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 …
Search Results for: performance
October 12, 2017
There is a very good staff working paper published by the Bank of Canada, by Jean-Sébastien Fontaine and Guillaume Nolin titled Measuring Limits of Arbitrage in Fixed-Income Markets: We use relative value to measure limits …
October 11, 2017
The salutary effects of Ontario’s minimum wage hike are becoming visible: one large company is thinking about what it’s doing and taking steps to increase productivity: Grocery store chain Metro Inc. says it will eliminate …
October 10, 2017
Scotia came out with a Tier 1 Bond last week: Bank of Nova Scotia saw strong investor demand on Wednesday for an Additional Tier 1 bond, the first offshore deal of its kind out of …
October 6, 2017
I just noticed we’ve passed a milestone of sorts … both today and 2017-10-4, the “Median Duration-to-Worst” of the FixedReset subindex is less than 5, indicating that the average (see note, below) investment-grade FixedReset will …
PPL / VSN Ticker Change
As previously discussed, ticker changes are required to reflect the assumption of Veresen’s preferreds by Pembina Pipeline. These changes came into effect today. So the changes are: VSN to PPL Ticker ConversionsEffective 2017-10-05 Old Ticker …
October 5, 2017
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 …
October 4, 2017
PerpetualDiscounts now yield 5.40%, equivalent to 7.02% interest at the standard equivalency factor of 1.3x. Long corporates now yield a little under 4.10%, so the pre-tax interest-equivalent spread (in this context, the “Seniority Spread” is …
October 3, 2017
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 …
October 2, 2017
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 …