{"id":45188,"date":"2023-04-28T21:27:43","date_gmt":"2023-04-29T02:27:43","guid":{"rendered":"https:\/\/prefblog.com\/?p=45188"},"modified":"2023-04-28T21:27:43","modified_gmt":"2023-04-29T02:27:43","slug":"april-27-2023","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=45188","title":{"rendered":"April 27, 2023"},"content":{"rendered":"

Sorry this is so late! A month-end jam-up, coupled with a very enjoyable and excellent dinner with an old friend, conspired to cause delays. I won’t be posting the results for the 28th tonight, but I’ll catch up on the weekend, I promise! (… and there’s another month-end to do for the fund, too!)<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
HIMIPref\u2122 Preferred Indices
\nThese values reflect the December 2008 revision of the HIMIPref\u2122 Indices<\/strong>
\nValues are provisional and are finalized monthly<\/td>\n<\/tr>\n
Index<\/td>\nMean
\nCurrent
\nYield
\n(at bid)<\/td>\n		Median
\nYTW<\/td>\n		Median
\nAverage
\nTrading
\nValue<\/td>\n		Median
\nMod Dur
\n(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-0.2079 %<\/td>\n2,306.5<\/td>\n<\/tr>\n
FixedFloater<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.2079 %<\/td>\n4,423.9<\/td>\n<\/tr>\n
Floater<\/td>\n9.77 %<\/td>\n9.95 %<\/td>\n36,483<\/td>\n9.55<\/td>\n2<\/td>\n-0.2079 %<\/td>\n2,549.5<\/td>\n<\/tr>\n
OpRet<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.2135 %<\/td>\n3,368.3<\/td>\n<\/tr>\n
SplitShare<\/td>\n4.99 %<\/td>\n7.11 %<\/td>\n44,559<\/td>\n2.60<\/td>\n7<\/td>\n0.2135 %<\/td>\n4,022.5<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.2135 %<\/td>\n3,138.5<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.0938 %<\/td>\n2,763.4<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n6.17 %<\/td>\n6.23 %<\/td>\n53,927<\/td>\n13.58<\/td>\n34<\/td>\n0.0938 %<\/td>\n3,013.4<\/td>\n<\/tr>\n
FixedReset Disc<\/td>\n5.73 %<\/td>\n7.58 %<\/td>\n87,509<\/td>\n12.16<\/td>\n63<\/td>\n-0.0621 %<\/td>\n2,155.1<\/td>\n<\/tr>\n
Insurance Straight<\/td>\n6.07 %<\/td>\n6.15 %<\/td>\n70,006<\/td>\n13.67<\/td>\n19<\/td>\n0.2734 %<\/td>\n2,965.4<\/td>\n<\/tr>\n
FloatingReset<\/td>\n10.38 %<\/td>\n10.84 %<\/td>\n52,609<\/td>\n8.88<\/td>\n2<\/td>\n0.1015 %<\/td>\n2,401.7<\/td>\n<\/tr>\n
FixedReset Prem<\/td>\n6.94 %<\/td>\n6.54 %<\/td>\n339,733<\/td>\n12.85<\/td>\n1<\/td>\n-0.4717 %<\/td>\n2,329.3<\/td>\n<\/tr>\n
FixedReset Bank Non<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.0621 %<\/td>\n2,203.0<\/td>\n<\/tr>\n
FixedReset Ins Non<\/td>\n5.97 %<\/td>\n7.29 %<\/td>\n70,414<\/td>\n12.15<\/td>\n11<\/td>\n-0.0824 %<\/td>\n2,334.6<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\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
TD.PF.B<\/td>\nFixedReset Disc<\/td>\n-4.29 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-04-27
\nMaturity Price : 16.50
\nEvaluated at bid price : 16.50
\nBid-YTW : 7.97 %<\/td>\n<\/tr>\n
MFC.PR.L<\/td>\nFixedReset Ins Non<\/td>\n-3.80 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-04-27
\nMaturity Price : 15.96
\nEvaluated at bid price : 15.96
\nBid-YTW : 8.23 %<\/td>\n<\/tr>\n
RY.PR.J<\/td>\nFixedReset Disc<\/td>\n-1.78 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-04-27
\nMaturity Price : 18.17
\nEvaluated at bid price : 18.17
\nBid-YTW : 7.58 %<\/td>\n<\/tr>\n
BN.PR.X<\/td>\nFixedReset Disc<\/td>\n-1.45 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-04-27
\nMaturity Price : 14.32
\nEvaluated at bid price : 14.32
\nBid-YTW : 8.56 %<\/td>\n<\/tr>\n
BN.PR.T<\/td>\nFixedReset Disc<\/td>\n-1.44 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-04-27
\nMaturity Price : 13.70
\nEvaluated at bid price : 13.70
\nBid-YTW : 9.19 %<\/td>\n<\/tr>\n
BN.PF.I<\/td>\nFixedReset Disc<\/td>\n-1.39 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-04-27
\nMaturity Price : 19.82
\nEvaluated at bid price : 19.82
\nBid-YTW : 8.35 %<\/td>\n<\/tr>\n
