{"id":49325,"date":"2018-04-24T10:43:00","date_gmt":"2018-04-24T14:43:00","guid":{"rendered":"https:\/\/prefblog.com\/?p=49325"},"modified":"2025-08-14T10:44:46","modified_gmt":"2025-08-14T14:44:46","slug":"april-24-2018","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=49325","title":{"rendered":"April 24, 2018"},"content":{"rendered":"

There was a a bit of a milestone passed today in the Treasury market<\/a>:<\/p>\n

\n

Stocks tumbled as a rout in the shares of industrial and technology companies sent indexes spiraling lower amid a raft of earnings and renewed selling in the bull market\u2019s biggest winners. The 10-year Treasury yield pierced 3 percent for the first time in four years.<\/p>\n

The Dow Jones Industrial Average fell for a fifth day, the longest losing streak since March 2017. The sell off accelerated after industrial bellwether Caterpillar Inc. said that the first quarter was its “high water mark” for the year. The Nasdaq 100 Index slumped 2.1 percent, with Alphabet Inc.\u2019s rise in capital spending sending its shares lower 4.5 percent.<\/p>\n<\/blockquote>\n

\"treasuries_180424\"<\/a>
Click for Big<\/i><\/div>\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-0.1539 %<\/td>\n2,955.8<\/td>\n<\/tr>\n
FixedFloater<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.1539 %<\/td>\n5,423.7<\/td>\n<\/tr>\n
Floater<\/td>\n3.38 %<\/td>\n3.60 %<\/td>\n91,675<\/td>\n18.29<\/td>\n4<\/td>\n-0.1539 %<\/td>\n3,125.7<\/td>\n<\/tr>\n
OpRet<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.0793 %<\/td>\n3,151.2<\/td>\n<\/tr>\n
SplitShare<\/td>\n4.61 %<\/td>\n4.55 %<\/td>\n79,495<\/td>\n5.09<\/td>\n5<\/td>\n-0.0793 %<\/td>\n3,763.2<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.0793 %<\/td>\n2,936.2<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.57 %<\/td>\n-5.35 %<\/td>\n77,329<\/td>\n0.09<\/td>\n11<\/td>\n-0.0415 %<\/td>\n2,868.8<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n5.41 %<\/td>\n5.44 %<\/td>\n69,984<\/td>\n14.77<\/td>\n24<\/td>\n-0.1032 %<\/td>\n2,940.2<\/td>\n<\/tr>\n
FixedReset<\/td>\n4.32 %<\/td>\n4.80 %<\/td>\n165,080<\/td>\n5.63<\/td>\n104<\/td>\n-0.1290 %<\/td>\n2,505.6<\/td>\n<\/tr>\n
Deemed-Retractible<\/td>\n5.16 %<\/td>\n5.64 %<\/td>\n89,247<\/td>\n5.63<\/td>\n28<\/td>\n-0.0199 %<\/td>\n2,935.6<\/td>\n<\/tr>\n
FloatingReset<\/td>\n3.08 %<\/td>\n3.03 %<\/td>\n30,478<\/td>\n3.57<\/td>\n11<\/td>\n-0.0040 %<\/td>\n2,756.8<\/td>\n<\/tr>\n<\/table>\n\n\n\n\n
Performance Highlights<\/strong><\/td>\n<\/tr>\n
Issue<\/td>\nIndex<\/td>\nChange<\/td>\nNotes<\/td>\n<\/tr>\n
IFC.PR.C<\/td>\nFixedReset<\/td>\n-1.35 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 22.60
\nBid-YTW : 5.84 %<\/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.C<\/td>\nFixedReset<\/td>\n152,940<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-04-24
\nMaturity Price : 17.36
\nEvaluated at bid price : 17.36
\nBid-YTW : 5.05 %<\/td>\n<\/tr>\n
TRP.PR.J<\/td>\nFixedReset<\/td>\n107,215<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2021-05-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 26.35
\nBid-YTW : 3.94 %<\/td>\n<\/tr>\n
PWF.PR.Z<\/td>\nPerpetual-Discount<\/td>\n86,500<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-04-24
\nMaturity Price : 23.50
\nEvaluated at bid price : 23.84
\nBid-YTW : 5.41 %<\/td>\n<\/tr>\n
IAG.PR.I<\/td>\nFixedReset<\/td>\n61,780<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2023-03-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.15
\nBid-YTW : 4.86 %<\/td>\n<\/tr>\n
RY.PR.A<\/td>\nDeemed-Retractible<\/td>\n60,123<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2018-05-24
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.00
\nBid-YTW : 0.00 %<\/td>\n<\/tr>\n
VNR.PR.A<\/td>\nFixedReset<\/td>\n35,700<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-04-24
\nMaturity Price : 23.00
\nEvaluated at bid price : 24.45
\nBid-YTW : 4.95 %<\/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
TRP.PR.E<\/td>\nFixedReset<\/td>\nQuote: 21.85 – 22.16
\nSpot Rate : 0.3100
\nAverage : 0.2048<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-04-24
\nMaturity Price : 21.49
\nEvaluated at bid price : 21.85
\nBid-YTW : 5.15 %<\/td>\n<\/tr>\n

PWF.PR.R<\/td>\nPerpetual-Premium<\/td>\nQuote: 25.07 – 25.33
\nSpot Rate : 0.2600
\nAverage : 0.1720<\/p>\n

YTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2021-04-30
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.07
\nBid-YTW : 5.40 %<\/td>\n<\/tr>\n

BAM.PF.I<\/td>\nFixedReset<\/td>\nQuote: 25.70 – 25.94
\nSpot Rate : 0.2400
\nAverage : 0.1675<\/p>\n

YTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2022-03-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.70
\nBid-YTW : 4.13 %<\/td>\n<\/tr>\n

IFC.PR.C<\/td>\nFixedReset<\/td>\nQuote: 22.60 – 22.87
\nSpot Rate : 0.2700
\nAverage : 0.1985<\/p>\n

YTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 22.60
\nBid-YTW : 5.84 %<\/td>\n<\/tr>\n

CU.PR.F<\/td>\nPerpetual-Discount<\/td>\nQuote: 21.30 – 21.51
\nSpot Rate : 0.2100
\nAverage : 0.1402<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-04-24
\nMaturity Price : 21.30
\nEvaluated at bid price : 21.30
\nBid-YTW : 5.37 %<\/td>\n<\/tr>\n

PVS.PR.F<\/td>\nSplitShare<\/td>\nQuote: 25.05 – 25.24
\nSpot Rate : 0.1900
\nAverage : 0.1273<\/p>\n

YTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2024-09-30
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.05
\nBid-YTW : 4.90 %<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

There was a a bit of a milestone passed today in the Treasury market: Stocks tumbled as a rout in the shares of industrial and technology companies sent indexes spiraling lower amid a raft of …<\/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-49325","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/49325","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=49325"}],"version-history":[{"count":1,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/49325\/revisions"}],"predecessor-version":[{"id":49326,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/49325\/revisions\/49326"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=49325"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=49325"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=49325"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}