The Bureau of Economic Analysis released an estimate of fourth quarter growth yesterday.
http://www.bea.gov/newsreleases/national/gdp/2013/pdf/gdp4q12_adv_fax.pdfThe number was negative.
Negative growth has frightened fixed-income investors. They are moving back into higher quality securities. Treasury prices are increasing, the curve is flatter, and quality spreads are wider.
It may be time to reduce risk in your portfolio.
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Published on January 31, 2013 13:18