Bond Yields Have Likely Peaked, Schwab's Jones Says

The transcript discusses the likelihood of a market cycle peak and the potential for yield curve inversion due to Federal Reserve rate hikes. It highlights the risks of prolonged rate hikes, including market and economic accidents, and notes the increase in bankruptcy filings among small and private companies. Concerns about the private credit market and potential credit crunch are also addressed.

What risks are associated with the Federal Reserve holding rates for an extended period?

What indicators suggest a potential credit crunch or deterioration in high yield markets?