Author Archives: Charles de Quinsonas

About Charles de Quinsonas

Years in the bond markets
6
Specialist subjects
Corporate bonds, High yield credit, Emerging markets
Likes
Tennis, Football, Caipirinha and Political debates
Heroes
Roger Federer, Frank Lloyd Wright, Judge Dee

The hunt for emerging market yield is killing covenants

Bond Vigilantes 24/10/2017  

Would you buy a 7-year unsecured bond at 6% yield from a B1/B+ rated Brazilian airline (first time issuer) with well-below-standard credit covenant protection for investors? Many did last week…. Read more »

The value of investments will fluctuate, which will cause prices to fall as well as rise and you may not get back the original amount you invested. Past performance is not a guide to future performance.


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State-owned corporate bonds: there is no such thing as an implicit guarantee

Bond Vigilantes 08/06/2017  

A couple of weeks ago, state-owned International Bank of Azerbaijan (IBA) shocked its bondholders by announcing a surprise restructuring. The bank’s capital ratio turned negative at year-end 2016 due to… Read more »

The value of investments will fluctuate, which will cause prices to fall as well as rise and you may not get back the original amount you invested. Past performance is not a guide to future performance.


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BVTV: A sign of the times – how political risk has become a DM not EM problem

Bond Vigilantes 06/03/2017  

We are kicking off the week with an emerging markets special on BVTV, as I talk all things EM with my equity market colleague Michael Bourke. Tune in to hear… Read more »

The value of investments will fluctuate, which will cause prices to fall as well as rise and you may not get back the original amount you invested. Past performance is not a guide to future performance.


FOLLOW US

Research trip: Mexico & Trump – a key call in emerging markets

Bond Vigilantes 26/01/2017  

President Trump’s anti-Mexico rhetoric has made Mexican assets one of the key calls in emerging market debt. I have just returned from a research trip to Mexico where I met… Read more »

The book taking France by storm. Économie du Bien Commun – a review.

Bond Vigilantes 21/09/2016  

During my free time in August I read the book that has taken the French political and economic landscape by storm (no, it’s not  “Capital” by Thomas Piketty). Nobel Prize… Read more »

The value of investments will fluctuate, which will cause prices to fall as well as rise and you may not get back the original amount you invested. Past performance is not a guide to future performance.


FOLLOW US