Q: Hi Team, Canaccord's reset preferred has been reset at the following rates: fixed 5 year = 3.8850% the variable rate is at 3.722%. Given that the spread between the 5 year Gov't and the 3 month Tbill is narrow at .163% Is it logic at this point in time to take a chance and convert from the fixed rate preferred to the variable rate preferred? If interest rates do go up will the variable reset out perform the fixed rate preferred?
Cheers David
Cheers David