Well, the struggle to address the commenting problem led to an upgrade nightmare, together with hosting and password nightmares to make things more interesting. But I hope that the ordeal is over and comments will work again … at least until next time!<\/p>\n\n
As usual, and as I had feared all along, the so-called upgrade to the new version of WordPress came with the imposition of a new editing interface that is a piece of shit, developed by a pack of 12-year-olds who consider “new” to be synonymous with “good”. So posts might look a little funny until I learn how to cope with this bullshit.\n\n\n
Update<\/b>: Dammit, commenting still doesn’t work. Back to the grind!<\/p>\n\n\n Well, the struggle to address the commenting problem led to an upgrade nightmare, together with hosting and password nightmares to make things more interesting. But I hope that the ordeal is over and comments will …<\/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-42945","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/42945","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=42945"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/42945\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=42945"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=42945"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=42945"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}HIMIPref\u2122 Preferred Indices
These values reflect the December 2008 revision of the HIMIPref\u2122 Indices<\/strong>
Values are provisional and are finalized monthly<\/td><\/tr>Index<\/td> Mean
Current
Yield
(at bid)<\/td>Median
YTW<\/td>Median
Average
Trading
Value<\/td>Median
Mod Dur
(YTW)<\/td>Issues<\/td> Day’s Perf.<\/td> Index Value<\/td><\/tr> Ratchet<\/td> 3.03 %<\/td> 3.50 %<\/td> 41,629<\/td> 20.09<\/td> 1<\/td> 0.7481 %<\/td> 2,877.6<\/td><\/tr> FixedFloater<\/td> 0.00 %<\/td> 0.00 %<\/td> 0<\/td> 0.00<\/td> 0<\/td> 1.5927 %<\/td> 5,530.9<\/td><\/tr> Floater<\/td> 2.88 %<\/td> 2.90 %<\/td> 49,602<\/td> 19.97<\/td> 3<\/td> 1.5927 %<\/td> 3,187.5<\/td><\/tr> OpRet<\/td> 0.00 %<\/td> 0.00 %<\/td> 0<\/td> 0.00<\/td> 0<\/td> 0.0065 %<\/td> 3,660.3<\/td><\/tr> SplitShare<\/td> 4.69 %<\/td> 4.55 %<\/td> 33,394<\/td> 3.55<\/td> 6<\/td> 0.0065 %<\/td> 4,371.1<\/td><\/tr> Interest-Bearing<\/td> 0.00 %<\/td> 0.00 %<\/td> 0<\/td> 0.00<\/td> 0<\/td> 0.0065 %<\/td> 3,410.5<\/td><\/tr> Perpetual-Premium<\/td> 5.18 %<\/td> -10.32 %<\/td> 58,102<\/td> 0.09<\/td> 24<\/td> 0.0623 %<\/td> 3,242.1<\/td><\/tr> Perpetual-Discount<\/td> 4.70 %<\/td> 4.80 %<\/td> 55,579<\/td> 15.77<\/td> 7<\/td> 0.8494 %<\/td> 3,871.5<\/td><\/tr> FixedReset Disc<\/td> 3.91 %<\/td> 4.10 %<\/td> 112,564<\/td> 16.68<\/td> 45<\/td> 0.4342 %<\/td> 2,887.4<\/td><\/tr> Insurance Straight<\/td> 4.90 %<\/td> 4.57 %<\/td> 86,659<\/td> 15.71<\/td> 17<\/td> 0.2238 %<\/td> 3,652.5<\/td><\/tr> FloatingReset<\/td> 2.87 %<\/td> 3.22 %<\/td> 46,302<\/td> 19.16<\/td> 2<\/td> 0.9503 %<\/td> 2,931.7<\/td><\/tr> FixedReset Prem<\/td> 4.73 %<\/td> 3.11 %<\/td> 104,385<\/td> 1.72<\/td> 25<\/td> 0.2986 %<\/td> 2,727.9<\/td><\/tr> FixedReset Bank Non<\/td> 0.00 %<\/td> 0.00 %<\/td> 0<\/td> 0.00<\/td> 0<\/td> 0.4342 %<\/td> 2,951.5<\/td><\/tr> FixedReset Ins Non<\/td> 4.09 %<\/td> 3.93 %<\/td> 70,000<\/td> 16.75<\/td> 17<\/td> 0.3753 %<\/td> 2,968.0<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n Performance Highlights<\/strong><\/td><\/tr> Issue<\/td> Index<\/td> Change<\/td> Notes<\/td><\/tr> CU.PR.C<\/td> FixedReset Disc<\/td> -3.00 %<\/td> YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-01-28 Maturity Price : 22.06 Evaluated at bid price : 22.65 Bid-YTW : 4.43 %<\/td><\/tr> BAM.PF.B<\/td> FixedReset Disc<\/td> -1.19 %<\/td> YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-01-28 Maturity Price : 22.94 Evaluated at bid price : 23.25 Bid-YTW : 4.60 %<\/td><\/tr> BAM.PR.E<\/td> Ratchet<\/td> 1.00 %<\/td> YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-01-28 Maturity Price : 25.00 Evaluated at bid price : 20.20 Bid-YTW : 3.50 %<\/td><\/tr> MFC.PR.L<\/td> FixedReset Ins Non<\/td> 1.01 %<\/td> YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-01-28 Maturity Price : 22.48 Evaluated at bid price : 22.94 Bid-YTW : 4.11 %<\/td><\/tr> SLF.PR.J<\/td> FloatingReset<\/td> 1.01 %<\/td> YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-01-28 Maturity Price : 17.93 Evaluated at bid price : 17.93 Bid-YTW : 2.55 %<\/td><\/tr> BIP.PR.A<\/td> FixedReset Disc<\/td> 1.04 %<\/td> YTW SCENARIO Maturity Type : Call Maturity Date : 2025-06-30 Maturity Price : 25.00 Evaluated at bid price : 24.35 Bid-YTW : 4.93 %<\/td><\/tr> CM.PR.Q<\/td> FixedReset Disc<\/td> 1.04 %<\/td> YTW SCENARIO Maturity Type : Call Maturity Date : 2025-07-31 Maturity Price : 25.00 Evaluated at bid price : 24.25 Bid-YTW : 4.09 %<\/td><\/tr> IFC.PR.G<\/td> FixedReset Ins Non<\/td> 1.05 %<\/td> YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-01-28 Maturity Price : 23.77 Evaluated at bid price : 25.03 Bid-YTW : 4.15 %<\/td><\/tr> TD.PF.J<\/td> FixedReset Prem<\/td> 1.11 %<\/td> YTW SCENARIO Maturity Type : Call Maturity Date : 2023-04-30 Maturity Price : 25.00 Evaluated at bid price : 25.58 Bid-YTW : 2.78 %<\/td><\/tr> CM.PR.Y<\/td> FixedReset Prem<\/td> 1.12 %<\/td> YTW SCENARIO Maturity Type : Call Maturity Date : 2024-07-31 Maturity Price : 25.00 Evaluated at bid price : 26.29 Bid-YTW : 3.02 %<\/td><\/tr> BMO.PR.T<\/td> FixedReset Disc<\/td> 1.12 %<\/td> YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-01-28 Maturity Price : 23.19 Evaluated at bid price : 24.32 Bid-YTW : 3.89 %<\/td><\/tr> TD.PF.L<\/td> FixedReset Prem<\/td> 1.17 %<\/td> YTW SCENARIO Maturity Type : Call Maturity Date : 2024-04-30 Maturity Price : 25.00 Evaluated at bid price : 26.00 Bid-YTW : 3.34 %<\/td><\/tr> BAM.PF.F<\/td> FixedReset Disc<\/td> 1.17 %<\/td> YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-01-28 Maturity Price : 23.13 Evaluated at bid price : 24.23 Bid-YTW : 4.51 %<\/td><\/tr> GWO.PR.H<\/td> Insurance Straight<\/td> 1.18 %<\/td> YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-01-28 Maturity Price : 24.64 Evaluated at bid price : 24.90 Bid-YTW : 4.91 %<\/td><\/tr> BAM.PR.C<\/td> Floater<\/td> 1.23 %<\/td> YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-01-28 Maturity Price : 14.80 Evaluated at bid price : 14.80 Bid-YTW : 2.91 %<\/td><\/tr> FTS.PR.K<\/td> FixedReset Disc<\/td> 1.24 %<\/td> YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-01-28 Maturity Price : 21.64 Evaluated at bid price : 22.07 Bid-YTW : 4.20 %<\/td><\/tr> BAM.PR.Z<\/td> FixedReset Disc<\/td> 1.46 %<\/td> YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-01-28 Maturity Price : 24.73 Evaluated at bid price : 25.06 Bid-YTW : 4.58 %<\/td><\/tr> TRP.PR.E<\/td> FixedReset Disc<\/td> 1.61 %<\/td> YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-01-28 Maturity Price : 21.47 Evaluated at bid price : 21.47 Bid-YTW : 4.59 %<\/td><\/tr> TD.PF.M<\/td> FixedReset Prem<\/td> 1.62 %<\/td> YTW SCENARIO Maturity Type : Call Maturity Date : 2024-07-31 Maturity Price : 25.00 Evaluated at bid price : 26.32 Bid-YTW : 2.91 %<\/td><\/tr> BAM.PR.K<\/td> Floater<\/td> 1.71 %<\/td> YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-01-28 Maturity Price : 14.87 Evaluated at bid price : 14.87 Bid-YTW : 2.90 %<\/td><\/tr> TRP.PR.C<\/td> FixedReset Disc<\/td> 1.77 %<\/td> YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-01-28 Maturity Price : 16.69 Evaluated at bid price : 16.69 Bid-YTW : 4.35 %<\/td><\/tr> BAM.PR.B<\/td> Floater<\/td> 1.84 %<\/td> YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-01-28 Maturity Price : 14.98 Evaluated at bid price : 14.98 Bid-YTW : 2.88 %<\/td><\/tr> FTS.PR.H<\/td> FixedReset Disc<\/td> 1.94 %<\/td> YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-01-28 Maturity