Not much price action today, as PerpetualDiscounts resumed their downward drift, losing 8bp, while FixedResets gained about 2bp. Volume was strong. PerpetualDiscounts now yield 5.78%, equivalent to 8.09% interest at the standard equivalency factor of …
Search Results for: performance
September 15, 2009
Remember the world’s worst bond fund? I discussed it on February 15, 2008. Now the sponsor has received a comeuppance: Former Chicago Bull Horace Grant won a $1.46 million arbitration award against Morgan Keegan & …
September 14, 2009
The preferred share market continued to ease off in an orderly fashion today, with PerpetualDiscounts down 17bp and FixedResets losing 9bp. All the volume action was in FixedResets but unfortunately I cannot provide any details …
September 11, 2009
Esquire has an entertaining and illuminating feature article titled The Deal of the Century, regarding last fall’s Barclays/Lehman deal. PerpetualDiscounts underperformed today, losing 22bp against the gain of 7bp by FixedResets. This means that the …
September 10, 2009
Volume picked up today, but results were mixed, with PerpetualDiscounts losing 5bp and FixedResets gaining 16bp. HIMIPref™ Preferred IndicesThese values reflect the December 2008 revision of the HIMIPref™ IndicesValues are provisional and are finalized monthly …
September 9, 2009
As far as I can make out, the National Association of Insurance Commissioners is reviewing their blind faith in credit ratings while trying to make it look like the agencies’ fault: State insurance regulators scheduled …
September 8, 2009
The G-20 summit resulted in a communique of little interest. As always, the interesting parts were not official: Curtailing bankers’ pay and bonuses has been seen as key by some countries as the current payment …
BIS to Grant Most of Treasury's Wish List
Treasury announced a bank capitalization wish-list last week prior to the G-20 London meeting. Now, the Bank for International Settlements has announced that most negotiation points will be granted. All this has obviously been orchestrated …
September 4, 2009
There are fears of a new wave of bank failures triggered by commercial real estate loans: Capmark Financial Group Inc.’s possible collapse may signal a new wave of real estate losses for banks — this …
September 3, 2009
There’s an interesting twist in emerging Credit Rating Agency law: A U.S. judge refused to dismiss a lawsuit against Moody’s Investors Service Inc. and Standard & Poor’s, rejecting arguments that investors can’t sue over deceptive …