{"id":5817,"date":"2009-03-09T19:23:38","date_gmt":"2009-03-09T23:23:38","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=5817"},"modified":"2009-03-09T19:23:38","modified_gmt":"2009-03-09T23:23:38","slug":"march-9-2009","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=5817","title":{"rendered":"March 9, 2009"},"content":{"rendered":"

Not a fun day for preferreds, with PerpetualDiscounts getting hammered … although not quite as badly as on March 5<\/a>. They are now down 5.19% for March to date.<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n
HIMIPref™ Preferred Indices
These values reflect the December 2008 revision of the HIMIPref™ Indices<\/strong>
Values are provisional and are finalized monthly<\/td>\n<\/tr>\n
Index<\/td>\nMean
Current
Yield
(at bid)<\/td>\n		Median
YTW<\/td>\n		Median
Average
Trading
Value<\/td>\n		Median
Mod Dur
(YTW)<\/td>\n		Issues<\/td>\nDay’s Perf.<\/td>\nIndex Value<\/td>\n<\/tr>\n
Ratchet<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-5.5910 %<\/td>\n747.4<\/td>\n<\/tr>\n
FixedFloater<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-5.5910 %<\/td>\n1,208.8<\/td>\n<\/tr>\n
Floater<\/td>\n5.22 %<\/td>\n6.37 %<\/td>\n64,032<\/td>\n13.25<\/td>\n3<\/td>\n-5.5910 %<\/td>\n933.8<\/td>\n<\/tr>\n
OpRet<\/td>\n5.31 %<\/td>\n5.35 %<\/td>\n144,733<\/td>\n3.92<\/td>\n15<\/td>\n-0.4499 %<\/td>\n2,029.1<\/td>\n<\/tr>\n
SplitShare<\/td>\n7.07 %<\/td>\n9.24 %<\/td>\n55,968<\/td>\n4.82<\/td>\n6<\/td>\n-1.3028 %<\/td>\n1,569.0<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n6.24 %<\/td>\n12.46 %<\/td>\n39,057<\/td>\n0.77<\/td>\n1<\/td>\n2.7807 %<\/td>\n1,880.7<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-1.2554 %<\/td>\n1,422.7<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n7.59 %<\/td>\n7.60 %<\/td>\n168,311<\/td>\n11.80<\/td>\n71<\/td>\n-1.2554 %<\/td>\n1,310.3<\/td>\n<\/tr>\n
FixedReset<\/td>\n6.25 %<\/td>\n5.92 %<\/td>\n700,233<\/td>\n13.67<\/td>\n31<\/td>\n-0.5234 %<\/td>\n1,770.6<\/td>\n<\/tr>\n<\/table>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Performance Highlights<\/strong><\/td>\n<\/tr>\n
Issue<\/td>\nIndex<\/td>\nChange<\/td>\nNotes<\/td>\n<\/tr>\n
PWF.PR.A<\/td>\nFloater<\/td>\n-12.08 %<\/td>\nNot nearly as bad as it looks … but there are no bids! This traded 1,700 shares, in a single trade at 12.75, before closing at 11.21-12.75 (!), 2×3.
\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-03-09
\nMaturity Price : 11.21
\nEvaluated at bid price : 11.21
\nBid-YTW : 3.93 %<\/td>\n<\/tr>\n
MFC.PR.C<\/td>\nPerpetual-Discount<\/td>\n-7.78 %<\/td>\nWhoosh! Traded 12,680 shares in a range of 13.11-86 before closing at 13.03-39, 5×4. YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-03-09
\nMaturity Price : 13.03
\nEvaluated at bid price : 13.03
\nBid-YTW : 8.70 %<\/td>\n<\/tr>\n
GWO.PR.G<\/td>\nPerpetual-Discount<\/td>\n-5.64 %<\/td>\nNot as bad as it looks … but close! Traded 10,093 shares in a range of 15.12-67 before closing at 14.88-10, 4×6.
