{"id":4751,"date":"2009-01-03T02:31:20","date_gmt":"2009-01-03T06:31:20","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=4751"},"modified":"2009-01-03T02:31:20","modified_gmt":"2009-01-03T06:31:20","slug":"january-2-2009","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=4751","title":{"rendered":"January 2, 2009"},"content":{"rendered":"<p>Great news! I&#8217;ve made the switchover to the &#8220;December Revision&#8221; of the <a href=\"http:\/\/www.prefblog.com\/?cat=15\">HIMIPref&trade; Preferred Indices<\/a> for daily reporting purposes. While this may not mean a lot to you, it is very important to me, since the tables are prepared programmatically.<\/p>\n<p>There&#8217;s some problems: inclusion of dividend effects is haphazard at best and for some reason the tables on daily performance and volume are getting the index assignments wrong, but I&#8217;ll figure out how to address these quirks shortly. The main thing is: I can now push a button and get my damn reports output by HIMIPref&trade; as nice clean HTML code &#8230; or at least, it will be clean once I get some other quirks ironed out.<\/p>\n<p>This will save me considerable time!<\/p>\n<p>And &#8211; oh, yeah &#8211; the market was up again today. But then, the market always goes up, doesn&#8217;t it?<\/p>\n<table border='1'>\n<tr>\n<td colspan='8'><strong>These values reflect the December 2008 Revision of the HIMIPref&trade; Indices<\/strong><br \/>Effects of dividends are not incorporated into the daily updates at this time. <\/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>7.16 %<\/td>\n<td>7.65 %<\/td>\n<td>31,187<\/td>\n<td>13.36<\/td>\n<td>2<\/td>\n<td>8.3712 %<\/td>\n<td>862.3<\/td>\n<\/tr>\n<tr>\n<td>FixedFloater<\/td>\n<td>7.81%<\/td>\n<td>7.68 %<\/td>\n<td>153,247<\/td>\n<td>13.13<\/td>\n<td>8<\/td>\n<td>4.5619%<\/td>\n<td>1,309.2<\/td>\n<\/tr>\n<tr>\n<td>Floater<\/td>\n<td>5.94 %<\/td>\n<td>5.61 %<\/td>\n<td>34,403<\/td>\n<td>14.53<\/td>\n<td>4<\/td>\n<td>4.1898%<\/td>\n<td>1,028.0<\/td>\n<\/tr>\n<tr>\n<td>OpRet<\/td>\n<td>5.42 %<\/td>\n<td>4.80 %<\/td>\n<td>127,701<\/td>\n<td>4.05<\/td>\n<td>15<\/td>\n<td>0.3454%<\/td>\n<td>1,974.7<\/td>\n<\/tr>\n<tr>\n<td>SplitShare<\/td>\n<td>6.31 %<\/td>\n<td>10.23 %<\/td>\n<td>75,880<\/td>\n<td>4.18<\/td>\n<td>15<\/td>\n<td>0.2140 %<\/td>\n<td>1,762.7<\/td>\n<\/tr>\n<tr>\n<td>Interest-Bearing<\/td>\n<td>7.55 %<\/td>\n<td>15.94 %<\/td>\n<td>48,596<\/td>\n<td>0.94<\/td>\n<td>2<\/td>\n<td>2.0126 %<\/td>\n<td>1,873.1<\/td>\n<\/tr>\n<tr>\n<td>Perpetual-Premium<\/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>2.5183 %<\/td>\n<td>1,504.4<\/td>\n<\/tr>\n<tr>\n<td>Perpetual-Discount<\/td>\n<td>7.09 %<\/td>\n<td>7.20 %<\/td>\n<td>245,625<\/td>\n<td>12.35<\/td>\n<td>71<\/td>\n<td>2.5183 %<\/td>\n<td>1,385.5<\/td>\n<\/tr>\n<tr>\n<td>FixedReset<\/td>\n<td>5.90 %<\/td>\n<td>4.79 %<\/td>\n<td>789,307<\/td>\n<td>15.32<\/td>\n<td>18<\/td>\n<td>0.4754%<\/td>\n<td>1,801.9<\/td>\n<\/tr>\n<\/table>\n<table border='1'>\n<tr>\n<td>Issue<\/td>\n<td>Index<\/td>\n<td>Change<\/td>\n<td>Notes<\/td>\n<\/tr>\n<tr>\n<td>IAG.PR.A<\/td>\n<td>PerpetualPremium<\/td>\n<td>-3.24 %<\/td>\n<td>Now with a pre-tax bid-YTW of 7.62% based on a bid of 15.25 and a <a href=\"http:\/\/www.prefshares.com\/glossary.html#limitMaturity\">limitMaturity<\/a>. Closing quote of 15.25-17.49 (!) 