{"id":5656,"date":"2009-02-27T00:37:34","date_gmt":"2009-02-27T04:37:34","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=5656"},"modified":"2009-02-27T00:37:34","modified_gmt":"2009-02-27T04:37:34","slug":"february-26-2009","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=5656","title":{"rendered":"February 26, 2009"},"content":{"rendered":"<p>Whoosh! The <a href=\"http:\/\/www.himivest.com\/seminars.php\">seminar<\/a> was a lot of fun but it took a lot out of me!<\/p>\n<p>There&#8217;s an <a href=\"http:\/\/www.ft.com\/cms\/s\/148817be-043b-11de-845b-000077b07658,Authorised=false.html?_i_location=http%3A%2F%2Fwww.ft.com%2Fcms%2Fs%2F0%2F148817be-043b-11de-845b-000077b07658.html%3Fftcamp%3Drss&#038;_i_referer=&#038;ftcamp=rss\">amusing story in the Financial Times<\/a>:<\/p>\n<blockquote><p>A whistleblower contacted US regulators more than five years ago with allegations that Sir Allen Stanford\u2019s businesses were involved in an \u201cillegal Ponzi scheme\u201d, the Financial Times has learnt, raising new questions about why authorities waited until last week to shut down the alleged $8bn fraud.<\/p>\n<p>Leyla Basagoitia, a former Stanford employee, raised a series of red flags about the tycoon\u2019s empire in a 2003 employment dispute with her company at a tribunal run by the finance industry\u2019s self-regulatory body. Ms Basagoitia also alerted the US Securities and Exchange Commission at about the same time, her lawyer said, echoing criticisms the agency ignored early warnings about the alleged $50bn Ponzi scheme run by Bernard Madoff.<\/p><\/blockquote>\n<p>I think we&#8217;re going to see stories like this regarding every fraud for the next five-odd years. It&#8217;s hard to know how seriously take them &#8230; it&#8217;s like the &#8220;US was warned of Pearl Harbour&#8221; stories one sees &#8230; yes, I&#8217;m sure the US was warned about Pearl Harbour. I&#8217;m equally certain they were warned about Japanese alliances with Mexico (a la Zimmerman) and little green men in Idaho. What was the backup?<\/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>5.34 %<\/td>\n<td>3.64 %<\/td>\n<td>23,786<\/td>\n<td>18.09<\/td>\n<td>2<\/td>\n<td>-1.2897 %<\/td>\n<td>840.7<\/td>\n<\/tr>\n<tr>\n<td>FixedFloater<\/td>\n<td>7.39 %<\/td>\n<td>6.94 %<\/td>\n<td>76,976<\/td>\n<td>14.05<\/td>\n<td>7<\/td>\n<td>-0.4457 %<\/td>\n<td>1,359.2<\/td>\n<\/tr>\n<tr>\n<td>Floater<\/td>\n<td>5.00 %<\/td>\n<td>4.06 %<\/td>\n<td>24,990<\/td>\n<td>17.31<\/td>\n<td>4<\/td>\n<td>0.5509 %<\/td>\n<td>1,050.0<\/td>\n<\/tr>\n<tr>\n<td>OpRet<\/td>\n<td>5.26 %<\/td>\n<td>4.92 %<\/td>\n<td>141,406<\/td>\n<td>3.96<\/td>\n<td>15<\/td>\n<td>-0.1158 %<\/td>\n<td>2,045.4<\/td>\n<\/tr>\n<tr>\n<td>SplitShare<\/td>\n<td>6.75 %<\/td>\n<td>11.65 %<\/td>\n<td>72,006<\/td>\n<td>4.00<\/td>\n<td>15<\/td>\n<td>1.0742 %<\/td>\n<td>1,665.5<\/td>\n<\/tr>\n<tr>\n<td>Interest-Bearing<\/td>\n<td>7.24 %<\/td>\n<td>10.00 %<\/td>\n<td>38,736<\/td>\n<td>0.80<\/td>\n<td>2<\/td>\n<td>0.3561 %<\/td>\n<td>1,952.7<\/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>-0.0445 %<\/td>\n<td>1,512.5<\/td>\n<\/tr>\n<tr>\n<td>Perpetual-Discount<\/td>\n<td>7.13 %<\/td>\n<td>7.26 %<\/td>\n<td>178,609<\/td>\n<td>12.26<\/td>\n<td>71<\/td>\n<td>-0.0445 %<\/td>\n<td>1,393.0<\/td>\n<\/tr>\n<tr>\n<td>FixedReset<\/td>\n<td>6.14 %<\/td>\n<td>5.74 %<\/td>\n<td>543,196<\/td>\n<td>13.89<\/td>\n<td>27<\/td>\n<td>-0.4579 %<\/td>\n<td>1,794.3<\/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>BNS.PR.R<\/td>\n<td>FixedReset<\/td>\n<td>-3.64 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2039-02-26<br \/>\nMaturity Price  : 21.20<br \/>\nEvaluated at bid price : 21.20<br \/>\nBid-YTW : 4.89 %<\/td>\n<\/tr>\n<tr>\n<td>BCE.PR.Y<\/td>\n<td>Ratchet<\/td>\n<td>-3.56 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2039-02-26<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 13.26<br \/>\nBid-YTW : 7.63 %<\/td>\n<\/tr>\n<tr>\n<td>BNS.PR.O<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-3.27 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2039-02-26<br \/>\nMaturity Price  : 20.44<br \/>\nEvaluated at bid price : 20.44<br \/>\nBid-YTW : 6.95 %<\/td>\n<\/tr>\n<tr>\n<td>BCE.PR.F<\/td>\n<td>FixedFloater<\/td>\n<td>-3.01 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2039-02-26<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 14.50<br \/>\nBid-YTW : 7.08 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PR.B<\/td>\n<td>Floater<\/td>\n<td>-2.75 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2039-02-26<br \/>\nMaturity Price  : 7.78<br \/>\nEvaluated at bid price : 7.78<br \/>\nBid-YTW : 6.88 %<\/td>\n<\/tr>\n<tr>\n<td>TD.PR.Y<\/td>\n<td>FixedReset<\/td>\n<td>-2.66 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2039-02-26<br \/>\nMaturity Price  : 21.22<br \/>\nEvaluated at bid price : 21.22<br \/>\nBid-YTW : 4.71 %<\/td>\n<\/tr>\n<tr>\n<td>HSB.PR.D<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-2.28 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2039-02-26<br \/>\nMaturity Price  : 17.15<br \/>\nEvaluated at bid price : 17.15<br \/>\nBid-YTW : 7.45 %<\/td>\n<\/tr>\n<tr>\n<td>CM.PR.K<\/td>\n<td>FixedReset<\/td>\n<td>-2.27 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2039-02-26<br \/>\nMaturity Price  : 21.62<br \/>\nEvaluated at bid price : 22.00<br \/>\nBid-YTW : 5.11 %<\/td>\n<\/tr>\n<tr>\n<td>PWF.PR.F<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-2.16 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2039-02-26<br \/>\nMaturity Price  : 17.66<br \/>\nEvaluated at bid price : 17.66<br \/>\nBid-YTW : 7.55 %<\/td>\n<\/tr>\n<tr>\n<td>PWF.PR.L<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-2.15 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2039-02-26<br \/>\nMaturity Price  : 16.87<br \/>\nEvaluated at bid price : 16.87<br \/>\nBid-YTW : 7.68 %<\/td>\n<\/tr>\n<tr>\n<td>CM.PR.P<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-2.13 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2039-02-26<br \/>\nMaturity Price  : 18.37<br \/>\nEvaluated at bid price : 18.37<br \/>\nBid-YTW : 7.61 %<\/td>\n<\/tr>\n<tr>\n<td>BMO.PR.L<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-1.69 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2039-02-26<br \/>\nMaturity Price  : 19.80<br \/>\nEvaluated at bid price : 19.80<br \/>\nBid-YTW : 7.40 %<\/td>\n<\/tr>\n<tr>\n<td>LFE.PR.A<\/td>\n<td>SplitShare<\/td>\n<td>-1.67 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Hard Maturity<br \/>\nMaturity Date\t: 2012-12-01<br \/>\nMaturity Price  : 10.00<br \/>\nEvaluated at bid price : 7.65<br \/>\nBid-YTW : 13.50 %<\/td>\n<\/tr>\n<tr>\n<td>NA.PR.M<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-1.57 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2039-02-26<br \/>\nMaturity Price  : 20.67<br \/>\nEvaluated at bid price : 20.67<br \/>\nBid-YTW : 