{"id":5702,"date":"2009-03-02T23:07:04","date_gmt":"2009-03-03T03:07:04","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=5702"},"modified":"2009-03-02T23:07:04","modified_gmt":"2009-03-03T03:07:04","slug":"march-2-2009","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=5702","title":{"rendered":"March 2, 2009"},"content":{"rendered":"<p>Whoosh! <a href=\"http:\/\/www.bloomberg.com\/apps\/news?pid=newsarchive&#038;sid=aC67uEjr7hYE\">In like a lion<\/a>, all right!<\/p>\n<blockquote><p>Suncor Energy Inc. dropped 10 percent after its shares were downgraded at Raymond James &#038; Associates Inc. on expectations of lower oil and gas prices. Potash Corp. of Saskatchewan Inc. fell 9.8 percent on speculation that the recession will cut demand for grains and fertilizers. Manulife Financial Corp. slumped to the lowest in almost nine years on renewed speculation that it will sell stock to cover investment losses and pay for an acquisition.<\/p>\n<p>The Standard &#038; Poor\u2019s\/TSX Composite Index fell 5.4 percent to 7,687.51 in Toronto, the steepest loss since Dec. 1. Only 20 of Canada\u2019s main stock benchmark\u2019s 215 members rose. The S&#038;P\/TSX is down 14 percent this year, adding to a 2008\u2019s 35 percent drop.<\/p><\/blockquote>\n<p>How bad is liquidity? I understand TD Waterhouse refused to bid on about $20,000-worth (present value) of 20-year Ontario Hydro coupons for a retail account. Now, that&#8217;s bad.<\/p>\n<p>Prefs were not unscathed, but managed to stagger to a not-as-horrible-as-November finish amidst very light volume. Given all the <a href=\"http:\/\/www.prefblog.com\/?p=5688\">recent hand-wringing about MFC<\/a>, it will be interesting to see how their <a href=\"http:\/\/www.prefblog.com\/?p=5616\">new and wildly popular Fixed-Reset<\/a> opens on Wednesday.<\/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>-2.0789 %<\/td>\n<td>811.6<\/td>\n<\/tr>\n<tr>\n<td>FixedFloater<\/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>-2.0789 %<\/td>\n<td>1,312.5<\/td>\n<\/tr>\n<tr>\n<td>Floater<\/td>\n<td>5.77 %<\/td>\n<td>7.35 %<\/td>\n<td>69,721<\/td>\n<td>12.01<\/td>\n<td>3<\/td>\n<td>-2.0789 %<\/td>\n<td>1,013.9<\/td>\n<\/tr>\n<tr>\n<td>OpRet<\/td>\n<td>5.28 %<\/td>\n<td>4.77 %<\/td>\n<td>149,376<\/td>\n<td>3.76<\/td>\n<td>15<\/td>\n<td>-0.2597 %<\/td>\n<td>2,042.0<\/td>\n<\/tr>\n<tr>\n<td>SplitShare<\/td>\n<td>6.86 %<\/td>\n<td>9.30 %<\/td>\n<td>60,053<\/td>\n<td>4.84<\/td>\n<td>6<\/td>\n<td>-1.6222 %<\/td>\n<td>1,617.3<\/td>\n<\/tr>\n<tr>\n<td>Interest-Bearing<\/td>\n<td>6.22 %<\/td>\n<td>11.61 %<\/td>\n<td>39,285<\/td>\n<td>0.79<\/td>\n<td>1<\/td>\n<td>-2.1298 %<\/td>\n<td>1,888.6<\/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>-1.1191 %<\/td>\n<td>1,483.8<\/td>\n<\/tr>\n<tr>\n<td>Perpetual-Discount<\/td>\n<td>7.27 %<\/td>\n<td>7.35 %<\/td>\n<td>172,708<\/td>\n<td>12.11<\/td>\n<td>71<\/td>\n<td>-1.1191 %<\/td>\n<td>1,366.5<\/td>\n<\/tr>\n<tr>\n<td>FixedReset<\/td>\n<td>6.19 %<\/td>\n<td>5.70 %<\/td>\n<td>514,868<\/td>\n<td>13.90<\/td>\n<td>27<\/td>\n<td>-0.6025 %<\/td>\n<td>1,779.7<\/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>LFE.PR.A<\/td>\n<td>SplitShare<\/td>\n<td>-7.06 %<\/td>\n<td>Asset coverage of 1.2+:1 as of February 13 according to <a href=\"http:\/\/www.quadravest.com\/valuations.htm\">Quadra<\/a> (the fund&#8217;s individual website is down. Trouble paying the bills, maybe?). Traded 1300 shares (count &#8217;em!) in a range of 6.65-11 before closing at 6.85-09, 3&#215;21.<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 : 6.85<br \/>\nBid-YTW : 17.11 %<\/td>\n<\/tr>\n<tr>\n<td>BNS.PR.R<\/td>\n<td>FixedReset<\/td>\n<td>-5.66 %<\/td>\n<td>Traded 11,590 shares in a range of 19.80-66 before closing at 20.00-25, 10&#215;40.