2&#215;2. No trades.<\/td>\n<\/tr>\n<tr>\n<td>WFS.PR.A<\/td>\n<td>SplitShare<\/td>\n<td>-2.00 %<\/td>\n<td>Asset coverage of 1.2-:1 as of Dec. 22 according to <a href=\"http:\/\/www.mulvihill.com\/sp_nav.cfm\">Mulvihill<\/a>. Now with a pre-tax bid-YTW of 10.93% based on a bid of 8.81 and a <a href=\"http:\/\/www.prefshares.com\/glossary.html#hardMaturity\">hardMaturity<\/a> 2011-6-30 at 10.00. Closing quote of 8.81-17, 3&#215;1. No Trades.<\/td>\n<\/tr>\n<tr>\n<td>CM.PR.R<\/td>\n<td>OpRet<\/td>\n<td>-1.52 %<\/td>\n<td>Now with a pre-tax bid-YTW of 4.80% based on a bid of 25.21 and a <a href=\"http:\/\/www.prefshares.com\/glossary.html#softMaturity\">softMaturity<\/a> 2013-4-29 at 25.00. Closing quote of 25.21-99, 8&#215;5. No trades.<\/td>\n<\/tr>\n<tr>\n<td>IAG.PR.C<\/td>\n<td>FixedReset<\/td>\n<td>-1.50 %<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>SBN.PR.A<\/td>\n<td>SplitShare<\/td>\n<td>-1.08 %<\/td>\n<td>Asset coverage of 1.6-:1 as of December 22 according to <a href=\"http:\/\/www.mulvihill.com\/sp_nav.cfm\">Mulvihill<\/a>. Now with a pre-tax bid-YTW of 7.11% based on a bid of 9.15 and a hardMaturity 2014-12-1 at 10.00. Closing quote of 9.15-48, 18&#215;3. No trades.<\/td>\n<\/tr>\n<tr>\n<td>CM.PR.H<\/td>\n<td>PerpetualDiscount<\/td>\n<td>1.09 %<\/td>\n<td>Now with a pre-tax bid-YTW of 7.23% based on a bid of 16.66 and a <a href=\"http:\/\/www.prefshares.com\/glossary.html#limitMaturity\">limitMaturity<\/a>. Closing quote of 16.66-81, 1&#215;1. Day&#8217;s range of 16.50-96.<\/td>\n<\/tr>\n<tr>\n<td>BNS.PR.R<\/td>\n<td>FixedReset<\/td>\n<td>1.14 %<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>CM.PR.K<\/td>\n<td>FixedReset<\/td>\n<td>1.16 %<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>BNA.PR.B<\/td>\n<td>SplitShare<\/td>\n<td>1.20 %<\/td>\n<td>Asset coverage of 1.8+:1 based on BAM.A at 18.81 and 2.4 BAM.A per preferred. Now with a pre-tax bid-YTW of 8.67% based on a bid of 20.25 and a hardMaturity 2016-3-25 at 25.00. Closing quote of 20.25-74, 5&#215;1. No trades.<\/td>\n<\/tr>\n<tr>\n<td>LBS.PR.A<\/td>\n<td>SplitShare<\/td>\n<td>1.26 %<\/td>\n<td>Asset coverage of 1.4-:1 as of December 31 according to <a href=\"http:\/\/www.bromptongroup.com\/funds\/lbs\/overview\/\">Brompton Group<\/a>. Now with a pre-tax bid-YTW of 10.46% based on a bid of 8.05 and a hardMaturity 2013-11-29 at 10.00. Closing quote of 8.05-46, 199&#215;1. No trades.<\/td>\n<\/tr>\n<tr>\n<td>RY.PR.D<\/td>\n<td>PerpetualDiscount<\/td>\n<td>1.27 %<\/td>\n<td>Now with a pre-tax bid-YTW of 6.53% based on a bid of 17.52 and a limitMaturity. Closing quote of 17.52-01, 1&#215;2. Day&#8217;s range of 17.55-75.