From investing his paper route money in term deposits when he was nine years old, to racing the two kilometres from one end of Collins Street to the other to submit a handwritten RBA bond tender, to running a market-beating Enhanced Income Fund for more than 20 years, Yarra Capital Management’s Roy Keenan has seen it all in his 40 years in fixed income.

Roy catches up with Chris Conway from Livewire Markets for The Rules of Investing podcast, explaining why he thinks rate cuts are coming, equities remain full, and detailing the biggest risk to markets today.