(Michael Farr) - We typically focus our market commentaries on discussions of topics that impact the equity markets. However, Farr, Miller & Washington also manages bond and balanced portfolios for its clients. A couple of things have happened over the past 2 years that have transformed the once boring fixed income market into something a bit more interesting. Today's blast will focus primarily on big changes that have occurred in the municipal bond market and how Farr, Miller & Washington is taking advantage, on a very selective basis, of these dislocations when building conservative bond portfolios.
Read the rest of this entry »