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January 26, 2021

Tuesday, January 26th, 2021

I have some urgent matters to take care of and anticipate that the Wednesday and Thursday Market Action reports will not be published until the weekend.

HIMIPref™ Preferred Indices
These values reflect the December 2008 revision of the HIMIPref™ Indices
Values are provisional and are finalized monthly
Index Mean
Current
Yield
(at bid)		 Median
YTW		 Median
Average
Trading
Value		 Median
Mod Dur
(YTW)		 Issues Day’s Perf. Index Value
Ratchet 0.00 % 0.00 % 0 0.00 0 0.0322 % 2,086.5
FixedFloater 0.00 % 0.00 % 0 0.00 0 0.0322 % 3,828.7
Floater 4.14 % 4.18 % 43,700 17.05 3 0.0322 % 2,206.5
OpRet 0.00 % 0.00 % 0 0.00 0 -0.1049 % 3,632.3
SplitShare 4.70 % 4.34 % 37,736 3.72 8 -0.1049 % 4,337.8
Interest-Bearing 0.00 % 0.00 % 0 0.00 0 -0.1049 % 3,384.5
Perpetual-Premium 5.37 % -5.90 % 69,896 0.09 18 -0.5755 % 3,221.5
Perpetual-Discount 5.00 % 4.96 % 71,423 15.40 13 -0.0316 % 3,697.3
FixedReset Disc 4.86 % 3.77 % 142,522 17.53 56 0.0567 % 2,413.5
Insurance Straight 5.02 % 4.83 % 84,000 15.33 22 0.0878 % 3,580.0
FloatingReset 2.48 % -0.00 % 27,231 0.10 3 0.1222 % 1,937.2
FixedReset Prem 5.13 % 3.11 % 189,747 0.97 20 -0.0608 % 2,703.5
FixedReset Bank Non 1.93 % 1.92 % 168,762 1.00 2 0.0000 % 2,886.0
FixedReset Ins Non 4.85 % 3.70 % 91,172 17.67 22 -0.3284 % 2,514.3
Performance Highlights
Issue Index Change Notes
CU.PR.H Perpetual-Premium -5.35 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-26
Maturity Price : 23.88
Evaluated at bid price : 24.40
Bid-YTW : 5.44 %
RY.PR.N Perpetual-Premium -5.12 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-26
Maturity Price : 24.51
Evaluated at bid price : 25.00
Bid-YTW : 4.88 %
IAF.PR.G FixedReset Ins Non -4.70 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-26
Maturity Price : 21.50
Evaluated at bid price : 21.50
Bid-YTW : 3.88 %
SLF.PR.H FixedReset Ins Non -3.69 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-26
Maturity Price : 18.00
Evaluated at bid price : 18.00
Bid-YTW : 3.64 %
TRP.PR.C FixedReset Disc -1.45 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-26
Maturity Price : 10.91
Evaluated at bid price : 10.91
Bid-YTW : 4.52 %
MFC.PR.M FixedReset Ins Non -1.08 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-26
Maturity Price : 20.17
Evaluated at bid price : 20.17
Bid-YTW : 3.73 %
CU.PR.F Perpetual-Discount -1.05 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-26
Maturity Price : 23.23
Evaluated at bid price : 23.50
Bid-YTW : 4.85 %
MFC.PR.L FixedReset Ins Non -1.04 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-26
Maturity Price : 19.01
Evaluated at bid price : 19.01
Bid-YTW : 3.70 %
RY.PR.S FixedReset Disc -1.03 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-26
Maturity Price : 22.47
Evaluated at bid price : 23.07
Bid-YTW : 3.29 %
IFC.PR.E Insurance Straight 1.06 % YTW SCENARIO
Maturity Type : Call
Maturity Date : 2025-06-30
Maturity Price : 25.25
Evaluated at bid price : 25.65
Bid-YTW : 4.87 %
TRP.PR.E FixedReset Disc 1.14 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-26
Maturity Price : 16.00
Evaluated at bid price : 16.00
Bid-YTW : 4.67 %
BAM.PR.R FixedReset Disc 1.40 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-26
Maturity Price : 15.18
Evaluated at bid price : 15.18
Bid-YTW : 4.53 %
TRP.PR.D FixedReset Disc 1.48 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-26
Maturity Price : 16.45
Evaluated at bid price : 16.45
Bid-YTW : 4.57 %
PWF.PR.P FixedReset Disc 1.84 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-26
Maturity Price : 12.76
Evaluated at bid price : 12.76
Bid-YTW : 3.98 %
TD.PF.K FixedReset Disc 2.04 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-26
Maturity Price : 22.17
Evaluated at bid price : 22.55
Bid-YTW : 3.58 %
Volume Highlights
Issue Index Shares
Traded		 Notes
CU.PR.C FixedReset Disc 175,000 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-26
Maturity Price : 18.56
Evaluated at bid price : 18.56
Bid-YTW : 3.91 %
IFC.PR.A FixedReset Ins Non 170,666 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-26
Maturity Price : 15.35
Evaluated at bid price : 15.35
Bid-YTW : 3.71 %
TRP.PR.E FixedReset Disc 84,188 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-26
Maturity Price : 16.00
Evaluated at bid price : 16.00
Bid-YTW : 4.67 %
RY.PR.P Perpetual-Premium 74,900 YTW SCENARIO
Maturity Type : Call
Maturity Date : 2021-03-26
Maturity Price : 26.00
Evaluated at bid price : 26.50
Bid-YTW : -9.02 %
BMO.PR.T FixedReset Disc 57,444 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-26
Maturity Price : 20.01
Evaluated at bid price : 20.01
Bid-YTW : 3.59 %
TRP.PR.A FixedReset Disc 56,902 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-26
Maturity Price : 13.95
Evaluated at bid price : 13.95
Bid-YTW : 4.68 %
There were 28 other index-included issues trading in excess of 10,000 shares.
Wide Spread Highlights
Issue Index Quote Data and Yield Notes
RY.PR.N Perpetual-Premium Quote: 25.00 – 26.49
Spot Rate : 1.4900
Average : 0.9093

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-26
Maturity Price : 24.51
Evaluated at bid price : 25.00
Bid-YTW : 4.88 %
CU.PR.H Perpetual-Premium Quote: 24.40 – 25.94
Spot Rate : 1.5400
Average : 0.9643

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-26
Maturity Price : 23.88
Evaluated at bid price : 24.40
Bid-YTW : 5.44 %
IAF.PR.G FixedReset Ins Non Quote: 21.50 – 22.67
Spot Rate : 1.1700
Average : 0.8058

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-26
Maturity Price : 21.50
Evaluated at bid price : 21.50
Bid-YTW : 3.88 %
SLF.PR.H FixedReset Ins Non Quote: 18.00 – 18.87
Spot Rate : 0.8700
Average : 0.5288

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-26
Maturity Price : 18.00
Evaluated at bid price : 18.00
Bid-YTW : 3.64 %
NA.PR.S FixedReset Disc Quote: 20.00 – 20.40
Spot Rate : 0.4000
Average : 0.2561

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-26
Maturity Price : 20.00
Evaluated at bid price : 20.00
Bid-YTW : 3.77 %
MFC.PR.L FixedReset Ins Non Quote: 19.01 – 19.45
Spot Rate : 0.4400
Average : 0.3346

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-26
Maturity Price : 19.01
Evaluated at bid price : 19.01
Bid-YTW : 3.70 %

Posted in Market Action | No Comments »

