Returns in Canada’s bond market exceeded the rest of the world in 2010, gaining the most in five years, and may outperform again this year amid record foreign purchases of the nation’s fixed-income securities.
The Bank of America Merrill Lynch Canada Broad Market Index, which tracks 1,150 federal, provincial and corporate bonds with a par value [...]
Posts Tagged ‘credit market’
Canadian bonds beat world
January 8th, 2011 by Financial Writer
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more...Are the markets back? Reply is hazy - The Buzz
December 15th, 2010 by Financial Writer
It’s been a long way back, but two of the most widely watched stock market barometers are now trading right around where they were before the financial excrement really hit the fan in September 2008.
The Dow closed Tuesday at 11,476.54, its highest close since September 8, 2008 — a week before the bankruptcy of Lehman [...]
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Mortgage-Bond Slump ‘Won’t Be Fun’ for Housing: Credit Markets
December 13th, 2010 by Financial Writer
A slump in government-backed mortgage securities that’s sent yields to the highest level since May is threatening a recovery in the U.S. housing market, which had been bolstered by record-low borrowing costs.
Yields on Fannie Mae-guaranteed securities that most affect loan rates jumped as high as 4.21 percent today, an increase [...]
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Icahn slams CIT restructuring, offers $6B loan
October 19th, 2009 by Financial Writer
Billionaire investor Carl Icahn sent a scathing letter to troubled lender CIT on Monday, calling its restructuring plan “a bad-faith attempt to buy votes.”
Icahn, a legendarily activist investor, is a CIT bondholder and is trying to unseat what he calls the company’s “incompetent and unconscionable” board of directors.
Icahn’s letter skewered CIT’s (CIT, Fortune 500) $6 [...]
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