Yellow got clobbered again!
| YLO Issues, 2011-5-26 | |||||
| Ticker | Quote 5/25 |
Quote 5/26 |
Bid YTW 5/26 |
YTW Scenario 5/26 |
Performance 5/26 (bid/bid) |
| YLO.PR.A | 23.84-95 | 22.75-85 | 11.04% | Soft Maturity 2012-12-30 |
-4.57% |
| YLO.PR.B | 17.85-99 | 17.06-10 | 12.96% | Soft Maturity 2017-06-29 |
-4.42% |
| YLO.PR.C | 18.88-00 | 18.20-60 | 9.27% | Limit Maturity | -3.60% |
| YLO.PR.D | 19.17-34 | 18.99-09 | 9.04% | Limit Maturity | -0.94% |
Apart from that, said Mrs. Lincoln, it was a very nice evening at the theatre! The Canadian preferred share market did quite well today, with PerpetualDiscounts gaining 15bp, FixedResets picking up 1bp and DeemedRetractibles winning 29bp. A good crop of winners is in the Performance Highlights table, led by CM.PR.H, which is being redeemed and followed by others that are not seeking NVCC status. Volume was good, and again CM issues were featured.
| HIMIPref™ Preferred Indices These values reflect the December 2008 revision of the HIMIPref™ Indices Values are provisional and are finalized monthly |
|||||||
| Index | Mean Current Yield (at bid) |
Median YTW |
Median Average Trading Value |
Median Mod Dur (YTW) |
Issues | Day’s Perf. | Index Value |
| Ratchet | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.0815 % | 2,462.6 |
| FixedFloater | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.0815 % | 3,703.7 |
| Floater | 2.45 % | 2.24 % | 44,485 | 21.64 | 4 | -0.0815 % | 2,658.9 |
| OpRet | 4.88 % | 3.36 % | 63,550 | 0.42 | 9 | -0.1844 % | 2,418.5 |
| SplitShare | 5.22 % | -2.16 % | 60,882 | 0.55 | 6 | 0.0000 % | 2,514.2 |
| Interest-Bearing | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.1844 % | 2,211.5 |
| Perpetual-Premium | 5.72 % | 4.96 % | 143,584 | 0.82 | 9 | 0.1694 % | 2,072.1 |
| Perpetual-Discount | 5.48 % | 5.56 % | 127,396 | 14.47 | 15 | 0.1511 % | 2,170.0 |
| FixedReset | 5.15 % | 3.19 % | 195,858 | 2.86 | 57 | 0.0159 % | 2,309.0 |
| Deemed-Retractible | 5.12 % | 4.91 % | 328,759 | 8.08 | 53 | 0.2880 % | 2,150.8 |
| Performance Highlights | |||
| Issue | Index | Change | Notes |
| ELF.PR.G | Deemed-Retractible | 1.01 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2022-01-31 Maturity Price : 25.00 Evaluated at bid price : 20.91 Bid-YTW : 7.07 % |
| BNS.PR.L | Deemed-Retractible | 1.02 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2022-01-31 Maturity Price : 25.00 Evaluated at bid price : 24.76 Bid-YTW : 4.68 % |
| RY.PR.A | Deemed-Retractible | 1.11 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2022-01-31 Maturity Price : 25.00 Evaluated at bid price : 24.61 Bid-YTW : 4.66 % |
| IGM.PR.B | Perpetual-Premium | 1.14 % | YTW SCENARIO Maturity Type : Call Maturity Date : 2019-01-30 Maturity Price : 25.00 Evaluated at bid price : 25.76 Bid-YTW : 5.51 % |
| POW.PR.D | Perpetual-Discount | 1.53 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2041-05-26 Maturity Price : 23.58 Evaluated at bid price : 23.85 Bid-YTW : 5.30 % |
| CM.PR.J | Deemed-Retractible | 2.00 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2022-01-31 Maturity Price : 25.00 Evaluated at bid price : 24.97 Bid-YTW : 4.58 % |
| CM.PR.I | Deemed-Retractible | 2.06 % | YTW SCENARIO Maturity Type : Call Maturity Date : 2016-03-01 Maturity Price : 25.00 Evaluated at bid price : 25.21 Bid-YTW : 4.61 % |
| CM.PR.H | Deemed-Retractible | 3.44 % | Called for redemption. YTW SCENARIO Maturity Type : Call Maturity Date : 2011-06-25 Maturity Price : 25.75 Evaluated at bid price : 25.86 Bid-YTW : 3.51 % |
| Volume Highlights | |||
| Issue | Index | Shares Traded |
Notes |
| MFC.PR.A | OpRet | 179,405 | Desjardins crossed 150,400 at 25.50; then another 20,000 at 25.54. YTW SCENARIO Maturity Type : Soft Maturity Maturity Date : 2015-12-18 Maturity Price : 25.00 Evaluated at bid price : 25.34 Bid-YTW : 3.73 % |
| CM.PR.H | Deemed-Retractible | 164,454 | Called for redemption. YTW SCENARIO Maturity Type : Call Maturity Date : 2011-06-25 Maturity Price : 25.75 Evaluated at bid price : 25.86 Bid-YTW : 3.51 % |
| CM.PR.G | Deemed-Retractible | 103,470 | Seeking NVCC status. YTW SCENARIO Maturity Type : Call Maturity Date : 2014-05-31 Maturity Price : 25.00 Evaluated at bid price : 25.23 Bid-YTW : 5.24 % |
| RY.PR.W | Deemed-Retractible | 87,953 | TD bought 10,000 from anonymous at 24.87. YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2022-01-31 Maturity Price : 25.00 Evaluated at bid price : 24.87 Bid-YTW : 4.99 % |
| HSE.PR.A | FixedReset | 86,924 | Desjardins bought blocks of 25,000 and 15,000 from anonymous, both at 25.46; Desjardins crossed 25,000 at 25.57. YTW SCENARIO Maturity Type : Call Maturity Date : 2021-04-30 Maturity Price : 25.00 Evaluated at bid price : 25.57 Bid-YTW : 4.12 % |
| CM.PR.I | Deemed-Retractible | 78,282 | YTW SCENARIO Maturity Type : Call Maturity Date : 2016-03-01 Maturity Price : 25.00 Evaluated at bid price : 25.21 Bid-YTW : 4.61 % |
| There were 38 other index-included issues trading in excess of 10,000 shares. | |||
| Wide Spread Highlights | ||
| Issue | Index | Quote Data and Yield Notes |
| FTS.PR.G | FixedReset | Quote: 25.93 – 26.53 Spot Rate : 0.6000 Average : 0.3412 YTW SCENARIO |
| IAG.PR.C | FixedReset | Quote: 26.87 – 27.25 Spot Rate : 0.3800 Average : 0.2706 YTW SCENARIO |
| BAM.PR.O | OpRet | Quote: 26.06 – 26.39 Spot Rate : 0.3300 Average : 0.2266 YTW SCENARIO |
| NA.PR.L | Deemed-Retractible | Quote: 24.87 – 25.18 Spot Rate : 0.3100 Average : 0.2119 YTW SCENARIO |
| BNS.PR.T | FixedReset | Quote: 27.40 – 27.66 Spot Rate : 0.2600 Average : 0.1825 YTW SCENARIO |
| BAM.PR.P | FixedReset | Quote: 27.52 – 27.74 Spot Rate : 0.2200 Average : 0.1582 YTW SCENARIO |