In fixed-income sales and trading, we did not repeat third quarter's record but 1.6 billion in revenues. But it was a record fourth-quarter total, about 70 above our average fourth-quarter results over the past two years.
Quotes about fixed-income (16 Quotes)
Lehman has been working to work away from fixed-income and build up the equity business. We're seeing a payoff.
Pausing amidst robust data contradicts earlier statements that they are data dependent. If you were someone who was looking for the Fed to protect your fixed-income investment, if they pause and they're wrong, inflation pressures can build in that period.
New auctions will satisfy an unusual coincidence of needs on the supply and demand side of the fixed-income debt markets.
This movement in the bond market is amazing, truly unprecedented. People are starting to sell fixed-income and put that money into stocks. Equity is starting to look like this undervalued dark horse worth betting on.
Our work, when we look out over the next five years, indicates to us that returns from fixed-income investments should be materially better than from U.S. stocks.
We're at an inflection point where the fixed-income markets aren't going to give you the tailwinds you've had in the past. The fixed-income markets have been on an incredible bull run but over a three- to five-year horizon what you've seen is going to rev
Geopolitics ought to be something in the forefront of everyone's minds. The developments in Iran and the sort of related energy issues with Iraq, Venezuela and Nigeria are all areas that need to be paid attention to very closely, with the tone of current events impacting the crude market, which is likely to impact both fixed-income and equity markets.
Many investors have become a lot more sophisticated with their asset allocations. They're not just looking at fixed-income alone. They're looking to put a portion of their assets in high-yield mutual funds.
Our portfolio remains slightly below duration. But then, the entire fixed-income universe has been defensively positioned for months now.
When fixed-income investors conclude that the central bank isn't going to raise rates any time soon, ... there tends to be a convergence of rates.
The most recent news from Florida on first blush seemed to favor Vice President Al Gore and that had a more favorable impact on fixed-income markets as opposed to equity markets,
When you compare our fixed-income business with some of our competitors, there are some gaps. We do see opportunities to invest into people, in some instances into risk.
Bill Gross may have the most fixed-income assets on the planet but his ability to forecast what the Fed may or may not do is not very good,
There's still a tremendous demand for high-yield and fixed-income assets and that's not going to abate anytime soon.
The lesson of the last half decade is the need to manage risk. In my judgment, the investing public is a lot more amenable to owning fixed-income securities now than at any time in the last 15 or 20 years.