Touchstone's Aarts on why oil prices are causing higher bond yields

Erik Aarts, senior fixed income strategist at Touchstone Investments , says the last few weeks have shown a disconnect between stock and bond markets, with the bond markets getting particularly cautious while stocks have raced back to record highs. What the bond market is worried about, Aarts says, is that higher oil prices will bleed into another round of higher inflation. ... At its base case, that's why yields are up today." Aarts also discusses how high-yield bonds are not living so much up to their label as "junk bonds," and that much of that high-risk exposure has moved to or stayed in private credit markets, changing the risk-reward profile of high-yield bonds and making them more attractive than other categories now. For his ETF of the Week, Todd Rosenbluth, head of research at VettaFi , goes in an unusual direction, picking an emerging markets sovereign debt fund that gets poor grade from Morningstar but that Rosenblth says fits the bill for a growing group of investors looking for overseas bond exposure that's tied to the dollar. Wall Street veteran Anthony Gallea, chief executive at Working Profit and publisher of the Working Profit Investment Letter, adds the twist of finding a catalyst to a Benjamin Graham-Warren Buffett style of value investing. In the Market Call, Gallea discusses how that works and where he sees potential catalysts now.

You can listen to Touchstone's Aarts on why oil prices are causing higher bond yields online on Radio and Podcast. Open the player on this page to stream the available audio.

Touchstone's Aarts on why oil prices are causing higher bond yields is an episode from MoneyLife with Chuck Jaffe Daily Podcast - Full Show by Money Life with Chuck Jaffe.

This episode is 58:47 long.

This episode was published on May 8, 2026.

Yes. Use the heart button on the episode page to add it to your favorite episodes list.

Yes. This page shows related episodes from MoneyLife with Chuck Jaffe Daily Podcast - Full Show when more episodes are available from the podcast feed.