{"id":42845,"date":"2021-12-31T21:00:55","date_gmt":"2022-01-01T02:00:55","guid":{"rendered":"http:\/\/prefblog.com\/?p=42845"},"modified":"2021-12-31T21:00:55","modified_gmt":"2022-01-01T02:00:55","slug":"december-31-2021","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=42845","title":{"rendered":"December 31, 2021"},"content":{"rendered":"\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>\n3.05 %<\/td>\n3.53 %<\/td>\n35,854<\/td>\n20.05<\/td>\n1<\/td>\n0.6516 %<\/td>\n2,860.5<\/td>\n<\/tr>\n
FixedFloater<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-1.4855 %<\/td>\n5,175.4<\/td>\n<\/tr>\n
Floater<\/td>\n3.08 %<\/td>\n3.00 %<\/td>\n58,998<\/td>\n19.70<\/td>\n3<\/td>\n-1.4855 %<\/td>\n2,982.6<\/td>\n<\/tr>\n
OpRet<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.1497 %<\/td>\n3,659.8<\/td>\n<\/tr>\n
SplitShare<\/td>\n4.69 %<\/td>\n4.22 %<\/td>\n35,413<\/td>\n3.60<\/td>\n6<\/td>\n-0.1497 %<\/td>\n4,370.6<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.1497 %<\/td>\n3,410.1<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.16 %<\/td>\n-11.27 %<\/td>\n41,877<\/td>\n0.09<\/td>\n23<\/td>\n-0.1287 %<\/td>\n3,257.5<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n4.74 %<\/td>\n4.80 %<\/td>\n53,172<\/td>\n15.78<\/td>\n11<\/td>\n-0.6209 %<\/td>\n3,875.9<\/td>\n<\/tr>\n
FixedReset Disc<\/td>\n3.97 %<\/td>\n3.96 %<\/td>\n104,297<\/td>\n17.08<\/td>\n42<\/td>\n0.0021 %<\/td>\n2,838.4<\/td>\n<\/tr>\n
Insurance Straight<\/td>\n4.95 %<\/td>\n4.46 %<\/td>\n81,308<\/td>\n13.82<\/td>\n19<\/td>\n-0.3796 %<\/td>\n3,664.3<\/td>\n<\/tr>\n
FloatingReset<\/td>\n2.70 %<\/td>\n3.01 %<\/td>\n31,356<\/td>\n19.69<\/td>\n2<\/td>\n0.0593 %<\/td>\n2,740.2<\/td>\n<\/tr>\n
FixedReset Prem<\/td>\n4.70 %<\/td>\n2.90 %<\/td>\n119,387<\/td>\n1.80<\/td>\n28<\/td>\n-0.2180 %<\/td>\n2,735.7<\/td>\n<\/tr>\n
FixedReset Bank Non<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.0021 %<\/td>\n2,901.4<\/td>\n<\/tr>\n
FixedReset Ins Non<\/td>\n4.13 %<\/td>\n3.83 %<\/td>\n82,783<\/td>\n17.40<\/td>\n18<\/td>\n0.0024 %<\/td>\n2,942.6<\/td>\n<\/tr>\n<\/table>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\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
BAM.PR.K<\/td>\nFloater<\/td>\n-6.42 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2051-12-31
\nMaturity Price : 13.26
\nEvaluated at bid price : 13.26
\nBid-YTW : 3.23 %<\/td>\n<\/tr>\n
BNS.PR.I<\/td>\nFixedReset Prem<\/td>\n-5.25 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2051-12-31
\nMaturity Price : 23.69
\nEvaluated at bid price : 24.00
\nBid-YTW : 3.99 %<\/td>\n<\/tr>\n
CU.PR.G<\/td>\nPerpetual-Discount<\/td>\n-3.19 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2051-12-31
\nMaturity Price : 23.73
\nEvaluated at bid price : 24.00
\nBid-YTW : 4.72 %<\/td>\n<\/tr>\n
BAM.PR.R<\/td>\nFixedReset Disc<\/td>\n-2.89 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2051-12-31
\nMaturity Price : 19.51
\nEvaluated at bid price : 19.51
\nBid-YTW : 4.54 %<\/td>\n<\/tr>\n
GWO.PR.S<\/td>\nInsurance Straight<\/td>\n-2.53 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2051-12-31
\nMaturity Price : 24.74
\nEvaluated at bid price : 25.00
\nBid-YTW : 5.27 %<\/td>\n<\/tr>\n
MFC.PR.N<\/td>\nFixedReset Ins Non<\/td>\n-1.99 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2051-12-31
\nMaturity Price : 22.53
\nEvaluated at bid price : 23.20
\nBid-YTW : 3.88 %<\/td>\n<\/tr>\n
GWO.PR.F<\/td>\nInsurance Straight<\/td>\n-1.96 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2051-12-31
\nMaturity Price : 24.21
\nEvaluated at bid price : 24.50
\nBid-YTW : 6.05 %<\/td>\n<\/tr>\n
SLF.PR.E<\/td>\nInsurance Straight<\/td>\n-1.68 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2051-12-31
\nMaturity Price : 24.34
\nEvaluated at bid price : 24.65
\nBid-YTW : 4.57 %<\/td>\n<\/tr>\n
SLF.PR.G<\/td>\nFixedReset Ins Non<\/td>\n-1.60 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2051-12-31
\nMaturity Price : 17.25
\nEvaluated at bid price : 17.25
\nBid-YTW : 3.73 %<\/td>\n<\/tr>\n
SLF.PR.J<\/td>\nFloatingReset<\/td>\n-1.49 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2051-12-31
\nMaturity Price : 16.50
\nEvaluated at bid price : 16.50
\nBid-YTW : 2.37 %<\/td>\n<\/tr>\n
IFC.PR.G<\/td>\nFixedReset Ins Non<\/td>\n-1.47 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2051-12-31
\nMaturity Price : 23.63
\nEvaluated at bid price : 24.75
\nBid-YTW : 3.92 %<\/td>\n<\/tr>\n
BAM.PF.E<\/td>\nFixedReset Disc<\/td>\n-1.47 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2051-12-31
\nMaturity Price : 20.85
\nEvaluated at bid price : 20.85
\nBid-YTW : 4.59 %<\/td>\n<\/tr>\n
BAM.PR.M<\/td>\nPerpetual-Discount<\/td>\n-1.44 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2051-12-31
\nMaturity Price : 24.29
\nEvaluated at bid price : 24.60
\nBid-YTW : 4.84 %<\/td>\n<\/tr>\n
BMO.PR.Y<\/td>\nFixedReset Disc<\/td>\n-1.44 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2051-12-31