7.34 %<\/td>\n<\/tr>\n<tr>\n<td>CM.PR.A<\/td>\n<td>OpRet<\/td>\n<td>-1.38 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Call<br \/>\nMaturity Date\t: 2009-03-28<br \/>\nMaturity Price  : 25.50<br \/>\nEvaluated at bid price : 25.76<br \/>\nBid-YTW : -2.16 %<\/td>\n<\/tr>\n<tr>\n<td>PWF.PR.I<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-1.37 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2039-02-26<br \/>\nMaturity Price  : 20.82<br \/>\nEvaluated at bid price : 20.82<br \/>\nBid-YTW : 7.31 %<\/td>\n<\/tr>\n<tr>\n<td>CL.PR.B<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-1.35 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2039-02-26<br \/>\nMaturity Price  : 21.12<br \/>\nEvaluated at bid price : 21.12<br \/>\nBid-YTW : 7.57 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PR.K<\/td>\n<td>Floater<\/td>\n<td>-1.28 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2039-02-26<br \/>\nMaturity Price  : 7.70<br \/>\nEvaluated at bid price : 7.70<br \/>\nBid-YTW : 6.95 %<\/td>\n<\/tr>\n<tr>\n<td>CM.PR.H<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-1.27 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2039-02-26<br \/>\nMaturity Price  : 16.30<br \/>\nEvaluated at bid price : 16.30<br \/>\nBid-YTW : 7.48 %<\/td>\n<\/tr>\n<tr>\n<td>BNA.PR.A<\/td>\n<td>SplitShare<\/td>\n<td>-1.24 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Hard Maturity<br \/>\nMaturity Date\t: 2010-09-30<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 23.80<br \/>\nBid-YTW : 9.53 %<\/td>\n<\/tr>\n<tr>\n<td>PWF.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: 2039-02-26<br \/>\nMaturity Price  : 16.05<br \/>\nEvaluated at bid price : 16.05<br \/>\nBid-YTW : 7.83 %<\/td>\n<\/tr>\n<tr>\n<td>CM.PR.E<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-1.21 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2039-02-26<br \/>\nMaturity Price  : 18.82<br \/>\nEvaluated at bid price : 18.82<br \/>\nBid-YTW : 7.56 %<\/td>\n<\/tr>\n<tr>\n<td>SBC.PR.A<\/td>\n<td>SplitShare<\/td>\n<td>-1.19 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Hard Maturity<br \/>\nMaturity Date\t: 2012-11-30<br \/>\nMaturity Price  : 10.00<br \/>\nEvaluated at bid price : 7.50<br \/>\nBid-YTW : 14.40 %<\/td>\n<\/tr>\n<tr>\n<td>BMO.PR.M<\/td>\n<td>FixedReset<\/td>\n<td>-1.16 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2039-02-26<br \/>\nMaturity Price  : 21.30<br \/>\nEvaluated at bid price : 21.30<br \/>\nBid-YTW : 4.59 %<\/td>\n<\/tr>\n<tr>\n<td>TD.PR.C<\/td>\n<td>FixedReset<\/td>\n<td>-1.04 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2039-02-26<br \/>\nMaturity Price  : 23.71<br \/>\nEvaluated at bid price : 23.75<br \/>\nBid-YTW : 5.21 %<\/td>\n<\/tr>\n<tr>\n<td>PWF.PR.M<\/td>\n<td>FixedReset<\/td>\n<td>-1.01 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2039-02-26<br \/>\nMaturity Price  : 24.35<br \/>\nEvaluated at bid price : 24.40<br \/>\nBid-YTW : 5.63 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PR.J<\/td>\n<td>OpRet<\/td>\n<td>1.05 %<\/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 : 18.30<br \/>\nBid-YTW : 10.21 %<\/td>\n<\/tr>\n<tr>\n<td>WFS.PR.A<\/td>\n<td>SplitShare<\/td>\n<td>1.17 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Hard Maturity<br \/>\nMaturity Date\t: 2011-06-30<br \/>\nMaturity Price  : 10.00<br \/>\nEvaluated at bid price : 7.75<br \/>\nBid-YTW : 18.03 %<\/td>\n<\/tr>\n<tr>\n<td>RY.PR.C<\/td>\n<td>Perpetual-Discount<\/td>\n<td>1.21 