{"id":8834,"date":"2009-11-24T20:38:56","date_gmt":"2009-11-25T00:38:56","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=8834"},"modified":"2009-11-24T20:38:56","modified_gmt":"2009-11-25T00:38:56","slug":"november-24-2009","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=8834","title":{"rendered":"November 24, 2009"},"content":{"rendered":"

A good solid day for preferred shares with both PerpetualDiscounts and FixedResets gaining 10bp on moderate volume.<\/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>\n0.5059 %<\/td>\n1,507.7<\/td>\n<\/tr>\n
FixedFloater<\/td>\n6.08 %<\/td>\n4.19 %<\/td>\n42,183<\/td>\n18.56<\/td>\n1<\/td>\n-0.4449 %<\/td>\n2,564.4<\/td>\n<\/tr>\n
Floater<\/td>\n2.59 %<\/td>\n3.02 %<\/td>\n89,956<\/td>\n19.62<\/td>\n3<\/td>\n0.5059 %<\/td>\n1,883.6<\/td>\n<\/tr>\n
OpRet<\/td>\n4.81 %<\/td>\n-5.94 %<\/td>\n121,126<\/td>\n0.09<\/td>\n14<\/td>\n0.0273 %<\/td>\n2,306.4<\/td>\n<\/tr>\n
SplitShare<\/td>\n6.35 %<\/td>\n-3.04 %<\/td>\n325,499<\/td>\n0.08<\/td>\n2<\/td>\n0.0000 %<\/td>\n2,115.3<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.0273 %<\/td>\n2,109.0<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.88 %<\/td>\n5.54 %<\/td>\n124,458<\/td>\n2.40<\/td>\n4<\/td>\n0.0000 %<\/td>\n1,870.9<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n5.83 %<\/td>\n5.88 %<\/td>\n184,808<\/td>\n14.04<\/td>\n70<\/td>\n0.1039 %<\/td>\n1,780.9<\/td>\n<\/tr>\n
FixedReset<\/td>\n5.45 %<\/td>\n3.91 %<\/td>\n392,325<\/td>\n3.94<\/td>\n41<\/td>\n0.1035 %<\/td>\n2,142.0<\/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
SLF.PR.C<\/td>\nPerpetual-Discount<\/td>\n-1.86 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-11-24
\nMaturity Price : 18.95
\nEvaluated at bid price : 18.95
\nBid-YTW : 5.87 %<\/td>\n<\/tr>\n
MFC.PR.B<\/td>\nPerpetual-Discount<\/td>\n-1.67 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-11-24
\nMaturity Price : 19.42
\nEvaluated at bid price : 19.42
\nBid-YTW : 6.00 %<\/td>\n<\/tr>\n
PWF.PR.G<\/td>\nPerpetual-Discount<\/td>\n-1.19 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-11-24
\nMaturity Price : 24.64
\nEvaluated at bid price : 24.85
\nBid-YTW : 6.00 %<\/td>\n<\/tr>\n
RY.PR.Y<\/td>\nFixedReset<\/td>\n-1.19 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2014-12-24
\nMaturity Price : 25.00
\nEvaluated at bid price : 27.42
\nBid-YTW : 4.03 %<\/td>\n<\/tr>\n
SLF.PR.F<\/td>\nFixedReset<\/td>\n-1.10 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2014-07-30
\nMaturity Price : 25.00
\nEvaluated at bid price : 26.95
\nBid-YTW : 4.05 %<\/td>\n<\/tr>\n
HSB.PR.C<\/td>\nPerpetual-Discount<\/td>\n1.03 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-11-24
\nMaturity Price : 22.35
\nEvaluated at bid price : 22.51
\nBid-YTW : 5.76 %<\/td>\n<\/tr>\n
ELF.PR.F<\/td>\nPerpetual-Discount<\/td>\n1.21 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-11-24
\nMaturity Price : 20.05
\nEvaluated at bid price : 20.05
\nBid-YTW : 6.72 %<\/td>\n<\/tr>\n
CM.PR.P<\/td>\nPerpetual-Discount<\/td>\n1.31 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-11-24
\nMaturity Price : 22.59
\nEvaluated at bid price : 23.26
\nBid-YTW : 5.95 %<\/td>\n<\/tr>\n
PWF.PR.F<\/td>\nPerpetual-Discount<\/td>\n1.49 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-11-24
\nMaturity Price : 22.14
\nEvaluated at bid price : 22.54
\nBid-YTW : 5.87 %<\/td>\n<\/tr>\n
PWF.PR.K<\/td>\nPerpetual-Discount<\/td>\n1.49 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-11-24
\nMaturity Price : 21.16
\nEvaluated at bid price : 21.16
\nBid-YTW : 5.92 %<\/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
CM.PR.L<\/td>\nFixedReset<\/td>\n217,805<\/td>\nNesbitt crossed 150,000 at 27.72; RBC crossed 50,000 at the same price.
\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2014-05-30
\nMaturity Price : 25.00
\nEvaluated at bid price : 27.72
\nBid-YTW : 4.00 %<\/td>\n<\/tr>\n
HSB.PR.E<\/td>\nFixedReset<\/td>\n56,703<\/td>\nNesbitt crossed 50,000 at 28.00.
\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2014-07-30
\nMaturity Price : 25.00
\nEvaluated at bid price : 28.05
\nBid-YTW : 4.02 %<\/td>\n<\/tr>\n
RY.PR.X<\/td>\nFixedReset<\/td>\n56,061<\/td>\nDesjardins crossed blocks of 11,700 and 15,000 shares, both at 27.60.
\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2014-09-23
\nMaturity Price : 25.00
\nEvaluated at bid price : 27.55
\nBid-YTW : 3.97 %<\/td>\n<\/tr>\n
ELF.PR.G<\/td>\nPerpetual-Discount<\/td>\n45,253<\/td>\nScotia crossed 30,000 at 17.70.
\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-11-24
\nMaturity Price : 17.70
\nEvaluated at bid price : 17.70
\nBid-YTW : 6.82 %<\/td>\n<\/tr>\n
TD.PR.O<\/td>\nPerpetual-Discount<\/td>\n39,457<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-11-24
\nMaturity Price : 21.51
\nEvaluated at bid price : 21.51
\nBid-YTW : 5.70 %<\/td>\n<\/tr>\n
BMO.PR.J<\/td>\nPerpetual-Discount<\/td>\n36,759<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-11-24
\nMaturity Price : 20.30
\nEvaluated at bid price : 20.30
\nBid-YTW : 5.58 %<\/td>\n<\/tr>\n
There were 34 other index-included issues trading in excess of 10,000 shares.<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

A good solid day for preferred shares with both PerpetualDiscounts and FixedResets gaining 10bp on moderate volume. 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-8834","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/8834","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=8834"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/8834\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=8834"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=8834"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=8834"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}