{"id":24062,"date":"2013-12-20T22:27:52","date_gmt":"2013-12-21T03:27:52","guid":{"rendered":"http:\/\/prefblog.com\/?p=24062"},"modified":"2013-12-20T22:27:52","modified_gmt":"2013-12-21T03:27:52","slug":"december-20-2013","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=24062","title":{"rendered":"December 20, 2013"},"content":{"rendered":"

Nothing happened today.<\/p>\n

It was a fine day for the Canadian preferred share market, with PerpetualDiscounts winning 37bp, FixedResets gaining 21bp and DeemedRetractibles up 22bp. Volatility was average. Volume was very 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>\n0.1899 %<\/td>\n2,504.5<\/td>\n<\/tr>\n
FixedFloater<\/td>\n4.58 %<\/td>\n3.87 %<\/td>\n37,780<\/td>\n17.62<\/td>\n1<\/td>\n-1.1429 %<\/td>\n3,668.0<\/td>\n<\/tr>\n
Floater<\/td>\n2.98 %<\/td>\n2.98 %<\/td>\n60,310<\/td>\n19.78<\/td>\n3<\/td>\n0.1899 %<\/td>\n2,704.2<\/td>\n<\/tr>\n
OpRet<\/td>\n4.64 %<\/td>\n1.78 %<\/td>\n87,570<\/td>\n0.44<\/td>\n3<\/td>\n0.0000 %<\/td>\n2,661.2<\/td>\n<\/tr>\n
SplitShare<\/td>\n4.88 %<\/td>\n4.79 %<\/td>\n79,415<\/td>\n4.49<\/td>\n5<\/td>\n-0.0161 %<\/td>\n2,998.0<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.0000 %<\/td>\n2,433.4<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.62 %<\/td>\n5.45 %<\/td>\n141,972<\/td>\n4.18<\/td>\n13<\/td>\n0.2041 %<\/td>\n2,305.2<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n5.71 %<\/td>\n5.68 %<\/td>\n189,918<\/td>\n14.40<\/td>\n25<\/td>\n0.3699 %<\/td>\n2,310.8<\/td>\n<\/tr>\n
FixedReset<\/td>\n5.00 %<\/td>\n3.52 %<\/td>\n241,470<\/td>\n3.47<\/td>\n84<\/td>\n0.2117 %<\/td>\n2,464.1<\/td>\n<\/tr>\n
Deemed-Retractible<\/td>\n5.16 %<\/td>\n4.37 %<\/td>\n209,440<\/td>\n1.53<\/td>\n42<\/td>\n0.2187 %<\/td>\n2,388.6<\/td>\n<\/tr>\n
FloatingReset<\/td>\n2.63 %<\/td>\n2.35 %<\/td>\n292,045<\/td>\n4.39<\/td>\n5<\/td>\n0.0237 %<\/td>\n2,464.9<\/td>\n<\/tr>\n<\/table>\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
BAM.PR.G<\/td>\nFixedFloater<\/td>\n-1.14 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2043-12-20
\nMaturity Price : 21.50
\nEvaluated at bid price : 20.76
\nBid-YTW : 3.87 %<\/td>\n<\/tr>\n
PWF.PR.L<\/td>\nPerpetual-Discount<\/td>\n1.10 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2043-12-20
\nMaturity Price : 22.73
\nEvaluated at bid price : 23.01
\nBid-YTW : 5.62 %<\/td>\n<\/tr>\n
PWF.PR.K<\/td>\nPerpetual-Discount<\/td>\n1.17 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2043-12-20
\nMaturity Price : 22.08
\nEvaluated at bid price : 22.41
\nBid-YTW : 5.59 %<\/td>\n<\/tr>\n
BAM.PR.M<\/td>\nPerpetual-Discount<\/td>\n1.24 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2043-12-20
\nMaturity Price : 18.79
\nEvaluated at bid price : 18.79
\nBid-YTW : 6.36 %<\/td>\n<\/tr>\n
SLF.PR.G<\/td>\nFixedReset<\/td>\n1.57 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 22.01
\nBid-YTW : 4.80 %<\/td>\n<\/tr>\n
MFC.PR.F<\/td>\nFixedReset<\/td>\n1.81 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 21.90
\nBid-YTW : 4.97 %<\/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
GWO.PR.G<\/td>\nDeemed-Retractible<\/td>\n78,255<\/td>\nRBC crossed 65,400 at 22.75.
\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 22.80
\nBid-YTW : 6.34 %<\/td>\n<\/tr>\n
GWO.PR.M<\/td>\nDeemed-Retractible<\/td>\n53,790<\/td>\nTD crossed 50,000 at 25.30.
\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.22
\nBid-YTW : 5.71 %<\/td>\n<\/tr>\n
GWO.PR.J<\/td>\nFixedReset<\/td>\n52,795<\/td>\nTD crossed 50,000 at 24.99.
\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2014-01-30
\nMaturity Price : 25.00
\nEvaluated at bid price : 24.99
\nBid-YTW : 4.79 %<\/td>\n<\/tr>\n
ENB.PR.F<\/td>\nFixedReset<\/td>\n50,576<\/td>\nScotia crossed 17,200 at 23.40.
\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2043-12-20
\nMaturity Price : 22.55
\nEvaluated at bid price : 23.44
\nBid-YTW : 4.52 %<\/td>\n<\/tr>\n
BAM.PF.C<\/td>\nPerpetual-Discount<\/td>\n47,478<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2043-12-20
\nMaturity Price : 19.24
\nEvaluated at bid price : 19.24
\nBid-YTW : 6.34 %<\/td>\n<\/tr>\n
BAM.PR.X<\/td>\nFixedReset<\/td>\n46,370<\/td>\nDesjardins crossed 10,000 at 20.81.
\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2043-12-20
\nMaturity Price : 20.50
\nEvaluated at bid price : 20.50
\nBid-YTW : 4.66 %<\/td>\n<\/tr>\n
There were 67 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
TRP.PR.C<\/td>\nFixedReset<\/td>\nQuote: 21.51 – 21.84
\nSpot Rate : 0.3300
\nAverage : 0.2016<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2043-12-20
\nMaturity Price : 21.51
\nEvaluated at bid price : 21.51
\nBid-YTW : 4.09 %<\/td>\n<\/tr>\n