January 25, 2021

Monday, January 25th, 2021
HIMIPref™ Preferred Indices
These values reflect the December 2008 revision of the HIMIPref™ Indices
Values are provisional and are finalized monthly
Index Mean
Current
Yield
(at bid)		 Median
YTW		 Median
Average
Trading
Value		 Median
Mod Dur
(YTW)		 Issues Day’s Perf. Index Value
Ratchet 0.00 % 0.00 % 0 0.00 0 0.6487 % 2,085.9
FixedFloater 0.00 % 0.00 % 0 0.00 0 0.6487 % 3,827.5
Floater 4.15 % 4.18 % 43,642 17.05 3 0.6487 % 2,205.8
OpRet 0.00 % 0.00 % 0 0.00 0 0.1612 % 3,636.2
SplitShare 4.69 % 4.39 % 37,984 4.19 8 0.1612 % 4,342.3
Interest-Bearing 0.00 % 0.00 % 0 0.00 0 0.1612 % 3,388.1
Perpetual-Premium 5.34 % -11.54 % 65,619 0.09 18 0.1369 % 3,240.1
Perpetual-Discount 4.99 % 5.05 % 70,520 15.40 13 -0.0158 % 3,698.4
FixedReset Disc 4.87 % 3.76 % 141,406 17.52 56 0.3092 % 2,412.2
Insurance Straight 5.03 % 4.79 % 82,380 15.37 22 0.1374 % 3,576.8
FloatingReset 2.49 % 0.38 % 27,021 0.10 3 0.0000 % 1,934.8
FixedReset Prem 5.12 % 2.81 % 195,877 0.98 20 0.0525 % 2,705.1
FixedReset Bank Non 1.93 % 1.96 % 169,856 1.00 2 0.0400 % 2,886.0
FixedReset Ins Non 4.83 % 3.68 % 91,445 17.67 22 0.4872 % 2,522.6
Performance Highlights
Issue Index Change Notes
TD.PF.K FixedReset Disc -1.82 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-25
Maturity Price : 21.85
Evaluated at bid price : 22.10
Bid-YTW : 3.66 %
SLF.PR.G FixedReset Ins Non -1.16 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-25
Maturity Price : 12.75
Evaluated at bid price : 12.75
Bid-YTW : 3.62 %
IAF.PR.I FixedReset Ins Non 1.11 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-25
Maturity Price : 22.46
Evaluated at bid price : 22.75
Bid-YTW : 3.68 %
MFC.PR.G FixedReset Ins Non 1.19 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-25
Maturity Price : 22.17
Evaluated at bid price : 22.88
Bid-YTW : 3.63 %
TRP.PR.E FixedReset Disc 1.41 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-25
Maturity Price : 15.82
Evaluated at bid price : 15.82
Bid-YTW : 4.72 %
BAM.PR.K Floater 1.67 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-25
Maturity Price : 10.38
Evaluated at bid price : 10.38
Bid-YTW : 4.16 %
PWF.PR.T FixedReset Disc 2.10 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-25
Maturity Price : 18.95
Evaluated at bid price : 18.95
Bid-YTW : 3.98 %
BIP.PR.A FixedReset Disc 2.37 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-25
Maturity Price : 21.31
Evaluated at bid price : 21.60
Bid-YTW : 4.63 %
BAM.PR.X FixedReset Disc 2.40 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-25
Maturity Price : 13.21
Evaluated at bid price : 13.21
Bid-YTW : 4.31 %
RY.PR.M FixedReset Disc 3.65 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-25
Maturity Price : 21.30
Evaluated at bid price : 21.58
Bid-YTW : 3.49 %
IAF.PR.G FixedReset Ins Non 4.93 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-25
Maturity Price : 21.97
Evaluated at bid price : 22.56
Bid-YTW : 3.64 %
Volume Highlights
Issue Index Shares
Traded		 Notes
TD.PF.H FixedReset Prem 151,794 YTW SCENARIO
Maturity Type : Call
Maturity Date : 2021-10-31
Maturity Price : 25.00
Evaluated at bid price : 25.40
Bid-YTW : 2.64 %
BNS.PR.H FixedReset Prem 126,704 YTW SCENARIO
Maturity Type : Call
Maturity Date : 2022-01-26
Maturity Price : 25.00
Evaluated at bid price : 25.50
Bid-YTW : 2.81 %
CU.PR.C FixedReset Disc 98,100 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-25
Maturity Price : 18.62
Evaluated at bid price : 18.62
Bid-YTW : 3.89 %
RY.PR.M FixedReset Disc 90,309 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-25
Maturity Price : 21.30
Evaluated at bid price : 21.58
Bid-YTW : 3.49 %
BMO.PR.D FixedReset Disc 65,383 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-25
Maturity Price : 23.57
Evaluated at bid price : 24.65
Bid-YTW : 3.68 %
TRP.PR.D FixedReset Disc 63,597 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-25
Maturity Price : 16.21
Evaluated at bid price : 16.21
Bid-YTW : 4.64 %
There were 35 other index-included issues trading in excess of 10,000 shares.
Wide Spread Highlights
Issue Index Quote Data and Yield Notes
TD.PF.K FixedReset Disc Quote: 22.10 – 22.75
Spot Rate : 0.6500
Average : 0.4131

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-25
Maturity Price : 21.85
Evaluated at bid price : 22.10
Bid-YTW : 3.66 %
TD.PF.J FixedReset Disc Quote: 22.91 – 23.50
Spot Rate : 0.5900
Average : 0.3829

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-25
Maturity Price : 22.48
Evaluated at bid price : 22.91
Bid-YTW : 3.57 %
BMO.PR.C FixedReset Disc Quote: 25.04 – 25.38
Spot Rate : 0.3400
Average : 0.1984

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-25
Maturity Price : 23.81
Evaluated at bid price : 25.04
Bid-YTW : 3.76 %
IFC.PR.C FixedReset Ins Non Quote: 20.17 – 21.00
Spot Rate : 0.8300
Average : 0.6971

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-25
Maturity Price : 20.17
Evaluated at bid price : 20.17
Bid-YTW : 3.86 %
IAF.PR.I FixedReset Ins Non Quote: 22.75 – 23.20
Spot Rate : 0.4500
Average : 0.3177

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-25
Maturity Price : 22.46
Evaluated at bid price : 22.75
Bid-YTW : 3.68 %
SLF.PR.E Insurance Straight Quote: 24.09 – 24.50
Spot Rate : 0.4100
Average : 0.2956

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-25
Maturity Price : 23.84
Evaluated at bid price : 24.09
Bid-YTW : 4.70 %

Posted in Market Action | No Comments »

January 21, 2021

Thursday, January 21st, 2021
HIMIPref™ Preferred Indices
These values reflect the December 2008 revision of the HIMIPref™ Indices
Values are provisional and are finalized monthly
Index Mean
Current
Yield
(at bid)		 Median
YTW		 Median
Average
Trading
Value		 Median
Mod Dur
(YTW)		 Issues Day’s Perf. Index Value
Ratchet 0.00 % 0.00 % 0 0.00 0 1.6545 % 2,065.0
FixedFloater 0.00 % 0.00 % 0 0.00 0 1.6545 % 3,789.2
Floater 4.19 % 4.24 % 44,948 16.94 3 1.6545 % 2,183.8
OpRet 0.00 % 0.00 % 0 0.00 0 -0.0341 % 3,634.5
SplitShare 4.70 % 4.29 % 37,404 3.73 8 -0.0341 % 4,340.3
Interest-Bearing 0.00 % 0.00 % 0 0.00 0 -0.0341 % 3,386.5
Perpetual-Premium 5.36 % -5.24 % 66,431 0.09 18 -0.3171 % 3,223.2
Perpetual-Discount 5.01 % 5.04 % 67,960 15.42 13 -0.0570 % 3,690.9
FixedReset Disc 4.88 % 3.75 % 146,101 17.52 56 0.3725 % 2,402.0
Insurance Straight 5.03 % 4.81 % 84,095 15.34 22 0.0147 % 3,571.1
FloatingReset 2.48 % 0.35 % 28,016 0.11 3 -0.0204 % 1,928.5
FixedReset Prem 5.12 % 2.77 % 190,286 0.99 20 0.1668 % 2,706.1
FixedReset Bank Non 1.93 % 1.98 % 176,566 1.01 2 0.0000 % 2,884.9
FixedReset Ins Non 4.86 % 3.71 % 90,698 17.61 22 0.0180 % 2,507.2
Performance Highlights
Issue Index Change Notes
MFC.PR.J FixedReset Ins Non -5.76 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-21
Maturity Price : 20.60
Evaluated at bid price : 20.60
Bid-YTW : 3.96 %
CU.PR.H Perpetual-Premium -5.76 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-21
Maturity Price : 23.88
Evaluated at bid price : 24.40
Bid-YTW : 5.44 %
BAM.PR.X FixedReset Disc -3.69 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-21
Maturity Price : 12.52
Evaluated at bid price : 12.52
Bid-YTW : 4.57 %
CU.PR.F Perpetual-Discount -2.36 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-21
Maturity Price : 22.82
Evaluated at bid price : 23.21
Bid-YTW : 4.90 %
TRP.PR.E FixedReset Disc -1.59 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-21
Maturity Price : 15.50
Evaluated at bid price : 15.50
Bid-YTW : 4.83 %
CM.PR.T FixedReset Disc -1.06 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-21
Maturity Price : 23.41
Evaluated at bid price : 25.20
Bid-YTW : 3.85 %
BAM.PR.B Floater 1.08 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-21
Maturity Price : 10.33
Evaluated at bid price : 10.33
Bid-YTW : 4.18 %
GWO.PR.N FixedReset Ins Non 1.08 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-21
Maturity Price : 12.20
Evaluated at bid price : 12.20
Bid-YTW : 3.58 %
BNS.PR.I FixedReset Disc 1.08 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-21
Maturity Price : 22.66
Evaluated at bid price : 23.39
Bid-YTW : 3.31 %
BAM.PF.E FixedReset Disc 1.09 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-21
Maturity Price : 16.70
Evaluated at bid price : 16.70
Bid-YTW : 4.70 %
BIP.PR.A FixedReset Disc 1.10 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-21
Maturity Price : 21.05
Evaluated at bid price : 21.05
Bid-YTW : 4.78 %
BAM.PR.C Floater 1.19 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-21
Maturity Price : 10.19
Evaluated at bid price : 10.19
Bid-YTW : 4.24 %
BMO.PR.E FixedReset Disc 1.36 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-21
Maturity Price : 22.89
Evaluated at bid price : 23.77
Bid-YTW : 3.51 %
CM.PR.S FixedReset Disc 1.47 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-21
Maturity Price : 21.35
Evaluated at bid price : 21.35
Bid-YTW : 3.59 %
BAM.PF.B FixedReset Disc 1.60 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-21
Maturity Price : 17.83
Evaluated at bid price : 17.83
Bid-YTW : 4.67 %
BIK.PR.A FixedReset Prem 1.71 % YTW SCENARIO
Maturity Type : Call
Maturity Date : 2024-03-31
Maturity Price : 25.00
Evaluated at bid price : 26.14
Bid-YTW : 4.45 %
PWF.PR.T FixedReset Disc 1.94 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-21
Maturity Price : 18.92
Evaluated at bid price : 18.92
Bid-YTW : 4.00 %
TRP.PR.C FixedReset Disc 2.31 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-21
Maturity Price : 11.05
Evaluated at bid price : 11.05
Bid-YTW : 4.48 %
IFC.PR.G FixedReset Ins Non 2.55 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-21
Maturity Price : 20.53
Evaluated at bid price : 20.53
Bid-YTW : 3.95 %
BAM.PR.K Floater 2.72 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-21
Maturity Price : 10.20
Evaluated at bid price : 10.20
Bid-YTW : 4.24 %
CM.PR.O FixedReset Disc 2.72 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-21
Maturity Price : 19.63
Evaluated at bid price : 19.63
Bid-YTW : 3.74 %
IAF.PR.G FixedReset Ins Non 2.84 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-21
Maturity Price : 21.68
Evaluated at bid price : 22.11
Bid-YTW : 3.74 %
Volume Highlights
Issue Index Shares
Traded		 Notes
RY.PR.M FixedReset Disc 461,010 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-21
Maturity Price : 21.39
Evaluated at bid price : 21.39
Bid-YTW : 3.60 %
TD.PF.J FixedReset Disc 242,300 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-21
Maturity Price : 22.82
Evaluated at bid price : 23.12
Bid-YTW : 3.56 %
CM.PR.Q FixedReset Disc 232,100 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-21
Maturity Price : 21.45
Evaluated at bid price : 21.45
Bid-YTW : 3.75 %
BMO.PR.T FixedReset Disc 132,590 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-21
Maturity Price : 19.90
Evaluated at bid price : 19.90
Bid-YTW : 3.62 %
MFC.PR.M FixedReset Ins Non 111,200 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-21
Maturity Price : 20.33
Evaluated at bid price : 20.33
Bid-YTW : 3.71 %
BMO.PR.E FixedReset Disc 100,900 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-21
Maturity Price : 22.89
Evaluated at bid price : 23.77
Bid-YTW : 3.51 %
BNS.PR.Z FixedReset Bank Non 100,235 YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2022-01-31
Maturity Price : 25.00
Evaluated at bid price : 24.99
Bid-YTW : 1.79 %
There were 28 other index-included issues trading in excess of 10,000 shares.
Wide Spread Highlights
Issue Index Quote Data and Yield Notes
MFC.PR.J FixedReset Ins Non Quote: 20.60 – 21.78
Spot Rate : 1.1800
Average : 0.6662

