April 20, 2023

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 0.2082 % 2,312.3
FixedFloater 0.00 % 0.00 % 0 0.00 0 0.2082 % 4,434.9
Floater 9.75 % 9.90 % 61,669 9.61 2 0.2082 % 2,555.9
OpRet 0.00 % 0.00 % 0 0.00 0 -0.2503 % 3,349.7
SplitShare 5.02 % 7.19 % 46,570 2.61 7 -0.2503 % 4,000.2
Interest-Bearing 0.00 % 0.00 % 0 0.00 0 -0.2503 % 3,121.1
Perpetual-Premium 0.00 % 0.00 % 0 0.00 0 -0.1460 % 2,763.2
Perpetual-Discount 6.18 % 6.21 % 52,608 13.55 34 -0.1460 % 3,013.1
FixedReset Disc 5.69 % 7.66 % 84,603 12.00 63 0.3364 % 2,168.8
Insurance Straight 6.06 % 6.13 % 68,884 13.72 19 0.1390 % 2,968.3
FloatingReset 10.36 % 10.91 % 46,089 8.86 2 0.3043 % 2,408.2
FixedReset Prem 6.90 % 6.50 % 324,060 3.91 1 0.0000 % 2,341.2
FixedReset Bank Non 0.00 % 0.00 % 0 0.00 0 0.3364 % 2,217.0
FixedReset Ins Non 6.00 % 7.58 % 71,295 11.83 11 0.1245 % 2,322.3
Performance Highlights
Issue Index Change Notes
BIP.PR.F FixedReset Disc -3.40 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-04-20
Maturity Price : 19.01
Evaluated at bid price : 19.01
Bid-YTW : 8.18 %
GWO.PR.N FixedReset Ins Non -2.87 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-04-20
Maturity Price : 11.86
Evaluated at bid price : 11.86
Bid-YTW : 8.52 %
MIC.PR.A Perpetual-Discount -2.14 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-04-20
Maturity Price : 20.55
Evaluated at bid price : 20.55
Bid-YTW : 6.65 %
TRP.PR.E FixedReset Disc -1.95 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-04-20
Maturity Price : 15.10
Evaluated at bid price : 15.10
Bid-YTW : 9.02 %
PWF.PF.A Perpetual-Discount -1.93 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-04-20
Maturity Price : 18.34
Evaluated at bid price : 18.34
Bid-YTW : 6.17 %
TD.PF.D FixedReset Disc -1.08 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-04-20
Maturity Price : 18.25
Evaluated at bid price : 18.25
Bid-YTW : 7.66 %
TD.PF.M FixedReset Disc 1.05 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-04-20
Maturity Price : 23.65
Evaluated at bid price : 24.10
Bid-YTW : 6.93 %
CU.PR.I FixedReset Disc 1.09 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-04-20
Maturity Price : 22.61
Evaluated at bid price : 23.20
Bid-YTW : 7.12 %
TD.PF.J FixedReset Disc 1.17 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-04-20
Maturity Price : 21.98
Evaluated at bid price : 22.51
Bid-YTW : 6.63 %
TD.PF.B FixedReset Disc 1.22 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-04-20
Maturity Price : 17.39
Evaluated at bid price : 17.39
Bid-YTW : 7.73 %
RY.PR.H FixedReset Disc 1.26 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-04-20
Maturity Price : 17.67
Evaluated at bid price : 17.67
Bid-YTW : 7.71 %
FTS.PR.H FixedReset Disc 1.29 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-04-20
Maturity Price : 12.52
Evaluated at bid price : 12.52
Bid-YTW : 8.63 %
BN.PF.G FixedReset Disc 1.36 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-04-20
Maturity Price : 14.90
Evaluated at bid price : 14.90
Bid-YTW : 9.53 %
BMO.PR.Y FixedReset Disc 1.37 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-04-20
Maturity Price : 18.45
Evaluated at bid price : 18.45
Bid-YTW : 7.57 %
RY.PR.J FixedReset Disc 1.40 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-04-20
Maturity Price : 18.85
Evaluated at bid price : 18.85
Bid-YTW : 7.55 %
CM.PR.Q FixedReset Disc 1.42 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-04-20
Maturity Price : 18.52
Evaluated at bid price : 18.52
Bid-YTW : 7.54 %
RY.PR.Z FixedReset Disc 1.43 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-04-20
Maturity Price : 17.70
Evaluated at bid price : 17.70
Bid-YTW : 7.69 %
TRP.PR.B FixedReset Disc 1.51 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-04-20
Maturity Price : 10.77
Evaluated at bid price : 10.77
Bid-YTW : 9.50 %
RY.PR.M FixedReset Disc 2.60 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-04-20
Maturity Price : 18.16
Evaluated at bid price : 18.16
Bid-YTW : 7.51 %
Volume Highlights
Issue Index Shares
Traded		 Notes
MFC.PR.J FixedReset Ins Non 162,517 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-04-20
Maturity Price : 21.63
Evaluated at bid price : 21.98
Bid-YTW : 6.87 %
MFC.PR.K FixedReset Ins Non 102,440 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-04-20
Maturity Price : 17.83
Evaluated at bid price : 17.83
Bid-YTW : 7.78 %
MFC.PR.Q FixedReset Ins Non 79,150 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-04-20
Maturity Price : 19.49
Evaluated at bid price : 19.49
Bid-YTW : 7.58 %
CM.PR.P FixedReset Disc 74,600 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-04-20
Maturity Price : 17.45
Evaluated at bid price : 17.45
Bid-YTW : 7.62 %
TD.PF.K FixedReset Disc 53,278 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-04-20
Maturity Price : 20.95
Evaluated at bid price : 20.95
Bid-YTW : 6.97 %
TD.PF.I FixedReset Disc 35,400 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-04-20
Maturity Price : 23.18
Evaluated at bid price : 24.96
Bid-YTW : 6.24 %
There were 8 other index-included issues trading in excess of 10,000 shares.
Wide Spread Highlights
Issue Index Quote Data and Yield Notes
RY.PR.J FixedReset Disc Quote: 18.85 – 25.00
Spot Rate : 6.1500
Average : 3.7025