<br \/>\nYTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2039-03-02<br \/>\nMaturity Price  : 20.00<br \/>\nEvaluated at bid price : 20.00<br \/>\nBid-YTW : 5.11 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PR.K<\/td>\n<td>Floater<\/td>\n<td>-4.97 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2039-03-02<br \/>\nMaturity Price  : 7.27<br \/>\nEvaluated at bid price : 7.27<br \/>\nBid-YTW : 7.38 %<\/td>\n<\/tr>\n<tr>\n<td>MFC.PR.C<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-4.75 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2039-03-02<br \/>\nMaturity Price  : 15.25<br \/>\nEvaluated at bid price : 15.25<br \/>\nBid-YTW : 7.42 %<\/td>\n<\/tr>\n<tr>\n<td>BNS.PR.N<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-4.58 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2039-03-02<br \/>\nMaturity Price  : 18.77<br \/>\nEvaluated at bid price : 18.77<br \/>\nBid-YTW : 7.11 %<\/td>\n<\/tr>\n<tr>\n<td>CM.PR.G<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-4.52 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2039-03-02<br \/>\nMaturity Price  : 17.33<br \/>\nEvaluated at bid price : 17.33<br \/>\nBid-YTW : 7.93 %<\/td>\n<\/tr>\n<tr>\n<td>IAG.PR.A<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-4.39 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2039-03-02<br \/>\nMaturity Price  : 15.01<br \/>\nEvaluated at bid price : 15.01<br \/>\nBid-YTW : 7.68 %<\/td>\n<\/tr>\n<tr>\n<td>SBN.PR.A<\/td>\n<td>SplitShare<\/td>\n<td>-4.05 %<\/td>\n<td>Asset coverage of 1.5-:1 as of February 19 according to <a href=\"http:\/\/www.mulvihill.com\/sp_nav.cfm\">Mulvihill<\/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 : 8.30<br \/>\nBid-YTW : 9.24 %<\/td>\n<\/tr>\n<tr>\n<td>POW.PR.A<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-3.72 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2039-03-02<br \/>\nMaturity Price  : 18.62<br \/>\nEvaluated at bid price : 18.62<br \/>\nBid-YTW : 7.67 %<\/td>\n<\/tr>\n<tr>\n<td>CM.PR.D<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-3.28 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2039-03-02<br \/>\nMaturity Price  : 18.87<br \/>\nEvaluated at bid price : 18.87<br \/>\nBid-YTW : 7.75 %<\/td>\n<\/tr>\n<tr>\n<td>PWF.PR.L<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-3.26 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2039-03-02<br \/>\nMaturity Price  : 16.04<br \/>\nEvaluated at bid price : 16.04<br \/>\nBid-YTW : 8.09 %<\/td>\n<\/tr>\n<tr>\n<td>TD.PR.S<\/td>\n<td>FixedReset<\/td>\n<td>-3.10 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2039-03-02<br \/>\nMaturity Price  : 20.35<br \/>\nEvaluated at bid price : 20.35<br \/>\nBid-YTW : 4.69 %<\/td>\n<\/tr>\n<tr>\n<td>CM.PR.H<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-3.08 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2039-03-02<br \/>\nMaturity Price  : 15.76<br \/>\nEvaluated at bid price : 15.76<br \/>\nBid-YTW : 7.75 %<\/td>\n<\/tr>\n<tr>\n<td>GWO.PR.I<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-2.97 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2039-03-02<br \/>\nMaturity Price  : 14.70<br \/>\nEvaluated at bid price : 14.70<br \/>\nBid-YTW : 7.67 %<\/td>\n<\/tr>\n<tr>\n<td>CM.PR.I<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-2.84 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2039-03-02<br \/>\nMaturity Price  : 15.40<br \/>\nEvaluated at bid price : 15.40<br \/>\nBid-YTW : 7.76 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PR.B<\/td>\n<td>Floater<\/td>\n<td>-2.67 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2039-03-02<br \/>\nMaturity Price  : 7.30<br \/>\nEvaluated at bid price : 7.30<br \/>\nBid-YTW : 7.35 %<\/td>\n<\/tr>\n<tr>\n<td>BMO.PR.H<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-2.63 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2039-03-02<br \/>\nMaturity Price  : 19.23<br \/>\nEvaluated at bid price : 19.23<br \/>\nBid-YTW : 6.96 %<\/td>\n<\/tr>\n<tr>\n<td>BNA.PR.C<\/td>\n<td>SplitShare<\/td>\n<td>-2.54 %<\/td>\n<td>Asset