Rising Rates! Why the Heck Do We Own Bonds?

Alex Browning and Adam Lozinski analyze how investment-grade bonds can fit into nonprofit portfolios.

The Rise of BBBs: To Worry or Not to Worry?

Over the last year or so, the growth of BBB-rated debt as a percentage of the overall investment-grade corporate bond market has sparked significant debate among investors. The key issue: the implications to the fixed income market should bonds at the lowest rung of the investment-grade ladder be downgraded. Background: There are two distinct sections of […]