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 | 1.6756 % | 2,161.8 |
FixedFloater | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 1.6756 % | 3,966.9 |
Floater | 4.00 % | 4.05 % | 51,997 | 17.30 | 3 | 1.6756 % | 2,286.1 |
OpRet | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.0146 % | 3,636.8 |
SplitShare | 4.69 % | 4.41 % | 36,971 | 3.68 | 8 | 0.0146 % | 4,343.1 |
Interest-Bearing | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.0146 % | 3,388.6 |
Perpetual-Premium | 5.35 % | -5.20 % | 69,008 | 0.09 | 18 | -0.2580 % | 3,240.0 |
Perpetual-Discount | 4.94 % | 4.69 % | 77,073 | 15.39 | 13 | 0.1347 % | 3,750.4 |
FixedReset Disc | 4.75 % | 3.74 % | 156,276 | 17.71 | 56 | -0.2604 % | 2,471.4 |
Insurance Straight | 4.97 % | 4.63 % | 89,064 | 15.35 | 22 | -0.1536 % | 3,616.6 |
FloatingReset | 3.38 % | 3.85 % | 30,365 | 17.72 | 2 | 0.9445 % | 2,042.5 |
FixedReset Prem | 5.12 % | 2.76 % | 196,544 | 0.94 | 20 | -0.1665 % | 2,710.1 |
FixedReset Bank Non | 1.80 % | 1.64 % | 185,487 | 0.97 | 1 | 0.0400 % | 2,892.0 |
FixedReset Ins Non | 4.64 % | 3.57 % | 92,325 | 17.88 | 22 | 0.0000 % | 2,627.2 |
Performance Highlights | |||
Issue | Index | Change | Notes |
BAM.PF.F | FixedReset Disc | -3.69 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-02-08 Maturity Price : 18.52 Evaluated at bid price : 18.52 Bid-YTW : 4.77 % |
SLF.PR.G | FixedReset Ins Non | -3.20 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-02-08 Maturity Price : 13.00 Evaluated at bid price : 13.00 Bid-YTW : 3.66 % |
BMO.PR.Y | FixedReset Disc | -2.93 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-02-08 Maturity Price : 21.50 Evaluated at bid price : 21.50 Bid-YTW : 3.69 % |
CU.PR.H | Perpetual-Premium | -2.91 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-02-08 Maturity Price : 24.68 Evaluated at bid price : 25.00 Bid-YTW : 5.25 % |
CM.PR.Q | FixedReset Disc | -2.88 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-02-08 Maturity Price : 21.32 Evaluated at bid price : 21.61 Bid-YTW : 3.76 % |
BAM.PR.R | FixedReset Disc | -1.86 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-02-08 Maturity Price : 15.31 Evaluated at bid price : 15.31 Bid-YTW : 4.62 % |
RY.PR.H | FixedReset Disc | -1.53 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-02-08 Maturity Price : 21.30 Evaluated at bid price : 21.30 Bid-YTW : 3.41 % |
TD.PF.J | FixedReset Disc | -1.33 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-02-08 Maturity Price : 22.97 Evaluated at bid price : 23.73 Bid-YTW : 3.48 % |
TD.PF.B | FixedReset Disc | -1.26 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-02-08 Maturity Price : 21.23 Evaluated at bid price : 21.23 Bid-YTW : 3.45 % |
SLF.PR.B | Insurance Straight | -1.22 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-02-08 Maturity Price : 24.82 Evaluated at bid price : 25.04 Bid-YTW : 4.84 % |
SLF.PR.A | Insurance Straight | -1.19 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-02-08 Maturity Price : 24.68 Evaluated at bid price : 25.00 Bid-YTW : 4.79 % |
MFC.PR.M | FixedReset Ins Non | -1.15 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-02-08 Maturity Price : 20.67 Evaluated at bid price : 20.67 Bid-YTW : 3.72 % |
RY.PR.J | FixedReset Disc | -1.13 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-02-08 Maturity Price : 22.18 Evaluated at bid price : 22.76 Bid-YTW : 3.50 % |
BAM.PR.Z | FixedReset Disc | 1.01 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-02-08 Maturity Price : 19.95 Evaluated at bid price : 19.95 Bid-YTW : 4.54 % |
MFC.PR.K | FixedReset Ins Non | 1.02 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-02-08 Maturity Price : 20.81 Evaluated at bid price : 20.81 Bid-YTW : 3.57 % |
