December 19, 2016

Geez, I’m the only one who uses cash any more:

Finally, this survey documents a pronounced shift in how Americans engage with one of the oldest elements of the modern economy: physical currency. Today nearly one-quarter (24%) of Americans indicate that none of the purchases they make in a typical week involve cash. And an even larger share – 39% – indicates that they don’t really worry about having cash on hand, since there are so many other ways of paying for things these days. Nonwhites, low-income Americans and those 50 and older are especially likely to rely on cash as a payment method.

pi_2016_12_19_online-shopping_0-03
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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 0.3563 % 1,803.3
FixedFloater 0.00 % 0.00 % 0 0.00 0 0.3563 % 3,294.2
Floater 4.19 % 4.24 % 53,673 16.95 4 0.3563 % 1,898.5
OpRet 0.00 % 0.00 % 0 0.00 0 0.0066 % 2,930.7
SplitShare 4.82 % 4.29 % 63,106 1.96 6 0.0066 % 3,499.9
Interest-Bearing 0.00 % 0.00 % 0 0.00 0 0.0066 % 2,730.8
Perpetual-Premium 5.46 % 5.52 % 84,724 14.42 23 0.0735 % 2,650.6
Perpetual-Discount 5.52 % 5.53 % 100,516 14.54 15 -0.0183 % 2,726.3
FixedReset 4.77 % 4.69 % 235,416 6.77 96 -0.2674 % 2,142.4
Deemed-Retractible 5.18 % 4.59 % 142,528 4.54 32 0.1459 % 2,748.8
FloatingReset 2.83 % 3.90 % 45,322 4.80 12 1.3179 % 2,316.6
Performance Highlights
Issue Index Change Notes
IFC.PR.C FixedReset -1.98 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 20.29
Bid-YTW : 6.56 %
IFC.PR.A FixedReset -1.52 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 16.87
Bid-YTW : 8.76 %
PWF.PR.T FixedReset -1.48 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2046-12-19
Maturity Price : 20.00
Evaluated at bid price : 20.00
Bid-YTW : 4.59 %
HSE.PR.A FixedReset -1.46 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2046-12-19
Maturity Price : 12.86
Evaluated at bid price : 12.86
Bid-YTW : 5.43 %
BNS.PR.C FloatingReset -1.45 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2022-01-31
Maturity Price : 25.00
Evaluated at bid price : 23.05
Bid-YTW : 4.04 %
BAM.PR.T FixedReset -1.44 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2046-12-19
Maturity Price : 17.12
Evaluated at bid price : 17.12
Bid-YTW : 5.11 %
CM.PR.P FixedReset -1.39 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2046-12-19
Maturity Price : 19.11
Evaluated at bid price : 19.11
Bid-YTW : 4.61 %
RY.PR.M FixedReset -1.29 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2046-12-19
Maturity Price : 20.72
Evaluated at bid price : 20.72
Bid-YTW : 4.57 %
NA.PR.W FixedReset -1.28 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2046-12-19
Maturity Price : 18.53
Evaluated at bid price : 18.53
Bid-YTW : 4.78 %
CM.PR.O FixedReset -1.16 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2046-12-19
Maturity Price : 19.60
Evaluated at bid price : 19.60
Bid-YTW : 4.60 %
FTS.PR.K FixedReset -1.13 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2046-12-19
Maturity Price : 17.57
Evaluated at bid price : 17.57
Bid-YTW : 4.76 %
CM.PR.Q FixedReset -1.11 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2046-12-19
Maturity Price : 21.32
Evaluated at bid price : 21.32
Bid-YTW : 4.62 %
BAM.PF.D Perpetual-Discount -1.11 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2046-12-19
Maturity Price : 21.41
Evaluated at bid price : 21.41
Bid-YTW : 5.75 %
VNR.PR.A FixedReset -1.01 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2046-12-19
Maturity Price : 19.66
Evaluated at bid price : 19.66
Bid-YTW : 5.18 %
CU.PR.C FixedReset 1.15 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2046-12-19
Maturity Price : 20.18
Evaluated at bid price : 20.18
Bid-YTW : 4.47 %
TRP.PR.C FixedReset 1.20 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2046-12-19
Maturity Price : 13.47
Evaluated at bid price : 13.47
Bid-YTW : 4.91 %
TRP.PR.B FixedReset 1.33 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2046-12-19
Maturity Price : 12.94
Evaluated at bid price : 12.94
Bid-YTW : 4.64 %
TRP.PR.F FloatingReset 1.85 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2046-12-19
Maturity Price : 15.38
Evaluated at bid price : 15.38
Bid-YTW : 3.90 %
IFC.PR.D FloatingReset 24.10 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 19.62
Bid-YTW : 6.59 %
Volume Highlights
Issue Index Shares
Traded		 Notes
FTS.PR.M FixedReset 150,300 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2046-12-19
Maturity Price : 19.64
Evaluated at bid price : 19.64
Bid-YTW : 4.78 %
BAM.PF.I FixedReset 96,888 YTW SCENARIO
Maturity Type : Call
Maturity Date : 2022-03-31
Maturity Price : 25.00
Evaluated at bid price : 25.20
Bid-YTW : 4.74 %
CU.PR.E Perpetual-Discount 78,298 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2046-12-19
Maturity Price : 22.36
Evaluated at bid price : 22.68
Bid-YTW : 5.44 %
PVS.PR.D SplitShare 65,077 YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2021-10-08
Maturity Price : 25.00
Evaluated at bid price : 24.80
Bid-YTW : 4.75 %
SLF.PR.E Deemed-Retractible 64,800 YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 21.20
Bid-YTW : 7.00 %
TD.PF.H FixedReset 54,520 YTW SCENARIO
Maturity Type : Call
Maturity Date : 2021-10-31
Maturity Price : 25.00
Evaluated at bid price : 25.62
Bid-YTW : 4.48 %
There were 87 other index-included issues trading in excess of 10,000 shares.
Wide Spread Highlights
Issue Index Quote Data and Yield Notes
BAM.PR.T FixedReset Quote: 17.12 – 17.44
Spot Rate : 0.3200
Average : 0.1832

