{"id":7482,"date":"2009-08-06T18:55:36","date_gmt":"2009-08-06T22:55:36","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=7482"},"modified":"2009-08-06T18:55:36","modified_gmt":"2009-08-06T22:55:36","slug":"august-6-2009","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=7482","title":{"rendered":"August 6, 2009"},"content":{"rendered":"

DBRS has published a new study Canadian Private Pension Plans \u2013 Are They Losing or Cruising?<\/a>.<\/p>\n

The SEC has extended the comment period<\/a> for the short-selling proposals.<\/p>\n

The BoE is monetizing debt like there’s no tomorrow<\/a>:<\/p>\n

The Bank of England expanded its bond purchase program beyond its original limit in an effort to spur lending and fight a recession that\u2019s deeper than previously anticipated.<\/p>\n

Bond yields plunged after the Monetary Policy Committee, led by Governor Mervyn King, kept the key interest rate at 0.5 percent and increased its purchase program by 50 billion pounds ($84 billion) to 175 billion pounds.
…<\/b>
The Bank of England\u2019s tone on the economy was less optimistic. It said in a statement that the recession \u201cappears to have been deeper than previously thought.\u201d<\/p>\n

\u201cWhile some recovery in output growth is in prospect, the margin of spare capacity in the economy is likely to continue to grow for some while yet, bearing down on inflation in the medium term,\u201d the bank said.<\/p><\/blockquote>\n