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-21
Maturity Price : 20.60
Evaluated at bid price : 20.60
Bid-YTW : 3.96 %
CU.PR.F Perpetual-Discount Quote: 23.21 – 24.00
Spot Rate : 0.7900
Average : 0.5418

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-21
Maturity Price : 22.82
Evaluated at bid price : 23.21
Bid-YTW : 4.90 %
POW.PR.G Perpetual-Premium Quote: 25.45 – 26.25
Spot Rate : 0.8000
Average : 0.5803

YTW SCENARIO
Maturity Type : Call
Maturity Date : 2021-02-20
Maturity Price : 25.25
Evaluated at bid price : 25.45
Bid-YTW : -2.95 %
CU.PR.H Perpetual-Premium Quote: 24.40 – 25.40
Spot Rate : 1.0000
Average : 0.8329

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-21
Maturity Price : 23.88
Evaluated at bid price : 24.40
Bid-YTW : 5.44 %
BIP.PR.F FixedReset Disc Quote: 24.43 – 24.88
Spot Rate : 0.4500
Average : 0.3005

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-21
Maturity Price : 23.17
Evaluated at bid price : 24.43
Bid-YTW : 5.20 %
SLF.PR.J FloatingReset Quote: 11.95 – 12.50
Spot Rate : 0.5500
Average : 0.4474

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-21
Maturity Price : 11.95
Evaluated at bid price : 11.95
Bid-YTW : 3.09 %

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January 20, 2021

Wednesday, January 20th, 2021

PerpetualDiscounts now yield 5.04%, equivalent to 6.55% interest at the standard equivalency factor of 1.3x. Long corporates now yield 2.85%, so the pre-tax interest-equivalent spread (in this context, the “Seniority Spread”) is unchanged at the 370bp reported December 30.

HIMIPref™ Preferred Indices
These values reflect the December 2008 revision of the HIMIPref™ Indices
Values are provisional and are finalized monthly
Index Mean
Current
Yield
(at bid)		 Median
YTW		 Median
Average
Trading
Value		 Median
Mod Dur
(YTW)		 Issues Day’s Perf. Index Value
Ratchet 0.00 % 0.00 % 0 0.00 0 0.8678 % 2,031.4
FixedFloater 0.00 % 0.00 % 0 0.00 0 0.8678 % 3,727.6
Floater 4.26 % 4.29 % 44,992 16.83 3 0.8678 % 2,148.2
OpRet 0.00 % 0.00 % 0 0.00 0 -0.0293 % 3,635.7
SplitShare 4.70 % 4.29 % 38,938 3.73 8 -0.0293 % 4,341.8
Interest-Bearing 0.00 % 0.00 % 0 0.00 0 -0.0293 % 3,387.7
Perpetual-Premium 5.34 % -4.94 % 66,531 0.09 18 0.0239 % 3,233.4
Perpetual-Discount 5.00 % 5.04 % 69,052 15.40 13 -0.0980 % 3,693.0
FixedReset Disc 4.90 % 3.79 % 141,278 17.48 56 0.2996 % 2,393.1
Insurance Straight 5.03 % 4.81 % 87,422 15.35 22 0.0550 % 3,570.6
FloatingReset 2.48 % 0.34 % 25,937 0.12 3 0.7618 % 1,928.9
FixedReset Prem 5.12 % 2.95 % 191,960 0.99 20 0.0864 % 2,701.6
FixedReset Bank Non 1.93 % 1.97 % 179,290 1.01 2 0.0200 % 2,884.9
FixedReset Ins Non 4.86 % 3.69 % 88,889 17.59 22 0.0495 % 2,506.7
Performance Highlights
Issue Index Change Notes
IFC.PR.G FixedReset Ins Non -2.44 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-20
Maturity Price : 20.02
Evaluated at bid price : 20.02
Bid-YTW : 4.05 %
CM.PR.O FixedReset Disc -1.55 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-20
Maturity Price : 19.11
Evaluated at bid price : 19.11
Bid-YTW : 3.85 %
TRP.PR.B FixedReset Disc 1.03 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-20
Maturity Price : 9.83
Evaluated at bid price : 9.83
Bid-YTW : 4.38 %
BAM.PF.E FixedReset Disc 1.16 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-20
Maturity Price : 16.52
Evaluated at bid price : 16.52
Bid-YTW : 4.76 %
BAM.PR.X FixedReset Disc 1.17 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-20
Maturity Price : 13.00
Evaluated at bid price : 13.00
Bid-YTW : 4.40 %
BAM.PR.C Floater 1.21 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-20
Maturity Price : 10.07
Evaluated at bid price : 10.07
Bid-YTW : 4.29 %
MFC.PR.L FixedReset Ins Non 1.33 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-20
Maturity Price : 19.10
Evaluated at bid price : 19.10
Bid-YTW : 3.69 %
BAM.PR.B Floater 1.39 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-20
Maturity Price : 10.22
Evaluated at bid price : 10.22
Bid-YTW : 4.23 %
NA.PR.G FixedReset Disc 1.51 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-20
Maturity Price : 22.80
Evaluated at bid price : 23.60
Bid-YTW : 3.58 %
TRP.PR.E FixedReset Disc 1.61 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-20
Maturity Price : 15.75
Evaluated at bid price : 15.75
Bid-YTW : 4.75 %
BNS.PR.I FixedReset Disc 1.71 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-20
Maturity Price : 22.52
Evaluated at bid price : 23.14
Bid-YTW : 3.36 %
TRP.PR.D FixedReset Disc 2.23 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-20
Maturity Price : 16.01
Evaluated at bid price : 16.01
Bid-YTW : 4.71 %
SLF.PR.J FloatingReset 2.56 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-20
Maturity Price : 12.00
Evaluated at bid price : 12.00
Bid-YTW : 3.08 %
BIP.PR.A FixedReset Disc 3.07 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-20
Maturity Price : 20.82
Evaluated at bid price : 20.82
Bid-YTW : 4.83 %
PWF.PR.P FixedReset Disc 3.70 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-20
Maturity Price : 12.60
Evaluated at bid price : 12.60
Bid-YTW : 4.04 %
Volume Highlights
Issue Index Shares
Traded		 Notes
PWF.PR.K Perpetual-Discount 166,806 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-20
Maturity Price : 24.19
Evaluated at bid price : 24.45
Bid-YTW : 5.07 %
RY.PR.H FixedReset Disc 102,630 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-20
Maturity Price : 21.34
Evaluated at bid price : 21.34
Bid-YTW : 3.39 %
TD.PF.C FixedReset Disc 91,615 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-20
Maturity Price : 20.95
Evaluated at bid price : 20.95
Bid-YTW : 3.48 %
BMO.PR.T FixedReset Disc 90,900 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-20
Maturity Price : 19.82
Evaluated at bid price : 19.82
Bid-YTW : 3.63 %
TD.PF.B FixedReset Disc 78,090 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-20
Maturity Price : 20.90
Evaluated at bid price : 20.90
Bid-YTW : 3.44 %
TD.PF.A FixedReset Disc 67,350 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-20
Maturity Price : 20.92
Evaluated at bid price : 20.92
Bid-YTW : 3.41 %
There were 31 other index-included issues trading in excess of 10,000 shares.
Wide Spread Highlights
Issue Index Quote Data and Yield Notes
BAM.PR.X FixedReset Disc Quote: 13.00 – 14.75
Spot Rate : 1.7500
Average : 1.1101

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-20
Maturity Price : 13.00
Evaluated at bid price : 13.00
Bid-YTW : 4.40 %
BAM.PF.I FixedReset Prem Quote: 25.50 – 26.50
Spot Rate : 1.0000
Average : 0.5964

YTW SCENARIO
Maturity Type : Call
Maturity Date : 2022-03-31
Maturity Price : 25.00
Evaluated at bid price : 25.50
Bid-YTW : 3.31 %
CU.PR.H Perpetual-Premium Quote: 25.89 – 26.89
Spot Rate : 1.0000
Average : 0.6498

