The quality of quotes provided by the Toronto Stock Exchange seems to get worse every day.
| 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 | -3.3646 % | 2,393.8 |
| FixedFloater | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -3.3646 % | 4,392.5 |
| Floater | 4.89 % | 5.14 % | 39,137 | 15.29 | 4 | -3.3646 % | 2,531.4 |
| OpRet | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.7600 % | 3,209.1 |
| SplitShare | 4.64 % | 4.78 % | 90,129 | 4.53 | 6 | 0.7600 % | 3,832.4 |
| Interest-Bearing | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.7600 % | 2,990.2 |
| Perpetual-Premium | 5.59 % | 5.27 % | 168,297 | 14.94 | 2 | -0.3168 % | 2,883.4 |
| Perpetual-Discount | 5.65 % | 5.77 % | 76,887 | 14.23 | 33 | -0.0764 % | 2,951.5 |
| FixedReset Disc | 4.91 % | 5.28 % | 199,221 | 14.98 | 66 | -0.3896 % | 2,298.6 |
| Deemed-Retractible | 5.38 % | 6.33 % | 84,479 | 8.20 | 27 | 0.0293 % | 2,940.0 |
| FloatingReset | 4.02 % | 4.06 % | 42,006 | 2.92 | 7 | -0.2064 % | 2,502.1 |
| FixedReset Prem | 5.16 % | 4.19 % | 260,854 | 2.21 | 14 | 0.1033 % | 2,532.1 |
| FixedReset Bank Non | 2.96 % | 3.60 % | 123,055 | 0.12 | 6 | 0.2471 % | 2,590.0 |
| FixedReset Ins Non | 4.83 % | 6.25 % | 146,303 | 8.42 | 22 | -0.1113 % | 2,277.5 |
| Performance Highlights | |||
| Issue | Index | Change | Notes |
| TD.PF.B | FixedReset Disc | -12.20 % | A nonsensical quote provided at high cost from Nonsense Central, as the issue traded 3,500 shares today in a range of 20.40-52 before being quoted at 18.00-20.50. The closing price was 20.52.
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 |
| MFC.PR.M | FixedReset Ins Non | -7.97 % | A nonsensical quote provided at high cost from Nonsense Central, as the issue traded 4,348 shares today in a range of 20.13-39 before being quoted at 18.35-20.39. The closing price was 20.33.
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.B | Floater | -7.43 % | A nonsensical quote provided at high cost from Nonsense Central, as the issue traded 1,525 shares today in a range of 13.80-97 before being quoted at 12.71-13.97. The closing price was 13.97.
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 |
| VNR.PR.A | FixedReset Disc | -7.36 % | A nonsensical quote provided at high cost from Nonsense Central, as the issue traded 4,750 shares today in a range of 22.00-26 before being quoted at 20.01-22.00. The closing price was 22.00.
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.Z | FixedReset Disc | -7.21 % | A nonsensical quote provided at high cost from Nonsense Central, as the issue traded 11,775 shares today in a range of 22.89-22 before being quoted at 21.50-22.88. The closing price was 22.89.
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 |
| MFC.PR.K | FixedReset Ins Non | -6.06 % | A nonsensical quote provided at high cost from Nonsense Central, as the issue traded 7,684 shares today in a range of 20.44-78 before being quoted at 19.22-20.65. The closing price was 20.69.
