Nothing happened today.
The Canadian preferred share market was fairly well-behaved today, with PerpetualDiscounts up 7bp to keep the streak alive (only six more trading days until month-end!) and FixedResets down 6bp. Volume was slighly above average, but there is only one entry in the performance highlights.
| HIMIPref™ Preferred Indices These values reflect the December 2008 revision of the HIMIPref™ Indices Values are provisional and are finalized monthly |
|||||||
| Index | Mean Current Yield (at bid) |
Median YTW |
Median Average Trading Value |
Median Mod Dur (YTW) |
Issues | Day’s Perf. | Index Value |
| Ratchet | 2.69 % | 2.84 % | 33,679 | 20.66 | 1 | 0.0000 % | 2,117.3 |
| FixedFloater | 5.15 % | 3.30 % | 21,307 | 19.84 | 1 | 0.0474 % | 3,106.9 |
| Floater | 2.41 % | 2.78 % | 76,325 | 20.28 | 3 | -0.0551 % | 2,250.6 |
| OpRet | 4.87 % | 1.79 % | 92,282 | 0.08 | 11 | 0.0741 % | 2,332.6 |
| SplitShare | 6.31 % | 6.26 % | 97,080 | 3.49 | 2 | -0.0435 % | 2,197.8 |
| Interest-Bearing | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.0741 % | 2,133.0 |
| Perpetual-Premium | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.0669 % | 1,908.9 |
| Perpetual-Discount | 5.94 % | 6.02 % | 197,370 | 13.86 | 77 | 0.0669 % | 1,806.9 |
| FixedReset | 5.41 % | 3.99 % | 342,951 | 3.47 | 45 | -0.0557 % | 2,184.4 |
| Performance Highlights | |||
| Issue | Index | Change | Notes |
| PWF.PR.E | Perpetual-Discount | -1.13 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2040-06-22 Maturity Price : 22.32 Evaluated at bid price : 22.75 Bid-YTW : 6.13 % |
| Volume Highlights | |||
| Issue | Index | Shares Traded |
Notes |
| TD.PR.S | FixedReset | 148,120 | RBC crossed blocks of 50,000 and 10,000, both at 25.95. GMP bought blocks of 31,200 at 26.00 and 20,400 at 25.95, both from anonymous. YTW SCENARIO Maturity Type : Call Maturity Date : 2013-08-30 Maturity Price : 25.00 Evaluated at bid price : 25.96 Bid-YTW : 3.98 % |
| TD.PR.E | FixedReset | 84,164 | RBC crossed 50,000 at 27.35. YTW SCENARIO Maturity Type : Call Maturity Date : 2014-05-30 Maturity Price : 25.00 Evaluated at bid price : 27.31 Bid-YTW : 4.02 % |
| MFC.PR.A | OpRet | 59,500 | RBC crossed 58,200 at 25.60. YTW SCENARIO Maturity Type : Soft Maturity Maturity Date : 2015-12-18 Maturity Price : 25.00 Evaluated at bid price : 25.55 Bid-YTW : 3.68 % |
| CM.PR.H | Perpetual-Discount | 49,078 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2040-06-22 Maturity Price : 20.28 Evaluated at bid price : 20.28 Bid-YTW : 6.02 % |
| RY.PR.W | Perpetual-Discount | 35,875 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2040-06-22 Maturity Price : 21.39 Evaluated at bid price : 21.39 Bid-YTW : 5.80 % |
| TRP.PR.A | FixedReset | 33,500 | Nesbitt bought 11,300 from Scotia at 25.50. YTW SCENARIO Maturity Type : Call Maturity Date : 2015-01-30 Maturity Price : 25.00 Evaluated at bid price : 25.51 Bid-YTW : 4.11 % |
| There were 34 other index-included issues trading in excess of 10,000 shares. | |||