{"id":6294,"date":"2009-04-22T22:10:14","date_gmt":"2009-04-23T02:10:14","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=6294"},"modified":"2009-04-22T22:10:14","modified_gmt":"2009-04-23T02:10:14","slug":"april-22-2009","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=6294","title":{"rendered":"April 22, 2009"},"content":{"rendered":"

Sorry, folks! This is a busy time, so there’s no commentary.<\/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-0.2919 %<\/td>\n952.2<\/td>\n<\/tr>\n
FixedFloater<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.2919 %<\/td>\n1,539.9<\/td>\n<\/tr>\n
Floater<\/td>\n4.61 %<\/td>\n4.64 %<\/td>\n71,000<\/td>\n16.16<\/td>\n2<\/td>\n-0.2919 %<\/td>\n1,189.6<\/td>\n<\/tr>\n
OpRet<\/td>\n5.10 %<\/td>\n4.35 %<\/td>\n145,720<\/td>\n3.71<\/td>\n15<\/td>\n-0.0080 %<\/td>\n2,134.2<\/td>\n<\/tr>\n
SplitShare<\/td>\n6.65 %<\/td>\n8.83 %<\/td>\n47,374<\/td>\n5.63<\/td>\n3<\/td>\n0.2745 %<\/td>\n1,738.0<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n6.12 %<\/td>\n9.13 %<\/td>\n26,737<\/td>\n0.67<\/td>\n1<\/td>\n0.5123 %<\/td>\n1,949.5<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.1676 %<\/td>\n1,633.5<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n6.69 %<\/td>\n6.80 %<\/td>\n146,221<\/td>\n12.82<\/td>\n71<\/td>\n0.1676 %<\/td>\n1,504.4<\/td>\n<\/tr>\n
FixedReset<\/td>\n5.94 %<\/td>\n5.30 %<\/td>\n666,363<\/td>\n4.57<\/td>\n35<\/td>\n0.3941 %<\/td>\n1,903.5<\/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
Performance Highlights<\/strong><\/td>\n<\/tr>\n
Issue<\/td>\nIndex<\/td>\nChange<\/td>\nNotes<\/td>\n<\/tr>\n
MFC.PR.B<\/td>\nPerpetual-Discount<\/td>\n-2.42 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-04-22
\nMaturity Price : 17.32
\nEvaluated at bid price : 17.32
\nBid-YTW : 6.82 %<\/td>\n<\/tr>\n
CM.PR.A<\/td>\nOpRet<\/td>\n-1.84 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2009-05-22
\nMaturity Price : 25.50
\nEvaluated at bid price : 25.56
\nBid-YTW : 0.94 %<\/td>\n<\/tr>\n
BMO.PR.M<\/td>\nFixedReset<\/td>\n-1.73 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-04-22
\nMaturity Price : 23.76
\nEvaluated at bid price : 23.83
\nBid-YTW : 3.99 %<\/td>\n<\/tr>\n
BAM.PR.J<\/td>\nOpRet<\/td>\n-1.18 %<\/td>\nYTW SCENARIO
\nMaturity Type : Soft Maturity
\nMaturity Date\t: 2018-03-30
\nMaturity Price : 25.00
\nEvaluated at bid price : 21.00
\nBid-YTW : 8.05 %<\/td>\n<\/tr>\n
NA.PR.N<\/td>\nFixedReset<\/td>\n-1.14 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-04-22
\nMaturity Price : 24.16
\nEvaluated at bid price : 24.23
\nBid-YTW : 4.27 %<\/td>\n<\/tr>\n
CM.PR.D<\/td>\nPerpetual-Discount<\/td>\n-1.11 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-04-22
\nMaturity Price : 20.58
\nEvaluated at bid price : 20.58
\nBid-YTW : 7.03 %<\/td>\n<\/tr>\n
BNA.PR.C<\/td>\nSplitShare<\/td>\n1.25 %<\/td>\nAsset coverage of 1.7+:1 as of March 31, 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 : 12.98
\nBid-YTW : 13.58 %<\/td>\n<\/tr>\n
BMO.PR.K<\/td>\nPerpetual-Discount<\/td>\n1.27 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-04-22
\nMaturity Price : 20.00
\nEvaluated at bid price : 20.00
\nBid-YTW : 6.70 %<\/td>\n<\/tr>\n
BMO.PR.O<\/td>\nFixedReset<\/td>\n1.27 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2014-06-24
\nMaturity Price : 25.00
\nEvaluated at bid price : 26.29
\nBid-YTW : 5.51 %<\/td>\n<\/tr>\n
CIU.PR.A<\/td>\nPerpetual-Discount<\/td>\n1.28 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-04-22
\nMaturity Price : 18.26
\nEvaluated at bid price : 18.26
\nBid-YTW : 6.41 %<\/td>\n<\/tr>\n
TD.PR.Y<\/td>\nFixedReset<\/td>\n1.32 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-04-22
\nMaturity Price : 22.94
\nEvaluated at bid price : 23.00
\nBid-YTW : 4.17 %<\/td>\n<\/tr>\n
TD.PR.E<\/td>\nFixedReset<\/td>\n1.36 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2014-05-30
\nMaturity Price : 25.00
\nEvaluated at bid price : 26.05
\nBid-YTW : 5.31 %<\/td>\n<\/tr>\n
RY.PR.L<\/td>\nFixedReset<\/td>\n1.40 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-04-22
