Duration Remains Unattractive, Says Veteran High Yield Bond Investor
Forward Guidance
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Investment Strategy in the Short Duration Fixed Income Market
This chapter discusses the speakers' preferences and outlook on the short duration fixed income market, including high yield bonds and investment grade bonds. They emphasize the importance of finding the most attractive part of the market and playing it in the least risky way to protect against downside. They also discuss their strategy of focusing on shorter maturity paper to eliminate spread risk and perform well in a rising rate environment.
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