The Bond Investing Podcast with Fexingo: Treasuries, Corporate Bonds, and Fixed Income Strategy

With the 3-month Treasury yield dropping to 3.83% while the 10-year sits at 4.54%, the short end of the curve is sending a clear message about Fed policy expectations. Lucas and Luna break down what this narrowing spread means for cash-heavy investors, why money market funds might be peaking, and how to position a fixed-income portfolio for a potential rate-cutting cycle. They examine the 10Y-2Y s...

In this episode of The Bond Investing Podcast, Lucas and Luna dig into the recent drop in the 2-year Treasury yield to 4.16 percent, down from 4.21 last week, and what it means for fixed-income investors. They explore the dynamics behind the 10-2 year spread narrowing to 35 basis points and why short-duration bonds are suddenly in focus. Using live data from July 2026, they discuss whether the Fed...

Lucas and Luna examine why investment-grade corporate bond spreads have compressed to multi-year lows even as the 10-year Treasury yield hovers near 4.56 percent. They dissect the role of ETF liquidity, the 'reach for yield' among insurance and pension funds, and what the narrowing spread between LQD and IEF signals about risk appetite. The hosts discuss whether tight spreads are a vote of confide...

Lucas and Luna dive into the explosion of prediction markets — like Kalshi — and how they are becoming a new tool for bond investors. With the 10-year Treasury yield at 4.56 and the 30-year at 5.06, traders are using contracts on gas prices, Fed decisions, and geopolitical events to gauge inflation and rate expectations. Lucas explains how these markets offer real-time, granular sentiment that can...

Lucas and Luna dig into the July 8 Fed meeting minutes, which revealed a sharp split among officials on the next move for interest rates. The 10-year Treasury yield sits at 4.55%, the 30-year at 5.05%, and the yield curve is barely positive at 35 basis points. The hosts explore what this internal disagreement means for bond investors — from curve trades to sector allocation. They analyze which cam...

In Episode 99 of The Bond Investing Podcast with Fexingo, Lucas and Luna explore the quiet outperformance of securitized debt in 2026. With the 10-year Treasury at 4.55% and the yield curve still positively sloped at 35 basis points, agency mortgage-backed securities and AAA-rated CLOs are delivering better risk-adjusted returns than corporate bonds of similar duration. Lucas explains how prepayme...

The yield curve has been inverted for over two years — the longest stretch since the late 1970s. But in late June 2026, the 10-year Treasury yield finally climbed back above the 2-year, ending an inversion that began in July 2022. In this episode, Lucas and Luna break down what actually happened: the 10-year yield hit 4.48 percent while the 2-year sat at 4.13 percent, producing a positive spread o...

In Episode 97 of The Bond Investing Podcast, Lucas and Luna dig into a surprising pocket of outperformance this year: municipal bonds. With the 10-year Treasury yielding 4.48 percent and the 30-year at 4.99 percent, muni yields have climbed even higher in tax-equivalent terms – pushing institutional and retail money into the tax-exempt space. They walk through the mechanics: how supply constraints...

In this episode of The Bond Investing Podcast, Lucas and Luna break down why Treasury Inflation-Protected Securities are outperforming nominal Treasuries in mid-2026. With the 10-year TIPS real yield hovering near 2.2 percent and breakeven inflation expectations running above 2.3 percent, TIPS offer a rare combination of positive real yield and inflation protection. We discuss the mechanics of TIP...

In this episode, Lucas and Luna dig into the surprising performance of Treasury Inflation-Protected Securities (TIPS) in mid-2026. With the 10-year real yield hovering near 2 percent and breakeven inflation expectations creeping higher, TIPS are offering a rare combination of real income and inflation protection. The hosts walk through the mechanics of how TIPS actually work—the inflation adjustme...

Lucas and Luna explain why floating rate notes are outperforming fixed-rate bonds in the current high-rate environment. With the 2-year Treasury yield at 4.17% and the Federal Reserve holding rates steady at 3.63%, FRNs offer investors a way to earn rising yields without taking on duration risk. The hosts walk through how FRNs work, their role in a diversified fixed-income portfolio, and why they...

In this episode, Lucas and Luna dig into a quiet but powerful shift happening in fixed income: short-term Treasury ETFs like SHY are holding steady while long-duration funds like TLT keep falling. With the 10-year yield at 4.48 percent and the 2-year at 4.17 percent, the curve is flattening in an unusual way — and Lucas explains why investors are piling into the front end for both safety and yield...

