… and now it’s PrefLetter weekend!
| 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 | -0.1178 % | 1,936.0 |
| FixedFloater | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.1178 % | 3,552.4 |
| Floater | 6.12 % | 6.42 % | 67,407 | 13.33 | 3 | -0.1178 % | 2,047.3 |
| OpRet | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.2559 % | 3,323.3 |
| SplitShare | 4.69 % | 4.63 % | 73,125 | 4.23 | 7 | 0.2559 % | 3,968.7 |
| Interest-Bearing | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.2559 % | 3,096.5 |
| Perpetual-Premium | 5.63 % | -7.18 % | 76,794 | 0.08 | 7 | 0.0957 % | 2,938.5 |
| Perpetual-Discount | 5.55 % | 5.65 % | 60,303 | 14.34 | 26 | -0.0391 % | 3,042.9 |
| FixedReset Disc | 5.57 % | 5.41 % | 167,477 | 14.72 | 70 | -0.3013 % | 2,051.4 |
| Deemed-Retractible | 5.33 % | 6.14 % | 87,312 | 8.03 | 27 | 0.2760 % | 3,051.6 |
| FloatingReset | 4.07 % | 4.79 % | 50,322 | 2.52 | 4 | 0.1063 % | 2,332.0 |
| FixedReset Prem | 5.12 % | 3.90 % | 199,549 | 1.85 | 16 | 0.2192 % | 2,575.7 |
| FixedReset Bank Non | 1.98 % | 4.36 % | 161,722 | 2.54 | 3 | 0.3361 % | 2,636.5 |
| FixedReset Ins Non | 5.39 % | 7.58 % | 92,561 | 8.11 | 22 | -0.1988 % | 2,118.7 |
| Performance Highlights | |||
| Issue | Index | Change | Notes |
| BAM.PF.E | FixedReset Disc | -2.55 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-06-14 Maturity Price : 15.69 Evaluated at bid price : 15.69 Bid-YTW : 6.27 % |
| MFC.PR.F | FixedReset Ins Non | -2.04 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2030-01-31 Maturity Price : 25.00 Evaluated at bid price : 12.98 Bid-YTW : 10.12 % |
| MFC.PR.L | FixedReset Ins Non | -1.83 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2030-01-31 Maturity Price : 25.00 Evaluated at bid price : 16.60 Bid-YTW : 8.36 % |
| BAM.PF.F | FixedReset Disc | -1.78 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-06-14 Maturity Price : 16.60 Evaluated at bid price : 16.60 Bid-YTW : 6.35 % |
| MFC.PR.I | FixedReset Ins Non | -1.69 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2030-01-31 Maturity Price : 25.00 Evaluated at bid price : 18.64 Bid-YTW : 7.86 % |
| BAM.PR.T | FixedReset Disc | -1.65 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-06-14 Maturity Price : 14.31 Evaluated at bid price : 14.31 Bid-YTW : 6.35 % |
| CM.PR.P | FixedReset Disc | -1.64 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-06-14 Maturity Price : 16.15 Evaluated at bid price : 16.15 Bid-YTW : 5.64 % |
| BIP.PR.E | FixedReset Disc | -1.63 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-06-14 Maturity Price : 20.50 Evaluated at bid price : 20.50 Bid-YTW : 6.12 % |
| PWF.PR.T | FixedReset Disc | -1.58 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-06-14 Maturity Price : 18.01 Evaluated at bid price : 18.01 Bid-YTW : 5.43 % |
| BAM.PF.B | FixedReset Disc | -1.57 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-06-14 Maturity Price : 16.90 Evaluated at bid price : 16.90 Bid-YTW : 6.11 % |
| CM.PR.Q | FixedReset Disc | -1.56 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-06-14 Maturity Price : 18.31 Evaluated at bid price : 18.31 Bid-YTW : 5.67 % |
| NA.PR.G | FixedReset Disc | -1.52 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-06-14 Maturity Price : 20.80 Evaluated at bid price : 20.80 Bid-YTW : 5.26 % |
| BAM.PF.G | FixedReset Disc | -1.42 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-06-14 Maturity Price : 16.71 Evaluated at bid price : 16.71 Bid-YTW : 6.31 % |
| HSE.PR.G | FixedReset Disc | -1.39 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-06-14 Maturity Price : 18.50 Evaluated at bid price : 18.50 Bid-YTW : 6.58 % |
| BIP.PR.A | FixedReset Disc | -1.35 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-06-14 Maturity Price : 18.25 Evaluated at bid price : 18.25 Bid-YTW : 6.71 % |
| HSE.PR.E | FixedReset Disc | -1.34 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-06-14 Maturity Price : 19.14 Evaluated at bid price : 19.14 Bid-YTW : 6.41 % |
