{"id":22767,"date":"2013-08-13T01:07:59","date_gmt":"2013-08-13T05:07:59","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=22767"},"modified":"2013-08-13T01:07:59","modified_gmt":"2013-08-13T05:07:59","slug":"august-12-2013","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=22767","title":{"rendered":"August 12, 2013"},"content":{"rendered":"<p>Nothing happened today.<\/p>\n<p>The Canadian preferred share market got smacked again, with PerpetualDiscounts losing 113bp, FixedResets down 34bp and DeemedRetractibles off 28bp. BAM issues were prominent on the very lengthy Performance Highlights list, and not on the good part of it either! Mind you, the good part wasn&#8217;t all that lengthy. Volume was quite high.<\/p>\n<table border='1'>\n<tr>\n<td colspan='8'><strong>HIMIPref&trade; Preferred Indices<br \/>These values reflect the December 2008 revision of the HIMIPref&trade; Indices<\/strong><br \/>Values are provisional and are finalized monthly<\/td>\n<\/tr>\n<tr>\n<td>Index<\/td>\n<td>Mean<br \/>Current<br \/>Yield<br \/>(at bid)<\/td>\n<td>Median<br \/>YTW<\/td>\n<td>Median<br \/>Average<br \/>Trading<br \/>Value<\/td>\n<td>Median<br \/>Mod Dur<br \/>(YTW)<\/td>\n<td>Issues<\/td>\n<td>Day&#8217;s Perf.<\/td>\n<td>Index Value<\/td>\n<\/tr>\n<tr>\n<td>Ratchet<\/td>\n<td>0.00 %<\/td>\n<td>0.00 %<\/td>\n<td>0<\/td>\n<td>0.00<\/td>\n<td>0<\/td>\n<td>0.4772 %<\/td>\n<td>2,643.0<\/td>\n<\/tr>\n<tr>\n<td>FixedFloater<\/td>\n<td>4.34 %<\/td>\n<td>3.63 %<\/td>\n<td>32,466<\/td>\n<td>18.10<\/td>\n<td>1<\/td>\n<td>-0.9950 %<\/td>\n<td>3,826.2<\/td>\n<\/tr>\n<tr>\n<td>Floater<\/td>\n<td>2.54 %<\/td>\n<td>2.83 %<\/td>\n<td>73,324<\/td>\n<td>20.12<\/td>\n<td>5<\/td>\n<td>0.4772 %<\/td>\n<td>2,853.7<\/td>\n<\/tr>\n<tr>\n<td>OpRet<\/td>\n<td>4.69 %<\/td>\n<td>3.50 %<\/td>\n<td>75,900<\/td>\n<td>2.22<\/td>\n<td>3<\/td>\n<td>-1.2982 %<\/td>\n<td>2,573.5<\/td>\n<\/tr>\n<tr>\n<td>SplitShare<\/td>\n<td>4.68 %<\/td>\n<td>4.69 %<\/td>\n<td>55,350<\/td>\n<td>4.13<\/td>\n<td>6<\/td>\n<td>0.1667 %<\/td>\n<td>2,959.6<\/td>\n<\/tr>\n<tr>\n<td>Interest-Bearing<\/td>\n<td>0.00 %<\/td>\n<td>0.00 %<\/td>\n<td>0<\/td>\n<td>0.00<\/td>\n<td>0<\/td>\n<td>-1.2982 %<\/td>\n<td>2,353.2<\/td>\n<\/tr>\n<tr>\n<td>Perpetual-Premium<\/td>\n<td>5.73 %<\/td>\n<td>5.79 %<\/td>\n<td>91,977<\/td>\n<td>14.17<\/td>\n<td>12<\/td>\n<td>-0.4571 %<\/td>\n<td>2,260.1<\/td>\n<\/tr>\n<tr>\n<td>Perpetual-Discount<\/td>\n<td>5.62 %<\/td>\n<td>5.70 %<\/td>\n<td>154,715<\/td>\n<td>14.31<\/td>\n<td>25<\/td>\n<td>-1.1309 %<\/td>\n<td>2,293.5<\/td>\n<\/tr>\n<tr>\n<td>FixedReset<\/td>\n<td>5.04 %<\/td>\n<td>3.94 %<\/td>\n<td>241,056<\/td>\n<td>7.20<\/td>\n<td>85<\/td>\n<td>-0.3388 %<\/td>\n<td>2,421.5<\/td>\n<\/tr>\n<tr>\n<td>Deemed-Retractible<\/td>\n<td>5.23 %<\/td>\n<td>5.26 %<\/td>\n<td>182,841<\/td>\n<td>6.96<\/td>\n<td>43<\/td>\n<td>-0.2831 %<\/td>\n<td>2,312.7<\/td>\n<\/tr>\n<\/table>\n<table border='1'>\n<tr>\n<td colspan='4'><strong>Performance Highlights<\/strong><\/td>\n<\/tr>\n<tr>\n<td>Issue<\/td>\n<td>Index<\/td>\n<td>Change<\/td>\n<td>Notes<\/td>\n<\/tr>\n<tr>\n<td>BAM.PF.D<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-4.16 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2043-08-12<br \/>\nMaturity Price  : 20.49<br \/>\nEvaluated at bid price : 20.49<br \/>\nBid-YTW : 6.10 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PR.J<\/td>\n<td>OpRet<\/td>\n<td>-3.81 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Soft Maturity<br \/>\nMaturity Date\t: 2018-03-30<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 25.27<br \/>\nBid-YTW : 5.32 