{"id":40284,"date":"2020-02-18T23:31:23","date_gmt":"2020-02-19T04:31:23","guid":{"rendered":"http:\/\/prefblog.com\/?p=40284"},"modified":"2020-02-18T23:31:23","modified_gmt":"2020-02-19T04:31:23","slug":"february-18-2020","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=40284","title":{"rendered":"February 18, 2020"},"content":{"rendered":"

This kind of mortgage<\/a> would make even Toronto real estate look attractive!<\/p>\n

Denmark’s Jyske Bank offers a minus 0.5 per cent interest mortgage while still making a profit. Customers must make monthly principal payments, but the sum they owe is whittled down month by month by the negative rate over the life of the mortgage. The bank is able to fund the mortgage by selling a bond at minus 0.5 per cent, passing the rate to the customer, and making money on modest mortgage fees.<\/p><\/blockquote>\n

Soak the rich<\/a>!<\/p>\n

British Columbia\u2019s top income earners will face higher taxes under Finance Minister Carole James\u2019s budget, which maintains an operational surplus just as the pace of the province\u2019s economic growth begins to slow.
…<\/b>
The new top marginal tax rate rises to 20.5 per cent from 16.8 per cent, for those with a personal net income of more than $220,000. The change will generate an additional $216-million in revenue annually. The NDP raised the rate from 14.8 per cent in 2017.<\/p><\/blockquote>\n

When Ernst & Young update their personal tax calculators<\/a> I’ll update my BC Marginal Tax Rates<\/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>\n0.3432 %<\/td>\n2,069.8<\/td>\n<\/tr>\n
FixedFloater<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.3432 %<\/td>\n3,798.0<\/td>\n<\/tr>\n
Floater<\/td>\n5.91 %<\/td>\n6.11 %<\/td>\n53,915<\/td>\n13.67<\/td>\n4<\/td>\n0.3432 %<\/td>\n2,188.8<\/td>\n<\/tr>\n
OpRet<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.1615 %<\/td>\n3,483.9<\/td>\n<\/tr>\n
SplitShare<\/td>\n4.72 %<\/td>\n3.99 %<\/td>\n40,329<\/td>\n3.66<\/td>\n6<\/td>\n0.1615 %<\/td>\n4,160.5<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.1615 %<\/td>\n3,246.2<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.56 %<\/td>\n1.12 %<\/td>\n56,803<\/td>\n0.09<\/td>\n11<\/td>\n0.0644 %<\/td>\n3,073.6<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n5.16 %<\/td>\n5.18 %<\/td>\n67,478<\/td>\n14.97<\/td>\n24<\/td>\n0.3569 %<\/td>\n3,383.2<\/td>\n<\/tr>\n
FixedReset Disc<\/td>\n5.50 %<\/td>\n5.42 %<\/td>\n195,303<\/td>\n14.74<\/td>\n65<\/td>\n-0.1300 %<\/td>\n2,181.1<\/td>\n<\/tr>\n
Deemed-Retractible<\/td>\n5.08 %<\/td>\n5.18 %<\/td>\n72,285<\/td>\n14.93<\/td>\n27<\/td>\n0.0923 %<\/td>\n3,288.7<\/td>\n<\/tr>\n
FloatingReset<\/td>\n6.01 %<\/td>\n6.07 %<\/td>\n57,287<\/td>\n13.79<\/td>\n3<\/td>\n0.2194 %<\/td>\n2,548.1<\/td>\n<\/tr>\n
FixedReset Prem<\/td>\n5.08 %<\/td>\n3.46 %<\/td>\n138,466<\/td>\n1.43<\/td>\n22<\/td>\n-0.1081 %<\/td>\n2,659.7<\/td>\n<\/tr>\n
FixedReset Bank Non<\/td>\n1.93 %<\/td>\n3.26 %<\/td>\n73,095<\/td>\n1.90<\/td>\n3<\/td>\n-0.0136 %<\/td>\n2,755.4<\/td>\n<\/tr>\n
FixedReset Ins Non<\/td>\n5.34 %<\/td>\n5.45 %<\/td>\n104,495<\/td>\n14.57<\/td>\n22<\/td>\n-0.2558 %<\/td>\n2,195.9<\/td>\n<\/tr>\n<\/table>\n\n\n\n\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
PWF.PR.P<\/td>\nFixedReset Disc<\/td>\n-1.77 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-02-18
\nMaturity Price : 13.31
\nEvaluated at bid price : 13.31
\nBid-YTW : 5.59 %<\/td>\n<\/tr>\n
MFC.PR.L<\/td>\nFixedReset Ins Non<\/td>\n-1.31 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-02-18
\nMaturity Price : 16.58
\nEvaluated at bid price : 16.58
\nBid-YTW : 5.53 %<\/td>\n<\/tr>\n
BAM.PR.T<\/td>\nFixedReset Disc<\/td>\n-1.27 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-02-18
\nMaturity Price : 15.50
\nEvaluated at bid price : 15.50
\nBid-YTW : 6.00 %<\/td>\n<\/tr>\n
BIP.PR.D<\/td>\nFixedReset Disc<\/td>\n-1.20 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-02-18
\nMaturity Price : 22.74
\nEvaluated at bid price : 23.05
\nBid-YTW : 5.65 %<\/td>\n<\/tr>\n
MFC.PR.K<\/td>\nFixedReset Ins Non<\/td>\n-1.05 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-02-18
\nMaturity Price : 17.92
\nEvaluated at bid price : 17.92
\nBid-YTW : 5.36 %<\/td>\n<\/tr>\n
MFC.PR.H<\/td>\nFixedReset Ins Non<\/td>\n-1.05 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-02-18
\nMaturity Price : 20.75
\nEvaluated at bid price : 20.75
\nBid-YTW : 5.50 %<\/td>\n<\/tr>\n
W.PR.M<\/td>\nFixedReset Prem<\/td>\n-1.04 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2021-10-15
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.75
\nBid-YTW : 3.65 %<\/td>\n<\/tr>\n
BAM.PF.G<\/td>\nFixedReset Disc<\/td>\n-1.03 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-02-18
\nMaturity Price : 18.21
\nEvaluated at bid price : 18.21
\nBid-YTW : 5.90 %<\/td>\n<\/tr>\n
BAM.PR.K<\/td>\nFloater<\/td>\n1.23 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-02-18
\nMaturity Price : 11.49
\nEvaluated at bid price : 11.49
\nBid-YTW : 6.11 %<\/td>\n<\/tr>\n
EMA.PR.E<\/td>\nPerpetual-Discount<\/td>\n1.35 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-02-18
\nMaturity Price : 22.17
\nEvaluated at bid price : 22.50
\nBid-YTW : 5.00 %<\/td>\n<\/tr>\n
CU.PR.F<\/td>\nPerpetual-Discount<\/td>\n1.92 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-02-18
\nMaturity Price : 22.08
\nEvaluated at bid price : 22.34
\nBid-YTW : 5.04 %<\/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
IFC.PR.I<\/td>\nPerpetual-Premium<\/td>\n743,673<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2029-03-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.21
\nBid-YTW : 5.32 %<\/td>\n<\/tr>\n
TD.PF.L<\/td>\nFixedReset Disc<\/td>\n55,600<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-02-18
\nMaturity Price : 22.79
\nEvaluated at bid price : 23.90
\nBid-YTW : 4.98 %<\/td>\n<\/tr>\n
CU.PR.G<\/td>\nPerpetual-Discount<\/td>\n29,900<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-02-18
\nMaturity Price : 22.00
\nEvaluated at bid price : 22.27
\nBid-YTW : 5.05 %<\/td>\n<\/tr>\n
BIP.PR.D<\/td>\nFixedReset Disc<\/td>\n27,800<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-02-18
\nMaturity Price : 22.74
\nEvaluated at bid price : 23.05
\nBid-YTW : 5.65 %<\/td>\n<\/tr>\n
RY.PR.Z<\/td>\nFixedReset Disc<\/td>\n25,502<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-02-18
\nMaturity Price : 17.55
\nEvaluated at bid price : 17.55
\nBid-YTW : 5.18 %<\/td>\n<\/tr>\n
CM.PR.Q<\/td>\nFixedReset Disc<\/td>\n22,801<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-02-18
\nMaturity Price : 19.15
\nEvaluated at bid price : 19.15
\nBid-YTW : 5.47 %<\/td>\n<\/tr>\n
There were 16 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
SLF.PR.A<\/td>\nDeemed-Retractible<\/td>\nQuote: 23.11 – 23.46
\nSpot Rate : 0.3500
\nAverage : 0.2466<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-02-18
\nMaturity Price : 22.83
\nEvaluated at bid price : 23.11
\nBid-YTW : 5.20 %<\/td>\n<\/tr>\n

