Search
Making Markets
Episode 50 Navigating the Credit Markets
Making Markets

Episode 50: Navigating the Credit Markets

Making Markets

Episode 50

Navigating the Credit Markets

Hosted by Eric Golden

11.29.2024

  • Credit
  • Fixed Income
  • Professional Investors

Adam Abbas is the head of Fixed Income at Oakmark. We cover how ZIRP affected credit investors, opportunities in fixed income today, and the impact of private credit.

Show Notes

(00:00:00) Welcome to Making Markets

(00:00:24) The Apple 401k Anecdote

(00:00:45) Early Career and Investment Strategies

(00:01:39) BlackBerry vs. Apple: A Case Study

(00:03:54) Lessons from Lehman Brothers

(00:04:35) Navigating the TMT Sector

(00:10:40) High Yield Credit Market Insights

(00:10:59) Impact of Low Interest Rates

(00:12:29) Monetary Policy and Market Reactions

(00:14:15) The Role of the Federal Reserve

(00:17:49) Global Economic Considerations

(00:20:18) Inflation and Deficit Concerns

(00:23:40) Market Signaling and Investment Strategies

(00:27:21) Credit Market Analysis

(00:28:34) Underwriting and Credit Strategies

(00:29:07) Investment Opportunities in High Yield and Investment Grade

(00:29:40) Leveraged Loans and Floating Rate Instruments

(00:31:25) MBS Agency Paper vs. Corporates

(00:36:29) Private Credit Market Impact

(00:40:28) Oakmark's Fixed Income Strategy

(00:48:23) Boeing: A Case Study in Credit Risk

(00:53:33) Corporate Credit Cycle Sentiment

11.29.2024

Hosted by Eric Golden

  • Credit
  • Fixed Income
  • Professional Investors
Navigating the Credit Markets
Apple Podcasts Spotify Overcast
Inquire about sponsorship
Apple Podcasts Spotify Overcast
Inquire about sponsorship

Introduction

Eric
My guest today is Adam Abbas, Portfolio Manager and Head of Fixed Income at Oakmark. After recording over 100 podcasts, I was thrilled to finally chat with another fixed income portfolio manager. We start with some valuable lessons from investing in the TMT sector, the impact of interest rates on security prices, and the role of monetary policy in the credit markets.

We then explore today's opportunities in fixed income, the growing influence of private credit, and the thinking behind launching a fund at Oakmark. Please enjoy this conversation with Adam Abbas.

Eric
Adam, I'm excited to have you on the show. I don't know how many episodes we've done, but I don't think I've had the chance to talk to another fixed income portfolio manager. So this one's near and dear to my heart.

Access the full transcript
Sign in or register to view episode transcripts.

Contact

Get in touch at help@joincolossus.com