{"id":20426,"date":"2012-11-30T00:38:01","date_gmt":"2012-11-30T04:38:01","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=20426"},"modified":"2012-11-30T00:38:01","modified_gmt":"2012-11-30T04:38:01","slug":"november-29-2012","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=20426","title":{"rendered":"November 29, 2012"},"content":{"rendered":"

Nothing happened today.<\/p>\n

It was a mixed day for the Canadian preferred share market, with PerpetualPremiums gaining 7bp, FixedResets off 2bp and DeemedRetractibles gaining 6bp. Volatility was minimal. Volume was above average.<\/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>\n0.0534 %<\/td>\n2,466.8<\/td>\n<\/tr>\n
FixedFloater<\/td>\n4.19 %<\/td>\n3.54 %<\/td>\n26,924<\/td>\n18.21<\/td>\n1<\/td>\n-0.2203 %<\/td>\n3,836.4<\/td>\n<\/tr>\n
Floater<\/td>\n2.80 %<\/td>\n3.00 %<\/td>\n56,100<\/td>\n19.66<\/td>\n4<\/td>\n0.0534 %<\/td>\n2,663.4<\/td>\n<\/tr>\n
OpRet<\/td>\n4.60 %<\/td>\n0.34 %<\/td>\n38,854<\/td>\n0.57<\/td>\n4<\/td>\n-0.1986 %<\/td>\n2,599.0<\/td>\n<\/tr>\n
SplitShare<\/td>\n5.45 %<\/td>\n4.77 %<\/td>\n62,738<\/td>\n4.45<\/td>\n3<\/td>\n-0.1587 %<\/td>\n2,855.0<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.1986 %<\/td>\n2,376.5<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.26 %<\/td>\n1.80 %<\/td>\n72,833<\/td>\n0.17<\/td>\n30<\/td>\n0.0744 %<\/td>\n2,318.6<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n4.87 %<\/td>\n4.90 %<\/td>\n125,889<\/td>\n15.57<\/td>\n4<\/td>\n-0.1324 %<\/td>\n2,611.8<\/td>\n<\/tr>\n
FixedReset<\/td>\n5.00 %<\/td>\n3.01 %<\/td>\n203,072<\/td>\n4.17<\/td>\n75<\/td>\n-0.0215 %<\/td>\n2,446.0<\/td>\n<\/tr>\n
Deemed-Retractible<\/td>\n4.91 %<\/td>\n2.86 %<\/td>\n120,738<\/td>\n0.48<\/td>\n46<\/td>\n0.0591 %<\/td>\n2,406.0<\/td>\n<\/tr>\n<\/table>\n\n\n\n\n
Performance Highlights<\/strong><\/td>\n<\/tr>\n
Issue<\/td>\nIndex<\/td>\nChange<\/td>\nNotes<\/td>\n<\/tr>\n
IAG.PR.A<\/td>\nDeemed-Retractible<\/td>\n-1.09 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2022-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 24.56
\nBid-YTW : 4.81 %<\/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
BMO.PR.P<\/td>\nFixedReset<\/td>\n437,597<\/td>\nRBC crossed blocks of 235,000 shares, 175,000 and 18,700, all at 26.65.
\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2015-02-25
\nMaturity Price : 25.00
\nEvaluated at bid price : 26.62
\nBid-YTW : 2.46 %<\/td>\n<\/tr>\n
BAM.PF.C<\/td>\nPerpetual-Discount<\/td>\n88,070<\/td>\nRecent new issue<\/a>.
\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2042-11-29
\nMaturity Price : 24.14
\nEvaluated at bid price : 24.50
\nBid-YTW : 4.96 %<\/td>\n<\/tr>\n
ENB.PR.P<\/td>\nFixedReset<\/td>\n74,098<\/td>\nScotia bought 10,000 from CIBC at 25.07; Nesbitt crossed 25,000 at 25.08.
\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2042-11-29
\nMaturity Price : 23.12
\nEvaluated at bid price : 25.07
\nBid-YTW : 3.73 %<\/td>\n<\/tr>\n
TD.PR.Y<\/td>\nFixedReset<\/td>\n71,122<\/td>\nDesjardins crossed 30,000 at 24.80.
\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2022-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 24.73
\nBid-YTW : 3.42 %<\/td>\n<\/tr>\n
GWO.PR.J<\/td>\nFixedReset<\/td>\n70,770<\/td>\nNational crossed 54,200 at 26.06.
\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2013-12-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 26.06
\nBid-YTW : 1.57 %<\/td>\n<\/tr>\n
GWO.PR.R<\/td>\nDeemed-Retractible<\/td>\n46,100<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2022-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.03
\nBid-YTW : 4.76 %<\/td>\n<\/tr>\n
There were 37 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
FTS.PR.E<\/td>\nOpRet<\/td>\nQuote: 27.02 – 28.02
\nSpot Rate : 1.0000
\nAverage : 0.5619<\/p>\n

YTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2013-06-01
\nMaturity Price : 25.75
\nEvaluated at bid price : 27.02
\nBid-YTW : -4.84 %<\/td>\n<\/tr>\n

IAG.PR.A<\/td>\nDeemed-Retractible<\/td>\nQuote: 24.56 – 24.98
\nSpot Rate : 0.4200
\nAverage : 0.2607<\/p>\n

YTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2022-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 24.56
\nBid-YTW : 4.81 %<\/td>\n<\/tr>\n

GWO.PR.M<\/td>\nDeemed-Retractible<\/td>\nQuote: 26.63 – 26.97
\nSpot Rate : 0.3400
\nAverage : 0.2171<\/p>\n

YTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2015-03-31
\nMaturity Price : 26.00
\nEvaluated at bid price : 26.63
\nBid-YTW : 4.28 %<\/td>\n<\/tr>\n

CU.PR.E<\/td>\nPerpetual-Premium<\/td>\nQuote: 26.26 – 26.59
\nSpot Rate : 0.3300
\nAverage : 0.2251<\/p>\n

YTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2021-09-01
\nMaturity Price : 25.00
\nEvaluated at bid price : 26.26
\nBid-YTW : 4.23 %<\/td>\n<\/tr>\n

IGM.PR.B<\/td>\nPerpetual-Premium<\/td>\nQuote: 26.86 – 27.24
\nSpot Rate : 0.3800
\nAverage : 0.2807<\/p>\n

YTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2014-12-31
\nMaturity Price : 26.00
\nEvaluated at bid price : 26.86
\nBid-YTW : 4.25 %<\/td>\n<\/tr>\n

GWO.PR.I<\/td>\nDeemed-Retractible<\/td>\nQuote: 24.22 – 24.55
\nSpot Rate : 0.3300
\nAverage : 0.2314<\/p>\n

YTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2022-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 24.22
\nBid-YTW : 4.90 %<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Nothing happened today. It was a mixed day for the Canadian preferred share market, with PerpetualPremiums gaining 7bp, FixedResets off 2bp and DeemedRetractibles gaining 6bp. Volatility was minimal. Volume was above average. HIMIPref™ Preferred IndicesThese …<\/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-20426","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/20426","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=20426"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/20426\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=20426"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=20426"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=20426"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}