\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-03-09
\nMaturity Price : 14.88
\nEvaluated at bid price : 14.88
\nBid-YTW : 8.78 %<\/td>\n<\/tr>\n
RY.PR.W<\/td>\nPerpetual-Discount<\/td>\n-4.92 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-03-09
\nMaturity Price : 17.41
\nEvaluated at bid price : 17.41
\nBid-YTW : 7.12 %<\/td>\n<\/tr>\n
ELF.PR.F<\/td>\nPerpetual-Discount<\/td>\n-4.45 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-03-09
\nMaturity Price : 14.18
\nEvaluated at bid price : 14.18
\nBid-YTW : 9.59 %<\/td>\n<\/tr>\n
BMO.PR.H<\/td>\nPerpetual-Discount<\/td>\n-3.85 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-03-09
\nMaturity Price : 18.00
\nEvaluated at bid price : 18.00
\nBid-YTW : 7.45 %<\/td>\n<\/tr>\n
BNA.PR.A<\/td>\nSplitShare<\/td>\n-3.80 %<\/td>\nAsset coverage of 1.7-:1 as of February 28, according to the company<\/a>.
\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2010-09-30
\nMaturity Price : 25.00
\nEvaluated at bid price : 22.80
\nBid-YTW : 12.76 %<\/td>\n<\/tr>\n
CM.PR.K<\/td>\nFixedReset<\/td>\n-3.67 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-03-09
\nMaturity Price : 21.00
\nEvaluated at bid price : 21.00
\nBid-YTW : 5.23 %<\/td>\n<\/tr>\n
CM.PR.H<\/td>\nPerpetual-Discount<\/td>\n-3.49 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-03-09
\nMaturity Price : 15.20
\nEvaluated at bid price : 15.20
\nBid-YTW : 8.05 %<\/td>\n<\/tr>\n
CU.PR.A<\/td>\nPerpetual-Discount<\/td>\n-3.40 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-03-09
\nMaturity Price : 21.00
\nEvaluated at bid price : 21.00
\nBid-YTW : 6.98 %<\/td>\n<\/tr>\n
RY.PR.L<\/td>\nFixedReset<\/td>\n-3.39 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-03-09
\nMaturity Price : 22.76
\nEvaluated at bid price : 22.80
\nBid-YTW : 5.19 %<\/td>\n<\/tr>\n
W.PR.J<\/td>\nPerpetual-Discount<\/td>\n-3.37 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-03-09
\nMaturity Price : 18.90
\nEvaluated at bid price : 18.90
\nBid-YTW : 7.57 %<\/td>\n<\/tr>\n
MFC.PR.B<\/td>\nPerpetual-Discount<\/td>\n-3.33 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-03-09
\nMaturity Price : 14.50
\nEvaluated at bid price : 14.50
\nBid-YTW : 8.08 %<\/td>\n<\/tr>\n
PWF.PR.E<\/td>\nPerpetual-Discount<\/td>\n-3.32 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-03-09
\nMaturity Price : 16.02
\nEvaluated at bid price : 16.02
\nBid-YTW : 8.76 %<\/td>\n<\/tr>\n
SLF.PR.D<\/td>\nPerpetual-Discount<\/td>\n-3.15 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-03-09
\nMaturity Price : 12.60
\nEvaluated at bid price : 12.60
\nBid-YTW : 8.87 %<\/td>\n<\/tr>\n
POW.PR.A<\/td>\nPerpetual-Discount<\/td>\n-3.12 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-03-09
\nMaturity Price : 16.76
\nEvaluated at bid price : 16.76
\nBid-YTW : 8.56 %<\/td>\n<\/tr>\n
LFE.PR.A<\/td>\nSplitShare<\/td>\n-3.04 %<\/td>\nAsset coverage of 1.0+:1 as of February 27, according to the company<\/a>.
