So much for the rally! The market’s back to normal …
| 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 | 0.2199 % | 2,681.4 |
| FixedFloater | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.2199 % | 4,920.2 |
| Floater | 4.33 % | 4.65 % | 39,565 | 16.05 | 4 | 0.2199 % | 2,835.5 |
| OpRet | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.0606 % | 3,179.2 |
| SplitShare | 4.63 % | 5.23 % | 82,441 | 4.65 | 7 | 0.0606 % | 3,796.6 |
| Interest-Bearing | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.0606 % | 2,962.3 |
| Perpetual-Premium | 5.97 % | 6.04 % | 54,101 | 13.81 | 3 | 0.1478 % | 2,844.3 |
| Perpetual-Discount | 5.73 % | 5.92 % | 78,392 | 13.94 | 31 | 0.3224 % | 2,858.3 |
| FixedReset Disc | 4.88 % | 5.69 % | 175,032 | 14.52 | 58 | -0.5188 % | 2,288.3 |
| Deemed-Retractible | 5.50 % | 7.32 % | 87,754 | 5.12 | 26 | 0.1139 % | 2,855.4 |
| FloatingReset | 4.12 % | 4.80 % | 34,517 | 5.38 | 6 | -0.9463 % | 2,556.9 |
| FixedReset Prem | 5.12 % | 4.67 % | 246,848 | 2.51 | 22 | 0.0015 % | 2,502.5 |
| FixedReset Bank Non | 2.98 % | 4.25 % | 124,563 | 2.95 | 6 | -0.0344 % | 2,566.4 |
| FixedReset Ins Non | 4.92 % | 7.85 % | 125,088 | 5.23 | 22 | -0.2867 % | 2,293.3 |
| Performance Highlights | |||
| Issue | Index | Change | Notes |
| HSE.PR.C | FixedReset Disc | -3.50 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-11-29 Maturity Price : 20.10 Evaluated at bid price : 20.10 Bid-YTW : 6.69 % |
| BIP.PR.F | FixedReset Disc | -3.28 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-11-29 Maturity Price : 21.52 Evaluated at bid price : 21.52 Bid-YTW : 6.17 % |
| PWF.PR.Q | FloatingReset | -2.84 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-11-29 Maturity Price : 18.46 Evaluated at bid price : 18.46 Bid-YTW : 4.51 % |
| TRP.PR.G | FixedReset Disc | -2.81 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-11-29 Maturity Price : 20.42 Evaluated at bid price : 20.42 Bid-YTW : 6.27 % |
| TRP.PR.H | FloatingReset | -2.71 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-11-29 Maturity Price : 13.84 Evaluated at bid price : 13.84 Bid-YTW : 5.38 % |
| BIP.PR.E | FixedReset Disc | -2.37 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-11-29 Maturity Price : 20.77 Evaluated at bid price : 20.77 Bid-YTW : 6.30 % |
| HSE.PR.G | FixedReset Disc | -2.17 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-11-29 Maturity Price : 21.18 Evaluated at bid price : 21.18 Bid-YTW : 6.76 % |
| BMO.PR.S | FixedReset Disc | -2.13 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-11-29 Maturity Price : 20.65 Evaluated at bid price : 20.65 Bid-YTW : 5.65 % |
| HSE.PR.E | FixedReset Disc | -1.94 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-11-29 Maturity Price : 21.24 Evaluated at bid price : 21.24 Bid-YTW : 6.78 % |
| MFC.PR.N | FixedReset Ins Non | -1.86 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-01-31 Maturity Price : 25.00 Evaluated at bid price : 19.47 Bid-YTW : 9.21 % |
| TRP.PR.F | FloatingReset | -1.86 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-11-29 Maturity Price : 16.88 Evaluated at bid price : 16.88 Bid-YTW : 5.35 % |
| NA.PR.S | FixedReset Disc | -1.67 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-11-29 Maturity Price : 20.60 Evaluated at bid price : 20.60 Bid-YTW : 5.76 % |
| CM.PR.Q | FixedReset Disc | -1.67 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-11-29 Maturity Price : 21.46 Evaluated at bid price : 21.80 Bid-YTW : 5.70 % |
