{"id":5079,"date":"2009-01-22T00:22:25","date_gmt":"2009-01-22T04:22:25","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=5079"},"modified":"2009-01-22T00:22:25","modified_gmt":"2009-01-22T04:22:25","slug":"january-21-2009","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=5079","title":{"rendered":"January 21, 2009"},"content":{"rendered":"<p>Nice to see that Banco Santander has <a href=\"http:\/\/www.bloomberg.com\/apps\/news?pid=20601109&#038;sid=a4qT09KQbL6E&#038;refer=home\">imported North American financial advisory practices to Europe<\/a>:<\/p>\n<blockquote><p>Branch managers channeled customers with money from property sales or inheritances to private banking salespeople, lawyers for the investors said. A retired school teacher put 300,000 euros ($388,000), half her savings, in a structured product linked to Madoff, said Jordi Ruiz de Villa, an attorney at the Barcelona law firm Jausas. The vendor invested 325,000 euros of lottery winnings in a similar product and may have to return to street sales, according to lawyers at Cremades &#038; Calvo-Sotelo in Madrid.<br \/><b>&#8230;<\/b><br \/>Spanish securities law requires anyone offering investment services to \u201csuitably evaluate\u201d a customer\u2019s experience and market knowledge and ensure that he or she understands the risks. <\/p><\/blockquote>\n<p>A decent day, with PerpetualDiscounts up a bit. Fixed-Resets were also up a bit, until the announcement of two new issues in the late afternoon obviated the need to buy them in the secondary market.<\/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>6.87 %<\/td>\n<td>7.44 %<\/td>\n<td>38,216<\/td>\n<td>13.63<\/td>\n<td>2<\/td>\n<td>0.0347 %<\/td>\n<td>868.6<\/td>\n<\/tr>\n<tr>\n<td>FixedFloater<\/td>\n<td>7.31 %<\/td>\n<td>6.92 %<\/td>\n<td>158,793<\/td>\n<td>13.82<\/td>\n<td>8<\/td>\n<td>0.2684 %<\/td>\n<td>1,402.9<\/td>\n<\/tr>\n<tr>\n<td>Floater<\/td>\n<td>5.26 %<\/td>\n<td>4.74 %<\/td>\n<td>36,344<\/td>\n<td>15.98<\/td>\n<td>4<\/td>\n<td>-1.4294 %<\/td>\n<td>999.8<\/td>\n<\/tr>\n<tr>\n<td>OpRet<\/td>\n<td>5.31 %<\/td>\n<td>4.79 %<\/td>\n<td>142,691<\/td>\n<td>4.06<\/td>\n<td>15<\/td>\n<td>0.0251 %<\/td>\n<td>2,021.2<\/td>\n<\/tr>\n<tr>\n<td>SplitShare<\/td>\n<td>6.20 %<\/td>\n<td>9.82 %<\/td>\n<td>83,443<\/td>\n<td>4.15<\/td>\n<td>15<\/td>\n<td>0.1472 %<\/td>\n<td>1,793.8<\/td>\n<\/tr>\n<tr>\n<td>Interest-Bearing<\/td>\n<td>7.17 %<\/td>\n<td>8.33 %<\/td>\n<td>38,135<\/td>\n<td>0.90<\/td>\n<td>2<\/td>\n<td>0.2934 %<\/td>\n<td>1,973.5<\/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>0.2046 %<\/td>\n<td>1,563.3<\/td>\n<\/tr>\n<tr>\n<td>Perpetual-Discount<\/td>\n<td>6.85 %<\/td>\n<td>6.89 %<\/td>\n<td>233,941<\/td>\n<td>12.72<\/td>\n<td>71<\/td>\n<td>0.2046 %<\/td>\n<td>1,439.7<\/td>\n<\/tr>\n<tr>\n<td>FixedReset<\/td>\n<td>5.95 %<\/td>\n<td>4.77 %<\/td>\n<td>833,940<\/td>\n<td>15.28<\/td>\n<td>22<\/td>\n<td>-0.6284 %<\/td>\n<td>1,821.5<\/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.PR.K<\/td>\n<td>Floater<\/td>\n<td>-5.74 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2039-01-21<br \/>\nMaturity Price  : 7.55<br \/>\nEvaluated at bid price : 7.55<br \/>\nBid-YTW : 7.04 %<\/td>\n<\/tr>\n<tr>\n<td>PPL.PR.A<\/td>\n<td>SplitShare<\/td>\n<td>-4.70 %<\/td>\n<td>Asset coverage of 1.4+:1 as of January 15 according to <a href=\"http:\/\/www.primerateplus.com\/valuations.html\">the company<\/a>.