To many investors (and advisors), the fixed income markets are poorly understood and disturbing. They need not be that way: bonds are more systematic in their response to changing conditions than is the stock market. The bond market responds to two fundamental pressures. First, since bonds are nothing more than loans to companies or governments, the value of a bond fluctuates with changes in the perceived credit quality of the issuer. Secondly, bonds trade in a market with many other bonds the value of which are ultimately affected by current and expected economic conditions.
Golden Sage Research Group produces several newsletters targeted at fixed income investors. We are independent of any broker/dealer, registered investment advisor or issuer. Our revenue comes strictly from our readers. There is no hidden agenda and no incentive to surreptitiously push any investment.
Our focus is on current economic and market conditions and the implications for the fixed income markets.
Golden Sage Research Group is not a registered investment advisor and does not provide investment advice. The information contained in our publications is not intended to constitute individual investment advice and is not designed to meet your personal financial situation.
Lee Olver, CFA
President and Founder