{"id":8615,"date":"2009-11-06T21:26:24","date_gmt":"2009-11-07T01:26:24","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=8615"},"modified":"2009-11-06T21:26:24","modified_gmt":"2009-11-07T01:26:24","slug":"november-6-2009","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=8615","title":{"rendered":"November 6, 2009"},"content":{"rendered":"

Another good day for preferreds, with PerpetualDiscounts gaining 17bp and FixedResets picking up 24bp. Volume remained subdued.<\/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-0.9566 %<\/td>\n1,469.1<\/td>\n<\/tr>\n
FixedFloater<\/td>\n6.70 %<\/td>\n4.73 %<\/td>\n46,608<\/td>\n17.87<\/td>\n1<\/td>\n0.0617 %<\/td>\n2,325.2<\/td>\n<\/tr>\n
Floater<\/td>\n2.65 %<\/td>\n3.15 %<\/td>\n94,539<\/td>\n19.34<\/td>\n3<\/td>\n-0.9566 %<\/td>\n1,835.3<\/td>\n<\/tr>\n
OpRet<\/td>\n4.81 %<\/td>\n-10.68 %<\/td>\n118,237<\/td>\n0.09<\/td>\n14<\/td>\n-0.0410 %<\/td>\n2,301.2<\/td>\n<\/tr>\n
SplitShare<\/td>\n6.33 %<\/td>\n6.40 %<\/td>\n411,654<\/td>\n3.91<\/td>\n2<\/td>\n0.1530 %<\/td>\n2,089.5<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.0410 %<\/td>\n2,104.2<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.89 %<\/td>\n5.75 %<\/td>\n72,650<\/td>\n1.17<\/td>\n4<\/td>\n-0.1387 %<\/td>\n1,859.6<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n5.92 %<\/td>\n5.96 %<\/td>\n190,998<\/td>\n13.93<\/td>\n70<\/td>\n0.1722 %<\/td>\n1,750.8<\/td>\n<\/tr>\n
FixedReset<\/td>\n5.51 %<\/td>\n4.09 %<\/td>\n403,947<\/td>\n3.98<\/td>\n41<\/td>\n0.2437 %<\/td>\n2,119.9<\/td>\n<\/tr>\n<\/table>\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
BAM.PR.K<\/td>\nFloater<\/td>\n-1.41 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-11-06
\nMaturity Price : 12.57
\nEvaluated at bid price : 12.57
\nBid-YTW : 3.15 %<\/td>\n<\/tr>\n
BAM.PR.B<\/td>\nFloater<\/td>\n-1.18 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-11-06
\nMaturity Price : 12.60
\nEvaluated at bid price : 12.60
\nBid-YTW : 3.15 %<\/td>\n<\/tr>\n
BMO.PR.J<\/td>\nPerpetual-Discount<\/td>\n-1.14 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-11-06
\nMaturity Price : 19.92
\nEvaluated at bid price : 19.92
\nBid-YTW : 5.67 %<\/td>\n<\/tr>\n
GWO.PR.F<\/td>\nPerpetual-Discount<\/td>\n1.02 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-11-06
\nMaturity Price : 24.45
\nEvaluated at bid price : 24.75
\nBid-YTW : 6.03 %<\/td>\n<\/tr>\n
BNS.PR.N<\/td>\nPerpetual-Discount<\/td>\n1.05 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-11-06
\nMaturity Price : 22.85
\nEvaluated at bid price : 23.00
\nBid-YTW : 5.75 %<\/td>\n<\/tr>\n
RY.PR.W<\/td>\nPerpetual-Discount<\/td>\n1.22 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-11-06
\nMaturity Price : 21.62
\nEvaluated at bid price : 21.62
\nBid-YTW : 5.69 %<\/td>\n<\/tr>\n
GWO.PR.L<\/td>\nPerpetual-Discount<\/td>\n1.24 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-11-06
\nMaturity Price : 23.45
\nEvaluated at bid price : 23.61
\nBid-YTW : 6.06 %<\/td>\n<\/tr>\n
CIU.PR.A<\/td>\nPerpetual-Discount<\/td>\n1.39 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-11-06
\nMaturity Price : 19.75
\nEvaluated at bid price : 19.75
\nBid-YTW : 5.84 %<\/td>\n<\/tr>\n
ELF.PR.F<\/td>\nPerpetual-Discount<\/td>\n1.50 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-11-06
\nMaturity Price : 19.58
\nEvaluated at bid price : 19.58
\nBid-YTW : 6.85 %<\/td>\n<\/tr>\n
PWF.PR.M<\/td>\nFixedReset<\/td>\n2.27 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2014-03-02
\nMaturity Price : 25.00
\nEvaluated at bid price : 27.00
\nBid-YTW : 4.00 %<\/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
BMO.PR.J<\/td>\nPerpetual-Discount<\/td>\n154,900<\/td>\nRBC crossed 143,900 at 20.10.
\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-11-06
\nMaturity Price : 19.92
\nEvaluated at bid price : 19.92
\nBid-YTW : 5.67 %<\/td>\n<\/tr>\n
CM.PR.I<\/td>\nPerpetual-Discount<\/td>\n71,785<\/td>\nTD crossed 55,000 at 19.79.
\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-11-06
\nMaturity Price : 19.84
\nEvaluated at bid price : 19.84
\nBid-YTW : 5.97 %<\/td>\n<\/tr>\n
BMO.PR.N<\/td>\nFixedReset<\/td>\n68,215<\/td>\nDesjardins bought 22,100 from RBC at 27.41 and two blocks of 13,800 and 14,500 from National, both at 27.45.
\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2014-03-27
\nMaturity Price : 25.00
\nEvaluated at bid price : 27.46
\nBid-YTW : 3.97 %<\/td>\n<\/tr>\n
SLF.PR.D<\/td>\nPerpetual-Discount<\/td>\n53,785<\/td>\nNesbitt crossed two blocks at 18.55: 28,700 and 20,450 shares.
\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-11-06
\nMaturity Price : 18.68
\nEvaluated at bid price : 18.68
\nBid-YTW : 6.04 %<\/td>\n<\/tr>\n
TRP.PR.A<\/td>\nFixedReset<\/td>\n50,980<\/td>\nNesbitt bought 19,400 from Macquarie at 25.40.
\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2015-01-30
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.43
\nBid-YTW : 4.35 %<\/td>\n<\/tr>\n
NA.PR.M<\/td>\nPerpetual-Premium<\/td>\n43,003<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2017-06-14
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.01
\nBid-YTW : 6.02 %<\/td>\n<\/tr>\n
There were 33 other index-included issues trading in excess of 10,000 shares.<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Another good day for preferreds, with PerpetualDiscounts gaining 17bp and FixedResets picking up 24bp. Volume remained subdued. HIMIPref™ Preferred IndicesThese values reflect the December 2008 revision of the HIMIPref™ IndicesValues are provisional and are finalized …<\/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-8615","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/8615","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=8615"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/8615\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=8615"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=8615"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=8615"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}