I have been posting a lot lately about how horrible June has been for preferred shareholders – see, for example, Party Like it’s 1999!, New Trough for Preferreds? and Market Timing?. And I will be …
Search Results for: performance
June 26, 2008
Tireless researchers in PrefBlog’s Department of Things That Don’t Really Make a Whole Lot of Sense have been looking at the various Commerce issues lately… CM Perpetuals Issue Dividend Quote Pre-TaxBid-YTW CM.PR.J 1.125 17.63-83 6.39% …
June 24, 2008
An interesting bit of NRSRO news today … the Treasury is jumping on the bandwagon, albeit with an afterthought that makes sense: There must be changes in credit-rating companies’ practices, as well as in the …
RPB.PR.A on Credit Watch Negative: S&P
ROC Pref III Corp has announced: its Preferred Shares have been placed on CreditWatch with negative implications. The move comes as a result several downgrades of companies held in the Reference Portfolio including the monoline …
June 16, 2008
The OSFI/ABCP post has been updated with news of remarks by Supt. Dixon to the Commons Finance Committee. Another very – very – poor day in the market. Volume, though, was relatively light. Now, this …
New Trough for Preferreds?
Doom! Carnage! Destruction! There have been better days, as Napolean said at Waterloo. The market was down significantly today as inflation fears appear – for the nonce – to be affecting corporates as much as …
MAPF Portfolio Composition: May 2008
Trading continued to be slow in May, with only about 30% of portfolio value being traded – and at that, much of the activity was intra-issuer. On a net basis, there was a slight shift …
Best and Worst Performers: May, 2008
These are total returns, with dividends presumed to have been reinvested at the bid price on the ex-date. The list has been restricted to issues in the HIMIPref™ indices. Issue Index DBRS Rating Monthly Performance …
May 30, 2008
Naked Capitalism republishes a review of potential problems in the CDS market. Changes were rumoured the LIBOR setting mechanism: The group that sets the London interbank offered rate can restore its credibility by following the …
Willem Buiter's Revised Prescription
Willem Buiter has authored a paper Lessons from the North Atlantic Financial Crisis, which updates his previously reviewed ‘Lessons…’. He states: Very rapid growth of the broad monetary and credit aggregates could (and should) have …