{"id":47395,"date":"2024-09-24T20:47:29","date_gmt":"2024-09-25T01:47:29","guid":{"rendered":"https:\/\/prefblog.com\/?p=47395"},"modified":"2024-09-24T20:47:29","modified_gmt":"2024-09-25T01:47:29","slug":"september-24-2024","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=47395","title":{"rendered":"September 24, 2024"},"content":{"rendered":"

A day enlivened by the mostly unexpected extension of TD.PF.A<\/a>, and the consequently horrible performance of both it and TD.PF.C.<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
HIMIPref™ Preferred Indices
These values reflect the December 2008 revision of the HIMIPref™ Indices<\/strong>
Values are provisional and are finalized monthly<\/td>\n<\/tr>\n
Index<\/td>\nMean
Current
Yield
(at bid)<\/td>\n		Median
YTW<\/td>\n		Median
Average
Trading
Value<\/td>\n		Median
Mod Dur
(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>\n0.0875 %<\/td>\n2,182.8<\/td>\n<\/tr>\n
FixedFloater<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.0875 %<\/td>\n4,186.5<\/td>\n<\/tr>\n
Floater<\/td>\n9.86 %<\/td>\n9.96 %<\/td>\n84,593<\/td>\n9.62<\/td>\n2<\/td>\n0.0875 %<\/td>\n2,412.7<\/td>\n<\/tr>\n
OpRet<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.0305 %<\/td>\n3,553.0<\/td>\n<\/tr>\n
SplitShare<\/td>\n4.68 %<\/td>\n5.31 %<\/td>\n40,488<\/td>\n1.06<\/td>\n4<\/td>\n-0.0305 %<\/td>\n4,243.1<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.0305 %<\/td>\n3,310.6<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.0444 %<\/td>\n2,925.7<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n5.88 %<\/td>\n5.98 %<\/td>\n54,752<\/td>\n13.89<\/td>\n31<\/td>\n0.0444 %<\/td>\n3,190.3<\/td>\n<\/tr>\n
FixedReset Disc<\/td>\n5.50 %<\/td>\n6.62 %<\/td>\n116,283<\/td>\n12.94<\/td>\n58<\/td>\n-0.1900 %<\/td>\n2,655.6<\/td>\n<\/tr>\n
Insurance Straight<\/td>\n5.76 %<\/td>\n5.83 %<\/td>\n64,750<\/td>\n14.18<\/td>\n20<\/td>\n-0.0416 %<\/td>\n3,139.7<\/td>\n<\/tr>\n
FloatingReset<\/td>\n8.35 %<\/td>\n8.42 %<\/td>\n31,995<\/td>\n11.00<\/td>\n2<\/td>\n-0.0522 %<\/td>\n2,744.1<\/td>\n<\/tr>\n
FixedReset Prem<\/td>\n6.45 %<\/td>\n5.55 %<\/td>\n212,695<\/td>\n13.54<\/td>\n7<\/td>\n0.0780 %<\/td>\n2,568.7<\/td>\n<\/tr>\n
FixedReset Bank Non<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.1900 %<\/td>\n2,714.6<\/td>\n<\/tr>\n
FixedReset Ins Non<\/td>\n5.20 %<\/td>\n5.95 %<\/td>\n99,931<\/td>\n14.04<\/td>\n14<\/td>\n0.8539 %<\/td>\n2,827.3<\/td>\n<\/tr>\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\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.A<\/td>\nFixedReset Disc<\/td>\n-7.34 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-09-24
\nMaturity Price : 22.11
\nEvaluated at bid price : 22.72
\nBid-YTW : 5.53 %<\/td>\n<\/tr>\n
TD.PF.C<\/td>\nFixedReset Disc<\/td>\n-5.02 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-09-24
\nMaturity Price : 22.09
\nEvaluated at bid price : 22.70
\nBid-YTW : 5.53 %<\/td>\n<\/tr>\n
SLF.PR.C<\/td>\nInsurance Straight<\/td>\n-4.73 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-09-24
\nMaturity Price : 19.72
\nEvaluated at bid price : 19.72
\nBid-YTW : 5.68 %<\/td>\n<\/tr>\n
TD.PF.D<\/td>\nFixedReset Disc<\/td>\n-4.05 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-09-24
\nMaturity Price : 22.24
\nEvaluated at bid price : 23.00
\nBid-YTW : 5.92 %<\/td>\n<\/tr>\n
RY.PR.M<\/td>\nFixedReset Disc<\/td>\n-3.11 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-09-24
\nMaturity Price : 22.58
\nEvaluated at bid price : 23.06
\nBid-YTW : 5.66 %<\/td>\n<\/tr>\n
MFC.PR.B<\/td>\nInsurance Straight<\/td>\n-2.91 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-09-24
\nMaturity Price : 20.00
\nEvaluated at bid price : 20.00
\nBid-YTW : 5.86 %<\/td>\n<\/tr>\n
MFC.PR.M<\/td>\nFixedReset Ins Non<\/td>\n-2.35 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-09-24
\nMaturity Price : 21.20
\nEvaluated at bid price : 21.20
\nBid-YTW : 6.06 %<\/td>\n<\/tr>\n
MFC.PR.N<\/td>\nFixedReset Ins Non<\/td>\n-1.78 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-09-24
\nMaturity Price : 20.93
\nEvaluated at bid price : 20.93
\nBid-YTW : 6.04 %<\/td>\n<\/tr>\n
BN.PR.N<\/td>\nPerpetual-Discount<\/td>\n-1.63 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-09-24
\nMaturity Price : 19.32
\nEvaluated at bid price : 19.32
\nBid-YTW : 6.19 %<\/td>\n<\/tr>\n
FFH.PR.K<\/td>\nFixedReset Disc<\/td>\n-1.57 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-09-24
\nMaturity Price : 21.59
\nEvaluated at bid price : 22.00
\nBid-YTW : 6.91 %<\/td>\n<\/tr>\n
RY.PR.J<\/td>\nFixedReset Disc<\/td>\n-1.36 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-09-24
\nMaturity Price : 23.17
\nEvaluated at bid price : 23.85
\nBid-YTW : 5.68 %<\/td>\n<\/tr>\n
TD.PF.E<\/td>\nFixedReset Disc<\/td>\n-1.35 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-09-24
\nMaturity Price : 22.88
\nEvaluated at bid price : 23.40
\nBid-YTW : 5.87 %<\/td>\n<\/tr>\n
PWF.PR.S<\/td>\nPerpetual-Discount<\/td>\n-1.34 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-09-24
\nMaturity Price : 20.57
\nEvaluated at bid price : 20.57
\nBid-YTW : 5.94 %<\/td>\n<\/tr>\n
