(i) Benchmark securities serve as a general indicator of the level and directional movement of the overall debt market. In the Canadian fixed income market, benchmark (also known as bellwether) securities are the current 3-month, 6-month, and 1 Year Government of Canada Treasury Bills and 2-year, 3-year, 5-year, 10-year and 30-year Government of Canada Bonds. Benchmark Treasury Bills and Bonds are often used to determine the relative values of other fixed income securities.
(ii) CanDeal provides institutional market participants with an electronic marketplace for Canadian dollar debt securities that delivers optimal transparency, efficient trade execution and unique business intelligence data, while reducing operational risk. Institutional investors from around the globe leverage CanDeal to gain direct access to our dealer network, including all of Canada's Primary Dealers. CanDeal is the benchmark for Canadian fixed income pricing. Sourced directly from our dealer network, hundreds of thousands of price updates are received daily to produce a real-time “bid/ask” composite of the market. For more information or to inquire about further bond information, visit www.candeal.com.
RBC Global High Yield Bond Fund
has an interesting mandate with a target mix that is split between
high-yield bonds and emerging market debt. At the end of December, managers
had the portfolio at roughly their target mix, with 52% invested in
emerging market bonds and 45% in high-yield debt. They had taken some
profits off the table in the high-yield space, and had added to the
emerging markets exposure after the U.S. election. The fund’s strategy has
produced some stellar results, especially in 2016, when it won the
Fundata FundGrade A+™ Award
for the second time.
Two of my recommended U.S. bank stocks
JPMorgan Chase (NYSE: JPM)
Wells Fargo & Co. (NYSE: WFC)
announced two very different sets of financial results for their 2016
year-end. The former blew by analysts’ estimates with a year-over-year
earnings gain of 24%. The latter left investors deeply disappointed,
posting a profit drop of 5.4% from the year before. What accounts for the
wide disparity in two of America’s largest financial institutions?
By Fund Library News Wire | Friday, March 24, 2017
By Mike Keerma
* Stocks sag through the week.
* Manulife merges funds into new portfolios
* TD debuts ETF portfolios.
* Stocks sag through the week.
The senior U.S. stock indices sagged through the week and closed Friday
with weekly losses as a major healthcare bill was pulled by Republicans
before it could be put to a vote in the House of Representatives. The
S&P 500 Composite Index
lost 1.4% on the week, while the
Nasdaq Composite Index
slid 1.2%. Toronto’s
S&P/TSX Composite Index
ended the week virtually flat, logging a hairline -0.3% loss, as a 1.4%
weekly gain in the price of
buoyed gold stocks, while the Trump Administration’s approval of
TransCanada Corp.’s (TSX: TRP)
Keystone XL pipeline helped support the energy sector at the end of the
week, despite a -1.3% week-over-week decline in the price of
Low default risk and short duration are keys to attractive risk/reward in
the current corporate credit market. There are two different scenarios that
we consider when we try to mitigate the effects of risk in the
Pender Corporate Bond Fund.