Sorry this is late! A server problem knocked out the website on Saturday morning and took my eMail with it, which was exciting.
So I’m back to where I was on Friday, trying to figure out why commenting doesn’t work. Something to do with the damn SSL certificates, I think. But we’ll see.
| 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 % | 41,270 | 20.06 | 1 | 0.0000 % | 2,891.8 |
| FixedFloater | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.7240 % | 5,435.6 |
| Floater | 2.93 % | 2.95 % | 54,642 | 19.86 | 3 | -0.7240 % | 3,132.5 |
| OpRet | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.1760 % | 3,652.0 |
| SplitShare | 4.70 % | 4.40 % | 30,399 | 3.56 | 6 | -0.1760 % | 4,361.3 |
| Interest-Bearing | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.1760 % | 3,402.9 |
| Perpetual-Premium | 5.17 % | -5.88 % | 52,295 | 0.09 | 24 | -0.1470 % | 3,247.2 |
| Perpetual-Discount | 4.72 % | 4.82 % | 53,091 | 15.75 | 7 | 0.4452 % | 3,856.0 |
| FixedReset Disc | 3.96 % | 4.10 % | 118,712 | 16.58 | 46 | -0.9164 % | 2,870.5 |
| Insurance Straight | 4.91 % | 4.59 % | 84,415 | 15.76 | 17 | -0.3261 % | 3,647.3 |
| FloatingReset | 2.89 % | 3.22 % | 41,001 | 19.18 | 2 | -1.8827 % | 2,918.7 |
| FixedReset Prem | 4.75 % | 3.48 % | 104,301 | 1.83 | 25 | -0.4082 % | 2,717.8 |
| FixedReset Bank Non | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.9164 % | 2,934.2 |
| FixedReset Ins Non | 4.11 % | 3.96 % | 68,845 | 16.73 | 17 | -0.9058 % | 2,956.4 |
| Performance Highlights | |||
| Issue | Index | Change | Notes |
| BAM.PR.C | Floater | -2.98 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-01-24 Maturity Price : 14.65 Evaluated at bid price : 14.65 Bid-YTW : 2.94 % |
| SLF.PR.G | FixedReset Ins Non | -2.96 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-01-24 Maturity Price : 18.05 Evaluated at bid price : 18.05 Bid-YTW : 3.92 % |
| BAM.PF.F | FixedReset Disc | -2.83 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-01-24 Maturity Price : 22.85 Evaluated at bid price : 23.66 Bid-YTW : 4.64 % |
| SLF.PR.J | FloatingReset | -2.68 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-01-24 Maturity Price : 17.76 Evaluated at bid price : 17.76 Bid-YTW : 2.57 % |
| CM.PR.O | FixedReset Disc | -2.56 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-01-24 Maturity Price : 22.86 Evaluated at bid price : 23.62 Bid-YTW : 4.08 % |
| TRP.PR.B | FixedReset Disc | -2.50 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-01-24 Maturity Price : 14.44 Evaluated at bid price : 14.44 Bid-YTW : 4.65 % |
| TRP.PR.C | FixedReset Disc | -2.34 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-01-24 Maturity Price : 16.26 Evaluated at bid price : 16.26 Bid-YTW : 4.46 % |
| IFC.PR.A | FixedReset Ins Non | -2.31 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-01-24 Maturity Price : 21.15 Evaluated at bid price : 21.15 Bid-YTW : 3.96 % |
| TRP.PR.E | FixedReset Disc | -2.22 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-01-24 Maturity Price : 21.12 Evaluated at bid price : 21.12 Bid-YTW : 4.66 % |
| CU.PR.J | Perpetual-Premium | -2.16 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-01-24 Maturity Price : 24.57 Evaluated at bid price : 24.96 Bid-YTW : 4.80 % |
| BAM.PR.T | FixedReset Disc | -2.05 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-01-24 Maturity Price : 21.01 Evaluated at bid price : 21.01 Bid-YTW : 4.70 % |
| NA.PR.E | FixedReset Disc | -2.00 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-01-24 Maturity Price : 24.17 Evaluated at bid price : 24.55 Bid-YTW : 4.27 % |
| BAM.PR.X | FixedReset Disc | -1.96 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-01-24 Maturity Price : 18.53 Evaluated at bid price : 18.53 Bid-YTW : 4.62 % |
| BAM.PF.B | FixedReset Disc | -1.91 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-01-24 Maturity Price : 22.86 Evaluated at bid price : 23.17 Bid-YTW : 4.61 % |
| BAM.PR.R | FixedReset Disc | -1.90 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-01-24 Maturity Price : 20.65 Evaluated at bid price : 20.65 Bid-YTW : 4.58 % |
| BAM.PF.E | FixedReset Disc | -1.85 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-01-24 Maturity Price : 21.41 Evaluated at bid price : 21.75 Bid-YTW : 4.68 % |
