{"id":16507,"date":"2011-09-28T23:52:08","date_gmt":"2011-09-29T03:52:08","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=16507"},"modified":"2011-09-28T23:52:08","modified_gmt":"2011-09-29T03:52:08","slug":"september-28-2011","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=16507","title":{"rendered":"September 28, 2011"},"content":{"rendered":"

Three cheers, everybody! We’re saved! Spain and Italy have saved the world<\/a>!<\/p>\n

Italian and Spanish financial market regulators extended temporary bans on short selling of financial shares that were introduced last month in a bid to stem market volatility.<\/p>\n

The European Securities and Markets Authority announced the extension by the two countries in an e-mailed statement. The Spanish ban will remain \u201cuntil the market conditions allow it\u201d to be lifted, the country\u2019s financial regulator said in an e- mailed statement. Italy\u2019s restriction, and another enacted by France in August, will both last until Nov. 11.<\/p><\/blockquote>\n

Amazingly, Europe is still in disarray<\/a>:<\/p>\n

The European Commission is resisting a push to impose bigger writedowns on banks\u2019 holdings of Greek government debt than those agreed on at a July 21 summit, a European official said.<\/p>\n

The commission, the European Union\u2019s executive body, opposes ideas being floated by some government officials to get banks to accept bigger so-called haircuts and doesn\u2019t want to have talks about any such attempt, the official said on condition of anonymity because the deliberations are private. Germany and the Netherlands are leading a drive by as many as seven euro-area countries for more private-sector involvement in the second Greek package, the Financial Times reported today.<\/p><\/blockquote>\n\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>\n0.6165 %<\/td>\n2,088.1<\/td>\n<\/tr>\n
FixedFloater<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.6165 %<\/td>\n3,140.4<\/td>\n<\/tr>\n
Floater<\/td>\n3.11 %<\/td>\n3.43 %<\/td>\n56,322<\/td>\n18.68<\/td>\n3<\/td>\n0.6165 %<\/td>\n2,254.6<\/td>\n<\/tr>\n
OpRet<\/td>\n4.85 %<\/td>\n3.18 %<\/td>\n59,998<\/td>\n1.60<\/td>\n8<\/td>\n0.0486 %<\/td>\n2,443.0<\/td>\n<\/tr>\n
SplitShare<\/td>\n5.39 %<\/td>\n-0.46 %<\/td>\n52,695<\/td>\n0.42<\/td>\n4<\/td>\n-0.2285 %<\/td>\n2,488.6<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.0486 %<\/td>\n2,233.9<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.65 %<\/td>\n4.39 %<\/td>\n111,975<\/td>\n0.57<\/td>\n16<\/td>\n0.0478 %<\/td>\n2,119.4<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n5.32 %<\/td>\n5.37 %<\/td>\n111,526<\/td>\n14.79<\/td>\n14<\/td>\n-0.0079 %<\/td>\n2,245.1<\/td>\n<\/tr>\n
FixedReset<\/td>\n5.15 %<\/td>\n3.29 %<\/td>\n203,648<\/td>\n2.65<\/td>\n60<\/td>\n0.0315 %<\/td>\n2,322.5<\/td>\n<\/tr>\n
Deemed-Retractible<\/td>\n5.07 %<\/td>\n4.60 %<\/td>\n236,548<\/td>\n5.89<\/td>\n46<\/td>\n-0.0175 %<\/td>\n2,190.5<\/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
MFC.PR.B<\/td>\nDeemed-Retractible<\/td>\n-1.18 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2022-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 21.70
\nBid-YTW : 6.47 %<\/td>\n<\/tr>\n
FTS.PR.H<\/td>\nFixedReset<\/td>\n-1.18 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2041-09-28
\nMaturity Price : 23.32
\nEvaluated at bid price : 25.10
\nBid-YTW : 2.93 %<\/td>\n<\/tr>\n
GWO.PR.J<\/td>\nFixedReset<\/td>\n-1.18 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2013-12-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 26.00
\nBid-YTW : 4.14 %<\/td>\n<\/tr>\n
BAM.PR.N<\/td>\nPerpetual-Discount<\/td>\n-1.00 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2041-09-28
\nMaturity Price : 21.46
\nEvaluated at bid price : 21.75
\nBid-YTW : 5.48 %<\/td>\n<\/tr>\n
PWF.PR.A<\/td>\nFloater<\/td>\n1.52 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2041-09-28
\nMaturity Price : 20.00
\nEvaluated at bid price : 20.00
\nBid-YTW : 2.64 %<\/td>\n<\/tr>\n
BAM.PR.J<\/td>\nOpRet<\/td>\n1.52 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2014-03-31
\nMaturity Price : 26.00
\nEvaluated at bid price : 26.65
\nBid-YTW : 4.15 %<\/td>\n<\/tr>\n
NA.PR.N<\/td>\nFixedReset<\/td>\n3.17 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2022-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 26.00
\nBid-YTW : 3.44 %<\/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.I<\/td>\nFixedReset<\/td>\n183,112<\/td>\nNesbit crossed 27,200 at 26.25, then crossed blocks of 40,000 and 105,000 at 26.20.
\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2014-02-24
\nMaturity Price : 25.00
\nEvaluated at bid price : 26.15
\nBid-YTW : 3.22 %<\/td>\n<\/tr>\n
CM.PR.G<\/td>\nPerpetual-Premium<\/td>\n129,661<\/td>\nTD crossed 116,500 at 24.95.
\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2014-05-01
\nMaturity Price : 25.00
\nEvaluated at bid price : 24.93
\nBid-YTW : 5.34 %<\/td>\n<\/tr>\n
TD.PR.I<\/td>\nFixedReset<\/td>\n84,000<\/td>\nRBC crossed 50,000 at 27.30; TD crossed 28,900 at the same price.
\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2014-07-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 27.30
\nBid-YTW : 3.23 %<\/td>\n<\/tr>\n
RY.PR.T<\/td>\nFixedReset<\/td>\n56,556<\/td>\nRBC crossed 25,000 at 27.25. Desjardins crossed 30,000 at 27.30.
\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2014-08-24
\nMaturity Price : 25.00
\nEvaluated at bid price : 27.20
\nBid-YTW : 3.29 %<\/td>\n<\/tr>\n
BNS.PR.L<\/td>\nDeemed-Retractible<\/td>\n49,280<\/td>\nNesbitt bought 12,900 from RBC at 25.24. TD crossed 25,000 at 25.18.
\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2016-04-27
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.20
\nBid-YTW : 4.50 %<\/td>\n<\/tr>\n
BMO.PR.J<\/td>\nDeemed-Retractible<\/td>\n26,398<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2016-02-25
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.21
\nBid-YTW : 4.42 %<\/td>\n<\/tr>\n
There were 26 other index-included issues trading in excess of 10,000 shares.<\/td>\n<\/tr>\n<\/table>\n\n\n\n\n\n\n\n\n\n
Wide Spread Highlights<\/strong><\/td>\n<\/tr>\n
Issue<\/td>\nIndex<\/td>\nQuote Data and Yield Notes<\/td>\n<\/tr>\n
NA.PR.K<\/td>\nDeemed-Retractible<\/td>\nQuote: 25.65 – 26.00
\nSpot Rate : 0.3500
\nAverage : 0.2074<\/p>\n

YTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2011-10-28
\nMaturity Price : 25.25
\nEvaluated at bid price : 25.65
\nBid-YTW : -4.87 %<\/td>\n<\/tr>\n

TD.PR.O<\/td>\nDeemed-Retractible<\/td>\nQuote: 25.56 – 25.92
\nSpot Rate : 0.3600
\nAverage : 0.2211<\/p>\n

YTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2013-10-31
\nMaturity Price : 25.25
\nEvaluated at bid price : 25.56
\nBid-YTW : 4.59 %<\/td>\n<\/tr>\n

TRP.PR.A<\/td>\nFixedReset<\/td>\nQuote: 25.81 – 26.15
\nSpot Rate : 0.3400
\nAverage : 0.2024<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2041-09-28
\nMaturity Price : 23.59
\nEvaluated at bid price : 25.81
\nBid-YTW : 3.25 %<\/td>\n<\/tr>\n

IAG.PR.F<\/td>\nDeemed-Retractible<\/td>\nQuote: 25.75 – 26.20
\nSpot Rate : 0.4500
\nAverage : 0.3271<\/p>\n

YTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2022-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.75
\nBid-YTW : 5.55 %<\/td>\n<\/tr>\n

ELF.PR.G<\/td>\nPerpetual-Discount<\/td>\nQuote: 21.25 – 21.72
\nSpot Rate : 0.4700
\nAverage : 0.3577<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2041-09-28
\nMaturity Price : 21.25
\nEvaluated at bid price : 21.25
\nBid-YTW : 5.71 %<\/td>\n<\/tr>\n

BAM.PR.J<\/td>\nOpRet<\/td>\nQuote: 26.65 – 27.09
\nSpot Rate : 0.4400
\nAverage : 0.3300<\/p>\n

YTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2014-03-31
\nMaturity Price : 26.00
\nEvaluated at bid price : 26.65
\nBid-YTW : 4.15 %<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Three cheers, everybody! We’re saved! Spain and Italy have saved the world! Italian and Spanish financial market regulators extended temporary bans on short selling of financial shares that were introduced last month in a bid …<\/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-16507","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/16507","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=16507"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/16507\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=16507"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=16507"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=16507"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}