{"id":48934,"date":"2017-12-18T20:07:00","date_gmt":"2017-12-19T01:07:00","guid":{"rendered":"https:\/\/prefblog.com\/?p=48934"},"modified":"2025-07-31T20:08:09","modified_gmt":"2025-08-01T00:08:09","slug":"december-18-2017","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=48934","title":{"rendered":"December 18, 2017"},"content":{"rendered":"\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>\n0.2824 %<\/td>\n2,478.6<\/td>\n<\/tr>\n
FixedFloater<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.2824 %<\/td>\n4,548.1<\/td>\n<\/tr>\n
Floater<\/td>\n3.71 %<\/td>\n3.83 %<\/td>\n32,954<\/td>\n17.80<\/td>\n4<\/td>\n0.2824 %<\/td>\n2,621.1<\/td>\n<\/tr>\n
OpRet<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.3759 %<\/td>\n3,142.1<\/td>\n<\/tr>\n
SplitShare<\/td>\n4.67 %<\/td>\n4.05 %<\/td>\n64,857<\/td>\n3.48<\/td>\n5<\/td>\n0.3759 %<\/td>\n3,752.3<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.3759 %<\/td>\n2,927.7<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.36 %<\/td>\n2.11 %<\/td>\n52,082<\/td>\n0.09<\/td>\n20<\/td>\n0.0118 %<\/td>\n2,839.7<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n5.24 %<\/td>\n5.29 %<\/td>\n70,777<\/td>\n14.92<\/td>\n14<\/td>\n-0.1257 %<\/td>\n3,003.1<\/td>\n<\/tr>\n
FixedReset<\/td>\n4.28 %<\/td>\n4.33 %<\/td>\n150,654<\/td>\n6.10<\/td>\n98<\/td>\n0.0890 %<\/td>\n2,476.9<\/td>\n<\/tr>\n
Deemed-Retractible<\/td>\n5.07 %<\/td>\n5.27 %<\/td>\n88,002<\/td>\n5.92<\/td>\n30<\/td>\n0.0083 %<\/td>\n2,940.6<\/td>\n<\/tr>\n
FloatingReset<\/td>\n2.79 %<\/td>\n2.80 %<\/td>\n41,115<\/td>\n3.89<\/td>\n8<\/td>\n-0.0652 %<\/td>\n2,679.8<\/td>\n<\/tr>\n<\/table>\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.C<\/td>\nFixedReset<\/td>\n1.47 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2047-12-18
\nMaturity Price : 23.26
\nEvaluated at bid price : 24.23
\nBid-YTW : 4.90 %<\/td>\n<\/tr>\n
IFC.PR.C<\/td>\nFixedReset<\/td>\n1.74 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 22.84
\nBid-YTW : 5.26 %<\/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
RY.PR.I<\/td>\nFixedReset<\/td>\n123,034<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2022-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.00
\nBid-YTW : 3.67 %<\/td>\n<\/tr>\n
BNS.PR.Z<\/td>\nFixedReset<\/td>\n101,100<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2022-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 23.04
\nBid-YTW : 4.48 %<\/td>\n<\/tr>\n
CM.PR.P<\/td>\nFixedReset<\/td>\n101,100<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2047-12-18
\nMaturity Price : 22.75
\nEvaluated at bid price : 23.06
\nBid-YTW : 4.27 %<\/td>\n<\/tr>\n
BMO.PR.S<\/td>\nFixedReset<\/td>\n96,759<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2047-12-18
\nMaturity Price : 23.11
\nEvaluated at bid price : 23.55
\nBid-YTW : 4.27 %<\/td>\n<\/tr>\n
MFC.PR.F<\/td>\nFixedReset<\/td>\n91,190<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 17.92
\nBid-YTW : 7.91 %<\/td>\n<\/tr>\n
BMO.PR.B<\/td>\nFixedReset<\/td>\n82,885<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2022-02-25
\nMaturity Price : 25.00
\nEvaluated at bid price : 26.06
\nBid-YTW : 3.85 %<\/td>\n<\/tr>\n
There were 18 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
RY.PR.R<\/td>\nFixedReset<\/td>\nQuote: 26.62 – 26.86
\nSpot Rate : 0.2400
\nAverage : 0.1512<\/p>\n

YTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2021-08-24
\nMaturity Price : 25.00
\nEvaluated at bid price : 26.62
\nBid-YTW : 3.74 %<\/td>\n<\/tr>\n

PVS.PR.E<\/td>\nSplitShare<\/td>\nQuote: 26.50 – 26.85
\nSpot Rate : 0.3500
\nAverage : 0.2640<\/p>\n

YTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2018-01-17
\nMaturity Price : 26.00
\nEvaluated at bid price : 26.50
\nBid-YTW : -15.37 %<\/td>\n<\/tr>\n

PWF.PR.T<\/td>\nFixedReset<\/td>\nQuote: 23.90 – 24.25
\nSpot Rate : 0.3500
\nAverage : 0.2691<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2047-12-18
\nMaturity Price : 23.39
\nEvaluated at bid price : 23.90
\nBid-YTW : 4.28 %<\/td>\n<\/tr>\n

W.PR.M<\/td>\nFixedReset<\/td>\nQuote: 26.15 – 26.36
\nSpot Rate : 0.2100
\nAverage : 0.1346<\/p>\n

YTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2021-10-15
\nMaturity Price : 25.00
\nEvaluated at bid price : 26.15
\nBid-YTW : 4.17 %<\/td>\n<\/tr>\n

BAM.PF.D<\/td>\nPerpetual-Discount<\/td>\nQuote: 22.70 – 22.96
\nSpot Rate : 0.2600
\nAverage : 0.1916<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2047-12-18
\nMaturity Price : 22.38
\nEvaluated at bid price : 22.70
\nBid-YTW : 5.40 %<\/td>\n<\/tr>\n

BAM.PR.X<\/td>\nFixedReset<\/td>\nQuote: 17.05 – 17.25
\nSpot Rate : 0.2000
\nAverage : 0.1408<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2047-12-18
\nMaturity Price : 17.05
\nEvaluated at bid price : 17.05
\nBid-YTW : 4.86 %<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

HIMIPref™ Preferred IndicesThese values reflect the December 2008 revision of the HIMIPref™ IndicesValues are provisional and are finalized monthly Index MeanCurrentYield(at bid) MedianYTW MedianAverageTradingValue MedianMod Dur(YTW) Issues Day’s Perf. Index Value Ratchet 0.00 % 0.00 …<\/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-48934","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/48934","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=48934"}],"version-history":[{"count":1,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/48934\/revisions"}],"predecessor-version":[{"id":48935,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/48934\/revisions\/48935"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=48934"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=48934"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=48934"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}