Good day, and welcome to the Gold Fields Q4 Results Conference. All participants are now in listen-only mode. There will be an opportunity for you to ask questions after today's presentation. Please also note that this conference is being recorded. I
With yield spreads back to pre-crisis levels, there is less room for error in the high-yield market today, says Morningstar director of fixed-income research Eric Jacobson.
Morningstar associate director of fund analysis Miriam Sjoblom explains what drove municipal bonds' great performance in 2011 and what issues may lie ahead for muni investors.