Tom Graff is a fixed income strategist for Brown Advisory, an independent investment advisory firm in Baltimore, Md. Graff is also the manager of the Brown Advisory Tactical Bond Fund (BATBX), a long/short fixed income fund.
Prior to joining Brown, Graff was a managing director and taxable fixed-income trader for Cavanaugh Capital Management in Baltimore. Graff earned a CFA charter in 2002.
The opinions expressed here are Graff's own and in no way the statements of Brown Advisory, and may or may not reflect the strategies being pursued for clients of Brown Advisory.
Graff welcomes your questions and can be reached at firstname.lastname@example.org.
In reality, bonds are looking at the Fed.
Consumer spending is on the mend, but interest rates won't climb until businesses start to follow suit.
Despite huge U.S. debts, not only do bond-buyers continue lining up; they also aren’t getting enough.
Bernanke states the obvious; relax on the France downgrade; and more. Plus, the best values in bonds.
Here's how to invest in municipal bonds despite all of the uncertainty.
As I see it, there are four possibilities here -- with a widely varying chance of downgrade among them.
Traders often price in low-probability, high-impact outcomes, then unwind their trades.
For one thing, I have no idea how anyone could treat this event as a high-conviction idea.
I really like the six-to-seven-year part of the curve.