{"id":18658,"date":"2012-05-17T01:11:30","date_gmt":"2012-05-17T05:11:30","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=18658"},"modified":"2012-05-17T01:11:30","modified_gmt":"2012-05-17T05:11:30","slug":"may-16-2012","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=18658","title":{"rendered":"May 16, 2012"},"content":{"rendered":"

There are fears the Greek bank run is accellerating<\/a>:<\/p>\n

Greek President Karolos Papoulias was told by the nation\u2019s central bank chief that financial institutions are worried about their survival as Greeks pull out euros amid a deepening political crisis.<\/p>\n

Central bank head George Provopoulos told Papoulias that Greeks have withdrawn as much as 700 million euros ($891 million) and the situation could worsen, according to the transcript of the president\u2019s meeting with party leaders on May 14 that was published yesterday.
…<\/b>
Banks in downtown in Athens were open as normal today with no signs of unusual activity. Deposits by businesses and households held in Greek banks stood at 165.4 billion euros in March, according to the last available data from the Bank of Greece. (TELL) In 2011, deposits declined 35.4 billion euros, or 17 percent.<\/p><\/blockquote>\n

The report of the Office of the Independent Police Review Director regarding police conduct during the G-20 has been released<\/a>. In a nutshell (nut’s hell?) the police acted like maniacs. Unfortunately, Blair and his thugs still have jobs.<\/p>\n

It was a mixed day for the Canadian preferred share market, with PerpetualPremiums gaining 4bp, FixedResets losing 6bp and DeemedRetractibles down 2bp. Volatility was minor. Volume was well above average.<\/p>\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>\n-0.7535 %<\/td>\n2,475.4<\/td>\n<\/tr>\n
FixedFloater<\/td>\n4.39 %<\/td>\n3.75 %<\/td>\n30,604<\/td>\n17.81<\/td>\n1<\/td>\n0.6977 %<\/td>\n3,592.7<\/td>\n<\/tr>\n
Floater<\/td>\n2.92 %<\/td>\n2.94 %<\/td>\n54,323<\/td>\n19.85<\/td>\n3<\/td>\n-0.7535 %<\/td>\n2,672.8<\/td>\n<\/tr>\n
OpRet<\/td>\n4.78 %<\/td>\n2.49 %<\/td>\n54,983<\/td>\n1.09<\/td>\n5<\/td>\n0.1001 %<\/td>\n2,512.4<\/td>\n<\/tr>\n
SplitShare<\/td>\n5.22 %<\/td>\n-2.62 %<\/td>\n58,016<\/td>\n0.58<\/td>\n4<\/td>\n-0.4758 %<\/td>\n2,705.4<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.1001 %<\/td>\n2,297.3<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.45 %<\/td>\n2.47 %<\/td>\n72,527<\/td>\n0.13<\/td>\n25<\/td>\n0.0438 %<\/td>\n2,230.0<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n5.08 %<\/td>\n5.04 %<\/td>\n86,336<\/td>\n15.25<\/td>\n8<\/td>\n-0.2775 %<\/td>\n2,440.4<\/td>\n<\/tr>\n
FixedReset<\/td>\n5.05 %<\/td>\n2.98 %<\/td>\n174,804<\/td>\n2.08<\/td>\n68<\/td>\n-0.0605 %<\/td>\n2,399.8<\/td>\n<\/tr>\n
Deemed-Retractible<\/td>\n4.95 %<\/td>\n3.26 %<\/td>\n177,020<\/td>\n1.00<\/td>\n45<\/td>\n-0.0235 %<\/td>\n2,329.5<\/td>\n<\/tr>\n<\/table>\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
FBS.PR.C<\/td>\nSplitShare<\/td>\n-1.74 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2012-12-15
\nMaturity Price : 10.00
\nEvaluated at bid price : 10.72
\nBid-YTW : -5.93 %<\/td>\n<\/tr>\n
BAM.PR.K<\/td>\nFloater<\/td>\n-1.42 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2042-05-16
\nMaturity Price : 18.00
\nEvaluated at bid price : 18.00
\nBid-YTW : 2.94 %<\/td>\n<\/tr>\n
MFC.PR.G<\/td>\nFixedReset<\/td>\n-1.19 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2016-12-19
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.00
\nBid-YTW : 4.32 %<\/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>\n102,000<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2014-08-24
\nMaturity Price : 25.00
\nEvaluated at bid price : 26.81
\nBid-YTW : 2.90 %<\/td>\n<\/tr>\n
ENB.PR.D<\/td>\nFixedReset<\/td>\n98,349<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2018-03-01
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.38
\nBid-YTW : 3.69 %<\/td>\n<\/tr>\n
TD.PR.K<\/td>\nFixedReset<\/td>\n95,400<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2014-07-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 26.90
\nBid-YTW : 2.83 %<\/td>\n<\/tr>\n
BAM.PR.B<\/td>\nFloater<\/td>\n89,778<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2042-05-16
\nMaturity Price : 18.00
\nEvaluated at bid price : 18.00
\nBid-YTW : 2.94 %<\/td>\n<\/tr>\n
TRP.PR.A<\/td>\nFixedReset<\/td>\n83,997<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2014-12-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 26.04
\nBid-YTW : 3.18 %<\/td>\n<\/tr>\n
BMO.PR.J<\/td>\nDeemed-Retractible<\/td>\n65,040<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2012-06-15
\nMaturity Price : 26.00
\nEvaluated at bid price : 26.20
\nBid-YTW : -6.21 %<\/td>\n<\/tr>\n
There were 41 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
BAM.PR.B<\/td>\nFloater<\/td>\nQuote: 18.00 – 18.35
\nSpot Rate : 0.3500
\nAverage : 0.2546<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2042-05-16
\nMaturity Price : 18.00
\nEvaluated at bid price : 18.00
\nBid-YTW : 2.94 %<\/td>\n<\/tr>\n

