The Bank of Canada is attempting to re-start a market in Canadian ABCP … or, at least, that is my interpretation of the call for comments released today. The Bank of Canada is seeking comments …
Search Results for: conversion
February 28, 2008
Accrued Interest leads off today with a very good piece on credit ratings, concluding: On Monday, the Dow rallied nearly 200 points, and credit spreads almost universally tightened. Why? Because a AAA rating for MBIA …
IMF: Canadian Financial System is Well-Capitalized
The International Monetary Fund Country Report on Canada (2008) has been released. Here are some highlights: Canadian banks appear to be sound and resilient. The stress tests indicate that the five largest banks would be …
US Fed & Negative Non-Borrowed Reserves
Frankly, I thought this was over since even Naked Capitalism no longer considers this an issue. But I see that there is a new post at Mish’s Global Economic Trend Analysis that is keeping the …
February 8, 2008
Bill Gross of PIMCO (whose forecast of FedFunds at 3.50% was mentioned here on October 29) has called for rough justice for the monolines: As long as the illusion lasted, however, it is clear that …
BCE.PR.C Dividend Rate Reset Announced
As previously discussed, BCE.PR.C is a fixed floater with a reset scheduled to take effect March 1, 2008. It is convertable (for a very limited time, so call your broker!) into BCE.PR.D, a “Ratchet Rate” …
February 6, 2008
Willem Buiter was last mentioned in PrefBlog on January 25 in connection with inflation concerns. He’s back again today, preaching not just the likelihood, but the necessity of a US recession: Therefore, to restore a sustainable external balance …
IQW.PR.D : What's the story?
There was a post on the Globe site excitedly announcing that investors don’t much like the proposed restructuring plan … which I can’t say I find too surprising, given that indications are that it will …
Willem Buiter's Prescription
Willem Buiter of the London School of Economics has authored Lessons from the 2007 Financial Crisis, published by the Centre for Economic Policy Research. The paper includes one thoroughly delicious quote that shows the author …
December 18, 2007
More news today on the LIBOR front … the ECB is offering unlimited Euros for a two week term at 4.21%. There was an instant reduction in two week Euro-LIBOR: The rate banks charge each …