PT Asset Management CEO Sean Dranfield talked with Proactive's Stephen Gunnion about the current bond market environment, highlighting why he believes conditions are increasingly attractive for investors despite geopolitical uncertainty and shifting rate expectations. Dranfield explained that recent geopolitical events, including tensions involving Iran, have had a surprisingly muted impact on bond markets. He noted that both interest rates and credit spreads have seen only modest movement, reinforcing the difficulty of predicting market direction. He said this underscores the importance of focusing on fundamentals rather than forecasts. A key theme of the discussion was the opportunity at the long end of the yield curve. Dranfield pointed out that steep yield curves and higher starting yields are creating compelling return potential. He explained that even a modest decline in rates could generate strong returns, stating that investors can benefit from both income and price appre...