◀ The Principal Blog

Fixed Income Liquidity Concerns? You Bet – You Can’t Sit the Fence Given the “Money in Motion”

The effect of shrinking investment banks’ balance sheet on the liquidity of U.S. fixed income markets has been broadly discussed for the past several years. Events such as the high yield outflow this past July and August has been one of the main reasons why the Federal Reserve (Fed) has tossed…

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Bill Gross Departure from PIMCO – The Transformation of Traditional Fixed Income Investing

In the financial sector, sometimes you wake up one morning and realize that things are different now. For example, in 1998 the risky trades of the giant hedge fund Long-Term Capital Management (LTCM) pushed the firm to the brink of bankruptcy and the Federal Reserve (Fed) took steps to bail it out…

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