Interest rate backdrop supports playing offense with bonds, according to Goldman Sachs former ETF head

CNBC
2025.11.01 15:00
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Tony Kelly, co-founder of BondBloxx and former Goldman Sachs ETF head, discusses the evolving landscape of fixed income investments. With the Federal Reserve's recent interest rate cut to 3.75%-4%, he believes bonds are becoming more than just safe havens, offering opportunities for active investment. Kelly highlights emerging market debt as a top performer and notes growing interest in private credit ETFs, which provide institutional-style yields with daily liquidity. He emphasizes that advisors are becoming more strategic in their approach to fixed income investments.