{"id":50810,"date":"2019-09-27T11:24:00","date_gmt":"2019-09-27T15:24:00","guid":{"rendered":"https:\/\/prefblog.com\/?p=50810"},"modified":"2025-11-18T11:24:49","modified_gmt":"2025-11-18T16:24:49","slug":"september-27-2019-2","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=50810","title":{"rendered":"September 27, 2019"},"content":{"rendered":"

Due to other commitments, the Market Action report for September 27 may be delayed a bit, maybe ’til Monday.<\/p>\n\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-0.8920 %<\/td>\n1,888.1<\/td>\n<\/tr>\n
FixedFloater<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.8920 %<\/td>\n3,464.6<\/td>\n<\/tr>\n
Floater<\/td>\n6.38 %<\/td>\n6.55 %<\/td>\n47,975<\/td>\n13.12<\/td>\n4<\/td>\n-0.8920 %<\/td>\n1,996.7<\/td>\n<\/tr>\n
OpRet<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.0282 %<\/td>\n3,377.8<\/td>\n<\/tr>\n
SplitShare<\/td>\n4.66 %<\/td>\n4.61 %<\/td>\n54,099<\/td>\n4.00<\/td>\n7<\/td>\n0.0282 %<\/td>\n4,033.8<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.0282 %<\/td>\n3,147.4<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.59 %<\/td>\n-17.70 %<\/td>\n62,230<\/td>\n0.09<\/td>\n6<\/td>\n0.0974 %<\/td>\n2,999.5<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n5.41 %<\/td>\n5.50 %<\/td>\n65,955<\/td>\n14.51<\/td>\n28<\/td>\n0.0786 %<\/td>\n3,173.4<\/td>\n<\/tr>\n
FixedReset Disc<\/td>\n5.56 %<\/td>\n5.50 %<\/td>\n166,584<\/td>\n14.45<\/td>\n73<\/td>\n0.2353 %<\/td>\n2,067.2<\/td>\n<\/tr>\n
Deemed-Retractible<\/td>\n5.22 %<\/td>\n5.80 %<\/td>\n69,893<\/td>\n7.90<\/td>\n27<\/td>\n0.0600 %<\/td>\n3,153.2<\/td>\n<\/tr>\n
FloatingReset<\/td>\n4.55 %<\/td>\n6.72 %<\/td>\n56,755<\/td>\n7.96<\/td>\n3<\/td>\n0.1978 %<\/td>\n2,342.9<\/td>\n<\/tr>\n
FixedReset Prem<\/td>\n5.24 %<\/td>\n3.89 %<\/td>\n130,350<\/td>\n1.58<\/td>\n14<\/td>\n0.1812 %<\/td>\n2,588.8<\/td>\n<\/tr>\n
FixedReset Bank Non<\/td>\n1.97 %<\/td>\n4.20 %<\/td>\n86,958<\/td>\n2.27<\/td>\n3<\/td>\n0.6406 %<\/td>\n2,672.8<\/td>\n<\/tr>\n
FixedReset Ins Non<\/td>\n5.51 %<\/td>\n8.18 %<\/td>\n103,361<\/td>\n7.91<\/td>\n21<\/td>\n0.1397 %<\/td>\n2,095.1<\/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
Performance Highlights<\/strong><\/td>\n<\/tr>\n
Issue<\/td>\nIndex<\/td>\nChange<\/td>\nNotes<\/td>\n<\/tr>\n
BAM.PR.B<\/td>\nFloater<\/td>\n-1.49 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-09-26
\nMaturity Price : 10.60
\nEvaluated at bid price : 10.60
\nBid-YTW : 6.55 %<\/td>\n<\/tr>\n
MFC.PR.G<\/td>\nFixedReset Ins Non<\/td>\n-1.30 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2030-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 18.21
\nBid-YTW : 8.18 %<\/td>\n<\/tr>\n
BAM.PF.E<\/td>\nFixedReset Disc<\/td>\n-1.20 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-09-26
\nMaturity Price : 15.65
\nEvaluated at bid price : 15.65
\nBid-YTW : 6.37 %<\/td>\n<\/tr>\n
BAM.PR.C<\/td>\nFloater<\/td>\n-1.03 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-09-26
\nMaturity Price : 10.60
\nEvaluated at bid price : 10.60
\nBid-YTW : 6.55 %<\/td>\n<\/tr>\n
MFC.PR.B<\/td>\nDeemed-Retractible<\/td>\n1.03 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2030-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 21.68
\nBid-YTW : 6.48 %<\/td>\n<\/tr>\n
TRP.PR.E<\/td>\nFixedReset Disc<\/td>\n1.03 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-09-26
\nMaturity Price : 15.65
\nEvaluated at bid price : 15.65
\nBid-YTW : 6.09 %<\/td>\n<\/tr>\n
BAM.PR.Z<\/td>\nFixedReset Disc<\/td>\n1.10 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-09-26
\nMaturity Price : 18.30
\nEvaluated at bid price : 18.30
\nBid-YTW : 6.08 %<\/td>\n<\/tr>\n
CM.PR.T<\/td>\nFixedReset Disc<\/td>\n1.19 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-09-26
\nMaturity Price : 22.78
\nEvaluated at bid price : 23.95
\nBid-YTW : 4.97 %<\/td>\n<\/tr>\n
BNS.PR.Y<\/td>\nFixedReset Bank Non<\/td>\n1.24 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2022-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 24.55
\nBid-YTW : 3.25 %<\/td>\n<\/tr>\n
BAM.PR.X<\/td>\nFixedReset Disc<\/td>\n1.25 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-09-26
\nMaturity Price : 12.91
\nEvaluated at bid price : 12.91
\nBid-YTW : 6.07 %<\/td>\n<\/tr>\n
CM.PR.O<\/td>\nFixedReset Disc<\/td>\n1.28 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-09-26
\nMaturity Price : 16.60
\nEvaluated at bid price : 16.60
\nBid-YTW : 5.59 %<\/td>\n<\/tr>\n
BNS.PR.I<\/td>\nFixedReset Disc<\/td>\n1.36 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-09-26
\nMaturity Price : 20.13
\nEvaluated at bid price : 20.13
\nBid-YTW : 5.15 %<\/td>\n<\/tr>\n
BAM.PR.T<\/td>\nFixedReset Disc<\/td>\n1.37 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-09-26
\nMaturity Price : 14.80
\nEvaluated at bid price : 14.80
\nBid-YTW : 6.23 %<\/td>\n<\/tr>\n
NA.PR.G<\/td>\nFixedReset Disc<\/td>\n1.38 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-09-26
\nMaturity Price : 19.82
\nEvaluated at bid price : 19.82
\nBid-YTW : 5.57 %<\/td>\n<\/tr>\n
IFC.PR.C<\/td>\nFixedReset Ins Non<\/td>\n1.61 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2030-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 16.99
\nBid-YTW : 8.66 %<\/td>\n<\/tr>\n
BMO.PR.E<\/td>\nFixedReset Disc<\/td>\n1.78 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-09-26
\nMaturity Price : 20.05
\nEvaluated at bid price : 20.05
\nBid-YTW : 5.38 %<\/td>\n<\/tr>\n
IFC.PR.A<\/td>\nFixedReset Ins Non<\/td>\n2.15 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2030-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 13.80
\nBid-YTW : 10.46 %<\/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
CU.PR.C<\/td>\nFixedReset Disc<\/td>\n302,100<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-09-26
\nMaturity Price : 16.61
\nEvaluated at bid price : 16.61
\nBid-YTW : 5.68 %<\/td>\n<\/tr>\n
BNS.PR.H<\/td>\nFixedReset Disc<\/td>\n283,348<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2022-01-26
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.40
\nBid-YTW : 4.51 %<\/td>\n<\/tr>\n
BMO.PR.T<\/td>\nFixedReset Disc<\/td>\n85,927<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-09-26
\nMaturity Price : 16.70
\nEvaluated at bid price : 16.70
\nBid-YTW : 5.50 %<\/td>\n<\/tr>\n
IFC.PR.A<\/td>\nFixedReset Ins Non<\/td>\n76,371<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2030-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 13.80
\nBid-YTW : 10.46 %<\/td>\n<\/tr>\n
POW.PR.D<\/td>\nPerpetual-Discount<\/td>\n73,860<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-09-26
\nMaturity Price : 22.03
\nEvaluated at bid price : 22.26
\nBid-YTW : 5.62 %<\/td>\n<\/tr>\n
MFC.PR.R<\/td>\nFixedReset Ins Non<\/td>\n49,584<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2030-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 24.05
\nBid-YTW : 5.66 %<\/td>\n<\/tr>\n
There were 36 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
HSE.PR.E<\/td>\nFixedReset Disc<\/td>\nQuote: 17.70 – 18.36
\nSpot Rate : 0.6600
\nAverage : 0.4828<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-09-26
\nMaturity Price : 17.70
\nEvaluated at bid price : 17.70
\nBid-YTW : 7.03 %<\/td>\n<\/tr>\n