<\/td>\n<\/tr>\n<tr>\n<td>ALB.PR.A<\/td>\n<td>SplitShare<\/td>\n<td>1.32 %<\/td>\n<td>Asset coverage of 1.1+:1 as of December 23 according to <a href=\"http:\/\/www.scotiamanagedcompanies.com\/mcapp\/profile.do;?com=ALB\">Scotia<\/a>. Now with a pre-tax bid-YTW of 16.09% based on a bid of 19.91 and a hardMaturity 2011-2-28 at 25.00. Closing quote of 19.91-89, 40&#215;1. No trades.<\/td>\n<\/tr>\n<tr>\n<td>CU.PR.A<\/td>\n<td>PerpetualDiscount<\/td>\n<td>1.33 %<\/td>\n<td>Now with a pre-tax bid-YTW of 6.91% based on a bid of 21.30 and a limitMaturity. Closing quote of 21.30-75, 5&#215;2. Day&#8217;s range of 21.25-72.<\/td>\n<\/tr>\n<tr>\n<td>CM.PR.D<\/td>\n<td>PerpetualDiscount<\/td>\n<td>1.40 %<\/td>\n<td>Now with a pre-tax bid-YTW of 7.39% based on a bid of 19.53 and a limitMaturity. Closing quote of 19.53-75, 2&#215;3. Day&#8217;s range of 19.10-75.<\/td>\n<\/tr>\n<tr>\n<td>BNS.PR.M<\/td>\n<td>PerpetualDiscount<\/td>\n<td>1.47%<\/td>\n<td>Now with a pre-tax bid-YTW of 6.63% based on a bid of 17.02 and a limitMaturity. Closing quote of 17.02-42, 3&#215;3. Day&#8217;s range of 16.57-42. <\/td>\n<\/tr>\n<tr>\n<td>RY.PR.C<\/td>\n<td>PerpetualDiscount<\/td>\n<td>1.54 %<\/td>\n<td>Now with a pre-tax bid-YTW of 6.58% based on a bid of 17.78 and a limitMaturity. Closing quote of 17.02-42, 3&#215;3. Day&#8217;s range of 16.57-42.<\/td>\n<\/tr>\n<tr>\n<td>W.PR.J<\/td>\n<td>PerpetualDiscount<\/td>\n<td>1.57 %<\/td>\n<td>Now with a pre-tax bid-YTW of 8.38% based on a bid of 16.83 and a limitMaturity. Closing quote of 16.83-55, 4&#215;1. No trades.<\/td>\n<\/tr>\n<tr>\n<td>RY.PR.B<\/td>\n<td>PerpetualDiscount<\/td>\n<td>1.90%<\/td>\n<td>Now with a pre-tax bid-YTW of 6.54% based on a bid of 18.26 and a limitMaturity. Closing quote of 18.26-45, 9&#215;8. Day&#8217;s range of 18.00-45.<\/td>\n<\/tr>\n<tr>\n<td>BNS.PR.J<\/td>\n<td>PerpetualDiscount<\/td>\n<td>1.93%<\/td>\n<td>Now with a pre-tax bid-YTW of 6.70% based on a bid of 19.65 and a limitMaturity. Closing quote of 19.65-80, 20&#215;3. Day&#8217;s range of 19.43-80.<\/td>\n<\/tr>\n<tr>\n<td>RY.PR.W<\/td>\n<td>PerpetualDiscount<\/td>\n<td>2.01 %<\/td>\n<td>Now with a pre-tax bid-YTW of 6.45% based on a bid of 19.30 and a limitMaturity. Closing quote of 19.30-49, 10&#215;9. Day&#8217;s range of 19.25-35.<\/td>\n<\/tr>\n<tr>\n<td>TCA.PR.Y<\/td>\n<td>PerpetualDiscount<\/td>\n<td>2.01%<\/td>\n<td>Now with a pre-tax bid-YTW of 6.67% based on a bid of 42.10 and a limitMaturity. Closing quote of 42.10-62, 7&#215;6. Day&#8217;s range of 41.42-42.63.<\/td>\n<\/tr>\n<tr>\n<td>NA.PR.N<\/td>\n<td>FixedReset<\/td>\n<td>2.08 %<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>CM.PR.E<\/td>\n<td>PerpetualDiscount<\/td>\n<td>2.11 %<\/td>\n<td>Now with a pre-tax bid-YTW of 7.26% based on a bid of 19.35 and a limitMaturity. Closing quote of 19.35-39, 1&#215;2. Day&#8217;s range of 19.35-49.<\/td>\n<\/tr>\n<tr>\n<td>HSB.PR.D<\/td>\n<td>PerpetualDiscount<\/td>\n<td>2.23%<\/td>\n<td>Now with a pre-tax bid-YTW of 7.46% based on a bid of 16.93 and a limitMaturity. Closing quote of 16.93-25, 13&#215;1. Day&#8217;s range of 16.85-39 <\/td>\n<\/tr>\n<tr>\n<td>CM.PR.G<\/td>\n<td>PerpetualDiscount<\/td>\n<td>2.23 %<\/td>\n<td>Now with a pre-tax bid-YTW of 7.22% based on a bid of 18.76 and a limitMaturity. Closing quote of 18.76-80, 1&#215;5. Day&#8217;s range of 18.39-00.