{"id":21245,"date":"2013-03-02T02:01:04","date_gmt":"2013-03-02T06:01:04","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=21245"},"modified":"2013-03-02T02:01:04","modified_gmt":"2013-03-02T06:01:04","slug":"march-1-2013","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=21245","title":{"rendered":"March 1, 2013"},"content":{"rendered":"

Nothing happened today.<\/p>\n

There was a solid gain for the Canadian preferred share market today, with PerpetualPremiums up 11bp, FixedResets winning 14bp and DeemedRetractibles gaining 3bp. Volatility was average. Volume was 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-0.3386 %<\/td>\n2,608.5<\/td>\n<\/tr>\n
FixedFloater<\/td>\n4.11 %<\/td>\n3.45 %<\/td>\n23,325<\/td>\n18.40<\/td>\n1<\/td>\n-0.9438 %<\/td>\n3,952.9<\/td>\n<\/tr>\n
Floater<\/td>\n2.55 %<\/td>\n2.86 %<\/td>\n78,433<\/td>\n20.03<\/td>\n5<\/td>\n-0.3386 %<\/td>\n2,816.5<\/td>\n<\/tr>\n
OpRet<\/td>\n4.80 %<\/td>\n2.71 %<\/td>\n45,326<\/td>\n0.30<\/td>\n5<\/td>\n-0.0849 %<\/td>\n2,597.3<\/td>\n<\/tr>\n
SplitShare<\/td>\n4.60 %<\/td>\n4.51 %<\/td>\n45,215<\/td>\n4.25<\/td>\n2<\/td>\n-0.1598 %<\/td>\n2,926.9<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.0849 %<\/td>\n2,375.0<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.21 %<\/td>\n1.64 %<\/td>\n87,625<\/td>\n0.17<\/td>\n31<\/td>\n0.1106 %<\/td>\n2,355.3<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n4.83 %<\/td>\n4.89 %<\/td>\n131,916<\/td>\n15.60<\/td>\n4<\/td>\n-0.0406 %<\/td>\n2,648.7<\/td>\n<\/tr>\n
FixedReset<\/td>\n4.92 %<\/td>\n2.85 %<\/td>\n280,895<\/td>\n3.51<\/td>\n79<\/td>\n0.1379 %<\/td>\n2,496.7<\/td>\n<\/tr>\n
Deemed-Retractible<\/td>\n4.87 %<\/td>\n2.40 %<\/td>\n143,199<\/td>\n0.24<\/td>\n44<\/td>\n0.0265 %<\/td>\n2,442.7<\/td>\n<\/tr>\n<\/table>\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
BAM.PR.K<\/td>\nFloater<\/td>\n-1.13 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2043-03-01
\nMaturity Price : 18.31
\nEvaluated at bid price : 18.31
\nBid-YTW : 2.89 %<\/td>\n<\/tr>\n
IFC.PR.C<\/td>\nFixedReset<\/td>\n1.17 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2016-09-30
\nMaturity Price : 25.00
\nEvaluated at bid price : 26.71
\nBid-YTW : 2.41 %<\/td>\n<\/tr>\n
FTS.PR.H<\/td>\nFixedReset<\/td>\n1.33 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2015-06-01
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.90
\nBid-YTW : 2.61 %<\/td>\n<\/tr>\n
HSE.PR.A<\/td>\nFixedReset<\/td>\n2.02 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2016-03-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 26.76
\nBid-YTW : 2.33 %<\/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.S<\/td>\nPerpetual-Discount<\/td>\n109,109<\/td>\nRecent new issue<\/a>.
\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2043-03-01
\nMaturity Price : 24.58
\nEvaluated at bid price : 24.97
\nBid-YTW : 4.81 %<\/td>\n<\/tr>\n
VNR.PR.A<\/td>\nFixedReset<\/td>\n73,700<\/td>\nTD crossed 70,000 at 26.50.
\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2017-10-15
\nMaturity Price : 25.00
\nEvaluated at bid price : 26.50
\nBid-YTW : 3.09 %<\/td>\n<\/tr>\n
ENB.PR.T<\/td>\nFixedReset<\/td>\n70,850<\/td>\nDesjardins crossed 50,000 at 25.50.
\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2019-06-01
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.52
\nBid-YTW : 3.64 %<\/td>\n<\/tr>\n
FTS.PR.J<\/td>\nPerpetual-Premium<\/td>\n60,741<\/td>\nNesbitt crossed 53,500 at 25.90.
\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2021-12-01
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.85
\nBid-YTW : 4.30 %<\/td>\n<\/tr>\n
BNS.PR.X<\/td>\nFixedReset<\/td>\n58,740<\/td>\nTD crossed 55,000 at 26.35.
\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2014-04-25
\nMaturity Price : 25.00
\nEvaluated at bid price : 26.31
\nBid-YTW : 2.06 %<\/td>\n<\/tr>\n
BAM.PR.P<\/td>\nFixedReset<\/td>\n54,497<\/td>\nScotia crossed 50,000 at 26.98.
\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2014-09-30
\nMaturity Price : 25.00
\nEvaluated at bid price : 26.98
\nBid-YTW : 2.64 %<\/td>\n<\/tr>\n
There were 28 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
MFC.PR.H<\/td>\nFixedReset<\/td>\nQuote: 26.20 – 26.45
\nSpot Rate : 0.2500
\nAverage : 0.1709<\/p>\n

YTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2017-03-19
\nMaturity Price : 25.00
\nEvaluated at bid price : 26.20
\nBid-YTW : 3.28 %<\/td>\n<\/tr>\n

SLF.PR.H<\/td>\nFixedReset<\/td>\nQuote: 25.39 – 25.60
\nSpot Rate : 0.2100
\nAverage : 0.1460<\/p>\n

YTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2016-09-30
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.39
\nBid-YTW : 3.35 %<\/td>\n<\/tr>\n

BAM.PR.G<\/td>\nFixedFloater<\/td>\nQuote: 23.09 – 23.38
\nSpot Rate : 0.2900
\nAverage : 0.2287<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2043-03-01
\nMaturity Price : 23.30
\nEvaluated at bid price : 23.09
\nBid-YTW : 3.45 %<\/td>\n<\/tr>\n

BNS.PR.L<\/td>\nDeemed-Retractible<\/td>\nQuote: 25.89 – 26.11
\nSpot Rate : 0.2200
\nAverage : 0.1674<\/p>\n

YTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2013-04-26
\nMaturity Price : 25.75
\nEvaluated at bid price : 25.89
\nBid-YTW : 3.01 %<\/td>\n<\/tr>\n

BNS.PR.O<\/td>\nDeemed-Retractible<\/td>\nQuote: 26.46 – 26.62
\nSpot Rate : 0.1600
\nAverage : 0.1120<\/p>\n

YTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2013-04-26
\nMaturity Price : 26.00
\nEvaluated at bid price : 26.46
\nBid-YTW : -3.38 %<\/td>\n<\/tr>\n

FTS.PR.J<\/td>\nPerpetual-Premium<\/td>\nQuote: 25.85 – 26.05
\nSpot Rate : 0.2000
\nAverage : 0.1538<\/p>\n

YTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2021-12-01
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.85
\nBid-YTW : 4.30 %<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Nothing happened today. There was a solid gain for the Canadian preferred share market today, with PerpetualPremiums up 11bp, FixedResets winning 14bp and DeemedRetractibles gaining 3bp. Volatility was average. Volume was 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-21245","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/21245","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=21245"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/21245\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=21245"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=21245"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=21245"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}