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Growth, sticky inflation, policy uncertainty and Treasury supply have pushed long-term yields to multi-decade highs. On this week’s episode of the Basis Points podcast, Kevin Flanagan outlines a barbell approach for investing in a “5% bond world.” Basis point: 1/100th of 1 percent. Consumer Price Index (CPI): Measures the average monthly change in prices paid by urban consumers for a market basket of consumer goods and services. Producer Price Index (PPI): Measures changes in wholesale prices, offering insights into inflation trends before they reach consumers. Funds mentioned in podcast: USFR: WisdomTree Floating Rate Treasury Fund AGZD: WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund HYZD: WisdomTree Interest Rate Hedged High Yield Bond Fund AGGY: WisdomTree Yield Enhanced U.S. Aggregate Bond Fund WTBN: WisdomTree Bianco Total Return Fund Learn more: https://www.wisdomtree.com/us/insights/podcasts/basis-points-podcasts Learn more about the WisdomTree Zero Duration Suite: https://www.wisdomtree.com/us/strategies/fixed-income Please see the WisdomTree Glossary for additional definitions of terms and/or indexes: https://www.wisdomtree.com/us/insights/glossary

The 10-year U.S. Treasury yield reached 5.36%, its highest level in 20 years, amid a mix of growth, inflation, policy uncertainty and supply pressures. This week on the Basis Points podcast, Kevin Flanagan and Maggie Lucier review the case for zero-duration strategies and how they could fit into bond portfolios as investors consider taking on longer-duration exposure. Basis point: 1/100th of 1 percent. Learn more: https://www.wisdomtree.com/us/insights/podcasts/basis-points-podcasts Please see the WisdomTree Glossary for additional definitions of terms and/or indexes: https://www.wisdomtree.com/us/insights/glossary

The 10-year Treasury yield hit a 19-year high of 5.2% last week, and it isn't alone: Japan, Germany and the UK have all seen their 10-year yields climb to multi-decade highs. This week on Basis Points, Maggie Lucier, Senior Associate, Investment Strategy, joins Kevin Flanagan to explain the common forces behind the global bond sell-off, including deficit spending, inflation concerns and central bank tightening, and why Japan is the market to watch. Basis point: 1/100th of 1 percent. Learn more: https://www.wisdomtree.com/us/insights/podcasts/basis-points-podcasts Please see the WisdomTree Glossary for additional definitions of terms and/or indexes: https://www.wisdomtree.com/us/insights/glossary

At the September FOMC meeting, the Fed raised rates by 25 basis points to 3.75%–4.00% amid persistent inflation pressures. This week on Basis Points, Kevin Flanagan explains why the move may not be the last hike investors see this year. Basis point: 1/100th of 1 percent. Learn more: https://www.wisdomtree.com/us/insights/podcasts/basis-points-podcasts Please see the WisdomTree Glossary for additional definitions of terms and/or indexes: https://www.wisdomtree.com/us/insights/glossary

UST yields are climbing back to more “normal” historical levels, but the sell-off has stayed orderly, with no liquidity or funding stress in sight. This week on Basis Points, Maggie Lucier joins Kevin Flanagan to explain why rising rates reflect the bond market simply doing its job, and how WisdomTree’s Zero Duration Suite can help portfolios adapt. Basis point: 1/100th of 1 percent. Learn more: https://www.wisdomtree.com/us/insights/podcasts/basis-points-podcasts Please see the WisdomTree Glossary for additional definitions of terms and/or indexes: https://www.wisdomtree.com/us/insights/glossary

Treasury yields have climbed to levels not seen since before the 2007 Financial Crisis, and the Treasury Department’s latest buyback push barely dented the trend. This week on Basis Points, Kevin Flanagan examines why the bond market remains in “selling on strength” mode ahead of Fed Chair Warsh’s first Jackson Hole appearance. Basis point: 1/100th of 1 percent. Learn more: https://www.wisdomtree.com/us/insights/podcasts/basis-points-podcasts Please see the WisdomTree Glossary for additional definitions of terms and/or indexes: https://www.wisdomtree.com/us/insights/glossary

AI-related debt issuance has surpassed $500 billion in 2026 alone, adding to supply pressures in bond markets already contending with a nearly $2.0 trillion U.S. budget deficit. This week, Maggie Lucier joins Kevin Flanagan to discuss what is keeping Treasury yields elevated, the impact of Fed uncertainty and why Kevin favors a zero-duration approach to managing interest rate risk. Basis point: 1/100th of 1 percent. Agg: Refers to the Bloomberg U.S. Aggregate Bond Index. “Double A issuer”: Refers to an issuer with an “AA” credit rating from a major credit rating agency Learn more: https://www.wisdomtree.com/us/insights/podcasts/basis-points-podcasts Please see the WisdomTree Glossary for additional definitions of terms and/or indexes: https://www.wisdomtree.com/us/insights/glossary

