So in Ontario we continue along the Pathway of Doom in today’s election. There have been a lot of complaints about the available choices – but consider this! The next government will have to try very hard to be worse than the outgoing one!
| 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 | -0.1113 % | 2,974.4 |
| FixedFloater | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.1113 % | 5,457.9 |
| Floater | 3.36 % | 3.61 % | 70,342 | 18.19 | 4 | -0.1113 % | 3,145.4 |
| OpRet | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.1194 % | 3,170.1 |
| SplitShare | 4.63 % | 4.64 % | 78,688 | 5.02 | 5 | -0.1194 % | 3,785.8 |
| Interest-Bearing | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.1194 % | 2,953.8 |
| Perpetual-Premium | 5.64 % | -3.78 % | 65,613 | 0.09 | 9 | -0.0960 % | 2,869.9 |
| Perpetual-Discount | 5.41 % | 5.53 % | 61,107 | 14.55 | 26 | 0.0116 % | 2,940.8 |
| FixedReset | 4.31 % | 4.72 % | 151,955 | 5.68 | 105 | -0.1034 % | 2,533.5 |
| Deemed-Retractible | 5.19 % | 5.78 % | 69,311 | 5.57 | 27 | -0.0189 % | 2,940.2 |
| FloatingReset | 3.05 % | 3.70 % | 36,058 | 3.47 | 9 | -0.0550 % | 2,790.0 |
| Performance Highlights | |||
| Issue | Index | Change | Notes |
| PWF.PR.P | FixedReset | -2.05 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-06-07 Maturity Price : 19.13 Evaluated at bid price : 19.13 Bid-YTW : 4.63 % |
| TRP.PR.G | FixedReset | -1.62 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-06-07 Maturity Price : 22.88 Evaluated at bid price : 23.64 Bid-YTW : 5.19 % |
| TRP.PR.E | FixedReset | -1.62 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-06-07 Maturity Price : 21.94 Evaluated at bid price : 22.51 Bid-YTW : 4.98 % |
| TRP.PR.C | FixedReset | -1.13 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-06-07 Maturity Price : 17.52 Evaluated at bid price : 17.52 Bid-YTW : 5.00 % |
| MFC.PR.M | FixedReset | -1.08 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-01-31 Maturity Price : 25.00 Evaluated at bid price : 22.85 Bid-YTW : 5.94 % |
| BAM.PF.C | Perpetual-Discount | 1.08 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-06-07 Maturity Price : 21.54 Evaluated at bid price : 21.54 Bid-YTW : 5.74 % |
| GWO.PR.N | FixedReset | 1.41 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-01-31 Maturity Price : 25.00 Evaluated at bid price : 19.36 Bid-YTW : 7.19 % |
| Volume Highlights | |||
| Issue | Index | Shares Traded |
Notes |
| IFC.PR.G | FixedReset | 140,862 | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-01-31 Maturity Price : 25.00 Evaluated at bid price : 24.68 Bid-YTW : 5.14 % |
| BNS.PR.R | FixedReset | 65,300 | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2022-01-31 Maturity Price : 25.00 Evaluated at bid price : 25.07 Bid-YTW : 4.05 % |
| CM.PR.S | FixedReset | 62,000 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-06-07 Maturity Price : 22.84 Evaluated at bid price : 24.08 Bid-YTW : 4.71 % |
| RY.PR.R | FixedReset | 48,860 | YTW SCENARIO Maturity Type : Call Maturity Date : 2021-08-24 Maturity Price : 25.00 Evaluated at bid price : 26.50 Bid-YTW : 3.60 % |
| MFC.PR.M | FixedReset | 36,280 | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-01-31 Maturity Price : 25.00 Evaluated at bid price : 22.85 Bid-YTW : 5.94 % |
| NA.PR.X | FixedReset | 36,198 | YTW SCENARIO Maturity Type : Call Maturity Date : 2021-05-15 Maturity Price : 25.00 Evaluated at bid price : 26.22 Bid-YTW : 3.97 % |
| There were 19 other index-included issues trading in excess of 10,000 shares. | |||
| Wide Spread Highlights | ||
| Issue | Index | Quote Data and Yield Notes |
| TRP.PR.B | FixedReset | Quote: 16.50 – 17.25 Spot Rate : 0.7500 Average : 0.5248 YTW SCENARIO |
| TRP.PR.E | FixedReset | Quote: 22.51 – 23.20 Spot Rate : 0.6900 Average : 0.4890 YTW SCENARIO |
| TRP.PR.C | FixedReset | Quote: 17.52 – 17.96 Spot Rate : 0.4400 Average : 0.2501 YTW SCENARIO |
| PWF.PR.P | FixedReset | Quote: 19.13 – 19.61 Spot Rate : 0.4800 Average : 0.2907 YTW SCENARIO |
| TRP.PR.G | FixedReset | Quote: 23.64 – 24.12 Spot Rate : 0.4800 Average : 0.3303 YTW SCENARIO |
| BAM.PR.R | FixedReset | Quote: 20.45 – 20.85 Spot Rate : 0.4000 Average : 0.2599 YTW SCENARIO |