<br \/>\nYTW SCENARIO<br \/>\nMaturity Type   : Hard Maturity<br \/>\nMaturity Date\t: 2012-12-01<br \/>\nMaturity Price  : 10.00<br \/>\nEvaluated at bid price : 8.51<br \/>\nBid-YTW : 9.82 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PR.N<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-4.63 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2039-01-21<br \/>\nMaturity Price  : 11.32<br \/>\nEvaluated at bid price : 11.32<br \/>\nBid-YTW : 10.70 %<\/td>\n<\/tr>\n<tr>\n<td>PWF.PR.M<\/td>\n<td>FixedReset<\/td>\n<td>-4.24 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2039-01-21<br \/>\nMaturity Price  : 24.37<br \/>\nEvaluated at bid price : 24.42<br \/>\nBid-YTW : 5.35 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PR.B<\/td>\n<td>Floater<\/td>\n<td>-3.64 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2039-01-21<br \/>\nMaturity Price  : 8.20<br \/>\nEvaluated at bid price : 8.20<br \/>\nBid-YTW : 6.48 %<\/td>\n<\/tr>\n<tr>\n<td>TD.PR.S<\/td>\n<td>FixedReset<\/td>\n<td>-3.26 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2039-01-21<br \/>\nMaturity Price  : 22.20<br \/>\nEvaluated at bid price : 22.25<br \/>\nBid-YTW : 4.04 %<\/td>\n<\/tr>\n<tr>\n<td>RY.PR.N<\/td>\n<td>FixedReset<\/td>\n<td>-2.87 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2039-01-21<br \/>\nMaturity Price  : 24.96<br \/>\nEvaluated at bid price : 25.01<br \/>\nBid-YTW : 5.49 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PR.M<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-2.39 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2039-01-21<br \/>\nMaturity Price  : 11.86<br \/>\nEvaluated at bid price : 11.86<br \/>\nBid-YTW : 10.20 %<\/td>\n<\/tr>\n<tr>\n<td>PWF.PR.E<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-2.27 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2039-01-21<br \/>\nMaturity Price  : 19.79<br \/>\nEvaluated at bid price : 19.79<br \/>\nBid-YTW : 6.99 %<\/td>\n<\/tr>\n<tr>\n<td>BMO.PR.N<\/td>\n<td>FixedReset<\/td>\n<td>-1.96 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2039-01-21<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 25.05<br \/>\nBid-YTW : 5.80 %<\/td>\n<\/tr>\n<tr>\n<td>TCA.PR.Y<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-1.58 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2039-01-21<br \/>\nMaturity Price  : 43.02<br \/>\nEvaluated at bid price : 43.66<br \/>\nBid-YTW : 6.44 %<\/td>\n<\/tr>\n<tr>\n<td>RY.PR.P<\/td>\n<td>FixedReset<\/td>\n<td>-1.42 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2039-01-21<br \/>\nMaturity Price  : 24.96<br \/>\nEvaluated at bid price : 25.01<br \/>\nBid-YTW : 5.96 %<\/td>\n<\/tr>\n<tr>\n<td>CM.PR.A<\/td>\n<td>OpRet<\/td>\n<td>-1.33 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Call<br \/>\nMaturity Date\t: 2009-02-20<br \/>\nMaturity Price  : 25.50<br \/>\nEvaluated at bid price : 25.91<br \/>\nBid-YTW : -14.86 %<\/td>\n<\/tr>\n<tr>\n<td>CU.PR.B<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-1.32 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2039-01-21<br \/>\nMaturity Price  : 22.32<br \/>\nEvaluated at bid price : 22.50<br \/>\nBid-YTW : 6.79 %<\/td>\n<\/tr>\n<tr>\n<td>LFE.PR.A<\/td>\n<td>SplitShare<\/td>\n<td>-1.27 %<\/td>\n<td>Asset coverage of 1.5-:1 as of January 15, according to <a href=\"http:\/\/www.lifesplit.com\/valuations.html\">the company<\/a>.