YTW SCENARIO
Maturity Type : Call
Maturity Date : 2024-09-01
Maturity Price : 25.00
Evaluated at bid price : 25.89
Bid-YTW : 4.42 %
BAM.PR.R FixedReset Disc Quote: 14.90 – 15.45
Spot Rate : 0.5500
Average : 0.3040

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-20
Maturity Price : 14.90
Evaluated at bid price : 14.90
Bid-YTW : 4.63 %
IFC.PR.G FixedReset Ins Non Quote: 20.02 – 20.75
Spot Rate : 0.7300
Average : 0.5650

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-20
Maturity Price : 20.02
Evaluated at bid price : 20.02
Bid-YTW : 4.05 %
BAM.PF.G FixedReset Disc Quote: 17.15 – 17.66
Spot Rate : 0.5100
Average : 0.3807

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-20
Maturity Price : 17.15
Evaluated at bid price : 17.15
Bid-YTW : 4.81 %

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January 19, 2021

Tuesday, January 19th, 2021
HIMIPref™ Preferred Indices
These values reflect the December 2008 revision of the HIMIPref™ Indices
Values are provisional and are finalized monthly
Index Mean
Current
Yield
(at bid)		 Median
YTW		 Median
Average
Trading
Value		 Median
Mod Dur
(YTW)		 Issues Day’s Perf. Index Value
Ratchet 0.00 % 0.00 % 0 0.00 0 0.7059 % 2,013.9
FixedFloater 0.00 % 0.00 % 0 0.00 0 0.7059 % 3,695.5
Floater 4.29 % 4.34 % 45,123 16.73 3 0.7059 % 2,129.7
OpRet 0.00 % 0.00 % 0 0.00 0 -0.1971 % 3,636.8
SplitShare 4.69 % 4.28 % 39,417 3.74 8 -0.1971 % 4,343.1
Interest-Bearing 0.00 % 0.00 % 0 0.00 0 -0.1971 % 3,388.6
Perpetual-Premium 5.34 % -5.99 % 66,504 0.09 18 0.0761 % 3,232.7
Perpetual-Discount 5.00 % 5.04 % 69,837 15.42 13 0.1838 % 3,696.7
FixedReset Disc 4.92 % 3.79 % 142,844 17.50 56 0.0467 % 2,385.9
Insurance Straight 5.04 % 4.82 % 86,228 15.34 22 0.1580 % 3,568.7
FloatingReset 2.50 % 0.66 % 27,003 0.12 3 0.1650 % 1,914.3
FixedReset Prem 5.13 % 3.02 % 194,344 0.99 20 -0.0275 % 2,699.2
FixedReset Bank Non 1.93 % 1.97 % 181,562 1.02 2 -0.0200 % 2,884.3
FixedReset Ins Non 4.86 % 3.74 % 89,920 17.57 22 -0.2244 % 2,505.5
Performance Highlights
Issue Index Change Notes
IAF.PR.G FixedReset Ins Non -3.07 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-19
Maturity Price : 21.50
Evaluated at bid price : 21.50
Bid-YTW : 3.88 %
BAM.PR.X FixedReset Disc -2.13 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-19
Maturity Price : 12.85
Evaluated at bid price : 12.85
Bid-YTW : 4.45 %
BAM.PF.E FixedReset Disc -1.86 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-19
Maturity Price : 16.33
Evaluated at bid price : 16.33
Bid-YTW : 4.81 %
PWF.PR.T FixedReset Disc -1.59 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-19
Maturity Price : 18.56
Evaluated at bid price : 18.56
Bid-YTW : 4.08 %
NA.PR.E FixedReset Disc 1.07 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-19
Maturity Price : 21.45
Evaluated at bid price : 21.80
Bid-YTW : 3.62 %
SLF.PR.H FixedReset Ins Non 1.09 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-19
Maturity Price : 18.50
Evaluated at bid price : 18.50
Bid-YTW : 3.55 %
TRP.PR.F FloatingReset 1.11 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-19
Maturity Price : 11.89
Evaluated at bid price : 11.89
Bid-YTW : 4.19 %
PWF.PR.P FixedReset Disc 1.67 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-19
Maturity Price : 12.15
Evaluated at bid price : 12.15
Bid-YTW : 4.19 %
BIP.PR.A FixedReset Disc 1.76 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-19
Maturity Price : 20.20
Evaluated at bid price : 20.20
Bid-YTW : 4.98 %
BAM.PR.B Floater 1.82 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-19
Maturity Price : 10.08
Evaluated at bid price : 10.08
Bid-YTW : 4.29 %
Volume Highlights
Issue Index Shares
Traded		 Notes
MFC.PR.O FixedReset Ins Non 122,750 YTW SCENARIO
Maturity Type : Call
Maturity Date : 2021-06-19
Maturity Price : 25.00
Evaluated at bid price : 25.42
Bid-YTW : 2.71 %
TD.PF.I FixedReset Disc 82,695 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-19
Maturity Price : 23.70
Evaluated at bid price : 24.05
Bid-YTW : 3.65 %
MFC.PR.F FixedReset Ins Non 61,000 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-19
Maturity Price : 12.87
Evaluated at bid price : 12.87
Bid-YTW : 3.62 %
TD.PF.H FixedReset Prem 56,898 YTW SCENARIO
Maturity Type : Call
Maturity Date : 2021-10-31
Maturity Price : 25.00
Evaluated at bid price : 25.37
Bid-YTW : 2.74 %
RS.PR.A SplitShare 43,110 YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-12-31
Maturity Price : 10.00
Evaluated at bid price : 10.25
Bid-YTW : 4.77 %
PWF.PR.Z Perpetual-Premium 25,770 YTW SCENARIO
Maturity Type : Call
Maturity Date : 2025-07-31
Maturity Price : 25.25
Evaluated at bid price : 25.30
Bid-YTW : 5.04 %
There were 18 other index-included issues trading in excess of 10,000 shares.
Wide Spread Highlights
Issue Index Quote Data and Yield Notes
RS.PR.A SplitShare Quote: 10.25 – 11.69
Spot Rate : 1.4400
Average : 0.8007

YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-12-31
Maturity Price : 10.00
Evaluated at bid price : 10.25
Bid-YTW : 4.77 %
MFC.PR.N FixedReset Ins Non Quote: 20.10 – 21.10
Spot Rate : 1.0000
Average : 0.6384

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-19
Maturity Price : 20.10
Evaluated at bid price : 20.10
Bid-YTW : 3.67 %
TRP.PR.E FixedReset Disc Quote: 15.50 – 16.33
Spot Rate : 0.8300
Average : 0.5128

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-19
Maturity Price : 15.50
Evaluated at bid price : 15.50
Bid-YTW : 4.83 %
POW.PR.G Perpetual-Premium Quote: 25.50 – 26.25
Spot Rate : 0.7500
Average : 0.4373

YTW SCENARIO
Maturity Type : Call
Maturity Date : 2021-02-18
Maturity Price : 25.25
Evaluated at bid price : 25.50
Bid-YTW : -5.65 %
TRP.PR.F FloatingReset Quote: 11.89 – 12.87
Spot Rate : 0.9800
Average : 0.7020

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-19
Maturity Price : 11.89
Evaluated at bid price : 11.89
Bid-YTW : 4.19 %
BAM.PR.Z FixedReset Disc Quote: 19.10 – 19.67
Spot Rate : 0.5700
Average : 0.3346

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-19
Maturity Price : 19.10
Evaluated at bid price : 19.10
Bid-YTW : 4.66 %

Posted in Market Action | No Comments »

