Fixed Income Management

Our fixed income strategies rely heavily on our global economic and business cycle analyses as bond prices, like stock prices, are heavily influenced by the global economy.  From these analyses, we can determine the optimal mix of duration and credit quality for the needs of our clients.

Our fixed income style is best labeled as interest rate anticipation based on expected future changes to the U.S. Treasury yield curve. Within each maturity sector, we use quality spread analysis to determine whether a specific security is rich or cheap relative to a comparable maturity, U.S. Treasury security.

Obligations used are U.S. Treasury Bills, Notes, and Bonds; U.S. Agency Notes, Bonds; Mortgage-Backed Securities(MBS); Bank Certificates of Deposits(CDs); Commercial Paper; Corporate Notes and Bonds; Taxable and Tax-free Municipal Notes and Bonds, and the like.