BMO.PR.F<\/td>\nFixedReset Disc<\/td>\nQuote: 24.27 – 24.65
\nSpot Rate : 0.3800
\nAverage : 0.2319<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-09-26
\nMaturity Price : 22.91
\nEvaluated at bid price : 24.27
\nBid-YTW : 5.08 %<\/td>\n<\/tr>\n

HSE.PR.A<\/td>\nFixedReset Disc<\/td>\nQuote: 10.54 – 11.25
\nSpot Rate : 0.7100
\nAverage : 0.5632<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-09-26
\nMaturity Price : 10.54
\nEvaluated at bid price : 10.54
\nBid-YTW : 7.26 %<\/td>\n<\/tr>\n

TD.PF.D<\/td>\nFixedReset Disc<\/td>\nQuote: 19.32 – 19.72
\nSpot Rate : 0.4000
\nAverage : 0.2868<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-09-26
\nMaturity Price : 19.32
\nEvaluated at bid price : 19.32
\nBid-YTW : 5.46 %<\/td>\n<\/tr>\n

IAF.PR.G<\/td>\nFixedReset Ins Non<\/td>\nQuote: 18.81 – 19.32
\nSpot Rate : 0.5100
\nAverage : 0.4205<\/p>\n

YTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2030-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 18.81
\nBid-YTW : 7.63 %<\/td>\n<\/tr>\n

EML.PR.A<\/td>\nFixedReset Ins Non<\/td>\nQuote: 25.50 – 25.84
\nSpot Rate : 0.3400
\nAverage : 0.2515<\/p>\n

YTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2021-04-17
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.50
\nBid-YTW : 4.21 %<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Due to other commitments, the Market Action report for September 27 may be delayed a bit, maybe ’til Monday. HIMIPref™ Preferred IndicesThese values reflect the December 2008 revision of the HIMIPref™ IndicesValues are provisional and …<\/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-50810","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/50810","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=50810"}],"version-history":[{"count":1,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/50810\/revisions"}],"predecessor-version":[{"id":50811,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/50810\/revisions\/50811"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=50810"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=50810"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=50810"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}