This is cool … a way for retail to earn stock loan income from Interactive Brokers:
Earn extra income on the fully-paid shares of stock held in your account by joining IBKR’s Stock Yield Enhancement Program. This plan allows IBKR to borrow shares from you in exchange for cash collateral, and then lend the shares to traders who want to sell them short and are willing to pay interest to borrow them. Each day that your stock is on loan, you will be paid interest on the cash collateral posted to your account for the loan based on market rates.
IBKR pays you 50% of the income it earns from lending the shares.
The program is available to eligible IBKR clients who have been approved for a margin account, or who have a cash account with equity greater than 50,000 USD.
| HIMIPref™ Preferred Indices These values reflect the December 2008 revision of the HIMIPref™ Indices Values are provisional and are finalized monthly |
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| 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 | -0.2877 % | 1,969.3 |
| FixedFloater | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.2877 % | 3,613.5 |
| Floater | 6.14 % | 6.31 % | 43,907 | 13.36 | 4 | -0.2877 % | 2,082.5 |
| OpRet | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.0394 % | 3,422.2 |
| SplitShare | 4.65 % | 4.43 % | 47,282 | 3.88 | 7 | 0.0394 % | 4,086.8 |
| Interest-Bearing | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.0394 % | 3,188.7 |
| Perpetual-Premium | 5.54 % | -17.74 % | 49,791 | 0.09 | 10 | -0.0156 % | 3,046.2 |
| Perpetual-Discount | 5.29 % | 5.39 % | 69,308 | 14.80 | 25 | -0.0017 % | 3,263.5 |
| FixedReset Disc | 5.59 % | 5.67 % | 182,075 | 14.34 | 66 | -0.5200 % | 2,102.4 |
| Deemed-Retractible | 5.16 % | 5.29 % | 67,943 | 14.77 | 27 | -0.1221 % | 3,208.8 |
| FloatingReset | 6.29 % | 6.65 % | 112,735 | 12.90 | 2 | 0.2068 % | 2,443.0 |
| FixedReset Prem | 5.11 % | 3.65 % | 159,997 | 1.58 | 20 | -0.0915 % | 2,625.2 |
| FixedReset Bank Non | 1.96 % | 4.15 % | 69,057 | 2.11 | 3 | -0.2338 % | 2,696.0 |
| FixedReset Ins Non | 5.44 % | 5.63 % | 120,419 | 14.39 | 22 | -0.4011 % | 2,148.0 |
| Performance Highlights | |||
| Issue | Index | Change | Notes |
| HSE.PR.G | FixedReset Disc | -2.23 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-11-26 Maturity Price : 17.51 Evaluated at bid price : 17.51 Bid-YTW : 7.31 % |
| PWF.PR.P | FixedReset Disc | -2.18 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-11-26 Maturity Price : 12.57 Evaluated at bid price : 12.57 Bid-YTW : 6.15 % |
| BAM.PR.R | FixedReset Disc | -2.13 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-11-26 Maturity Price : 15.15 Evaluated at bid price : 15.15 Bid-YTW : 6.27 % |
| BAM.PR.T | FixedReset Disc | -2.00 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-11-26 Maturity Price : 15.20 Evaluated at bid price : 15.20 Bid-YTW : 6.30 % |
| BMO.PR.C | FixedReset Disc | -1.93 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-11-26 Maturity Price : 21.50 Evaluated at bid price : 21.87 Bid-YTW : 5.49 % |
| MFC.PR.M | FixedReset Ins Non | -1.85 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-11-26 Maturity Price : 17.00 Evaluated at bid price : 17.00 Bid-YTW : 5.71 % |
| BMO.PR.Y | FixedReset Disc | -1.79 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-11-26 Maturity Price : 18.65 Evaluated at bid price : 18.65 Bid-YTW : 5.68 % |
| SLF.PR.J | FloatingReset | -1.70 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-11-26 Maturity Price : 12.78 Evaluated at bid price : 12.78 Bid-YTW : 6.02 % |
| NA.PR.E | FixedReset Disc | -1.67 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-11-26 Maturity Price : 18.26 Evaluated at bid price : 18.26 Bid-YTW : 5.80 % |
| BMO.PR.D | FixedReset Disc | -1.65 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-11-26 Maturity Price : 20.88 Evaluated at bid price : 20.88 Bid-YTW : 5.59 % |
| MFC.PR.N | FixedReset Ins Non | -1.61 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-11-26 Maturity Price : 16.52 Evaluated at bid price : 16.52 Bid-YTW : 5.78 % |
