{"id":11508,"date":"2010-07-14T00:16:35","date_gmt":"2010-07-14T04:16:35","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=11508"},"modified":"2010-07-14T00:16:35","modified_gmt":"2010-07-14T04:16:35","slug":"july-13-2010","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=11508","title":{"rendered":"July 13, 2010"},"content":{"rendered":"<p>Nothing happened today.<\/p>\n<p>PerpetualDicounts were up 16bp and FixedResets gained 8bp on very heavy volume.<\/p>\n<table border='1'>\n<tr>\n<td colspan='8'><strong>HIMIPref&trade; Preferred Indices<br \/>These values reflect the December 2008 revision of the HIMIPref&trade; Indices<\/strong><br \/>Values are provisional and are finalized monthly<\/td>\n<\/tr>\n<tr>\n<td>Index<\/td>\n<td>Mean<br \/>Current<br \/>Yield<br \/>(at bid)<\/td>\n<td>Median<br \/>YTW<\/td>\n<td>Median<br \/>Average<br \/>Trading<br \/>Value<\/td>\n<td>Median<br \/>Mod Dur<br \/>(YTW)<\/td>\n<td>Issues<\/td>\n<td>Day&#8217;s Perf.<\/td>\n<td>Index Value<\/td>\n<\/tr>\n<tr>\n<td>Ratchet<\/td>\n<td>2.78 %<\/td>\n<td>2.84 %<\/td>\n<td>23,782<\/td>\n<td>20.38<\/td>\n<td>1<\/td>\n<td>1.1429 %<\/td>\n<td>2,096.9<\/td>\n<\/tr>\n<tr>\n<td>FixedFloater<\/td>\n<td>0.00 %<\/td>\n<td>0.00 %<\/td>\n<td>0<\/td>\n<td>0.00<\/td>\n<td>0<\/td>\n<td>1.0925 %<\/td>\n<td>3,157.5<\/td>\n<\/tr>\n<tr>\n<td>Floater<\/td>\n<td>2.28 %<\/td>\n<td>1.93 %<\/td>\n<td>43,418<\/td>\n<td>22.56<\/td>\n<td>4<\/td>\n<td>1.0925 %<\/td>\n<td>2,250.5<\/td>\n<\/tr>\n<tr>\n<td>OpRet<\/td>\n<td>4.88 %<\/td>\n<td>2.34 %<\/td>\n<td>86,137<\/td>\n<td>0.30<\/td>\n<td>11<\/td>\n<td>-0.0212 %<\/td>\n<td>2,340.8<\/td>\n<\/tr>\n<tr>\n<td>SplitShare<\/td>\n<td>6.29 %<\/td>\n<td>6.00 %<\/td>\n<td>82,055<\/td>\n<td>0.08<\/td>\n<td>2<\/td>\n<td>0.8532 %<\/td>\n<td>2,204.5<\/td>\n<\/tr>\n<tr>\n<td>Interest-Bearing<\/td>\n<td>0.00 %<\/td>\n<td>0.00 %<\/td>\n<td>0<\/td>\n<td>0.00<\/td>\n<td>0<\/td>\n<td>-0.0212 %<\/td>\n<td>2,140.4<\/td>\n<\/tr>\n<tr>\n<td>Perpetual-Premium<\/td>\n<td>5.98 %<\/td>\n<td>5.76 %<\/td>\n<td>113,493<\/td>\n<td>1.83<\/td>\n<td>4<\/td>\n<td>-0.1985 %<\/td>\n<td>1,916.4<\/td>\n<\/tr>\n<tr>\n<td>Perpetual-Discount<\/td>\n<td>5.90 %<\/td>\n<td>5.94 %<\/td>\n<td>185,816<\/td>\n<td>13.96<\/td>\n<td>73<\/td>\n<td>0.1582 %<\/td>\n<td>1,832.4<\/td>\n<\/tr>\n<tr>\n<td>FixedReset<\/td>\n<td>5.34 %<\/td>\n<td>3.71 %<\/td>\n<td>305,533<\/td>\n<td>3.48<\/td>\n<td>47<\/td>\n<td>0.0842 %<\/td>\n<td>2,209.1<\/td>\n<\/tr>\n<\/table>\n<table border='1'>\n<tr>\n<td colspan='4'><strong>Performance Highlights<\/strong><\/td>\n<\/tr>\n<tr>\n<td>Issue<\/td>\n<td>Index<\/td>\n<td>Change<\/td>\n<td>Notes<\/td>\n<\/tr>\n<tr>\n<td>MFC.PR.D<\/td>\n<td>FixedReset<\/td>\n<td>-1.73 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Call<br \/>\nMaturity Date\t: 2014-07-19<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 27.32<br \/>\nBid-YTW : 4.24 %<\/td>\n<\/tr>\n<tr>\n<td>HSB.PR.C<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-1.25 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2040-07-13<br \/>\nMaturity Price  : 21.29<br \/>\nEvaluated at bid price : 21.29<br \/>\nBid-YTW : 6.05 %<\/td>\n<\/tr>\n<tr>\n<td>HSB.PR.D<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-1.18 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2040-07-13<br \/>\nMaturity Price  : 21.00<br \/>\nEvaluated at bid price : 21.00<br \/>\nBid-YTW : 6.01 %<\/td>\n<\/tr>\n<tr>\n<td>SLF.PR.B<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-1.14 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2040-07-13<br \/>\nMaturity Price  : 19.92<br \/>\nEvaluated at bid price : 19.92<br \/>\nBid-YTW : 6.08 %<\/td>\n<\/tr>\n<tr>\n<td>SLF.PR.A<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-1.05 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2040-07-13<br \/>\nMaturity Price  : 19.74<br \/>\nEvaluated at bid price : 19.74<br \/>\nBid-YTW : 6.08 %<\/td>\n<\/tr>\n<tr>\n<td>BNS.PR.R<\/td>\n<td>FixedReset<\/td>\n<td>1.00 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Call<br \/>\nMaturity Date\t: 2014-02-25<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 26.16<br \/>\nBid-YTW : 3.54 %<\/td>\n<\/tr>\n<tr>\n<td>CM.PR.L<\/td>\n<td>FixedReset<\/td>\n<td>1.02 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Call<br \/>\nMaturity Date\t: 2014-05-30<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 27.80<br \/>\nBid-YTW : 3.36 %<\/td>\n<\/tr>\n<tr>\n<td>IAG.PR.F<\/td>\n<td>Perpetual-Discount<\/td>\n<td>1.03 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2040-07-13<br \/>\nMaturity Price  : 24.30<br \/>\nEvaluated at bid price : 24.50<br \/>\nBid-YTW : 6.07 %<\/td>\n<\/tr>\n<tr>\n<td>ENB.PR.A<\/td>\n<td>Perpetual-Discount<\/td>\n<td>1.07 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2040-07-13<br \/>\nMaturity Price  : 24.28<br \/>\nEvaluated at bid price : 24.58<br \/>\nBid-YTW : 5.66 %<\/td>\n<\/tr>\n<tr>\n<td>TD.PR.K<\/td>\n<td>FixedReset<\/td>\n<td>1.10 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Call<br \/>\nMaturity Date\t: 2014-08-30<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 27.68<br \/>\nBid-YTW : 3.42 %<\/td>\n<\/tr>\n<tr>\n<td>SLF.PR.G<\/td>\n<td>FixedReset<\/td>\n<td>1.11 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2040-07-13<br \/>\nMaturity Price  : 25.46<br \/>\nEvaluated at bid price : 25.51<br \/>\nBid-YTW : 3.96 %<\/td>\n<\/tr>\n<tr>\n<td>BMO.PR.K<\/td>\n<td>Perpetual-Discount<\/td>\n<td>1.13 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2040-07-13<br \/>\nMaturity Price  : 23.01<br \/>\nEvaluated at bid price : 23.18<br \/>\nBid-YTW : 5.75 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PR.E<\/td>\n<td>Ratchet<\/td>\n<td>1.14 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2040-07-13<br \/>\nMaturity Price  : 21.72<br \/>\nEvaluated at bid price : 21.24<br \/>\nBid-YTW : 2.84 %<\/td>\n<\/tr>\n<tr>\n<td>ELF.PR.F<\/td>\n<td>Perpetual-Discount<\/td>\n<td>1.20 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2040-07-13<br \/>\nMaturity Price  : 20.26<br \/>\nEvaluated at bid price : 20.26<br \/>\nBid-YTW : 6.59 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PR.K<\/td>\n<td>Floater<\/td>\n<td>1.25 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2040-07-13<br \/>\nMaturity Price  : 15.45<br \/>\nEvaluated at bid price : 15.45<br \/>\nBid-YTW : 2.84 %<\/td>\n<\/tr>\n<tr>\n<td>RY.PR.B<\/td>\n<td>Perpetual-Discount<\/td>\n<td>1.50 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2040-07-13<br \/>\nMaturity Price  : 21.04<br \/>\nEvaluated at bid price : 21.04<br \/>\nBid-YTW : 5.68 %<\/td>\n<\/tr>\n<tr>\n<td>BNA.PR.C<\/td>\n<td>SplitShare<\/td>\n<td>1.53 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Hard Maturity<br \/>\nMaturity Date\t: 2019-01-10<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 19.90<br \/>\nBid-YTW : 7.79 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PR.B<\/td>\n<td>Floater<\/td>\n<td>1.57 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2040-07-13<br \/>\nMaturity Price  : 15.55<br \/>\nEvaluated at bid