The study
yielded few facts and figures about the weather that various teams had experienced.
Not exact matches
Even after you account for the higher expense ratio and the
fact that its distribution
yield is a
few tenths of a percent lower, the outperformance is still meaningful.
The case for high
yield rests largely on the
fact that it remains one of the
few asset classes left that can offer a greater than 5 %
yield.
In
fact, I just personally made a high -
yield trade with NKE a
few days ago and shared the details here.
No panic in investment grade bonds, and the losses of the stock market have been minor over that time, leaving aside the
fact that the market rallied for a
few more weeks after high
yield began to slide.
In
fact, a great deal of research over the last
few years suggests the opposite, that usable precipitation and fixed nitrogen will actually become rarer, counteracting most if not all of the improvements in crop
yields and overall carbon sequestration by plants worldwide.
Importantly, the changes in cereal
yield projected for the 2020s and 2080s are driven by GHG - induced climate change and likely do not fully capture interannual precipitation variability which can result in large
yield reductions during dry periods, as the IPCC (Christensen et al., 2007) states: ``... there is less confidence in the ability of the AOGCMs (atmosphere - ocean general circulation models) to generate interannual variability in the SSTs (sea surface temperatures) of the type known to affect African rainfall, as evidenced by the
fact that very
few AOGCMs produce droughts comparable in magnitude to the Sahel droughts of the 1970s and 1980s.»