It is unlikely the late John Lennon was referring to losses in his fixed income portfolio when he penned his punchy ditty in the late 1970s. The song, released posthumously in 1984 on the Yoko Ono album Milk and Honey, refers to “strange days indeed”. Unfortunately, 2013 was a strange year for many fixed income investors as their “safe” bond investments produced negative returns for the first time in many years.
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Canso January 2014 Corporate Bond Newsletter
