{"id":46205,"date":"2023-12-28T20:44:37","date_gmt":"2023-12-29T01:44:37","guid":{"rendered":"https:\/\/prefblog.com\/?p=46205"},"modified":"2023-12-28T20:44:37","modified_gmt":"2023-12-29T01:44:37","slug":"december-28-2023","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=46205","title":{"rendered":"December 28, 2023"},"content":{"rendered":"

There was a decent little pop in the market today, as the end of tax-loss selling season reduced a certain amount of selling pressure. I think. You can never be sure!<\/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-0.0904 %<\/td>\n2,136.4<\/td>\n<\/tr>\n
FixedFloater<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.0904 %<\/td>\n4,097.6<\/td>\n<\/tr>\n
Floater<\/td>\n11.40 %<\/td>\n11.49 %<\/td>\n54,144<\/td>\n8.50<\/td>\n2<\/td>\n-0.0904 %<\/td>\n2,361.5<\/td>\n<\/tr>\n
OpRet<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.0954 %<\/td>\n3,376.3<\/td>\n<\/tr>\n
SplitShare<\/td>\n4.98 %<\/td>\n7.68 %<\/td>\n55,052<\/td>\n1.73<\/td>\n8<\/td>\n0.0954 %<\/td>\n4,032.1<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.0954 %<\/td>\n3,146.0<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.3794 %<\/td>\n2,547.3<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n6.75 %<\/td>\n6.90 %<\/td>\n64,551<\/td>\n12.71<\/td>\n33<\/td>\n0.3794 %<\/td>\n2,777.7<\/td>\n<\/tr>\n
FixedReset Disc<\/td>\n5.85 %<\/td>\n7.68 %<\/td>\n123,245<\/td>\n11.95<\/td>\n60<\/td>\n0.3139 %<\/td>\n2,222.8<\/td>\n<\/tr>\n
Insurance Straight<\/td>\n6.59 %<\/td>\n6.73 %<\/td>\n80,018<\/td>\n12.93<\/td>\n19<\/td>\n0.4296 %<\/td>\n2,745.2<\/td>\n<\/tr>\n
FloatingReset<\/td>\n10.67 %<\/td>\n10.90 %<\/td>\n36,770<\/td>\n8.89<\/td>\n3<\/td>\n0.0380 %<\/td>\n2,481.7<\/td>\n<\/tr>\n
FixedReset Prem<\/td>\n6.91 %<\/td>\n6.66 %<\/td>\n167,475<\/td>\n12.62<\/td>\n1<\/td>\n0.2367 %<\/td>\n2,532.3<\/td>\n<\/tr>\n
FixedReset Bank Non<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.3139 %<\/td>\n2,272.2<\/td>\n<\/tr>\n
FixedReset Ins Non<\/td>\n5.68 %<\/td>\n7.15 %<\/td>\n86,107<\/td>\n12.49<\/td>\n14<\/td>\n-0.0733 %<\/td>\n2,500.2<\/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\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
BIP.PR.A<\/td>\nFixedReset Disc<\/td>\n-2.36 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-12-28
\nMaturity Price : 16.56
\nEvaluated at bid price : 16.56
\nBid-YTW : 9.82 %<\/td>\n<\/tr>\n
CU.PR.C<\/td>\nFixedReset Disc<\/td>\n-1.92 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-12-28
\nMaturity Price : 17.86
\nEvaluated at bid price : 17.86
\nBid-YTW : 7.83 %<\/td>\n<\/tr>\n
IFC.PR.A<\/td>\nFixedReset Ins Non<\/td>\n-1.73 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-12-28
\nMaturity Price : 17.00
\nEvaluated at bid price : 17.00
\nBid-YTW : 7.28 %<\/td>\n<\/tr>\n
RY.PR.N<\/td>\nPerpetual-Discount<\/td>\n-1.69 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-12-28
\nMaturity Price : 21.00
\nEvaluated at bid price : 21.00
\nBid-YTW : 5.91 %<\/td>\n<\/tr>\n
BN.PF.G<\/td>\nFixedReset Disc<\/td>\n-1.42 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-12-28
\nMaturity Price : 15.96
\nEvaluated at bid price : 15.96
\nBid-YTW : 9.07 %<\/td>\n<\/tr>\n
IFC.PR.C<\/td>\nFixedReset Ins Non<\/td>\n-1.11 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-12-28
\nMaturity Price : 17.80
\nEvaluated at bid price : 17.80
\nBid-YTW : 7.66 %<\/td>\n<\/tr>\n
SLF.PR.C<\/td>\nInsurance Straight<\/td>\n-1.06 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-12-28
\nMaturity Price : 17.78
\nEvaluated at bid price : 17.78
\nBid-YTW : 6.30 %<\/td>\n<\/tr>\n
BMO.PR.Y<\/td>\nFixedReset Disc<\/td>\n1.04 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-12-28
\nMaturity Price : 18.50
\nEvaluated at bid price : 18.50
\nBid-YTW : 7.66 %<\/td>\n<\/tr>\n
RY.PR.J<\/td>\nFixedReset Disc<\/td>\n1.08 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-12-28
\nMaturity Price : 18.75
\nEvaluated at bid price : 18.75
\nBid-YTW : 7.69 %<\/td>\n<\/tr>\n
BMO.PR.S<\/td>\nFixedReset Disc<\/td>\n1.10 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-12-28
\nMaturity Price : 19.27
\nEvaluated at bid price : 19.27
\nBid-YTW : 7.26 %<\/td>\n<\/tr>\n