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PR.M<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-3.12 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2043-08-12<br \/>\nMaturity Price  : 20.20<br \/>\nEvaluated at bid price : 20.20<br \/>\nBid-YTW : 5.97 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PF.B<\/td>\n<td>FixedReset<\/td>\n<td>-3.11 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2043-08-12<br \/>\nMaturity Price  : 22.28<br \/>\nEvaluated at bid price : 23.06<br \/>\nBid-YTW : 4.71 %<\/td>\n<\/tr>\n<tr>\n<td>ENB.PR.H<\/td>\n<td>FixedReset<\/td>\n<td>-3.07 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2043-08-12<br \/>\nMaturity Price  : 22.30<br \/>\nEvaluated at bid price : 23.05<br \/>\nBid-YTW : 4.27 %<\/td>\n<\/tr>\n<tr>\n<td>GWO.PR.N<\/td>\n<td>FixedReset<\/td>\n<td>-3.02 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Hard Maturity<br \/>\nMaturity Date\t: 2025-01-31<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 22.47<br \/>\nBid-YTW : 4.42 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PF.C<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-2.99 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2043-08-12<br \/>\nMaturity Price  : 20.09<br \/>\nEvaluated at bid price : 20.09<br \/>\nBid-YTW : 6.13 %<\/td>\n<\/tr>\n<tr>\n<td>BMO.PR.L<\/td>\n<td>Deemed-Retractible<\/td>\n<td>-2.71 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Call<br \/>\nMaturity Date\t: 2017-05-25<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 25.10<br \/>\nBid-YTW : 5.65 %<\/td>\n<\/tr>\n<tr>\n<td>GWO.PR.H<\/td>\n<td>Deemed-Retractible<\/td>\n<td>-2.67 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Hard Maturity<br \/>\nMaturity Date\t: 2025-01-31<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 22.24<br \/>\nBid-YTW : 6.33 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PR.N<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-2.54 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2043-08-12<br \/>\nMaturity Price  : 19.98<br \/>\nEvaluated at bid price : 19.98<br \/>\nBid-YTW : 6.04 %<\/td>\n<\/tr>\n<tr>\n<td>TRP.PR.C<\/td>\n<td>FixedReset<\/td>\n<td>-2.25 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2043-08-12<br \/>\nMaturity Price  : 21.41<br \/>\nEvaluated at bid price : 21.75<br \/>\nBid-YTW : 3.96 %<\/td>\n<\/tr>\n<tr>\n<td>ELF.PR.G<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-2.24 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2043-08-12<br \/>\nMaturity Price  : 21.36<br \/>\nEvaluated at bid price : 21.36<br \/>\nBid-YTW : 5.63 %<\/td>\n<\/tr>\n<tr>\n<td>ELF.PR.H<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-2.10 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2043-08-12<br \/>\nMaturity Price  : 23.43<br \/>\nEvaluated at bid price : 23.77<br \/>\nBid-YTW : 5.84 %<\/td>\n<\/tr>\n<tr>\n<td>MFC.PR.K<\/td>\n<td>FixedReset<\/td>\n<td>-2.01 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Hard Maturity<br \/>\nMaturity Date\t: 2025-01-31<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 23.86<br \/>\nBid-YTW : 4.49 %<\/td>\n<\/tr>\n<tr>\n<td>SLF.PR.H<\/td>\n<td>FixedReset<\/td>\n<td>-1.95 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Hard Maturity<br \/>\nMaturity Date\t: 2025-01-31<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 24.12<br \/>\nBid-YTW : 4.39 %<\/td>\n<\/tr>\n<tr>\n<td>PWF.PR.F<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-1.89 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2043-08-12<br \/>\nMaturity Price  : 22.53<br \/>\nEvaluated at bid price : 22.78<br \/>\nBid-YTW : 5.80 %<\/td>\n<\/tr>\n<tr>\n<td>CU.PR.G<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-1.82 