FROM: Lisa Sorani, Manager of HR Employee Services LS -
FROM: Lisa Sorani, Manager of HR Employee Services LS -
FROM: Lisa Sorani, Manager of HR Employee Services LS -
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LOOKING FORWARD: INTRODUCTION<br />
r<br />
• With Fixed Income exhibiting such pronounced asymmetry between risk and reward we must<br />
look ahead to how the current interest rate environment might unfold<br />
• While accurately forecasting the future <strong>of</strong> the economy and financial markets is <strong>of</strong>ten an<br />
exercise in futility we can gain some insight into the broad themes that may play out<br />
• Unfortunately there are relatively few positive scenarios for investing in Fixed Income at the<br />
current level <strong>of</strong> interest rates<br />
o<br />
While there are many scenarios that can produce markedly negative outcomes<br />
• WARNING: The following slides regrettably must divert slightly into Monetary and Fiscal<br />
Policy to get a full picture <strong>of</strong> what may lie ahead<br />
Pension Consulting Alliance, Inc. ││ EBMUD Fixed Income Discussion │ 15