{"id":24680,"date":"2014-03-13T23:00:21","date_gmt":"2014-03-14T04:00:21","guid":{"rendered":"http:\/\/prefblog.com\/?p=24680"},"modified":"2014-03-13T23:00:21","modified_gmt":"2014-03-14T04:00:21","slug":"march-13-2014","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=24680","title":{"rendered":"March 13, 2014"},"content":{"rendered":"

Nothing happened today.<\/p>\n

It was a mixed day for the Canadian preferred share market, with PerpetualDiscounts up 34bp, FixedResets off 3bp and DeemedRetractibles gaining 3bp. Volatility was low. Volume was average, with the highlights comprised entirely of FixedResets.<\/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-0.2679 %<\/td>\n2,451.7<\/td>\n<\/tr>\n
FixedFloater<\/td>\n4.74 %<\/td>\n4.34 %<\/td>\n32,471<\/td>\n17.70<\/td>\n1<\/td>\n-0.6442 %<\/td>\n3,581.7<\/td>\n<\/tr>\n
Floater<\/td>\n2.97 %<\/td>\n3.06 %<\/td>\n52,875<\/td>\n19.59<\/td>\n4<\/td>\n-0.2679 %<\/td>\n2,647.2<\/td>\n<\/tr>\n
OpRet<\/td>\n4.66 %<\/td>\n-0.03 %<\/td>\n86,267<\/td>\n0.22<\/td>\n3<\/td>\n-0.0259 %<\/td>\n2,683.1<\/td>\n<\/tr>\n
SplitShare<\/td>\n4.82 %<\/td>\n4.25 %<\/td>\n59,920<\/td>\n4.33<\/td>\n5<\/td>\n0.1835 %<\/td>\n3,074.4<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.0259 %<\/td>\n2,453.4<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.63 %<\/td>\n-1.79 %<\/td>\n91,647<\/td>\n0.08<\/td>\n11<\/td>\n0.0322 %<\/td>\n2,352.3<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n5.45 %<\/td>\n5.50 %<\/td>\n126,675<\/td>\n14.54<\/td>\n26<\/td>\n0.3395 %<\/td>\n2,436.9<\/td>\n<\/tr>\n
FixedReset<\/td>\n4.72 %<\/td>\n3.60 %<\/td>\n227,319<\/td>\n6.84<\/td>\n79<\/td>\n-0.0324 %<\/td>\n2,501.8<\/td>\n<\/tr>\n
Deemed-Retractible<\/td>\n5.06 %<\/td>\n1.90 %<\/td>\n163,002<\/td>\n0.20<\/td>\n42<\/td>\n0.0347 %<\/td>\n2,466.2<\/td>\n<\/tr>\n
FloatingReset<\/td>\n2.59 %<\/td>\n2.62 %<\/td>\n200,235<\/td>\n7.10<\/td>\n5<\/td>\n-0.1286 %<\/td>\n2,438.8<\/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
CU.PR.F<\/td>\nPerpetual-Discount<\/td>\n1.07 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2044-03-13
\nMaturity Price : 21.40
\nEvaluated at bid price : 21.73
\nBid-YTW : 5.20 %<\/td>\n<\/tr>\n
CU.PR.G<\/td>\nPerpetual-Discount<\/td>\n1.49 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2044-03-13
\nMaturity Price : 21.47
\nEvaluated at bid price : 21.75
\nBid-YTW : 5.20 %<\/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
ENB.PF.A<\/td>\nFixedReset<\/td>\n496,550<\/td>\nNew issue settled today<\/a>.
\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2044-03-13
\nMaturity Price : 23.10
\nEvaluated at bid price : 24.95
\nBid-YTW : 4.22 %<\/td>\n<\/tr>\n
CIU.PR.C<\/td>\nFixedReset<\/td>\n342,100<\/td>\nRBC crossed 72,000 and two blocks of 135,000 each, both at 21.50.
\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2044-03-13
\nMaturity Price : 21.43
\nEvaluated at bid price : 21.43
\nBid-YTW : 3.60 %<\/td>\n<\/tr>\n
CM.PR.L<\/td>\nFixedReset<\/td>\n127,398<\/td>\nTD crossed blocks of 33,000 shares, 56,600 and 35,000, all at 25.37.
\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2014-04-30
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.36
\nBid-YTW : 1.21 %<\/td>\n<\/tr>\n
BAM.PF.E<\/td>\nFixedReset<\/td>\n78,180<\/td>\nNew issue settled today<\/a>.
\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2044-03-13
\nMaturity Price : 22.97
\nEvaluated at bid price : 24.60
\nBid-YTW : 4.22 %<\/td>\n<\/tr>\n
FTS.PR.G<\/td>\nFixedReset<\/td>\n67,111<\/td>\nNesbitt crossed blocks of 13,600 and 46,400, both at 24.51.
\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2044-03-13
\nMaturity Price : 23.02
\nEvaluated at bid price : 24.50
\nBid-YTW : 3.77 %<\/td>\n<\/tr>\n
FTS.PR.K<\/td>\nFixedReset<\/td>\n56,440<\/td>\nNesbitt crossed 37,800 at 24.69.
\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2044-03-13
\nMaturity Price : 23.04
\nEvaluated at bid price : 24.65
\nBid-YTW : 3.71 %<\/td>\n<\/tr>\n
There were 34 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
PWF.PR.E<\/td>\nPerpetual-Discount<\/td>\nQuote: 24.70 – 24.99
\nSpot Rate : 0.2900
\nAverage : 0.1762<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2044-03-13
\nMaturity Price : 24.46
\nEvaluated at bid price : 24.70
\nBid-YTW : 5.64 %<\/td>\n<\/tr>\n

TRP.PR.C<\/td>\nFixedReset<\/td>\nQuote: 22.28 – 22.55
\nSpot Rate : 0.2700
\nAverage : 0.1760<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2044-03-13
\nMaturity Price : 21.78
\nEvaluated at bid price : 22.28
\nBid-YTW : 3.68 %<\/td>\n<\/tr>\n

CIU.PR.C<\/td>\nFixedReset<\/td>\nQuote: 21.43 – 21.88
\nSpot Rate : 0.4500
\nAverage : 0.3640<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2044-03-13
\nMaturity Price : 21.43
\nEvaluated at bid price : 21.43
\nBid-YTW : 3.60 %<\/td>\n<\/tr>\n

ENB.PR.A<\/td>\nPerpetual-Premium<\/td>\nQuote: 25.25 – 25.50
\nSpot Rate : 0.2500
\nAverage : 0.1758<\/p>\n

YTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2014-04-12
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.25
\nBid-YTW : -4.39 %<\/td>\n<\/tr>\n

ELF.PR.F<\/td>\nPerpetual-Discount<\/td>\nQuote: 23.36 – 23.60
\nSpot Rate : 0.2400
\nAverage : 0.1842<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2044-03-13
\nMaturity Price : 23.10
\nEvaluated at bid price : 23.36
\nBid-YTW : 5.76 %<\/td>\n<\/tr>\n

IFC.PR.C<\/td>\nFixedReset<\/td>\nQuote: 25.30 – 25.50
\nSpot Rate : 0.2000
\nAverage : 0.1460<\/p>\n

YTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2016-09-30
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.30
\nBid-YTW : 3.63 %<\/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 up 34bp, FixedResets off 3bp and DeemedRetractibles gaining 3bp. Volatility was low. Volume was average, with the highlights comprised …<\/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-24680","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/24680","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=24680"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/24680\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=24680"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=24680"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=24680"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}