HIX - Would You Lend To This Man?
By Andrew Mulliner, CFA, Ryan Myerberg
Portfolio Managers Andrew Mulliner and Ryan Myerberg take a candid look at escalating U.S. debt and the implications for bond investors.
It's All about Lifting Weights
We are not really talking about lending directly to Uncle Sam here, but the sheer size of the U.S.economy (25% of world gross domestic product, or GDP) and the history of the U.S.dollar as a reserve currency means the U.S. bond market is the largest and most liquid in the world. It also dominates bond indices, which by their rules-based construction are weighted