| 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 | -2.4112 % | 2,150.9 |
| FixedFloater | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -2.4112 % | 4,125.4 |
| Floater | 11.32 % | 11.39 % | 58,845 | 8.60 | 2 | -2.4112 % | 2,377.5 |
| OpRet | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.4721 % | 3,374.6 |
| SplitShare | 5.00 % | 7.43 % | 44,553 | 2.29 | 7 | 0.4721 % | 4,030.0 |
| Interest-Bearing | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.4721 % | 3,144.4 |
| Perpetual-Premium | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.0892 % | 2,504.4 |
| Perpetual-Discount | 6.82 % | 7.03 % | 47,150 | 12.48 | 33 | 0.0892 % | 2,730.9 |
| FixedReset Disc | 6.16 % | 9.10 % | 98,057 | 10.72 | 55 | -0.6946 % | 2,045.4 |
| Insurance Straight | 6.86 % | 6.98 % | 63,606 | 12.64 | 17 | -0.1533 % | 2,622.9 |
| FloatingReset | 11.69 % | 11.79 % | 35,856 | 8.35 | 1 | 0.1418 % | 2,271.1 |
| FixedReset Prem | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.6946 % | 2,241.6 |
| FixedReset Bank Non | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.6946 % | 2,090.8 |
| FixedReset Ins Non | 6.43 % | 8.31 % | 126,108 | 11.31 | 11 | -0.4518 % | 2,233.5 |
| Performance Highlights | |||
| Issue | Index | Change | Notes |
| BN.PF.A | FixedReset Disc | -26.96 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-09-14 Maturity Price : 14.11 Evaluated at bid price : 14.11 Bid-YTW : 12.34 % |
| MFC.PR.N | FixedReset Ins Non | -2.69 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-09-14 Maturity Price : 16.30 Evaluated at bid price : 16.30 Bid-YTW : 9.29 % |
| BIP.PR.E | FixedReset Disc | -1.51 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-09-14 Maturity Price : 19.60 Evaluated at bid price : 19.60 Bid-YTW : 8.83 % |
| FTS.PR.K | FixedReset Disc | -1.15 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-09-14 Maturity Price : 16.31 Evaluated at bid price : 16.31 Bid-YTW : 9.33 % |
| MFC.PR.M | FixedReset Ins Non | -1.14 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-09-14 Maturity Price : 16.50 Evaluated at bid price : 16.50 Bid-YTW : 9.36 % |
| TD.PF.M | FixedReset Disc | -1.06 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-09-14 Maturity Price : 22.72 Evaluated at bid price : 23.30 Bid-YTW : 8.09 % |
| BMO.PR.F | FixedReset Disc | -1.06 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-09-14 Maturity Price : 22.75 Evaluated at bid price : 23.40 Bid-YTW : 8.00 % |
| BMO.PR.E | FixedReset Disc | -1.01 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-09-14 Maturity Price : 21.53 Evaluated at bid price : 21.53 Bid-YTW : 7.87 % |
| FTS.PR.J | Perpetual-Discount | 1.04 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-09-14 Maturity Price : 18.46 Evaluated at bid price : 18.46 Bid-YTW : 6.50 % |
| NA.PR.S | FixedReset Disc | 1.05 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-09-14 Maturity Price : 17.35 Evaluated at bid price : 17.35 Bid-YTW : 9.23 % |
| TD.PF.E | FixedReset Disc | 1.10 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-09-14 Maturity Price : 17.50 Evaluated at bid price : 17.50 Bid-YTW : 9.11 % |
| BN.PR.T | FixedReset Disc | 1.16 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-09-14 Maturity Price : 12.90 Evaluated at bid price : 12.90 Bid-YTW : 10.78 % |
| PVS.PR.J | SplitShare | 1.18 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2028-02-29 Maturity Price : 25.00 Evaluated at bid price : 22.36 Bid-YTW : 7.28 % |
| CM.PR.S | FixedReset Disc | 1.29 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-09-14 Maturity Price : 20.46 Evaluated at bid price : 20.46 Bid-YTW : 7.81 % |
| IFC.PR.A | FixedReset Ins Non | 1.30 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-09-14 Maturity Price : 15.48 Evaluated at bid price : 15.48 Bid-YTW : 8.82 % |
