PerpetualDiscounts rocketted up, led by insurers, in a day of fairly light volume.
Performance Highlights |
Issue |
Index |
Change |
Notes |
BAM.PR.B |
Floater |
-3.17 % |
YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2039-03-13
Maturity Price : 7.03
Evaluated at bid price : 7.03
Bid-YTW : 6.23 % |
GWO.PR.F |
Perpetual-Discount |
-2.51 % |
YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2039-03-13
Maturity Price : 19.01
Evaluated at bid price : 19.01
Bid-YTW : 7.80 % |
GWO.PR.G |
Perpetual-Discount |
-1.84 % |
YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2039-03-13
Maturity Price : 16.00
Evaluated at bid price : 16.00
Bid-YTW : 8.17 % |
PWF.PR.E |
Perpetual-Discount |
-1.70 % |
YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2039-03-13
Maturity Price : 17.30
Evaluated at bid price : 17.30
Bid-YTW : 8.11 % |
GWO.PR.J |
FixedReset |
-1.70 % |
YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2039-03-13
Maturity Price : 22.57
Evaluated at bid price : 22.61
Bid-YTW : 5.65 % |
IGM.PR.A |
OpRet |
-1.58 % |
YTW SCENARIO
Maturity Type : Soft Maturity
Maturity Date : 2013-06-29
Maturity Price : 25.00
Evaluated at bid price : 25.60
Bid-YTW : 5.08 % |
BNA.PR.C |
SplitShare |
-1.39 % |
Asset coverage of 1.7-:1 as of February 28, according to the company.
YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2019-01-10
Maturity Price : 25.00
Evaluated at bid price : 10.63
Bid-YTW : 16.44 % |
CM.PR.K |
FixedReset |
-1.15 % |
YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2039-03-13
Maturity Price : 21.50
Evaluated at bid price : 21.50
Bid-YTW : 5.10 % |
BMO.PR.L |
Perpetual-Discount |
1.02 % |
YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2039-03-13
Maturity Price : 19.80
Evaluated at bid price : 19.80
Bid-YTW : 7.42 % |
CM.PR.M |
FixedReset |
1.02 % |
YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2039-03-13
Maturity Price : 23.01
Evaluated at bid price : 24.66
Bid-YTW : 6.23 % |
TCA.PR.Y |
Perpetual-Discount |
1.06 % |
YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2039-03-13
Maturity Price : 45.32
Evaluated at bid price : 47.50
Bid-YTW : 5.93 % |
PWF.PR.L |
Perpetual-Discount |
1.09 % |
YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2039-03-13
Maturity Price : 15.76
Evaluated at bid price : 15.76
Bid-YTW : 8.26 % |
RY.PR.L |
FixedReset |
1.12 % |
YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2039-03-13
Maturity Price : 23.47
Evaluated at bid price : 23.51
Bid-YTW : 5.03 % |
RY.PR.A |
Perpetual-Discount |
1.12 % |
YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2039-03-13
Maturity Price : 16.21
Evaluated at bid price : 16.21
Bid-YTW : 6.95 % |
BNS.PR.M |
Perpetual-Discount |
1.18 % |
YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2039-03-13
Maturity Price : 16.32
Evaluated at bid price : 16.32
Bid-YTW : 7.02 % |
NA.PR.K |
Perpetual-Discount |
1.20 % |
YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2039-03-13
Maturity Price : 20.22
Evaluated at bid price : 20.22
Bid-YTW : 7.34 % |
BMO.PR.M |
FixedReset |
1.20 % |
YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2039-03-13
Maturity Price : 21.00
Evaluated at bid price : 21.00
Bid-YTW : 4.47 % |
BAM.PR.O |
OpRet |
1.21 % |
YTW SCENARIO
Maturity Type : Option Certainty
Maturity Date : 2013-06-30
Maturity Price : 25.00
Evaluated at bid price : 20.85
Bid-YTW : 9.81 % |
TD.PR.Y |
FixedReset |
1.25 % |
YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2039-03-13
Maturity Price : 20.25
Evaluated at bid price : 20.25
Bid-YTW : 4.75 % |
MFC.PR.D |
FixedReset |
1.27 % |
YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2039-03-13
Maturity Price : 23.93
Evaluated at bid price : 23.97
Bid-YTW : 6.70 % |
POW.PR.A |
Perpetual-Discount |
1.41 % |
YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2039-03-13
Maturity Price : 18.00
Evaluated at bid price : 18.00
Bid-YTW : 7.96 % |
RY.PR.F |
Perpetual-Discount |
1.46 % |
YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2039-03-13
Maturity Price : 16.00
