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Cdn. Yield: Corps, Trusts, GICs, Pref. Shares
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Re: TC .Top cat or trapI am still trying to figure this out.... Best guess? For confident market timers, the time to buy the 3month + fixed rate base instruments is BEFORE the yield curve inverts in a rising interest rate environment. For confident market timers, now or in the near future may be a good time to buy the preferreds whose fixed rate base is a function of 5 year government bond yields. The bet assumes that the central banker will continue to raise overnight rates. Assume broad financial markets bottom sometime in 2023. What will be the better bet in the world of oligopoly services (banks, telecoms, pipelines, etc.)? The preferred shares or the commons shares? |
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