DoubleLine's Jeffrey Sherman on the Fed's TACO Trade & Fixed Income Strategy

A panel at the Exchange conference in Las Vegas concluded that traditional playbooks for inflation and interest rates are being rewritten, signaling elevated uncertainty for fixed income markets. Panelists, including Jeffrey Sherman (deputy CIO at DoubleLine), urged portfolio managers to reassess duration and yield/carry positioning as policy and inflation dynamics evolve.

Analysis

A panel at the Exchange conference in Las Vegas concluded that traditional playbooks for inflation and interest rates are being rewritten, signaling elevated uncertainty for fixed income markets. Panelists, including Jeffrey Sherman (deputy CIO at DoubleLine), urged portfolio managers to reassess duration and yield/carry positioning as policy and inflation dynamics evolve.