The 10th Man, May 2017
May 25, 2017
There has been a bit of a buzz the last couple of days about covenant-lite bonds. This isn’t really new news—you can see from the chart below that cov-lite issuance has been high for a few years now.
May 18, 2017
My favorite Far Side cartoon of all time. I make frequent reference to it in my trading activities.
May 11, 2017
This one will be familiar to old The Daily Dirtnap subscribers.
May 4, 2017
I’ve been yapping my trap about these vol-selling monkeys for some time—we may have finally reached peak vol absurdity.