A quiet day, overall, for the Canadian preferred share market. But we did manage another trifecta of new 52-week lows for TXPR, CPD and ZPR!
| 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 | 0.1406 % | 2,064.9 |
| FixedFloater | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.1406 % | 3,960.5 |
| Floater | 11.79 % | 12.04 % | 53,697 | 8.10 | 2 | 0.1406 % | 2,282.4 |
| OpRet | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.4446 % | 3,281.5 |
| SplitShare | 5.10 % | 8.66 % | 42,926 | 1.87 | 7 | 0.4446 % | 3,918.8 |
| Interest-Bearing | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.4446 % | 3,057.6 |
| Perpetual-Premium | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.8331 % | 2,339.6 |
| Perpetual-Discount | 7.34 % | 7.49 % | 49,054 | 11.98 | 31 | -0.8331 % | 2,551.2 |
| FixedReset Disc | 6.34 % | 9.67 % | 112,276 | 10.38 | 55 | -0.2807 % | 2,015.6 |
| Insurance Straight | 7.17 % | 7.35 % | 62,384 | 12.10 | 16 | -0.4850 % | 2,508.0 |
| FloatingReset | 11.61 % | 11.88 % | 32,174 | 8.20 | 1 | -0.2789 % | 2,300.0 |
| FixedReset Prem | 4.75 % | 4.53 % | 386,876 | 0.09 | 1 | 0.0400 % | 2,302.8 |
| FixedReset Bank Non | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.2807 % | 2,060.3 |
| FixedReset Ins Non | 6.48 % | 9.34 % | 71,292 | 10.57 | 14 | -0.1933 % | 2,193.4 |
| Performance Highlights | |||
| Issue | Index | Change | Notes |
| PWF.PR.K | Perpetual-Discount | -5.09 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-10-26 Maturity Price : 15.85 Evaluated at bid price : 15.85 Bid-YTW : 7.87 % |
| GWO.PR.L | Insurance Straight | -5.03 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-10-26 Maturity Price : 18.52 Evaluated at bid price : 18.52 Bid-YTW : 7.75 % |
| BN.PF.G | FixedReset Disc | -4.54 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-10-26 Maturity Price : 13.25 Evaluated at bid price : 13.25 Bid-YTW : 12.44 % |
| TD.PF.D | FixedReset Disc | -4.17 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-10-26 Maturity Price : 16.10 Evaluated at bid price : 16.10 Bid-YTW : 10.17 % |
| GWO.PR.M | Insurance Straight | -4.00 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-10-26 Maturity Price : 19.20 Evaluated at bid price : 19.20 Bid-YTW : 7.67 % |
| BN.PF.I | FixedReset Disc | -3.86 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-10-26 Maturity Price : 16.20 Evaluated at bid price : 16.20 Bid-YTW : 11.35 % |
| IFC.PR.K | Perpetual-Discount | -3.57 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-10-26 Maturity Price : 17.84 Evaluated at bid price : 17.84 Bid-YTW : 7.47 % |
| PWF.PR.T | FixedReset Disc | -2.98 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-10-26 Maturity Price : 18.53 Evaluated at bid price : 18.53 Bid-YTW : 9.01 % |
| BN.PR.X | FixedReset Disc | -2.97 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-10-26 Maturity Price : 11.76 Evaluated at bid price : 11.76 Bid-YTW : 12.08 % |
| POW.PR.D | Perpetual-Discount | -2.32 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-10-26 Maturity Price : 16.85 Evaluated at bid price : 16.85 Bid-YTW : 7.50 % |
| NA.PR.G | FixedReset Disc | -2.08 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-10-26 Maturity Price : 21.37 Evaluated at bid price : 21.64 Bid-YTW : 8.14 % |
| MFC.PR.M | FixedReset Ins Non | -2.08 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-10-26 Maturity Price : 16.50 Evaluated at bid price : 16.50 Bid-YTW : 9.82 % |
| POW.PR.A | Perpetual-Discount | -1.83 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-10-26 Maturity Price : 18.80 Evaluated at bid price : 18.80 Bid-YTW : 7.53 % |
