All indices were assigned a value of 1000.0 as of December 31, 1993.
| HIMI Index Values 2000-10-31 | |||||||
| Index | Closing Value (Total Return) | Issues | Mean Credit Quality | Median YTW | Median DTW | Median Daily Trading | Mean Current Yield |
| Ratchet | 1,516.5 | 0 | 0 | 0 | 0 | 0 | 0 |
| FixedFloater | 1,922.0 | 10 | 1.89 | 6.26% | 12.2 | 189M | 5.47% |
| Floater | 1,428.1 | 4 | 1.75 | 6.34% | 11.4 | 48M | 6.98% |
| OpRet | 1,401.2 | 33 | 1.27 | 5.09% | 3.8 | 74M | 6.11% |
| SplitShare | 1,415.0 | 7 | 1.86 | 6.42% | 5.5 | 122M | 6.14% |
| Interest-Bearing | 1,557.2 | 7 | 2.00 | 7.93% | 11.0 | 161M | 8.17% |
| Perpetual-Premium | 1,114.2 | 1 | 2.00 | 5.56% | 4.2 | 1,114M | 6.18% |
| Perpetual-Discount | 1,128.8 | 12 | 1.57 | 6.03% | 13.8 | 127M | 6.18% |
Index Constitution, 2000-10-31, Pre-rebalancing
Index Constitution, 2000-10-31, Post-rebalancing
Note: The “PerpetualPremium” Index contained the issue NA.PR.J from date of issue, 2000-7-13 until 2000-11-29. This is an error; this issue is a FixedFloater. Since this was the sole issue in the “PerpetualPremium” index, the results for this index should have been reported as having a performance equal to the “PerpetualDiscount” index.
In the period 2000-7-12 to 2000-11-29, performance of relevant indices was:
- FixedFloater: +2.50%
- PerpetualPremium: +3.30%
- PerpetualDiscount: +3.42%
Indices will not be recalculated – for now! I regret the error.
[…] But let’s just take a VERY quick look at his question regarding “buying opportunity of the decade”. We’ll compare current yields with those of October 31, 2000, with help from the Bank of Canada’s yield look-up service, CanadianBondIndices, the HIMIPref™ Indices for October 31, 2000 and yesterday’s values: […]