PWF.PR.O<\/td>\nPerpetual-Discount<\/td>\n1.18 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-12-28
\nMaturity Price : 21.50
\nEvaluated at bid price : 21.50
\nBid-YTW : 6.89 %<\/td>\n<\/tr>\n
POW.PR.A<\/td>\nPerpetual-Discount<\/td>\n1.23 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-12-28
\nMaturity Price : 20.50
\nEvaluated at bid price : 20.50
\nBid-YTW : 6.86 %<\/td>\n<\/tr>\n
GWO.PR.P<\/td>\nInsurance Straight<\/td>\n1.26 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-12-28
\nMaturity Price : 20.10
\nEvaluated at bid price : 20.10
\nBid-YTW : 6.77 %<\/td>\n<\/tr>\n
BN.PF.H<\/td>\nFixedReset Disc<\/td>\n1.38 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-12-28
\nMaturity Price : 19.89
\nEvaluated at bid price : 19.89
\nBid-YTW : 8.91 %<\/td>\n<\/tr>\n
IFC.PR.F<\/td>\nInsurance Straight<\/td>\n1.48 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-12-28
\nMaturity Price : 19.84
\nEvaluated at bid price : 19.84
\nBid-YTW : 6.73 %<\/td>\n<\/tr>\n
ELF.PR.H<\/td>\nPerpetual-Discount<\/td>\n1.51 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-12-28
\nMaturity Price : 20.10
\nEvaluated at bid price : 20.10
\nBid-YTW : 6.87 %<\/td>\n<\/tr>\n
NA.PR.W<\/td>\nFixedReset Disc<\/td>\n1.52 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-12-28
\nMaturity Price : 17.40
\nEvaluated at bid price : 17.40
\nBid-YTW : 7.80 %<\/td>\n<\/tr>\n
MFC.PR.K<\/td>\nFixedReset Ins Non<\/td>\n1.55 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-12-28
\nMaturity Price : 21.88
\nEvaluated at bid price : 22.34
\nBid-YTW : 6.42 %<\/td>\n<\/tr>\n
FTS.PR.K<\/td>\nFixedReset Disc<\/td>\n1.65 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-12-28
\nMaturity Price : 17.20
\nEvaluated at bid price : 17.20
\nBid-YTW : 7.77 %<\/td>\n<\/tr>\n
CM.PR.P<\/td>\nFixedReset Disc<\/td>\n1.70 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-12-28
\nMaturity Price : 17.36
\nEvaluated at bid price : 17.36
\nBid-YTW : 7.68 %<\/td>\n<\/tr>\n
BMO.PR.W<\/td>\nFixedReset Disc<\/td>\n1.75 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-12-28
\nMaturity Price : 17.45
\nEvaluated at bid price : 17.45
\nBid-YTW : 7.77 %<\/td>\n<\/tr>\n
RY.PR.M<\/td>\nFixedReset Disc<\/td>\n1.97 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-12-28
\nMaturity Price : 18.10
\nEvaluated at bid price : 18.10
\nBid-YTW : 7.64 %<\/td>\n<\/tr>\n
TD.PF.E<\/td>\nFixedReset Disc<\/td>\n2.21 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-12-28
\nMaturity Price : 19.00
\nEvaluated at bid price : 19.00
\nBid-YTW : 7.65 %<\/td>\n<\/tr>\n
CCS.PR.C<\/td>\nInsurance Straight<\/td>\n2.25 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-12-28
\nMaturity Price : 18.20
\nEvaluated at bid price : 18.20
\nBid-YTW : 6.92 %<\/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
FFH.PR.I<\/td>\nFixedReset Disc<\/td>\n103,300<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-12-28
\nMaturity Price : 16.15
\nEvaluated at bid price : 16.15
\nBid-YTW : 8.82 %<\/td>\n<\/tr>\n
CM.PR.P<\/td>\nFixedReset Disc<\/td>\n44,000<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-12-28
\nMaturity Price : 17.36
\nEvaluated at bid price : 17.36
\nBid-YTW : 7.68 %<\/td>\n<\/tr>\n
TD.PF.C<\/td>\nFixedReset Disc<\/td>\n43,400<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-12-28
\nMaturity Price : 17.95
\nEvaluated at bid price : 17.95
\nBid-YTW : 7.59 %<\/td>\n<\/tr>\n
TD.PF.B<\/td>\nFixedReset Disc<\/td>\n41,800<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-12-28
\nMaturity Price : 19.45
\nEvaluated at bid price : 19.45
\nBid-YTW : 7.10 %<\/td>\n<\/tr>\n
BN.PF.G<\/td>\nFixedReset Disc<\/td>\n34,442<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-12-28
\nMaturity Price : 15.96
\nEvaluated at bid price : 15.96
\nBid-YTW : 9.07 %<\/td>\n<\/tr>\n
BNS.PR.I<\/td>\nFixedReset Disc<\/td>\n17,440<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2024-01-27
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.20
\nBid-YTW : 5.14 %<\/td>\n<\/tr>\n
There were 1 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: 17.86 – 19.75
\nSpot Rate : 1.8900
\nAverage : 1.2796<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-12-28
\nMaturity Price : 17.86
\nEvaluated at bid price : 17.86
\nBid-YTW : 7.83 %<\/td>\n<\/tr>\n

