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Fixed Income Bonds - Is That Really What You Want to Explain?
Foss: Fixed income is a large pool of capital, ten times the size of equities. It's not just simple treasuries or foreign debt; you really have to dig into every single bond and understand what it is that you'r buying. There are covenats, both restrictive and nonrestrictive. You can get into some really interesting structures through fixed income. And we're kind of going off on a tangit here, but i know that there's a lot of intricacies to the bond market.