Low-volatility offering to invest in equity, fixed-income and currency futures
Speculative-grade debt now seen as an alternative to equities, says JPMorgan's Shanahan; balance sheets 'in pretty good order'
When credit is priced such that carry is no longer as profitable at a customary amount of leverage/risk, then the system will stall, list, or perhaps even tip over, says Pimco's Gross.
Investors chasing yield are hopping on municipal bonds, which remain cheaper than Treasuries. The question: When will the rush into tax-exempts end?
With life expectancies rising, fixed income investments won't make savings last longer
Lack of action of budget deficit will eventually lead to investor revolt; 'enough is enough'
Well-known PM managing to generate reasonable returns by betting on riskier credits; 'opportunistic approach'
As shown in the chart (above), the yield spread between investment grade AAA and BBB municipal bonds was 214 bps at the end of June.
QE3 not likely to be launched until January — if at all; waiting for the numbers