SLF.PR.G<\/td>\nFixedReset<\/td>\nQuote: 22.01 – 22.28
\nSpot Rate : 0.2700
\nAverage : 0.1733<\/p>\n

YTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 22.01
\nBid-YTW : 4.80 %<\/td>\n<\/tr>\n

TCA.PR.Y<\/td>\nPerpetual-Premium<\/td>\nQuote: 50.43 – 50.75
\nSpot Rate : 0.3200
\nAverage : 0.2276<\/p>\n

YTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2014-03-05
\nMaturity Price : 50.00
\nEvaluated at bid price : 50.43
\nBid-YTW : 5.04 %<\/td>\n<\/tr>\n

CU.PR.G<\/td>\nPerpetual-Discount<\/td>\nQuote: 20.60 – 20.94
\nSpot Rate : 0.3400
\nAverage : 0.2493<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2043-12-20
\nMaturity Price : 20.60
\nEvaluated at bid price : 20.60
\nBid-YTW : 5.52 %<\/td>\n<\/tr>\n

TD.PR.S<\/td>\nFixedReset<\/td>\nQuote: 24.91 – 25.23
\nSpot Rate : 0.3200
\nAverage : 0.2319<\/p>\n

YTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2022-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 24.91
\nBid-YTW : 3.52 %<\/td>\n<\/tr>\n

FTS.PR.E<\/td>\nOpRet<\/td>\nQuote: 25.80 – 26.08
\nSpot Rate : 0.2800
\nAverage : 0.1939<\/p>\n

YTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2014-06-01
\nMaturity Price : 25.50
\nEvaluated at bid price : 25.80
\nBid-YTW : 2.76 %<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Nothing happened today. It was a fine day for the Canadian preferred share market, with PerpetualDiscounts winning 37bp, FixedResets gaining 21bp and DeemedRetractibles up 22bp. Volatility was average. Volume was very high. HIMIPref™ Preferred IndicesThese …<\/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-24062","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/24062","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=24062"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/24062\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=24062"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=24062"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=24062"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}