Optimal WACC vs Leverage

On the downswing, the lag from China to WTI dropped from 7 months to 4 months...

just noting when major refinancings will be needed for the still outstanding ...

Quick and dirty example of notable convexity changes in the duration hedge re...

Still doing nicely on this trade. In at 10/15 at -5.9 and now -$3.2. Like hol...

Its time to go the other way. Credit's underperformance the last week or so h...

Total credit market contraction continues but the contraction has slowed (so ...

Sell $10mm SovX Protection vs Short $1.83mm EURUSD (Selling EUR, Buying USD)

HY trades within 10bps of its tightest since the peak. 50DMA crossed under 20...

Thinking out loud on why LBOs are being discussed en masse again. My worry i...

Super long-dated anchored VWAP - literally millions of transactions and a lim...