| SLF.PR.G | FixedReset Ins Non | -1.57 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-11-26 Maturity Price : 12.91 Evaluated at bid price : 12.91 Bid-YTW : 5.63 % |
| NA.PR.S | FixedReset Disc | -1.44 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-11-26 Maturity Price : 17.10 Evaluated at bid price : 17.10 Bid-YTW : 5.81 % |
| MFC.PR.F | FixedReset Ins Non | -1.43 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-11-26 Maturity Price : 12.42 Evaluated at bid price : 12.42 Bid-YTW : 5.76 % |
| TRP.PR.B | FixedReset Disc | -1.30 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-11-26 Maturity Price : 11.37 Evaluated at bid price : 11.37 Bid-YTW : 6.20 % |
| BAM.PF.A | FixedReset Disc | -1.30 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-11-26 Maturity Price : 19.75 Evaluated at bid price : 19.75 Bid-YTW : 5.89 % |
| NA.PR.W | FixedReset Disc | -1.18 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-11-26 Maturity Price : 15.86 Evaluated at bid price : 15.86 Bid-YTW : 5.98 % |
| SLF.PR.I | FixedReset Ins Non | -1.08 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-11-26 Maturity Price : 18.23 Evaluated at bid price : 18.23 Bid-YTW : 5.75 % |
| HSE.PR.E | FixedReset Disc | -1.06 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-11-26 Maturity Price : 17.75 Evaluated at bid price : 17.75 Bid-YTW : 7.29 % |
| GWO.PR.T | Deemed-Retractible | -1.06 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-11-26 Maturity Price : 23.88 Evaluated at bid price : 24.29 Bid-YTW : 5.37 % |
| MFC.PR.Q | FixedReset Ins Non | 1.02 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-11-26 Maturity Price : 18.82 Evaluated at bid price : 18.82 Bid-YTW : 5.58 % |
| MFC.PR.J | FixedReset Ins Non | 1.24 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-11-26 Maturity Price : 18.73 Evaluated at bid price : 18.73 Bid-YTW : 5.67 % |
| TRP.PR.F | FloatingReset | 2.08 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-11-26 Maturity Price : 13.75 Evaluated at bid price : 13.75 Bid-YTW : 6.65 % |
| Volume Highlights | |||
| Issue | Index | Shares Traded |
Notes |
| CM.PR.R | FixedReset Disc | 267,541 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-11-26 Maturity Price : 21.40 Evaluated at bid price : 21.40 Bid-YTW : 5.68 % |
| MFC.PR.O | FixedReset Ins Non | 107,900 | YTW SCENARIO Maturity Type : Call Maturity Date : 2021-06-19 Maturity Price : 25.00 Evaluated at bid price : 25.75 Bid-YTW : 3.41 % |
| TD.PF.C | FixedReset Disc | 91,300 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-11-26 Maturity Price : 16.97 Evaluated at bid price : 16.97 Bid-YTW : 5.60 % |
| GWO.PR.G | Deemed-Retractible | 60,750 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-11-26 Maturity Price : 24.28 Evaluated at bid price : 24.58 Bid-YTW : 5.36 % |
| W.PR.M | FixedReset Prem | 54,090 | YTW SCENARIO Maturity Type : Call Maturity Date : 2021-10-15 Maturity Price : 25.00 Evaluated at bid price : 25.86 Bid-YTW : 3.65 % |
| TD.PF.K | FixedReset Disc | 50,500 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-11-26 Maturity Price : 19.31 Evaluated at bid price : 19.31 Bid-YTW : 5.57 % |
| There were 48 other index-included issues trading in excess of 10,000 shares. | |||
| Wide Spread Highlights | ||
| Issue | Index | Quote Data and Yield Notes |
| CU.PR.H | Perpetual-Discount | Quote: 24.56 – 24.95 Spot Rate : 0.3900 Average : 0.2463 YTW SCENARIO |
| SLF.PR.J | FloatingReset | Quote: 12.78 – 13.20 Spot Rate : 0.4200 Average : 0.2794 YTW SCENARIO |
| PWF.PR.P | FixedReset Disc | Quote: 12.57 – 12.99 Spot Rate : 0.4200 Average : 0.2817 YTW SCENARIO |
| W.PR.M | FixedReset Prem | Quote: 25.86 – 26.24 Spot Rate : 0.3800 Average : 0.2465 YTW SCENARIO |
| HSE.PR.G | FixedReset Disc | Quote: 17.51 – 17.90 Spot Rate : 0.3900 Average : 0.2583 YTW SCENARIO |
| SLF.PR.I | FixedReset Ins Non | Quote: 18.23 – 18.53 Spot Rate : 0.3000 Average : 0.1804 YTW SCENARIO |
Why is Interactive Broker offering attractive interest on idle cash and now on lending fee for stocks held in your account?