{"id":48000,"date":"2016-12-30T15:15:00","date_gmt":"2016-12-30T15:15:00","guid":{"rendered":"https:\/\/prefblog.com\/?p=48000"},"modified":"2025-06-30T15:16:16","modified_gmt":"2025-06-30T15:16:16","slug":"december-30-2016","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=48000","title":{"rendered":"December 30, 2016"},"content":{"rendered":"

And that’s a wrap for another year!<\/p>\n

2016 began with appalling performance<\/a> but since then we’ve done pretty well and all in all it’s been a pretty good year. Now we’ll see what 2017 will bring!<\/p>\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>\n0.1756 %<\/td>\n1,826.1<\/td>\n<\/tr>\n
FixedFloater<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.1756 %<\/td>\n3,335.9<\/td>\n<\/tr>\n
Floater<\/td>\n4.14 %<\/td>\n4.22 %<\/td>\n58,616<\/td>\n16.95<\/td>\n4<\/td>\n0.1756 %<\/td>\n1,922.5<\/td>\n<\/tr>\n
OpRet<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.1453 %<\/td>\n2,935.0<\/td>\n<\/tr>\n
SplitShare<\/td>\n4.83 %<\/td>\n4.73 %<\/td>\n58,456<\/td>\n4.26<\/td>\n6<\/td>\n-0.1453 %<\/td>\n3,505.0<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.1453 %<\/td>\n2,734.7<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.43 %<\/td>\n5.11 %<\/td>\n83,482<\/td>\n14.51<\/td>\n23<\/td>\n0.1396 %<\/td>\n2,675.6<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n5.41 %<\/td>\n5.45 %<\/td>\n102,461<\/td>\n14.71<\/td>\n15<\/td>\n0.5371 %<\/td>\n2,787.7<\/td>\n<\/tr>\n
FixedReset<\/td>\n4.69 %<\/td>\n4.54 %<\/td>\n242,628<\/td>\n6.77<\/td>\n96<\/td>\n0.1182 %<\/td>\n2,183.1<\/td>\n<\/tr>\n
Deemed-Retractible<\/td>\n5.15 %<\/td>\n4.54 %<\/td>\n131,006<\/td>\n4.51<\/td>\n32<\/td>\n0.2418 %<\/td>\n2,769.4<\/td>\n<\/tr>\n
FloatingReset<\/td>\n2.79 %<\/td>\n3.71 %<\/td>\n42,643<\/td>\n4.78<\/td>\n12<\/td>\n0.0629 %<\/td>\n2,348.2<\/td>\n<\/tr>\n<\/table>\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
GWO.PR.N<\/td>\nFixedReset<\/td>\n-1.47 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 14.10
\nBid-YTW : 10.44 %<\/td>\n<\/tr>\n
BAM.PR.X<\/td>\nFixedReset<\/td>\n-1.11 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2046-12-30
\nMaturity Price : 15.15
\nEvaluated at bid price : 15.15
\nBid-YTW : 4.97 %<\/td>\n<\/tr>\n
GWO.PR.R<\/td>\nDeemed-Retractible<\/td>\n1.03 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 22.53
\nBid-YTW : 6.42 %<\/td>\n<\/tr>\n
IFC.PR.A<\/td>\nFixedReset<\/td>\n1.06 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 17.18
\nBid-YTW : 8.51 %<\/td>\n<\/tr>\n
FTS.PR.H<\/td>\nFixedReset<\/td>\n1.08 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2046-12-30
\nMaturity Price : 14.10
\nEvaluated at bid price : 14.10
\nBid-YTW : 4.64 %<\/td>\n<\/tr>\n
TRP.PR.G<\/td>\nFixedReset<\/td>\n1.10 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2046-12-30
\nMaturity Price : 21.67
\nEvaluated at bid price : 21.97
\nBid-YTW : 4.64 %<\/td>\n<\/tr>\n
HSE.PR.A<\/td>\nFixedReset<\/td>\n1.21 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2046-12-30
\nMaturity Price : 13.40
\nEvaluated at bid price : 13.40
\nBid-YTW : 5.21 %<\/td>\n<\/tr>\n
IFC.PR.C<\/td>\nFixedReset<\/td>\n1.25 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 21.00
\nBid-YTW : 6.07 %<\/td>\n<\/tr>\n
BNS.PR.D<\/td>\nFloatingReset<\/td>\n1.31 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2022-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 20.17
\nBid-YTW : 5.83 %<\/td>\n<\/tr>\n
VNR.PR.A<\/td>\nFixedReset<\/td>\n1.83 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2046-12-30
\nMaturity Price : 20.00
\nEvaluated at bid price : 20.00
\nBid-YTW : 5.09 %<\/td>\n<\/tr>\n
TRP.PR.E<\/td>\nFixedReset<\/td>\n2.38 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2046-12-30
\nMaturity Price : 19.75
\nEvaluated at bid price : 19.75
\nBid-YTW : 4.58 %<\/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
BNS.PR.N<\/td>\nDeemed-Retractible<\/td>\n137,965<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2017-02-26
\nMaturity Price : 25.00
\nEvaluated at bid price : 24.98
\nBid-YTW : 2.78 %<\/td>\n<\/tr>\n
FTS.PR.J<\/td>\nPerpetual-Discount<\/td>\n50,800<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2046-12-30
\nMaturity Price : 22.21
\nEvaluated at bid price : 22.49
\nBid-YTW : 5.33 %<\/td>\n<\/tr>\n
HSE.PR.A<\/td>\nFixedReset<\/td>\n49,100<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2046-12-30
\nMaturity Price : 13.40
\nEvaluated at bid price : 13.40
\nBid-YTW : 5.21 %<\/td>\n<\/tr>\n
BAM.PR.Z<\/td>\nFixedReset<\/td>\n29,275<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2046-12-30
\nMaturity Price : 20.65
\nEvaluated at bid price : 20.65
\nBid-YTW : 5.06 %<\/td>\n<\/tr>\n
MFC.PR.R<\/td>\nFixedReset<\/td>\n21,996<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2022-03-19
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.15
\nBid-YTW : 4.86 %<\/td>\n<\/tr>\n
NA.PR.S<\/td>\nFixedReset<\/td>\n21,426<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2046-12-30
\nMaturity Price : 19.36
\nEvaluated at bid price : 19.36
\nBid-YTW : 4.67 %<\/td>\n<\/tr>\n
There were 8 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
IFC.PR.D<\/td>\nFloatingReset<\/td>\nQuote: 20.51 – 23.00
\nSpot Rate : 2.4900
\nAverage : 1.8057<\/p>\n

YTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 20.51
\nBid-YTW : 5.96 %<\/td>\n<\/tr>\n

BMO.PR.Z<\/td>\nPerpetual-Premium<\/td>\nQuote: 24.62 – 24.96
\nSpot Rate : 0.3400
\nAverage : 0.2105<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2046-12-30
\nMaturity Price : 24.22
\nEvaluated at bid price : 24.62
\nBid-YTW : 5.12 %<\/td>\n<\/tr>\n

TRP.PR.H<\/td>\nFloatingReset<\/td>\nQuote: 11.90 – 12.38
\nSpot Rate : 0.4800
\nAverage : 0.3516<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2046-12-30
\nMaturity Price : 11.90
\nEvaluated at bid price : 11.90
\nBid-YTW : 3.68 %<\/td>\n<\/tr>\n

NA.PR.S<\/td>\nFixedReset<\/td>\nQuote: 19.36 – 19.62
\nSpot Rate : 0.2600
\nAverage : 0.1479<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2046-12-30
\nMaturity Price : 19.36
\nEvaluated at bid price : 19.36
\nBid-YTW : 4.67 %<\/td>\n<\/tr>\n

BNS.PR.P<\/td>\nFixedReset<\/td>\nQuote: 24.61 – 24.90
\nSpot Rate : 0.2900
\nAverage : 0.1942<\/p>\n

YTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2022-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 24.61
\nBid-YTW : 3.54 %<\/td>\n<\/tr>\n

HSE.PR.C<\/td>\nFixedReset<\/td>\nQuote: 21.73 – 22.00
\nSpot Rate : 0.2700
\nAverage : 0.1786<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2046-12-30
\nMaturity Price : 21.40
\nEvaluated at bid price : 21.73
\nBid-YTW : 4.98 %<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

And that’s a wrap for another year! 2016 began with appalling performance but since then we’ve done pretty well and all in all it’s been a pretty good year. Now we’ll see what 2017 will …<\/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-48000","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/48000","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=48000"}],"version-history":[{"count":1,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/48000\/revisions"}],"predecessor-version":[{"id":48001,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/48000\/revisions\/48001"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=48000"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=48000"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=48000"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}