I received an eMail from an Assiduous Reader today, asking whether I agreed that the pref market was looking rather frothy. Well – I agree it’s frothy, in that there are huge discrepencies between issues – it’s not …
Search Results for: performance
January 4, 2008
There’s a real dearth of news and informed commentary today! The US had a bad jobs number today, but that’s about it. Otherwise, the only thing I saw today of even passing interest was Springfield, …
January 2, 2008
Accrued Interest leads off with a very informative discussion of American Municipal Bond Insurance, something that is in the news lately, what with credit problems and Berkshire Hathaway’s entry to the field. A very light …
HIMIPref™ Index Rebalancing : December 31, 2007
HIMI Index Changes, December 31, 2007 Issue From To Because BAM.PR.G Scraps FixFloat Volume TOC.PR.B Scraps Floater Volume CM.PR.D PerpetualPremium PerpetualDiscount Price PWF.PR.H PerpetualDiscount PerpetualPremium Price ENB.PR.A PerpetualDiscount PerpetualPremium Price ACO.PR.A OpRet Scraps Volume Index …
MAPF Portfolio Composition : December 2007
There was a good level of trading in December, most of it intra-sector. MAPF Sectoral Analysis 2007-12-31 HIMI Indices Sector Weighting YTW ModDur Ratchet 0% N/A N/A FixFloat 0% N/A N/A Floater 0% N/A N/A OpRet …
Best & Worst Performing Issues : December, 2007
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 …
December 31, 2007
Hurrah! 2007 is finally over! Strong performance from the PerpetualDiscounts again, but all this is on relatively light volume. Santa brought me exactly what I asked for. Happy New Year! Best Wishes for 2008! Note …
December 27, 2007
Sorry, folks! What with month-end, year-end and a chess tournament, I am just plain out of time! There was good performance in the market today, but volumes were markedly lower now that tax-loss-selling season is …
Willem Buiter's Prescription
Willem Buiter of the London School of Economics has authored Lessons from the 2007 Financial Crisis, published by the Centre for Economic Policy Research. The paper includes one thoroughly delicious quote that shows the author …
December 19, 2007
Today’s big news was the downgrade of ACA Financial by S&P, the subject of speculation on December 13. According to the S&P Press release: The rating actions were prompted by worsening expectations for the performance …