Evaluated at bid price : 16.00
Bid-YTW : 7.05 % |
BNS.PR.L |
Perpetual-Discount |
1.47 % |
YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2039-03-13
Maturity Price : 16.61
Evaluated at bid price : 16.61
Bid-YTW : 6.90 % |
BNS.PR.O |
Perpetual-Discount |
1.47 % |
YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2039-03-13
Maturity Price : 20.06
Evaluated at bid price : 20.06
Bid-YTW : 7.11 % |
POW.PR.B |
Perpetual-Discount |
1.53 % |
YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2039-03-13
Maturity Price : 17.30
Evaluated at bid price : 17.30
Bid-YTW : 7.91 % |
BMO.PR.K |
Perpetual-Discount |
1.54 % |
YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2039-03-13
Maturity Price : 17.75
Evaluated at bid price : 17.75
Bid-YTW : 7.49 % |
SLF.PR.C |
Perpetual-Discount |
1.56 % |
YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2039-03-13
Maturity Price : 13.66
Evaluated at bid price : 13.66
Bid-YTW : 8.19 % |
BAM.PR.M |
Perpetual-Discount |
1.56 % |
YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2039-03-13
Maturity Price : 12.35
Evaluated at bid price : 12.35
Bid-YTW : 9.68 % |
CM.PR.E |
Perpetual-Discount |
1.59 % |
YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2039-03-13
Maturity Price : 18.48
Evaluated at bid price : 18.48
Bid-YTW : 7.73 % |
GWO.PR.I |
Perpetual-Discount |
1.65 % |
YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2039-03-13
Maturity Price : 14.20
Evaluated at bid price : 14.20
Bid-YTW : 7.97 % |
RY.PR.C |
Perpetual-Discount |
1.73 % |
YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2039-03-13
Maturity Price : 16.51
Evaluated at bid price : 16.51
Bid-YTW : 7.06 % |
IAG.PR.A |
Perpetual-Discount |
1.81 % |
YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2039-03-13
Maturity Price : 14.61
Evaluated at bid price : 14.61
Bid-YTW : 7.91 % |
RY.PR.D |
Perpetual-Discount |
1.84 % |
YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2039-03-13
Maturity Price : 16.05
Evaluated at bid price : 16.05
Bid-YTW : 7.10 % |
BMO.PR.J |
Perpetual-Discount |
1.84 % |
YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2039-03-13
Maturity Price : 16.05
Evaluated at bid price : 16.05
Bid-YTW : 7.10 % |
CM.PR.G |
Perpetual-Discount |
1.95 % |
YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2039-03-13
Maturity Price : 17.78
Evaluated at bid price : 17.78
Bid-YTW : 7.75 % |
BNS.PR.R |
FixedReset |
2.02 % |
YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2039-03-13
Maturity Price : 20.70
Evaluated at bid price : 20.70
Bid-YTW : 4.83 % |
BNS.PR.N |
Perpetual-Discount |
2.02 % |
YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2039-03-13
Maturity Price : 19.15
Evaluated at bid price : 19.15
Bid-YTW : 6.98 % |
POW.PR.D |
Perpetual-Discount |
2.05 % |
YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2039-03-13
Maturity Price : 16.45
Evaluated at bid price : 16.45
Bid-YTW : 7.78 % |
RY.PR.B |
Perpetual-Discount |
2.18 % |
YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2039-03-13
Maturity Price : 16.87
Evaluated at bid price : 16.87
Bid-YTW : 7.06 % |
TD.PR.Q |
Perpetual-Discount |
2.45 % |
YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2039-03-13
Maturity Price : 20.50
Evaluated at bid price : 20.50
Bid-YTW : 6.95 % |
CM.PR.J |
Perpetual-Discount |
2.49 % |
YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2039-03-13
Maturity Price : 15.20
Evaluated at bid price : 15.20
Bid-YTW : 7.55 % |
CIU.PR.A |
Perpetual-Discount |
2.50 % |
YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2039-03-13
Maturity Price : 16.41
Evaluated at bid price : 16.41
Bid-YTW : 7.09 % |
HSB.PR.C |
Perpetual-Discount |
2.69 % |
YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2039-03-13
Maturity Price : 17.15
Evaluated at bid price : 17.15
Bid-YTW : 7.47 % |
GWO.PR.H |
Perpetual-Discount |
2.94 % |
YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2039-03-13
Maturity Price : 15.40
Evaluated at bid price : 15.40
Bid-YTW : 7.92 % |
PWF.PR.F |
Perpetual-Discount |
3.03 % |
YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2039-03-13
Maturity Price : 17.01
Evaluated at bid price : 17.01
Bid-YTW : 7.87 % |
POW.PR.C |
Perpetual-Discount |
3.15 % |
YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2039-03-13
Maturity Price : 19.01
Evaluated at bid price : 19.01
Bid-YTW : 7.81 % |
CM.PR.H |
Perpetual-Discount |
3.21 % |
YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2039-03-13
Maturity Price : 16.06
Evaluated at bid price : 16.06
Bid-YTW : 7.62 % |
CM.PR.I |
Perpetual-Discount |
3.48 % |
YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2039-03-13
Maturity Price : 15.75
Evaluated at bid price : 15.75
Bid-YTW : 7.61 % |
CM.PR.P |
Perpetual-Discount |
3.62 % |
YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2039-03-13
Maturity Price : 18.62
Evaluated at bid price : 18.62
Bid-YTW : 7.53 % |
SLF.PR.D |
Perpetual-Discount |
3.70 % |
YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2039-03-13
Maturity Price : 14.01
Evaluated at bid price : 14.01
Bid-YTW : 7.98 % |
BAM.PR.J |
OpRet |
3.90 % |
YTW SCENARIO
Maturity Type : Soft Maturity
Maturity Date : 2018-03-30
Maturity Price : 25.00
Evaluated at bid price : 17.85
Bid-YTW : 10.37 % |
TD.PR.S |
FixedReset |
4.05 % |
YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2039-03-13
Maturity Price : 20.30
Evaluated at bid price : 20.30
Bid-YTW : 4.60 % |
MFC.PR.C |
Perpetual-Discount |
4.26 % |
YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2039-03-13
Maturity Price : 14.20
Evaluated at bid price : 14.20
Bid-YTW : 7.99 % |
SLF.PR.A |
Perpetual-Discount |
4.42 % |
YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2039-03-13
Maturity Price : 14.16
Evaluated at bid price : 14.16
Bid-YTW : 8.43 % |
SLF.PR.E |
Perpetual-Discount |
5.10 % |
Traded 6,100 shares in a range of 13.80-10 before closing at 14.01-24, 1×10.
YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2039-03-13
Maturity Price : 14.01
Evaluated at bid price : 14.01
Bid-YTW : 8.07 % |
PWF.PR.H |
Perpetual-Discount |
5.46 % |
Traded 4,900 shares in a range of 18.02-29 before closing at 18.16-29, 1×3.
YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2039-03-13
Maturity Price : 18.16
Evaluated at bid price : 18.16
Bid-YTW : 8.08 % |
SLF.PR.B |
Perpetual-Discount |
5.49 % |
Traded 5,800 shares in a range of 14.40-94 before closing at 14.61-79, 5×3.
YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2039-03-13
Maturity Price : 14.61
Evaluated at bid price : 14.61
Bid-YTW : 8.26 % |
MFC.PR.B |
Perpetual-Discount |
8.94 % |
Traded 6,006 shares in a range of 14.65-16.44 before closing at 15.96-25, 3×7.
YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2039-03-13
Maturity Price : 15.96
Evaluated at bid price : 15.96
Bid-YTW : 7.34 % |
RPQ.PR.A: Underlying Note Now Rated CCC by S&P (?)
March 14th, 2009RPQ.PR.A is a stuctured product which was last discussed on PrefBlog when dividends were suspended and the rating withdrawn.
Essentially, holders of this issue have written a “financial disaster insurance policy” – they get paid coupons as a premium on their money, but have to make a massive payment if there are too many defaults in the bonds comprising the reference portfolio.
The deal was structured via a Credit Linked Note issued by the Bank of Nova Scotia; I see that this Credit Linked Note – orginally rated A- by S&P – is now rated CCC, with a rating date of March 10. I note that the December ’08 Performance Update for RPQ.PR.A (published by CC&L group, the sponsor) states that the rating for the Credit Linked Note has been withdrawn – I’m not sure what’s going on. It is possible that BNS originally had two credit linked notes with the stated maturity, and that it is an unrelated issue that is now rated CCC … but I suggest that those potentially affected by this change contact CC&L, BNS and S&P … and let me know what you find out!
I confess to a certain morbid curiosity regarding this and its related issues. RPQ.PR.A is not tracked by HIMIPref™.
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