A day enlivened by the mostly unexpected extension of TD.PF.A, and the consequently horrible performance of both it and TD.PF.C.
| 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 | 0.0875 % | 2,182.8 |
| FixedFloater | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.0875 % | 4,186.5 |
| Floater | 9.86 % | 9.96 % | 84,593 | 9.62 | 2 | 0.0875 % | 2,412.7 |
| OpRet | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.0305 % | 3,553.0 |
| SplitShare | 4.68 % | 5.31 % | 40,488 | 1.06 | 4 | -0.0305 % | 4,243.1 |
| Interest-Bearing | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.0305 % | 3,310.6 |
| Perpetual-Premium | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.0444 % | 2,925.7 |
| Perpetual-Discount | 5.88 % | 5.98 % | 54,752 | 13.89 | 31 | 0.0444 % | 3,190.3 |
| FixedReset Disc | 5.50 % | 6.62 % | 116,283 | 12.94 | 58 | -0.1900 % | 2,655.6 |
| Insurance Straight | 5.76 % | 5.83 % | 64,750 | 14.18 | 20 | -0.0416 % | 3,139.7 |
| FloatingReset | 8.35 % | 8.42 % | 31,995 | 11.00 | 2 | -0.0522 % | 2,744.1 |
| FixedReset Prem | 6.45 % | 5.55 % | 212,695 | 13.54 | 7 | 0.0780 % | 2,568.7 |
| FixedReset Bank Non | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.1900 % | 2,714.6 |
| FixedReset Ins Non | 5.20 % | 5.95 % | 99,931 | 14.04 | 14 | 0.8539 % | 2,827.3 |
| Performance Highlights | |||
| Issue | Index | Change | Notes |
| TD.PF.A | FixedReset Disc | -7.34 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-09-24 Maturity Price : 22.11 Evaluated at bid price : 22.72 Bid-YTW : 5.53 % |
| TD.PF.C | FixedReset Disc | -5.02 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-09-24 Maturity Price : 22.09 Evaluated at bid price : 22.70 Bid-YTW : 5.53 % |
| SLF.PR.C | Insurance Straight | -4.73 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-09-24 Maturity Price : 19.72 Evaluated at bid price : 19.72 Bid-YTW : 5.68 % |
| TD.PF.D | FixedReset Disc | -4.05 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-09-24 Maturity Price : 22.24 Evaluated at bid price : 23.00 Bid-YTW : 5.92 % |
| RY.PR.M | FixedReset Disc | -3.11 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-09-24 Maturity Price : 22.58 Evaluated at bid price : 23.06 Bid-YTW : 5.66 % |
| MFC.PR.B | Insurance Straight | -2.91 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-09-24 Maturity Price : 20.00 Evaluated at bid price : 20.00 Bid-YTW : 5.86 % |
| MFC.PR.M | FixedReset Ins Non | -2.35 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-09-24 Maturity Price : 21.20 Evaluated at bid price : 21.20 Bid-YTW : 6.06 % |
| MFC.PR.N | FixedReset Ins Non | -1.78 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-09-24 Maturity Price : 20.93 Evaluated at bid price : 20.93 Bid-YTW : 6.04 % |
| BN.PR.N | Perpetual-Discount | -1.63 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-09-24 Maturity Price : 19.32 Evaluated at bid price : 19.32 Bid-YTW : 6.19 % |
| FFH.PR.K | FixedReset Disc | -1.57 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-09-24 Maturity Price : 21.59 Evaluated at bid price : 22.00 Bid-YTW : 6.91 % |
| RY.PR.J | FixedReset Disc | -1.36 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-09-24 Maturity Price : 23.17 Evaluated at bid price : 23.85 Bid-YTW : 5.68 % |
| TD.PF.E | FixedReset Disc | -1.35 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-09-24 Maturity Price : 22.88 Evaluated at bid price : 23.40 Bid-YTW : 5.87 % |
| PWF.PR.S | Perpetual-Discount | -1.34 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-09-24 Maturity Price : 20.57 Evaluated at bid price : 20.57 Bid-YTW : 5.94 % |
| BMO.PR.W | FixedReset Disc | -1.30 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-09-24 Maturity Price : 23.22 Evaluated at bid price : 24.30 Bid-YTW : 5.10 % |
| CM.PR.P | FixedReset Disc | -1.28 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-09-24 Maturity Price : 23.03 Evaluated at bid price : 23.90 Bid-YTW : 5.23 % |
| RY.PR.O | Perpetual-Discount | -1.12 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-09-24 Maturity Price : 23.60 Evaluated at bid price : 23.89 Bid-YTW : 5.17 % |
| SLF.PR.D | Insurance Straight | -1.03 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-09-24 Maturity Price : 20.20 Evaluated at bid price : 20.20 Bid-YTW : 5.54 % |
