Macro & Volatility™ #23: Bonds are Losing their Diversification Benefits

Macro & Volatility™ #23: Bonds are Losing their Diversification Benefits

From Macro & Volatility™ by Josh Silva and Michael Purves

August 28, 2025 · 20 min · Episode 23

About this episode

The episode discusses the diminishing diversification benefits of bonds in the current market environment.

• Surprise — no surprises • Front end is clear • Back end is lost

People in this episode

Hosts: Josh Silva, Michael Purves

Topics covered

  • bonds
  • diversification
  • investing
  • macro economics
  • volatility

Keywords

  • bonds
  • diversification benefits
  • macro
  • volatility
  • investing

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