Long-term Treasury yields have surged following the July FOMC meeting, as limited forward guidance raised questions about the Fed’s policy reaction function. On this week’s episode of Basis Points, Kevin Flanagan examines whether persistent inflation and resilient labor data could leave Chair Warsh boxed into a rate hike and what heightened duration and volatility risks mean for bond investors. Basis point: 1/100th of 1 percent. Learn more: https://www.wisdomtree.com/us/insights/podcasts/basis-points-podcasts Please see the WisdomTree Glossary for additional definitions of terms and/or indexes: https://www.wisdomtree.com/us/insights/glossary

The Fed kept rates unchanged at the July FOMC meeting, but markets are increasingly focused on the prospect of future hikes. This week on Basis Points, Kevin Flanagan explains why the next move may be a matter of when, not if, and what investors should watch in the months ahead. Basis point: 1/100th of 1 percent. Learn more: https://www.wisdomtree.com/us/insights/podcasts/basis-points-podcasts Please see the WisdomTree Glossary for additional definitions of terms and/or indexes: https://www.wisdomtree.com/us/insights/glossary

The Fed may be entering a new era, and investors expecting easy rate cuts could be in for a surprise. This week on the Basis Points podcast, Kevin Flanagan is joined by Maggie Lucier, Senior Associate, Investment Strategy. Together, they discuss why Kevin Warsh's policy approach could mean higher-for-longer rates, greater bond market volatility, and a fresh playbook for fixed income investing. Basis point: 1/100th of 1 percent. Handle: A market term referring to the whole-number portion of a yield or price. Agg: Refers to the Bloomberg US Aggregate Bond Index Learn more: https://www.wisdomtree.com/us/insights/podcasts/basis-points-podcasts  Please see the WisdomTree Glossary for additionaldefinitions of terms and/or indexes: https://www.wisdomtree.com/us/insights/glossary

The June jobs report all but shut the door on expectations for Fed rate cuts this year. On this week’s episode of Basis Points, Kevin Flanagan explains why the focus has shifted to a Fed on hold, and what that means for fixed income investors embracing a barbell strategy. Basis point: 1/100th of 1 percent. Learn more: https://www.wisdomtree.com/us/insights/podcasts/basis-points-podcasts Please see the WisdomTree Glossary for additional definitions of terms and/or indexes: https://www.wisdomtree.com/us/insights/glossary

The June FOMC meeting may be remembered less for holding rates steady and more for Kevin Warsh’s overhaul of how the Fed communicates policy. This week on the Basis Points podcast, Kevin Flanagan discusses what a Warsh-led Fed could mean for forward guidance, balance sheet policy and the future path of rates. Basis point: 1/100th of 1 percent. Learn more: https://www.wisdomtree.com/us/insights/podcasts/basis-points-podcasts Please see the WisdomTree Glossary for additional definitions of terms and/or indexes: https://www.wisdomtree.com/us/insights/glossary

The Fed remained on hold at yesterday's FOMC meeting, but the policy backdrop is becoming more complicated. This week on Basis Points, Kevin Flanagan analyzes how rising price pressures, improving hiring trends and a new Fed Chair are reshaping expectations for the path of interest rates. Basis point: 1/100th of 1 percent. Learn more: https://www.wisdomtree.com/us/insights/podcasts/basis-points-podcasts Please see the WisdomTree Glossary for additional definitions of terms and/or indexes: https://www.wisdomtree.com/us/insights/glossary

Private credit is often discussed as a single asset class, but the opportunity set extends far beyond direct lending. This week on the Basis Points podcast, Kevin Flanagan is joined by Chris Acito, CEO of Gapstow Capital Partners, to explore why diversification across multiple credit sectors and a clear understanding of liquidity can help investors build more resilient income-focused portfolios. Basis point: 1/100th of 1 percent. BDC = Business Development Company GSC = Government-sponsored enterprises “Glacy” refers to the Gapstow Private Credit and Alternative Income Index Learn more: https://www.wisdomtree.com/investments/multimedia/basis-points-podcasts#Listen%20now Please see the WisdomTree Glossary for additional definitions of terms and/or indexes: https://www.wisdomtree.com/investments/glossary

The 10-year Treasury yield has repeatedly snapped back into a 4.0%–4.5% range despite bouts of market volatility. This week on the Basis Points podcast, Kevin Flanagan analyzes why speculation around Treasury Secretary Bessent capping long-term yields may be overstated, and why employment, inflation, and Treasury supply remain the real drivers.