{"id":48540,"date":"2017-06-29T10:29:00","date_gmt":"2017-06-29T14:29:00","guid":{"rendered":"https:\/\/prefblog.com\/?p=48540"},"modified":"2025-07-22T10:30:42","modified_gmt":"2025-07-22T14:30:42","slug":"june-29-2017","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=48540","title":{"rendered":"June 29, 2017"},"content":{"rendered":"

Despite another bump in the GOC-5 yield<\/a> to 1.34%, the Canadian preferred share market didn’t do anything exciting today – another poke in the eye for those who like to talk about cause and effect on a daily basis. No worry, we can all simply nod our heads wisely and talk about “consolidation” and “profit taking”.<\/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>\n-0.9002 %<\/td>\n2,153.6<\/td>\n<\/tr>\n
FixedFloater<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.9002 %<\/td>\n3,951.7<\/td>\n<\/tr>\n
Floater<\/td>\n3.68 %<\/td>\n3.68 %<\/td>\n73,061<\/td>\n18.11<\/td>\n3<\/td>\n-0.9002 %<\/td>\n2,277.4<\/td>\n<\/tr>\n
OpRet<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.0157 %<\/td>\n3,061.6<\/td>\n<\/tr>\n
SplitShare<\/td>\n4.70 %<\/td>\n4.17 %<\/td>\n61,510<\/td>\n1.47<\/td>\n5<\/td>\n-0.0157 %<\/td>\n3,656.2<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.0157 %<\/td>\n2,852.7<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.31 %<\/td>\n2.99 %<\/td>\n67,729<\/td>\n0.09<\/td>\n25<\/td>\n0.0448 %<\/td>\n2,790.7<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n5.11 %<\/td>\n5.08 %<\/td>\n91,058<\/td>\n15.30<\/td>\n12<\/td>\n0.2193 %<\/td>\n3,007.4<\/td>\n<\/tr>\n
FixedReset<\/td>\n4.39 %<\/td>\n4.26 %<\/td>\n205,096<\/td>\n6.47<\/td>\n97<\/td>\n0.1673 %<\/td>\n2,374.4<\/td>\n<\/tr>\n
Deemed-Retractible<\/td>\n4.99 %<\/td>\n5.08 %<\/td>\n122,310<\/td>\n6.20<\/td>\n30<\/td>\n-0.0136 %<\/td>\n2,896.6<\/td>\n<\/tr>\n
FloatingReset<\/td>\n2.65 %<\/td>\n3.05 %<\/td>\n51,160<\/td>\n4.32<\/td>\n10<\/td>\n0.1889 %<\/td>\n2,583.6<\/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
BMO.PR.Q<\/td>\nFixedReset<\/td>\n-1.40 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2022-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 21.10
\nBid-YTW : 5.85 %<\/td>\n<\/tr>\n
BAM.PR.B<\/td>\nFloater<\/td>\n-1.31 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2047-06-29
\nMaturity Price : 12.81
\nEvaluated at bid price : 12.81
\nBid-YTW : 3.69 %<\/td>\n<\/tr>\n
BMO.PR.Y<\/td>\nFixedReset<\/td>\n-1.14 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2047-06-29
\nMaturity Price : 22.68
\nEvaluated at bid price : 23.45
\nBid-YTW : 4.27 %<\/td>\n<\/tr>\n
MFC.PR.M<\/td>\nFixedReset<\/td>\n1.01 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 22.09
\nBid-YTW : 5.73 %<\/td>\n<\/tr>\n
BAM.PR.X<\/td>\nFixedReset<\/td>\n1.25 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2047-06-29
\nMaturity Price : 17.00
\nEvaluated at bid price : 17.00
\nBid-YTW : 4.67 %<\/td>\n<\/tr>\n
BAM.PR.Z<\/td>\nFixedReset<\/td>\n1.28 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2047-06-29
\nMaturity Price : 22.93
\nEvaluated at bid price : 23.69
\nBid-YTW : 4.54 %<\/td>\n<\/tr>\n
BAM.PR.R<\/td>\nFixedReset<\/td>\n1.29 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2047-06-29
\nMaturity Price : 19.66
\nEvaluated at bid price : 19.66
\nBid-YTW : 4.49 %<\/td>\n<\/tr>\n
BAM.PR.T<\/td>\nFixedReset<\/td>\n1.82 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2047-06-29
\nMaturity Price : 20.15
\nEvaluated at bid price : 20.15
\nBid-YTW : 4.50 %<\/td>\n<\/tr>\n
CU.PR.C<\/td>\nFixedReset<\/td>\n2.06 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2047-06-29
\nMaturity Price : 21.82
\nEvaluated at bid price : 22.26
\nBid-YTW : 4.22 %<\/td>\n<\/tr>\n
BAM.PF.A<\/td>\nFixedReset<\/td>\n2.52 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2047-06-29
\nMaturity Price : 23.51
\nEvaluated at bid price : 23.98
\nBid-YTW : 4.44 %<\/td>\n<\/tr>\n
IFC.PR.A<\/td>\nFixedReset<\/td>\n3.48 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 18.75
\nBid-YTW : 7.60 %<\/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
BMO.PR.D<\/td>\nFixedReset<\/td>\n1,276,967<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2047-06-29
\nMaturity Price : 23.13
\nEvaluated at bid price : 24.94
\nBid-YTW : 4.41 %<\/td>\n<\/tr>\n
CM.PR.R<\/td>\nFixedReset<\/td>\n192,145<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2022-07-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.02
\nBid-YTW : 4.49 %<\/td>\n<\/tr>\n
RY.PR.R<\/td>\nFixedReset<\/td>\n109,537<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2021-08-24
\nMaturity Price : 25.00
\nEvaluated at bid price : 26.99
\nBid-YTW : 3.59 %<\/td>\n<\/tr>\n
W.PR.J<\/td>\nPerpetual-Premium<\/td>\n101,000<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2017-07-29
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.19
\nBid-YTW : -6.50 %<\/td>\n<\/tr>\n
SLF.PR.I<\/td>\nFixedReset<\/td>\n87,299<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 23.70
\nBid-YTW : 4.75 %<\/td>\n<\/tr>\n
TRP.PR.J<\/td>\nFixedReset<\/td>\n85,941<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2021-05-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 26.94
\nBid-YTW : 3.50 %<\/td>\n<\/tr>\n
There were 47 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
EML.PR.A<\/td>\nFixedReset<\/td>\nQuote: 26.62 – 27.10
\nSpot Rate : 0.4800
\nAverage : 0.2829<\/p>\n

YTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2021-04-17
\nMaturity Price : 25.00
\nEvaluated at bid price : 26.62
\nBid-YTW : 3.84 %<\/td>\n<\/tr>\n

TRP.PR.G<\/td>\nFixedReset<\/td>\nQuote: 24.06 – 24.50
\nSpot Rate : 0.4400
\nAverage : 0.2920<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2047-06-29
\nMaturity Price : 22.95
\nEvaluated at bid price : 24.06
\nBid-YTW : 4.35 %<\/td>\n<\/tr>\n

BMO.PR.Y<\/td>\nFixedReset<\/td>\nQuote: 23.45 – 23.70
\nSpot Rate : 0.2500
\nAverage : 0.1582<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2047-06-29
\nMaturity Price : 22.68
\nEvaluated at bid price : 23.45
\nBid-YTW : 4.27 %<\/td>\n<\/tr>\n

RY.PR.L<\/td>\nFixedReset<\/td>\nQuote: 25.36 – 25.60
\nSpot Rate : 0.2400
\nAverage : 0.1541<\/p>\n

YTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2019-02-24
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.36
\nBid-YTW : 3.63 %<\/td>\n<\/tr>\n

PWF.PR.T<\/td>\nFixedReset<\/td>\nQuote: 23.12 – 23.49
\nSpot Rate : 0.3700
\nAverage : 0.2937<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2047-06-29
\nMaturity Price : 22.72
\nEvaluated at bid price : 23.12
\nBid-YTW : 4.10 %<\/td>\n<\/tr>\n

TRP.PR.F<\/td>\nFloatingReset<\/td>\nQuote: 19.04 – 19.30
\nSpot Rate : 0.2600
\nAverage : 0.1845<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2047-06-29
\nMaturity Price : 19.04
\nEvaluated at bid price : 19.04
\nBid-YTW : 3.42 %<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Despite another bump in the GOC-5 yield to 1.34%, the Canadian preferred share market didn’t do anything exciting today – another poke in the eye for those who like to talk about cause and effect …<\/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-48540","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/48540","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=48540"}],"version-history":[{"count":1,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/48540\/revisions"}],"predecessor-version":[{"id":48541,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/48540\/revisions\/48541"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=48540"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=48540"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=48540"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}