BAM.PR.K<\/td>\nFloater<\/td>\nQuote: 18.00 – 18.35
\nSpot Rate : 0.3500
\nAverage : 0.2548<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2042-05-16
\nMaturity Price : 18.00
\nEvaluated at bid price : 18.00
\nBid-YTW : 2.94 %<\/td>\n<\/tr>\n

BAM.PR.Z<\/td>\nFixedReset<\/td>\nQuote: 25.90 – 26.18
\nSpot Rate : 0.2800
\nAverage : 0.1923<\/p>\n

YTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2017-12-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.90
\nBid-YTW : 4.22 %<\/td>\n<\/tr>\n

BNA.PR.D<\/td>\nSplitShare<\/td>\nQuote: 26.55 – 26.75
\nSpot Rate : 0.2000
\nAverage : 0.1366<\/p>\n

YTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2012-06-15
\nMaturity Price : 26.00
\nEvaluated at bid price : 26.55
\nBid-YTW : -2.62 %<\/td>\n<\/tr>\n

CU.PR.A<\/td>\nPerpetual-Premium<\/td>\nQuote: 25.52 – 25.70
\nSpot Rate : 0.1800
\nAverage : 0.1166<\/p>\n

YTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2012-06-15
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.52
\nBid-YTW : -21.16 %<\/td>\n<\/tr>\n

ELF.PR.F<\/td>\nPerpetual-Discount<\/td>\nQuote: 24.66 – 24.96
\nSpot Rate : 0.3000
\nAverage : 0.2438<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2042-05-16
\nMaturity Price : 24.35
\nEvaluated at bid price : 24.66
\nBid-YTW : 5.42 %<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

There are fears the Greek bank run is accellerating: Greek President Karolos Papoulias was told by the nation\u2019s central bank chief that financial institutions are worried about their survival as Greeks pull out euros amid …<\/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-18658","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/18658","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=18658"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/18658\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=18658"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=18658"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=18658"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}