Peter Tchir, fixed income expert and panelist on the TheStreet's lastest Trading Strategies roundtable said he is very cautious heading into the second half of the year as central banks change their tone and yields set higher. "Some of these systematic issues built up in how things are traded might come home to roost in the second half," Tchir said.

Watch more clips from July's Trading Strategies: How to Play a Risky Second Half:

This article was written by a staff member of TheStreet.