{"id":5757,"date":"2009-03-04T23:31:09","date_gmt":"2009-03-05T03:31:09","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=5757"},"modified":"2009-03-04T23:31:09","modified_gmt":"2009-03-05T03:31:09","slug":"march-4-2009","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=5757","title":{"rendered":"March 4, 2009"},"content":{"rendered":"<p>Sorry folks! Not much by way of commentary today!<\/p>\n<p>PerpetualDiscounts were off again to yield 7.46%, equivalent to 10.44% interest at the standard equivalency factor of 1.4x. <a href=\"http:\/\/www.canadianbondindices.com\/ltbi.asp\">Long Corporates<\/a> continue to hold at 7.50%, so the pre-tax interest-equivalent spread is now 294bp &#8230; who knows? It won&#8217;t take much before we&#8217;re breaching 300bp again.<\/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>0.3276 %<\/td>\n<td>818.7<\/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>0.3276 %<\/td>\n<td>1,324.1<\/td>\n<\/tr>\n<tr>\n<td>Floater<\/td>\n<td>4.76 %<\/td>\n<td>5.95 %<\/td>\n<td>67,587<\/td>\n<td>13.88<\/td>\n<td>3<\/td>\n<td>0.3276 %<\/td>\n<td>1,022.8<\/td>\n<\/tr>\n<tr>\n<td>OpRet<\/td>\n<td>5.30 %<\/td>\n<td>5.01 %<\/td>\n<td>149,100<\/td>\n<td>3.93<\/td>\n<td>15<\/td>\n<td>-0.0973 %<\/td>\n<td>2,035.7<\/td>\n<\/tr>\n<tr>\n<td>SplitShare<\/td>\n<td>6.97 %<\/td>\n<td>9.08 %<\/td>\n<td>57,677<\/td>\n<td>4.84<\/td>\n<td>6<\/td>\n<td>-0.4790 %<\/td>\n<td>1,591.5<\/td>\n<\/tr>\n<tr>\n<td>Interest-Bearing<\/td>\n<td>6.23 %<\/td>\n<td>11.97 %<\/td>\n<td>38,576<\/td>\n<td>0.78<\/td>\n<td>1<\/td>\n<td>0.0000 %<\/td>\n<td>1,884.6<\/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>-0.1996 %<\/td>\n<td>1,471.0<\/td>\n<\/tr>\n<tr>\n<td>Perpetual-Discount<\/td>\n<td>7.34 %<\/td>\n<td>7.46 %<\/td>\n<td>172,278<\/td>\n<td>12.03<\/td>\n<td>71<\/td>\n<td>-0.1996 %<\/td>\n<td>1,354.8<\/td>\n<\/tr>\n<tr>\n<td>FixedReset<\/td>\n<td>6.20 %<\/td>\n<td>5.64 %<\/td>\n<td>478,449<\/td>\n<td>13.98<\/td>\n<td>28<\/td>\n<td>0.1283 %<\/td>\n<td>1,780.6<\/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>PWF.PR.E<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-4.10 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2039-03-04<br \/>\nMaturity Price  : 17.56<br \/>\nEvaluated at bid price : 17.56<br \/>\nBid-YTW : 7.97 %<\/td>\n<\/tr>\n<tr>\n<td>TD.PR.O<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-3.20 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2039-03-04<br \/>\nMaturity Price  : 17.82<br \/>\nEvaluated at bid price : 17.82<br \/>\nBid-YTW : 6.91 %<\/td>\n<\/tr>\n<tr>\n<td>PWF.PR.H<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-2.80 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2039-03-04<br \/>\nMaturity Price  : 18.08<br \/>\nEvaluated at bid price : 18.08<br \/>\nBid-YTW : 8.09 %<\/td>\n<\/tr>\n<tr>\n<td>PWF.PR.F<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-2.58 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2039-03-04<br \/>\nMaturity Price  : 17.00<br \/>\nEvaluated at bid price : 17.00<br \/>\nBid-YTW : 7.86 %<\/td>\n<\/tr>\n<tr>\n<td>LFE.PR.A<\/td>\n<td>SplitShare<\/td>\n<td>-2.16 %<\/td>\n<td>Asset coverage of 1.0+:1 as of February 27 according to <a href=\"http:\/\/www.lifesplit.com\/valuations.html\">the company<\/a> &#8230; and DBRS still <a href=\"http:\/\/www.dbrs.com\/issuer\/8471\">rates it as Pfd-2(low)<\/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 : 6.35<br \/>\nBid-YTW : 19.64 %<\/td>\n<\/tr>\n<tr>\n<td>POW.PR.A<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-2.14 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2039-03-04<br \/>\nMaturity Price  : 18.26<br \/>\nEvaluated at bid price : 18.26<br \/>\nBid-YTW : 7.83 %<\/td>\n<\/tr>\n<tr>\n<td>MFC.PR.B<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-2.06 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2039-03-04<br \/>\nMaturity Price  : 15.67<br \/>\nEvaluated at bid price : 15.67<br \/>\nBid-YTW : 7.46 %<\/td>\n<\/tr>\n<tr>\n<td>BNS.PR.J<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-2.00 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2039-03-04<br \/>\nMaturity Price  : 19.11<br \/>\nEvaluated at bid price : 19.11<br \/>\nBid-YTW : 6.98 %<\/td>\n<\/tr>\n<tr>\n<td>POW.PR.B<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-1.99 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2039-03-04<br \/>\nMaturity Price  : 16.72<br \/>\nEvaluated at bid price : 16.72<br \/>\nBid-YTW : 8.18 %<\/td>\n<\/tr>\n<tr>\n<td>SLF.PR.B<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-1.95 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2039-03-04<br \/>\nMaturity Price  : 15.11<br \/>\nEvaluated at bid price : 15.11<br \/>\nBid-YTW : 7.97 %<\/td>\n<\/tr>\n<tr>\n<td>PWF.PR.L<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-1.90 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2039-03-04<br \/>\nMaturity Price  : 15.99<br \/>\nEvaluated at bid price : 15.99<br \/>\nBid-YTW : 8.12 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PR.M<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-1.88 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2039-03-04<br \/>\nMaturity Price  : 12.51<br \/>\nEvaluated at bid price : 12.51<br \/>\nBid-YTW : 9.78 %<\/td>\n<\/tr>\n<tr>\n<td>POW.PR.C<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-1.87 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2039-03-04<br \/>\nMaturity Price  : 18.86<br \/>\nEvaluated at bid price : 18.86<br \/>\nBid-YTW : 7.85 %<\/td>\n<\/tr>\n<tr>\n<td>IAG.PR.C<\/td>\n<td>FixedReset<\/td>\n<td>-1.87 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2039-03-04<br \/>\nMaturity Price  : 21.00<br \/>\nEvaluated at bid price : 21.00<br \/>\nBid-YTW : 6.53 %<\/td>\n<\/tr>\n<tr>\n<td>NA.PR.L<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-1.81 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2039-03-04<br \/>\nMaturity Price  : 16.25<br \/>\nEvaluated at bid price : 16.25<br \/>\nBid-YTW : 7.56 %<\/td>\n<\/tr>\n<tr>\n<td>W.PR.J<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-1.71 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2039-03-04<br \/>\nMaturity Price  : 19.56<br \/>\nEvaluated at bid price : 19.56<br \/>\nBid-YTW : 7.30 %<\/td>\n<\/tr>\n<tr>\n<td>SLF.PR.C<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-1.66 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2039-03-04<br \/>\nMaturity Price  : 14.26<br \/>\nEvaluated at bid price : 14.26<br \/>\nBid-YTW : 7.83 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PR.I<\/td>\n<td>OpRet<\/td>\n<td>-1.64 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Soft Maturity<br \/>\nMaturity Date\t: 2013-12-30<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 21.60<br \/>\nBid-YTW : 9.38 %<\/td>\n<\/tr>\n<tr>\n<td>RY.PR.G<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-1.53 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2039-03-04<br \/>\nMaturity Price  : 16.10<br \/>\nEvaluated at bid price : 16.10<br \/>\nBid-YTW : 7.07 %<\/td>\n<\/tr>\n<tr>\n<td>RY.PR.L<\/td>\n<td>FixedReset<\/td>\n<td>-1.50 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2039-03-04<br \/>\nMaturity Price  : 23.01<br \/>\nEvaluated at bid price : 23.05<br \/>\nBid-YTW : 5.22 %<\/td>\n<\/tr>\n<tr>\n<td>PWF.PR.K<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-1.46 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2039-03-04<br \/>\nMaturity Price  : 15.48<br \/>\nEvaluated at bid price : 15.48<br \/>\nBid-YTW : 8.14 %<\/td>\n<\/tr>\n<tr>\n<td>BMO.PR.L<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-1.45 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2039-03-04<br \/>\nMaturity Price  : 19.66<br \/>\nEvaluated at bid price : 19.66<br \/>\nBid-YTW : 7.46 %<\/td>\n<\/tr>\n<tr>\n<td>MFC.