iShares : A Bond’s-Eye View of the Fiscal Cliff
Posted on November 09, 2012 at 09:40 AM EST
Uncertainty reigns in the fixed income market, and, surprisingly, it has little to do with the direction of interest rates. The Fed, with its third round of quantitative easing, has telegraphed its intention to keep short-term interest rates near zero through mid-2015. At the same time, the QE...