Archive for November, 2010

November 2010

November 30, 2010  |   Monthly Commentary   |     |   0 Comment

Fixed Income Market Recap November could be characterized as a month in which old news, thought to be resolved and impotent, reemerged to the detriment of the capital markets. With attention focused on the Federal Reserve and its well broadcast plan to reduce rates through a second round of quantitative easing (QE2), investors had positioned their portfolios for a continued fall in rates. When the anticipated rate decline failed to materialize, traders were quick to shed ...