Tom Graff is a fixed income strategist for Brown Advisory, an independent investment advisory firm in Baltimore, Md. Graff is also the manager of the Brown Advisory Tactical Bond Fund (BATBX), a long/short fixed income fund.Expand

Prior to joining Brown, Graff was a managing director and taxable fixed-income trader for Cavanaugh Capital Management in Baltimore. Graff earned a CFA charter in 2002.

The opinions expressed here are Graff's own and in no way the statements of Brown Advisory, and may or may not reflect the strategies being pursued for clients of Brown Advisory.

Graff welcomes your questions and can be reached at

I Remain Long Risk Real Money Pro($)

The junk bond market is still strong.

Yellen's Worries Are Misplaced Real Money Pro($)

Low volatility is what is really concerning over the long term.

Yellen's Words vs. Reality Real Money Pro($)

Because interpreting the Fed is tricky.

Rates Are Going Lower Real Money Pro($)

That's how "fails" in the repo market are usually solved.

Puerto Rico's Bond Woes Grow Real Money Pro($)

It's dicey, but not hopeless.
We could see a hike if the current pace is sustained.

Puerto Rico's Bond Blowback Real Money Pro($)

Puerto Rico's actions will likely cement the legalistic view of how municipal debt is treated.
More data on inflation are needed, but it's likely the Fed will raise interest rates.

How to Approach Bonds Now Real Money Pro($)

It's time to sell your ETFs and start thinking about bonds. 

Your Revised Fed Scorecard Real Money Pro($)

Here's where FOMC members likely want interest rates to be in 2015 and 2016.

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