Want to create an interactive transcript for this episode?
Podcast: Money Life with Chuck Jaffe
Episode: T Rowe Price's McCormick: U.S. investors are underinvested in bonds
Description: Andy McCormick, head of global fixed income/chief investment officer at T. Rowe Price, says that investors are 'cyclically underinvested in fixed income for a long time,' due to the low yields that were available, and they are also under-represented in foreign bonds -- which are not facing the inverted yield curve that's happening here -- and so diversifying into safe domestic and foreign bonds makes sense as a way to ride out current volatility. Julie Ramhold of DealNews.com sets us up for the coming Amazon Prime Days, and what investors should expect to save big on...