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!

James Lavish, CFA's avatar

Thanks so much Aaron. I truly appreciate that.

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.

James Lavish, CFA's avatar

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

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

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.

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.

Frank N's avatar

Outstanding, much appreciated.

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?

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.

AM Whitley's avatar

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

James Lavish, CFA's avatar

Thank you Ann Marie!