| 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 | 0.8130 % | 2,368.1 |
| FixedFloater | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.8130 % | 4,542.0 |
| Floater | 10.16 % | 10.48 % | 44,013 | 9.05 | 1 | 0.8130 % | 2,617.6 |
| OpRet | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.0363 % | 3,394.4 |
| SplitShare | 4.96 % | 7.37 % | 48,451 | 1.87 | 7 | 0.0363 % | 4,053.6 |
| Interest-Bearing | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.0363 % | 3,162.8 |
| Perpetual-Premium | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.0594 % | 2,633.1 |
| Perpetual-Discount | 6.53 % | 6.71 % | 47,321 | 12.88 | 31 | 0.0594 % | 2,871.3 |
| FixedReset Disc | 5.48 % | 7.28 % | 116,850 | 12.32 | 59 | 0.9110 % | 2,412.4 |
| Insurance Straight | 6.36 % | 6.55 % | 62,002 | 13.15 | 22 | 0.5069 % | 2,825.1 |
| FloatingReset | 9.98 % | 10.19 % | 35,133 | 9.38 | 3 | 0.1135 % | 2,593.5 |
| FixedReset Prem | 7.02 % | 7.01 % | 154,395 | 12.35 | 1 | -0.2789 % | 2,487.5 |
| FixedReset Bank Non | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.9110 % | 2,466.0 |
| FixedReset Ins Non | 5.54 % | 7.37 % | 75,460 | 12.20 | 14 | 0.2149 % | 2,566.1 |
| Performance Highlights | |||
| Issue | Index | Change | Notes |
| MFC.PR.Q | FixedReset Ins Non | -3.96 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-03-04 Maturity Price : 20.60 Evaluated at bid price : 20.60 Bid-YTW : 7.40 % |
| GWO.PR.G | Insurance Straight | -2.31 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-03-04 Maturity Price : 19.42 Evaluated at bid price : 19.42 Bid-YTW : 6.71 % |
| RY.PR.O | Perpetual-Discount | -2.12 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-03-04 Maturity Price : 21.45 Evaluated at bid price : 21.73 Bid-YTW : 5.67 % |
| MFC.PR.F | FixedReset Ins Non | -2.05 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-03-04 Maturity Price : 14.35 Evaluated at bid price : 14.35 Bid-YTW : 7.97 % |
| BIP.PR.A | FixedReset Disc | -1.82 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-03-04 Maturity Price : 17.77 Evaluated at bid price : 17.77 Bid-YTW : 9.63 % |
| BN.PF.I | FixedReset Disc | -1.72 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-03-04 Maturity Price : 20.00 Evaluated at bid price : 20.00 Bid-YTW : 8.87 % |
| BIP.PR.E | FixedReset Disc | -1.55 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-03-04 Maturity Price : 20.92 Evaluated at bid price : 20.92 Bid-YTW : 7.89 % |
| IFC.PR.G | FixedReset Ins Non | -1.38 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-03-04 Maturity Price : 21.50 Evaluated at bid price : 21.50 Bid-YTW : 7.24 % |
| BIK.PR.A | FixedReset Disc | -1.21 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-03-04 Maturity Price : 22.66 Evaluated at bid price : 23.76 Bid-YTW : 7.90 % |
| IFC.PR.K | Insurance Straight | -1.17 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-03-04 Maturity Price : 20.21 Evaluated at bid price : 20.21 Bid-YTW : 6.64 % |
| CU.PR.G | Perpetual-Discount | -1.09 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-03-04 Maturity Price : 17.21 Evaluated at bid price : 17.21 Bid-YTW : 6.59 % |
| FTS.PR.J | Perpetual-Discount | -1.05 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-03-04 Maturity Price : 18.90 Evaluated at bid price : 18.90 Bid-YTW : 6.34 % |
| BN.PR.Z | FixedReset Disc | -1.01 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-03-04 Maturity Price : 19.55 Evaluated at bid price : 19.55 Bid-YTW : 8.39 % |
| SLF.PR.C | Insurance Straight | -1.01 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-03-04 Maturity Price : 18.71 Evaluated at bid price : 18.71 Bid-YTW : 5.96 % |