<\/td>\n<\/tr>\n<tr>\n<td>ELF.PR.G<\/td>\n<td>PerpetualDiscount<\/td>\n<td>2.34 %<\/td>\n<td>Now with a pre-tax bid-YTW of 8.54% based on a bid of 14.00 and a limitMaturity. Closing quote of 14.00-71, 6&#215;8. Day&#8217;s range of 14.00-75.<\/td>\n<\/tr>\n<tr>\n<td>CL.PR.B<\/td>\n<td>PerpetualDiscount<\/td>\n<td>2.41 %<\/td>\n<td>Now with a pre-tax bid-YTW of 7.43% based on a bid of 21.25 and a limitMaturity. Closing quote of 21.25-49, 2&#215;2. Day&#8217;s range of 21.24-48.<\/td>\n<\/tr>\n<tr>\n<td>BNS.PR.N<\/td>\n<td>PerpetualDiscount<\/td>\n<td>2.43%<\/td>\n<td>Now with a pre-tax bid-YTW of 6.65% based on a bid of 19.80 and a limitMaturity. Closing quote of 19.80-00, 5&#215;8. Day&#8217;s range of 19.80-00.<\/td>\n<\/tr>\n<tr>\n<td>BAM.PR.K<\/td>\n<td>Floater<\/td>\n<td>2.54 %<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>BNS.PR.Q<\/td>\n<td>FixedReset<\/td>\n<td>2.62%<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>BMO.PR.H<\/td>\n<td>PerpetualDiscount<\/td>\n<td>2.65 %<\/td>\n<td>Now with a pre-tax bid-YT<br \/>\nW of 7.09% based on<br \/>\na bid of 19.01 and a limitMaturity. Closing quote of 19.01-40, 7&#215;3. Day&#8217;s range of 18.65-40.<\/td>\n<\/tr>\n<tr>\n<td>BMO.PR.K<\/td>\n<td>PerpetualDiscount<\/td>\n<td>2.65 %<\/td>\n<td>Now with a pre-tax bid-YTW of 7.02% based on a bid of 19.00 and a limitMaturity. Closing quote of 19.00-35, 1&#215;5. Day&#8217;s range of 18.75-00.<\/td>\n<\/tr>\n<tr>\n<td>ELF.PR.F<\/td>\n<td>PerpetualDiscount<\/td>\n<td>2.65 %<\/td>\n<td>Now with a pre-tax bid-YTW of 8.61% based on a bid of 15.50 and a limitMaturity. Closing quote of 15.50-00, 1&#215;10. Day&#8217;s range of 15.50-86.<\/td>\n<\/tr>\n<tr>\n<td>RY.PR.I<\/td>\n<td>FixedReset<\/td>\n<td>2.67 %<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>RY.PR.F<\/td>\n<td>PerpetualDiscount<\/td>\n<td>2.69 %<\/td>\n<td>Now with a pre-tax bid-YTW of 6.58% based on a bid of 17.20 and a limitMaturity. Closing quote of 17.20-42, 3&#215;5. Day&#8217;s range of 17.00-40.<\/td>\n<\/tr>\n<tr>\n<td>TD.PR.R<\/td>\n<td>PerpetualDiscount<\/td>\n<td>2.69 %<\/td>\n<td>Now with a pre-tax bid-YTW of 6.83% based on a bid of 20.96 and a limitMaturity. Closing quote of 20.96-34, 2&#215;2. Day&#8217;s range of 20.60-21.64.<\/td>\n<\/tr>\n<tr>\n<td>GWO.PR.F<\/td>\n<td>PerpetualDiscount<\/td>\n<td>2.72%<\/td>\n<td>Now with a pre-tax bid-YTW of 7.43% based on a bid of 20.05 and a limitMaturity. Closing quote of 20.05-50, 2&#215;10. Day&#8217;s range of 20.00-20.00.<\/td>\n<\/tr>\n<tr>\n<td>POW.PR.A<\/td>\n<td>PerpetualDiscount<\/td>\n<td>2.79%<\/td>\n<td>Now with a pre-tax bid-YTW of 7.49% based on a bid of 18.81 and a limitMaturity. Closing quote of 18.80-19.90 (!), 5&#215;1. Day&#8217;s range of 18.72-19.85.