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Taxable Yield Curve Comparison July 1, 2013. Investors should focus on capital protection Fed stands ready to supply more stimulus Intermediate/Long yields are moving higher High oil prices could constrain growth Extend duration as yields move up 10-year yields now above rate of inflation.
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Taxable Yield Curve Comparison July 1, 2013 • Investors should focus on capital protection • Fed stands ready to supply more stimulus • Intermediate/Long yields are moving higher • High oil prices could constrain growth • Extend duration as yields move up • 10-year yields now above rate of inflation Yield Change (BP’S) Basis Points Change in Treasury Yields 100 50 0 -50 +67 +73 +55 +11 No change Source: Bloomberg L.P., Oakwood Capital Management LLC