The May 2012 edition of the Brinker Fixed Income Advisor investment letter is now available for subscriber access at http://BrinkerAdvisor.com
Filed under: General, Investment Letter
Posted on May 2nd, 2012 by Bob Brinker
The April 2012 edition of the Brinker Fixed Income Advisor investment letter is now available for subscriber access at http://BrinkerAdvisor.com
Filed under: General, Investment Letter
Posted on April 1st, 2012 by Bob Brinker
The March 2012 edition of the Brinker Fixed Income Advisor is now for subscriber access available at http://BrinkerAdvisor.com
Filed under: General, Investment Letter
Posted on March 1st, 2012 by Bob Brinker
On February 15th we updated our municipal bond calendar with more than 700 new muni auctions representing close to $20 billion in total issuance. These auctions are spread over 49 states and include the following:
$1 billion – Government Development Bank for Puerto Rico
$1 billion – Puerto Rico Aqueduct and Sewer Authority
$838 million – Dormitory Authority of the State of New York
$800 million – City of New York
$385 million – State of Tennessee
$365 million – State of Washington
Filed under: General, Municipal Bonds
Posted on February 15th, 2012 by Bob Brinker
The February 2012 edition of the Brinker Fixed Income Advisor is now for subscriber access available at http://BrinkerAdvisor.com
Filed under: General, Investment Letter
Posted on February 1st, 2012 by Bob Brinker
This evening (Jan 17th) we updated our online Municipal Bond Auction Calendar with more than 600 upcoming auctions. These deals include more than $12.6 billion in auctions spread over 43 different states. The largest offerings are from the State of Illinois, Port Authority of New York and New Jersey, and the State of Colorado.
Filed under: General, Municipal Bonds
Posted on January 17th, 2012 by Bob Brinker
The January 2012 edition of the Brinker Fixed Income Advisor is now for subscriber access available at http://BrinkerAdvisor.com
Filed under: General, Investment Letter
Posted on January 1st, 2012 by Bob Brinker
The Brinker Fixed Income Advisor was named among the top performing investment letters over the past 5 years in the December 2011 Hulbert Financial Digest. Our Model Portfolio performance in 2011 was helped by our decision in May to reduce our exposure to convertible bonds and high yield bonds and reinvest the proceeds in the DoubleLine Total Return bond fund. Our Tax-Exempt portfolio rebounded smartly from the late-2010 municipal bond selloff and posted strong returns in 2011.
The following table lists the one, two, three, and five year total return for each of our Model Portfolios through December 31, 2011. The five-year compound annual growth rate (CAGR) is also provided for each portfolio.
Aggressive Moderate Conservative Tax- Portfolio Portfolio Portfolio Exempt ------------------------------------------------------------------------ 5-years + 30.0% + 31.8% + 31.6% + 25.0% 3-years + 56.3% + 38.9% + 29.8% + 24.9% 2-years + 17.7% + 15.8% + 13.9% + 10.8% 1-year + 4.0% + 5.7% + 5.0% + 8.5% CAGR(5yr) + 5.4% + 5.7% + 5.7% + 4.6%
Note: Model Portfolio total returns through December 31, 2011. Past performance is not a guarantee of future results. CAGR = Compound Annual Growth Rate for 5 year period through 12/31/2011.
Filed under: Federal Reserve, Investment Letter
Posted on January 1st, 2012 by Bob Brinker
The December 2011 edition of the Brinker Fixed Income Advisor is now for subscriber access available at http://BrinkerAdvisor.com
Filed under: General, Investment Letter
Posted on December 1st, 2011 by Bob Brinker
as of 10:45a eastern:
Indicator – value (chg)
————————————————–
TED Spread — 53 (+2)
LIBOR-OIS — 53 (-19)
USD 2yr Swap Spread — 39 (-14)
US Inv Grd Baa/10yr UST Spread — 313 (+1)
EUROZONE:
———————–
German 10yr note — 2.29% (-2)
France 10yr note — 3.40% (-18)
Italy 10yr note — 7.06% (-14)
Spanish 10yr note — 6.28% (-29)
Filed under: General
Posted on November 30th, 2011 by Bob Brinker
as of 11:20a eastern:
Indicator – value (chg)
————————————————–
TED Spread — 51 (+1)
LIBOR-OIS — 72 (-2)
USD 2yr Swap Spread — 53 (-1)
US Inv Grd Baa/10yr UST Spread — 312 (-4)
EUROZONE:
———————–
German 10yr note — 2.31% (+4)
France 10yr note — 3.58% (-12)
Italy 10yr note — 7.20% (-10)
Spanish 10yr note — 6.57% (-14)
Ireland 10yr note — 8.21% (0)
Filed under: General
Posted on November 28th, 2011 by Bob Brinker
as of 10:40a eastern:
Indicator – value (chg)
————————————————–
TED Spread — 50 (+1)
LIBOR-OIS — 74 (0)
USD 2yr Swap Spread — 54 (0)
US Inv Grd Baa/10yr UST Spread — 316 (-2)
EUROZONE:
———————–
German 10yr note — 2.27% (+7)
France 10yr note — 3.70% (-2)
Italy 10yr note — 7.30% (+19)
Spanish 10yr note — 6.71% (+8)
Ireland 10yr note — 8.21% (0)
Filed under: Federal Reserve
Posted on November 25th, 2011 by Bob Brinker
as of 11:35a eastern:
Indicator – value (chg)
————————————————–
TED Spread — 49 (0)
LIBOR-OIS — 74 (+2)
USD 2yr Swap Spread — 54 (+2)
US Inv Grd Baa/10yr UST Spread — 318 (+2)
EUROZONE:
———————–
Italy 10yr note — 6.96% (+14)
Spanish 10yr note — 6.65% (+5)
German 10yr note — 2.14% (+21)
Ireland 10yr note — 8.21% (+47)
Filed under: General
Posted on November 23rd, 2011 by Bob Brinker
as of 11:45a eastern:
Indicator – value (chg)
————————————————–
TED Spread — 49 (0)
LIBOR-OIS — 72 (-1)
USD 2yr Swap Spread — 52 (0)
US Inv Grd Baa/10yr UST Spread — 316 (-3)
Italy 10yr note — 6.82% (+16)
Spanish 10yr note — 6.60% (+5)
Filed under: General
Posted on November 22nd, 2011 by Bob Brinker
as of 11:30a eastern time (chg):
TED Spread — 49 (0)
LIBOR-OIS — 73 (+2)
USD 2yr Swap Spread — 52 (+1)
US Inv Grd Baa/10yr UST Spread — 319 (+8)
Italy 10yr note — 6.66% (-1)
Spanish 10yr note — 6.55% (-21)
Filed under: General
Posted on November 21st, 2011 by Bob Brinker
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