January 18, 2021

Monday, January 18th, 2021
HIMIPref™ Preferred Indices
These values reflect the December 2008 revision of the HIMIPref™ Indices
Values are provisional and are finalized monthly
Index Mean
Current
Yield
(at bid)		 Median
YTW		 Median
Average
Trading
Value		 Median
Mod Dur
(YTW)		 Issues Day’s Perf. Index Value
Ratchet 0.00 % 0.00 % 0 0.00 0 0.3711 % 1,999.8
FixedFloater 0.00 % 0.00 % 0 0.00 0 0.3711 % 3,669.6
Floater 4.32 % 4.36 % 45,007 16.69 3 0.3711 % 2,114.8
OpRet 0.00 % 0.00 % 0 0.00 0 0.2855 % 3,644.0
SplitShare 4.68 % 4.22 % 38,667 3.74 8 0.2855 % 4,351.7
Interest-Bearing 0.00 % 0.00 % 0 0.00 0 0.2855 % 3,395.3
Perpetual-Premium 5.35 % -6.14 % 65,501 0.08 18 -0.0456 % 3,230.2
Perpetual-Discount 5.01 % 5.05 % 69,810 15.40 13 -0.1266 % 3,689.9
FixedReset Disc 4.92 % 3.78 % 140,167 17.55 56 0.6188 % 2,384.8
Insurance Straight 5.05 % 4.83 % 86,435 15.37 22 0.1067 % 3,563.0
FloatingReset 2.50 % 0.65 % 28,011 0.12 3 0.7480 % 1,911.1
FixedReset Prem 5.13 % 3.01 % 196,757 1.00 20 0.1987 % 2,700.0
FixedReset Bank Non 1.93 % 1.92 % 181,877 1.02 2 0.0200 % 2,884.9
FixedReset Ins Non 4.85 % 3.72 % 89,819 17.61 22 0.7211 % 2,511.1
Performance Highlights
Issue Index Change Notes
PWF.PR.P FixedReset Disc -2.05 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-18
Maturity Price : 11.95
Evaluated at bid price : 11.95
Bid-YTW : 4.26 %
TRP.PR.B FixedReset Disc -1.72 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-18
Maturity Price : 9.73
Evaluated at bid price : 9.73
Bid-YTW : 4.42 %
CU.PR.F Perpetual-Discount -1.46 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-18
Maturity Price : 23.39
Evaluated at bid price : 23.65
Bid-YTW : 4.81 %
SLF.PR.H FixedReset Ins Non -1.19 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-18
Maturity Price : 18.30
Evaluated at bid price : 18.30
Bid-YTW : 3.59 %
IFC.PR.G FixedReset Ins Non 1.03 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-18
Maturity Price : 20.51
Evaluated at bid price : 20.51
Bid-YTW : 3.95 %
BAM.PF.A FixedReset Disc 1.07 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-18
Maturity Price : 19.86
Evaluated at bid price : 19.86
Bid-YTW : 4.55 %
SLF.PR.I FixedReset Ins Non 1.09 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-18
Maturity Price : 21.38
Evaluated at bid price : 21.38
Bid-YTW : 3.75 %
CM.PR.Y FixedReset Prem 1.10 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-18
Maturity Price : 23.55
Evaluated at bid price : 25.78
Bid-YTW : 3.99 %
IFC.PR.A FixedReset Ins Non 1.13 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-18
Maturity Price : 15.27
Evaluated at bid price : 15.27
Bid-YTW : 3.74 %
BMO.PR.E FixedReset Disc 1.18 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-18
Maturity Price : 22.60
Evaluated at bid price : 23.24
Bid-YTW : 3.61 %
MFC.PR.L FixedReset Ins Non 1.29 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-18
Maturity Price : 18.89
Evaluated at bid price : 18.89
Bid-YTW : 3.73 %
BAM.PF.G FixedReset Disc 1.34 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-18
Maturity Price : 17.38
Evaluated at bid price : 17.38
Bid-YTW : 4.74 %
CM.PR.S FixedReset Disc 1.40 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-18
Maturity Price : 20.94
Evaluated at bid price : 20.94
Bid-YTW : 3.66 %
CU.PR.C FixedReset Disc 1.42 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-18
Maturity Price : 18.58
Evaluated at bid price : 18.58
Bid-YTW : 3.91 %
TRP.PR.C FixedReset Disc 1.50 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-18
Maturity Price : 10.86
Evaluated at bid price : 10.86
Bid-YTW : 4.55 %
BIP.PR.A FixedReset Disc 1.53 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-18
Maturity Price : 19.85
Evaluated at bid price : 19.85
Bid-YTW : 5.07 %
IFC.PR.C FixedReset Ins Non 1.59 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-18
Maturity Price : 20.42
Evaluated at bid price : 20.42
Bid-YTW : 3.82 %
BAM.PR.T FixedReset Disc 1.88 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-18
Maturity Price : 15.15
Evaluated at bid price : 15.15
Bid-YTW : 4.64 %
MFC.PR.K FixedReset Ins Non 1.92 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-18
Maturity Price : 19.68
Evaluated at bid price : 19.68
Bid-YTW : 3.70 %
TD.PF.J FixedReset Disc 1.93 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-18
Maturity Price : 22.89
Evaluated at bid price : 23.19
Bid-YTW : 3.54 %
PWF.PR.T FixedReset Disc 1.95 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-18
Maturity Price : 18.86
Evaluated at bid price : 18.86
Bid-YTW : 4.01 %
MFC.PR.F FixedReset Ins Non 2.21 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-18
Maturity Price : 12.94
Evaluated at bid price : 12.94
Bid-YTW : 3.60 %
IAF.PR.G FixedReset Ins Non 2.26 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-18
Maturity Price : 21.72
Evaluated at bid price : 22.18
Bid-YTW : 3.73 %
CM.PR.O FixedReset Disc 2.47 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-18
Maturity Price : 19.48
Evaluated at bid price : 19.48
Bid-YTW : 3.77 %
TD.PF.D FixedReset Disc 2.59 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-18
Maturity Price : 22.06
Evaluated at bid price : 22.60
Bid-YTW : 3.52 %
SLF.PR.J FloatingReset 3.07 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-18
Maturity Price : 11.75
Evaluated at bid price : 11.75
Bid-YTW : 3.15 %
SLF.PR.G FixedReset Ins Non 4.05 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-18
Maturity Price : 12.85
Evaluated at bid price : 12.85
Bid-YTW : 3.60 %
Volume Highlights
Issue Index Shares
Traded		 Notes
GWO.PR.Q Insurance Straight 76,000 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-18
Maturity Price : 24.78
Evaluated at bid price : 25.05
Bid-YTW : 5.17 %
RY.PR.Z FixedReset Disc 54,400 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-18
Maturity Price : 20.94
Evaluated at bid price : 20.94
Bid-YTW : 3.40 %
BAM.PF.A FixedReset Disc 53,078 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-18
Maturity Price : 19.86
Evaluated at bid price : 19.86
Bid-YTW : 4.55 %
PWF.PR.H Perpetual-Premium 53,068 YTW SCENARIO
Maturity Type : Call
Maturity Date : 2021-02-17
Maturity Price : 25.00
Evaluated at bid price : 25.35
Bid-YTW : -13.39 %
SLF.PR.C Insurance Straight 51,900 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-18
Maturity Price : 23.70
Evaluated at bid price : 24.01
Bid-YTW : 4.66 %
BMO.PR.D FixedReset Disc 34,400 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-18
Maturity Price : 24.02
Evaluated at bid price : 24.37
Bid-YTW : 3.78 %
There were 9 other index-included issues trading in excess of 10,000 shares.
Wide Spread Highlights
Issue Index Quote Data and Yield Notes
BAM.PR.B Floater Quote: 9.90 – 11.05
Spot Rate : 1.1500
Average : 0.9352

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-18
Maturity Price : 9.90
Evaluated at bid price : 9.90
Bid-YTW : 4.36 %
CU.PR.F Perpetual-Discount Quote: 23.65 – 24.00
Spot Rate : 0.3500
Average : 0.2456

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-18
Maturity Price : 23.39
Evaluated at bid price : 23.65
Bid-YTW : 4.81 %
PWF.PR.P FixedReset Disc Quote: 11.95 – 12.45
Spot Rate : 0.5000
Average : 0.3967

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-18
Maturity Price : 11.95
Evaluated at bid price : 11.95
Bid-YTW : 4.26 %
PWF.PR.Z Perpetual-Premium Quote: 25.36 – 25.73
Spot Rate : 0.3700
Average : 0.2806

YTW SCENARIO
Maturity Type : Call
Maturity Date : 2025-07-31
Maturity Price : 25.25
Evaluated at bid price : 25.36
Bid-YTW : 4.98 %
BAM.PR.X FixedReset Disc Quote: 13.13 – 13.44
Spot Rate : 0.3100
Average : 0.2423

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-18
Maturity Price : 13.13
Evaluated at bid price : 13.13
Bid-YTW : 4.35 %
PWF.PR.S Perpetual-Discount Quote: 24.18 – 24.40
Spot Rate : 0.2200
Average : 0.1582

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-18
Maturity Price : 23.73
Evaluated at bid price : 24.18
Bid-YTW : 4.96 %

Posted in Market Action | No Comments »

