IIROC has repealed the tick-test on short sales, effective 2012-9-1. But fear not, regulation fans! They will also be “enhancing monitoring of short sales and failed trades”, so there will still be plenty of paperwork. …
Search Results for: performance
March 1, 2012
I found this ISDA ruling rather odd: Default insurance on Greek debt won’t be paid out even after the nation negotiated the biggest sovereign-debt restructuring in history, the International Swaps & Derivatives Association ruled today. …
February 29, 2012
This is US data, but more evidence that the western world is regulating itself to death: Consumers pay about 21 percent more in fees for basic checking accounts than they did six years ago, according …
February 28, 2012
I could not agree more with Stephen Gordon’s Ode to a High Exchange Rate: Exports are costs. The goal of international trade is to import goods and services; exports are the price we pay in …
February 27, 2012
There is a report that RBC may buy out the rest of RBC-Dexia: Dexia SA chief executive Pierre Mariani said he hopes to conclude discussions with Royal Bank of Canada “shortly” regarding the sale of …
February 24, 2012
It was another positive day for the Canadian preferred share market, with PerpetualPremiums up 9bp, FixedResets gaining 9bp and DeemedRetractibles winning 33bp. PerpetualDiscounts – all four of them! – shot up 69bp to decrease the …
February 23, 2012
Sorry this is late, folks! 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 …
February 22, 2012
A good day for the Canadian preferred share market, with PerpetualPremiums up 10bp, FixedResets winning 22bp and DeemedRetractibles gaining 16bp. PerpetualDiscounts rocketted up 94bp! Good volatility, highly skewed to the upside. Volume was well above …
Desperately Seeking Value
Andrew Allentuck was kind enough to both me and Malachite Aggressive Preferred Fund in his Financial Post article today, Desperately Seeking Value: Some managers add value to market returns. James Hymas’s Toronto-based Malachite Aggressive Preferred …
February 21, 2012
The Greek crisis is resolved! Or is it?: Seven months of negotiations ended in the pre-dawn hours in Brussels with Greece winning 130 billion euros ($172 billion) in aid it needs to avoid a March …