| TRP.PR.A | FixedReset Disc | -1.62 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-11-29 Maturity Price : 16.58 Evaluated at bid price : 16.58 Bid-YTW : 6.31 % |
| TRP.PR.B | FixedReset Disc | -1.50 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-11-29 Maturity Price : 14.02 Evaluated at bid price : 14.02 Bid-YTW : 6.18 % |
| MFC.PR.M | FixedReset Ins Non | -1.40 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-01-31 Maturity Price : 25.00 Evaluated at bid price : 19.77 Bid-YTW : 9.03 % |
| MFC.PR.F | FixedReset Ins Non | -1.32 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-01-31 Maturity Price : 25.00 Evaluated at bid price : 15.71 Bid-YTW : 11.61 % |
| BMO.PR.W | FixedReset Disc | -1.31 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-11-29 Maturity Price : 20.35 Evaluated at bid price : 20.35 Bid-YTW : 5.56 % |
| GWO.PR.N | FixedReset Ins Non | -1.30 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-01-31 Maturity Price : 25.00 Evaluated at bid price : 15.89 Bid-YTW : 11.62 % |
| BMO.PR.T | FixedReset Disc | -1.30 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-11-29 Maturity Price : 20.45 Evaluated at bid price : 20.45 Bid-YTW : 5.58 % |
| MFC.PR.Q | FixedReset Ins Non | -1.25 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-01-31 Maturity Price : 25.00 Evaluated at bid price : 20.59 Bid-YTW : 8.46 % |
| HSE.PR.A | FixedReset Disc | -1.23 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-11-29 Maturity Price : 14.46 Evaluated at bid price : 14.46 Bid-YTW : 6.59 % |
| MFC.PR.B | Deemed-Retractible | -1.16 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-01-31 Maturity Price : 25.00 Evaluated at bid price : 19.60 Bid-YTW : 9.33 % |
| TRP.PR.D | FixedReset Disc | -1.15 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-11-29 Maturity Price : 18.83 Evaluated at bid price : 18.83 Bid-YTW : 6.29 % |
| TRP.PR.E | FixedReset Disc | -1.04 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-11-29 Maturity Price : 19.00 Evaluated at bid price : 19.00 Bid-YTW : 6.18 % |
| IFC.PR.C | FixedReset Ins Non | -1.03 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-01-31 Maturity Price : 25.00 Evaluated at bid price : 20.20 Bid-YTW : 8.37 % |
| MFC.PR.J | FixedReset Ins Non | -1.00 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-01-31 Maturity Price : 25.00 Evaluated at bid price : 21.73 Bid-YTW : 7.59 % |
| RY.PR.M | FixedReset Disc | -1.00 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-11-29 Maturity Price : 21.44 Evaluated at bid price : 21.78 Bid-YTW : 5.51 % |
| BAM.PR.Z | FixedReset Disc | 1.00 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-11-29 Maturity Price : 21.21 Evaluated at bid price : 21.21 Bid-YTW : 6.14 % |
| CM.PR.S | FixedReset Disc | 1.02 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-11-29 Maturity Price : 21.41 Evaluated at bid price : 21.73 Bid-YTW : 5.45 % |
| SLF.PR.H | FixedReset Ins Non | 1.06 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-01-31 Maturity Price : 25.00 Evaluated at bid price : 19.05 Bid-YTW : 8.72 % |
| ELF.PR.H | Perpetual-Discount | 1.07 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-11-29 Maturity Price : 23.11 Evaluated at bid price : 23.55 Bid-YTW : 5.91 % |
| BAM.PR.B | Floater | 1.07 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-11-29 Maturity Price : 15.05 Evaluated at bid price : 15.05 Bid-YTW : 4.65 % |
| BIP.PR.D | FixedReset Disc | 1.12 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-11-29 Maturity Price : 22.63 Evaluated at bid price : 23.40 Bid-YTW : 6.24 % |
