Nick Tell, Armory Group co-founder and CEO, joins Wealth! to discuss how investors can best navigate the bond market as yields resume their climb after experience the worst sell-off in six months.

"The duration trade really got ahead of itself with the expectation that the Fed was going to cut a lot quicker than ultimately I think they're going to," Tell explains.

Thus, he advises shifting to floating-rate loans and focusing on credit as he believes the economy will remain stable overall and see slight growth. "Take advantage of where the best yields are. And that's really in the floating rate environment, whether it's in loans, whether it's in private credit, even AAA CLO type financings. There's real opportunities for yield," he tells Yahoo Finance.

Tell adds, "The best thing about yield is it's dollars. You get them up front... it softens the volatility of the market."

Watch the video above to hear what Tell says about playing the bond market around the presidential election.To watch more expert insights and analysis on the latest market action, check out more Wealth here.

This post was written by Melanie Riehl