“Fashions fade. Style is eternal.” Yves Saint Laurent For years, ultra-low yields led to fixed income falling out of fashion and being discarded from racks in favour of cooler, hipper trends. Bonds were bullied off the catwalk and out of portfolios with taunts of ‘return-free-risk’ and ‘there is no alternative (TINA).’ Then this year, bonds […]
You’re Only A Day Away | November 2022
“Tomorrow is promised to no one.” Clint Eastwood One More Sleep. Every Canadian bond nerd has tomorrow circled in their calendar. It is the day the Bank of Canada (BoC) delivers its latest installment in what has been an aggressive series of rate increases. So far this year, they have taken the overnight rate […]