Well, the struggle to address the commenting problem led to an upgrade nightmare, together with hosting and password nightmares to make things more interesting. But I hope that the ordeal is over and comments will work again … at least until next time!
As usual, and as I had feared all along, the so-called upgrade to the new version of WordPress came with the imposition of a new editing interface that is a piece of shit, developed by a pack of 12-year-olds who consider “new” to be synonymous with “good”. So posts might look a little funny until I learn how to cope with this bullshit.
Update: Dammit, commenting still doesn’t work. Back to the grind!
| 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 | 3.03 % | 3.50 % | 41,629 | 20.09 | 1 | 0.7481 % | 2,877.6 |
| FixedFloater | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 1.5927 % | 5,530.9 |
| Floater | 2.88 % | 2.90 % | 49,602 | 19.97 | 3 | 1.5927 % | 3,187.5 |
| OpRet | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.0065 % | 3,660.3 |
| SplitShare | 4.69 % | 4.55 % | 33,394 | 3.55 | 6 | 0.0065 % | 4,371.1 |
| Interest-Bearing | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.0065 % | 3,410.5 |
| Perpetual-Premium | 5.18 % | -10.32 % | 58,102 | 0.09 | 24 | 0.0623 % | 3,242.1 |
| Perpetual-Discount | 4.70 % | 4.80 % | 55,579 | 15.77 | 7 | 0.8494 % | 3,871.5 |
| FixedReset Disc | 3.91 % | 4.10 % | 112,564 | 16.68 | 45 | 0.4342 % | 2,887.4 |
| Insurance Straight | 4.90 % | 4.57 % | 86,659 | 15.71 | 17 | 0.2238 % | 3,652.5 |
| FloatingReset | 2.87 % | 3.22 % | 46,302 | 19.16 | 2 | 0.9503 % | 2,931.7 |
| FixedReset Prem | 4.73 % | 3.11 % | 104,385 | 1.72 | 25 | 0.2986 % | 2,727.9 |
| FixedReset Bank Non | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.4342 % | 2,951.5 |
| FixedReset Ins Non | 4.09 % | 3.93 % | 70,000 | 16.75 | 17 | 0.3753 % | 2,968.0 |
| Performance Highlights | |||
| Issue | Index | Change | Notes |
| CU.PR.C | FixedReset Disc | -3.00 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-01-28 Maturity Price : 22.06 Evaluated at bid price : 22.65 Bid-YTW : 4.43 % |
| BAM.PF.B | FixedReset Disc | -1.19 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-01-28 Maturity Price : 22.94 Evaluated at bid price : 23.25 Bid-YTW : 4.60 % |
| BAM.PR.E | Ratchet | 1.00 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-01-28 Maturity Price : 25.00 Evaluated at bid price : 20.20 Bid-YTW : 3.50 % |
| MFC.PR.L | FixedReset Ins Non | 1.01 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-01-28 Maturity Price : 22.48 Evaluated at bid price : 22.94 Bid-YTW : 4.11 % |
| SLF.PR.J | FloatingReset | 1.01 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-01-28 Maturity Price : 17.93 Evaluated at bid price : 17.93 Bid-YTW : 2.55 % |
| BIP.PR.A | FixedReset Disc | 1.04 % | YTW SCENARIO Maturity Type : Call Maturity Date : 2025-06-30 Maturity Price : 25.00 Evaluated at bid price : 24.35 Bid-YTW : 4.93 % |
| CM.PR.Q | FixedReset Disc | 1.04 % | YTW SCENARIO Maturity Type : Call Maturity Date : 2025-07-31 Maturity Price : 25.00 Evaluated at bid price : 24.25 Bid-YTW : 4.09 % |
| IFC.PR.G | FixedReset Ins Non | 1.05 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-01-28 Maturity Price : 23.77 Evaluated at bid price : 25.03 Bid-YTW : 4.15 % |
| TD.PF.J | FixedReset Prem | 1.11 % | YTW SCENARIO Maturity Type : Call Maturity Date : 2023-04-30 Maturity Price : 25.00 Evaluated at bid price : 25.58 Bid-YTW : 2.78 % |
| CM.PR.Y | FixedReset Prem | 1.12 % | YTW SCENARIO Maturity Type : Call Maturity Date : 2024-07-31 Maturity Price : 25.00 Evaluated at bid price : 26.29 Bid-YTW : 3.02 % |
| BMO.PR.T | FixedReset Disc | 1.12 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-01-28 Maturity Price : 23.19 Evaluated at bid price : 24.32 Bid-YTW : 3.89 % |
| TD.PF.L | FixedReset Prem | 1.17 % | YTW SCENARIO Maturity Type : Call Maturity Date : 2024-04-30 Maturity Price : 25.00 Evaluated at bid price : 26.00 Bid-YTW : 3.34 % |
| BAM.PF.F | FixedReset Disc | 1.17 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-01-28 Maturity Price : 23.13 Evaluated at bid price : 24.23 Bid-YTW : 4.51 % |
| GWO.PR.H | Insurance Straight | 1.18 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-01-28 Maturity Price : 24.64 Evaluated at bid price : 24.90 Bid-YTW : 4.91 % |
| BAM.PR.C | Floater | 1.23 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-01-28 Maturity Price : 14.80 Evaluated at bid price : 14.80 Bid-YTW : 2.91 % |
