There’s a problem with the commenting mechanics on PrefBlog right now. Sorry about this, I’ve got my server-guy looking at it. It’s something to do with the SSL certificate; I have noticed over the past few years that there is absolutely noone alive who actually knows how they work.
| 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 | 3.02 % | 3.49 % | 40,885 | 20.06 | 1 | 0.2967 % | 2,889.0 |
| FixedFloater | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 1.9424 % | 5,526.0 |
| Floater | 2.88 % | 2.89 % | 54,177 | 20.00 | 3 | 1.9424 % | 3,184.6 |
| OpRet | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.3034 % | 3,666.9 |
| SplitShare | 4.68 % | 4.37 % | 30,269 | 3.57 | 6 | 0.3034 % | 4,379.1 |
| Interest-Bearing | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.3034 % | 3,416.7 |
| Perpetual-Premium | 5.15 % | -10.35 % | 51,692 | 0.09 | 24 | 0.0033 % | 3,257.8 |
| Perpetual-Discount | 4.70 % | 4.74 % | 52,683 | 15.88 | 7 | 0.1631 % | 3,867.5 |
| FixedReset Disc | 3.94 % | 3.97 % | 121,405 | 16.72 | 46 | 0.1648 % | 2,882.9 |
| Insurance Straight | 4.88 % | 4.54 % | 78,662 | 15.71 | 17 | -0.1029 % | 3,668.9 |
| FloatingReset | 2.66 % | 3.01 % | 39,802 | 19.70 | 2 | 0.2770 % | 2,938.2 |
| FixedReset Prem | 4.72 % | 2.94 % | 104,349 | 1.74 | 25 | 0.0778 % | 2,734.4 |
| FixedReset Bank Non | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.1648 % | 2,946.9 |
| FixedReset Ins Non | 4.06 % | 3.87 % | 67,240 | 16.92 | 17 | -0.3045 % | 2,990.2 |
| Performance Highlights | |||
| Issue | Index | Change | Notes |
| MFC.PR.F | FixedReset Ins Non | -3.68 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-01-20 Maturity Price : 18.30 Evaluated at bid price : 18.30 Bid-YTW : 3.91 % |
| CU.PR.G | Perpetual-Discount | -2.83 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-01-20 Maturity Price : 23.74 Evaluated at bid price : 24.00 Bid-YTW : 4.74 % |
| IFC.PR.A | FixedReset Ins Non | -2.33 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-01-20 Maturity Price : 21.40 Evaluated at bid price : 21.40 Bid-YTW : 3.87 % |
| TD.PF.A | FixedReset Disc | 1.13 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-01-20 Maturity Price : 23.11 Evaluated at bid price : 24.22 Bid-YTW : 3.83 % |
| TRP.PR.E | FixedReset Disc | 1.16 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-01-20 Maturity Price : 21.45 Evaluated at bid price : 21.80 Bid-YTW : 4.45 % |
| BIP.PR.A | FixedReset Disc | 1.21 % | YTW SCENARIO Maturity Type : Call Maturity Date : 2025-06-30 Maturity Price : 25.00 Evaluated at bid price : 25.00 Bid-YTW : 4.06 % |
| CIU.PR.A | Perpetual-Discount | 1.24 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-01-20 Maturity Price : 24.21 Evaluated at bid price : 24.50 Bid-YTW : 4.74 % |
| BAM.PR.B | Floater | 1.36 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-01-20 Maturity Price : 14.90 Evaluated at bid price : 14.90 Bid-YTW : 2.89 % |
| RY.PR.M | FixedReset Disc | 1.40 % | YTW SCENARIO Maturity Type : Call Maturity Date : 2025-11-24 Maturity Price : 25.00 Evaluated at bid price : 24.64 Bid-YTW : 3.55 % |
| SLF.PR.J | FloatingReset | 1.41 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-01-20 Maturity Price : 18.00 Evaluated at bid price : 18.00 Bid-YTW : 2.33 % |
| RS.PR.A | SplitShare | 1.42 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-12-31 Maturity Price : 10.00 Evaluated at bid price : 10.70 Bid-YTW : 3.39 % |
| BAM.PR.C | Floater | 1.79 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-01-20 Maturity Price : 14.81 Evaluated at bid price : 14.81 Bid-YTW : 2.91 % |
| BAM.PR.X | FixedReset Disc | 1.90 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-01-20 Maturity Price : 19.26 Evaluated at bid price : 19.26 Bid-YTW : 4.39 % |
| CU.PR.F | Perpetual-Discount | 2.51 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-01-20 Maturity Price : 24.20 Evaluated at bid price : 24.50 Bid-YTW : 4.64 % |
| BAM.PR.K | Floater | 2.69 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-01-20 Maturity Price : 14.90 Evaluated at bid price : 14.90 Bid-YTW : 2.89 % |
| Volume Highlights | |||
| Issue | Index | Shares Traded |
Notes |
| BNS.PR.H | FixedReset Disc | 157,610 | YTW SCENARIO Maturity Type : Call Maturity Date : 2022-02-25 Maturity Price : 25.00 Evaluated at bid price : 24.99 Bid-YTW : 4.35 % |
| TRP.PR.D | FixedReset Disc | 111,800 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-01-20 Maturity Price : 21.46 Evaluated at bid price : 21.81 Bid-YTW : 4.50 % |
| MFC.PR.L | FixedReset Ins Non | 103,600 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-01-20 Maturity Price : 22.51 Evaluated at bid price : 23.00 Bid-YTW : 4.06 % |
| BMO.PR.F | FixedReset Prem | 83,335 | YTW SCENARIO Maturity Type : Call Maturity Date : 2024-05-25 Maturity Price : 25.00 Evaluated at bid price : 26.42 Bid-YTW : 2.94 % |
| BAM.PF.F | FixedReset Disc | 57,400 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-01-20 Maturity Price : 23.20 Evaluated at bid price : 24.40 Bid-YTW : 4.43 % |
| TRP.PR.C | FixedReset Disc | 56,645 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-01-20 Maturity Price : 16.82 Evaluated at bid price : 16.82 Bid-YTW : 4.27 % |
| There were 24 other index-included issues trading in excess of 10,000 shares. | |||
| Wide Spread Highlights | ||
| Issue | Index | Quote Data and Yield Notes |
| TRP.PR.G | FixedReset Disc | Quote: 12.50 – 24.58 Spot Rate : 12.0800 Average : 11.4912 YTW SCENARIO |
| BIP.PR.A | FixedReset Disc | Quote: 25.00 – 26.00 Spot Rate : 1.0000 Average : 0.6572 YTW SCENARIO |
| CU.PR.G | Perpetual-Discount | Quote: 24.00 – 24.84 Spot Rate : 0.8400 Average : 0.5341 YTW SCENARIO |
| BAM.PR.R | FixedReset Disc | Quote: 21.25 – 21.99 Spot Rate : 0.7400 Average : 0.4927 YTW SCENARIO |
| IFC.PR.A | FixedReset Ins Non | Quote: 21.40 – 22.20 Spot Rate : 0.8000 Average : 0.5555 YTW SCENARIO |
| MFC.PR.F | FixedReset Ins Non | Quote: 18.30 – 19.15 Spot Rate : 0.8500 Average : 0.6269 YTW SCENARIO |