<br \/>\nYTW SCENARIO<br \/>\nMaturity Type   : Hard Maturity<br \/>\nMaturity Date\t: 2012-12-01<br \/>\nMaturity Price  : 10.00<br \/>\nEvaluated at bid price : 9.33<br \/>\nBid-YTW : 7.41 %<\/td>\n<\/tr>\n<tr>\n<td>BMO.PR.L<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-1.21 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2039-01-21<br \/>\nMaturity Price  : 21.21<br \/>\nEvaluated at bid price : 21.21<br \/>\nBid-YTW : 6.98 %<\/td>\n<\/tr>\n<tr>\n<td>BNA.PR.B<\/td>\n<td>SplitShare<\/td>\n<td>-1.18 %<\/td>\n<td>Asset coverage of 1.8+:1 as of December 31 according to <a href=\"http:\/\/www.bamsplit.com\/investor\/nav.htm\">the company<\/a>.<br \/>\nYTW SCENARIO<br \/>\nMaturity Type   : Hard Maturity<br \/>\nMaturity Date\t: 2016-03-25<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 21.00<br \/>\nBid-YTW : 8.10 %<\/td>\n<\/tr>\n<tr>\n<td>BMO.PR.M<\/td>\n<td>FixedReset<\/td>\n<td>-1.10 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2039-01-21<br \/>\nMaturity Price  : 22.45<br \/>\nEvaluated at bid price : 22.50<br \/>\nBid-YTW : 4.10 %<\/td>\n<\/tr>\n<tr>\n<td>FBS.PR.B<\/td>\n<td>SplitShare<\/td>\n<td>1.12 %<\/td>\n<td>Asset coverage of 1.1-:1 as of January 15 according to <a href=\"http:\/\/www.tdsecurities.com\/tds\/content\/SC_5BancSplitInc_NAV?language=en_CA\">TD Securities<\/a>.<br \/>\nYTW SCENARIO<br \/>\nMaturity Type   : Hard Maturity<br \/>\nMaturity Date\t: 2011-12-15<br \/>\nMaturity Price  : 10.00<br \/>\nEvaluated at bid price : 8.10<br \/>\nBid-YTW : 13.13 %<\/td>\n<\/tr>\n<tr>\n<td>MFC.PR.C<\/td>\n<td>Perpetual-Discount<\/td>\n<td>1.12 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2039-01-21<br \/>\nMaturity Price  : 17.10<br \/>\nEvaluated at bid price : 17.10<br \/>\nBid-YTW : 6.68 %<\/td>\n<\/tr>\n<tr>\n<td>TRI.PR.B<\/td>\n<td>Floater<\/td>\n<td>1.18 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2039-01-21<br \/>\nMaturity Price  : 11.18<br \/>\nEvaluated at bid price : 11.18<br \/>\nBid-YTW : 4.74 %<\/td>\n<\/tr>\n<tr>\n<td>NA.PR.M<\/td>\n<td>Perpetual-Discount<\/td>\n<td>1.18 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2039-01-21<br \/>\nMaturity Price  : 22.16<br \/>\nEvaluated at bid price : 22.26<br \/>\nBid-YTW : 6.76 %<\/td>\n<\/tr>\n<tr>\n<td>BMO.PR.H<\/td>\n<td>Perpetual-Discount<\/td>\n<td>1.20 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2039-01-21<br \/>\nMaturity Price  : 20.25<br \/>\nEvaluated at bid price : 20.25<br \/>\nBid-YTW : 6.68 %<\/td>\n<\/tr>\n<tr>\n<td>BNS.PR.M<\/td>\n<td>Perpetual-Discount<\/td>\n<td>1.22 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2039-01-21<br \/>\nMaturity Price  : 17.41<br \/>\nEvaluated at bid price : 17.41<br \/>\nBid-YTW : 6.50 %<\/td>\n<\/tr>\n<tr>\n<td>NA.PR.K<\/td>\n<td>Perpetual-Discount<\/td>\n<td>1.23 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2039-01-21<br \/>\nMaturity Price  : 20.50<br \/>\nEvaluated at bid price : 20.50<br \/>\nBid-YTW : 7.16 %<\/td>\n<\/tr>\n<tr>\n<td>BCE.PR.C<\/td>\n<td>FixedFloater<\/td>\n<td>1.25 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2039-01-21<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 16.20<br \/>\nBid-YTW : 7.08 %<\/td>\n<\/tr>\n<tr>\n<td>BCE.PR.R<\/td>\n<td>FixedFloater<\/td>\n<td>1.31 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2039-01-21<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 16.21<br \/>\nBid-YTW : 6.92 %<\/td>\n<\/tr>\n<tr>\n<td>PWF.PR.L<\/td>\n<td>Perpetual-Discount<\/td>\n<td>1.37 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2039-01-21<br \/>\nMaturity Price  : 18.45<br \/>\nEvaluated at bid price : 18.45<br \/>\nBid-YTW : 6.96 %<\/td>\n<\/tr>\n<tr>\n<td>RY.PR.C<\/td>\n<td>Perpetual-Discount<\/td>\n<td>1.40 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2039-01-21<br \/>\nMaturity Price  : 18.05<br \/>\nEvaluated at bid price : 18.05<br \/>\nBid-YTW : 6.50 %<\/td>\n<\/tr>\n<tr>\n<td>SLF.PR.C<\/td>\n<td>Perpetual-Discount<\/td>\n<td>1.41 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2039-01-21<br \/>\nMaturity Price  : 15.80<br \/>\nEvaluated at bid price : 15.80<br \/>\nBid-YTW : 7.14 %<\/td>\n<\/tr>\n<tr>\n<td>RY.PR.E<\/td>\n<td>Perpetual-Discount<\/td>\n<td>1.45 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2039-01-21<br \/>\nMaturity Price  : 18.13<br \/>\nEvaluated at bid price : 18.13<br \/>\nBid-YTW : 6.33 %<\/td>\n<\/tr>\n<tr>\n<td>SBC.PR.A<\/td>\n<td>SplitShare<\/td>\n<td>1.49 %<\/td>\n<td>Asset coverage of 1.4+:1 as of January 15 according to <a href=\"http:\/\/www.bromptongroup.com\/funds\/sbc\/overview\/\">Brompton<\/a>.<br \/>\nYTW SCENARIO<br \/>\nMaturity Type   : Hard Maturity<br \/>\nMaturity Date\t: 2012-11-30<br \/>\nMaturity Price  : 10.00<br \/>\nEvaluated at bid price : 8.20<br \/>\nBid-YTW : 11.23 %<\/td>\n<\/tr>\n<tr>\n<td>LBS.PR.A<\/td>\n<td>SplitShare<\/td>\n<td>1.82 %<\/td>\n<td>Asset coverage of 1.4-:1 as of January 15 according to <a href=\"http:\/\/www.bromptongroup.com\/funds\/lbs\/nav_history\/\">Brompton<\/a>.<br \/>\nYTW SCENARIO<br \/>\nMaturity Type   : Hard Maturity<br \/>\nMaturity Date\t: 2013-11-29<br \/>\nMaturity Price  : 10.00<br \/>\nEvaluated at bid price : 8.40<br \/>\nBid-YTW : 9.53 %<\/td>\n<\/tr>\n<tr>\n<td>ALB.PR.A<\/td>\n<td>SplitShare<\/td>\n<td>1.93 %<\/td>\n<td>Asset coverage of 1.2-:1 as of January 15 according to <a href=\"http:\/\/www.scotiamanagedcompanies.com\/mcapp\/profile.do?com=ALB\">Scotia<\/a>.<br \/>\nYTW SCENARIO<br \/>\nMaturity Type   : Hard Maturity<br \/>\nMaturity Date\t: 2011-02-28<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 20.03<br \/>\nBid-YTW : 16.21 %<\/td>\n<\/tr>\n<tr>\n<td>PWF.PR.I<\/td>\n<td>Perpetual-Discount<\/td>\n<td>2.02 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2039-01-21<br \/>\nMaturity Price  : 22.55<br \/>\nEvaluated at bid price : 22.75<br \/>\nBid-YTW : 6.63 %<\/td>\n<\/tr>\n<tr>\n<td>POW.PR.C<\/td>\n<td>Perpetual-Discount<\/td>\n<td>2.07 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2039-01-21<br \/>\nMaturity Price  : 21.66<br \/>\nEvaluated at bid price : 21.66<br \/>\nBid-YTW : 6.76 %<\/td>\n<\/tr>\n<tr>\n<td>DFN.PR.A<\/td>\n<td>SplitShare<\/td>\n<td>2.16 %<\/td>\n<td>Asset coverage of 1.7-:1 as of January 15 according to <a href=\"http:\/\/www.dividend15.com\/valuations.html\">the company<\/a>.<br \/>\nYTW SCENARIO<br \/>\nMaturity Type   : Hard Maturity<br \/>\nMaturity Date\t: 2014-12-01<br \/>\nMaturity Price  : 10.00<br \/>\nEvaluated at bid price : 9.00<br \/>\nBid-YTW : 7.51 %<\/td>\n<\/tr>\n<tr>\n<td>SLF.PR.D<\/td>\n<td>Perpetual-Discount<\/td>\n<td>2.40 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2039-01-21<br \/>\nMaturity Price  : 15.80<br \/>\nEvaluated at bid price : 15.80<br \/>\nBid-YTW : 7.14 %<\/td>\n<\/tr>\n<tr>\n<td>PWF.PR.K<\/td>\n<td>Perpetual-Discount<\/td>\n<td>2.76 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2039-01-21<br \/>\nMaturity Price  : 17.90<br \/>\nEvaluated at bid price : 17.90<br \/>\nBid-YTW : 