Please write a qualitative reasons to invest (and the risks) in fixed income, specifically in the four segments of the market that we went over in class: US Treasury market, corporate credit market, mortgage market and municipal market. Think about all the risks to investing in fixed income that we discussed in class and explain which have the greatest impacts on each of these markets.

In the current environment (think about inflation, Fed hikes, political turmoil), how would you think about investing in the fixed income markets? What are some of the benefits of investing in the fixed income market today instead of just five years ago? What are some of the macro factors that may make you hesistant to invest in the fixed income markets?