{"id":13286,"date":"2010-12-06T23:17:20","date_gmt":"2010-12-07T03:17:20","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=13286"},"modified":"2010-12-06T23:17:20","modified_gmt":"2010-12-07T03:17:20","slug":"december-6-2010","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=13286","title":{"rendered":"December 6, 2010"},"content":{"rendered":"

Germany is convinced that European investments are a risky proposition<\/a>:<\/p>\n

European officials voiced divisions over the steps needed to stop the sovereign debt crisis as Germany opposes increasing the 750 billion-euro ($1 trillion) bailout fund and the introduction of joint European bonds.<\/p>\n

Belgian Finance Minister Didier Reynders told reporters on Dec. 4 that the fund might be expanded if ministers decide to introduce a larger permanent facility when the current temporary one expires, breaking ranks with German Chancellor Angela Merkel and France\u2019s Nicolas Sarkozy. Luxembourg and Italy today called for the creation of joint European bonds, a move rebuffed by Germany Finance Minister Wolfgang Schaeuble.
…<\/b>
Today\u2019s meeting comes after Luxembourg Finance Minister Jean-Claude Juncker and Italian counterpart Giulio Tremonti wrote a letter to the FT calling for the introduction of a joint European government bond.<\/p>\n

\u201cE-Bonds\u201d would be sold by a European Debt Agency, which could be created as early as this month and finance as much as 50 percent of the issuances by EU members to create a deep market, they said. A switch would also be offered between E- Bonds and current government bonds.<\/p>\n

German Deputy Finance Minister Joerg Asmussen on Dec. 3 rejected such a move because it wouldn\u2019t encourage countries to fix their finances.<\/p><\/blockquote>\n

It was a muted day overall on the Canadian preferred share market, with PerpetualDiscounts up 6bp and FixedResets losing 5bp. There was some decent volatility, as shown on the performance highlights, and volume remained high.<\/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>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.0996 %<\/td>\n2,278.8<\/td>\n<\/tr>\n
FixedFloater<\/td>\n4.73 %<\/td>\n3.20 %<\/td>\n28,454<\/td>\n19.05<\/td>\n1<\/td>\n0.0000 %<\/td>\n3,559.0<\/td>\n<\/tr>\n
Floater<\/td>\n2.61 %<\/td>\n2.36 %<\/td>\n53,667<\/td>\n21.36<\/td>\n4<\/td>\n0.0996 %<\/td>\n2,460.5<\/td>\n<\/tr>\n
OpRet<\/td>\n4.79 %<\/td>\n3.16 %<\/td>\n68,773<\/td>\n2.38<\/td>\n8<\/td>\n0.2163 %<\/td>\n2,378.9<\/td>\n<\/tr>\n
SplitShare<\/td>\n5.46 %<\/td>\n1.39 %<\/td>\n119,715<\/td>\n1.00<\/td>\n3<\/td>\n0.1472 %<\/td>\n2,464.0<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.2163 %<\/td>\n2,175.3<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.69 %<\/td>\n5.44 %<\/td>\n153,990<\/td>\n5.38<\/td>\n27<\/td>\n0.1252 %<\/td>\n2,013.5<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n5.36 %<\/td>\n5.38 %<\/td>\n284,090<\/td>\n14.78<\/td>\n51<\/td>\n0.0611 %<\/td>\n2,031.8<\/td>\n<\/tr>\n
FixedReset<\/td>\n5.23 %<\/td>\n3.48 %<\/td>\n352,034<\/td>\n3.13<\/td>\n52<\/td>\n-0.0511 %<\/td>\n2,259.3<\/td>\n<\/tr>\n<\/table>\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
GWO.PR.J<\/td>\nFixedReset<\/td>\n-3.35 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2014-01-30
\nMaturity Price : 25.00
\nEvaluated at bid price : 26.00
\nBid-YTW : 4.47 %<\/td>\n<\/tr>\n
BNS.PR.P<\/td>\nFixedReset<\/td>\n-1.60 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2013-05-25
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.75
\nBid-YTW : 3.90 %<\/td>\n<\/tr>\n
RY.PR.N<\/td>\nFixedReset<\/td>\n-1.20 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2014-03-26
\nMaturity Price : 25.00
\nEvaluated at bid price : 27.27
\nBid-YTW : 3.38 %<\/td>\n<\/tr>\n
MFC.PR.B<\/td>\nPerpetual-Discount<\/td>\n1.11 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2040-12-06
\nMaturity Price : 20.88
\nEvaluated at bid price : 20.88
\nBid-YTW : 5.59 %<\/td>\n<\/tr>\n
MFC.PR.E<\/td>\nFixedReset<\/td>\n1.16 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2014-10-19
\nMaturity Price : 25.00
\nEvaluated at bid price : 26.98
\nBid-YTW : 3.36 %<\/td>\n<\/tr>\n
BNS.PR.X<\/td>\nFixedReset<\/td>\n1.22 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2014-05-25
\nMaturity Price : 25.00
\nEvaluated at bid price : 27.45
\nBid-YTW : 3.49 %<\/td>\n<\/tr>\n
BAM.PR.I<\/td>\nOpRet<\/td>\n2.67 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2011-01-05
\nMaturity Price : 25.50
\nEvaluated at bid price : 25.80
\nBid-YTW : 3.16 %<\/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.X<\/td>\nFixedReset<\/td>\n65,687<\/td>\nNesbitt crossed 50,000 at 27.54.
\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2014-09-23
\nMaturity Price : 25.00
\nEvaluated at bid price : 27.50
\nBid-YTW : 3.53 %<\/td>\n<\/tr>\n
SLF.PR.D<\/td>\nPerpetual-Discount<\/td>\n53,626<\/td>\nTD crossed 25,000 at 20.40.
\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2040-12-06
\nMaturity Price : 20.35
\nEvaluated at bid price : 20.35
\nBid-YTW : 5.48 %<\/td>\n<\/tr>\n
BNS.PR.T<\/td>\nFixedReset<\/td>\n52,678<\/td>\nNesbitt crossed 50,000 at 27.50.
\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2014-05-25
\nMaturity Price : 25.00
\nEvaluated at bid price : 27.50
\nBid-YTW : 3.41 %<\/td>\n<\/tr>\n
CL.PR.B<\/td>\nPerpetual-Premium<\/td>\n51,300<\/td>\nCalled for redemption<\/a>.
\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2011-01-30
\nMaturity Price : 25.00
\nEvaluated at bid price : 24.94
\nBid-YTW : 5.06 %<\/td>\n<\/tr>\n
TRP.PR.C<\/td>\nFixedReset<\/td>\n46,039<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2040-12-06
\nMaturity Price : 25.24
\nEvaluated at bid price : 25.29
\nBid-YTW : 3.98 %<\/td>\n<\/tr>\n
GWO.PR.N<\/td>\nFixedReset<\/td>\n45,715<\/td>\nRecent new issue<\/a>.
\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2040-12-06
\nMaturity Price : 24.42
\nEvaluated at bid price : 24.47
\nBid-YTW : 3.72 %<\/td>\n<\/tr>\n
There were 53 other index-included issues trading in excess of 10,000 shares.<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Germany is convinced that European investments are a risky proposition: European officials voiced divisions over the steps needed to stop the sovereign debt crisis as Germany opposes increasing the 750 billion-euro ($1 trillion) bailout fund …<\/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-13286","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/13286","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=13286"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/13286\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=13286"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=13286"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=13286"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}