Fed's Credibility Questioned, ‘Bond Vigilantes’ Return | Real Yield 7/30/2026

"Bloomberg Real Yield" highlights the market-moving news you need to know. Today's guests: Azimut Group Global Co-Head of Fixed Income Nicolò Bocchin, Columbia Threadneedle Investments Ed Al-Hussainy, TCW Group CIO & Generalist Portfolio Manager, Fixed Income Bryan Whalen, and CreditSights Global head of Credit Strategy Winnie Cisar. Chapters: 00:00:00 - Real Yield opens 00:03:07 - Bloomberg’s Mike McKee on Mortgage Rates, Treasury Yields & PCE Data 00:05:48 - Macro Roundtable: Market Interprets the Fed 00:06:04 - Ed Al-Hussainy: Inflation Risk & the Yield Curve 00:07:33 - Nicolo Bocchin: Why Markets May Be Misreading Inflation 00:08:48 - Al-Hussainy: Fed Communication & Long-Duration Risk 00:10:32 - Bocchin: Can Inflation Reach 2% Without Recession? 00:12:03 - Portfolio Positioning After the Fed Decision 00:14:31 - Bank of England Holds Rates Steady 00:14:48 - Andrew Bailey on Inflation, Oil & Rate Outlookn 00:19:09 - BOE Decision: What Could Trigger a Rate Hike? 00:21:26 - Auction Block: Corporate Bond Market Update 00:23:00 - Credit Roundtable: Bryan Whalen and Winnie Cisar on AI Debt Boom & Borrowing Costs 00:25:18 - Cisar on Whether Tech's Debt Issuance Continue 00:26:28 - Whalen on Credit Default Swaps & AI Credit Risks 00:28:24 - Whalen on Which AI Companies Could Face the Biggest Risks 00:29:03 - Cisar oCredit Outlook & Investment Opportunities 00:30:05 - Whalen on Short-Duration Bonds vs. Long-Duration Risk 00:32:33 - Muni Moment: Trump Unveils Dulles Airport Expansion 00:35:08 - Swarthmore College Loses AAA Credit Rating 00:38:08 - Final Thoughts: Kevin Warsh's "Family Fight" -------- More on Bloomberg Television and Markets Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9 Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more. Connect with Bloomberg Television on: X: https://twitter.com/BloombergTV Facebook: https://www.facebook.com/BloombergTelevision Instagram: https://www.instagram.com/bloombergtv/ Connect with Bloomberg Business on: X: https://twitter.com/business Facebook: https://www.facebook.com/bloombergbusiness Instagram: https://www.instagram.com/bloombergbusiness/ TikTok: https://www.tiktok.com/@bloombergbusiness?lang=en Reddit: https://www.reddit.com/r/bloomberg/ LinkedIn: https://www.linkedin.com/company/bloomberg-news/ More from Bloomberg: Bloomberg Radio: https://twitter.com/BloombergRadio Bloomberg Surveillance: https://twitter.com/bsurveillance Bloomberg Politics: https://twitter.com/bpolitics Bloomberg Originals: https://twitter.com/bbgoriginals Watch more on YouTube: Bloomberg Technology: https://www.youtube.com/@BloombergTechnology Bloomberg Originals: https://www.youtube.com/@business Bloomberg Quicktake: https://www.youtube.com/@BloombergQuicktake Bloomberg Espanol: https://www.youtube.com/@bloomberg_espanol Bloomberg Podcasts: https://www.youtube.com/@BloombergPodcasts