Expert insight
Roger Hallam on rates, inflation, and what’s next for bonds
September 21, 2026
Bond investors are navigating a complex environment marked by elevated inflation, rising government debt, geopolitical uncertainty, and unprecedented investment in AI infrastructure.
In a new episode of Barron’s Live, Roger Hallam, Vanguard’s global head of rates, joins Barron’s Senior Managing Editor Lauren Rublin and Barron’s reporter Josh Schafer to discuss what’s behind the recent rise in bond yields and what could come next. The conversation covers the Federal Reserve’s path, the impact of government borrowing and AI-related investment on markets, and the role bonds can play in investors’ portfolios today.
Listen to the full episode for Hallam’s outlook on rates, fixed income opportunities, and the forces shaping markets today.
Notes:
All investing is subject to risk, including the possible loss of the money you invest.
Investments in bonds are subject to interest rate, credit, and inflation risk.
Diversification does not ensure a profit or protect against a loss.