{"id":25683,"date":"2014-06-27T18:43:50","date_gmt":"2014-06-27T23:43:50","guid":{"rendered":"http:\/\/prefblog.com\/?p=25683"},"modified":"2014-06-27T18:43:50","modified_gmt":"2014-06-27T23:43:50","slug":"june-27-2014","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=25683","title":{"rendered":"June 27, 2014"},"content":{"rendered":"

Nothing happened today.<\/p>\n

It was another good day for the Canadian preferred share market, with PerpetualDiscounts gaining 3bp, FixedResets up 10bp and DeemedRetractibles winning 17bp. A lengthy Performance Highlights table is comprised entirely of winners. 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>\n-0.0827 %<\/td>\n2,530.2<\/td>\n<\/tr>\n
FixedFloater<\/td>\n4.32 %<\/td>\n3.59 %<\/td>\n30,715<\/td>\n18.17<\/td>\n1<\/td>\n0.0000 %<\/td>\n3,978.1<\/td>\n<\/tr>\n
Floater<\/td>\n2.90 %<\/td>\n2.98 %<\/td>\n44,578<\/td>\n19.77<\/td>\n4<\/td>\n-0.0827 %<\/td>\n2,731.9<\/td>\n<\/tr>\n
OpRet<\/td>\n4.37 %<\/td>\n-12.43 %<\/td>\n21,532<\/td>\n0.08<\/td>\n2<\/td>\n-0.0194 %<\/td>\n2,715.8<\/td>\n<\/tr>\n
SplitShare<\/td>\n4.70 %<\/td>\n3.74 %<\/td>\n57,477<\/td>\n3.16<\/td>\n6<\/td>\n0.5547 %<\/td>\n3,123.2<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.0194 %<\/td>\n2,483.3<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.52 %<\/td>\n-0.68 %<\/td>\n80,932<\/td>\n0.08<\/td>\n17<\/td>\n0.2925 %<\/td>\n2,415.8<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n5.27 %<\/td>\n5.23 %<\/td>\n114,014<\/td>\n15.01<\/td>\n20<\/td>\n0.0322 %<\/td>\n2,557.6<\/td>\n<\/tr>\n
FixedReset<\/td>\n4.44 %<\/td>\n3.67 %<\/td>\n203,250<\/td>\n4.66<\/td>\n78<\/td>\n0.1038 %<\/td>\n2,553.7<\/td>\n<\/tr>\n
Deemed-Retractible<\/td>\n4.98 %<\/td>\n0.33 %<\/td>\n139,691<\/td>\n0.09<\/td>\n43<\/td>\n0.1713 %<\/td>\n2,545.4<\/td>\n<\/tr>\n
FloatingReset<\/td>\n2.67 %<\/td>\n2.32 %<\/td>\n124,490<\/td>\n3.93<\/td>\n6<\/td>\n0.0647 %<\/td>\n2,504.1<\/td>\n<\/tr>\n<\/table>\n\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
SLF.PR.H<\/td>\nFixedReset<\/td>\n1.04 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2016-09-30
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.30
\nBid-YTW : 3.34 %<\/td>\n<\/tr>\n
GWO.PR.R<\/td>\nDeemed-Retractible<\/td>\n1.31 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 23.92
\nBid-YTW : 5.37 %<\/td>\n<\/tr>\n
HSB.PR.D<\/td>\nDeemed-Retractible<\/td>\n1.57 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2014-07-27
\nMaturity Price : 25.25
\nEvaluated at bid price : 25.84
\nBid-YTW : -22.33 %<\/td>\n<\/tr>\n
MFC.PR.B<\/td>\nDeemed-Retractible<\/td>\n1.70 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 23.31
\nBid-YTW : 5.55 %<\/td>\n<\/tr>\n
BNA.PR.C<\/td>\nSplitShare<\/td>\n1.71 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2019-01-10
\nMaturity Price : 25.00
\nEvaluated at bid price : 24.93
\nBid-YTW : 4.50 %<\/td>\n<\/tr>\n
W.PR.J<\/td>\nPerpetual-Premium<\/td>\n1.85 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2014-07-27
\nMaturity Price : 25.00
\nEvaluated at bid price : 24.97
\nBid-YTW : 3.73 %<\/td>\n<\/tr>\n
W.PR.H<\/td>\nPerpetual-Premium<\/td>\n1.90 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2014-07-27
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.00
\nBid-YTW : 2.21 %<\/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
CM.PR.M<\/td>\nFixedReset<\/td>\n142,179<\/td>\nCalled for redemption<\/a>.
\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2014-07-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.00
\nBid-YTW : 0.19 %<\/td>\n<\/tr>\n
MFC.PR.H<\/td>\nFixedReset<\/td>\n108,910<\/td>\nRBC crossed 61,400 at 26.25. Nesbitt crossed 20,000 at 26.25 and 25,000 at 26.20.
\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2017-03-19
\nMaturity Price : 25.00
\nEvaluated at bid price : 26.20
\nBid-YTW : 2.81 %<\/td>\n<\/tr>\n
ENB.PR.B<\/td>\nFixedReset<\/td>\n84,404<\/td>\nRBC crossed 78,200 at 24.75.
\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2044-06-27
\nMaturity Price : 23.29
\nEvaluated at bid price : 24.72
\nBid-YTW : 4.00 %<\/td>\n<\/tr>\n
BAM.PF.B<\/td>\nFixedReset<\/td>\n57,142<\/td>\nRBC crossed 46,400 at 25.00.
\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2044-06-27
\nMaturity Price : 23.18
\nEvaluated at bid price : 24.99
\nBid-YTW : 4.13 %<\/td>\n<\/tr>\n
BMO.PR.S<\/td>\nFixedReset<\/td>\n56,183<\/td>\nRBC crossed 50,000 at 25.50.
\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2019-05-25
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.50
\nBid-YTW : 3.73 %<\/td>\n<\/tr>\n
MFC.PR.L<\/td>\nFixedReset<\/td>\n48,145<\/td>\nRBC crossed 40,000 at 25.10.
\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.11
\nBid-YTW : 3.82 %<\/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.C<\/td>\nFixedReset<\/td>\nQuote: 21.59 – 22.25
\nSpot Rate : 0.6600
\nAverage : 0.4035<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2044-06-27
\nMaturity Price : 21.30
\nEvaluated at bid price : 21.59
\nBid-YTW : 3.54 %<\/td>\n<\/tr>\n