| BN.PR.N | Perpetual-Discount | -1.75 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-10-26 Maturity Price : 15.13 Evaluated at bid price : 15.13 Bid-YTW : 7.98 % |
| BN.PR.M | Perpetual-Discount | -1.68 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-10-26 Maturity Price : 15.20 Evaluated at bid price : 15.20 Bid-YTW : 7.94 % |
| FTS.PR.F | Perpetual-Discount | -1.58 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-10-26 Maturity Price : 18.01 Evaluated at bid price : 18.01 Bid-YTW : 6.94 % |
| PWF.PR.H | Perpetual-Discount | -1.54 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-10-26 Maturity Price : 19.20 Evaluated at bid price : 19.20 Bid-YTW : 7.55 % |
| BMO.PR.W | FixedReset Disc | -1.49 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-10-26 Maturity Price : 16.50 Evaluated at bid price : 16.50 Bid-YTW : 9.69 % |
| PWF.PR.O | Perpetual-Discount | -1.43 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-10-26 Maturity Price : 19.30 Evaluated at bid price : 19.30 Bid-YTW : 7.57 % |
| SLF.PR.G | FixedReset Ins Non | -1.35 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-10-26 Maturity Price : 12.45 Evaluated at bid price : 12.45 Bid-YTW : 10.43 % |
| TD.PF.A | FixedReset Disc | -1.30 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-10-26 Maturity Price : 16.68 Evaluated at bid price : 16.68 Bid-YTW : 9.51 % |
| GWO.PR.Q | Insurance Straight | -1.25 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-10-26 Maturity Price : 17.40 Evaluated at bid price : 17.40 Bid-YTW : 7.51 % |
| MFC.PR.N | FixedReset Ins Non | -1.23 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-10-26 Maturity Price : 16.10 Evaluated at bid price : 16.10 Bid-YTW : 9.85 % |
| MFC.PR.F | FixedReset Ins Non | -1.22 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-10-26 Maturity Price : 12.11 Evaluated at bid price : 12.11 Bid-YTW : 10.32 % |
| CU.PR.C | FixedReset Disc | -1.20 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-10-26 Maturity Price : 16.40 Evaluated at bid price : 16.40 Bid-YTW : 9.73 % |
| PWF.PR.E | Perpetual-Discount | -1.19 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-10-26 Maturity Price : 18.33 Evaluated at bid price : 18.33 Bid-YTW : 7.56 % |
| BN.PF.E | FixedReset Disc | -1.17 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-10-26 Maturity Price : 13.55 Evaluated at bid price : 13.55 Bid-YTW : 11.84 % |
| CU.PR.E | Perpetual-Discount | -1.13 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-10-26 Maturity Price : 17.45 Evaluated at bid price : 17.45 Bid-YTW : 7.17 % |
| BMO.PR.T | FixedReset Disc | -1.12 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-10-26 Maturity Price : 16.71 Evaluated at bid price : 16.71 Bid-YTW : 9.67 % |
| CU.PR.D | Perpetual-Discount | -1.07 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-10-26 Maturity Price : 17.50 Evaluated at bid price : 17.50 Bid-YTW : 7.15 % |
| FTS.PR.J | Perpetual-Discount | 1.01 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-10-26 Maturity Price : 17.07 Evaluated at bid price : 17.07 Bid-YTW : 7.10 % |
| RY.PR.Z | FixedReset Disc | 1.09 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-10-26 Maturity Price : 17.70 Evaluated at bid price : 17.70 Bid-YTW : 9.06 % |
| BN.PF.B | FixedReset Disc | 1.20 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-10-26 Maturity Price : 16.90 Evaluated at bid price : 16.90 Bid-YTW : 10.19 % |
| GWO.PR.S | Insurance Straight | 1.23 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-10-26 Maturity Price : 17.25 Evaluated at bid price : 17.25 Bid-YTW : 7.73 % |
| BN.PF.H | FixedReset Disc | 1.35 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-10-26 Maturity Price : 18.75 Evaluated at bid price : 18.75 Bid-YTW : 10.46 % |
