{"id":26292,"date":"2014-09-15T20:35:37","date_gmt":"2014-09-16T01:35:37","guid":{"rendered":"http:\/\/prefblog.com\/?p=26292"},"modified":"2014-09-15T20:35:37","modified_gmt":"2014-09-16T01:35:37","slug":"september-15-2014","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=26292","title":{"rendered":"September 15, 2014"},"content":{"rendered":"

Nothing happened today.<\/p>\n

It was a mixed day for the Canadian preferred share market, with PerpetualDiscounts up 16bp, FixedResets off 3bp and DeemedRetractibles gaining 3bp. Volatility was minimal. 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>\n0.7074 %<\/td>\n2,665.7<\/td>\n<\/tr>\n
FixedFloater<\/td>\n4.14 %<\/td>\n3.40 %<\/td>\n25,854<\/td>\n18.56<\/td>\n1<\/td>\n0.0000 %<\/td>\n4,185.8<\/td>\n<\/tr>\n
Floater<\/td>\n2.89 %<\/td>\n3.03 %<\/td>\n46,407<\/td>\n19.65<\/td>\n4<\/td>\n0.7074 %<\/td>\n2,756.6<\/td>\n<\/tr>\n
OpRet<\/td>\n4.04 %<\/td>\n-1.77 %<\/td>\n91,665<\/td>\n0.08<\/td>\n1<\/td>\n0.1975 %<\/td>\n2,732.5<\/td>\n<\/tr>\n
SplitShare<\/td>\n4.28 %<\/td>\n3.72 %<\/td>\n110,343<\/td>\n3.92<\/td>\n5<\/td>\n0.0626 %<\/td>\n3,157.4<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.1975 %<\/td>\n2,498.6<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.46 %<\/td>\n1.75 %<\/td>\n70,587<\/td>\n0.09<\/td>\n20<\/td>\n0.0000 %<\/td>\n2,440.0<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n5.22 %<\/td>\n5.14 %<\/td>\n102,449<\/td>\n15.20<\/td>\n16<\/td>\n0.1583 %<\/td>\n2,612.7<\/td>\n<\/tr>\n
FixedReset<\/td>\n4.26 %<\/td>\n3.80 %<\/td>\n177,882<\/td>\n6.49<\/td>\n74<\/td>\n-0.0329 %<\/td>\n2,558.7<\/td>\n<\/tr>\n
Deemed-Retractible<\/td>\n5.00 %<\/td>\n1.90 %<\/td>\n102,068<\/td>\n0.29<\/td>\n42<\/td>\n0.0323 %<\/td>\n2,565.7<\/td>\n<\/tr>\n
FloatingReset<\/td>\n2.63 %<\/td>\n1.92 %<\/td>\n75,135<\/td>\n0.08<\/td>\n6<\/td>\n-0.1048 %<\/td>\n2,525.9<\/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
PWF.PR.A<\/td>\nFloater<\/td>\n1.80 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2044-09-15
\nMaturity Price : 20.87
\nEvaluated at bid price : 20.87
\nBid-YTW : 2.53 %<\/td>\n<\/tr>\n
FTS.PR.J<\/td>\nPerpetual-Discount<\/td>\n1.91 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2044-09-15
\nMaturity Price : 23.68
\nEvaluated at bid price : 24.06
\nBid-YTW : 4.95 %<\/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.L<\/td>\nDeemed-Retractible<\/td>\n41,912<\/td>\nRBC bought blocks of 10,000 and 10,600 from anonymous, both at 25.75, then crossed 10,000 at the same price.
\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2014-10-15
\nMaturity Price : 25.50
\nEvaluated at bid price : 25.75
\nBid-YTW : -0.75 %<\/td>\n<\/tr>\n
NA.PR.S<\/td>\nFixedReset<\/td>\n31,373<\/td>\nNational crossed 19,100 at 25.74.
\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2019-05-15
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.65
\nBid-YTW : 3.59 %<\/td>\n<\/tr>\n
TD.PR.P<\/td>\nDeemed-Retractible<\/td>\n22,247<\/td>\nRBC crossed two blocks of 10,000 each, both at 25.96.
\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2014-11-01
\nMaturity Price : 25.50
\nEvaluated at bid price : 25.90
\nBid-YTW : -2.04 %<\/td>\n<\/tr>\n
TD.PF.A<\/td>\nFixedReset<\/td>\n21,500<\/td>\nScotia crossed 15,000 at 25.31.
\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2019-10-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.30
\nBid-YTW : 3.55 %<\/td>\n<\/tr>\n
BNS.PR.Z<\/td>\nFixedReset<\/td>\n20,384<\/td>\nTD crossed 10,000 at 24.50.
\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2022-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 24.43
\nBid-YTW : 3.60 %<\/td>\n<\/tr>\n
IFC.PR.C<\/td>\nFixedReset<\/td>\n20,305<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2016-09-30
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.46
\nBid-YTW : 3.19 %<\/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
NEW.PR.D<\/td>\nSplitShare<\/td>\nQuote: 32.79 – 33.28
\nSpot Rate : 0.4900
\nAverage : 0.3644<\/p>\n

YTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2015-06-26
\nMaturity Price : 32.07
\nEvaluated at bid price : 32.79
\nBid-YTW : 1.11 %<\/td>\n<\/tr>\n

SLF.PR.G<\/td>\nFixedReset<\/td>\nQuote: 22.15 – 22.42
\nSpot Rate : 0.2700
\nAverage : 0.1724<\/p>\n

YTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 22.15
\nBid-YTW : 4.58 %<\/td>\n<\/tr>\n

PVS.PR.C<\/td>\nSplitShare<\/td>\nQuote: 25.99 – 26.90
\nSpot Rate : 0.9100
\nAverage : 0.8292<\/p>\n

YTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2015-12-10
\nMaturity Price : 25.50
\nEvaluated at bid price : 25.99
\nBid-YTW : 3.27 %<\/td>\n<\/tr>\n

MFC.PR.F<\/td>\nFixedReset<\/td>\nQuote: 22.70 – 23.00
\nSpot Rate : 0.3000
\nAverage : 0.2286<\/p>\n

YTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 22.70
\nBid-YTW : 4.43 %<\/td>\n<\/tr>\n

RY.PR.Z<\/td>\nFixedReset<\/td>\nQuote: 25.34 – 25.51
\nSpot Rate : 0.1700
\nAverage : 0.1047<\/p>\n

YTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2019-05-24
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.34
\nBid-YTW : 3.75 %<\/td>\n<\/tr>\n

SLF.PR.A<\/td>\nDeemed-Retractible<\/td>\nQuote: 23.62 – 23.81
\nSpot Rate : 0.1900
\nAverage : 0.1395<\/p>\n

YTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 23.62
\nBid-YTW : 5.46 %<\/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 16bp, FixedResets off 3bp and DeemedRetractibles gaining 3bp. Volatility was minimal. 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-26292","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/26292","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=26292"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/26292\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=26292"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=26292"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=26292"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}