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After years of scarcity, the meteoric rise in rates has made bonds attractive again. Rate products are complex mathematical objects to understand, and the market is still opaque. To talk about it, we welcomed Thomas Veit, bond manager at Spirit AM. He invests in this market every day and knows it by heart. Spirit is an independent manager (€1.6 billion under management) specializing in rates, based in Luxembourg and who shares Finary's values: transparency, low fees and tailor-made. Summary: 00:00 - Introduction 01:30 - What is a bond? 03:39 - Factors that influence the price of a bond 06:25 - The impact of rating agencies on bonds 08:03 - What are the current yields on the bond market? 10:44 - What is duration? The importance of active management 14:00 - Hedger on the duration factor (protection against rising rates) 15:58 - How does the ECB manage key rates and inflation? 19:28 - What future movement for key rates? 20:23 - What strategy to implement? 24:32 - Its bond purchasing strategy 26:45 - What overall portfolio allocation with bonds? (investor 30-35 years old) 27:35 - Active management VS Passive management for bond investors 32:20 - What is the risk on the bond market? 37:57 - Why does the euro fund pay less than the market? 41:13 - What envelope and products to use to gain exposure to bonds? 44:10 - Investing your corporate cash in bonds 45:45 - How the fund is paid 46:16 - His opinion on green bonds 48:58 - How Thomas manages his assets ???? Discover Finary: https://cutt.ly/fwssNvUf ➕ Live the full Finary experience by benefiting from a 20% discount on Finary Plus with the code FINARYTALK23 ???? Join the community: https://cutt.ly/sPBAac4 ????️ Finary Talk podcast: https://podcasters.spotify.com/pod/sh... Stay connected: Twitter ???? / finaryhq Linkedin ???? / finaryhq Instagram ???? / finaryhq TikTok ???? / finaryhq