{"id":6115,"date":"2009-04-02T19:54:05","date_gmt":"2009-04-02T23:54:05","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=6115"},"modified":"2009-04-02T19:54:05","modified_gmt":"2009-04-02T23:54:05","slug":"april-2-2009","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=6115","title":{"rendered":"April 2, 2009"},"content":{"rendered":"

No commentary today! It must be quarter-end, or something!<\/p>\n

Whoosh-a-rama! PerpetualDiscounts rocketted up today and Fixed-Resets put up a very good show. CIU.PR.B at 26.75 bid, with a 5.22% YTW? The PerpetualDiscount CIU.PR.A closed at 17.21-18.25 today, yielding 6.78%-6.33% and I can no longer say (as I said when CIU.PR.B closed<\/a>) that the Fixed-Reset issue is still cheap! However, some may still be attracted by the now legitimate expectation of a five-year call.<\/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>\n1.1658 %<\/td>\n870.8<\/td>\n<\/tr>\n
FixedFloater<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n1.1658 %<\/td>\n1,408.3<\/td>\n<\/tr>\n
Floater<\/td>\n5.60 %<\/td>\n5.51 %<\/td>\n72,628<\/td>\n14.70<\/td>\n2<\/td>\n1.1658 %<\/td>\n1,087.9<\/td>\n<\/tr>\n
OpRet<\/td>\n5.19 %<\/td>\n4.73 %<\/td>\n135,395<\/td>\n3.87<\/td>\n15<\/td>\n0.3503 %<\/td>\n2,087.5<\/td>\n<\/tr>\n
SplitShare<\/td>\n7.07 %<\/td>\n13.01 %<\/td>\n47,274<\/td>\n5.66<\/td>\n3<\/td>\n-0.8114 %<\/td>\n1,635.7<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n6.12 %<\/td>\n8.58 %<\/td>\n31,203<\/td>\n0.72<\/td>\n1<\/td>\n0.9269 %<\/td>\n1,947.5<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n1.4848 %<\/td>\n1,553.1<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n6.99 %<\/td>\n7.13 %<\/td>\n152,913<\/td>\n12.42<\/td>\n71<\/td>\n1.4848 %<\/td>\n1,430.4<\/td>\n<\/tr>\n
FixedReset<\/td>\n6.04 %<\/td>\n5.79 %<\/td>\n741,277<\/td>\n13.57<\/td>\n33<\/td>\n0.5187 %<\/td>\n1,844.2<\/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\n\n\n
Performance Highlights<\/strong><\/td>\n<\/tr>\n
Issue<\/td>\nIndex<\/td>\nChange<\/td>\nNotes<\/td>\n<\/tr>\n
BNA.PR.A<\/td>\nSplitShare<\/td>\n-2.51 %<\/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 : 22.91
\nBid-YTW : 13.01 %<\/td>\n<\/tr>\n
ACO.PR.A<\/td>\nOpRet<\/td>\n-1.66 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2009-12-31
\nMaturity Price : 25.50
\nEvaluated at bid price : 26.11
\nBid-YTW : 3.05 %<\/td>\n<\/tr>\n
W.PR.J<\/td>\nPerpetual-Discount<\/td>\n-1.39 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-04-02
\nMaturity Price : 19.86
\nEvaluated at bid price : 19.86
\nBid-YTW : 7.09 %<\/td>\n<\/tr>\n
TCA.PR.X<\/td>\nPerpetual-Discount<\/td>\n1.02 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-04-02
\nMaturity Price : 45.01
\nEvaluated at bid price : 46.75
\nBid-YTW : 5.95 %<\/td>\n<\/tr>\n
IAG.PR.C<\/td>\nFixedReset<\/td>\n1.04 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-04-02
\nMaturity Price : 22.21
\nEvaluated at bid price : 22.25
\nBid-YTW : 6.11 %<\/td>\n<\/tr>\n
BNS.PR.Q<\/td>\nFixedReset<\/td>\n1.05 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-04-02
\nMaturity Price : 22.01
\nEvaluated at bid price : 22.06
\nBid-YTW : 4.36 %<\/td>\n<\/tr>\n
BAM.PR.K<\/td>\nFloater<\/td>\n1.06 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-04-02
\nMaturity Price : 7.62
\nEvaluated at bid price : 7.62
\nBid-YTW : 5.78 %<\/td>\n<\/tr>\n
CM.PR.K<\/td>\nFixedReset<\/td>\n1.14 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-04-02
