U.S. Treasury yield curve

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.  [...]

Books for your reading list

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 bond [...]

May 2010 edition is available online

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**