| PVS.PR.K | SplitShare | 1.50 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2029-05-31 Maturity Price : 25.00 Evaluated at bid price : 20.25 Bid-YTW : 9.04 % |
| TD.PF.B | FixedReset Disc | 1.51 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-10-26 Maturity Price : 17.43 Evaluated at bid price : 17.43 Bid-YTW : 9.24 % |
| GWO.PR.I | Insurance Straight | 1.61 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-10-26 Maturity Price : 15.75 Evaluated at bid price : 15.75 Bid-YTW : 7.25 % |
| SLF.PR.H | FixedReset Ins Non | 1.66 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-10-26 Maturity Price : 15.27 Evaluated at bid price : 15.27 Bid-YTW : 9.34 % |
| PVS.PR.J | SplitShare | 1.90 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2028-02-29 Maturity Price : 25.00 Evaluated at bid price : 21.40 Bid-YTW : 8.66 % |
| MFC.PR.C | Insurance Straight | 2.09 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-10-26 Maturity Price : 16.59 Evaluated at bid price : 16.59 Bid-YTW : 6.89 % |
| MFC.PR.L | FixedReset Ins Non | 2.11 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-10-26 Maturity Price : 16.95 Evaluated at bid price : 16.95 Bid-YTW : 9.47 % |
| CU.PR.I | FixedReset Disc | 2.48 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-10-26 Maturity Price : 19.81 Evaluated at bid price : 19.81 Bid-YTW : 9.48 % |
| BNS.PR.I | FixedReset Disc | 3.83 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-10-26 Maturity Price : 20.87 Evaluated at bid price : 20.87 Bid-YTW : 8.07 % |
| CIU.PR.A | Perpetual-Discount | 4.75 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-10-26 Maturity Price : 15.87 Evaluated at bid price : 15.87 Bid-YTW : 7.40 % |
| Volume Highlights | |||
| Issue | Index | Shares Traded |
Notes |
| CU.PR.E | Perpetual-Discount | 97,833 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-10-26 Maturity Price : 17.45 Evaluated at bid price : 17.45 Bid-YTW : 7.17 % |
| BN.PF.I | FixedReset Disc | 74,610 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-10-26 Maturity Price : 16.20 Evaluated at bid price : 16.20 Bid-YTW : 11.35 % |
| IFC.PR.G | FixedReset Ins Non | 53,647 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-10-26 Maturity Price : 19.16 Evaluated at bid price : 19.16 Bid-YTW : 8.67 % |
| RY.PR.M | FixedReset Disc | 47,820 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-10-26 Maturity Price : 15.70 Evaluated at bid price : 15.70 Bid-YTW : 9.95 % |
| CU.PR.J | Perpetual-Discount | 43,262 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-10-26 Maturity Price : 16.62 Evaluated at bid price : 16.62 Bid-YTW : 7.30 % |
| MFC.PR.B | Insurance Straight | 40,437 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-10-26 Maturity Price : 16.90 Evaluated at bid price : 16.90 Bid-YTW : 6.99 % |
| There were 34 other index-included issues trading in excess of 10,000 shares. | |||
| Wide Spread Highlights | ||
| Issue | Index | Quote Data and Yield Notes |
| IFC.PR.C | FixedReset Ins Non | Quote: 16.30 – 18.75 Spot Rate : 2.4500 Average : 1.3669 YTW SCENARIO |
| BIP.PR.E | FixedReset Disc | Quote: 17.97 – 20.10 Spot Rate : 2.1300 Average : 1.3558 YTW SCENARIO |
| POW.PR.A | Perpetual-Discount | Quote: 18.80 – 20.10 Spot Rate : 1.3000 Average : 0.7644 YTW SCENARIO |
| MFC.PR.K | FixedReset Ins Non | Quote: 18.61 – 19.85 Spot Rate : 1.2400 Average : 0.7807 YTW SCENARIO |
| GWO.PR.L | Insurance Straight | Quote: 18.52 – 19.52 Spot Rate : 1.0000 Average : 0.5838 YTW SCENARIO |
| GWO.PR.M | Insurance Straight | Quote: 19.20 – 20.20 Spot Rate : 1.0000 Average : 0.6244 YTW SCENARIO |