{"podcast":{"title":"The Weekly Fix","slug":"the-weekly-fix-6462690","podcast_index_feed_id":6462690,"rss_url":"https://feeds.captivate.fm/the-weekly-fix/","website_url":"https://the-weekly-fix.captivate.fm","image_url":"https://artwork.captivate.fm/2cc9be39-2838-4e24-8c38-43ec69c81012/xyB3sn5L5JVwMnRmrjCN1KXo.jpg","author":"RBC Global Asset Management (U.S.) Inc.","episode_count":136,"summary":"Today’s markets move fast. To keep you up to speed each week, Andrzej Skiba, CFA, Head of BlueBay U.S. Fixed Income at RBC Global Asset Management, and members of his investment team will deliver forward looking market commentary and insights into what’s driving fixed income markets over the coming week.","last_synced_at":"2026-07-08T02:17:17.447128+00:00","page_url":"https://stenobird.com/podcast/the-weekly-fix-6462690"},"episode":{"title":"Income without illusion: navigating late-cycle credit markets","slug":"income-without-illusion-navigating-late-cycle-credit-markets","published_at":"2026-04-28T13:45:00+00:00","page_url":"https://stenobird.com/podcast/the-weekly-fix-6462690/income-without-illusion-navigating-late-cycle-credit-markets","show_page_url":"https://stenobird.com/podcast/the-weekly-fix-6462690","url":"https://the-weekly-fix.captivate.fm","audio_url":"https://episodes.captivate.fm/episode/3e0e0d64-e1e4-4efa-859a-0fb4c2b5ad7f.mp3","summary":"A fragile equilibrium in fixed income: high yields persist despite tight conditions, creating potential opportunities for disciplined credit selection. Anne Greenwood, Institutional Portfolio Manager on RBC GAM's BlueBay U.S. Fixed Income team, examines how elevated yields and tight spreads create a deceptively simple market environment that may reward active security selection and quality upgrades. Attractive yields meet tight conditions: credit markets currently offer equity-like income levels, but the cushion against market volatility is thinner than historical norms suggest. Selectivity becomes essential in late-cycle markets. With real differences emerging between strong and weak performers, choosing the right securities matters more than riding broad market trends. Upgrading credit quality and avoiding overly risky exposures while identifying overlooked opportunities helps investors capture income without overextending.","meta_description":"A fragile equilibrium in fixed income: high yields persist despite tight conditions, creating potential opportunities for disciplined credit selection. An…","key_points":[],"chapters":[],"topics":[],"duration_seconds":279,"processing_state":"not_requested","actions":[{"name":"request_transcript","method":"POST","url":"https://stenobird.com/v1/public/podcasts/the-weekly-fix-6462690/episodes/income-without-illusion-navigating-late-cycle-credit-markets/transcription-requests","description":"Idempotently request low-priority transcript generation for this episode."},{"name":"read_markdown","method":"GET","url":"https://stenobird.com/podcast/the-weekly-fix-6462690/income-without-illusion-navigating-late-cycle-credit-markets.md","description":"Read the agent-friendly Markdown representation of this episode resource."}]}}