{"id":26317,"date":"2014-09-18T20:12:35","date_gmt":"2014-09-19T01:12:35","guid":{"rendered":"http:\/\/prefblog.com\/?p=26317"},"modified":"2014-09-18T20:12:35","modified_gmt":"2014-09-19T01:12:35","slug":"september-18-2014","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=26317","title":{"rendered":"September 18, 2014"},"content":{"rendered":"

Nothing happened today.<\/p>\n

It was a mixed day for the Canadian preferred share market, with PerptualDiscounts down 15bp, FixedResets up 10bp and DeemedRetractibles gaining 2bp. Volatility was minimal. Volume was 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>\n0.4171 %<\/td>\n2,651.8<\/td>\n<\/tr>\n
FixedFloater<\/td>\n4.17 %<\/td>\n3.42 %<\/td>\n24,543<\/td>\n18.51<\/td>\n1<\/td>\n0.2198 %<\/td>\n4,163.9<\/td>\n<\/tr>\n
Floater<\/td>\n2.91 %<\/td>\n3.04 %<\/td>\n55,250<\/td>\n19.64<\/td>\n4<\/td>\n0.4171 %<\/td>\n2,742.1<\/td>\n<\/tr>\n
OpRet<\/td>\n4.05 %<\/td>\n1.03 %<\/td>\n89,746<\/td>\n0.08<\/td>\n1<\/td>\n-0.0395 %<\/td>\n2,727.1<\/td>\n<\/tr>\n
SplitShare<\/td>\n4.30 %<\/td>\n3.76 %<\/td>\n109,801<\/td>\n3.91<\/td>\n5<\/td>\n0.0930 %<\/td>\n3,150.1<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.0395 %<\/td>\n2,493.7<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.47 %<\/td>\n1.80 %<\/td>\n70,538<\/td>\n0.09<\/td>\n20<\/td>\n0.0138 %<\/td>\n2,437.7<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n5.27 %<\/td>\n5.19 %<\/td>\n100,980<\/td>\n15.15<\/td>\n16<\/td>\n-0.1483 %<\/td>\n2,591.3<\/td>\n<\/tr>\n
FixedReset<\/td>\n4.26 %<\/td>\n3.80 %<\/td>\n186,561<\/td>\n6.57<\/td>\n74<\/td>\n0.1011 %<\/td>\n2,557.0<\/td>\n<\/tr>\n
Deemed-Retractible<\/td>\n5.01 %<\/td>\n1.76 %<\/td>\n109,953<\/td>\n0.28<\/td>\n42<\/td>\n0.0200 %<\/td>\n2,562.5<\/td>\n<\/tr>\n
FloatingReset<\/td>\n2.61 %<\/td>\n0.00 %<\/td>\n70,068<\/td>\n0.08<\/td>\n6<\/td>\n0.3534 %<\/td>\n2,539.0<\/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
BAM.PF.E<\/td>\nFixedReset<\/td>\n1.02 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2044-09-18
\nMaturity Price : 23.06
\nEvaluated at bid price : 24.81
\nBid-YTW : 4.22 %<\/td>\n<\/tr>\n
MFC.PR.M<\/td>\nFixedReset<\/td>\n1.59 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2019-12-19
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.53
\nBid-YTW : 3.55 %<\/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
NA.PR.S<\/td>\nFixedReset<\/td>\n378,400<\/td>\nScotia crossed 368,200 at 25.60. Nice ticket!
\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2019-05-15
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.61
\nBid-YTW : 3.63 %<\/td>\n<\/tr>\n
NA.PR.Q<\/td>\nFixedReset<\/td>\n104,238<\/td>\nScotia crossed 100,000 at 25.77.
\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2017-11-15
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.85
\nBid-YTW : 2.80 %<\/td>\n<\/tr>\n
TRP.PR.E<\/td>\nFixedReset<\/td>\n97,670<\/td>\nRBC crossed 50,000 at 25.39; Scotia crossed 40,000 at the same price.
\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2044-09-18
\nMaturity Price : 23.28
\nEvaluated at bid price : 25.39
\nBid-YTW : 3.93 %<\/td>\n<\/tr>\n
BMO.PR.W<\/td>\nFixedReset<\/td>\n91,875<\/td>\nRBC crosse 50,000 at 25.08.
\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2044-09-18
\nMaturity Price : 23.18
\nEvaluated at bid price : 25.08
\nBid-YTW : 3.78 %<\/td>\n<\/tr>\n
FTS.PR.G<\/td>\nFixedReset<\/td>\n73,870<\/td>\nNesbitt crossed 62,300at 24.80.
\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2044-09-18
\nMaturity Price : 23.15
\nEvaluated at bid price : 24.70
\nBid-YTW : 3.79 %<\/td>\n<\/tr>\n
GWO.PR.N<\/td>\nFixedReset<\/td>\n55,160<\/td>\nNesbitt crossed 50,000 at 21.84.
\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 21.80
\nBid-YTW : 4.67 %<\/td>\n<\/tr>\n
There were 21 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
BAM.PF.A<\/td>\nFixedReset<\/td>\nQuote: 25.32 – 25.74
\nSpot Rate : 0.4200
\nAverage : 0.2394<\/p>\n

YTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2018-09-30
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.32
\nBid-YTW : 4.14 %<\/td>\n<\/tr>\n

PVS.PR.C<\/td>\nSplitShare<\/td>\nQuote: 25.92 – 26.90
\nSpot Rate : 0.9800
\nAverage : 0.8722<\/p>\n

YTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2015-12-10
\nMaturity Price : 25.50
\nEvaluated at bid price : 25.92
\nBid-YTW : 3.52 %<\/td>\n<\/tr>\n

MFC.PR.K<\/td>\nFixedReset<\/td>\nQuote: 24.70 – 25.05
\nSpot Rate : 0.3500
\nAverage : 0.2436<\/p>\n

YTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 24.70
\nBid-YTW : 4.02 %<\/td>\n<\/tr>\n

BAM.PR.R<\/td>\nFixedReset<\/td>\nQuote: 25.33 – 25.59
\nSpot Rate : 0.2600
\nAverage : 0.1712<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2044-09-18
\nMaturity Price : 23.76
\nEvaluated at bid price : 25.33
\nBid-YTW : 3.96 %<\/td>\n<\/tr>\n

MFC.PR.F<\/td>\nFixedReset<\/td>\nQuote: 22.70 – 23.00
\nSpot Rate : 0.3000
\nAverage : 0.2244<\/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 : 4.44 %<\/td>\n<\/tr>\n

TRP.PR.A<\/td>\nFixedReset<\/td>\nQuote: 22.41 – 22.60
\nSpot Rate : 0.1900
\nAverage : 0.1304<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2044-09-18
\nMaturity Price : 21.91
\nEvaluated at bid price : 22.41
\nBid-YTW : 4.02 %<\/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 PerptualDiscounts down 15bp, FixedResets up 10bp and DeemedRetractibles gaining 2bp. Volatility was minimal. Volume was low. HIMIPref™ Preferred IndicesThese values …<\/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-26317","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/26317","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=26317"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/26317\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=26317"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=26317"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=26317"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}