| GWO.PR.S | Insurance Straight | 1.04 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-09-24 Maturity Price : 22.12 Evaluated at bid price : 22.40 Bid-YTW : 5.88 % |
| BN.PF.B | FixedReset Disc | 1.05 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-09-24 Maturity Price : 21.22 Evaluated at bid price : 21.22 Bid-YTW : 6.66 % |
| ENB.PF.C | FixedReset Disc | 1.11 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-09-24 Maturity Price : 18.25 Evaluated at bid price : 18.25 Bid-YTW : 7.42 % |
| GWO.PR.Y | Insurance Straight | 1.28 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-09-24 Maturity Price : 19.75 Evaluated at bid price : 19.75 Bid-YTW : 5.73 % |
| TD.PF.I | FixedReset Prem | 1.49 % | YTW SCENARIO Maturity Type : Call Maturity Date : 2027-10-31 Maturity Price : 25.00 Evaluated at bid price : 25.90 Bid-YTW : 5.40 % |
| BN.PR.Z | FixedReset Disc | 2.12 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-09-24 Maturity Price : 21.34 Evaluated at bid price : 21.65 Bid-YTW : 6.73 % |
| GWO.PR.Q | Insurance Straight | 2.18 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-09-24 Maturity Price : 21.78 Evaluated at bid price : 22.02 Bid-YTW : 5.87 % |
| PWF.PR.P | FixedReset Disc | 3.45 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-09-24 Maturity Price : 15.00 Evaluated at bid price : 15.00 Bid-YTW : 6.97 % |
| CCS.PR.C | Insurance Straight | 3.66 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-09-24 Maturity Price : 21.25 Evaluated at bid price : 21.25 Bid-YTW : 5.92 % |
| SLF.PR.H | FixedReset Ins Non | 5.00 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-09-24 Maturity Price : 18.90 Evaluated at bid price : 18.90 Bid-YTW : 6.21 % |
| BIP.PR.A | FixedReset Disc | 12.37 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-09-24 Maturity Price : 21.35 Evaluated at bid price : 21.35 Bid-YTW : 7.29 % |
| CU.PR.G | Perpetual-Discount | 12.50 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-09-24 Maturity Price : 18.00 Evaluated at bid price : 18.00 Bid-YTW : 6.33 % |
| IFC.PR.C | FixedReset Ins Non | 17.24 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-09-24 Maturity Price : 20.95 Evaluated at bid price : 20.95 Bid-YTW : 6.19 % |
| Volume Highlights | |||
| Issue | Index | Shares Traded |
Notes |
| NA.PR.W | FixedReset Disc | 210,142 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-09-24 Maturity Price : 22.23 Evaluated at bid price : 22.95 Bid-YTW : 5.45 % |
| TD.PF.A | FixedReset Disc | 173,620 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-09-24 Maturity Price : 22.11 Evaluated at bid price : 22.72 Bid-YTW : 5.53 % |
| MFC.PR.B | Insurance Straight | 106,321 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-09-24 Maturity Price : 20.00 Evaluated at bid price : 20.00 Bid-YTW : 5.86 % |
| MFC.PR.M | FixedReset Ins Non | 83,000 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-09-24 Maturity Price : 21.20 Evaluated at bid price : 21.20 Bid-YTW : 6.06 % |
| NA.PR.E | FixedReset Disc | 65,515 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-09-24 Maturity Price : 23.25 Evaluated at bid price : 24.90 Bid-YTW : 5.46 % |
| RY.PR.M | FixedReset Disc | 53,455 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-09-24 Maturity Price : 22.58 Evaluated at bid price : 23.06 Bid-YTW : 5.66 % |
| There were 19 other index-included issues trading in excess of 10,000 shares. | |||
| Wide Spread Highlights | ||
| Issue | Index | Quote Data and Yield Notes |
| TD.PF.D | FixedReset Disc | Quote: 23.00 – 24.11 Spot Rate : 1.1100 Average : 0.6694 YTW SCENARIO |
| MFC.PR.B | Insurance Straight | Quote: 20.00 – 20.94 Spot Rate : 0.9400 Average : 0.5343 YTW SCENARIO |
| RY.PR.M | FixedReset Disc | Quote: 23.06 – 23.95 Spot Rate : 0.8900 Average : 0.5259 YTW SCENARIO |
| SLF.PR.C | Insurance Straight | Quote: 19.72 – 20.55 Spot Rate : 0.8300 Average : 0.4880 YTW SCENARIO |
| CU.PR.H | Perpetual-Discount | Quote: 22.56 – 23.34 Spot Rate : 0.7800 Average : 0.5007 YTW SCENARIO |
| MFC.PR.N | FixedReset Ins Non | Quote: 20.93 – 21.65 Spot Rate : 0.7200 Average : 0.4594 YTW SCENARIO |