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: 2039-03-04<br \/>\nMaturity Price  : 14.68<br \/>\nEvaluated at bid price : 14.68<br \/>\nBid-YTW : 7.71 %<\/td>\n<\/tr>\n<tr>\n<td>SBN.PR.A<\/td>\n<td>SplitShare<\/td>\n<td>-1.40 %<\/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 : 8.43<br \/>\nBid-YTW : 8.92 %<\/td>\n<\/tr>\n<tr>\n<td>IAG.PR.A<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-1.40 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2039-03-04<br \/>\nMaturity Price  : 14.80<br \/>\nEvaluated at bid price : 14.80<br \/>\nBid-YTW : 7.79 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PR.O<\/td>\n<td>OpRet<\/td>\n<td>-1.18 %<\/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 : 21.00<br \/>\nBid-YTW : 9.96 %<\/td>\n<\/tr>\n<tr>\n<td>GWO.PR.G<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-1.11 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2039-03-04<br \/>\nMaturity Price  : 16.88<br \/>\nEvaluated at bid price : 16.88<br \/>\nBid-YTW : 7.73 %<\/td>\n<\/tr>\n<tr>\n<td>NA.PR.N<\/td>\n<td>FixedReset<\/td>\n<td>-1.07 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2039-03-04<br \/>\nMaturity Price  : 22.21<br \/>\nEvaluated at bid price : 22.27<br \/>\nBid-YTW : 4.76 %<\/td>\n<\/tr>\n<tr>\n<td>CM.PR.K<\/td>\n<td>FixedReset<\/td>\n<td>1.15 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2039-03-04<br \/>\nMaturity Price  : 21.62<br \/>\nEvaluated at bid price : 22.00<br \/>\nBid-YTW : 5.04 %<\/td>\n<\/tr>\n<tr>\n<td>DFN.PR.A<\/td>\n<td>SplitShare<\/td>\n<td>1.21 %<\/td>\n<td>Asset coverage of 1.5-:1 as of February 27 according to <a href=\"http:\/\/www.dividend15.com\/split_II\/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 : 8.35<br \/>\nBid-YTW : 9.08 %<\/td>\n<\/tr>\n<tr>\n<td>CM.PR.I<\/td>\n<td>Perpetual-Discount<\/td>\n<td>1.31 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2039-03-04<br \/>\nMaturity Price  : 15.50<br \/>\nEvaluated at bid price : 15.50<br \/>\nBid-YTW : 7.72 %<\/td>\n<\/tr>\n<tr>\n<td>CM.PR.H<\/td>\n<td>Perpetual-Discount<\/td>\n<td>1.35 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2039-03-04<br \/>\nMaturity Price  : 15.81<br \/>\nEvaluated at bid price : 15.81<br \/>\nBid-YTW : 7.73 %<\/td>\n<\/tr>\n<tr>\n<td>BNS.PR.L<\/td>\n<td>Perpetual-Discount<\/td>\n<td>1.39 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2039-03-04<br \/>\nMaturity Price  : 16.75<br \/>\nEvaluated at bid price : 16.75<br \/>\nBid-YTW : 6.82 %<\/td>\n<\/tr>\n<tr>\n<td>RY.PR.C<\/td>\n<td>Perpetual-Discount<\/td>\n<td>1.55 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2039-03-04<br \/>\nMaturity Price  : 16.35<br \/>\nEvaluated at bid price : 16.35<br \/>\nBid-YTW : 7.11 %<\/td>\n<\/tr>\n<tr>\n<td>IGM.PR.A<\/td>\n<td>OpRet<\/td>\n<td>1.64 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Soft Maturity<br \/>\nMaturity Date\t: 2013-06-29<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 25.06<br \/>\nBid-YTW : 5.61 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PR.K<\/td>\n<td>Floater<\/td>\n<td>1.77 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2039-03-04<br \/>\nMaturity Price  : 7.49<br \/>\nEvaluated at bid price : 7.49<br \/>\nBid-YTW : 5.95 %<\/td>\n<\/tr>\n<tr>\n<td>GWO.PR.I<\/td>\n<td>Perpetual-Discount<\/td>\n<td>2.15 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2039-03-04<br \/>\nMaturity Price  : 15.22<br \/>\nEvaluated at bid price : 15.22<br \/>\nBid-YTW : 7.41 %<\/td>\n<\/tr>\n<tr>\n<td>CM.PR.J<\/td>\n<td>Perpetual-Discount<\/td>\n<td>2.53 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2039-03-04<br \/>\nMaturity Price  : 15.00<br \/>\nEvaluated at bid price : 15.00<br \/>\nBid-YTW : 7.63 %<\/td>\n<\/tr>\n<tr>\n<td>HSB.PR.D<\/td>\n<td>Perpetual-Discount<\/td>\n<td>2.78 