| RY.PR.S | FixedReset Prem | -1.84 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-01-24 Maturity Price : 23.59 Evaluated at bid price : 25.08 Bid-YTW : 4.01 % |
| IFC.PR.C | FixedReset Disc | -1.80 % | YTW SCENARIO Maturity Type : Call Maturity Date : 2026-09-30 Maturity Price : 25.00 Evaluated at bid price : 24.59 Bid-YTW : 3.92 % |
| FTS.PR.H | FixedReset Disc | -1.70 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-01-24 Maturity Price : 17.30 Evaluated at bid price : 17.30 Bid-YTW : 4.15 % |
| TD.PF.A | FixedReset Disc | -1.61 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-01-24 Maturity Price : 22.90 Evaluated at bid price : 23.78 Bid-YTW : 3.96 % |
| TRP.PR.D | FixedReset Disc | -1.61 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-01-24 Maturity Price : 21.40 Evaluated at bid price : 21.40 Bid-YTW : 4.66 % |
| TD.PF.C | FixedReset Disc | -1.60 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-01-24 Maturity Price : 22.95 Evaluated at bid price : 23.95 Bid-YTW : 3.97 % |
| PVS.PR.G | SplitShare | -1.53 % | YTW SCENARIO Maturity Type : Option Certainty Maturity Date : 2026-02-28 Maturity Price : 25.00 Evaluated at bid price : 25.12 Bid-YTW : 4.98 % |
| BAM.PF.G | FixedReset Disc | -1.46 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-01-24 Maturity Price : 22.40 Evaluated at bid price : 23.02 Bid-YTW : 4.59 % |
| NA.PR.S | FixedReset Disc | -1.43 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-01-24 Maturity Price : 23.19 Evaluated at bid price : 24.20 Bid-YTW : 4.07 % |
| IFC.PR.G | FixedReset Ins Non | -1.39 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-01-24 Maturity Price : 23.72 Evaluated at bid price : 24.92 Bid-YTW : 4.17 % |
| BMO.PR.S | FixedReset Disc | -1.34 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-01-24 Maturity Price : 23.25 Evaluated at bid price : 24.36 Bid-YTW : 4.00 % |
| MFC.PR.K | FixedReset Ins Non | -1.32 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-01-24 Maturity Price : 23.51 Evaluated at bid price : 23.90 Bid-YTW : 4.06 % |
| MFC.PR.L | FixedReset Ins Non | -1.31 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-01-24 Maturity Price : 22.19 Evaluated at bid price : 22.52 Bid-YTW : 4.20 % |
| TRP.PR.A | FixedReset Disc | -1.29 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-01-24 Maturity Price : 19.10 Evaluated at bid price : 19.10 Bid-YTW : 4.64 % |
| MFC.PR.M | FixedReset Ins Non | -1.28 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-01-24 Maturity Price : 22.57 Evaluated at bid price : 23.20 Bid-YTW : 4.24 % |
| CM.PR.Q | FixedReset Disc | -1.25 % | YTW SCENARIO Maturity Type : Call Maturity Date : 2025-07-31 Maturity Price : 25.00 Evaluated at bid price : 24.40 Bid-YTW : 3.89 % |
| BAM.PR.Z | FixedReset Disc | -1.24 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-01-24 Maturity Price : 24.26 Evaluated at bid price : 24.70 Bid-YTW : 4.64 % |
| MFC.PR.J | FixedReset Ins Non | -1.23 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-01-24 Maturity Price : 24.57 Evaluated at bid price : 24.90 Bid-YTW : 4.28 % |
| CU.PR.I | FixedReset Prem | -1.21 % | YTW SCENARIO Maturity Type : Call Maturity Date : 2025-12-01 Maturity Price : 25.00 Evaluated at bid price : 26.03 Bid-YTW : 3.55 % |
| GWO.PR.Y | Insurance Straight | -1.20 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-01-24 Maturity Price : 24.22 Evaluated at bid price : 24.60 Bid-YTW : 4.59 % |
| CM.PR.P | FixedReset Disc | -1.20 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-01-24 Maturity Price : 22.93 Evaluated at bid price : 23.91 Bid-YTW : 3.97 % |
| MFC.PR.Q | FixedReset Ins Non | -1.19 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-01-24 Maturity Price : 23.71 Evaluated at bid price : 24.85 Bid-YTW : 4.18 % |
| NA.PR.G | FixedReset Prem | -1.19 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-01-24 Maturity Price : 23.64 Evaluated at bid price : 25.00 Bid-YTW : 4.34 % |
| ELF.PR.H | Perpetual-Premium | -1.17 % | YTW SCENARIO Maturity Type : Call Maturity Date : 2022-02-23 Maturity Price : 25.00 Evaluated at bid price : 25.30 Bid-YTW : -7.61 % |
| IAF.PR.B | Insurance Straight | -1.17 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-01-24 Maturity Price : 24.22 Evaluated at bid price : 24.51 Bid-YTW : 4.72 % |
