Companies that have borrowed heavily will have a hard time as rates tick up, he says.
Finra panel says firm was liable for breach of contract and unsuitability.
Their long-term record is even worse, according to a report on indexes versus active managers.
In an about-face, investors are favoring stocks over bonds this year.
Rising U.S. deficit and Fed tightening are putting upward pressure on the 10-year yield
Rates on Treasury bills, dollar Libor are at their highest level since 2008
Prices of municipal bonds haven't been this steady since mid-2015.
But on the bright side, the economy would probably muddle through
Treasury bonds' bear market is over and yield curve will continue to flatten, analysts say
Puerto Rican residents charged the firm with fraud and breach of fiduciary duty.
As rates head higher, returns on cash can outpace returns on long-term bonds.
Innovative strategies are needed as investors face the end of the long bull cycle in fixed income.
Benchmark Treasury note is nearing the 3% yield level, which could spark a wave of risk repricing.
Morningstar award winners' low-for-longer view on rates faces big test.
The highest since co-founder Bill Gross quit the firm in Q3 2014.
Advisers should position the products more like fixed income than equities.
Corporate bond funds succumb to rate fears that have gripped stocks and Treasuries
As stock investors fret about rising rates, this week's CPI report could guide the market's next phase.
Tax-exempt money fund assets have grown almost $7 billion so far this year.
Bond chief Hasenstab sees rising interest rates wreaking havoc.
