{"id":7693,"date":"2009-08-28T00:04:51","date_gmt":"2009-08-28T04:04:51","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=7693"},"modified":"2009-08-28T00:04:51","modified_gmt":"2009-08-28T04:04:51","slug":"august-27-2009","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=7693","title":{"rendered":"August 27, 2009"},"content":{"rendered":"

FixedResets outperformed PerpetualDiscounts today, +13bp vs. -8bp, and grabbed the top three spots in the volume table. Volume eased off a little.<\/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>\n0.3968 %<\/td>\n1,464.8<\/td>\n<\/tr>\n
FixedFloater<\/td>\n5.73 %<\/td>\n4.01 %<\/td>\n59,675<\/td>\n18.58<\/td>\n1<\/td>\n0.1055 %<\/td>\n2,678.9<\/td>\n<\/tr>\n
Floater<\/td>\n3.11 %<\/td>\n3.14 %<\/td>\n72,136<\/td>\n19.32<\/td>\n2<\/td>\n0.3968 %<\/td>\n1,829.9<\/td>\n<\/tr>\n
OpRet<\/td>\n4.87 %<\/td>\n-7.45 %<\/td>\n138,923<\/td>\n0.09<\/td>\n15<\/td>\n-0.0767 %<\/td>\n2,274.2<\/td>\n<\/tr>\n
SplitShare<\/td>\n5.65 %<\/td>\n-9.34 %<\/td>\n99,338<\/td>\n0.08<\/td>\n3<\/td>\n0.7265 %<\/td>\n2,062.3<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.0767 %<\/td>\n2,079.5<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.70 %<\/td>\n5.13 %<\/td>\n70,564<\/td>\n2.40<\/td>\n4<\/td>\n0.1779 %<\/td>\n1,886.7<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n5.68 %<\/td>\n5.68 %<\/td>\n189,585<\/td>\n14.33<\/td>\n67<\/td>\n-0.0802 %<\/td>\n1,811.2<\/td>\n<\/tr>\n
FixedReset<\/td>\n5.49 %<\/td>\n4.05 %<\/td>\n493,195<\/td>\n4.11<\/td>\n40<\/td>\n0.1346 %<\/td>\n2,105.8<\/td>\n<\/tr>\n<\/table>\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.D<\/td>\nPerpetual-Discount<\/td>\n-2.77 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-08-27
\nMaturity Price : 21.45
\nEvaluated at bid price : 21.75
\nBid-YTW : 5.82 %<\/td>\n<\/tr>\n
PWF.PR.E<\/td>\nPerpetual-Discount<\/td>\n-1.71 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-08-27
\nMaturity Price : 22.94
\nEvaluated at bid price : 24.08
\nBid-YTW : 5.72 %<\/td>\n<\/tr>\n
CM.PR.A<\/td>\nOpRet<\/td>\n-1.36 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2009-09-26
\nMaturity Price : 25.50
\nEvaluated at bid price : 26.02
\nBid-YTW : -14.21 %<\/td>\n<\/tr>\n
BMO.PR.H<\/td>\nPerpetual-Discount<\/td>\n-1.13 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-08-27
\nMaturity Price : 22.77
\nEvaluated at bid price : 23.73
\nBid-YTW : 5.57 %<\/td>\n<\/tr>\n
MFC.PR.C<\/td>\nPerpetual-Discount<\/td>\n-1.10 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-08-27
\nMaturity Price : 19.73
\nEvaluated at bid price : 19.73
\nBid-YTW : 5.72 %<\/td>\n<\/tr>\n
SLF.PR.D<\/td>\nPerpetual-Discount<\/td>\n-1.06 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-08-27
\nMaturity Price : 19.68
\nEvaluated at bid price : 19.68
\nBid-YTW : 5.66 %<\/td>\n<\/tr>\n
BMO.PR.K<\/td>\nPerpetual-Discount<\/td>\n-1.01 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-08-27
\nMaturity Price : 23.38
\nEvaluated at bid price : 23.56
\nBid-YTW : 5.60 %<\/td>\n<\/tr>\n
BAM.PR.P<\/td>\nFixedReset<\/td>\n1.07 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2014-10-30
\nMaturity Price : 25.00
\nEvaluated at bid price : 27.30
\nBid-YTW : 5.35 %<\/td>\n<\/tr>\n
CIU.PR.B<\/td>\nFixedReset<\/td>\n1.08 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2014-07-01
\nMaturity Price : 25.00
\nEvaluated at bid price : 28.06
\nBid-YTW : 3.95 %<\/td>\n<\/tr>\n