PWF.PR.A<\/td>\nFloater<\/td>\nQuote: 19.99 – 20.40
\nSpot Rate : 0.4100
\nAverage : 0.2806<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2044-06-27
\nMaturity Price : 19.99
\nEvaluated at bid price : 19.99
\nBid-YTW : 2.64 %<\/td>\n<\/tr>\n

GWO.PR.I<\/td>\nDeemed-Retractible<\/td>\nQuote: 22.66 – 23.09
\nSpot Rate : 0.4300
\nAverage : 0.3112<\/p>\n

YTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 22.66
\nBid-YTW : 5.72 %<\/td>\n<\/tr>\n

W.PR.H<\/td>\nPerpetual-Premium<\/td>\nQuote: 25.00 – 25.37
\nSpot Rate : 0.3700
\nAverage : 0.2546<\/p>\n

YTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2014-07-27
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.00
\nBid-YTW : 2.21 %<\/td>\n<\/tr>\n

POW.PR.D<\/td>\nPerpetual-Discount<\/td>\nQuote: 24.04 – 24.39
\nSpot Rate : 0.3500
\nAverage : 0.2372<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2044-06-27
\nMaturity Price : 23.77
\nEvaluated at bid price : 24.04
\nBid-YTW : 5.20 %<\/td>\n<\/tr>\n

W.PR.J<\/td>\nPerpetual-Premium<\/td>\nQuote: 24.97 – 25.30
\nSpot Rate : 0.3300
\nAverage : 0.2450<\/p>\n

YTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2014-07-27
\nMaturity Price : 25.00
\nEvaluated at bid price : 24.97
\nBid-YTW : 3.73 %<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Nothing happened today. It was another good day for the Canadian preferred share market, with PerpetualDiscounts gaining 3bp, FixedResets up 10bp and DeemedRetractibles winning 17bp. A lengthy Performance Highlights table is comprised entirely of winners. …<\/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-25683","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/25683","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=25683"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/25683\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=25683"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=25683"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=25683"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}