\nMaturity Price : 22.89
\nEvaluated at bid price : 24.00
\nBid-YTW : 3.96 %<\/td>\n<\/tr>\n
TD.PF.I<\/td>\nFixedReset Prem<\/td>\n-1.36 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2022-10-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.37
\nBid-YTW : 3.62 %<\/td>\n<\/tr>\n
BIP.PR.A<\/td>\nFixedReset Disc<\/td>\n-1.28 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2051-12-31
\nMaturity Price : 22.85
\nEvaluated at bid price : 23.88
\nBid-YTW : 4.88 %<\/td>\n<\/tr>\n
TRP.PR.G<\/td>\nFixedReset Disc<\/td>\n-1.26 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2051-12-31
\nMaturity Price : 22.62
\nEvaluated at bid price : 23.50
\nBid-YTW : 4.31 %<\/td>\n<\/tr>\n
BAM.PR.T<\/td>\nFixedReset Disc<\/td>\n-1.23 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2051-12-31
\nMaturity Price : 20.01
\nEvaluated at bid price : 20.01
\nBid-YTW : 4.55 %<\/td>\n<\/tr>\n
BAM.PR.N<\/td>\nPerpetual-Discount<\/td>\n-1.21 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2051-12-31
\nMaturity Price : 24.23
\nEvaluated at bid price : 24.53
\nBid-YTW : 4.85 %<\/td>\n<\/tr>\n
FTS.PR.G<\/td>\nFixedReset Disc<\/td>\n1.05 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2051-12-31
\nMaturity Price : 21.70
\nEvaluated at bid price : 22.15
\nBid-YTW : 3.98 %<\/td>\n<\/tr>\n
BAM.PR.Z<\/td>\nFixedReset Disc<\/td>\n1.13 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2051-12-31
\nMaturity Price : 23.61
\nEvaluated at bid price : 24.14
\nBid-YTW : 4.43 %<\/td>\n<\/tr>\n
TRP.PR.A<\/td>\nFixedReset Disc<\/td>\n1.13 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2051-12-31
\nMaturity Price : 18.72
\nEvaluated at bid price : 18.72
\nBid-YTW : 4.39 %<\/td>\n<\/tr>\n
CM.PR.Q<\/td>\nFixedReset Disc<\/td>\n1.23 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2025-07-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 24.60
\nBid-YTW : 3.57 %<\/td>\n<\/tr>\n
BAM.PR.X<\/td>\nFixedReset Disc<\/td>\n1.26 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2051-12-31
\nMaturity Price : 17.72
\nEvaluated at bid price : 17.72
\nBid-YTW : 4.40 %<\/td>\n<\/tr>\n
BAM.PF.B<\/td>\nFixedReset Disc<\/td>\n1.32 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2051-12-31
\nMaturity Price : 22.76
\nEvaluated at bid price : 23.06
\nBid-YTW : 4.34 %<\/td>\n<\/tr>\n
TRP.PR.F<\/td>\nFloatingReset<\/td>\n1.59 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2051-12-31
\nMaturity Price : 17.26
\nEvaluated at bid price : 17.26
\nBid-YTW : 3.01 %<\/td>\n<\/tr>\n
BAM.PR.C<\/td>\nFloater<\/td>\n1.93 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2051-12-31
\nMaturity Price : 14.27
\nEvaluated at bid price : 14.27
\nBid-YTW : 3.00 %<\/td>\n<\/tr>\n
MFC.PR.L<\/td>\nFixedReset Ins Non<\/td>\n2.79 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2051-12-31
\nMaturity Price : 22.18
\nEvaluated at bid price : 22.51
\nBid-YTW : 3.90 %<\/td>\n<\/tr>\n
PWF.PR.P<\/td>\nFixedReset Disc<\/td>\n3.13 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2051-12-31
\nMaturity Price : 17.80
\nEvaluated at bid price : 17.80
\nBid-YTW : 3.87 %<\/td>\n<\/tr>\n
MFC.PR.F<\/td>\nFixedReset Ins Non<\/td>\n4.81 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2051-12-31
\nMaturity Price : 18.08
\nEvaluated at bid price : 18.08
\nBid-YTW : 3.67 %<\/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.R<\/td>\nFixedReset Ins Non<\/td>\n68,778<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2022-03-19
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.17
\nBid-YTW : 2.40 %<\/td>\n<\/tr>\n
RY.PR.S<\/td>\nFixedReset Prem<\/td>\n38,200<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2051-12-31
\nMaturity Price : 23.72
\nEvaluated at bid price : 25.50
\nBid-YTW : 3.64 %<\/td>\n<\/tr>\n
FTS.PR.M<\/td>\nFixedReset Disc<\/td>\n36,580<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2051-12-31
\nMaturity Price : 22.35
\nEvaluated at bid price : 22.85
\nBid-YTW : 4.17 %<\/td>\n<\/tr>\n
BNS.PR.H<\/td>\nFixedReset Prem<\/td>\n24,403<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2022-02-25
\nMaturity Price : 25.00
\nEvaluated at bid price : 24.99
\nBid-YTW : 2.79 %<\/td>\n<\/tr>\n
TD.PF.C<\/td>\nFixedReset Disc<\/td>\n21,730<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2051-12-31
\nMaturity Price : 23.10
\nEvaluated at bid price : 24.30
\nBid-YTW : 3.67 %<\/td>\n<\/tr>\n
TRP.PR.C<\/td>\nFixedReset Disc<\/td>\n19,537<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2051-12-31
\nMaturity Price : 15.50
\nEvaluated at bid price : 15.50
\nBid-YTW : 4.30 %<\/td>\n<\/tr>\n
There were 17 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.G<\/td>\nFixedReset Ins Non<\/td>\nQuote: 17.25 – 19.00
\nSpot Rate : 1.7500
\nAverage : 1.0594<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2051-12-31
\nMaturity Price : 17.25
\nEvaluated at bid price : 17.25
\nBid-YTW : 3.73 %<\/td>\n<\/tr>\n

