2007 Q4 Fixed Income Funds Review

Published on 31 Dec 2007 by Jeff Tjornehoj

As 2007 wound down it was increasingly clear that strains the credit markets would not find relief anytime soon. The subprime mortgage mess, which gave way to weakened housing conditions (although that begs for a “chicken or the egg” comparison) played a large part in the Fed’s decision to cut the Fed Funds rate a full one percentage point in three months to 4.25%

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