| 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 | 1.4256 % | 3,109.2 |
| FixedFloater | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 1.4256 % | 5,705.2 |
| Floater | 3.74 % | 3.96 % | 40,568 | 17.47 | 4 | 1.4256 % | 3,287.9 |
| OpRet | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.2798 % | 3,210.7 |
| SplitShare | 4.63 % | 4.90 % | 53,935 | 4.66 | 5 | 0.2798 % | 3,834.3 |
| Interest-Bearing | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.2798 % | 2,991.7 |
| Perpetual-Premium | 5.69 % | 5.67 % | 67,989 | 14.17 | 12 | 0.4060 % | 2,880.5 |
| Perpetual-Discount | 5.66 % | 5.76 % | 75,466 | 14.24 | 21 | 0.2370 % | 2,901.0 |
| FixedReset Disc | 4.39 % | 5.38 % | 161,609 | 15.08 | 46 | -0.0608 % | 2,489.9 |
| Deemed-Retractible | 5.34 % | 6.70 % | 69,869 | 5.19 | 27 | 0.4853 % | 2,903.6 |
| FloatingReset | 3.79 % | 3.90 % | 46,659 | 5.45 | 4 | 0.5368 % | 2,789.0 |
| FixedReset Prem | 4.94 % | 4.57 % | 250,630 | 3.05 | 34 | 0.2091 % | 2,541.4 |
| FixedReset Bank Non | 2.97 % | 3.91 % | 114,225 | 0.30 | 6 | 0.0962 % | 2,573.5 |
| FixedReset Ins Non | 4.51 % | 6.27 % | 127,649 | 5.30 | 22 | 0.2972 % | 2,488.8 |
| Performance Highlights | |||
| Issue | Index | Change | Notes |
| TD.PF.A | FixedReset Disc | -5.25 % | A nonsensical quote provided at high cost from Nonsense Central, as the issue traded 8,600 shares today in a range of 22.35-67 before being quoted at 21.29-22.26.
I have not checked whether the lamentable state of the quote is due to inadequate Toronto Stock Exchange reporting or inadequate Toronto Stock Exchange supervision of market-makers. YTW SCENARIO |
| BAM.PR.M | Perpetual-Discount | -3.24 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-11-05 Maturity Price : 19.12 Evaluated at bid price : 19.12 Bid-YTW : 6.31 % |
| HSE.PR.A | FixedReset Disc | -2.99 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-11-05 Maturity Price : 16.22 Evaluated at bid price : 16.22 Bid-YTW : 6.06 % |
| MFC.PR.G | FixedReset Ins Non | -2.95 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-01-31 Maturity Price : 25.00 Evaluated at bid price : 23.00 Bid-YTW : 6.28 % |
| RY.PR.H | FixedReset Disc | -1.99 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-11-05 Maturity Price : 21.75 Evaluated at bid price : 22.20 Bid-YTW : 5.25 % |
| TRP.PR.D | FixedReset Disc | -1.89 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-11-05 Maturity Price : 21.25 Evaluated at bid price : 21.25 Bid-YTW : 5.70 % |
| BAM.PF.F | FixedReset Disc | -1.69 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-11-05 Maturity Price : 22.64 Evaluated at bid price : 23.20 Bid-YTW : 5.71 % |
| BIP.PR.E | FixedReset Disc | -1.64 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-11-05 Maturity Price : 22.54 Evaluated at bid price : 23.41 Bid-YTW : 5.71 % |
| CM.PR.Q | FixedReset Disc | -1.39 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-11-05 Maturity Price : 23.04 Evaluated at bid price : 23.42 Bid-YTW : 5.41 % |
| BIP.PR.A | FixedReset Disc | -1.37 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-11-05 Maturity Price : 22.62 Evaluated at bid price : 23.00 Bid-YTW : 6.43 % |
| IAG.PR.I | FixedReset Ins Non | 1.05 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-01-31 Maturity Price : 25.00 Evaluated at bid price : 24.00 Bid-YTW : 5.80 % |
| TRP.PR.C | FixedReset Disc | 1.06 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-11-05 Maturity Price : 17.20 Evaluated at bid price : 17.20 Bid-YTW : 5.51 % |
| MFC.PR.C | Deemed-Retractible | 1.07 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-01-31 Maturity Price : 25.00 Evaluated at bid price : 19.78 Bid-YTW : 9.14 % |
| MFC.PR.B | Deemed-Retractible | 1.08 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-01-31 Maturity Price : 25.00 Evaluated at bid price : 20.55 Bid-YTW : 8.57 % |
| IAG.PR.G | FixedReset Ins Non | 1.15 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-01-31 Maturity Price : 25.00 Evaluated at bid price : 22.85 Bid-YTW : 6.16 % |
| PWF.PR.K | Perpetual-Discount | 1.18 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-11-05 Maturity Price : 21.45 Evaluated at bid price : 21.45 Bid-YTW : 5.82 % |
| BMO.PR.W | FixedReset Disc | 1.18 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-11-05 Maturity Price : 21.79 Evaluated at bid price : 22.26 Bid-YTW : 5.17 % |
| GWO.PR.I | Deemed-Retractible | 1.20 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-01-31 Maturity Price : 25.00 Evaluated at bid price : 20.19 Bid-YTW : 8.70 % |
