Nothing happened today.
It was an uneventful day on the Canadian preferred share market, with PerpetualDiscounts gaining 4bp, FixedResets off 4bp and DeemedRetractibles up 3bp. There wasn’t a single entry for the Performance Highlights table; volume was average.
| 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 | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.0000 % | 2,414.1 |
| FixedFloater | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.0000 % | 3,630.8 |
| Floater | 2.50 % | 2.26 % | 35,626 | 21.63 | 4 | 0.0000 % | 2,606.6 |
| OpRet | 4.92 % | 3.26 % | 59,484 | 2.06 | 8 | -0.0289 % | 2,411.3 |
| SplitShare | 5.20 % | -0.83 % | 87,837 | 0.63 | 6 | -0.1354 % | 2,494.7 |
| Interest-Bearing | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.0289 % | 2,204.9 |
| Perpetual-Premium | 5.79 % | 5.70 % | 117,605 | 6.12 | 8 | 0.0348 % | 2,050.5 |
| Perpetual-Discount | 5.58 % | 5.57 % | 134,153 | 14.38 | 16 | 0.0360 % | 2,121.4 |
| FixedReset | 5.17 % | 3.51 % | 204,044 | 2.91 | 57 | -0.0392 % | 2,292.6 |
| Deemed-Retractible | 5.29 % | 5.25 % | 298,021 | 8.12 | 53 | 0.0276 % | 2,074.1 |
| Performance Highlights | |||
| Issue | Index | Change | Notes |
| No individual gains or losses exceeding 1%! | |||
| Volume Highlights | |||
| Issue | Index | Shares Traded |
Notes |
| MFC.PR.D | FixedReset | 99,684 | TD crossed 90,000 at 27.49. YTW SCENARIO Maturity Type : Call Maturity Date : 2014-07-19 Maturity Price : 25.00 Evaluated at bid price : 27.42 Bid-YTW : 3.68 % |
| SLF.PR.C | Deemed-Retractible | 86,938 | TD crossed 76,000 at 20.82. YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2022-01-31 Maturity Price : 25.00 Evaluated at bid price : 20.81 Bid-YTW : 6.74 % |
| GWO.PR.H | Deemed-Retractible | 75,595 | Nesbitt crossed 70,000 at 22.34. YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2022-01-31 Maturity Price : 25.00 Evaluated at bid price : 22.20 Bid-YTW : 6.38 % |
| BAM.PR.X | FixedReset | 66,709 | RBC crossed 23,700 at 25.00. YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2041-04-25 Maturity Price : 23.02 Evaluated at bid price : 24.76 Bid-YTW : 4.43 % |
| TD.PR.O | Deemed-Retractible | 56,325 | Nesbitt crossed 43,000 at 24.72. YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2022-01-31 Maturity Price : 25.00 Evaluated at bid price : 24.60 Bid-YTW : 5.07 % |
| TRI.PR.B | Floater | 51,320 | RBC crossed 50,000 at 23.05. YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2041-04-25 Maturity Price : 22.77 Evaluated at bid price : 23.05 Bid-YTW : 2.26 % |
| There were 29 other index-included issues trading in excess of 10,000 shares. | |||
| Wide Spread Highlights | ||
| Issue | Index | Quote Data and Yield Notes |
| NA.PR.N | FixedReset | Quote: 26.50 – 26.85 Spot Rate : 0.3500 Average : 0.2289 YTW SCENARIO |
| GWO.PR.M | Deemed-Retractible | Quote: 25.01 – 25.64 Spot Rate : 0.6300 Average : 0.5119 YTW SCENARIO |
| FTS.PR.G | FixedReset | Quote: 26.38 – 26.99 Spot Rate : 0.6100 Average : 0.4938 YTW SCENARIO |
| HSB.PR.E | FixedReset | Quote: 27.12 – 27.50 Spot Rate : 0.3800 Average : 0.2671 YTW SCENARIO |
| NA.PR.M | Deemed-Retractible | Quote: 26.10 – 26.45 Spot Rate : 0.3500 Average : 0.2450 YTW SCENARIO |
| POW.PR.A | Perpetual-Discount | Quote: 24.33 – 24.63 Spot Rate : 0.3000 Average : 0.1994 YTW SCENARIO |