{"id":40271,"date":"2020-02-14T22:35:15","date_gmt":"2020-02-15T03:35:15","guid":{"rendered":"http:\/\/prefblog.com\/?p=40271"},"modified":"2020-02-14T22:35:15","modified_gmt":"2020-02-15T03:35:15","slug":"february-14-2020","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=40271","title":{"rendered":"February 14, 2020"},"content":{"rendered":"

Well, we all know what day it is, don’t we? It’s February PrefLetter<\/a> preparation day<\/a>!<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
HIMIPref™ Preferred Indices
These values reflect the December 2008 revision of the HIMIPref™ Indices<\/strong>
Values are provisional and are finalized monthly<\/td>\n<\/tr>\n
Index<\/td>\nMean
Current
Yield
(at bid)<\/td>\n		Median
YTW<\/td>\n		Median
Average
Trading
Value<\/td>\n		Median
Mod Dur
(YTW)<\/td>\n		Issues<\/td>\nDay’s Perf.<\/td>\nIndex Value<\/td>\n<\/tr>\n
Ratchet<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.1719 %<\/td>\n2,062.7<\/td>\n<\/tr>\n
FixedFloater<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.1719 %<\/td>\n3,785.0<\/td>\n<\/tr>\n
Floater<\/td>\n5.93 %<\/td>\n6.13 %<\/td>\n54,624<\/td>\n13.65<\/td>\n4<\/td>\n0.1719 %<\/td>\n2,181.3<\/td>\n<\/tr>\n
OpRet<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.0710 %<\/td>\n3,478.3<\/td>\n<\/tr>\n
SplitShare<\/td>\n4.73 %<\/td>\n4.25 %<\/td>\n39,267<\/td>\n4.10<\/td>\n6<\/td>\n-0.0710 %<\/td>\n4,153.8<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.0710 %<\/td>\n3,241.0<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.56 %<\/td>\n-1.13 %<\/td>\n58,276<\/td>\n0.09<\/td>\n11<\/td>\n-0.0036 %<\/td>\n3,071.6<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n5.18 %<\/td>\n5.22 %<\/td>\n67,288<\/td>\n14.95<\/td>\n24<\/td>\n0.0813 %<\/td>\n3,371.1<\/td>\n<\/tr>\n
FixedReset Disc<\/td>\n5.49 %<\/td>\n5.42 %<\/td>\n177,445<\/td>\n14.78<\/td>\n64<\/td>\n-0.0183 %<\/td>\n2,183.9<\/td>\n<\/tr>\n
Deemed-Retractible<\/td>\n5.09 %<\/td>\n5.18 %<\/td>\n71,894<\/td>\n14.90<\/td>\n27<\/td>\n0.1186 %<\/td>\n3,285.7<\/td>\n<\/tr>\n
FloatingReset<\/td>\n6.02 %<\/td>\n6.08 %<\/td>\n59,363<\/td>\n13.79<\/td>\n3<\/td>\n-0.7018 %<\/td>\n2,542.6<\/td>\n<\/tr>\n
FixedReset Prem<\/td>\n5.07 %<\/td>\n3.32 %<\/td>\n140,143<\/td>\n1.44<\/td>\n22<\/td>\n0.0159 %<\/td>\n2,662.6<\/td>\n<\/tr>\n
FixedReset Bank Non<\/td>\n1.93 %<\/td>\n3.24 %<\/td>\n73,669<\/td>\n1.91<\/td>\n3<\/td>\n0.0814 %<\/td>\n2,755.8<\/td>\n<\/tr>\n
FixedReset Ins Non<\/td>\n5.33 %<\/td>\n5.42 %<\/td>\n108,099<\/td>\n14.62<\/td>\n22<\/td>\n-0.2672 %<\/td>\n2,201.5<\/td>\n<\/tr>\n<\/table>\n\n\n\n\n\n\n\n\n\n\n
Performance Highlights<\/strong><\/td>\n<\/tr>\n
Issue<\/td>\nIndex<\/td>\nChange<\/td>\nNotes<\/td>\n<\/tr>\n
MFC.PR.M<\/td>\nFixedReset Ins Non<\/td>\n-2.15 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-02-14
\nMaturity Price : 17.71
\nEvaluated at bid price : 17.71
\nBid-YTW : 5.39 %<\/td>\n<\/tr>\n
MFC.PR.N<\/td>\nFixedReset Ins Non<\/td>\n-1.39 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-02-14
\nMaturity Price : 17.01
\nEvaluated at bid price : 17.01
\nBid-YTW : 5.50 %<\/td>\n<\/tr>\n
SLF.PR.J<\/td>\nFloatingReset<\/td>\n-1.04 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-02-14
\nMaturity Price : 13.31
\nEvaluated at bid price : 13.31
\nBid-YTW : 5.83 %<\/td>\n<\/tr>\n
NA.PR.G<\/td>\nFixedReset Disc<\/td>\n-1.04 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-02-14
\nMaturity Price : 19.99
\nEvaluated at bid price : 19.99
\nBid-YTW : 5.44 %<\/td>\n<\/tr>\n
CU.PR.D<\/td>\nPerpetual-Discount<\/td>\n-1.01 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-02-14
\nMaturity Price : 23.09
\nEvaluated at bid price : 23.56
\nBid-YTW : 5.19 %<\/td>\n<\/tr>\n
NA.PR.E<\/td>\nFixedReset Disc<\/td>\n1.12 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-02-14
\nMaturity Price : 18.93
\nEvaluated at bid price : 18.93
\nBid-YTW : 5.43 %<\/td>\n<\/tr>\n
IFC.PR.A<\/td>\nFixedReset Ins Non<\/td>\n1.56 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-02-14
\nMaturity Price : 14.30
\nEvaluated at bid price : 14.30
\nBid-YTW : 5.60 %<\/td>\n<\/tr>\n<\/table>\n\n\n\n\n\n\n\n\n\n\n
Volume Highlights<\/strong><\/td>\n<\/tr>\n
Issue<\/td>\nIndex<\/td>\nShares
Traded<\/td>\n		Notes<\/td>\n<\/tr>\n
MFC.PR.C<\/td>\nDeemed-Retractible<\/td>\n62,548<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-02-14
\nMaturity Price : 21.72
\nEvaluated at bid price : 21.97
\nBid-YTW : 5.19 %<\/td>\n<\/tr>\n
BMO.PR.B<\/td>\nFixedReset Prem<\/td>\n50,200<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2022-02-25
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.70
\nBid-YTW : 3.36 %<\/td>\n<\/tr>\n
RY.PR.J<\/td>\nFixedReset Disc<\/td>\n42,495<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-02-14
\nMaturity Price : 19.70
\nEvaluated at bid price : 19.70
\nBid-YTW : 5.25 %<\/td>\n<\/tr>\n
BMO.PR.Y<\/td>\nFixedReset Disc<\/td>\n40,400<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-02-14
\nMaturity Price : 19.12
\nEvaluated at bid price : 19.12
\nBid-YTW : 5.37 %<\/td>\n<\/tr>\n
TRP.PR.C<\/td>\nFixedReset Disc<\/td>\n40,000<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-02-14
\nMaturity Price : 12.21
\nEvaluated at bid price : 12.21
\nBid-YTW : 5.97 %<\/td>\n<\/tr>\n
TD.PF.I<\/td>\nFixedReset Disc<\/td>\n28,000<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-02-14
\nMaturity Price : 21.10
\nEvaluated at bid price : 21.10
\nBid-YTW : 5.27 %<\/td>\n<\/tr>\n
There were 18 other index-included issues trading in excess of 10,000 shares.<\/td>\n<\/tr>\n<\/table>\n\n\n\n\n\n\n\n\n\n
Wide Spread Highlights<\/strong><\/td>\n<\/tr>\n
Issue<\/td>\nIndex<\/td>\nQuote Data and Yield Notes<\/td>\n<\/tr>\n
CIU.PR.A<\/td>\nPerpetual-Discount<\/td>\nQuote: 22.03 – 22.59
\nSpot Rate : 0.5600
\nAverage : 0.3298<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-02-14
\nMaturity Price : 21.78
\nEvaluated at bid price : 22.03
\nBid-YTW : 5.22 %<\/td>\n<\/tr>\n

