{"id":7583,"date":"2009-08-18T23:04:01","date_gmt":"2009-08-19T03:04:01","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=7583"},"modified":"2009-08-18T23:04:01","modified_gmt":"2009-08-19T03:04:01","slug":"august-18-2009","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=7583","title":{"rendered":"August 18, 2009"},"content":{"rendered":"

Dealbreaker<\/i> is a gossipy tabloid style website billing itself as a tabloid – most of the offerings are vapid commentaries on topics as diverse as Bernie Madoff’s pants and the amount of cleavage being shown by business news commentators. Every now and then, though, they come up with something good; today there is an interesting post on the Nigerian banking system<\/a>.<\/p>\n

If anything, the preferred share market rally is accellerating, with PerpetualDiscounts up 75bp today, while FixedResets were down 14bp. Volume continued high, well spread out amongst the various classes.<\/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>\n0.7720 %<\/td>\n1,435.8<\/td>\n<\/tr>\n
FixedFloater<\/td>\n6.12 %<\/td>\n4.39 %<\/td>\n56,289<\/td>\n18.08<\/td>\n1<\/td>\n1.1959 %<\/td>\n2,509.4<\/td>\n<\/tr>\n
Floater<\/td>\n3.18 %<\/td>\n3.20 %<\/td>\n136,351<\/td>\n19.19<\/td>\n2<\/td>\n0.7720 %<\/td>\n1,793.8<\/td>\n<\/tr>\n
OpRet<\/td>\n4.85 %<\/td>\n-10.33 %<\/td>\n136,471<\/td>\n0.09<\/td>\n15<\/td>\n0.2041 %<\/td>\n2,279.4<\/td>\n<\/tr>\n
SplitShare<\/td>\n5.69 %<\/td>\n6.40 %<\/td>\n99,361<\/td>\n4.08<\/td>\n3<\/td>\n0.0982 %<\/td>\n2,039.4<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.2041 %<\/td>\n2,084.3<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.75 %<\/td>\n5.42 %<\/td>\n74,244<\/td>\n2.63<\/td>\n4<\/td>\n0.2296 %<\/td>\n1,869.2<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n5.69 %<\/td>\n5.68 %<\/td>\n187,388<\/td>\n14.34<\/td>\n67<\/td>\n0.7534 %<\/td>\n1,805.6<\/td>\n<\/tr>\n
FixedReset<\/td>\n5.48 %<\/td>\n3.99 %<\/td>\n505,945<\/td>\n4.15<\/td>\n40<\/td>\n-0.1361 %<\/td>\n2,107.8<\/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
Performance Highlights<\/strong><\/td>\n<\/tr>\n
Issue<\/td>\nIndex<\/td>\nChange<\/td>\nNotes<\/td>\n<\/tr>\n
POW.PR.C<\/td>\nPerpetual-Discount<\/td>\n-1.88 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-08-18
\nMaturity Price : 23.69
\nEvaluated at bid price : 24.02
\nBid-YTW : 6.11 %<\/td>\n<\/tr>\n
BMO.PR.N<\/td>\nFixedReset<\/td>\n-1.39 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2014-03-27
\nMaturity Price : 25.00
\nEvaluated at bid price : 27.71
\nBid-YTW : 3.90 %<\/td>\n<\/tr>\n
SLF.PR.C<\/td>\nPerpetual-Discount<\/td>\n1.01 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-08-18
\nMaturity Price : 20.02
\nEvaluated at bid price : 20.02
\nBid-YTW : 5.65 %<\/td>\n<\/tr>\n
CM.PR.P<\/td>\nPerpetual-Discount<\/td>\n1.01 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-08-18
\nMaturity Price : 22.94
\nEvaluated at bid price : 24.00
\nBid-YTW : 5.73 %<\/td>\n<\/tr>\n
BNS.PR.L<\/td>\nPerpetual-Discount<\/td>\n1.02 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-08-18
\nMaturity Price : 20.72
\nEvaluated at bid price : 20.72
\nBid-YTW : 5.49 %<\/td>\n<\/tr>\n
TD.PR.P<\/td>\nPerpetual-Discount<\/td>\n1.06 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-08-18
\nMaturity Price : 23.56
\nEvaluated at bid price : 23.75
\nBid-YTW : 5.57 %<\/td>\n<\/tr>\n
W.PR.H<\/td>\nPerpetual-Discount<\/td>\n1.08 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-08-18
\nMaturity Price : 22.67
\nEvaluated at bid price : 23.50
\nBid-YTW : 5.89 %<\/td>\n<\/tr>\n
