How a bond returned 17% last year
At a session held this week in Toronto by Montreal-based money manager Pembroke Management, Richard Usher-Jones, a partner at Canso Investment Counsel, a firm that sub-advises to Pembroke, explained how a bond returned 17% last year, yet interest rates are near or at their lowest levels in many years.
THE GOVERNMENT'S successful retail Treasury bond sale sent yields from government securities rising by 16 basis points on the average last week from a month ago.