{"id":26124,"date":"2014-08-21T18:14:11","date_gmt":"2014-08-21T23:14:11","guid":{"rendered":"http:\/\/prefblog.com\/?p=26124"},"modified":"2014-08-21T18:14:11","modified_gmt":"2014-08-21T23:14:11","slug":"august-21-2014","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=26124","title":{"rendered":"August 21, 2014"},"content":{"rendered":"

Nothing happened again today. Dull week.<\/p>\n

It was a mixed day for the Canadian preferred share market, with PerpetualDiscounts off 6bp, FixedResets up 10bp and DeemedRetractibles gaining 4bp. 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>\n-0.2232 %<\/td>\n2,612.6<\/td>\n<\/tr>\n
FixedFloater<\/td>\n4.17 %<\/td>\n3.41 %<\/td>\n25,928<\/td>\n18.56<\/td>\n1<\/td>\n0.0000 %<\/td>\n4,156.5<\/td>\n<\/tr>\n
Floater<\/td>\n2.94 %<\/td>\n3.07 %<\/td>\n46,255<\/td>\n19.51<\/td>\n4<\/td>\n-0.2232 %<\/td>\n2,701.6<\/td>\n<\/tr>\n
OpRet<\/td>\n4.05 %<\/td>\n-3.21 %<\/td>\n91,337<\/td>\n0.08<\/td>\n1<\/td>\n0.1582 %<\/td>\n2,728.2<\/td>\n<\/tr>\n
SplitShare<\/td>\n4.23 %<\/td>\n3.79 %<\/td>\n72,384<\/td>\n3.99<\/td>\n6<\/td>\n0.2157 %<\/td>\n3,150.4<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.1582 %<\/td>\n2,494.6<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.49 %<\/td>\n-0.46 %<\/td>\n83,196<\/td>\n0.08<\/td>\n19<\/td>\n0.0496 %<\/td>\n2,437.0<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n5.23 %<\/td>\n5.17 %<\/td>\n111,046<\/td>\n15.18<\/td>\n17<\/td>\n-0.0554 %<\/td>\n2,594.4<\/td>\n<\/tr>\n
FixedReset<\/td>\n4.29 %<\/td>\n3.63 %<\/td>\n188,998<\/td>\n8.63<\/td>\n76<\/td>\n0.0998 %<\/td>\n2,569.1<\/td>\n<\/tr>\n
Deemed-Retractible<\/td>\n4.99 %<\/td>\n2.42 %<\/td>\n105,448<\/td>\n0.35<\/td>\n42<\/td>\n0.0370 %<\/td>\n2,556.5<\/td>\n<\/tr>\n
FloatingReset<\/td>\n2.64 %<\/td>\n2.07 %<\/td>\n89,055<\/td>\n3.81<\/td>\n6<\/td>\n-0.0590 %<\/td>\n2,523.6<\/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>\n262,112<\/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 : 25.05
\nBid-YTW : 3.88 %<\/td>\n<\/tr>\n
CU.PR.E<\/td>\nPerpetual-Discount<\/td>\n100,000<\/td>\nNesbitt crossed 100,000 at 24.55.
\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2044-08-21
\nMaturity Price : 24.04
\nEvaluated at bid price : 24.45
\nBid-YTW : 5.01 %<\/td>\n<\/tr>\n
TD.PF.A<\/td>\nFixedReset<\/td>\n60,080<\/td>\nDesjardins crossed 58,900 at 25.35.
\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2044-08-21
\nMaturity Price : 23.25
\nEvaluated at bid price : 25.32
\nBid-YTW : 3.64 %<\/td>\n<\/tr>\n
BNS.PR.O<\/td>\nDeemed-Retractible<\/td>\n52,600<\/td>\nTD crossed 50,000 at 26.25.
\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2014-09-20
\nMaturity Price : 25.75
\nEvaluated at bid price : 26.20
\nBid-YTW : -11.54 %<\/td>\n<\/tr>\n
BAM.PR.B<\/td>\nFloater<\/td>\n49,580<\/td>\nNesbitt crossed 40,000 at 17.22.
\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2044-08-21
\nMaturity Price : 17.25
\nEvaluated at bid price : 17.25
\nBid-YTW : 3.07 %<\/td>\n<\/tr>\n
MFC.PR.H<\/td>\nFixedReset<\/td>\n34,125<\/td>\nTD crossed 25,000 at 26.15.
\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2017-03-19
\nMaturity Price : 25.00
\nEvaluated at bid price : 26.11
\nBid-YTW : 2.67 %<\/td>\n<\/tr>\n
There were 16 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
TD.PR.S<\/td>\nFixedReset<\/td>\nQuote: 25.31 – 25.89
\nSpot Rate : 0.5800
\nAverage : 0.3601<\/p>\n

YTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2018-07-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.31
\nBid-YTW : 3.10 %<\/td>\n<\/tr>\n

RY.PR.F<\/td>\nDeemed-Retractible<\/td>\nQuote: 25.56 – 25.76
\nSpot Rate : 0.2000
\nAverage : 0.1366<\/p>\n

YTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2014-09-20
\nMaturity Price : 25.50
\nEvaluated at bid price : 25.56
\nBid-YTW : 1.06 %<\/td>\n<\/tr>\n

CU.PR.D<\/td>\nPerpetual-Discount<\/td>\nQuote: 24.36 – 24.64
\nSpot Rate : 0.2800
\nAverage : 0.2184<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2044-08-21
\nMaturity Price : 23.96
\nEvaluated at bid price : 24.36
\nBid-YTW : 5.03 %<\/td>\n<\/tr>\n

ENB.PR.P<\/td>\nFixedReset<\/td>\nQuote: 24.25 – 24.44
\nSpot Rate : 0.1900
\nAverage : 0.1310<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2044-08-21
\nMaturity Price : 22.92
\nEvaluated at bid price : 24.25
\nBid-YTW : 4.04 %<\/td>\n<\/tr>\n

ENB.PR.F<\/td>\nFixedReset<\/td>\nQuote: 24.76 – 24.97
\nSpot Rate : 0.2100
\nAverage : 0.1528<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2044-08-21
\nMaturity Price : 23.19
\nEvaluated at bid price : 24.76
\nBid-YTW : 3.95 %<\/td>\n<\/tr>\n

HSB.PR.D<\/td>\nDeemed-Retractible<\/td>\nQuote: 25.20 – 25.45
\nSpot Rate : 0.2500
\nAverage : 0.1945<\/p>\n

YTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2014-12-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.20
\nBid-YTW : 4.76 %<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Nothing happened again today. Dull week. It was a mixed day for the Canadian preferred share market, with PerpetualDiscounts off 6bp, FixedResets up 10bp and DeemedRetractibles gaining 4bp. Volatility was nil. Volume was very low. …<\/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-26124","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/26124","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=26124"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/26124\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=26124"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=26124"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=26124"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}