{"id":26111,"date":"2014-08-18T21:08:36","date_gmt":"2014-08-19T02:08:36","guid":{"rendered":"http:\/\/prefblog.com\/?p=26111"},"modified":"2014-08-18T21:08:36","modified_gmt":"2014-08-19T02:08:36","slug":"august-18-2014","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=26111","title":{"rendered":"August 18, 2014"},"content":{"rendered":"

Nothing happened today.<\/p>\n

It was a mixed day for the Canadian preferred share market, with PerpetualDiscounts off 3bp, FixedResets up 10bp and DeemedRetractibles gaining 1bp. Volatility was nil. Volume was very 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>\n0.1390 %<\/td>\n2,630.9<\/td>\n<\/tr>\n
FixedFloater<\/td>\n4.17 %<\/td>\n3.41 %<\/td>\n26,121<\/td>\n18.57<\/td>\n1<\/td>\n0.0000 %<\/td>\n4,158.4<\/td>\n<\/tr>\n
Floater<\/td>\n2.92 %<\/td>\n3.04 %<\/td>\n45,256<\/td>\n19.59<\/td>\n4<\/td>\n0.1390 %<\/td>\n2,720.5<\/td>\n<\/tr>\n
OpRet<\/td>\n4.06 %<\/td>\n-0.75 %<\/td>\n86,182<\/td>\n0.08<\/td>\n1<\/td>\n-0.1975 %<\/td>\n2,721.7<\/td>\n<\/tr>\n
SplitShare<\/td>\n4.23 %<\/td>\n4.00 %<\/td>\n69,167<\/td>\n3.95<\/td>\n6<\/td>\n-0.1061 %<\/td>\n3,131.8<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.1975 %<\/td>\n2,488.7<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.49 %<\/td>\n-3.32 %<\/td>\n85,778<\/td>\n0.08<\/td>\n19<\/td>\n0.0807 %<\/td>\n2,437.1<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n5.23 %<\/td>\n5.20 %<\/td>\n114,071<\/td>\n15.13<\/td>\n17<\/td>\n-0.0277 %<\/td>\n2,596.5<\/td>\n<\/tr>\n
FixedReset<\/td>\n4.29 %<\/td>\n3.61 %<\/td>\n190,899<\/td>\n8.63<\/td>\n76<\/td>\n0.1047 %<\/td>\n2,565.6<\/td>\n<\/tr>\n
Deemed-Retractible<\/td>\n4.98 %<\/td>\n2.24 %<\/td>\n102,507<\/td>\n0.27<\/td>\n42<\/td>\n0.0114 %<\/td>\n2,558.1<\/td>\n<\/tr>\n
FloatingReset<\/td>\n2.64 %<\/td>\n2.07 %<\/td>\n87,080<\/td>\n3.82<\/td>\n6<\/td>\n-0.0722 %<\/td>\n2,521.6<\/td>\n<\/tr>\n<\/table>\n\n\n\n\n
Performance Highlights<\/strong><\/td>\n<\/tr>\n
Issue<\/td>\nIndex<\/td>\nChange<\/td>\nNotes<\/td>\n<\/tr>\n
No individual gains or losses exceeding 1%!<\/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.M<\/td>\nFixedReset<\/td>\n208,181<\/td>\nRecent new issue<\/a>.
\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 24.91
\nBid-YTW : 3.95 %<\/td>\n<\/tr>\n
TD.PF.B<\/td>\nFixedReset<\/td>\n153,622<\/td>\nRecent new issue<\/a>.
\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2044-08-18
\nMaturity Price : 23.16
\nEvaluated at bid price : 25.00
\nBid-YTW : 3.67 %<\/td>\n<\/tr>\n
RY.PR.X<\/td>\nFixedReset<\/td>\n142,340<\/td>\nCalled for redemption August 24<\/a>.
\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2014-09-23
\nMaturity Price : 25.00
\nEvaluated at bid price : 24.99
\nBid-YTW : 5.68 %<\/td>\n<\/tr>\n
CM.PR.O<\/td>\nFixedReset<\/td>\n73,729<\/td>\nRBC crossed 65,000 at 25.52.
\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2044-08-18
\nMaturity Price : 23.29
\nEvaluated at bid price : 25.39
\nBid-YTW : 3.69 %<\/td>\n<\/tr>\n
ENB.PF.E<\/td>\nFixedReset<\/td>\n44,140<\/td>\nRecent new issue<\/a>.
\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2044-08-18
\nMaturity Price : 23.11
\nEvaluated at bid price : 24.99
\nBid-YTW : 4.15 %<\/td>\n<\/tr>\n
NA.PR.S<\/td>\nFixedReset<\/td>\n41,745<\/td>\nTD crossed 40,000 at 25.54.
\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2019-05-15
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.55
\nBid-YTW : 3.61 %<\/td>\n<\/tr>\n
There were 14 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.F<\/td>\nPerpetual-Discount<\/td>\nQuote: 24.56 – 25.24
\nSpot Rate : 0.6800
\nAverage : 0.4162<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2044-08-18
\nMaturity Price : 24.27
\nEvaluated at bid price : 24.56
\nBid-YTW : 4.99 %<\/td>\n<\/tr>\n

NEW.PR.D<\/td>\nSplitShare<\/td>\nQuote: 32.28 – 32.61
\nSpot Rate : 0.3300
\nAverage : 0.2434<\/p>\n

YTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2015-06-26
\nMaturity Price : 32.07
\nEvaluated at bid price : 32.28
\nBid-YTW : 4.12 %<\/td>\n<\/tr>\n

BAM.PR.M<\/td>\nPerpetual-Discount<\/td>\nQuote: 21.55 – 21.87
\nSpot Rate : 0.3200
\nAverage : 0.2420<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2044-08-18
\nMaturity Price : 21.55
\nEvaluated at bid price : 21.55
\nBid-YTW : 5.60 %<\/td>\n<\/tr>\n

TRP.PR.A<\/td>\nFixedReset<\/td>\nQuote: 23.18 – 23.41
\nSpot Rate : 0.2300
\nAverage : 0.1631<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2044-08-18
\nMaturity Price : 22.36
\nEvaluated at bid price : 23.18
\nBid-YTW : 3.71 %<\/td>\n<\/tr>\n

GWO.PR.N<\/td>\nFixedReset<\/td>\nQuote: 21.33 – 21.55
\nSpot Rate : 0.2200
\nAverage : 0.1558<\/p>\n

YTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 21.33
\nBid-YTW : 4.82 %<\/td>\n<\/tr>\n

ENB.PR.F<\/td>\nFixedReset<\/td>\nQuote: 24.65 – 24.83
\nSpot Rate : 0.1800
\nAverage : 0.1167<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2044-08-18
\nMaturity Price : 23.15
\nEvaluated at bid price : 24.65
\nBid-YTW : 3.97 %<\/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 3bp, FixedResets up 10bp and DeemedRetractibles gaining 1bp. Volatility was nil. Volume was very low. HIMIPref™ Preferred IndicesThese …<\/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-26111","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/26111","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=26111"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/26111\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=26111"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=26111"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=26111"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}