{"id":24380,"date":"2014-02-04T22:15:17","date_gmt":"2014-02-05T03:15:17","guid":{"rendered":"http:\/\/prefblog.com\/?p=24380"},"modified":"2014-02-04T22:15:17","modified_gmt":"2014-02-05T03:15:17","slug":"february-4-2014","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=24380","title":{"rendered":"February 4, 2014"},"content":{"rendered":"

Nothing happened today.<\/p>\n

It was a good day for the Canadian preferred share market, with PerpetualDiscounts winning 38bp, FixedResets gaining 11bp and DeemedRetractibles up 16bp. The performance highlights table is short, but comprised entirely of winning PerpetualDiscounts. 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>\n-0.5263 %<\/td>\n2,345.1<\/td>\n<\/tr>\n
FixedFloater<\/td>\n4.60 %<\/td>\n3.85 %<\/td>\n27,781<\/td>\n17.74<\/td>\n1<\/td>\n0.1941 %<\/td>\n3,688.9<\/td>\n<\/tr>\n
Floater<\/td>\n3.09 %<\/td>\n3.17 %<\/td>\n56,417<\/td>\n19.29<\/td>\n4<\/td>\n-0.5263 %<\/td>\n2,532.1<\/td>\n<\/tr>\n
OpRet<\/td>\n4.60 %<\/td>\n0.29 %<\/td>\n75,655<\/td>\n0.15<\/td>\n3<\/td>\n0.1279 %<\/td>\n2,684.5<\/td>\n<\/tr>\n
SplitShare<\/td>\n4.86 %<\/td>\n4.93 %<\/td>\n60,729<\/td>\n4.37<\/td>\n5<\/td>\n0.1769 %<\/td>\n3,018.4<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.1279 %<\/td>\n2,454.7<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.65 %<\/td>\n1.09 %<\/td>\n105,935<\/td>\n0.09<\/td>\n12<\/td>\n0.1701 %<\/td>\n2,338.1<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n5.53 %<\/td>\n5.57 %<\/td>\n160,004<\/td>\n14.53<\/td>\n26<\/td>\n0.3760 %<\/td>\n2,396.4<\/td>\n<\/tr>\n
FixedReset<\/td>\n4.91 %<\/td>\n3.61 %<\/td>\n216,641<\/td>\n4.16<\/td>\n81<\/td>\n0.1051 %<\/td>\n2,488.0<\/td>\n<\/tr>\n
Deemed-Retractible<\/td>\n5.12 %<\/td>\n3.98 %<\/td>\n173,598<\/td>\n1.96<\/td>\n42<\/td>\n0.1603 %<\/td>\n2,420.4<\/td>\n<\/tr>\n
FloatingReset<\/td>\n2.66 %<\/td>\n2.54 %<\/td>\n186,768<\/td>\n4.29<\/td>\n6<\/td>\n0.1271 %<\/td>\n2,447.4<\/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
PWF.PR.F<\/td>\nPerpetual-Discount<\/td>\n1.06 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2044-02-04
\nMaturity Price : 23.53
\nEvaluated at bid price : 23.80
\nBid-YTW : 5.54 %<\/td>\n<\/tr>\n
CU.PR.F<\/td>\nPerpetual-Discount<\/td>\n1.22 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2044-02-04
\nMaturity Price : 21.38
\nEvaluated at bid price : 21.38
\nBid-YTW : 5.27 %<\/td>\n<\/tr>\n
CU.PR.G<\/td>\nPerpetual-Discount<\/td>\n1.28 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2044-02-04
\nMaturity Price : 21.19
\nEvaluated at bid price : 21.19
\nBid-YTW : 5.32 %<\/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.E<\/td>\nFixedReset<\/td>\n108,100<\/td>\nRecent new issue<\/a>.
\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2044-02-04
\nMaturity Price : 23.04
\nEvaluated at bid price : 24.78
\nBid-YTW : 3.94 %<\/td>\n<\/tr>\n
RY.PR.Z<\/td>\nFixedReset<\/td>\n89,159<\/td>\nRecent new issue<\/a>.
\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2044-02-04
\nMaturity Price : 23.14
\nEvaluated at bid price : 24.99
\nBid-YTW : 3.71 %<\/td>\n<\/tr>\n
RY.PR.I<\/td>\nFixedReset<\/td>\n67,873<\/td>\nWill reset at 3.52%<\/a>.
\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2022-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 24.69
\nBid-YTW : 3.68 %<\/td>\n<\/tr>\n
BNS.PR.X<\/td>\nFixedReset<\/td>\n51,839<\/td>\nRBC crossed 50,000 at 25.25.
\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2014-04-25
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.23
\nBid-YTW : 2.27 %<\/td>\n<\/tr>\n
BNS.PR.Z<\/td>\nFixedReset<\/td>\n45,751<\/td>\nScotia crossed blocks of 25,000 and 10,800, both at 23.65.
\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2022-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 23.73
\nBid-YTW : 3.88 %<\/td>\n<\/tr>\n
RY.PR.L<\/td>\nFixedReset<\/td>\n32,275<\/td>\nWill reset at 4.26%<\/a>. Yield to Deemed Maturity 2022-01-31 at 25.00 is 3.75%.
\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2014-03-26
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.84
\nBid-YTW : -19.75 %<\/td>\n<\/tr>\n
There were 32 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
MFC.PR.G<\/td>\nFixedReset<\/td>\nQuote: 25.96 – 26.30
\nSpot Rate : 0.3400
\nAverage : 0.2148<\/p>\n

YTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2016-12-19
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.96
\nBid-YTW : 3.21 %<\/td>\n<\/tr>\n

IAG.PR.F<\/td>\nDeemed-Retractible<\/td>\nQuote: 25.49 – 25.83
\nSpot Rate : 0.3400
\nAverage : 0.2633<\/p>\n

YTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.49
\nBid-YTW : 5.77 %<\/td>\n<\/tr>\n

SLF.PR.F<\/td>\nFixedReset<\/td>\nQuote: 25.51 – 25.72
\nSpot Rate : 0.2100
\nAverage : 0.1404<\/p>\n

YTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2014-06-30
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.51
\nBid-YTW : 2.32 %<\/td>\n<\/tr>\n

BNS.PR.A<\/td>\nFloatingReset<\/td>\nQuote: 25.30 – 25.48
\nSpot Rate : 0.1800
\nAverage : 0.1140<\/p>\n

YTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2018-04-25
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.30
\nBid-YTW : 2.50 %<\/td>\n<\/tr>\n

GWO.PR.L<\/td>\nDeemed-Retractible<\/td>\nQuote: 25.19 – 25.40
\nSpot Rate : 0.2100
\nAverage : 0.1440<\/p>\n

YTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.19
\nBid-YTW : 5.66 %<\/td>\n<\/tr>\n

PWF.PR.L<\/td>\nPerpetual-Discount<\/td>\nQuote: 23.27 – 23.65
\nSpot Rate : 0.3800
\nAverage : 0.3261<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2044-02-04
\nMaturity Price : 22.89
\nEvaluated at bid price : 23.27
\nBid-YTW : 5.50 %<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Nothing happened today. It was a good day for the Canadian preferred share market, with PerpetualDiscounts winning 38bp, FixedResets gaining 11bp and DeemedRetractibles up 16bp. The performance highlights table is short, but 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-24380","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/24380","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=24380"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/24380\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=24380"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=24380"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=24380"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}