.

SmartMoney Blogs

Real-Time Advice
Our real-time advice on how market shifts and news impact you and your money

Canada’s New ‘Yankee’ Bond: Worth a Look?

Canada is making it easier for many Americans to snap up one of its most in-demand products: triple-A-rated government bonds.

On Tuesday, Canada sold a $3 billion five-year “Yankee” bond, the first U.S.-dollar denominated offering by Canada since September 2009. According to a report today in the Wall Street Journal, offers by fund managers and central banks to purchase the latest bond outstripped the number of bonds by a factor of at least three to one. Despite the quick sale, these new crop of bonds should be easier for regular investors to buy and sell than those denominated in the Canadian dollar, says Anthony Valeri, fixed income strategist for LPL Financial. “It’s probably going to be more liquid,” says Valeri.

The new bonds come at a time when U.S. investors have been turning to our northern neighbors for safe, conservative investments. Through October, investors bought $7 billion of the country’s sovereign bonds and government-backed debt, up 12% from the start of last year, according to the most recent data available from fund tracker Morningstar and Ipreo, a market research firm. All the excitement spurred a first last November: an all Canada bond fund launched by fund giant Pacific Investment Management Co., the PIMCO Canada Bond Index fund (CAD).

After the U.S. was stripped of its Triple-A status by Standard & Poor’s, many investors waited for the other credit rating agencies to follow suit. But Canada, with its lower debt levels and stronger banking system, has emerged as a bright spot amid concerns of a global economic slowdown. For American investors, the bonds offer an alternative to U.S. Treasurys, says Valeri. “They’re not under the threat of a downgrade like the U.S. is,” says Valeri. The new bonds seem aimed at American investors who are looking to get the quality of a Canadian bond while not having to worry about currency fluctuations, says Eric Jacobson, director of fixed income research for Morningstar.

Still, investors should keep in mind that the bonds might not be a great fit if they’re looking for higher yields, analysts say. At an average of 2%, yields on 10-year Canadian bonds are in line with Treasurys. And the increased popularity of the bonds has already pushed yields down by roughly a percentage point from a year ago, and bond yields could keep sinking as global interest–and access—grows, analysts say.  Then there is interest rate risk:  Canadian bonds would also drop in value along with U.S. government bonds if Treasury yields increase, says Jacobson.

Even with the new offering, options for buying the bonds are more limited than buying bonds at home. There is no equivalent of Treasurydirect.gov where people can purchase Canadian government bonds on their own, but the bonds are generally available on the secondary market, says Valeri. Investors typically must spend a minimum of $1,000, but experts say they can get better pricing with larger purchases. These bonds may also get a bigger presence in mutual funds and ETFs as investors continue showing greater interest in highly rated bonds, says Valeri.

Comments

We welcome thoughtful comments from readers. Please comply with our guidelines. Our blogs do not require the use of your real name.

Comments (5 of 8)

View all Comments »
    • SpotFN is the world’s largest and most trusted binary option trading!

      • No Download Required, User Friendly Trading Platform
      • Advanced Trading Features
      • No Prior Trading Experience Required
      • Quick profits, Easy & Fast Withdrawals
      • No Commissions, No spreads, No Hidden fees
      • A Dedicated Account Manager to Assist You

      SpotFN is a thrilling and exciting way for traders to invest in the markets

      http://tracking.binarypromos.com/SH62

    • By WebOsPublisher

      how to change my computer icon, etc now – Windows XP
      .similar
      font-size:12px;
      line-height:125%;
      padding:10px 25px;