BAM.PR.K | Floater | 1.42 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-02-08 Maturity Price : 10.70 Evaluated at bid price : 10.70 Bid-YTW : 4.05 % |
SLF.PR.J | FloatingReset | 1.61 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-02-08 Maturity Price : 12.60 Evaluated at bid price : 12.60 Bid-YTW : 2.96 % |
BAM.PR.C | Floater | 1.70 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-02-08 Maturity Price : 10.76 Evaluated at bid price : 10.76 Bid-YTW : 4.02 % |
BAM.PR.B | Floater | 1.90 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-02-08 Maturity Price : 10.70 Evaluated at bid price : 10.70 Bid-YTW : 4.05 % |
TRP.PR.E | FixedReset Disc | 2.09 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-02-08 Maturity Price : 17.10 Evaluated at bid price : 17.10 Bid-YTW : 4.45 % |
TRP.PR.G | FixedReset Disc | 2.45 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-02-08 Maturity Price : 18.85 Evaluated at bid price : 18.85 Bid-YTW : 4.55 % |
GWO.PR.N | FixedReset Ins Non | 2.52 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-02-08 Maturity Price : 12.61 Evaluated at bid price : 12.61 Bid-YTW : 3.57 % |
Volume Highlights | |||
Issue | Index | Shares Traded |
Notes |
NA.PR.C | FixedReset Disc | 75,550 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-02-08 Maturity Price : 23.65 Evaluated at bid price : 25.00 Bid-YTW : 3.89 % |
SLF.PR.B | Insurance Straight | 73,594 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-02-08 Maturity Price : 24.82 Evaluated at bid price : 25.04 Bid-YTW : 4.84 % |
BAM.PF.G | FixedReset Disc | 71,775 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-02-08 Maturity Price : 18.33 Evaluated at bid price : 18.33 Bid-YTW : 4.57 % |
TD.PF.G | FixedReset Prem | 64,970 | YTW SCENARIO Maturity Type : Call Maturity Date : 2021-04-30 Maturity Price : 25.00 Evaluated at bid price : 25.20 Bid-YTW : 2.36 % |
RY.PR.R | FixedReset Prem | 62,585 | YTW SCENARIO Maturity Type : Call Maturity Date : 2021-08-24 Maturity Price : 25.00 Evaluated at bid price : 25.32 Bid-YTW : 2.73 % |
BAM.PF.A | FixedReset Disc | 60,700 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-02-08 Maturity Price : 20.54 Evaluated at bid price : 20.54 Bid-YTW : 4.47 % |
There were 29 other index-included issues trading in excess of 10,000 shares. |
Wide Spread Highlights | ||
Issue | Index | Quote Data and Yield Notes |
GWO.PR.Q | Insurance Straight | Quote: 25.28 – 27.30 Spot Rate : 2.0200 Average : 1.1406 YTW SCENARIO |
EIT.PR.B | SplitShare | Quote: 25.85 – 26.85 Spot Rate : 1.0000 Average : 0.5728 YTW SCENARIO |
CU.PR.H | Perpetual-Premium | Quote: 25.00 – 25.91 Spot Rate : 0.9100 Average : 0.6139 YTW SCENARIO |
BMO.PR.Y | FixedReset Disc | Quote: 21.50 – 22.22 Spot Rate : 0.7200 Average : 0.4543 YTW SCENARIO |
IFC.PR.E | Insurance Straight | Quote: 25.72 – 26.35 Spot Rate : 0.6300 Average : 0.3816 YTW SCENARIO |
PWF.PR.P | FixedReset Disc | Quote: 12.90 – 13.60 Spot Rate : 0.7000 Average : 0.4562 YTW SCENARIO |
Empire Life Intends To Redeem EML.PR.A If OSFI Stops Dithering On LRCNs
February 2nd, 2021The Empire Life Insurance Company has announced:
OK, so Empire Life will issue LRCNs at an interest rate yet to be determined. And DBRS assigned a provisional rating of BBB(high) without commenting on the structure.
The interesting thing is, the existence of insurer LRCNs is yet to be determined, although the promise was given by OSFI many, many nap times ago. So this kinda looks like EML and its dealer friends are forcing the issue. Snap it up a little, OSFI! Post-employment plums can always be plucked by persons on another pillar!
Update: 2021-2-11:LRCN size and price announced:
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