Investors should be braced for a volatile bond market in 2021 as nervousness around inflation tests the resolve of central banks to get the economy motoring, according to one fixed income manager. Brian D’Costa, founding partner at Algonquin Capital, told WP it promises to be an exciting time for fixed income in light of the […]
On Friday, Canada’s largest chain of movie theatres brought $250mm of 5y bonds to market with a coupon of 7.5%. This financing should provide a bridge until theatre re-openings, offering Cineplex 12-18 months of operating liquidity. The Backstory. After suffering declining attendance for several years, in December 2019, Cineplex shareholders were offered some salvation when […]
“After all is said and done, the greatest publicity agent in the wide world is the ticker.” Jesse Livermore Amidst the dreariness and boredom of lockdown life, an army of Reddit traders has captured the public’s imagination. How? By propelling a floundering company’s stock ‘to the moon’ and taking out a few Wall Street titans […]
“Hindsight is notably cleverer than foresight.” Chester W. Nimitz Few years in recent history have received the unanimous ire and contempt bestowed upon 2020. No tears were shed as the calendar flipped on this hellacious year. And while the virus pays no regard to the earth’s rotations around the sun, the new year begins with […]
The Fixed Income Bucket List | February 2021
“You can’t always get what you want But if you try sometimes, you just might find You get what you need.” The Rolling Stones Over the past few months, we’ve asked hundreds of investors and allocators a very simple question: what do you want from your fixed income? Imagine for a moment that interest rates […]