{"id":22012,"date":"2013-05-17T20:18:10","date_gmt":"2013-05-18T00:18:10","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=22012"},"modified":"2013-05-17T20:18:10","modified_gmt":"2013-05-18T00:18:10","slug":"may-17-2013","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=22012","title":{"rendered":"May 17, 2013"},"content":{"rendered":"

Nothing happened today either, just like yesterday.<\/p>\n

It was a day of modest gains for the Canadian preferred share market, with PerpetualPremiums gaining 2bp and both FixedResets and DeemedRetractibles up 5bp. Volatility was minimal. Volume was quite low.<\/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>\n0.3243 %<\/td>\n2,563.2<\/td>\n<\/tr>\n
FixedFloater<\/td>\n3.86 %<\/td>\n3.07 %<\/td>\n31,903<\/td>\n18.89<\/td>\n1<\/td>\n0.0000 %<\/td>\n4,259.7<\/td>\n<\/tr>\n
Floater<\/td>\n2.71 %<\/td>\n2.94 %<\/td>\n80,917<\/td>\n19.84<\/td>\n4<\/td>\n0.3243 %<\/td>\n2,767.6<\/td>\n<\/tr>\n
OpRet<\/td>\n4.82 %<\/td>\n2.27 %<\/td>\n67,547<\/td>\n0.13<\/td>\n5<\/td>\n-0.0543 %<\/td>\n2,615.2<\/td>\n<\/tr>\n
SplitShare<\/td>\n4.80 %<\/td>\n4.01 %<\/td>\n104,633<\/td>\n4.10<\/td>\n5<\/td>\n0.3881 %<\/td>\n2,984.0<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.0543 %<\/td>\n2,391.3<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.20 %<\/td>\n3.33 %<\/td>\n96,734<\/td>\n0.53<\/td>\n32<\/td>\n0.0206 %<\/td>\n2,379.2<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n4.84 %<\/td>\n4.88 %<\/td>\n189,506<\/td>\n15.62<\/td>\n4<\/td>\n0.0914 %<\/td>\n2,686.2<\/td>\n<\/tr>\n
FixedReset<\/td>\n4.88 %<\/td>\n2.72 %<\/td>\n250,644<\/td>\n3.14<\/td>\n81<\/td>\n0.0458 %<\/td>\n2,520.2<\/td>\n<\/tr>\n
Deemed-Retractible<\/td>\n4.87 %<\/td>\n3.30 %<\/td>\n134,236<\/td>\n0.76<\/td>\n44<\/td>\n0.0529 %<\/td>\n2,462.3<\/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
BNA.PR.E<\/td>\nSplitShare<\/td>\n1.18 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2017-12-10
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.75
\nBid-YTW : 4.08 %<\/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
CU.PR.G<\/td>\nPerpetual-Premium<\/td>\n137,414<\/td>\nRecent new issue<\/a>.
\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2022-09-01
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.15
\nBid-YTW : 4.45 %<\/td>\n<\/tr>\n
TRP.PR.A<\/td>\nFixedReset<\/td>\n79,275<\/td>\nNesbitt crossed 40,000 at 25.48; TD crossed 30,000 at the same price.
\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2043-05-17
\nMaturity Price : 23.86
\nEvaluated at bid price : 25.49
\nBid-YTW : 3.14 %<\/td>\n<\/tr>\n
GWO.PR.R<\/td>\nDeemed-Retractible<\/td>\n55,171<\/td>\nRBC crossed 34,200 at 25.55.
\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2021-12-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.61
\nBid-YTW : 4.57 %<\/td>\n<\/tr>\n
BAM.PR.O<\/td>\nOpRet<\/td>\n28,850<\/td>\nYTW SCENARIO
\nMaturity Type : Option Certainty
\nMaturity Date\t: 2013-06-30
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.17
\nBid-YTW : 4.59 %<\/td>\n<\/tr>\n
BAM.PF.C<\/td>\nPerpetual-Discount<\/td>\n27,835<\/td>\nRBC crossed 10,000 at 24.90.
\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2043-05-17
\nMaturity Price : 24.49
\nEvaluated at bid price : 24.88
\nBid-YTW : 4.92 %<\/td>\n<\/tr>\n
BMO.PR.M<\/td>\nFixedReset<\/td>\n25,370<\/td>\nNesbitt crossed 20,000 at 25.20.
\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2013-08-25
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.20
\nBid-YTW : 1.67 %<\/td>\n<\/tr>\n
There were 19 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: 25.12 – 25.48
\nSpot Rate : 0.3600
\nAverage : 0.2680<\/p>\n

YTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.12
\nBid-YTW : 3.04 %<\/td>\n<\/tr>\n

BMO.PR.K<\/td>\nDeemed-Retractible<\/td>\nQuote: 26.11 – 26.34
\nSpot Rate : 0.2300
\nAverage : 0.1471<\/p>\n

YTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2013-06-16
\nMaturity Price : 26.00
\nEvaluated at bid price : 26.11
\nBid-YTW : -1.44 %<\/td>\n<\/tr>\n

TCA.PR.X<\/td>\nPerpetual-Premium<\/td>\nQuote: 50.60 – 51.00
\nSpot Rate : 0.4000
\nAverage : 0.3184<\/p>\n

YTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2013-10-15
\nMaturity Price : 50.00
\nEvaluated at bid price : 50.60
\nBid-YTW : 3.33 %<\/td>\n<\/tr>\n

BNS.PR.P<\/td>\nFixedReset<\/td>\nQuote: 25.68 – 25.89
\nSpot Rate : 0.2100
\nAverage : 0.1352<\/p>\n

YTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2018-04-25
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.68
\nBid-YTW : 2.81 %<\/td>\n<\/tr>\n

BNA.PR.C<\/td>\nSplitShare<\/td>\nQuote: 25.02 – 25.23
\nSpot Rate : 0.2100
\nAverage : 0.1419<\/p>\n

YTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2019-01-10
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.02
\nBid-YTW : 4.31 %<\/td>\n<\/tr>\n

TRP.PR.C<\/td>\nFixedReset<\/td>\nQuote: 25.54 – 25.72
\nSpot Rate : 0.1800
\nAverage : 0.1177<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2043-05-17
\nMaturity Price : 23.61
\nEvaluated at bid price : 25.54
\nBid-YTW : 2.79 %<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Nothing happened today either, just like yesterday. It was a day of modest gains for the Canadian preferred share market, with PerpetualPremiums gaining 2bp and both FixedResets and DeemedRetractibles up 5bp. Volatility was minimal. Volume …<\/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-22012","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/22012","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=22012"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/22012\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=22012"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=22012"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=22012"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}