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-04-20
Maturity Price : 18.85
Evaluated at bid price : 18.85
Bid-YTW : 7.55 %
BN.PF.G FixedReset Disc Quote: 14.90 – 16.90
Spot Rate : 2.0000
Average : 1.1447

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-04-20
Maturity Price : 14.90
Evaluated at bid price : 14.90
Bid-YTW : 9.53 %
CU.PR.E Perpetual-Discount Quote: 20.07 – 23.72
Spot Rate : 3.6500
Average : 2.8872

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-04-20
Maturity Price : 20.07
Evaluated at bid price : 20.07
Bid-YTW : 6.21 %
BN.PF.A FixedReset Disc Quote: 18.45 – 19.25
Spot Rate : 0.8000
Average : 0.4838

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-04-20
Maturity Price : 18.45
Evaluated at bid price : 18.45
Bid-YTW : 8.44 %
GWO.PR.N FixedReset Ins Non Quote: 11.86 – 12.48
Spot Rate : 0.6200
Average : 0.4311

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-04-20
Maturity Price : 11.86
Evaluated at bid price : 11.86
Bid-YTW : 8.52 %
MIC.PR.A Perpetual-Discount Quote: 20.55 – 21.40
Spot Rate : 0.8500
Average : 0.6707

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-04-20
Maturity Price : 20.55
Evaluated at bid price : 20.55
Bid-YTW : 6.65 %

This entry was posted on Thursday, April 20th, 2023 at 8:32 pm and is filed under Market Action. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

One Response to “April 20, 2023”

  1. Joel A says:
    April 21, 2023 at 9:37 am

    The Series 18 Shares are currently listed on the Toronto Stock Exchange under the symbol TD.PF.J. As previously announced on March 31, 2023, the dividend rate for the Series 18 Shares for the 5-year period from and including April 30, 2023 to but excluding April 30, 2028 will be 5.747%.

    Under quantity for any conversion.

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