Home Andrew Allentuck

How to adjust credit quality and term to preserve yield in a landscape of rising credit costs and stable inflation

  • October 27, 2017 October 27, 2017
  • 00:55

With the U.S. facing headwinds and with rising rates and growth at home, Canada is the sweet spot for debt markets

  • September 21, 2017 December 18, 2017
  • 23:55

Trading corporate bonds is becoming tougher as banks back away from trading non-government debt. If "sell" sentiment rises rapidly for this type of debt, could a bond meltdown result?

  • August 24, 2017 December 18, 2017
  • 23:55

It’s tougher to trade bonds these days. Liquidity has dried up, the result of reforms that began in the fall-out of the 2008-09 global financial crisis. The lack of liquidity has expanded spreads and reduced yields on fresh, heavily traded bonds. For the vast mountain of old bonds and small bond issues that seldom trade, […]

  • May 31, 2017 December 18, 2017
  • 23:30

Interest rates reflect many things, but, generally, in the bond world, they frame risks of inflation and default. With the perceived risk of higher rates in the U.S., already among the highest for developed nations, financial advisors and their clients are shifting away from U.S. federal debt and into corporate debt. The Canadian market is […]

  • April 27, 2017 December 18, 2017
  • 23:35

The near-term prospects for a significant rise in inflation, which would push bond yields upward, are dim. But if inflation rises before real-return bonds (RRB) reach the middle of their term to maturity or beyond, they will be profitable; indeed, present prices for RRBs then will seem cheap. Investment in RRBs is a macroeconomic speculation […]

  • March 30, 2017 January 18, 2018
  • 23:35

A big market shock could trigger a rush for cash as happened in the crisis of 2008

  • March 1, 2017 December 18, 2017
  • 00:40

The path is risky, but rising interest rates and more liquidity in bond markets could see bonds delivering more "normal" returns

  • February 1, 2017 January 19, 2018
  • 00:15

Rising interest rates spell the end of the three-decade bond bull market. Now, protecting income and avoiding capital loss is the essential strategy

  • January 15, 2017 January 20, 2018
  • 00:45

The Trump presidency is likely to mean rising bond yields as spending rises and taxes decline

  • December 22, 2016 December 22, 2016
  • 00:40