| 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 | -0.2836 % | 2,038.8 |
| FixedFloater | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.2836 % | 3,910.4 |
| Floater | 11.94 % | 12.24 % | 36,892 | 7.97 | 2 | -0.2836 % | 2,253.6 |
| OpRet | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.2180 % | 3,291.5 |
| SplitShare | 5.08 % | 8.56 % | 42,087 | 1.87 | 7 | 0.2180 % | 3,930.8 |
| Interest-Bearing | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.2180 % | 3,066.9 |
| Perpetual-Premium | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.0666 % | 2,345.8 |
| Perpetual-Discount | 7.32 % | 7.47 % | 48,850 | 11.99 | 31 | 0.0666 % | 2,558.0 |
| FixedReset Disc | 6.33 % | 9.37 % | 113,590 | 10.49 | 55 | -0.0822 % | 2,019.6 |
| Insurance Straight | 7.11 % | 7.33 % | 61,121 | 12.12 | 16 | 0.3440 % | 2,528.2 |
| FloatingReset | 11.57 % | 11.85 % | 30,502 | 8.21 | 1 | -0.0705 % | 2,280.7 |
| FixedReset Prem | 4.75 % | 5.12 % | 380,257 | 0.08 | 1 | 0.0000 % | 2,302.8 |
| FixedReset Bank Non | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.0822 % | 2,064.4 |
| FixedReset Ins Non | 6.47 % | 9.31 % | 75,400 | 10.64 | 14 | 0.0924 % | 2,196.8 |
| Performance Highlights | |||
| Issue | Index | Change | Notes |
| BN.PF.I | FixedReset Disc | -2.96 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-10-30 Maturity Price : 16.42 Evaluated at bid price : 16.42 Bid-YTW : 11.14 % |
| BN.PF.J | FixedReset Disc | -2.63 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-10-30 Maturity Price : 16.32 Evaluated at bid price : 16.32 Bid-YTW : 10.76 % |
| BN.PF.B | FixedReset Disc | -2.34 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-10-30 Maturity Price : 16.70 Evaluated at bid price : 16.70 Bid-YTW : 10.20 % |
| BN.PF.G | FixedReset Disc | -2.20 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-10-30 Maturity Price : 13.31 Evaluated at bid price : 13.31 Bid-YTW : 12.27 % |
| BN.PF.E | FixedReset Disc | -1.91 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-10-30 Maturity Price : 13.32 Evaluated at bid price : 13.32 Bid-YTW : 11.91 % |
| BN.PF.F | FixedReset Disc | -1.74 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-10-30 Maturity Price : 15.23 Evaluated at bid price : 15.23 Bid-YTW : 11.38 % |
| MFC.PR.L | FixedReset Ins Non | -1.30 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-10-30 Maturity Price : 16.65 Evaluated at bid price : 16.65 Bid-YTW : 9.52 % |
| BN.PR.T | FixedReset Disc | -1.24 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-10-30 Maturity Price : 11.90 Evaluated at bid price : 11.90 Bid-YTW : 11.98 % |
| SLF.PR.C | Insurance Straight | -1.20 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-10-30 Maturity Price : 16.50 Evaluated at bid price : 16.50 Bid-YTW : 6.84 % |
| FTS.PR.F | Perpetual-Discount | -1.11 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-10-30 Maturity Price : 17.87 Evaluated at bid price : 17.87 Bid-YTW : 7.00 % |
| BN.PF.C | Perpetual-Discount | -1.09 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-10-30 Maturity Price : 15.38 Evaluated at bid price : 15.38 Bid-YTW : 8.02 % |
| BN.PR.X | FixedReset Disc | -1.07 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-10-30 Maturity Price : 12.00 Evaluated at bid price : 12.00 Bid-YTW : 11.74 % |
| BMO.PR.S | FixedReset Disc | -1.06 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-10-30 Maturity Price : 17.80 Evaluated at bid price : 17.80 Bid-YTW : 9.06 % |
| RY.PR.H | FixedReset Disc | -1.03 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-10-30 Maturity Price : 17.22 Evaluated at bid price : 17.22 Bid-YTW : 9.17 % |
| MFC.PR.M | FixedReset Ins Non | -1.03 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-10-30 Maturity Price : 16.37 Evaluated at bid price : 16.37 Bid-YTW : 9.78 % |
| TD.PF.M | FixedReset Disc | 1.02 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-10-30 Maturity Price : 23.24 Evaluated at bid price : 23.88 Bid-YTW : 8.01 % |
| BIP.PR.E | FixedReset Disc | 1.02 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-10-30 Maturity Price : 17.90 Evaluated at bid price : 17.90 Bid-YTW : 9.93 % |
| RY.PR.O | Perpetual-Discount | 1.02 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-10-30 Maturity Price : 19.75 Evaluated at bid price : 19.75 Bid-YTW : 6.22 % |
| MFC.PR.B | Insurance Straight | 1.08 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-10-30 Maturity Price : 16.79 Evaluated at bid price : 16.79 Bid-YTW : 7.05 % |
| GWO.PR.Y | Insurance Straight | 1.10 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-10-30 Maturity Price : 15.60 Evaluated at bid price : 15.60 Bid-YTW : 7.33 % |
| CM.PR.S | FixedReset Disc | 1.12 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-10-30 Maturity Price : 18.91 Evaluated at bid price : 18.91 Bid-YTW : 8.52 % |