\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2012-12-01
\nMaturity Price : 10.00
\nEvaluated at bid price : 5.75
\nBid-YTW : 23.08 %<\/td>\n<\/tr>\n
PWF.PR.L<\/td>\nPerpetual-Discount<\/td>\n-2.88 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-03-09
\nMaturity Price : 15.15
\nEvaluated at bid price : 15.15
\nBid-YTW : 8.59 %<\/td>\n<\/tr>\n
CM.PR.E<\/td>\nPerpetual-Discount<\/td>\n-2.82 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-03-09
\nMaturity Price : 17.58
\nEvaluated at bid price : 17.58
\nBid-YTW : 8.12 %<\/td>\n<\/tr>\n
CM.PR.P<\/td>\nPerpetual-Discount<\/td>\n-2.79 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-03-09
\nMaturity Price : 17.41
\nEvaluated at bid price : 17.41
\nBid-YTW : 8.06 %<\/td>\n<\/tr>\n
SLF.PR.E<\/td>\nPerpetual-Discount<\/td>\n-2.74 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-03-09
\nMaturity Price : 12.79
\nEvaluated at bid price : 12.79
\nBid-YTW : 8.84 %<\/td>\n<\/tr>\n
SLF.PR.C<\/td>\nPerpetual-Discount<\/td>\n-2.73 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-03-09
\nMaturity Price : 12.84
\nEvaluated at bid price : 12.84
\nBid-YTW : 8.71 %<\/td>\n<\/tr>\n
GWO.PR.I<\/td>\nPerpetual-Discount<\/td>\n-2.71 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-03-09
\nMaturity Price : 14.02
\nEvaluated at bid price : 14.02
\nBid-YTW : 8.06 %<\/td>\n<\/tr>\n
PWF.PR.G<\/td>\nPerpetual-Discount<\/td>\n-2.70 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-03-09
\nMaturity Price : 18.00
\nEvaluated at bid price : 18.00
\nBid-YTW : 8.36 %<\/td>\n<\/tr>\n
CU.PR.B<\/td>\nPerpetual-Discount<\/td>\n-2.65 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-03-09
\nMaturity Price : 21.73
\nEvaluated at bid price : 22.00
\nBid-YTW : 6.87 %<\/td>\n<\/tr>\n
BMO.PR.J<\/td>\nPerpetual-Discount<\/td>\n-2.47 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-03-09
\nMaturity Price : 14.99
\nEvaluated at bid price : 14.99
\nBid-YTW : 7.60 %<\/td>\n<\/tr>\n
BNS.PR.N<\/td>\nPerpetual-Discount<\/td>\n-2.35 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-03-09
\nMaturity Price : 18.26
\nEvaluated at bid price : 18.26
\nBid-YTW : 7.32 %<\/td>\n<\/tr>\n
BNS.PR.Q<\/td>\nFixedReset<\/td>\n-2.33 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-03-09
\nMaturity Price : 21.00
\nEvaluated at bid price : 21.00
\nBid-YTW : 4.56 %<\/td>\n<\/tr>\n
GWO.PR.J<\/td>\nFixedReset<\/td>\n-2.18 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-03-09
\nMaturity Price : 22.86
\nEvaluated at bid price : 22.90
\nBid-YTW : 5.57 %<\/td>\n<\/tr>\n
TD.PR.A<\/td>\nFixedReset<\/td>\n-2.02 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-03-09
\nMaturity Price : 21.76
\nEvaluated at bid price : 21.80
\nBid-YTW : 4.64 %<\/td>\n<\/tr>\n
BNA.PR.C<\/td>\nSplitShare<\/td>\n-1.94 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2019-01-10
\nMaturity Price : 25.00
\nEvaluated at bid price : 10.60
\nBid-YTW : 16.45 %<\/td>\n<\/tr>\n
BAM.PR.O<\/td>\nOpRet<\/td>\n-1.89 %<\/td>\nYTW SCENARIO
\nMaturity Type : Option Certainty
\nMaturity Date\t: 2013-06-30
\nMaturity Price : 25.00
\nEvaluated at bid price : 20.75
\nBid-YTW : 10.33 %<\/td>\n<\/tr>\n
ELF.PR.G<\/td>\nPerpetual-Discount<\/td>\n-1.85 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-03-09
\nMaturity Price : 13.27
\nEvaluated at bid price : 13.27
\nBid-YTW : 9.18 %<\/td>\n<\/tr>\n
CM.PR.I<\/td>\nPerpetual-Discount<\/td>\n-1.84 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-03-09
\nMaturity Price : 14.93
\nEvaluated at bid price : 14.93
\nBid-YTW : 8.03 %<\/td>\n<\/tr>\n
CM.PR.J<\/td>\nPerpetual-Discount<\/td>\n-1.69 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-03-09
\nMaturity Price : 14.50
\nEvaluated at bid price : 14.50
