{"id":33862,"date":"2016-11-09T00:01:05","date_gmt":"2016-11-09T05:01:05","guid":{"rendered":"http:\/\/prefblog.com\/?p=33862"},"modified":"2016-11-09T00:01:05","modified_gmt":"2016-11-09T05:01:05","slug":"november-8-2016","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=33862","title":{"rendered":"November 8, 2016"},"content":{"rendered":"<p><a href=\"http:\/\/www.nytimes.com\/elections\/results\/president?action=click&#038;pgtype=Homepage&#038;clickSource=story-heading&#038;module=span-abc-region&#038;region=span-abc-region&#038;WT.nav=span-abc-region\">Sweet Baby Jesus<\/a>:<\/p>\n<div align=\"center\"><a href=\"http:\/\/prefblog.com\/wp-content\/uploads\/2016\/11\/TrumpWins.jpg\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/prefblog.com\/wp-content\/uploads\/2016\/11\/TrumpWins-300x72.jpg\" alt=\"TrumpWins\" width=\"400\" height=\"96\" class=\"alignnone size-medium wp-image-33863\" \/><\/a><br \/><i>Click for Big<\/i><br \/>Just before midnight on election day<\/div>\n<p>The <a href=\"http:\/\/www.bloomberg.com\/news\/articles\/2016-11-08\/stocks-higher-with-mexican-peso-as-vote-count-nears-yen-weakens\">markets could be interesting tomorrow<\/a>:<\/p>\n<blockquote><p>Panicked investors rushed to unwind bets they\u2019d piled on amid predictions Clinton would sweep to victory. Futures on the S&#038;P 500 Index plunged more than 4 percent and Mexico\u2019s peso &#8212; which tends to weaken as Trump\u2019s prospects improve &#8212; sank by the most in two decades. U.S. Treasuries, the yen and gold all soared by the most since Britain\u2019s surprise vote to leave the European Union sent shockwaves through markets in late June.<\/p><\/blockquote>\n<table border='1'>\n<tr>\n<td colspan='8'><strong>HIMIPref&trade; Preferred Indices<br \/>These values reflect the December 2008 revision of the HIMIPref&trade; Indices<\/strong><br \/>Values are provisional and are finalized monthly<\/td>\n<\/tr>\n<tr>\n<td>Index<\/td>\n<td>Mean<br \/>Current<br \/>Yield<br \/>(at bid)<\/td>\n<td>Median<br \/>YTW<\/td>\n<td>Median<br \/>Average<br \/>Trading<br \/>Value<\/td>\n<td>Median<br \/>Mod Dur<br \/>(YTW)<\/td>\n<td>Issues<\/td>\n<td>Day&#8217;s Perf.<\/td>\n<td>Index Value<\/td>\n<\/tr>\n<tr>\n<td>Ratchet<\/td>\n<td>0.00 %<\/td>\n<td>0.00 %<\/td>\n<td>0<\/td>\n<td>0.00<\/td>\n<td>0<\/td>\n<td>-0.2308 %<\/td>\n<td>1,714.3<\/td>\n<\/tr>\n<tr>\n<td>FixedFloater<\/td>\n<td>0.00 %<\/td>\n<td>0.00 %<\/td>\n<td>0<\/td>\n<td>0.00<\/td>\n<td>0<\/td>\n<td>-0.2308 %<\/td>\n<td>3,131.6<\/td>\n<\/tr>\n<tr>\n<td>Floater<\/td>\n<td>4.37 %<\/td>\n<td>4.51 %<\/td>\n<td>43,346<\/td>\n<td>16.36<\/td>\n<td>4<\/td>\n<td>-0.2308 %<\/td>\n<td>1,804.8<\/td>\n<\/tr>\n<tr>\n<td>OpRet<\/td>\n<td>0.00 %<\/td>\n<td>0.00 %<\/td>\n<td>0<\/td>\n<td>0.00<\/td>\n<td>0<\/td>\n<td>0.0330 %<\/td>\n<td>2,904.4<\/td>\n<\/tr>\n<tr>\n<td>SplitShare<\/td>\n<td>4.82 %<\/td>\n<td>4.52 %<\/td>\n<td>45,725<\/td>\n<td>2.04<\/td>\n<td>6<\/td>\n<td>0.0330 %<\/td>\n<td>3,468.4<\/td>\n<\/tr>\n<tr>\n<td>Interest-Bearing<\/td>\n<td>0.00 %<\/td>\n<td>0.00 %<\/td>\n<td>0<\/td>\n<td>0.00<\/td>\n<td>0<\/td>\n<td>0.0330 %<\/td>\n<td>2,706.2<\/td>\n<\/tr>\n<tr>\n<td>Perpetual-Premium<\/td>\n<td>5.36 %<\/td>\n<td>4.76 %<\/td>\n<td>73,751<\/td>\n<td>2.00<\/td>\n<td>23<\/td>\n<td>-0.0412 %<\/td>\n<td>2,699.0<\/td>\n<\/tr>\n<tr>\n<td>Perpetual-Discount<\/td>\n<td>5.14 %<\/td>\n<td>5.14 %<\/td>\n<td>87,446<\/td>\n<td>15.26<\/td>\n<td>15<\/td>\n<td>-0.1303 %<\/td>\n<td>2,908.3<\/td>\n<\/tr>\n<tr>\n<td>FixedReset<\/td>\n<td>4.84 %<\/td>\n<td>4.19 %<\/td>\n<td>187,398<\/td>\n<td>6.86<\/td>\n<td>93<\/td>\n<td>0.0853 %<\/td>\n<td>2,105.7<\/td>\n<\/tr>\n<tr>\n<td>Deemed-Retractible<\/td>\n<td>5.04 %<\/td>\n<td>4.93 %<\/td>\n<td>121,907<\/td>\n<td>0.22<\/td>\n<td>32<\/td>\n<td>0.0294 %<\/td>\n<td>2,798.8<\/td>\n<\/tr>\n<tr>\n<td>FloatingReset<\/td>\n<td>2.79 %<\/td>\n<td>3.29 %<\/td>\n<td>44,518<\/td>\n<td>4.92<\/td>\n<td>12<\/td>\n<td>0.0811 %<\/td>\n<td>2,293.3<\/td>\n<\/tr>\n<\/table>\n<table border='1'>\n<tr>\n<td colspan='4'><strong>Performance Highlights<\/strong><\/td>\n<\/tr>\n<tr>\n<td>Issue<\/td>\n<td>Index<\/td>\n<td>Change<\/td>\n<td>Notes<\/td>\n<\/tr>\n<tr>\n<td>SLF.PR.J<\/td>\n<td>FloatingReset<\/td>\n<td>-1.67 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Hard Maturity<br \/>\nMaturity Date\t: 2025-01-31<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 12.93<br \/>\nBid-YTW : 10.93 %<\/td>\n<\/tr>\n<tr>\n<td>IFC.PR.A<\/td>\n<td>FixedReset<\/td>\n<td>-1.46 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Hard Maturity<br \/>\nMaturity Date\t: 2025-01-31<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 15.52<br \/>\nBid-YTW : 9.67 %<\/td>\n<\/tr>\n<tr>\n<td>TRP.PR.E<\/td>\n<td>FixedReset<\/td>\n<td>-1.18 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2046-11-08<br \/>\nMaturity Price  : 18.50<br \/>\nEvaluated at bid price : 18.50<br \/>\nBid-YTW : 4.40 %<\/td>\n<\/tr>\n<tr>\n<td>PWF.PR.P<\/td>\n<td>FixedReset<\/td>\n<td>-1.03 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2046-11-08<br \/>\nMaturity Price  : 13.51<br \/>\nEvaluated at bid price : 13.51<br \/>\nBid-YTW : 4.29 %<\/td>\n<\/tr>\n<\/table>\n<table border='1'>\n<tr>\n<td colspan='4'><strong>Volume Highlights<\/strong><\/td>\n<\/tr>\n<tr>\n<td>Issue<\/td>\n<td>Index<\/td>\n<td>Shares<br \/>Traded<\/td>\n<td>Notes<\/td>\n<\/tr>\n<tr>\n<td>IFC.PR.A<\/td>\n<td>FixedReset<\/td>\n<td>65,099<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Hard Maturity<br \/>\nMaturity Date\t: 2025-01-31<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 15.52<br \/>\nBid-YTW : 9.67 %<\/td>\n<\/tr>\n<tr>\n<td>RY.PR.Z<\/td>\n<td>FixedReset<\/td>\n<td>64,575<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2046-11-08<br \/>\nMaturity Price  : 19.15<br \/>\nEvaluated at bid price : 19.15<br \/>\nBid-YTW : 3.99 %<\/td>\n<\/tr>\n<tr>\n<td>BNS.PR.P<\/td>\n<td>FixedReset<\/td>\n<td>52,200<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Hard Maturity<br \/>\nMaturity Date\t: 2022-01-31<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 24.73<br \/>\nBid-YTW : 3.18 %<\/td>\n<\/tr>\n<tr>\n<td>BMO.PR.S<\/td>\n<td>FixedReset<\/td>\n<td>41,093<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2046-11-08<br \/>\nMaturity Price  : 19.52<br \/>\nEvaluated at bid price : 19.52<br \/>\nBid-YTW : 4.05 %<\/td>\n<\/tr>\n<tr>\n<td>BIP.PR.C<\/td>\n<td>FixedReset<\/td>\n<td>40,895<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Call<br \/>\nMaturity Date\t: 2021-09-30<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 25.65<br \/>\nBid-YTW : 4.91 %<\/td>\n<\/tr>\n<tr>\n<td>TD.PF.H<\/td>\n<td>FixedReset<\/td>\n<td>40,750<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Call<br \/>\nMaturity Date\t: 2021-10-31<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 25.75<br \/>\nBid-YTW : 4.25 %<\/td>\n<\/tr>\n<tr>\n<td colspan='4'>There were 31 other index-included issues trading in excess of 10,000 shares.