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 | 0.3780 % | 1,456.5 |
FixedFloater | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.3780 % | 2,672.5 |
Floater | 5.38 % | 5.69 % | 48,122 | 14.39 | 4 | 0.3780 % | 1,540.2 |
OpRet | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.5515 % | 3,421.5 |
SplitShare | 4.91 % | 5.14 % | 67,109 | 3.83 | 7 | -0.5515 % | 4,086.0 |
Interest-Bearing | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.5515 % | 3,188.1 |
Perpetual-Premium | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.1882 % | 3,045.0 |
Perpetual-Discount | 5.54 % | 5.71 % | 76,956 | 14.26 | 35 | 0.1882 % | 3,266.1 |
FixedReset Disc | 6.22 % | 5.11 % | 153,187 | 14.96 | 83 | 0.1785 % | 1,836.3 |
Deemed-Retractible | 5.31 % | 5.40 % | 86,573 | 14.42 | 27 | -0.1266 % | 3,226.2 |
FloatingReset | 4.91 % | 4.94 % | 46,281 | 15.62 | 3 | 0.6444 % | 1,795.5 |
FixedReset Prem | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.1785 % | 2,539.6 |
FixedReset Bank Non | 1.98 % | 3.31 % | 121,849 | 1.57 | 2 | 0.1023 % | 2,787.9 |
FixedReset Ins Non | 6.43 % | 5.07 % | 118,758 | 14.92 | 22 | 0.7622 % | 1,862.7 |
Performance Highlights | |||
Issue | Index | Change | Notes |
TRP.PR.G | FixedReset Disc | -8.56 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-22 Maturity Price : 13.35 Evaluated at bid price : 13.35 Bid-YTW : 6.31 % |
BIK.PR.A | FixedReset Disc | -7.72 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-22 Maturity Price : 22.11 Evaluated at bid price : 22.60 Bid-YTW : 6.49 % |
BAM.PF.F | FixedReset Disc | -6.15 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-22 Maturity Price : 14.50 Evaluated at bid price : 14.50 Bid-YTW : 5.94 % |
TD.PF.D | FixedReset Disc | -5.43 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-22 Maturity Price : 15.51 Evaluated at bid price : 15.51 Bid-YTW : 5.17 % |
TRP.PR.B | FixedReset Disc | -3.21 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-22 Maturity Price : 7.55 Evaluated at bid price : 7.55 Bid-YTW : 5.46 % |
PVS.PR.G | SplitShare | -2.20 % | YTW SCENARIO Maturity Type : Option Certainty Maturity Date : 2026-02-28 Maturity Price : 25.00 Evaluated at bid price : 24.01 Bid-YTW : 5.80 % |
HSE.PR.G | FixedReset Disc | -1.82 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-22 Maturity Price : 10.80 Evaluated at bid price : 10.80 Bid-YTW : 9.06 % |
IAF.PR.B | Deemed-Retractible | -1.79 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-22 Maturity Price : 21.40 Evaluated at bid price : 21.40 Bid-YTW : 5.40 % |
PVS.PR.F | SplitShare | -1.59 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2024-09-30 Maturity Price : 25.00 Evaluated at bid price : 24.75 Bid-YTW : 5.14 % |
TD.PF.E | FixedReset Disc | -1.48 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-22 Maturity Price : 16.60 Evaluated at bid price : 16.60 Bid-YTW : 4.96 % |
CU.PR.C | FixedReset Disc | -1.37 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-22 Maturity Price : 14.40 Evaluated at bid price : 14.40 Bid-YTW : 4.96 % |
HSE.PR.E | FixedReset Disc | -1.26 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-22 Maturity Price : 11.75 Evaluated at bid price : 11.75 Bid-YTW : 8.96 % |
PVS.PR.E | SplitShare | -1.11 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2022-10-31 Maturity Price : 25.00 Evaluated at bid price : 25.02 Bid-YTW : 5.60 % |
BAM.PF.G | FixedReset Disc | -1.06 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-22 Maturity Price : 14.00 Evaluated at bid price : 14.00 Bid-YTW : 5.75 % |
RY.PR.Z | FixedReset Disc | 1.06 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-22 Maturity Price : 15.31 Evaluated at bid price : 15.31 Bid-YTW : 4.64 % |
BIP.PR.B | FixedReset Disc | 1.06 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-22 Maturity Price : 23.00 Evaluated at bid price : 23.75 Bid-YTW : 5.78 % |
