January 30, 2017

Here’s a video about using drones as part of lifeguarding. I understand that the St. Bernard Mountain Dog Union is very concerned about the potential of lost employment due to technology and has made a large donation to Mr. Trump.

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 3.95 % 4.69 % 18,661 18.27 1 0.0000 % 1,975.9
FixedFloater 0.00 % 0.00 % 0 0.00 0 0.9736 % 3,649.3
Floater 3.80 % 3.90 % 47,739 17.62 4 0.9736 % 2,103.1
OpRet 0.00 % 0.00 % 0 0.00 0 0.1247 % 2,961.6
SplitShare 4.79 % 4.38 % 65,653 4.18 6 0.1247 % 3,536.8
Interest-Bearing 0.00 % 0.00 % 0 0.00 0 0.1247 % 2,759.5
Perpetual-Premium 5.58 % -6.40 % 72,018 0.09 12 -0.0033 % 2,711.0
Perpetual-Discount 5.22 % 5.27 % 88,717 14.89 26 0.0879 % 2,859.1
FixedReset 4.51 % 4.23 % 223,509 6.74 97 0.1907 % 2,281.8
Deemed-Retractible 5.10 % 5.17 % 134,511 3.70 32 0.1540 % 2,803.5
FloatingReset 2.42 % 3.15 % 45,449 4.72 11 -0.0306 % 2,448.0
Performance Highlights
Issue Index Change Notes
TRP.PR.H FloatingReset -2.04 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2047-01-30
Maturity Price : 12.97
Evaluated at bid price : 12.97
Bid-YTW : 3.34 %
TRP.PR.G FixedReset -1.58 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2047-01-30
Maturity Price : 22.36
Evaluated at bid price : 23.01
Bid-YTW : 4.40 %
TRP.PR.F FloatingReset -1.58 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2047-01-30
Maturity Price : 16.85
Evaluated at bid price : 16.85
Bid-YTW : 3.53 %
TD.PF.F Perpetual-Discount 1.01 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2047-01-30
Maturity Price : 24.59
Evaluated at bid price : 25.00
Bid-YTW : 4.91 %
BMO.PR.Q FixedReset 1.25 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2022-01-31
Maturity Price : 25.00
Evaluated at bid price : 21.15
Bid-YTW : 5.38 %
FTS.PR.K FixedReset 1.34 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2047-01-30
Maturity Price : 19.62
Evaluated at bid price : 19.62
Bid-YTW : 4.24 %
BAM.PR.K Floater 1.76 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2047-01-30
Maturity Price : 12.12
Evaluated at bid price : 12.12
Bid-YTW : 3.93 %
Volume Highlights
Issue Index Shares
Traded
Notes
BIP.PR.D FixedReset 325,007 YTW SCENARIO
Maturity Type : Call
Maturity Date : 2022-03-31
Maturity Price : 25.00
Evaluated at bid price : 25.19
Bid-YTW : 4.87 %
TD.PF.H FixedReset 187,057 YTW SCENARIO
Maturity Type : Call
Maturity Date : 2021-10-31
Maturity Price : 25.00
Evaluated at bid price : 25.87
Bid-YTW : 4.09 %
FTS.PR.H FixedReset 151,900 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2047-01-30
Maturity Price : 15.15
Evaluated at bid price : 15.15
Bid-YTW : 4.30 %
TRP.PR.K FixedReset 140,024 YTW SCENARIO
Maturity Type : Call
Maturity Date : 2022-05-31
Maturity Price : 25.00
Evaluated at bid price : 25.48
Bid-YTW : 4.44 %
RY.PR.H FixedReset 110,080 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2047-01-30
Maturity Price : 21.12
Evaluated at bid price : 21.12
Bid-YTW : 4.10 %
TD.PF.B FixedReset 99,929 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2047-01-30
Maturity Price : 20.93
Evaluated at bid price : 20.93
Bid-YTW : 4.14 %
There were 58 other index-included issues trading in excess of 10,000 shares.
Wide Spread Highlights
Issue Index Quote Data and Yield Notes
MFC.PR.O FixedReset Quote: 26.77 – 27.15
Spot Rate : 0.3800
Average : 0.2588

YTW SCENARIO
Maturity Type : Call
Maturity Date : 2021-06-19
Maturity Price : 25.00
Evaluated at bid price : 26.77
Bid-YTW : 4.02 %

BAM.PF.H FixedReset Quote: 26.40 – 26.70
Spot Rate : 0.3000
Average : 0.2022

YTW SCENARIO
Maturity Type : Call
Maturity Date : 2020-12-31
Maturity Price : 25.00
Evaluated at bid price : 26.40
Bid-YTW : 3.59 %

POW.PR.B Perpetual-Discount Quote: 24.95 – 25.22
Spot Rate : 0.2700
Average : 0.1839

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2047-01-30
Maturity Price : 24.68
Evaluated at bid price : 24.95
Bid-YTW : 5.40 %

BAM.PR.Z FixedReset Quote: 22.20 – 22.46
Spot Rate : 0.2600
Average : 0.1792

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2047-01-30
Maturity Price : 21.75
Evaluated at bid price : 22.20
Bid-YTW : 4.66 %

CU.PR.G Perpetual-Discount Quote: 22.01 – 22.25
Spot Rate : 0.2400
Average : 0.1680

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2047-01-30
Maturity Price : 21.72
Evaluated at bid price : 22.01
Bid-YTW : 5.18 %

W.PR.J Perpetual-Premium Quote: 25.20 – 25.43
Spot Rate : 0.2300
Average : 0.1585

YTW SCENARIO
Maturity Type : Call
Maturity Date : 2017-03-01
Maturity Price : 25.00
Evaluated at bid price : 25.20
Bid-YTW : -1.33 %

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