Thornburg Investment Management Co-Head of Investments Jeff Klingelhofer on Yahoo Finance

How ‘the alchemy’ of low interest rates is impacting market sentiment

As the Fed has decided to hold interest rates in September, how exactly are elevated for longer rates affecting markets and market sentiment? WisdomTree Global CIO Jeremy Schwartz and Jeff Klingelhofer, Thornburg Investment Management Co-Head of Investments, discuss the financial areas “higher for longer” rates are showing up in and the economic extent of a government shutdown.

“We as consumers, governments, corporations, have gotten used to very low financing,” Schwartz says. “There is a very real cost to debt today and it is having a bite, but it is taking longer for us to get to that end place.”