Managers at firms such as J.P. Morgan and PGIM are buying fixed-rate bonds and using derivatives to engineer synthetic floating-rate securities.
Two Morgan Stanley advisors leave for Merrill Lynch, Socratic Wealth Advisors joins LPL and Orion adds Moody's bond ratings to its portal.
This bull market could last nine or 10 years, says Skagen Managing Director Oyvind Schanke.