Below is a synopsis of this investment report:
- The media has devoted a great deal of attention towards the government shutdown and debt ceiling debates this week, as well as a possible default by the U.S. government on its debt.
- Whereas we feel that the government shutdown is immaterial, the debt ceiling issue is a more serious situation as even a threat of default will cause long-term interest rates to rise.
- Although we believe that the odds of a default are extremely low, we are taking steps to shield our income portfolios from the negative effects of rising interest rates.
For full access to the investment report titled “Debt Ceiling Implications”, please contact us.