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

The recent trend of higher rates and lower stock prices cannot persist.
The recent trend of higher rates and lower stock prices cannot persist.
| Feb 14, 2018
| 10:29 AM EST
I just submitted some longer-form thoughts on inflation and markets to RMP, but here is a quick thought. The b...
| Feb 09, 2018
| 1:16 PM EST
1) Front-end bonds are rallying hard, which classically would suggest the Fed is backing off hikes. Fed funds ...
The fear of interest rate hikes was only the catalyst that blew up the short volatility trade.

There's Zero Panic in Bonds Real Money Pro($)

On Tuesday, bond traders started to come out of their caves and make markets.
| Feb 02, 2018
| 12:18 PM EST
The threat that the Fed could hike too much and derail economic growth is real, and a logical reason for stock...
The Fed is very unlikely to react to the stock market selloff over the last two days.

What to Watch for From the Fed Real Money Pro($)

How the Fed describes the economy will signal whether they will speed up rate hikes.
The market already has priced in the Fed allowing inflation to accelerate mildly.


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