Lead idea
High-quality corporate bonds attractive at 6% yields
The bull case made for bonds was that yields like Microsoft's at 6% offer powerful real returns, especially with an expectation that inflation will revert to target over the next 5-10 years. Gary Gensler (MIT Professor and former SEC Chair) made the case on Bloomberg Surveillance’s “Traders Have Data, Fedspeak and AI to Navigate”, aired 29 September 2026. The reasoning hinged on the high nominal yield providing a cushion against inflation volatility.
Gary Gensler · BLOOMBERG SURVEILLANCE · “Traders Have Data, Fedspeak and AI to Navigate” · 3W AGO