\nMaturity Price : 22.21
\nEvaluated at bid price : 22.25
\nBid-YTW : 4.85 %<\/td>\n<\/tr>\n
BNS.PR.R<\/td>\nFixedReset<\/td>\n1.17 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-04-02
\nMaturity Price : 22.37
\nEvaluated at bid price : 22.41
\nBid-YTW : 4.47 %<\/td>\n<\/tr>\n
TD.PR.A<\/td>\nFixedReset<\/td>\n1.19 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-04-02
\nMaturity Price : 22.96
\nEvaluated at bid price : 23.00
\nBid-YTW : 4.44 %<\/td>\n<\/tr>\n
BNS.PR.K<\/td>\nPerpetual-Discount<\/td>\n1.22 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-04-02
\nMaturity Price : 18.20
\nEvaluated at bid price : 18.20
\nBid-YTW : 6.74 %<\/td>\n<\/tr>\n
BMO.PR.K<\/td>\nPerpetual-Discount<\/td>\n1.23 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-04-02
\nMaturity Price : 18.98
\nEvaluated at bid price : 18.98
\nBid-YTW : 7.03 %<\/td>\n<\/tr>\n
GWO.PR.G<\/td>\nPerpetual-Discount<\/td>\n1.25 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-04-02
\nMaturity Price : 17.82
\nEvaluated at bid price : 17.82
\nBid-YTW : 7.36 %<\/td>\n<\/tr>\n
HSB.PR.D<\/td>\nPerpetual-Discount<\/td>\n1.27 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-04-02
\nMaturity Price : 16.81
\nEvaluated at bid price : 16.81
\nBid-YTW : 7.51 %<\/td>\n<\/tr>\n
BAM.PR.B<\/td>\nFloater<\/td>\n1.27 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-04-02
\nMaturity Price : 8.00
\nEvaluated at bid price : 8.00
\nBid-YTW : 5.51 %<\/td>\n<\/tr>\n
CM.PR.I<\/td>\nPerpetual-Discount<\/td>\n1.30 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-04-02
\nMaturity Price : 16.31
\nEvaluated at bid price : 16.31
\nBid-YTW : 7.22 %<\/td>\n<\/tr>\n
GWO.PR.I<\/td>\nPerpetual-Discount<\/td>\n1.33 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-04-02
\nMaturity Price : 15.27
\nEvaluated at bid price : 15.27
\nBid-YTW : 7.44 %<\/td>\n<\/tr>\n
IAG.PR.A<\/td>\nPerpetual-Discount<\/td>\n1.36 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-04-02
\nMaturity Price : 14.96
\nEvaluated at bid price : 14.96
\nBid-YTW : 7.76 %<\/td>\n<\/tr>\n
HSB.PR.C<\/td>\nPerpetual-Discount<\/td>\n1.36 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-04-02
\nMaturity Price : 17.95
\nEvaluated at bid price : 17.95
\nBid-YTW : 7.17 %<\/td>\n<\/tr>\n
BAM.PR.J<\/td>\nOpRet<\/td>\n1.37 %<\/td>\nYTW SCENARIO
\nMaturity Type : Soft Maturity
\nMaturity Date\t: 2018-03-30
\nMaturity Price : 25.00
\nEvaluated at bid price : 18.50
\nBid-YTW : 9.90 %<\/td>\n<\/tr>\n
CM.PR.P<\/td>\nPerpetual-Discount<\/td>\n1.38 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-04-02
\nMaturity Price : 19.09
\nEvaluated at bid price : 19.09
\nBid-YTW : 7.22 %<\/td>\n<\/tr>\n
MFC.PR.D<\/td>\nFixedReset<\/td>\n1.43 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-04-02
\nMaturity Price : 24.85
\nEvaluated at bid price : 24.90
\nBid-YTW : 6.48 %<\/td>\n<\/tr>\n
NA.PR.L<\/td>\nPerpetual-Discount<\/td>\n1.44 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-04-02
\nMaturity Price : 17.61
\nEvaluated at bid price : 17.61
\nBid-YTW : 7.02 %<\/td>\n<\/tr>\n
CM.PR.H<\/td>\nPerpetual-Discount<\/td>\n1.45 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-04-02
\nMaturity Price : 16.78
\nEvaluated at bid price : 16.78
\nBid-YTW : 7.17 %<\/td>\n<\/tr>\n
RY.PR.G<\/td>\nPerpetual-Discount<\/td>\n1.48 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-04-02
\nMaturity Price : 17.13
