{"id":21004,"date":"2013-01-31T00:43:29","date_gmt":"2013-01-31T04:43:29","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=21004"},"modified":"2013-01-31T00:43:29","modified_gmt":"2013-01-31T04:43:29","slug":"january-30-2013","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=21004","title":{"rendered":"January 30, 2013"},"content":{"rendered":"

It was a mixed day for the Canadian preferred share market, with PerpetualPremiums down 2bp, FixedResets up 11bp and DeemedRetractibles off 1bp. Volatility was low. Volume was well 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>\n-0.0906 %<\/td>\n2,556.3<\/td>\n<\/tr>\n
FixedFloater<\/td>\n4.18 %<\/td>\n3.50 %<\/td>\n28,179<\/td>\n18.36<\/td>\n1<\/td>\n0.4859 %<\/td>\n3,894.6<\/td>\n<\/tr>\n
Floater<\/td>\n2.72 %<\/td>\n2.92 %<\/td>\n69,501<\/td>\n19.91<\/td>\n4<\/td>\n-0.0906 %<\/td>\n2,760.2<\/td>\n<\/tr>\n
OpRet<\/td>\n4.63 %<\/td>\n1.57 %<\/td>\n57,426<\/td>\n0.38<\/td>\n4<\/td>\n-0.0191 %<\/td>\n2,595.3<\/td>\n<\/tr>\n
SplitShare<\/td>\n4.57 %<\/td>\n4.42 %<\/td>\n43,219<\/td>\n4.29<\/td>\n2<\/td>\n0.2792 %<\/td>\n2,912.4<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.0191 %<\/td>\n2,373.1<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.24 %<\/td>\n0.07 %<\/td>\n88,815<\/td>\n0.15<\/td>\n30<\/td>\n-0.0232 %<\/td>\n2,349.8<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n4.87 %<\/td>\n4.91 %<\/td>\n139,940<\/td>\n15.57<\/td>\n4<\/td>\n0.3377 %<\/td>\n2,635.3<\/td>\n<\/tr>\n
FixedReset<\/td>\n4.91 %<\/td>\n2.88 %<\/td>\n263,289<\/td>\n3.40<\/td>\n78<\/td>\n0.1110 %<\/td>\n2,483.4<\/td>\n<\/tr>\n
Deemed-Retractible<\/td>\n4.88 %<\/td>\n3.30 %<\/td>\n134,367<\/td>\n0.32<\/td>\n45<\/td>\n-0.0083 %<\/td>\n2,430.7<\/td>\n<\/tr>\n<\/table>\n\n\n\n\n\n
Performance Highlights<\/strong><\/td>\n<\/tr>\n
Issue<\/td>\nIndex<\/td>\nChange<\/td>\nNotes<\/td>\n<\/tr>\n
TRI.PR.B<\/td>\nFloater<\/td>\n-1.54 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2043-01-30
\nMaturity Price : 22.76
\nEvaluated at bid price : 23.04
\nBid-YTW : 2.26 %<\/td>\n<\/tr>\n
FTS.PR.H<\/td>\nFixedReset<\/td>\n1.25 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2043-01-30
\nMaturity Price : 23.81
\nEvaluated at bid price : 25.97
\nBid-YTW : 2.79 %<\/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
TD.PR.S<\/td>\nFixedReset<\/td>\n97,890<\/td>\nTD crossed 39,400 at 25.10; National crossed 50,000 at the same price.
\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2022-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.08
\nBid-YTW : 3.13 %<\/td>\n<\/tr>\n
MFC.PR.D<\/td>\nFixedReset<\/td>\n70,517<\/td>\nTD crossed 25,100 at 26.72; Scotia bought blocks of 14,200 and 10,800 from Nesbitt at 26.70.
\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2014-06-19
\nMaturity Price : 25.00
\nEvaluated at bid price : 26.65
\nBid-YTW : 2.32 %<\/td>\n<\/tr>\n
MFC.PR.I<\/td>\nFixedReset<\/td>\n64,270<\/td>\nNational crossed 50,000 at 26.17.
\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2017-09-19
\nMaturity Price : 25.00
\nEvaluated at bid price : 26.19
\nBid-YTW : 3.42 %<\/td>\n<\/tr>\n
TCA.PR.Y<\/td>\nPerpetual-Premium<\/td>\n58,825<\/td>\nDesjardins crossed 57,000 at 52.60.
\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2014-03-05
\nMaturity Price : 50.00
\nEvaluated at bid price : 52.45
\nBid-YTW : 1.06 %<\/td>\n<\/tr>\n
MFC.PR.G<\/td>\nFixedReset<\/td>\n58,770<\/td>\nNational crossed 50,000 at 26.33.
\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2016-12-19
\nMaturity Price : 25.00
\nEvaluated at bid price : 26.30
\nBid-YTW : 3.12 %<\/td>\n<\/tr>\n
BAM.PR.P<\/td>\nFixedReset<\/td>\n53,850<\/td>\nDesjardins crossed 45,000 at 26.93.
\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2014-09-30
\nMaturity Price : 25.00
\nEvaluated at bid price : 26.90
\nBid-YTW : 2.69 %<\/td>\n<\/tr>\n
There were 43 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
BAM.PR.C<\/td>\nFloater<\/td>\nQuote: 18.00 – 18.64
\nSpot Rate : 0.6400
\nAverage : 0.3474<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2043-01-30
\nMaturity Price : 18.00
\nEvaluated at bid price : 18.00
\nBid-YTW : 2.93 %<\/td>\n<\/tr>\n

PWF.PR.R<\/td>\nPerpetual-Premium<\/td>\nQuote: 26.68 – 27.00
\nSpot Rate : 0.3200
\nAverage : 0.1922<\/p>\n

YTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2021-04-30
\nMaturity Price : 25.00
\nEvaluated at bid price : 26.68
\nBid-YTW : 4.54 %<\/td>\n<\/tr>\n

TRI.PR.B<\/td>\nFloater<\/td>\nQuote: 23.04 – 24.00
\nSpot Rate : 0.9600
\nAverage : 0.8362<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2043-01-30
\nMaturity Price : 22.76
\nEvaluated at bid price : 23.04
\nBid-YTW : 2.26 %<\/td>\n<\/tr>\n

HSB.PR.C<\/td>\nDeemed-Retractible<\/td>\nQuote: 25.70 – 25.98
\nSpot Rate : 0.2800
\nAverage : 0.2059<\/p>\n

YTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2013-03-01
\nMaturity Price : 25.50
\nEvaluated at bid price : 25.70
\nBid-YTW : 0.45 %<\/td>\n<\/tr>\n

W.PR.J<\/td>\nPerpetual-Premium<\/td>\nQuote: 25.38 – 25.61
\nSpot Rate : 0.2300
\nAverage : 0.1616<\/p>\n

YTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2013-03-01
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.38
\nBid-YTW : -9.75 %<\/td>\n<\/tr>\n

BMO.PR.O<\/td>\nFixedReset<\/td>\nQuote: 26.44 – 26.64
\nSpot Rate : 0.2000
\nAverage : 0.1349<\/p>\n

YTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2014-05-25
\nMaturity Price : 25.00
\nEvaluated at bid price : 26.44
\nBid-YTW : 1.71 %<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

It was a mixed day for the Canadian preferred share market, with PerpetualPremiums down 2bp, FixedResets up 11bp and DeemedRetractibles off 1bp. Volatility was low. Volume was well above average. HIMIPref™ Preferred IndicesThese values reflect …<\/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-21004","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/21004","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=21004"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/21004\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=21004"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=21004"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=21004"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}