{"id":10325,"date":"2010-04-01T19:37:33","date_gmt":"2010-04-01T23:37:33","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=10325"},"modified":"2010-04-01T19:37:33","modified_gmt":"2010-04-01T23:37:33","slug":"april-1-2010","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=10325","title":{"rendered":"April 1, 2010"},"content":{"rendered":"

DBRS has concluded<\/a> that the Brookfield Asset Management \/ General Growth Properties deal, as confirmed, continues to be credit-neutral. The original PrefBlog post<\/a> on this issue has been updated with the link.<\/p>\n

Volume continued to be elevated and the Canadian preferred share market continued to get hit, with PerpetualDiscounts down 32bp on the day and FixedResets losing 7bp.<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n
HIMIPref™ Preferred Indices
These values reflect the December 2008 revision of the HIMIPref™ Indices<\/strong>
Values are provisional and are finalized monthly<\/td>\n<\/tr>\n
Index<\/td>\nMean
Current
Yield
(at bid)<\/td>\n		Median
YTW<\/td>\n		Median
Average
Trading
Value<\/td>\n		Median
Mod Dur
(YTW)<\/td>\n		Issues<\/td>\nDay’s Perf.<\/td>\nIndex Value<\/td>\n<\/tr>\n
Ratchet<\/td>\n2.56 %<\/td>\n2.61 %<\/td>\n58,083<\/td>\n20.98<\/td>\n1<\/td>\n0.0000 %<\/td>\n2,162.1<\/td>\n<\/tr>\n
FixedFloater<\/td>\n4.93 %<\/td>\n3.05 %<\/td>\n49,418<\/td>\n20.10<\/td>\n1<\/td>\n0.0000 %<\/td>\n3,207.1<\/td>\n<\/tr>\n
Floater<\/td>\n1.90 %<\/td>\n1.67 %<\/td>\n47,936<\/td>\n23.42<\/td>\n4<\/td>\n-0.5411 %<\/td>\n2,423.2<\/td>\n<\/tr>\n
OpRet<\/td>\n4.87 %<\/td>\n1.96 %<\/td>\n109,523<\/td>\n0.16<\/td>\n10<\/td>\n-0.0741 %<\/td>\n2,309.0<\/td>\n<\/tr>\n
SplitShare<\/td>\n6.38 %<\/td>\n-1.25 %<\/td>\n137,805<\/td>\n0.08<\/td>\n2<\/td>\n0.0880 %<\/td>\n2,139.9<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.0741 %<\/td>\n2,111.4<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.74 %<\/td>\n3.06 %<\/td>\n36,513<\/td>\n0.65<\/td>\n2<\/td>\n0.2591 %<\/td>\n1,863.8<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n6.12 %<\/td>\n6.19 %<\/td>\n177,444<\/td>\n13.66<\/td>\n76<\/td>\n-0.3214 %<\/td>\n1,736.2<\/td>\n<\/tr>\n
FixedReset<\/td>\n5.39 %<\/td>\n3.57 %<\/td>\n392,427<\/td>\n3.66<\/td>\n43<\/td>\n-0.0692 %<\/td>\n2,195.2<\/td>\n<\/tr>\n<\/table>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Performance Highlights<\/strong><\/td>\n<\/tr>\n
Issue<\/td>\nIndex<\/td>\nChange<\/td>\nNotes<\/td>\n<\/tr>\n
PWF.PR.M<\/td>\nFixedReset<\/td>\n-1.88 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2014-03-02
\nMaturity Price : 25.00
\nEvaluated at bid price : 27.18
\nBid-YTW : 3.89 %<\/td>\n<\/tr>\n
MFC.PR.A<\/td>\nOpRet<\/td>\n-1.58 %<\/td>\nYTW SCENARIO
\nMaturity Type : Soft Maturity
\nMaturity Date\t: 2015-12-18
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.59
\nBid-YTW : 3.68 %<\/td>\n<\/tr>\n
PWF.PR.H<\/td>\nPerpetual-Discount<\/td>\n-1.35 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2040-04-01
\nMaturity Price : 23.10
\nEvaluated at bid price : 23.38
\nBid-YTW : 6.26 %<\/td>\n<\/tr>\n
CIU.PR.A<\/td>\nPerpetual-Discount<\/td>\n-1.28 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2040-04-01
\nMaturity Price : 19.26
\nEvaluated at bid price : 19.26
\nBid-YTW : 6.05 %<\/td>\n<\/tr>\n
POW.PR.B<\/td>\nPerpetual-Discount<\/td>\n-1.18 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2040-04-01
\nMaturity Price : 21.00
\nEvaluated at bid price : 21.00
\nBid-YTW : 6.40 %<\/td>\n<\/tr>\n
TRI.PR.B<\/td>\nFloater<\/td>\n-1.12 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2040-04-01
