Nothing happened again today.
Volume was good in the Canadian preferred share market today, and so was the direction, with PerpetualDiscounts gaining 9bp and FixedResets gaining 7bp, with yields on the latter edging closer to the magic 3.50% level.
| 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 | 2.64 % | 2.68 % | 48,815 | 20.74 | 1 | -0.5574 % | 2,094.8 |
| FixedFloater | 5.15 % | 3.27 % | 42,445 | 19.86 | 1 | -1.1710 % | 3,067.6 |
| Floater | 1.93 % | 1.72 % | 43,803 | 23.26 | 4 | -0.6352 % | 2,388.4 |
| OpRet | 4.89 % | 1.75 % | 106,689 | 0.22 | 13 | 0.1436 % | 2,311.8 |
| SplitShare | 6.38 % | 6.26 % | 125,620 | 3.71 | 2 | -0.0660 % | 2,137.5 |
| Interest-Bearing | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.1436 % | 2,113.9 |
| Perpetual-Premium | 5.89 % | 5.91 % | 125,858 | 5.85 | 7 | 0.0000 % | 1,888.8 |
| Perpetual-Discount | 5.89 % | 5.94 % | 174,191 | 13.99 | 71 | 0.0858 % | 1,793.0 |
| FixedReset | 5.37 % | 3.51 % | 327,327 | 3.71 | 43 | 0.0749 % | 2,197.2 |
| Performance Highlights | |||
| Issue | Index | Change | Notes |
| PWF.PR.A | Floater | -3.30 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2040-03-11 Maturity Price : 22.29 Evaluated at bid price : 22.56 Bid-YTW : 1.72 % |
| BAM.PR.G | FixedFloater | -1.17 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2040-03-11 Maturity Price : 25.00 Evaluated at bid price : 21.10 Bid-YTW : 3.27 % |
| TD.PR.O | Perpetual-Discount | 1.01 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2040-03-11 Maturity Price : 21.92 Evaluated at bid price : 22.04 Bid-YTW : 5.57 % |
| BAM.PR.J | OpRet | 1.15 % | YTW SCENARIO Maturity Type : Soft Maturity Maturity Date : 2018-03-30 Maturity Price : 25.00 Evaluated at bid price : 25.86 Bid-YTW : 4.86 % |
| Volume Highlights | |||
| Issue | Index | Shares Traded |
Notes |
| TRP.PR.B | FixedReset | 437,233 | New issue settled today. YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2040-03-11 Maturity Price : 24.83 Evaluated at bid price : 24.88 Bid-YTW : 3.88 % |
| BNS.PR.L | Perpetual-Discount | 128,328 | Nesbitt crossed 100,000 at 19.95. YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2040-03-11 Maturity Price : 19.95 Evaluated at bid price : 19.95 Bid-YTW : 5.73 % |
| W.PR.H | Perpetual-Discount | 67,175 | RBC crossed 39,400 at 22.75; RBC crossed 20,000 at the same price. YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2040-03-11 Maturity Price : 22.31 Evaluated at bid price : 22.79 Bid-YTW : 6.12 % |
| MFC.PR.C | Perpetual-Discount | 52,250 | Desjardins crossed 50,000 at 18.92. YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2040-03-11 Maturity Price : 18.92 Evaluated at bid price : 18.92 Bid-YTW : 5.98 % |
| RY.PR.L | FixedReset | 41,011 | Desjardins crossed 32,100 at 26.90. YTW SCENARIO Maturity Type : Call Maturity Date : 2014-03-26 Maturity Price : 25.00 Evaluated at bid price : 26.87 Bid-YTW : 3.66 % |
| BMO.PR.P | FixedReset | 40,016 | National crossed 25,000 at 27.06. YTW SCENARIO Maturity Type : Call Maturity Date : 2015-03-27 Maturity Price : 25.00 Evaluated at bid price : 27.07 Bid-YTW : 3.64 % |
| There were 48 other index-included issues trading in excess of 10,000 shares. | |||