{"id":26703,"date":"2014-10-28T20:33:53","date_gmt":"2014-10-29T01:33:53","guid":{"rendered":"http:\/\/prefblog.com\/?p=26703"},"modified":"2014-10-28T20:33:53","modified_gmt":"2014-10-29T01:33:53","slug":"october-28-2014","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=26703","title":{"rendered":"October 28, 2014"},"content":{"rendered":"

Nothing happened today.<\/p>\n

It was a modestly good day for the Canadian preferred share market, with PerpetualDiscounts and DeemedRetractibles both up 5bp and FixedResets winning 9bp. Volatility was modest. 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>\n3.26 %<\/td>\n3.27 %<\/td>\n19,340<\/td>\n19.07<\/td>\n1<\/td>\n-2.1277 %<\/td>\n2,560.2<\/td>\n<\/tr>\n
FixedFloater<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.3424 %<\/td>\n3,996.4<\/td>\n<\/tr>\n
Floater<\/td>\n2.99 %<\/td>\n3.11 %<\/td>\n64,412<\/td>\n19.45<\/td>\n4<\/td>\n0.3424 %<\/td>\n2,683.5<\/td>\n<\/tr>\n
OpRet<\/td>\n4.03 %<\/td>\n-0.30 %<\/td>\n105,534<\/td>\n0.08<\/td>\n1<\/td>\n0.0000 %<\/td>\n2,743.3<\/td>\n<\/tr>\n
SplitShare<\/td>\n4.29 %<\/td>\n3.92 %<\/td>\n72,329<\/td>\n3.80<\/td>\n5<\/td>\n0.1829 %<\/td>\n3,158.2<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.0000 %<\/td>\n2,508.4<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.47 %<\/td>\n-1.10 %<\/td>\n69,035<\/td>\n0.09<\/td>\n18<\/td>\n0.0765 %<\/td>\n2,463.2<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n5.28 %<\/td>\n5.12 %<\/td>\n98,182<\/td>\n15.17<\/td>\n18<\/td>\n0.0545 %<\/td>\n2,613.1<\/td>\n<\/tr>\n
FixedReset<\/td>\n4.21 %<\/td>\n3.66 %<\/td>\n171,752<\/td>\n8.61<\/td>\n75<\/td>\n0.0949 %<\/td>\n2,561.5<\/td>\n<\/tr>\n
Deemed-Retractible<\/td>\n5.01 %<\/td>\n2.52 %<\/td>\n100,125<\/td>\n0.32<\/td>\n42<\/td>\n0.0514 %<\/td>\n2,573.2<\/td>\n<\/tr>\n
FloatingReset<\/td>\n2.55 %<\/td>\n1.86 %<\/td>\n72,944<\/td>\n3.59<\/td>\n6<\/td>\n-0.0261 %<\/td>\n2,546.3<\/td>\n<\/tr>\n<\/table>\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
BAM.PR.E<\/td>\nRatchet<\/td>\n-2.13 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2044-10-28
\nMaturity Price : 22.85
\nEvaluated at bid price : 23.00
\nBid-YTW : 3.27 %<\/td>\n<\/tr>\n
CIU.PR.C<\/td>\nFixedReset<\/td>\n-1.40 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2044-10-28
\nMaturity Price : 20.46
\nEvaluated at bid price : 20.46
\nBid-YTW : 3.62 %<\/td>\n<\/tr>\n
MFC.PR.C<\/td>\nDeemed-Retractible<\/td>\n-1.28 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 22.35
\nBid-YTW : 5.99 %<\/td>\n<\/tr>\n
BAM.PF.E<\/td>\nFixedReset<\/td>\n1.05 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2044-10-28
\nMaturity Price : 23.14
\nEvaluated at bid price : 25.00
\nBid-YTW : 4.05 %<\/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.W<\/td>\nFixedReset<\/td>\n607,573<\/td>\nRecent new issue<\/a>.
\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2044-10-28
\nMaturity Price : 23.13
\nEvaluated at bid price : 24.96
\nBid-YTW : 3.68 %<\/td>\n<\/tr>\n
CM.PR.E<\/td>\nPerpetual-Premium<\/td>\n408,545<\/td>\nDesjardins crossed 398,200 at 25.12. Nice ticket!
\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2014-11-27
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.13
\nBid-YTW : -1.10 %<\/td>\n<\/tr>\n
BAM.PF.G<\/td>\nFixedReset<\/td>\n101,540<\/td>\nScotia crossed 30,000 at 25.25; RBC crossed 14,200 at the same price.
\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2044-10-28
\nMaturity Price : 23.20
\nEvaluated at bid price : 25.25
\nBid-YTW : 4.24 %<\/td>\n<\/tr>\n
CM.PR.G<\/td>\nPerpetual-Premium<\/td>\n101,355<\/td>\nDesjardins crossed 95,500 at 25.12.
\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2014-11-27
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.17
\nBid-YTW : -3.20 %<\/td>\n<\/tr>\n
MFC.PR.M<\/td>\nFixedReset<\/td>\n78,180<\/td>\nDesjardins crossed 54,500 at 25.28.
\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2019-12-19
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.30
\nBid-YTW : 3.83 %<\/td>\n<\/tr>\n
CM.PR.O<\/td>\nFixedReset<\/td>\n74,446<\/td>\nNesbitt crossed 30,000 at 25.25; RBC crossed 30,000 at the same price.
\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2044-10-28
\nMaturity Price : 23.26
\nEvaluated at bid price : 25.25
\nBid-YTW : 3.66 %<\/td>\n<\/tr>\n
There were 15 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.PR.E<\/td>\nRatchet<\/td>\nQuote: 23.00 – 23.55
\nSpot Rate : 0.5500
\nAverage : 0.3905<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2044-10-28
\nMaturity Price : 22.85
\nEvaluated at bid price : 23.00
\nBid-YTW : 3.27 %<\/td>\n<\/tr>\n