price : 15.55<br \/>\nBid-YTW : 2.83 %<\/td>\n<\/tr>\n<tr>\n<td>PWF.PR.A<\/td>\n<td>Floater<\/td>\n<td>1.82 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2040-07-13<br \/>\nMaturity Price  : 22.12<br \/>\nEvaluated at bid price : 22.40<br \/>\nBid-YTW : 1.93 %<\/td>\n<\/tr>\n<\/table>\n<table border='1'>\n<tr>\n<td colspan='4'><strong>Volume Highlights<\/strong><\/td>\n<\/tr>\n<tr>\n<td>Issue<\/td>\n<td>Index<\/td>\n<td>Shares<br \/>Traded<\/td>\n<td>Notes<\/td>\n<\/tr>\n<tr>\n<td>TRP.PR.C<\/td>\n<td>FixedReset<\/td>\n<td>323,125<\/td>\n<td><a href=\"http:\/\/www.prefblog.com\/?p=11365\">Recent new issue<\/a>.<br \/>\nYTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2040-07-13<br \/>\nMaturity Price  : 23.17<br \/>\nEvaluated at bid price : 25.15<br \/>\nBid-YTW : 3.98 %<\/td>\n<\/tr>\n<tr>\n<td>IAG.PR.C<\/td>\n<td>FixedReset<\/td>\n<td>157,607<\/td>\n<td>RBC bought 25,000 from Nesbitt at 26.80; Nesbitt crossed 50,000 at 26.75. RBC bought another 16,900 from Nesbitt at 26.75 and crossed 50,000 at 26.80.<br \/>\nYTW SCENARIO<br \/>\nMaturity Type   : Call<br \/>\nMaturity Date\t: 2014-01-30<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 26.80<br \/>\nBid-YTW : 4.10 %<\/td>\n<\/tr>\n<tr>\n<td>RY.PR.R<\/td>\n<td>FixedReset<\/td>\n<td>140,433<\/td>\n<td>Nesbitt crossed 51,300 at 27.40 and another 30,000 at 27.50. National crossed 10,000 at 27.54 and Nesbitt crossed 15,000 at 27.51.<br \/>\nYTW SCENARIO<br \/>\nMaturity Type   : Call<br \/>\nMaturity Date\t: 2014-03-26<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 27.52<br \/>\nBid-YTW : 3.63 %<\/td>\n<\/tr>\n<tr>\n<td>RY.PR.I<\/td>\n<td>FixedReset<\/td>\n<td>89,878<\/td>\n<td>Nesbitt crossed 69,300 at 26.00.<br \/>\nYTW SCENARIO<br \/>\nMaturity Type   : Call<br \/>\nMaturity Date\t: 2014-03-26<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 26.12<br \/>\nBid-YTW : 3.87 %<\/td>\n<\/tr>\n<tr>\n<td>CIU.PR.B<\/td>\n<td>FixedReset<\/td>\n<td>87,656<\/td>\n<td>Nesbitt crossed blocks of 16,400 and 17,300 at 28.00. TD crossed 50,000 at 28.00.<br \/>\nYTW SCENARIO<br \/>\nMaturity Type   : Call<br \/>\nMaturity Date\t: 2014-07-01<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 27.99<br \/>\nBid-YTW : 3.71 %<\/td>\n<\/tr>\n<tr>\n<td>CM.PR.A<\/td>\n<td>OpRet<\/td>\n<td>84,361<\/td>\n<td>RBC bought two blocks of 15,000 each from Nesbitt and crossed 10,000 at 25.20. RBC sold 13,800 to Desjardins at 25.25.<br \/>\nYTW SCENARIO<br \/>\nMaturity Type   : Call<br \/>\nMaturity Date\t: 2010-11-30<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 25.23<br \/>\nBid-YTW : 2.18 %<\/td>\n<\/tr>\n<tr>\n<td colspan='4'>There were 63 other index-included issues trading in excess of 10,000 shares.<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Nothing happened today. PerpetualDicounts were up 16bp and FixedResets gained 8bp on very heavy volume. HIMIPref&trade; Preferred IndicesThese values reflect the December 2008 revision of the HIMIPref&trade; IndicesValues are provisional and are finalized monthly Index &hellip;<\/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-11508","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/11508","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=11508"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/11508\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11508"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11508"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11508"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}