Due to other commitments, the Market Action report for September 27 may be delayed a bit, maybe ’til Monday.
| 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 | -0.8920 % | 1,888.1 |
| FixedFloater | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.8920 % | 3,464.6 |
| Floater | 6.38 % | 6.55 % | 47,975 | 13.12 | 4 | -0.8920 % | 1,996.7 |
| OpRet | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.0282 % | 3,377.8 |
| SplitShare | 4.66 % | 4.61 % | 54,099 | 4.00 | 7 | 0.0282 % | 4,033.8 |
| Interest-Bearing | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.0282 % | 3,147.4 |
| Perpetual-Premium | 5.59 % | -17.70 % | 62,230 | 0.09 | 6 | 0.0974 % | 2,999.5 |
| Perpetual-Discount | 5.41 % | 5.50 % | 65,955 | 14.51 | 28 | 0.0786 % | 3,173.4 |
| FixedReset Disc | 5.56 % | 5.50 % | 166,584 | 14.45 | 73 | 0.2353 % | 2,067.2 |
| Deemed-Retractible | 5.22 % | 5.80 % | 69,893 | 7.90 | 27 | 0.0600 % | 3,153.2 |
| FloatingReset | 4.55 % | 6.72 % | 56,755 | 7.96 | 3 | 0.1978 % | 2,342.9 |
| FixedReset Prem | 5.24 % | 3.89 % | 130,350 | 1.58 | 14 | 0.1812 % | 2,588.8 |
| FixedReset Bank Non | 1.97 % | 4.20 % | 86,958 | 2.27 | 3 | 0.6406 % | 2,672.8 |
| FixedReset Ins Non | 5.51 % | 8.18 % | 103,361 | 7.91 | 21 | 0.1397 % | 2,095.1 |
| Performance Highlights | |||
| Issue | Index | Change | Notes |
| BAM.PR.B | Floater | -1.49 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-09-26 Maturity Price : 10.60 Evaluated at bid price : 10.60 Bid-YTW : 6.55 % |
| MFC.PR.G | FixedReset Ins Non | -1.30 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2030-01-31 Maturity Price : 25.00 Evaluated at bid price : 18.21 Bid-YTW : 8.18 % |
| BAM.PF.E | FixedReset Disc | -1.20 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-09-26 Maturity Price : 15.65 Evaluated at bid price : 15.65 Bid-YTW : 6.37 % |
| BAM.PR.C | Floater | -1.03 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-09-26 Maturity Price : 10.60 Evaluated at bid price : 10.60 Bid-YTW : 6.55 % |
| MFC.PR.B | Deemed-Retractible | 1.03 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2030-01-31 Maturity Price : 25.00 Evaluated at bid price : 21.68 Bid-YTW : 6.48 % |
| TRP.PR.E | FixedReset Disc | 1.03 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-09-26 Maturity Price : 15.65 Evaluated at bid price : 15.65 Bid-YTW : 6.09 % |
| BAM.PR.Z | FixedReset Disc | 1.10 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-09-26 Maturity Price : 18.30 Evaluated at bid price : 18.30 Bid-YTW : 6.08 % |
| CM.PR.T | FixedReset Disc | 1.19 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-09-26 Maturity Price : 22.78 Evaluated at bid price : 23.95 Bid-YTW : 4.97 % |
| BNS.PR.Y | FixedReset Bank Non | 1.24 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2022-01-31 Maturity Price : 25.00 Evaluated at bid price : 24.55 Bid-YTW : 3.25 % |
| BAM.PR.X | FixedReset Disc | 1.25 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-09-26 Maturity Price : 12.91 Evaluated at bid price : 12.91 Bid-YTW : 6.07 % |
| CM.PR.O | FixedReset Disc | 1.28 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-09-26 Maturity Price : 16.60 Evaluated at bid price : 16.60 Bid-YTW : 5.59 % |
| BNS.PR.I | FixedReset Disc | 1.36 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-09-26 Maturity Price : 20.13 Evaluated at bid price : 20.13 Bid-YTW : 5.15 % |
| BAM.PR.T | FixedReset Disc | 1.37 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-09-26 Maturity Price : 14.80 Evaluated at bid price : 14.80 Bid-YTW : 6.23 % |
| NA.PR.G | FixedReset Disc | 1.38 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-09-26 Maturity Price : 19.82 Evaluated at bid price : 19.82 Bid-YTW : 5.57 % |
| IFC.PR.C | FixedReset Ins Non | 1.61 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2030-01-31 Maturity Price : 25.00 Evaluated at bid price : 16.99 Bid-YTW : 8.66 % |
| BMO.PR.E | FixedReset Disc | 1.78 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-09-26 Maturity Price : 20.05 Evaluated at bid price : 20.05 Bid-YTW : 5.38 % |
| IFC.PR.A | FixedReset Ins Non | 2.15 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2030-01-31 Maturity Price : 25.00 Evaluated at bid price : 13.80 Bid-YTW : 10.46 % |
| Volume Highlights | |||
| Issue | Index | Shares Traded |
Notes |
| CU.PR.C | FixedReset Disc | 302,100 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-09-26 Maturity Price : 16.61 Evaluated at bid price : 16.61 Bid-YTW : 5.68 % |
| BNS.PR.H | FixedReset Disc | 283,348 | YTW SCENARIO Maturity Type : Call Maturity Date : 2022-01-26 Maturity Price : 25.00 Evaluated at bid price : 25.40 Bid-YTW : 4.51 % |
| BMO.PR.T | FixedReset Disc | 85,927 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-09-26 Maturity Price : 16.70 Evaluated at bid price : 16.70 Bid-YTW : 5.50 % |
| IFC.PR.A | FixedReset Ins Non | 76,371 | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2030-01-31 Maturity Price : 25.00 Evaluated at bid price : 13.80 Bid-YTW : 10.46 % |
| POW.PR.D | Perpetual-Discount | 73,860 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-09-26 Maturity Price : 22.03 Evaluated at bid price : 22.26 Bid-YTW : 5.62 % |
| MFC.PR.R | FixedReset Ins Non | 49,584 | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2030-01-31 Maturity Price : 25.00 Evaluated at bid price : 24.05 Bid-YTW : 5.66 % |
| There were 36 other index-included issues trading in excess of 10,000 shares. | |||
| Wide Spread Highlights | ||
| Issue | Index | Quote Data and Yield Notes |
| HSE.PR.E | FixedReset Disc | Quote: 17.70 – 18.36 Spot Rate : 0.6600 Average : 0.4828 YTW SCENARIO |
| BMO.PR.F | FixedReset Disc | Quote: 24.27 – 24.65 Spot Rate : 0.3800 Average : 0.2319 YTW SCENARIO |
| HSE.PR.A | FixedReset Disc | Quote: 10.54 – 11.25 Spot Rate : 0.7100 Average : 0.5632 YTW SCENARIO |
| TD.PF.D | FixedReset Disc | Quote: 19.32 – 19.72 Spot Rate : 0.4000 Average : 0.2868 YTW SCENARIO |
| IAF.PR.G | FixedReset Ins Non | Quote: 18.81 – 19.32 Spot Rate : 0.5100 Average : 0.4205 YTW SCENARIO |
| EML.PR.A | FixedReset Ins Non | Quote: 25.50 – 25.84 Spot Rate : 0.3400 Average : 0.2515 YTW SCENARIO |