January 15, 2021

Saturday, January 16th, 2021
HIMIPref™ Preferred Indices
These values reflect the December 2008 revision of the HIMIPref™ Indices
Values are provisional and are finalized monthly
Index Mean
Current
Yield
(at bid)		 Median
YTW		 Median
Average
Trading
Value		 Median
Mod Dur
(YTW)		 Issues Day’s Perf. Index Value
Ratchet 0.00 % 0.00 % 0 0.00 0 0.5769 % 1,992.4
FixedFloater 0.00 % 0.00 % 0 0.00 0 0.5769 % 3,656.0
Floater 4.34 % 4.37 % 46,403 16.69 3 0.5769 % 2,107.0
OpRet 0.00 % 0.00 % 0 0.00 0 0.0391 % 3,633.6
SplitShare 4.70 % 4.27 % 39,191 3.75 8 0.0391 % 4,339.3
Interest-Bearing 0.00 % 0.00 % 0 0.00 0 0.0391 % 3,385.7
Perpetual-Premium 5.35 % -9.50 % 68,182 0.09 18 -0.0738 % 3,231.7
Perpetual-Discount 5.00 % 5.05 % 70,360 15.41 13 -0.0696 % 3,694.6
FixedReset Disc 4.96 % 3.88 % 131,305 17.40 57 -0.0910 % 2,370.2
Insurance Straight 5.05 % 4.84 % 84,787 15.36 22 -0.0110 % 3,559.2
FloatingReset 2.52 % 0.61 % 29,162 0.13 3 0.1040 % 1,897.0
FixedReset Prem 5.14 % 3.13 % 206,810 1.00 20 0.0768 % 2,694.6
FixedReset Bank Non 1.93 % 1.95 % 189,354 1.03 2 -0.0400 % 2,884.3
FixedReset Ins Non 4.89 % 3.75 % 91,579 17.54 22 1.1085 % 2,493.1
Performance Highlights
Issue Index Change Notes
TD.PF.D FixedReset Disc -2.31 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-15
Maturity Price : 21.68
Evaluated at bid price : 22.03
Bid-YTW : 3.64 %
CM.PR.O FixedReset Disc -2.21 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-15
Maturity Price : 19.01
Evaluated at bid price : 19.01
Bid-YTW : 3.88 %
BAM.PR.T FixedReset Disc -1.91 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-15
Maturity Price : 14.87
Evaluated at bid price : 14.87
Bid-YTW : 4.74 %
PWF.PR.T FixedReset Disc -1.33 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-15
Maturity Price : 18.50
Evaluated at bid price : 18.50
Bid-YTW : 4.10 %
BAM.PF.F FixedReset Disc -1.19 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-15
Maturity Price : 18.22
Evaluated at bid price : 18.22
Bid-YTW : 4.77 %
CM.PR.Y FixedReset Prem 1.11 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-15
Maturity Price : 23.46
Evaluated at bid price : 25.50
Bid-YTW : 4.06 %
GWO.PR.N FixedReset Ins Non 1.27 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-15
Maturity Price : 12.00
Evaluated at bid price : 12.00
Bid-YTW : 3.65 %
BMO.PR.Y FixedReset Disc 1.29 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-15
Maturity Price : 21.27
Evaluated at bid price : 21.27
Bid-YTW : 3.72 %
TRP.PR.F FloatingReset 1.29 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-15
Maturity Price : 11.75
Evaluated at bid price : 11.75
Bid-YTW : 4.24 %
NA.PR.S FixedReset Disc 1.31 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-15
Maturity Price : 20.06
Evaluated at bid price : 20.06
Bid-YTW : 3.78 %
MFC.PR.Q FixedReset Ins Non 1.41 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-15
Maturity Price : 21.34
Evaluated at bid price : 21.65
Bid-YTW : 3.70 %
PWF.PR.P FixedReset Disc 1.67 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-15
Maturity Price : 12.20
Evaluated at bid price : 12.20
Bid-YTW : 4.19 %
MFC.PR.I FixedReset Ins Non 2.53 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-15
Maturity Price : 22.31
Evaluated at bid price : 22.66
Bid-YTW : 3.74 %
IFC.PR.C FixedReset Ins Non 24.46 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-15
Maturity Price : 20.10
Evaluated at bid price : 20.10
Bid-YTW : 3.89 %
Volume Highlights
Issue Index Shares
Traded		 Notes
SLF.PR.H FixedReset Ins Non 226,277 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-15
Maturity Price : 18.52
Evaluated at bid price : 18.52
Bid-YTW : 3.56 %
NA.PR.C FixedReset Disc 190,196 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-15
Maturity Price : 23.49
Evaluated at bid price : 24.65
Bid-YTW : 3.89 %
RY.PR.N Perpetual-Premium 125,416 YTW SCENARIO
Maturity Type : Call
Maturity Date : 2021-02-14
Maturity Price : 26.00
Evaluated at bid price : 26.76
Bid-YTW : -21.07 %
CM.PR.R FixedReset Disc 58,352 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-15
Maturity Price : 23.93
Evaluated at bid price : 24.30
Bid-YTW : 3.97 %
SLF.PR.B Insurance Straight 56,663 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-15
Maturity Price : 24.57
Evaluated at bid price : 24.83
Bid-YTW : 4.86 %
TD.PF.M FixedReset Prem 38,059 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-15
Maturity Price : 23.51
Evaluated at bid price : 25.65
Bid-YTW : 3.95 %
There were 39 other index-included issues trading in excess of 10,000 shares.
Wide Spread Highlights
Issue Index Quote Data and Yield Notes
BAM.PR.B Floater Quote: 9.90 – 11.05
Spot Rate : 1.1500
Average : 0.6998

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-15
Maturity Price : 9.90
Evaluated at bid price : 9.90
Bid-YTW : 4.36 %
PWF.PR.F Perpetual-Premium Quote: 25.00 – 25.99
Spot Rate : 0.9900
Average : 0.5736

YTW SCENARIO
Maturity Type : Call
Maturity Date : 2021-02-14
Maturity Price : 25.00
Evaluated at bid price : 25.00
Bid-YTW : 2.29 %
CM.PR.T FixedReset Disc Quote: 25.02 – 25.63
Spot Rate : 0.6100
Average : 0.3622

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-15
Maturity Price : 23.34
Evaluated at bid price : 25.02
Bid-YTW : 3.89 %
TD.PF.D FixedReset Disc Quote: 22.03 – 22.65
Spot Rate : 0.6200
Average : 0.4214

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-15
Maturity Price : 21.68
Evaluated at bid price : 22.03
Bid-YTW : 3.64 %
TRP.PR.D FixedReset Disc Quote: 15.56 – 16.30
Spot Rate : 0.7400
Average : 0.5480

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-15
Maturity Price : 15.56
Evaluated at bid price : 15.56
Bid-YTW : 4.86 %
BAM.PR.T FixedReset Disc Quote: 14.87 – 15.49
Spot Rate : 0.6200
Average : 0.4316

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-15
Maturity Price : 14.87
Evaluated at bid price : 14.87
Bid-YTW : 4.74 %

Posted in Market Action | No Comments »

January 14, 2021

Thursday, January 14th, 2021
HIMIPref™ Preferred Indices
These values reflect the December 2008 revision of the HIMIPref™ Indices
Values are provisional and are finalized monthly
Index Mean
Current
Yield
(at bid)		 Median
YTW		 Median
Average
Trading
Value		 Median
Mod Dur
(YTW)		 Issues Day’s Perf. Index Value
Ratchet 0.00 % 0.00 % 0 0.00 0 -0.7075 % 1,981.0
FixedFloater 0.00 % 0.00 % 0 0.00 0 -0.7075 % 3,635.1
Floater 4.36 % 4.40 % 48,188 16.63 3 -0.7075 % 2,094.9
OpRet 0.00 % 0.00 % 0 0.00 0 -0.0683 % 3,632.2
SplitShare 4.70 % 4.38 % 40,592 3.75 8 -0.0683 % 4,337.6
Interest-Bearing 0.00 % 0.00 % 0 0.00 0 -0.0683 % 3,384.4
Perpetual-Premium 5.34 % -8.23 % 66,029 0.09 18 0.1043 % 3,234.1
Perpetual-Discount 5.00 % 5.04 % 68,460 15.41 13 0.0601 % 3,697.1
FixedReset Disc 4.95 % 3.83 % 130,874 17.44 57 0.2146 % 2,372.3
Insurance Straight 5.05 % 4.84 % 83,657 15.33 22 0.1049 % 3,559.6
FloatingReset 2.52 % 0.60 % 28,008 0.13 3 -0.5379 % 1,895.0
FixedReset Prem 5.14 % 3.12 % 209,174 1.01 20 0.1380 % 2,692.6
FixedReset Bank Non 1.93 % 1.91 % 188,654 1.03 2 0.0600 % 2,885.5
FixedReset Ins Non 4.94 % 3.78 % 90,008 17.46 22 -0.7508 % 2,465.8
Performance Highlights
Issue Index Change Notes
IFC.PR.C FixedReset Ins Non -20.25 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-14
Maturity Price : 16.15
Evaluated at bid price : 16.15
Bid-YTW : 4.85 %
MFC.PR.I FixedReset Ins Non -1.78 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-14
Maturity Price : 21.67
Evaluated at bid price : 22.10
Bid-YTW : 3.83 %
TD.PF.J FixedReset Disc -1.52 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-14
Maturity Price : 22.30
Evaluated at bid price : 22.65
Bid-YTW : 3.63 %
TRP.PR.F FloatingReset -1.44 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-14
Maturity Price : 11.60
Evaluated at bid price : 11.60
Bid-YTW : 4.30 %
IFC.PR.A FixedReset Ins Non -1.30 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-14
Maturity Price : 15.20
Evaluated at bid price : 15.20
Bid-YTW : 3.77 %
IFC.PR.G FixedReset Ins Non -1.22 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-14
Maturity Price : 20.30
Evaluated at bid price : 20.30
Bid-YTW : 4.00 %
BAM.PR.B Floater -1.21 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-14
Maturity Price : 9.82
Evaluated at bid price : 9.82
Bid-YTW : 4.40 %
BAM.PF.E FixedReset Disc -1.20 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-14
Maturity Price : 16.50
Evaluated at bid price : 16.50
Bid-YTW : 4.77 %
IAF.PR.G FixedReset Ins Non -1.15 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-14
Maturity Price : 21.50
Evaluated at bid price : 21.50
Bid-YTW : 3.89 %
BAM.PR.X FixedReset Disc 1.01 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-14
Maturity Price : 12.99
Evaluated at bid price : 12.99
Bid-YTW : 4.41 %
SLF.PR.H FixedReset Ins Non 1.08 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-14
Maturity Price : 18.70
Evaluated at bid price : 18.70
Bid-YTW : 3.52 %
IAF.PR.I FixedReset Ins Non 1.33 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-14
Maturity Price : 21.69
Evaluated at bid price : 22.14
Bid-YTW : 3.79 %
PWF.PR.T FixedReset Disc 1.35 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-14
Maturity Price : 18.75
Evaluated at bid price : 18.75
Bid-YTW : 4.04 %
MFC.PR.K FixedReset Ins Non 1.53 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-14
Maturity Price : 19.29
Evaluated at bid price : 19.29
Bid-YTW : 3.78 %
MFC.PR.F FixedReset Ins Non 1.61 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-14
Maturity Price : 12.66
Evaluated at bid price : 12.66
Bid-YTW : 3.69 %
MFC.PR.L FixedReset Ins Non 1.90 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-14
Maturity Price : 18.74
Evaluated at bid price : 18.74
Bid-YTW : 3.77 %
CM.PR.O FixedReset Disc 2.26 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-14
Maturity Price : 19.44
Evaluated at bid price : 19.44
Bid-YTW : 3.79 %
MFC.PR.G FixedReset Ins Non 3.16 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-14
Maturity Price : 22.15
Evaluated at bid price : 22.85
Bid-YTW : 3.65 %
TRP.PR.B FixedReset Disc 7.03 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-14
Maturity Price : 9.90
Evaluated at bid price : 9.90
Bid-YTW : 4.36 %
Volume Highlights
Issue Index Shares
Traded		 Notes
TD.PF.H FixedReset Prem 126,160 YTW SCENARIO
Maturity Type : Call
Maturity Date : 2021-10-31
Maturity Price : 25.00
Evaluated at bid price : 25.41
Bid-YTW : 2.49 %
TD.PF.G FixedReset Prem 119,765 YTW SCENARIO
Maturity Type : Call
Maturity Date : 2021-04-30
Maturity Price : 25.00
Evaluated at bid price : 25.16
Bid-YTW : 2.35 %
BMO.PR.B FixedReset Prem 64,351 YTW SCENARIO
Maturity Type : Call
Maturity Date : 2022-02-25
Maturity Price : 25.00
Evaluated at bid price : 25.70
Bid-YTW : 2.91 %
TRP.PR.K FixedReset Disc 58,581 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-14
Maturity Price : 23.77
Evaluated at bid price : 25.00
Bid-YTW : 4.89 %
TRP.PR.B FixedReset Disc 52,000 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-14
Maturity Price : 9.90
Evaluated at bid price : 9.90
Bid-YTW : 4.36 %
SLF.PR.H FixedReset Ins Non 46,636 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-14
Maturity Price : 18.70
Evaluated at bid price : 18.70
Bid-YTW : 3.52 %
There were 27 other index-included issues trading in excess of 10,000 shares.
Wide Spread Highlights
Issue Index Quote Data and Yield Notes
MFC.PR.M FixedReset Ins Non Quote: 19.95 – 23.80
Spot Rate : 3.8500
Average : 2.1096