coverage of 1.9-:1 as of January 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: 2019-01-10<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 10.73<br \/>\nBid-YTW : 16.21 %<\/td>\n<\/tr>\n<tr>\n<td>BMO.PR.J<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-2.52 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2039-03-02<br \/>\nMaturity Price  : 15.50<br \/>\nEvaluated at bid price : 15.50<br \/>\nBid-YTW : 7.34 %<\/td>\n<\/tr>\n<tr>\n<td>CM.PR.E<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-2.33 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2039-03-02<br \/>\nMaturity Price  : 18.02<br \/>\nEvaluated at bid price : 18.02<br \/>\nBid-YTW : 7.91 %<\/td>\n<\/tr>\n<tr>\n<td>TD.PR.A<\/td>\n<td>FixedReset<\/td>\n<td>-2.22 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2039-03-02<br \/>\nMaturity Price  : 21.97<br \/>\nEvaluated at bid price : 22.01<br \/>\nBid-YTW : 4.68 %<\/td>\n<\/tr>\n<tr>\n<td>STW.PR.A<\/td>\n<td>Interest-Bearing<\/td>\n<td>-2.13 %<\/td>\n<td>Asset coverage of 1.5+:1 based on <a href=\"http:\/\/www.middlefield.com\/strata08.htm\">Capital Unit NAV of 2.37<\/a> as of Feb. 26 and 2.12 Capital Units per preferred.<br \/>\nYTW SCENARIO<br \/>\nMaturity Type   : Hard Maturity<br \/>\nMaturity Date\t: 2009-12-31<br \/>\nMaturity Price  : 10.00<br \/>\nEvaluated at bid price : 9.65<br \/>\nBid-YTW : 11.61 %<\/td>\n<\/tr>\n<tr>\n<td>PWF.PR.K<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-2.11 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2039-03-02<br \/>\nMaturity Price  : 15.76<br \/>\nEvaluated at bid price : 15.76<br \/>\nBid-YTW : 7.99 %<\/td>\n<\/tr>\n<tr>\n<td>POW.PR.B<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-2.09 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2039-03-02<br \/>\nMaturity Price  : 17.76<br \/>\nEvaluated at bid price : 17.76<br \/>\nBid-YTW : 7.69 %<\/td>\n<\/tr>\n<tr>\n<td>RY.PR.G<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-2.00 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2039-03-02<br \/>\nMaturity Price  : 16.17<br \/>\nEvaluated at bid price : 16.17<br \/>\nBid-YTW : 7.03 %<\/td>\n<\/tr>\n<tr>\n<td>CM.PR.J<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-1.99 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2039-03-02<br \/>\nMaturity Price  : 14.75<br \/>\nEvaluated at bid price : 14.75<br \/>\nBid-YTW : 7.76 %<\/td>\n<\/tr>\n<tr>\n<td>TD.PR.M<\/td>\n<td>OpRet<\/td>\n<td>-1.87 %<\/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 : 25.18<br \/>\nBid-YTW : 4.65 %<\/td>\n<\/tr>\n<tr>\n<td>BNS.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: 2039-03-02<br \/>\nMaturity Price  : 16.92<br \/>\nEvaluated at bid price : 16.92<br \/>\nBid-YTW : 6.75 %<\/td>\n<\/tr>\n<tr>\n<td>SLF.PR.C<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-1.62 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2039-03-02<br \/>\nMaturity Price  : 14.62<br \/>\nEvaluated at bid price : 14.62<br \/>\nBid-YTW : 7.63 %<\/td>\n<\/tr>\n<tr>\n<td>SLF.PR.E<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-1.54 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2039-03-02<br \/>\nMaturity Price  : 14.67<br \/>\nEvaluated at bid price : 14.67<br \/>\nBid-YTW : 7.69 %<\/td>\n<\/tr>\n<tr>\n<td>CIU.PR.A<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-1.49 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2039-03-02<br \/>\nMaturity Price  : 16.51<br \/>\nEvaluated at bid price : 16.51<br \/>\nBid-YTW : 7.03 %<\/td>\n<\/tr>\n<tr>\n<td>BMO.PR.M<\/td>\n<td>FixedReset<\/td>\n<td>-1.42 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2039-03-02<br \/>\nMaturity Price  : 20.90<br \/>\nEvaluated at bid price : 20.90<br \/>\nBid-YTW : 4.59 %<\/td>\n<\/tr>\n<tr>\n<td>HSB.PR.C<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-1.39 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2039-03-02<br \/>\nMaturity Price  : 