EMA.PR.H<\/td>\nFixedReset Prem<\/td>\nQuote: 25.08 – 25.38
\nSpot Rate : 0.3000
\nAverage : 0.2124<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-02-18
\nMaturity Price : 23.34
\nEvaluated at bid price : 25.08
\nBid-YTW : 4.81 %<\/td>\n<\/tr>\n

TRP.PR.G<\/td>\nFixedReset Disc<\/td>\nQuote: 18.70 – 18.94
\nSpot Rate : 0.2400
\nAverage : 0.1645<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-02-18
\nMaturity Price : 18.70
\nEvaluated at bid price : 18.70
\nBid-YTW : 5.79 %<\/td>\n<\/tr>\n

BNS.PR.I<\/td>\nFixedReset Disc<\/td>\nQuote: 20.11 – 20.39
\nSpot Rate : 0.2800
\nAverage : 0.2113<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-02-18
\nMaturity Price : 20.11
\nEvaluated at bid price : 20.11
\nBid-YTW : 5.07 %<\/td>\n<\/tr>\n

GWO.PR.Q<\/td>\nDeemed-Retractible<\/td>\nQuote: 24.70 – 24.93
\nSpot Rate : 0.2300
\nAverage : 0.1619<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-02-18
\nMaturity Price : 24.45
\nEvaluated at bid price : 24.70
\nBid-YTW : 5.28 %<\/td>\n<\/tr>\n

MFC.PR.Q<\/td>\nFixedReset Ins Non<\/td>\nQuote: 19.34 – 19.55
\nSpot Rate : 0.2100
\nAverage : 0.1432<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-02-18
\nMaturity Price : 19.34
\nEvaluated at bid price : 19.34
\nBid-YTW : 5.37 %<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

This kind of mortgage would make even Toronto real estate look attractive! Denmark’s Jyske Bank offers a minus 0.5 per cent interest mortgage while still making a profit. Customers must make monthly principal payments, but …<\/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-40284","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/40284","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=40284"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/40284\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=40284"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=40284"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=40284"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}