{"id":22066,"date":"2013-05-28T02:39:39","date_gmt":"2013-05-28T06:39:39","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=22066"},"modified":"2013-05-28T02:39:39","modified_gmt":"2013-05-28T06:39:39","slug":"may-27-2013","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=22066","title":{"rendered":"May 27, 2013"},"content":{"rendered":"

Nothing happened today.<\/p>\n

It was a directionless day for the Canadian preferred share market, with PerpetualPremiums flat, FixedResets gaining 2bp and DeemedRetractibles up 3bp. Volatility was minimal. Volume was light, with the highlights comprised entirely of FixedResets.<\/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>\n0.5415 %<\/td>\n2,522.8<\/td>\n<\/tr>\n
FixedFloater<\/td>\n3.86 %<\/td>\n3.08 %<\/td>\n34,240<\/td>\n18.86<\/td>\n1<\/td>\n0.9852 %<\/td>\n4,254.5<\/td>\n<\/tr>\n
Floater<\/td>\n2.76 %<\/td>\n3.01 %<\/td>\n76,347<\/td>\n19.64<\/td>\n4<\/td>\n0.5415 %<\/td>\n2,724.0<\/td>\n<\/tr>\n
OpRet<\/td>\n4.83 %<\/td>\n0.91 %<\/td>\n67,096<\/td>\n0.10<\/td>\n5<\/td>\n-0.1009 %<\/td>\n2,613.9<\/td>\n<\/tr>\n
SplitShare<\/td>\n4.80 %<\/td>\n3.96 %<\/td>\n100,419<\/td>\n4.08<\/td>\n5<\/td>\n0.0629 %<\/td>\n2,988.4<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.1009 %<\/td>\n2,390.2<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.19 %<\/td>\n3.87 %<\/td>\n95,457<\/td>\n0.75<\/td>\n32<\/td>\n-0.0024 %<\/td>\n2,382.7<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n4.84 %<\/td>\n4.90 %<\/td>\n194,752<\/td>\n15.58<\/td>\n4<\/td>\n-0.0405 %<\/td>\n2,689.2<\/td>\n<\/tr>\n
FixedReset<\/td>\n4.88 %<\/td>\n2.74 %<\/td>\n250,584<\/td>\n3.15<\/td>\n81<\/td>\n0.0213 %<\/td>\n2,523.4<\/td>\n<\/tr>\n
Deemed-Retractible<\/td>\n4.87 %<\/td>\n3.49 %<\/td>\n132,824<\/td>\n0.97<\/td>\n44<\/td>\n0.0321 %<\/td>\n2,464.9<\/td>\n<\/tr>\n<\/table>\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
MFC.PR.F<\/td>\nFixedReset<\/td>\n-1.45 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.10
\nBid-YTW : 3.08 %<\/td>\n<\/tr>\n
BAM.PR.C<\/td>\nFloater<\/td>\n1.04 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2043-05-27
\nMaturity Price : 17.51
\nEvaluated at bid price : 17.51
\nBid-YTW : 3.02 %<\/td>\n<\/tr>\n
BAM.PR.K<\/td>\nFloater<\/td>\n1.10 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2043-05-27
\nMaturity Price : 17.54
\nEvaluated at bid price : 17.54
\nBid-YTW : 3.02 %<\/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
MFC.PR.J<\/td>\nFixedReset<\/td>\n127,750<\/td>\nScotia crossed 25,000 at 26.30. National crossed three blocks of 25,000 each at the same price. Nesbitt crossed 25,000 at 26.30.
\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2018-03-19
\nMaturity Price : 25.00
\nEvaluated at bid price : 26.30
\nBid-YTW : 2.79 %<\/td>\n<\/tr>\n
ENB.PR.P<\/td>\nFixedReset<\/td>\n62,530<\/td>\nNational crossed three blocks: 19,500 shares, 19,000 and 20,000, all at 25.77.
\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2019-03-01
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.75
\nBid-YTW : 3.43 %<\/td>\n<\/tr>\n
ENB.PR.F<\/td>\nFixedReset<\/td>\n57,743<\/td>\nScotia crossed 50,000 at 25.75.
\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2018-06-01
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.75
\nBid-YTW : 3.35 %<\/td>\n<\/tr>\n
FTS.PR.G<\/td>\nFixedReset<\/td>\n55,300<\/td>\nDesjardins crossed 50,000 at 25.20.
\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2013-09-01
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.14
\nBid-YTW : 2.86 %<\/td>\n<\/tr>\n
TD.PR.E<\/td>\nFixedReset<\/td>\n50,834<\/td>\nTD crossed blocks of 22,000 and 14,000, both at 26.00.
\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2014-04-30
\nMaturity Price : 25.00
\nEvaluated at bid price : 26.01
\nBid-YTW : 2.32 %<\/td>\n<\/tr>\n
TRP.PR.A<\/td>\nFixedReset<\/td>\n40,670<\/td>\nTD crossed 15,000 at 25.48.
\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2043-05-27
\nMaturity Price : 23.86
\nEvaluated at bid price : 25.47
\nBid-YTW : 3.21 %<\/td>\n<\/tr>\n
There were 23 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
CIU.PR.C<\/td>\nFixedReset<\/td>\nQuote: 24.83 – 26.26
\nSpot Rate : 1.4300
\nAverage : 1.0578<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2043-05-27
\nMaturity Price : 23.32
\nEvaluated at bid price : 24.83
\nBid-YTW : 2.72 %<\/td>\n<\/tr>\n

HSE.PR.A<\/td>\nFixedReset<\/td>\nQuote: 25.99 – 26.40
\nSpot Rate : 0.4100
\nAverage : 0.2471<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2043-05-27
\nMaturity Price : 23.71
\nEvaluated at bid price : 25.99
\nBid-YTW : 2.96 %<\/td>\n<\/tr>\n

MFC.PR.F<\/td>\nFixedReset<\/td>\nQuote: 25.10 – 25.50
\nSpot Rate : 0.4000
\nAverage : 0.2553<\/p>\n

YTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.10
\nBid-YTW : 3.08 %<\/td>\n<\/tr>\n

IAG.PR.A<\/td>\nDeemed-Retractible<\/td>\nQuote: 24.84 – 25.20
\nSpot Rate : 0.3600
\nAverage : 0.2459<\/p>\n

YTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 24.84
\nBid-YTW : 4.78 %<\/td>\n<\/tr>\n

VNR.PR.A<\/td>\nFixedReset<\/td>\nQuote: 26.60 – 26.98
\nSpot Rate : 0.3800
\nAverage : 0.3061<\/p>\n

YTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2017-10-15
\nMaturity Price : 25.00
\nEvaluated at bid price : 26.60
\nBid-YTW : 2.92 %<\/td>\n<\/tr>\n

PWF.PR.R<\/td>\nPerpetual-Premium<\/td>\nQuote: 26.74 – 26.96
\nSpot Rate : 0.2200
\nAverage : 0.1531<\/p>\n

YTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2021-04-30
\nMaturity Price : 25.00
\nEvaluated at bid price : 26.74
\nBid-YTW : 4.54 %<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Nothing happened today. It was a directionless day for the Canadian preferred share market, with PerpetualPremiums flat, FixedResets gaining 2bp and DeemedRetractibles up 3bp. Volatility was minimal. Volume was light, with the highlights comprised entirely …<\/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-22066","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/22066","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=22066"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/22066\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=22066"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=22066"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=22066"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}