Post by
SusanBolland on Jul 28, 2022 9:39am
The cost of money
All this talk about a "Rising interest rate enviroment" and the Canadain 10 year bond has fallen from 3.6% in June to 2.65% today..... The Netherland 10 year bond has fallen from 2.11% in June to 1.11% today.... The bond market is telling you that the central banks cant keep raising rates and might in fact have to start cutting in 6 months...
Comment by
BrainNugget on Jul 29, 2022 12:27pm
The biggest knock against ERE now is the ongoing decline of the EURO vs dollar, it more than cancels out their tepid growth and accounts for most of the drop in NAV. In spite of all that i still believe it is good value here.
Comment by
DrSamantha on Jul 31, 2022 8:24am
Td has the current nav at $4.10 Euro, even at todays exchange that equals $5.37 Canadian. It appears they are growing top line Rev by 5%