Shows
Lysander AudioListen to the January 2026 Canso Corporate Bond NewsletterSend us a text"The Blue Jays captured the hearts of Canadians this past season with an improbable run to the World Series. And while it ended with the heartbreak of a Game 7 extra-innings loss, the Jays wasted no time in their efforts to run it back, storming into the offseason with bold roster moves. Canadians are now gearing up for the upcoming Winter Olympics in February, where the return of NHL players to Olympic ice promises a thrilling showdown and a chance to reclaim hockey supremacy. All this evokes a sense of Canadian pride in the...
2026-01-2617 minLysander AudioListen to the January 2026 Canso Market ObserverSend us a textLast year was a volatile one for the financial markets as unpredictable Donald Trump entered the White House in January. Expecting the returning President Trump to bring hot markets with his election, as in his first term, investors soon learned to their chagrin that he was serious about his “Beautiful Tariffs”. Markets then tanked, recovered and then soared when he dropped the worst of his tariffs. That, and a renewed Artificial Intelligence (AI) mania, ignited a buying frenzy. Seemingly everything that could be traded went up, with even crypto, gold and silver joining the...
2026-01-1933 min
Dice CompanyEp 87: A King's Tale - Small Embers A D&D Actual Play PodcastThe statue is revealed and his story takes centre stage for the Order of the Heron, as long-held mysteries are finally revealed...
Dice Company: Small Embers is a narrative-driven actual play podcast set in the world of Elestia, using Dungeons & Dragons (D&D 5e) as its framework. Expect cinematic storytelling, immersive roleplay, and high-fantasy adventure filled with epic battles, rich character development, and deep lore. Whether you're a seasoned TTRPG player or new to actual play podcasts, this is a D&D experience you won’t want to miss!
🔥 Join the Adventure & Never Miss an Episo...
2025-11-1155 minLysander AudioListen to the October 2025 Canso Corporate Bond NewsletterSend us a textFear and uncertainty moved aside this summer, and optimism is now abound. Central Bankers are cutting rates, equity markets are touching new highs, and the Toronto Blue Jays are headed to the World Series! In credit markets, we also continue to experience historically strong market conditions. Sources:Ronalds-Hannon, Eliza and Weinman, Aaron. (2025, October 12). From Tricolor to Saks, Bonds are Now Crashing at Breakneck Speed. Nakamoto, Michiyo and Wighton, David. (2007, July 9). Citigroup chief stays bullish on buy-outs.
2025-10-2313 minLysander AudioListen to the October 2025 Canso Market ObserverSend us a textWe last left you in early July with the observation that the financial markets now seemed to thrive on and reward uncertainty. The equity and credit markets had plunged in March on the initial economic fears over the Trump tariffs and then rebounded joyfully in April when Trump variously delayed and fiddled with his tariff strategy that had threatened to burn the U.S and global economy.Sources:Source: Kirby, Jason. (2025, October 4). U.S. tariff revenue piles up as Canada abandons tit-for-tat trade war approach.Source: Chase, Steven. (2025, October 2). LeBlanc...
2025-10-2220 minLysander AudioListen to the July 2025 Canso Corporate Bond NewsletterSend us a textInterest rates have been on the rise since the end of the first quarter, particularly in the long-end of the curve. From March 31st until time of publication, Canadian long bonds have risen 66 basis points (bps) while their American counterparts are up 44 bps, translating into price declines of 13% and 7%, respectively. Sources: Fool, Motley. (2025, May 22). The U.S. Government’s Credit Rating Just Got Downgraded for the Third Time Since 2011. History Says the Stock Market Will Do This Next.
2025-07-2319 minLysander AudioListen to the July 2025 Canso Market ObserverSend us a textThe theme of Canso's previous April 2025 Market Observer was that only a fool would try to predict what would happen to the financial markets and the global economies after Donald Trump declared his Tariff War on the World. The more expertise you possessed, the less you were probably able to forecast the actual outcome. As they say, it’s not over until it’s over but rising equity markets and tightening credit spreads weren’t most experts’ first choice, but that’s what has happened. Sources:Source: Canso Investment Counsel Ltd. (2025...
2025-07-1020 min2025-04-2520 min2025-04-2520 min2025-01-3116 min2025-01-1020 min2024-10-3017 minLysander AudioListen to the October 2024 Canso Market ObserverSend us a textWe were writing about the confused state of political and economic affairs in June and wondered, like the Marvin Gaye song title, “What’s Going On?”. We marvelled at how the financial markets were ignoring any bad news in their haste to move ever upwards in price.
2024-10-2218 minLysander AudioListen to the July 2024 Canso Corporate Bond NewsletterSend us a textWe are starting to see more and more credit opportunities emerging. Even though default rates remain relatively low, the increase in distressed transactions points to increasing stress among highly levered companies as interest rates remain higher for longer.
2024-07-2616 minLysander AudioListen to the July 2024 Canso Market ObserverSend us a text"What’s Going On” was the plaintive refrain and title of Marvin Gaye’s 1971 hit song about the controversial Vietnam War and the resulting societal and political upset in the United States. His song of confusion and disappointment seems as relevant to us today. We look with trepidation on the political and social tumult around the world and wonder ourselves what is going on.
2024-07-2626 minLysander AudioListen to the April 2024 Canso Corporate Bond NewsletterSend us a textLike George W. Bush standing on the deck of the USS Abraham Lincoln in May 2003, the market appears to have hoisted the “Mission Accomplished” banner on this monetary tightening cycle. Risk premiums have dropped, borrowers have renewed access to capital and the percentage of economists predicting a recession has dropped considerably from the “100%” tally of not so many months ago.
