Walking the Yield Plan: Great Risk Graphic

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Includes: AES, BONT, CIT, DAL, DMDA, DYN, ETFC, F, FL, FSL, GKM, HET, HXN, JPM, MGM, MIK-OLD, SD, TXU
by: Paul Kedrosky

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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