BNS.PR.I<\/td>\nFixedReset Prem<\/td>\nQuote: 24.00 – 25.65
\nSpot Rate : 1.6500
\nAverage : 1.0042<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2051-12-31
\nMaturity Price : 23.69
\nEvaluated at bid price : 24.00
\nBid-YTW : 3.99 %<\/td>\n<\/tr>\n

GWO.PR.F<\/td>\nInsurance Straight<\/td>\nQuote: 24.50 – 25.50
\nSpot Rate : 1.0000
\nAverage : 0.5278<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2051-12-31
\nMaturity Price : 24.21
\nEvaluated at bid price : 24.50
\nBid-YTW : 6.05 %<\/td>\n<\/tr>\n

GWO.PR.L<\/td>\nInsurance Straight<\/td>\nQuote: 25.55 – 26.55
\nSpot Rate : 1.0000
\nAverage : 0.5457<\/p>\n

YTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2022-01-30
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.55
\nBid-YTW : -19.81 %<\/td>\n<\/tr>\n

BAM.PR.K<\/td>\nFloater<\/td>\nQuote: 13.26 – 14.30
\nSpot Rate : 1.0400
\nAverage : 0.6438<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2051-12-31
\nMaturity Price : 13.26
\nEvaluated at bid price : 13.26
\nBid-YTW : 3.23 %<\/td>\n<\/tr>\n

TRP.PR.E<\/td>\nFixedReset Disc<\/td>\nQuote: 20.85 – 21.85
\nSpot Rate : 1.0000
\nAverage : 0.6284<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2051-12-31
\nMaturity Price : 20.85
\nEvaluated at bid price : 20.85
\nBid-YTW : 4.41 %<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

HIMIPref™ Preferred IndicesThese values reflect the December 2008 revision of the HIMIPref™ IndicesValues are provisional and are finalized monthly Index MeanCurrentYield(at bid) MedianYTW MedianAverageTradingValue MedianMod Dur(YTW) Issues Day’s Perf. Index Value Ratchet 3.05 % 3.53 …<\/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-42845","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/42845","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=42845"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/42845\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=42845"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=42845"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=42845"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}