| 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 | -0.5765 % | 2,429.2 |
| FixedFloater | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.5765 % | 4,659.3 |
| Floater | 6.50 % | 6.56 % | 39,531 | 13.09 | 3 | -0.5765 % | 2,685.2 |
| OpRet | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.0260 % | 3,446.0 |
| SplitShare | 4.94 % | 5.88 % | 40,564 | 3.12 | 8 | 0.0260 % | 4,115.2 |
| Interest-Bearing | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.0260 % | 3,210.9 |
| Perpetual-Premium | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.1368 % | 2,816.2 |
| Perpetual-Discount | 6.05 % | 6.19 % | 72,823 | 13.65 | 34 | -0.1368 % | 3,071.0 |
| FixedReset Disc | 4.91 % | 6.19 % | 118,323 | 13.87 | 56 | 0.5217 % | 2,401.8 |
| Insurance Straight | 6.02 % | 6.15 % | 90,981 | 13.67 | 18 | -0.1406 % | 2,986.6 |
| FloatingReset | 7.16 % | 7.41 % | 41,876 | 12.03 | 2 | 0.6634 % | 2,463.4 |
| FixedReset Prem | 5.09 % | 5.41 % | 131,859 | 1.90 | 10 | 0.5256 % | 2,562.7 |
| FixedReset Bank Non | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.5217 % | 2,455.2 |
| FixedReset Ins Non | 5.01 % | 6.68 % | 57,414 | 13.02 | 14 | 0.3517 % | 2,434.8 |
| Performance Highlights | |||
| Issue | Index | Change | Notes |
| BIP.PR.E | FixedReset Disc | -2.02 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-07-26 Maturity Price : 22.66 Evaluated at bid price : 23.30 Bid-YTW : 6.32 % |
| POW.PR.G | Perpetual-Discount | -2.00 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-07-26 Maturity Price : 22.22 Evaluated at bid price : 22.50 Bid-YTW : 6.27 % |
| BIP.PR.F | FixedReset Disc | -1.91 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-07-26 Maturity Price : 22.68 Evaluated at bid price : 23.11 Bid-YTW : 6.26 % |
| ELF.PR.F | Perpetual-Discount | -1.74 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-07-26 Maturity Price : 21.50 Evaluated at bid price : 21.50 Bid-YTW : 6.22 % |
| PWF.PR.S | Perpetual-Discount | -1.73 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-07-26 Maturity Price : 19.31 Evaluated at bid price : 19.31 Bid-YTW : 6.26 % |
| GWO.PR.T | Insurance Straight | -1.50 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-07-26 Maturity Price : 21.05 Evaluated at bid price : 21.05 Bid-YTW : 6.19 % |
| CCS.PR.C | Insurance Straight | -1.25 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-07-26 Maturity Price : 21.25 Evaluated at bid price : 21.25 Bid-YTW : 5.96 % |
| BAM.PR.C | Floater | -1.25 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-07-26 Maturity Price : 12.69 Evaluated at bid price : 12.69 Bid-YTW : 6.56 % |
| GWO.PR.L | Insurance Straight | -1.18 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-07-26 Maturity Price : 22.42 Evaluated at bid price : 22.68 Bid-YTW : 6.30 % |
| GWO.PR.P | Insurance Straight | -1.17 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-07-26 Maturity Price : 21.75 Evaluated at bid price : 22.00 Bid-YTW : 6.20 % |
| GWO.PR.S | Insurance Straight | -1.15 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-07-26 Maturity Price : 21.50 Evaluated at bid price : 21.50 Bid-YTW : 6.18 % |
| NA.PR.W | FixedReset Disc | 1.01 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-07-26 Maturity Price : 19.98 Evaluated at bid price : 19.98 Bid-YTW : 6.20 % |
| FTS.PR.F | Perpetual-Discount | 1.06 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-07-26 Maturity Price : 20.99 Evaluated at bid price : 20.99 Bid-YTW : 5.94 % |
| BIP.PR.A | FixedReset Disc | 1.06 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-07-26 Maturity Price : 19.00 Evaluated at bid price : 19.00 Bid-YTW : 7.91 % |
| CM.PR.Q | FixedReset Disc | 1.08 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-07-26 Maturity Price : 20.57 Evaluated at bid price : 20.57 Bid-YTW : 6.32 % |
| FTS.PR.J | Perpetual-Discount | 1.19 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-07-26 Maturity Price : 20.35 Evaluated at bid price : 20.35 Bid-YTW : 5.94 % |
| NA.PR.S | FixedReset Disc | 1.21 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-07-26 Maturity Price : 20.91 Evaluated at bid price : 20.91 Bid-YTW : 6.19 % |
| FTS.PR.G | FixedReset Disc | 1.24 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-07-26 Maturity Price : 17.99 Evaluated at bid price : 17.99 Bid-YTW : 7.05 % |
| TD.PF.J | FixedReset Disc | 1.29 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-07-26 Maturity Price : 22.87 Evaluated at bid price : 23.50 Bid-YTW : 5.91 % |
| BMO.PR.Y | FixedReset Disc | 1.30 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-07-26 Maturity Price : 21.02 Evaluated at bid price : 21.02 Bid-YTW : 6.17 % |