PWF.PR.O<\/td>\nPerpetual-Discount<\/td>\nQuote: 21.50 – 22.90
\nSpot Rate : 1.4000
\nAverage : 0.8123<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-12-28
\nMaturity Price : 21.50
\nEvaluated at bid price : 21.50
\nBid-YTW : 6.89 %<\/td>\n<\/tr>\n

MFC.PR.J<\/td>\nFixedReset Ins Non<\/td>\nQuote: 22.70 – 23.50
\nSpot Rate : 0.8000
\nAverage : 0.4704<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-12-28
\nMaturity Price : 22.14
\nEvaluated at bid price : 22.70
\nBid-YTW : 6.55 %<\/td>\n<\/tr>\n

MFC.PR.L<\/td>\nFixedReset Ins Non<\/td>\nQuote: 18.87 – 19.78
\nSpot Rate : 0.9100
\nAverage : 0.5896<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-12-28
\nMaturity Price : 18.87
\nEvaluated at bid price : 18.87
\nBid-YTW : 7.15 %<\/td>\n<\/tr>\n

BN.PF.G<\/td>\nFixedReset Disc<\/td>\nQuote: 15.96 – 16.70
\nSpot Rate : 0.7400
\nAverage : 0.5080<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-12-28
\nMaturity Price : 15.96
\nEvaluated at bid price : 15.96
\nBid-YTW : 9.07 %<\/td>\n<\/tr>\n

PWF.PR.G<\/td>\nPerpetual-Discount<\/td>\nQuote: 22.14 – 22.70
\nSpot Rate : 0.5600
\nAverage : 0.3573<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-12-28
\nMaturity Price : 21.90
\nEvaluated at bid price : 22.14
\nBid-YTW : 6.79 %<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

There was a decent little pop in the market today, as the end of tax-loss selling season reduced a certain amount of selling pressure. I think. You can never be sure! HIMIPref\u2122 Preferred Indices These …<\/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-46205","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/46205","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=46205"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/46205\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=46205"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=46205"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=46205"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}