{"id":41880,"date":"2021-01-26T23:01:59","date_gmt":"2021-01-27T04:01:59","guid":{"rendered":"http:\/\/prefblog.com\/?p=41880"},"modified":"2021-01-26T23:01:59","modified_gmt":"2021-01-27T04:01:59","slug":"january-26-2021","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=41880","title":{"rendered":"January 26, 2021"},"content":{"rendered":"

I have some urgent matters to take care of and anticipate that the Wednesday and Thursday Market Action reports will not be published until the weekend.<\/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>\n0.0322 %<\/td>\n2,086.5<\/td>\n<\/tr>\n
FixedFloater<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.0322 %<\/td>\n3,828.7<\/td>\n<\/tr>\n
Floater<\/td>\n4.14 %<\/td>\n4.18 %<\/td>\n43,700<\/td>\n17.05<\/td>\n3<\/td>\n0.0322 %<\/td>\n2,206.5<\/td>\n<\/tr>\n
OpRet<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.1049 %<\/td>\n3,632.3<\/td>\n<\/tr>\n
SplitShare<\/td>\n4.70 %<\/td>\n4.34 %<\/td>\n37,736<\/td>\n3.72<\/td>\n8<\/td>\n-0.1049 %<\/td>\n4,337.8<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.1049 %<\/td>\n3,384.5<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.37 %<\/td>\n-5.90 %<\/td>\n69,896<\/td>\n0.09<\/td>\n18<\/td>\n-0.5755 %<\/td>\n3,221.5<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n5.00 %<\/td>\n4.96 %<\/td>\n71,423<\/td>\n15.40<\/td>\n13<\/td>\n-0.0316 %<\/td>\n3,697.3<\/td>\n<\/tr>\n
FixedReset Disc<\/td>\n4.86 %<\/td>\n3.77 %<\/td>\n142,522<\/td>\n17.53<\/td>\n56<\/td>\n0.0567 %<\/td>\n2,413.5<\/td>\n<\/tr>\n
Insurance Straight<\/td>\n5.02 %<\/td>\n4.83 %<\/td>\n84,000<\/td>\n15.33<\/td>\n22<\/td>\n0.0878 %<\/td>\n3,580.0<\/td>\n<\/tr>\n
FloatingReset<\/td>\n2.48 %<\/td>\n-0.00 %<\/td>\n27,231<\/td>\n0.10<\/td>\n3<\/td>\n0.1222 %<\/td>\n1,937.2<\/td>\n<\/tr>\n
FixedReset Prem<\/td>\n5.13 %<\/td>\n3.11 %<\/td>\n189,747<\/td>\n0.97<\/td>\n20<\/td>\n-0.0608 %<\/td>\n2,703.5<\/td>\n<\/tr>\n
FixedReset Bank Non<\/td>\n1.93 %<\/td>\n1.92 %<\/td>\n168,762<\/td>\n1.00<\/td>\n2<\/td>\n0.0000 %<\/td>\n2,886.0<\/td>\n<\/tr>\n
FixedReset Ins Non<\/td>\n4.85 %<\/td>\n3.70 %<\/td>\n91,172<\/td>\n17.67<\/td>\n22<\/td>\n-0.3284 %<\/td>\n2,514.3<\/td>\n<\/tr>\n<\/table>\n\n\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
CU.PR.H<\/td>\nPerpetual-Premium<\/td>\n-5.35 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2051-01-26
\nMaturity Price : 23.88
\nEvaluated at bid price : 24.40
\nBid-YTW : 5.44 %<\/td>\n<\/tr>\n
RY.PR.N<\/td>\nPerpetual-Premium<\/td>\n-5.12 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2051-01-26
\nMaturity Price : 24.51
\nEvaluated at bid price : 25.00
\nBid-YTW : 4.88 %<\/td>\n<\/tr>\n
IAF.PR.G<\/td>\nFixedReset Ins Non<\/td>\n-4.70 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2051-01-26
\nMaturity Price : 21.50
\nEvaluated at bid price : 21.50
\nBid-YTW : 3.88 %<\/td>\n<\/tr>\n
SLF.PR.H<\/td>\nFixedReset Ins Non<\/td>\n-3.69 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2051-01-26
\nMaturity Price : 18.00
\nEvaluated at bid price : 18.00
\nBid-YTW : 3.64 %<\/td>\n<\/tr>\n
TRP.PR.C<\/td>\nFixedReset Disc<\/td>\n-1.45 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2051-01-26
\nMaturity Price : 10.91
\nEvaluated at bid price : 10.91
\nBid-YTW : 4.52 %<\/td>\n<\/tr>\n
MFC.PR.M<\/td>\nFixedReset Ins Non<\/td>\n-1.08 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2051-01-26
\nMaturity Price : 20.17
\nEvaluated at bid price : 20.17
\nBid-YTW : 3.73 %<\/td>\n<\/tr>\n
CU.PR.F<\/td>\nPerpetual-Discount<\/td>\n-1.05 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2051-01-26
\nMaturity Price : 23.23
\nEvaluated at bid price : 23.50
\nBid-YTW : 4.85 %<\/td>\n<\/tr>\n
MFC.PR.L<\/td>\nFixedReset Ins Non<\/td>\n-1.04 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2051-01-26
\nMaturity Price : 19.01
\nEvaluated at bid price : 19.01
\nBid-YTW : 3.70 %<\/td>\n<\/tr>\n
RY.PR.S<\/td>\nFixedReset Disc<\/td>\n-1.03 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2051-01-26
\nMaturity Price : 22.47
\nEvaluated at bid price : 23.07
\nBid-YTW : 3.29 %<\/td>\n<\/tr>\n
IFC.PR.E<\/td>\nInsurance Straight<\/td>\n1.06 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2025-06-30
\nMaturity Price : 25.25
\nEvaluated at bid price : 25.65
\nBid-YTW : 4.87 %<\/td>\n<\/tr>\n
TRP.PR.E<\/td>\nFixedReset Disc<\/td>\n1.14 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2051-01-26
\nMaturity Price : 16.00
\nEvaluated at bid price : 16.00
\nBid-YTW : 4.67 %<\/td>\n<\/tr>\n
BAM.PR.R<\/td>\nFixedReset Disc<\/td>\n1.40 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2051-01-26
\nMaturity Price : 15.18
\nEvaluated at bid price : 15.18
\nBid-YTW : 4.53 %<\/td>\n<\/tr>\n
TRP.PR.D<\/td>\nFixedReset Disc<\/td>\n1.48 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2051-01-26
\nMaturity Price : 16.45
\nEvaluated at bid price : 16.45
\nBid-YTW : 4.57 %<\/td>\n<\/tr>\n
PWF.PR.P<\/td>\nFixedReset Disc<\/td>\n1.84 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2051-01-26
\nMaturity Price : 12.76
\nEvaluated at bid price : 12.76
\nBid-YTW : 3.98 %<\/td>\n<\/tr>\n
TD.PF.K<\/td>\nFixedReset Disc<\/td>\n2.04 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2051-01-26
\nMaturity Price : 22.17
\nEvaluated at bid price : 22.55
\nBid-YTW : 3.58 %<\/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.C<\/td>\nFixedReset Disc<\/td>\n175,000<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2051-01-26
\nMaturity Price : 18.56
\nEvaluated at bid price : 18.56
\nBid-YTW : 3.91 %<\/td>\n<\/tr>\n
IFC.PR.A<\/td>\nFixedReset Ins Non<\/td>\n170,666<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2051-01-26
\nMaturity Price : 15.35
\nEvaluated at bid price : 15.35
\nBid-YTW : 3.71 %<\/td>\n<\/tr>\n
TRP.PR.E<\/td>\nFixedReset Disc<\/td>\n84,188<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2051-01-26
\nMaturity Price : 16.00
\nEvaluated at bid price : 16.00
\nBid-YTW : 4.67 %<\/td>\n<\/tr>\n
RY.PR.P<\/td>\nPerpetual-Premium<\/td>\n74,900<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2021-03-26
\nMaturity Price : 26.00
\nEvaluated at bid price : 26.50
\nBid-YTW : -9.02 %<\/td>\n<\/tr>\n
BMO.PR.T<\/td>\nFixedReset Disc<\/td>\n57,444<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2051-01-26
\nMaturity Price : 20.01
\nEvaluated at bid price : 20.01
\nBid-YTW : 3.59 %<\/td>\n<\/tr>\n
TRP.PR.A<\/td>\nFixedReset Disc<\/td>\n56,902<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2051-01-26
\nMaturity Price : 13.95
\nEvaluated at bid price : 13.95
\nBid-YTW : 4.68 %<\/td>\n<\/tr>\n
There were 28 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
RY.PR.N<\/td>\nPerpetual-Premium<\/td>\nQuote: 25.00 – 26.49
\nSpot Rate : 1.4900
\nAverage : 0.9093<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2051-01-26
\nMaturity Price : 24.51
\nEvaluated at bid price : 25.00
\nBid-YTW : 4.88 %<\/td>\n<\/tr>\n

