Pensions and other post-retirement benefits will continue to be a growing concern for municipal governments and muni investors for years to come, says Morningstar municipal credit analyst Rachel Barkley.
Inflows to fixed-income products continued in November on account of market-volatility worries, while equity outflows this year could surpass 2008 levels.
FPA's Tom Atteberry says interest rates are at unsustainable levels and offers his strategies and opportunities for managing a portfolio in an uncertain bond market.