{"id":24451,"date":"2014-02-14T19:44:00","date_gmt":"2014-02-15T00:44:00","guid":{"rendered":"http:\/\/prefblog.com\/?p=24451"},"modified":"2014-02-14T19:44:00","modified_gmt":"2014-02-15T00:44:00","slug":"febuary-14-2014","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=24451","title":{"rendered":"Febuary 14, 2014"},"content":{"rendered":"

Nothing happened today.<\/p>\n

It was a positive day for the Canadian preferred share market, with PerpetualDiscounts up 7bp, FixedResets winning 10bp and DeemedRetractibles gaining 6bp. The Performance Highlights table is a little longer than usual, but has no clear pattern. Volume was 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-0.3703 %<\/td>\n2,411.0<\/td>\n<\/tr>\n
FixedFloater<\/td>\n4.75 %<\/td>\n4.34 %<\/td>\n30,944<\/td>\n17.74<\/td>\n1<\/td>\n-0.1000 %<\/td>\n3,569.2<\/td>\n<\/tr>\n
Floater<\/td>\n3.00 %<\/td>\n3.11 %<\/td>\n53,366<\/td>\n19.42<\/td>\n4<\/td>\n-0.3703 %<\/td>\n2,603.2<\/td>\n<\/tr>\n
OpRet<\/td>\n4.61 %<\/td>\n-0.46 %<\/td>\n68,359<\/td>\n0.13<\/td>\n3<\/td>\n0.0641 %<\/td>\n2,688.5<\/td>\n<\/tr>\n
SplitShare<\/td>\n4.87 %<\/td>\n5.02 %<\/td>\n62,001<\/td>\n4.33<\/td>\n5<\/td>\n0.1289 %<\/td>\n3,011.3<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.0641 %<\/td>\n2,458.4<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.67 %<\/td>\n1.29 %<\/td>\n93,895<\/td>\n0.08<\/td>\n12<\/td>\n0.0298 %<\/td>\n2,334.6<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n5.56 %<\/td>\n5.59 %<\/td>\n148,156<\/td>\n14.49<\/td>\n26<\/td>\n0.0663 %<\/td>\n2,387.1<\/td>\n<\/tr>\n
FixedReset<\/td>\n4.90 %<\/td>\n3.76 %<\/td>\n210,538<\/td>\n6.43<\/td>\n82<\/td>\n0.0957 %<\/td>\n2,489.2<\/td>\n<\/tr>\n
Deemed-Retractible<\/td>\n5.12 %<\/td>\n4.04 %<\/td>\n162,877<\/td>\n1.93<\/td>\n42<\/td>\n0.0614 %<\/td>\n2,424.1<\/td>\n<\/tr>\n
FloatingReset<\/td>\n2.66 %<\/td>\n2.64 %<\/td>\n162,858<\/td>\n7.16<\/td>\n6<\/td>\n-0.2612 %<\/td>\n2,434.8<\/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.B<\/td>\nFloater<\/td>\n-1.33 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2044-02-14
\nMaturity Price : 17.02
\nEvaluated at bid price : 17.02
\nBid-YTW : 3.11 %<\/td>\n<\/tr>\n
IFC.PR.A<\/td>\nFixedReset<\/td>\n-1.08 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 23.89
\nBid-YTW : 4.28 %<\/td>\n<\/tr>\n
BAM.PR.N<\/td>\nPerpetual-Discount<\/td>\n1.02 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2044-02-14
\nMaturity Price : 19.89
\nEvaluated at bid price : 19.89
\nBid-YTW : 6.07 %<\/td>\n<\/tr>\n
PWF.PR.A<\/td>\nFloater<\/td>\n1.06 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2044-02-14
\nMaturity Price : 19.07
\nEvaluated at bid price : 19.07
\nBid-YTW : 2.75 %<\/td>\n<\/tr>\n
BAM.PR.X<\/td>\nFixedReset<\/td>\n1.16 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2044-02-14
\nMaturity Price : 20.91
\nEvaluated at bid price : 20.91
\nBid-YTW : 4.43 %<\/td>\n<\/tr>\n
SLF.PR.G<\/td>\nFixedReset<\/td>\n1.58 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 22.50
\nBid-YTW : 4.47 %<\/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
RY.PR.Z<\/td>\nFixedReset<\/td>\n147,720<\/td>\nRecent new issue<\/a>.
\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2044-02-14
\nMaturity Price : 23.19
\nEvaluated at bid price : 25.15
\nBid-YTW : 3.76 %<\/td>\n<\/tr>\n
NA.PR.S<\/td>\nFixedReset<\/td>\n131,120<\/td>\nRecent new issue<\/a>.
\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2044-02-14
\nMaturity Price : 23.18
\nEvaluated at bid price : 25.09
\nBid-YTW : 3.94 %<\/td>\n<\/tr>\n
MFC.PR.C<\/td>\nDeemed-Retractible<\/td>\n83,399<\/td>\nNesbitt crossed blocks of 60,000 and 20,000 at 21.25.
\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 21.25
\nBid-YTW : 6.57 %<\/td>\n<\/tr>\n
BNS.PR.Z<\/td>\nFixedReset<\/td>\n54,770<\/td>\nRBC crossed 50,000 at 23.74.
\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2022-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 23.77
\nBid-YTW : 3.94 %<\/td>\n<\/tr>\n
SLF.PR.D<\/td>\nDeemed-Retractible<\/td>\n30,664<\/td>\nNesbitt crossed 25,000 at 21.05.
\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 21.06
\nBid-YTW : 6.60 %<\/td>\n<\/tr>\n
RY.PR.R<\/td>\nFixedReset<\/td>\n27,857<\/td>\nCalled for Redemption 2014-2-24 at $25<\/a>.
\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2014-03-26
\nMaturity Price : 25.00
\nEvaluated at bid price : 24.98
\nBid-YTW : 5.48 %<\/td>\n<\/tr>\n
There were 21 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.PR.G<\/td>\nFixedFloater<\/td>\nQuote: 19.98 – 20.46
\nSpot Rate : 0.4800
\nAverage : 0.3406<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2044-02-14
\nMaturity Price : 25.00
\nEvaluated at bid price : 19.98
\nBid-YTW : 4.34 %<\/td>\n<\/tr>\n

