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Commentary
Canso November 2006 Corporate Bond Newsletter

The recent Amaranth hedge fund implosion reinforces our view that the current financial markets are speculative and valuations are driven by the extraordinarily loose monetary policy around the world since 2000. We believe that Federal Reserve Chair Bernanke’s pause in monetary tightening was premature and inflation will continue its upwards creep, even with a slowing economy and falling commodity prices. This should put pressure upwards on bond yields in the months ahead.

Read the full newsletter at the link below.

Canso November 2006 Corporate Bond Newsletter