{"id":13329,"date":"2010-12-10T23:07:17","date_gmt":"2010-12-11T03:07:17","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=13329"},"modified":"2010-12-10T23:07:17","modified_gmt":"2010-12-11T03:07:17","slug":"december-10-2010","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=13329","title":{"rendered":"December 10, 2010"},"content":{"rendered":"

Still no commentary! Sorry, guys, I’m sure next week will be better.<\/p>\n

The Canadian preferred share market continued to slide today on above average volume, with PerpetualDiscounts down 21bp and FixedReset losing 13bp. Yield on FixedResets has climbed all the back up to 3.58%, which is a big difference from just over a month ago when it set a new all-time low of 2.88%<\/a>. The current all-time low of 2.84% was reached on November 10<\/a>.<\/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>\n0.0125 %<\/td>\n2,274.3<\/td>\n<\/tr>\n
FixedFloater<\/td>\n4.73 %<\/td>\n3.21 %<\/td>\n27,723<\/td>\n19.02<\/td>\n1<\/td>\n0.0000 %<\/td>\n3,557.5<\/td>\n<\/tr>\n
Floater<\/td>\n2.62 %<\/td>\n2.39 %<\/td>\n53,906<\/td>\n21.26<\/td>\n4<\/td>\n0.0125 %<\/td>\n2,455.7<\/td>\n<\/tr>\n
OpRet<\/td>\n4.80 %<\/td>\n3.48 %<\/td>\n71,437<\/td>\n2.37<\/td>\n8<\/td>\n0.1828 %<\/td>\n2,375.5<\/td>\n<\/tr>\n
SplitShare<\/td>\n5.33 %<\/td>\n0.72 %<\/td>\n1,258,989<\/td>\n0.99<\/td>\n4<\/td>\n-0.4278 %<\/td>\n2,452.6<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.1828 %<\/td>\n2,172.2<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.71 %<\/td>\n5.53 %<\/td>\n155,289<\/td>\n6.44<\/td>\n27<\/td>\n-0.2139 %<\/td>\n2,006.1<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n5.39 %<\/td>\n5.39 %<\/td>\n273,259<\/td>\n14.77<\/td>\n51<\/td>\n-0.2084 %<\/td>\n2,018.2<\/td>\n<\/tr>\n
FixedReset<\/td>\n5.25 %<\/td>\n3.58 %<\/td>\n369,111<\/td>\n3.12<\/td>\n52<\/td>\n-0.1307 %<\/td>\n2,249.4<\/td>\n<\/tr>\n<\/table>\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
POW.PR.D<\/td>\nPerpetual-Discount<\/td>\n-2.31 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2040-12-10
\nMaturity Price : 22.67
\nEvaluated at bid price : 22.86
\nBid-YTW : 5.55 %<\/td>\n<\/tr>\n
BNS.PR.K<\/td>\nPerpetual-Discount<\/td>\n-1.54 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2040-12-10
\nMaturity Price : 22.81
\nEvaluated at bid price : 23.03
\nBid-YTW : 5.27 %<\/td>\n<\/tr>\n
BNS.PR.N<\/td>\nPerpetual-Discount<\/td>\n-1.34 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2040-12-10
\nMaturity Price : 24.05
\nEvaluated at bid price : 24.27
\nBid-YTW : 5.47 %<\/td>\n<\/tr>\n
CIU.PR.A<\/td>\nPerpetual-Discount<\/td>\n-1.15 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2040-12-10
\nMaturity Price : 21.52
\nEvaluated at bid price : 21.52
\nBid-YTW : 5.39 %<\/td>\n<\/tr>\n
PWF.PR.P<\/td>\nFixedReset<\/td>\n-1.06 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2040-12-10
\nMaturity Price : 25.17
\nEvaluated at bid price : 25.22
\nBid-YTW : 4.08 %<\/td>\n<\/tr>\n
GWO.PR.H<\/td>\nPerpetual-Discount<\/td>\n1.36 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2040-12-10
\nMaturity Price : 22.89
\nEvaluated at bid price : 23.10
\nBid-YTW : 5.25 %<\/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
BNA.PR.E<\/td>\nSplitShare<\/td>\n190,750<\/td>\nNew issue settled today<\/a>.
\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2017-12-10
\nMaturity Price : 25.00
\nEvaluated at bid price : 24.90
\nBid-YTW : 4.93 %<\/td>\n<\/tr>\n
BNS.PR.Q<\/td>\nFixedReset<\/td>\n105,870<\/td>\nTD crossed two blocks of 50,000 each, both at 26.10.
\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2013-11-24
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.91
\nBid-YTW : 3.84 %<\/td>\n<\/tr>\n
BNS.PR.T<\/td>\nFixedReset<\/td>\n81,560<\/td>\nRBC crossed blocks of 20,000 and 50,000, both at 27.50.
\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
RY.PR.L<\/td>\nFixedReset<\/td>\n70,786<\/td>\nRBC crossed two blocks of 30,000 each, both at 26.65.
\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2014-03-26
\nMaturity Price : 25.00
\nEvaluated at bid price : 26.44
\nBid-YTW : 3.78 %<\/td>\n<\/tr>\n
GWO.PR.I<\/td>\nPerpetual-Discount<\/td>\n66,740<\/td>\nNesbitt crossed 50,000 at 21.12.
\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2040-12-10
\nMaturity Price : 21.07
\nEvaluated at bid price : 21.07
\nBid-YTW : 5.36 %<\/td>\n<\/tr>\n
BAM.PR.T<\/td>\nFixedReset<\/td>\n31,940<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2040-12-10
\nMaturity Price : 23.08
\nEvaluated at bid price : 24.96
\nBid-YTW : 4.56 %<\/td>\n<\/tr>\n
There were 47 other index-included issues trading in excess of 10,000 shares.<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Still no commentary! Sorry, guys, I’m sure next week will be better. The Canadian preferred share market continued to slide today on above average volume, with PerpetualDiscounts down 21bp and FixedReset losing 13bp. Yield on …<\/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-13329","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/13329","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=13329"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/13329\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=13329"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=13329"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=13329"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}