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How Memphis Firm Decoded Bond Secrets Mystifying Wall Street

After traveling to Memphis, Tennessee, pay respects to Elvis Presley at Graceland, then take a short drive to FTN Financial to partake in some of the best bond-market advice to be found anywhere.

Working for a firm based about 1,000 miles (1,600 kilometers) from Wall Street with roots that date back to the Civil War, FTN’s Jim Vogel and Chris Low were among the few who correctly urged investors to ignore the consensus calling for an inevitable selloff in bonds this year. Since at least 2011, FTN’s head of interest-rate strategies and chief economist have rightly gone against the pack by calling for low yields.