As of now, the company holds $2.9 billion in debt, with 52% in bonds maturing in 2028, 2029, and 2031, featuring an average fixed interest rate of 4%.

Source: https://seekingalpha.com/article/4654190-charles-river-stock-mr-market-went-from-overvaluation-to-undervaluation?source=feed_all_articles

Couple the move in interest rates with a relatively strong 3rd quarter earnings season, you can see that the ingredients for a potential rally, both in stocks and in bonds, are in place.

Source: https://seekingalpha.com/article/4652843-fixed-income-your-window-to-act-is-closing?source=feed_all_articles

For the best part of 40 years investors in bonds were buying into the biggest bull market for bonds in modern history.

Source: https://www.theage.com.au/business/markets/the-end-of-a-bull-market-era-leaves-a-multi-trillion-dollar-hangover-20231009-p5eapm.html?ref=rss&utm_medium=rss&utm_source=rss_business

That led to some selling in bonds and the dollar began to slowly pare gains ex-JPY.

Source: https://www.forexlive.com/news/forexlive-americas-fx-news-wrap-bullard-bostic-barkin-then-a-bounce-20230324/

The CMA is working on introducing more products and financial services soon including a platform to list and trade in bonds and funds at the market.

Source: https://www.kuwaittimes.com/cma-to-unveil-more-products-and-services-to-lure-investors-melhem/

Those are rising interest rates, trading losses (mainly in bonds), less Merger and Acquisition activity (M&A) and other corporate activities that they are typically involved in: SPACs, NFTs, ETFs and, if not Twitter, then FTX and other crypto fall out.

Source: https://www.odt.co.nz/business/explaining-link-between-etfs-and-reported-bank-earnings

With so many risks in the current environment, I prefer to be overweight in bonds, especially with yields at these high levels.

Source: https://seekingalpha.com/article/4571846-investment-picks-for-retirees-in-2023?source=feed_all_articles