In today’s episode of The Weekly Fix, Tim Leary, BlueBay Senior PM of Leveraged Finance at RBC GAM, looks at the new inflation data, which offered some of the most hopeful news since the Fed began trying to tame rising prices 16 months ago. Short term rates remain elevated, and the yield curve is inverted, but higher rates with little duration risk can’t last. In Leary’s view, high yield bonds are particularly attractive, as compelling yields and low defaults remain the key attributes.