Zephyr's Adjusted for Risk: A Deep Dive into Fixed Income with DoubleLine's Jeffrey Sherman

Ryan Nauman interviews DoubleLine Deputy CIO Jeffrey Sherman about the macro backdrop, positioning in fixed income—staying cautious on riskier credit despite only modest spread widening, favoring front-end and intermediate duration over the 30-year, highlighting ways to manage agency MBS prepayment risk with seasoned coupons, seeing emerging-market debt as an attractive way to bet against the dollar, and suggesting investors may not own enough gold as central-bank demand supports it.