November 26, 2019

This is cool … a way for retail to earn stock loan income from Interactive Brokers:

Earn extra income on the fully-paid shares of stock held in your account by joining IBKR’s Stock Yield Enhancement Program. This plan allows IBKR to borrow shares from you in exchange for cash collateral, and then lend the shares to traders who want to sell them short and are willing to pay interest to borrow them. Each day that your stock is on loan, you will be paid interest on the cash collateral posted to your account for the loan based on market rates.

IBKR pays you 50% of the income it earns from lending the shares.

The program is available to eligible IBKR clients who have been approved for a margin account, or who have a cash account with equity greater than 50,000 USD.

HIMIPref™ Preferred Indices
These values reflect the December 2008 revision of the HIMIPref™ Indices

Values are provisional and are finalized monthly
Index Mean
Current
Yield
(at bid)
Median
YTW
Median
Average
Trading
Value
Median
Mod Dur
(YTW)
Issues Day’s Perf. Index Value
Ratchet 0.00 % 0.00 % 0 0.00 0 -0.2877 % 1,969.3
FixedFloater 0.00 % 0.00 % 0 0.00 0 -0.2877 % 3,613.5
Floater 6.14 % 6.31 % 43,907 13.36 4 -0.2877 % 2,082.5
OpRet 0.00 % 0.00 % 0 0.00 0 0.0394 % 3,422.2
SplitShare 4.65 % 4.43 % 47,282 3.88 7 0.0394 % 4,086.8
Interest-Bearing 0.00 % 0.00 % 0 0.00 0 0.0394 % 3,188.7
Perpetual-Premium 5.54 % -17.74 % 49,791 0.09 10 -0.0156 % 3,046.2
Perpetual-Discount 5.29 % 5.39 % 69,308 14.80 25 -0.0017 % 3,263.5
FixedReset Disc 5.59 % 5.67 % 182,075 14.34 66 -0.5200 % 2,102.4
Deemed-Retractible 5.16 % 5.29 % 67,943 14.77 27 -0.1221 % 3,208.8
FloatingReset 6.29 % 6.65 % 112,735 12.90 2 0.2068 % 2,443.0
FixedReset Prem 5.11 % 3.65 % 159,997 1.58 20 -0.0915 % 2,625.2
FixedReset Bank Non 1.96 % 4.15 % 69,057 2.11 3 -0.2338 % 2,696.0
FixedReset Ins Non 5.44 % 5.63 % 120,419 14.39 22 -0.4011 % 2,148.0
Performance Highlights
Issue Index Change Notes
HSE.PR.G FixedReset Disc -2.23 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-11-26
Maturity Price : 17.51
Evaluated at bid price : 17.51
Bid-YTW : 7.31 %
PWF.PR.P FixedReset Disc -2.18 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-11-26
Maturity Price : 12.57
Evaluated at bid price : 12.57
Bid-YTW : 6.15 %
BAM.PR.R FixedReset Disc -2.13 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-11-26
Maturity Price : 15.15
Evaluated at bid price : 15.15
Bid-YTW : 6.27 %
BAM.PR.T FixedReset Disc -2.00 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-11-26
Maturity Price : 15.20
Evaluated at bid price : 15.20
Bid-YTW : 6.30 %
BMO.PR.C FixedReset Disc -1.93 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-11-26
Maturity Price : 21.50
Evaluated at bid price : 21.87
Bid-YTW : 5.49 %
MFC.PR.M FixedReset Ins Non -1.85 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-11-26
Maturity Price : 17.00
Evaluated at bid price : 17.00
Bid-YTW : 5.71 %
BMO.PR.Y FixedReset Disc -1.79 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-11-26
Maturity Price : 18.65
Evaluated at bid price : 18.65
Bid-YTW : 5.68 %
SLF.PR.J FloatingReset -1.70 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-11-26
Maturity Price : 12.78
Evaluated at bid price : 12.78
Bid-YTW : 6.02 %
NA.PR.E FixedReset Disc -1.67 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-11-26
Maturity Price : 18.26
Evaluated at bid price : 18.26
Bid-YTW : 5.80 %
BMO.PR.D FixedReset Disc -1.65 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-11-26
Maturity Price : 20.88
Evaluated at bid price : 20.88
Bid-YTW : 5.59 %
MFC.PR.N FixedReset Ins Non -1.61 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-11-26
Maturity Price : 16.52
Evaluated at bid price : 16.52
Bid-YTW : 5.78 %
SLF.PR.G FixedReset Ins Non -1.57 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-11-26
Maturity Price : 12.91
Evaluated at bid price : 12.91
Bid-YTW : 5.63 %
NA.PR.S FixedReset Disc -1.44 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-11-26
Maturity Price : 17.10
Evaluated at bid price : 17.10
Bid-YTW : 5.81 %
MFC.PR.F FixedReset Ins Non -1.43 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-11-26
Maturity Price : 12.42
Evaluated at bid price : 12.42
Bid-YTW : 5.76 %
TRP.PR.B FixedReset Disc -1.30 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-11-26
Maturity Price : 11.37
Evaluated at bid price : 11.37
Bid-YTW : 6.20 %
BAM.PF.A FixedReset Disc -1.30 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-11-26
Maturity Price : 19.75
Evaluated at bid price : 19.75
Bid-YTW : 5.89 %
NA.PR.W FixedReset Disc -1.18 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-11-26
Maturity Price : 15.86
Evaluated at bid price : 15.86
Bid-YTW : 5.98 %
SLF.PR.I FixedReset Ins Non -1.08 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-11-26
Maturity Price : 18.23
Evaluated at bid price : 18.23
Bid-YTW : 5.75 %
HSE.PR.E FixedReset Disc -1.06 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-11-26
Maturity Price : 17.75
Evaluated at bid price : 17.75
Bid-YTW : 7.29 %
GWO.PR.T Deemed-Retractible -1.06 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-11-26
Maturity Price : 23.88
Evaluated at bid price : 24.29
Bid-YTW : 5.37 %
MFC.PR.Q FixedReset Ins Non 1.02 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-11-26
Maturity Price : 18.82
Evaluated at bid price : 18.82
Bid-YTW : 5.58 %
MFC.PR.J FixedReset Ins Non 1.24 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-11-26
Maturity Price : 18.73
Evaluated at bid price : 18.73
Bid-YTW : 5.67 %
TRP.PR.F FloatingReset 2.08 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-11-26
Maturity Price : 13.75
Evaluated at bid price : 13.75
Bid-YTW : 6.65 %
Volume Highlights
Issue Index Shares
Traded
Notes
CM.PR.R FixedReset Disc 267,541 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-11-26
Maturity Price : 21.40
Evaluated at bid price : 21.40
Bid-YTW : 5.68 %
MFC.PR.O FixedReset Ins Non 107,900 YTW SCENARIO
Maturity Type : Call
Maturity Date : 2021-06-19
Maturity Price : 25.00
Evaluated at bid price : 25.75
Bid-YTW : 3.41 %
TD.PF.C FixedReset Disc 91,300 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-11-26
Maturity Price : 16.97
Evaluated at bid price : 16.97
Bid-YTW : 5.60 %
GWO.PR.G Deemed-Retractible 60,750 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-11-26
Maturity Price : 24.28
Evaluated at bid price : 24.58
Bid-YTW : 5.36 %
W.PR.M FixedReset Prem 54,090 YTW SCENARIO
Maturity Type : Call
Maturity Date : 2021-10-15
Maturity Price : 25.00
Evaluated at bid price : 25.86
Bid-YTW : 3.65 %
TD.PF.K FixedReset Disc 50,500 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-11-26
Maturity Price : 19.31
Evaluated at bid price : 19.31
Bid-YTW : 5.57 %
There were 48 other index-included issues trading in excess of 10,000 shares.
Wide Spread Highlights
Issue Index Quote Data and Yield Notes
CU.PR.H Perpetual-Discount Quote: 24.56 – 24.95
Spot Rate : 0.3900
Average : 0.2463

