{"id":48780,"date":"2017-09-29T10:29:00","date_gmt":"2017-09-29T14:29:00","guid":{"rendered":"https:\/\/prefblog.com\/?p=48780"},"modified":"2025-07-25T10:29:54","modified_gmt":"2025-07-25T14:29:54","slug":"september-29-2017","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=48780","title":{"rendered":"September 29, 2017"},"content":{"rendered":"<p>That&#8217;s it for another month! It turned out pretty well, with TXPR up 1.36% &#8230; with roughly half that coming in the last two days!<\/p>\n<table border=\"1\">\n<tr>\n<td colspan=\"8\"><strong>HIMIPref&trade; Preferred Indices<br \/>These values reflect the December 2008 revision of the HIMIPref&trade; Indices<\/strong><br \/>Values are provisional and are finalized monthly<\/td>\n<\/tr>\n<tr>\n<td>Index<\/td>\n<td>Mean<br \/>Current<br \/>Yield<br \/>(at bid)<\/td>\n<td>Median<br \/>YTW<\/td>\n<td>Median<br \/>Average<br \/>Trading<br \/>Value<\/td>\n<td>Median<br \/>Mod Dur<br \/>(YTW)<\/td>\n<td>Issues<\/td>\n<td>Day&#8217;s Perf.<\/td>\n<td>Index Value<\/td>\n<\/tr>\n<tr>\n<td>Ratchet<\/td>\n<td>0.00 %<\/td>\n<td>0.00 %<\/td>\n<td>0<\/td>\n<td>0.00<\/td>\n<td>0<\/td>\n<td>-0.5614 %<\/td>\n<td>2,397.6<\/td>\n<\/tr>\n<tr>\n<td>FixedFloater<\/td>\n<td>0.00 %<\/td>\n<td>0.00 %<\/td>\n<td>0<\/td>\n<td>0.00<\/td>\n<td>0<\/td>\n<td>-0.5614 %<\/td>\n<td>4,399.4<\/td>\n<\/tr>\n<tr>\n<td>Floater<\/td>\n<td>3.95 %<\/td>\n<td>3.96 %<\/td>\n<td>94,574<\/td>\n<td>17.50<\/td>\n<td>3<\/td>\n<td>-0.5614 %<\/td>\n<td>2,535.4<\/td>\n<\/tr>\n<tr>\n<td>OpRet<\/td>\n<td>0.00 %<\/td>\n<td>0.00 %<\/td>\n<td>0<\/td>\n<td>0.00<\/td>\n<td>0<\/td>\n<td>0.0661 %<\/td>\n<td>3,066.7<\/td>\n<\/tr>\n<tr>\n<td>SplitShare<\/td>\n<td>4.76 %<\/td>\n<td>4.71 %<\/td>\n<td>87,444<\/td>\n<td>4.42<\/td>\n<td>6<\/td>\n<td>0.0661 %<\/td>\n<td>3,662.3<\/td>\n<\/tr>\n<tr>\n<td>Interest-Bearing<\/td>\n<td>0.00 %<\/td>\n<td>0.00 %<\/td>\n<td>0<\/td>\n<td>0.00<\/td>\n<td>0<\/td>\n<td>0.0661 %<\/td>\n<td>2,857.5<\/td>\n<\/tr>\n<tr>\n<td>Perpetual-Premium<\/td>\n<td>5.42 %<\/td>\n<td>4.84 %<\/td>\n<td>57,851<\/td>\n<td>5.78<\/td>\n<td>16<\/td>\n<td>0.1483 %<\/td>\n<td>2,785.3<\/td>\n<\/tr>\n<tr>\n<td>Perpetual-Discount<\/td>\n<td>5.35 %<\/td>\n<td>5.41 %<\/td>\n<td>72,851<\/td>\n<td>14.70<\/td>\n<td>19<\/td>\n<td>0.4020 %<\/td>\n<td>2,907.4<\/td>\n<\/tr>\n<tr>\n<td>FixedReset<\/td>\n<td>4.33 %<\/td>\n<td>4.52 %<\/td>\n<td>154,789<\/td>\n<td>6.13<\/td>\n<td>99<\/td>\n<td>0.5185 %<\/td>\n<td>2,427.6<\/td>\n<\/tr>\n<tr>\n<td>Deemed-Retractible<\/td>\n<td>5.13 %<\/td>\n<td>5.68 %<\/td>\n<td>101,429<\/td>\n<td>6.04<\/td>\n<td>30<\/td>\n<td>0.3361 %<\/td>\n<td>2,870.5<\/td>\n<\/tr>\n<tr>\n<td>FloatingReset<\/td>\n<td>2.83 %<\/td>\n<td>2.90 %<\/td>\n<td>51,774<\/td>\n<td>4.07<\/td>\n<td>8<\/td>\n<td>0.3003 %<\/td>\n<td>2,659.5<\/td>\n<\/tr>\n<\/table>\n<table border=\"1\">\n<tr>\n<td colspan=\"4\"><strong>Performance Highlights<\/strong><\/td>\n<\/tr>\n<tr>\n<td>Issue<\/td>\n<td>Index<\/td>\n<td>Change<\/td>\n<td>Notes<\/td>\n<\/tr>\n<tr>\n<td>BAM.PF.H<\/td>\n<td>FixedReset<\/td>\n<td>1.00 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Call<br \/>\nMaturity Date\t: 2020-12-31<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 26.24<br \/>\nBid-YTW : 3.39 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PF.B<\/td>\n<td>FixedReset<\/td>\n<td>1.00 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2047-09-29<br \/>\nMaturity Price  : 22.75<br \/>\nEvaluated at bid price : 23.17<br \/>\nBid-YTW : 4.75 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PF.A<\/td>\n<td>FixedReset<\/td>\n<td>1.00 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2047-09-29<br \/>\nMaturity Price  : 23.63<br \/>\nEvaluated at bid price : 24.16<br \/>\nBid-YTW : 4.84 %<\/td>\n<\/tr>\n<tr>\n<td>RY.PR.M<\/td>\n<td>FixedReset<\/td>\n<td>1.02 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2047-09-29<br \/>\nMaturity Price  : 22.83<br \/>\nEvaluated at bid price : 23.75<br \/>\nBid-YTW : 4.49 %<\/td>\n<\/tr>\n<tr>\n<td>PWF.PR.K<\/td>\n<td>Perpetual-Discount<\/td>\n<td>1.05 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2047-09-29<br \/>\nMaturity Price  : 22.82<br \/>\nEvaluated at bid price : 23.10<br \/>\nBid-YTW : 5.44 %<\/td>\n<\/tr>\n<tr>\n<td>SLF.PR.H<\/td>\n<td>FixedReset<\/td>\n<td>1.07 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Hard Maturity<br \/>\nMaturity Date\t: 2025-01-31<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 20.85<br \/>\nBid-YTW : 6.19 %<\/td>\n<\/tr>\n<tr>\n<td>POW.PR.D<\/td>\n<td>Perpetual-Discount<\/td>\n<td>1.08 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2047-09-29<br \/>\nMaturity Price  : 23.20<br \/>\nEvaluated at bid price : 23.50<br \/>\nBid-YTW : 5.32 %<\/td>\n<\/tr>\n<tr>\n<td>HSE.PR.C<\/td>\n<td>FixedReset<\/td>\n<td>1.09 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2047-09-29<br \/>\nMaturity Price  : 23.20<br \/>\nEvaluated at bid price : 24.20<br \/>\nBid-YTW : 4.99 %<\/td>\n<\/tr>\n<tr>\n<td>BMO.PR.T<\/td>\n<td>FixedReset<\/td>\n<td>1.09 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2047-09-29<br \/>\nMaturity Price  : 21.82<br \/>\nEvaluated at bid price : 22.33<br \/>\nBid-YTW : 4.51 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PR.T<\/td>\n<td>FixedReset<\/td>\n<td>1.13 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2047-09-29<br \/>\nMaturity Price  : 20.55<br \/>\nEvaluated at bid price : 20.55<br \/>\nBid-YTW : 4.82 %<\/td>\n<\/tr>\n<tr>\n<td>CM.PR.Q<\/td>\n<td>FixedReset<\/td>\n<td>1.14 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2047-09-29<br \/>\nMaturity Price  : 22.99<br \/>\nEvaluated at bid price : 23.99<br \/>\nBid-YTW : 4.55 %<\/td>\n<\/tr>\n<tr>\n<td>MFC.PR.C<\/td>\n<td>Deemed-Retractible<\/td>\n<td>1.17 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Hard Maturity<br \/>\nMaturity Date\t: 2025-01-31<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 21.65<br \/>\nBid-YTW : 6.92 %<\/td>\n<\/tr>\n<tr>\n<td>TD.PF.D<\/td>\n<td>FixedReset<\/td>\n<td>1.20 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2047-09-29<br \/>\nMaturity Price  : 23.18<br \/>\nEvaluated at bid price : 24.40<br \/>\nBid-YTW : 4.52 %<\/td>\n<\/tr>\n<tr>\n<td>GWO.PR.H<\/td>\n<td>Deemed-Retractible<\/td>\n<td>1.24 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Hard Maturity<br \/>\nMaturity Date\t: 2025-01-31<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 22.88<br \/>\nBid-YTW : 6.35 %<\/td>\n<\/tr>\n<tr>\n<td>TD.PF.B<\/td>\n<td>FixedReset<\/td>\n<td>1.26 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2047-09-29<br \/>\nMaturity Price  : 22.17<br \/>\nEvaluated at bid price : 22.48<br \/>\nBid-YTW : 4.53 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PR.X<\/td>\n<td>FixedReset<\/td>\n<td>1.38 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2047-09-29<br \/>\nMaturity Price  : 17.57<br \/>\nEvaluated at bid price : 17.57<br \/>\nBid-YTW : 4.82 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PR.R<\/td>\n<td>FixedReset<\/td>\n<td>1.41 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2047-09-29<br \/>\nMaturity Price  : 20.20<br \/>\nEvaluated at bid price : 20.20<br \/>\nBid-YTW : 4.82 %<\/td>\n<\/tr>\n<tr>\n<td>MFC.PR.B<\/td>\n<td>Deemed-Retractible<\/td>\n<td>1.73 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Hard Maturity<br \/>\nMaturity Date\t: 2025-01-31<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 22.38<br \/>\nBid-YTW : 6.53 %<\/td>\n<\/tr>\n<tr>\n<td>BNS.PR.Z<\/td>\n<td>FixedReset<\/td>\n<td>1.86 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Hard Maturity<br \/>\nMaturity Date\t: 2022-01-31<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 22.98<br \/>\nBid-YTW : 4.46 %<\/td>\n<\/tr>\n<tr>\n<td>TRP.PR.D<\/td>\n<td>FixedReset<\/td>\n<td>1.96 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2047-09-29<br \/>\nMaturity Price  : 21.65<br \/>\nEvaluated at bid price : 22.08<br \/>\nBid-YTW : 4.68 %<\/td>\n<\/tr>\n<\/table>\n<table border=\"1\">\n<tr>\n<td colspan=\"4\"><strong>Volume Highlights<\/strong><\/td>\n<\/tr>\n<tr>\n<td>Issue<\/td>\n<td>Index<\/td>\n<td>Shares<br \/>Traded<\/td>\n<td>Notes<\/td>\n<\/tr>\n<tr>\n<td>BNS.PR.Z<\/td>\n<td>FixedReset<\/td>\n<td>210,100<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Hard Maturity<br \/>\nMaturity Date\t: 2022-01-31<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 22.98<br \/>\nBid-YTW : 4.46 %<\/td>\n<\/tr>\n<tr>\n<td>TRP.PR.K<\/td>\n<td>FixedReset<\/td>\n<td>124,187<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Call<br \/>\nMaturity Date\t: 2022-05-31<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 25.95<br \/>\nBid-YTW : 4.12 %<\/td>\n<\/tr>\n<tr>\n<td>CM.PR.R<\/td>\n<td>FixedReset<\/td>\n<td>120,488<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Call<br \/>\nMaturity Date\t: 2022-07-31<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 25.13<br \/>\nBid-YTW : 4.22 %<\/td>\n<\/tr>\n<tr>\n<td>RY.PR.Q<\/td>\n<td>FixedReset<\/td>\n<td>119,250<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Call<br \/>\nMaturity Date\t: 2021-05-24<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 26.78<br \/>\nBid-YTW : 3.58 %<\/td>\n<\/tr>\n<tr>\n<td>BMO.PR.B<\/td>\n<td>FixedReset<\/td>\n<td>111,500<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Call<br \/>\nMaturity Date\t: 2022-02-25<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 26.26<br \/>\nBid-YTW : 3.73 %<\/td>\n<\/tr>\n<tr>\n<td>BMO.PR.R<\/td>\n<td>FloatingReset<\/td>\n<td>109,765<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Hard Maturity<br \/>\nMaturity Date\t: 2022-01-31<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 24.52<br \/>\nBid-YTW : 3.06 %<\/td>\n<\/tr>\n<tr>\n<td colspan=\"4\">There were 37 other index-included issues trading in excess of 10,000 shares.