\nMaturity Price : 23.48
\nEvaluated at bid price : 23.75
\nBid-YTW : 1.62 %<\/td>\n<\/tr>\n
BNS.PR.O<\/td>\nPerpetual-Discount<\/td>\n-1.08 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2040-04-01
\nMaturity Price : 23.23
\nEvaluated at bid price : 23.41
\nBid-YTW : 5.98 %<\/td>\n<\/tr>\n
IAG.PR.E<\/td>\nPerpetual-Discount<\/td>\n-1.03 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2040-04-01
\nMaturity Price : 23.87
\nEvaluated at bid price : 24.06
\nBid-YTW : 6.27 %<\/td>\n<\/tr>\n
NA.PR.K<\/td>\nPerpetual-Discount<\/td>\n-1.02 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2040-04-01
\nMaturity Price : 23.85
\nEvaluated at bid price : 24.20
\nBid-YTW : 6.13 %<\/td>\n<\/tr>\n
GWL.PR.O<\/td>\nPerpetual-Premium<\/td>\n1.20 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2010-11-30
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.30
\nBid-YTW : 3.06 %<\/td>\n<\/tr>\n
BAM.PR.J<\/td>\nOpRet<\/td>\n1.56 %<\/td>\nYTW SCENARIO
\nMaturity Type : Soft Maturity
\nMaturity Date\t: 2018-03-30
\nMaturity Price : 25.00
\nEvaluated at bid price : 26.05
\nBid-YTW : 4.79 %<\/td>\n<\/tr>\n<\/table>\n\n\n\n\n\n\n\n\n\n\n
Volume Highlights<\/strong><\/td>\n<\/tr>\n
Issue<\/td>\nIndex<\/td>\nShares
Traded<\/td>\n		Notes<\/td>\n<\/tr>\n
RY.PR.T<\/td>\nFixedReset<\/td>\n48,565<\/td>\nTD sold 10,000 to Nesbitt at 28.06 and 12,000 to anonymous at the same price.
\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2014-09-23
\nMaturity Price : 25.00
\nEvaluated at bid price : 28.00
\nBid-YTW : 3.54 %<\/td>\n<\/tr>\n
TD.PR.I<\/td>\nFixedReset<\/td>\n47,441<\/td>\nTD crossed 26,000 at 28.22.
\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2014-08-30
\nMaturity Price : 25.00
\nEvaluated at bid price : 28.22
\nBid-YTW : 3.37 %<\/td>\n<\/tr>\n
W.PR.J<\/td>\nPerpetual-Discount<\/td>\n43,573<\/td>\nNesbitt crossed 40,000 at 21.70.
\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2040-04-01
\nMaturity Price : 21.44
\nEvaluated at bid price : 21.70
\nBid-YTW : 6.47 %<\/td>\n<\/tr>\n
TD.PR.G<\/td>\nFixedReset<\/td>\n42,555<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2014-05-30
\nMaturity Price : 25.00
\nEvaluated at bid price : 27.96
\nBid-YTW : 3.52 %<\/td>\n<\/tr>\n
TD.PR.E<\/td>\nFixedReset<\/td>\n40,330<\/td>\nRBC sold 10,000 to anonymous at 28.10.
\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2014-05-30
\nMaturity Price : 25.00
\nEvaluated at bid price : 28.10
\nBid-YTW : 3.38 %<\/td>\n<\/tr>\n
TD.PR.K<\/td>\nFixedReset<\/td>\n35,927<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2014-08-30
\nMaturity Price : 25.00
\nEvaluated at bid price : 28.08
\nBid-YTW : 3.50 %<\/td>\n<\/tr>\n
There were 50 other index-included issues trading in excess of 10,000 shares.<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

DBRS has concluded that the Brookfield Asset Management \/ General Growth Properties deal, as confirmed, continues to be credit-neutral. The original PrefBlog post on this issue has been updated with the link. Volume continued to …<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15],"tags":[],"class_list":["post-10325","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/10325","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=10325"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/10325\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10325"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10325"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10325"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}