I subscribe to a lot of podcasts, but there aren’t many that I always listen to. However, Uncle Jim’s World of Bonds is always a must-listen to. It's both entertaining and informative. It is typically just 10 minutes long and contains some real nuggets covering macroeconomics, financial markets, politics, and the long-term drivers impacting the world all investors inhabit.
We recorded this chat on July 1st, and quite a lot has happened since then. Obviously, we have had elections in the UK and France and the advancement of England and France to the semifinals of Euro 24.
In this episode, Jim discusses why he thinks bonds are so interesting and important and what we, as investors, can learn from them. He also discusses Trussonomics, the implications of French political instability, the potential impact of an unwinding of Japan’s carry trade, what to know about credit spreads, and how they might inform equity markets.
Jim has been a fund manager at
M&G for 27 years, most recently as CIO for fixed income. Since we recorded this episode, Jim has announced his departure later this year to study art history. I very much hope he can also find the time to keep up his podcasting, maybe interspersing yield curve analysis with a view on the modern relevance of German expressionism from the inter-war period.
I must remind you that none of what you hear is investment advice, it is all just the personal views of the people talking and does not represent the views of any organisation mentioned in this podcast.
Please enjoy my conversation with Uncle Jim about his world of bonds.
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