<\/td>\n<\/tr>\n<\/table>\n<table border=\"1\">\n<tr>\n<td colspan=\"3\"><strong>Wide Spread Highlights<\/strong><\/td>\n<\/tr>\n<tr>\n<td>Issue<\/td>\n<td>Index<\/td>\n<td>Quote Data and Yield Notes<\/td>\n<\/tr>\n<tr>\n<td>HSE.PR.C<\/td>\n<td>FixedReset<\/td>\n<td>Quote: 24.20 &#8211; 25.00<br \/>\nSpot Rate  :  0.8000<br \/>\nAverage  :  0.5034<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2047-09-29<br \/>\nMaturity Price  : 23.20<br \/>\nEvaluated at bid price : 24.20<br \/>\nBid-YTW : 4.99 %<\/td>\n<\/tr>\n<tr>\n<td>TD.PF.B<\/td>\n<td>FixedReset<\/td>\n<td>Quote: 22.48 &#8211; 23.00<br \/>\nSpot Rate  :  0.5200<br \/>\nAverage  :  0.3323<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2047-09-29<br \/>\nMaturity Price  : 22.17<br \/>\nEvaluated at bid price : 22.48<br \/>\nBid-YTW : 4.53 %<\/td>\n<\/tr>\n<tr>\n<td>SLF.PR.A<\/td>\n<td>Deemed-Retractible<\/td>\n<td>Quote: 22.40 &#8211; 22.80<br \/>\nSpot Rate  :  0.4000<br \/>\nAverage  :  0.2724<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Hard Maturity<br \/>\nMaturity Date\t: 2025-01-31<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 22.40<br \/>\nBid-YTW : 6.60 %<\/td>\n<\/tr>\n<tr>\n<td>BIP.PR.C<\/td>\n<td>FixedReset<\/td>\n<td>Quote: 25.76 &#8211; 26.10<br \/>\nSpot Rate  :  0.3400<br \/>\nAverage  :  0.2226<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Call<br \/>\nMaturity Date\t: 2021-09-30<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 25.76<br \/>\nBid-YTW : 4.54 %<\/td>\n<\/tr>\n<tr>\n<td>GWO.PR.N<\/td>\n<td>FixedReset<\/td>\n<td>Quote: 17.12 &#8211; 17.55<br \/>\nSpot Rate  :  0.4300<br \/>\nAverage  :  0.3321<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Hard Maturity<br \/>\nMaturity Date\t: 2025-01-31<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 17.12<br \/>\nBid-YTW : 8.49 %<\/td>\n<\/tr>\n<tr>\n<td>CM.PR.P<\/td>\n<td>FixedReset<\/td>\n<td>Quote: 22.00 &#8211; 22.25<br \/>\nSpot Rate  :  0.2500<br \/>\nAverage  :  0.1603<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2047-09-29<br \/>\nMaturity Price  : 21.59<br \/>\nEvaluated at bid price : 22.00<br \/>\nBid-YTW : 4.51 %<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>That&#8217;s it for another month! It turned out pretty well, with TXPR up 1.36% &#8230; with roughly half that coming in the last two days! HIMIPref&trade; Preferred IndicesThese values reflect the December 2008 revision of &hellip;<\/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-48780","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/48780","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=48780"}],"version-history":[{"count":1,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/48780\/revisions"}],"predecessor-version":[{"id":48781,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/48780\/revisions\/48781"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=48780"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=48780"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=48780"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}