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2043-08-12<br \/>\nMaturity Price  : 20.53<br \/>\nEvaluated at bid price : 20.53<br \/>\nBid-YTW : 5.50 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PR.T<\/td>\n<td>FixedReset<\/td>\n<td>-1.69 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2043-08-12<br \/>\nMaturity Price  : 23.11<br \/>\nEvaluated at bid price : 24.50<br \/>\nBid-YTW : 4.21 %<\/td>\n<\/tr>\n<tr>\n<td>PWF.PR.R<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-1.67 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2043-08-12<br \/>\nMaturity Price  : 23.72<br \/>\nEvaluated at bid price : 24.09<br \/>\nBid-YTW : 5.74 %<\/td>\n<\/tr>\n<tr>\n<td>PWF.PR.L<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-1.62 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2043-08-12<br \/>\nMaturity Price  : 21.89<br \/>\nEvaluated at bid price : 21.89<br \/>\nBid-YTW : 5.88 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PR.X<\/td>\n<td>FixedReset<\/td>\n<td>-1.60 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2043-08-12<br \/>\nMaturity Price  : 21.80<br \/>\nEvaluated at bid price : 22.15<br \/>\nBid-YTW : 4.29 %<\/td>\n<\/tr>\n<tr>\n<td>GWO.PR.F<\/td>\n<td>Deemed-Retractible<\/td>\n<td>-1.52 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Call<br \/>\nMaturity Date\t: 2013-09-11<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 25.22<br \/>\nBid-YTW : 3.64 %<\/td>\n<\/tr>\n<tr>\n<td>TRP.PR.B<\/td>\n<td>FixedReset<\/td>\n<td>-1.50 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2043-08-12<br \/>\nMaturity Price  : 21.00<br \/>\nEvaluated at bid price : 21.00<br \/>\nBid-YTW : 3.78 %<\/td>\n<\/tr>\n<tr>\n<td>BNS.PR.R<\/td>\n<td>FixedReset<\/td>\n<td>-1.44 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Hard Maturity<br \/>\nMaturity Date\t: 2022-01-31<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 24.71<br \/>\nBid-YTW : 3.93 %<\/td>\n<\/tr>\n<tr>\n<td>GWO.PR.G<\/td>\n<td>Deemed-Retractible<\/td>\n<td>-1.34 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Hard Maturity<br \/>\nMaturity Date\t: 2025-01-31<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 23.60<br \/>\nBid-YTW : 5.99 %<\/td>\n<\/tr>\n<tr>\n<td>TD.PR.P<\/td>\n<td>Deemed-Retractible<\/td>\n<td>-1.30 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Hard Maturity<br \/>\nMaturity Date\t: 2022-01-31<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 25.12<br \/>\nBid-YTW : 5.24 %<\/td>\n<\/tr>\n<tr>\n<td>ENB.PR.B<\/td>\n<td>FixedReset<\/td>\n<td>-1.29 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2043-08-12<br \/>\nMaturity Price  : 22.76<br \/>\nEvaluated at bid price : 23.75<br \/>\nBid-YTW : 4.36 %<\/td>\n<\/tr>\n<tr>\n<td>PWF.PR.O<\/td>\n<td>Perpetual-Premium<\/td>\n<td>-1.27 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2043-08-12<br \/>\nMaturity Price  : 24.43<br \/>\nEvaluated at bid price : 24.90<br \/>\nBid-YTW : 5.85 %<\/td>\n<\/tr>\n<tr>\n<td>FTS.PR.F<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-1.21 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2043-08-12<br \/>\nMaturity Price  : 22.66<br \/>\nEvaluated at bid price : 22.90<br \/>\nBid-YTW : 5.44 %<\/td>\n<\/tr>\n<tr>\n<td>GWO.PR.M<\/td>\n<td>Deemed-Retractible<\/td>\n<td>-1.13 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Call<br \/>\nMaturity Date\t: 2019-03-31<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 25.41<br \/>\nBid-YTW : 5.64 %<\/td>\n<\/tr>\n<tr>\n<td>PWF.PR.E<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-1.13 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2043-08-12<br \/>\nMaturity Price  : 23.38<br \/>\nEvaluated at bid price : 23.67<br \/>\nBid-YTW : 5.85 %<\/td>\n<\/tr>\n<tr>\n<td>MFC.PR.I<\/td>\n<td>FixedReset<\/td>\n<td>-1.07 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Call<br \/>\nMaturity Date\t: 2017-09-19<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 25.03<br \/>\nBid-YTW : 4.57 %<\/td>\n<\/tr>\n<tr>\n<td>BMO.PR.Q<\/td>\n<td>FixedReset<\/td>\n<td>-1.04 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Hard Maturity<br \/>\nMaturity Date\t: 2022-01-31<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 23.75<br \/>\nBid-YTW : 3.99 %<\/td>\n<\/tr>\n<tr>\n<td>SLF.PR.D<\/td>\n<td>Deemed-Retractible<\/td>\n<td>-1.04 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Hard Maturity<br \/>\nMaturity Date\t: 2025-01-31<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 20.92<br \/>\nBid-YTW : 6.60 %<\/td>\n<\/tr>\n<tr>\n<td>CU.PR.D<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-1.00 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2043-08-12<br \/>\nMaturity Price  : 22.34<br \/>\nEvaluated at bid price : 22.66<br \/>\nBid-YTW : 5.40 %<\/td>\n<\/tr>\n<tr>\n<td>CM.PR.G<\/td>\n<td>Perpetual-Premium<\/td>\n<td>-1.00 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2043-08-12<br \/>\nMaturity Price  : 24.46<br \/>\nEvaluated at bid price : 24.70<br \/>\nBid-YTW : 5.50 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PR.K<\/td>\n<td>Floater<\/td>\n<td>1.04 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2043-08-12<br \/>\nMaturity Price  : 18.41<br \/>\nEvaluated at bid price : 18.41<br \/>\nBid-YTW : 2.87 %<\/td>\n<\/tr>\n<tr>\n<td>BNS.PR.K<\/td>\n<td>Deemed-Retractible<\/td>\n<td>1.19 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Hard Maturity<br \/>\nMaturity Date\t: 2022-01-31<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 24.59<br \/>\nBid-YTW : 5.09 %<\/td>\n<\/tr>\n<tr>\n<td>GWO.PR.I<\/td>\n<td>Deemed-Retractible<\/td>\n<td>2.49 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Hard Maturity<br \/>\nMaturity Date\t: 2025-01-31<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 21.85<br \/>\nBid-YTW : 6.14 %<\/td>\n<\/tr>\n<\/table>\n<table border='1'>\n<tr>\n<td colspan='4'><strong>Volume Highlights<\/strong><\/td>\n<\/tr>\n<tr>\n<td>Issue<\/td>\n<td>Index<\/td>\n<td>Shares<br \/>Traded<\/td>\n<td>Notes<\/td>\n<\/tr>\n<tr>\n<td>BNS.PR.P<\/td>\n<td>FixedReset<\/td>\n<td>61,700<\/td>\n<td>TD crossed 10,000 at 24.22; Nesbitt crossed 41,200 at the same price.<br \/>\nYTW SCENARIO<br \/>\nMaturity Type   : Hard Maturity<br \/>\nMaturity Date\t: 2022-01-31<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 24.21<br \/>\nBid-YTW : 4.02 %<\/td>\n<\/tr>\n<tr>\n<td>RY.PR.L<\/td>\n<td>FixedReset<\/td>\n<td>58,900<\/td>\n<td>RBC crossed 44,700 at 25.26; GMP bought 10,000 from UBS at 25.25.<br \/>\nYTW SCENARIO<br \/>\nMaturity Type   : Call<br \/>\nMaturity Date\t: 2014-02-24<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 25.20<br \/>\nBid-YTW : 3.74 %<\/td>\n<\/tr>\n<tr>\n<td>MFC.PR.E<\/td>\n<td>FixedReset<\/td>\n<td>54,407<\/td>\n<td>Nesbitt crossed blocks of 24,000 and 25,000, both at 25.68.<br \/>\nYTW SCENARIO<br \/>\nMaturity Type   : Call<br \/>\nMaturity Date\t: 2014-09-19<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 25.67<br \/>\nBid-YTW : 3.90 %<\/td>\n<\/tr>\n<tr>\n<td>ENB.PR.Y<\/td>\n<td>FixedReset<\/td>\n<td>47,900<\/td>\n<td>RBC crossed 32,600 at 23.45.<br \/>\nYTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2043-08-12<br \/>\nMaturity Price  : 22.54<br \/>\nEvaluated at bid price : 23.59<br \/>\nBid-YTW : 4.35 %<\/td>\n<\/tr>\n<tr>\n<td>TD.PR.C<\/td>\n<td>FixedReset<\/td>\n<td>46,400<\/td>\n<td>TD crossed 40,000 at 25.28.