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2039-02-26<br \/>\nMaturity Price  : 16.71<br \/>\nEvaluated at bid price : 16.71<br \/>\nBid-YTW : 6.95 %<\/td>\n<\/tr>\n<tr>\n<td>ALB.PR.A<\/td>\n<td>SplitShare<\/td>\n<td>1.29 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Hard Maturity<br \/>\nMaturity Date\t: 2011-02-28<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 19.65<br \/>\nBid-YTW : 17.45 %<\/td>\n<\/tr>\n<tr>\n<td>SLF.PR.A<\/td>\n<td>Perpetual-Discount<\/td>\n<td>1.29 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2039-02-26<br \/>\nMaturity Price  : 15.65<br \/>\nEvaluated at bid price : 15.65<br \/>\nBid-YTW : 7.60 %<\/td>\n<\/tr>\n<tr>\n<td>BMO.PR.J<\/td>\n<td>Perpetual-Discount<\/td>\n<td>1.32 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2039-02-26<br \/>\nMaturity Price  : 16.11<br \/>\nEvaluated at bid price : 16.11<br \/>\nBid-YTW : 7.05 %<\/td>\n<\/tr>\n<tr>\n<td>BMO.PR.K<\/td>\n<td>Perpetual-Discount<\/td>\n<td>1.33 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2039-02-26<br \/>\nMaturity Price  : 18.31<br \/>\nEvaluated at bid price : 18.31<br \/>\nBid-YTW : 7.24 %<\/td>\n<\/tr>\n<tr>\n<td>CIU.PR.A<\/td>\n<td>Perpetual-Discount<\/td>\n<td>1.58 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2039-02-26<br \/>\nMaturity Price  : 16.76<br \/>\nEvaluated at bid price : 16.76<br \/>\nBid-YTW : 6.91 %<\/td>\n<\/tr>\n<tr>\n<td>POW.PR.A<\/td>\n<td>Perpetual-Discount<\/td>\n<td>1.58 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2039-02-26<br \/>\nMaturity Price  : 19.25<br \/>\nEvaluated at bid price : 19.25<br \/>\nBid-YTW : 7.41 %<\/td>\n<\/tr>\n<tr>\n<td>GWO.PR.H<\/td>\n<td>Perpetual-Discount<\/td>\n<td>1.86 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2039-02-26<br \/>\nMaturity Price  : 16.41<br \/>\nEvaluated at bid price : 16.41<br \/>\nBid-YTW : 7.56 %<\/td>\n<\/tr>\n<tr>\n<td>FBS.PR.B<\/td>\n<td>SplitShare<\/td>\n<td>1.87 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Hard Maturity<br \/>\nMaturity Date\t: 2011-12-15<br \/>\nMaturity Price  : 10.00<br \/>\nEvaluated at bid price : 6.55<br \/>\nBid-YTW : 21.90 %<\/td>\n<\/tr>\n<tr>\n<td>FIG.PR.A<\/td>\n<td>Interest-Bearing<\/td>\n<td>2.14 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Hard Maturity<br \/>\nMaturity Date\t: 2014-12-31<br \/>\nMaturity Price  : 10.00<br \/>\nEvaluated at bid price : 7.15<br \/>\nBid-YTW : 13.89 %<\/td>\n<\/tr>\n<tr>\n<td>BNA.PR.C<\/td>\n<td>SplitShare<\/td>\n<td>2.18 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Hard Maturity<br \/>\nMaturity Date\t: 2019-01-10<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 11.25<br \/>\nBid-YTW : 15.45 %<\/td>\n<\/tr>\n<tr>\n<td>BNA.PR.B<\/td>\n<td>SplitShare<\/td>\n<td>2.23 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Hard Maturity<br \/>\nMaturity Date\t: 2016-03-25<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 21.06<br \/>\nBid-YTW : 7.93 %<\/td>\n<\/tr>\n<tr>\n<td>GWO.PR.I<\/td>\n<td>Perpetual-Discount<\/td>\n<td>2.37 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2039-02-26<br \/>\nMaturity Price  : 15.53<br \/>\nEvaluated at bid price : 15.53<br \/>\nBid-YTW : 7.41 %<\/td>\n<\/tr>\n<tr>\n<td>LBS.PR.A<\/td>\n<td>SplitShare<\/td>\n<td>2.90 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Hard Maturity<br \/>\nMaturity Date\t: 2013-11-29<br \/>\nMaturity Price  : 10.00<br \/>\nEvaluated at bid price : 7.80<br \/>\nBid-YTW : 11.65 %<\/td>\n<\/tr>\n<tr>\n<td>MFC.PR.C<\/td>\n<td>Perpetual-Discount<\/td>\n<td>2.93 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2039-02-26<br \/>\nMaturity Price  : 15.48<br \/>\nEvaluated at bid price : 15.48<br \/>\nBid-YTW : 7.30 %<\/td>\n<\/tr>\n<tr>\n<td>PWF.PR.A<\/td>\n<td>Floater<\/td>\n<td>4.00 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2039-02-26<br \/>\nMaturity Price  : 13.00<br \/>\nEvaluated at bid price : 13.00<br \/>\nBid-YTW : 4.06 %<\/td>\n<\/tr>\n<tr>\n<td>PPL.PR.A<\/td>\n<td>SplitShare<\/td>\n<td>4.38 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Hard Maturity<br \/>\nMaturity Date\t: 2012-12-01<br \/>\nMaturity Price  : 10.00<br \/>\nEvaluated at bid price : 8.57<br \/>\nBid-YTW : 9.59 %<\/td>\n<\/tr>\n<tr>\n<td>FFN.PR.A<\/td>\n<td>SplitShare<\/td>\n<td>5.60 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Hard Maturity<br \/>\nMaturity Date\t: 2014-12-01<br \/>\nMaturity Price  : 10.00<br \/>\nEvaluated at bid price : 6.03<br \/>\nBid-YTW : 16.24 %<\/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>PPL.PR.A<\/td>\n<td>SplitShare<\/td>\n<td>383,449<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Hard Maturity<br \/>\nMaturity Date\t: 2012-12-01<br \/>\nMaturity Price  : 10.00<br \/>\nEvaluated at bid price : 8.57<br \/>\nBid-YTW : 9.59 %<\/td>\n<\/tr>\n<tr>\n<td>CM.PR.R<\/td>\n<td>OpRet<\/td>\n<td>137,000<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Soft Maturity<br \/>\nMaturity Date\t: 2013-04-29<br \/>\nMaturity Price  : 25.15<br \/>\nEvaluated at bid price : 25.51<br \/>\nBid-YTW : 4.68 %<\/td>\n<\/tr>\n<tr>\n<td>TD.PR.N<\/td>\n<td>OpRet<\/td>\n<td>132,601<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Soft Maturity<br \/>\nMaturity Date\t: 2014-01-30<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 25.50<br \/>\nBid-YTW : 4.24 %<\/td>\n<\/tr>\n<tr>\n<td>MFC.PR.A<\/td>\n<td>OpRet<\/td>\n<td>110,356<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Soft Maturity<br \/>\nMaturity Date\t: 2015-12-18<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 24.40<br \/>\nBid-YTW : 4.49 %<\/td>\n<\/tr>\n<tr>\n<td>RY.PR.R<\/td>\n<td>FixedReset<\/td>\n<td>105,775<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Call<br \/>\nMaturity Date\t: 2014-03-26<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 25.15<br \/>\nBid-YTW : 6.27 %<\/td>\n<\/tr>\n<tr>\n<td>TD.PR.M<\/td>\n<td>OpRet<\/td>\n<td>94,500<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Soft Maturity<br \/>\nMaturity Date\t: 2013-10-30<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 25.41<br \/>\nBid-YTW : 4.42 %<\/td>\n<\/tr>\n<tr>\n<td colspan='4'>There were 41 other index-included issues trading in excess of 10,000 shares.<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Whoosh! The seminar was a lot of fun but it took a lot out of me! There&#8217;s an amusing story in the Financial Times: A whistleblower contacted US regulators more than five years ago with &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-5656","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/5656","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=5656"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/5656\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5656"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5656"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5656"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}