CU.PR.H<\/td>\nPerpetual-Premium<\/td>\nQuote: 24.40 – 25.94
\nSpot Rate : 1.5400
\nAverage : 0.9643<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2051-01-26
\nMaturity Price : 23.88
\nEvaluated at bid price : 24.40
\nBid-YTW : 5.44 %<\/td>\n<\/tr>\n

IAF.PR.G<\/td>\nFixedReset Ins Non<\/td>\nQuote: 21.50 – 22.67
\nSpot Rate : 1.1700
\nAverage : 0.8058<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2051-01-26
\nMaturity Price : 21.50
\nEvaluated at bid price : 21.50
\nBid-YTW : 3.88 %<\/td>\n<\/tr>\n

SLF.PR.H<\/td>\nFixedReset Ins Non<\/td>\nQuote: 18.00 – 18.87
\nSpot Rate : 0.8700
\nAverage : 0.5288<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2051-01-26
\nMaturity Price : 18.00
\nEvaluated at bid price : 18.00
\nBid-YTW : 3.64 %<\/td>\n<\/tr>\n

NA.PR.S<\/td>\nFixedReset Disc<\/td>\nQuote: 20.00 – 20.40
\nSpot Rate : 0.4000
\nAverage : 0.2561<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2051-01-26
\nMaturity Price : 20.00
\nEvaluated at bid price : 20.00
\nBid-YTW : 3.77 %<\/td>\n<\/tr>\n

MFC.PR.L<\/td>\nFixedReset Ins Non<\/td>\nQuote: 19.01 – 19.45
\nSpot Rate : 0.4400
\nAverage : 0.3346<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2051-01-26
\nMaturity Price : 19.01
\nEvaluated at bid price : 19.01
\nBid-YTW : 3.70 %<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

I have some urgent matters to take care of and anticipate that the Wednesday and Thursday Market Action reports will not be published until the weekend. HIMIPref™ Preferred IndicesThese values reflect the December 2008 revision …<\/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-41880","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/41880","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=41880"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/41880\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=41880"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=41880"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=41880"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}