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

Look at wage gains for a view of how much the Fed will hike rates.
Sudden moves are typical of the end of a credit expansion cycle.
Why the rate indicated by 'r*' can have a big impact.
Details of the bank's October meeting can tell us about rate hikes.

Pricing Power vs. a Rate Hike Real Money Pro($)

Low inflation suggests Fed won't act, but plan for an increase just in case.
In 2015, only 9 companies have been able to come to market with debt yielding 12% or more.
It's almost sure the Fed will hike, so here's what to look at.
The U.S. labor market looks mostly good, but FOMC could want more.
We don't know what information Fed governors are using to make rate hike decisions, so be cautious.
But will the central bank pull the trigger in December?


News Breaks

Powered by


Except as otherwise indicated, quotes are delayed. Quotes delayed at least 20 minutes for all exchanges. Market Data provided by Interactive Data. Company fundamental data provided by Morningstar. Earnings and ratings provided by Zacks. Mutual fund data provided by Valueline. ETF data provided by Lipper. Powered and implemented by Interactive Data Managed Solutions.

TheStreet Ratings updates stock ratings daily. However, if no rating change occurs, the data on this page does not update. The data does update after 90 days if no rating change occurs within that time period.

IDC calculates the Market Cap for the basic symbol to include common shares only. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month.