PerpetualDiscounts continued to roar ahead today, shrugging off the woes of the equity market<\/a> sparked by the slashing of the MFC common dividend<\/a>. Somewhat surprisingly, the MFC PerpetualDiscounts were little affected, although one of the two FixedReset issues and the OpRet issue made it into the unpleasant part of the price movement table; both FixedResets were in the volume table.<\/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>\n0.2312 %<\/td>\n1,255.2<\/td>\n<\/tr>\n
FixedFloater<\/td>\n6.79 %<\/td>\n5.01 %<\/td>\n45,277<\/td>\n17.27<\/td>\n1<\/td>\n3.2903 %<\/td>\n2,260.9<\/td>\n<\/tr>\n
Floater<\/td>\n3.63 %<\/td>\n3.66 %<\/td>\n123,419<\/td>\n18.14<\/td>\n2<\/td>\n0.2312 %<\/td>\n1,568.1<\/td>\n<\/tr>\n
OpRet<\/td>\n4.89 %<\/td>\n-6.25 %<\/td>\n139,872<\/td>\n0.09<\/td>\n15<\/td>\n-0.2586 %<\/td>\n2,258.3<\/td>\n<\/tr>\n
SplitShare<\/td>\n5.74 %<\/td>\n6.45 %<\/td>\n98,232<\/td>\n4.12<\/td>\n3<\/td>\n0.4113 %<\/td>\n2,022.9<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.2586 %<\/td>\n2,065.0<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.79 %<\/td>\n5.57 %<\/td>\n83,187<\/td>\n14.18<\/td>\n4<\/td>\n-0.1317 %<\/td>\n1,849.8<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n5.89 %<\/td>\n5.94 %<\/td>\n173,149<\/td>\n13.97<\/td>\n67<\/td>\n0.5696 %<\/td>\n1,742.1<\/td>\n<\/tr>\n
FixedReset<\/td>\n5.50 %<\/td>\n4.05 %<\/td>\n541,017<\/td>\n4.17<\/td>\n40<\/td>\n-0.1265 %<\/td>\n2,099.0<\/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
Performance Highlights<\/strong><\/td>\n<\/tr>\n
Issue<\/td>\nIndex<\/td>\nChange<\/td>\nNotes<\/td>\n<\/tr>\n
MFC.PR.A<\/td>\nOpRet<\/td>\n-3.26 %<\/td>\nYTW SCENARIO
\nMaturity Type : Soft Maturity
\nMaturity Date\t: 2015-12-18
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.79
\nBid-YTW : 3.65 %<\/td>\n<\/tr>\n
IGM.PR.A<\/td>\nOpRet<\/td>\n-1.62 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2009-09-05
\nMaturity Price : 26.00
\nEvaluated at bid price : 27.30
\nBid-YTW : -41.98 %<\/td>\n<\/tr>\n
MFC.PR.D<\/td>\nFixedReset<\/td>\n-1.46 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2014-07-19
\nMaturity Price : 25.00
\nEvaluated at bid price : 27.61
\nBid-YTW : 4.49 %<\/td>\n<\/tr>\n
SLF.PR.F<\/td>\nFixedReset<\/td>\n-1.11 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2014-07-30
\nMaturity Price : 25.00
\nEvaluated at bid price : 26.81
\nBid-YTW : 4.70 %<\/td>\n<\/tr>\n
RY.PR.E<\/td>\nPerpetual-Discount<\/td>\n1.01 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-08-06
\nMaturity Price : 19.97
\nEvaluated at bid price : 19.97
\nBid-YTW : 5.65 %<\/td>\n<\/tr>\n
TCA.PR.X<\/td>\nPerpetual-Discount<\/td>\n1.03 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-08-06
\nMaturity Price : 45.66
\nEvaluated at bid price : 48.00
\nBid-YTW : 5.82 %<\/td>\n<\/tr>\n
RY.PR.C<\/td>\nPerpetual-Discount<\/td>\n1.04 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-08-06
\nMaturity Price : 20.37
\nEvaluated at bid price : 20.37
\nBid-YTW : 5.67 %<\/td>\n<\/tr>\n
BNS.PR.J<\/td>\nPerpetual-Discount<\/td>\n1.08 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-08-06
\nMaturity Price : 22.51
\nEvaluated at bid price : 23.34
\nBid-YTW : 5.62 %<\/td>\n<\/tr>\n
BNS.PR.K<\/td>\nPerpetual-Discount<\/td>\n1.09 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-08-06
\nMaturity Price : 21.35
\nEvaluated at bid price : 21.35
\nBid-YTW : 5.67 %<\/td>\n<\/tr>\n
BAM.PR.M<\/td>\nPerpetual-Discount<\/td>\n1.12 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-08-06
\nMaturity Price : 17.20
\nEvaluated at bid price : 17.20
\nBid-YTW : 7.02 %<\/td>\n<\/tr>\n
RY.PR.D<\/td>\nPerpetual-Discount<\/td>\n1.16 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-08-06
\nMaturity Price : 20.14
\nEvaluated at bid price : 20.14
\nBid-YTW : 5.61 %<\/td>\n<\/tr>\n
PWF.PR.G<\/td>\nPerpetual-Discount<\/td>\n1.19 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-08-06
\nMaturity Price : 24.18
\nEvaluated at bid price : 24.56
\nBid-YTW : 6.04 %<\/td>\n<\/tr>\n
GWO.PR.I<\/td>\nPerpetual-Discount<\/td>\n1.21 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-08-06
\nMaturity Price : 19.23
\nEvaluated at bid price : 19.23
