TSX:BPO.PR.A - Post by User
Post by
SONOFFERGUSon Nov 25, 2024 5:15pm
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Post# 36329975
That was an interesting day
That was an interesting dayGoC5 tightens 10bps or so. Negative for resets.
US10 tightens 13bps or so. Helpful for BN/BPO credit concerns.
I would have guessed net negative on these 2 data points.
My guess would be wrong. The BN complex, including BPO.PRs, had a BIG green day. FWIW, the market-on-close trades pushed prices for BPO.PRs up thx to National Bank. Volume is ofc so small that it is laughably easy to move the price where one wants it.
Net, I'm confused but happy to be large long all of it. Hopefully this is the beginning of a durable uptrend.