\nEvaluated at bid price : 17.13
\nBid-YTW : 6.68 %<\/td>\n<\/tr>\n
CM.PR.G<\/td>\nPerpetual-Discount<\/td>\n1.57 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-04-02
\nMaturity Price : 18.82
\nEvaluated at bid price : 18.82
\nBid-YTW : 7.19 %<\/td>\n<\/tr>\n
BNS.PR.O<\/td>\nPerpetual-Discount<\/td>\n1.57 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-04-02
\nMaturity Price : 21.31
\nEvaluated at bid price : 21.31
\nBid-YTW : 6.71 %<\/td>\n<\/tr>\n
MFC.PR.B<\/td>\nPerpetual-Discount<\/td>\n1.58 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-04-02
\nMaturity Price : 16.07
\nEvaluated at bid price : 16.07
\nBid-YTW : 7.32 %<\/td>\n<\/tr>\n
BAM.PR.O<\/td>\nOpRet<\/td>\n1.58 %<\/td>\nYTW SCENARIO
\nMaturity Type : Option Certainty
\nMaturity Date\t: 2013-06-30
\nMaturity Price : 25.00
\nEvaluated at bid price : 21.85
\nBid-YTW : 8.67 %<\/td>\n<\/tr>\n
BNS.PR.L<\/td>\nPerpetual-Discount<\/td>\n1.59 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-04-02
\nMaturity Price : 17.20
\nEvaluated at bid price : 17.20
\nBid-YTW : 6.68 %<\/td>\n<\/tr>\n
RY.PR.D<\/td>\nPerpetual-Discount<\/td>\n1.60 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-04-02
\nMaturity Price : 17.13
\nEvaluated at bid price : 17.13
\nBid-YTW : 6.68 %<\/td>\n<\/tr>\n
BMO.PR.L<\/td>\nPerpetual-Discount<\/td>\n1.61 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-04-02
\nMaturity Price : 20.88
\nEvaluated at bid price : 20.88
\nBid-YTW : 7.06 %<\/td>\n<\/tr>\n
TD.PR.P<\/td>\nPerpetual-Discount<\/td>\n1.62 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-04-02
\nMaturity Price : 20.05
\nEvaluated at bid price : 20.05
\nBid-YTW : 6.69 %<\/td>\n<\/tr>\n
BMO.PR.H<\/td>\nPerpetual-Discount<\/td>\n1.63 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-04-02
\nMaturity Price : 19.90
\nEvaluated at bid price : 19.90
\nBid-YTW : 6.77 %<\/td>\n<\/tr>\n
PWF.PR.F<\/td>\nPerpetual-Discount<\/td>\n1.66 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-04-02
\nMaturity Price : 18.41
\nEvaluated at bid price : 18.41
\nBid-YTW : 7.30 %<\/td>\n<\/tr>\n
ELF.PR.F<\/td>\nPerpetual-Discount<\/td>\n1.68 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-04-02
\nMaturity Price : 15.10
\nEvaluated at bid price : 15.10
\nBid-YTW : 8.84 %<\/td>\n<\/tr>\n
SLF.PR.B<\/td>\nPerpetual-Discount<\/td>\n1.70 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-04-02
\nMaturity Price : 16.14
\nEvaluated at bid price : 16.14
\nBid-YTW : 7.51 %<\/td>\n<\/tr>\n
GWO.PR.H<\/td>\nPerpetual-Discount<\/td>\n1.72 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-04-02
\nMaturity Price : 16.53
\nEvaluated at bid price : 16.53
\nBid-YTW : 7.40 %<\/td>\n<\/tr>\n
CM.PR.E<\/td>\nPerpetual-Discount<\/td>\n1.73 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-04-02
\nMaturity Price : 19.42
\nEvaluated at bid price : 19.42
\nBid-YTW : 7.23 %<\/td>\n<\/tr>\n
RY.PR.H<\/td>\nPerpetual-Discount<\/td>\n1.84 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-04-02
\nMaturity Price : 22.02
\nEvaluated at bid price : 22.11
\nBid-YTW : 6.49 %<\/td>\n<\/tr>\n
POW.PR.C<\/td>\nPerpetual-Discount<\/td>\n1.95 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-04-02
\nMaturity Price : 19.31
\nEvaluated at bid price : 19.31
\nBid-YTW : 7.56 %<\/td>\n<\/tr>\n
RY.PR.E<\/td>\nPerpetual-Discount<\/td>\n2.08 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-04-02
\nMaturity Price : 17.20
\nEvaluated at bid price : 17.20
