{"id":51107,"date":"2019-12-24T11:45:00","date_gmt":"2019-12-24T16:45:00","guid":{"rendered":"https:\/\/prefblog.com\/?p=51107"},"modified":"2025-11-28T11:45:40","modified_gmt":"2025-11-28T16:45:40","slug":"december-24-2019","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=51107","title":{"rendered":"December 24, 2019"},"content":{"rendered":"

Merry Christmas to all, and to all a good night!<\/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>\n0.2126 %<\/td>\n2,079.6<\/td>\n<\/tr>\n
FixedFloater<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.2126 %<\/td>\n3,816.0<\/td>\n<\/tr>\n
Floater<\/td>\n5.87 %<\/td>\n6.00 %<\/td>\n54,988<\/td>\n13.90<\/td>\n4<\/td>\n0.2126 %<\/td>\n2,199.2<\/td>\n<\/tr>\n
OpRet<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.1121 %<\/td>\n3,446.9<\/td>\n<\/tr>\n
SplitShare<\/td>\n4.62 %<\/td>\n4.29 %<\/td>\n40,159<\/td>\n3.81<\/td>\n7<\/td>\n0.1121 %<\/td>\n4,116.4<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.1121 %<\/td>\n3,211.8<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.57 %<\/td>\n-6.64 %<\/td>\n67,779<\/td>\n0.09<\/td>\n10<\/td>\n0.0118 %<\/td>\n3,041.0<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n5.28 %<\/td>\n5.36 %<\/td>\n72,295<\/td>\n14.85<\/td>\n25<\/td>\n-0.0636 %<\/td>\n3,283.1<\/td>\n<\/tr>\n
FixedReset Disc<\/td>\n5.49 %<\/td>\n5.75 %<\/td>\n221,797<\/td>\n14.28<\/td>\n66<\/td>\n0.0435 %<\/td>\n2,150.4<\/td>\n<\/tr>\n
Deemed-Retractible<\/td>\n5.16 %<\/td>\n5.26 %<\/td>\n70,903<\/td>\n14.95<\/td>\n27<\/td>\n0.1077 %<\/td>\n3,233.9<\/td>\n<\/tr>\n
FloatingReset<\/td>\n6.14 %<\/td>\n6.40 %<\/td>\n136,103<\/td>\n13.34<\/td>\n2<\/td>\n0.8512 %<\/td>\n2,523.4<\/td>\n<\/tr>\n
FixedReset Prem<\/td>\n5.08 %<\/td>\n3.34 %<\/td>\n148,659<\/td>\n1.51<\/td>\n20<\/td>\n0.0852 %<\/td>\n2,652.4<\/td>\n<\/tr>\n
FixedReset Bank Non<\/td>\n1.94 %<\/td>\n3.79 %<\/td>\n67,613<\/td>\n2.04<\/td>\n3<\/td>\n-0.0545 %<\/td>\n2,725.4<\/td>\n<\/tr>\n
FixedReset Ins Non<\/td>\n5.39 %<\/td>\n5.72 %<\/td>\n151,166<\/td>\n14.30<\/td>\n22<\/td>\n0.1305 %<\/td>\n2,181.1<\/td>\n<\/tr>\n<\/table>\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.X<\/td>\nFixedReset Disc<\/td>\n-1.98 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-12-24
\nMaturity Price : 13.38
\nEvaluated at bid price : 13.38
\nBid-YTW : 6.23 %<\/td>\n<\/tr>\n
GWO.PR.N<\/td>\nFixedReset Ins Non<\/td>\n-1.62 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-12-24
\nMaturity Price : 13.36
\nEvaluated at bid price : 13.36
\nBid-YTW : 5.42 %<\/td>\n<\/tr>\n
EIT.PR.B<\/td>\nSplitShare<\/td>\n1.03 %<\/td>\nYTW SCENARIO
\nMaturity Type : Soft Maturity
\nMaturity Date\t: 2025-03-14
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.61
\nBid-YTW : 4.32 %<\/td>\n<\/tr>\n
TRP.PR.F<\/td>\nFloatingReset<\/td>\n1.07 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-12-24
\nMaturity Price : 14.12
\nEvaluated at bid price : 14.12
\nBid-YTW : 6.40 %<\/td>\n<\/tr>\n
BAM.PR.B<\/td>\nFloater<\/td>\n1.23 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-12-24
\nMaturity Price : 11.50
\nEvaluated at bid price : 11.50
\nBid-YTW : 6.03 %<\/td>\n<\/tr>\n
HSE.PR.C<\/td>\nFixedReset Disc<\/td>\n1.23 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-12-24
\nMaturity Price : 17.25
\nEvaluated at bid price : 17.25
\nBid-YTW : 6.93 %<\/td>\n<\/tr>\n
TRP.PR.D<\/td>\nFixedReset Disc<\/td>\n1.27 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-12-24
\nMaturity Price : 16.80
\nEvaluated at bid price : 16.80
\nBid-YTW : 6.02 %<\/td>\n<\/tr>\n
TRP.PR.C<\/td>\nFixedReset Disc<\/td>\n1.28 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-12-24
\nMaturity Price : 12.62
\nEvaluated at bid price : 12.62
\nBid-YTW : 6.24 %<\/td>\n<\/tr>\n
HSE.PR.G<\/td>\nFixedReset Disc<\/td>\n2.14 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-12-24
\nMaturity Price : 18.59
\nEvaluated at bid price : 18.59
\nBid-YTW : 6.95 %<\/td>\n<\/tr>\n
IFC.PR.C<\/td>\nFixedReset Ins Non<\/td>\n2.36 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-12-24
\nMaturity Price : 17.76
\nEvaluated at bid price : 17.76
\nBid-YTW : 5.92 %<\/td>\n<\/tr>\n
TRP.PR.B<\/td>\nFixedReset Disc<\/td>\n2.89 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-12-24
\nMaturity Price : 12.12
\nEvaluated at bid price : 12.12
\nBid-YTW : 5.99 %<\/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
TD.PF.K<\/td>\nFixedReset Disc<\/td>\n25,866<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-12-24
\nMaturity Price : 19.25
\nEvaluated at bid price : 19.25
\nBid-YTW : 5.73 %<\/td>\n<\/tr>\n
PWF.PR.R<\/td>\nPerpetual-Premium<\/td>\n23,700<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-12-24
\nMaturity Price : 24.79
\nEvaluated at bid price : 25.11
\nBid-YTW : 5.55 %<\/td>\n<\/tr>\n
CM.PR.R<\/td>\nFixedReset Disc<\/td>\n20,784<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-12-24
\nMaturity Price : 21.06
\nEvaluated at bid price : 21.06
\nBid-YTW : 5.82 %<\/td>\n<\/tr>\n
CM.PR.S<\/td>\nFixedReset Disc<\/td>\n20,530<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-12-24
\nMaturity Price : 17.93
\nEvaluated at bid price : 17.93
\nBid-YTW : 5.79 %<\/td>\n<\/tr>\n
RY.PR.J<\/td>\nFixedReset Disc<\/td>\n20,256<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-12-24
\nMaturity Price : 19.48
\nEvaluated at bid price : 19.48
\nBid-YTW : 5.65 %<\/td>\n<\/tr>\n
RY.PR.S<\/td>\nFixedReset Disc<\/td>\n18,936<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-12-24
\nMaturity Price : 19.23
\nEvaluated at bid price : 19.23
\nBid-YTW : 5.52 %<\/td>\n<\/tr>\n
There were 11 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
CCS.PR.C<\/td>\nDeemed-Retractible<\/td>\nQuote: 23.51 – 24.50
\nSpot Rate : 0.9900
\nAverage : 0.8029<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-12-24
\nMaturity Price : 23.21
\nEvaluated at bid price : 23.51
\nBid-YTW : 5.33 %<\/td>\n<\/tr>\n