CGI.PR.B<\/td>\nSplitShare<\/td>\n1.11 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2009-09-26
\nMaturity Price : 26.00
\nEvaluated at bid price : 26.25
\nBid-YTW : -9.77 %<\/td>\n<\/tr>\n
GWO.PR.F<\/td>\nPerpetual-Discount<\/td>\n1.11 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2012-10-30
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.51
\nBid-YTW : 5.55 %<\/td>\n<\/tr>\n
MFC.PR.B<\/td>\nPerpetual-Discount<\/td>\n1.13 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-08-27
\nMaturity Price : 20.54
\nEvaluated at bid price : 20.54
\nBid-YTW : 5.68 %<\/td>\n<\/tr>\n
CIU.PR.A<\/td>\nPerpetual-Discount<\/td>\n1.23 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-08-27
\nMaturity Price : 20.51
\nEvaluated at bid price : 20.51
\nBid-YTW : 5.64 %<\/td>\n<\/tr>\n
BNA.PR.C<\/td>\nSplitShare<\/td>\n1.47 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2019-01-10
\nMaturity Price : 25.00
\nEvaluated at bid price : 19.34
\nBid-YTW : 7.83 %<\/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
BNS.PR.T<\/td>\nFixedReset<\/td>\n134,559<\/td>\nDesjardins bought three blocks from Commission Direct (who?) of 14,000 shares, 11,000 and 49,100, all at 27.70, then crossed 11,000 at the same price. RBC crossed 25,000 at the same price.
\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2014-05-25
\nMaturity Price : 25.00
\nEvaluated at bid price : 27.68
\nBid-YTW : 3.92 %<\/td>\n<\/tr>\n
RY.PR.P<\/td>\nFixedReset<\/td>\n73,650<\/td>\nRBC crossed 65,700 at 27.65.
\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2014-03-26
\nMaturity Price : 25.00
\nEvaluated at bid price : 27.62
\nBid-YTW : 3.78 %<\/td>\n<\/tr>\n
RY.PR.T<\/td>\nFixedReset<\/td>\n47,392<\/td>\nRBC crossed 44,500 at 27.65.
\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2014-09-23
\nMaturity Price : 25.00
\nEvaluated at bid price : 27.56
\nBid-YTW : 4.06 %<\/td>\n<\/tr>\n
BAM.PR.B<\/td>\nFloater<\/td>\n46,600<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-08-27
\nMaturity Price : 12.65
\nEvaluated at bid price : 12.65
\nBid-YTW : 3.14 %<\/td>\n<\/tr>\n
TD.PR.R<\/td>\nPerpetual-Discount<\/td>\n39,750<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-08-27
\nMaturity Price : 24.78
\nEvaluated at bid price : 25.00
\nBid-YTW : 5.66 %<\/td>\n<\/tr>\n
POW.PR.C<\/td>\nPerpetual-Discount<\/td>\n31,340<\/td>\nRBC crossed 25,000 at 24.75.
\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-08-27
\nMaturity Price : 24.32
\nEvaluated at bid price : 24.66
\nBid-YTW : 5.96 %<\/td>\n<\/tr>\n
There were 27 other index-included issues trading in excess of 10,000 shares.<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

FixedResets outperformed PerpetualDiscounts today, +13bp vs. -8bp, and grabbed the top three spots in the volume table. Volume eased off a little. HIMIPref™ Preferred IndicesThese values reflect the December 2008 revision of the HIMIPref™ IndicesValues …<\/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-7693","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/7693","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=7693"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/7693\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7693"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=7693"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=7693"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}