There is no shortage of negative headlines, but Lucy Johns, CFA, a vice president at Dodge & Cox, is optimistic about global bonds. In this episode, she explains why she believes investors can find real positive yield and have an edge through security selection, being benchmark agnostic, and managing currency exposure.

The Take 15 Series is a collection of illuminating, short conversations with noted economists, best-selling authors, leading researchers, and successful practitioners on topics ranging from geopolitics and whistleblowing to irrationality and outlooks.