Search Results for: iqw

Primers

Retractions

On an old thread regarding RY.PR.K, Assiduous Reader Kaitas21 asked: Hi Hymas, I wonder if you could shed some light on the RY.PR.K or even the recent Brookfield Asset Management 5.00% Cumulative, Convertible Class A …

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Market Action

January 22, 2008

Shock and awe in the markets today as the Fed cut 75bp to 3.5% and the Bank of Canada cut 25bp to 4.0%. James Hamilton at Econbrowser labels the Fed move an attempt to mitigate damage: …

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Market Action

January 21, 2008

Unlike Quebecor, the monoline ACA Capital Holdings (of CIBC and Merrill Lynch fame) was given a little breathing room by its creditors, presumably on the grounds that it doesn’t make much difference. Three comments from the story are of …

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Market Action

January 14, 2008

I spent a lot of time this afternoon worrying about my Assiduous Readers. “Geez”, I thought, “There’s nothing going on today and I can’t think of anything interesting to say about it. What will I …

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Market Action

January 11, 2008

A few stories continued today … MBIA announced its deeply subordinated bond issue (noted on January 9 will carry a yield of 14%: MBIA’s yield is equivalent to 956 basis points higher than U.S. Treasuries of …

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Market Action

January 10, 2008

Accrued Interest compares a list of the top ten corporate bond issuers (by weight) with the top ten components of the S&P 500 (by weight) and speculates that the apparent divergence between the stock and …

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Market Action

January 3, 2008

Here’s a switch! US ABCP outstanding actually increased last week, from USD 747.6-billion to USD 773.8-billion. It has been suggested that the market is stabilizing … but I’ll wait for a little more data, not …

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Market Action

December 20, 2007

I’m sorry. I had witty & trenchant analysis planned, the secrets of the universe unveiled and was even going to tell you what the price of oil will be exactly one year hence … but …

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Market Action

December 18, 2007

More news today on the LIBOR front … the ECB is offering unlimited Euros for a two week term at 4.21%. There was an instant reduction in two week Euro-LIBOR: The rate banks charge each …

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