IFC.PR.C | FixedReset Ins Non | 1.14 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-22 Maturity Price : 14.19 Evaluated at bid price : 14.19 Bid-YTW : 5.39 % |
TD.PF.B | FixedReset Disc | 1.19 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-22 Maturity Price : 15.30 Evaluated at bid price : 15.30 Bid-YTW : 4.78 % |
SLF.PR.G | FixedReset Ins Non | 1.22 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-22 Maturity Price : 9.16 Evaluated at bid price : 9.16 Bid-YTW : 4.86 % |
CM.PR.Q | FixedReset Disc | 1.33 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-22 Maturity Price : 15.25 Evaluated at bid price : 15.25 Bid-YTW : 5.26 % |
CM.PR.O | FixedReset Disc | 1.42 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-22 Maturity Price : 14.25 Evaluated at bid price : 14.25 Bid-YTW : 5.24 % |
RY.PR.H | FixedReset Disc | 1.49 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-22 Maturity Price : 15.63 Evaluated at bid price : 15.63 Bid-YTW : 4.61 % |
NA.PR.W | FixedReset Disc | 1.51 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-22 Maturity Price : 14.82 Evaluated at bid price : 14.82 Bid-YTW : 5.00 % |
TRP.PR.K | FixedReset Disc | 1.54 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-22 Maturity Price : 22.76 Evaluated at bid price : 23.10 Bid-YTW : 5.34 % |
TD.PF.C | FixedReset Disc | 1.57 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-22 Maturity Price : 15.48 Evaluated at bid price : 15.48 Bid-YTW : 4.84 % |
BMO.PR.C | FixedReset Disc | 1.63 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-22 Maturity Price : 18.75 Evaluated at bid price : 18.75 Bid-YTW : 5.09 % |
TD.PF.I | FixedReset Disc | 1.64 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-22 Maturity Price : 18.55 Evaluated at bid price : 18.55 Bid-YTW : 4.84 % |
PWF.PR.T | FixedReset Disc | 1.70 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-22 Maturity Price : 14.96 Evaluated at bid price : 14.96 Bid-YTW : 5.20 % |
MFC.PR.N | FixedReset Ins Non | 1.87 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-22 Maturity Price : 14.72 Evaluated at bid price : 14.72 Bid-YTW : 5.00 % |
BMO.PR.T | FixedReset Disc | 1.95 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-22 Maturity Price : 14.63 Evaluated at bid price : 14.63 Bid-YTW : 4.90 % |
BMO.PR.D | FixedReset Disc | 1.96 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-22 Maturity Price : 18.25 Evaluated at bid price : 18.25 Bid-YTW : 5.04 % |
NA.PR.G | FixedReset Disc | 2.04 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-22 Maturity Price : 17.52 Evaluated at bid price : 17.52 Bid-YTW : 5.03 % |
TD.PF.M | FixedReset Disc | 2.05 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-22 Maturity Price : 21.64 Evaluated at bid price : 21.95 Bid-YTW : 4.84 % |
RY.PR.M | FixedReset Disc | 2.11 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-22 Maturity Price : 15.98 Evaluated at bid price : 15.98 Bid-YTW : 4.73 % |
SLF.PR.J | FloatingReset | 2.22 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-22 Maturity Price : 9.20 Evaluated at bid price : 9.20 Bid-YTW : 4.38 % |
BMO.PR.W | FixedReset Disc | 2.24 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-22 Maturity Price : 15.03 Evaluated at bid price : 15.03 Bid-YTW : 4.86 % |
CM.PR.R | FixedReset Disc | 2.29 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-22 Maturity Price : 18.77 Evaluated at bid price : 18.77 Bid-YTW : 5.19 % |
NA.PR.S | FixedReset Disc | 2.35 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-22 Maturity Price : 15.25 Evaluated at bid price : 15.25 Bid-YTW : 5.05 % |
TD.PF.L | FixedReset Disc | 2.50 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-22 Maturity Price : 20.50 Evaluated at bid price : 20.50 Bid-YTW : 4.92 % |