6.96 %<\/td>\n<\/tr>\n<tr>\n<td>NA.PR.N<\/td>\n<td>FixedReset<\/td>\n<td>3.47 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2039-01-21<br \/>\nMaturity Price  : 21.71<br \/>\nEvaluated at bid price : 21.75<br \/>\nBid-YTW : 4.65 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PR.J<\/td>\n<td>OpRet<\/td>\n<td>3.98 %<\/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 : 17.26<br \/>\nBid-YTW : 10.96 %<\/td>\n<\/tr>\n<tr>\n<td>ELF.PR.G<\/td>\n<td>Perpetual-Discount<\/td>\n<td>4.38 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2039-01-21<br \/>\nMaturity Price  : 15.50<br \/>\nEvaluated at bid price : 15.50<br \/>\nBid-YTW : 7.74 %<\/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.T<\/td>\n<td>FixedReset<\/td>\n<td>769,327<\/td>\n<td><a href=\"http:\/\/www.prefblog.com\/?p=5092\">New issue settled today<\/a>.<br \/>\nYTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2039-01-21<br \/>\nMaturity Price  : 24.95<br \/>\nEvaluated at bid price : 25.00<br \/>\nBid-YTW : 5.92 %<\/td>\n<\/tr>\n<tr>\n<td>TD.PR.E<\/td>\n<td>FixedReset<\/td>\n<td>275,742<\/td>\n<td><a href=\"http:\/\/www.prefblog.com\/?p=4972\">Recent new issue<\/a>.<br \/>\nYTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2039-01-21<br \/>\nMaturity Price  : 25.02<br \/>\nEvaluated at bid price : 25.07<br \/>\nBid-YTW : 6.07 %<\/td>\n<\/tr>\n<tr>\n<td>RY.PR.P<\/td>\n<td>FixedReset<\/td>\n<td>136,408<\/td>\n<td><a href=\"http:\/\/www.prefblog.com\/?p=4978\">Recent new issue<\/a>.<br \/>\nYTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2039-01-21<br \/>\nMaturity Price  : 24.96<br \/>\nEvaluated at bid price : 25.01<br \/>\nBid-YTW : 5.96 %<\/td>\n<\/tr>\n<tr>\n<td>TD.PR.S<\/td>\n<td>FixedReset<\/td>\n<td>127,435<\/td>\n<td>Nesbitt crossed 117,200 at 22.78.<br \/>\nYTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2039-01-21<br \/>\nMaturity Price  : 22.20<br \/>\nEvaluated at bid price : 22.25<br \/>\nBid-YTW : 4.04 %<\/td>\n<\/tr>\n<tr>\n<td>RY.PR.A<\/td>\n<td>Perpetual-Discount<\/td>\n<td>78,260<\/td>\n<td>RBC crossed 55,000 at 17.75.<br \/>\nYTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2039-01-21<br \/>\nMaturity Price  : 17.79<br \/>\nEvaluated at bid price : 17.79<br \/>\nBid-YTW : 6.38 %<\/td>\n<\/tr>\n<tr>\n<td>WFS.PR.A<\/td>\n<td>SplitShare<\/td>\n<td>74,550<\/td>\n<td>RBC crossed 41,700 at 8.50.<br \/>\nYTW SCENARIO<br \/>\nMaturity Type   : Hard Maturity<br \/>\nMaturity Date\t: 2011-06-30<br \/>\nMaturity Price  : 10.00<br \/>\nEvaluated at bid price : 8.81<br \/>\nBid-YTW : 11.19 %<\/td>\n<\/tr>\n<tr>\n<td colspan='4'>There were 39 other index-included issues trading in excess of 10,000 shares.<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Nice to see that Banco Santander has imported North American financial advisory practices to Europe: Branch managers channeled customers with money from property sales or inheritances to private banking salespeople, lawyers for the investors said. &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-5079","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/5079","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=5079"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/5079\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5079"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5079"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5079"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}