| BN.PR.Z | FixedReset Disc | 1.31 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-09-14 Maturity Price : 17.45 Evaluated at bid price : 17.45 Bid-YTW : 9.60 % |
| BN.PF.F | FixedReset Disc | 1.32 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-09-14 Maturity Price : 16.04 Evaluated at bid price : 16.04 Bid-YTW : 10.43 % |
| BN.PR.R | FixedReset Disc | 1.49 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-09-14 Maturity Price : 12.87 Evaluated at bid price : 12.87 Bid-YTW : 10.88 % |
| NA.PR.C | FixedReset Disc | 1.67 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-09-14 Maturity Price : 23.01 Evaluated at bid price : 24.40 Bid-YTW : 7.56 % |
| IFC.PR.K | Perpetual-Discount | 1.71 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-09-14 Maturity Price : 19.20 Evaluated at bid price : 19.20 Bid-YTW : 6.87 % |
| POW.PR.A | Perpetual-Discount | 1.77 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-09-14 Maturity Price : 20.66 Evaluated at bid price : 20.66 Bid-YTW : 6.92 % |
| BN.PF.D | Perpetual-Discount | 1.84 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-09-14 Maturity Price : 16.62 Evaluated at bid price : 16.62 Bid-YTW : 7.41 % |
| BN.PF.H | FixedReset Disc | 1.86 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-09-14 Maturity Price : 19.50 Evaluated at bid price : 19.50 Bid-YTW : 9.71 % |
| PVS.PR.K | SplitShare | 2.12 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2029-05-31 Maturity Price : 25.00 Evaluated at bid price : 21.65 Bid-YTW : 7.43 % |
| BN.PF.E | FixedReset Disc | 3.78 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-09-14 Maturity Price : 14.15 Evaluated at bid price : 14.15 Bid-YTW : 10.85 % |
| Volume Highlights | |||
| Issue | Index | Shares Traded |
Notes |
| POW.PR.D | Perpetual-Discount | 49,358 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-09-14 Maturity Price : 18.43 Evaluated at bid price : 18.43 Bid-YTW : 6.93 % |
| BNS.PR.I | FixedReset Disc | 36,593 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-09-14 Maturity Price : 20.20 Evaluated at bid price : 20.20 Bid-YTW : 8.09 % |
| TD.PF.B | FixedReset Disc | 33,950 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-09-14 Maturity Price : 17.17 Evaluated at bid price : 17.17 Bid-YTW : 9.07 % |
| RY.PR.H | FixedReset Disc | 33,841 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-09-14 Maturity Price : 16.90 Evaluated at bid price : 16.90 Bid-YTW : 9.14 % |
| RY.PR.Z | FixedReset Disc | 32,931 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-09-14 Maturity Price : 17.06 Evaluated at bid price : 17.06 Bid-YTW : 9.08 % |
| BMO.PR.W | FixedReset Disc | 32,569 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-09-14 Maturity Price : 16.34 Evaluated at bid price : 16.34 Bid-YTW : 9.33 % |
| There were 21 other index-included issues trading in excess of 10,000 shares. | |||
| Wide Spread Highlights | ||
| Issue | Index | Quote Data and Yield Notes |
| BN.PF.A | FixedReset Disc | Quote: 14.11 – 20.05 Spot Rate : 5.9400 Average : 3.2771 YTW SCENARIO |
| MFC.PR.B | Insurance Straight | Quote: 17.10 – 19.50 Spot Rate : 2.4000 Average : 1.3044 YTW SCENARIO |
| CU.PR.J | Perpetual-Discount | Quote: 17.30 – 20.00 Spot Rate : 2.7000 Average : 1.7069 YTW SCENARIO |
| MFC.PR.J | FixedReset Ins Non | Quote: 19.80 – 21.92 Spot Rate : 2.1200 Average : 1.2227 YTW SCENARIO |
| CU.PR.I | FixedReset Disc | Quote: 20.75 – 22.50 Spot Rate : 1.7500 Average : 1.2669 YTW SCENARIO |
| RY.PR.H | FixedReset Disc | Quote: 16.90 – 17.76 Spot Rate : 0.8600 Average : 0.5155 YTW SCENARIO |
ECB think they are done hiking…
“Based on its current assessment, the Governing Council considers that the key ECB interest rates have reached levels that, maintained for a sufficiently long duration, will make a substantial contribution to the timely return of inflation to the target.”