s incomplete and potentially riskier than necessary. We field so many questions about your portfolios and asset allocation and while stocks may seem sexier because of their upside potential, you always hear me stress that everyone needs exposure to bonds as well. We rarely dive into bonds in great detail, what they are, how they work, and why you absolutely need them, which is why I thought it would be time for a little Bond Boot Camp. Joining us on the podcast this weekend is Kathy Jones, Senior VP and Chief Fixed Income Strategist at Schwab. Have a money question? Email me here. Please leave us a rating or review in Apple Podcasts. "Jill on Money" theme music is by Joel Goodman, www.joelgoodman.com. To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices

Transcript

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0:00.0	Welcome to the Jill on Money Corona virus Market update. It is Sunday, July 26th.
0:11.0	It's a big day here in Jill on Moneyland. Yes, indeed. It's Mark's birthday.
0:16.0	What are you going to do to celebrate your birthday, Mark? What's going to happen today?
0:20.0	Mark says that he will get a break from cooking. I'm guessing it will be
0:25.6	Italian in nature. I'm just guessing. I don't know. We'll see. Anyway, today we are
0:31.0	airing the second part of our interview with Kathy Jones.
0:34.6	She is Chief Fixed Income Strategists at Charles Schwab.
0:38.3	What we're focusing on today is a macro picture, sort of big picture what's going on in the economy and I think it's
0:45.5	going to be really interesting because this is going to be a huge week.
0:48.5	We have the first estimate of second quarter GDP.
0:52.0	Kathy acknowledges it's going to be a really bad number. But what happens beyond that?
0:57.8	That's a question. What shape is the recovery going to take? That's a good question. We're going to answer all of those with
1:03.4	Kathy Jones. All right, here's our interview with Kathy. You wrote recently in
1:08.8	response to an article that was published in the Atlantic that was had the very click-baity title
1:16.0	The looming bank collapse
1:19.0	and the subtitle was the US financial system
1:22.0	could be on the cusp of calamity.
1:25.6	This time we might not be able to save it.
1:29.0	This is by Frank Partnoy.
1:31.0	And I have to tell you it's so funny because my uncle who is a pretty rich
1:35.5	dude in Australia sent me this article immediately and said you see the whole
1:40.6	thing's coming down, House of Cards.
	...

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