{"id":49644,"date":"2018-09-18T20:27:00","date_gmt":"2018-09-19T00:27:00","guid":{"rendered":"https:\/\/prefblog.com\/?p=49644"},"modified":"2025-08-22T20:27:46","modified_gmt":"2025-08-23T00:27:46","slug":"september-18-2018","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=49644","title":{"rendered":"September 18, 2018"},"content":{"rendered":"\n\n\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>\n0.7209 %<\/td>\n3,106.2<\/td>\n<\/tr>\n
FixedFloater<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.7209 %<\/td>\n5,699.7<\/td>\n<\/tr>\n
Floater<\/td>\n3.50 %<\/td>\n3.65 %<\/td>\n38,541<\/td>\n18.18<\/td>\n4<\/td>\n0.7209 %<\/td>\n3,284.7<\/td>\n<\/tr>\n
OpRet<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.0159 %<\/td>\n3,228.9<\/td>\n<\/tr>\n
SplitShare<\/td>\n4.61 %<\/td>\n4.62 %<\/td>\n57,135<\/td>\n4.80<\/td>\n5<\/td>\n0.0159 %<\/td>\n3,856.0<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.0159 %<\/td>\n3,008.6<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.54 %<\/td>\n0.55 %<\/td>\n52,286<\/td>\n0.12<\/td>\n12<\/td>\n0.0098 %<\/td>\n2,918.7<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n5.43 %<\/td>\n5.53 %<\/td>\n56,881<\/td>\n14.52<\/td>\n22<\/td>\n-0.0374 %<\/td>\n2,997.3<\/td>\n<\/tr>\n
FixedReset Disc<\/td>\n4.18 %<\/td>\n4.98 %<\/td>\n140,965<\/td>\n15.65<\/td>\n42<\/td>\n0.1520 %<\/td>\n2,577.2<\/td>\n<\/tr>\n
Deemed-Retractible<\/td>\n5.15 %<\/td>\n5.93 %<\/td>\n59,547<\/td>\n5.37<\/td>\n27<\/td>\n-0.0344 %<\/td>\n3,001.1<\/td>\n<\/tr>\n
FloatingReset<\/td>\n3.36 %<\/td>\n4.14 %<\/td>\n41,910<\/td>\n5.66<\/td>\n5<\/td>\n-0.0271 %<\/td>\n2,851.6<\/td>\n<\/tr>\n
FixedReset Prem<\/td>\n4.83 %<\/td>\n4.15 %<\/td>\n167,147<\/td>\n3.07<\/td>\n35<\/td>\n0.0569 %<\/td>\n2,567.5<\/td>\n<\/tr>\n
FixedReset Bank Non<\/td>\n3.19 %<\/td>\n3.66 %<\/td>\n67,757<\/td>\n0.43<\/td>\n9<\/td>\n0.1627 %<\/td>\n2,573.2<\/td>\n<\/tr>\n
FixedReset Ins Non<\/td>\n4.30 %<\/td>\n5.12 %<\/td>\n91,934<\/td>\n5.43<\/td>\n22<\/td>\n0.0760 %<\/td>\n2,577.2<\/td>\n<\/tr>\n<\/table>\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.L<\/td>\nFixedReset Ins Non<\/td>\n1.02 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 22.79
\nBid-YTW : 6.08 %<\/td>\n<\/tr>\n
PWF.PR.P<\/td>\nFixedReset Disc<\/td>\n1.03 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-09-18
\nMaturity Price : 19.54
\nEvaluated at bid price : 19.54
\nBid-YTW : 4.73 %<\/td>\n<\/tr>\n
BAM.PR.B<\/td>\nFloater<\/td>\n1.15 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-09-18
\nMaturity Price : 17.65
\nEvaluated at bid price : 17.65
\nBid-YTW : 3.66 %<\/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
BMO.PR.E<\/td>\nFixedReset Disc<\/td>\n530,541<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-09-18
\nMaturity Price : 23.15
\nEvaluated at bid price : 25.00
\nBid-YTW : 4.83 %<\/td>\n<\/tr>\n
TD.PR.Y<\/td>\nFixedReset Bank Non<\/td>\n98,800<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2018-10-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.14
\nBid-YTW : 2.86 %<\/td>\n<\/tr>\n
BNS.PR.D<\/td>\nFloatingReset<\/td>\n77,700<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2022-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 24.27
\nBid-YTW : 3.56 %<\/td>\n<\/tr>\n
TD.PF.K<\/td>\nFixedReset Disc<\/td>\n64,700<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-09-18
\nMaturity Price : 23.15
\nEvaluated at bid price : 24.98
\nBid-YTW : 4.75 %<\/td>\n<\/tr>\n
RY.PR.Q<\/td>\nFixedReset Prem<\/td>\n57,000<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2021-05-24
\nMaturity Price : 25.00
\nEvaluated at bid price : 26.27
\nBid-YTW : 3.66 %<\/td>\n<\/tr>\n
BMO.PR.C<\/td>\nFixedReset Prem<\/td>\n55,100<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2022-05-25
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.35
\nBid-YTW : 4.19 %<\/td>\n<\/tr>\n
There were 19 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
MFC.PR.R<\/td>\nFixedReset Ins Non<\/td>\nQuote: 25.73 – 26.28
\nSpot Rate : 0.5500
\nAverage : 0.3612<\/p>\n

YTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2022-03-19
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.73
\nBid-YTW : 3.97 %<\/td>\n<\/tr>\n

MFC.PR.K<\/td>\nFixedReset Ins Non<\/td>\nQuote: 22.31 – 23.15
\nSpot Rate : 0.8400
\nAverage : 0.7378<\/p>\n

YTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 22.31
\nBid-YTW : 6.59 %<\/td>\n<\/tr>\n

BAM.PR.X<\/td>\nFixedReset Disc<\/td>\nQuote: 19.05 – 19.49
\nSpot Rate : 0.4400
\nAverage : 0.3606<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-09-18
\nMaturity Price : 19.05
\nEvaluated at bid price : 19.05
\nBid-YTW : 4.97 %<\/td>\n<\/tr>\n

MFC.PR.F<\/td>\nFixedReset Ins Non<\/td>\nQuote: 18.60 – 18.85
\nSpot Rate : 0.2500
\nAverage : 0.1775<\/p>\n

YTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 18.60
\nBid-YTW : 8.24 %<\/td>\n<\/tr>\n

BAM.PF.J<\/td>\nFixedReset Prem<\/td>\nQuote: 25.20 – 25.55
\nSpot Rate : 0.3500
\nAverage : 0.2862<\/p>\n

YTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2022-12-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.20
\nBid-YTW : 4.53 %<\/td>\n<\/tr>\n

IAG.PR.A<\/td>\nDeemed-Retractible<\/td>\nQuote: 22.20 – 22.50
\nSpot Rate : 0.3000
\nAverage : 0.2468<\/p>\n

YTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 22.20
\nBid-YTW : 6.81 %<\/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-49644","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/49644","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=49644"}],"version-history":[{"count":1,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/49644\/revisions"}],"predecessor-version":[{"id":49645,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/49644\/revisions\/49645"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=49644"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=49644"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=49644"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}