CM.PR.I<\/td>\nPerpetual-Discount<\/td>\n1.12 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-08-18
\nMaturity Price : 20.78
\nEvaluated at bid price : 20.78
\nBid-YTW : 5.71 %<\/td>\n<\/tr>\n
TD.PR.O<\/td>\nPerpetual-Discount<\/td>\n1.12 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-08-18
\nMaturity Price : 22.36
\nEvaluated at bid price : 22.51
\nBid-YTW : 5.43 %<\/td>\n<\/tr>\n
RY.PR.G<\/td>\nPerpetual-Discount<\/td>\n1.12 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-08-18
\nMaturity Price : 20.70
\nEvaluated at bid price : 20.70
\nBid-YTW : 5.47 %<\/td>\n<\/tr>\n
BAM.PR.G<\/td>\nFixedFloater<\/td>\n1.20 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-08-18
\nMaturity Price : 25.00
\nEvaluated at bid price : 17.77
\nBid-YTW : 4.39 %<\/td>\n<\/tr>\n
SLF.PR.A<\/td>\nPerpetual-Discount<\/td>\n1.28 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-08-18
\nMaturity Price : 21.31
\nEvaluated at bid price : 21.31
\nBid-YTW : 5.66 %<\/td>\n<\/tr>\n
GWO.PR.I<\/td>\nPerpetual-Discount<\/td>\n1.30 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-08-18
\nMaturity Price : 20.26
\nEvaluated at bid price : 20.26
\nBid-YTW : 5.64 %<\/td>\n<\/tr>\n
SLF.PR.F<\/td>\nFixedReset<\/td>\n1.33 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2014-07-30
\nMaturity Price : 25.00
\nEvaluated at bid price : 27.49
\nBid-YTW : 4.14 %<\/td>\n<\/tr>\n
RY.PR.F<\/td>\nPerpetual-Discount<\/td>\n1.33 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-08-18
\nMaturity Price : 20.57
\nEvaluated at bid price : 20.57
\nBid-YTW : 5.44 %<\/td>\n<\/tr>\n
RY.PR.C<\/td>\nPerpetual-Discount<\/td>\n1.34 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-08-18
\nMaturity Price : 21.13
\nEvaluated at bid price : 21.13
\nBid-YTW : 5.47 %<\/td>\n<\/tr>\n
BMO.PR.J<\/td>\nPerpetual-Discount<\/td>\n1.35 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-08-18
\nMaturity Price : 20.95
\nEvaluated at bid price : 20.95
\nBid-YTW : 5.40 %<\/td>\n<\/tr>\n
RY.PR.A<\/td>\nPerpetual-Discount<\/td>\n1.37 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-08-18
\nMaturity Price : 20.69
\nEvaluated at bid price : 20.69
\nBid-YTW : 5.41 %<\/td>\n<\/tr>\n
HSB.PR.C<\/td>\nPerpetual-Discount<\/td>\n1.38 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-08-18
\nMaturity Price : 23.31
\nEvaluated at bid price : 23.52
\nBid-YTW : 5.49 %<\/td>\n<\/tr>\n
BAM.PR.N<\/td>\nPerpetual-Discount<\/td>\n1.39 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-08-18
\nMaturity Price : 18.21
\nEvaluated at bid price : 18.21
\nBid-YTW : 6.64 %<\/td>\n<\/tr>\n
PWF.PR.I<\/td>\nPerpetual-Discount<\/td>\n1.44 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2012-05-30
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.31
\nBid-YTW : 5.67 %<\/td>\n<\/tr>\n
CM.PR.D<\/td>\nPerpetual-Discount<\/td>\n1.50 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-08-18
\nMaturity Price : 24.75
\nEvaluated at bid price : 25.05
\nBid-YTW : 5.78 %<\/td>\n<\/tr>\n
BAM.PR.M<\/td>\nPerpetual-Discount<\/td>\n1.62 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-08-18
\nMaturity Price : 18.24
\nEvaluated at bid price : 18.24
\nBid-YTW : 6.63 %<\/td>\n<\/tr>\n
BNS.PR.K<\/td>\nPerpetual-Discount<\/td>\n1.63 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-08-18
\nMaturity Price : 21.52
\nEvaluated at bid price : 21.83
\nBid-YTW : 5.54 %<\/td>\n<\/tr>\n
CM.PR.H<\/td>\nPerpetual-Discount<\/td>\n1.72 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-08-18
\nMaturity Price : 21.27
\nEvaluated at bid price : 21.27
