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“I’d Rather Be a Bond”

The Markets

Shownote

Bond yields have risen sharply in the past month. Is this move an overreaction – and is it creating opportunities for investors? Lindsay Rosner, Head of Multi-Sector Investing in Goldman Sachs Asset Management, discusses with Chris Hussey. Recorded on March 25, 2026. The opinions and views expressed herein are as of the date of publication, subject to change without notice, and may not necessarily reflect the institutional views of Goldman Sachs or its affiliates. The material provided is intended for informational purposes only, and does not constitute investment advice, a recommendation from any Goldman Sachs entity to take any particular action, or an offer or solicitation to purchase or sell any securities or financial products. This material may contain forward-looking statements. Past performance is not indicative of future results. Neither Goldman Sachs nor any of its affiliates make any representations or warranties, express or implied, as to the accuracy or completeness of the statements or information contained herein and disclaim any liability whatsoever for reliance on such information for any purpose. Each name of a third-party organization mentioned is the property of the company to which it relates, is used here strictly for informational and identification purposes only and is not used to imply any ownership or license rights between any such company and Goldman Sachs. A transcript is provided for convenience and may differ from the original video or audio content. Goldman Sachs is not responsible for any errors in the transcript. This material should not be copied, distributed, published, or reproduced in whole or in part or disclosed by any recipient to any other person without the express written consent of Goldman Sachs. Disclosures applicable to research with respect to issuers, if any, mentioned herein are available through your Goldman Sachs representative or at http://www.gs.com/research/hedge.html [https://www.youtube.com/redirect?event=video_description&redir_token=QUFFLUhqbkNIcktWU0Y3ZmlSLUlxM25GZUlhQmtBYkJ3d3xBQ3Jtc0tuREZuSUR5bTEwSEdHM19Jci1FVXNjSUVyMFlTQUdocTRFMkZhZmlzUXV0WmtNUW5tbl9RSnhtZEViMV9VZEVKQy1KMU8xcUlvN0ZXRzBKcURqcVd0bVhnelFRVnAtcm5rTzByVFB4NkpaOG00c05PNA&q=http%3A%2F%2Fwww.gs.com%2Fresearch%2Fhedge.html&v=6_rnRHP9i1w] Goldman Sachs does not endorse any candidate or any political party. © 2026 Goldman Sachs. All rights reserved. Learn more about your ad choices. Visit megaphone.fm/adchoices [https://megaphone.fm/adchoices]

Highlights

In this episode, Goldman Sachs Asset Management’s Lindsay Rosner joins Chris Hussey to unpack the recent sharp rise in bond yields—and what it means for investors navigating heightened geopolitical tension, inflation uncertainty, and shifting central bank expectations.
00:04
Bonds are a good hedge against volatility caused by geopolitical risk and inflation
02:30
Bonds may still serve as portfolio ballast despite inflation fears and geopolitical risk
04:52
The speaker believes the Fed will cut rates by 50 basis points despite market pricing in no cuts
07:29
Bonds are a good investment due to rising yields

Chapters

Why did bond yields surge—and what does it mean for the Fed's next move?
00:00
Can bonds still protect portfolios when geopolitics and inflation collide?
02:30
Why are bonds looking more attractive than stocks right now?
04:52
What do rising yields tell us about the future of income and interest rate risk?
07:29

Transcript

Chris Hussey: This is The Markets. I'm Chris Hussey. And today is Wednesday, March 25th. And I'm here with Lindsay Rosner, who is head of multi-sector investing within Goldman Sachs Asset Management. Lindsay, thanks so much for joining us. Lindsay Rosner:...