      .similar p margin-top:10px;
      It is currently Sat, 08 Dec 2012 08:11:44 GMT
      Board index » Windows XP
      All times are UTC
      how to change my computer icon, etc now
      Author
      Message
      susa#1 / 2
      how to change my computer icon, etc now
      there is no longer the same "effects" tab in the display properties dialogue. how do you now change the icons for my computer, network neighborhood, my docs, and the recycle bin? do you need to create a theme or something?
      Sat, 20 Mar 2004 00:31:44 GMT
      Doug Knox MS-MV#2 / 2
      how to change my computer icon, etc now
      Display Properties, Desktop tab, Customize button. — Doug Knox, Microsoft MVP MPS-D Win 95/98/Me/XP Tweaks and Fixes dougknox.com =============================== Associate Expert – Windows? XP ExpertZone – microsoft.com/windowsxp/expertzone =============================== All replies to the newsgroups only please! Unsolicited e-mail is not answered.
      Sat, 20 Mar 2004 00:52:38 GMT
      Page 1 of 1
      [ 2 post ]
      Similar Threads
      1.changing my computer icon etc
      how do you change the my computer icon,my document icon etc thanks
      2. change in icons etc.
      3. changing default folder icons etc in registry
      4. Icons have changed in my computer
      5. Changing Icons in My Computer
      6. My computer icon changed
      7. Change My Computer Icon name
      8. Changing Icons in My Computer
      9. Changing the removable drive icon in my computer
      10. Drive Icons in My Computer not changing
      Powered by phpBB © 2000, 2002, 2005, 2007 phpBB Group.
      Designed by ST Software

      http://id.lenta.ru/profile/108850/

    • By WebOsPublisher

      Cell icons. Download more than 150,000 icons in PNG or ICO format.
      Cell icons | Icon Search Engine | 3
      (function()document.getElementsByTagName(‘body’)[0]).appendChild(bsa);
      )();
      Search
      Browse
      Newest icon sets
      Popular icon sets
      Largest icon sets
      Tags
      Alphabetic list
      About
      About IconFinder
      API
      Labs
      Terms of service
      Help & Support
      Blog
      Submit icons
      Get early access to our marketplace
      Paginated
      Continuous
      Background color
      0 px12 px16 px24 px32 px48 px64 px128 px256 px512 px0 px12 px16 px24 px32 px48 px64 px128 px256 px512 px
      No license filtering
      Allowed for commercial use
      Allowed for commercial use (No link required)
      Your search for ‘cell’ did not match any icons.
      Try to reset all filters- both the size slider and the license dropdown.
      Browse through all the icon sets.
      Submit icons for this search term.
      Give us feedback
      © Iconfinder 2012 – Free icons – Labs – Made in Copenhagen