GWO.PR.S<\/td>\nDeemed-Retractible<\/td>\nQuote: 24.97 – 25.49
\nSpot Rate : 0.5200
\nAverage : 0.3414<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-02-14
\nMaturity Price : 24.63
\nEvaluated at bid price : 24.97
\nBid-YTW : 5.32 %<\/td>\n<\/tr>\n

BAM.PF.I<\/td>\nFixedReset Prem<\/td>\nQuote: 25.40 – 25.75
\nSpot Rate : 0.3500
\nAverage : 0.2195<\/p>\n

YTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2022-03-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.40
\nBid-YTW : 4.31 %<\/td>\n<\/tr>\n

GWO.PR.F<\/td>\nDeemed-Retractible<\/td>\nQuote: 25.86 – 26.18
\nSpot Rate : 0.3200
\nAverage : 0.1989<\/p>\n

YTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2020-03-15
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.86
\nBid-YTW : -24.84 %<\/td>\n<\/tr>\n

TD.PF.L<\/td>\nFixedReset Disc<\/td>\nQuote: 24.00 – 24.38
\nSpot Rate : 0.3800
\nAverage : 0.2613<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-02-14
\nMaturity Price : 22.84
\nEvaluated at bid price : 24.00
\nBid-YTW : 4.95 %<\/td>\n<\/tr>\n

SLF.PR.J<\/td>\nFloatingReset<\/td>\nQuote: 13.31 – 13.62
\nSpot Rate : 0.3100
\nAverage : 0.2107<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-02-14
\nMaturity Price : 13.31
\nEvaluated at bid price : 13.31
\nBid-YTW : 5.83 %<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Well, we all know what day it is, don’t we? It’s February PrefLetter preparation day! HIMIPref™ Preferred IndicesThese values reflect the December 2008 revision of the HIMIPref™ IndicesValues are provisional and are finalized monthly Index …<\/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-40271","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/40271","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=40271"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/40271\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=40271"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=40271"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=40271"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}