Earnings
January 23, 2018 - AX.UN
New! Artis REIT - Price Target Update .....
January 20, 2018 - AAR.UN
Pure Industrial REIT - Acquisition Update .....
January 19, 2018 - EXE
Extendicare REIT - Price Target Update .....
January 18, 2018 - DIR.UN
Dream Industrial REIT - Earnings & Price Target Update .....
January 17, 2018 - WIR.U
WPT Industrial REIT - Earnings Update .....
January 16, 2018 - SMU.UN
Summit Industrial REIT - Price Target Update .....
January 13, 2018 - CHE.UN
Chemtrade Logistics Income Fund- Price Target Update .....
January 12, 2018 - NTR
Nutrien Inc. - 2018 Earnings Forecast .....
Recommendation Changes
SMU.UN, FTS, AQN, SJR.B, FN, more...

US Dollar Trend - Updates: DRG, MRG, AAR, PLZ, Preferred Shares

This is only a sample of the article, please login to view the entire article

Currencies and interest rates were more volatile last week. The US Dollar Index (DXY) weakened 1.7% and 10 year benchmark bond yields rose by about one fifth of a percent. These are large changes over a short period, and seem contradictory.

The Canadian dollar was joined by the Euro, Pound, Aussie, Yuan, Real and Rouble, all of which gained decently in value compared to the US dollar. Also, capital is temporarily leaving the bond market to chase higher returns in equities. Any strategy has built in limitations, for this one it takes only a small increase in yields for the capital to return to bonds.

The exit of capital from sectors used by yield-focused investors is what creates opportunity, since the higher yields if solid, greatly minimize downside risks and most importantly provides for higher income. The tug of war between yields and values is highly evident in the Canadian preferred shares sector where the variable rate preferreds made another move higher in response to the Bank of Canada potential 25 basis point rate increase.

You must be a member to view the entire article, please subscribe or login


Login
Username
Password
New Issues & Acquisition
January 22, 2018
New! Atlantic Power Corporation - New Convertible Debenture
January 22, 2018
New! Artis REIT - 6% Minimum Rate Reset Preferred Units New Issue
January 19, 2018
New! Coverage Universe - Weekly Price Change Jan 12-19, 2018
January 17, 2018
New! Slate Office REIT - New Convertible Debenture
January 15, 2018
Brookfield Infrastructure Partners LP - 5% Minimum Rate Reset Preferred Share New Issue
January 14, 2018
Preferred Share Recommendations(Historical) - Fixed Rate & Rate Reset
January 12, 2018
National Bank 0 4.6% Rate Reset Preferred Share New Issue
January 11, 2018
CIBC 4.5% Rate Reset Preferred Share New Issue