{"id":49101,"date":"2018-01-02T22:20:00","date_gmt":"2018-01-03T03:20:00","guid":{"rendered":"https:\/\/prefblog.com\/?p=49101"},"modified":"2025-08-05T22:20:26","modified_gmt":"2025-08-06T02:20:26","slug":"january-2-2018","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=49101","title":{"rendered":"January 2, 2018"},"content":{"rendered":"<p>The new year commenced on a positive note!<\/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>0.9349 %<\/td>\n<td>2,615.3<\/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>0.9349 %<\/td>\n<td>4,799.0<\/td>\n<\/tr>\n<tr>\n<td>Floater<\/td>\n<td>3.52 %<\/td>\n<td>3.69 %<\/td>\n<td>34,225<\/td>\n<td>18.13<\/td>\n<td>4<\/td>\n<td>0.9349 %<\/td>\n<td>2,765.7<\/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>-0.5055 %<\/td>\n<td>3,136.7<\/td>\n<\/tr>\n<tr>\n<td>SplitShare<\/td>\n<td>4.68 %<\/td>\n<td>4.08 %<\/td>\n<td>62,359<\/td>\n<td>3.44<\/td>\n<td>5<\/td>\n<td>-0.5055 %<\/td>\n<td>3,745.9<\/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>-0.5055 %<\/td>\n<td>2,922.7<\/td>\n<\/tr>\n<tr>\n<td>Perpetual-Premium<\/td>\n<td>5.35 %<\/td>\n<td>2.70 %<\/td>\n<td>45,390<\/td>\n<td>0.09<\/td>\n<td>18<\/td>\n<td>-0.0305 %<\/td>\n<td>2,852.5<\/td>\n<\/tr>\n<tr>\n<td>Perpetual-Discount<\/td>\n<td>5.26 %<\/td>\n<td>5.28 %<\/td>\n<td>62,802<\/td>\n<td>14.91<\/td>\n<td>16<\/td>\n<td>0.0000 %<\/td>\n<td>3,009.6<\/td>\n<\/tr>\n<tr>\n<td>FixedReset<\/td>\n<td>4.22 %<\/td>\n<td>4.39 %<\/td>\n<td>135,779<\/td>\n<td>4.09<\/td>\n<td>98<\/td>\n<td>0.0408 %<\/td>\n<td>2,510.1<\/td>\n<\/tr>\n<tr>\n<td>Deemed-Retractible<\/td>\n<td>5.07 %<\/td>\n<td>5.38 %<\/td>\n<td>78,881<\/td>\n<td>5.89<\/td>\n<td>28<\/td>\n<td>0.0028 %<\/td>\n<td>2,943.3<\/td>\n<\/tr>\n<tr>\n<td>FloatingReset<\/td>\n<td>2.97 %<\/td>\n<td>2.83 %<\/td>\n<td>38,368<\/td>\n<td>3.84<\/td>\n<td>10<\/td>\n<td>0.0886 %<\/td>\n<td>2,709.7<\/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>PVS.PR.E<\/td>\n<td>SplitShare<\/td>\n<td>-1.91 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Call<br \/>\nMaturity Date\t: 2018-02-01<br \/>\nMaturity Price  : 26.00<br \/>\nEvaluated at bid price : 26.26<br \/>\nBid-YTW : -2.27 %<\/td>\n<\/tr>\n<tr>\n<td>TRP.PR.A<\/td>\n<td>FixedReset<\/td>\n<td>-1.24 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2048-01-02<br \/>\nMaturity Price  : 19.85<br \/>\nEvaluated at bid price : 19.85<br \/>\nBid-YTW : 4.76 %<\/td>\n<\/tr>\n<tr>\n<td>TD.PF.E<\/td>\n<td>FixedReset<\/td>\n<td>-1.08 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Call<br \/>\nMaturity Date\t: 2020-10-31<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 24.82<br \/>\nBid-YTW : 4.23 %<\/td>\n<\/tr>\n<tr>\n<td>TRP.PR.F<\/td>\n<td>FloatingReset<\/td>\n<td>-1.03 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2048-01-02<br \/>\nMaturity Price  : 19.31<br \/>\nEvaluated at bid price : 19.31<br \/>\nBid-YTW : 3.89 %<\/td>\n<\/tr>\n<tr>\n<td>CCS.PR.C<\/td>\n<td>Deemed-Retractible<\/td>\n<td>1.10 %<\/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 : 23.91<br \/>\nBid-YTW : 5.80 %<\/td>\n<\/tr>\n<tr>\n<td>IAG.PR.A<\/td>\n<td>Deemed-Retractible<\/td>\n<td>1.11 %<\/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 : 22.70<br \/>\nBid-YTW : 6.27 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PR.B<\/td>\n<td>Floater<\/td>\n<td>1.13 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2048-01-02<br \/>\nMaturity Price  : 15.25<br \/>\nEvaluated at bid price : 15.25<br \/>\nBid-YTW : 3.69 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PR.C<\/td>\n<td>Floater<\/td>\n<td>1.19 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2048-01-02<br \/>\nMaturity Price  : 15.25<br \/>\nEvaluated at bid price : 15.25<br \/>\nBid-YTW : 3.69 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PR.K<\/td>\n<td>Floater<\/td>\n<td>1.33 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2048-01-02<br \/>\nMaturity Price  : 15.20<br \/>\nEvaluated at bid price : 15.20<br \/>\nBid-YTW : 3.70 %<\/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>RY.PR.I<\/td>\n<td>FixedReset<\/td>\n<td>671,300<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Call<br \/>\nMaturity Date\t: 2019-02-24<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 25.09<br \/>\nBid-YTW : 3.55 %<\/td>\n<\/tr>\n<tr>\n<td>BNS.PR.P<\/td>\n<td>FixedReset<\/td>\n<td>214,500<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Call<br \/>\nMaturity Date\t: 2018-04-25<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 24.98<br \/>\nBid-YTW : 2.88 %<\/td>\n<\/tr>\n<tr>\n<td>TD.PF.C<\/td>\n<td>FixedReset<\/td>\n<td>73,056<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2048-01-02<br \/>\nMaturity Price  : 23.00<br \/>\nEvaluated at bid price : 23.33<br \/>\nBid-YTW : 4.43 %<\/td>\n<\/tr>\n<tr>\n<td>CM.PR.R<\/td>\n<td>FixedReset<\/td>\n<td>68,920<\/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 : 25.55<br \/>\nBid-YTW : 3.82 %<\/td>\n<\/tr>\n<tr>\n<td>TRP.PR.D<\/td>\n<td>FixedReset<\/td>\n<td>65,220<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2048-01-02<br \/>\nMaturity Price  : 21.95<br \/>\nEvaluated at bid price : 22.52<br \/>\nBid-YTW : 4.69 %<\/td>\n<\/tr>\n<tr>\n<td>RY.PR.J<\/td>\n<td>FixedReset<\/td>\n<td>54,809<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Call<br \/>\nMaturity Date\t: 2020-05-24<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 24.74<br \/>\nBid-YTW : 4.25 %<\/td>\n<\/tr>\n<tr>\n<td colspan=\"4\">There were 8 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>PVS.PR.E<\/td>\n<td>SplitShare<\/td>\n<td>Quote: 26.26 &#8211; 26.92<br \/>\nSpot Rate  :  0.6600<br \/>\nAverage  :  0.4309<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Call<br \/>\nMaturity Date\t: 2018-02-01<br \/>\nMaturity Price  : 26.00<br \/>\nEvaluated at bid price : 26.26<br \/>\nBid-YTW : -2.27 %<\/td>\n<\/tr>\n<tr>\n<td>TD.PR.T<\/td>\n<td>FloatingReset<\/td>\n<td>Quote: 24.92 &#8211; 25.40<br \/>\nSpot Rate  :  0.4800<br \/>\nAverage  :  0.2839<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Hard Maturity<br \/>\nMaturity Date\t: 2022-01-31<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 24.92<br \/>\nBid-YTW : 2.73 %<\/td>\n<\/tr>\n<tr>\n<td>SLF.PR.D<\/td>\n<td>Deemed-Retractible<\/td>\n<td>Quote: 21.52 &#8211; 21.86<br \/>\nSpot Rate  :  0.3400<br \/>\nAverage  :  0.2114<\/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 : 21.52<br \/>\nBid-YTW : 7.02 %<\/td>\n<\/tr>\n<tr>\n<td>GWO.PR.Q<\/td>\n<td>Deemed-Retractible<\/td>\n<td>Quote: 24.60 &#8211; 24.95<br \/>\nSpot Rate  :  0.3500<br \/>\nAverage  :  0.2268<\/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 : 24.60<br \/>\nBid-YTW : 5.46 %<\/td>\n<\/tr>\n<tr>\n<td>CU.PR.G<\/td>\n<td>Perpetual-Discount<\/td>\n<td>Quote: 21.84 &#8211; 22.15<br \/>\nSpot Rate  :  0.3100<br \/>\nAverage  :  0.2178<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2048-01-02<br \/>\nMaturity Price  : 21.54<br \/>\nEvaluated at bid price : 21.84<br \/>\nBid-YTW : 5.20 %<\/td>\n<\/tr>\n<tr>\n<td>BMO.PR.Y<\/td>\n<td>FixedReset<\/td>\n<td>Quote: 24.75 &#8211; 25.07<br \/>\nSpot Rate  :  0.3200<br \/>\nAverage  :  0.2280<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Call<br \/>\nMaturity Date\t: 2020-08-25<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 24.75<br \/>\nBid-YTW : 4.39 %<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>The new year commenced on a positive note! 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 &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-49101","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/49101","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=49101"}],"version-history":[{"count":1,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/49101\/revisions"}],"predecessor-version":[{"id":49102,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/49101\/revisions\/49102"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=49101"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=49101"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=49101"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}