Deterioration on Aggregate: An Analysis of the U.S. Fixed Income Market
"Given the current environment, investors may want to take a close, hard look at the risks associated with the fixed income component of their portfolios. Recent evidence suggests that, on aggregate, the underlying fundamentals of fixed income investments throughout the economy have become riskier. The average duration of fixed income investments has increased substantially, while investor demand for lower quality securities appears to have increased..."
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