{"id":49227,"date":"2018-03-20T21:31:00","date_gmt":"2018-03-21T01:31:00","guid":{"rendered":"https:\/\/prefblog.com\/?p=49227"},"modified":"2025-08-12T21:32:27","modified_gmt":"2025-08-13T01:32:27","slug":"march-20-2018","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=49227","title":{"rendered":"March 20, 2018"},"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>\n-0.2689 %<\/td>\n3,067.0<\/td>\n<\/tr>\n
FixedFloater<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.2689 %<\/td>\n5,627.7<\/td>\n<\/tr>\n
Floater<\/td>\n3.26 %<\/td>\n3.41 %<\/td>\n105,079<\/td>\n18.73<\/td>\n4<\/td>\n-0.2689 %<\/td>\n3,243.3<\/td>\n<\/tr>\n
OpRet<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.1177 %<\/td>\n3,164.6<\/td>\n<\/tr>\n
SplitShare<\/td>\n4.69 %<\/td>\n4.32 %<\/td>\n58,729<\/td>\n3.26<\/td>\n5<\/td>\n0.1177 %<\/td>\n3,779.3<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.1177 %<\/td>\n2,948.7<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.59 %<\/td>\n-0.91 %<\/td>\n77,873<\/td>\n0.09<\/td>\n11<\/td>\n-0.0179 %<\/td>\n2,845.6<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n5.34 %<\/td>\n5.45 %<\/td>\n85,410<\/td>\n14.67<\/td>\n23<\/td>\n-0.0817 %<\/td>\n2,942.8<\/td>\n<\/tr>\n
FixedReset<\/td>\n4.29 %<\/td>\n4.56 %<\/td>\n175,017<\/td>\n5.88<\/td>\n104<\/td>\n-0.3864 %<\/td>\n2,510.5<\/td>\n<\/tr>\n
Deemed-Retractible<\/td>\n5.18 %<\/td>\n5.75 %<\/td>\n91,981<\/td>\n5.73<\/td>\n28<\/td>\n-0.2866 %<\/td>\n2,918.4<\/td>\n<\/tr>\n
FloatingReset<\/td>\n2.93 %<\/td>\n3.01 %<\/td>\n35,919<\/td>\n3.65<\/td>\n10<\/td>\n-0.7219 %<\/td>\n2,736.7<\/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
BAM.PR.T<\/td>\nFixedReset<\/td>\n-23.76 %<\/td>\nCompletely nonsensical, of course, but this type of thing must be expected when the financial system is controlled by a privileged oligarchy. The issue traded a whopping 4,220 shares today in a range of 21.07-23; the last trade, 100 shares at 21.07 at 3:51pm, appears to have overwhelmed the system. Perhaps the closing quote is due to unexpectedly high retail demand<\/a>! I have not checked whether this lamentable state of affairs is due to inadequate Toronto Stock Exchange reporting<\/a> or inadequate Toronto Stock Exchange supervision of market-makers<\/a>.
\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-03-20
\nMaturity Price : 16.08
\nEvaluated at bid price : 16.08
\nBid-YTW : 6.39 %<\/td>\n<\/tr>\n
PWF.PR.Q<\/td>\nFloatingReset<\/td>\n-8.69 %<\/td>\nMore nonsense from Nonsense Central. The issue traded 11,800 shares in a range of 21.40-75, with the last trade of 100 shares at 21.40 coming at 3:37pm. I have not checked whether this lamentable state of affairs is due to inadequate Toronto Stock Exchange reporting<\/a> or inadequate Toronto Stock Exchange supervision of market-makers<\/a>.
\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-03-20
\nMaturity Price : 19.86
\nEvaluated at bid price : 19.86
\nBid-YTW : 3.35 %<\/td>\n<\/tr>\n
GWO.PR.M<\/td>\nDeemed-Retractible<\/td>\n-1.24 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2018-04-30
\nMaturity Price : 25.25
\nEvaluated at bid price : 25.50
\nBid-YTW : -4.67 %<\/td>\n<\/tr>\n
BAM.PF.E<\/td>\nFixedReset<\/td>\n-1.24 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-03-20
\nMaturity Price : 22.80
\nEvaluated at bid price : 23.13
\nBid-YTW : 4.88 %<\/td>\n<\/tr>\n
BAM.PF.A<\/td>\nFixedReset<\/td>\n-1.06 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-03-20
\nMaturity Price : 23.46
\nEvaluated at bid price : 24.19
\nBid-YTW : 5.01 %<\/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
CM.PR.R<\/td>\nFixedReset<\/td>\n383,944<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2022-07-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.19
\nBid-YTW : 4.39 %<\/td>\n<\/tr>\n
RY.PR.H<\/td>\nFixedReset<\/td>\n208,200<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-03-20
\nMaturity Price : 23.00
\nEvaluated at bid price : 23.45
\nBid-YTW : 4.51 %<\/td>\n<\/tr>\n
TD.PF.E<\/td>\nFixedReset<\/td>\n115,009<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-03-20
\nMaturity Price : 23.21
\nEvaluated at bid price : 24.40
\nBid-YTW : 4.79 %<\/td>\n<\/tr>\n
CM.PR.Q<\/td>\nFixedReset<\/td>\n94,300<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-03-20
\nMaturity Price : 23.21
\nEvaluated at bid price : 24.28
\nBid-YTW : 4.73 %<\/td>\n<\/tr>\n
BAM.PF.C<\/td>\nPerpetual-Discount<\/td>\n89,362<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-03-20
\nMaturity Price : 21.68
\nEvaluated at bid price : 21.68
\nBid-YTW : 5.62 %<\/td>\n<\/tr>\n
MFC.PR.Q<\/td>\nFixedReset<\/td>\n60,400<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 24.80
\nBid-YTW : 4.89 %<\/td>\n<\/tr>\n
There were 27 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
BAM.PR.T<\/td>\nFixedReset<\/td>\nQuote: 16.08 – 21.16
\nSpot Rate : 5.0800
\nAverage : 2.7700<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-03-20
\nMaturity Price : 16.08
\nEvaluated at bid price : 16.08
\nBid-YTW : 6.39 %<\/td>\n<\/tr>\n

