{"id":41776,"date":"2021-01-01T00:37:49","date_gmt":"2021-01-01T05:37:49","guid":{"rendered":"http:\/\/prefblog.com\/?p=41776"},"modified":"2021-01-01T00:37:49","modified_gmt":"2021-01-01T05:37:49","slug":"december-31-2020","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=41776","title":{"rendered":"December 31, 2020"},"content":{"rendered":"

Well, that’s another year wrapped up … what a wild one, from the depths of March to the peaks of December!<\/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>\n-0.3741 %<\/td>\n1,888.9<\/td>\n<\/tr>\n
FixedFloater<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.3741 %<\/td>\n3,466.1<\/td>\n<\/tr>\n
Floater<\/td>\n4.60 %<\/td>\n4.56 %<\/td>\n76,381<\/td>\n16.31<\/td>\n2<\/td>\n-0.3741 %<\/td>\n1,997.5<\/td>\n<\/tr>\n
OpRet<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.0913 %<\/td>\n3,628.2<\/td>\n<\/tr>\n
SplitShare<\/td>\n4.78 %<\/td>\n4.33 %<\/td>\n40,030<\/td>\n3.79<\/td>\n9<\/td>\n0.0913 %<\/td>\n4,332.8<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.0913 %<\/td>\n3,380.6<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.33 %<\/td>\n0.27 %<\/td>\n68,102<\/td>\n0.09<\/td>\n19<\/td>\n0.1343 %<\/td>\n3,211.1<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n4.99 %<\/td>\n5.01 %<\/td>\n71,335<\/td>\n15.40<\/td>\n12<\/td>\n0.0549 %<\/td>\n3,685.5<\/td>\n<\/tr>\n
FixedReset Disc<\/td>\n5.01 %<\/td>\n3.87 %<\/td>\n144,284<\/td>\n17.30<\/td>\n56<\/td>\n0.5268 %<\/td>\n2,335.9<\/td>\n<\/tr>\n
Insurance Straight<\/td>\n5.05 %<\/td>\n4.81 %<\/td>\n88,002<\/td>\n15.40<\/td>\n22<\/td>\n0.1694 %<\/td>\n3,561.1<\/td>\n<\/tr>\n
FloatingReset<\/td>\n1.90 %<\/td>\n1.89 %<\/td>\n35,413<\/td>\n1.07<\/td>\n3<\/td>\n0.1637 %<\/td>\n1,857.0<\/td>\n<\/tr>\n
FixedReset Prem<\/td>\n5.15 %<\/td>\n3.10 %<\/td>\n209,365<\/td>\n0.81<\/td>\n22<\/td>\n0.1092 %<\/td>\n2,682.8<\/td>\n<\/tr>\n
FixedReset Bank Non<\/td>\n1.93 %<\/td>\n1.79 %<\/td>\n165,198<\/td>\n1.07<\/td>\n2<\/td>\n0.0599 %<\/td>\n2,883.2<\/td>\n<\/tr>\n
FixedReset Ins Non<\/td>\n5.01 %<\/td>\n3.85 %<\/td>\n91,366<\/td>\n17.33<\/td>\n22<\/td>\n1.2552 %<\/td>\n2,432.2<\/td>\n<\/tr>\n<\/table>\n\n\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
BAM.PR.K<\/td>\nFloater<\/td>\n-1.18 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-12-31
\nMaturity Price : 9.21
\nEvaluated at bid price : 9.21
\nBid-YTW : 4.66 %<\/td>\n<\/tr>\n
MFC.PR.F<\/td>\nFixedReset Ins Non<\/td>\n1.01 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-12-31
\nMaturity Price : 12.00
\nEvaluated at bid price : 12.00
\nBid-YTW : 3.85 %<\/td>\n<\/tr>\n
NA.PR.E<\/td>\nFixedReset Disc<\/td>\n1.02 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-12-31
\nMaturity Price : 20.82
\nEvaluated at bid price : 20.82
\nBid-YTW : 3.88 %<\/td>\n<\/tr>\n
MFC.PR.L<\/td>\nFixedReset Ins Non<\/td>\n1.56 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-12-31
\nMaturity Price : 18.18
\nEvaluated at bid price : 18.18
\nBid-YTW : 3.86 %<\/td>\n<\/tr>\n
BAM.PR.X<\/td>\nFixedReset Disc<\/td>\n1.57 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-12-31
\nMaturity Price : 12.30
\nEvaluated at bid price : 12.30
\nBid-YTW : 4.62 %<\/td>\n<\/tr>\n
TRP.PR.B<\/td>\nFixedReset Disc<\/td>\n1.60 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-12-31
\nMaturity Price : 9.50
\nEvaluated at bid price : 9.50
\nBid-YTW : 4.50 %<\/td>\n<\/tr>\n
IFC.PR.A<\/td>\nFixedReset Ins Non<\/td>\n1.65 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-12-31
\nMaturity Price : 15.44
\nEvaluated at bid price : 15.44
\nBid-YTW : 3.68 %<\/td>\n<\/tr>\n
BAM.PF.G<\/td>\nFixedReset Disc<\/td>\n2.24 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-12-31
\nMaturity Price : 16.87
\nEvaluated at bid price : 16.87
\nBid-YTW : 4.86 %<\/td>\n<\/tr>\n
RY.PR.H<\/td>\nFixedReset Disc<\/td>\n2.66 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-12-31
\nMaturity Price : 21.20
\nEvaluated at bid price : 21.20
\nBid-YTW : 3.39 %<\/td>\n<\/tr>\n
SLF.PR.H<\/td>\nFixedReset Ins Non<\/td>\n3.42 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-12-31
\nMaturity Price : 17.84
\nEvaluated at bid price : 17.84
\nBid-YTW : 3.66 %<\/td>\n<\/tr>\n
MFC.PR.G<\/td>\nFixedReset Ins Non<\/td>\n6.83 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-12-31
\nMaturity Price : 21.87
\nEvaluated at bid price : 22.38
\nBid-YTW : 3.72 %<\/td>\n<\/tr>\n
IAF.PR.G<\/td>\nFixedReset Ins Non<\/td>\n8.06 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-12-31
\nMaturity Price : 20.64
\nEvaluated at bid price : 20.64
\nBid-YTW : 4.03 %<\/td>\n<\/tr>\n
TRP.PR.D<\/td>\nFixedReset Disc<\/td>\n12.60 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-12-31
\nMaturity Price : 15.10
\nEvaluated at bid price : 15.10
\nBid-YTW : 4.97 %<\/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
CU.PR.E<\/td>\nPerpetual-Discount<\/td>\n37,700<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-12-31
\nMaturity Price : 24.60
\nEvaluated at bid price : 24.85
\nBid-YTW : 4.97 %<\/td>\n<\/tr>\n
BNS.PR.G<\/td>\nFixedReset Prem<\/td>\n27,525<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2021-07-25
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.63
\nBid-YTW : 2.76 %<\/td>\n<\/tr>\n
GWO.PR.L<\/td>\nInsurance Straight<\/td>\n24,300<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2021-01-30
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.33
\nBid-YTW : -10.07 %<\/td>\n<\/tr>\n
MFC.PR.G<\/td>\nFixedReset Ins Non<\/td>\n17,832<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-12-31
\nMaturity Price : 21.87
\nEvaluated at bid price : 22.38
\nBid-YTW : 3.72 %<\/td>\n<\/tr>\n
CM.PR.S<\/td>\nFixedReset Disc<\/td>\n17,552<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-12-31
\nMaturity Price : 20.52
\nEvaluated at bid price : 20.52
\nBid-YTW : 3.72 %<\/td>\n<\/tr>\n
RY.PR.P<\/td>\nPerpetual-Premium<\/td>\n16,921<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2021-02-24
\nMaturity Price : 26.00
\nEvaluated at bid price : 26.32
\nBid-YTW : 0.27 %<\/td>\n<\/tr>\n
There were 5 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
RS.PR.A<\/td>\nSplitShare<\/td>\nQuote: 10.32 – 11.68
\nSpot Rate : 1.3600
\nAverage : 0.7483<\/p>\n

YTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-12-31
\nMaturity Price : 10.00
\nEvaluated at bid price : 10.32
\nBid-YTW : 4.56 %<\/td>\n<\/tr>\n

TD.PF.D<\/td>\nFixedReset Disc<\/td>\nQuote: 22.11 – 23.50
\nSpot Rate : 1.3900
\nAverage : 0.9505<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-12-31
\nMaturity Price : 21.73
\nEvaluated at bid price : 22.11
\nBid-YTW : 3.64 %<\/td>\n<\/tr>\n

POW.PR.G<\/td>\nPerpetual-Premium<\/td>\nQuote: 25.25 – 26.25
\nSpot Rate : 1.0000
\nAverage : 0.5672<\/p>\n

YTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2021-04-15
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.25
\nBid-YTW : 1.31 %<\/td>\n<\/tr>\n

RY.PR.M<\/td>\nFixedReset Disc<\/td>\nQuote: 21.28 – 25.50
\nSpot Rate : 4.2200
\nAverage : 3.8490<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-12-31
\nMaturity Price : 21.28
\nEvaluated at bid price : 21.28
\nBid-YTW : 3.60 %<\/td>\n<\/tr>\n

BAM.PF.B<\/td>\nFixedReset Disc<\/td>\nQuote: 17.13 – 18.24
\nSpot Rate : 1.1100
\nAverage : 0.8119<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-12-31
\nMaturity Price : 17.13
\nEvaluated at bid price : 17.13
\nBid-YTW : 4.84 %<\/td>\n<\/tr>\n

IFC.PR.C<\/td>\nFixedReset Ins Non<\/td>\nQuote: 20.35 – 21.00
\nSpot Rate : 0.6500
\nAverage : 0.4836<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-12-31
\nMaturity Price : 20.35
\nEvaluated at bid price : 20.35
\nBid-YTW : 3.81 %<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Well, that’s another year wrapped up … what a wild one, from the depths of March to the peaks of December! HIMIPref™ Preferred IndicesThese values reflect the December 2008 revision of the HIMIPref™ IndicesValues are …<\/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-41776","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/41776","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=41776"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/41776\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=41776"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=41776"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=41776"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}