| SLF.PR.D | Insurance Straight | 1.33 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-07-26 Maturity Price : 19.10 Evaluated at bid price : 19.10 Bid-YTW : 5.90 % |
| TRP.PR.C | FixedReset Disc | 1.38 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-07-26 Maturity Price : 12.52 Evaluated at bid price : 12.52 Bid-YTW : 7.69 % |
| BMO.PR.T | FixedReset Disc | 1.47 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-07-26 Maturity Price : 20.65 Evaluated at bid price : 20.65 Bid-YTW : 6.08 % |
| BNS.PR.I | FixedReset Disc | 1.49 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-07-26 Maturity Price : 23.43 Evaluated at bid price : 23.85 Bid-YTW : 5.55 % |
| RY.PR.J | FixedReset Disc | 1.53 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-07-26 Maturity Price : 21.25 Evaluated at bid price : 21.25 Bid-YTW : 6.15 % |
| IAF.PR.I | FixedReset Ins Non | 1.57 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-07-26 Maturity Price : 22.71 Evaluated at bid price : 23.36 Bid-YTW : 6.03 % |
| TD.PF.L | FixedReset Prem | 1.65 % | YTW SCENARIO Maturity Type : Call Maturity Date : 2024-04-30 Maturity Price : 25.00 Evaluated at bid price : 24.70 Bid-YTW : 5.90 % |
| NA.PR.E | FixedReset Disc | 1.69 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-07-26 Maturity Price : 22.18 Evaluated at bid price : 22.89 Bid-YTW : 5.92 % |
| SLF.PR.C | Insurance Straight | 1.69 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-07-26 Maturity Price : 19.20 Evaluated at bid price : 19.20 Bid-YTW : 5.86 % |
| RY.PR.H | FixedReset Disc | 1.70 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-07-26 Maturity Price : 20.90 Evaluated at bid price : 20.90 Bid-YTW : 5.95 % |
| CU.PR.E | Perpetual-Discount | 1.71 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-07-26 Maturity Price : 20.80 Evaluated at bid price : 20.80 Bid-YTW : 6.00 % |
| BAM.PF.G | FixedReset Disc | 1.94 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-07-26 Maturity Price : 17.38 Evaluated at bid price : 17.38 Bid-YTW : 7.61 % |
| MFC.PR.N | FixedReset Ins Non | 2.65 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-07-26 Maturity Price : 17.45 Evaluated at bid price : 17.45 Bid-YTW : 7.15 % |
| IFC.PR.C | FixedReset Disc | 4.33 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-07-26 Maturity Price : 17.84 Evaluated at bid price : 17.84 Bid-YTW : 7.06 % |
| TD.PF.D | FixedReset Disc | 6.26 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-07-26 Maturity Price : 21.04 Evaluated at bid price : 21.04 Bid-YTW : 6.24 % |
| Volume Highlights | |||
| Issue | Index | Shares Traded |
Notes |
| TD.PF.J | FixedReset Disc | 39,600 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-07-26 Maturity Price : 22.87 Evaluated at bid price : 23.50 Bid-YTW : 5.91 % |
| CU.PR.I | FixedReset Prem | 37,300 | YTW SCENARIO Maturity Type : Call Maturity Date : 2025-12-01 Maturity Price : 25.00 Evaluated at bid price : 24.50 Bid-YTW : 5.41 % |
| GWO.PR.I | Insurance Straight | 35,300 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-07-26 Maturity Price : 18.97 Evaluated at bid price : 18.97 Bid-YTW : 6.00 % |
| PWF.PR.G | Perpetual-Discount | 34,664 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-07-26 Maturity Price : 23.69 Evaluated at bid price : 24.00 Bid-YTW : 6.17 % |
| BMO.PR.W | FixedReset Disc | 34,100 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-07-26 Maturity Price : 20.40 Evaluated at bid price : 20.40 Bid-YTW : 6.15 % |
| BAM.PF.F | FixedReset Disc | 26,331 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-07-26 Maturity Price : 18.34 Evaluated at bid price : 18.34 Bid-YTW : 7.59 % |
| There were 16 other index-included issues trading in excess of 10,000 shares. | |||
| Wide Spread Highlights | ||
| Issue | Index | Quote Data and Yield Notes |
| SLF.PR.E | Insurance Straight | Quote: 19.20 – 21.20 Spot Rate : 2.0000 Average : 1.1036 YTW SCENARIO |
| TD.PF.C | FixedReset Disc | Quote: 20.30 – 22.00 Spot Rate : 1.7000 Average : 1.0678 YTW SCENARIO |
| TRP.PR.E | FixedReset Disc | Quote: 16.20 – 18.00 Spot Rate : 1.8000 Average : 1.2404 YTW SCENARIO |
| BNS.PR.I | FixedReset Disc | Quote: 23.85 – 25.00 Spot Rate : 1.1500 Average : 0.7283 YTW SCENARIO |
| ELF.PR.F | Perpetual-Discount | Quote: 21.50 – 22.50 Spot Rate : 1.0000 Average : 0.5968 YTW SCENARIO |
| TD.PF.E | FixedReset Disc | Quote: 20.84 – 21.79 Spot Rate : 0.9500 Average : 0.5940 YTW SCENARIO |
Hi James,
Thanks for all you do on this website. Question: Would it make sense to also include Ask-YTW? I find some of the preferreds don’t trade much and have low-ball bids near the end of the day.
Thx
Ferris