The purpose of this article is to introduce The Five Roles of Fixed Income and the part fixed income securities can play in an investor’s portfolio. Implicit in this approach is our belief that if roles aren’t clearly defined, then the probability of successfully meeting investment goals is greatly reduced. We strongly believe that such a framework for analyzing fixed income exposure is especially crucial at present given the current elevated levels of global economic, financial, political, regulatory, and inflation risk. - (June 2010)

The recent flood of stimulus money and liquidity into the global economy has brought about an increased fear of inflation. We believe TIPS can play an important role in an investor’s portfolio and have prepared this overview of TIPS to help Advisors better understand the mechanics and nuances of TIPS securities. - (January 2010)

Bond Type Curves^™ are an innovative solution designed to provide a quantifiable and transparent approach to municipal bond price discovery. For the first time, market participants can use an empirically-derived, transparently-constructed municipal bond yield curve with defined inputs and a consistent methodology. - (May 2009)

The American Recovery and Reinvestment Act of 2009

In this paper we examine the provisions contained in the American Recovery and Reinvestment Act of 2009 that affect the municipal bond market and attempt to draw conclusions about the possible ramifications for market participants. - (February 2009)