Schwab CEO: Investor Interest in Fixed Income at Record High

The signal here is less about fixed income itself than about where retail attention is flowing, and Schwab's vantage point makes the remark worth noting even without figures. If demand for yield-bearing instruments is genuinely at a record, that is a competitive backdrop for tokenized treasury and RWA products, which pitch similar yield with different plumbing. Whether that interest reflects a durable allocation shift or a rate-driven parking spot is the open question.