- Last August I wrote about the Canadian preferred share market and it's time for an update.
- Rate reset preferreds benefit from rising interest rates but at the time I cautioned that the market was overvalued and highly sensitive to credit spreads.
- Since publication, the rate reset preferred market has had a terrible time. But there are now opportunities to be had.
- Headwinds of rising credit spreads and central banks withdrawing liquidity means it's not a slam dunk investment though.
For further details see:
Taking (Another) Peak At The Canadian Preferred Share Market