No. 033
High-yield bonds
Debt from borrowers the rating agencies do not trust, paying a large spread that is sometimes compensation and sometimes a w…
No. 035Insurance & reinsurance risk
Risk itself, underwritten face to face in a London market that predates every exchange on this site and still works by broke…
No. 055Shipping freight
The cost of moving a cargo across an ocean — a market with no storage, brutal cycles, and an index published daily from Lond…