2024-05-0615 minLysander AudioListen to the April 2024 Canso Market ObserverSend us a textThe so-called experts who called for dismal markets in 2023 were nowhere to be found in the 2024 New Year prognostications. Happy days were here again, and nobody wanted to spoil the fortunes from soaring markets that had been handed to investors by saying anything remotely negative this time around.
2024-04-1925 minLysander AudioListen to the January 2024 Canso Corporate Bond NewsletterSend us a textCorporate bond markets raced higher in the fourth quarter as inflation continued to decline, labour market strength showed signs of moderating and Federal Reserve policymakers signaled their rate hiking efforts may be coming to an end.
2024-01-2317 minLysander AudioListen to the January 2024 Canso Market ObserverSend us a textGenerations of finance students have been taught Efficient Markets theory, but we have always begged to differ. What happened in 2023 to the financial markets and the economy should give anyone pause about how efficient the financial markets really are.
2024-01-1529 min2023-11-0845 minLysander AudioListen to the October 2023 Canso Corporate Bond NewsletterSend us a textIt was a cruel summer in the bond market as interest rates climbed swiftly higher. Yields across both Canadian and U.S. government curves jumped, hitting levels not seen since 2007.
2023-11-0215 min2023-10-2424 minLysander AudioListen to the July 2023 Canso Corporate Bond NewsletterSend us a textCanadians rejoiced the dramatic victory of Nick Taylor who became the first Canuck to win the Canadian Open since 1954. Meanwhile, Canadian bond investors are celebrating a victory of their own, with the return of positive real bond yields. Listen more in the July 2023 Corporate Bond Newsletter
2023-08-0314 minLysander AudioListen to the October 2022 Canso Corporate Bond NewsletterSend us a textLooking at the financial market returns for the third quarter and year-to-date 2022, there was no obvious place to hide as all asset classes suffered. The carnage in fixed income markets is the worst seen in most of our lifetimes.
2023-08-0214 minLysander AudioListen to the December 2022 Canso Market ObserverSend us a textAfter vanquishing the Evil Inflator and banishing him to the far regions of the Yield Universe over 40 years ago, the Interest Rate League has been called back into action! Listen more in the December Market Observer.
2023-08-0220 minLysander AudioListen to the July 2022 Canso Market ObserverSend us a textCentral banks have created far more money than necessary for actual economic activity and the result is the highest inflation in 40 years. Interest rates are up, and the financial markets have shuddered, shattered and fallen precipitously in price. Listen here in the July Market Observer.
2023-08-0216 minLysander AudioListen to the April 2022 Canso Corporate Bond NewsletterSend us a textHistory books will show the official end of emergency monetary policy accommodation to offset the Covid-19 pandemic came on March 2nd and 16th when the BOC and the Fed raised overnight rates. In reality, the recalibration of bond markets started well beforehand, in response to inflation, and in anticipation of central bank action.
2023-08-0213 minLysander AudioListen to the April 2022 Canso Market ObserverSend us a textThe global bond market is experiencing the violence of sharply rising yields. Loose fiscal policy and pandemic government income supports combined increasing demand with reduced supply. Prices are soaring to levels not seen in the over 40 years since the high inflation 1970s.
2023-08-0232 minLysander AudioListen to the July 2023 Canso Market ObserverSend us a textCommissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Products are not guaranteed, their values change frequently and past performance may not be repeated.https://www.lysanderfunds.com/legal/
2023-07-2727 minLysander AudioListen to the April 2023 Canso Market ObserverSend us a textHave central bankers done enough to get inflation under control? We believe that monetary policy and the credit cycle are powerful forces, but we suspect that things on the inflation front will be a lot more difficult than the fashionable market crowd suspects.
2023-04-2731 minLysander AudioListen to the April 2023 Canso Corporate Bond NewsletterSend us a textThe year began with swift optimism. Equity markets quickstepped higher, while credit spreads swung tighter. Buyers lined up to purchase new bonds from both investment grade and non-investment grade issuers. In sequence, investors who were knocked down by one of the worst years of their careers bounced back up and danced.
2023-04-1217 minLysander AudioListen to the March 2023 Canso Market ObserverSend us a textWe continue to see that inflation hopes are springing eternal in the world’s bond markets in the Spring of 2023. The bond market is moving manically between elation that nagging inflation has finally been vanquished, and fears that it has not. It depends on the day, the hour, or even the minute after an “important number” is released, but bond traders continue to focus on the Federal Reserve’s (Fed) next move. Even after the plunge in bond yields the seizure of Silicon Valley Bank (SVB) and the worries about Credit Suisse, yields are stil...
2023-03-1532 min
Scriptoris VIDarnath Lysander | Captain der ErstenGames Workshop, Forge World, Warhammer 40,000, Warhammer, Space Marine usw. sind eingetragene Warenzeichen der Games Workshop Ltd. Games Workshop unterstützt in keiner Weise Fanvideos die "lore" oder „Hintergrundgeschichten“ betreffen. Alle Aussagen und Meinungen in diesem Video entspringen Scriptoris VI und repräsentieren in keiner Weise die Meinungen von Games Workshop Ltd oder deren Mitarbeiter.
2023-02-211h 05Lysander AudioListen to the January 2023 Canso Corporate Bond NewsletterSend us a textThe recent rise in Canadian bond market yields is something that bond investors have seldom seen in their professional lifetimes, and never for a sustained period. After hitting generational lows from 2010 to 2020 when central bankers became enamoured with ZIRP (Zero Interest Rate Policy) and QE (Quantitative Easing), there was nowhere to go but up for bond yields!
2023-01-1014 minLysander AudioListen to the July 2022 Canso Corporate Bond NewsletterSend us a textThe first quarter financial market bruising exploded into full blown carnage by mid-year as second quarter returns pushed deeper into negative territory. Several markets recorded double digit losses, as investors fled the riskiest assets.
2022-07-2612 min