Although a myriad of finer distinctions must be made, the essence of the sector decision is
the choice between government bonds, whose fixed and reason-ably certain cash flows are …

There are many theories about the causes of changing intermarket spreads--the relative yield
spreads between government bonds and newly issued nongovernment bonds of similar …

The asset allocation decision is perhaps a plan sponsor's most important decision. Within the
scope of that decision, the selection of investment managers and performance bogeys are …

Today, the global economy is on the threshold of upheaval. The US has borne the majority
of the costs associated with the substantial structural change in the global economic …

The Journal of Fixed Income (JFI) provides sophisticated analytical research and case studies
on bond instruments of all types—investment grade, high-yield, municipals, ABS and MBS…

Global fixed income portfolio managers must make complex investment choices amongst the
universe of global fixed income products. In a sense, all global issuers of debt that rely on …

Statistics envelop conclusions with an aura of certainty. However, the output of decision
making is only as good as the input and, for investors, this is a critical truism. This article …

Liquidity is considered to be an important risk factor for corporate bond investors, especially
in an economically stressful environment. We begin this issue of The Journal of Fixed …

The pro-Keynesian mix of US monetary and fiscal policies established following the defeat
of George H. Bush in 1992, and super-charged after the internet-investment bust of 2000 …

… of the Journal of Fixed Income, author Chris Dialynas (of PIMCO) examines credit analysis
and … Dialynas reviews the effects of government intervention on default rates, explores how …