{"id":26121,"date":"2014-08-21T02:31:51","date_gmt":"2014-08-21T07:31:51","guid":{"rendered":"http:\/\/prefblog.com\/?p=26121"},"modified":"2014-08-21T02:31:51","modified_gmt":"2014-08-21T07:31:51","slug":"august-20-2014","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=26121","title":{"rendered":"August 20, 2014"},"content":{"rendered":"

Nothing happened today, either.<\/p>\n

It was another mixed day for the Canadian preferred share market, with PerpetualDiscounts flat, FixedResets gaining 1bp and DeemedRetractibles off 8bp. Volatility was minimal. Volume was on the low side of 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-0.1254 %<\/td>\n2,618.4<\/td>\n<\/tr>\n
FixedFloater<\/td>\n4.17 %<\/td>\n3.41 %<\/td>\n26,205<\/td>\n18.56<\/td>\n1<\/td>\n-0.0439 %<\/td>\n4,156.5<\/td>\n<\/tr>\n
Floater<\/td>\n2.93 %<\/td>\n3.07 %<\/td>\n45,466<\/td>\n19.51<\/td>\n4<\/td>\n-0.1254 %<\/td>\n2,707.7<\/td>\n<\/tr>\n
OpRet<\/td>\n4.05 %<\/td>\n-1.44 %<\/td>\n92,688<\/td>\n0.08<\/td>\n1<\/td>\n0.0000 %<\/td>\n2,723.9<\/td>\n<\/tr>\n
SplitShare<\/td>\n4.24 %<\/td>\n3.86 %<\/td>\n73,412<\/td>\n3.99<\/td>\n6<\/td>\n0.1860 %<\/td>\n3,143.6<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.0000 %<\/td>\n2,490.7<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.49 %<\/td>\n-1.10 %<\/td>\n83,428<\/td>\n0.08<\/td>\n19<\/td>\n-0.0579 %<\/td>\n2,435.8<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n5.23 %<\/td>\n5.17 %<\/td>\n112,121<\/td>\n15.18<\/td>\n17<\/td>\n0.0025 %<\/td>\n2,595.8<\/td>\n<\/tr>\n
FixedReset<\/td>\n4.29 %<\/td>\n3.63 %<\/td>\n189,155<\/td>\n8.60<\/td>\n76<\/td>\n0.0069 %<\/td>\n2,566.6<\/td>\n<\/tr>\n
Deemed-Retractible<\/td>\n4.99 %<\/td>\n2.94 %<\/td>\n105,452<\/td>\n0.36<\/td>\n42<\/td>\n-0.0815 %<\/td>\n2,555.5<\/td>\n<\/tr>\n
FloatingReset<\/td>\n2.64 %<\/td>\n2.03 %<\/td>\n88,185<\/td>\n3.75<\/td>\n6<\/td>\n-0.0131 %<\/td>\n2,525.1<\/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
BAM.PF.D<\/td>\nPerpetual-Discount<\/td>\n-1.09 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2044-08-20
\nMaturity Price : 21.52
\nEvaluated at bid price : 21.82
\nBid-YTW : 5.69 %<\/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>\n288,000<\/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 : 25.02
\nBid-YTW : 3.90 %<\/td>\n<\/tr>\n
TD.PF.B<\/td>\nFixedReset<\/td>\n117,066<\/td>\nRecent new issue<\/a>.
\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2044-08-20
\nMaturity Price : 23.18
\nEvaluated at bid price : 25.05
\nBid-YTW : 3.66 %<\/td>\n<\/tr>\n
PWF.PR.P<\/td>\nFixedReset<\/td>\n88,760<\/td>\nDesjardins crossed blocks of 59,500 and 17,100, both at 23.49.
\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2044-08-20
\nMaturity Price : 23.04
\nEvaluated at bid price : 23.48
\nBid-YTW : 3.38 %<\/td>\n<\/tr>\n
ENB.PF.E<\/td>\nFixedReset<\/td>\n66,673<\/td>\nRBC crossed 50,000 at 25.06.
\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2044-08-20
\nMaturity Price : 23.13
\nEvaluated at bid price : 25.05
\nBid-YTW : 4.14 %<\/td>\n<\/tr>\n
RY.PR.I<\/td>\nFixedReset<\/td>\n55,870<\/td>\nRBC crossed 50,000 at 25.51.
\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2019-02-24
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.33
\nBid-YTW : 3.21 %<\/td>\n<\/tr>\n
FTS.PR.J<\/td>\nPerpetual-Discount<\/td>\n52,698<\/td>\nDesjardins crossed 50,000 at 24.20.
\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2044-08-20
\nMaturity Price : 23.74
\nEvaluated at bid price : 24.12
\nBid-YTW : 4.92 %<\/td>\n<\/tr>\n
There were 29 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
RY.PR.D<\/td>\nDeemed-Retractible<\/td>\nQuote: 25.35 – 25.64
\nSpot Rate : 0.2900
\nAverage : 0.1933<\/p>\n

YTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2016-02-24
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.35
\nBid-YTW : 3.52 %<\/td>\n<\/tr>\n

FTS.PR.K<\/td>\nFixedReset<\/td>\nQuote: 25.05 – 25.25
\nSpot Rate : 0.2000
\nAverage : 0.1285<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2044-08-20
\nMaturity Price : 23.21
\nEvaluated at bid price : 25.05
\nBid-YTW : 3.51 %<\/td>\n<\/tr>\n

TRP.PR.C<\/td>\nFixedReset<\/td>\nQuote: 22.35 – 22.70
\nSpot Rate : 0.3500
\nAverage : 0.2890<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2044-08-20
\nMaturity Price : 21.84
\nEvaluated at bid price : 22.35
\nBid-YTW : 3.48 %<\/td>\n<\/tr>\n

CU.PR.D<\/td>\nPerpetual-Discount<\/td>\nQuote: 24.43 – 24.64
\nSpot Rate : 0.2100
\nAverage : 0.1509<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2044-08-20
\nMaturity Price : 24.03
\nEvaluated at bid price : 24.43
\nBid-YTW : 5.01 %<\/td>\n<\/tr>\n

IAG.PR.E<\/td>\nDeemed-Retractible<\/td>\nQuote: 26.16 – 26.35
\nSpot Rate : 0.1900
\nAverage : 0.1326<\/p>\n

YTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2017-12-31
\nMaturity Price : 25.25
\nEvaluated at bid price : 26.16
\nBid-YTW : 5.07 %<\/td>\n<\/tr>\n

PWF.PR.P<\/td>\nFixedReset<\/td>\nQuote: 23.48 – 23.69
\nSpot Rate : 0.2100
\nAverage : 0.1529<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2044-08-20
\nMaturity Price : 23.04
\nEvaluated at bid price : 23.48
\nBid-YTW : 3.38 %<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Nothing happened today, either. It was another mixed day for the Canadian preferred share market, with PerpetualDiscounts flat, FixedResets gaining 1bp and DeemedRetractibles off 8bp. Volatility was minimal. Volume was on the low side of …<\/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-26121","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/26121","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=26121"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/26121\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=26121"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=26121"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=26121"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}