| TD.PF.A | FixedReset Disc | -1.16 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-06-14 Maturity Price : 17.01 Evaluated at bid price : 17.01 Bid-YTW : 5.36 % |
| RY.PR.H | FixedReset Disc | -1.14 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-06-14 Maturity Price : 17.35 Evaluated at bid price : 17.35 Bid-YTW : 5.24 % |
| RY.PR.Z | FixedReset Disc | -1.07 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-06-14 Maturity Price : 17.52 Evaluated at bid price : 17.52 Bid-YTW : 5.12 % |
| TRP.PR.G | FixedReset Disc | -1.00 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-06-14 Maturity Price : 17.82 Evaluated at bid price : 17.82 Bid-YTW : 6.03 % |
| EML.PR.A | FixedReset Ins Non | 1.05 % | YTW SCENARIO Maturity Type : Call Maturity Date : 2021-04-17 Maturity Price : 25.00 Evaluated at bid price : 25.49 Bid-YTW : 4.35 % |
| IFC.PR.G | FixedReset Ins Non | 1.13 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2030-01-31 Maturity Price : 25.00 Evaluated at bid price : 20.55 Bid-YTW : 6.72 % |
| PWF.PR.P | FixedReset Disc | 1.20 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-06-14 Maturity Price : 12.65 Evaluated at bid price : 12.65 Bid-YTW : 5.75 % |
| SLF.PR.B | Deemed-Retractible | 1.20 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2030-01-31 Maturity Price : 25.00 Evaluated at bid price : 21.90 Bid-YTW : 6.44 % |
| SLF.PR.G | FixedReset Ins Non | 1.38 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2030-01-31 Maturity Price : 25.00 Evaluated at bid price : 13.25 Bid-YTW : 9.98 % |
| EMA.PR.F | FixedReset Disc | 1.55 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-06-14 Maturity Price : 17.05 Evaluated at bid price : 17.05 Bid-YTW : 5.91 % |
| IFC.PR.F | Deemed-Retractible | 1.65 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2030-01-31 Maturity Price : 25.00 Evaluated at bid price : 24.00 Bid-YTW : 5.82 % |
| TRP.PR.C | FixedReset Disc | 2.29 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-06-14 Maturity Price : 12.05 Evaluated at bid price : 12.05 Bid-YTW : 5.94 % |
| Volume Highlights | |||
| Issue | Index | Shares Traded |
Notes |
| TRP.PR.K | FixedReset Disc | 113,743 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-06-14 Maturity Price : 23.27 Evaluated at bid price : 24.68 Bid-YTW : 5.17 % |
| BMO.PR.S | FixedReset Disc | 72,324 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-06-14 Maturity Price : 17.70 Evaluated at bid price : 17.70 Bid-YTW : 5.24 % |
| RY.PR.H | FixedReset Disc | 40,085 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-06-14 Maturity Price : 17.35 Evaluated at bid price : 17.35 Bid-YTW : 5.24 % |
| RY.PR.Q | FixedReset Prem | 35,508 | YTW SCENARIO Maturity Type : Call Maturity Date : 2021-05-24 Maturity Price : 25.00 Evaluated at bid price : 25.90 Bid-YTW : 3.74 % |
| CM.PR.Y | FixedReset Disc | 26,600 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-06-14 Maturity Price : 22.97 Evaluated at bid price : 24.50 Bid-YTW : 5.07 % |
| TD.PF.K | FixedReset Disc | 20,800 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-06-14 Maturity Price : 20.11 Evaluated at bid price : 20.11 Bid-YTW : 5.23 % |
| There were 18 other index-included issues trading in excess of 10,000 shares. | |||
| Wide Spread Highlights | ||
| Issue | Index | Quote Data and Yield Notes |
| BIP.PR.F | FixedReset Disc | Quote: 20.67 – 21.19 Spot Rate : 0.5200 Average : 0.3366 YTW SCENARIO |
| IFC.PR.A | FixedReset Ins Non | Quote: 14.88 – 15.17 Spot Rate : 0.2900 Average : 0.1833 YTW SCENARIO |
| MFC.PR.L | FixedReset Ins Non | Quote: 16.60 – 16.97 Spot Rate : 0.3700 Average : 0.2810 YTW SCENARIO |
| CM.PR.T | FixedReset Disc | Quote: 24.17 – 24.48 Spot Rate : 0.3100 Average : 0.2234 YTW SCENARIO |
| GWO.PR.S | Deemed-Retractible | Quote: 23.30 – 23.80 Spot Rate : 0.5000 Average : 0.4135 YTW SCENARIO |
| SLF.PR.C | Deemed-Retractible | Quote: 20.28 – 20.56 Spot Rate : 0.2800 Average : 0.2141 YTW SCENARIO |