{"id":48917,"date":"2017-11-27T10:51:00","date_gmt":"2017-11-27T15:51:00","guid":{"rendered":"https:\/\/prefblog.com\/?p=48917"},"modified":"2025-07-31T10:51:57","modified_gmt":"2025-07-31T14:51:57","slug":"november-27-2017","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=48917","title":{"rendered":"November 27, 2017"},"content":{"rendered":"

Publication of the November 27 preferred share report has been delayed. I intend to post it shortly before publication of the November 28 report.<\/p>\n

Update, 2017-11-29, finally<\/b>: <\/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>\n0.1971 %<\/td>\n2,461.7<\/td>\n<\/tr>\n
FixedFloater<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.1971 %<\/td>\n4,517.0<\/td>\n<\/tr>\n
Floater<\/td>\n3.67 %<\/td>\n3.90 %<\/td>\n97,871<\/td>\n17.58<\/td>\n3<\/td>\n0.1971 %<\/td>\n2,603.2<\/td>\n<\/tr>\n
OpRet<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.5203 %<\/td>\n3,127.4<\/td>\n<\/tr>\n
SplitShare<\/td>\n4.72 %<\/td>\n4.26 %<\/td>\n50,072<\/td>\n1.09<\/td>\n6<\/td>\n0.5203 %<\/td>\n3,734.8<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.5203 %<\/td>\n2,914.1<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.34 %<\/td>\n4.67 %<\/td>\n44,065<\/td>\n0.10<\/td>\n20<\/td>\n-0.0431 %<\/td>\n2,841.8<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n5.18 %<\/td>\n5.22 %<\/td>\n65,513<\/td>\n15.03<\/td>\n15<\/td>\n0.1043 %<\/td>\n3,030.3<\/td>\n<\/tr>\n
FixedReset<\/td>\n4.21 %<\/td>\n4.14 %<\/td>\n148,136<\/td>\n4.40<\/td>\n98<\/td>\n-0.0423 %<\/td>\n2,506.4<\/td>\n<\/tr>\n
Deemed-Retractible<\/td>\n5.00 %<\/td>\n5.27 %<\/td>\n87,153<\/td>\n5.90<\/td>\n30<\/td>\n0.0804 %<\/td>\n2,952.7<\/td>\n<\/tr>\n
FloatingReset<\/td>\n2.70 %<\/td>\n2.75 %<\/td>\n41,958<\/td>\n3.95<\/td>\n8<\/td>\n-0.1028 %<\/td>\n2,687.8<\/td>\n<\/tr>\n<\/table>\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
W.PR.M<\/td>\nFixedReset<\/td>\n-1.28 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2021-10-15
\nMaturity Price : 25.00
\nEvaluated at bid price : 26.30
\nBid-YTW : 3.94 %<\/td>\n<\/tr>\n
CU.PR.G<\/td>\nPerpetual-Discount<\/td>\n1.09 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2047-11-27
\nMaturity Price : 21.97
\nEvaluated at bid price : 22.30
\nBid-YTW : 5.05 %<\/td>\n<\/tr>\n
BAM.PR.N<\/td>\nPerpetual-Discount<\/td>\n1.17 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2047-11-27
\nMaturity Price : 22.12
\nEvaluated at bid price : 22.40
\nBid-YTW : 5.38 %<\/td>\n<\/tr>\n
MFC.PR.K<\/td>\nFixedReset<\/td>\n1.27 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 23.19
\nBid-YTW : 5.04 %<\/td>\n<\/tr>\n
PVS.PR.E<\/td>\nSplitShare<\/td>\n1.51 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2017-12-27
\nMaturity Price : 26.00
\nEvaluated at bid price : 26.15
\nBid-YTW : -3.46 %<\/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.A<\/td>\nFixedReset<\/td>\n57,135<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2021-08-15
\nMaturity Price : 25.00
\nEvaluated at bid price : 26.75
\nBid-YTW : 3.46 %<\/td>\n<\/tr>\n
BAM.PF.F<\/td>\nFixedReset<\/td>\n53,503<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2047-11-27
\nMaturity Price : 23.58
\nEvaluated at bid price : 24.88
\nBid-YTW : 4.49 %<\/td>\n<\/tr>\n
BMO.PR.M<\/td>\nFixedReset<\/td>\n53,136<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2022-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 24.90
\nBid-YTW : 3.41 %<\/td>\n<\/tr>\n
HSB.PR.C<\/td>\nDeemed-Retractible<\/td>\n44,300<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2017-12-27
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.27
\nBid-YTW : 1.80 %<\/td>\n<\/tr>\n
BAM.PF.C<\/td>\nPerpetual-Discount<\/td>\n32,410<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2047-11-27
\nMaturity Price : 22.46
\nEvaluated at bid price : 22.81
\nBid-YTW : 5.39 %<\/td>\n<\/tr>\n
IFC.PR.E<\/td>\nDeemed-Retractible<\/td>\n26,456<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.15
\nBid-YTW : 5.27 %<\/td>\n<\/tr>\n
There were 24 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
MFC.PR.G<\/td>\nFixedReset<\/td>\nQuote: 24.53 – 24.99
\nSpot Rate : 0.4600
\nAverage : 0.2853<\/p>\n

YTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2021-12-19
\nMaturity Price : 25.00
\nEvaluated at bid price : 24.53
\nBid-YTW : 4.36 %<\/td>\n<\/tr>\n

RY.PR.L<\/td>\nFixedReset<\/td>\nQuote: 25.32 – 25.63
\nSpot Rate : 0.3100
\nAverage : 0.2183<\/p>\n

YTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2019-02-24
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.32
\nBid-YTW : 3.25 %<\/td>\n<\/tr>\n

TRP.PR.B<\/td>\nFixedReset<\/td>\nQuote: 16.61 – 16.86
\nSpot Rate : 0.2500
\nAverage : 0.1708<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2047-11-27
\nMaturity Price : 16.61
\nEvaluated at bid price : 16.61
\nBid-YTW : 4.27 %<\/td>\n<\/tr>\n

MFC.PR.F<\/td>\nFixedReset<\/td>\nQuote: 18.00 – 18.28
\nSpot Rate : 0.2800
\nAverage : 0.2135<\/p>\n

YTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 18.00
\nBid-YTW : 7.72 %<\/td>\n<\/tr>\n

HSE.PR.C<\/td>\nFixedReset<\/td>\nQuote: 24.70 – 24.90
\nSpot Rate : 0.2000
\nAverage : 0.1343<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2047-11-27
\nMaturity Price : 23.45
\nEvaluated at bid price : 24.70
\nBid-YTW : 4.70 %<\/td>\n<\/tr>\n

PWF.PR.F<\/td>\nPerpetual-Discount<\/td>\nQuote: 24.86 – 25.07
\nSpot Rate : 0.2100
\nAverage : 0.1448<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2047-11-27
\nMaturity Price : 24.60
\nEvaluated at bid price : 24.86
\nBid-YTW : 5.33 %<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Publication of the November 27 preferred share report has been delayed. I intend to post it shortly before publication of the November 28 report. Update, 2017-11-29, finally: HIMIPref™ Preferred IndicesThese values reflect the December 2008 …<\/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-48917","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/48917","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=48917"}],"version-history":[{"count":1,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/48917\/revisions"}],"predecessor-version":[{"id":48918,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/48917\/revisions\/48918"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=48917"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=48917"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=48917"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}