{"id":24502,"date":"2014-02-25T00:33:01","date_gmt":"2014-02-25T05:33:01","guid":{"rendered":"http:\/\/prefblog.com\/?p=24502"},"modified":"2014-02-25T00:33:01","modified_gmt":"2014-02-25T05:33:01","slug":"february-24-2014","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=24502","title":{"rendered":"February 24, 2014"},"content":{"rendered":"

Nothing happened today.<\/p>\n

It was a mixed day for the Canadian preferred share market, with PerpetualDiscounts off 10bp, FixedResets gaining 7bp and DeemedRetractibles up 8bp. Volatility was low. 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>\n0.3445 %<\/td>\n2,409.2<\/td>\n<\/tr>\n
FixedFloater<\/td>\n4.78 %<\/td>\n4.38 %<\/td>\n31,091<\/td>\n17.67<\/td>\n1<\/td>\n-0.4511 %<\/td>\n3,547.7<\/td>\n<\/tr>\n
Floater<\/td>\n3.00 %<\/td>\n3.11 %<\/td>\n54,485<\/td>\n19.41<\/td>\n4<\/td>\n0.3445 %<\/td>\n2,601.3<\/td>\n<\/tr>\n
OpRet<\/td>\n4.62 %<\/td>\n-3.09 %<\/td>\n68,978<\/td>\n0.10<\/td>\n3<\/td>\n0.0848 %<\/td>\n2,693.2<\/td>\n<\/tr>\n
SplitShare<\/td>\n4.88 %<\/td>\n4.80 %<\/td>\n59,104<\/td>\n4.36<\/td>\n5<\/td>\n0.0404 %<\/td>\n3,026.8<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.0848 %<\/td>\n2,462.7<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.66 %<\/td>\n2.15 %<\/td>\n97,664<\/td>\n0.08<\/td>\n12<\/td>\n0.0644 %<\/td>\n2,338.3<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n5.54 %<\/td>\n5.61 %<\/td>\n149,569<\/td>\n14.36<\/td>\n26<\/td>\n-0.0963 %<\/td>\n2,396.4<\/td>\n<\/tr>\n
FixedReset<\/td>\n4.80 %<\/td>\n3.72 %<\/td>\n209,072<\/td>\n6.30<\/td>\n80<\/td>\n0.0685 %<\/td>\n2,494.4<\/td>\n<\/tr>\n
Deemed-Retractible<\/td>\n5.10 %<\/td>\n3.92 %<\/td>\n163,892<\/td>\n1.37<\/td>\n42<\/td>\n0.0759 %<\/td>\n2,435.1<\/td>\n<\/tr>\n
FloatingReset<\/td>\n2.65 %<\/td>\n2.61 %<\/td>\n158,712<\/td>\n7.14<\/td>\n6<\/td>\n-0.0201 %<\/td>\n2,436.3<\/td>\n<\/tr>\n<\/table>\n\n\n\n\n\n
Performance Highlights<\/strong><\/td>\n<\/tr>\n
Issue<\/td>\nIndex<\/td>\nChange<\/td>\nNotes<\/td>\n<\/tr>\n
CIU.PR.A<\/td>\nPerpetual-Discount<\/td>\n-2.04 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2044-02-24
\nMaturity Price : 21.11
\nEvaluated at bid price : 21.11
\nBid-YTW : 5.48 %<\/td>\n<\/tr>\n
MFC.PR.F<\/td>\nFixedReset<\/td>\n-1.39 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 22.19
\nBid-YTW : 4.69 %<\/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.Y<\/td>\nFixedReset<\/td>\n124,430<\/td>\nRBC crossed 119,500 at 25.15.
\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2022-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.11
\nBid-YTW : 3.48 %<\/td>\n<\/tr>\n
NA.PR.S<\/td>\nFixedReset<\/td>\n91,539<\/td>\nRecent new issue<\/a>.
\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2044-02-24
\nMaturity Price : 23.19
\nEvaluated at bid price : 25.12
\nBid-YTW : 3.98 %<\/td>\n<\/tr>\n
MFC.PR.B<\/td>\nDeemed-Retractible<\/td>\n83,339<\/td>\nScotia crossed 75,000 at 21.60.
\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 21.55
\nBid-YTW : 6.42 %<\/td>\n<\/tr>\n
RY.PR.Z<\/td>\nFixedReset<\/td>\n80,220<\/td>\nRecent new issue<\/a>.
\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2044-02-24
\nMaturity Price : 23.21
\nEvaluated at bid price : 25.20
\nBid-YTW : 3.80 %<\/td>\n<\/tr>\n
CU.PR.G<\/td>\nPerpetual-Discount<\/td>\n75,290<\/td>\nScotia crossed blocks of 28,000 and 30,000, both at 21.10.
\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2044-02-24
\nMaturity Price : 21.09
\nEvaluated at bid price : 21.09
\nBid-YTW : 5.36 %<\/td>\n<\/tr>\n
MFC.PR.H<\/td>\nFixedReset<\/td>\n70,775<\/td>\nTD crossed 21,000 at 25.85. Scotia crossed 40,000 at 25.90.
\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2017-03-19
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.90
\nBid-YTW : 3.27 %<\/td>\n<\/tr>\n
There were 31 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
CIU.PR.A<\/td>\nPerpetual-Discount<\/td>\nQuote: 21.11 – 21.59
\nSpot Rate : 0.4800
\nAverage : 0.3205<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2044-02-24
\nMaturity Price : 21.11
\nEvaluated at bid price : 21.11
\nBid-YTW : 5.48 %<\/td>\n<\/tr>\n

PWF.PR.A<\/td>\nFloater<\/td>\nQuote: 18.91 – 19.45
\nSpot Rate : 0.5400
\nAverage : 0.3929<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2044-02-24
\nMaturity Price : 18.91
\nEvaluated at bid price : 18.91
\nBid-YTW : 2.79 %<\/td>\n<\/tr>\n

MFC.PR.F<\/td>\nFixedReset<\/td>\nQuote: 22.19 – 22.49
\nSpot Rate : 0.3000
\nAverage : 0.2023<\/p>\n

YTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 22.19
\nBid-YTW : 4.69 %<\/td>\n<\/tr>\n

GWO.PR.F<\/td>\nDeemed-Retractible<\/td>\nQuote: 25.45 – 25.73
\nSpot Rate : 0.2800
\nAverage : 0.1870<\/p>\n

YTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2014-03-26
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.45
\nBid-YTW : -5.06 %<\/td>\n<\/tr>\n

PWF.PR.L<\/td>\nPerpetual-Discount<\/td>\nQuote: 23.36 – 23.68
\nSpot Rate : 0.3200
\nAverage : 0.2412<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2044-02-24
\nMaturity Price : 22.96
\nEvaluated at bid price : 23.36
\nBid-YTW : 5.50 %<\/td>\n<\/tr>\n

PWF.PR.P<\/td>\nFixedReset<\/td>\nQuote: 22.94 – 23.14
\nSpot Rate : 0.2000
\nAverage : 0.1215<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2044-02-24
\nMaturity Price : 22.60
\nEvaluated at bid price : 22.94
\nBid-YTW : 3.72 %<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Nothing happened today. It was a mixed day for the Canadian preferred share market, with PerpetualDiscounts off 10bp, FixedResets gaining 7bp and DeemedRetractibles up 8bp. Volatility was low. Volume was average. HIMIPref™ Preferred IndicesThese values …<\/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-24502","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/24502","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=24502"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/24502\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=24502"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=24502"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=24502"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}