<\/td>\n<\/tr>\n<\/table>\n<table border='1'>\n<tr>\n<td colspan='3'><strong>Wide Spread Highlights<\/strong><\/td>\n<\/tr>\n<tr>\n<td>Issue<\/td>\n<td>Index<\/td>\n<td>Quote Data and Yield Notes<\/td>\n<\/tr>\n<tr>\n<td>GWO.PR.N<\/td>\n<td>FixedReset<\/td>\n<td>Quote: 13.87 &#8211; 14.25<br \/>\nSpot Rate  :  0.3800<br \/>\nAverage  :  0.2488<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Hard Maturity<br \/>\nMaturity Date\t: 2025-01-31<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 13.87<br \/>\nBid-YTW : 10.34 %<\/td>\n<\/tr>\n<tr>\n<td>VNR.PR.A<\/td>\n<td>FixedReset<\/td>\n<td>Quote: 18.90 &#8211; 19.35<br \/>\nSpot Rate  :  0.4500<br \/>\nAverage  :  0.3441<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2046-11-08<br \/>\nMaturity Price  : 18.90<br \/>\nEvaluated at bid price : 18.90<br \/>\nBid-YTW : 4.74 %<\/td>\n<\/tr>\n<tr>\n<td>MFC.PR.F<\/td>\n<td>FixedReset<\/td>\n<td>Quote: 13.54 &#8211; 13.84<br \/>\nSpot Rate  :  0.3000<br \/>\nAverage  :  0.2010<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Hard Maturity<br \/>\nMaturity Date\t: 2025-01-31<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 13.54<br \/>\nBid-YTW : 10.78 %<\/td>\n<\/tr>\n<tr>\n<td>TRP.PR.E<\/td>\n<td>FixedReset<\/td>\n<td>Quote: 18.50 &#8211; 18.80<br \/>\nSpot Rate  :  0.3000<br \/>\nAverage  :  0.2174<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2046-11-08<br \/>\nMaturity Price  : 18.50<br \/>\nEvaluated at bid price : 18.50<br \/>\nBid-YTW : 4.40 %<\/td>\n<\/tr>\n<tr>\n<td>NA.PR.S<\/td>\n<td>FixedReset<\/td>\n<td>Quote: 18.94 &#8211; 19.19<br \/>\nSpot Rate  :  0.2500<br \/>\nAverage  :  0.1767<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2046-11-08<br \/>\nMaturity Price  : 18.94<br \/>\nEvaluated at bid price : 18.94<br \/>\nBid-YTW : 4.28 %<\/td>\n<\/tr>\n<tr>\n<td>BNS.PR.Z<\/td>\n<td>FixedReset<\/td>\n<td>Quote: 20.74 &#8211; 20.98<br \/>\nSpot Rate  :  0.2400<br \/>\nAverage  :  0.1683<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Hard Maturity<br \/>\nMaturity Date\t: 2022-01-31<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 20.74<br \/>\nBid-YTW : 5.93 %<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Sweet Baby Jesus: Click for BigJust before midnight on election day The markets could be interesting tomorrow: Panicked investors rushed to unwind bets they\u2019d piled on amid predictions Clinton would sweep to victory. Futures on &hellip;<\/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-33862","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/33862","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=33862"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/33862\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=33862"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=33862"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=33862"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}