Fixed Income: Is There a Light at the End of the Tunnel?
Hear from fixed income portfolio specialist Douglas Gimple as he shares a brief overview of the latest Fed meeting and what it means for investors.
Bloomberg US Aggregate Bond Index measures the performance of investment grade, fixed-rate taxable bond market and includes government and corporate bonds, agency mortgage-backed, asset-backed and commercial mortgage-backed securities (agency and non-agency). Bloomberg US Corporate Bond Index measures the performance of the US investment grade fixed-rate taxable corporate bond market. The indexes are unmanaged, include net reinvested dividends, do not reflect fees or expenses (which would lower the return) and are not available for direct investment. Index data source: Bloomberg Index Services Limited. See diamond-hill.com/disclosures for a full copy of the disclaimer.
S&P 500 Index measures the performance of 500 large companies in the US.
Risk disclosure: In general, when interest rates rise, fixed income values fall. Mortgage- and asset-backed securities are influenced by factors affecting the housing market and the assets underlying such securities. The securities may decline in value, face valuation difficulties and become more volatile and/or illiquid. They are also subject to prepayment risk, which occurs when mortgage holders refinance or repay loans sooner than expected, creating an early return of principal to loan holders.
As of 31 August 2022, Diamond Hill owned debt in Amazon.com, Inc. As of 31 October 2022, Diamond Hill owned equity shares of Amazon.com, Inc.
The views expressed are those of the speakers as of November 2022 and are subject to change without notice. These opinions are not intended to be a forecast of future events, a guarantee of future results or investment advice. Investing involves risk, including the possible loss of principal. Past performance is not a guarantee of future results.