| FTS.PR.K | FixedReset Disc | 1.24 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-01-28 Maturity Price : 21.64 Evaluated at bid price : 22.07 Bid-YTW : 4.20 % |
| BAM.PR.Z | FixedReset Disc | 1.46 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-01-28 Maturity Price : 24.73 Evaluated at bid price : 25.06 Bid-YTW : 4.58 % |
| TRP.PR.E | FixedReset Disc | 1.61 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-01-28 Maturity Price : 21.47 Evaluated at bid price : 21.47 Bid-YTW : 4.59 % |
| TD.PF.M | FixedReset Prem | 1.62 % | YTW SCENARIO Maturity Type : Call Maturity Date : 2024-07-31 Maturity Price : 25.00 Evaluated at bid price : 26.32 Bid-YTW : 2.91 % |
| BAM.PR.K | Floater | 1.71 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-01-28 Maturity Price : 14.87 Evaluated at bid price : 14.87 Bid-YTW : 2.90 % |
| TRP.PR.C | FixedReset Disc | 1.77 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-01-28 Maturity Price : 16.69 Evaluated at bid price : 16.69 Bid-YTW : 4.35 % |
| BAM.PR.B | Floater | 1.84 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-01-28 Maturity Price : 14.98 Evaluated at bid price : 14.98 Bid-YTW : 2.88 % |
| FTS.PR.H | FixedReset Disc | 1.94 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-01-28 Maturity Price : 17.33 Evaluated at bid price : 17.33 Bid-YTW : 4.15 % |
| MFC.PR.F | FixedReset Ins Non | 2.46 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-01-28 Maturity Price : 18.75 Evaluated at bid price : 18.75 Bid-YTW : 3.86 % |
| CIU.PR.A | Perpetual-Discount | 3.19 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-01-28 Maturity Price : 24.01 Evaluated at bid price : 24.26 Bid-YTW : 4.80 % |
| TRP.PR.B | FixedReset Disc | 3.66 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-01-28 Maturity Price : 14.73 Evaluated at bid price : 14.73 Bid-YTW : 4.56 % |
| BAM.PF.E | FixedReset Disc | 3.79 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-01-28 Maturity Price : 21.89 Evaluated at bid price : 22.21 Bid-YTW : 4.58 % |
| Volume Highlights | |||
| Issue | Index | Shares Traded | Notes |
| MFC.PR.R | FixedReset Ins Non | 138,700 | YTW SCENARIO Maturity Type : Call Maturity Date : 2022-03-19 Maturity Price : 25.00 Evaluated at bid price : 25.25 Bid-YTW : 1.41 % |
| MFC.PR.H | FixedReset Ins Non | 115,271 | YTW SCENARIO Maturity Type : Call Maturity Date : 2022-03-19 Maturity Price : 25.00 Evaluated at bid price : 25.21 Bid-YTW : 1.62 % |
| SLF.PR.J | FloatingReset | 55,000 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-01-28 Maturity Price : 17.93 Evaluated at bid price : 17.93 Bid-YTW : 2.55 % |
| FTS.PR.M | FixedReset Disc | 52,375 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-01-28 Maturity Price : 22.80 Evaluated at bid price : 23.60 Bid-YTW : 4.30 % |
| PWF.PR.S | Perpetual-Premium | 35,403 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-01-28 Maturity Price : 24.67 Evaluated at bid price : 24.91 Bid-YTW : 4.83 % |
| POW.PR.A | Perpetual-Premium | 28,048 | YTW SCENARIO Maturity Type : Call Maturity Date : 2022-02-27 Maturity Price : 25.00 Evaluated at bid price : 25.65 Bid-YTW : -21.95 % |
| There were 12 other index-included issues trading in excess of 10,000 shares. |
| Wide Spread Highlights | ||
| Issue | Index | Quote Data and Yield Notes |
| MIC.PR.A | Perpetual-Premium | Quote: 25.50 – 26.75 Spot Rate : 1.2500 Average : 0.8490 YTW SCENARIO Maturity Type : Call Maturity Date : 2030-03-31 Maturity Price : 25.00 Evaluated at bid price : 25.50 Bid-YTW : 5.19 % |
| CU.PR.C | FixedReset Disc | Quote: 22.65 – 23.60 Spot Rate : 0.9500 Average : 0.5761 YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-01-28 Maturity Price : 22.06 Evaluated at bid price : 22.65 Bid-YTW : 4.43 % |
| BAM.PR.C | Floater | Quote: 14.80 – 15.80 Spot Rate : 1.0000 Average : 0.6684 YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-01-28 Maturity Price : 14.80 Evaluated at bid price : 14.80 Bid-YTW : 2.91 % |
| BAM.PR.X | FixedReset Disc | Quote: 18.45 – 19.22 Spot Rate : 0.7700 Average : 0.6204 YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-01-28 Maturity Price : 18.45 Evaluated at bid price : 18.45 Bid-YTW : 4.64 % |
| BIP.PR.B | FixedReset Prem | Quote: 26.52 – 26.98 Spot Rate : 0.4600 Average : 0.3152 YTW SCENARIO Maturity Type : Call Maturity Date : 2025-12-31 Maturity Price : 25.00 Evaluated at bid price : 26.52 Bid-YTW : 3.96 % |
| BAM.PF.G | FixedReset Disc | Quote: 23.05 – 23.64 Spot Rate : 0.5900 Average : 0.4657 YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-01-28 Maturity Price : 22.42 Evaluated at bid price : 23.05 Bid-YTW : 4.58 % |