{"id":21686,"date":"2013-04-09T22:01:51","date_gmt":"2013-04-10T02:01:51","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=21686"},"modified":"2013-04-09T22:01:51","modified_gmt":"2013-04-10T02:01:51","slug":"april-9-2013","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=21686","title":{"rendered":"April 9, 2013"},"content":{"rendered":"

Nothing happened today.<\/p>\n

It was a mixed day on the Canadian preferred share market, with PerpetualPremiums gaining 7bp, FixedResets off 2bp and DeemedRetractibles up 13bp. Volatility was minimal. 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-0.9808 %<\/td>\n2,576.2<\/td>\n<\/tr>\n
FixedFloater<\/td>\n4.11 %<\/td>\n3.47 %<\/td>\n31,264<\/td>\n18.31<\/td>\n1<\/td>\n-0.6879 %<\/td>\n3,954.6<\/td>\n<\/tr>\n
Floater<\/td>\n2.70 %<\/td>\n2.92 %<\/td>\n85,676<\/td>\n19.95<\/td>\n4<\/td>\n-0.9808 %<\/td>\n2,781.6<\/td>\n<\/tr>\n
OpRet<\/td>\n4.79 %<\/td>\n-0.19 %<\/td>\n52,267<\/td>\n0.19<\/td>\n5<\/td>\n0.0695 %<\/td>\n2,613.5<\/td>\n<\/tr>\n
SplitShare<\/td>\n4.81 %<\/td>\n4.00 %<\/td>\n134,760<\/td>\n4.15<\/td>\n5<\/td>\n0.0394 %<\/td>\n2,953.7<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.0695 %<\/td>\n2,389.8<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.18 %<\/td>\n2.77 %<\/td>\n87,879<\/td>\n0.63<\/td>\n32<\/td>\n0.0672 %<\/td>\n2,379.8<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n4.85 %<\/td>\n4.84 %<\/td>\n168,891<\/td>\n15.74<\/td>\n4<\/td>\n0.2138 %<\/td>\n2,682.6<\/td>\n<\/tr>\n
FixedReset<\/td>\n4.90 %<\/td>\n2.64 %<\/td>\n282,182<\/td>\n3.24<\/td>\n80<\/td>\n-0.0188 %<\/td>\n2,516.0<\/td>\n<\/tr>\n
Deemed-Retractible<\/td>\n4.85 %<\/td>\n2.81 %<\/td>\n130,667<\/td>\n0.37<\/td>\n44<\/td>\n0.1311 %<\/td>\n2,459.4<\/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-1.40 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2043-04-09
\nMaturity Price : 23.64
\nEvaluated at bid price : 23.91
\nBid-YTW : 2.18 %<\/td>\n<\/tr>\n
HSB.PR.E<\/td>\nFixedReset<\/td>\n-1.21 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2014-06-30
\nMaturity Price : 25.00
\nEvaluated at bid price : 26.21
\nBid-YTW : 2.70 %<\/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
BNS.PR.P<\/td>\nFixedReset<\/td>\n90,923<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2013-05-25
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.12
\nBid-YTW : -1.09 %<\/td>\n<\/tr>\n
BAM.PR.B<\/td>\nFloater<\/td>\n90,277<\/td>\nRBC crossed 79,100 at 18.00.
\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2043-04-09
\nMaturity Price : 18.05
\nEvaluated at bid price : 18.05
\nBid-YTW : 2.92 %<\/td>\n<\/tr>\n
TRP.PR.D<\/td>\nFixedReset<\/td>\n83,950<\/td>\nDesjardins crossed 47,500 at 26.01; Scotia crossed 20,000 at the same price.
\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2019-04-30
\nMaturity Price : 25.00
\nEvaluated at bid price : 26.01
\nBid-YTW : 3.35 %<\/td>\n<\/tr>\n
TRP.PR.B<\/td>\nFixedReset<\/td>\n60,506<\/td>\nRBC crossed 37,900 at 24.75.
\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2043-04-09
\nMaturity Price : 23.45
\nEvaluated at bid price : 24.78
\nBid-YTW : 2.52 %<\/td>\n<\/tr>\n
BNS.PR.T<\/td>\nFixedReset<\/td>\n50,492<\/td>\nNesbitt crossed 46,600 at 26.05.
\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2014-04-25
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.99
\nBid-YTW : 2.04 %<\/td>\n<\/tr>\n
GWO.PR.L<\/td>\nDeemed-Retractible<\/td>\n30,200<\/td>\nNational crossed 25,000 at 26.48.
\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2014-12-31
\nMaturity Price : 26.00
\nEvaluated at bid price : 26.43
\nBid-YTW : 4.53 %<\/td>\n<\/tr>\n
There were 34 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.F<\/td>\nFixedReset<\/td>\nQuote: 25.45 – 26.40
\nSpot Rate : 0.9500
\nAverage : 0.5648<\/p>\n

YTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2022-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.45
\nBid-YTW : 3.00 %<\/td>\n<\/tr>\n

PWF.PR.F<\/td>\nPerpetual-Premium<\/td>\nQuote: 25.38 – 25.69
\nSpot Rate : 0.3100
\nAverage : 0.2028<\/p>\n

YTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2013-05-09
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.38
\nBid-YTW : -16.11 %<\/td>\n<\/tr>\n

BAM.PR.P<\/td>\nFixedReset<\/td>\nQuote: 26.65 – 26.87
\nSpot Rate : 0.2200
\nAverage : 0.1403<\/p>\n

YTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2014-09-30
\nMaturity Price : 25.00
\nEvaluated at bid price : 26.65
\nBid-YTW : 2.55 %<\/td>\n<\/tr>\n

PWF.PR.L<\/td>\nPerpetual-Premium<\/td>\nQuote: 25.41 – 25.67
\nSpot Rate : 0.2600
\nAverage : 0.1837<\/p>\n

YTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2015-10-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.41
\nBid-YTW : 4.32 %<\/td>\n<\/tr>\n

FTS.PR.F<\/td>\nPerpetual-Premium<\/td>\nQuote: 25.88 – 26.20
\nSpot Rate : 0.3200
\nAverage : 0.2678<\/p>\n

YTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2013-12-01
\nMaturity Price : 25.50
\nEvaluated at bid price : 25.88
\nBid-YTW : 3.25 %<\/td>\n<\/tr>\n

CM.PR.K<\/td>\nFixedReset<\/td>\nQuote: 25.81 – 26.00
\nSpot Rate : 0.1900
\nAverage : 0.1380<\/p>\n

YTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2014-07-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.81
\nBid-YTW : 2.60 %<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Nothing happened today. It was a mixed day on the Canadian preferred share market, with PerpetualPremiums gaining 7bp, FixedResets off 2bp and DeemedRetractibles up 13bp. Volatility was minimal. Volume was average. HIMIPref™ Preferred IndicesThese values …<\/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-21686","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/21686","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=21686"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/21686\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=21686"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=21686"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=21686"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}