Articles About Bonds

A financing vehicle that has been used in Europe since it was invented in Prussia in 1769 is finding its way to American shores as a replacement for commercial mortgage-backed securities (CMBS).  The vehicle is known as covered bonds, which is a securitized debt instrument backed by a pool of top-quality assets, primarily mortgages. What […]

Amidst the most dire financial crisis in a generation, Chicago has created a magnificent rejoinder to all the bad news.  The Russian writer Dostoevsky once said that “Beauty will save the world.”  Seeing Renzo Piano’s new Modern Wing at the Art Institute of Chicago makes you believe that it just might.  First of all, how […]