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 | -4.40 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-01-11 Maturity Price : 20.00 Evaluated at bid price : 20.00 Bid-YTW : 6.00 % |
| MFC.PR.L | FixedReset Ins Non | -4.38 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2030-01-31 Maturity Price : 25.00 Evaluated at bid price : 18.10 Bid-YTW : 7.90 % |
| PWF.PR.P | FixedReset Disc | -4.28 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-01-11 Maturity Price : 15.00 Evaluated at bid price : 15.00 Bid-YTW : 5.59 % |
| PWF.PR.A | Floater | -3.51 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-01-11 Maturity Price : 16.75 Evaluated at bid price : 16.75 Bid-YTW : 4.17 % |
| GWO.PR.S | Deemed-Retractible | -2.79 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2030-01-31 Maturity Price : 25.00 Evaluated at bid price : 23.00 Bid-YTW : 6.33 % |
| BAM.PR.T | FixedReset Disc | -2.55 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-01-11 Maturity Price : 17.60 Evaluated at bid price : 17.60 Bid-YTW : 5.81 % |
| BAM.PR.X | FixedReset Disc | -2.17 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-01-11 Maturity Price : 16.23 Evaluated at bid price : 16.23 Bid-YTW : 5.42 % |
| TRP.PR.F | FloatingReset | -1.95 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-01-11 Maturity Price : 16.60 Evaluated at bid price : 16.60 Bid-YTW : 5.38 % |
| TRP.PR.B | FixedReset Disc | -1.82 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-01-11 Maturity Price : 13.50 Evaluated at bid price : 13.50 Bid-YTW : 5.75 % |
| RY.PR.M | FixedReset Disc | -1.67 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-01-11 Maturity Price : 21.45 Evaluated at bid price : 21.80 Bid-YTW : 5.10 % |
| RY.PR.Z | FixedReset Disc | -1.56 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-01-11 Maturity Price : 20.77 Evaluated at bid price : 20.77 Bid-YTW : 4.99 % |
| CM.PR.O | FixedReset Disc | -1.46 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-01-11 Maturity Price : 20.20 Evaluated at bid price : 20.20 Bid-YTW : 5.20 % |
| BAM.PR.C | Floater | -1.45 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-01-11 Maturity Price : 13.55 Evaluated at bid price : 13.55 Bid-YTW : 5.14 % |
| BAM.PR.R | FixedReset Disc | -1.37 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-01-11 Maturity Price : 18.05 Evaluated at bid price : 18.05 Bid-YTW : 5.61 % |
| TD.PF.E | FixedReset Disc | -1.36 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-01-11 Maturity Price : 22.13 Evaluated at bid price : 22.44 Bid-YTW : 5.17 % |
| TD.PF.C | FixedReset Disc | -1.27 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-01-11 Maturity Price : 20.15 Evaluated at bid price : 20.15 Bid-YTW : 5.12 % |
| RY.PR.H | FixedReset Disc | -1.19 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-01-11 Maturity Price : 20.80 Evaluated at bid price : 20.80 Bid-YTW : 5.04 % |
| BAM.PF.A | FixedReset Disc | -1.07 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-01-11 Maturity Price : 22.38 Evaluated at bid price : 23.15 Bid-YTW : 5.24 % |
| BAM.PF.G | FixedReset Disc | -1.05 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-01-11 Maturity Price : 20.75 Evaluated at bid price : 20.75 Bid-YTW : 5.72 % |
| BAM.PR.K | Floater | -1.02 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-01-11 Maturity Price : 13.57 Evaluated at bid price : 13.57 Bid-YTW : 5.14 % |
| PVS.PR.F | SplitShare | 1.08 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2024-09-30 Maturity Price : 25.00 Evaluated at bid price : 25.17 Bid-YTW : 4.78 % |
| PWF.PR.S | Perpetual-Discount | 1.15 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-01-11 Maturity Price : 21.15 Evaluated at bid price : 21.15 Bid-YTW : 5.69 % |
| HSE.PR.E | FixedReset Disc | 1.19 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-01-11 Maturity Price : 21.25 Evaluated at bid price : 21.25 Bid-YTW : 6.38 % |
| EIT.PR.B | SplitShare | 1.31 % | YTW SCENARIO Maturity Type : Soft Maturity Maturity Date : 2025-03-14 Maturity Price : 25.00 Evaluated at bid price : 24.67 Bid-YTW : 5.15 % |
| MFC.PR.J | FixedReset Ins Non | 1.44 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2030-01-31 Maturity Price : 25.00 Evaluated at bid price : 21.86 Bid-YTW : 6.26 % |