In this episode of The Bond Investing Podcast, Lucas and Luna examine why investment-grade bond ETFs are outperforming individual corporate bonds in the current rate environment. With the 10-year Treasury yield hovering near 4.48% and the 30-year at 4.99%, the spread between high-grade corporate bonds and Treasuries has narrowed significantly. Lucas explains the liquidity advantage of ETFs like LQ...

In this episode of The Bond Investing Podcast, Lucas and Luna dive into why the 30-year Treasury is outperforming shorter-dated bonds so far in 2026. With the 30-year yield at 4.97% as of July 1 — up from 4.91% a week prior — the long bond is attracting flows from pension funds and foreign buyers looking to lock in yields near five percent. They discuss how the steepening yield curve, with the 10y...

Lucas and Luna break down how the persistent inversion of the 2-year vs. 10-year Treasury spread is turning traditional duration bets upside down. With the 10-year at 4.48 percent and the 2-year at 4.17 percent, the spread has steepened to 35 basis points from 31, but it's still inverted. They explore why this matters for bond investors, how the belly of the curve is offering surprising value, and...

Lucas and Luna explore why long-duration Treasuries have been leading fixed-income returns in mid-2026. With the 30-year yield pushing toward 5 percent and the 10-year holding at 4.48, the bond market is sending a steepening signal that many investors are still ignoring. They break down the numbers: the 30-year is up nearly 10 percent year-to-date, while the 2-year note is basically flat. They tal...

Corporate bond ETFs have been quietly beating single bonds on liquidity and returns in 2026. Lucas and Luna break down why LQD and HYG are outperforming the AGG, and why the shift from individual issues to ETFs is accelerating. They discuss the role of institutional trading costs, the impact of the yield curve steepening on corporate spreads, and what the data from the first half of 2026 tells us...

Treasury yields are rising across the curve, but the long end is moving fastest. Lucas and Luna break down why the 30-year yield hit 4.98 percent this week, what that means for pension funds and insurers, and how individual investors can play a steepening curve without taking on excessive duration risk. They compare the 30-year to the 10-year note, discuss the role of term premium, and look at whe...

In this episode, Lucas and Luna dive into why corporate bond ETFs have been outperforming individual bonds in 2026, especially during periods of rate volatility. They discuss how the ETF structure provides liquidity advantages that single issues can't match, and what that means for fixed-income investors. Using recent data, they highlight the performance of LQD and HYG versus the broader bond mark...

In this episode, Lucas and Luna dive into the surprising outperformance of agency mortgage-backed securities versus Treasuries in the first half of 2026. With the 10-year Treasury yield at 4.44% and the 30-year at 4.91%, investors are scrambling for yield. Lucas explains why agency MBS — pools of government-guaranteed mortgages — have returned nearly 2% more than Treasuries year-to-date, despite r...

In Episode 84 of The Bond Investing Podcast, Lucas and Luna dive into why bond ETFs have outperformed individual bonds for liquidity and total return in 2026. With the 10-year yield hovering near 4.38 and the 30-year at 4.86, they analyze how ETFs like LQD and HYG offer better price discovery and lower transaction costs. Using recent data on credit spreads and volume, they explore why institutiona...

The bond market's liquidity crunch is real, but corporate bond ETFs are quietly winning. This episode of The Bond Investing Podcast with Fexingo dives into how LQD and HYG have maintained tight spreads while individual bonds struggle to trade. We look at the mechanics of ETF creation-redemption, and why the average investor is better off with an ETF than picking single issues. With the 10-year at...

The liquidity of bond ETFs versus individual bonds has been a hot debate. In this episode, Lucas and Luna examine why bond ETFs have outperformed single issues in 2026, using data from the Bloomberg Aggregate Bond Index and the recent narrowing of bid-ask spreads. They discuss how the rise of ETF trading in fixed income has changed the game for retail investors, with a focus on the iShares iBoxx $...

With the yield curve steepening and the 10-year at 4.38 percent, fixed-income investors are hunting for income without taking on excessive credit risk. In Episode 81 of The Bond Investing Podcast, Lucas and Luna explore a less-talked-about corner of the market: preferred stock hybrids. These securities—traded like stocks but structured like bonds—offer yields around 6 to 7 percent, but with comple...

In this episode of The Bond Investing Podcast, Lucas and Luna explore why investment-grade and high-yield credit spreads are compressing even as the yield curve steepens and the 10-year Treasury yield hovers near 4.40. With the 10Y-2Y spread at 31 basis points and the 30-year yield at 4.86, corporate bonds are attracting demand from yield-starved investors. The hosts drill into how LQD and HYG hav...