So much of fixed income investing is about your willingness to walk out the yield plank – how far out, for how much risk? This graphic from Michael Cembalest of JPMorgan makes that point nicely, showing the kinds of risks, both in terms of issuer and duration, you must take right now to get beyond nominal pre-tax income.
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Paul Kedrosky
Dr. Paul Kedrosky maintains a widely-read blog on technology finance at Paul.Kedrosky.com (http://paul.kedrosky.com). Earlier in his career, Dr. Kedrosky founded the technology equity research practice at HSBC James Capel. Dr. Kedrosky was one of the first analysts to cover Internet companies,... More
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