{"id":20258,"date":"2012-11-14T02:05:45","date_gmt":"2012-11-14T06:05:45","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=20258"},"modified":"2012-11-14T02:05:45","modified_gmt":"2012-11-14T06:05:45","slug":"november-13-2012","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=20258","title":{"rendered":"November 13, 2012"},"content":{"rendered":"

Today’s inspiring photograph has been taken from the website of a company owned by a distant relative.<\/p>\n

\"\"<\/a>
Click for big<\/i><\/div>\n

It was another mixed day for the Canadian preferred share market, with PerpetualPremiums gaining 1bp, FixedResets off 5bp and DeemedRetractibles gaining 3bp. Volatility was low. Volume was relatively heavy, with quite a few issues breaking the 100,000 barrier as the RBC desk did land-office business.<\/p>\n\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-0.2001 %<\/td>\n2,460.5<\/td>\n<\/tr>\n
FixedFloater<\/td>\n4.16 %<\/td>\n3.49 %<\/td>\n31,395<\/td>\n18.32<\/td>\n1<\/td>\n1.1062 %<\/td>\n3,870.3<\/td>\n<\/tr>\n
Floater<\/td>\n2.81 %<\/td>\n3.02 %<\/td>\n54,910<\/td>\n19.64<\/td>\n4<\/td>\n-0.2001 %<\/td>\n2,656.7<\/td>\n<\/tr>\n
OpRet<\/td>\n4.59 %<\/td>\n0.25 %<\/td>\n38,298<\/td>\n0.62<\/td>\n4<\/td>\n0.0284 %<\/td>\n2,586.9<\/td>\n<\/tr>\n
SplitShare<\/td>\n5.35 %<\/td>\n4.54 %<\/td>\n56,140<\/td>\n4.44<\/td>\n3<\/td>\n0.3263 %<\/td>\n2,867.5<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.0284 %<\/td>\n2,365.5<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.25 %<\/td>\n2.16 %<\/td>\n74,587<\/td>\n0.28<\/td>\n30<\/td>\n0.0105 %<\/td>\n2,318.1<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n4.89 %<\/td>\n4.93 %<\/td>\n98,741<\/td>\n15.54<\/td>\n3<\/td>\n-0.0137 %<\/td>\n2,601.7<\/td>\n<\/tr>\n
FixedReset<\/td>\n4.98 %<\/td>\n2.90 %<\/td>\n211,542<\/td>\n3.91<\/td>\n75<\/td>\n-0.0460 %<\/td>\n2,449.2<\/td>\n<\/tr>\n
Deemed-Retractible<\/td>\n4.90 %<\/td>\n3.44 %<\/td>\n122,866<\/td>\n0.94<\/td>\n46<\/td>\n0.0338 %<\/td>\n2,399.7<\/td>\n<\/tr>\n<\/table>\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
IFC.PR.C<\/td>\nFixedReset<\/td>\n-1.07 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2016-09-30
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.92
\nBid-YTW : 3.34 %<\/td>\n<\/tr>\n
IAG.PR.F<\/td>\nDeemed-Retractible<\/td>\n1.10 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2015-03-31
\nMaturity Price : 26.00
\nEvaluated at bid price : 26.60
\nBid-YTW : 4.99 %<\/td>\n<\/tr>\n
BAM.PR.G<\/td>\nFixedFloater<\/td>\n1.11 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2042-11-13
\nMaturity Price : 23.16
\nEvaluated at bid price : 22.85
\nBid-YTW : 3.49 %<\/td>\n<\/tr>\n<\/table>\n\n\n\n\n\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
FTS.PR.J<\/td>\nPerpetual-Premium<\/td>\n1,173,968<\/td>\nNew issue settled today<\/a>.
\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2021-12-01
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.16
\nBid-YTW : 4.69 %<\/td>\n<\/tr>\n
TD.PR.I<\/td>\nFixedReset<\/td>\n233,860<\/td>\nRBC crossed 226,800 at 26.65.
\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2014-07-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 26.72
\nBid-YTW : 2.29 %<\/td>\n<\/tr>\n
NA.PR.Q<\/td>\nFixedReset<\/td>\n213,195<\/td>\nRecent new issue<\/a>.
\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2017-11-15
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.45
\nBid-YTW : 3.44 %<\/td>\n<\/tr>\n
RY.PR.Y<\/td>\nFixedReset<\/td>\n204,530<\/td>\nRBC sold 19,500 to TD at 26.93, then crossed 176,700 at 26.85.
\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2014-11-24
\nMaturity Price : 25.00
\nEvaluated at bid price : 26.90
\nBid-YTW : 2.18 %<\/td>\n<\/tr>\n
TD.PR.K<\/td>\nFixedReset<\/td>\n148,500<\/td>\nRBC corssed 146,100 at 26.65.
\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2014-07-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 26.75
\nBid-YTW : 2.22 %<\/td>\n<\/tr>\n
BNS.PR.T<\/td>\nFixedReset<\/td>\n142,239<\/td>\nRBC crossed 125,000 at 26.60.
\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2014-04-25
\nMaturity Price : 25.00
\nEvaluated at bid price : 26.65
\nBid-YTW : 1.76 %<\/td>\n<\/tr>\n
TD.PR.E<\/td>\nFixedReset<\/td>\n120,920<\/td>\nRBC crossed 118,600 at 26.50.
\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2014-04-30
\nMaturity Price : 25.00
\nEvaluated at bid price : 26.51
\nBid-YTW : 2.18 %<\/td>\n<\/tr>\n
SLF.PR.I<\/td>\nFixedReset<\/td>\n107,342<\/td>\nNesbitt crossed 100,000 at 26.00.
\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2016-12-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 26.00
\nBid-YTW : 3.36 %<\/td>\n<\/tr>\n
RY.PR.P<\/td>\nFixedReset<\/td>\n105,044<\/td>\nRBC crossed 100,000 at 26.30.
\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2014-02-24
\nMaturity Price : 25.00
\nEvaluated at bid price : 26.25
\nBid-YTW : 2.14 %<\/td>\n<\/tr>\n
RY.PR.T<\/td>\nFixedReset<\/td>\n104,853<\/td>\nRBC crossed 100,000 at 26.30.
\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2014-08-24
\nMaturity Price : 25.00
\nEvaluated at bid price : 26.74
\nBid-YTW : 2.16 %<\/td>\n<\/tr>\n
RY.PR.X<\/td>\nFixedReset<\/td>\n104,600<\/td>\nRBC crossed 98,800 at 26.85.
\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2014-08-24
\nMaturity Price : 25.00
\nEvaluated at bid price : 26.76
\nBid-YTW : 2.12 %<\/td>\n<\/tr>\n
There were 35 other index-included issues trading in excess of 10,000 shares.<\/td>\n<\/tr>\n<\/table>\n\n\n\n\n\n\n\n\n\n
Wide Spread Highlights<\/strong><\/td>\n<\/tr>\n
Issue<\/td>\nIndex<\/td>\nQuote Data and Yield Notes<\/td>\n<\/tr>\n
HSB.PR.C<\/td>\nDeemed-Retractible<\/td>\nQuote: 25.83 – 26.50
\nSpot Rate : 0.6700
\nAverage : 0.5796<\/p>\n

YTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2012-12-13
\nMaturity Price : 25.50
\nEvaluated at bid price : 25.83
\nBid-YTW : -3.36 %<\/td>\n<\/tr>\n

PWF.PR.R<\/td>\nPerpetual-Premium<\/td>\nQuote: 26.71 – 27.00
\nSpot Rate : 0.2900
\nAverage : 0.2064<\/p>\n

YTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2021-04-30
\nMaturity Price : 25.00
\nEvaluated at bid price : 26.71
\nBid-YTW : 4.57 %<\/td>\n<\/tr>\n

BAM.PR.K<\/td>\nFloater<\/td>\nQuote: 17.45 – 17.68
\nSpot Rate : 0.2300
\nAverage : 0.1483<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2042-11-13
\nMaturity Price : 17.45
\nEvaluated at bid price : 17.45
\nBid-YTW : 3.03 %<\/td>\n<\/tr>\n

PWF.PR.O<\/td>\nPerpetual-Premium<\/td>\nQuote: 26.75 – 27.04
\nSpot Rate : 0.2900
\nAverage : 0.2153<\/p>\n

YTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2014-10-31
\nMaturity Price : 26.00
\nEvaluated at bid price : 26.75
\nBid-YTW : 4.17 %<\/td>\n<\/tr>\n

HSB.PR.D<\/td>\nDeemed-Retractible<\/td>\nQuote: 25.60 – 25.88
\nSpot Rate : 0.2800
\nAverage : 0.2065<\/p>\n

YTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2013-12-31
\nMaturity Price : 25.25
\nEvaluated at bid price : 25.60
\nBid-YTW : 4.26 %<\/td>\n<\/tr>\n

BAM.PR.X<\/td>\nFixedReset<\/td>\nQuote: 25.10 – 25.27
\nSpot Rate : 0.1700
\nAverage : 0.1061<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2042-11-13
\nMaturity Price : 23.22
\nEvaluated at bid price : 25.10
\nBid-YTW : 3.28 %<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Today’s inspiring photograph has been taken from the website of a company owned by a distant relative. Click for big It was another mixed day for the Canadian preferred share market, with PerpetualPremiums gaining 1bp, …<\/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-20258","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/20258","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=20258"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/20258\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=20258"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=20258"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=20258"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}