Goldman, Sachs & Co.
Global Fixed Income Portfolio Strategy
Fixed Income Research
We wish to acknowledge the comments and suggestions of Joanne Hill, Robert Litterman, Robert Litzenberger,
Tom Macirowski, Scott McDermott, Victor Ng, and Scott Pinkus. Over the past three years, we have also re-
ceived valuable feedback on our portfolio process from the Global Economics Group.
Andrew Bevan is an Executive Director in the Economic Research Group at Goldman Sachs International in
Kurt Winkelmann is an Executive Director in the Fixed Income Research Department at Goldman Sachs Interna-
tional in London.
Editor: Ronald A. Krieger
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