    • By WebOsPublisher

      Stop searching for the right file icons and get a perfect new icon,text icon,transfer icon,and many others in a single collection. Bright and beautiful icon files for any modern project.
      A New Icon Set for Every Program: Sleek Professional File Icons in a Complete Collection
      Business Icons
      User Icons
      Computer Icons
      Web Icons
      Hardware Icons
      Database Icons
      Office Icons
      City Icons
      Mobile Icons
      Medical Icons
      Network Icons
      Bank Icons
      Security Icons
      Telecom Icons
      Blog Icons
      People Icons
      Multimedia Icons
      Doctor Icons
      Science Icons
      File Icons
      Internet Icons
      Design Icons
      Other icons
      Download
      License
      Purchase
      Stylish file icons don’t have to cost developers a significant part of their budget. Our comprehensive collection of icon files has been professionally created by a designer and will make a positive impression on your users with every use of your application.
      Displaying a uniform attractive look that integrates wonderfully with modern raster graphics, this set includes a new icon, text icon, transfer icon, and a wide selection of others, all in several sizes, formats, and transparencies.
      Your order gets you a complete set of unique icons depicting various file types and operations. Each image comes in multiple states, resolutions and formats. Each icon comes in all sizes of 16×16, 20×20, 24×24, 32×32, and 48×48 pixels, and three states: normal, disabled, and highlighted. Color depths of 256 colors and 32-bit True Color are supported. All icons are supplied in Windows Icon (ICO), Bitmap (BMP), GIF, and PNG formats. The entire set of 90 icons is available for only $39.95.
      Perfect File Icons
      Open file
      Save file
      New file
      Add
      Create
      Remove
      Delete
      Erase
      Discard
      Denied access
      Warning
      Error
      Approve
      Check
      Next
      Previous
      Settings
      Text file
      Import text
      Export text
      Check file
      Corrupt text
      Text file error
      Properties
      Rename document
      File attribute
      Clear document
      Edit document
      Burn document
      Burn sheet
      Graphic file
      Picture file
      Drawing
      Music
      Audio
      Sound file
      Mp3
      Video file
      Blank
      Report
      Binary data
      Site map
      Structure
      Certificate document
      Event manager
      Form
      Price list
      Filights
      Personal
      Staff
      Profile
      Locked
      Lock
      Menu
      Media
      ISO image
      Multy- language
      Charts
      In progress
      Resources
      Property
      Financial
      Commertial
      Contract
      Index
      Info
      Help
      Free
      Plan
      Schedule
      Favourites
      Exchange
      Awards
      Database
      Table
      Tables
      Archive
      Letter
      Contacts
      Web
      Figures
      Archive file
      Multimedia
      File transfer
      Folder
      Documents
      Hot documents
      Folder sharing
      Closed folder
      Card file
      Download demo icons
      Purchase this icon set for $39.95 now!
      A File Icon Set with All the Right Options and a Professional Design
      Don’t compromise on quality when it comes to your project’s toolbar icons. Use our complete file icons to get the best new icon for every function, every time. When you choose professional, consistent design, your users will thank you.
      Nearly every program produced today offers a number of functionalities and options for working with files, and representing these options with the right icons is an important part of the visual message that developers send to their users. With the right file icons, developers can feel confident about the stylistic presentation of their application, adding to the user experience with clear and easily remembered graphics. Our complete set of icon files is packed with graphics that will provide the perfect icon for any operation.
      When you work with our file icons, you’ll discover why professional design and a range of custom options makes a major difference in the ease and efficiency of your project as well as the reaction from your users. Our set is equipped with numerous file icons including a transfer icon, new icon, text icon, and other simple models, but also features less common icons for lists and multimedia, tables and scheduling, and even favorites and awards. With the many types of toolbar icons included in this set, you can rely on having the right image for your operation at every step of the development process.
      We’ve ensured that our file icons set is as easy to use as it looks, and we offer every icon in a variety of resolutions, use states, and image formats. You can incorporate any icon in the collection into your project at a size ranging from 16 x 16 all the way up to 48 by 48, and all icons are available as ICO, PNG, and BMP formats. Along with these exciting customization options, our file icons are available in regular, hot, and disabled transparency modes, giving your menu a truly professional look.
      There’s no need to compromise on quality for your file icons. Whether you’re creating an application that focuses on file creation or manipulation, or files are only a small part of your projects functionality, you can realize significant benefits through the use of our icon files selection. Just as creating sensible, easy-to-navigate text menus is an essential component of creating a quality program, so too do great projects rely on great icons. Let our file icon collection add value and visual appeal to your project.
      Website Icons | Stock Icons | Download Icons | Buy Icons | Icons for Website | Support
      Copyright © 2005-2012 Aha-Soft. All rights reserved.
      Individual Ready Icons
      You can buy individual icons to suit your needs. Each icon is $5 when purchased individually.
      Icon Usage Agreement
      Tweet
      Large Weather Icons depict different weather conditions typical in software, weather portals, and mobile gadgets. The images arprovided in all sizes standard to Windows, Mac OS, and other platforms. The largest versions are huge 512×512 pixel images with vector sources in Adobe Illustrator (.ai) format easily available and ready to be printed or used in presentations in highest resolution.
      View icon set
      Medical Icons for Vista has been created to avoid any misconceptions appearing while viewing a medical webpage or using a medical software. The icons are provided in numerous sizes and formats.
      View icon set
      Vista Toolbar Icons. A collection of practical and eye catching icons representing all basic operations required for surfing the internet or using various applications.
      View icon set
      Making software for hotel industry can be quite a challenge, and rarely there is time to design GUI for your product. With Standard Hotel Icons you will instantly get all the images you need at a reasonable price.
      View icon set
      Making a software application is a serious task. It takes up a lot of thought, skill, and, certainly, a bright set of icons to be used for toolbars, menus e t c. And here is the part we can assist you with. Download our 48×48 Free Time Icons set and see it enhance your project instantly.
      View icon set

    • how to make their money work for them. Covering savings in a bank, bods, sotkcs, and how to read the financial pages, Growing Money is a superb guide and since it’s written simply enough for a young person to learn from, it also makes excellent starter reading for adults who have never dabbled in investing before. The prose text is in large type and very straightforward, but does not talk down to the reader. Growing Money is a superior and highly recommended introductory guide, especially for the young people growing up in this brand new era of electronically transmitted investment capital.

About Real-Time Advice

  • How breaking news — in the markets, Washington, and around the world — affects you and your money. Have a question about how current events may change your financial future? Email us at ask@smartmoney.com.

.