11 Comments
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Aaron Koral's avatar

Hi James - another great note; especially liked the breakdown of bond covenants and how they relate to defaults. Wishing you and your team a productive week ahead, thank you!

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James Lavish, CFA's avatar

Thanks so much Aaron. I truly appreciate that.

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Bobby Eisenhart's avatar

Reading from a dock in Keuka Lake, NY. The Informationist and cup of coffee is best enjoyed at the lake!

Lookin forward to the expanded content for paid subscribers.

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James Lavish, CFA's avatar

Awesome Bobby. I only wish I were doing the same!

I think you’ll like what is coming next…😉

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Frank N's avatar

Solid as always. Looking forward to the new material you plan to release as per the end of the newsletter. Quick question - Are there any other educational sources you would recommend for material similar to what you cover in your newsletter? I guess general macro economics being the common “thread”? I subscribe to Lyn Alden’s newsletter as well, which is a wealth of knowledge every 6 weeks. Just curious if there are any other individuals or outlets that you respect and feel are worth sharing.

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James Lavish, CFA's avatar

Thank you Frank. Yes, Lyn’s is excellent, I also subscribe to that. If you want more general macro and investing, maybe check out The Overshoot, Compounding Quality, and QTR’s Fringe Finance.

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Frank N's avatar

Outstanding, much appreciated.

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Mareto N's avatar

Thanks James, very informative piece. Can you explain how the OIS rate is fixed? Isn't one leg of the interest swap fixed and the other variable?

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James Lavish, CFA's avatar

You're welcome Mareto. Good question. The OIS fixed leg is what is being measured here for the benchmark and contrast to the floating rate.

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AM Whitley's avatar

Thanks, James! Always look forward to hearing from you each week to stay informed.

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James Lavish, CFA's avatar

Thank you Ann Marie!

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