Swap spreads are below zero: At the height of the financial crisis, the unprecedented decline in swap rates below Treasury yields was seen as an anomaly. The phenomenon is now widespread. Swap rates are what …
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September 24, 2015
Janet Yellen gave a speech today: Federal Reserve Chair Janet Yellen said the U.S. central bank is on track to raise interest rates this year, even as she acknowledged that economic “surprises” could lead them …
EFN Receives Pfd-3 Rating From DBRS; Issues Will Be Added To HIMIPref™
Element Financial Corporation has announced: that it has received an initial issuer rating of BBB from DBRS Limited (DBRS). The Company also was awarded a rating of R-2 (middle) on its short-term instruments and a …
New Issue: BAM FixedReset, 5.00%+417M500
Brookfield Asset Management Inc. has announced: that it has agreed to issue 6,000,000 Class A Preferred Shares, Series 44 on a bought deal basis to a syndicate of underwriters led by Scotiabank, CIBC, RBC Capital …
September 23, 2015
It looks like we have a few more weeks of the entertaining Sprott-Spicer battle to look forward to, as Silver Bullion Trust points out (bolding from original): Silver Bullion Trust (“SBT”) (symbol: TSX – SBT.UN …
September 22, 2015
Well, here’s another nail in Keystone’s coffin: Ending years of declining to take a side on the issue because of her role in the Obama administration, Hillary Clinton on Tuesday announced her opposition to the …
September 21, 2015
Fed officials are busily warning against complacency: Federal Reserve officials argued that an interest-rate increase is still warranted this year, laying out the case for liftoff in remarks over the weekend that counter bets by …
September 18, 2015
Nothing happened today, except that bonds had a good day: The S&P 500 retreated 1.6 percent at 4 p.m. in New York, erasing its gain for the week. The gauge ended lower yesterday by 0.4 …
September 17, 2015
Today’s big news was the FOMC release: Information received since the Federal Open Market Committee met in July suggests that economic activity is expanding at a moderate pace. Household spending and business fixed investment have …
September 16, 2015
The OECD is not impressed with Canada’s growth: In the quarterly update of its global outlook, the Organization for Economic Co-operation and Development cut its forecast for Canadian gross domestic product growth to 1.1 per …