| 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 | 1.0492 % | 1,656.5 |
| FixedFloater | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 1.0492 % | 3,039.6 |
| Floater | 5.14 % | 5.17 % | 50,765 | 15.24 | 3 | 1.0492 % | 1,751.7 |
| OpRet | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.2053 % | 3,513.1 |
| SplitShare | 4.83 % | 4.82 % | 55,626 | 3.59 | 8 | 0.2053 % | 4,195.3 |
| Interest-Bearing | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.2053 % | 3,273.4 |
| Perpetual-Premium | 5.29 % | 3.47 % | 84,731 | 0.15 | 17 | -0.0023 % | 3,178.4 |
| Perpetual-Discount | 5.09 % | 5.08 % | 92,067 | 15.08 | 17 | 0.1168 % | 3,603.1 |
| FixedReset Disc | 5.53 % | 4.35 % | 127,359 | 16.36 | 65 | -0.3944 % | 2,085.9 |
| Deemed-Retractible | 5.04 % | 4.79 % | 106,942 | 15.29 | 22 | 0.5225 % | 3,519.5 |
| FloatingReset | 1.99 % | 2.90 % | 40,714 | 1.30 | 3 | -0.1179 % | 1,792.1 |
| FixedReset Prem | 5.22 % | 3.77 % | 250,550 | 0.84 | 14 | 0.2489 % | 2,635.7 |
| FixedReset Bank Non | 1.95 % | 2.29 % | 100,981 | 1.30 | 2 | -0.1406 % | 2,854.8 |
| FixedReset Ins Non | 5.71 % | 4.38 % | 79,005 | 16.13 | 22 | -1.3620 % | 2,114.8 |
| Performance Highlights | |||
| Issue | Index | Change | Notes |
| MFC.PR.G | FixedReset Ins Non | -18.21 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-10-06 Maturity Price : 15.50 Evaluated at bid price : 15.50 Bid-YTW : 5.39 % |
| RY.PR.J | FixedReset Disc | -14.03 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-10-06 Maturity Price : 16.55 Evaluated at bid price : 16.55 Bid-YTW : 4.80 % |
| IAF.PR.G | FixedReset Ins Non | -5.79 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-10-06 Maturity Price : 17.40 Evaluated at bid price : 17.40 Bid-YTW : 4.73 % |
| MFC.PR.I | FixedReset Ins Non | -3.35 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-10-06 Maturity Price : 18.75 Evaluated at bid price : 18.75 Bid-YTW : 4.50 % |
| TD.PF.D | FixedReset Disc | -3.04 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-10-06 Maturity Price : 18.51 Evaluated at bid price : 18.51 Bid-YTW : 4.35 % |
| MFC.PR.N | FixedReset Ins Non | -3.00 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-10-06 Maturity Price : 16.50 Evaluated at bid price : 16.50 Bid-YTW : 4.44 % |
| BNS.PR.I | FixedReset Disc | -2.96 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-10-06 Maturity Price : 19.70 Evaluated at bid price : 19.70 Bid-YTW : 3.99 % |
| BIP.PR.A | FixedReset Disc | -2.78 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-10-06 Maturity Price : 16.77 Evaluated at bid price : 16.77 Bid-YTW : 5.93 % |
| NA.PR.G | FixedReset Disc | -2.76 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-10-06 Maturity Price : 19.40 Evaluated at bid price : 19.40 Bid-YTW : 4.41 % |
| NA.PR.E | FixedReset Disc | -2.42 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-10-06 Maturity Price : 18.15 Evaluated at bid price : 18.15 Bid-YTW : 4.35 % |
| IFC.PR.G | FixedReset Ins Non | -2.34 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-10-06 Maturity Price : 17.10 Evaluated at bid price : 17.10 Bid-YTW : 4.73 % |
| NA.PR.C | FixedReset Disc | -2.11 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-10-06 Maturity Price : 22.83 Evaluated at bid price : 23.15 Bid-YTW : 4.15 % |
| SLF.PR.H | FixedReset Ins Non | -2.02 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-10-06 Maturity Price : 15.00 Evaluated at bid price : 15.00 Bid-YTW : 4.28 % |
| BIP.PR.E | FixedReset Disc | -1.91 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-10-06 Maturity Price : 21.27 Evaluated at bid price : 21.55 Bid-YTW : 5.83 % |
| BAM.PR.X | FixedReset Disc | -1.63 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-10-06 Maturity Price : 10.85 Evaluated at bid price : 10.85 Bid-YTW : 5.16 % |
| IFC.PR.A | FixedReset Ins Non | -1.48 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-10-06 Maturity Price : 12.02 Evaluated at bid price : 12.02 Bid-YTW : 4.74 % |
| CM.PR.O | FixedReset Disc | -1.17 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-10-06 Maturity Price : 16.95 Evaluated at bid price : 16.95 Bid-YTW : 4.29 % |
| IAF.PR.I | FixedReset Ins Non | -1.13 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-10-06 Maturity Price : 19.25 Evaluated at bid price : 19.25 Bid-YTW : 4.39 % |
| BMO.PR.W | FixedReset Disc | -1.13 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-10-06 Maturity Price : 17.50 Evaluated at bid price : 17.50 Bid-YTW : 4.14 % |
| SLF.PR.B | Deemed-Retractible | 1.01 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-10-06 Maturity Price : 24.69 Evaluated at bid price : 25.01 Bid-YTW : 4.81 % |
| SLF.PR.A | Deemed-Retractible | 1.06 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-10-06 Maturity Price : 24.51 Evaluated at bid price : 24.76 Bid-YTW : 4.81 % |