CIU.PR.C<\/td>\nFixedReset<\/td>\nQuote: 20.46 – 20.89
\nSpot Rate : 0.4300
\nAverage : 0.2960<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2044-10-28
\nMaturity Price : 20.46
\nEvaluated at bid price : 20.46
\nBid-YTW : 3.62 %<\/td>\n<\/tr>\n

MFC.PR.C<\/td>\nDeemed-Retractible<\/td>\nQuote: 22.35 – 22.75
\nSpot Rate : 0.4000
\nAverage : 0.2681<\/p>\n

YTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 22.35
\nBid-YTW : 5.99 %<\/td>\n<\/tr>\n

CGI.PR.D<\/td>\nSplitShare<\/td>\nQuote: 25.28 – 25.95
\nSpot Rate : 0.6700
\nAverage : 0.5678<\/p>\n

YTW SCENARIO
\nMaturity Type : Soft Maturity
\nMaturity Date\t: 2023-06-14
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.28
\nBid-YTW : 3.68 %<\/td>\n<\/tr>\n

FTS.PR.M<\/td>\nFixedReset<\/td>\nQuote: 25.34 – 25.59
\nSpot Rate : 0.2500
\nAverage : 0.1642<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2044-10-28
\nMaturity Price : 23.26
\nEvaluated at bid price : 25.34
\nBid-YTW : 3.84 %<\/td>\n<\/tr>\n

BAM.PR.N<\/td>\nPerpetual-Discount<\/td>\nQuote: 21.28 – 21.55
\nSpot Rate : 0.2700
\nAverage : 0.1999<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2044-10-28
\nMaturity Price : 21.28
\nEvaluated at bid price : 21.28
\nBid-YTW : 5.65 %<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Nothing happened today. It was a modestly good day for the Canadian preferred share market, with PerpetualDiscounts and DeemedRetractibles both up 5bp and FixedResets winning 9bp. Volatility was modest. Volume was very low. HIMIPref™ Preferred …<\/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-26703","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/26703","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=26703"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/26703\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=26703"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=26703"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=26703"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}