{"id":45903,"date":"2023-10-18T11:17:21","date_gmt":"2023-10-18T16:17:21","guid":{"rendered":"https:\/\/prefblog.com\/?p=45903"},"modified":"2023-10-18T11:17:21","modified_gmt":"2023-10-18T16:17:21","slug":"october-17-2023","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=45903","title":{"rendered":"October 17, 2023"},"content":{"rendered":"

So on the one hand, this is very late and that makes me sad. On the other hand, I had an excellent dinner last night with a dear friend and that makes me happy. So call it a wash.<\/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-0.9342 %<\/td>\n2,151.9<\/td>\n<\/tr>\n
FixedFloater<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.9342 %<\/td>\n4,127.3<\/td>\n<\/tr>\n
Floater<\/td>\n11.32 %<\/td>\n11.52 %<\/td>\n54,873<\/td>\n8.45<\/td>\n2<\/td>\n-0.9342 %<\/td>\n2,378.6<\/td>\n<\/tr>\n
OpRet<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.4956 %<\/td>\n3,277.4<\/td>\n<\/tr>\n
SplitShare<\/td>\n5.10 %<\/td>\n8.63 %<\/td>\n40,446<\/td>\n1.90<\/td>\n7<\/td>\n0.4956 %<\/td>\n3,913.9<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.4956 %<\/td>\n3,053.8<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.0603 %<\/td>\n2,447.2<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n7.01 %<\/td>\n7.16 %<\/td>\n41,498<\/td>\n12.39<\/td>\n31<\/td>\n0.0603 %<\/td>\n2,668.6<\/td>\n<\/tr>\n
FixedReset Disc<\/td>\n6.11 %<\/td>\n9.34 %<\/td>\n102,377<\/td>\n10.55<\/td>\n55<\/td>\n-0.0913 %<\/td>\n2,091.5<\/td>\n<\/tr>\n
Insurance Straight<\/td>\n6.89 %<\/td>\n7.06 %<\/td>\n59,015<\/td>\n12.47<\/td>\n16<\/td>\n0.1225 %<\/td>\n2,609.0<\/td>\n<\/tr>\n
FloatingReset<\/td>\n11.06 %<\/td>\n11.27 %<\/td>\n36,228<\/td>\n8.61<\/td>\n1<\/td>\n-0.1326 %<\/td>\n2,422.3<\/td>\n<\/tr>\n
FixedReset Prem<\/td>\n4.76 %<\/td>\n5.30 %<\/td>\n391,600<\/td>\n0.12<\/td>\n1<\/td>\n0.0401 %<\/td>\n2,298.2<\/td>\n<\/tr>\n
FixedReset Bank Non<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.0913 %<\/td>\n2,138.0<\/td>\n<\/tr>\n
FixedReset Ins Non<\/td>\n6.27 %<\/td>\n9.17 %<\/td>\n65,149<\/td>\n10.83<\/td>\n14<\/td>\n-0.3905 %<\/td>\n2,265.4<\/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
PWF.PR.P<\/td>\nFixedReset Disc<\/td>\n-3.24 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-10-17
\nMaturity Price : 11.95
\nEvaluated at bid price : 11.95
\nBid-YTW : 10.76 %<\/td>\n<\/tr>\n
MFC.PR.F<\/td>\nFixedReset Ins Non<\/td>\n-3.00 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-10-17
\nMaturity Price : 12.95
\nEvaluated at bid price : 12.95
\nBid-YTW : 9.71 %<\/td>\n<\/tr>\n
GWO.PR.N<\/td>\nFixedReset Ins Non<\/td>\n-1.98 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-10-17
\nMaturity Price : 12.40
\nEvaluated at bid price : 12.40
\nBid-YTW : 9.81 %<\/td>\n<\/tr>\n
RY.PR.J<\/td>\nFixedReset Disc<\/td>\n-1.81 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-10-17
\nMaturity Price : 17.35
\nEvaluated at bid price : 17.35
\nBid-YTW : 9.58 %<\/td>\n<\/tr>\n
RY.PR.S<\/td>\nFixedReset Disc<\/td>\n-1.80 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-10-17
\nMaturity Price : 20.13
\nEvaluated at bid price : 20.13
\nBid-YTW : 8.40 %<\/td>\n<\/tr>\n
MFC.PR.I<\/td>\nFixedReset Ins Non<\/td>\n-1.75 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-10-17
\nMaturity Price : 19.06
\nEvaluated at bid price : 19.06
\nBid-YTW : 9.06 %<\/td>\n<\/tr>\n
BN.PR.X<\/td>\nFixedReset Disc<\/td>\n-1.68 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-10-17
\nMaturity Price : 12.85
\nEvaluated at bid price : 12.85
\nBid-YTW : 11.08 %<\/td>\n<\/tr>\n
RY.PR.M<\/td>\nFixedReset Disc<\/td>\n-1.61 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-10-17
\nMaturity Price : 16.45
\nEvaluated at bid price : 16.45
\nBid-YTW : 9.64 %<\/td>\n<\/tr>\n
BN.PR.K<\/td>\nFloater<\/td>\n-1.24 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-10-17
\nMaturity Price : 11.12
\nEvaluated at bid price : 11.12
\nBid-YTW : 11.55 %<\/td>\n<\/tr>\n
BN.PR.R<\/td>\nFixedReset Disc<\/td>\n-1.02 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-10-17
\nMaturity Price : 12.67
\nEvaluated at bid price : 12.67
\nBid-YTW : 11.52 %<\/td>\n<\/tr>\n
RY.PR.H<\/td>\nFixedReset Disc<\/td>\n1.01 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-10-17
\nMaturity Price : 18.00
\nEvaluated at bid price : 18.00
\nBid-YTW : 9.01 %<\/td>\n<\/tr>\n
SLF.PR.D<\/td>\nInsurance Straight<\/td>\n1.06 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-10-17
\nMaturity Price : 17.10
\nEvaluated at bid price : 17.10
\nBid-YTW : 6.58 %<\/td>\n<\/tr>\n
BN.PF.E<\/td>\nFixedReset Disc<\/td>\n1.42 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-10-17
\nMaturity Price : 14.25
\nEvaluated at bid price : 14.25
\nBid-YTW : 11.28 %<\/td>\n<\/tr>\n
FTS.PR.F<\/td>\nPerpetual-Discount<\/td>\n1.60 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-10-17
\nMaturity Price : 19.05
\nEvaluated at bid price : 19.05
\nBid-YTW : 6.54 %<\/td>\n<\/tr>\n
SLF.PR.E<\/td>\nInsurance Straight<\/td>\n2.20 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-10-17
\nMaturity Price : 17.20
\nEvaluated at bid price : 17.20
\nBid-YTW : 6.62 %<\/td>\n<\/tr>\n
BMO.PR.F<\/td>\nFixedReset Disc<\/td>\n2.35 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-10-17
\nMaturity Price : 23.29
\nEvaluated at bid price : 24.00
\nBid-YTW : 8.14 %<\/td>\n<\/tr>\n
PVS.PR.J<\/td>\nSplitShare<\/td>\n2.56 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2028-02-29
\nMaturity Price : 25.00
\nEvaluated at bid price : 21.20
\nBid-YTW : 8.85 %<\/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
MFC.PR.L<\/td>\nFixedReset Ins Non<\/td>\n137,301<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-10-17
\nMaturity Price : 17.95
\nEvaluated at bid price : 17.95
\nBid-YTW : 8.95 %<\/td>\n<\/tr>\n
BN.PF.E<\/td>\nFixedReset Disc<\/td>\n122,002<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-10-17
\nMaturity Price : 14.25
\nEvaluated at bid price : 14.25
\nBid-YTW : 11.28 %<\/td>\n<\/tr>\n
CM.PR.Q<\/td>\nFixedReset Disc<\/td>\n104,901<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-10-17
\nMaturity Price : 17.31
\nEvaluated at bid price : 17.31
\nBid-YTW : 9.37 %<\/td>\n<\/tr>\n
IFC.PR.A<\/td>\nFixedReset Ins Non<\/td>\n71,815<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-10-17
\nMaturity Price : 15.50
\nEvaluated at bid price : 15.50
\nBid-YTW : 9.17 %<\/td>\n<\/tr>\n
IFC.PR.C<\/td>\nFixedReset Ins Non<\/td>\n49,322<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-10-17
\nMaturity Price : 16.50
\nEvaluated at bid price : 16.50
\nBid-YTW : 9.40 %<\/td>\n<\/tr>\n
PWF.PF.A<\/td>\nPerpetual-Discount<\/td>\n34,301<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-10-17
\nMaturity Price : 15.80
\nEvaluated at bid price : 15.80
\nBid-YTW : 7.16 %<\/td>\n<\/tr>\n
There were 15 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.F<\/td>\nPerpetual-Discount<\/td>\nQuote: 16.49 – 18.28
\nSpot Rate : 1.7900
\nAverage : 1.3295<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-10-17
\nMaturity Price : 16.49
\nEvaluated at bid price : 16.49
\nBid-YTW : 6.95 %<\/td>\n<\/tr>\n

