The disastrous credit experience of financial institutions in late 2007 and early 2008 saw a black mood envelope the credit markets. The investment herd stampeded out of credit and into the safety of government bonds. Only the highest quality and most liquid government bonds would do, with Canada bonds outperforming even mortgage backed securities guaranteed by the Canadian government!
Read the full newsletter at the link below.
Canso May 2008 Corporate Bond Newsletter