<br \/>\nYTW SCENARIO<br \/>\nMaturity Type   : Call<br \/>\nMaturity Date\t: 2014-01-31<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 25.25<br \/>\nBid-YTW : 3.84 %<\/td>\n<\/tr>\n<tr>\n<td>BNS.PR.R<\/td>\n<td>FixedReset<\/td>\n<td>41,900<\/td>\n<td>RBC crossed 27,000 at 24.75.<br \/>\nYTW SCENARIO<br \/>\nMaturity Type   : Hard Maturity<br \/>\nMaturity Date\t: 2022-01-31<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 24.71<br \/>\nBid-YTW : 3.93 %<\/td>\n<\/tr>\n<tr>\n<td colspan='4'>There were 54 other index-included issues trading in excess of 10,000 shares.<\/td>\n<\/tr>\n<\/table>\n<table border='1'>\n<tr>\n<td colspan='3'><strong>Wide Spread Highlights<\/strong><\/td>\n<\/tr>\n<tr>\n<td>Issue<\/td>\n<td>Index<\/td>\n<td>Quote Data and Yield Notes<\/td>\n<\/tr>\n<tr>\n<td>BAM.PR.J<\/td>\n<td>OpRet<\/td>\n<td>Quote: 25.27 &#8211; 26.20<br \/>\nSpot Rate  :  0.9300<br \/>\nAverage  :  0.5922<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Soft Maturity<br \/>\nMaturity Date\t: 2018-03-30<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 25.27<br \/>\nBid-YTW : 5.32 %<\/td>\n<\/tr>\n<tr>\n<td>TD.PR.S<\/td>\n<td>FixedReset<\/td>\n<td>Quote: 24.20 &#8211; 24.70<br \/>\nSpot Rate  :  0.5000<br \/>\nAverage  :  0.2767<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Hard Maturity<br \/>\nMaturity Date\t: 2022-01-31<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 24.20<br \/>\nBid-YTW : 3.85 %<\/td>\n<\/tr>\n<tr>\n<td>PWF.PR.R<\/td>\n<td>Perpetual-Discount<\/td>\n<td>Quote: 24.09 &#8211; 24.77<br \/>\nSpot Rate  :  0.6800<br \/>\nAverage  :  0.4957<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2043-08-12<br \/>\nMaturity Price  : 23.72<br \/>\nEvaluated at bid price : 24.09<br \/>\nBid-YTW : 5.74 %<\/td>\n<\/tr>\n<tr>\n<td>GWO.PR.F<\/td>\n<td>Deemed-Retractible<\/td>\n<td>Quote: 25.22 &#8211; 25.73<br \/>\nSpot Rate  :  0.5100<br \/>\nAverage  :  0.3268<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Call<br \/>\nMaturity Date\t: 2013-09-11<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 25.22<br \/>\nBid-YTW : 3.64 %<\/td>\n<\/tr>\n<tr>\n<td>CU.PR.E<\/td>\n<td>Perpetual-Discount<\/td>\n<td>Quote: 22.62 &#8211; 23.25<br \/>\nSpot Rate  :  0.6300<br \/>\nAverage  :  0.4485<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2043-08-12<br \/>\nMaturity Price  : 22.30<br \/>\nEvaluated at bid price : 22.62<br \/>\nBid-YTW : 5.41 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PR.X<\/td>\n<td>FixedReset<\/td>\n<td>Quote: 22.15 &#8211; 22.61<br \/>\nSpot Rate  :  0.4600<br \/>\nAverage  :  0.3096<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2043-08-12<br \/>\nMaturity Price  : 21.80<br \/>\nEvaluated at bid price : 22.15<br \/>\nBid-YTW : 4.29 %<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Nothing happened today. The Canadian preferred share market got smacked again, with PerpetualDiscounts losing 113bp, FixedResets down 34bp and DeemedRetractibles off 28bp. BAM issues were prominent on the very lengthy Performance Highlights list, and not &hellip;<\/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-22767","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/22767","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=22767"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/22767\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=22767"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=22767"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=22767"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}