\nBid-YTW : 5.94 %<\/td>\n<\/tr>\n
CIU.PR.A<\/td>\nPerpetual-Discount<\/td>\n1.23 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-08-06
\nMaturity Price : 20.06
\nEvaluated at bid price : 20.06
\nBid-YTW : 5.75 %<\/td>\n<\/tr>\n
BAM.PR.N<\/td>\nPerpetual-Discount<\/td>\n1.24 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-08-06
\nMaturity Price : 17.11
\nEvaluated at bid price : 17.11
\nBid-YTW : 7.06 %<\/td>\n<\/tr>\n
RY.PR.B<\/td>\nPerpetual-Discount<\/td>\n1.41 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-08-06
\nMaturity Price : 20.90
\nEvaluated at bid price : 20.90
\nBid-YTW : 5.64 %<\/td>\n<\/tr>\n
BNS.PR.N<\/td>\nPerpetual-Discount<\/td>\n1.43 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-08-06
\nMaturity Price : 23.16
\nEvaluated at bid price : 23.33
\nBid-YTW : 5.66 %<\/td>\n<\/tr>\n
POW.PR.D<\/td>\nPerpetual-Discount<\/td>\n1.58 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-08-06
\nMaturity Price : 21.18
\nEvaluated at bid price : 21.18
\nBid-YTW : 5.97 %<\/td>\n<\/tr>\n
SLF.PR.D<\/td>\nPerpetual-Discount<\/td>\n1.76 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-08-06
\nMaturity Price : 19.11
\nEvaluated at bid price : 19.11
\nBid-YTW : 5.91 %<\/td>\n<\/tr>\n
GWO.PR.G<\/td>\nPerpetual-Discount<\/td>\n1.83 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-08-06
\nMaturity Price : 22.10
\nEvaluated at bid price : 22.24
\nBid-YTW : 5.92 %<\/td>\n<\/tr>\n
CL.PR.B<\/td>\nPerpetual-Discount<\/td>\n1.91 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2010-01-30
\nMaturity Price : 25.25
\nEvaluated at bid price : 25.55
\nBid-YTW : 5.03 %<\/td>\n<\/tr>\n
GWO.PR.H<\/td>\nPerpetual-Discount<\/td>\n1.95 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-08-06
\nMaturity Price : 20.90
\nEvaluated at bid price : 20.90
\nBid-YTW : 5.89 %<\/td>\n<\/tr>\n
BAM.PR.G<\/td>\nFixedFloater<\/td>\n3.29 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-08-06
\nMaturity Price : 25.00
\nEvaluated at bid price : 16.01
\nBid-YTW : 5.01 %<\/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
MFC.PR.D<\/td>\nFixedReset<\/td>\n84,635<\/td>\nTD crossed 25,000 at 28.00.
\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2014-07-19
\nMaturity Price : 25.00
\nEvaluated at bid price : 27.61
\nBid-YTW : 4.49 %<\/td>\n<\/tr>\n
CM.PR.I<\/td>\nPerpetual-Discount<\/td>\n68,955<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-08-06
\nMaturity Price : 19.73
\nEvaluated at bid price : 19.73
\nBid-YTW : 6.01 %<\/td>\n<\/tr>\n
CIU.PR.A<\/td>\nPerpetual-Discount<\/td>\n43,200<\/td>\nRBC crossed 40,000 at 20.09.
\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-08-06
\nMaturity Price : 20.06
\nEvaluated at bid price : 20.06
\nBid-YTW : 5.75 %<\/td>\n<\/tr>\n
TD.PR.O<\/td>\nPerpetual-Discount<\/td>\n41,072<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-08-06
\nMaturity Price : 21.42
\nEvaluated at bid price : 21.71
\nBid-YTW : 5.61 %<\/td>\n<\/tr>\n
MFC.PR.E<\/td>\nFixedReset<\/td>\n36,945<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2014-10-19
\nMaturity Price : 25.00
\nEvaluated at bid price : 26.75
\nBid-YTW : 4.34 %<\/td>\n<\/tr>\n
CM.PR.G<\/td>\nPerpetual-Discount<\/td>\n26,625<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-08-06
\nMaturity Price : 22.39
\nEvaluated at bid price : 22.55
\nBid-YTW : 6.03 %<\/td>\n<\/tr>\n
There were 41 other index-included issues trading in excess of 10,000 shares.<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

DBRS has published a new study Canadian Private Pension Plans \u2013 Are They Losing or Cruising?. The SEC has extended the comment period for the short-selling proposals. The BoE is monetizing debt like there’s no …<\/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-7482","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/7482","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=7482"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/7482\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7482"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=7482"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=7482"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}