Another foreshortened market report, but I’m hoping to finish the importation of posts soon!
| 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 | -0.2231 % | 2,528.1 |
| FixedFloater | 4.28 % | 3.56 % | 32,498 | 18.22 | 1 | 0.3163 % | 3,922.4 |
| Floater | 2.94 % | 2.97 % | 61,741 | 19.75 | 3 | -0.2231 % | 2,729.7 |
| OpRet | 4.61 % | -3.99 % | 75,101 | 0.08 | 3 | 0.0384 % | 2,666.1 |
| SplitShare | 4.74 % | 4.10 % | 69,338 | 3.65 | 6 | 0.1304 % | 2,990.8 |
| Interest-Bearing | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.0384 % | 2,437.9 |
| Perpetual-Premium | 5.56 % | 2.52 % | 125,640 | 0.09 | 11 | 0.0287 % | 2,314.8 |
| Perpetual-Discount | 5.59 % | 5.56 % | 162,368 | 14.50 | 27 | -0.1770 % | 2,354.8 |
| FixedReset | 4.96 % | 3.24 % | 226,751 | 3.27 | 82 | 0.1543 % | 2,490.8 |
| Deemed-Retractible | 5.05 % | 3.76 % | 190,471 | 1.36 | 42 | 0.1186 % | 2,430.1 |
| FloatingReset | 2.64 % | 2.32 % | 314,817 | 4.45 | 5 | 0.0316 % | 2,464.7 |
| Performance Highlights | |||
| Issue | Index | Change | Notes |
| CU.PR.E | Perpetual-Discount | -1.39 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2043-11-28 Maturity Price : 22.35 Evaluated at bid price : 22.69 Bid-YTW : 5.41 % |
| CU.PR.D | Perpetual-Discount | -1.26 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2043-11-28 Maturity Price : 22.41 Evaluated at bid price : 22.76 Bid-YTW : 5.40 % |
| TRP.PR.A | FixedReset | 1.18 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2043-11-28 Maturity Price : 24.00 Evaluated at bid price : 24.45 Bid-YTW : 3.77 % |
| ENB.PR.H | FixedReset | 1.19 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2043-11-28 Maturity Price : 22.74 Evaluated at bid price : 23.89 Bid-YTW : 4.03 % |
| GWO.PR.G | Deemed-Retractible | 1.41 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-01-31 Maturity Price : 25.00 Evaluated at bid price : 24.45 Bid-YTW : 5.60 % |
| Volume Highlights | |||
| Issue | Index | Shares Traded |
Notes |
| IAG.PR.G | FixedReset | 117,826 | YTW SCENARIO Maturity Type : Call Maturity Date : 2017-06-30 Maturity Price : 25.00 Evaluated at bid price : 26.00 Bid-YTW : 3.02 % |
| RY.PR.D | Deemed-Retractible | 56,350 | YTW SCENARIO Maturity Type : Call Maturity Date : 2015-02-24 Maturity Price : 25.25 Evaluated at bid price : 25.51 Bid-YTW : 3.66 % |
| RY.PR.I | FixedReset | 54,260 | YTW SCENARIO Maturity Type : Call Maturity Date : 2014-02-24 Maturity Price : 25.00 Evaluated at bid price : 25.21 Bid-YTW : 1.73 % |
| BNS.PR.Y | FixedReset | 49,392 | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2022-01-31 Maturity Price : 25.00 Evaluated at bid price : 23.75 Bid-YTW : 3.74 % |
| BMO.PR.P | FixedReset | 37,547 | YTW SCENARIO Maturity Type : Call Maturity Date : 2015-02-25 Maturity Price : 25.00 Evaluated at bid price : 26.15 Bid-YTW : 1.69 % |
| MFC.PR.A | OpRet | 31,250 | YTW SCENARIO Maturity Type : Call Maturity Date : 2013-12-28 Maturity Price : 25.50 Evaluated at bid price : 25.61 Bid-YTW : -3.99 % |
| There were 38 other index-included issues trading in excess of 10,000 shares. | |||
| Wide Spread Highlights | ||
| Issue | Index | Quote Data and Yield Notes |
| TD.PR.R | Deemed-Retractible | Quote: 26.57 – 26.96 Spot Rate : 0.3900 Average : 0.2519 YTW SCENARIO |
| BAM.PR.C | Floater | Quote: 17.85 – 18.15 Spot Rate : 0.3000 Average : 0.1997 YTW SCENARIO |
| CIU.PR.A | Perpetual-Discount | Quote: 20.97 – 21.49 Spot Rate : 0.5200 Average : 0.4242 YTW SCENARIO |
| MFC.PR.H | FixedReset | Quote: 26.13 – 26.45 Spot Rate : 0.3200 Average : 0.2423 YTW SCENARIO |
| IAG.PR.A | Deemed-Retractible | Quote: 21.79 – 22.00 Spot Rate : 0.2100 Average : 0.1435 YTW SCENARIO |
| ABK.PR.C | SplitShare | Quote: 31.75 – 32.22 Spot Rate : 0.4700 Average : 0.4147 YTW SCENARIO |