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Canadian Corporate Bond Spread

Canadian Corporate Bond Spread. (DEX Universe Corporate versus Canada Yield Spread). Current Spreads At Recessionary Levels. 0.97%. Source: TMX Group. 1. Market Distress/ Flight to Treasury Safety. (30 Year U.S. Treasury Yield). ??. Financial Market Distress. Source: TMX Group. 2.

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Canadian Corporate Bond Spread

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  1. Canadian Corporate Bond Spread (DEX Universe Corporate versus Canada Yield Spread) Current Spreads At Recessionary Levels 0.97% Source: TMX Group 1

  2. Market Distress/ Flight to Treasury Safety (30 Year U.S. Treasury Yield) ?? Financial Market Distress Source: TMX Group 2

  3. Not The Credit Crunch Revisited! (Yield on DEX Long Corporate and Canada Indices) Credit Crunch +1.2% DEX Long Corporate Euro Crisis -.8% DEX Long Canada -.5% -1.3% Source: TMX Group 3

  4. CCIF Performance Long corporate spreads widened on hedged positions. Maple financial spreads widened. Special situations fell in illiquid markets. 4

  5. Long Canadian Corporate Spreads DEX Long Corporate versus Long Canada Index Yield Spread Source: TMX Group 5

  6. Long GE and Canada Price Difference (GECC 5.73/2037 and Cda 5%/2037 Indexed to $100 on June 30, 2011) 11% Source: TMX Group 6

  7. Long Rogers and Shaw are Excellent Value! Shaw 6.75%/ 2039 Rogers 6.11%/ 2040 Source: TMX Group 7

  8. Morgan Stanley Yield Spread (Morgan Stanley 4.9%/ 2017) Source: TMX Group 8

  9. Euro Financials Under Pressure Commerzbank 4.5%/ 2012-17 RBS 6.66% 2017 -6% HBOS 4.5%/ 2012-17 -19% -42% Source: TMX Group 9

  10. CCIF Positives Excellent yield. Interest rate hedged portfolio. Spread narrowing will benefit portfolio. Significant upside on many positions. Large cash and short term bond position. 10

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