Asset Classes

Bonds

Fixed Income (Bonds) are an interest paying promise to pay money

More About Fixed Income

Terms

Leveraged Loan
Interest Rate

Mentioned by the Following

Asset Classes

General Obligation Bond

Entities

Homer & Company
Oxford Lane Capital Group
Pacific Investment Management Company, LLC
Oaktree Capital Management
TCW Group
Charles Schwab Corporation

Events

1946 to 1981 Bond Bear Market
Taper Tantrum

EntityTypes

Ratings Agency

People

Jim Grant
Alan Greenspan
Mark Carney
Bill Gross
Charles Sizemore
Jeff Gundlach
Evan Lorenz
Harley Bassman
Martin Fridson
Edward McQuarrie
Richard Lehmann
Asoka Woehrmann
Frank Fabozzi
Austin Root
Greg Diamond
Alan Gula
Crista Huff
Jordan Kotick
Neil George
Kelley Wright
Bob Lang
Jared Dillian

Publications

Grant's Interest Rate Observer
Inside The Yield Book
Peak Income
The Handbook of Fixed Income Securities
Marketimer

Strategies

Asset Allocation

Terms

Interest Rate
Collateralized Loan Obligation
Tranche
Modified Duration
Debt Financing
Reinvestment

Wisdom

Credit Is an Opinion in itself - there is little distinction between sentiment and credit risk

  1. Creditworthiness of the borrower
  2. The rate of interest
  3. The quality of the money (currency / inflation risk)

Common Fixed Income Traps

  • Examine the creditworthiness of the borrower before looking at the interest rate.¬† A high interest rate may lure you in, but may result in losing your money if the borrower is not creditworthy


Bond Markets Are Big