\nBid-YTW : 5.70 %<\/td>\n<\/tr>\n
BNS.PR.M<\/td>\nPerpetual-Discount<\/td>\n1.85 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-08-18
\nMaturity Price : 20.88
\nEvaluated at bid price : 20.88
\nBid-YTW : 5.44 %<\/td>\n<\/tr>\n
CM.PR.G<\/td>\nPerpetual-Discount<\/td>\n2.10 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-08-18
\nMaturity Price : 23.58
\nEvaluated at bid price : 23.81
\nBid-YTW : 5.72 %<\/td>\n<\/tr>\n
GWO.PR.H<\/td>\nPerpetual-Discount<\/td>\n2.23 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-08-18
\nMaturity Price : 21.89
\nEvaluated at bid price : 22.01
\nBid-YTW : 5.59 %<\/td>\n<\/tr>\n
RY.PR.W<\/td>\nPerpetual-Discount<\/td>\n2.53 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-08-18
\nMaturity Price : 22.54
\nEvaluated at bid price : 22.71
\nBid-YTW : 5.41 %<\/td>\n<\/tr>\n
GWO.PR.G<\/td>\nPerpetual-Discount<\/td>\n4.09 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-08-18
\nMaturity Price : 23.66
\nEvaluated at bid price : 23.90
\nBid-YTW : 5.51 %<\/td>\n<\/tr>\n
HSB.PR.D<\/td>\nPerpetual-Discount<\/td>\n4.52 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-08-18
\nMaturity Price : 22.93
\nEvaluated at bid price : 23.11
\nBid-YTW : 5.48 %<\/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.O<\/td>\nOpRet<\/td>\n112,125<\/td>\nRBC crossed 85,200 at 24.85. TD crossed 17,100 at the same price.
\nYTW SCENARIO
\nMaturity Type : Option Certainty
\nMaturity Date\t: 2013-06-30
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.00
\nBid-YTW : 5.23 %<\/td>\n<\/tr>\n
BNS.PR.O<\/td>\nPerpetual-Discount<\/td>\n61,200<\/td>\nRBC crossed 27.000 at 25.00.
\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-08-18
\nMaturity Price : 24.69
\nEvaluated at bid price : 24.91
\nBid-YTW : 5.67 %<\/td>\n<\/tr>\n
HSB.PR.E<\/td>\nFixedReset<\/td>\n55,750<\/td>\nNesbitt crossed 35,000 at 27.95.
\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2014-07-30
\nMaturity Price : 25.00
\nEvaluated at bid price : 27.90
\nBid-YTW : 4.25 %<\/td>\n<\/tr>\n
RY.PR.C<\/td>\nPerpetual-Discount<\/td>\n42,629<\/td>\nNational crossed 30,000 at 20.90.
\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-08-18
\nMaturity Price : 21.13
\nEvaluated at bid price : 21.13
\nBid-YTW : 5.47 %<\/td>\n<\/tr>\n
RY.PR.T<\/td>\nFixedReset<\/td>\n34,685<\/td>\nTD bought 10,000 from RBC at 27.75. RBC crossed 22,200 at 27.70.
\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2014-09-23
\nMaturity Price : 25.00
\nEvaluated at bid price : 27.71
\nBid-YTW : 3.91 %<\/td>\n<\/tr>\n
CM.PR.I<\/td>\nPerpetual-Discount<\/td>\n33,745<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-08-18
\nMaturity Price : 20.78
\nEvaluated at bid price : 20.78
\nBid-YTW : 5.71 %<\/td>\n<\/tr>\n
There were 45 other index-included issues trading in excess of 10,000 shares.<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Dealbreaker is a gossipy tabloid style website billing itself as a tabloid – most of the offerings are vapid commentaries on topics as diverse as Bernie Madoff’s pants and the amount of cleavage being shown …<\/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-7583","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/7583","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=7583"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/7583\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7583"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=7583"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=7583"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}