{"id":23685,"date":"2013-11-20T01:03:51","date_gmt":"2013-11-20T05:03:51","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=23678"},"modified":"2013-11-20T01:03:51","modified_gmt":"2013-11-20T05:03:51","slug":"november-19-2013","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=23685","title":{"rendered":"November 19, 2013"},"content":{"rendered":"

Nothing happened today, as the world waits with bated breath for me to finish server-fiddling.<\/p>\n

It was a mixed day for the Canadian preferred share market, with PerpetualDiscounts and FixedResets both down 9bp, while DeemedRetractibles were up 18bp. Volatility was long-term normal. 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>\n0.1848 %<\/td>\n2,553.5<\/td>\n<\/tr>\n
FixedFloater<\/td>\n4.27 %<\/td>\n3.55 %<\/td>\n31,624<\/td>\n18.25<\/td>\n1<\/td>\n0.0450 %<\/td>\n3,927.7<\/td>\n<\/tr>\n
Floater<\/td>\n2.91 %<\/td>\n2.93 %<\/td>\n59,023<\/td>\n19.87<\/td>\n3<\/td>\n0.1848 %<\/td>\n2,757.1<\/td>\n<\/tr>\n
OpRet<\/td>\n4.62 %<\/td>\n-6.46 %<\/td>\n71,956<\/td>\n0.08<\/td>\n3<\/td>\n0.5026 %<\/td>\n2,663.0<\/td>\n<\/tr>\n
SplitShare<\/td>\n4.72 %<\/td>\n5.15 %<\/td>\n66,921<\/td>\n3.90<\/td>\n6<\/td>\n0.1418 %<\/td>\n2,974.7<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.5026 %<\/td>\n2,435.1<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.58 %<\/td>\n4.30 %<\/td>\n124,961<\/td>\n0.29<\/td>\n11<\/td>\n0.1315 %<\/td>\n2,308.0<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n5.56 %<\/td>\n5.56 %<\/td>\n182,699<\/td>\n14.54<\/td>\n27<\/td>\n-0.0857 %<\/td>\n2,368.5<\/td>\n<\/tr>\n
FixedReset<\/td>\n4.98 %<\/td>\n3.41 %<\/td>\n227,582<\/td>\n3.32<\/td>\n82<\/td>\n-0.0890 %<\/td>\n2,478.1<\/td>\n<\/tr>\n
Deemed-Retractible<\/td>\n5.05 %<\/td>\n3.93 %<\/td>\n194,529<\/td>\n1.45<\/td>\n42<\/td>\n0.1774 %<\/td>\n2,424.6<\/td>\n<\/tr>\n
FloatingReset<\/td>\n2.65 %<\/td>\n2.41 %<\/td>\n313,698<\/td>\n4.47<\/td>\n5<\/td>\n0.0238 %<\/td>\n2,459.3<\/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
CIU.PR.C<\/td>\nFixedReset<\/td>\n-1.67 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2043-11-19
\nMaturity Price : 21.15
\nEvaluated at bid price : 21.15
\nBid-YTW : 3.81 %<\/td>\n<\/tr>\n
GWO.PR.N<\/td>\nFixedReset<\/td>\n-1.50 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 22.31
\nBid-YTW : 4.52 %<\/td>\n<\/tr>\n
CGI.PR.D<\/td>\nSplitShare<\/td>\n1.03 %<\/td>\nYTW SCENARIO
\nMaturity Type : Soft Maturity
\nMaturity Date\t: 2023-06-14
\nMaturity Price : 25.00
\nEvaluated at bid price : 24.45
\nBid-YTW : 4.14 %<\/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
TRP.PR.C<\/td>\nFixedReset<\/td>\n181,003<\/td>\nDesjardins crossed blocks of 77,400 and 80,000, both at 22.75. Nesbitt crossed 12,000 at 22.95.
\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2043-11-19
\nMaturity Price : 22.38
\nEvaluated at bid price : 22.75
\nBid-YTW : 3.77 %<\/td>\n<\/tr>\n
HSE.PR.A<\/td>\nFixedReset<\/td>\n75,652<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2043-11-19
\nMaturity Price : 22.67
\nEvaluated at bid price : 23.24
\nBid-YTW : 3.91 %<\/td>\n<\/tr>\n
BMO.PR.L<\/td>\nDeemed-Retractible<\/td>\n69,450<\/td>\nRBC crossed 64,300 at 26.60.
\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2013-12-19
\nMaturity Price : 26.00
\nEvaluated at bid price : 26.55
\nBid-YTW : -19.96 %<\/td>\n<\/tr>\n
SLF.PR.A<\/td>\nDeemed-Retractible<\/td>\n60,216<\/td>\nRBC crossed 49,600 at 22.75.
\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 22.83
\nBid-YTW : 5.94 %<\/td>\n<\/tr>\n
RY.PR.Y<\/td>\nFixedReset<\/td>\n49,202<\/td>\nRBC crossed 48,700 at 26.10.
\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2014-11-24
\nMaturity Price : 25.00
\nEvaluated at bid price : 26.02
\nBid-YTW : 1.96 %<\/td>\n<\/tr>\n
TRP.PR.B<\/td>\nFixedReset<\/td>\n46,549<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2043-11-19
\nMaturity Price : 20.80
\nEvaluated at bid price : 20.80
\nBid-YTW : 3.81 %<\/td>\n<\/tr>\n
There were 35 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
GWO.PR.N<\/td>\nFixedReset<\/td>\nQuote: 22.31 – 22.89
\nSpot Rate : 0.5800
\nAverage : 0.4312<\/p>\n

YTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 22.31
\nBid-YTW : 4.52 %<\/td>\n<\/tr>\n

CIU.PR.C<\/td>\nFixedReset<\/td>\nQuote: 21.15 – 21.68
\nSpot Rate : 0.5300
\nAverage : 0.4010<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2043-11-19
\nMaturity Price : 21.15
\nEvaluated at bid price : 21.15
\nBid-YTW : 3.81 %<\/td>\n<\/tr>\n

BNA.PR.E<\/td>\nSplitShare<\/td>\nQuote: 25.00 – 25.32
\nSpot Rate : 0.3200
\nAverage : 0.2138<\/p>\n

YTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2017-12-10
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.00
\nBid-YTW : 5.15 %<\/td>\n<\/tr>\n

TD.PR.P<\/td>\nDeemed-Retractible<\/td>\nQuote: 26.05 – 26.51
\nSpot Rate : 0.4600
\nAverage : 0.3553<\/p>\n

YTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2013-12-19
\nMaturity Price : 25.75
\nEvaluated at bid price : 26.05
\nBid-YTW : -5.72 %<\/td>\n<\/tr>\n

BNS.PR.Y<\/td>\nFixedReset<\/td>\nQuote: 23.61 – 24.04
\nSpot Rate : 0.4300
\nAverage : 0.3342<\/p>\n

YTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2022-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 23.61
\nBid-YTW : 3.82 %<\/td>\n<\/tr>\n

HSE.PR.A<\/td>\nFixedReset<\/td>\nQuote: 23.24 – 23.70
\nSpot Rate : 0.4600
\nAverage : 0.3651<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2043-11-19
\nMaturity Price : 22.67
\nEvaluated at bid price : 23.24
\nBid-YTW : 3.91 %<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Nothing happened today, as the world waits with bated breath for me to finish server-fiddling. It was a mixed day for the Canadian preferred share market, with PerpetualDiscounts and FixedResets both down 9bp, while DeemedRetractibles …<\/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-23685","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/23685","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=23685"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/23685\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=23685"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=23685"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=23685"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}