{"id":20148,"date":"2012-10-31T00:35:39","date_gmt":"2012-10-31T04:35:39","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=20148"},"modified":"2012-10-31T00:35:39","modified_gmt":"2012-10-31T04:35:39","slug":"october-30-2012","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=20148","title":{"rendered":"October 30, 2012"},"content":{"rendered":"

Sandy did some damage<\/a>:<\/p>\n

Citigroup Inc. (C), the third-largest U.S. bank, said its offices at 111 Wall St. will be unusable for weeks after Hurricane Sandy battered lower Manhattan with water and power outages.<\/p>\n

\u201cThe building experienced severe flooding and will be out of commission for several weeks,\u201d Chief Executive Officer Michael Corbat wrote in a memo to employees today.<\/p>\n

The New York-based firm is still assessing when buildings at 388 and 390 Greenwich St. can reopen, a process complicated by power and transit outages, he said. <\/p><\/blockquote>\n

It was a mixed day for the Canadian preferred share market, with PerpetualPremiums gaining 5bp, FixedResets off 3bp and DeemedRetractibles up 11bp. Volatility was non-existent. Volume was extremely low.<\/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>\n0.0533 %<\/td>\n2,469.1<\/td>\n<\/tr>\n
FixedFloater<\/td>\n4.18 %<\/td>\n3.51 %<\/td>\n35,049<\/td>\n18.32<\/td>\n1<\/td>\n0.2203 %<\/td>\n3,853.3<\/td>\n<\/tr>\n
Floater<\/td>\n2.80 %<\/td>\n2.99 %<\/td>\n56,699<\/td>\n19.74<\/td>\n4<\/td>\n0.0533 %<\/td>\n2,665.9<\/td>\n<\/tr>\n
OpRet<\/td>\n4.62 %<\/td>\n2.02 %<\/td>\n41,555<\/td>\n0.65<\/td>\n4<\/td>\n-0.3705 %<\/td>\n2,569.0<\/td>\n<\/tr>\n
SplitShare<\/td>\n5.39 %<\/td>\n4.82 %<\/td>\n66,825<\/td>\n4.47<\/td>\n3<\/td>\n-0.0131 %<\/td>\n2,844.4<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.3705 %<\/td>\n2,349.1<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.28 %<\/td>\n1.21 %<\/td>\n79,560<\/td>\n0.32<\/td>\n27<\/td>\n0.0545 %<\/td>\n2,311.4<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n5.01 %<\/td>\n4.92 %<\/td>\n42,885<\/td>\n15.47<\/td>\n4<\/td>\n0.1744 %<\/td>\n2,583.7<\/td>\n<\/tr>\n
FixedReset<\/td>\n4.98 %<\/td>\n3.03 %<\/td>\n209,361<\/td>\n3.94<\/td>\n73<\/td>\n-0.0312 %<\/td>\n2,444.7<\/td>\n<\/tr>\n
Deemed-Retractible<\/td>\n4.93 %<\/td>\n3.56 %<\/td>\n126,769<\/td>\n1.13<\/td>\n46<\/td>\n0.1102 %<\/td>\n2,384.4<\/td>\n<\/tr>\n<\/table>\n\n\n\n\n
Performance Highlights<\/strong><\/td>\n<\/tr>\n
Issue<\/td>\nIndex<\/td>\nChange<\/td>\nNotes<\/td>\n<\/tr>\n
No individual gains or losses exceeding 1%!<\/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
BMO.PR.K<\/td>\nDeemed-Retractible<\/td>\n101,839<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2012-12-25
\nMaturity Price : 26.00
\nEvaluated at bid price : 26.11
\nBid-YTW : -0.05 %<\/td>\n<\/tr>\n
IFC.PR.A<\/td>\nFixedReset<\/td>\n59,804<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2022-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.34
\nBid-YTW : 3.64 %<\/td>\n<\/tr>\n
RY.PR.X<\/td>\nFixedReset<\/td>\n50,100<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2014-08-24
\nMaturity Price : 25.00
\nEvaluated at bid price : 26.81
\nBid-YTW : 1.96 %<\/td>\n<\/tr>\n
BNS.PR.Y<\/td>\nFixedReset<\/td>\n44,540<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2022-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 24.87
\nBid-YTW : 2.85 %<\/td>\n<\/tr>\n
SLF.PR.D<\/td>\nDeemed-Retractible<\/td>\n31,664<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2022-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 23.70
\nBid-YTW : 5.25 %<\/td>\n<\/tr>\n
GWO.PR.G<\/td>\nDeemed-Retractible<\/td>\n30,225<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2013-12-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.25
\nBid-YTW : 4.73 %<\/td>\n<\/tr>\n
There were 12 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
BNA.PR.D<\/td>\nSplitShare<\/td>\nQuote: 26.50 – 26.89
\nSpot Rate : 0.3900
\nAverage : 0.2629<\/p>\n

YTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2012-11-29
\nMaturity Price : 26.00
\nEvaluated at bid price : 26.50
\nBid-YTW : -4.02 %<\/td>\n<\/tr>\n

MFC.PR.B<\/td>\nDeemed-Retractible<\/td>\nQuote: 23.85 – 24.20
\nSpot Rate : 0.3500
\nAverage : 0.2342<\/p>\n

YTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2022-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 23.85
\nBid-YTW : 5.39 %<\/td>\n<\/tr>\n

PWF.PR.O<\/td>\nPerpetual-Premium<\/td>\nQuote: 26.51 – 26.89
\nSpot Rate : 0.3800
\nAverage : 0.2699<\/p>\n

YTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2014-10-31
\nMaturity Price : 26.00
\nEvaluated at bid price : 26.51
\nBid-YTW : 4.56 %<\/td>\n<\/tr>\n

IAG.PR.E<\/td>\nDeemed-Retractible<\/td>\nQuote: 26.38 – 26.87
\nSpot Rate : 0.4900
\nAverage : 0.3858<\/p>\n

YTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2014-12-31
\nMaturity Price : 26.00
\nEvaluated at bid price : 26.38
\nBid-YTW : 5.32 %<\/td>\n<\/tr>\n

TRI.PR.B<\/td>\nFloater<\/td>\nQuote: 22.20 – 22.50
\nSpot Rate : 0.3000
\nAverage : 0.2030<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2042-10-30
\nMaturity Price : 21.97
\nEvaluated at bid price : 22.20
\nBid-YTW : 2.35 %<\/td>\n<\/tr>\n

RY.PR.G<\/td>\nDeemed-Retractible<\/td>\nQuote: 25.54 – 25.77
\nSpot Rate : 0.2300
\nAverage : 0.1452<\/p>\n

YTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2016-05-24
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.54
\nBid-YTW : 3.78 %<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Sandy did some damage: Citigroup Inc. (C), the third-largest U.S. bank, said its offices at 111 Wall St. will be unusable for weeks after Hurricane Sandy battered lower Manhattan with water and power outages. \u201cThe …<\/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-20148","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/20148","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=20148"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/20148\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=20148"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=20148"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=20148"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}