81.   Her projections were based on economic outlooks presented by her colleagues, Michael Manford, chief economist, and David Adamo, the director of fixed income research.

82.   Higher rates raise borrowing costs, and make fixed income investments relatively more attractive than equities.

83.   Higher rates would make equities less attractive compared with fixed income securities such as bonds.

84.   Hiring Hutchins and Allen completes the team UBS has been building in fixed income for the past few months, the firm said in a release.

85.   He will report to John Costas, senior managing director and head of North American fixed income and derivatives at UBS.

86.   High Brazilian interest rates, he added, also made investments in fixed income instruments more attractive for many investors than the stock market.

87.   Higher fixed income yields make equities less attractive than stocks.

88.   Higher interest rates diminish the value of the rate of return on fixed income investments.

89.   Higher borrowing costs also hurt earnings and make stocks less valuable than less-risky fixed income investments.

90.   Higher borrowing costs hurt company profits and make fixed income securities more alluring than equities to many investors.