{"id":49081,"date":"2018-01-11T21:29:00","date_gmt":"2018-01-12T02:29:00","guid":{"rendered":"https:\/\/prefblog.com\/?p=49081"},"modified":"2025-08-05T21:29:43","modified_gmt":"2025-08-06T01:29:43","slug":"january-11-2018","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=49081","title":{"rendered":"January 11, 2018"},"content":{"rendered":"

Boom! The Canadian preferred share market took a whacking today; perhaps due to renewed NAFTA fears<\/a>:<\/p>\n

President Donald Trump reiterated his threat to withdraw the U.S. from Nafta while saying that gains from a new deal could be used to pay for a wall at the Mexican border.<\/p>\n

A day after Canadian officials said they viewed the odds of withdrawal as rising, Trump repeated his threat to pull out of the North American Free Trade Agreement if it can\u2019t be reworked in his favor, the Wall Street Journal reported Thursday, citing an interview with the president. However, Trump said he was willing to be \u201ca little bit flexible\u201d about the deal until after Mexico\u2019s presidential election in July. He didn\u2019t elaborate on what that means.<\/p>\n<\/blockquote>\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>\n-0.8197 %<\/td>\n2,831.7<\/td>\n<\/tr>\n
FixedFloater<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.8197 %<\/td>\n5,196.0<\/td>\n<\/tr>\n
Floater<\/td>\n3.25 %<\/td>\n3.37 %<\/td>\n35,831<\/td>\n18.85<\/td>\n4<\/td>\n-0.8197 %<\/td>\n2,994.5<\/td>\n<\/tr>\n
OpRet<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.0621 %<\/td>\n3,156.3<\/td>\n<\/tr>\n
SplitShare<\/td>\n4.65 %<\/td>\n4.01 %<\/td>\n58,138<\/td>\n3.42<\/td>\n5<\/td>\n-0.0621 %<\/td>\n3,769.3<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.0621 %<\/td>\n2,940.9<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.37 %<\/td>\n1.93 %<\/td>\n59,513<\/td>\n0.09<\/td>\n18<\/td>\n-0.0939 %<\/td>\n2,858.8<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n5.30 %<\/td>\n5.26 %<\/td>\n70,980<\/td>\n15.03<\/td>\n16<\/td>\n0.0509 %<\/td>\n2,998.7<\/td>\n<\/tr>\n
FixedReset<\/td>\n4.19 %<\/td>\n4.34 %<\/td>\n139,823<\/td>\n3.86<\/td>\n98<\/td>\n-0.4687 %<\/td>\n2,534.9<\/td>\n<\/tr>\n
Deemed-Retractible<\/td>\n5.06 %<\/td>\n5.38 %<\/td>\n81,280<\/td>\n5.86<\/td>\n28<\/td>\n-0.3302 %<\/td>\n2,946.6<\/td>\n<\/tr>\n
FloatingReset<\/td>\n2.97 %<\/td>\n2.71 %<\/td>\n37,647<\/td>\n1.02<\/td>\n10<\/td>\n-0.2001 %<\/td>\n2,755.4<\/td>\n<\/tr>\n<\/table>\n\n\n\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
MFC.PR.N<\/td>\nFixedReset<\/td>\n-1.65 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 23.82
\nBid-YTW : 4.99 %<\/td>\n<\/tr>\n
BAM.PR.K<\/td>\nFloater<\/td>\n-1.61 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-01-11
\nMaturity Price : 16.48
\nEvaluated at bid price : 16.48
\nBid-YTW : 3.42 %<\/td>\n<\/tr>\n
MFC.PR.L<\/td>\nFixedReset<\/td>\n-1.48 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 23.37
\nBid-YTW : 5.28 %<\/td>\n<\/tr>\n
BAM.PR.T<\/td>\nFixedReset<\/td>\n-1.46 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-01-11
\nMaturity Price : 20.87
\nEvaluated at bid price : 20.87
\nBid-YTW : 4.95 %<\/td>\n<\/tr>\n
MFC.PR.M<\/td>\nFixedReset<\/td>\n-1.32 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 23.90
\nBid-YTW : 5.03 %<\/td>\n<\/tr>\n
CU.PR.C<\/td>\nFixedReset<\/td>\n-1.32 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-01-11
\nMaturity Price : 21.96
\nEvaluated at bid price : 22.42
\nBid-YTW : 4.65 %<\/td>\n<\/tr>\n
SLF.PR.I<\/td>\nFixedReset<\/td>\n-1.25 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2021-12-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 24.55
\nBid-YTW : 4.36 %<\/td>\n<\/tr>\n
BAM.PF.E<\/td>\nFixedReset<\/td>\n-1.20 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-01-11
\nMaturity Price : 23.04
\nEvaluated at bid price : 23.86
\nBid-YTW : 4.71 %<\/td>\n<\/tr>\n
MFC.PR.K<\/td>\nFixedReset<\/td>\n-1.18 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 23.38
\nBid-YTW : 5.35 %<\/td>\n<\/tr>\n
MFC.PR.I<\/td>\nFixedReset<\/td>\n-1.18 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2022-09-19
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.16
\nBid-YTW : 4.29 %<\/td>\n<\/tr>\n
NA.PR.X<\/td>\nFixedReset<\/td>\n-1.16 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2021-05-15
\nMaturity Price : 25.00
\nEvaluated at bid price : 26.45
\nBid-YTW : 3.60 %<\/td>\n<\/tr>\n
BMO.PR.W<\/td>\nFixedReset<\/td>\n-1.13 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-01-11
\nMaturity Price : 23.28
\nEvaluated at bid price : 23.64
\nBid-YTW : 4.43 %<\/td>\n<\/tr>\n
BAM.PF.G<\/td>\nFixedReset<\/td>\n-1.13 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-01-11
\nMaturity Price : 23.29
\nEvaluated at bid price : 24.52
\nBid-YTW : 4.83 %<\/td>\n<\/tr>\n
BAM.PF.F<\/td>\nFixedReset<\/td>\n-1.08 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-01-11
\nMaturity Price : 23.52
\nEvaluated at bid price : 24.63
\nBid-YTW : 4.85 %<\/td>\n<\/tr>\n
MFC.PR.G<\/td>\nFixedReset<\/td>\n-1.04 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2021-12-19
\nMaturity Price : 25.00
\nEvaluated at bid price : 24.74
\nBid-YTW : 4.27 %<\/td>\n<\/tr>\n
BAM.PF.D<\/td>\nPerpetual-Discount<\/td>\n1.45 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-01-11
\nMaturity Price : 21.99
\nEvaluated at bid price : 22.32
\nBid-YTW : 5.52 %<\/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
TRP.PR.J<\/td>\nFixedReset<\/td>\n408,175<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2021-05-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 26.58
\nBid-YTW : 3.72 %<\/td>\n<\/tr>\n
TRP.PR.E<\/td>\nFixedReset<\/td>\n302,075<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-01-11
\nMaturity Price : 24.03
\nEvaluated at bid price : 24.35
\nBid-YTW : 4.43 %<\/td>\n<\/tr>\n
CM.PR.R<\/td>\nFixedReset<\/td>\n186,314<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2022-07-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.40
\nBid-YTW : 3.98 %<\/td>\n<\/tr>\n
BMO.PR.T<\/td>\nFixedReset<\/td>\n158,425<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-01-11
\nMaturity Price : 23.61
\nEvaluated at bid price : 24.00
\nBid-YTW : 4.40 %<\/td>\n<\/tr>\n
TD.PF.H<\/td>\nFixedReset<\/td>\n146,293<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2021-10-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 26.10
\nBid-YTW : 3.55 %<\/td>\n<\/tr>\n
TD.PR.S<\/td>\nFixedReset<\/td>\n120,800<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2018-07-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 24.98
\nBid-YTW : 3.22 %<\/td>\n<\/tr>\n
There were 43 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
VNR.PR.A<\/td>\nFixedReset<\/td>\nQuote: 25.07 – 25.36
\nSpot Rate : 0.2900
\nAverage : 0.2008<\/p>\n

YTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2022-10-15
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.07
\nBid-YTW : 4.57 %<\/td>\n<\/tr>\n

PWF.PR.Z<\/td>\nPerpetual-Discount<\/td>\nQuote: 24.52 – 24.75
\nSpot Rate : 0.2300
\nAverage : 0.1495<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-01-11
\nMaturity Price : 24.14
\nEvaluated at bid price : 24.52
\nBid-YTW : 5.25 %<\/td>\n<\/tr>\n

BAM.PF.C<\/td>\nPerpetual-Discount<\/td>\nQuote: 21.92 – 22.14
\nSpot Rate : 0.2200
\nAverage : 0.1530<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-01-11
\nMaturity Price : 21.61
\nEvaluated at bid price : 21.92
\nBid-YTW : 5.56 %<\/td>\n<\/tr>\n

IAG.PR.G<\/td>\nFixedReset<\/td>\nQuote: 24.22 – 24.48
\nSpot Rate : 0.2600
\nAverage : 0.1959<\/p>\n

YTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2022-06-30
\nMaturity Price : 25.00
\nEvaluated at bid price : 24.22
\nBid-YTW : 4.61 %<\/td>\n<\/tr>\n

NA.PR.A<\/td>\nFixedReset<\/td>\nQuote: 26.37 – 26.55
\nSpot Rate : 0.1800
\nAverage : 0.1250<\/p>\n

YTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2021-08-15
\nMaturity Price : 25.00
\nEvaluated at bid price : 26.37
\nBid-YTW : 3.64 %<\/td>\n<\/tr>\n

PWF.PR.A<\/td>\nFloater<\/td>\nQuote: 19.20 – 19.75
\nSpot Rate : 0.5500
\nAverage : 0.4995<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-01-11
\nMaturity Price : 19.20
\nEvaluated at bid price : 19.20
\nBid-YTW : 2.94 %<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Boom! The Canadian preferred share market took a whacking today; perhaps due to renewed NAFTA fears: President Donald Trump reiterated his threat to withdraw the U.S. from Nafta while saying that gains from a new …<\/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-49081","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/49081","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=49081"}],"version-history":[{"count":1,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/49081\/revisions"}],"predecessor-version":[{"id":49082,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/49081\/revisions\/49082"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=49081"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=49081"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=49081"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}