PerpetualDiscounts now yield 5.51%, equivalent to 7.16% interest at the standard conversion factor of 1.3x. Long corporates now yield about 3.90%, so the pre-tax interest-equivalent spread (in this context, the “Seniority Spread”) is now about …
Search Results for: performance
DC.PR.E : Huffing and Puffing Begins
Tim Kiladze wrote a piece in the Globe today titled Dundee Corp. faces investor spat over preferred share repayment: On Tuesday, Maryland-based Roumell Asset Management, which says it holds 3.6 million shares, or 6.4 per …
September 4, 2018
Something new today! The old FixedReset subindex has been divided into: FixedReset Discount FixedReset Premium FixedReset Bank NVCC Non-Compliant FixedReset Insurance NVCC Non-Compliant It will be noted that there are no NVCC-compliant insurance issues because …
MAPF Portfolio Composition: August, 2018
Turnover was light in August at 4%. There is extreme segmentation in the marketplace, with OSFI’s NVCC rule changes in February 2011 having had the effect of splitting the formerly relatively homogeneous Straight Perpetual class …
August 31, 2018
HIMIPref™ Preferred IndicesThese values reflect the December 2008 revision of the HIMIPref™ IndicesValues are provisional and are finalized monthly Index MeanCurrentYield(at bid) MedianYTW MedianAverageTradingValue MedianMod Dur(YTW) Issues Day’s Perf. Index Value Ratchet 0.00 % 0.00 …
August 30, 2018
Well, we’re moving closer to a surveillance society: For the past year, select Google advertisers have had access to a potent new tool to track whether the ads they ran online led to a sale …
August 29, 2018
PerpetualDiscounts now yield 5.54%, equivalent to 7.20% interest at the standard equivalency factor of 1.3x. Long corporates now yield about 3.95%, so the pre-tax interest-equivalent spread (in this context, the “Seniority Spread”) is now about …
August 28, 2018
HIMIPref™ Preferred IndicesThese values reflect the December 2008 revision of the HIMIPref™ IndicesValues are provisional and are finalized monthly Index MeanCurrentYield(at bid) MedianYTW MedianAverageTradingValue MedianMod Dur(YTW) Issues Day’s Perf. Index Value Ratchet 0.00 % 0.00 …
August 27, 2018
HIMIPref™ Preferred IndicesThese values reflect the December 2008 revision of the HIMIPref™ IndicesValues are provisional and are finalized monthly Index MeanCurrentYield(at bid) MedianYTW MedianAverageTradingValue MedianMod Dur(YTW) Issues Day’s Perf. Index Value Ratchet 0.00 % 0.00 …
August 24, 2018
HIMIPref™ Preferred IndicesThese values reflect the December 2008 revision of the HIMIPref™ IndicesValues are provisional and are finalized monthly Index MeanCurrentYield(at bid) MedianYTW MedianAverageTradingValue MedianMod Dur(YTW) Issues Day’s Perf. Index Value Ratchet 0.00 % 0.00 …