Fixed Income Outlook: Sector by Sector
A few weeks ago, I posted some thoughts on what’s ahead for fixed income in 2014. Here are a few thoughts on specific sectors. You can click here to read our overall outlook for fixed income in 2014.
Tapering, Treasury Rates, and a Series of Steps
On December 18, 2013 the Federal Open Market Committee (FOMC) announced they’d taper their massive bond-buying program by US$10 billion per month beginning in January 2014. While market participants and analysts had long obsessed over if and when taper would begin, market interest rates had…