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Is This 2008 All Over Again?

Eric Jacobson explains why 2020 is indeed different.

Editor’s note: Read the latest on how the coronavirus is rattling the markets and what investors can do to navigate it.

Karen Wallace: Hi, I'm Karen Wallace for Morningstar. Sharp losses and volatility in the bond market have a lot of investors wondering if we're living through 2008 all over again. I'm here with Eric Jacobson. He's a senior analyst covering fixed-income strategies on our manager research group with some thoughts on that. Eric, thanks for being here.