{"id":9162,"date":"2009-12-23T20:51:26","date_gmt":"2009-12-24T00:51:26","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=9162"},"modified":"2009-12-23T20:51:26","modified_gmt":"2009-12-24T00:51:26","slug":"december-23-2009","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=9162","title":{"rendered":"December 23, 2009"},"content":{"rendered":"<p>Volume held up today, as PerpetualDiscounts slipped 14bp but FixedResets continued to defy gravity, gaining 3bp to take yields down to 3.66%.<\/p>\n<table border='1'>\n<tr>\n<td colspan='8'><strong>HIMIPref&trade; Preferred Indices<br \/>These values reflect the December 2008 revision of the HIMIPref&trade; Indices<\/strong><br \/>Values are provisional and are finalized monthly<\/td>\n<\/tr>\n<tr>\n<td>Index<\/td>\n<td>Mean<br \/>Current<br \/>Yield<br \/>(at bid)<\/td>\n<td>Median<br \/>YTW<\/td>\n<td>Median<br \/>Average<br \/>Trading<br \/>Value<\/td>\n<td>Median<br \/>Mod Dur<br \/>(YTW)<\/td>\n<td>Issues<\/td>\n<td>Day&#8217;s Perf.<\/td>\n<td>Index Value<\/td>\n<\/tr>\n<tr>\n<td>Ratchet<\/td>\n<td>0.00 %<\/td>\n<td>0.00 %<\/td>\n<td>0<\/td>\n<td>0.00<\/td>\n<td>0<\/td>\n<td>1.4325 %<\/td>\n<td>1,599.1<\/td>\n<\/tr>\n<tr>\n<td>FixedFloater<\/td>\n<td>5.85 %<\/td>\n<td>3.99 %<\/td>\n<td>40,798<\/td>\n<td>18.79<\/td>\n<td>1<\/td>\n<td>-0.2148 %<\/td>\n<td>2,661.9<\/td>\n<\/tr>\n<tr>\n<td>Floater<\/td>\n<td>2.45 %<\/td>\n<td>2.83 %<\/td>\n<td>117,020<\/td>\n<td>20.17<\/td>\n<td>3<\/td>\n<td>1.4325 %<\/td>\n<td>1,997.8<\/td>\n<\/tr>\n<tr>\n<td>OpRet<\/td>\n<td>4.86 %<\/td>\n<td>-6.31 %<\/td>\n<td>127,956<\/td>\n<td>0.09<\/td>\n<td>15<\/td>\n<td>0.0435 %<\/td>\n<td>2,320.2<\/td>\n<\/tr>\n<tr>\n<td>SplitShare<\/td>\n<td>6.43 %<\/td>\n<td>-6.01 %<\/td>\n<td>219,731<\/td>\n<td>0.08<\/td>\n<td>2<\/td>\n<td>0.1776 %<\/td>\n<td>2,090.3<\/td>\n<\/tr>\n<tr>\n<td>Interest-Bearing<\/td>\n<td>0.00 %<\/td>\n<td>0.00 %<\/td>\n<td>0<\/td>\n<td>0.00<\/td>\n<td>0<\/td>\n<td>0.0435 %<\/td>\n<td>2,121.6<\/td>\n<\/tr>\n<tr>\n<td>Perpetual-Premium<\/td>\n<td>5.86 %<\/td>\n<td>5.87 %<\/td>\n<td>79,094<\/td>\n<td>2.32<\/td>\n<td>7<\/td>\n<td>0.1191 %<\/td>\n<td>1,883.5<\/td>\n<\/tr>\n<tr>\n<td>Perpetual-Discount<\/td>\n<td>5.82 %<\/td>\n<td>5.86 %<\/td>\n<td>198,300<\/td>\n<td>14.09<\/td>\n<td>68<\/td>\n<td>-0.1351 %<\/td>\n<td>1,793.0<\/td>\n<\/tr>\n<tr>\n<td>FixedReset<\/td>\n<td>5.40 %<\/td>\n<td>3.66 %<\/td>\n<td>337,300<\/td>\n<td>3.86<\/td>\n<td>41<\/td>\n<td>0.0299 %<\/td>\n<td>2,169.6<\/td>\n<\/tr>\n<\/table>\n<table border='1'>\n<tr>\n<td colspan='4'><strong>Performance Highlights<\/strong><\/td>\n<\/tr>\n<tr>\n<td>Issue<\/td>\n<td>Index<\/td>\n<td>Change<\/td>\n<td>Notes<\/td>\n<\/tr>\n<tr>\n<td>POW.PR.D<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-1.79 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2039-12-23<br \/>\nMaturity Price  : 20.26<br \/>\nEvaluated at bid price : 20.26<br \/>\nBid-YTW : 6.19 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PR.P<\/td>\n<td>FixedReset<\/td>\n<td>-1.24 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Call<br \/>\nMaturity Date\t: 2014-10-30<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 27.01<br \/>\nBid-YTW : 5.11 %<\/td>\n<\/tr>\n<tr>\n<td>POW.PR.B<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-1.14 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2039-12-23<br \/>\nMaturity Price  : 21.44<br \/>\nEvaluated at bid price : 21.75<br \/>\nBid-YTW : 6.15 %<\/td>\n<\/tr>\n<tr>\n<td>CM.PR.E<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-1.11 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2039-12-23<br \/>\nMaturity Price  : 23.54<br \/>\nEvaluated at bid price : 23.83<br \/>\nBid-YTW : 5.86 %<\/td>\n<\/tr>\n<tr>\n<td>POW.PR.A<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-1.08 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2039-12-23<br \/>\nMaturity Price  : 22.71<br \/>\nEvaluated at bid price : 23.00<br \/>\nBid-YTW : 6.09 %<\/td>\n<\/tr>\n<tr>\n<td>TRI.PR.B<\/td>\n<td>Floater<\/td>\n<td>1.22 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2039-12-23<br \/>\nMaturity Price  : 20.75<br \/>\nEvaluated at bid price : 20.75<br \/>\nBid-YTW : 1.89 %<\/td>\n<\/tr>\n<tr>\n<td>CIU.PR.A<\/td>\n<td>Perpetual-Discount<\/td>\n<td>1.32 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2039-12-23<br \/>\nMaturity Price  : 19.96<br \/>\nEvaluated at bid price : 19.96<br \/>\nBid-YTW : 5.83 %<\/td>\n<\/tr>\n<tr>\n<td>BMO.PR.M<\/td>\n<td>FixedReset<\/td>\n<td>1.71 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Call<br \/>\nMaturity Date\t: 2013-09-24<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 26.75<br \/>\nBid-YTW : 3.09 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PR.B<\/td>\n<td>Floater<\/td>\n<td>2.43 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2039-12-23<br \/>\nMaturity Price  : 13.90<br \/>\nEvaluated at bid price : 13.90<br \/>\nBid-YTW : 2.83 %<\/td>\n<\/tr>\n<\/table>\n<table border='1'>\n<tr>\n<td colspan='4'><strong>Volume Highlights<\/strong><\/td>\n<\/tr>\n<tr>\n<td>Issue<\/td>\n<td>Index<\/td>\n<td>Shares<br \/>Traded<\/td>\n<td>Notes<\/td>\n<\/tr>\n<tr>\n<td>MFC.PR.E<\/td>\n<td>FixedReset<\/td>\n<td>58,865<\/td>\n<td>RBC crossed 49,900 at 27.05.<br \/>\nYTW SCENARIO<br \/>\nMaturity Type   : Call<br \/>\nMaturity Date\t: 2014-10-19<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 27.05<br \/>\nBid-YTW : 3.77 %<\/td>\n<\/tr>\n<tr>\n<td>IGM.PR.B<\/td>\n<td>Perpetual-Discount<\/td>\n<td>45,825<\/td>\n<td><a href=\"http:\/\/www.prefblog.com\/?p=9065\">Inventory Blow-Out Sale<\/a><br \/>\nYTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2039-12-23<br \/>\nMaturity Price  : 24.11<br \/>\nEvaluated at bid price : 24.30<br \/>\nBid-YTW : 6.12 %<\/td>\n<\/tr>\n<tr>\n<td>SLF.PR.F<\/td>\n<td>FixedReset<\/td>\n<td>38,974<\/td>\n<td>RBC crossed 35,000 at 27.50.<br \/>\nYTW SCENARIO<br \/>\nMaturity Type   : Call<br \/>\nMaturity Date\t: 2014-07-30<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 27.50<br \/>\nBid-YTW : 3.63 %<\/td>\n<\/tr>\n<tr>\n<td>CM.PR.I<\/td>\n<td>Perpetual-Discount<\/td>\n<td>38,080<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2039-12-23<br \/>\nMaturity Price  : 20.18<br \/>\nEvaluated at bid price : 20.18<br \/>\nBid-YTW : 5.82 %<\/td>\n<\/tr>\n<tr>\n<td>TRP.PR.A<\/td>\n<td>FixedReset<\/td>\n<td>33,146<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Call<br \/>\nMaturity Date\t: 2015-01-30<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 25.90<br \/>\nBid-YTW : 3.81 %<\/td>\n<\/tr>\n<tr>\n<td>RY.PR.X<\/td>\n<td>FixedReset<\/td>\n<td>31,978<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Call<br \/>\nMaturity Date\t: 2014-09-23<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 27.95<br \/>\nBid-YTW : 3.70 %<\/td>\n<\/tr>\n<tr>\n<td colspan='4'>There were 38 other index-included issues trading in excess of 10,000 shares.<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Volume held up today, as PerpetualDiscounts slipped 14bp but FixedResets continued to defy gravity, gaining 3bp to take yields down to 3.66%. HIMIPref&trade; Preferred IndicesThese values reflect the December 2008 revision of the HIMIPref&trade; IndicesValues &hellip;<\/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-9162","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/9162","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=9162"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/9162\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=9162"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=9162"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=9162"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}