Jobs, jobs … , well, money, anyway!:
The 156,000 increase in December payrolls followed a 204,000 rise in November that was bigger than previously estimated, a Labor Department report showed Friday in Washington. The median forecast in a Bloomberg survey of economists called for a 175,000 advance. The jobless rate ticked up to 4.7 percent as the labor force grew, and wages rose 2.9 percent from December 2015.
| HIMIPref™ Preferred Indices These values reflect the December 2008 revision of the HIMIPref™ Indices Values are provisional and are finalized monthly |
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| Index | Mean Current Yield (at bid) |
Median YTW |
Median Average Trading Value |
Median Mod Dur (YTW) |
Issues | Day’s Perf. | Index Value |
| Ratchet | 4.27 % | 5.14 % | 23,240 | 17.72 | 1 | 0.2538 % | 1,818.7 |
| FixedFloater | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.6910 % | 3,409.0 |
| Floater | 4.05 % | 4.18 % | 53,448 | 17.08 | 4 | 0.6910 % | 1,964.6 |
| OpRet | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.0462 % | 2,942.8 |
| SplitShare | 4.82 % | 4.46 % | 79,967 | 4.24 | 6 | -0.0462 % | 3,514.3 |
| Interest-Bearing | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.0462 % | 2,742.0 |
| Perpetual-Premium | 5.59 % | -3.82 % | 76,692 | 0.09 | 13 | 0.2462 % | 2,694.2 |
| Perpetual-Discount | 5.30 % | 5.35 % | 96,697 | 14.90 | 25 | 0.2196 % | 2,811.4 |
| FixedReset | 4.61 % | 4.42 % | 225,711 | 6.79 | 96 | 0.4822 % | 2,224.3 |
| Deemed-Retractible | 5.12 % | 3.17 % | 131,688 | 0.23 | 32 | 0.1285 % | 2,784.3 |
| FloatingReset | 2.45 % | 3.42 % | 38,955 | 4.77 | 11 | 0.4038 % | 2,393.2 |
| Performance Highlights | |||
| Issue | Index | Change | Notes |
| TRP.PR.H | FloatingReset | -1.57 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2047-01-06 Maturity Price : 12.50 Evaluated at bid price : 12.50 Bid-YTW : 3.42 % |
| RY.PR.Z | FixedReset | 1.00 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2047-01-06 Maturity Price : 20.11 Evaluated at bid price : 20.11 Bid-YTW : 4.32 % |
| TRP.PR.E | FixedReset | 1.01 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2047-01-06 Maturity Price : 20.03 Evaluated at bid price : 20.03 Bid-YTW : 4.50 % |
| TRP.PR.J | FixedReset | 1.06 % | YTW SCENARIO Maturity Type : Call Maturity Date : 2021-05-31 Maturity Price : 25.00 Evaluated at bid price : 26.63 Bid-YTW : 4.03 % |
| MFC.PR.M | FixedReset | 1.06 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-01-31 Maturity Price : 25.00 Evaluated at bid price : 20.90 Bid-YTW : 6.35 % |
| TD.PF.F | Perpetual-Discount | 1.07 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2047-01-06 Maturity Price : 24.39 Evaluated at bid price : 24.80 Bid-YTW : 4.92 % |
| MFC.PR.G | FixedReset | 1.07 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-01-31 Maturity Price : 25.00 Evaluated at bid price : 22.61 Bid-YTW : 5.48 % |
| RY.PR.J | FixedReset | 1.10 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2047-01-06 Maturity Price : 21.79 Evaluated at bid price : 22.09 Bid-YTW : 4.37 % |
| BMO.PR.S | FixedReset | 1.11 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2047-01-06 Maturity Price : 20.89 Evaluated at bid price : 20.89 Bid-YTW : 4.29 % |
| HSE.PR.E | FixedReset | 1.21 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2047-01-06 Maturity Price : 22.64 Evaluated at bid price : 23.40 Bid-YTW : 4.98 % |