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2046-12-19
Maturity Price : 17.12
Evaluated at bid price : 17.12
Bid-YTW : 5.11 %
BNS.PR.Z FixedReset Quote: 20.61 – 20.93
Spot Rate : 0.3200
Average : 0.1857

YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2022-01-31
Maturity Price : 25.00
Evaluated at bid price : 20.61
Bid-YTW : 6.29 %
CM.PR.P FixedReset Quote: 19.11 – 19.45
Spot Rate : 0.3400
Average : 0.2194

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2046-12-19
Maturity Price : 19.11
Evaluated at bid price : 19.11
Bid-YTW : 4.61 %
CM.PR.Q FixedReset Quote: 21.32 – 21.62
Spot Rate : 0.3000
Average : 0.1848

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2046-12-19
Maturity Price : 21.32
Evaluated at bid price : 21.32
Bid-YTW : 4.62 %
BAM.PF.H FixedReset Quote: 25.91 – 26.19
Spot Rate : 0.2800
Average : 0.1743

YTW SCENARIO
Maturity Type : Call
Maturity Date : 2020-12-31
Maturity Price : 25.00
Evaluated at bid price : 25.91
Bid-YTW : 3.99 %
SLF.PR.G FixedReset Quote: 15.10 – 15.46
Spot Rate : 0.3600
Average : 0.2583

YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 15.10
Bid-YTW : 9.57 %

This entry was posted on Monday, December 19th, 2016 at 10:34 pm and is filed under Market Action. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

3 Responses to “December 19, 2016”

  1. Peculiar_Investor says:
    December 20, 2016 at 12:45 am

    Nothing on the TransAlta news that impacts their preferred shares? See http://www.transalta.com/newsroom/news-releases/2016-12-19/transalta-corporation-announces-preferred-share-exchange for details

  2. jiHymas says:
    December 20, 2016 at 3:00 am

    Done!

  3. Peculiar_Investor says:
    December 20, 2016 at 7:28 am

    Thanks and much appreciated.

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