{"id":49678,"date":"2018-09-06T21:10:00","date_gmt":"2018-09-07T01:10:00","guid":{"rendered":"https:\/\/prefblog.com\/?p=49678"},"modified":"2025-08-22T21:10:58","modified_gmt":"2025-08-23T01:10:58","slug":"september-6-2018","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=49678","title":{"rendered":"September 6, 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>\n-0.8007 %<\/td>\n3,050.0<\/td>\n<\/tr>\n
FixedFloater<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.8007 %<\/td>\n5,596.7<\/td>\n<\/tr>\n
Floater<\/td>\n3.54 %<\/td>\n3.74 %<\/td>\n40,394<\/td>\n17.89<\/td>\n4<\/td>\n-0.8007 %<\/td>\n3,225.4<\/td>\n<\/tr>\n
OpRet<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.1500 %<\/td>\n3,236.8<\/td>\n<\/tr>\n
SplitShare<\/td>\n4.60 %<\/td>\n4.44 %<\/td>\n53,252<\/td>\n4.83<\/td>\n5<\/td>\n-0.1500 %<\/td>\n3,865.5<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.1500 %<\/td>\n3,016.0<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.54 %<\/td>\n-2.00 %<\/td>\n52,947<\/td>\n0.09<\/td>\n12<\/td>\n-0.0164 %<\/td>\n2,921.3<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n5.41 %<\/td>\n5.54 %<\/td>\n57,789<\/td>\n14.53<\/td>\n22<\/td>\n-0.0530 %<\/td>\n3,000.4<\/td>\n<\/tr>\n
FixedReset Disc<\/td>\n4.10 %<\/td>\n4.88 %<\/td>\n128,738<\/td>\n15.79<\/td>\n39<\/td>\n-0.5214 %<\/td>\n2,582.3<\/td>\n<\/tr>\n
Deemed-Retractible<\/td>\n5.16 %<\/td>\n5.80 %<\/td>\n65,061<\/td>\n5.40<\/td>\n27<\/td>\n0.0000 %<\/td>\n2,995.3<\/td>\n<\/tr>\n
FloatingReset<\/td>\n3.41 %<\/td>\n4.15 %<\/td>\n41,204<\/td>\n5.69<\/td>\n5<\/td>\n-0.5319 %<\/td>\n2,846.9<\/td>\n<\/tr>\n
FixedReset Prem<\/td>\n4.83 %<\/td>\n4.22 %<\/td>\n184,238<\/td>\n2.90<\/td>\n35<\/td>\n-0.3667 %<\/td>\n2,564.8<\/td>\n<\/tr>\n
FixedReset Bank Non<\/td>\n3.19 %<\/td>\n3.38 %<\/td>\n67,227<\/td>\n0.46<\/td>\n9<\/td>\n-0.0631 %<\/td>\n2,574.0<\/td>\n<\/tr>\n
FixedReset Ins Non<\/td>\n4.31 %<\/td>\n5.42 %<\/td>\n93,926<\/td>\n5.50<\/td>\n22<\/td>\n-1.4320 %<\/td>\n2,556.4<\/td>\n<\/tr>\n<\/table>\n\n\n\n\n\n\n\n\n\n\n\n\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
IAG.PR.I<\/td>\nFixedReset Ins Non<\/td>\n-11.03 %<\/td>\nA nonsensical quote from Nonsense Central, as this issue traded 17,020 shares in a range of 24.95-31 before being quoted at 22.51-24.97 by the Exchange. <\/p>\n

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>.<\/p>\n

YTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 22.51
\nBid-YTW : 6.75 %<\/td>\n<\/tr>\n

MFC.PR.Q<\/td>\nFixedReset Ins Non<\/td>\n-7.75 %<\/td>\nAnother nonsensical quote from Nonsense Central (well done, guys!), as this issue traded 22,531 shares in a range of 24.81-98 before being quoted at 22.97-24.92 by the Exchange.<\/p>\n

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>.<\/p>\n

YTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 22.97
\nBid-YTW : 6.27 %<\/td>\n<\/tr>\n

