But bonds are still rallying, seemingly in hope of improved chances for recovery in a default.
- In corporate America, brands develop you
- One in ten dollars of US housing were anonymous
- Should AT&T worry more about its debt?
- Who cares if Elon is incinerating capital?
- Let’s not try make 'crypto chicks' a thing
- Zion Oil: Living on a prayer
- Tokens all the way down
- Eight-dimensional chess with Elon Musk
- A lopsided trade is a good trade, Italian inflation edition
- How to buy Italian fire insurance
- Atlas bugged
- Inflating inflation
- Crypto's most devout believers are suffering a crisis of faith
- Plus500: past performance is no guide to the future
- Noble rot in a shrinking Harbour
- In defence of ticket touts
- RIB Software: the unicorn rainy-day fund
- Retail is not dead
- Did Soros really give Tesla a “vote of confidence”?
- At a crypto conference in New York, it feels like 2017 all over again
Illiquid, opaque asset class meets ultra-liquid structure with constant liquidity. What could go wrong?
Just like a rate on a senior loan to a company that... probably won't default, right?