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Markets and Valuations

It’s the Discount Rate The current low interest rate environment increases the discounted present value of future cash flows and reduces the return demanded for every investment. In other words, when the Fed funds rate is zero, 6% bonds become disproportionately...

Portfolio Strategy

Fixed Income Strategy: I own a basket of fixed income securities that are publicly traded on the New York Stock Exchange. The securities include Ticker                          Company                                Current Yield AINV                            Apollo...