| PWF.PR.A | Floater | 1.28 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-11-05 Maturity Price : 21.32 Evaluated at bid price : 21.32 Bid-YTW : 3.24 % |
| W.PR.H | Perpetual-Discount | 1.29 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-11-05 Maturity Price : 24.02 Evaluated at bid price : 24.27 Bid-YTW : 5.71 % |
| HSE.PR.C | FixedReset Disc | 1.30 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-11-05 Maturity Price : 22.89 Evaluated at bid price : 23.40 Bid-YTW : 5.91 % |
| EML.PR.A | FixedReset Ins Non | 1.33 % | YTW SCENARIO Maturity Type : Call Maturity Date : 2021-04-17 Maturity Price : 25.00 Evaluated at bid price : 25.94 Bid-YTW : 4.27 % |
| BAM.PR.K | Floater | 1.33 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-11-05 Maturity Price : 17.53 Evaluated at bid price : 17.53 Bid-YTW : 3.98 % |
| SLF.PR.A | Deemed-Retractible | 1.42 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-01-31 Maturity Price : 25.00 Evaluated at bid price : 21.40 Bid-YTW : 7.86 % |
| BAM.PR.C | Floater | 1.45 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-11-05 Maturity Price : 17.55 Evaluated at bid price : 17.55 Bid-YTW : 3.97 % |
| GWO.PR.S | Deemed-Retractible | 1.51 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-01-31 Maturity Price : 25.00 Evaluated at bid price : 23.55 Bid-YTW : 6.54 % |
| BAM.PR.B | Floater | 1.68 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-11-05 Maturity Price : 17.59 Evaluated at bid price : 17.59 Bid-YTW : 3.96 % |
| TRP.PR.B | FixedReset Disc | 1.76 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-11-05 Maturity Price : 16.75 Evaluated at bid price : 16.75 Bid-YTW : 5.40 % |
| BAM.PF.B | FixedReset Disc | 1.82 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-11-05 Maturity Price : 22.20 Evaluated at bid price : 22.90 Bid-YTW : 5.54 % |
| BAM.PF.E | FixedReset Disc | 1.88 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-11-05 Maturity Price : 22.39 Evaluated at bid price : 22.80 Bid-YTW : 5.46 % |
| PWF.PR.Q | FloatingReset | 1.90 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-11-05 Maturity Price : 21.45 Evaluated at bid price : 21.45 Bid-YTW : 3.88 % |
| BIP.PR.F | FixedReset Prem | 2.20 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-11-05 Maturity Price : 23.02 Evaluated at bid price : 24.63 Bid-YTW : 5.36 % |
| BAM.PR.R | FixedReset Disc | 2.29 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-11-05 Maturity Price : 20.07 Evaluated at bid price : 20.07 Bid-YTW : 5.64 % |
| IFC.PR.G | FixedReset Ins Non | 3.49 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-01-31 Maturity Price : 25.00 Evaluated at bid price : 24.00 Bid-YTW : 5.83 % |
| Volume Highlights | |||
| Issue | Index | Shares Traded |
Notes |
| RY.PR.S | FixedReset Disc | 209,287 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-11-05 Maturity Price : 23.03 Evaluated at bid price : 24.69 Bid-YTW : 4.80 % |
| RY.PR.M | FixedReset Disc | 108,400 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-11-05 Maturity Price : 22.91 Evaluated at bid price : 23.24 Bid-YTW : 5.26 % |
| TD.PF.H | FixedReset Prem | 71,736 | YTW SCENARIO Maturity Type : Call Maturity Date : 2021-10-31 Maturity Price : 25.00 Evaluated at bid price : 25.65 Bid-YTW : 3.96 % |
| MFC.PR.O | FixedReset Ins Non | 56,225 | YTW SCENARIO Maturity Type : Call Maturity Date : 2021-06-19 Maturity Price : 25.00 Evaluated at bid price : 25.95 Bid-YTW : 4.38 % |
| RY.PR.Z | FixedReset Disc | 30,670 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-11-05 Maturity Price : 21.91 Evaluated at bid price : 22.43 Bid-YTW : 5.15 % |
| RY.PR.H | FixedReset Disc | 30,070 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-11-05 Maturity Price : 21.75 Evaluated at bid price : 22.20 Bid-YTW : 5.25 % |
| There were 18 other index-included issues trading in excess of 10,000 shares. | |||
| Wide Spread Highlights | ||
| Issue | Index | Quote Data and Yield Notes |
| TD.PF.A | FixedReset Disc | Quote: 21.29 – 22.66 Spot Rate : 1.3700 Average : 0.7828 YTW SCENARIO |
| BAM.PR.M | Perpetual-Discount | Quote: 19.12 – 20.40 Spot Rate : 1.2800 Average : 0.8469 YTW SCENARIO |
| SLF.PR.A | Deemed-Retractible | Quote: 21.40 – 22.25 Spot Rate : 0.8500 Average : 0.5056 YTW SCENARIO |
| MFC.PR.G | FixedReset Ins Non | Quote: 23.00 – 23.84 Spot Rate : 0.8400 Average : 0.5231 YTW SCENARIO |
| BAM.PF.G | FixedReset Disc | Quote: 23.35 – 24.10 Spot Rate : 0.7500 Average : 0.5186 YTW SCENARIO |
| TRP.PR.D | FixedReset Disc | Quote: 21.25 – 22.19 Spot Rate : 0.9400 Average : 0.7099 YTW SCENARIO |