<\/td>\n<\/tr>\n<tr>\n<td>POW.PR.C<\/td>\n<td>PerpetualDiscount<\/td>\n<td>2.85%<\/td>\n<td>Now with a pre-tax bid-YTW of 7.22% based on a bid of 20.21 and a limitMaturity. Closing quote of 20.21-74, 3&#215;2. Day&#8217;s range of 20.14-70.<\/td>\n<\/tr>\n<tr>\n<td>CM.PR.P<\/td>\n<td>PerpetualDiscount<\/td>\n<td>2.93 %<\/td>\n<td>Now with a pre-tax bid-YTW of 7.28% based on a bid of 18.95 and a limitMaturity. Closing quote of 18.95-00, 21&#215;25. Day&#8217;s range of 18.50-24.<\/td>\n<\/tr>\n<tr>\n<td>TD.PR.A<\/td>\n<td>FixedReset<\/td>\n<td>2.94 %<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>PWF.PR.I<\/td>\n<td>PerpetualDiscount<\/td>\n<td>2.96 %<\/td>\n<td>Now with a pre-tax bid-YTW of 7.75% based on a bid of 19.82 and a limitMaturity. Closing quote of 19.82-21.40 (!), 3&#215;2. Day&#8217;s range of 19.24-21.40 (!).<\/td>\n<\/tr>\n<tr>\n<td>PWF.PR.F<\/td>\n<td>PerpetualDiscount<\/td>\n<td>2.97 %<\/td>\n<td>Now with a pre-tax bid-YTW of 7.59% based on a bid of 17.71 and a limitMaturity. Closing quote of 17.71-19.99 (!!) 1&#215;3. Day&#8217;s range of 17.70-20.00 (!).<\/td>\n<\/tr>\n<tr>\n<td>BNA.PR.C<\/td>\n<td>SplitShare<\/td>\n<td>2.97 %<\/td>\n<td>Asset coverage of 1.8+:1 based on BAM.A at 18.81 and 2.4 BAM.A per preferred. Now with a pre-tax bid-YTW of 19.06% based on a bid of 9.01 and a hardMaturity 2019-1-10. Closing quote of 9.01-94, 18&#215;8. Day&#8217;s range of 9.00-20.<\/td>\n<\/tr>\n<tr>\n<td>PWF.PR.A<\/td>\n<td>Floater<\/td>\n<td>3.12 %<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>RY.PR.A<\/td>\n<td>PerpetualDiscount<\/td>\n<td>3.26 %<\/td>\n<td>Now with a pre-tax bid-YTW of 6.36% based on a bid of 17.76 and a limitMaturity. Closing quote of 17.76-00, 2&#215;7. Day&#8217;s range of 17.39-00.<\/td>\n<\/tr>\n<tr>\n<td>TRI.PR.B<\/td>\n<td>Floater<\/td>\n<td>3.29 %<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>BMO.PR.J<\/td>\n<td>PerpetualDiscount<\/td>\n<td>3.30 %<\/td>\n<td>Now with a pre-tax bid-YTW of 6.89% based on a bid of 16.60 and a limitMaturity. Closing quote of 16.60-63, 2&#215;5. Day&#8217;s range of 16.25-60.<\/td>\n<\/tr>\n<tr>\n<td>TD.PR.Q<\/td>\n<td>PerpetualDiscount<\/td>\n<td>3.40 %<\/td>\n<td>Now with a pre-tax bid-YTW of 6.71% based on a bid of 21.30 and a limitMaturity. Closing quote of 21.30-92, 2&#215;9. Day&#8217;s range of 21.50-70.<\/td>\n<\/tr>\n<tr>\n<td>RY.PR.E<\/td>\n<td>PerpetualDiscount<\/td>\n<td>3.46 %<\/td>\n<td>Now with a pre-tax bid-YTW of 6.59% based on a bid of 17.36 and a limitMaturity. Closing quote of 17.36-54, 10.8. Day&#8217;s range of 16.99-46.<\/td>\n<\/tr>\n<tr>\n<td>CIU.PR.A<\/td>\n<td>PerpetualDiscount<\/td>\n<td>3.52%<\/td>\n<td>Now with a pre-tax bid-YTW of 7.81% based on a bid of 14.99 and a limitMaturity. Closing quote of 14.99-25, 3&#215;1. Day&#8217;s range of 14.98-99.<\/td>\n<\/tr>\n<tr>\n<td>BAM.PR.N<\/td>\n<td>PerpetualDiscount<\/td>\n<td>3.65%<\/td>\n<td>Now with a pre-tax bid-YTW of 11.17% based on a bid of 10.79 and a limitMaturity. Closing quote of 10.79-15, 5&#215;2. Day&#8217;s range of 10.49-15.