\nBid-YTW : 7.91 %<\/td>\n<\/tr>\n
GWO.PR.H<\/td>\nPerpetual-Discount<\/td>\n-1.69 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-03-09
\nMaturity Price : 14.55
\nEvaluated at bid price : 14.55
\nBid-YTW : 8.37 %<\/td>\n<\/tr>\n
RY.PR.D<\/td>\nPerpetual-Discount<\/td>\n-1.63 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-03-09
\nMaturity Price : 15.65
\nEvaluated at bid price : 15.65
\nBid-YTW : 7.28 %<\/td>\n<\/tr>\n
TD.PR.O<\/td>\nPerpetual-Discount<\/td>\n-1.54 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-03-09
\nMaturity Price : 17.25
\nEvaluated at bid price : 17.25
\nBid-YTW : 7.15 %<\/td>\n<\/tr>\n
BAM.PR.J<\/td>\nOpRet<\/td>\n-1.52 %<\/td>\nYTW SCENARIO
\nMaturity Type : Soft Maturity
\nMaturity Date\t: 2018-03-30
\nMaturity Price : 25.00
\nEvaluated at bid price : 18.12
\nBid-YTW : 10.41 %<\/td>\n<\/tr>\n
CM.PR.G<\/td>\nPerpetual-Discount<\/td>\n-1.51 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-03-09
\nMaturity Price : 16.99
\nEvaluated at bid price : 16.99
\nBid-YTW : 8.11 %<\/td>\n<\/tr>\n
BAM.PR.H<\/td>\nOpRet<\/td>\n-1.51 %<\/td>\nYTW SCENARIO
\nMaturity Type : Soft Maturity
\nMaturity Date\t: 2012-03-30
\nMaturity Price : 25.00
\nEvaluated at bid price : 22.90
\nBid-YTW : 9.46 %<\/td>\n<\/tr>\n
CM.PR.D<\/td>\nPerpetual-Discount<\/td>\n-1.47 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-03-09
\nMaturity Price : 18.75
\nEvaluated at bid price : 18.75
\nBid-YTW : 7.82 %<\/td>\n<\/tr>\n
HSB.PR.C<\/td>\nPerpetual-Discount<\/td>\n-1.43 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-03-09
\nMaturity Price : 17.20
\nEvaluated at bid price : 17.20
\nBid-YTW : 7.60 %<\/td>\n<\/tr>\n
W.PR.H<\/td>\nPerpetual-Discount<\/td>\n-1.42 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-03-09
\nMaturity Price : 18.75
\nEvaluated at bid price : 18.75
\nBid-YTW : 7.49 %<\/td>\n<\/tr>\n
BMO.PR.K<\/td>\nPerpetual-Discount<\/td>\n-1.33 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-03-09
\nMaturity Price : 17.12
\nEvaluated at bid price : 17.12
\nBid-YTW : 7.77 %<\/td>\n<\/tr>\n
BNS.PR.M<\/td>\nPerpetual-Discount<\/td>\n-1.31 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-03-09
\nMaturity Price : 15.82
\nEvaluated at bid price : 15.82
\nBid-YTW : 7.24 %<\/td>\n<\/tr>\n
MFC.PR.A<\/td>\nOpRet<\/td>\n-1.24 %<\/td>\nYTW SCENARIO
\nMaturity Type : Soft Maturity
\nMaturity Date\t: 2015-12-18
\nMaturity Price : 25.00
\nEvaluated at bid price : 23.80
\nBid-YTW : 4.95 %<\/td>\n<\/tr>\n
MFC.PR.D<\/td>\nFixedReset<\/td>\n-1.24 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-03-09
\nMaturity Price : 23.76
\nEvaluated at bid price : 23.80
\nBid-YTW : 6.74 %<\/td>\n<\/tr>\n
BAM.PR.N<\/td>\nPerpetual-Discount<\/td>\n-1.19 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-03-09
\nMaturity Price : 12.45
\nEvaluated at bid price : 12.45
\nBid-YTW : 9.84 %<\/td>\n<\/tr>\n
RY.PR.A<\/td>\nPerpetual-Discount<\/td>\n-1.18 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-03-09
\nMaturity Price : 15.91
\nEvaluated at bid price : 15.91
\nBid-YTW : 7.08 %<\/td>\n<\/tr>\n
RY.PR.I<\/td>\nFixedReset<\/td>\n-1.12 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-03-09
\nMaturity Price : 21.96
\nEvaluated at bid price : 22.00
\nBid-YTW : 4.55 %<\/td>\n<\/tr>\n
RY.PR.B<\/td>\nPerpetual-Discount<\/td>\n-1.04 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-03-09
\nMaturity Price : 16.21
\nEvaluated at bid price : 16.21
\nBid-YTW : 7.34 %<\/td>\n<\/tr>\n
NA.PR.N<\/td>\nFixedReset<\/td>\n1.03 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-03-09
\nMaturity Price : 22.44
\nEvaluated at bid price : 22.50
\nBid-YTW : 4.62 %<\/td>\n<\/tr>\n
TD.PR.R<\/td>\nPerpetual-Discount<\/td>\n1.17 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-03-09
