{"id":24059,"date":"2013-12-20T00:40:05","date_gmt":"2013-12-20T05:40:05","guid":{"rendered":"http:\/\/prefblog.com\/?p=24059"},"modified":"2013-12-20T00:40:05","modified_gmt":"2013-12-20T05:40:05","slug":"december-19-2013","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=24059","title":{"rendered":"December 19, 2013"},"content":{"rendered":"

Nothing happened today.<\/p>\n

The Canadian preferred share market bounced back a little today, with PerpetualDiscounts winning 26bp, FixedResets gaining 1bp and DeemedRetractibles up 5bp. PerpetualDiscounts dominated the winning side of the Performance Highlights table. Volume was extremely high.<\/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>\n-0.5100 %<\/td>\n2,499.7<\/td>\n<\/tr>\n
FixedFloater<\/td>\n4.52 %<\/td>\n3.81 %<\/td>\n38,080<\/td>\n17.72<\/td>\n1<\/td>\n-0.7092 %<\/td>\n3,710.4<\/td>\n<\/tr>\n
Floater<\/td>\n2.99 %<\/td>\n2.99 %<\/td>\n61,157<\/td>\n19.75<\/td>\n3<\/td>\n-0.5100 %<\/td>\n2,699.0<\/td>\n<\/tr>\n
OpRet<\/td>\n4.64 %<\/td>\n1.63 %<\/td>\n86,919<\/td>\n0.28<\/td>\n3<\/td>\n0.0774 %<\/td>\n2,661.2<\/td>\n<\/tr>\n
SplitShare<\/td>\n4.88 %<\/td>\n4.62 %<\/td>\n78,478<\/td>\n4.49<\/td>\n5<\/td>\n0.2426 %<\/td>\n2,998.5<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.0774 %<\/td>\n2,433.4<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.62 %<\/td>\n5.57 %<\/td>\n143,001<\/td>\n13.91<\/td>\n13<\/td>\n0.0061 %<\/td>\n2,300.5<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n5.72 %<\/td>\n5.71 %<\/td>\n191,619<\/td>\n14.23<\/td>\n25<\/td>\n0.2622 %<\/td>\n2,302.3<\/td>\n<\/tr>\n
FixedReset<\/td>\n5.02 %<\/td>\n3.56 %<\/td>\n241,351<\/td>\n3.48<\/td>\n84<\/td>\n0.0092 %<\/td>\n2,458.9<\/td>\n<\/tr>\n
Deemed-Retractible<\/td>\n5.17 %<\/td>\n4.41 %<\/td>\n210,510<\/td>\n6.65<\/td>\n42<\/td>\n0.0503 %<\/td>\n2,383.4<\/td>\n<\/tr>\n
FloatingReset<\/td>\n2.63 %<\/td>\n2.34 %<\/td>\n296,466<\/td>\n4.39<\/td>\n5<\/td>\n0.1346 %<\/td>\n2,464.4<\/td>\n<\/tr>\n<\/table>\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.C<\/td>\nFixedReset<\/td>\n-1.44 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2043-12-19
\nMaturity Price : 19.81
\nEvaluated at bid price : 19.81
\nBid-YTW : 4.14 %<\/td>\n<\/tr>\n
BAM.PR.K<\/td>\nFloater<\/td>\n-1.07 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2043-12-19
\nMaturity Price : 17.51
\nEvaluated at bid price : 17.51
\nBid-YTW : 2.99 %<\/td>\n<\/tr>\n
TRP.PR.A<\/td>\nFixedReset<\/td>\n-1.06 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2043-12-19
\nMaturity Price : 22.72
\nEvaluated at bid price : 23.25
\nBid-YTW : 4.04 %<\/td>\n<\/tr>\n
PWF.PR.L<\/td>\nPerpetual-Discount<\/td>\n-1.04 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2043-12-19
\nMaturity Price : 22.48
\nEvaluated at bid price : 22.76
\nBid-YTW : 5.68 %<\/td>\n<\/tr>\n
PWF.PR.S<\/td>\nPerpetual-Discount<\/td>\n1.12 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2043-12-19
\nMaturity Price : 21.47
\nEvaluated at bid price : 21.75
\nBid-YTW : 5.59 %<\/td>\n<\/tr>\n
CU.PR.E<\/td>\nPerpetual-Discount<\/td>\n1.12 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2043-12-19
\nMaturity Price : 22.32
\nEvaluated at bid price : 22.65
\nBid-YTW : 5.44 %<\/td>\n<\/tr>\n
ELF.PR.F<\/td>\nPerpetual-Discount<\/td>\n1.31 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2043-12-19
\nMaturity Price : 22.16
\nEvaluated at bid price : 22.44
\nBid-YTW : 6.01 %<\/td>\n<\/tr>\n
PWF.PR.K<\/td>\nPerpetual-Discount<\/td>\n1.51 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2043-12-19
\nMaturity Price : 21.84
\nEvaluated at bid price : 22.15
\nBid-YTW : 5.66 %<\/td>\n<\/tr>\n
BAM.PF.A<\/td>\nFixedReset<\/td>\n1.99 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2018-09-30
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.15
\nBid-YTW : 4.35 %<\/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
BAM.PF.D<\/td>\nPerpetual-Discount<\/td>\n345,989<\/td>\nRBC crossed 291,900 at 18.85.
\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2043-12-19
\nMaturity Price : 19.25
\nEvaluated at bid price : 19.25
\nBid-YTW : 6.40 %<\/td>\n<\/tr>\n
TD.PR.R<\/td>\nDeemed-Retractible<\/td>\n120,988<\/td>\nRBC crossed 116,300 at 26.29.
\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2014-01-18
\nMaturity Price : 26.00
\nEvaluated at bid price : 26.32
\nBid-YTW : -0.80 %<\/td>\n<\/tr>\n
ENB.PR.Y<\/td>\nFixedReset<\/td>\n78,256<\/td>\nRBC crossed 12,700 at 23.15.
\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2043-12-19
\nMaturity Price : 22.25
\nEvaluated at bid price : 23.00
\nBid-YTW : 4.49 %<\/td>\n<\/tr>\n
PWF.PR.S<\/td>\nPerpetual-Discount<\/td>\n75,875<\/td>\nTD crossed 15,900 at 21.75; RBC sold 10,000 to anonymous at 21.66.
\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2043-12-19
\nMaturity Price : 21.47
\nEvaluated at bid price : 21.75
\nBid-YTW : 5.59 %<\/td>\n<\/tr>\n
POW.PR.D<\/td>\nPerpetual-Discount<\/td>\n55,513<\/td>\nTD crossed 50,000 at 22.65.
\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2043-12-19
\nMaturity Price : 22.25
\nEvaluated at bid price : 22.60
\nBid-YTW : 5.62 %<\/td>\n<\/tr>\n
TRP.PR.B<\/td>\nFixedReset<\/td>\n50,415<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2043-12-19
\nMaturity Price : 20.35
\nEvaluated at bid price : 20.35
\nBid-YTW : 3.90 %<\/td>\n<\/tr>\n
There were 64 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
HSE.PR.A<\/td>\nFixedReset<\/td>\nQuote: 22.43 – 22.83
\nSpot Rate : 0.4000
\nAverage : 0.2402<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2043-12-19
\nMaturity Price : 22.14
\nEvaluated at bid price : 22.43
\nBid-YTW : 4.06 %<\/td>\n<\/tr>\n

