{"id":24100,"date":"2013-12-31T22:12:39","date_gmt":"2014-01-01T03:12:39","guid":{"rendered":"http:\/\/prefblog.com\/?p=24100"},"modified":"2013-12-31T22:12:39","modified_gmt":"2014-01-01T03:12:39","slug":"december-31-2013","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=24100","title":{"rendered":"December 31, 2013"},"content":{"rendered":"

Nothing happened today.<\/p>\n

Another hot day for the Canadian preferred share market, with PerpetualDiscounts winning 53bp, while both FixedResets and DeemedRetractibles were up 25bp. Volume was abysmally low.<\/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>\n1.1029 %<\/td>\n2,523.5<\/td>\n<\/tr>\n
FixedFloater<\/td>\n4.57 %<\/td>\n3.86 %<\/td>\n36,865<\/td>\n17.61<\/td>\n1<\/td>\n0.7752 %<\/td>\n3,675.1<\/td>\n<\/tr>\n
Floater<\/td>\n2.96 %<\/td>\n2.95 %<\/td>\n61,291<\/td>\n19.83<\/td>\n3<\/td>\n1.1029 %<\/td>\n2,724.7<\/td>\n<\/tr>\n
OpRet<\/td>\n4.64 %<\/td>\n2.16 %<\/td>\n80,170<\/td>\n0.41<\/td>\n3<\/td>\n0.0129 %<\/td>\n2,660.9<\/td>\n<\/tr>\n
SplitShare<\/td>\n4.85 %<\/td>\n4.65 %<\/td>\n72,756<\/td>\n4.46<\/td>\n5<\/td>\n0.0803 %<\/td>\n3,021.0<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.0129 %<\/td>\n2,433.1<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.63 %<\/td>\n5.42 %<\/td>\n130,024<\/td>\n4.15<\/td>\n13<\/td>\n0.0966 %<\/td>\n2,312.4<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n5.66 %<\/td>\n5.68 %<\/td>\n182,724<\/td>\n14.41<\/td>\n25<\/td>\n0.5325 %<\/td>\n2,339.8<\/td>\n<\/tr>\n
FixedReset<\/td>\n4.97 %<\/td>\n3.51 %<\/td>\n222,883<\/td>\n3.42<\/td>\n84<\/td>\n0.2523 %<\/td>\n2,473.1<\/td>\n<\/tr>\n
Deemed-Retractible<\/td>\n5.14 %<\/td>\n4.24 %<\/td>\n184,609<\/td>\n1.34<\/td>\n42<\/td>\n0.2464 %<\/td>\n2,397.6<\/td>\n<\/tr>\n
FloatingReset<\/td>\n2.61 %<\/td>\n2.35 %<\/td>\n254,860<\/td>\n4.36<\/td>\n5<\/td>\n0.0316 %<\/td>\n2,468.3<\/td>\n<\/tr>\n<\/table>\n\n\n\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
GWO.PR.P<\/td>\nDeemed-Retractible<\/td>\n-1.17 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 23.71
\nBid-YTW : 6.09 %<\/td>\n<\/tr>\n
HSB.PR.D<\/td>\nDeemed-Retractible<\/td>\n1.00 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2014-12-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.25
\nBid-YTW : 3.99 %<\/td>\n<\/tr>\n
IAG.PR.A<\/td>\nDeemed-Retractible<\/td>\n1.02 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 21.74
\nBid-YTW : 6.29 %<\/td>\n<\/tr>\n
GWO.PR.H<\/td>\nDeemed-Retractible<\/td>\n1.05 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 22.10
\nBid-YTW : 6.36 %<\/td>\n<\/tr>\n
BNS.PR.K<\/td>\nDeemed-Retractible<\/td>\n1.15 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2014-04-28
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.42
\nBid-YTW : 2.00 %<\/td>\n<\/tr>\n
BAM.PR.B<\/td>\nFloater<\/td>\n1.20 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2043-12-31
\nMaturity Price : 17.78
\nEvaluated at bid price : 17.78
\nBid-YTW : 2.95 %<\/td>\n<\/tr>\n
BAM.PR.T<\/td>\nFixedReset<\/td>\n1.26 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2043-12-31
\nMaturity Price : 22.99
\nEvaluated at bid price : 24.10
\nBid-YTW : 4.41 %<\/td>\n<\/tr>\n
BAM.PR.K<\/td>\nFloater<\/td>\n1.31 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2043-12-31
\nMaturity Price : 17.75
\nEvaluated at bid price : 17.75
\nBid-YTW : 2.95 %<\/td>\n<\/tr>\n
CU.PR.F<\/td>\nPerpetual-Discount<\/td>\n1.34 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2043-12-31
\nMaturity Price : 21.10
\nEvaluated at bid price : 21.10
\nBid-YTW : 5.40 %<\/td>\n<\/tr>\n
BAM.PF.D<\/td>\nPerpetual-Discount<\/td>\n1.49 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2043-12-31
\nMaturity Price : 19.79
\nEvaluated at bid price : 19.79
\nBid-YTW : 6.24 %<\/td>\n<\/tr>\n
FTS.PR.F<\/td>\nPerpetual-Discount<\/td>\n1.54 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2043-12-31
\nMaturity Price : 22.12
\nEvaluated at bid price : 22.40
\nBid-YTW : 5.52 %<\/td>\n<\/tr>\n
GWO.PR.J<\/td>\nFixedReset<\/td>\n2.04 %<\/td>\nRather a silly entry. It’s been called for redemption<\/a> and no shares traded today.
\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2014-01-30
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.50
\nBid-YTW : -17.33 %<\/td>\n<\/tr>\n
BAM.PR.X<\/td>\nFixedReset<\/td>\n2.59 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2043-12-31
\nMaturity Price : 21.02
\nEvaluated at bid price : 21.02
\nBid-YTW : 4.68 %<\/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
PWF.PR.T<\/td>\nFixedReset<\/td>\n81,695<\/td>\nRecent new issue<\/a>.
\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2019-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.39
\nBid-YTW : 3.93 %<\/td>\n<\/tr>\n
TD.PR.T<\/td>\nFloatingReset<\/td>\n17,200<\/td>\nNesbitt crossed 16,000 at 25.17.
\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2018-07-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.15
\nBid-YTW : 2.35 %<\/td>\n<\/tr>\n
CU.PR.G<\/td>\nPerpetual-Discount<\/td>\n14,100<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2043-12-31
\nMaturity Price : 21.03
\nEvaluated at bid price : 21.03
\nBid-YTW : 5.42 %<\/td>\n<\/tr>\n
ENB.PR.Y<\/td>\nFixedReset<\/td>\n11,350<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2043-12-31
\nMaturity Price : 22.21
\nEvaluated at bid price : 22.94
\nBid-YTW : 4.61 %<\/td>\n<\/tr>\n
GWO.PR.F<\/td>\nDeemed-Retractible<\/td>\n11,156<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2014-01-30
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.08
\nBid-YTW : 2.01 %<\/td>\n<\/tr>\n
BNS.PR.R<\/td>\nFixedReset<\/td>\n10,819<\/td>\nhas been extended<\/a>. Will reset at 3.83%<\/a>. Yield to Deemed Maturity is 3.78%.
\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2014-02-25
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.33
\nBid-YTW : -0.22 %<\/td>\n<\/tr>\n
There were 0 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
BAM.PF.A<\/td>\nFixedReset<\/td>\nQuote: 25.20 – 25.67
\nSpot Rate : 0.4700
\nAverage : 0.3009<\/p>\n

YTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2018-09-30
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.20
\nBid-YTW : 4.34 %<\/td>\n<\/tr>\n

CU.PR.G<\/td>\nPerpetual-Discount<\/td>\nQuote: 21.03 – 21.49
\nSpot Rate : 0.4600
\nAverage : 0.3190<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2043-12-31
\nMaturity Price : 21.03
\nEvaluated at bid price : 21.03
\nBid-YTW : 5.42 %<\/td>\n<\/tr>\n

GWO.PR.P<\/td>\nDeemed-Retractible<\/td>\nQuote: 23.71 – 24.13
\nSpot Rate : 0.4200
\nAverage : 0.2908<\/p>\n

YTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 23.71
\nBid-YTW : 6.09 %<\/td>\n<\/tr>\n

SLF.PR.I<\/td>\nFixedReset<\/td>\nQuote: 25.81 – 26.15
\nSpot Rate : 0.3400
\nAverage : 0.2211<\/p>\n

YTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2016-12-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.81
\nBid-YTW : 3.13 %<\/td>\n<\/tr>\n

TD.PR.G<\/td>\nFixedReset<\/td>\nQuote: 25.61 – 25.95
\nSpot Rate : 0.3400
\nAverage : 0.2436<\/p>\n

YTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2014-04-30
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.61
\nBid-YTW : 1.89 %<\/td>\n<\/tr>\n

TRP.PR.B<\/td>\nFixedReset<\/td>\nQuote: 20.38 – 20.62
\nSpot Rate : 0.2400
\nAverage : 0.1516<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2043-12-31
\nMaturity Price : 20.38
\nEvaluated at bid price : 20.38
\nBid-YTW : 4.05 %<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Nothing happened today. Another hot day for the Canadian preferred share market, with PerpetualDiscounts winning 53bp, while both FixedResets and DeemedRetractibles were up 25bp. Volume was abysmally low. HIMIPref™ Preferred IndicesThese values reflect the December …<\/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-24100","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/24100","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=24100"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/24100\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=24100"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=24100"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=24100"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}