Mixed Picture for Fixed Income

IMD FIXED INCOME SPECIAL REPORT

By Richard J. Peterson, chief market strategist, Thomson Financial

2003 has already established itself as one of the top years for a variety of security classes in terms of underwriting. From high-yield debt to convertible offerings, many security classes have posted strong showings this year based on the number of deals, proceeds raised, bookrunner participation and tranches placed globally.

Additionally, the heightened volatility in interest rates of late has been a windfall for many tradin

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