{"id":24997,"date":"2014-04-16T00:26:03","date_gmt":"2014-04-16T05:26:03","guid":{"rendered":"http:\/\/prefblog.com\/?p=24997"},"modified":"2014-04-16T00:26:03","modified_gmt":"2014-04-16T05:26:03","slug":"april-15-2014","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=24997","title":{"rendered":"April 15, 2014"},"content":{"rendered":"

Nothing happened today.<\/p>\n

It was an off day for the Canadian preferred share market, with PerpetualDiscounts down 7bp, FixedResets losing 11bp and DeemedRetractibles off 5bp. Volatility was minor. 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>\n0.2287 %<\/td>\n2,429.9<\/td>\n<\/tr>\n
FixedFloater<\/td>\n4.72 %<\/td>\n4.27 %<\/td>\n33,541<\/td>\n17.93<\/td>\n1<\/td>\n-0.5432 %<\/td>\n3,640.1<\/td>\n<\/tr>\n
Floater<\/td>\n3.00 %<\/td>\n3.11 %<\/td>\n51,033<\/td>\n19.45<\/td>\n4<\/td>\n0.2287 %<\/td>\n2,623.6<\/td>\n<\/tr>\n
OpRet<\/td>\n4.36 %<\/td>\n-6.53 %<\/td>\n34,879<\/td>\n0.13<\/td>\n2<\/td>\n0.1358 %<\/td>\n2,693.7<\/td>\n<\/tr>\n
SplitShare<\/td>\n4.81 %<\/td>\n4.39 %<\/td>\n64,765<\/td>\n4.24<\/td>\n5<\/td>\n0.0318 %<\/td>\n3,086.4<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.1358 %<\/td>\n2,463.1<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.55 %<\/td>\n-4.53 %<\/td>\n105,697<\/td>\n0.09<\/td>\n13<\/td>\n0.0242 %<\/td>\n2,384.1<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n5.43 %<\/td>\n5.39 %<\/td>\n116,527<\/td>\n14.60<\/td>\n23<\/td>\n-0.0730 %<\/td>\n2,482.0<\/td>\n<\/tr>\n
FixedReset<\/td>\n4.68 %<\/td>\n3.65 %<\/td>\n199,362<\/td>\n4.19<\/td>\n79<\/td>\n-0.1147 %<\/td>\n2,529.7<\/td>\n<\/tr>\n
Deemed-Retractible<\/td>\n5.03 %<\/td>\n-0.58 %<\/td>\n145,125<\/td>\n0.12<\/td>\n42<\/td>\n-0.0498 %<\/td>\n2,490.0<\/td>\n<\/tr>\n
FloatingReset<\/td>\n2.64 %<\/td>\n2.43 %<\/td>\n192,420<\/td>\n4.26<\/td>\n5<\/td>\n0.0000 %<\/td>\n2,480.0<\/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
TRP.PR.C<\/td>\nFixedReset<\/td>\n-1.19 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2044-04-15
\nMaturity Price : 22.14
\nEvaluated at bid price : 22.45
\nBid-YTW : 3.65 %<\/td>\n<\/tr>\n
FTS.PR.H<\/td>\nFixedReset<\/td>\n-1.05 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2044-04-15
\nMaturity Price : 21.32
\nEvaluated at bid price : 21.61
\nBid-YTW : 3.68 %<\/td>\n<\/tr>\n
PWF.PR.A<\/td>\nFloater<\/td>\n1.46 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2044-04-15
\nMaturity Price : 19.50
\nEvaluated at bid price : 19.50
\nBid-YTW : 2.71 %<\/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>\n282,650<\/td>\nScotia bought blocks of 14,000 and 16,600 from Instinet at 25.52 and crossed 35,000 at the same price. RBC crossed 99,900 and TD crossed blocks of 25,000 and 50,000, all at the same price again.
\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2044-04-15
\nMaturity Price : 23.32
\nEvaluated at bid price : 25.52
\nBid-YTW : 3.72 %<\/td>\n<\/tr>\n
TRP.PR.A<\/td>\nFixedReset<\/td>\n56,288<\/td>\nTD crossed 50,000 at 23.53.
\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2044-04-15
\nMaturity Price : 22.85
\nEvaluated at bid price : 23.50
\nBid-YTW : 3.80 %<\/td>\n<\/tr>\n
GWO.PR.N<\/td>\nFixedReset<\/td>\n54,775<\/td>\nNesbitt crossed 50,000 at 22.40.
\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 22.30
\nBid-YTW : 4.37 %<\/td>\n<\/tr>\n
TD.PR.K<\/td>\nFixedReset<\/td>\n52,334<\/td>\nRBC crossed 50,000 at 25.31.
\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2014-07-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.27
\nBid-YTW : 1.69 %<\/td>\n<\/tr>\n
TD.PR.I<\/td>\nFixedReset<\/td>\n51,979<\/td>\nTD crossed 40,000 at 25.30.
\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2014-07-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.29
\nBid-YTW : 1.42 %<\/td>\n<\/tr>\n
CU.PR.G<\/td>\nPerpetual-Discount<\/td>\n43,207<\/td>\nTD crossed 25,000 at 21.80.
\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2044-04-15
\nMaturity Price : 21.39
\nEvaluated at bid price : 21.72
\nBid-YTW : 5.23 %<\/td>\n<\/tr>\n
There were 30 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
FTS.PR.H<\/td>\nFixedReset<\/td>\nQuote: 21.61 – 21.89
\nSpot Rate : 0.2800
\nAverage : 0.1896<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2044-04-15
\nMaturity Price : 21.32
\nEvaluated at bid price : 21.61
\nBid-YTW : 3.68 %<\/td>\n<\/tr>\n

IGM.PR.B<\/td>\nPerpetual-Premium<\/td>\nQuote: 25.93 – 26.15
\nSpot Rate : 0.2200
\nAverage : 0.1446<\/p>\n

YTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2017-12-31
\nMaturity Price : 25.25
\nEvaluated at bid price : 25.93
\nBid-YTW : 5.00 %<\/td>\n<\/tr>\n

POW.PR.D<\/td>\nPerpetual-Discount<\/td>\nQuote: 23.15 – 23.39
\nSpot Rate : 0.2400
\nAverage : 0.1647<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2044-04-15
\nMaturity Price : 22.89
\nEvaluated at bid price : 23.15
\nBid-YTW : 5.42 %<\/td>\n<\/tr>\n

TRP.PR.E<\/td>\nFixedReset<\/td>\nQuote: 25.30 – 25.45
\nSpot Rate : 0.1500
\nAverage : 0.0927<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2044-04-15
\nMaturity Price : 23.22
\nEvaluated at bid price : 25.30
\nBid-YTW : 3.88 %<\/td>\n<\/tr>\n

BNS.PR.K<\/td>\nDeemed-Retractible<\/td>\nQuote: 25.35 – 25.56
\nSpot Rate : 0.2100
\nAverage : 0.1531<\/p>\n

YTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2014-05-28
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.35
\nBid-YTW : -8.51 %<\/td>\n<\/tr>\n

GWO.PR.I<\/td>\nDeemed-Retractible<\/td>\nQuote: 21.88 – 22.08
\nSpot Rate : 0.2000
\nAverage : 0.1438<\/p>\n

YTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 21.88
\nBid-YTW : 6.15 %<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Nothing happened today. It was an off day for the Canadian preferred share market, with PerpetualDiscounts down 7bp, FixedResets losing 11bp and DeemedRetractibles off 5bp. Volatility was minor. 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-24997","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/24997","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=24997"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/24997\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=24997"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=24997"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=24997"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}