So sang John Denver in the July 1981 cover version of this Dick Feller tune. The emotional highs and lows of a bond investor’s relationship with the financial markets were in evidence this quarter. July and August 2014 yielded diamond days for fixed income investors as bond yields fell, moving prices and returns higher. All the market indices then turned to stone in September as yields climbed, credit spreads widened and stock markets swooned.
Read the full newsletter at the link below.Canso November 2014 Corporate Bond Newsletter