{"id":49077,"date":"2018-01-12T21:25:00","date_gmt":"2018-01-13T02:25:00","guid":{"rendered":"https:\/\/prefblog.com\/?p=49077"},"modified":"2025-08-05T21:25:59","modified_gmt":"2025-08-06T01:25:59","slug":"january-12-2018","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=49077","title":{"rendered":"January 12, 2018"},"content":{"rendered":"<p>And now I can start on <a href=\"http:\/\/www.prefletter.com\/\">PrefLetter<\/a>!<\/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>1.3049 %<\/td>\n<td>2,868.6<\/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>1.3049 %<\/td>\n<td>5,263.8<\/td>\n<\/tr>\n<tr>\n<td>Floater<\/td>\n<td>3.21 %<\/td>\n<td>3.33 %<\/td>\n<td>35,742<\/td>\n<td>18.93<\/td>\n<td>4<\/td>\n<td>1.3049 %<\/td>\n<td>3,033.5<\/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>-0.0155 %<\/td>\n<td>3,155.8<\/td>\n<\/tr>\n<tr>\n<td>SplitShare<\/td>\n<td>4.65 %<\/td>\n<td>4.06 %<\/td>\n<td>61,775<\/td>\n<td>3.41<\/td>\n<td>5<\/td>\n<td>-0.0155 %<\/td>\n<td>3,768.7<\/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>-0.0155 %<\/td>\n<td>2,940.5<\/td>\n<\/tr>\n<tr>\n<td>Perpetual-Premium<\/td>\n<td>5.38 %<\/td>\n<td>-0.24 %<\/td>\n<td>59,091<\/td>\n<td>0.09<\/td>\n<td>18<\/td>\n<td>-0.1071 %<\/td>\n<td>2,855.7<\/td>\n<\/tr>\n<tr>\n<td>Perpetual-Discount<\/td>\n<td>5.32 %<\/td>\n<td>5.29 %<\/td>\n<td>72,501<\/td>\n<td>14.99<\/td>\n<td>16<\/td>\n<td>-0.3054 %<\/td>\n<td>2,989.5<\/td>\n<\/tr>\n<tr>\n<td>FixedReset<\/td>\n<td>4.20 %<\/td>\n<td>4.40 %<\/td>\n<td>139,621<\/td>\n<td>3.93<\/td>\n<td>98<\/td>\n<td>-0.1929 %<\/td>\n<td>2,530.0<\/td>\n<\/tr>\n<tr>\n<td>Deemed-Retractible<\/td>\n<td>5.07 %<\/td>\n<td>5.41 %<\/td>\n<td>82,859<\/td>\n<td>5.86<\/td>\n<td>28<\/td>\n<td>-0.1805 %<\/td>\n<td>2,941.3<\/td>\n<\/tr>\n<tr>\n<td>FloatingReset<\/td>\n<td>3.05 %<\/td>\n<td>2.51 %<\/td>\n<td>39,348<\/td>\n<td>0.79<\/td>\n<td>10<\/td>\n<td>0.0567 %<\/td>\n<td>2,756.9<\/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>NA.PR.S<\/td>\n<td>FixedReset<\/td>\n<td>-1.38 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2048-01-12<br \/>\nMaturity Price  : 23.18<br \/>\nEvaluated at bid price : 23.65<br \/>\nBid-YTW : 4.58 %<\/td>\n<\/tr>\n<tr>\n<td>CU.PR.C<\/td>\n<td>FixedReset<\/td>\n<td>-1.20 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2048-01-12<br \/>\nMaturity Price  : 21.77<br \/>\nEvaluated at bid price : 22.15<br \/>\nBid-YTW : 4.71 %<\/td>\n<\/tr>\n<tr>\n<td>TRP.PR.D<\/td>\n<td>FixedReset<\/td>\n<td>-1.01 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2048-01-12<br \/>\nMaturity Price  : 22.96<br \/>\nEvaluated at bid price : 23.44<br \/>\nBid-YTW : 4.61 %<\/td>\n<\/tr>\n<tr>\n<td>MFC.PR.F<\/td>\n<td>FixedReset<\/td>\n<td>-1.00 %<\/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 : 18.75<br \/>\nBid-YTW : 7.42 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PR.B<\/td>\n<td>Floater<\/td>\n<td>1.08 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2048-01-12<br \/>\nMaturity Price  : 16.90<br \/>\nEvaluated at bid price : 16.90<br \/>\nBid-YTW : 3.33 %<\/td>\n<\/tr>\n<tr>\n<td>BNS.PR.Y<\/td>\n<td>FixedReset<\/td>\n<td>1.15 %<\/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 : 23.76<br \/>\nBid-YTW : 3.62 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PR.C<\/td>\n<td>Floater<\/td>\n<td>1.75 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2048-01-12<br \/>\nMaturity Price  : 16.86<br \/>\nEvaluated at bid price : 16.86<br \/>\nBid-YTW : 3.34 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PR.K<\/td>\n<td>Floater<\/td>\n<td>2.55 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2048-01-12<br \/>\nMaturity Price  : 16.90<br \/>\nEvaluated at bid price : 16.90<br \/>\nBid-YTW : 3.33 %<\/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>BAM.PF.C<\/td>\n<td>Perpetual-Discount<\/td>\n<td>111,180<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2048-01-12<br \/>\nMaturity Price  : 21.60<br \/>\nEvaluated at bid price : 21.90<br \/>\nBid-YTW : 5.57 %<\/td>\n<\/tr>\n<tr>\n<td>TRP.PR.J<\/td>\n<td>FixedReset<\/td>\n<td>104,600<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Call<br \/>\nMaturity Date\t: 2021-05-31<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 26.60<br \/>\nBid-YTW : 3.69 %<\/td>\n<\/tr>\n<tr>\n<td>BNS.PR.D<\/td>\n<td>FloatingReset<\/td>\n<td>73,000<\/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 : 23.75<br \/>\nBid-YTW : 3.49 %<\/td>\n<\/tr>\n<tr>\n<td>BNS.PR.Q<\/td>\n<td>FixedReset<\/td>\n<td>62,379<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Call<br \/>\nMaturity Date\t: 2018-10-25<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 25.00<br \/>\nBid-YTW : 3.45 %<\/td>\n<\/tr>\n<tr>\n<td>NA.PR.X<\/td>\n<td>FixedReset<\/td>\n<td>57,800<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Call<br \/>\nMaturity Date\t: 2021-05-15<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 26.47<br \/>\nBid-YTW : 3.57 %<\/td>\n<\/tr>\n<tr>\n<td>CM.PR.P<\/td>\n<td>FixedReset<\/td>\n<td>54,968<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2048-01-12<br \/>\nMaturity Price  : 23.18<br \/>\nEvaluated at bid price : 23.51<br \/>\nBid-YTW : 4.42 %<\/td>\n<\/tr>\n<tr>\n<td colspan=\"4\">There were 23 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>MFC.PR.N<\/td>\n<td>FixedReset<\/td>\n<td>Quote: 23.90 &#8211; 24.20<br \/>\nSpot Rate  :  0.3000<br \/>\nAverage  :  0.2092<\/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 : 23.90<br \/>\nBid-YTW : 4.94 %<\/td>\n<\/tr>\n<tr>\n<td>BMO.PR.S<\/td>\n<td>FixedReset<\/td>\n<td>Quote: 24.32 &#8211; 24.60<br \/>\nSpot Rate  :  0.2800<br \/>\nAverage  :  0.1944<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2048-01-12<br \/>\nMaturity Price  : 23.92<br \/>\nEvaluated at bid price : 24.32<br \/>\nBid-YTW : 4.44 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PF.E<\/td>\n<td>FixedReset<\/td>\n<td>Quote: 23.77 &#8211; 24.06<br \/>\nSpot Rate  :  0.2900<br \/>\nAverage  :  0.2132<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2048-01-12<br \/>\nMaturity Price  : 22.99<br \/>\nEvaluated at bid price : 23.77<br \/>\nBid-YTW : 4.74 %<\/td>\n<\/tr>\n<tr>\n<td>TRP.PR.C<\/td>\n<td>FixedReset<\/td>\n<td>Quote: 18.20 &#8211; 18.47<br \/>\nSpot Rate  :  0.2700<br \/>\nAverage  :  0.2014<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2048-01-12<br \/>\nMaturity Price  : 18.20<br \/>\nEvaluated at bid price : 18.20<br \/>\nBid-YTW : 4.57 %<\/td>\n<\/tr>\n<tr>\n<td>MFC.PR.J<\/td>\n<td>FixedReset<\/td>\n<td>Quote: 24.47 &#8211; 24.67<br \/>\nSpot Rate  :  0.2000<br \/>\nAverage  :  0.1374<\/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 : 24.47<br \/>\nBid-YTW : 5.02 %<\/td>\n<\/tr>\n<tr>\n<td>TRP.PR.G<\/td>\n<td>FixedReset<\/td>\n<td>Quote: 24.41 &#8211; 24.79<br \/>\nSpot Rate  :  0.3800<br \/>\nAverage  :  0.3175<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2048-01-12<br \/>\nMaturity Price  : 23.17<br \/>\nEvaluated at bid price : 24.41<br \/>\nBid-YTW : 4.86 %<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>And now I can start on PrefLetter! HIMIPref&trade; Preferred IndicesThese values reflect the December 2008 revision of the HIMIPref&trade; IndicesValues are provisional and are finalized monthly Index MeanCurrentYield(at bid) MedianYTW MedianAverageTradingValue MedianMod Dur(YTW) Issues Day&#8217;s &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-49077","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/49077","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=49077"}],"version-history":[{"count":1,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/49077\/revisions"}],"predecessor-version":[{"id":49078,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/49077\/revisions\/49078"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=49077"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=49077"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=49077"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}