| PVS.PR.H | SplitShare | 1.14 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2027-02-28 Maturity Price : 25.00 Evaluated at bid price : 22.20 Bid-YTW : 8.95 % |
| FTS.PR.H | FixedReset Disc | 1.22 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-10-30 Maturity Price : 12.40 Evaluated at bid price : 12.40 Bid-YTW : 10.48 % |
| TD.PF.J | FixedReset Disc | 1.30 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-10-30 Maturity Price : 19.45 Evaluated at bid price : 19.45 Bid-YTW : 8.44 % |
| GWO.PR.P | Insurance Straight | 1.44 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-10-30 Maturity Price : 18.26 Evaluated at bid price : 18.26 Bid-YTW : 7.51 % |
| SLF.PR.H | FixedReset Ins Non | 1.54 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-10-30 Maturity Price : 15.15 Evaluated at bid price : 15.15 Bid-YTW : 9.31 % |
| CU.PR.E | Perpetual-Discount | 1.64 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-10-30 Maturity Price : 17.35 Evaluated at bid price : 17.35 Bid-YTW : 7.22 % |
| GWO.PR.Q | Insurance Straight | 1.86 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-10-30 Maturity Price : 17.57 Evaluated at bid price : 17.57 Bid-YTW : 7.45 % |
| BIP.PR.F | FixedReset Disc | 2.39 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-10-30 Maturity Price : 18.01 Evaluated at bid price : 18.01 Bid-YTW : 9.96 % |
| FTS.PR.M | FixedReset Disc | 2.46 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-10-30 Maturity Price : 16.65 Evaluated at bid price : 16.65 Bid-YTW : 9.85 % |
| POW.PR.D | Perpetual-Discount | 2.73 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-10-30 Maturity Price : 16.95 Evaluated at bid price : 16.95 Bid-YTW : 7.47 % |
| IFC.PR.E | Insurance Straight | 2.83 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-10-30 Maturity Price : 18.51 Evaluated at bid price : 18.51 Bid-YTW : 7.13 % |
| CU.PR.F | Perpetual-Discount | 4.89 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-10-30 Maturity Price : 16.10 Evaluated at bid price : 16.10 Bid-YTW : 7.14 % |
| Volume Highlights | |||
| Issue | Index | Shares Traded |
Notes |
| CM.PR.S | FixedReset Disc | 79,426 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-10-30 Maturity Price : 18.91 Evaluated at bid price : 18.91 Bid-YTW : 8.52 % |
| GWO.PR.N | FixedReset Ins Non | 44,500 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-10-30 Maturity Price : 11.85 Evaluated at bid price : 11.85 Bid-YTW : 10.09 % |
| BN.PF.J | FixedReset Disc | 36,578 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-10-30 Maturity Price : 16.32 Evaluated at bid price : 16.32 Bid-YTW : 10.76 % |
| BN.PF.I | FixedReset Disc | 31,500 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-10-30 Maturity Price : 16.42 Evaluated at bid price : 16.42 Bid-YTW : 11.14 % |
| TD.PF.A | FixedReset Disc | 30,100 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-10-30 Maturity Price : 16.75 Evaluated at bid price : 16.75 Bid-YTW : 9.36 % |
| CM.PR.Y | FixedReset Disc | 28,426 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-10-30 Maturity Price : 22.60 Evaluated at bid price : 23.20 Bid-YTW : 8.27 % |
| There were 12 other index-included issues trading in excess of 10,000 shares. | |||
| Wide Spread Highlights | ||
| Issue | Index | Quote Data and Yield Notes |
| BN.PR.R | FixedReset Disc | Quote: 11.83 – 12.80 Spot Rate : 0.9700 Average : 0.5722 YTW SCENARIO |
| TD.PF.C | FixedReset Disc | Quote: 16.05 – 16.95 Spot Rate : 0.9000 Average : 0.5438 YTW SCENARIO |
| BN.PF.C | Perpetual-Discount | Quote: 15.38 – 16.49 Spot Rate : 1.1100 Average : 0.7978 YTW SCENARIO |
| BN.PF.E | FixedReset Disc | Quote: 13.32 – 14.35 Spot Rate : 1.0300 Average : 0.7544 YTW SCENARIO |
| SLF.PR.J | FloatingReset | Quote: 14.18 – 14.88 Spot Rate : 0.7000 Average : 0.4828 YTW SCENARIO |
| BMO.PR.F | FixedReset Disc | Quote: 22.30 – 22.91 Spot Rate : 0.6100 Average : 0.4183 YTW SCENARIO |
interesting day. Preferreds had a good day. Hope it keeps up.
Yeah, lots of prefs popped in the last couple of hours of trading. These two should be announcing their new reset rates in the next day or two: TSE:ENB-N and TSE:PPL-A. Great blog BTW. My first post here.
some buying in the BPO prefs…
Great blog BTW. My first post here.
Welcome to the blog and thanks for the compliment!
PPL.PR.A reset to 6.525%
https://www.pembina.com/media-centre/news/details/346b3cac-5508-477f-b39e-b86b6369e868
I believe the ENB.PR.N was to reset today as well, though I do not see anything on Enbridge’s website as of yet.
ENB.PR.N resets to 6.696%:
https://www.enbridge.com/media-center/news/details?id=123786&lang=en
[…] Thanks to Assiduous Reader CanSiamCyp for bringing this to my attention! […]