{"id":23624,"date":"2013-11-12T00:27:25","date_gmt":"2013-11-12T04:27:25","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=23624"},"modified":"2013-11-12T00:27:25","modified_gmt":"2013-11-12T04:27:25","slug":"november-11-2013","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=23624","title":{"rendered":"November 11, 2013"},"content":{"rendered":"

Nothing happened today.<\/p>\n

It was a mixed day for the Canadian preferred share market, with PerpetualDiscounts down 8bp, FixedResets up 27bp and DeemedRetractibles off 3bp. A fairly lengthy Performance Highlights table is comprised entirely of winners, mostly FixedResets. Volume was average.<\/p>\n\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>\n0.1687 %<\/td>\n2,517.3<\/td>\n<\/tr>\n
FixedFloater<\/td>\n4.17 %<\/td>\n3.45 %<\/td>\n28,449<\/td>\n18.47<\/td>\n1<\/td>\n0.0439 %<\/td>\n4,028.4<\/td>\n<\/tr>\n
Floater<\/td>\n2.95 %<\/td>\n2.97 %<\/td>\n61,067<\/td>\n19.76<\/td>\n3<\/td>\n0.1687 %<\/td>\n2,718.0<\/td>\n<\/tr>\n
OpRet<\/td>\n4.60 %<\/td>\n2.28 %<\/td>\n69,034<\/td>\n0.38<\/td>\n3<\/td>\n0.3336 %<\/td>\n2,651.0<\/td>\n<\/tr>\n
SplitShare<\/td>\n4.74 %<\/td>\n5.10 %<\/td>\n68,498<\/td>\n3.92<\/td>\n6<\/td>\n0.0969 %<\/td>\n2,963.1<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.3336 %<\/td>\n2,424.1<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.57 %<\/td>\n4.88 %<\/td>\n125,785<\/td>\n0.28<\/td>\n11<\/td>\n-0.0036 %<\/td>\n2,308.9<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n5.55 %<\/td>\n5.55 %<\/td>\n178,527<\/td>\n14.55<\/td>\n27<\/td>\n-0.0823 %<\/td>\n2,369.2<\/td>\n<\/tr>\n
FixedReset<\/td>\n4.96 %<\/td>\n3.39 %<\/td>\n230,889<\/td>\n3.32<\/td>\n82<\/td>\n0.2740 %<\/td>\n2,479.3<\/td>\n<\/tr>\n
Deemed-Retractible<\/td>\n5.07 %<\/td>\n3.96 %<\/td>\n194,384<\/td>\n1.48<\/td>\n42<\/td>\n-0.0300 %<\/td>\n2,413.6<\/td>\n<\/tr>\n
FloatingReset<\/td>\n2.61 %<\/td>\n2.41 %<\/td>\n293,489<\/td>\n4.50<\/td>\n5<\/td>\n-0.0079 %<\/td>\n2,456.4<\/td>\n<\/tr>\n<\/table>\n\n\n\n\n\n\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
CIU.PR.A<\/td>\nPerpetual-Discount<\/td>\n1.00 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2043-11-11
\nMaturity Price : 21.21
\nEvaluated at bid price : 21.21
\nBid-YTW : 5.44 %<\/td>\n<\/tr>\n
ENB.PR.B<\/td>\nFixedReset<\/td>\n1.02 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2043-11-11
\nMaturity Price : 23.24
\nEvaluated at bid price : 24.84
\nBid-YTW : 4.18 %<\/td>\n<\/tr>\n
BMO.PR.Q<\/td>\nFixedReset<\/td>\n1.03 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2022-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 24.60
\nBid-YTW : 3.54 %<\/td>\n<\/tr>\n
MFC.PR.F<\/td>\nFixedReset<\/td>\n1.08 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 23.30
\nBid-YTW : 4.36 %<\/td>\n<\/tr>\n
GWO.PR.N<\/td>\nFixedReset<\/td>\n1.15 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 22.08
\nBid-YTW : 4.68 %<\/td>\n<\/tr>\n
IAG.PR.A<\/td>\nDeemed-Retractible<\/td>\n1.18 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 22.34
\nBid-YTW : 6.02 %<\/td>\n<\/tr>\n
PWF.PR.L<\/td>\nPerpetual-Discount<\/td>\n1.24 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2043-11-11
\nMaturity Price : 23.43
\nEvaluated at bid price : 23.73
\nBid-YTW : 5.40 %<\/td>\n<\/tr>\n
ENB.PR.H<\/td>\nFixedReset<\/td>\n1.27 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2043-11-11
\nMaturity Price : 22.79
\nEvaluated at bid price : 24.00
\nBid-YTW : 4.12 %<\/td>\n<\/tr>\n
BAM.PR.X<\/td>\nFixedReset<\/td>\n1.41 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2043-11-11
\nMaturity Price : 21.94
\nEvaluated at bid price : 22.32
\nBid-YTW : 4.31 %<\/td>\n<\/tr>\n
CU.PR.C<\/td>\nFixedReset<\/td>\n1.53 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2017-06-01
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.90
\nBid-YTW : 2.88 %<\/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
RY.PR.I<\/td>\nFixedReset<\/td>\n168,842<\/td>\nNesbitt crossed blocks of 50,000 shares, 25,000 and 40,000, all at 25.18.
\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2014-02-24
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.17
\nBid-YTW : 2.01 %<\/td>\n<\/tr>\n
BNS.PR.Z<\/td>\nFixedReset<\/td>\n107,130<\/td>\nNesbitt crossed blocks of 50,000 and 45,000, both at 23.70.
\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2022-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 23.85
\nBid-YTW : 4.03 %<\/td>\n<\/tr>\n
GWO.PR.M<\/td>\nDeemed-Retractible<\/td>\n94,538<\/td>\nGMP sold 21,400 to Scotia at 25.46; 12,000 to Desjardins at 25.53; and another 12,000 to Scotia again at 25.53. Desjardins crossed 12,000 at 25.53; Scotia crossed 25,000 at the same price.
\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.53
\nBid-YTW : 5.66 %<\/td>\n<\/tr>\n
RY.PR.D<\/td>\nDeemed-Retractible<\/td>\n63,870<\/td>\nNesbitt crossed blocks of 50,000 and 10,000, both at 25.45.
\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2015-02-24
\nMaturity Price : 25.25
\nEvaluated at bid price : 25.34
\nBid-YTW : 4.07 %<\/td>\n<\/tr>\n
IAG.PR.F<\/td>\nDeemed-Retractible<\/td>\n51,700<\/td>\nNesbitt crossed 50,000 at 25.50.
\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.50
\nBid-YTW : 5.78 %<\/td>\n<\/tr>\n
ENB.PR.Y<\/td>\nFixedReset<\/td>\n36,220<\/td>\nDesjardins crossed 15,000 at 23.60.
\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2043-11-11
\nMaturity Price : 22.67
\nEvaluated at bid price : 23.84
\nBid-YTW : 4.35 %<\/td>\n<\/tr>\n
There were 31 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
TD.PR.Y<\/td>\nFixedReset<\/td>\nQuote: 25.01 – 25.58
\nSpot Rate : 0.5700
\nAverage : 0.3269<\/p>\n

YTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2022-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.01
\nBid-YTW : 3.57 %<\/td>\n<\/tr>\n

MFC.PR.K<\/td>\nFixedReset<\/td>\nQuote: 24.19 – 24.57
\nSpot Rate : 0.3800
\nAverage : 0.2620<\/p>\n

YTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 24.19
\nBid-YTW : 4.39 %<\/td>\n<\/tr>\n

MFC.PR.C<\/td>\nDeemed-Retractible<\/td>\nQuote: 21.30 – 21.65
\nSpot Rate : 0.3500
\nAverage : 0.2427<\/p>\n

YTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 21.30
\nBid-YTW : 6.50 %<\/td>\n<\/tr>\n

BAM.PR.X<\/td>\nFixedReset<\/td>\nQuote: 22.32 – 22.77
\nSpot Rate : 0.4500
\nAverage : 0.3463<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2043-11-11
\nMaturity Price : 21.94
\nEvaluated at bid price : 22.32
\nBid-YTW : 4.31 %<\/td>\n<\/tr>\n

BMO.PR.Q<\/td>\nFixedReset<\/td>\nQuote: 24.60 – 24.89
\nSpot Rate : 0.2900
\nAverage : 0.2053<\/p>\n

YTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2022-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 24.60
\nBid-YTW : 3.54 %<\/td>\n<\/tr>\n

TRP.PR.A<\/td>\nFixedReset<\/td>\nQuote: 24.24 – 24.50
\nSpot Rate : 0.2600
\nAverage : 0.1794<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2043-11-11
\nMaturity Price : 23.77
\nEvaluated at bid price : 24.24
\nBid-YTW : 3.95 %<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Nothing happened today. It was a mixed day for the Canadian preferred share market, with PerpetualDiscounts down 8bp, FixedResets up 27bp and DeemedRetractibles off 3bp. A fairly lengthy Performance Highlights table is comprised entirely of …<\/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-23624","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/23624","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=23624"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/23624\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=23624"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=23624"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=23624"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}