\nBid-YTW : 6.65 %<\/td>\n<\/tr>\n
BNA.PR.C<\/td>\nSplitShare<\/td>\n2.11 %<\/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: 2019-01-10
\nMaturity Price : 25.00
\nEvaluated at bid price : 11.60
\nBid-YTW : 15.19 %<\/td>\n<\/tr>\n
BNS.PR.M<\/td>\nPerpetual-Discount<\/td>\n2.20 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-04-02
\nMaturity Price : 17.19
\nEvaluated at bid price : 17.19
\nBid-YTW : 6.69 %<\/td>\n<\/tr>\n
CM.PR.J<\/td>\nPerpetual-Discount<\/td>\n2.27 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-04-02
\nMaturity Price : 15.80
\nEvaluated at bid price : 15.80
\nBid-YTW : 7.14 %<\/td>\n<\/tr>\n
SLF.PR.E<\/td>\nPerpetual-Discount<\/td>\n2.29 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-04-02
\nMaturity Price : 15.21
\nEvaluated at bid price : 15.21
\nBid-YTW : 7.47 %<\/td>\n<\/tr>\n
PWF.PR.L<\/td>\nPerpetual-Discount<\/td>\n2.34 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-04-02
\nMaturity Price : 17.48
\nEvaluated at bid price : 17.48
\nBid-YTW : 7.47 %<\/td>\n<\/tr>\n
BAM.PR.M<\/td>\nPerpetual-Discount<\/td>\n2.37 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-04-02
\nMaturity Price : 13.38
\nEvaluated at bid price : 13.38
\nBid-YTW : 8.98 %<\/td>\n<\/tr>\n
CIU.PR.B<\/td>\nFixedReset<\/td>\n2.45 %<\/td>\nAt these prices, holders are justified in assigning a high probability to a five-year call!
\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2014-07-01
\nMaturity Price : 25.00
\nEvaluated at bid price : 26.75
\nBid-YTW : 5.22 %<\/td>\n<\/tr>\n
BAM.PR.I<\/td>\nOpRet<\/td>\n2.52 %<\/td>\nYTW SCENARIO
\nMaturity Type : Soft Maturity
\nMaturity Date\t: 2013-12-30
\nMaturity Price : 25.00
\nEvaluated at bid price : 22.35
\nBid-YTW : 8.31 %<\/td>\n<\/tr>\n
PWF.PR.H<\/td>\nPerpetual-Discount<\/td>\n2.60 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-04-02
\nMaturity Price : 19.75
\nEvaluated at bid price : 19.75
\nBid-YTW : 7.45 %<\/td>\n<\/tr>\n
RY.PR.C<\/td>\nPerpetual-Discount<\/td>\n2.73 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-04-02
\nMaturity Price : 17.70
\nEvaluated at bid price : 17.70
\nBid-YTW : 6.61 %<\/td>\n<\/tr>\n
POW.PR.A<\/td>\nPerpetual-Discount<\/td>\n2.81 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-04-02
\nMaturity Price : 19.02
\nEvaluated at bid price : 19.02
\nBid-YTW : 7.41 %<\/td>\n<\/tr>\n
SLF.PR.A<\/td>\nPerpetual-Discount<\/td>\n2.85 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-04-02
\nMaturity Price : 16.25
\nEvaluated at bid price : 16.25
\nBid-YTW : 7.38 %<\/td>\n<\/tr>\n
RY.PR.B<\/td>\nPerpetual-Discount<\/td>\n2.85 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-04-02
\nMaturity Price : 18.41
\nEvaluated at bid price : 18.41
\nBid-YTW : 6.49 %<\/td>\n<\/tr>\n
PWF.PR.E<\/td>\nPerpetual-Discount<\/td>\n2.96 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-04-02
\nMaturity Price : 19.15
\nEvaluated at bid price : 19.15
\nBid-YTW : 7.35 %<\/td>\n<\/tr>\n
GWO.PR.F<\/td>\nPerpetual-Discount<\/td>\n3.02 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-04-02
\nMaturity Price : 20.50
\nEvaluated at bid price : 20.50
\nBid-YTW : 7.26 %<\/td>\n<\/tr>\n
POW.PR.B<\/td>\nPerpetual-Discount<\/td>\n3.43 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-04-02
\nMaturity Price : 18.11
\nEvaluated at bid price : 18.11
\nBid-YTW : 7.43 %<\/td>\n<\/tr>\n
SLF.PR.D<\/td>\nPerpetual-Discount<\/td>\n3.52 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-04-02
