Trading Ideas

LB.PR.H : Convert or Hold?

It will be recalled that LB.PR.H will reset At 4.123% effective June 15, 2019. LB.PR.H is a NVCC-compliant FixedReset, 4.30%+255, that commenced trading 2014-4-3 after being announced 2014-3-25. The extension was announced 2019-5-7. This issue is tracked by HIMIPref™ but relegated to the Scraps F ...

May 24, 2019

HIMIPref™ Preferred IndicesThese values reflect the December 2008 revision of the HIMIPref™ IndicesValues are provisional and are finalized monthly Index MeanCurrentYield(at bid) MedianYTW MedianAverageTradingValue MedianMod Dur(YTW) Issues Day’s Perf. Index Value Ratchet 0.00 % 0.00 % ...

New Issue : CM FixedReset, 5.15%+362, NVCC

Canadian Imperial Bank of Commerce has announced: that it had entered into an agreement with a group of underwriters led by CIBC Capital Markets for an issue of 10 million Basel III-compliant Non-cumulative Rate Reset Class A Preferred Shares Series 51 (Non-Viability Contingent Capital (NVCC)) (the ...

New Issue : TD FixedReset 5.10%+356, NVCC

The Toronto-Dominion Bank has announced (although not yet on their website): a domestic public offering of Non-Cumulative 5-Year Rate Reset Preferred Shares (non-viability contingent capital (NVCC)), Series 24 (the “Series 24 Shares”). TD has entered into an agreement with a group of underwrite ...

May’s Resignation means Brexit is Back to Square One

One word perfectly sums up the events of this week. Disappointing.  For some it began with the uninspiring conclusion of Game of Thrones, long-term stock investors grimaced at the lack of progress with the US-China trade war, and FX traders will see the British pound remain in limbo after Prime Mi ...

Current Trend of Declining Rates Seen as Part of a Large Base

Editor's Note: This article was originally published in Martin Pring's Market Roundup on Friday, May 24th at 4:42pm ET. This week has seen many interest rate series, both in the US and around the world, breaking down from important trading ranges or reaffirming previous breaks. It seems that t ...

Coty Gets Better Looking (COTY)

The four-year chart for Coty (COTY), a consumer staples fashion house, has not been one of beauty; rather, it looks like ten miles of bad road, as dad used to say. This month, though, something happened that changed the trend and put lipstick on my interest in the stock. Let's walk through the i ...

Theresa May’s resignation is not good news for British pound, say analysts

The British pound strengthened broadly against its rivals on Friday as U.K. Prime Minister Theresa May announced her resignation, after her deals to usher Britain out of the European Union failed and she lost the confidence of her political inner circle Sterling GBPUSD, +0.1027% was trading at $1.2 ...

What Kind of Currency Bounce is This?

Overview:  It seems clear that the world's two largest economies slowed before the tariff truce ended.  Many investors believe that the tariff truce helped stop the equity market meltdown through most of Q4 18.  The net result of weaker stocks and lower bond yields seems reasonable.  The do ...

USD/JPY – Investor angst boosts safe-haven yen

USD/JPY is almost unchanged on Friday. In the North American session, the pair is trading at 109.60, up 0.01% on the day. On the release front, Japanese National Core CPI improved to 0.9%, matching the forecast. The All Industries Activity indicator declined 0.4%, marking a fifth successive decline ...