{"id":24423,"date":"2014-02-11T02:16:39","date_gmt":"2014-02-11T07:16:39","guid":{"rendered":"http:\/\/prefblog.com\/?p=24423"},"modified":"2014-02-11T02:16:39","modified_gmt":"2014-02-11T07:16:39","slug":"february-10-2014","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=24423","title":{"rendered":"February 10, 2014"},"content":{"rendered":"

Nothing happened today.<\/p>\n

It was another mixed day for the Canadian preferred share market, with PerpetualDiscounts off 17bp, FixedResets up 10bp and DeemedRetractibles gaining 6bp. The Performance Highlights table is dominated by losing Floating Rate issues. Volume was extremely 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>\n-0.4849 %<\/td>\n2,334.1<\/td>\n<\/tr>\n
FixedFloater<\/td>\n4.69 %<\/td>\n4.26 %<\/td>\n28,732<\/td>\n17.85<\/td>\n1<\/td>\n-2.0319 %<\/td>\n3,617.4<\/td>\n<\/tr>\n
Floater<\/td>\n3.10 %<\/td>\n3.21 %<\/td>\n55,507<\/td>\n19.17<\/td>\n4<\/td>\n-0.4849 %<\/td>\n2,520.2<\/td>\n<\/tr>\n
OpRet<\/td>\n4.60 %<\/td>\n0.96 %<\/td>\n72,762<\/td>\n0.30<\/td>\n3<\/td>\n-0.0128 %<\/td>\n2,682.1<\/td>\n<\/tr>\n
SplitShare<\/td>\n4.87 %<\/td>\n4.99 %<\/td>\n62,204<\/td>\n4.35<\/td>\n5<\/td>\n0.0483 %<\/td>\n3,011.6<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.0128 %<\/td>\n2,452.5<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.66 %<\/td>\n0.11 %<\/td>\n98,478<\/td>\n0.08<\/td>\n12<\/td>\n-0.0099 %<\/td>\n2,335.2<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n5.55 %<\/td>\n5.59 %<\/td>\n153,319<\/td>\n14.49<\/td>\n26<\/td>\n-0.1658 %<\/td>\n2,388.8<\/td>\n<\/tr>\n
FixedReset<\/td>\n4.90 %<\/td>\n3.70 %<\/td>\n211,866<\/td>\n6.25<\/td>\n82<\/td>\n0.1052 %<\/td>\n2,484.4<\/td>\n<\/tr>\n
Deemed-Retractible<\/td>\n5.13 %<\/td>\n4.11 %<\/td>\n167,540<\/td>\n1.94<\/td>\n42<\/td>\n0.0567 %<\/td>\n2,417.4<\/td>\n<\/tr>\n
FloatingReset<\/td>\n2.65 %<\/td>\n2.63 %<\/td>\n178,722<\/td>\n7.17<\/td>\n6<\/td>\n-0.0134 %<\/td>\n2,439.9<\/td>\n<\/tr>\n<\/table>\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-2.03 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2044-02-10
\nMaturity Price : 25.00
\nEvaluated at bid price : 20.25
\nBid-YTW : 4.26 %<\/td>\n<\/tr>\n
CU.PR.D<\/td>\nPerpetual-Discount<\/td>\n-1.39 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2044-02-10
\nMaturity Price : 22.30
\nEvaluated at bid price : 22.64
\nBid-YTW : 5.41 %<\/td>\n<\/tr>\n
BAM.PR.K<\/td>\nFloater<\/td>\n-1.33 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2044-02-10
\nMaturity Price : 16.28
\nEvaluated at bid price : 16.28
\nBid-YTW : 3.25 %<\/td>\n<\/tr>\n
BAM.PR.B<\/td>\nFloater<\/td>\n-1.02 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2044-02-10
\nMaturity Price : 16.48
\nEvaluated at bid price : 16.48
\nBid-YTW : 3.21 %<\/td>\n<\/tr>\n
CIU.PR.C<\/td>\nFixedReset<\/td>\n1.19 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2044-02-10
\nMaturity Price : 20.41
\nEvaluated at bid price : 20.41
\nBid-YTW : 3.75 %<\/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
TD.PR.I<\/td>\nFixedReset<\/td>\n131,295<\/td>\nRBC crossed 125,000 at 25.50.
\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2014-07-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.47
\nBid-YTW : 2.62 %<\/td>\n<\/tr>\n
RY.PR.Z<\/td>\nFixedReset<\/td>\n124,708<\/td>\nRecent new issue<\/a>.
\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2044-02-10
\nMaturity Price : 23.14
\nEvaluated at bid price : 25.00
\nBid-YTW : 3.75 %<\/td>\n<\/tr>\n
NA.PR.S<\/td>\nFixedReset<\/td>\n116,035<\/td>\nRecent new issue<\/a>.
\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2044-02-10
\nMaturity Price : 23.12
\nEvaluated at bid price : 24.92
\nBid-YTW : 3.93 %<\/td>\n<\/tr>\n
CM.PR.L<\/td>\nFixedReset<\/td>\n72,051<\/td>\nRBC crossed 70,000 at 25.28.
\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2014-04-30
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.30
\nBid-YTW : 1.84 %<\/td>\n<\/tr>\n
TRP.PR.E<\/td>\nFixedReset<\/td>\n71,225<\/td>\nRecent new issue<\/a>.
\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2044-02-10
\nMaturity Price : 23.09
\nEvaluated at bid price : 24.92
\nBid-YTW : 3.95 %<\/td>\n<\/tr>\n
SLF.PR.G<\/td>\nFixedReset<\/td>\n50,083<\/td>\nDesjardins crossed 34,600 at 22.00.
\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 22.22
\nBid-YTW : 4.56 %<\/td>\n<\/tr>\n
There were 12 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
CU.PR.D<\/td>\nPerpetual-Discount<\/td>\nQuote: 22.64 – 23.01
\nSpot Rate : 0.3700
\nAverage : 0.2410<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2044-02-10
\nMaturity Price : 22.30
\nEvaluated at bid price : 22.64
\nBid-YTW : 5.41 %<\/td>\n<\/tr>\n