BMO.PR.W<\/td>\nFixedReset Disc<\/td>\n-1.30 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-09-24
\nMaturity Price : 23.22
\nEvaluated at bid price : 24.30
\nBid-YTW : 5.10 %<\/td>\n<\/tr>\n
CM.PR.P<\/td>\nFixedReset Disc<\/td>\n-1.28 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-09-24
\nMaturity Price : 23.03
\nEvaluated at bid price : 23.90
\nBid-YTW : 5.23 %<\/td>\n<\/tr>\n
RY.PR.O<\/td>\nPerpetual-Discount<\/td>\n-1.12 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-09-24
\nMaturity Price : 23.60
\nEvaluated at bid price : 23.89
\nBid-YTW : 5.17 %<\/td>\n<\/tr>\n
SLF.PR.D<\/td>\nInsurance Straight<\/td>\n-1.03 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-09-24
\nMaturity Price : 20.20
\nEvaluated at bid price : 20.20
\nBid-YTW : 5.54 %<\/td>\n<\/tr>\n
GWO.PR.S<\/td>\nInsurance Straight<\/td>\n1.04 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-09-24
\nMaturity Price : 22.12
\nEvaluated at bid price : 22.40
\nBid-YTW : 5.88 %<\/td>\n<\/tr>\n
BN.PF.B<\/td>\nFixedReset Disc<\/td>\n1.05 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-09-24
\nMaturity Price : 21.22
\nEvaluated at bid price : 21.22
\nBid-YTW : 6.66 %<\/td>\n<\/tr>\n
ENB.PF.C<\/td>\nFixedReset Disc<\/td>\n1.11 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-09-24
\nMaturity Price : 18.25
\nEvaluated at bid price : 18.25
\nBid-YTW : 7.42 %<\/td>\n<\/tr>\n
GWO.PR.Y<\/td>\nInsurance Straight<\/td>\n1.28 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-09-24
\nMaturity Price : 19.75
\nEvaluated at bid price : 19.75
\nBid-YTW : 5.73 %<\/td>\n<\/tr>\n
TD.PF.I<\/td>\nFixedReset Prem<\/td>\n1.49 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2027-10-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.90
\nBid-YTW : 5.40 %<\/td>\n<\/tr>\n
BN.PR.Z<\/td>\nFixedReset Disc<\/td>\n2.12 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-09-24
\nMaturity Price : 21.34
\nEvaluated at bid price : 21.65
\nBid-YTW : 6.73 %<\/td>\n<\/tr>\n
GWO.PR.Q<\/td>\nInsurance Straight<\/td>\n2.18 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-09-24
\nMaturity Price : 21.78
\nEvaluated at bid price : 22.02
\nBid-YTW : 5.87 %<\/td>\n<\/tr>\n
PWF.PR.P<\/td>\nFixedReset Disc<\/td>\n3.45 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-09-24
\nMaturity Price : 15.00
\nEvaluated at bid price : 15.00
\nBid-YTW : 6.97 %<\/td>\n<\/tr>\n
CCS.PR.C<\/td>\nInsurance Straight<\/td>\n3.66 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-09-24
\nMaturity Price : 21.25
\nEvaluated at bid price : 21.25
\nBid-YTW : 5.92 %<\/td>\n<\/tr>\n
SLF.PR.H<\/td>\nFixedReset Ins Non<\/td>\n5.00 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-09-24
\nMaturity Price : 18.90
\nEvaluated at bid price : 18.90
\nBid-YTW : 6.21 %<\/td>\n<\/tr>\n
BIP.PR.A<\/td>\nFixedReset Disc<\/td>\n12.37 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-09-24
\nMaturity Price : 21.35
\nEvaluated at bid price : 21.35
\nBid-YTW : 7.29 %<\/td>\n<\/tr>\n
CU.PR.G<\/td>\nPerpetual-Discount<\/td>\n12.50 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-09-24
\nMaturity Price : 18.00
\nEvaluated at bid price : 18.00
\nBid-YTW : 6.33 %<\/td>\n<\/tr>\n
IFC.PR.C<\/td>\nFixedReset Ins Non<\/td>\n17.24 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-09-24
\nMaturity Price : 20.95
\nEvaluated at bid price : 20.95
\nBid-YTW : 6.19 %<\/td>\n<\/tr>\n<\/table>\n\n\n\n\n\n\n\n\n\n\n
Volume Highlights<\/strong><\/td>\n<\/tr>\n
Issue<\/td>\nIndex<\/td>\nShares
Traded<\/td>\n		Notes<\/td>\n<\/tr>\n
NA.PR.W<\/td>\nFixedReset Disc<\/td>\n210,142<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-09-24
\nMaturity Price : 22.23
\nEvaluated at bid price : 22.95
\nBid-YTW : 5.45 %<\/td>\n<\/tr>\n
TD.PF.A<\/td>\nFixedReset Disc<\/td>\n173,620<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-09-24
\nMaturity Price : 22.11
\nEvaluated at bid price : 22.72
\nBid-YTW : 5.53 %<\/td>\n<\/tr>\n
MFC.PR.B<\/td>\nInsurance Straight<\/td>\n106,321<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-09-24
\nMaturity Price : 20.00
\nEvaluated at bid price : 20.00
\nBid-YTW : 5.86 %<\/td>\n<\/tr>\n
MFC.PR.M<\/td>\nFixedReset Ins Non<\/td>\n83,000<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-09-24
\nMaturity Price : 21.20
\nEvaluated at bid price : 21.20
\nBid-YTW : 6.06 %<\/td>\n<\/tr>\n
NA.PR.E<\/td>\nFixedReset Disc<\/td>\n65,515<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-09-24
\nMaturity Price : 23.25
\nEvaluated at bid price : 24.90
\nBid-YTW : 5.46 %<\/td>\n<\/tr>\n
RY.PR.M<\/td>\nFixedReset Disc<\/td>\n53,455<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-09-24
\nMaturity Price : 22.58
\nEvaluated at bid price : 23.06
\nBid-YTW : 5.66 %<\/td>\n<\/tr>\n
There were 19 other index-included issues trading in excess of 10,000 shares.<\/td>\n<\/tr>\n<\/table>\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
TD.PF.D<\/td>\nFixedReset Disc<\/td>\nQuote: 23.00 – 24.11
\nSpot Rate : 1.1100
\nAverage : 0.6694<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-09-24
\nMaturity Price : 22.24
\nEvaluated at bid price : 23.00
\nBid-YTW : 5.92 %<\/td>\n<\/tr>\n