BMO.PR.W<\/td>\nFixedReset Disc<\/td>\nQuote: 17.34 – 17.89
\nSpot Rate : 0.5500
\nAverage : 0.3773<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-12-24
\nMaturity Price : 17.34
\nEvaluated at bid price : 17.34
\nBid-YTW : 5.61 %<\/td>\n<\/tr>\n

PVS.PR.F<\/td>\nSplitShare<\/td>\nQuote: 25.39 – 25.90
\nSpot Rate : 0.5100
\nAverage : 0.3603<\/p>\n

YTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2024-09-30
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.39
\nBid-YTW : 4.51 %<\/td>\n<\/tr>\n

HSE.PR.G<\/td>\nFixedReset Disc<\/td>\nQuote: 18.59 – 19.34
\nSpot Rate : 0.7500
\nAverage : 0.6095<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-12-24
\nMaturity Price : 18.59
\nEvaluated at bid price : 18.59
\nBid-YTW : 6.95 %<\/td>\n<\/tr>\n

PWF.PR.T<\/td>\nFixedReset Disc<\/td>\nQuote: 18.27 – 18.73
\nSpot Rate : 0.4600
\nAverage : 0.3549<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-12-24
\nMaturity Price : 18.27
\nEvaluated at bid price : 18.27
\nBid-YTW : 5.63 %<\/td>\n<\/tr>\n

TD.PF.C<\/td>\nFixedReset Disc<\/td>\nQuote: 17.34 – 17.60
\nSpot Rate : 0.2600
\nAverage : 0.1686<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-12-24
\nMaturity Price : 17.34
\nEvaluated at bid price : 17.34
\nBid-YTW : 5.68 %<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Merry Christmas to all, and to all a good night! 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 …<\/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-51107","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/51107","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=51107"}],"version-history":[{"count":1,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/51107\/revisions"}],"predecessor-version":[{"id":51108,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/51107\/revisions\/51108"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=51107"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=51107"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=51107"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}