Nothing happened today.
It was a mixed day on the Canadian preferred share market, with PerpetualPremiums gaining 7bp, FixedResets off 2bp and DeemedRetractibles up 13bp. Volatility was minimal. 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 | -0.9808 % | 2,576.2 |
| FixedFloater | 4.11 % | 3.47 % | 31,264 | 18.31 | 1 | -0.6879 % | 3,954.6 |
| Floater | 2.70 % | 2.92 % | 85,676 | 19.95 | 4 | -0.9808 % | 2,781.6 |
| OpRet | 4.79 % | -0.19 % | 52,267 | 0.19 | 5 | 0.0695 % | 2,613.5 |
| SplitShare | 4.81 % | 4.00 % | 134,760 | 4.15 | 5 | 0.0394 % | 2,953.7 |
| Interest-Bearing | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.0695 % | 2,389.8 |
| Perpetual-Premium | 5.18 % | 2.77 % | 87,879 | 0.63 | 32 | 0.0672 % | 2,379.8 |
| Perpetual-Discount | 4.85 % | 4.84 % | 168,891 | 15.74 | 4 | 0.2138 % | 2,682.6 |
| FixedReset | 4.90 % | 2.64 % | 282,182 | 3.24 | 80 | -0.0188 % | 2,516.0 |
| Deemed-Retractible | 4.85 % | 2.81 % | 130,667 | 0.37 | 44 | 0.1311 % | 2,459.4 |
| Performance Highlights | |||
| Issue | Index | Change | Notes |
| TRI.PR.B | Floater | -1.40 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2043-04-09 Maturity Price : 23.64 Evaluated at bid price : 23.91 Bid-YTW : 2.18 % |
| HSB.PR.E | FixedReset | -1.21 % | YTW SCENARIO Maturity Type : Call Maturity Date : 2014-06-30 Maturity Price : 25.00 Evaluated at bid price : 26.21 Bid-YTW : 2.70 % |
| Volume Highlights | |||
| Issue | Index | Shares Traded |
Notes |
| BNS.PR.P | FixedReset | 90,923 | YTW SCENARIO Maturity Type : Call Maturity Date : 2013-05-25 Maturity Price : 25.00 Evaluated at bid price : 25.12 Bid-YTW : -1.09 % |
| BAM.PR.B | Floater | 90,277 | RBC crossed 79,100 at 18.00. YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2043-04-09 Maturity Price : 18.05 Evaluated at bid price : 18.05 Bid-YTW : 2.92 % |
| TRP.PR.D | FixedReset | 83,950 | Desjardins crossed 47,500 at 26.01; Scotia crossed 20,000 at the same price. YTW SCENARIO Maturity Type : Call Maturity Date : 2019-04-30 Maturity Price : 25.00 Evaluated at bid price : 26.01 Bid-YTW : 3.35 % |
| TRP.PR.B | FixedReset | 60,506 | RBC crossed 37,900 at 24.75. YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2043-04-09 Maturity Price : 23.45 Evaluated at bid price : 24.78 Bid-YTW : 2.52 % |
| BNS.PR.T | FixedReset | 50,492 | Nesbitt crossed 46,600 at 26.05. YTW SCENARIO Maturity Type : Call Maturity Date : 2014-04-25 Maturity Price : 25.00 Evaluated at bid price : 25.99 Bid-YTW : 2.04 % |
| GWO.PR.L | Deemed-Retractible | 30,200 | National crossed 25,000 at 26.48. YTW SCENARIO Maturity Type : Call Maturity Date : 2014-12-31 Maturity Price : 26.00 Evaluated at bid price : 26.43 Bid-YTW : 4.53 % |
| There were 34 other index-included issues trading in excess of 10,000 shares. | |||
| Wide Spread Highlights | ||
| Issue | Index | Quote Data and Yield Notes |
| MFC.PR.F | FixedReset | Quote: 25.45 – 26.40 Spot Rate : 0.9500 Average : 0.5648 YTW SCENARIO |
| PWF.PR.F | Perpetual-Premium | Quote: 25.38 – 25.69 Spot Rate : 0.3100 Average : 0.2028 YTW SCENARIO |
| BAM.PR.P | FixedReset | Quote: 26.65 – 26.87 Spot Rate : 0.2200 Average : 0.1403 YTW SCENARIO |
| PWF.PR.L | Perpetual-Premium | Quote: 25.41 – 25.67 Spot Rate : 0.2600 Average : 0.1837 YTW SCENARIO |
| FTS.PR.F | Perpetual-Premium | Quote: 25.88 – 26.20 Spot Rate : 0.3200 Average : 0.2678 YTW SCENARIO |
| CM.PR.K | FixedReset | Quote: 25.81 – 26.00 Spot Rate : 0.1900 Average : 0.1380 YTW SCENARIO |