17.75<br \/>\nEvaluated at bid price : 17.75<br \/>\nBid-YTW : 7.35 %<\/td>\n<\/tr>\n<tr>\n<td>TD.PR.Y<\/td>\n<td>FixedReset<\/td>\n<td>-1.38 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2039-03-02<br \/>\nMaturity Price  : 20.71<br \/>\nEvaluated at bid price : 20.71<br \/>\nBid-YTW : 4.74 %<\/td>\n<\/tr>\n<tr>\n<td>NA.PR.L<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-1.38 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2039-03-02<br \/>\nMaturity Price  : 17.16<br \/>\nEvaluated at bid price : 17.16<br \/>\nBid-YTW : 7.16 %<\/td>\n<\/tr>\n<tr>\n<td>NA.PR.M<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-1.38 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2039-03-02<br \/>\nMaturity Price  : 20.07<br \/>\nEvaluated at bid price : 20.07<br \/>\nBid-YTW : 7.57 %<\/td>\n<\/tr>\n<tr>\n<td>POW.PR.C<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-1.34 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2039-03-02<br \/>\nMaturity Price  : 19.20<br \/>\nEvaluated at bid price : 19.20<br \/>\nBid-YTW : 7.71 %<\/td>\n<\/tr>\n<tr>\n<td>BNS.PR.P<\/td>\n<td>FixedReset<\/td>\n<td>-1.31 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2039-03-02<br \/>\nMaturity Price  : 22.51<br \/>\nEvaluated at bid price : 22.60<br \/>\nBid-YTW : 4.58 %<\/td>\n<\/tr>\n<tr>\n<td>RY.PR.W<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-1.30 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2039-03-02<br \/>\nMaturity Price  : 18.27<br \/>\nEvaluated at bid price : 18.27<br \/>\nBid-YTW : 6.78 %<\/td>\n<\/tr>\n<tr>\n<td>RY.PR.E<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-1.23 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2039-03-02<br \/>\nMaturity Price  : 16.10<br \/>\nEvaluated at bid price : 16.10<br \/>\nBid-YTW : 7.06 %<\/td>\n<\/tr>\n<tr>\n<td>GWO.PR.F<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-1.22 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2039-03-02<br \/>\nMaturity Price  : 20.25<br \/>\nEvaluated at bid price : 20.25<br \/>\nBid-YTW : 7.30 %<\/td>\n<\/tr>\n<tr>\n<td>MFC.PR.B<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-1.21 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2039-03-02<br \/>\nMaturity Price  : 16.30<br \/>\nEvaluated at bid price : 16.30<br \/>\nBid-YTW : 7.17 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PR.O<\/td>\n<td>OpRet<\/td>\n<td>-1.17 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Option Certainty<br \/>\nMaturity Date\t: 2013-06-30<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 21.05<br \/>\nBid-YTW : 9.88 %<\/td>\n<\/tr>\n<tr>\n<td>PWF.PR.H<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-1.17 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2039-03-02<br \/>\nMaturity Price  : 18.61<br \/>\nEvaluated at bid price : 18.61<br \/>\nBid-YTW : 7.86 %<\/td>\n<\/tr>\n<tr>\n<td>GWO.PR.J<\/td>\n<td>FixedReset<\/td>\n<td>-1.14 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2039-03-02<br \/>\nMaturity Price  : 24.17<br \/>\nEvaluated at bid price : 24.22<br \/>\nBid-YTW : 5.34 %<\/td>\n<\/tr>\n<tr>\n<td>CM.PR.K<\/td>\n<td>FixedReset<\/td>\n<td>-1.14 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2039-03-02<br \/>\nMaturity Price  : 21.44<br \/>\nEvaluated at bid price : 21.75<br \/>\nBid-YTW : 5.10 %<\/td>\n<\/tr>\n<tr>\n<td>RY.PR.F<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-1.13 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2039-03-02<br \/>\nMaturity Price  : 15.82<br \/>\nEvaluated at bid price : 15.82<br \/>\nBid-YTW : 7.11 %<\/td>\n<\/tr>\n<tr>\n<td>RY.PR.I<\/td>\n<td>FixedReset<\/td>\n<td>-1.12 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2039-03-02<br \/>\nMaturity Price  : 21.96<br \/>\nEvaluated at bid price : 22.00<br \/>\nBid-YTW : 4.64 %<\/td>\n<\/tr>\n<tr>\n<td>POW.PR.D<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-1.09 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2039-03-02<br \/>\nMaturity Price  : 16.39<br \/>\nEvaluated at bid price : 16.39<br \/>\nBid-YTW : 7.79 %<\/td>\n<\/tr>\n<tr>\n<td>SLF.PR.B<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-1.02 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2039-03-02<br \/>\nMaturity Price  : 15.50<br \/>\nEvaluated at bid price : 15.50<br \/>\nBid-YTW : 7.76 %<\/td>\n<\/tr>\n<tr>\n<td>RY.PR.L<\/td>\n<td>FixedReset<\/td>\n<td>1.09 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2039-03-02<br \/>\nMaturity Price  : 23.21<br \/>\nEvaluated at bid price : 23.25<br \/>\nBid-YTW : 5.17 %<\/td>\n<\/tr>\n<tr>\n<td>ACO.PR.A<\/td>\n<td>OpRet<\/td>\n<td>1.14 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Call<br \/>\nMaturity Date\t: 2009-12-31<br \/>\nMaturity Price  : 25.50<br \/>\nEvaluated at bid price : 25.80<br \/>\nBid-YTW : 4.21 %<\/td>\n<\/tr>\n<tr>\n<td>TD.PR.O<\/td>\n<td>Perpetual-Discount<\/td>\n<td>1.15 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2039-03-02<br \/>\nMaturity Price  : 18.44<br \/>\nEvaluated at bid price : 18.44<br \/>\nBid-YTW : 6.67 %<\/td>\n<\/tr>\n<tr>\n<td>GWO.PR.H<\/td>\n<td>Perpetual-Discount<\/td>\n<td>1.36 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2039-03-02<br \/>\nMaturity Price  : 16.35<br \/>\nEvaluated at bid price : 16.35<br \/>\nBid-YTW : 7.43 %<\/td>\n<\/tr>\n<tr>\n<td>BNA.PR.A<\/td>\n<td>SplitShare<\/td>\n<td>2.16 %<\/td>\n<td>Asset coverage of 1.9-:1 as of January 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: 2010-09-30<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 23.70<br \/>\nBid-YTW : 9.89 %<\/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>CM.PR.R<\/td>\n<td>OpRet<\/td>\n<td>51,000<\/td>\n<td>TD crossed 30,300 at 25.74.<br \/>\nYTW SCENARIO<br \/>\nMaturity Type   : Soft Maturity<br \/>\nMaturity Date\t: 2013-04-29<br \/>\nMaturity Price  : 25.15<br \/>\nEvaluated at bid price : 25.56<br \/>\nBid-YTW : 4.64 %<\/td>\n<\/tr>\n<tr>\n<td>BNS.PR.X<\/td>\n<td>FixedReset<\/td>\n<td>44,487<\/td>\n<td>Scotia bought 13,400 from anonymous at 25.10.<br \/>\nYTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2039-03-02<br \/>\nMaturity Price  : 25.06<br \/>\nEvaluated at bid price : 25.11<br \/>\nBid-YTW : 6.31 %<\/td>\n<\/tr>\n<tr>\n<td>TD.PR.E<\/td>\n<td>FixedReset<\/td>\n<td>28,950<\/td>\n<td>TD crossed 10,000 at 25.16.<br \/>\nYTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2039-03-02<br \/>\nMaturity Price  : 25.06<br \/>\nEvaluated at bid price : 25.11<br \/>\nBid-YTW : 6.27 %<\/td>\n<\/tr>\n<tr>\n<td>RY.PR.P<\/td>\n<td>FixedReset<\/td>\n<td>25,225<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2039-03-02<br \/>\nMaturity Price  : 25.01<br \/>\nEvaluated at bid price : 25.06<br \/>\nBid-YTW : 6.15 %<\/td>\n<\/tr>\n<tr>\n<td>RY.PR.R<\/td>\n<td>FixedReset<\/td>\n<td>25,199<\/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 : 6.28 %<\/td>\n<\/tr>\n<tr>\n<td>DFN.PR.A<\/td>\n<td>SplitShare<\/td>\n<td>16,850<\/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 : 8.26<br \/>\nBid-YTW : 9.30 %<\/td>\n<\/tr>\n<tr>\n<td colspan='4'>There were 15 other index-included issues trading in excess of 10,000 shares.<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Whoosh! In like a lion, all right! Suncor Energy Inc. dropped 10 percent after its shares were downgraded at Raymond James &#038; Associates Inc. on expectations of lower oil and gas prices. Potash Corp. of &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-5702","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/5702","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=5702"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/5702\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5702"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5702"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5702"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}