{"id":26051,"date":"2014-08-11T22:02:36","date_gmt":"2014-08-12T03:02:36","guid":{"rendered":"http:\/\/prefblog.com\/?p=26051"},"modified":"2014-08-11T22:02:36","modified_gmt":"2014-08-12T03:02:36","slug":"august-11-2014","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=26051","title":{"rendered":"August 11, 2014"},"content":{"rendered":"

Nothing happened today.<\/p>\n

It was a mixed day for the Canadian preferred share market, with PerpetualDiscounts down 17bp, FixedResets flat and DeemedRetractibles up 13bp. Volatility was minimal. 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>\n0.3757 %<\/td>\n2,634.1<\/td>\n<\/tr>\n
FixedFloater<\/td>\n4.17 %<\/td>\n3.40 %<\/td>\n27,572<\/td>\n18.60<\/td>\n1<\/td>\n0.0000 %<\/td>\n4,163.9<\/td>\n<\/tr>\n
Floater<\/td>\n2.91 %<\/td>\n3.04 %<\/td>\n45,457<\/td>\n19.59<\/td>\n4<\/td>\n0.3757 %<\/td>\n2,723.9<\/td>\n<\/tr>\n
OpRet<\/td>\n4.01 %<\/td>\n-2.24 %<\/td>\n73,860<\/td>\n0.08<\/td>\n1<\/td>\n0.2749 %<\/td>\n2,723.2<\/td>\n<\/tr>\n
SplitShare<\/td>\n4.23 %<\/td>\n3.82 %<\/td>\n58,911<\/td>\n3.97<\/td>\n6<\/td>\n0.0397 %<\/td>\n3,132.6<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.2749 %<\/td>\n2,490.1<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.49 %<\/td>\n-1.52 %<\/td>\n82,712<\/td>\n0.08<\/td>\n19<\/td>\n-0.1012 %<\/td>\n2,433.6<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n5.24 %<\/td>\n5.20 %<\/td>\n113,988<\/td>\n15.15<\/td>\n17<\/td>\n-0.1738 %<\/td>\n2,586.3<\/td>\n<\/tr>\n
FixedReset<\/td>\n4.29 %<\/td>\n3.56 %<\/td>\n193,251<\/td>\n8.54<\/td>\n75<\/td>\n0.0005 %<\/td>\n2,560.3<\/td>\n<\/tr>\n
Deemed-Retractible<\/td>\n4.99 %<\/td>\n-0.44 %<\/td>\n111,433<\/td>\n0.22<\/td>\n42<\/td>\n0.1320 %<\/td>\n2,553.9<\/td>\n<\/tr>\n
FloatingReset<\/td>\n2.65 %<\/td>\n2.04 %<\/td>\n77,289<\/td>\n3.77<\/td>\n6<\/td>\n0.0197 %<\/td>\n2,522.1<\/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
FTS.PR.J<\/td>\nPerpetual-Discount<\/td>\n-1.60 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2044-08-11
\nMaturity Price : 23.68
\nEvaluated at bid price : 24.05
\nBid-YTW : 5.01 %<\/td>\n<\/tr>\n
MFC.PR.K<\/td>\nFixedReset<\/td>\n-1.15 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 24.93
\nBid-YTW : 3.83 %<\/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
MFC.PR.E<\/td>\nFixedReset<\/td>\n278,811<\/td>\nCalled for redemption<\/a>.
\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2014-09-19
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.34
\nBid-YTW : 0.47 %<\/td>\n<\/tr>\n
ENB.PR.P<\/td>\nFixedReset<\/td>\n169,263<\/td>\nNesbitt crossed blocks of 100,000 and 50,000, both at 24.35.
\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2044-08-11
\nMaturity Price : 22.96
\nEvaluated at bid price : 24.35
\nBid-YTW : 4.02 %<\/td>\n<\/tr>\n
TD.PF.B<\/td>\nFixedReset<\/td>\n118,000<\/td>\nRecent new issue<\/a>.
\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2044-08-11
\nMaturity Price : 23.17
\nEvaluated at bid price : 25.02
\nBid-YTW : 3.60 %<\/td>\n<\/tr>\n
RY.PR.I<\/td>\nFixedReset<\/td>\n75,717<\/td>\nScotia crossed blocks of 33,500 and 28,000, both at 25.32.
\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2019-02-24
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.41
\nBid-YTW : 3.11 %<\/td>\n<\/tr>\n
MFC.PR.K<\/td>\nFixedReset<\/td>\n45,761<\/td>\nRBC bought 19,200 from National at 24.95.
\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 24.93
\nBid-YTW : 3.83 %<\/td>\n<\/tr>\n
TRP.PR.B<\/td>\nFixedReset<\/td>\n27,222<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2044-08-11
\nMaturity Price : 19.80
\nEvaluated at bid price : 19.80
\nBid-YTW : 3.53 %<\/td>\n<\/tr>\n
There were 19 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
PVS.PR.C<\/td>\nSplitShare<\/td>\nQuote: 26.13 – 26.95
\nSpot Rate : 0.8200
\nAverage : 0.5354<\/p>\n

YTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2015-12-10
\nMaturity Price : 25.50
\nEvaluated at bid price : 26.13
\nBid-YTW : 3.51 %<\/td>\n<\/tr>\n

BAM.PR.K<\/td>\nFloater<\/td>\nQuote: 17.30 – 17.90
\nSpot Rate : 0.6000
\nAverage : 0.3986<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2044-08-11
\nMaturity Price : 17.30
\nEvaluated at bid price : 17.30
\nBid-YTW : 3.06 %<\/td>\n<\/tr>\n

POW.PR.C<\/td>\nPerpetual-Premium<\/td>\nQuote: 25.21 – 25.50
\nSpot Rate : 0.2900
\nAverage : 0.1830<\/p>\n

YTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2014-09-10
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.21
\nBid-YTW : 0.79 %<\/td>\n<\/tr>\n

FTS.PR.J<\/td>\nPerpetual-Discount<\/td>\nQuote: 24.05 – 24.50
\nSpot Rate : 0.4500
\nAverage : 0.3710<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2044-08-11
\nMaturity Price : 23.68
\nEvaluated at bid price : 24.05
\nBid-YTW : 5.01 %<\/td>\n<\/tr>\n

ENB.PR.J<\/td>\nFixedReset<\/td>\nQuote: 25.24 – 25.49
\nSpot Rate : 0.2500
\nAverage : 0.1718<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2044-08-11
\nMaturity Price : 23.27
\nEvaluated at bid price : 25.24
\nBid-YTW : 3.98 %<\/td>\n<\/tr>\n

PWF.PR.P<\/td>\nFixedReset<\/td>\nQuote: 23.20 – 23.49
\nSpot Rate : 0.2900
\nAverage : 0.2194<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2044-08-11
\nMaturity Price : 22.77
\nEvaluated at bid price : 23.20
\nBid-YTW : 3.34 %<\/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 down 17bp, FixedResets flat and DeemedRetractibles up 13bp. Volatility was minimal. Volume was low. HIMIPref™ Preferred IndicesThese values reflect …<\/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-26051","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/26051","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=26051"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/26051\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=26051"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=26051"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=26051"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}