Interview: Bond Expert Dietrich: "Bonds are cheap and unpopular - and that's why they're attractive"

Benjamin Dietrich, head of global bonds at Lazard, believes that US Treasury bonds are currently attractive due to their low popularity and high yields. He thinks that investors should adopt a contrarian approach and consider buying these bonds, as their real yields are higher than the dividend yields of broad stock indices. Dietrich does not expect US Finance Minister Scott Bessent's interventions to have a lasting impact on the bond market, as it is too large to be controlled against fundamental data.

He also shares his views on the US Federal Reserve's interest rate policy, expecting one more rate hike before a potential pause.