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 | -0.4433 % | 2,086.6 |
FixedFloater | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.4433 % | 3,828.8 |
Floater | 5.86 % | 6.01 % | 46,047 | 13.84 | 4 | -0.4433 % | 2,206.6 |
OpRet | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.0388 % | 3,477.4 |
SplitShare | 4.73 % | 4.14 % | 38,600 | 4.12 | 6 | 0.0388 % | 4,152.7 |
Interest-Bearing | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.0388 % | 3,240.1 |
Perpetual-Premium | 5.57 % | -0.79 % | 55,301 | 0.09 | 11 | 0.0681 % | 3,068.8 |
Perpetual-Discount | 5.22 % | 5.29 % | 71,373 | 14.94 | 24 | 0.2979 % | 3,348.5 |
FixedReset Disc | 5.48 % | 5.33 % | 185,864 | 14.90 | 64 | 0.1341 % | 2,187.4 |
Deemed-Retractible | 5.12 % | 5.22 % | 76,238 | 14.89 | 27 | -0.0263 % | 3,268.7 |
FloatingReset | 5.95 % | 5.94 % | 67,836 | 14.02 | 3 | 0.3387 % | 2,570.4 |
FixedReset Prem | 5.07 % | 3.39 % | 134,608 | 1.46 | 22 | 0.0390 % | 2,663.5 |
FixedReset Bank Non | 1.93 % | 3.14 % | 76,257 | 1.93 | 3 | 0.1494 % | 2,753.2 |
FixedReset Ins Non | 5.31 % | 5.29 % | 115,123 | 14.85 | 22 | 0.0049 % | 2,210.5 |
Performance Highlights | |||
Issue | Index | Change | Notes |
BAM.PR.R | FixedReset Disc | -1.88 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-02-06 Maturity Price : 15.62 Evaluated at bid price : 15.62 Bid-YTW : 5.78 % |
MFC.PR.I | FixedReset Ins Non | -1.37 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-02-06 Maturity Price : 19.48 Evaluated at bid price : 19.48 Bid-YTW : 5.47 % |
PWF.PR.T | FixedReset Disc | -1.17 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-02-06 Maturity Price : 17.80 Evaluated at bid price : 17.80 Bid-YTW : 5.38 % |
BMO.PR.C | FixedReset Disc | -1.16 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-02-06 Maturity Price : 21.72 Evaluated at bid price : 22.19 Bid-YTW : 5.19 % |
TRP.PR.G | FixedReset Disc | -1.13 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-02-06 Maturity Price : 18.37 Evaluated at bid price : 18.37 Bid-YTW : 5.89 % |
SLF.PR.H | FixedReset Ins Non | -1.09 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-02-06 Maturity Price : 16.40 Evaluated at bid price : 16.40 Bid-YTW : 5.28 % |
IFC.PR.G | FixedReset Ins Non | 1.00 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-02-06 Maturity Price : 19.18 Evaluated at bid price : 19.18 Bid-YTW : 5.37 % |
CIU.PR.A | Perpetual-Discount | 1.05 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-02-06 Maturity Price : 21.81 Evaluated at bid price : 22.05 Bid-YTW : 5.21 % |
BAM.PF.C | Perpetual-Discount | 1.16 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-02-06 Maturity Price : 22.38 Evaluated at bid price : 22.67 Bid-YTW : 5.40 % |
TRP.PR.B | FixedReset Disc | 1.31 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-02-06 Maturity Price : 11.60 Evaluated at bid price : 11.60 Bid-YTW : 5.64 % |
NA.PR.C | FixedReset Disc | 1.51 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-02-06 Maturity Price : 21.88 Evaluated at bid price : 22.15 Bid-YTW : 5.31 % |
TRP.PR.A | FixedReset Disc | 1.80 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-02-06 Maturity Price : 14.67 Evaluated at bid price : 14.67 Bid-YTW : 5.71 % |
BMO.PR.T | FixedReset Disc | 1.93 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-02-06 Maturity Price : 17.45 Evaluated at bid price : 17.45 Bid-YTW : 5.13 % |
Volume Highlights | |||
Issue | Index | Shares Traded |
Notes |
NA.PR.X | FixedReset Prem | 197,000 | YTW SCENARIO Maturity Type : Call Maturity Date : 2021-05-15 Maturity Price : 25.00 Evaluated at bid price : 25.71 Bid-YTW : 3.20 % |
NA.PR.A | FixedReset Prem | 113,800 | YTW SCENARIO Maturity Type : Call Maturity Date : 2021-08-15 Maturity Price : 25.00 Evaluated at bid price : 25.72 Bid-YTW : 3.39 % |
BAM.PF.B | FixedReset Disc | 91,400 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-02-06 Maturity Price : 18.70 Evaluated at bid price : 18.70 Bid-YTW : 5.50 % |
TRP.PR.J | FixedReset Prem | 80,620 | YTW SCENARIO Maturity Type : Call Maturity Date : 2021-05-31 Maturity Price : 25.00 Evaluated at bid price : 25.87 Bid-YTW : 3.59 % |
BMO.PR.E | FixedReset Disc | 38,924 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-02-06 Maturity Price : 20.27 Evaluated at bid price : 20.27 Bid-YTW : 5.16 % |
IFC.PR.E | Deemed-Retractible | 38,910 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-02-06 Maturity Price : 24.12 Evaluated at bid price : 24.55 Bid-YTW : 5.34 % |
There were 10 other index-included issues trading in excess of 10,000 shares. |
Wide Spread Highlights | ||
Issue | Index | Quote Data and Yield Notes |
MFC.PR.H | FixedReset Ins Non | Quote: 21.10 – 21.46 Spot Rate : 0.3600 Average : 0.2233 YTW SCENARIO |
CM.PR.Q | FixedReset Disc | Quote: 18.91 – 19.29 Spot Rate : 0.3800 Average : 0.2479 YTW SCENARIO |
BAM.PF.E | FixedReset Disc | Quote: 16.94 – 17.38 Spot Rate : 0.4400 Average : 0.3161 YTW SCENARIO |
MFC.PR.I | FixedReset Ins Non | Quote: 19.48 – 19.80 Spot Rate : 0.3200 Average : 0.2035 YTW SCENARIO |
HSE.PR.A | FixedReset Disc | Quote: 11.55 – 11.94 Spot Rate : 0.3900 Average : 0.2784 YTW SCENARIO |
BNS.PR.Z | FixedReset Bank Non | Quote: 24.45 – 24.69 Spot Rate : 0.2400 Average : 0.1371 YTW SCENARIO |
MFC.PR.N To Be Extended
February 4th, 2020Manulife Financial Corporation has announced (on February 3, but not yet on their website):
MFC.PR.N is a FixedReset, 3.80%+230, that commenced trading 2014-12-3 after being announced 2014-11-26. It is tracked by HIMIPref™ and is assigned to the FixedReset – Insurance non-NVCC subindex.
I will have more to say when the reset rate is announced on February 19.
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