FixedResets Getting Hammered

I don’t usually provide mid-day comments on the market, but this is really interesting.

As of about 1pm, PerpetualDiscounts have lost 43bp and FixedResets are down 77bp, with three issues in the latter class down over 2% on the day so far: IAG.PR.C, MFC.PR.D and GWO.PR.J

There are many, many issues down between 1% and 2%.

This entry was posted on Wednesday, April 21st, 2010 at 1:35 pm and is filed under Market Action. 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 “FixedResets Getting Hammered”

  1. marcrobert says:
    April 26, 2010 at 10:23 am

    Makes sense to me since the headline risk surrounding the insurers still significant and maybe fear of dividend cuts?

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