Don't head for the hills

As markets react to a series of downbeat releases this month – the Fed not expecting to raise rates until 2013 and further concerns about the health of the eurozone to name just two – investors would be forgiven if they decided to board up their investment portfolios and hide their savings under the mattress until things quieten down. But instead of running for the hills, investors should note that there are some particularly appealing opportunities out there, and not only for the perma-bulls. Starting with the most cautious of investors, the recent flight to safety has driven swap rates...