GWO.PR.G<\/td>\nDeemed-Retractible<\/td>\nQuote: 23.49 – 23.83
\nSpot Rate : 0.3400
\nAverage : 0.2226<\/p>\n

YTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 23.49
\nBid-YTW : 6.07 %<\/td>\n<\/tr>\n

BAM.PF.A<\/td>\nFixedReset<\/td>\nQuote: 25.23 – 25.60
\nSpot Rate : 0.3700
\nAverage : 0.2533<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2044-02-10
\nMaturity Price : 23.26
\nEvaluated at bid price : 25.23
\nBid-YTW : 4.39 %<\/td>\n<\/tr>\n

TRP.PR.A<\/td>\nFixedReset<\/td>\nQuote: 23.07 – 23.34
\nSpot Rate : 0.2700
\nAverage : 0.1652<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2044-02-10
\nMaturity Price : 22.52
\nEvaluated at bid price : 23.07
\nBid-YTW : 3.87 %<\/td>\n<\/tr>\n

IFC.PR.A<\/td>\nFixedReset<\/td>\nQuote: 24.00 – 24.25
\nSpot Rate : 0.2500
\nAverage : 0.1582<\/p>\n

YTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 24.00
\nBid-YTW : 4.19 %<\/td>\n<\/tr>\n

VNR.PR.A<\/td>\nFixedReset<\/td>\nQuote: 25.20 – 25.44
\nSpot Rate : 0.2400
\nAverage : 0.1569<\/p>\n

YTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2017-10-15
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.20
\nBid-YTW : 4.23 %<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Nothing happened today. It was another mixed day for the Canadian preferred share market, with PerpetualDiscounts off 17bp, FixedResets up 10bp and DeemedRetractibles gaining 6bp. The Performance Highlights table is dominated by losing Floating Rate …<\/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-24423","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/24423","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=24423"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/24423\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=24423"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=24423"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=24423"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}