| SLF.PR.A | Deemed-Retractible | 1.46 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2030-01-31 Maturity Price : 25.00 Evaluated at bid price : 21.51 Bid-YTW : 6.61 % |
| BAM.PF.J | FixedReset Disc | 1.52 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-01-11 Maturity Price : 23.15 Evaluated at bid price : 24.72 Bid-YTW : 4.93 % |
| BMO.PR.W | FixedReset Disc | 1.65 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-01-11 Maturity Price : 20.38 Evaluated at bid price : 20.38 Bid-YTW : 5.08 % |
| MFC.PR.H | FixedReset Ins Non | 1.65 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2030-01-31 Maturity Price : 25.00 Evaluated at bid price : 22.75 Bid-YTW : 5.97 % |
| BIP.PR.D | FixedReset Disc | 1.74 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-01-11 Maturity Price : 22.67 Evaluated at bid price : 23.45 Bid-YTW : 5.91 % |
| BMO.PR.Q | FixedReset Bank Non | 1.74 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2022-01-31 Maturity Price : 25.00 Evaluated at bid price : 23.40 Bid-YTW : 4.35 % |
| MFC.PR.R | FixedReset Ins Non | 1.95 % | YTW SCENARIO Maturity Type : Call Maturity Date : 2022-03-19 Maturity Price : 25.00 Evaluated at bid price : 24.62 Bid-YTW : 5.52 % |
| MFC.PR.Q | FixedReset Ins Non | 2.15 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2030-01-31 Maturity Price : 25.00 Evaluated at bid price : 21.86 Bid-YTW : 6.22 % |
| BIP.PR.E | FixedReset Disc | 2.16 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-01-11 Maturity Price : 22.44 Evaluated at bid price : 23.20 Bid-YTW : 5.39 % |
| BIP.PR.F | FixedReset Disc | 2.19 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-01-11 Maturity Price : 22.44 Evaluated at bid price : 23.30 Bid-YTW : 5.47 % |
| IFC.PR.G | FixedReset Ins Non | 2.33 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2030-01-31 Maturity Price : 25.00 Evaluated at bid price : 22.00 Bid-YTW : 6.22 % |
| CM.PR.P | FixedReset Disc | 2.58 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-01-11 Maturity Price : 19.50 Evaluated at bid price : 19.50 Bid-YTW : 5.27 % |
| BMO.PR.D | FixedReset Disc | 3.96 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-01-11 Maturity Price : 22.59 Evaluated at bid price : 23.39 Bid-YTW : 5.28 % |
| Volume Highlights | |||
| Issue | Index | Shares Traded |
Notes |
| CM.PR.R | FixedReset Disc | 253,990 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-01-11 Maturity Price : 22.63 Evaluated at bid price : 23.45 Bid-YTW : 5.38 % |
| TD.PF.E | FixedReset Disc | 132,956 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-01-11 Maturity Price : 22.13 Evaluated at bid price : 22.44 Bid-YTW : 5.17 % |
| TD.PF.I | FixedReset Disc | 76,220 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-01-11 Maturity Price : 22.47 Evaluated at bid price : 23.20 Bid-YTW : 5.15 % |
| BMO.PR.C | FixedReset Disc | 57,456 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-01-11 Maturity Price : 22.89 Evaluated at bid price : 23.93 Bid-YTW : 5.31 % |
| BNS.PR.I | FixedReset Disc | 49,761 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-01-11 Maturity Price : 22.77 Evaluated at bid price : 23.98 Bid-YTW : 4.58 % |
| TRP.PR.J | FixedReset Prem | 47,983 | YTW SCENARIO Maturity Type : Call Maturity Date : 2021-05-31 Maturity Price : 25.00 Evaluated at bid price : 25.60 Bid-YTW : 4.73 % |
| There were 41 other index-included issues trading in excess of 10,000 shares. | |||
| Wide Spread Highlights | ||
| Issue | Index | Quote Data and Yield Notes |
| PWF.PR.Q | FloatingReset | Quote: 16.33 – 20.75 Spot Rate : 4.4200 Average : 3.0823 YTW SCENARIO |
| MFC.PR.N | FixedReset Ins Non | Quote: 19.45 – 22.15 Spot Rate : 2.7000 Average : 1.4822 YTW SCENARIO |
| TD.PF.B | FixedReset Disc | Quote: 18.00 – 20.50 Spot Rate : 2.5000 Average : 1.4131 YTW SCENARIO |
| MFC.PR.Q | FixedReset Ins Non | Quote: 21.86 – 24.50 Spot Rate : 2.6400 Average : 1.5831 YTW SCENARIO |
| MFC.PR.M | FixedReset Ins Non | Quote: 18.35 – 20.39 Spot Rate : 2.0400 Average : 1.3141 YTW SCENARIO |
| BAM.PR.Z | FixedReset Disc | Quote: 21.50 – 22.88 Spot Rate : 1.3800 Average : 0.8287 YTW SCENARIO |