{"id":49460,"date":"2018-06-22T11:48:00","date_gmt":"2018-06-22T15:48:00","guid":{"rendered":"https:\/\/prefblog.com\/?p=49460"},"modified":"2025-08-18T11:48:43","modified_gmt":"2025-08-18T15:48:43","slug":"june-22-2018","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=49460","title":{"rendered":"June 22, 2018"},"content":{"rendered":"

The Canada Five-Year yield dropped below 2% today<\/a> (1.97%, to be precise), the first time it’s been there in a while. But the preferred share market had a good day anyway. So go figure …<\/p>\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-0.7750 %<\/td>\n2,986.3<\/td>\n<\/tr>\n
FixedFloater<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.7750 %<\/td>\n5,479.8<\/td>\n<\/tr>\n
Floater<\/td>\n3.37 %<\/td>\n3.58 %<\/td>\n74,444<\/td>\n18.33<\/td>\n4<\/td>\n-0.7750 %<\/td>\n3,158.0<\/td>\n<\/tr>\n
OpRet<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.0398 %<\/td>\n3,173.6<\/td>\n<\/tr>\n
SplitShare<\/td>\n4.63 %<\/td>\n4.64 %<\/td>\n69,107<\/td>\n4.98<\/td>\n5<\/td>\n0.0398 %<\/td>\n3,790.0<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.0398 %<\/td>\n2,957.1<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.63 %<\/td>\n-11.52 %<\/td>\n63,242<\/td>\n0.09<\/td>\n9<\/td>\n0.2141 %<\/td>\n2,888.8<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n5.37 %<\/td>\n5.53 %<\/td>\n63,185<\/td>\n14.58<\/td>\n26<\/td>\n0.2415 %<\/td>\n2,970.8<\/td>\n<\/tr>\n
FixedReset<\/td>\n4.32 %<\/td>\n4.65 %<\/td>\n151,479<\/td>\n5.67<\/td>\n106<\/td>\n0.0812 %<\/td>\n2,538.8<\/td>\n<\/tr>\n
Deemed-Retractible<\/td>\n5.18 %<\/td>\n5.74 %<\/td>\n70,347<\/td>\n5.54<\/td>\n27<\/td>\n0.1904 %<\/td>\n2,949.7<\/td>\n<\/tr>\n
FloatingReset<\/td>\n3.05 %<\/td>\n3.72 %<\/td>\n32,617<\/td>\n3.43<\/td>\n9<\/td>\n0.0200 %<\/td>\n2,798.3<\/td>\n<\/tr>\n<\/table>\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
BAM.PR.C<\/td>\nFloater<\/td>\n-1.18 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-06-22
\nMaturity Price : 16.80
\nEvaluated at bid price : 16.80
\nBid-YTW : 3.59 %<\/td>\n<\/tr>\n
BAM.PR.K<\/td>\nFloater<\/td>\n-1.06 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-06-22
\nMaturity Price : 16.82
\nEvaluated at bid price : 16.82
\nBid-YTW : 3.59 %<\/td>\n<\/tr>\n
BAM.PR.B<\/td>\nFloater<\/td>\n-1.06 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-06-22
\nMaturity Price : 16.83
\nEvaluated at bid price : 16.83
\nBid-YTW : 3.58 %<\/td>\n<\/tr>\n
BAM.PF.F<\/td>\nFixedReset<\/td>\n1.07 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-06-22
\nMaturity Price : 24.08
\nEvaluated at bid price : 24.48
\nBid-YTW : 5.00 %<\/td>\n<\/tr>\n
IFC.PR.F<\/td>\nDeemed-Retractible<\/td>\n1.18 %<\/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 : 5.46 %<\/td>\n<\/tr>\n
GWO.PR.N<\/td>\nFixedReset<\/td>\n1.59 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 19.20
\nBid-YTW : 7.33 %<\/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
MFC.PR.O<\/td>\nFixedReset<\/td>\n85,280<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2021-06-19
\nMaturity Price : 25.00
\nEvaluated at bid price : 26.26
\nBid-YTW : 3.85 %<\/td>\n<\/tr>\n
RY.PR.W<\/td>\nPerpetual-Discount<\/td>\n80,100<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-06-22
\nMaturity Price : 24.31
\nEvaluated at bid price : 24.62
\nBid-YTW : 5.01 %<\/td>\n<\/tr>\n
BAM.PF.A<\/td>\nFixedReset<\/td>\n75,853<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-06-22
\nMaturity Price : 23.48
\nEvaluated at bid price : 24.40
\nBid-YTW : 5.05 %<\/td>\n<\/tr>\n
NA.PR.G<\/td>\nFixedReset<\/td>\n73,110<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-06-22
\nMaturity Price : 23.13
\nEvaluated at bid price : 24.99
\nBid-YTW : 4.79 %<\/td>\n<\/tr>\n
BAM.PF.D<\/td>\nPerpetual-Discount<\/td>\n68,100<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-06-22
\nMaturity Price : 21.54
\nEvaluated at bid price : 21.82
\nBid-YTW : 5.63 %<\/td>\n<\/tr>\n
BAM.PF.B<\/td>\nFixedReset<\/td>\n56,900<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-06-22
\nMaturity Price : 22.78
\nEvaluated at bid price : 23.40
\nBid-YTW : 4.97 %<\/td>\n<\/tr>\n
There were 24 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.PF.G<\/td>\nFixedReset<\/td>\nQuote: 23.95 – 24.57
\nSpot Rate : 0.6200
\nAverage : 0.4058<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-06-22
\nMaturity Price : 23.63
\nEvaluated at bid price : 23.95
\nBid-YTW : 5.07 %<\/td>\n<\/tr>\n

SLF.PR.D<\/td>\nDeemed-Retractible<\/td>\nQuote: 20.92 – 21.40
\nSpot Rate : 0.4800
\nAverage : 0.2958<\/p>\n

YTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 20.92
\nBid-YTW : 7.66 %<\/td>\n<\/tr>\n

BAM.PF.E<\/td>\nFixedReset<\/td>\nQuote: 23.05 – 23.53
\nSpot Rate : 0.4800
\nAverage : 0.3614<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-06-22
\nMaturity Price : 22.68
\nEvaluated at bid price : 23.05
\nBid-YTW : 4.97 %<\/td>\n<\/tr>\n

CU.PR.G<\/td>\nPerpetual-Discount<\/td>\nQuote: 21.15 – 21.51
\nSpot Rate : 0.3600
\nAverage : 0.2432<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-06-22
\nMaturity Price : 21.15
\nEvaluated at bid price : 21.15
\nBid-YTW : 5.37 %<\/td>\n<\/tr>\n

IFC.PR.F<\/td>\nDeemed-Retractible<\/td>\nQuote: 24.80 – 25.24
\nSpot Rate : 0.4400
\nAverage : 0.3260<\/p>\n

YTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 24.80
\nBid-YTW : 5.46 %<\/td>\n<\/tr>\n

BAM.PR.X<\/td>\nFixedReset<\/td>\nQuote: 18.36 – 18.88
\nSpot Rate : 0.5200
\nAverage : 0.4117<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-06-22
\nMaturity Price : 18.36
\nEvaluated at bid price : 18.36
\nBid-YTW : 4.94 %<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

The Canada Five-Year yield dropped below 2% today (1.97%, to be precise), the first time it’s been there in a while. But the preferred share market had a good day anyway. So go figure … …<\/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-49460","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/49460","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=49460"}],"version-history":[{"count":1,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/49460\/revisions"}],"predecessor-version":[{"id":49461,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/49460\/revisions\/49461"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=49460"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=49460"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=49460"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}