Well, the jobs numbers come out tomorrow and we will see what we will see! Could be a wild one … could be a fizzle. Not knowing is half the fun; not caring is the other half!
| 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 | -0.1610 % | 2,368.1 |
| FixedFloater | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.1610 % | 4,542.0 |
| Floater | 10.16 % | 10.30 % | 44,153 | 9.34 | 1 | -0.1610 % | 2,617.6 |
| OpRet | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.0597 % | 3,435.6 |
| SplitShare | 4.90 % | 7.11 % | 34,021 | 1.79 | 7 | -0.0597 % | 4,102.9 |
| Interest-Bearing | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.0597 % | 3,201.2 |
| Perpetual-Premium | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.1149 % | 2,665.8 |
| Perpetual-Discount | 6.45 % | 6.64 % | 46,396 | 12.99 | 29 | 0.1149 % | 2,907.0 |
| FixedReset Disc | 5.32 % | 7.02 % | 107,723 | 12.12 | 57 | 0.1271 % | 2,504.1 |
| Insurance Straight | 6.38 % | 6.54 % | 49,773 | 13.17 | 21 | 0.1973 % | 2,843.9 |
| FloatingReset | 9.88 % | 9.81 % | 33,695 | 9.72 | 2 | -0.1871 % | 2,626.5 |
| FixedReset Prem | 6.37 % | 6.52 % | 236,053 | 4.19 | 3 | -0.2767 % | 2,525.9 |
| FixedReset Bank Non | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.1271 % | 2,559.7 |
| FixedReset Ins Non | 5.43 % | 7.36 % | 74,072 | 12.35 | 14 | 0.2032 % | 2,618.1 |
| Performance Highlights | |||
| Issue | Index | Change | Notes |
| MFC.PR.C | Insurance Straight | -1.82 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-04-04 Maturity Price : 18.30 Evaluated at bid price : 18.30 Bid-YTW : 6.21 % |
| BIK.PR.A | FixedReset Disc | -1.76 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-04-04 Maturity Price : 22.99 Evaluated at bid price : 24.51 Bid-YTW : 7.82 % |
| MFC.PR.I | FixedReset Ins Non | -1.56 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-04-04 Maturity Price : 21.76 Evaluated at bid price : 22.05 Bid-YTW : 7.34 % |
| BN.PF.J | FixedReset Disc | -1.23 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-04-04 Maturity Price : 20.91 Evaluated at bid price : 20.91 Bid-YTW : 8.02 % |
| GWO.PR.T | Insurance Straight | -1.01 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-04-04 Maturity Price : 19.53 Evaluated at bid price : 19.53 Bid-YTW : 6.65 % |
| BN.PF.G | FixedReset Disc | 1.04 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-04-04 Maturity Price : 17.57 Evaluated at bid price : 17.57 Bid-YTW : 8.96 % |
| NA.PR.C | FixedReset Prem | 1.05 % | YTW SCENARIO Maturity Type : Call Maturity Date : 2027-11-15 Maturity Price : 25.00 Evaluated at bid price : 25.36 Bid-YTW : 6.38 % |
| RY.PR.O | Perpetual-Discount | 1.09 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-04-04 Maturity Price : 22.03 Evaluated at bid price : 22.31 Bid-YTW : 5.55 % |
| BN.PR.T | FixedReset Disc | 1.17 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-04-04 Maturity Price : 15.55 Evaluated at bid price : 15.55 Bid-YTW : 8.94 % |
| BN.PR.R | FixedReset Disc | 1.18 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-04-04 Maturity Price : 15.40 Evaluated at bid price : 15.40 Bid-YTW : 9.04 % |
| BN.PF.I | FixedReset Disc | 1.20 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-04-04 Maturity Price : 21.05 Evaluated at bid price : 21.05 Bid-YTW : 8.47 % |
| CU.PR.I | FixedReset Disc | 1.48 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-04-04 Maturity Price : 22.26 Evaluated at bid price : 22.61 Bid-YTW : 7.89 % |
| NA.PR.G | FixedReset Prem | 1.55 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-04-04 Maturity Price : 23.22 Evaluated at bid price : 25.10 Bid-YTW : 6.52 % |
| SLF.PR.H | FixedReset Ins Non | 1.94 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-04-04 Maturity Price : 18.40 Evaluated at bid price : 18.40 Bid-YTW : 7.36 % |
| FTS.PR.H | FixedReset Disc | 2.09 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-04-04 Maturity Price : 15.13 Evaluated at bid price : 15.13 Bid-YTW : 8.16 % |
| TD.PF.A | FixedReset Disc | 2.39 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-04-04 Maturity Price : 22.84 Evaluated at bid price : 23.55 Bid-YTW : 6.25 % |
| POW.PR.A | Perpetual-Discount | 3.90 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-04-04 Maturity Price : 21.30 Evaluated at bid price : 21.30 Bid-YTW : 6.61 % |
| GWO.PR.M | Insurance Straight | 4.57 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-04-04 Maturity Price : 22.15 Evaluated at bid price : 22.43 Bid-YTW : 6.51 % |
| Volume Highlights | |||
| Issue | Index | Shares Traded |
Notes |
| CM.PR.O | FixedReset Disc | 96,147 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-04-04 Maturity Price : 22.62 Evaluated at bid price : 23.70 Bid-YTW : 6.25 % |
| BMO.PR.F | FixedReset Disc | 84,100 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-04-04 Maturity Price : 24.19 Evaluated at bid price : 25.05 Bid-YTW : 7.27 % |
| CM.PR.Y | FixedReset Disc | 59,200 | YTW SCENARIO Maturity Type : Call Maturity Date : 2024-07-31 Maturity Price : 25.00 Evaluated at bid price : 24.80 Bid-YTW : 6.69 % |
| RY.PR.Z | FixedReset Disc | 51,062 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-04-04 Maturity Price : 22.08 Evaluated at bid price : 22.67 Bid-YTW : 6.57 % |
| BN.PF.G | FixedReset Disc | 41,548 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-04-04 Maturity Price : 17.57 Evaluated at bid price : 17.57 Bid-YTW : 8.96 % |
| FFH.PR.I | FixedReset Disc | 36,245 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-04-04 Maturity Price : 17.90 Evaluated at bid price : 17.90 Bid-YTW : 8.64 % |
| There were 17 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: 15.40 – 16.10 Spot Rate : 0.7000 Average : 0.4409 YTW SCENARIO |
| MFC.PR.N | FixedReset Ins Non | Quote: 19.70 – 20.50 Spot Rate : 0.8000 Average : 0.5615 YTW SCENARIO |
| MFC.PR.C | Insurance Straight | Quote: 18.30 – 18.94 Spot Rate : 0.6400 Average : 0.4205 YTW SCENARIO |
| GWO.PR.T | Insurance Straight | Quote: 19.53 – 20.01 Spot Rate : 0.4800 Average : 0.3019 YTW SCENARIO |
| IFC.PR.A | FixedReset Ins Non | Quote: 17.59 – 18.50 Spot Rate : 0.9100 Average : 0.7775 YTW SCENARIO |
| MFC.PR.M | FixedReset Ins Non | Quote: 20.07 – 20.65 Spot Rate : 0.5800 Average : 0.4714 YTW SCENARIO |
we got both. fizzle in Canada and wild in the US. now everyone’s happy. lol