However, over the last few quarters, the Fixed Income Markets revenues for Citigroup has been falling.
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Citi and Bank of America reported similar weakness in fixed-income markets activity, with fixed-income markets revenue down 9% and 6%, respectively.
This means that for investors seeking income-oriented opportunities with daily liquidity, a well discriminated, quality high yield portfolio remains one of the most attractive investments across all fixed income markets.
Subprime mortgage lenders weighed most heavily on the stock and bond markets as their businesses started to unravel earlier this year, and the fixed income markets all but froze up.
This shall contribute to a rise in Equity and Fixed Income Markets at the expense of decline in the proportion of Bank Credit in the total Debt Markets in the economies.
We expect SIRI to utilize FCF and an under-levered balance sheet (in accommodative fixed income markets) to aggressively repurchase shares, shrinking share count by 20% through 2015 and 45% over the next ten years.
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In the current negative real interest rate environment, these large cap stocks will be big beneficiaries as investors seek out secure, growing dividend yields, something that fixed income markets will not be able to provide.
But the case commands a great deal of attention because it would transform the country's fixed income markets if the Court determines out-of-state bond holders should get refunds for the interest they've paid on these investments.
But when the credit crisis erupted in August, investors fled the fixed-income markets.
Some have called on the Fed to do more to ease the credit crunch and restore the fixed-income markets to normal.
"November was absolutely the worst month ever on record for the fixed-income markets, " said Lehman Brothers Chief Financial Officer Erin Callan last week.
They know that if they are going to spend money and raise equity, or go to the fixed-income markets to finance it, it better be accretive.
Bear is more exposed than its peers to a slowdown in fixed-income markets but its shares are now trading at an invitingly small premium to book value.
They not only indicate the degree of forex intervention in China, but also the size of Chinese official investments in fixed-income markets overseas, most notably into U.S. Treasurys.
But Paulson and other banking regulators sat tight until the subprime mortgage market imploded in the summer, bringing down with it a few hedge funds and, more significant, putting a virtual freeze on the fixed-income markets.
Most fearful of all are the fixed-income markets, which have started to react positively to good news, and negatively to bad news (the opposite of their usual behaviour), perhaps because good news reduces the chance of more Fed cuts.
" Offit, with decades of experience in fixed-income markets, believes "the Fed cutting the Fed funds rate may have inconsequential value other than signaling investors that it is concerned about maintaining economic stability in the face of an eroding housing market.
He founded Benchmark Solutions in 2009 to provide a similar level of price transparency in the fixed income and derivatives markets as is available in the equities markets.
In other words, when investment banks had ample capital prior to the financial crisis in 2008, part of their role was to function as a facilitator of fixed income and equity markets, buying securities with their own capital as prices fell and selling securities with their own capital as prices rose.
"I think Wednesday we don't have a choice, " particularly if fixed-income and currency markets are open.
The DoubleLine Emerging Markets Fixed Income Fund is LB Rated and you can find our report here.
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The emerging markets fixed income product line is likely to triple or even quadruple in size by the end of the current decade.
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For Tony Volpon, a managing director in charge of emerging markets fixed income in the Americas over at Nomura Securities in New York, there are distinct factors changing the demand and supply of labor in the direction of tighter conditions.
Well, the fixed-income sector and muni markets rallied some 10% these past months.
Next, we examined how a few of our fixed income managers performed across all markets in the past five years.
Leaving the one-off gains aside, Bank of America's income from mortgages and income from trading in the fixed income, currency and commodities markets were both lower.
Yet, all of these are symptoms of the current deficiencies of economic policy, says Tony Volpon, a Brazilian and the head of Emerging Markets Americas fixed income strategy at Nomura Securities overlooking the Hudson River here in New York.
British-based funds, meanwhile, were more likely to trade in emerging markets and fixed-income.
Fixed-income investors seemed most comfortable during uncertain markets as they fled equities in search of safer refuge.
So some of the areas that look attractive, even if you have a really long time horizon, could be emerging markets, equities, and fixed income.
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