| BAM.PR.N | Perpetual-Discount | 1.15 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-11-29 Maturity Price : 19.42 Evaluated at bid price : 19.42 Bid-YTW : 6.24 % |
| PWF.PR.L | Perpetual-Discount | 1.30 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-11-29 Maturity Price : 21.52 Evaluated at bid price : 21.78 Bid-YTW : 5.91 % |
| GWO.PR.S | Deemed-Retractible | 1.34 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-01-31 Maturity Price : 25.00 Evaluated at bid price : 23.39 Bid-YTW : 6.76 % |
| TD.PF.E | FixedReset Disc | 1.39 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-11-29 Maturity Price : 22.35 Evaluated at bid price : 22.67 Bid-YTW : 5.57 % |
| CU.PR.H | Perpetual-Discount | 1.40 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-11-29 Maturity Price : 22.78 Evaluated at bid price : 23.12 Bid-YTW : 5.70 % |
| GWO.PR.Q | Deemed-Retractible | 1.63 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-01-31 Maturity Price : 25.00 Evaluated at bid price : 22.29 Bid-YTW : 7.32 % |
| SLF.PR.G | FixedReset Ins Non | 1.85 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-01-31 Maturity Price : 25.00 Evaluated at bid price : 17.09 Bid-YTW : 10.38 % |
| IAG.PR.I | FixedReset Ins Non | 2.52 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-01-31 Maturity Price : 25.00 Evaluated at bid price : 22.87 Bid-YTW : 6.53 % |
| Volume Highlights | |||
| Issue | Index | Shares Traded |
Notes |
| RY.PR.Q | FixedReset Prem | 623,797 | YTW SCENARIO Maturity Type : Call Maturity Date : 2021-05-24 Maturity Price : 25.00 Evaluated at bid price : 25.74 Bid-YTW : 4.28 % |
| TD.PF.H | FixedReset Prem | 292,200 | YTW SCENARIO Maturity Type : Call Maturity Date : 2021-10-31 Maturity Price : 25.00 Evaluated at bid price : 25.42 Bid-YTW : 4.40 % |
| TD.PF.G | FixedReset Prem | 278,486 | YTW SCENARIO Maturity Type : Call Maturity Date : 2021-04-30 Maturity Price : 25.00 Evaluated at bid price : 25.80 Bid-YTW : 4.30 % |
| BNS.PR.F | FloatingReset | 228,200 | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2022-01-31 Maturity Price : 25.00 Evaluated at bid price : 23.79 Bid-YTW : 4.80 % |
| RY.PR.I | FixedReset Bank Non | 143,206 | YTW SCENARIO Maturity Type : Call Maturity Date : 2019-02-24 Maturity Price : 25.00 Evaluated at bid price : 25.02 Bid-YTW : 3.40 % |
| EMA.PR.H | FixedReset Disc | 122,000 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-11-29 Maturity Price : 22.88 Evaluated at bid price : 24.20 Bid-YTW : 5.03 % |
| TRP.PR.H | FloatingReset | 111,500 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-11-29 Maturity Price : 13.84 Evaluated at bid price : 13.84 Bid-YTW : 5.38 % |
| There were 50 other index-included issues trading in excess of 10,000 shares. | |||
| Wide Spread Highlights | ||
| Issue | Index | Quote Data and Yield Notes |
| EMA.PR.F | FixedReset Disc | Quote: 20.07 – 21.09 Spot Rate : 1.0200 Average : 0.7564 YTW SCENARIO |
| BIP.PR.D | FixedReset Disc | Quote: 23.40 – 23.98 Spot Rate : 0.5800 Average : 0.4075 YTW SCENARIO |
| MFC.PR.G | FixedReset Ins Non | Quote: 20.91 – 21.43 Spot Rate : 0.5200 Average : 0.3683 YTW SCENARIO |
| BMO.PR.W | FixedReset Disc | Quote: 20.35 – 20.83 Spot Rate : 0.4800 Average : 0.3297 YTW SCENARIO |
| BAM.PF.G | FixedReset Disc | Quote: 20.80 – 21.42 Spot Rate : 0.6200 Average : 0.4706 YTW SCENARIO |
| TRP.PR.G | FixedReset Disc | Quote: 20.42 – 20.85 Spot Rate : 0.4300 Average : 0.2941 YTW SCENARIO |