{"id":48587,"date":"2017-07-06T22:22:00","date_gmt":"2017-07-07T02:22:00","guid":{"rendered":"https:\/\/prefblog.com\/?p=48587"},"modified":"2025-07-22T22:22:35","modified_gmt":"2025-07-23T02:22:35","slug":"july-6-2017","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=48587","title":{"rendered":"July 6, 2017"},"content":{"rendered":"

The BoC has a lot of people convinced there will be a hike next week<\/a>:<\/p>\n

In Canada, there is now an 89 per cent probability of a rate hike next week, marking a radical shift from negligible chances of a rate hike just a month ago.<\/p>\n<\/blockquote>\n

I’ll go along with that … certainly there has been no back-pedalling by the bank as the market has become progressively more sure that This Is It. But the fat lady hasn’t sung yet … if they stand pat, there will be carnage!<\/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>\n3.0627 %<\/td>\n2,313.4<\/td>\n<\/tr>\n
FixedFloater<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n3.0627 %<\/td>\n4,245.0<\/td>\n<\/tr>\n
Floater<\/td>\n3.42 %<\/td>\n3.45 %<\/td>\n76,901<\/td>\n18.67<\/td>\n3<\/td>\n3.0627 %<\/td>\n2,446.4<\/td>\n<\/tr>\n
OpRet<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.0313 %<\/td>\n3,070.7<\/td>\n<\/tr>\n
SplitShare<\/td>\n4.69 %<\/td>\n4.25 %<\/td>\n61,274<\/td>\n1.45<\/td>\n5<\/td>\n0.0313 %<\/td>\n3,667.1<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.0313 %<\/td>\n2,861.2<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.35 %<\/td>\n3.15 %<\/td>\n71,162<\/td>\n0.09<\/td>\n21<\/td>\n-0.0005 %<\/td>\n2,786.2<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n5.19 %<\/td>\n5.17 %<\/td>\n87,176<\/td>\n15.23<\/td>\n15<\/td>\n-0.5615 %<\/td>\n2,974.5<\/td>\n<\/tr>\n
FixedReset<\/td>\n4.36 %<\/td>\n4.30 %<\/td>\n189,127<\/td>\n6.43<\/td>\n97<\/td>\n-0.0957 %<\/td>\n2,384.1<\/td>\n<\/tr>\n
Deemed-Retractible<\/td>\n5.01 %<\/td>\n5.22 %<\/td>\n115,547<\/td>\n6.19<\/td>\n30<\/td>\n-0.1039 %<\/td>\n2,889.2<\/td>\n<\/tr>\n
FloatingReset<\/td>\n2.65 %<\/td>\n3.06 %<\/td>\n50,882<\/td>\n4.32<\/td>\n10<\/td>\n0.0999 %<\/td>\n2,592.3<\/td>\n<\/tr>\n<\/table>\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
HSE.PR.G<\/td>\nFixedReset<\/td>\n-2.16 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2047-07-06
\nMaturity Price : 22.96
\nEvaluated at bid price : 23.97
\nBid-YTW : 5.09 %<\/td>\n<\/tr>\n
BAM.PF.D<\/td>\nPerpetual-Discount<\/td>\n-2.01 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2047-07-06
\nMaturity Price : 22.61
\nEvaluated at bid price : 22.95
\nBid-YTW : 5.36 %<\/td>\n<\/tr>\n
BAM.PR.M<\/td>\nPerpetual-Discount<\/td>\n-1.82 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2047-07-06
\nMaturity Price : 21.84
\nEvaluated at bid price : 22.08
\nBid-YTW : 5.40 %<\/td>\n<\/tr>\n
BAM.PR.N<\/td>\nPerpetual-Discount<\/td>\n-1.73 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2047-07-06
\nMaturity Price : 21.87
\nEvaluated at bid price : 22.11
\nBid-YTW : 5.40 %<\/td>\n<\/tr>\n
BAM.PF.C<\/td>\nPerpetual-Discount<\/td>\n-1.39 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2047-07-06
\nMaturity Price : 22.31
\nEvaluated at bid price : 22.62
\nBid-YTW : 5.38 %<\/td>\n<\/tr>\n
NA.PR.W<\/td>\nFixedReset<\/td>\n-1.18 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2047-07-06
\nMaturity Price : 21.30
\nEvaluated at bid price : 21.30
\nBid-YTW : 4.36 %<\/td>\n<\/tr>\n
BAM.PF.I<\/td>\nFixedReset<\/td>\n-1.15 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2022-03-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.75
\nBid-YTW : 4.14 %<\/td>\n<\/tr>\n
MFC.PR.L<\/td>\nFixedReset<\/td>\n-1.12 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 21.11
\nBid-YTW : 6.36 %<\/td>\n<\/tr>\n
TRP.PR.H<\/td>\nFloatingReset<\/td>\n1.46 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2047-07-06
\nMaturity Price : 14.55
\nEvaluated at bid price : 14.55
\nBid-YTW : 3.42 %<\/td>\n<\/tr>\n
BAM.PR.T<\/td>\nFixedReset<\/td>\n1.85 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2047-07-06
\nMaturity Price : 20.37
\nEvaluated at bid price : 20.37
\nBid-YTW : 4.54 %<\/td>\n<\/tr>\n
BAM.PR.B<\/td>\nFloater<\/td>\n2.68 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2047-07-06
\nMaturity Price : 13.77
\nEvaluated at bid price : 13.77
\nBid-YTW : 3.45 %<\/td>\n<\/tr>\n
BAM.PR.C<\/td>\nFloater<\/td>\n3.07 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2047-07-06
\nMaturity Price : 13.77
\nEvaluated at bid price : 13.77
\nBid-YTW : 3.45 %<\/td>\n<\/tr>\n
BAM.PR.K<\/td>\nFloater<\/td>\n3.44 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2047-07-06
\nMaturity Price : 13.85
\nEvaluated at bid price : 13.85
\nBid-YTW : 3.43 %<\/td>\n<\/tr>\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
Traded<\/td>\n		Notes<\/td>\n<\/tr>\n
TD.PF.E<\/td>\nFixedReset<\/td>\n729,530<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2047-07-06
\nMaturity Price : 22.87
\nEvaluated at bid price : 23.88
\nBid-YTW : 4.34 %<\/td>\n<\/tr>\n
CM.PR.R<\/td>\nFixedReset<\/td>\n266,887<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2022-07-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.11
\nBid-YTW : 4.43 %<\/td>\n<\/tr>\n
TD.PF.B<\/td>\nFixedReset<\/td>\n167,773<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2047-07-06
\nMaturity Price : 21.39
\nEvaluated at bid price : 21.71
\nBid-YTW : 4.26 %<\/td>\n<\/tr>\n
TD.PF.H<\/td>\nFixedReset<\/td>\n111,993<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2021-10-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 26.04
\nBid-YTW : 3.73 %<\/td>\n<\/tr>\n
RY.PR.H<\/td>\nFixedReset<\/td>\n111,280<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2047-07-06
\nMaturity Price : 21.59
\nEvaluated at bid price : 22.00
\nBid-YTW : 4.25 %<\/td>\n<\/tr>\n
BAM.PR.Z<\/td>\nFixedReset<\/td>\n105,860<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2047-07-06
\nMaturity Price : 23.31
\nEvaluated at bid price : 24.08
\nBid-YTW : 4.56 %<\/td>\n<\/tr>\n
TRP.PR.E<\/td>\nFixedReset<\/td>\n103,600<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2047-07-06
\nMaturity Price : 22.13
\nEvaluated at bid price : 22.42
\nBid-YTW : 4.27 %<\/td>\n<\/tr>\n
There were 17 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.PR.T<\/td>\nFloatingReset<\/td>\nQuote: 24.40 – 25.33
\nSpot Rate : 0.9300
\nAverage : 0.5203<\/p>\n

YTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2022-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 24.40
\nBid-YTW : 2.71 %<\/td>\n<\/tr>\n

TD.PF.F<\/td>\nPerpetual-Premium<\/td>\nQuote: 25.06 – 25.39
\nSpot Rate : 0.3300
\nAverage : 0.2161<\/p>\n

YTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2024-10-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.06
\nBid-YTW : 4.83 %<\/td>\n<\/tr>\n

BAM.PF.I<\/td>\nFixedReset<\/td>\nQuote: 25.75 – 26.06
\nSpot Rate : 0.3100
\nAverage : 0.1975<\/p>\n

YTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2022-03-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.75
\nBid-YTW : 4.14 %<\/td>\n<\/tr>\n

BAM.PF.F<\/td>\nFixedReset<\/td>\nQuote: 23.95 – 24.25
\nSpot Rate : 0.3000
\nAverage : 0.1879<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2047-07-06
\nMaturity Price : 23.08
\nEvaluated at bid price : 23.95
\nBid-YTW : 4.48 %<\/td>\n<\/tr>\n

HSE.PR.G<\/td>\nFixedReset<\/td>\nQuote: 23.97 – 24.47
\nSpot Rate : 0.5000
\nAverage : 0.3911<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2047-07-06
\nMaturity Price : 22.96
\nEvaluated at bid price : 23.97
\nBid-YTW : 5.09 %<\/td>\n<\/tr>\n

EIT.PR.A<\/td>\nSplitShare<\/td>\nQuote: 25.90 – 26.20
\nSpot Rate : 0.3000
\nAverage : 0.1916<\/p>\n

YTW SCENARIO
\nMaturity Type : Soft Maturity
\nMaturity Date\t: 2024-03-14
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.90
\nBid-YTW : 4.25 %<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

The BoC has a lot of people convinced there will be a hike next week: In Canada, there is now an 89 per cent probability of a rate hike next week, marking a radical shift …<\/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-48587","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/48587","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=48587"}],"version-history":[{"count":1,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/48587\/revisions"}],"predecessor-version":[{"id":48588,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/48587\/revisions\/48588"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=48587"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=48587"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=48587"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}