| IAF.PR.I | FixedReset Ins Non | -1.10 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-01-24 Maturity Price : 23.91 Evaluated at bid price : 25.16 Bid-YTW : 4.31 % |
| TRP.PR.F | FloatingReset | -1.09 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-01-24 Maturity Price : 18.20 Evaluated at bid price : 18.20 Bid-YTW : 3.22 % |
| NA.PR.W | FixedReset Disc | -1.08 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-01-24 Maturity Price : 22.92 Evaluated at bid price : 23.90 Bid-YTW : 3.96 % |
| BAM.PF.A | FixedReset Disc | -1.07 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-01-24 Maturity Price : 23.63 Evaluated at bid price : 24.89 Bid-YTW : 4.53 % |
| BMO.PR.W | FixedReset Disc | -1.07 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-01-24 Maturity Price : 23.02 Evaluated at bid price : 24.05 Bid-YTW : 3.96 % |
| FTS.PR.M | FixedReset Disc | -1.06 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-01-24 Maturity Price : 22.69 Evaluated at bid price : 23.40 Bid-YTW : 4.34 % |
| PWF.PF.A | Perpetual-Discount | -1.05 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-01-24 Maturity Price : 24.20 Evaluated at bid price : 24.59 Bid-YTW : 4.57 % |
| MFC.PR.F | FixedReset Ins Non | 1.20 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-01-24 Maturity Price : 18.52 Evaluated at bid price : 18.52 Bid-YTW : 3.91 % |
| GWO.PR.H | Insurance Straight | 1.79 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-01-24 Maturity Price : 24.83 Evaluated at bid price : 25.05 Bid-YTW : 4.88 % |
| BAM.PR.M | Perpetual-Discount | 1.79 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-01-24 Maturity Price : 24.20 Evaluated at bid price : 24.46 Bid-YTW : 4.89 % |
| CU.PR.F | Perpetual-Discount | 2.05 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-01-24 Maturity Price : 24.10 Evaluated at bid price : 24.39 Bid-YTW : 4.66 % |
| TD.PF.E | FixedReset Disc | 2.29 % | YTW SCENARIO Maturity Type : Call Maturity Date : 2025-10-31 Maturity Price : 25.00 Evaluated at bid price : 24.62 Bid-YTW : 3.68 % |
| TRP.PR.G | FixedReset Disc | 3.15 % | YTW SCENARIO Maturity Type : Call Maturity Date : 2025-11-30 Maturity Price : 25.00 Evaluated at bid price : 24.25 Bid-YTW : 4.37 % |
| TD.PF.B | FixedReset Disc | 3.78 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-01-24 Maturity Price : 22.99 Evaluated at bid price : 23.87 Bid-YTW : 3.98 % |
| Volume Highlights | |||
| Issue | Index | Shares Traded |
Notes |
| SLF.PR.J | FloatingReset | 54,100 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-01-24 Maturity Price : 17.76 Evaluated at bid price : 17.76 Bid-YTW : 2.57 % |
| MFC.PR.L | FixedReset Ins Non | 52,600 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-01-24 Maturity Price : 22.19 Evaluated at bid price : 22.52 Bid-YTW : 4.20 % |
| MFC.PR.Q | FixedReset Ins Non | 47,050 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-01-24 Maturity Price : 23.71 Evaluated at bid price : 24.85 Bid-YTW : 4.18 % |
| BMO.PR.B | FixedReset Prem | 34,280 | YTW SCENARIO Maturity Type : Call Maturity Date : 2022-02-25 Maturity Price : 25.00 Evaluated at bid price : 25.27 Bid-YTW : 1.60 % |
| FTS.PR.F | Perpetual-Premium | 28,422 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-01-24 Maturity Price : 24.92 Evaluated at bid price : 25.15 Bid-YTW : 4.93 % |
| RY.PR.J | FixedReset Disc | 22,800 | YTW SCENARIO Maturity Type : Call Maturity Date : 2025-05-24 Maturity Price : 25.00 Evaluated at bid price : 24.75 Bid-YTW : 3.71 % |
| There were 17 other index-included issues trading in excess of 10,000 shares. | |||
| Wide Spread Highlights | ||
| Issue | Index | Quote Data and Yield Notes |
| SLF.PR.G | FixedReset Ins Non | Quote: 18.05 – 18.68 Spot Rate : 0.6300 Average : 0.4302 YTW SCENARIO |
| CM.PR.O | FixedReset Disc | Quote: 23.62 – 24.15 Spot Rate : 0.5300 Average : 0.3373 YTW SCENARIO |
| SLF.PR.H | FixedReset Ins Non | Quote: 22.75 – 23.50 Spot Rate : 0.7500 Average : 0.5663 YTW SCENARIO |
| RY.PR.S | FixedReset Prem | Quote: 25.08 – 25.53 Spot Rate : 0.4500 Average : 0.2746 YTW SCENARIO |
| BAM.PF.F | FixedReset Disc | Quote: 23.66 – 24.19 Spot Rate : 0.5300 Average : 0.3600 YTW SCENARIO |
| ELF.PR.H | Perpetual-Premium | Quote: 25.30 – 25.62 Spot Rate : 0.3200 Average : 0.2073 YTW SCENARIO |