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	<title>FixedIncomeAdvisor.com - Brinker Fixed Income Advisor - Bob Brinker</title>
	<link>http://www.fixedincomeadvisor.com</link>
	<description>Your online source for fixed income information.</description>
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		<title>September 2010 edition available online</title>
		<description><![CDATA[The September 2010 edition of the Brinker Fixed Income Advisor is now available online for subscriber access.
For the 1-Year period through 8/31/2010, our Model Portfolios have returned:
Aggressive Portfolio: + 12.1%
Moderate Portfolio: + 10.1%
Conservative Portfolio: + 9.4%
Tax-Exempt Portfolio: + 8.9%
]]></description>
		<link>http://www.fixedincomeadvisor.com/?p=422</link>
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		<title>Municipal Bond calendar updates</title>
		<description><![CDATA[This morning we updated our list of upcoming municipal bond auctions. We have more than 900 municipal bond offerings totaling $36.3 billion spread over 46 states. These upcoming deals include:
$7.8 billion by the State of Texas
$2.25 billion by the State of New Jersey
$900 million in NYC
$850 million by the Commonwealth of Massachusetts
$635 million by the [...]]]></description>
		<link>http://www.fixedincomeadvisor.com/?p=421</link>
			</item>
	<item>
		<title>August 2010 edition online</title>
		<description><![CDATA[The August 2010 edition of the Brinker Fixed Income Advisor is now available online for subscriber access.
For the 1-Year period through 7/31/2010, our Model Portfolios have returned:
Aggressive Portfolio:  + 15.0%
Moderate Portfolio:  + 11.2 %
Conservative Portfolio:  + 9.8%
Tax-Exempt Portfolio:  + 8.4%
]]></description>
		<link>http://www.fixedincomeadvisor.com/?p=419</link>
			</item>
	<item>
		<title>TED Spread update</title>
		<description><![CDATA[The TED Spread measures the difference between the 3 month LIBOR and 3 month T-bill.&#160; The TED Spread is considered ‘normal’ when it is below 50 basis points. Here is a multi-year chart of the TED Spread going back to 2006 (source: Bloomberg)
 
The TED spread increased from the mid-teens to 50 basis points in [...]]]></description>
		<link>http://www.fixedincomeadvisor.com/?p=418</link>
			</item>
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		<title>Double Dip?</title>
		<description><![CDATA[Many investors are convinced a double-dip recession is inevitable. Not me. One of the most reliable forecasters of recessions is the yield curve. A simple way to measure the steepness of the yield curve is to calculate the difference between the 10-year Treasury note and 3-month Treasury bill. Since 1955, there have been 9 recessions [...]]]></description>
		<link>http://www.fixedincomeadvisor.com/?p=415</link>
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		<title>Upcoming Muni Auctions</title>
		<description><![CDATA[On 7/15 we reloaded our database with 781 upcoming municipal bond auctions totaling $21.3 billion in new issues. These include a $900MM offering by the State of Illinois and a $635MM offering by the State of Minnesota. There are upcoming auctions in 49 different states.
Click HERE to Search for municipal bond auctions in your state.
]]></description>
		<link>http://www.fixedincomeadvisor.com/?p=411</link>
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	<item>
		<title>The Greatest Trade Ever</title>
		<description><![CDATA[Over the weekend I read Gregory Zuckerman’s The Greatest Trade Ever. The book details the story of John Paulson’s gutsy, ingenious (at the time) trade against the housing debt bubble. Paulson and co-manager Paolo Pellegrini not only identified the correlations between home price appreciation and mortgage defaults, but more importantly identified a way to manufacture [...]]]></description>
		<link>http://www.fixedincomeadvisor.com/?p=409</link>
			</item>
	<item>
		<title>July 2010 BFIA edition now available online</title>
		<description><![CDATA[The July 2010 edition of the Brinker Fixed Income Advisor is available for subscriber download at www.BrinkerAdvisor.com
1-Year Model Portfolio Performance
Aggressive Portfolio    + 16.5%
Moderate Portfolio      + 11.8%
Conservative Portfolio + 9.9%
Tax-Exempt Portfolio   + 8.7%
**1-year portfolio returns through 6/30/2010
]]></description>
		<link>http://www.fixedincomeadvisor.com/?p=404</link>
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	<item>
		<title>June 2010 edition available online</title>
		<description><![CDATA[The June 2010 edition of the Brinker Fixed Income Advisor is available for subscriber download at www.BrinkerAdvisor.com
]]></description>
		<link>http://www.fixedincomeadvisor.com/?p=401</link>
			</item>
	<item>
		<title>U.S. Treasury yield curve</title>
		<description><![CDATA[Look at how little rates have changed on the U.S. Treasury yield curve over the past year:
The 30-yr bond yield closed at 4.35 today and the 3-mo bill closed at 0.16 leaving us with a curve that is 419 basis points steep. The 10-year (3.47) minus the 2-year (0.81) is 266 basis points steep.&#160; It [...]]]></description>
		<link>http://www.fixedincomeadvisor.com/?p=400</link>
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		<title>Books for your reading list</title>
		<description><![CDATA[ I recently completed two books worth mentioning. Confidence Game details the six-year battle between hedge fund manager Bill Ackman, of Pershing Square Capital Management, and monoline bond insurer MBIA. Bloomberg News reporter Christine Richard tells a gripping tale of perseverance of a short-seller against MBIA’s questionable accounting and excessive risk taking. It details the [...]]]></description>
		<link>http://www.fixedincomeadvisor.com/?p=396</link>
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	<item>
		<title>May 2010 edition is available online</title>
		<description><![CDATA[The May 2010 edition of the Brinker Fixed Income Advisor is online at www.BrinkerAdvisor.com
Our 1-Year Model Portfolio total returns through 4/30/2010:   Aggressive Portfolio + 30%    Moderate Portfolio + 18%    Conservative Portfolio + 13%    Tax-Exempt Portfolio + 9% **this a tax-exempt return**
]]></description>
		<link>http://www.fixedincomeadvisor.com/?p=393</link>
			</item>
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		<title>Financial Reform thoughts&#8230;</title>
		<description><![CDATA[I have been asked about my thoughts on financial reform so let me put down some thoughts.&#160; First, I was supportive of the bailout efforts in 2008/2009 not because I cared about Wall Street banks, but because a multi-decade economic collapse was going to be bad for everyone. As difficult as it was to ‘save [...]]]></description>
		<link>http://www.fixedincomeadvisor.com/?p=388</link>
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		<title>Updated municipal bond calendar &gt; $20 billion</title>
		<description><![CDATA[Today we updated our searchable online database of upcoming municipal bond auctions. Our database contains more than 700 upcoming new offerings in 47 states totaling more than $20 billion in securities. These include a $1 billion offering from the City of Chicago, a $700 million deal from the State of Illinois, a $592 million offering [...]]]></description>
		<link>http://www.fixedincomeadvisor.com/?p=387</link>
			</item>
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		<title>FOMC Minutes &#8211; bullet points</title>
		<description><![CDATA[ The minutes of the March 16th Federal Open Market Committee (FOMC) meeting were released this afternoon. Below are the highlights:

nearly all of the Fed’s special liquidity programs are closed and there are no market strains
spreads on ABS (asset-backed securities) remains tight
Fed’s balance sheet grew to $2.3 trillion
All maturing agency debt and agency MBS (mortgage-backed [...]]]></description>
		<link>http://www.fixedincomeadvisor.com/?p=386</link>
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