| MFC.PR.K | FixedReset Ins Non | 1.05 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-03-04 Maturity Price : 21.76 Evaluated at bid price : 22.15 Bid-YTW : 6.72 % |
| CM.PR.S | FixedReset Disc | 1.13 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-03-04 Maturity Price : 22.40 Evaluated at bid price : 22.40 Bid-YTW : 6.78 % |
| FTS.PR.G | FixedReset Disc | 1.14 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-03-04 Maturity Price : 21.25 Evaluated at bid price : 21.25 Bid-YTW : 6.90 % |
| ELF.PR.H | Perpetual-Discount | 1.18 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-03-04 Maturity Price : 21.45 Evaluated at bid price : 21.45 Bid-YTW : 6.53 % |
| NA.PR.E | FixedReset Disc | 1.23 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-03-04 Maturity Price : 21.86 Evaluated at bid price : 22.27 Bid-YTW : 6.86 % |
| BN.PR.M | Perpetual-Discount | 1.31 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-03-04 Maturity Price : 17.80 Evaluated at bid price : 17.80 Bid-YTW : 6.82 % |
| CM.PR.O | FixedReset Disc | 1.32 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-03-04 Maturity Price : 21.84 Evaluated at bid price : 22.31 Bid-YTW : 6.58 % |
| FTS.PR.K | FixedReset Disc | 1.35 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-03-04 Maturity Price : 18.80 Evaluated at bid price : 18.80 Bid-YTW : 7.53 % |
| POW.PR.D | Perpetual-Discount | 1.57 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-03-04 Maturity Price : 19.40 Evaluated at bid price : 19.40 Bid-YTW : 6.56 % |
| RY.PR.Z | FixedReset Disc | 1.57 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-03-04 Maturity Price : 21.62 Evaluated at bid price : 21.98 Bid-YTW : 6.61 % |
| SLF.PR.H | FixedReset Ins Non | 1.66 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-03-04 Maturity Price : 18.40 Evaluated at bid price : 18.40 Bid-YTW : 7.17 % |
| TD.PF.A | FixedReset Disc | 1.67 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-03-04 Maturity Price : 21.94 Evaluated at bid price : 22.49 Bid-YTW : 6.42 % |
| NA.PR.S | FixedReset Disc | 1.80 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-03-04 Maturity Price : 21.48 Evaluated at bid price : 21.48 Bid-YTW : 7.02 % |
| TD.PF.C | FixedReset Disc | 1.84 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-03-04 Maturity Price : 21.00 Evaluated at bid price : 21.00 Bid-YTW : 6.89 % |
| MFC.PR.M | FixedReset Ins Non | 1.90 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-03-04 Maturity Price : 19.35 Evaluated at bid price : 19.35 Bid-YTW : 7.57 % |
| SLF.PR.G | FixedReset Ins Non | 2.14 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-03-04 Maturity Price : 14.80 Evaluated at bid price : 14.80 Bid-YTW : 7.97 % |
| RY.PR.H | FixedReset Disc | 2.18 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-03-04 Maturity Price : 21.10 Evaluated at bid price : 21.10 Bid-YTW : 6.92 % |
| BMO.PR.W | FixedReset Disc | 2.22 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-03-04 Maturity Price : 20.75 Evaluated at bid price : 20.75 Bid-YTW : 6.95 % |
| TD.PF.B | FixedReset Disc | 2.39 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-03-04 Maturity Price : 22.34 Evaluated at bid price : 23.15 Bid-YTW : 6.30 % |
| BN.PF.F | FixedReset Disc | 2.46 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-03-04 Maturity Price : 19.16 Evaluated at bid price : 19.16 Bid-YTW : 8.45 % |
| NA.PR.W | FixedReset Disc | 2.55 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-03-04 Maturity Price : 19.70 Evaluated at bid price : 19.70 Bid-YTW : 7.32 % |
