Commentary
Canso July 2022 Corporate Bond Newsletter
“The first quarter financial market bruising exploded into full blown carnage by mid-year as second quarter returns pushed deeper into negative territory. Several markets recorded double digit losses, as investors fled the riskiest assets.” Read…
Commentary
Canso July 2022 Market Observer
“Canadians are not the only investors expecting miracles. Investors around the world are hoping that the huge jump in short-term interest rates is enough to slow things down and get inflation back under control.” Read…
Commentary
Canso April 2022 Corporate Bond Newsletter
“History books will show the official end of emergency monetary policy accommodation to offset the Covid-19 pandemic came on March 2nd and 16th when the BOC and the Fed raised overnight rates. In reality, the…
Commentary
Canso April 2022 Market Observer
“The global bond market is experiencing the violence of sharply rising yields. Loose fiscal policy and pandemic government income supports combined increasing demand with reduced supply. Prices are soaring to levels not seen in the…
Commentary
Canso February 2022 Corporate Bond Newsletter
“Substantial spread widening and years of elevated defaults often follow periods of market euphoria. While periods of tight spreads and low defaults may endure for some time, we believe there is better risk-adjusted value to…
Commentary
Canso January 2022 Market Observer
“Some of the digital assets and associated companies that people are now piling into might stand the test of time. However, we think many investors are going to learn the hard lesson that no matter…
Commentary
Canso December 2021 Market Observer
“We were waiting for the markets to settle down and obviously, they haven’t. Frankly, most of our tardiness stems from our astonishment at the present madness in the financial markets.” Read the full newsletter at…
Commentary
Canso October 2021 Corporate Bond Newsletter
Jeff Bezos declared the few short minutes aboard his New Shepard space capsule his “best day ever!” which is really saying something given he’s the world’s richest person and father of four children. Others recently…
