Deconstructing Alpha

EP 23: Carl Kaufman of Osterweis Funds – Why Income, Why Now

July 27, 2023 Geremy van Arkel, CFA® Season 1 Episode 23
EP 23: Carl Kaufman of Osterweis Funds – Why Income, Why Now
Deconstructing Alpha
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Deconstructing Alpha
EP 23: Carl Kaufman of Osterweis Funds – Why Income, Why Now
Jul 27, 2023 Season 1 Episode 23
Geremy van Arkel, CFA®

For the twelve years following The Great Financial Crisis, money market yields had remained close to 0%, and bond yields were consequently repressed.  However, today the entire bond spectrum appears to exhibit different characteristics than when the Fed Funds Rate was 0%.  Instead of low inflation, we have inflation higher for longer.  We currently have an inverted yield curve, where short-term bonds offer higher yields than longer dated bonds.  Further, we have whole segments of the bond market that are offering yields in the 7%+ range.   

To help uncover all that needs to be known on this subject right now, I interview Carl Kaufman of Osterweis funds.  Carl is the most experienced bond manager that I know of when it comes to all things income.  Many of you might have listened to him before on this podcast, but those that haven’t, you are in for a treat. 

If you like to earn income from your bonds, this might be something you want to listen to.  So, pod up and tune in to Carl Kaufman of Osterweis funds.   

Show Notes

For the twelve years following The Great Financial Crisis, money market yields had remained close to 0%, and bond yields were consequently repressed.  However, today the entire bond spectrum appears to exhibit different characteristics than when the Fed Funds Rate was 0%.  Instead of low inflation, we have inflation higher for longer.  We currently have an inverted yield curve, where short-term bonds offer higher yields than longer dated bonds.  Further, we have whole segments of the bond market that are offering yields in the 7%+ range.   

To help uncover all that needs to be known on this subject right now, I interview Carl Kaufman of Osterweis funds.  Carl is the most experienced bond manager that I know of when it comes to all things income.  Many of you might have listened to him before on this podcast, but those that haven’t, you are in for a treat. 

If you like to earn income from your bonds, this might be something you want to listen to.  So, pod up and tune in to Carl Kaufman of Osterweis funds.