And now I can start on PrefLetter!
| 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 | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 1.3049 % | 2,868.6 |
| FixedFloater | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 1.3049 % | 5,263.8 |
| Floater | 3.21 % | 3.33 % | 35,742 | 18.93 | 4 | 1.3049 % | 3,033.5 |
| OpRet | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.0155 % | 3,155.8 |
| SplitShare | 4.65 % | 4.06 % | 61,775 | 3.41 | 5 | -0.0155 % | 3,768.7 |
| Interest-Bearing | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.0155 % | 2,940.5 |
| Perpetual-Premium | 5.38 % | -0.24 % | 59,091 | 0.09 | 18 | -0.1071 % | 2,855.7 |
| Perpetual-Discount | 5.32 % | 5.29 % | 72,501 | 14.99 | 16 | -0.3054 % | 2,989.5 |
| FixedReset | 4.20 % | 4.40 % | 139,621 | 3.93 | 98 | -0.1929 % | 2,530.0 |
| Deemed-Retractible | 5.07 % | 5.41 % | 82,859 | 5.86 | 28 | -0.1805 % | 2,941.3 |
| FloatingReset | 3.05 % | 2.51 % | 39,348 | 0.79 | 10 | 0.0567 % | 2,756.9 |
| Performance Highlights | |||
| Issue | Index | Change | Notes |
| NA.PR.S | FixedReset | -1.38 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-01-12 Maturity Price : 23.18 Evaluated at bid price : 23.65 Bid-YTW : 4.58 % |
| CU.PR.C | FixedReset | -1.20 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-01-12 Maturity Price : 21.77 Evaluated at bid price : 22.15 Bid-YTW : 4.71 % |
| TRP.PR.D | FixedReset | -1.01 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-01-12 Maturity Price : 22.96 Evaluated at bid price : 23.44 Bid-YTW : 4.61 % |
| MFC.PR.F | FixedReset | -1.00 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-01-31 Maturity Price : 25.00 Evaluated at bid price : 18.75 Bid-YTW : 7.42 % |
| BAM.PR.B | Floater | 1.08 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-01-12 Maturity Price : 16.90 Evaluated at bid price : 16.90 Bid-YTW : 3.33 % |
| BNS.PR.Y | FixedReset | 1.15 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2022-01-31 Maturity Price : 25.00 Evaluated at bid price : 23.76 Bid-YTW : 3.62 % |
| BAM.PR.C | Floater | 1.75 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-01-12 Maturity Price : 16.86 Evaluated at bid price : 16.86 Bid-YTW : 3.34 % |
| BAM.PR.K | Floater | 2.55 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-01-12 Maturity Price : 16.90 Evaluated at bid price : 16.90 Bid-YTW : 3.33 % |
| Volume Highlights | |||
| Issue | Index | Shares Traded |
Notes |
| BAM.PF.C | Perpetual-Discount | 111,180 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-01-12 Maturity Price : 21.60 Evaluated at bid price : 21.90 Bid-YTW : 5.57 % |
| TRP.PR.J | FixedReset | 104,600 | YTW SCENARIO Maturity Type : Call Maturity Date : 2021-05-31 Maturity Price : 25.00 Evaluated at bid price : 26.60 Bid-YTW : 3.69 % |
| BNS.PR.D | FloatingReset | 73,000 | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2022-01-31 Maturity Price : 25.00 Evaluated at bid price : 23.75 Bid-YTW : 3.49 % |
| BNS.PR.Q | FixedReset | 62,379 | YTW SCENARIO Maturity Type : Call Maturity Date : 2018-10-25 Maturity Price : 25.00 Evaluated at bid price : 25.00 Bid-YTW : 3.45 % |
| NA.PR.X | FixedReset | 57,800 | YTW SCENARIO Maturity Type : Call Maturity Date : 2021-05-15 Maturity Price : 25.00 Evaluated at bid price : 26.47 Bid-YTW : 3.57 % |
| CM.PR.P | FixedReset | 54,968 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-01-12 Maturity Price : 23.18 Evaluated at bid price : 23.51 Bid-YTW : 4.42 % |
| There were 23 other index-included issues trading in excess of 10,000 shares. | |||
| Wide Spread Highlights | ||
| Issue | Index | Quote Data and Yield Notes |
| MFC.PR.N | FixedReset | Quote: 23.90 – 24.20 Spot Rate : 0.3000 Average : 0.2092 YTW SCENARIO |
| BMO.PR.S | FixedReset | Quote: 24.32 – 24.60 Spot Rate : 0.2800 Average : 0.1944 YTW SCENARIO |
| BAM.PF.E | FixedReset | Quote: 23.77 – 24.06 Spot Rate : 0.2900 Average : 0.2132 YTW SCENARIO |
| TRP.PR.C | FixedReset | Quote: 18.20 – 18.47 Spot Rate : 0.2700 Average : 0.2014 YTW SCENARIO |
| MFC.PR.J | FixedReset | Quote: 24.47 – 24.67 Spot Rate : 0.2000 Average : 0.1374 YTW SCENARIO |
| TRP.PR.G | FixedReset | Quote: 24.41 – 24.79 Spot Rate : 0.3800 Average : 0.3175 YTW SCENARIO |