Long corporates are now at 3.56%.
| HIMIPref™ Preferred Indices These values reflect the December 2008 revision of the HIMIPref™ Indices Values are provisional and are finalized monthly |
|||||||
| 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 | 0.0491 % | 2,753.0 |
| FixedFloater | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.0491 % | 5,051.5 |
| Floater | 3.15 % | 3.18 % | 54,547 | 19.28 | 3 | 0.0491 % | 2,911.2 |
| OpRet | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.1375 % | 3,733.3 |
| SplitShare | 4.59 % | 4.06 % | 55,100 | 3.90 | 5 | -0.1375 % | 4,458.3 |
| Interest-Bearing | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.1375 % | 3,478.6 |
| Perpetual-Premium | 5.07 % | -9.25 % | 55,954 | 0.09 | 32 | -0.0171 % | 3,281.0 |
| Perpetual-Discount | 4.70 % | 4.83 % | 36,977 | 15.81 | 2 | -0.0203 % | 3,878.8 |
| FixedReset Disc | 3.83 % | 3.72 % | 103,425 | 17.08 | 40 | 0.1606 % | 2,899.8 |
| Insurance Straight | 4.89 % | -2.12 % | 80,396 | 0.09 | 20 | 0.6973 % | 3,710.1 |
| FloatingReset | 2.55 % | 2.85 % | 25,391 | 20.12 | 2 | 3.0928 % | 2,840.8 |
| FixedReset Prem | 4.70 % | 2.87 % | 127,293 | 1.97 | 31 | 0.0250 % | 2,760.7 |
| FixedReset Bank Non | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.1606 % | 2,964.2 |
| FixedReset Ins Non | 4.04 % | 3.65 % | 106,712 | 17.36 | 19 | -0.0090 % | 2,980.5 |
| Performance Highlights | |||
| Issue | Index | Change | Notes |
| RS.PR.A | SplitShare | -1.79 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-12-31 Maturity Price : 10.00 Evaluated at bid price : 11.00 Bid-YTW : 2.80 % |
| BNS.PR.I | FixedReset Prem | -1.56 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-10-20 Maturity Price : 23.62 Evaluated at bid price : 25.30 Bid-YTW : 3.68 % |
| BAM.PF.B | FixedReset Disc | -1.05 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-10-20 Maturity Price : 22.83 Evaluated at bid price : 23.55 Bid-YTW : 4.21 % |
| MIC.PR.A | Perpetual-Premium | 1.59 % | YTW SCENARIO Maturity Type : Call Maturity Date : 2026-03-31 Maturity Price : 26.00 Evaluated at bid price : 27.43 Bid-YTW : 3.93 % |
| TRP.PR.F | FloatingReset | 5.88 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-10-20 Maturity Price : 18.00 Evaluated at bid price : 18.00 Bid-YTW : 2.85 % |
| MFC.PR.B | Insurance Straight | 14.32 % | YTW SCENARIO Maturity Type : Call Maturity Date : 2021-11-19 Maturity Price : 25.00 Evaluated at bid price : 25.15 Bid-YTW : 2.15 % |
| Volume Highlights | |||
| Issue | Index | Shares Traded |
Notes |
| BMO.PR.C | FixedReset Prem | 324,897 | YTW SCENARIO Maturity Type : Call Maturity Date : 2022-05-25 Maturity Price : 25.00 Evaluated at bid price : 25.43 Bid-YTW : 2.72 % |
| PWF.PF.A | Perpetual-Discount | 95,564 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-10-20 Maturity Price : 24.12 Evaluated at bid price : 24.50 Bid-YTW : 4.60 % |
| TD.PF.J | FixedReset Prem | 56,352 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-10-20 Maturity Price : 23.80 Evaluated at bid price : 25.21 Bid-YTW : 3.91 % |
| CM.PR.O | FixedReset Disc | 52,300 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-10-20 Maturity Price : 23.15 Evaluated at bid price : 24.31 Bid-YTW : 3.64 % |
| CM.PR.R | FixedReset Prem | 46,827 | YTW SCENARIO Maturity Type : Call Maturity Date : 2022-07-31 Maturity Price : 25.00 Evaluated at bid price : 25.41 Bid-YTW : 2.16 % |
| NA.PR.G | FixedReset Prem | 40,000 | YTW SCENARIO Maturity Type : Call Maturity Date : 2023-11-15 Maturity Price : 25.00 Evaluated at bid price : 25.52 Bid-YTW : 3.75 % |
| There were 13 other index-included issues trading in excess of 10,000 shares. | |||
| Wide Spread Highlights | ||
| Issue | Index | Quote Data and Yield Notes |
| MFC.PR.F | FixedReset Ins Non | Quote: 17.20 – 18.70 Spot Rate : 1.5000 Average : 1.2446 YTW SCENARIO |
| BNS.PR.I | FixedReset Prem | Quote: 25.30 – 25.75 Spot Rate : 0.4500 Average : 0.2632 YTW SCENARIO |
| BIP.PR.B | FixedReset Prem | Quote: 26.36 – 26.80 Spot Rate : 0.4400 Average : 0.2741 YTW SCENARIO |
| TRP.PR.E | FixedReset Disc | Quote: 21.80 – 22.38 Spot Rate : 0.5800 Average : 0.4318 YTW SCENARIO |
| BAM.PF.B | FixedReset Disc | Quote: 23.55 – 24.00 Spot Rate : 0.4500 Average : 0.3038 YTW SCENARIO |
| CIU.PR.A | Perpetual-Premium | Quote: 24.90 – 25.35 Spot Rate : 0.4500 Average : 0.3100 YTW SCENARIO |