{"id":45839,"date":"2023-10-02T19:06:36","date_gmt":"2023-10-03T00:06:36","guid":{"rendered":"https:\/\/prefblog.com\/?p=45839"},"modified":"2023-10-02T19:06:36","modified_gmt":"2023-10-03T00:06:36","slug":"october-2-2023","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=45839","title":{"rendered":"October 2, 2023"},"content":{"rendered":"

I don’t usually mention NCIB notices because they’re so often meaningless, but Assiduous Reader PL sent me a note about the FFH NCIB<\/a> today, so why not post it?<\/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>\n0.2235 %<\/td>\n2,166.4<\/td>\n<\/tr>\n
FixedFloater<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.2235 %<\/td>\n4,155.1<\/td>\n<\/tr>\n
Floater<\/td>\n11.24 %<\/td>\n11.41 %<\/td>\n34,092<\/td>\n8.56<\/td>\n2<\/td>\n0.2235 %<\/td>\n2,394.6<\/td>\n<\/tr>\n
OpRet<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-1.2471 %<\/td>\n3,288.8<\/td>\n<\/tr>\n
SplitShare<\/td>\n5.09 %<\/td>\n8.24 %<\/td>\n44,071<\/td>\n1.94<\/td>\n7<\/td>\n-1.2471 %<\/td>\n3,927.6<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-1.2471 %<\/td>\n3,064.4<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.1152 %<\/td>\n2,488.2<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n6.90 %<\/td>\n7.08 %<\/td>\n44,485<\/td>\n12.39<\/td>\n31<\/td>\n0.1152 %<\/td>\n2,713.3<\/td>\n<\/tr>\n
FixedReset Disc<\/td>\n6.03 %<\/td>\n9.21 %<\/td>\n100,981<\/td>\n10.64<\/td>\n56<\/td>\n0.1809 %<\/td>\n2,117.3<\/td>\n<\/tr>\n
Insurance Straight<\/td>\n6.86 %<\/td>\n6.97 %<\/td>\n57,637<\/td>\n12.61<\/td>\n16<\/td>\n-0.0870 %<\/td>\n2,620.0<\/td>\n<\/tr>\n
FloatingReset<\/td>\n11.14 %<\/td>\n11.30 %<\/td>\n39,878<\/td>\n8.63<\/td>\n1<\/td>\n1.0884 %<\/td>\n2,390.1<\/td>\n<\/tr>\n
FixedReset Prem<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n1<\/td>\n0.1809 %<\/td>\n2,320.4<\/td>\n<\/tr>\n
FixedReset Bank Non<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.1809 %<\/td>\n2,164.3<\/td>\n<\/tr>\n
FixedReset Ins Non<\/td>\n6.32 %<\/td>\n9.04 %<\/td>\n59,273<\/td>\n10.98<\/td>\n13<\/td>\n-0.1225 %<\/td>\n2,283.7<\/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
Performance Highlights<\/strong><\/td>\n<\/tr>\n
Issue<\/td>\nIndex<\/td>\nChange<\/td>\nNotes<\/td>\n<\/tr>\n
PVS.PR.H<\/td>\nSplitShare<\/td>\n-3.88 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2027-02-28
\nMaturity Price : 25.00
\nEvaluated at bid price : 21.82
\nBid-YTW : 9.31 %<\/td>\n<\/tr>\n
PVS.PR.J<\/td>\nSplitShare<\/td>\n-2.47 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2028-02-29
\nMaturity Price : 25.00
\nEvaluated at bid price : 21.70
\nBid-YTW : 8.15 %<\/td>\n<\/tr>\n
POW.PR.D<\/td>\nPerpetual-Discount<\/td>\n-2.15 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-10-02
\nMaturity Price : 17.77
\nEvaluated at bid price : 17.77
\nBid-YTW : 7.08 %<\/td>\n<\/tr>\n
CU.PR.E<\/td>\nPerpetual-Discount<\/td>\n-2.12 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-10-02
\nMaturity Price : 17.56
\nEvaluated at bid price : 17.56
\nBid-YTW : 7.09 %<\/td>\n<\/tr>\n
PVS.PR.I<\/td>\nSplitShare<\/td>\n-2.10 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-10-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 23.35
\nBid-YTW : 8.50 %<\/td>\n<\/tr>\n
MFC.PR.K<\/td>\nFixedReset Ins Non<\/td>\n-1.71 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-10-02
\nMaturity Price : 19.55
\nEvaluated at bid price : 19.55
\nBid-YTW : 8.46 %<\/td>\n<\/tr>\n
NA.PR.S<\/td>\nFixedReset Disc<\/td>\n-1.31 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-10-02
\nMaturity Price : 18.10
\nEvaluated at bid price : 18.10
\nBid-YTW : 9.31 %<\/td>\n<\/tr>\n
CU.PR.J<\/td>\nPerpetual-Discount<\/td>\n-1.23 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-10-02
\nMaturity Price : 16.82
\nEvaluated at bid price : 16.82
\nBid-YTW : 7.17 %<\/td>\n<\/tr>\n
NA.PR.E<\/td>\nFixedReset Disc<\/td>\n1.00 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-10-02
\nMaturity Price : 20.15
\nEvaluated at bid price : 20.15
\nBid-YTW : 8.28 %<\/td>\n<\/tr>\n
SLF.PR.J<\/td>\nFloatingReset<\/td>\n1.09 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-10-02
\nMaturity Price : 14.86
\nEvaluated at bid price : 14.86
\nBid-YTW : 11.30 %<\/td>\n<\/tr>\n
BIK.PR.A<\/td>\nFixedReset Disc<\/td>\n1.16 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-10-02
\nMaturity Price : 21.00
\nEvaluated at bid price : 21.00
\nBid-YTW : 9.83 %<\/td>\n<\/tr>\n
CM.PR.T<\/td>\nFixedReset Disc<\/td>\n1.17 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-10-02
\nMaturity Price : 22.66
\nEvaluated at bid price : 23.35
\nBid-YTW : 8.05 %<\/td>\n<\/tr>\n
PWF.PR.T<\/td>\nFixedReset Disc<\/td>\n1.33 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-10-02
\nMaturity Price : 19.05
\nEvaluated at bid price : 19.05
\nBid-YTW : 8.93 %<\/td>\n<\/tr>\n
BN.PF.G<\/td>\nFixedReset Disc<\/td>\n1.89 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-10-02
\nMaturity Price : 14.55
\nEvaluated at bid price : 14.55
\nBid-YTW : 11.39 %<\/td>\n<\/tr>\n
BMO.PR.E<\/td>\nFixedReset Disc<\/td>\n2.65 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-10-02
\nMaturity Price : 22.41
\nEvaluated at bid price : 23.25
\nBid-YTW : 7.62 %<\/td>\n<\/tr>\n
CU.PR.D<\/td>\nPerpetual-Discount<\/td>\n6.11 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-10-02
\nMaturity Price : 17.71
\nEvaluated at bid price : 17.71
\nBid-YTW : 7.02 %<\/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
RY.PR.M<\/td>\nFixedReset Disc<\/td>\n55,700<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-10-02
\nMaturity Price : 16.75
\nEvaluated at bid price : 16.75
\nBid-YTW : 9.49 %<\/td>\n<\/tr>\n
RY.PR.J<\/td>\nFixedReset Disc<\/td>\n19,700<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-10-02
\nMaturity Price : 17.87
\nEvaluated at bid price : 17.87
\nBid-YTW : 9.32 %<\/td>\n<\/tr>\n
BMO.PR.S<\/td>\nFixedReset Disc<\/td>\n17,700<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-10-02
\nMaturity Price : 18.16
\nEvaluated at bid price : 18.16
\nBid-YTW : 9.15 %<\/td>\n<\/tr>\n
TD.PF.D<\/td>\nFixedReset Disc<\/td>\n15,800<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-10-02
\nMaturity Price : 17.67
\nEvaluated at bid price : 17.67
\nBid-YTW : 9.43 %<\/td>\n<\/tr>\n
RY.PR.H<\/td>\nFixedReset Disc<\/td>\n13,200<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-10-02
\nMaturity Price : 17.83
\nEvaluated at bid price : 17.83
\nBid-YTW : 9.12 %<\/td>\n<\/tr>\n
BMO.PR.E<\/td>\nFixedReset Disc<\/td>\n12,600<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-10-02
\nMaturity Price : 22.41
\nEvaluated at bid price : 23.25
\nBid-YTW : 7.62 %<\/td>\n<\/tr>\n
There were 3 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
CU.PR.C<\/td>\nFixedReset Disc<\/td>\nQuote: 17.36 – 21.72
\nSpot Rate : 4.3600
\nAverage : 2.6616<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-10-02
\nMaturity Price : 17.36
\nEvaluated at bid price : 17.36
\nBid-YTW : 9.21 %<\/td>\n<\/tr>\n