TD.PF.E<\/td>\nFixedReset Disc<\/td>\n-1.19 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-04-27
\nMaturity Price : 18.29
\nEvaluated at bid price : 18.29
\nBid-YTW : 7.53 %<\/td>\n<\/tr>\n
CM.PR.Q<\/td>\nFixedReset Disc<\/td>\n1.01 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-04-27
\nMaturity Price : 18.01
\nEvaluated at bid price : 18.01
\nBid-YTW : 7.60 %<\/td>\n<\/tr>\n
MFC.PR.Q<\/td>\nFixedReset Ins Non<\/td>\n1.18 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-04-27
\nMaturity Price : 19.78
\nEvaluated at bid price : 19.78
\nBid-YTW : 7.29 %<\/td>\n<\/tr>\n
GWO.PR.P<\/td>\nInsurance Straight<\/td>\n1.31 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-04-27
\nMaturity Price : 21.43
\nEvaluated at bid price : 21.69
\nBid-YTW : 6.29 %<\/td>\n<\/tr>\n
TRP.PR.G<\/td>\nFixedReset Disc<\/td>\n1.44 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-04-27
\nMaturity Price : 16.75
\nEvaluated at bid price : 16.75
\nBid-YTW : 8.27 %<\/td>\n<\/tr>\n
PWF.PR.T<\/td>\nFixedReset Disc<\/td>\n1.45 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-04-27
\nMaturity Price : 17.47
\nEvaluated at bid price : 17.47
\nBid-YTW : 7.81 %<\/td>\n<\/tr>\n
IFC.PR.C<\/td>\nFixedReset Disc<\/td>\n1.59 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-04-27
\nMaturity Price : 17.88
\nEvaluated at bid price : 17.88
\nBid-YTW : 7.42 %<\/td>\n<\/tr>\n
RY.PR.N<\/td>\nPerpetual-Discount<\/td>\n1.61 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-04-27
\nMaturity Price : 21.52
\nEvaluated at bid price : 21.52
\nBid-YTW : 5.70 %<\/td>\n<\/tr>\n
MFC.PR.F<\/td>\nFixedReset Ins Non<\/td>\n2.04 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-04-27
\nMaturity Price : 12.50
\nEvaluated at bid price : 12.50
\nBid-YTW : 8.19 %<\/td>\n<\/tr>\n
FTS.PR.H<\/td>\nFixedReset Disc<\/td>\n2.32 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-04-27
\nMaturity Price : 12.80
\nEvaluated at bid price : 12.80
\nBid-YTW : 8.24 %<\/td>\n<\/tr>\n
BIP.PR.F<\/td>\nFixedReset Disc<\/td>\n3.76 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-04-27
\nMaturity Price : 19.30
\nEvaluated at bid price : 19.30
\nBid-YTW : 7.90 %<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n\n\n\n\n\n\n\n\n
Volume Highlights<\/strong><\/td>\n<\/tr>\n
Issue<\/td>\nIndex<\/td>\nShares
\nTraded<\/td>\n		Notes<\/td>\n<\/tr>\n
TD.PF.D<\/td>\nFixedReset Disc<\/td>\n71,727<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-04-27
\nMaturity Price : 18.20
\nEvaluated at bid price : 18.20
\nBid-YTW : 7.53 %<\/td>\n<\/tr>\n
RY.PR.J<\/td>\nFixedReset Disc<\/td>\n69,036<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-04-27
\nMaturity Price : 18.17
\nEvaluated at bid price : 18.17
\nBid-YTW : 7.58 %<\/td>\n<\/tr>\n
NA.PR.W<\/td>\nFixedReset Disc<\/td>\n61,892<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-04-27
\nMaturity Price : 16.88
\nEvaluated at bid price : 16.88
\nBid-YTW : 7.72 %<\/td>\n<\/tr>\n
BMO.PR.Y<\/td>\nFixedReset Disc<\/td>\n48,521<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-04-27
\nMaturity Price : 18.02
\nEvaluated at bid price : 18.02
\nBid-YTW : 7.51 %<\/td>\n<\/tr>\n
NA.PR.C<\/td>\nFixedReset Prem<\/td>\n47,103<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-04-27
\nMaturity Price : 23.30
\nEvaluated at bid price : 25.32
\nBid-YTW : 6.54 %<\/td>\n<\/tr>\n
BMO.PR.W<\/td>\nFixedReset Disc<\/td>\n44,400<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-04-27
\nMaturity Price : 17.15
\nEvaluated at bid price : 17.15
\nBid-YTW : 7.59 %<\/td>\n<\/tr>\n
There were 9 other index-included issues trading in excess of 10,000 shares.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\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
MFC.PR.Q<\/td>\nFixedReset Ins Non<\/td>\nQuote: 19.78 – 22.50
\nSpot Rate : 2.7200
\nAverage : 1.5239<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-04-27
\nMaturity Price : 19.78
\nEvaluated at bid price : 19.78
\nBid-YTW : 7.29 %<\/td>\n<\/tr>\n