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-14
Maturity Price : 19.95
Evaluated at bid price : 19.95
Bid-YTW : 3.79 %
IFC.PR.C FixedReset Ins Non Quote: 16.15 – 20.23
Spot Rate : 4.0800
Average : 2.5453

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-14
Maturity Price : 16.15
Evaluated at bid price : 16.15
Bid-YTW : 4.85 %
RY.PR.M FixedReset Disc Quote: 21.35 – 25.50
Spot Rate : 4.1500
Average : 2.7491

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-14
Maturity Price : 21.35
Evaluated at bid price : 21.35
Bid-YTW : 3.61 %
BIP.PR.A FixedReset Disc Quote: 19.55 – 20.90
Spot Rate : 1.3500
Average : 0.8151

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-14
Maturity Price : 19.55
Evaluated at bid price : 19.55
Bid-YTW : 5.15 %
IAF.PR.G FixedReset Ins Non Quote: 21.50 – 22.64
Spot Rate : 1.1400
Average : 0.7101

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-14
Maturity Price : 21.50
Evaluated at bid price : 21.50
Bid-YTW : 3.89 %
MFC.PR.L FixedReset Ins Non Quote: 18.74 – 19.70
Spot Rate : 0.9600
Average : 0.6629

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-14
Maturity Price : 18.74
Evaluated at bid price : 18.74
Bid-YTW : 3.77 %

Posted in Market Action | No Comments »

January 13, 2021

Thursday, January 14th, 2021
HIMIPref™ Preferred Indices
These values reflect the December 2008 revision of the HIMIPref™ Indices
Values are provisional and are finalized monthly
Index Mean
Current
Yield
(at bid)		 Median
YTW		 Median
Average
Trading
Value		 Median
Mod Dur
(YTW)		 Issues Day’s Perf. Index Value
Ratchet 0.00 % 0.00 % 0 0.00 0 0.9181 % 1,995.1
FixedFloater 0.00 % 0.00 % 0 0.00 0 0.9181 % 3,661.0
Floater 4.33 % 4.37 % 49,633 16.70 3 0.9181 % 2,109.8
OpRet 0.00 % 0.00 % 0 0.00 0 0.0781 % 3,634.6
SplitShare 4.70 % 4.43 % 40,899 4.23 8 0.0781 % 4,340.5
Interest-Bearing 0.00 % 0.00 % 0 0.00 0 0.0781 % 3,386.7
Perpetual-Premium 5.35 % -3.75 % 66,668 0.09 18 -0.0500 % 3,230.7
Perpetual-Discount 5.00 % 5.04 % 66,868 15.39 13 0.0032 % 3,694.9
FixedReset Disc 4.96 % 3.88 % 131,962 17.41 57 0.0461 % 2,367.2
Insurance Straight 5.06 % 4.85 % 84,235 15.34 22 -0.0681 % 3,555.9
FloatingReset 2.51 % 0.88 % 28,271 0.14 3 0.5617 % 1,905.2
FixedReset Prem 5.15 % 3.11 % 211,019 1.01 20 -0.0690 % 2,688.8
FixedReset Bank Non 1.94 % 1.94 % 191,618 1.03 2 0.0601 % 2,883.7
FixedReset Ins Non 4.90 % 3.77 % 85,808 17.57 22 -0.4246 % 2,484.5
Performance Highlights
Issue Index Change Notes
IAF.PR.I FixedReset Ins Non -2.46 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-13
Maturity Price : 21.49
Evaluated at bid price : 21.85
Bid-YTW : 3.85 %
SLF.PR.H FixedReset Ins Non -1.86 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-13
Maturity Price : 18.50
Evaluated at bid price : 18.50
Bid-YTW : 3.56 %
CM.PR.O FixedReset Disc -1.81 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-13
Maturity Price : 19.01
Evaluated at bid price : 19.01
Bid-YTW : 3.88 %
IFC.PR.C FixedReset Ins Non -1.70 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-13
Maturity Price : 20.25
Evaluated at bid price : 20.25
Bid-YTW : 3.86 %
MFC.PR.F FixedReset Ins Non -1.58 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-13
Maturity Price : 12.46
Evaluated at bid price : 12.46
Bid-YTW : 3.75 %
PWF.PR.T FixedReset Disc -1.33 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-13
Maturity Price : 18.50
Evaluated at bid price : 18.50
Bid-YTW : 4.10 %
IAF.PR.G FixedReset Ins Non -1.32 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-13
Maturity Price : 21.42
Evaluated at bid price : 21.75
Bid-YTW : 3.82 %
PWF.PR.P FixedReset Disc -1.23 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-13
Maturity Price : 12.00
Evaluated at bid price : 12.00
Bid-YTW : 4.26 %
MFC.PR.Q FixedReset Ins Non -1.15 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-13
Maturity Price : 21.50
Evaluated at bid price : 21.50
Bid-YTW : 3.75 %
BAM.PF.B FixedReset Disc -1.12 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-13
Maturity Price : 17.60
Evaluated at bid price : 17.60
Bid-YTW : 4.74 %
RY.PR.N Perpetual-Premium -1.09 % YTW SCENARIO
Maturity Type : Call
Maturity Date : 2021-02-12
Maturity Price : 26.00
Evaluated at bid price : 26.35
Bid-YTW : -3.75 %
BAM.PR.X FixedReset Disc -1.08 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-13
Maturity Price : 12.86
Evaluated at bid price : 12.86
Bid-YTW : 4.46 %
MFC.PR.K FixedReset Ins Non -1.04 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-13
Maturity Price : 19.00
Evaluated at bid price : 19.00
Bid-YTW : 3.84 %
PVS.PR.I SplitShare 1.02 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-10-31
Maturity Price : 25.00
Evaluated at bid price : 25.67
Bid-YTW : 4.43 %
NA.PR.E FixedReset Disc 1.04 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-13
Maturity Price : 21.30
Evaluated at bid price : 21.30
Bid-YTW : 3.75 %
BAM.PF.E FixedReset Disc 1.21 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-13
Maturity Price : 16.70
Evaluated at bid price : 16.70
Bid-YTW : 4.71 %
SLF.PR.J FloatingReset 1.75 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-13
Maturity Price : 11.60
Evaluated at bid price : 11.60
Bid-YTW : 3.18 %
BIP.PR.A FixedReset Disc 1.84 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-13
Maturity Price : 19.40
Evaluated at bid price : 19.40
Bid-YTW : 5.19 %
BAM.PR.K Floater 3.68 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-13
Maturity Price : 9.85
Evaluated at bid price : 9.85
Bid-YTW : 4.38 %
Volume Highlights
Issue Index Shares
Traded		 Notes
TD.PF.G FixedReset Prem 153,055 YTW SCENARIO
Maturity Type : Call
Maturity Date : 2021-04-30
Maturity Price : 25.00
Evaluated at bid price : 25.16
Bid-YTW : 2.33 %
MFC.PR.Q FixedReset Ins Non 124,300 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-13
Maturity Price : 21.50
Evaluated at bid price : 21.50
Bid-YTW : 3.75 %
BNS.PR.H FixedReset Prem 75,680 YTW SCENARIO
Maturity Type : Call
Maturity Date : 2022-01-26
Maturity Price : 25.00
Evaluated at bid price : 25.38
Bid-YTW : 3.19 %
RY.PR.J FixedReset Disc 64,814 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-13
Maturity Price : 21.91
Evaluated at bid price : 22.35
Bid-YTW : 3.57 %
BIP.PR.A FixedReset Disc 41,957 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-13
Maturity Price : 19.40
Evaluated at bid price : 19.40
Bid-YTW : 5.19 %
CM.PR.T FixedReset Disc 40,885 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-13
Maturity Price : 23.32
Evaluated at bid price : 24.95
Bid-YTW : 3.91 %
There were 13 other index-included issues trading in excess of 10,000 shares.
Wide Spread Highlights
Issue Index Quote Data and Yield Notes
NA.PR.E FixedReset Disc Quote: 21.30 – 22.98
Spot Rate : 1.6800
Average : 1.0798

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-13
Maturity Price : 21.30
Evaluated at bid price : 21.30
Bid-YTW : 3.75 %
TRP.PR.F FloatingReset Quote: 11.77 – 12.87
Spot Rate : 1.1000
Average : 0.6558

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-13
Maturity Price : 11.77
Evaluated at bid price : 11.77
Bid-YTW : 4.23 %
RY.PR.N Perpetual-Premium Quote: 26.35 – 26.94
Spot Rate : 0.5900
Average : 0.3830

