“Markets, schmarkets!” says the US consumer, “Where can I spend what I just saved on gas?“: Retail sales in the U.S. climbed for a second straight month, a sign consumers may be looking past recent …
Search Results for: performance
September 14, 2015
It’s nice to see an intelligently run bond ETF: The Market Vectors Fallen Angel High Yield Bond ETF (ANGL) is up 28 percent since its April 2012 inception, which is double the performance of the …
September 11, 2015
Civil Forfeiture writ large! There can no longer be any doubt but that the War On Banks is nothing more than a populist tax-grab: The Manhattan district attorney is sending $38 million taken in civil …
September 10, 2015
CP Rail sold a century bond! The railroad’s $900 million [USD] 100-year bond, sold with a coupon of 6.125 percent, shows how the once-troubled company has won over investor hearts and minds under new Chief …
September 9, 2015
The top news of the day is the unchanged BoC overnight rate: The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1/2 per cent. The Bank Rate …
September 8, 2015
In reaction to the trashing of five-hundred years of bankruptcy law as irrelevant, DBRS is proposing yet another tier of bank obligation for analytical purposes: DBRS Ratings Limited (DBRS) is proposing to introduce a Preferred …
Low-Spread FixedResets: August 2015
As noted in MAPF Portfolio Composition: August 2015, the fund now has a large allocation to FixedResets, mostly of relatively low spread. Many of these were largely purchased with proceeds of sales of DeemedRetractibles from …
MAPF Portfolio Composition: August, 2015
Turnover increased a little in August, to about 10%. 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 …
September 4, 2015
The Boston Fed published a paper by Eva Liebmann and Joe Peek titled Global Standards for Liquidity Regulation: Liquidity risk has received increased attention recently, especially in light of the 2007 – 2009 financial crisis, …
September 3, 2015
So, are the oil sands now a white elephant? The last place oil producers want to be when prices plummet to profit-demolishing lows is midstream on a billion-dollar project in one of the costliest parts …