<\/td>\n<\/tr>\n<tr>\n<td>GWO.PR.G<\/td>\n<td>PerpetualDiscount<\/td>\n<td>3.70%<\/td>\n<td>Now with a pre-tax bid-YTW of 6.98% based on a bid of 18.79 and a limitMaturity. Closing quote of 18.79-90, 1&#215;6. Day&#8217;s range of 18.55-29.<\/td>\n<\/tr>\n<tr>\n<td>POW.PR.D<\/td>\n<td>PerpetualDiscount<\/td>\n<td>3.70%<\/td>\n<td>Now with a pre-tax bid-YTW of 7.36% based on a bid of 17.09 and a limitMaturity. Closing quote of 17.09-49, 4&#215;18. Day&#8217;s range of 16.50-18.01.<\/td>\n<\/tr>\n<tr>\n<td>BCE.PR.A<\/td>\n<td>FixedFloater<\/td>\n<td>3.87 %<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>BNS.PR.L<\/td>\n<td>PerpetualDiscount<\/td>\n<td>4.04%<\/td>\n<td>Now with a pre-tax bid-YTW of 6.54% based on a bid of 17.26 and a limitMaturity. Closing quote of 17.26-64, 5&#215;13. Day&#8217;s range of 17.24-25.<\/td>\n<\/tr>\n<tr>\n<td>PWF.PR.L<\/td>\n<td>PerpetualDiscount<\/td>\n<td>4.05%<\/td>\n<td>Now with a pre-tax bid-YTW of 7.59% based on a bid of 17.21 and a limitMaturity. Closing quote of 17.21-00, 5&#215;10. Day&#8217;s range of 17.10-25.<\/td>\n<\/tr>\n<tr>\n<td>RY.PR.G<\/td>\n<td>PerpetualDiscount<\/td>\n<td>4.15 %<\/td>\n<td>Now with a pre-tax bid-YTW of 6.51% based on a bid of 17.56 and a limitMaturity. Closing quote of 17.56-70, 1&#215;5. Day&#8217;s range of 16.90-70.<\/td>\n<\/tr>\n<tr>\n<td>BNS.PR.K<\/td>\n<td>PerpetualDiscount<\/td>\n<td>4.24%<\/td>\n<td>Now with a pre-tax bid-YTW of 6.63% based on a bid of 18.15 and a limitMaturity. Closing quote of 18.15-24, 5&#215;9. Day&#8217;s range of 17.53-15.<\/td>\n<\/tr>\n<tr>\n<td>FBS.PR.B<\/td>\n<td>SplitShare<\/td>\n<td>4.25 %<\/td>\n<td>Asset coverage of 1.1+:1 as of December 31, according to <a href=\"http:\/\/www.tdsecurities.com\/tds\/content\/SC_5BancSplitInc_NAV\">TD Securities<\/a>. Now with a pre-tax bid-YTW of 12.87% based on a bid of 8.10 and a hardMaturity 2011-12-15 at 10.00. Closing quote of 8.10-49, 50&#215;20. Day&#8217;s range of 7.61-10.<\/td>\n<\/tr>\n<tr>\n<td>NA.PR.K<\/td>\n<td>PerpetualDiscount<\/td>\n<td>4.29 %<\/td>\n<td>Now with a pre-tax bid-YTW of 7.59% based on a bid of 19.67 and a limitMaturity. Closing quote of 19.67-39, 2&#215;2. Day&#8217;s range of 19.95-39.<\/td>\n<\/tr>\n<tr>\n<td>PWF.PR.K<\/td>\n<td>PerpetualDiscount<\/td>\n<td>4.36%<\/td>\n<td>Now with a pre-tax bid-YTW of 7.45% based on a bid of 17.01 and a limitMaturity. Closing quote of 17.01-25, 5&#215;9. Day&#8217;s range of 16.83-50.<\/td>\n<\/tr>\n<tr>\n<td>BAM.PR.M<\/td>\n<td>PerpetualDiscount<\/td>\n<td>4.41%<\/td>\n<td>Now with a pre-tax bid-YTW of 11.32% based on a bid of 10.65 and a limitMaturity. Closing quote of 10.65-98, 1&#215;3. Day&#8217;s range of 10.40-98.<\/td>\n<\/tr>\n<tr>\n<td>BCE.PR.Z<\/td>\n<td>FixedFloater<\/td>\n<td>4.45 %<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>TD.PR.O<\/td>\n<td>PerpetualDiscount<\/td>\n<td>4.45%<\/td>\n<td>Now with a pre-tax bid-YTW of 6.60% based on a bid of 18.76 and a limitMaturity. Closing quote of 18.76-10, 3&#215;7. Day&#8217;s range of 17.85-19.14.