CU.PR.G<\/td>\nPerpetual-Discount<\/td>\nQuote: 18.77 – 21.00
\nSpot Rate : 2.2300
\nAverage : 1.2934<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-04-27
\nMaturity Price : 18.77
\nEvaluated at bid price : 18.77
\nBid-YTW : 6.11 %<\/td>\n<\/tr>\n

GWO.PR.T<\/td>\nInsurance Straight<\/td>\nQuote: 20.95 – 22.40
\nSpot Rate : 1.4500
\nAverage : 1.0349<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-04-27
\nMaturity Price : 20.95
\nEvaluated at bid price : 20.95
\nBid-YTW : 6.23 %<\/td>\n<\/tr>\n

MFC.PR.L<\/td>\nFixedReset Ins Non<\/td>\nQuote: 15.96 – 17.08
\nSpot Rate : 1.1200
\nAverage : 0.7579<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-04-27
\nMaturity Price : 15.96
\nEvaluated at bid price : 15.96
\nBid-YTW : 8.23 %<\/td>\n<\/tr>\n

TD.PF.B<\/td>\nFixedReset Disc<\/td>\nQuote: 16.50 – 17.39
\nSpot Rate : 0.8900
\nAverage : 0.5334<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-04-27
\nMaturity Price : 16.50
\nEvaluated at bid price : 16.50
\nBid-YTW : 7.97 %<\/td>\n<\/tr>\n

FTS.PR.K<\/td>\nFixedReset Disc<\/td>\nQuote: 16.30 – 17.35
\nSpot Rate : 1.0500
\nAverage : 0.7672<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-04-27
\nMaturity Price : 16.30
\nEvaluated at bid price : 16.30
\nBid-YTW : 7.99 %<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Sorry this is so late! A month-end jam-up, coupled with a very enjoyable and excellent dinner with an old friend, conspired to cause delays. I won’t be posting the results for the 28th tonight, 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-45188","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/45188","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=45188"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/45188\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=45188"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=45188"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=45188"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}