fixed income

Morgan Stanley's income fell 48 percent in the first quarter on a sharp drop in revenue from sales and trading of fixed-income securities and commodities.

Oct. 20 -- Robin Marshall, director of fixed income at Smith & Williamson Investment Management, talks with Bloomberg's Andrea Catherwood about the U.K.'s fiscal and monetary policy.

A new compensation survey described in The Wall Street Journal predicts that Wall Street incentive pay will rise 40% this year.

For those in the fixed-income part of the industry, the increase could be closer to 60%.

Putnam Investments said Tuesday it is cutting fees for its fixed-income mutual funds by an average 13 percent, and by 10 percent for asset allocation funds holding a mix of stocks and bonds.