YTW SCENARIO
Maturity Type : Call
Maturity Date : 2021-02-12
Maturity Price : 26.00
Evaluated at bid price : 26.35
Bid-YTW : -3.75 %
TRP.PR.C FixedReset Disc Quote: 10.65 – 11.15
Spot Rate : 0.5000
Average : 0.3178

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-13
Maturity Price : 10.65
Evaluated at bid price : 10.65
Bid-YTW : 4.66 %
NA.PR.W FixedReset Disc Quote: 19.40 – 19.95
Spot Rate : 0.5500
Average : 0.3897

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-13
Maturity Price : 19.40
Evaluated at bid price : 19.40
Bid-YTW : 3.76 %
SLF.PR.C Insurance Straight Quote: 23.68 – 24.25
Spot Rate : 0.5700
Average : 0.4229

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-13
Maturity Price : 23.39
Evaluated at bid price : 23.68
Bid-YTW : 4.72 %

Posted in Market Action | No Comments »

January 12, 2021

Wednesday, January 13th, 2021
HIMIPref™ Preferred Indices
These values reflect the December 2008 revision of the HIMIPref™ Indices
Values are provisional and are finalized monthly
Index Mean
Current
Yield
(at bid)		 Median
YTW		 Median
Average
Trading
Value		 Median
Mod Dur
(YTW)		 Issues Day’s Perf. Index Value
Ratchet 0.00 % 0.00 % 0 0.00 0 3.2292 % 1,977.0
FixedFloater 0.00 % 0.00 % 0 0.00 0 3.2292 % 3,627.7
Floater 4.37 % 4.37 % 49,392 16.70 3 3.2292 % 2,090.6
OpRet 0.00 % 0.00 % 0 0.00 0 0.1320 % 3,631.8
SplitShare 4.70 % 4.36 % 39,598 3.75 8 0.1320 % 4,337.2
Interest-Bearing 0.00 % 0.00 % 0 0.00 0 0.1320 % 3,384.0
Perpetual-Premium 5.34 % -3.49 % 66,563 0.09 18 0.1523 % 3,232.3
Perpetual-Discount 5.00 % 4.99 % 66,687 15.41 13 0.0190 % 3,694.8
FixedReset Disc 4.96 % 3.83 % 131,642 17.43 57 0.2274 % 2,366.2
Insurance Straight 5.05 % 4.83 % 84,466 15.37 22 -0.2129 % 3,558.3
FloatingReset 2.52 % 0.86 % 29,433 0.14 3 0.4388 % 1,894.6
FixedReset Prem 5.14 % 3.13 % 200,272 1.01 20 -0.0158 % 2,690.7
FixedReset Bank Non 1.94 % 1.83 % 137,809 1.04 2 0.0000 % 2,882.0
FixedReset Ins Non 4.88 % 3.77 % 85,935 17.58 22 1.2672 % 2,495.1
Performance Highlights
Issue Index Change Notes
CU.PR.C FixedReset Disc -2.05 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-12
Maturity Price : 18.17
Evaluated at bid price : 18.17
Bid-YTW : 4.01 %
MFC.PR.J FixedReset Ins Non -1.60 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-12
Maturity Price : 21.50
Evaluated at bid price : 21.50
Bid-YTW : 3.79 %
SLF.PR.C Insurance Straight -1.45 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-12
Maturity Price : 23.58
Evaluated at bid price : 23.85
Bid-YTW : 4.68 %
BMO.PR.T FixedReset Disc -1.06 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-12
Maturity Price : 19.51
Evaluated at bid price : 19.51
Bid-YTW : 3.70 %
CM.PR.P FixedReset Disc 1.02 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-12
Maturity Price : 19.90
Evaluated at bid price : 19.90
Bid-YTW : 3.70 %
BAM.PF.D Perpetual-Discount 1.03 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-12
Maturity Price : 23.94
Evaluated at bid price : 24.50
Bid-YTW : 5.01 %
IAF.PR.I FixedReset Ins Non 1.13 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-12
Maturity Price : 22.13
Evaluated at bid price : 22.40
Bid-YTW : 3.76 %
RY.PR.N Perpetual-Premium 1.14 % YTW SCENARIO
Maturity Type : Call
Maturity Date : 2021-02-11
Maturity Price : 26.00
Evaluated at bid price : 26.64
Bid-YTW : -16.54 %
RS.PR.A SplitShare 1.18 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-12-31
Maturity Price : 10.00
Evaluated at bid price : 10.31
Bid-YTW : 4.61 %
BAM.PR.T FixedReset Disc 1.27 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-12
Maturity Price : 15.13
Evaluated at bid price : 15.13
Bid-YTW : 4.65 %
BAM.PF.B FixedReset Disc 1.31 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-12
Maturity Price : 17.80
Evaluated at bid price : 17.80
Bid-YTW : 4.68 %
MFC.PR.I FixedReset Ins Non 1.40 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-12
Maturity Price : 22.17
Evaluated at bid price : 22.50
Bid-YTW : 3.77 %
TRP.PR.D FixedReset Disc 1.51 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-12
Maturity Price : 15.48
Evaluated at bid price : 15.48
Bid-YTW : 4.88 %
MFC.PR.K FixedReset Ins Non 1.53 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-12
Maturity Price : 19.20
Evaluated at bid price : 19.20
Bid-YTW : 3.80 %
BAM.PR.X FixedReset Disc 1.56 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-12
Maturity Price : 13.00
Evaluated at bid price : 13.00
Bid-YTW : 4.41 %
MFC.PR.F FixedReset Ins Non 1.69 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-12
Maturity Price : 12.66
Evaluated at bid price : 12.66
Bid-YTW : 3.69 %
BAM.PF.A FixedReset Disc 1.71 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-12
Maturity Price : 19.63
Evaluated at bid price : 19.63
Bid-YTW : 4.61 %
NA.PR.G FixedReset Disc 1.75 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-12
Maturity Price : 22.61
Evaluated at bid price : 23.25
Bid-YTW : 3.65 %
SLF.PR.H FixedReset Ins Non 1.89 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-12
Maturity Price : 18.85
Evaluated at bid price : 18.85
Bid-YTW : 3.49 %
BAM.PR.K Floater 1.93 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-12
Maturity Price : 9.50
Evaluated at bid price : 9.50
Bid-YTW : 4.55 %
PWF.PR.P FixedReset Disc 2.02 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-12
Maturity Price : 12.15
Evaluated at bid price : 12.15
Bid-YTW : 4.21 %
BAM.PR.C Floater 3.45 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-12
Maturity Price : 9.89
Evaluated at bid price : 9.89
Bid-YTW : 4.37 %
BAM.PR.B Floater 4.27 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-12
Maturity Price : 10.02
Evaluated at bid price : 10.02
Bid-YTW : 4.31 %
IFC.PR.C FixedReset Ins Non 27.55 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-12
Maturity Price : 20.60
Evaluated at bid price : 20.60
Bid-YTW : 3.80 %
Volume Highlights
Issue Index Shares
Traded		 Notes
TD.PF.A FixedReset Disc 92,285 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-12
Maturity Price : 20.85
Evaluated at bid price : 20.85
Bid-YTW : 3.43 %
TD.PF.I FixedReset Disc 86,850 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-12
Maturity Price : 23.65
Evaluated at bid price : 24.00
Bid-YTW : 3.66 %
RY.PR.H FixedReset Disc 74,819 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-12
Maturity Price : 21.35
Evaluated at bid price : 21.35
Bid-YTW : 3.40 %
RY.PR.S FixedReset Disc 55,924 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-12
Maturity Price : 22.27
Evaluated at bid price : 22.75
Bid-YTW : 3.43 %
TRP.PR.K FixedReset Disc 37,925 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-12
Maturity Price : 23.78
Evaluated at bid price : 25.01
Bid-YTW : 4.89 %
RY.PR.J FixedReset Disc 19,412 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-12
Maturity Price : 21.84
Evaluated at bid price : 22.25
Bid-YTW : 3.59 %
There were 12 other index-included issues trading in excess of 10,000 shares.
Wide Spread Highlights
Issue Index Quote Data and Yield Notes
RY.PR.M FixedReset Disc Quote: 21.30 – 25.50
Spot Rate : 4.2000
Average : 2.3238

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-12
Maturity Price : 21.30
Evaluated at bid price : 21.30
Bid-YTW : 3.62 %
BAM.PR.B Floater Quote: 10.02 – 11.05
Spot Rate : 1.0300
Average : 0.5685

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-12
Maturity Price : 10.02
Evaluated at bid price : 10.02
Bid-YTW : 4.31 %
GWO.PR.N FixedReset Ins Non Quote: 12.00 – 13.00
Spot Rate : 1.0000
Average : 0.6564

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-12
Maturity Price : 12.00
Evaluated at bid price : 12.00
Bid-YTW : 3.65 %
TRP.PR.D FixedReset Disc Quote: 15.48 – 16.30
Spot Rate : 0.8200
Average : 0.4869

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-12
Maturity Price : 15.48
Evaluated at bid price : 15.48
Bid-YTW : 4.88 %
CU.PR.I FixedReset Prem Quote: 25.78 – 26.30
Spot Rate : 0.5200
Average : 0.3454

YTW SCENARIO
Maturity Type : Call
Maturity Date : 2025-12-01
Maturity Price : 25.00
Evaluated at bid price : 25.78
Bid-YTW : 3.93 %
BAM.PR.K Floater Quote: 9.50 – 10.19
Spot Rate : 0.6900
Average : 0.5376

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-01-12
Maturity Price : 9.50
Evaluated at bid price : 9.50
Bid-YTW : 4.55 %

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