DBRS has announced that it: has today taken a range of rating actions on 54 structured preferred shares issued by 49 split share companies and trusts (the Issuers). All the trends are now Stable. Each …
Search Results for: fbs.pr.b
Best & Worst Performers: February 2009
These are total returns, with dividends presumed to have been reinvested at the bid price on the ex-date. The list has been restricted to issues in the HIMIPref™ indices. February 2009 Issue Index DBRS Rating …
HIMIPref™ Index Rebalancing: February 2009
HIMI Index Changes, February, 2009 Issue From To Because BCE.PR.Y Ratchet Scraps Credit FAL.PR.B Ratchet Scraps Volume BCE.PR.A FixFloat Scraps Credit BCE.PR.C FixFloat Scraps Credit BCE.PR.F FixFloat Scraps Credit BCE.PR.G FixFloat Scraps Credit BCE.PR.I FixFloat …
February 27, 2009
PerpetualDiscounts closed the month on a sour note, losing nearly 80bp to close yielding 7.29%, equivalent to 10.21% interest at the standard equivalency factor of 1.4x. Long Corporates now yield about 7.5%, so the pre-tax …
February 26, 2009
Whoosh! The seminar was a lot of fun but it took a lot out of me! There’s an amusing story in the Financial Times: A whistleblower contacted US regulators more than five years ago with …
February 25, 2009
Sad but true … Bernanke did not resist a suggestion that the uptick rule be reinstated. We can only hope that cooler heads will prevail: “In the kind of environment we have seen more recently” …
February 24, 2009
Assiduous Readers will be aware that I am wary of regulatory initiatives that seek to protect investors from themselves. Well … if the following catches on and spreads, it may become illegal to buy equities …
February 23, 2009
The Fed has announced: a new section of its website expanding the information provided about the policy tools the Federal Reserve has employed to address the financial crisis and simplifying access to that information. The …
February 20, 2009
Bernanke gave a speech to the National Press Club dismissing concerns about the Fed’s credit risk: for the great bulk of Fed lending, the credit risks are extremely low. The provision of short-term credit to …
February 19, 2009
John Hemption wrote a piece on Bronte Capital titled Bank Solvency and the Geithner Plan: The spread between the origination value of a loan and its secondary value is huge. It simply makes no sense …