MFC.PR.B<\/td>\nInsurance Straight<\/td>\nQuote: 20.00 – 20.94
\nSpot Rate : 0.9400
\nAverage : 0.5343<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-09-24
\nMaturity Price : 20.00
\nEvaluated at bid price : 20.00
\nBid-YTW : 5.86 %<\/td>\n<\/tr>\n

RY.PR.M<\/td>\nFixedReset Disc<\/td>\nQuote: 23.06 – 23.95
\nSpot Rate : 0.8900
\nAverage : 0.5259<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-09-24
\nMaturity Price : 22.58
\nEvaluated at bid price : 23.06
\nBid-YTW : 5.66 %<\/td>\n<\/tr>\n

SLF.PR.C<\/td>\nInsurance Straight<\/td>\nQuote: 19.72 – 20.55
\nSpot Rate : 0.8300
\nAverage : 0.4880<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-09-24
\nMaturity Price : 19.72
\nEvaluated at bid price : 19.72
\nBid-YTW : 5.68 %<\/td>\n<\/tr>\n

CU.PR.H<\/td>\nPerpetual-Discount<\/td>\nQuote: 22.56 – 23.34
\nSpot Rate : 0.7800
\nAverage : 0.5007<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-09-24
\nMaturity Price : 22.29
\nEvaluated at bid price : 22.56
\nBid-YTW : 5.87 %<\/td>\n<\/tr>\n

MFC.PR.N<\/td>\nFixedReset Ins Non<\/td>\nQuote: 20.93 – 21.65
\nSpot Rate : 0.7200
\nAverage : 0.4594<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-09-24
\nMaturity Price : 20.93
\nEvaluated at bid price : 20.93
\nBid-YTW : 6.04 %<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

A day enlivened by the mostly unexpected extension of TD.PF.A, and the consequently horrible performance of both it and TD.PF.C. HIMIPref™ Preferred IndicesThese values reflect the December 2008 revision of the HIMIPref™ IndicesValues are provisional …<\/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-47395","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/47395","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=47395"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/47395\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=47395"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=47395"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=47395"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}