CU.PR.F<\/td>\nPerpetual-Discount<\/td>\nQuote: 16.41 – 18.43
\nSpot Rate : 2.0200
\nAverage : 1.1539<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-10-02
\nMaturity Price : 16.41
\nEvaluated at bid price : 16.41
\nBid-YTW : 6.96 %<\/td>\n<\/tr>\n

POW.PR.B<\/td>\nPerpetual-Discount<\/td>\nQuote: 19.05 – 23.00
\nSpot Rate : 3.9500
\nAverage : 3.1169<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-10-02
\nMaturity Price : 19.05
\nEvaluated at bid price : 19.05
\nBid-YTW : 7.06 %<\/td>\n<\/tr>\n

CU.PR.I<\/td>\nFixedReset Disc<\/td>\nQuote: 21.20 – 23.95
\nSpot Rate : 2.7500
\nAverage : 2.0839<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-10-02
\nMaturity Price : 21.20
\nEvaluated at bid price : 21.20
\nBid-YTW : 8.89 %<\/td>\n<\/tr>\n

PVS.PR.H<\/td>\nSplitShare<\/td>\nQuote: 21.82 – 23.00
\nSpot Rate : 1.1800
\nAverage : 0.8385<\/p>\n

YTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2027-02-28
\nMaturity Price : 25.00
\nEvaluated at bid price : 21.82
\nBid-YTW : 9.31 %<\/td>\n<\/tr>\n

TD.PF.C<\/td>\nFixedReset Disc<\/td>\nQuote: 17.40 – 18.24
\nSpot Rate : 0.8400
\nAverage : 0.5054<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-10-02
\nMaturity Price : 17.40
\nEvaluated at bid price : 17.40
\nBid-YTW : 9.23 %<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

I don’t usually mention NCIB notices because they’re so often meaningless, but Assiduous Reader PL sent me a note about the FFH NCIB today, so why not post it? HIMIPref\u2122 Preferred Indices These values reflect …<\/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-45839","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/45839","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=45839"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/45839\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=45839"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=45839"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=45839"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}