| HIMI Index Changes, October 29, 2010 | |||
| Issue | From | To | Because |
| IGM.PR.B | PerpetualPremium | PerpetualDiscount | Price |
| PWF.PR.H | PerpetualPremium | PerpetualDiscount | Price |
| FTS.PR.H | Scraps | FixedReset | Credit |
| FTS.PR.G | Scraps | FixedReset | Credit |
| FTS.PR.F | Scraps | PerpetualDiscount | Credit |
| FTS.PR.E | Scraps | OpRet | Credit |
| CM.PR.R | Scraps | OpRet | Volume |
| TRI.PR.B | Scraps | Floater | Volume |
| BAM.PR.G | Scraps | FixFloat | Volume |
| TCA.PR.X | PerpetualDiscount | PerpetualPremium | Price |
| TCA.PR.Y | PerpetualDiscount | PerpetualPremium | Price |
| IAG.PR.F | PerpetualDiscount | PerpetualPremium | Price |
| CM.PR.P | PerpetualDiscount | PerpetualPremium | Price |
| CM.PR.E | PerpetualDiscount | PerpetualPremium | Price |
| GWO.PR.M | PerpetualDiscount | PerpetualPremium | Price |
| TD.PR.P | PerpetualDiscount | PerpetualPremium | Price |
It’s very nice to see that there is now an issue in the FixFloat index! It became empty as of the June, 2010, rebalancing.
There were the following intra-month changes:
Ré: IGM.PR.B PerpetualPremium to PerpetualDiscount Price…
Hi
Not sure I understand ? And considering that PPremium medium yeld is 5,66% and PDiscount is 5,38% does it become a better value ( so to speak ?).
Louis
IGM.PR.B closed with a bid of 24.99 on October 29, and hence no longer qualified as a PerpetualPremium; it was therefore moved to PerpetualDiscount.
Since it is a near-par issue, one would expect it to trade with a higher yield than other PerpetualDiscounts as compensation for the embedded option value.