The report for May 23 will be delayed, as I have other business to attend to. It will be posted May 24.
Update, 2019-5-24:
| 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 | -0.1902 % | 2,080.9 |
| FixedFloater | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.1902 % | 3,818.3 |
| Floater | 5.65 % | 5.99 % | 52,125 | 13.83 | 3 | -0.1902 % | 2,200.5 |
| OpRet | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.0398 % | 3,307.0 |
| SplitShare | 4.70 % | 4.76 % | 80,474 | 4.29 | 7 | -0.0398 % | 3,949.2 |
| Interest-Bearing | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.0398 % | 3,081.4 |
| Perpetual-Premium | 5.53 % | 4.92 % | 84,306 | 1.78 | 12 | -0.1021 % | 2,950.1 |
| Perpetual-Discount | 5.44 % | 5.50 % | 75,969 | 14.64 | 20 | -0.0904 % | 3,101.6 |
| FixedReset Disc | 5.30 % | 5.48 % | 149,402 | 14.81 | 63 | -0.0898 % | 2,169.3 |
| Deemed-Retractible | 5.23 % | 5.88 % | 93,935 | 8.02 | 27 | -0.1168 % | 3,078.5 |
| FloatingReset | 3.96 % | 4.36 % | 44,985 | 2.58 | 4 | -0.0383 % | 2,414.2 |
| FixedReset Prem | 5.12 % | 4.00 % | 237,389 | 2.10 | 21 | -0.0520 % | 2,585.0 |
| FixedReset Bank Non | 1.97 % | 4.02 % | 150,280 | 2.60 | 3 | 0.1112 % | 2,651.2 |
| FixedReset Ins Non | 5.07 % | 6.76 % | 94,835 | 8.22 | 22 | -0.0994 % | 2,238.2 |
| Performance Highlights | |||
| Issue | Index | Change | Notes |
| HSE.PR.G | FixedReset Disc | -1.76 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-05-23 Maturity Price : 19.50 Evaluated at bid price : 19.50 Bid-YTW : 6.68 % |
| CM.PR.O | FixedReset Disc | -1.65 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-05-23 Maturity Price : 17.85 Evaluated at bid price : 17.85 Bid-YTW : 5.59 % |
| SLF.PR.G | FixedReset Ins Non | -1.35 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2030-01-31 Maturity Price : 25.00 Evaluated at bid price : 14.60 Bid-YTW : 9.23 % |
| IFC.PR.F | Deemed-Retractible | -1.22 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2030-01-31 Maturity Price : 25.00 Evaluated at bid price : 24.21 Bid-YTW : 5.83 % |
| MFC.PR.F | FixedReset Ins Non | -1.15 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2030-01-31 Maturity Price : 25.00 Evaluated at bid price : 13.75 Bid-YTW : 9.67 % |
| BIP.PR.E | FixedReset Disc | 1.08 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-05-23 Maturity Price : 20.60 Evaluated at bid price : 20.60 Bid-YTW : 6.18 % |
| RY.PR.M | FixedReset Disc | 1.55 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-05-23 Maturity Price : 20.30 Evaluated at bid price : 20.30 Bid-YTW : 5.20 % |
| Volume Highlights | |||
| Issue | Index | Shares Traded |
Notes |
| NA.PR.C | FixedReset Disc | 106,100 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-05-23 Maturity Price : 22.14 Evaluated at bid price : 22.60 Bid-YTW : 5.48 % |
| TD.PF.I | FixedReset Disc | 77,910 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-05-23 Maturity Price : 22.33 Evaluated at bid price : 22.90 Bid-YTW : 5.05 % |
| SLF.PR.G | FixedReset Ins Non | 33,125 | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2030-01-31 Maturity Price : 25.00 Evaluated at bid price : 14.60 Bid-YTW : 9.23 % |
| HSE.PR.E | FixedReset Disc | 30,700 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-05-23 Maturity Price : 20.00 Evaluated at bid price : 20.00 Bid-YTW : 6.56 % |
| MFC.PR.Q | FixedReset Ins Non | 28,900 | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2030-01-31 Maturity Price : 25.00 Evaluated at bid price : 20.50 Bid-YTW : 6.80 % |
| BNS.PR.I | FixedReset Disc | 24,455 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-05-23 Maturity Price : 22.12 Evaluated at bid price : 22.70 Bid-YTW : 4.70 % |
| There were 22 other index-included issues trading in excess of 10,000 shares. | |||
| Wide Spread Highlights | ||
| Issue | Index | Quote Data and Yield Notes |
| HSE.PR.G | FixedReset Disc | Quote: 19.50 – 20.11 Spot Rate : 0.6100 Average : 0.4302 YTW SCENARIO |
| CM.PR.P | FixedReset Disc | Quote: 17.52 – 17.93 Spot Rate : 0.4100 Average : 0.2494 YTW SCENARIO |
| EMA.PR.F | FixedReset Disc | Quote: 18.70 – 19.19 Spot Rate : 0.4900 Average : 0.3636 YTW SCENARIO |
| CM.PR.O | FixedReset Disc | Quote: 17.85 – 18.20 Spot Rate : 0.3500 Average : 0.2292 YTW SCENARIO |
| SLF.PR.G | FixedReset Ins Non | Quote: 14.60 – 15.00 Spot Rate : 0.4000 Average : 0.2877 YTW SCENARIO |
| NA.PR.W | FixedReset Disc | Quote: 17.37 – 17.69 Spot Rate : 0.3200 Average : 0.2131 YTW SCENARIO |