MFC.PR.Q<\/td>\nFixedReset Ins Non<\/td>\nQuote: 19.30 – 19.81
\nSpot Rate : 0.5100
\nAverage : 0.3744<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-10-17
\nMaturity Price : 19.30
\nEvaluated at bid price : 19.30
\nBid-YTW : 8.59 %<\/td>\n<\/tr>\n

BNS.PR.I<\/td>\nFixedReset Disc<\/td>\nQuote: 21.65 – 22.05
\nSpot Rate : 0.4000
\nAverage : 0.2735<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-10-17
\nMaturity Price : 21.37
\nEvaluated at bid price : 21.65
\nBid-YTW : 7.78 %<\/td>\n<\/tr>\n

RY.PR.O<\/td>\nPerpetual-Discount<\/td>\nQuote: 20.30 – 20.93
\nSpot Rate : 0.6300
\nAverage : 0.5166<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-10-17
\nMaturity Price : 20.30
\nEvaluated at bid price : 20.30
\nBid-YTW : 6.14 %<\/td>\n<\/tr>\n

FTS.PR.J<\/td>\nPerpetual-Discount<\/td>\nQuote: 18.03 – 18.40
\nSpot Rate : 0.3700
\nAverage : 0.2614<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-10-17
\nMaturity Price : 18.03
\nEvaluated at bid price : 18.03
\nBid-YTW : 6.71 %<\/td>\n<\/tr>\n

RY.PR.S<\/td>\nFixedReset Disc<\/td>\nQuote: 20.13 – 20.50
\nSpot Rate : 0.3700
\nAverage : 0.2661<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-10-17
\nMaturity Price : 20.13
\nEvaluated at bid price : 20.13
\nBid-YTW : 8.40 %<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

So on the one hand, this is very late and that makes me sad. On the other hand, I had an excellent dinner last night with a dear friend and that makes me happy. So …<\/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-45903","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/45903","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=45903"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/45903\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=45903"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=45903"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=45903"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}