PWF.PR.P | FixedReset Disc | 2.66 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-22 Maturity Price : 9.65 Evaluated at bid price : 9.65 Bid-YTW : 5.21 % |
BIP.PR.A | FixedReset Disc | 2.79 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-22 Maturity Price : 15.11 Evaluated at bid price : 15.11 Bid-YTW : 6.53 % |
NA.PR.C | FixedReset Disc | 3.00 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-22 Maturity Price : 18.90 Evaluated at bid price : 18.90 Bid-YTW : 5.20 % |
MFC.PR.R | FixedReset Ins Non | 3.02 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-22 Maturity Price : 21.12 Evaluated at bid price : 21.12 Bid-YTW : 5.07 % |
MFC.PR.G | FixedReset Ins Non | 3.17 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-22 Maturity Price : 16.25 Evaluated at bid price : 16.25 Bid-YTW : 5.13 % |
BMO.PR.S | FixedReset Disc | 3.18 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-22 Maturity Price : 15.24 Evaluated at bid price : 15.24 Bid-YTW : 4.88 % |
SLF.PR.I | FixedReset Ins Non | 3.23 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-22 Maturity Price : 16.00 Evaluated at bid price : 16.00 Bid-YTW : 4.96 % |
CM.PR.P | FixedReset Disc | 3.96 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-22 Maturity Price : 14.98 Evaluated at bid price : 14.98 Bid-YTW : 5.01 % |
Volume Highlights | |||
Issue | Index | Shares Traded |
Notes |
BMO.PR.S | FixedReset Disc | 69,256 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-22 Maturity Price : 15.24 Evaluated at bid price : 15.24 Bid-YTW : 4.88 % |
TD.PF.E | FixedReset Disc | 67,813 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-22 Maturity Price : 16.60 Evaluated at bid price : 16.60 Bid-YTW : 4.96 % |
TRP.PR.K | FixedReset Disc | 55,724 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-22 Maturity Price : 22.76 Evaluated at bid price : 23.10 Bid-YTW : 5.34 % |
CU.PR.C | FixedReset Disc | 46,621 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-22 Maturity Price : 14.40 Evaluated at bid price : 14.40 Bid-YTW : 4.96 % |
TRP.PR.G | FixedReset Disc | 44,616 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-22 Maturity Price : 13.35 Evaluated at bid price : 13.35 Bid-YTW : 6.31 % |
TD.PF.B | FixedReset Disc | 40,423 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-06-22 Maturity Price : 15.30 Evaluated at bid price : 15.30 Bid-YTW : 4.78 % |
There were 30 other index-included issues trading in excess of 10,000 shares. |
Wide Spread Highlights | ||
Issue | Index | Quote Data and Yield Notes |
BAM.PR.X | FixedReset Disc | Quote: 9.86 – 17.27 Spot Rate : 7.4100 Average : 4.2190 YTW SCENARIO |
RY.PR.M | FixedReset Disc | Quote: 15.98 – 25.50 Spot Rate : 9.5200 Average : 7.4821 YTW SCENARIO |
TRP.PR.G | FixedReset Disc | Quote: 13.35 – 14.60 Spot Rate : 1.2500 Average : 0.8507 YTW SCENARIO |
TD.PF.D | FixedReset Disc | Quote: 15.51 – 16.60 Spot Rate : 1.0900 Average : 0.6930 YTW SCENARIO |
BAM.PF.F | FixedReset Disc | Quote: 14.50 – 15.55 Spot Rate : 1.0500 Average : 0.7217 YTW SCENARIO |
MFC.PR.I | FixedReset Ins Non | Quote: 15.40 – 16.96 Spot Rate : 1.5600 Average : 1.2450 YTW SCENARIO |
New Issue : Big Banc Split Corp., 6%, 3-Year
June 19th, 2020Assiduous Reader PD writes in and informs me of a new issue SplitShare, Big Banc Split Corp., 6%, 3-Year:
As these securities will not be rated, they will not be tracked by HIMIPref™. As I am always quick to explain, this is not because I worship the Credit Rating Agencies or because I can’t do it myself, but because nobody really cares what Hymas Investment Management Inc. thinks of an issue’s credit quality. Something from the agencies, though, gets the attention of management, directors and thousands of salesmen pretty quickly.
It’s nice to see some competition for Brompton Split Banc Corp., SBC and Canadian Banc Corp, BK.
Posted in Issue Comments, New Issues | 2 Comments »