\nMaturity Price : 15.28
\nEvaluated at bid price : 15.28
\nBid-YTW : 7.35 %<\/td>\n<\/tr>\n
SLF.PR.C<\/td>\nPerpetual-Discount<\/td>\n3.53 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-04-02
\nMaturity Price : 15.25
\nEvaluated at bid price : 15.25
\nBid-YTW : 7.36 %<\/td>\n<\/tr>\n
POW.PR.D<\/td>\nPerpetual-Discount<\/td>\n3.76 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-04-02
\nMaturity Price : 17.10
\nEvaluated at bid price : 17.10
\nBid-YTW : 7.36 %<\/td>\n<\/tr>\n
RY.PR.A<\/td>\nPerpetual-Discount<\/td>\n4.22 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-04-02
\nMaturity Price : 18.01
\nEvaluated at bid price : 18.01
\nBid-YTW : 6.28 %<\/td>\n<\/tr>\n
MFC.PR.C<\/td>\nPerpetual-Discount<\/td>\n7.30 %<\/td>\nNot a lot of volume, but those who bought were highly motivated! Traded 6,897 shares in a range of 15.35-20 before closing at 16.16-20, 1×8.
\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-04-02
\nMaturity Price : 16.16
\nEvaluated at bid price : 16.16
\nBid-YTW : 7.04 %<\/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.X<\/td>\nFixedReset<\/td>\n301,086<\/td>\nRecent new issue<\/a>.
\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-04-02
\nMaturity Price : 23.16
\nEvaluated at bid price : 25.07
\nBid-YTW : 6.10 %<\/td>\n<\/tr>\n
TD.PR.I<\/td>\nFixedReset<\/td>\n68,965<\/td>\nRecent new issue<\/a>.
\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-04-02
\nMaturity Price : 25.27
\nEvaluated at bid price : 25.32
\nBid-YTW : 5.98 %<\/td>\n<\/tr>\n
MFC.PR.D<\/td>\nFixedReset<\/td>\n46,255<\/td>\nRecent new issue<\/a>.
\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-04-02
\nMaturity Price : 24.85
\nEvaluated at bid price : 24.90
\nBid-YTW : 6.48 %<\/td>\n<\/tr>\n
BNS.PR.O<\/td>\nPerpetual-Discount<\/td>\n39,109<\/td>\nTD crossed 25,100 at 21.25.
\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-04-02
\nMaturity Price : 21.31
\nEvaluated at bid price : 21.31
\nBid-YTW : 6.71 %<\/td>\n<\/tr>\n
CIU.PR.B<\/td>\nFixedReset<\/td>\n35,502<\/td>\nRecent new issue<\/a>.
\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2014-07-01
\nMaturity Price : 25.00
\nEvaluated at bid price : 26.75
\nBid-YTW : 5.22 %<\/td>\n<\/tr>\n
ELF.PR.F<\/td>\nPerpetual-Discount<\/td>\n35,100<\/td>\nDesjardins sold 10,000 to Bolder Investment Partners (who?) at 15.00, then crossed 20,200 at the same price.
\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-04-02
\nMaturity Price : 15.10
\nEvaluated at bid price : 15.10
\nBid-YTW : 8.84 %<\/td>\n<\/tr>\n
There were 30 other index-included issues trading in excess of 10,000 shares.<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

No commentary today! It must be quarter-end, or something! Whoosh-a-rama! PerpetualDiscounts rocketted up today and Fixed-Resets put up a very good show. CIU.PR.B at 26.75 bid, with a 5.22% YTW? The PerpetualDiscount CIU.PR.A closed at …<\/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-6115","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/6115","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=6115"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/6115\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6115"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6115"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6115"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}