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-11-26
Maturity Price : 24.07
Evaluated at bid price : 24.56
Bid-YTW : 5.35 %

SLF.PR.J FloatingReset Quote: 12.78 – 13.20
Spot Rate : 0.4200
Average : 0.2794

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-11-26
Maturity Price : 12.78
Evaluated at bid price : 12.78
Bid-YTW : 6.02 %

PWF.PR.P FixedReset Disc Quote: 12.57 – 12.99
Spot Rate : 0.4200
Average : 0.2817

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-11-26
Maturity Price : 12.57
Evaluated at bid price : 12.57
Bid-YTW : 6.15 %

W.PR.M FixedReset Prem Quote: 25.86 – 26.24
Spot Rate : 0.3800
Average : 0.2465

YTW SCENARIO
Maturity Type : Call
Maturity Date : 2021-10-15
Maturity Price : 25.00
Evaluated at bid price : 25.86
Bid-YTW : 3.65 %

HSE.PR.G FixedReset Disc Quote: 17.51 – 17.90
Spot Rate : 0.3900
Average : 0.2583

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-11-26
Maturity Price : 17.51
Evaluated at bid price : 17.51
Bid-YTW : 7.31 %

SLF.PR.I FixedReset Ins Non Quote: 18.23 – 18.53
Spot Rate : 0.3000
Average : 0.1804

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-11-26
Maturity Price : 18.23
Evaluated at bid price : 18.23
Bid-YTW : 5.75 %

One Response to “November 26, 2019”

  1. sugarandhoney says:

    Why is Interactive Broker offering attractive interest on idle cash and now on lending fee for stocks held in your account?

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