Nothing happened today.
Another hot day for the Canadian preferred share market, with PerpetualDiscounts winning 53bp, while both FixedResets and DeemedRetractibles were up 25bp. Volume was abysmally low.
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 | 1.1029 % | 2,523.5 |
FixedFloater | 4.57 % | 3.86 % | 36,865 | 17.61 | 1 | 0.7752 % | 3,675.1 |
Floater | 2.96 % | 2.95 % | 61,291 | 19.83 | 3 | 1.1029 % | 2,724.7 |
OpRet | 4.64 % | 2.16 % | 80,170 | 0.41 | 3 | 0.0129 % | 2,660.9 |
SplitShare | 4.85 % | 4.65 % | 72,756 | 4.46 | 5 | 0.0803 % | 3,021.0 |
Interest-Bearing | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.0129 % | 2,433.1 |
Perpetual-Premium | 5.63 % | 5.42 % | 130,024 | 4.15 | 13 | 0.0966 % | 2,312.4 |
Perpetual-Discount | 5.66 % | 5.68 % | 182,724 | 14.41 | 25 | 0.5325 % | 2,339.8 |
FixedReset | 4.97 % | 3.51 % | 222,883 | 3.42 | 84 | 0.2523 % | 2,473.1 |
Deemed-Retractible | 5.14 % | 4.24 % | 184,609 | 1.34 | 42 | 0.2464 % | 2,397.6 |
FloatingReset | 2.61 % | 2.35 % | 254,860 | 4.36 | 5 | 0.0316 % | 2,468.3 |
Performance Highlights | |||
Issue | Index | Change | Notes |
GWO.PR.P | Deemed-Retractible | -1.17 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-01-31 Maturity Price : 25.00 Evaluated at bid price : 23.71 Bid-YTW : 6.09 % |
HSB.PR.D | Deemed-Retractible | 1.00 % | YTW SCENARIO Maturity Type : Call Maturity Date : 2014-12-31 Maturity Price : 25.00 Evaluated at bid price : 25.25 Bid-YTW : 3.99 % |
IAG.PR.A | Deemed-Retractible | 1.02 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-01-31 Maturity Price : 25.00 Evaluated at bid price : 21.74 Bid-YTW : 6.29 % |
GWO.PR.H | Deemed-Retractible | 1.05 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-01-31 Maturity Price : 25.00 Evaluated at bid price : 22.10 Bid-YTW : 6.36 % |
BNS.PR.K | Deemed-Retractible | 1.15 % | YTW SCENARIO Maturity Type : Call Maturity Date : 2014-04-28 Maturity Price : 25.00 Evaluated at bid price : 25.42 Bid-YTW : 2.00 % |
BAM.PR.B | Floater | 1.20 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2043-12-31 Maturity Price : 17.78 Evaluated at bid price : 17.78 Bid-YTW : 2.95 % |
BAM.PR.T | FixedReset | 1.26 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2043-12-31 Maturity Price : 22.99 Evaluated at bid price : 24.10 Bid-YTW : 4.41 % |
BAM.PR.K | Floater | 1.31 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2043-12-31 Maturity Price : 17.75 Evaluated at bid price : 17.75 Bid-YTW : 2.95 % |
CU.PR.F | Perpetual-Discount | 1.34 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2043-12-31 Maturity Price : 21.10 Evaluated at bid price : 21.10 Bid-YTW : 5.40 % |
BAM.PF.D | Perpetual-Discount | 1.49 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2043-12-31 Maturity Price : 19.79 Evaluated at bid price : 19.79 Bid-YTW : 6.24 % |
FTS.PR.F | Perpetual-Discount | 1.54 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2043-12-31 Maturity Price : 22.12 Evaluated at bid price : 22.40 Bid-YTW : 5.52 % |
GWO.PR.J | FixedReset | 2.04 % | Rather a silly entry. It’s been called for redemption and no shares traded today. YTW SCENARIO Maturity Type : Call Maturity Date : 2014-01-30 Maturity Price : 25.00 Evaluated at bid price : 25.50 Bid-YTW : -17.33 % |
BAM.PR.X | FixedReset | 2.59 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2043-12-31 Maturity Price : 21.02 Evaluated at bid price : 21.02 Bid-YTW : 4.68 % |
Volume Highlights | |||
Issue | Index | Shares Traded |
Notes |
PWF.PR.T | FixedReset | 81,695 | Recent new issue. YTW SCENARIO Maturity Type : Call Maturity Date : 2019-01-31 Maturity Price : 25.00 Evaluated at bid price : 25.39 Bid-YTW : 3.93 % |
TD.PR.T | FloatingReset | 17,200 | Nesbitt crossed 16,000 at 25.17. YTW SCENARIO Maturity Type : Call Maturity Date : 2018-07-31 Maturity Price : 25.00 Evaluated at bid price : 25.15 Bid-YTW : 2.35 % |
CU.PR.G | Perpetual-Discount | 14,100 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2043-12-31 Maturity Price : 21.03 Evaluated at bid price : 21.03 Bid-YTW : 5.42 % |
ENB.PR.Y | FixedReset | 11,350 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2043-12-31 Maturity Price : 22.21 Evaluated at bid price : 22.94 Bid-YTW : 4.61 % |
GWO.PR.F | Deemed-Retractible | 11,156 | YTW SCENARIO Maturity Type : Call Maturity Date : 2014-01-30 Maturity Price : 25.00 Evaluated at bid price : 25.08 Bid-YTW : 2.01 % |
BNS.PR.R | FixedReset | 10,819 | has been extended. Will reset at 3.83%. Yield to Deemed Maturity is 3.78%. YTW SCENARIO Maturity Type : Call Maturity Date : 2014-02-25 Maturity Price : 25.00 Evaluated at bid price : 25.33 Bid-YTW : -0.22 % |
There were 0 other index-included issues trading in excess of 10,000 shares. |
Wide Spread Highlights | ||
Issue | Index | Quote Data and Yield Notes |
BAM.PF.A | FixedReset | Quote: 25.20 – 25.67 Spot Rate : 0.4700 Average : 0.3009 YTW SCENARIO |
CU.PR.G | Perpetual-Discount | Quote: 21.03 – 21.49 Spot Rate : 0.4600 Average : 0.3190 YTW SCENARIO |
GWO.PR.P | Deemed-Retractible | Quote: 23.71 – 24.13 Spot Rate : 0.4200 Average : 0.2908 YTW SCENARIO |
SLF.PR.I | FixedReset | Quote: 25.81 – 26.15 Spot Rate : 0.3400 Average : 0.2211 YTW SCENARIO |
TD.PR.G | FixedReset | Quote: 25.61 – 25.95 Spot Rate : 0.3400 Average : 0.2436 YTW SCENARIO |
TRP.PR.B | FixedReset | Quote: 20.38 – 20.62 Spot Rate : 0.2400 Average : 0.1516 YTW SCENARIO |