{"id":26146,"date":"2014-08-26T21:41:40","date_gmt":"2014-08-27T02:41:40","guid":{"rendered":"http:\/\/prefblog.com\/?p=26146"},"modified":"2014-08-26T21:41:40","modified_gmt":"2014-08-27T02:41:40","slug":"august-26-2014","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=26146","title":{"rendered":"August 26, 2014"},"content":{"rendered":"

Nothing happened today.<\/p>\n

It was a mixed day for the Canadian preferred share market, with PerpetualDiscounts up 28bp, FixedResets gaining 6bp and DeemedRetractibles off 2bp. Volatility was good, with both winners and losers dominated by FixedResets. 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>\n0.0836 %<\/td>\n2,621.7<\/td>\n<\/tr>\n
FixedFloater<\/td>\n4.17 %<\/td>\n3.42 %<\/td>\n27,786<\/td>\n18.55<\/td>\n1<\/td>\n0.0000 %<\/td>\n4,156.5<\/td>\n<\/tr>\n
Floater<\/td>\n2.93 %<\/td>\n3.07 %<\/td>\n49,079<\/td>\n19.50<\/td>\n4<\/td>\n0.0836 %<\/td>\n2,711.1<\/td>\n<\/tr>\n
OpRet<\/td>\n4.05 %<\/td>\n-2.54 %<\/td>\n89,295<\/td>\n0.08<\/td>\n1<\/td>\n0.0791 %<\/td>\n2,728.2<\/td>\n<\/tr>\n
SplitShare<\/td>\n4.23 %<\/td>\n3.86 %<\/td>\n64,400<\/td>\n3.97<\/td>\n6<\/td>\n-0.0058 %<\/td>\n3,152.9<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.0791 %<\/td>\n2,494.6<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.49 %<\/td>\n-1.43 %<\/td>\n83,572<\/td>\n0.08<\/td>\n19<\/td>\n-0.0331 %<\/td>\n2,436.8<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n5.21 %<\/td>\n5.15 %<\/td>\n111,858<\/td>\n15.21<\/td>\n17<\/td>\n0.2844 %<\/td>\n2,603.5<\/td>\n<\/tr>\n
FixedReset<\/td>\n4.23 %<\/td>\n3.65 %<\/td>\n186,331<\/td>\n6.57<\/td>\n74<\/td>\n0.0556 %<\/td>\n2,572.0<\/td>\n<\/tr>\n
Deemed-Retractible<\/td>\n4.99 %<\/td>\n2.17 %<\/td>\n104,114<\/td>\n0.34<\/td>\n42<\/td>\n-0.0199 %<\/td>\n2,560.4<\/td>\n<\/tr>\n
FloatingReset<\/td>\n2.63 %<\/td>\n1.92 %<\/td>\n84,305<\/td>\n0.16<\/td>\n6<\/td>\n0.0918 %<\/td>\n2,527.4<\/td>\n<\/tr>\n<\/table>\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
HSE.PR.A<\/td>\nFixedReset<\/td>\n-1.21 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2044-08-26
\nMaturity Price : 22.56
\nEvaluated at bid price : 22.95
\nBid-YTW : 3.71 %<\/td>\n<\/tr>\n
TRP.PR.C<\/td>\nFixedReset<\/td>\n-1.11 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2044-08-26
\nMaturity Price : 21.82
\nEvaluated at bid price : 22.32
\nBid-YTW : 3.55 %<\/td>\n<\/tr>\n
IAG.PR.G<\/td>\nFixedReset<\/td>\n1.15 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2017-06-30
\nMaturity Price : 25.00
\nEvaluated at bid price : 26.46
\nBid-YTW : 2.42 %<\/td>\n<\/tr>\n
FTS.PR.F<\/td>\nPerpetual-Discount<\/td>\n1.28 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2044-08-26
\nMaturity Price : 24.23
\nEvaluated at bid price : 24.51
\nBid-YTW : 5.01 %<\/td>\n<\/tr>\n
GWO.PR.N<\/td>\nFixedReset<\/td>\n1.87 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 21.75
\nBid-YTW : 4.65 %<\/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
BNS.PR.N<\/td>\nDeemed-Retractible<\/td>\n304,700<\/td>\nNesbitt crossed blocks of 150,000 shares, 50,000 and 100,000, all at 26.15. Nice tickets!
\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2014-09-25
\nMaturity Price : 25.75
\nEvaluated at bid price : 26.10
\nBid-YTW : -6.84 %<\/td>\n<\/tr>\n
BAM.PR.P<\/td>\nFixedReset<\/td>\n202,718<\/td>\nIndicated for redemption September 30<\/a>.
\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2014-09-30
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.38
\nBid-YTW : 2.51 %<\/td>\n<\/tr>\n
BMO.PR.W<\/td>\nFixedReset<\/td>\n120,357<\/td>\nRecent new issue<\/a>.
\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2044-08-26
\nMaturity Price : 23.17
\nEvaluated at bid price : 25.08
\nBid-YTW : 3.66 %<\/td>\n<\/tr>\n
BNS.PR.O<\/td>\nDeemed-Retractible<\/td>\n84,418<\/td>\nTD crossed blocks of 50,000 and 28,700, both at 26.25.
\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2014-09-25
\nMaturity Price : 25.75
\nEvaluated at bid price : 26.20
\nBid-YTW : -10.69 %<\/td>\n<\/tr>\n
TD.PF.B<\/td>\nFixedReset<\/td>\n73,692<\/td>\nRecent new issue<\/a>.
\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2044-08-26
\nMaturity Price : 23.22
\nEvaluated at bid price : 25.16
\nBid-YTW : 3.68 %<\/td>\n<\/tr>\n
BAM.PR.C<\/td>\nFloater<\/td>\n73,397<\/td>\nNesbitt crossed 70,700 at 17.15.
\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2044-08-26
\nMaturity Price : 17.25
\nEvaluated at bid price : 17.25
\nBid-YTW : 3.07 %<\/td>\n<\/tr>\n
There were 30 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
NEW.PR.D<\/td>\nSplitShare<\/td>\nQuote: 32.58 – 32.88
\nSpot Rate : 0.3000
\nAverage : 0.2159<\/p>\n

YTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2015-06-26
\nMaturity Price : 32.07
\nEvaluated at bid price : 32.58
\nBid-YTW : 3.08 %<\/td>\n<\/tr>\n

PVS.PR.C<\/td>\nSplitShare<\/td>\nQuote: 26.20 – 27.20
\nSpot Rate : 1.0000
\nAverage : 0.9252<\/p>\n

YTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2014-09-25
\nMaturity Price : 26.00
\nEvaluated at bid price : 26.20
\nBid-YTW : -6.43 %<\/td>\n<\/tr>\n

IAG.PR.G<\/td>\nFixedReset<\/td>\nQuote: 26.46 – 26.77
\nSpot Rate : 0.3100
\nAverage : 0.2412<\/p>\n

YTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2017-06-30
\nMaturity Price : 25.00
\nEvaluated at bid price : 26.46
\nBid-YTW : 2.42 %<\/td>\n<\/tr>\n

BAM.PR.R<\/td>\nFixedReset<\/td>\nQuote: 25.91 – 26.10
\nSpot Rate : 0.1900
\nAverage : 0.1274<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2044-08-26
\nMaturity Price : 23.92
\nEvaluated at bid price : 25.91
\nBid-YTW : 3.77 %<\/td>\n<\/tr>\n

FTS.PR.H<\/td>\nFixedReset<\/td>\nQuote: 20.90 – 21.16
\nSpot Rate : 0.2600
\nAverage : 0.2000<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2044-08-26
\nMaturity Price : 20.90
\nEvaluated at bid price : 20.90
\nBid-YTW : 3.65 %<\/td>\n<\/tr>\n

CGI.PR.D<\/td>\nSplitShare<\/td>\nQuote: 25.01 – 25.20
\nSpot Rate : 0.1900
\nAverage : 0.1336<\/p>\n

YTW SCENARIO
\nMaturity Type : Soft Maturity
\nMaturity Date\t: 2023-06-14
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.01
\nBid-YTW : 3.86 %<\/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 up 28bp, FixedResets gaining 6bp and DeemedRetractibles off 2bp. Volatility was good, with both winners and losers dominated by …<\/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-26146","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/26146","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=26146"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/26146\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=26146"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=26146"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=26146"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}