<\/td>\n<\/tr>\n<tr>\n<td>BMO.PR.L<\/td>\n<td>PerpetualDiscount<\/td>\n<td>4.49%<\/td>\n<td>Now with a pre-tax bid-YTW of 7.20% based on a bid of 20.50 and a limitMaturity. Closing quote of 20.50-00, 5&#215;20. Day&#8217;s range of 20.75-19.<\/td>\n<\/tr>\n<tr>\n<td>PWF.PR.G<\/td>\n<td>PerpetualDiscount<\/td>\n<td>4.79%<\/td>\n<td>Now with a pre-tax bid-YTW of 7.58% based on a bid of 19.91 and a limitMaturity. Closing quote of 19.91-21.99 (!!) 1&#215;5. Day&#8217;s range of 19.40-00.<\/td>\n<\/tr>\n<tr>\n<td>SLF.PR.B<\/td>\n<td>PerpetualDiscount<\/td>\n<td>4.87 %<\/td>\n<td>Now with a pre-tax bid-YTW of 7.21% based on a bid of 16.81 and a limitMaturity. Closing quote of 16.81-19, 3&#215;10. Day&#8217;s range of 16.45-20.<\/td>\n<\/tr>\n<tr>\n<td>SLF.PR.E<\/td>\n<td>PerpetualDiscount<\/td>\n<td>4.87 %<\/td>\n<td>Now with a pre-tax bid-YTW of 7.13% based on a bid of 15.92 and a limitMaturity. Closing quote of 15.92-15, 12&#215;17. Day&#8217;s range of 16.15-38.<\/td>\n<\/tr>\n<tr>\n<td>PWF.PR.E<\/td>\n<td>PerpetualDiscount<\/td>\n<td>5.11%<\/td>\n<td>Now with a pre-tax bid-YTW of 7.61% based on a bid of 18.50 and a limitMaturity. Closing quote of 18.50-00, 5&#215;10. Day&#8217;s range of 17.99-50.<\/td>\n<\/tr>\n<tr>\n<td>NA.PR.L<\/td>\n<td>PerpetualDiscount<\/td>\n<td>5.20 %<\/td>\n<td>Now with a pre-tax bid-YTW of 7.55% based on a bid of 16.39 and a limitMaturity. Closing quote of 16.39-83, 3&#215;23. Day&#8217;s range of 16.21-80.<\/td>\n<\/tr>\n<tr>\n<td>BCE.PR.G<\/td>\n<td>FixedFloater<\/td>\n<td>5.36 %<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>MFC.PR.B<\/td>\n<td>PerpetualDisco<\/p>\n<p>unt<\/td>\n<td>5.57%<\/td>\n<td>Now with a pre-tax bid-YTW of 6.32% based on a bid of 18.59 and a limitMaturity. Closing quote of 18.59-89, 2&#215;1. Day&#8217;s range of 17.84-18.89.<\/td>\n<\/tr>\n<tr>\n<td>BCE.PR.R<\/td>\n<td>FixedFloater<\/td>\n<td>5.76 %<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>FIG.PR.A<\/td>\n<td>InterestBearing<\/td>\n<td>6.12%<\/td>\n<td>Asset coverage of 1.1+:1 as of December 31, based on <a href=\"http:\/\/www.faircourtassetmgt.com\/dailyNAV\/Dec08\/FIG_NAV_Dec_2008.pdf\">Capital Unit Value of 1.75<\/a> and 0.71 Capital Units per preferred. Now with a pre-tax bid-YTW of 13.56% based on a bid of 7.11 and a hardMaturity 2014-12-31 at 10.00. Closing quote of 7.11-49, 3&#215;3. Day&#8217;s range of 7.34-35.<\/td>\n<\/tr>\n<tr>\n<td>BCE.PR.Y<\/td>\n<td>Ratchet<\/td>\n<td>6.13 %<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>TD.PR.P<\/td>\n<td>PerpetualDiscount<\/td>\n<td>6.33%<\/td>\n<td>Now with a pre-tax bid-YTW of 6.38% based on a bid of 21.00 and a limitMaturity. Closing quote of 21.00-20, 8&#215;40. Day&#8217;s range of 20.35-21.49.<\/td>\n<\/tr>\n<tr>\n<td>GWO.PR.H<\/td>\n<td>PerpetualDiscount<\/td>\n<td>6.34%<\/td>\n<td>Now with a pre-tax bid-YTW of 7.38% based on a bid of 16.60 and a limitMaturity. Closing quote of 16.60-93, 5&#215;10. Day&#8217;s range of 16.30-95.<\/td>\n<\/tr>\n<tr>\n<td>PWF.PR.H<\/td>\n<td>PerpetualDiscount<\/td>\n<td>6.50 %<\/td>\n<td>Now with a pre-tax bid-YTW of 7.55% based on a bid of 19.50 and a limitMaturity. Closing quote of 19.50-20, 1&#215;15. Day&#8217;s range of 18.99-50.