The new year commenced on a positive note!
| 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 | 0.9349 % | 2,615.3 |
| FixedFloater | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.9349 % | 4,799.0 |
| Floater | 3.52 % | 3.69 % | 34,225 | 18.13 | 4 | 0.9349 % | 2,765.7 |
| OpRet | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.5055 % | 3,136.7 |
| SplitShare | 4.68 % | 4.08 % | 62,359 | 3.44 | 5 | -0.5055 % | 3,745.9 |
| Interest-Bearing | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.5055 % | 2,922.7 |
| Perpetual-Premium | 5.35 % | 2.70 % | 45,390 | 0.09 | 18 | -0.0305 % | 2,852.5 |
| Perpetual-Discount | 5.26 % | 5.28 % | 62,802 | 14.91 | 16 | 0.0000 % | 3,009.6 |
| FixedReset | 4.22 % | 4.39 % | 135,779 | 4.09 | 98 | 0.0408 % | 2,510.1 |
| Deemed-Retractible | 5.07 % | 5.38 % | 78,881 | 5.89 | 28 | 0.0028 % | 2,943.3 |
| FloatingReset | 2.97 % | 2.83 % | 38,368 | 3.84 | 10 | 0.0886 % | 2,709.7 |
| Performance Highlights | |||
| Issue | Index | Change | Notes |
| PVS.PR.E | SplitShare | -1.91 % | YTW SCENARIO Maturity Type : Call Maturity Date : 2018-02-01 Maturity Price : 26.00 Evaluated at bid price : 26.26 Bid-YTW : -2.27 % |
| TRP.PR.A | FixedReset | -1.24 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-01-02 Maturity Price : 19.85 Evaluated at bid price : 19.85 Bid-YTW : 4.76 % |
| TD.PF.E | FixedReset | -1.08 % | YTW SCENARIO Maturity Type : Call Maturity Date : 2020-10-31 Maturity Price : 25.00 Evaluated at bid price : 24.82 Bid-YTW : 4.23 % |
| TRP.PR.F | FloatingReset | -1.03 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-01-02 Maturity Price : 19.31 Evaluated at bid price : 19.31 Bid-YTW : 3.89 % |
| CCS.PR.C | Deemed-Retractible | 1.10 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-01-31 Maturity Price : 25.00 Evaluated at bid price : 23.91 Bid-YTW : 5.80 % |
| IAG.PR.A | Deemed-Retractible | 1.11 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-01-31 Maturity Price : 25.00 Evaluated at bid price : 22.70 Bid-YTW : 6.27 % |
| BAM.PR.B | Floater | 1.13 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-01-02 Maturity Price : 15.25 Evaluated at bid price : 15.25 Bid-YTW : 3.69 % |
| BAM.PR.C | Floater | 1.19 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-01-02 Maturity Price : 15.25 Evaluated at bid price : 15.25 Bid-YTW : 3.69 % |
| BAM.PR.K | Floater | 1.33 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-01-02 Maturity Price : 15.20 Evaluated at bid price : 15.20 Bid-YTW : 3.70 % |
| Volume Highlights | |||
| Issue | Index | Shares Traded |
Notes |
| RY.PR.I | FixedReset | 671,300 | YTW SCENARIO Maturity Type : Call Maturity Date : 2019-02-24 Maturity Price : 25.00 Evaluated at bid price : 25.09 Bid-YTW : 3.55 % |
| BNS.PR.P | FixedReset | 214,500 | YTW SCENARIO Maturity Type : Call Maturity Date : 2018-04-25 Maturity Price : 25.00 Evaluated at bid price : 24.98 Bid-YTW : 2.88 % |
| TD.PF.C | FixedReset | 73,056 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-01-02 Maturity Price : 23.00 Evaluated at bid price : 23.33 Bid-YTW : 4.43 % |
| CM.PR.R | FixedReset | 68,920 | YTW SCENARIO Maturity Type : Call Maturity Date : 2022-07-31 Maturity Price : 25.00 Evaluated at bid price : 25.55 Bid-YTW : 3.82 % |
| TRP.PR.D | FixedReset | 65,220 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-01-02 Maturity Price : 21.95 Evaluated at bid price : 22.52 Bid-YTW : 4.69 % |
| RY.PR.J | FixedReset | 54,809 | YTW SCENARIO Maturity Type : Call Maturity Date : 2020-05-24 Maturity Price : 25.00 Evaluated at bid price : 24.74 Bid-YTW : 4.25 % |
| There were 8 other index-included issues trading in excess of 10,000 shares. | |||
| Wide Spread Highlights | ||
| Issue | Index | Quote Data and Yield Notes |
| PVS.PR.E | SplitShare | Quote: 26.26 – 26.92 Spot Rate : 0.6600 Average : 0.4309 YTW SCENARIO |
| TD.PR.T | FloatingReset | Quote: 24.92 – 25.40 Spot Rate : 0.4800 Average : 0.2839 YTW SCENARIO |
| SLF.PR.D | Deemed-Retractible | Quote: 21.52 – 21.86 Spot Rate : 0.3400 Average : 0.2114 YTW SCENARIO |
| GWO.PR.Q | Deemed-Retractible | Quote: 24.60 – 24.95 Spot Rate : 0.3500 Average : 0.2268 YTW SCENARIO |
| CU.PR.G | Perpetual-Discount | Quote: 21.84 – 22.15 Spot Rate : 0.3100 Average : 0.2178 YTW SCENARIO |
| BMO.PR.Y | FixedReset | Quote: 24.75 – 25.07 Spot Rate : 0.3200 Average : 0.2280 YTW SCENARIO |