MFC.PR.F<\/td>\nFixedReset<\/td>\nQuote: 22.42 – 22.83
\nSpot Rate : 0.4100
\nAverage : 0.3110<\/p>\n

YTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 22.42
\nBid-YTW : 4.64 %<\/td>\n<\/tr>\n

BNS.PR.B<\/td>\nFloatingReset<\/td>\nQuote: 24.59 – 24.84
\nSpot Rate : 0.2500
\nAverage : 0.1637<\/p>\n

YTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2022-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 24.59
\nBid-YTW : 2.76 %<\/td>\n<\/tr>\n

CIU.PR.A<\/td>\nPerpetual-Discount<\/td>\nQuote: 21.55 – 21.82
\nSpot Rate : 0.2700
\nAverage : 0.1921<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2044-02-14
\nMaturity Price : 21.55
\nEvaluated at bid price : 21.55
\nBid-YTW : 5.36 %<\/td>\n<\/tr>\n

BAM.PF.D<\/td>\nPerpetual-Discount<\/td>\nQuote: 20.35 – 20.68
\nSpot Rate : 0.3300
\nAverage : 0.2575<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2044-02-14
\nMaturity Price : 20.35
\nEvaluated at bid price : 20.35
\nBid-YTW : 6.12 %<\/td>\n<\/tr>\n

SLF.PR.F<\/td>\nFixedReset<\/td>\nQuote: 25.54 – 25.72
\nSpot Rate : 0.1800
\nAverage : 0.1080<\/p>\n

YTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2014-06-30
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.54
\nBid-YTW : 2.18 %<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Nothing happened today. It was a positive day for the Canadian preferred share market, with PerpetualDiscounts up 7bp, FixedResets winning 10bp and DeemedRetractibles gaining 6bp. The Performance Highlights table is a little longer than usual, …<\/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-24451","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/24451","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=24451"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/24451\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=24451"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=24451"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=24451"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}