This is an excellent interview with someone who actually knows...

This is an excellent interview with someone who actually knows about the bond market.

Jeffrey Sherman, Chief Investment Officer of DoubleLine Capital, joins Jack to discuss how fixed income markets are handling a slowing economy and the Federal’s Reserve’s withdrawal of monetary accommodation. Sherman breaks down how bond values over 2022 have dropped as credit spreads have widened and interest rates have risen. Sherman shares his outlook on the corporate bonds, collateralized loan obligations (CLOs), and mortgage-backed securities (MBS). Sherman is circumspect after a strong two-month rally but thinks at this stage there is value to be found in agency & non-agency MBS as well as long-duration Treasury bonds. Filmed on August 10, 2022.

The TLDR version... it is the availability of money which will determine where markets go... this video explains a lot about how that works...