So here’s the 2023-4-28 report, very late, but it’s here! I have all kinds of links to discuss, but they’ll just have to wait!
| 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 | -0.0417 % | 2,305.5 |
| FixedFloater | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.0417 % | 4,422.0 |
| Floater | 9.77 % | 9.96 % | 36,089 | 9.54 | 2 | -0.0417 % | 2,548.4 |
| OpRet | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.1583 % | 3,363.0 |
| SplitShare | 5.00 % | 7.27 % | 46,087 | 2.60 | 7 | -0.1583 % | 4,016.1 |
| Interest-Bearing | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.1583 % | 3,133.5 |
| Perpetual-Premium | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.2442 % | 2,770.2 |
| Perpetual-Discount | 6.16 % | 6.22 % | 53,315 | 13.62 | 34 | 0.2442 % | 3,020.7 |
| FixedReset Disc | 5.73 % | 7.62 % | 85,420 | 12.11 | 63 | -0.1338 % | 2,152.2 |
| Insurance Straight | 6.08 % | 6.16 % | 69,428 | 13.67 | 19 | -0.1852 % | 2,959.9 |
| FloatingReset | 10.38 % | 10.83 % | 52,529 | 8.89 | 2 | 0.0338 % | 2,402.5 |
| FixedReset Prem | 6.92 % | 6.53 % | 327,468 | 12.86 | 1 | 0.1975 % | 2,333.9 |
| FixedReset Bank Non | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.1338 % | 2,200.0 |
| FixedReset Ins Non | 5.95 % | 7.32 % | 76,064 | 12.11 | 11 | 0.3247 % | 2,342.1 |
| Performance Highlights | |||
| Issue | Index | Change | Notes |
| FTS.PR.H | FixedReset Disc | -2.27 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-04-28 Maturity Price : 12.51 Evaluated at bid price : 12.51 Bid-YTW : 8.42 % |
| MFC.PR.F | FixedReset Ins Non | -2.00 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-04-28 Maturity Price : 12.25 Evaluated at bid price : 12.25 Bid-YTW : 8.35 % |
| BN.PF.F | FixedReset Disc | -1.57 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-04-28 Maturity Price : 16.25 Evaluated at bid price : 16.25 Bid-YTW : 9.02 % |
| BMO.PR.F | FixedReset Disc | -1.24 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-04-28 Maturity Price : 23.27 Evaluated at bid price : 23.80 Bid-YTW : 6.86 % |
| BMO.PR.Y | FixedReset Disc | -1.22 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-04-28 Maturity Price : 17.80 Evaluated at bid price : 17.80 Bid-YTW : 7.60 % |
| BN.PF.H | FixedReset Disc | -1.19 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-04-28 Maturity Price : 20.70 Evaluated at bid price : 20.70 Bid-YTW : 8.38 % |
| TD.PF.D | FixedReset Disc | -1.10 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-04-28 Maturity Price : 18.00 Evaluated at bid price : 18.00 Bid-YTW : 7.62 % |
| IFC.PR.A | FixedReset Ins Non | 1.15 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-04-28 Maturity Price : 17.65 Evaluated at bid price : 17.65 Bid-YTW : 6.96 % |
| BN.PR.X | FixedReset Disc | 1.26 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-04-28 Maturity Price : 14.50 Evaluated at bid price : 14.50 Bid-YTW : 8.46 % |
| IFC.PR.C | FixedReset Disc | 1.51 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-04-28 Maturity Price : 18.15 Evaluated at bid price : 18.15 Bid-YTW : 7.32 % |
| TD.PF.B | FixedReset Disc | 3.94 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-04-28 Maturity Price : 17.15 Evaluated at bid price : 17.15 Bid-YTW : 7.67 % |
| MFC.PR.L | FixedReset Ins Non | 4.14 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-04-28 Maturity Price : 16.62 Evaluated at bid price : 16.62 Bid-YTW : 7.90 % |
| CU.PR.F | Perpetual-Discount | 5.89 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-04-28 Maturity Price : 19.05 Evaluated at bid price : 19.05 Bid-YTW : 6.02 % |
| Volume Highlights | |||
| Issue | Index | Shares Traded |
Notes |
| IFC.PR.A | FixedReset Ins Non | 50,100 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-04-28 Maturity Price : 17.65 Evaluated at bid price : 17.65 Bid-YTW : 6.96 % |
| BN.PF.F | FixedReset Disc | 25,000 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-04-28 Maturity Price : 16.25 Evaluated at bid price : 16.25 Bid-YTW : 9.02 % |
| PWF.PR.F | Perpetual-Discount | 23,654 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-04-28 Maturity Price : 21.39 Evaluated at bid price : 21.39 Bid-YTW : 6.18 % |
| TD.PF.A | FixedReset Disc | 20,865 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-04-28 Maturity Price : 17.00 Evaluated at bid price : 17.00 Bid-YTW : 7.65 % |
| RY.PR.Z | FixedReset Disc | 17,312 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-04-28 Maturity Price : 17.25 Evaluated at bid price : 17.25 Bid-YTW : 7.60 % |
| FTS.PR.H | FixedReset Disc | 11,800 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-04-28 Maturity Price : 12.51 Evaluated at bid price : 12.51 Bid-YTW : 8.42 % |
| There were 0 other index-included issues trading in excess of 10,000 shares. | |||
| Wide Spread Highlights | ||
| Issue | Index | Quote Data and Yield Notes |
| TRP.PR.E | FixedReset Disc | Quote: 15.25 – 17.45 Spot Rate : 2.2000 Average : 1.3871 YTW SCENARIO |
| CU.PR.G | Perpetual-Discount | Quote: 18.89 – 21.00 Spot Rate : 2.1100 Average : 1.7205 YTW SCENARIO |
| CM.PR.T | FixedReset Disc | Quote: 22.91 – 23.84 Spot Rate : 0.9300 Average : 0.5591 YTW SCENARIO |
| BIP.PR.E | FixedReset Disc | Quote: 21.86 – 22.94 Spot Rate : 1.0800 Average : 0.7371 YTW SCENARIO |
| FTS.PR.H | FixedReset Disc | Quote: 12.51 – 13.22 Spot Rate : 0.7100 Average : 0.4482 YTW SCENARIO |
| BMO.PR.T | FixedReset Disc | Quote: 17.05 – 17.75 Spot Rate : 0.7000 Average : 0.4833 YTW SCENARIO |
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