Yield to Worst
Understanding Yield to Worst in Bond Investments Bond investments are a staple in the corporate finance world, offering predictable income streams and relative safety compared to equities. However, not all bonds are created equal, and their yields can vary significantly depending on several factors. One important metric for evaluating the potential return of a bond...
What’s the US Debt Ceiling All About?
The Origins of the US Debt Ceiling As part of the Second Liberty Bond Act of 1917, the United States Congress established a $15 billion debt ceiling, providing a process to control the amount of US Government bonds the country could issue. Prior to 1917, Congress needed to pass a legislative act that approved the...
Canada’s Climate Investment Taxonomy
What is the Climate Investment Taxonomy Regulation? The Climate Investment Taxonomy criteria’s objective is to provide financial market participants with greater clarity on what constitutes a climate investment. Specifically, these regulations were intended to lay out the criteria for investments and other economic activities that can contribute to Canada’s ambition to reach net-zero emissions by...
Capital Markets Trading Career Profile
What is Capital Markets Trading? Capital markets trading is a sell-side career path within the capital markets division at an investment bank. A trader is responsible for the buying and selling of financial markets instruments, such as stocks, bonds, foreign exchange, and derivatives, either on behalf of the bank’s institutional clients, for the bank using...
Equity Capital Markets (ECM) Banker Career Profile
What is an Equity Capital Markets Banker? An ECM banker works in an investment bank on the sell-side and is the product expert that advises stock issuers and potential stock issuers on the best way to raise new equity and manage their outstanding equity. In most cases, an investment banker would be the first to...