\nMaturity Price : 24.55
\nEvaluated at bid price : 24.60
\nBid-YTW : 4.81 %<\/td>\n<\/tr>\n
MFC.PR.C<\/td>\nPerpetual-Discount<\/td>\n1.57 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-04-22
\nMaturity Price : 16.80
\nEvaluated at bid price : 16.80
\nBid-YTW : 6.80 %<\/td>\n<\/tr>\n
TD.PR.G<\/td>\nFixedReset<\/td>\n1.60 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2014-05-30
\nMaturity Price : 25.00
\nEvaluated at bid price : 26.03
\nBid-YTW : 5.32 %<\/td>\n<\/tr>\n
IAG.PR.A<\/td>\nPerpetual-Discount<\/td>\n1.85 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-04-22
\nMaturity Price : 16.00
\nEvaluated at bid price : 16.00
\nBid-YTW : 7.29 %<\/td>\n<\/tr>\n
TD.PR.A<\/td>\nFixedReset<\/td>\n1.85 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-04-22
\nMaturity Price : 23.66
\nEvaluated at bid price : 23.70
\nBid-YTW : 4.27 %<\/td>\n<\/tr>\n
TD.PR.S<\/td>\nFixedReset<\/td>\n2.00 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-04-22
\nMaturity Price : 22.92
\nEvaluated at bid price : 23.00
\nBid-YTW : 4.05 %<\/td>\n<\/tr>\n
BAM.PR.O<\/td>\nOpRet<\/td>\n2.42 %<\/td>\nYTW SCENARIO
\nMaturity Type : Option Certainty
\nMaturity Date\t: 2013-06-30
\nMaturity Price : 25.00
\nEvaluated at bid price : 23.31
\nBid-YTW : 7.01 %<\/td>\n<\/tr>\n
CU.PR.A<\/td>\nPerpetual-Discount<\/td>\n3.31 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-04-22
\nMaturity Price : 23.73
\nEvaluated at bid price : 24.03
\nBid-YTW : 6.13 %<\/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
BAM.PR.N<\/td>\nPerpetual-Discount<\/td>\n84,625<\/td>\nRBC crossed 25,000 at 14.38; Scotia crossed the same amount at the same price.
\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-04-22
\nMaturity Price : 14.29
\nEvaluated at bid price : 14.29
\nBid-YTW : 8.44 %<\/td>\n<\/tr>\n
RY.PR.X<\/td>\nFixedReset<\/td>\n62,739<\/td>\nRecent new issue<\/a>.
\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2014-09-23
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.81
\nBid-YTW : 5.66 %<\/td>\n<\/tr>\n
BNS.PR.Q<\/td>\nFixedReset<\/td>\n60,481<\/td>\nNesbitt bought 15,000 from anonymous at 23.98; anonymous crossed (? not necessarily the same anonymous) 18,000 at 22.70. The massive discrepency in prices appears legitimate; today’s range according to tmxmoney.com was 22.55-24.05. Closing quote 22.75-88, 21×8.
\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-04-22
\nMaturity Price : 22.69
\nEvaluated at bid price : 22.75
\nBid-YTW : 4.19 %<\/td>\n<\/tr>\n
HSB.PR.E<\/td>\nFixedReset<\/td>\n51,841<\/td>\nRecent new issue<\/a>.
\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2014-07-30
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.55
\nBid-YTW : 6.25 %<\/td>\n<\/tr>\n
RY.PR.T<\/td>\nFixedReset<\/td>\n36,630<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-04-22
\nMaturity Price : 23.36
\nEvaluated at bid price : 25.75
\nBid-YTW : 5.74 %<\/td>\n<\/tr>\n
BNS.PR.M<\/td>\nPerpetual-Discount<\/td>\n35,071<\/td>\nRBC bought 12,000 from Nesbitt at 17.74.
\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-04-22
\nMaturity Price : 17.63
\nEvaluated at bid price : 17.63
\nBid-YTW : 6.42 %<\/td>\n<\/tr>\n
There were 36 other index-included issues trading in excess of 10,000 shares.<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Sorry, folks! This is a busy time, so there’s no commentary. HIMIPref™ Preferred IndicesThese values reflect the December 2008 revision of the HIMIPref™ IndicesValues are provisional and are finalized monthly Index MeanCurrentYield(at bid) MedianYTW MedianAverageTradingValue …<\/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-6294","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/6294","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=6294"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/6294\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6294"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6294"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6294"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}