Basis Points

The Fed kept rates unchanged at the July FOMC meeting, but markets are increasingly focused on the prospect of future hikes. This week on Basis Points, Kevin Flanagan explains why the next move may be a matter of when, not if, and what investors should watch in the months ahead.

Basis point: 1/100th of 1 percent.

Learn more: https://www.wisdomtree.com/us/insights/podcasts/basis-points-podcasts

Please see the WisdomTree Glossary for additional definitions of terms and/or indexes: https://www.wisdomtree.com/us/insights/glossary

The Fed may be entering a new era, and investors expecting easy rate cuts could be in for a surprise. This week on the Basis Points podcast, Kevin Flanagan is joined by Maggie Lucier, Senior Associate, Investment Strategy. Together, they discuss why Kevin Warsh's policy approach could mean higher-for-longer rates, greater bond market volatility, and a fresh playbook for fixed income investing.

Basis point: 1/100th of 1 percent.

Handle: A market term referring to the whole-number portion of a yield or price.

Agg: Refers to the Bloomberg US Aggregate Bond Index

Learn more: https://www.wisdomtree.com/us/insights/podcasts/basis-points-podcasts 

Please see the WisdomTree Glossary for additionaldefinitions of terms and/or indexes: https://www.wisdomtree.com/us/insights/glossary

The June jobs report all but shut the door on expectations for Fed rate cuts this year. On this week’s episode of Basis Points, Kevin Flanagan explains why the focus has shifted to a Fed on hold, and what that means for fixed income investors embracing a barbell strategy.

Basis point: 1/100th of 1 percent.

Learn more: https://www.wisdomtree.com/us/insights/podcasts/basis-points-podcasts

Please see the WisdomTree Glossary for additional definitions of terms and/or indexes: https://www.wisdomtree.com/us/insights/glossary

The June FOMC meeting may be remembered less for holding rates steady and more for Kevin Warsh’s overhaul of how the Fed communicates policy. This week on the Basis Points podcast, Kevin Flanagan discusses what a Warsh-led Fed could mean for forward guidance, balance sheet policy and the future path of rates.

Basis point: 1/100th of 1 percent.

Learn more: https://www.wisdomtree.com/us/insights/podcasts/basis-points-podcasts

Please see the WisdomTree Glossary for additional definitions of terms and/or indexes: https://www.wisdomtree.com/us/insights/glossary

The Fed remained on hold at yesterday's FOMC meeting, but the policy backdrop is becoming more complicated. This week on Basis Points, Kevin Flanagan analyzes how rising price pressures, improving hiring trends and a new Fed Chair are reshaping expectations for the path of interest rates.

Basis point: 1/100th of 1 percent.

Learn more: https://www.wisdomtree.com/us/insights/podcasts/basis-points-podcasts

Please see the WisdomTree Glossary for additional definitions of terms and/or indexes: https://www.wisdomtree.com/us/insights/glossary

Private credit is often discussed as a single asset class, but the opportunity set extends far beyond direct lending. This week on the Basis Points podcast, Kevin Flanagan is joined by Chris Acito, CEO of Gapstow Capital Partners, to explore why diversification across multiple credit sectors and a clear understanding of liquidity can help investors build more resilient income-focused portfolios.

Basis point: 1/100th of 1 percent.

BDC = Business Development Company

GSC = Government-sponsored enterprises

“Glacy” refers to the Gapstow Private Credit and Alternative Income Index

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Please see the WisdomTree Glossary for additional definitions of terms and/or indexes: https://www.wisdomtree.com/investments/glossary

The 10-year Treasury yield has repeatedly snapped back into a 4.0%–4.5% range despite bouts of market volatility. This week on the Basis Points podcast, Kevin Flanagan analyzes why speculation around Treasury Secretary Bessent capping long-term yields may be overstated, and why employment, inflation, and Treasury supply remain the real drivers.

Inflation fears are back, with Treasury yields climbing sharply and markets now pricing in a potential Fed rate hike by 2027. This week on the Basis Points podcast, Kevin Flanagan explains why the “inflation trade” has taken hold and makes the case for Treasury Floating Rate Notes as a key defense in today’s bond market.

Basis point: 1/100th of 1 percent.

Learn more: https://www.wisdomtree.com/investments/multimedia/basis-points-podcasts#Listen%20now

Please see the WisdomTree Glossary for additional definitions of terms and/or indexes: https://www.wisdomtree.com/investments/glossary

Nearly half of the Bloomberg U.S. Aggregate Bond Index is now made up of Treasuries, a dramatic shift from just 22% in 2002. This week on the Basis Points podcast, Kevin Flanagan explains why rising deficits are reshaping core bond exposures and how investors may seek a more balanced approach through WisdomTree Yield Enhanced U.S. Aggregate Bond Fund (AGGY).

Basis point: 1/100th of 1 percent.

Learn more: https://www.wisdomtree.com/investments/multimedia/basis-points-podcasts#Listen%20now

Please see the WisdomTree Glossary for additional definitions of terms and/or indexes: https://www.wisdomtree.com/investments/glossary

Four Fed officials dissented in April—the most since 1992—signaling growing division on rate policy. This week on the Basis Points podcast, Kevin Flanagan explains how this shift, alongside Powell staying on, may, or may not, impact future monetary policy decisions.

Basis point: 1/100th of 1 percent.

Learn more: https://www.wisdomtree.com/investments/multimedia/basis-points-podcasts#Listen%20now

Please see the WisdomTree Glossary for additional definitions of terms and/or indexes: https://www.wisdomtree.com/investments/glossary