| GWO.PR.H | Deemed-Retractible | 1.11 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-10-06 Maturity Price : 24.29 Evaluated at bid price : 24.59 Bid-YTW : 4.95 % |
| BAM.PR.C | Floater | 1.21 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-10-06 Maturity Price : 8.35 Evaluated at bid price : 8.35 Bid-YTW : 5.17 % |
| BAM.PR.T | FixedReset Disc | 1.38 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-10-06 Maturity Price : 13.18 Evaluated at bid price : 13.18 Bid-YTW : 5.27 % |
| SLF.PR.D | Deemed-Retractible | 1.42 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-10-06 Maturity Price : 23.35 Evaluated at bid price : 23.64 Bid-YTW : 4.72 % |
| POW.PR.D | Perpetual-Discount | 1.42 % | YTW SCENARIO Maturity Type : Call Maturity Date : 2020-11-05 Maturity Price : 25.00 Evaluated at bid price : 25.00 Bid-YTW : 3.52 % |
| GWO.PR.I | Deemed-Retractible | 1.49 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-10-06 Maturity Price : 22.92 Evaluated at bid price : 23.19 Bid-YTW : 4.87 % |
| TRP.PR.D | FixedReset Disc | 1.62 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-10-06 Maturity Price : 13.78 Evaluated at bid price : 13.78 Bid-YTW : 5.42 % |
| SLF.PR.C | Deemed-Retractible | 1.75 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-10-06 Maturity Price : 23.51 Evaluated at bid price : 23.78 Bid-YTW : 4.69 % |
| BIK.PR.A | FixedReset Prem | 1.86 % | YTW SCENARIO Maturity Type : Call Maturity Date : 2024-03-31 Maturity Price : 25.00 Evaluated at bid price : 25.21 Bid-YTW : 5.66 % |
| MFC.PR.M | FixedReset Ins Non | 1.88 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-10-06 Maturity Price : 17.32 Evaluated at bid price : 17.32 Bid-YTW : 4.31 % |
| MFC.PR.H | FixedReset Ins Non | 2.00 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-10-06 Maturity Price : 20.43 Evaluated at bid price : 20.43 Bid-YTW : 4.39 % |
| SLF.PR.I | FixedReset Ins Non | 2.20 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-10-06 Maturity Price : 18.60 Evaluated at bid price : 18.60 Bid-YTW : 4.26 % |
| BAM.PF.J | FixedReset Disc | 2.53 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-10-06 Maturity Price : 23.43 Evaluated at bid price : 24.75 Bid-YTW : 4.75 % |
| BIP.PR.F | FixedReset Disc | 2.85 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-10-06 Maturity Price : 21.73 Evaluated at bid price : 22.00 Bid-YTW : 5.83 % |
| SLF.PR.G | FixedReset Ins Non | 3.37 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-10-06 Maturity Price : 10.74 Evaluated at bid price : 10.74 Bid-YTW : 4.19 % |
| Volume Highlights | |||
| Issue | Index | Shares Traded |
Notes |
| PVS.PR.I | SplitShare | 367,425 | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-10-31 Maturity Price : 25.00 Evaluated at bid price : 24.95 Bid-YTW : 4.80 % |
| GWO.PR.H | Deemed-Retractible | 88,376 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-10-06 Maturity Price : 24.29 Evaluated at bid price : 24.59 Bid-YTW : 4.95 % |
| GWO.PR.I | Deemed-Retractible | 56,822 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-10-06 Maturity Price : 22.92 Evaluated at bid price : 23.19 Bid-YTW : 4.87 % |
| TD.PF.M | FixedReset Disc | 56,400 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-10-06 Maturity Price : 23.28 Evaluated at bid price : 25.02 Bid-YTW : 4.11 % |
| SLF.PR.E | Deemed-Retractible | 47,385 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-10-06 Maturity Price : 23.42 Evaluated at bid price : 23.71 Bid-YTW : 4.76 % |
| RY.PR.J | FixedReset Disc | 44,885 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-10-06 Maturity Price : 16.55 Evaluated at bid price : 16.55 Bid-YTW : 4.80 % |
| There were 41 other index-included issues trading in excess of 10,000 shares. | |||
| Wide Spread Highlights | ||
| Issue | Index | Quote Data and Yield Notes |
| IFC.PR.C | FixedReset Ins Non | Quote: 16.42 – 23.99 Spot Rate : 7.5700 Average : 4.0966 YTW SCENARIO |
| IAF.PR.G | FixedReset Ins Non | Quote: 17.40 – 25.00 Spot Rate : 7.6000 Average : 4.2271 YTW SCENARIO |
| MFC.PR.G | FixedReset Ins Non | Quote: 15.50 – 19.30 Spot Rate : 3.8000 Average : 2.3919 YTW SCENARIO |
| RY.PR.J | FixedReset Disc | Quote: 16.55 – 19.55 Spot Rate : 3.0000 Average : 1.6927 YTW SCENARIO |
| MFC.PR.L | FixedReset Ins Non | Quote: 15.81 – 18.00 Spot Rate : 2.1900 Average : 1.2472 YTW SCENARIO |
| MFC.PR.I | FixedReset Ins Non | Quote: 18.75 – 20.00 Spot Rate : 1.2500 Average : 0.7192 YTW SCENARIO |
With Deemed-Retractible Insurance Pref Issues roaring up toward Par, will it not make sense for InsuranceCos to Call @ Par & refinance w/LRCNs further reducing the duration of the Pref Market as a whole?