This little booklet will increase your awareness of our Top 10 Bond Market Worries and will save you from getting trapped in unsafe bond positions. We bond managers are wired differently than equity managers. We are the financial markets’ worrywarts. What do we worry about? Everything. What will drive a particular credit—corporate or municipal—off the rails? We study catalysts for downgrades, management faux pas, balance sheets, and coverage ratios. You name it and it’s on our worry list. While low interest rates put stocks, bonds, and real estate on an upward trajectory, little money actually seeped into the real economy. Throughout the Obama Administration, two percent and below GDP growth was the stubborn norm. Many of us wondered when the financial party would finally begin. What event would start the profits rolling? President Trump’s policies could be the positive sea change bond investors have been looking for. We believe in this Administration’s strategy and tactics as related to the growing US economy.