\nMaturity Price : 19.95
\nEvaluated at bid price : 19.95
\nBid-YTW : 7.14 %<\/td>\n<\/tr>\n
PWF.PR.F<\/td>\nPerpetual-Discount<\/td>\n1.26 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-03-09
\nMaturity Price : 16.05
\nEvaluated at bid price : 16.05
\nBid-YTW : 8.34 %<\/td>\n<\/tr>\n
BMO.PR.M<\/td>\nFixedReset<\/td>\n1.42 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-03-09
\nMaturity Price : 20.75
\nEvaluated at bid price : 20.75
\nBid-YTW : 4.52 %<\/td>\n<\/tr>\n
BAM.PR.B<\/td>\nFloater<\/td>\n1.45 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-03-09
\nMaturity Price : 7.00
\nEvaluated at bid price : 7.00
\nBid-YTW : 6.37 %<\/td>\n<\/tr>\n
PWF.PR.K<\/td>\nPerpetual-Discount<\/td>\n1.75 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-03-09
\nMaturity Price : 14.50
\nEvaluated at bid price : 14.50
\nBid-YTW : 8.71 %<\/td>\n<\/tr>\n
POW.PR.B<\/td>\nPerpetual-Discount<\/td>\n2.68 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-03-09
\nMaturity Price : 16.49
\nEvaluated at bid price : 16.49
\nBid-YTW : 8.30 %<\/td>\n<\/tr>\n
STW.PR.A<\/td>\nInterest-Bearing<\/td>\n2.78 %<\/td>\nAsset coverage of 1.4+:1 as of March 5, based on Capital Unit NAV of 2.02<\/a>. and 1.99 Capital Units per Preferred<\/a>.
\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2009-12-31
\nMaturity Price : 10.00
\nEvaluated at bid price : 9.61
\nBid-YTW : 12.46 %<\/td>\n<\/tr>\n<\/table>\n\n\n\n\n\n\n\n\n\n\n
Volume Highlights<\/strong><\/td>\n<\/tr>\n
Issue<\/td>\nIndex<\/td>\nShares
Traded<\/td>\n		Notes<\/td>\n<\/tr>\n
RY.PR.T<\/td>\nFixedReset<\/td>\n361,250<\/td>\nNew issue settled today<\/a>.
\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-03-09
\nMaturity Price : 23.05
\nEvaluated at bid price : 24.76
\nBid-YTW : 5.92 %<\/td>\n<\/tr>\n
TD.PR.I<\/td>\nFixedReset<\/td>\n103,495<\/td>\nRecent new issue<\/a>.
\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-03-09
\nMaturity Price : 23.07
\nEvaluated at bid price : 24.83
\nBid-YTW : 5.97 %<\/td>\n<\/tr>\n
BNS.PR.T<\/td>\nFixedReset<\/td>\n87,120<\/td>\nTD bought two blocks from RBC: 16,700 at 25.06 and 19,600 at 25.03.
\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-03-09
\nMaturity Price : 24.96
\nEvaluated at bid price : 25.01
\nBid-YTW : 6.05 %<\/td>\n<\/tr>\n
CM.PR.M<\/td>\nFixedReset<\/td>\n48,510<\/td>\nRecent new issue<\/a>.
\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-03-09
\nMaturity Price : 23.05
\nEvaluated at bid price : 24.75
\nBid-YTW : 6.20 %<\/td>\n<\/tr>\n
RY.PR.R<\/td>\nFixedReset<\/td>\n45,184<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2014-03-26
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.29
\nBid-YTW : 6.17 %<\/td>\n<\/tr>\n
MFC.PR.D<\/td>\nFixedReset<\/td>\n36,505<\/td>\nRecent new issue<\/a>.
\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-03-09
\nMaturity Price : 23.76
\nEvaluated at bid price : 23.80
\nBid-YTW : 6.74 %<\/td>\n<\/tr>\n
There were 22 other index-included issues trading in excess of 10,000 shares.<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Not a fun day for preferreds, with PerpetualDiscounts getting hammered … although not quite as badly as on March 5. They are now down 5.19% for March to date. HIMIPref™ Preferred IndicesThese values reflect the …<\/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-5817","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/5817","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=5817"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/5817\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5817"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5817"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5817"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}