Nothing happened today. It was another good day for the Canadian preferred share market, with PerpetualDiscounts gaining 3bp, FixedResets up 10bp and DeemedRetractibles winning 17bp. A lengthy Performance Highlights table is comprised entirely of winners. …
Search Results for: performance
June 26, 2014
The trouble with financial crises is that they’re boring. Originally, crises with global implications all came from the UK. Then they all came from the US. Nobody else had the size of capital and global …
June 25, 2014
The first quarter in the US was worse than we thought: The U.S. economy contracted in the first quarter by the most since the depths of the last recession as consumer spending cooled. Gross domestic …
June 24, 2014
Looks like we’ve entered the Even Greater Moderation: Expectations for price swings in the dollar-yen currency pair fell to a record as signs of an uneven U.S. economic recovery fueled bets the Federal Reserve will …
June 23, 2014
Matt Levine of Bloomberg ran a thoughtful – if disjointed – piece on bond market structure philosophy titled SEC Wants to Give Everyone a Chance to Be a Bond Trader: There are more fundamental structural …
June 20, 2014
The hot news today was an unexpectedly high inflation number: Inflation exceeded the Bank of Canada’s target last month for the first time in more than two years, an unexpected acceleration led by energy costs …
UST.PR.B Upgraded to Pfd-2 by DBRS
DBRS has announced that it: has today upgraded the rating of the Class B Preferred Securities issued by Utility Split Trust (the Fund) to Pfd-2 from Pfd-2 (low). Approximately 1.2 million Class B Preferred Securities …
June 19, 2014
I periodically get asked why my assets under management are so small. Perhaps I should behave more like the big boys: Staff of the Compliance and Registrant Regulation Branch (Staff or we) of the Ontario …
June 18, 2014
An audit of the Chinese Sovereign Wealth Fund has brought an amusing nugget: Auditors also found irregularities at Beijing-based CIC’s domestic units. Among them, Central Huijin Investment Ltd. lost 1.26 billion yuan ($202 million) in …
June 17, 2014
Good news, folks! When you (or your bank) applies for mortgage insurance now, there will be a large bureaucracy in place to determine whether the house is appropriate for you: The head of Canada Mortgage …