BAM.PR.K<\/td>\nFloater<\/td>\n-2.47 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-09-06
\nMaturity Price : 17.00
\nEvaluated at bid price : 17.00
\nBid-YTW : 3.85 %<\/td>\n<\/tr>\n
GWO.PR.N<\/td>\nFixedReset Ins Non<\/td>\n-2.16 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 18.54
\nBid-YTW : 8.17 %<\/td>\n<\/tr>\n
IAG.PR.G<\/td>\nFixedReset Ins Non<\/td>\n-2.00 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 23.57
\nBid-YTW : 5.31 %<\/td>\n<\/tr>\n
W.PR.H<\/td>\nPerpetual-Discount<\/td>\n-1.72 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-09-06
\nMaturity Price : 24.26
\nEvaluated at bid price : 24.56
\nBid-YTW : 5.68 %<\/td>\n<\/tr>\n
NA.PR.E<\/td>\nFixedReset Disc<\/td>\n-1.69 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-09-06
\nMaturity Price : 22.76
\nEvaluated at bid price : 23.92
\nBid-YTW : 4.89 %<\/td>\n<\/tr>\n
BAM.PF.B<\/td>\nFixedReset Disc<\/td>\n-1.53 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-09-06
\nMaturity Price : 23.02
\nEvaluated at bid price : 23.75
\nBid-YTW : 5.06 %<\/td>\n<\/tr>\n
CU.PR.C<\/td>\nFixedReset Disc<\/td>\n-1.42 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-09-06
\nMaturity Price : 21.90
\nEvaluated at bid price : 22.28
\nBid-YTW : 4.86 %<\/td>\n<\/tr>\n
MFC.PR.L<\/td>\nFixedReset Ins Non<\/td>\n-1.36 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 22.49
\nBid-YTW : 6.20 %<\/td>\n<\/tr>\n
RY.PR.H<\/td>\nFixedReset Disc<\/td>\n-1.35 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-09-06
\nMaturity Price : 22.76
\nEvaluated at bid price : 23.32
\nBid-YTW : 4.71 %<\/td>\n<\/tr>\n
TRP.PR.F<\/td>\nFloatingReset<\/td>\n-1.25 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-09-06
\nMaturity Price : 20.49
\nEvaluated at bid price : 20.49
\nBid-YTW : 4.24 %<\/td>\n<\/tr>\n
W.PR.M<\/td>\nFixedReset Prem<\/td>\n-1.19 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2021-10-15
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.65
\nBid-YTW : 4.58 %<\/td>\n<\/tr>\n
MFC.PR.G<\/td>\nFixedReset Ins Non<\/td>\n-1.17 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2021-12-19
\nMaturity Price : 25.00
\nEvaluated at bid price : 24.41
\nBid-YTW : 4.65 %<\/td>\n<\/tr>\n
BAM.PR.T<\/td>\nFixedReset Disc<\/td>\n-1.16 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-09-06
\nMaturity Price : 21.32
\nEvaluated at bid price : 21.32
\nBid-YTW : 5.07 %<\/td>\n<\/tr>\n
PWF.PR.Q<\/td>\nFloatingReset<\/td>\n-1.15 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-09-06
\nMaturity Price : 21.27
\nEvaluated at bid price : 21.55
\nBid-YTW : 3.67 %<\/td>\n<\/tr>\n
TRP.PR.D<\/td>\nFixedReset Disc<\/td>\n-1.10 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-09-06
\nMaturity Price : 21.95
\nEvaluated at bid price : 22.50
\nBid-YTW : 5.05 %<\/td>\n<\/tr>\n
BAM.PF.J<\/td>\nFixedReset Prem<\/td>\n-1.01 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2022-12-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.60
\nBid-YTW : 4.38 %<\/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
RY.PR.W<\/td>\nPerpetual-Discount<\/td>\n179,198<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-09-06
\nMaturity Price : 24.55
\nEvaluated at bid price : 24.80
\nBid-YTW : 4.97 %<\/td>\n<\/tr>\n
RY.PR.J<\/td>\nFixedReset Disc<\/td>\n142,547<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-09-06
\nMaturity Price : 24.09
\nEvaluated at bid price : 24.41
\nBid-YTW : 4.92 %<\/td>\n<\/tr>\n
BAM.PF.F<\/td>\nFixedReset Disc<\/td>\n92,608<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-09-06
\nMaturity Price : 24.68
\nEvaluated at bid price : 25.00
\nBid-YTW : 5.06 %<\/td>\n<\/tr>\n
NA.PR.G<\/td>\nFixedReset Prem<\/td>\n87,100<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-09-06
\nMaturity Price : 23.29
\nEvaluated at bid price : 25.45
\nBid-YTW : 4.82 %<\/td>\n<\/tr>\n
EMA.PR.H<\/td>\nFixedReset Prem<\/td>\n78,200<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-09-06
\nMaturity Price : 23.21
\nEvaluated at bid price : 25.15
\nBid-YTW : 4.80 %<\/td>\n<\/tr>\n
MFC.PR.J<\/td>\nFixedReset Ins Non<\/td>\n77,316<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2023-03-19
\nMaturity Price : 25.00
\nEvaluated at bid price : 24.98
\nBid-YTW : 4.74 %<\/td>\n<\/tr>\n
There were 30 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
IAG.PR.I<\/td>\nFixedReset Ins Non<\/td>\nQuote: 22.51 – 24.97
\nSpot Rate : 2.4600
\nAverage : 1.3153<\/p>\n

YTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 22.51
\nBid-YTW : 6.75 %<\/td>\n<\/tr>\n

MFC.PR.Q<\/td>\nFixedReset Ins Non<\/td>\nQuote: 22.97 – 24.90
\nSpot Rate : 1.9300
\nAverage : 1.0679<\/p>\n

YTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 22.97
\nBid-YTW : 6.27 %<\/td>\n<\/tr>\n

BAM.PR.K<\/td>\nFloater<\/td>\nQuote: 17.00 – 17.88
\nSpot Rate : 0.8800
\nAverage : 0.5637<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-09-06
\nMaturity Price : 17.00
\nEvaluated at bid price : 17.00
\nBid-YTW : 3.85 %<\/td>\n<\/tr>\n

W.PR.H<\/td>\nPerpetual-Discount<\/td>\nQuote: 24.56 – 25.00
\nSpot Rate : 0.4400
\nAverage : 0.2556<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-09-06
\nMaturity Price : 24.26
\nEvaluated at bid price : 24.56
\nBid-YTW : 5.68 %<\/td>\n<\/tr>\n

BAM.PR.B<\/td>\nFloater<\/td>\nQuote: 17.50 – 17.88
\nSpot Rate : 0.3800
\nAverage : 0.2324<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-09-06
\nMaturity Price : 17.50
\nEvaluated at bid price : 17.50
\nBid-YTW : 3.74 %<\/td>\n<\/tr>\n

TRP.PR.F<\/td>\nFloatingReset<\/td>\nQuote: 20.49 – 20.97
\nSpot Rate : 0.4800
\nAverage : 0.3334<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-09-06
\nMaturity Price : 20.49
\nEvaluated at bid price : 20.49
\nBid-YTW : 4.24 %<\/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-49678","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/49678","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=49678"}],"version-history":[{"count":1,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/49678\/revisions"}],"predecessor-version":[{"id":49679,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/49678\/revisions\/49679"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=49678"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=49678"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=49678"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}