Nothing happened today. It was a horrid day for the Canadian preferred share market, with PerpetualDiscounts down 56bp, FixedResets losing 71bp and DeemedRetractibles off 27bp. A very lengthy Performance Highlights table is dominated by losers. …
Search Results for: performance
July 24, 2015
Years of back-door largesse are having an effect on Chicago’s municipal pension plan: A plan to ease Chicago’s $20 billion public-worker pension deficit is illegal, an Illinois judge ruled, leaving the city vulnerable to another …
July 23, 2015
There has been widening of NVCC-compliant sub-debt: Investors who leaped into Basel-compliant bonds issued by Canadian banks to great fanfare are likely regretting their haste. A year on, the reward for taking on the risk …
July 22, 2015
So evidence is accumulating that the deterioration of the Treasury market is having an effect on corporate new issues (although some might say it’s the other way ’round): News of a debt offering from Intel …
RY.PR.O Weak On Light Volume
Royal Bank of Canada has announced: it has closed its domestic public offering of Non-Cumulative, Preferred Shares Series BI. Royal Bank of Canada issued 6 million Preferred Shares Series BI at a price of $25 …
July 21, 2015
Commodities got smacked yesterday. Today it was technology’s turn: The biggest technology rally since October was knocked cold, as disappointing earnings reports punished Microsoft Corp. and left Apple Inc. in danger of its worst-ever loss …
July 20, 2015
Commodities got smacked today: The Bloomberg Commodities Index is holding losses after dropping Monday to a 13-year low, weaker than after the banking meltdown of 2008 and the euro-zone crisis of 2012. From oil to …
July 17, 2015
The loonie got smacked today: Canada’s currency weakened past C$1.30 per U.S. dollar for the first time since 2009 amid speculation the nation’s central bank will cut interest rates again to fight the economic damage …
July 16, 2015
The treasury curve flattened today: Enough distractions! Treasury investors are turning their attention back to the business of when U.S. interest rates go up. The yield curve has flattened the most in four months in …
July 15, 2015
The rate cut has caused increased concern over housing prices: The move overrides concerns from real estate executives and some economists that lower rates will lead to increased borrowing, skyrocketing prices and put housing markets …