{"id":9116,"date":"2009-12-21T23:19:52","date_gmt":"2009-12-22T03:19:52","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=9116"},"modified":"2009-12-21T23:19:52","modified_gmt":"2009-12-22T03:19:52","slug":"december-21-2009","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=9116","title":{"rendered":"December 21, 2009"},"content":{"rendered":"

Goldman is burnishing its credentials as the toughest dealer on the Street<\/a>:<\/p>\n

Goldman Sachs has threatened the UK Treasury with plans to move up to 20 per cent of its London-based staff to Spain in a standoff over tax and bonuses.<\/p>\n

It’s believed that the Wall Street investment bank, which paid more than \u00a32bn to the Exchequer’s ailing coffers in corporation tax alone last year, has fired a warning shot across the Government’s bows in response to the tax measures unveiled in the pre-Budget report earlier this month.<\/p>\n

Goldman Sachs International was the biggest contributor from the financial services sector to Britain’s purse last year. Previous reports suggest that in some years the firm’s staff have contributed more than \u00a31bn in personal income tax to public coffers.<\/p><\/blockquote>\n

PerpetualDiscounts were off today, losing 8bp, but FixedResets just kept on keeping on, gaining 6bp on good volume. How Low Can They Go?<\/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>\n0.2326 %<\/td>\n1,574.6<\/td>\n<\/tr>\n
FixedFloater<\/td>\n5.76 %<\/td>\n3.90 %<\/td>\n41,043<\/td>\n18.91<\/td>\n1<\/td>\n-1.6146 %<\/td>\n2,706.3<\/td>\n<\/tr>\n
Floater<\/td>\n2.49 %<\/td>\n2.91 %<\/td>\n107,859<\/td>\n19.95<\/td>\n3<\/td>\n0.2326 %<\/td>\n1,967.1<\/td>\n<\/tr>\n
OpRet<\/td>\n4.86 %<\/td>\n-4.35 %<\/td>\n130,747<\/td>\n0.09<\/td>\n15<\/td>\n-0.1019 %<\/td>\n2,318.5<\/td>\n<\/tr>\n
SplitShare<\/td>\n6.43 %<\/td>\n-6.01 %<\/td>\n231,371<\/td>\n0.08<\/td>\n2<\/td>\n0.1555 %<\/td>\n2,088.4<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.1019 %<\/td>\n2,120.0<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.86 %<\/td>\n5.77 %<\/td>\n81,846<\/td>\n2.32<\/td>\n7<\/td>\n0.2444 %<\/td>\n1,882.0<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n5.79 %<\/td>\n5.85 %<\/td>\n198,595<\/td>\n14.05<\/td>\n68<\/td>\n-0.0844 %<\/td>\n1,798.0<\/td>\n<\/tr>\n
FixedReset<\/td>\n5.40 %<\/td>\n3.68 %<\/td>\n348,265<\/td>\n3.86<\/td>\n41<\/td>\n0.0561 %<\/td>\n2,166.1<\/td>\n<\/tr>\n<\/table>\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
HSB.PR.C<\/td>\nPerpetual-Discount<\/td>\n-2.71 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-12-21
\nMaturity Price : 21.54
\nEvaluated at bid price : 21.54
\nBid-YTW : 5.95 %<\/td>\n<\/tr>\n
BAM.PR.G<\/td>\nFixedFloater<\/td>\n-1.61 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-12-21
\nMaturity Price : 25.00
\nEvaluated at bid price : 18.89
\nBid-YTW : 3.90 %<\/td>\n<\/tr>\n
MFC.PR.A<\/td>\nOpRet<\/td>\n-1.18 %<\/td>\nYTW SCENARIO
\nMaturity Type : Soft Maturity
\nMaturity Date\t: 2015-12-18
\nMaturity Price : 25.00
\nEvaluated at bid price : 26.04
\nBid-YTW : 3.35 %<\/td>\n<\/tr>\n
CIU.PR.A<\/td>\nPerpetual-Discount<\/td>\n-1.00 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-12-21
\nMaturity Price : 19.80
\nEvaluated at bid price : 19.80
\nBid-YTW : 5.87 %<\/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.A<\/td>\nOpRet<\/td>\n51,219<\/td>\nRBC crossed 48,800 at 26.45.
\nYTW SCENARIO
\nMaturity Type : Soft Maturity
\nMaturity Date\t: 2015-12-18
\nMaturity Price : 25.00
\nEvaluated at bid price : 26.04
\nBid-YTW : 3.35 %<\/td>\n<\/tr>\n
CM.PR.L<\/td>\nFixedReset<\/td>\n46,986<\/td>\nRBC bought 15,500 from CIBC at 28.15.
\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2014-05-30
\nMaturity Price : 25.00
\nEvaluated at bid price : 28.15
\nBid-YTW : 3.68 %<\/td>\n<\/tr>\n
RY.PR.F<\/td>\nPerpetual-Discount<\/td>\n44,474<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-12-21
\nMaturity Price : 20.30
\nEvaluated at bid price : 20.30
\nBid-YTW : 5.55 %<\/td>\n<\/tr>\n
GWO.PR.I<\/td>\nPerpetual-Discount<\/td>\n43,226<\/td>\nTD crossed 25,000 at 18.74.
\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-12-21
\nMaturity Price : 18.70
\nEvaluated at bid price : 18.70
\nBid-YTW : 6.05 %<\/td>\n<\/tr>\n
GWO.PR.X<\/td>\nOpRet<\/td>\n38,991<\/td>\nCalled for redemption<\/a>.
\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2010-10-30
\nMaturity Price : 25.67
\nEvaluated at bid price : 25.96
\nBid-YTW : 3.20 %<\/td>\n<\/tr>\n
BAM.PR.K<\/td>\nFloater<\/td>\n33,250<\/td>\nRBC crossed 25,000 at 13.25.
\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-12-21
\nMaturity Price : 13.26
\nEvaluated at bid price : 13.26
\nBid-YTW : 2.96 %<\/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":"

Goldman is burnishing its credentials as the toughest dealer on the Street: Goldman Sachs has threatened the UK Treasury with plans to move up to 20 per cent of its London-based staff to Spain in …<\/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-9116","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/9116","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=9116"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/9116\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=9116"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=9116"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=9116"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}