The Market Update will be delayed. TMX DataLinx advises that the “Application is currently unavailable.”
While I have prices that are … pretty close … to the closing quotations, I would rather do a proper update when the exchange restarts its DataLinx product.
Update, 2010-9-11, 2am, and I hope you guys appreciate this: DataLinx came back up about an hour ago.
PerpetualDiscounts continued to charge ahead on the Canadian preferred share market, gaining 35bp total return, while FixedResets slipped down by 4bp. Volume was good.
| 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 | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.3557 % | 2,061.9 |
| FixedFloater | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.3557 % | 3,123.5 |
| Floater | 2.94 % | 3.46 % | 63,060 | 18.53 | 3 | 0.3557 % | 2,226.3 |
| OpRet | 4.86 % | 1.07 % | 91,976 | 0.22 | 9 | 0.2437 % | 2,371.6 |
| SplitShare | 5.96 % | -37.45 % | 66,895 | 0.09 | 2 | -0.0822 % | 2,361.2 |
| Interest-Bearing | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.2437 % | 2,168.6 |
| Perpetual-Premium | 5.73 % | 5.48 % | 125,521 | 5.37 | 14 | -0.2527 % | 1,975.1 |
| Perpetual-Discount | 5.61 % | 5.70 % | 191,659 | 14.34 | 63 | 0.3478 % | 1,937.9 |
| FixedReset | 5.25 % | 3.07 % | 268,762 | 3.32 | 47 | -0.0437 % | 2,263.3 |
| Performance Highlights | |||
| Issue | Index | Change | Notes |
| RY.PR.H | Perpetual-Premium | -2.95 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2040-09-10 Maturity Price : 24.81 Evaluated at bid price : 25.04 Bid-YTW : 5.69 % |
| TD.PR.S | FixedReset | -2.63 % | YTW SCENARIO Maturity Type : Call Maturity Date : 2013-08-30 Maturity Price : 25.00 Evaluated at bid price : 26.67 Bid-YTW : 2.75 % |
| HSB.PR.C | Perpetual-Discount | -1.61 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2040-09-10 Maturity Price : 22.95 Evaluated at bid price : 23.17 Bid-YTW : 5.60 % |
| HSB.PR.D | Perpetual-Discount | -1.29 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2040-09-10 Maturity Price : 22.83 Evaluated at bid price : 23.03 Bid-YTW : 5.53 % |
| IAG.PR.C | FixedReset | -1.06 % | YTW SCENARIO Maturity Type : Call Maturity Date : 2014-01-30 Maturity Price : 25.00 Evaluated at bid price : 27.00 Bid-YTW : 3.59 % |
| CM.PR.H | Perpetual-Discount | 1.04 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2040-09-10 Maturity Price : 22.14 Evaluated at bid price : 22.29 Bid-YTW : 5.45 % |
| RY.PR.W | Perpetual-Discount | 1.27 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2040-09-10 Maturity Price : 22.92 Evaluated at bid price : 23.14 Bid-YTW : 5.33 % |
| RY.PR.F | Perpetual-Discount | 1.38 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2040-09-10 Maturity Price : 21.34 Evaluated at bid price : 21.34 Bid-YTW : 5.26 % |
| POW.PR.D | Perpetual-Discount | 1.41 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2040-09-10 Maturity Price : 22.11 Evaluated at bid price : 22.25 Bid-YTW : 5.71 % |
| SLF.PR.D | Perpetual-Discount | 1.52 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2040-09-10 Maturity Price : 19.39 Evaluated at bid price : 19.39 Bid-YTW : 5.76 % |
| SLF.PR.C | Perpetual-Discount | 2.35 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2040-09-10 Maturity Price : 19.60 Evaluated at bid price : 19.60 Bid-YTW : 5.69 % |
| Volume Highlights | |||
| Issue | Index | Shares Traded |
Notes |
| CM.PR.K | FixedReset | 130,890 | RBC crossed three blocks, 11,000 shares, 90,000 and 25,000, all at 27.50. YTW SCENARIO Maturity Type : Call Maturity Date : 2014-08-30 Maturity Price : 25.00 Evaluated at bid price : 27.30 Bid-YTW : 2.99 % |
| MFC.PR.A | OpRet | 128,150 | Nesbitt crossed blocks of 23,200 and 87,900, both at 25.00. YTW SCENARIO Maturity Type : Soft Maturity Maturity Date : 2015-12-18 Maturity Price : 25.00 Evaluated at bid price : 24.96 Bid-YTW : 4.13 % |
| MFC.PR.B | Perpetual-Discount | 62,408 | Nesbit bought 11,000 from RBC at 19.10 and crossed 31,500 at 19.15. YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2040-09-10 Maturity Price : 19.15 Evaluated at bid price : 19.15 Bid-YTW : 6.11 % |
| RY.PR.E | Perpetual-Discount | 58,065 | TD bought 11,000 from RBC at 21.20. YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2040-09-10 Maturity Price : 21.28 Evaluated at bid price : 21.28 Bid-YTW : 5.34 % |
| CM.PR.L | FixedReset | 57,283 | Desjardins crossed 50,000 at 28.35. YTW SCENARIO Maturity Type : Call Maturity Date : 2014-05-30 Maturity Price : 25.00 Evaluated at bid price : 28.27 Bid-YTW : 2.99 % |
| GWO.PR.G | Perpetual-Discount | 51,628 | Nesbitt crossed 39,400 at 22.65. YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2040-09-10 Maturity Price : 22.46 Evaluated at bid price : 22.65 Bid-YTW : 5.75 % |
| There were 39 other index-included issues trading in excess of 10,000 shares. | |||