Accrued Interest leads off with some thoughts on the collapsing CMBS market. CMBS opened 40bp wider this morning – panic is the only appropriate word. Meanwhile, US CPI is normalizing: Consumer prices plunged 1 percent …
Search Results for: fbs.pr.b
November 14, 2008
Julia Dickson, OFSI Superintendent, has released a speech made to Langdon Hall Life Insurance Forum: It is best to see the current cycle through before making major changes to Minimum Continuing Capital and Surplus Requirements …
November 13, 2008
Assiduous Reader MP alerts me to the fact that both POW and PWF have filed shelf prospectuses for new series of prefs. We shall see! Accrued Interest notes that the long Treasury auction today was …
November 12, 2008
The Fed and other US regulators have released a motherhood statement on banking practices: DO lend to your regular customers DON’T pay excessive dividends DON’T be unnecessarily mean to delinquent mortgagees DON’T pay dumb bonuses …
October 24, 2008
Holy smokes. Thirty-year Treasuries hit an all-time low yield in the morning, 3.93%, following overnight carnage in overseas equities. Corporates were hugely wide. Sterling got slaughtered and Denmark bucked the trend hiking the policy rate …
ANOTHER DBRS Mass Review of Splits
The credit crunch keeps rolling … portfolio values keep dropping … and last spring’s review is no longer operable. DBRS has announced it: has today placed the rating of certain structured preferred shares (Split Shares) …
October 14, 2008
Whoosh! The Weekend Bank Rescues had an effect all right! I think Assiduous Reader Annette has it right: Banksgiving Moneyday. Accrued Interest provides some interesting colour on financial spreads while Across the Curve counsels caution …
October 9, 2008
More bad news for the BCE buy-out: The value of high-risk, high-yield loans used to fund leveraged buyouts tumbled amid speculation that more than 1 billion euros ($1.4 billion) of debt is being offered for …
October 8, 2008
As many will have noted, a lot of things haven’t been posted yet that should be posted. For various reasons – includng, but not limited to, what the market is doing, this is Misery Week. …
October 7, 2008
Via Dealbreaker comes news that CME and Citadel will be starting a CDS exchange. The follows reports yesterday that the Fed was pushing the principals of a proposed clearinghouse to get moving; the report noted: …