Price : 17.33 Evaluated at bid price : 17.33 Bid-YTW : 4.15 %<\/td><\/tr> MFC.PR.F<\/td> FixedReset Ins Non<\/td> 2.46 %<\/td> YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-01-28 Maturity Price : 18.75 Evaluated at bid price : 18.75 Bid-YTW : 3.86 %<\/td><\/tr> CIU.PR.A<\/td> Perpetual-Discount<\/td> 3.19 %<\/td> YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-01-28 Maturity Price : 24.01 Evaluated at bid price : 24.26 Bid-YTW : 4.80 %<\/td><\/tr> TRP.PR.B<\/td> FixedReset Disc<\/td> 3.66 %<\/td> YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-01-28 Maturity Price : 14.73 Evaluated at bid price : 14.73 Bid-YTW : 4.56 %<\/td><\/tr> BAM.PF.E<\/td> FixedReset Disc<\/td> 3.79 %<\/td> YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-01-28 Maturity Price : 21.89 Evaluated at bid price : 22.21 Bid-YTW : 4.58 %<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n Volume Highlights<\/strong><\/td><\/tr> Issue<\/td> Index<\/td> Shares
Traded<\/td>Notes<\/td><\/tr> MFC.PR.R<\/td> FixedReset Ins Non<\/td> 138,700<\/td> YTW SCENARIO Maturity Type : Call Maturity Date : 2022-03-19 Maturity Price : 25.00 Evaluated at bid price : 25.25 Bid-YTW : 1.41 %<\/td><\/tr> MFC.PR.H<\/td> FixedReset Ins Non<\/td> 115,271<\/td> YTW SCENARIO Maturity Type : Call Maturity Date : 2022-03-19 Maturity Price : 25.00 Evaluated at bid price : 25.21 Bid-YTW : 1.62 %<\/td><\/tr> SLF.PR.J<\/td> FloatingReset<\/td> 55,000<\/td> YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-01-28 Maturity Price : 17.93 Evaluated at bid price : 17.93 Bid-YTW : 2.55 %<\/td><\/tr> FTS.PR.M<\/td> FixedReset Disc<\/td> 52,375<\/td> YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-01-28 Maturity Price : 22.80 Evaluated at bid price : 23.60 Bid-YTW : 4.30 %<\/td><\/tr> PWF.PR.S<\/td> Perpetual-Premium<\/td> 35,403<\/td> YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-01-28 Maturity Price : 24.67 Evaluated at bid price : 24.91 Bid-YTW : 4.83 %<\/td><\/tr> POW.PR.A<\/td> Perpetual-Premium<\/td> 28,048<\/td> YTW SCENARIO Maturity Type : Call Maturity Date : 2022-02-27 Maturity Price : 25.00 Evaluated at bid price : 25.65 Bid-YTW : -21.95 %<\/td><\/tr> There were 12 other index-included issues trading in excess of 10,000 shares.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n Wide Spread Highlights<\/strong><\/td><\/tr> Issue<\/td> Index<\/td> Quote Data and Yield Notes<\/td><\/tr> MIC.PR.A<\/td> Perpetual-Premium<\/td> Quote: 25.50 – 26.75 Spot Rate : 1.2500 Average : 0.8490 YTW SCENARIO Maturity Type : Call Maturity Date : 2030-03-31 Maturity Price : 25.00 Evaluated at bid price : 25.50 Bid-YTW : 5.19 %<\/td><\/tr> CU.PR.C<\/td> FixedReset Disc<\/td> Quote: 22.65 – 23.60 Spot Rate : 0.9500 Average : 0.5761 YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-01-28 Maturity Price : 22.06 Evaluated at bid price : 22.65 Bid-YTW : 4.43 %<\/td><\/tr> BAM.PR.C<\/td> Floater<\/td> Quote: 14.80 – 15.80 Spot Rate : 1.0000 Average : 0.6684 YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-01-28 Maturity Price : 14.80 Evaluated at bid price : 14.80 Bid-YTW : 2.91 %<\/td><\/tr> BAM.PR.X<\/td> FixedReset Disc<\/td> Quote: 18.45 – 19.22 Spot Rate : 0.7700 Average : 0.6204 YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-01-28 Maturity Price : 18.45 Evaluated at bid price : 18.45 Bid-YTW : 4.64 %<\/td><\/tr> BIP.PR.B<\/td> FixedReset Prem<\/td> Quote: 26.52 – 26.98 Spot Rate : 0.4600 Average : 0.3152 YTW SCENARIO Maturity Type : Call Maturity Date : 2025-12-31 Maturity Price : 25.00 Evaluated at bid price : 26.52 Bid-YTW : 3.96 %<\/td><\/tr> BAM.PF.G<\/td> FixedReset Disc<\/td> Quote: 23.05 – 23.64 Spot Rate : 0.5900 Average : 0.4657 YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-01-28 Maturity Price : 22.42 Evaluated at bid price : 23.05 Bid-YTW : 4.58 %<\/td><\/tr><\/tbody><\/table><\/figure>\n","protected":false},"excerpt":{"rendered":"