| SLF.PR.H | FixedReset | 1.27 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-01-31 Maturity Price : 25.00 Evaluated at bid price : 18.30 Bid-YTW : 7.54 % |
| MFC.PR.N | FixedReset | 1.31 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-01-31 Maturity Price : 25.00 Evaluated at bid price : 20.91 Bid-YTW : 6.27 % |
| HSE.PR.C | FixedReset | 1.36 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2047-01-06 Maturity Price : 22.05 Evaluated at bid price : 22.41 Bid-YTW : 4.82 % |
| HSE.PR.G | FixedReset | 1.38 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2047-01-06 Maturity Price : 22.67 Evaluated at bid price : 23.50 Bid-YTW : 4.93 % |
| RY.PR.M | FixedReset | 1.43 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2047-01-06 Maturity Price : 21.68 Evaluated at bid price : 21.98 Bid-YTW : 4.27 % |
| TRP.PR.D | FixedReset | 1.53 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2047-01-06 Maturity Price : 19.25 Evaluated at bid price : 19.25 Bid-YTW : 4.65 % |
| TRP.PR.F | FloatingReset | 1.59 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2047-01-06 Maturity Price : 15.99 Evaluated at bid price : 15.99 Bid-YTW : 3.68 % |
| BAM.PR.R | FixedReset | 1.67 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2047-01-06 Maturity Price : 18.26 Evaluated at bid price : 18.26 Bid-YTW : 4.60 % |
| PWF.PR.A | Floater | 1.69 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2047-01-06 Maturity Price : 12.63 Evaluated at bid price : 12.63 Bid-YTW : 3.78 % |
| HSE.PR.A | FixedReset | 1.82 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2047-01-06 Maturity Price : 14.00 Evaluated at bid price : 14.00 Bid-YTW : 4.97 % |
| Volume Highlights | |||
| Issue | Index | Shares Traded |
Notes |
| TD.PF.H | FixedReset | 271,938 | YTW SCENARIO Maturity Type : Call Maturity Date : 2021-10-31 Maturity Price : 25.00 Evaluated at bid price : 25.55 Bid-YTW : 4.32 % |
| TRP.PR.D | FixedReset | 120,900 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2047-01-06 Maturity Price : 19.25 Evaluated at bid price : 19.25 Bid-YTW : 4.65 % |
| BAM.PR.Z | FixedReset | 118,223 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2047-01-06 Maturity Price : 21.05 Evaluated at bid price : 21.05 Bid-YTW : 4.94 % |
| TRP.PR.K | FixedReset | 115,418 | YTW SCENARIO Maturity Type : Call Maturity Date : 2022-05-31 Maturity Price : 25.00 Evaluated at bid price : 25.60 Bid-YTW : 4.56 % |
| BMO.PR.T | FixedReset | 91,096 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2047-01-06 Maturity Price : 19.83 Evaluated at bid price : 19.83 Bid-YTW : 4.41 % |
| BIP.PR.C | FixedReset | 77,780 | YTW SCENARIO Maturity Type : Call Maturity Date : 2021-09-30 Maturity Price : 25.00 Evaluated at bid price : 25.85 Bid-YTW : 4.60 % |
| There were 35 other index-included issues trading in excess of 10,000 shares. | |||
| Wide Spread Highlights | ||
| Issue | Index | Quote Data and Yield Notes |
| PWF.PR.P | FixedReset | Quote: 14.90 – 15.50 Spot Rate : 0.6000 Average : 0.3793 YTW SCENARIO |
| BAM.PR.E | Ratchet | Quote: 15.80 – 16.40 Spot Rate : 0.6000 Average : 0.4512 YTW SCENARIO |
| CU.PR.C | FixedReset | Quote: 21.34 – 21.75 Spot Rate : 0.4100 Average : 0.2738 YTW SCENARIO |
| BAM.PR.T | FixedReset | Quote: 17.90 – 18.22 Spot Rate : 0.3200 Average : 0.2033 YTW SCENARIO |
| GWO.PR.M | Deemed-Retractible | Quote: 25.77 – 26.05 Spot Rate : 0.2800 Average : 0.1717 YTW SCENARIO |
| CCS.PR.C | Deemed-Retractible | Quote: 23.25 – 23.60 Spot Rate : 0.3500 Average : 0.2462 YTW SCENARIO |