| BMO.PR.T | FixedReset Disc | 2.84 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-03-04 Maturity Price : 21.41 Evaluated at bid price : 21.70 Bid-YTW : 6.69 % |
| GWO.PR.N | FixedReset Ins Non | 3.69 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-03-04 Maturity Price : 14.05 Evaluated at bid price : 14.05 Bid-YTW : 7.99 % |
| CM.PR.Q | FixedReset Disc | 4.03 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-03-04 Maturity Price : 21.43 Evaluated at bid price : 21.43 Bid-YTW : 7.10 % |
| CM.PR.P | FixedReset Disc | 5.52 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-03-04 Maturity Price : 20.26 Evaluated at bid price : 20.26 Bid-YTW : 7.09 % |
| IFC.PR.E | Insurance Straight | 8.92 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-03-04 Maturity Price : 20.15 Evaluated at bid price : 20.15 Bid-YTW : 6.59 % |
| GWO.PR.T | Insurance Straight | 9.97 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-03-04 Maturity Price : 18.75 Evaluated at bid price : 18.75 Bid-YTW : 6.88 % |
| TD.PF.E | FixedReset Disc | 14.07 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-03-04 Maturity Price : 21.16 Evaluated at bid price : 21.16 Bid-YTW : 7.28 % |
| Volume Highlights | |||
| Issue | Index | Shares Traded |
Notes |
| CM.PR.O | FixedReset Disc | 166,000 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-03-04 Maturity Price : 21.84 Evaluated at bid price : 22.31 Bid-YTW : 6.58 % |
| BMO.PR.T | FixedReset Disc | 116,000 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-03-04 Maturity Price : 21.41 Evaluated at bid price : 21.70 Bid-YTW : 6.69 % |
| BMO.PR.W | FixedReset Disc | 112,000 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-03-04 Maturity Price : 20.75 Evaluated at bid price : 20.75 Bid-YTW : 6.95 % |
| TD.PF.C | FixedReset Disc | 102,000 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-03-04 Maturity Price : 21.00 Evaluated at bid price : 21.00 Bid-YTW : 6.89 % |
| FTS.PR.H | FixedReset Disc | 82,000 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-03-04 Maturity Price : 13.72 Evaluated at bid price : 13.72 Bid-YTW : 8.71 % |
| RY.PR.J | FixedReset Disc | 81,700 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-03-04 Maturity Price : 21.01 Evaluated at bid price : 21.01 Bid-YTW : 7.29 % |
| There were 13 other index-included issues trading in excess of 10,000 shares. | |||
| Wide Spread Highlights | ||
| Issue | Index | Quote Data and Yield Notes |
| BMO.PR.Y | FixedReset Disc | Quote: 20.79 – 23.47 Spot Rate : 2.6800 Average : 1.7401 YTW SCENARIO |
| GWO.PR.Y | Insurance Straight | Quote: 16.50 – 18.32 Spot Rate : 1.8200 Average : 1.2733 YTW SCENARIO |
| MFC.PR.Q | FixedReset Ins Non | Quote: 20.60 – 21.60 Spot Rate : 1.0000 Average : 0.6170 YTW SCENARIO |
| BN.PF.G | FixedReset Disc | Quote: 17.25 – 17.95 Spot Rate : 0.7000 Average : 0.4549 YTW SCENARIO |
| NA.PR.W | FixedReset Disc | Quote: 19.70 – 20.38 Spot Rate : 0.6800 Average : 0.4709 YTW SCENARIO |
| GWO.PR.G | Insurance Straight | Quote: 19.42 – 20.01 Spot Rate : 0.5900 Average : 0.4428 YTW SCENARIO |
It looks like aqn.d is to reset at 6.853%.
https://www.newswire.ca/news-releases/algonquin-power-amp-utilities-corp-announces-dividend-rates-on-cumulative-rate-reset-preferred-shares-series-d-and-cumulative-floating-rate-preferred-shares-series-e-889090077.html
Not sure if everyone was aware of these recent BMO and CIBC issuances:
https://newsroom.bmo.com/2024-02-29-Bank-of-Montreal-Announces-AT1-Limited-Recourse-Capital-Notes-Issue
https://cibc.mediaroom.com/2024-03-05-CIBC-to-Issue-Institutional-NVCC-Preferred-Shares