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2039-03-04<br \/>\nMaturity Price  : 17.00<br \/>\nEvaluated at bid price : 17.00<br \/>\nBid-YTW : 7.53 %<\/td>\n<\/tr>\n<tr>\n<td>BNS.PR.R<\/td>\n<td>FixedReset<\/td>\n<td>3.00 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2039-03-04<br \/>\nMaturity Price  : 20.60<br \/>\nEvaluated at bid price : 20.60<br \/>\nBid-YTW : 4.95 %<\/td>\n<\/tr>\n<tr>\n<td>CM.PR.E<\/td>\n<td>Perpetual-Discount<\/td>\n<td>3.26 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2039-03-04<br \/>\nMaturity Price  : 18.39<br \/>\nEvaluated at bid price : 18.39<br \/>\nBid-YTW : 7.75 %<\/td>\n<\/tr>\n<tr>\n<td>TD.PR.Y<\/td>\n<td>FixedReset<\/td>\n<td>3.70 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2039-03-04<br \/>\nMaturity Price  : 21.00<br \/>\nEvaluated at bid price : 21.00<br \/>\nBid-YTW : 4.67 %<\/td>\n<\/tr>\n<tr>\n<td>RY.PR.W<\/td>\n<td>Perpetual-Discount<\/td>\n<td>3.82 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2039-03-04<br \/>\nMaturity Price  : 18.49<br \/>\nEvaluated at bid price : 18.49<br \/>\nBid-YTW : 6.70 %<\/td>\n<\/tr>\n<tr>\n<td>BMO.PR.H<\/td>\n<td>Perpetual-Discount<\/td>\n<td>4.22 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2039-03-04<br \/>\nMaturity Price  : 19.50<br \/>\nEvaluated at bid price : 19.50<br \/>\nBid-YTW : 6.87 %<\/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>MFC.PR.D<\/td>\n<td>FixedReset<\/td>\n<td>541,409<\/td>\n<td><a href=\"http:\/\/www.prefblog.com\/?p=5755\">New issue settled today<\/a>.<br \/>\nYTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2039-03-04<br \/>\nMaturity Price  : 24.65<br \/>\nEvaluated at bid price : 24.70<br \/>\nBid-YTW : 6.56 %<\/td>\n<\/tr>\n<tr>\n<td>TD.PR.G<\/td>\n<td>FixedReset<\/td>\n<td>44,211<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2039-03-04<br \/>\nMaturity Price  : 25.13<br \/>\nEvaluated at bid price : 25.18<br \/>\nBid-YTW : 6.24 %<\/td>\n<\/tr>\n<tr>\n<td>CM.PR.I<\/td>\n<td>Perpetual-Discount<\/td>\n<td>39,262<\/td>\n<td>RBC crossed 20,700 at 15.15.<br \/>\nYTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2039-03-04<br \/>\nMaturity Price  : 15.50<br \/>\nEvaluated at bid price : 15.50<br \/>\nBid-YTW : 7.72 %<\/td>\n<\/tr>\n<tr>\n<td>RY.PR.D<\/td>\n<td>Perpetual-Discount<\/td>\n<td>31,980<\/td>\n<td>Raymond James bought 10,000 from Nesbitt at 16.00.<br \/>\nYTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2039-03-04<br \/>\nMaturity Price  : 15.98<br \/>\nEvaluated at bid price : 15.98<br \/>\nBid-YTW : 7.12 %<\/td>\n<\/tr>\n<tr>\n<td>BNS.PR.X<\/td>\n<td>FixedReset<\/td>\n<td>31,800<\/td>\n<td>National crossed 10,000 at 25.20.<br \/>\nYTW SCENARIO<br \/>\nMaturity Type   : Call<br \/>\nMaturity Date\t: 2014-05-25<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 25.17<br \/>\nBid-YTW : 6.27 %<\/td>\n<\/tr>\n<tr>\n<td>RY.PR.R<\/td>\n<td>FixedReset<\/td>\n<td>29,350<\/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 : 25.21<br \/>\nBid-YTW : 6.23 %<\/td>\n<\/tr>\n<tr>\n<td colspan='4'>There were 22 other index-included issues trading in excess of 10,000 shares.<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Sorry folks! Not much by way of commentary today! PerpetualDiscounts were off again to yield 7.46%, equivalent to 10.44% interest at the standard equivalency factor of 1.4x. Long Corporates continue to hold at 7.50%, so &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-5757","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/5757","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=5757"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/5757\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5757"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5757"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5757"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}