Tuesday, February 5, 2013

"UBS Set to Classify Bond-Buying Clients as 'Aggressive' Investors"

Where angels fear to tread and all that.

From Fox Business:
UBS is planning a mass mailing to many of its brokerage clients alerting them that they have been reclassified as “aggressive” investors following a recent change in its market outlook that some people inside the firm say reflects growing bearishness in the bond market, particularly over the long term, the FOX Business Network has learned.... MORE