Research: Where Are We Now?

The January edition of Canadian Moneysaver included my latest effort – “Where Are We Now?”, a review of 2008 … the most horrific year for preferreds in recent memory, at any rate.

Look for the research link!

This entry was posted on Tuesday, January 27th, 2009 at 12:26 pm and is filed under Publications. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

One Response to “Research: Where Are We Now?”

  1. PrefBlog » Blog Archive » April 15, 2009 says:
    April 15, 2009 at 7:48 pm

    […] PerpetualDiscounts now yield 6.87%, equivalent to 9.62% interest at the standard equivalency factor of 1.4x, compared to Long Corporates which continue mired in their range of 7.50% … this time, maybe a hair below, but no more than a hair. The pre-tax interest-equivalent spread has thus narrowed to about 212bp, which is starting to look normal … normal, at least, by Credit Crunch standards, still well above the un-stressedl range of 100-150bp. […]

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