ENB.PR.H<\/td>\nFixedReset<\/td>\nQuote: 22.48 – 22.94
\nSpot Rate : 0.4600
\nAverage : 0.3089<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2043-12-19
\nMaturity Price : 21.98
\nEvaluated at bid price : 22.48
\nBid-YTW : 4.40 %<\/td>\n<\/tr>\n

TD.PR.O<\/td>\nDeemed-Retractible<\/td>\nQuote: 25.30 – 25.60
\nSpot Rate : 0.3000
\nAverage : 0.1859<\/p>\n

YTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2014-10-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.30
\nBid-YTW : 4.22 %<\/td>\n<\/tr>\n

IAG.PR.F<\/td>\nDeemed-Retractible<\/td>\nQuote: 25.21 – 25.58
\nSpot Rate : 0.3700
\nAverage : 0.2828<\/p>\n

YTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.21
\nBid-YTW : 5.82 %<\/td>\n<\/tr>\n

TD.PR.G<\/td>\nFixedReset<\/td>\nQuote: 25.51 – 25.78
\nSpot Rate : 0.2700
\nAverage : 0.1850<\/p>\n

YTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2014-04-30
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.51
\nBid-YTW : 2.82 %<\/td>\n<\/tr>\n

GWO.PR.G<\/td>\nDeemed-Retractible<\/td>\nQuote: 22.81 – 23.09
\nSpot Rate : 0.2800
\nAverage : 0.1954<\/p>\n

YTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 22.81
\nBid-YTW : 6.33 %<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Nothing happened today. The Canadian preferred share market bounced back a little today, with PerpetualDiscounts winning 26bp, FixedResets gaining 1bp and DeemedRetractibles up 5bp. PerpetualDiscounts dominated the winning side of the Performance Highlights table. 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-24059","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/24059","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=24059"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/24059\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=24059"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=24059"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=24059"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}