PWF.PR.Q<\/td>\nFloatingReset<\/td>\nQuote: 19.86 – 21.64
\nSpot Rate : 1.7800
\nAverage : 1.0088<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-03-20
\nMaturity Price : 19.86
\nEvaluated at bid price : 19.86
\nBid-YTW : 3.35 %<\/td>\n<\/tr>\n

GWO.PR.M<\/td>\nDeemed-Retractible<\/td>\nQuote: 25.50 – 25.87
\nSpot Rate : 0.3700
\nAverage : 0.2108<\/p>\n

YTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2018-04-30
\nMaturity Price : 25.25
\nEvaluated at bid price : 25.50
\nBid-YTW : -4.67 %<\/td>\n<\/tr>\n

BMO.PR.S<\/td>\nFixedReset<\/td>\nQuote: 23.66 – 23.99
\nSpot Rate : 0.3300
\nAverage : 0.2329<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-03-20
\nMaturity Price : 23.15
\nEvaluated at bid price : 23.66
\nBid-YTW : 4.54 %<\/td>\n<\/tr>\n

PVS.PR.B<\/td>\nSplitShare<\/td>\nQuote: 25.22 – 25.62
\nSpot Rate : 0.4000
\nAverage : 0.3104<\/p>\n

YTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2019-01-10
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.22
\nBid-YTW : 3.44 %<\/td>\n<\/tr>\n

TD.PF.F<\/td>\nPerpetual-Discount<\/td>\nQuote: 24.75 – 24.99
\nSpot Rate : 0.2400
\nAverage : 0.1558<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-03-20
\nMaturity Price : 24.32
\nEvaluated at bid price : 24.75
\nBid-YTW : 5.00 %<\/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-49227","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/49227","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=49227"}],"version-history":[{"count":1,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/49227\/revisions"}],"predecessor-version":[{"id":49228,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/49227\/revisions\/49228"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=49227"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=49227"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=49227"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}