US Treasury yields (^TYX, ^TNX, ^FVX) are rising Wednesday morning as the bond market prices in a 50-basis-point cut from the Federal Reserve's interest rate decision today.

TCW's Fixed Income Group generalist portfolio manager Ruben Hovhannisyan sits down with Brad Smith and Madison Mills on Catalysts to talk more about the central bank's long-term rate cutting strategy.

"The super restrictive monetary policy that we currently are in is not... helping the economic growth. Obviously, the Fed is not going to do more than 50, but we think... more than 50 would be warranted. And if the Fed does less then that means that the Fed cuts will be larger and faster than the market is pricing in on a go-forward basis," Hovhannisyan tells Yahoo Finance.

While the US economy begins to slow and the Fed juggles its inflation-labor market dual mandate, Hovhannisyan finds there to be "some forward-looking indicators of labor market weakness that have been flashing at least yellow or orange for a long time." Hovhannisyan references the U-6 Total unemployment rate — which includes parts of the US labor force that is unemployed, underemployed, or marginally attached to the workforce — which currently sits at 8.0%.

For more expert insight and the latest market action, click here to watch this full episode of Catalysts.

This post was written by Luke Carberry Mogan.