<\/td>\n<\/tr>\n<tr>\n<td>NA.PR.M<\/td>\n<td>PerpetualDiscount<\/td>\n<td>6.78 %<\/td>\n<td>Now with a pre-tax bid-YTW of 7.20% based on a bid of 21.25 and a limitMaturity. Closing quote of 21.25-40, 40&#215;7. Day&#8217;s range of 20.45-21.75.<\/td>\n<\/tr>\n<tr>\n<td>BCE.PR.C<\/td>\n<td>FixedFloater<\/td>\n<td>7.25 %<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>BAM.PR.B<\/td>\n<td>Floater<\/td>\n<td>8.21 %<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>BAM.PR.J<\/td>\n<td>OpRet<\/td>\n<td>8.52 %<\/td>\n<td>Now with a pre-tax bid-YTW of 11.76% based on a bid of 16.30 and a softMaturity 2018-3-30 at 25.00. Closing quote of 16.30-88, 5&#215;18. Day&#8217;s range of 15.80-16.88.<\/td>\n<\/tr>\n<tr>\n<td>POW.PR.B<\/td>\n<td>PerpetualDiscount<\/td>\n<td>8.81%<\/td>\n<td>Now with a pre-tax bid-YTW of 7.27% based on a bid of 18.52 and a limitMaturity. Closing quote of 18.52-15, 2&#215;3. Day&#8217;s range of 17.49-18.96.<\/td>\n<\/tr>\n<tr>\n<td>BCE.PR.I<\/td>\n<td>FixedFloater<\/td>\n<td>8.96 %<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>BCE.PR.S<\/td>\n<td>Ratchet<\/td>\n<td>10.56 %<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<\/table>\n<table border='1'>\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>CM.PR.P<\/td>\n<td>PerpetualDiscount<\/td>\n<td>24,520<\/td>\n<td>Now with a pre-tax bid-YTW of 7.28% based on a bid of 18.95 and a limitMaturity.<\/td>\n<\/tr>\n<tr>\n<td>POW.PR.D<\/td>\n<td>PerpetualDiscount<\/td>\n<td>22,200<\/td>\n<td>Now with a pre-tax bid-YTW of 7.36% based on a bid of 17.09 and a limitMaturity.<\/td>\n<\/tr>\n<tr>\n<td>CM.PR.H<\/td>\n<td>PerpetualDiscount<\/td>\n<td>20,100<\/td>\n<td>Now with a pre-tax bid-YTW of 7.23% based on a bid of 16.66 and a limitMaturity.<\/td>\n<\/tr>\n<tr>\n<td>BMO.PR.J<\/td>\n<td>PerpetualDiscount<\/td>\n<td>18,575<\/td>\n<td>Now with a pre-tax bid-YTW of 6.89% based on a bid of 16.60 and a limitMaturity.<\/td>\n<\/tr>\n<tr>\n<td>RY.PR.G<\/td>\n<td>PerpetualDiscount<\/td>\n<td>17,940<\/td>\n<td>Now with a pre-tax bid-YTW of 6.51% based on a bid of 17.56 and a limitMaturity.<\/td>\n<\/tr>\n<\/table>\n<p>There were twelve other index-included $25-p.v.-equivalent issues trading over 10,000 shares today.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Great news! I&#8217;ve made the switchover to the &#8220;December Revision&#8221; of the HIMIPref&trade; Preferred Indices for daily reporting purposes. While this may not mean a lot to you, it is very important to me, since &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-4751","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/4751","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=4751"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/4751\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4751"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4751"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4751"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}