{"id":13771,"date":"2011-01-17T21:31:45","date_gmt":"2011-01-18T01:31:45","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=13771"},"modified":"2011-01-17T21:31:45","modified_gmt":"2011-01-18T01:31:45","slug":"january-17-2011","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=13771","title":{"rendered":"January 17, 2011"},"content":{"rendered":"

It was another good day for the Canadian preferred share market, with PerpetualDiscounts gaining 33bp and FixedResets up 3bp. Volume eased off, but only slightly.<\/p>\n

Deeply discounted Straight Perpetuals were the star performers … again<\/a>.<\/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>\n0.2574 %<\/td>\n2,329.5<\/td>\n<\/tr>\n
FixedFloater<\/td>\n4.77 %<\/td>\n3.45 %<\/td>\n26,174<\/td>\n19.22<\/td>\n1<\/td>\n0.8846 %<\/td>\n3,570.3<\/td>\n<\/tr>\n
Floater<\/td>\n2.57 %<\/td>\n2.35 %<\/td>\n40,114<\/td>\n21.34<\/td>\n4<\/td>\n0.2574 %<\/td>\n2,515.2<\/td>\n<\/tr>\n
OpRet<\/td>\n4.81 %<\/td>\n3.38 %<\/td>\n65,033<\/td>\n2.29<\/td>\n8<\/td>\n0.0337 %<\/td>\n2,391.1<\/td>\n<\/tr>\n
SplitShare<\/td>\n5.31 %<\/td>\n1.24 %<\/td>\n527,696<\/td>\n0.89<\/td>\n4<\/td>\n0.3365 %<\/td>\n2,463.0<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.0337 %<\/td>\n2,186.4<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.64 %<\/td>\n5.23 %<\/td>\n137,580<\/td>\n5.32<\/td>\n20<\/td>\n0.0609 %<\/td>\n2,030.5<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n5.30 %<\/td>\n5.24 %<\/td>\n262,762<\/td>\n14.87<\/td>\n57<\/td>\n0.3312 %<\/td>\n2,084.4<\/td>\n<\/tr>\n
FixedReset<\/td>\n5.22 %<\/td>\n3.36 %<\/td>\n284,906<\/td>\n3.06<\/td>\n52<\/td>\n0.0338 %<\/td>\n2,277.9<\/td>\n<\/tr>\n<\/table>\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
PWF.PR.P<\/td>\nFixedReset<\/td>\n-1.05 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2016-03-01
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.56
\nBid-YTW : 3.89 %<\/td>\n<\/tr>\n
CM.PR.I<\/td>\nPerpetual-Discount<\/td>\n1.00 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2041-01-17
\nMaturity Price : 23.01
\nEvaluated at bid price : 23.20
\nBid-YTW : 5.07 %<\/td>\n<\/tr>\n
RY.PR.G<\/td>\nPerpetual-Discount<\/td>\n1.01 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2041-01-17
\nMaturity Price : 22.82
\nEvaluated at bid price : 23.00
\nBid-YTW : 4.96 %<\/td>\n<\/tr>\n
RY.PR.D<\/td>\nPerpetual-Discount<\/td>\n1.05 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2041-01-17
\nMaturity Price : 22.82
\nEvaluated at bid price : 23.00
\nBid-YTW : 4.96 %<\/td>\n<\/tr>\n
GWO.PR.I<\/td>\nPerpetual-Discount<\/td>\n1.15 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2041-01-17
\nMaturity Price : 22.68
\nEvaluated at bid price : 22.86
\nBid-YTW : 4.95 %<\/td>\n<\/tr>\n
POW.PR.D<\/td>\nPerpetual-Discount<\/td>\n1.27 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2041-01-17
\nMaturity Price : 22.92
\nEvaluated at bid price : 23.14
\nBid-YTW : 5.43 %<\/td>\n<\/tr>\n
RY.PR.N<\/td>\nFixedReset<\/td>\n1.57 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2014-03-26
\nMaturity Price : 25.00
\nEvaluated at bid price : 27.83
\nBid-YTW : 2.82 %<\/td>\n<\/tr>\n
BAM.PR.R<\/td>\nFixedReset<\/td>\n1.58 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2016-07-30
\nMaturity Price : 25.00
\nEvaluated at bid price : 26.36
\nBid-YTW : 4.34 %<\/td>\n<\/tr>\n
SLF.PR.E<\/td>\nPerpetual-Discount<\/td>\n1.69 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2041-01-17
\nMaturity Price : 21.36
\nEvaluated at bid price : 21.63
\nBid-YTW : 5.23 %<\/td>\n<\/tr>\n
CM.PR.J<\/td>\nPerpetual-Discount<\/td>\n1.95 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2041-01-17
\nMaturity Price : 22.77
\nEvaluated at bid price : 22.95
\nBid-YTW : 4.91 %<\/td>\n<\/tr>\n
SLF.PR.A<\/td>\nPerpetual-Discount<\/td>\n1.97 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2041-01-17
\nMaturity Price : 22.56
\nEvaluated at bid price : 22.76
\nBid-YTW : 5.26 %<\/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
PWF.PR.K<\/td>\nPerpetual-Discount<\/td>\n208,521<\/td>\nNesbitt crossed 12,400 at 22.81; RBC crossed 33,800 at 22.95. Nesbitt crossed blocks of 100,000 and 50,000, both at 22.80.
\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2041-01-17
\nMaturity Price : 22.56
\nEvaluated at bid price : 22.75
\nBid-YTW : 5.45 %<\/td>\n<\/tr>\n
SLF.PR.A<\/td>\nPerpetual-Discount<\/td>\n137,510<\/td>\nTD crossed 37,400 at 22.95; RBC crossed 77,700 at the same price.
\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2041-01-17
\nMaturity Price : 22.56
\nEvaluated at bid price : 22.76
\nBid-YTW : 5.26 %<\/td>\n<\/tr>\n
GWO.PR.N<\/td>\nFixedReset<\/td>\n132,318<\/td>\nNesbitt crossed 125,000 at 24.85.
\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2041-01-17
\nMaturity Price : 24.70
\nEvaluated at bid price : 24.75
\nBid-YTW : 3.87 %<\/td>\n<\/tr>\n
FTS.PR.E<\/td>\nOpRet<\/td>\n130,935<\/td>\nNesbitt crossed 125,000 at 26.85.
\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2013-07-01
\nMaturity Price : 25.75
\nEvaluated at bid price : 26.75
\nBid-YTW : 3.38 %<\/td>\n<\/tr>\n
PWF.PR.O<\/td>\nPerpetual-Premium<\/td>\n120,805<\/td>\nRBC crossed 65,700 at 25.01; Nesbitt crossed 50,000 at 25.03.
\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2018-11-30
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.01
\nBid-YTW : 5.80 %<\/td>\n<\/tr>\n
TD.PR.Q<\/td>\nPerpetual-Premium<\/td>\n108,295<\/td>\nDesjardins crossed 100,000 at 25.65.
\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2017-03-02
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.65
\nBid-YTW : 5.09 %<\/td>\n<\/tr>\n
There were 37 other index-included issues trading in excess of 10,000 shares.<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

It was another good day for the Canadian preferred share market, with PerpetualDiscounts gaining 33bp and FixedResets up 3bp. Volume eased off, but only slightly. Deeply discounted Straight Perpetuals were the star performers … again. …<\/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-13771","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/13771","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=13771"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/13771\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=13771"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=13771"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=13771"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}