HIMIPref™ Preferred Indices These values reflect the December 2008 revision of the HIMIPref™ Indices Values are provisional and are finalized monthly |
|||||||
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 | 0.9161 % | 2,215.5 |
FixedFloater | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.9161 % | 4,249.4 |
Floater | 8.59 % | 9.01 % | 30,634 | 10.31 | 4 | 0.9161 % | 2,449.0 |
OpRet | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.2787 % | 3,618.7 |
SplitShare | 4.77 % | 4.57 % | 76,081 | 3.03 | 6 | -0.2787 % | 4,321.5 |
Interest-Bearing | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.2787 % | 3,371.8 |
Perpetual-Premium | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.2377 % | 2,808.3 |
Perpetual-Discount | 6.13 % | 6.27 % | 53,061 | 13.48 | 31 | 0.2377 % | 3,062.3 |
FixedReset Disc | 5.46 % | 6.96 % | 102,555 | 12.47 | 58 | 0.2591 % | 2,706.3 |
Insurance Straight | 5.97 % | 6.12 % | 64,491 | 13.68 | 21 | 0.4501 % | 3,033.3 |
FloatingReset | 6.62 % | 6.72 % | 41,352 | 12.80 | 2 | 0.8690 % | 3,253.3 |
FixedReset Prem | 6.37 % | 5.55 % | 164,579 | 3.69 | 7 | 0.2759 % | 2,599.9 |
FixedReset Bank Non | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.2591 % | 2,766.4 |
FixedReset Ins Non | 5.23 % | 6.49 % | 74,897 | 13.26 | 14 | 0.3618 % | 2,811.6 |
Performance Highlights | |||
Issue | Index | Change | Notes |
CU.PR.F | Perpetual-Discount | -3.38 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-11-22 Maturity Price : 18.01 Evaluated at bid price : 18.01 Bid-YTW : 6.29 % |
SLF.PR.D | Insurance Straight | -1.50 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-11-22 Maturity Price : 19.70 Evaluated at bid price : 19.70 Bid-YTW : 5.74 % |
CU.PR.C | FixedReset Disc | -1.44 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-11-22 Maturity Price : 20.60 Evaluated at bid price : 20.60 Bid-YTW : 6.89 % |
IFC.PR.K | Insurance Straight | 1.01 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-11-22 Maturity Price : 21.66 Evaluated at bid price : 21.97 Bid-YTW : 6.07 % |
BN.PF.G | FixedReset Disc | 1.02 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-11-22 Maturity Price : 19.72 Evaluated at bid price : 19.72 Bid-YTW : 7.77 % |
BN.PR.B | Floater | 1.03 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-11-22 Maturity Price : 11.76 Evaluated at bid price : 11.76 Bid-YTW : 9.08 % |
BIP.PR.F | FixedReset Disc | 1.07 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-11-22 Maturity Price : 22.68 Evaluated at bid price : 23.65 Bid-YTW : 6.76 % |
BN.PF.A | FixedReset Disc | 1.17 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-11-22 Maturity Price : 22.57 Evaluated at bid price : 23.38 Bid-YTW : 6.92 % |
PVS.PR.J | SplitShare | 1.18 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2028-02-29 Maturity Price : 25.00 Evaluated at bid price : 25.02 Bid-YTW : 4.34 % |
FFH.PR.G | FixedReset Disc | 1.22 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-11-22 Maturity Price : 20.80 Evaluated at bid price : 20.80 Bid-YTW : 6.96 % |
TD.PF.I | FixedReset Prem | 1.24 % | YTW SCENARIO Maturity Type : Call Maturity Date : 2027-10-31 Maturity Price : 25.00 Evaluated at bid price : 26.03 Bid-YTW : 4.96 % |
BN.PF.B | FixedReset Disc | 1.28 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-11-22 Maturity Price : 20.62 Evaluated at bid price : 20.62 Bid-YTW : 7.46 % |
PVS.PR.G | SplitShare | 1.38 % | YTW SCENARIO Maturity Type : Call Maturity Date : 2025-02-28 Maturity Price : 25.00 Evaluated at bid price : 25.06 Bid-YTW : 3.26 % |
SLF.PR.H | FixedReset Ins Non | 1.52 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-11-22 Maturity Price : 18.75 Evaluated at bid price : 18.75 Bid-YTW : 6.99 % |
FFH.PR.F | FloatingReset | 1.87 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-11-22 Maturity Price : 21.30 Evaluated at bid price : 21.30 Bid-YTW : 6.76 % |
MFC.PR.J | FixedReset Ins Non | 2.28 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-11-22 Maturity Price : 22.81 Evaluated at bid price : 23.75 Bid-YTW : 6.28 % |
BN.PR.K | Floater | 2.33 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-11-22 Maturity Price : 11.85 Evaluated at bid price : 11.85 Bid-YTW : 9.01 % |
MFC.PR.C | Insurance Straight | 2.70 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-11-22 Maturity Price : 19.00 Evaluated at bid price : 19.00 Bid-YTW : 5.93 % |
IFC.PR.A | FixedReset Ins Non | 3.04 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-11-22 Maturity Price : 19.68 Evaluated at bid price : 19.68 Bid-YTW : 6.49 % |
FFH.PR.K | FixedReset Disc | 3.57 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-11-22 Maturity Price : 22.99 Evaluated at bid price : 23.82 Bid-YTW : 6.95 % |
BIP.PR.A | FixedReset Disc | 3.57 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-11-22 Maturity Price : 22.20 Evaluated at bid price : 22.91 Bid-YTW : 7.47 % |
BN.PR.M | Perpetual-Discount | 3.70 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-11-22 Maturity Price : 18.51 Evaluated at bid price : 18.51 Bid-YTW : 6.54 % |
POW.PR.A | Perpetual-Discount | 5.58 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-11-22 Maturity Price : 22.44 Evaluated at bid price : 22.70 Bid-YTW : 6.25 % |
GWO.PR.S | Insurance Straight | 10.26 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-11-22 Maturity Price : 21.50 Evaluated at bid price : 21.50 Bid-YTW : 6.22 % |
Volume Highlights | |||
Issue | Index | Shares Traded |
Notes |
MFC.PR.M | FixedReset Ins Non | 204,721 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-11-22 Maturity Price : 21.64 Evaluated at bid price : 22.00 Bid-YTW : 6.48 % |
ENB.PR.T | FixedReset Disc | 136,800 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-11-22 Maturity Price : 20.02 Evaluated at bid price : 20.02 Bid-YTW : 7.54 % |
TD.PF.D | FixedReset Disc | 107,600 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-11-22 Maturity Price : 23.52 Evaluated at bid price : 24.17 Bid-YTW : 6.22 % |
ENB.PR.H | FixedReset Disc | 31,867 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-11-22 Maturity Price : 19.69 Evaluated at bid price : 19.69 Bid-YTW : 7.20 % |
SLF.PR.E | Insurance Straight | 28,900 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-11-22 Maturity Price : 20.30 Evaluated at bid price : 20.30 Bid-YTW : 5.64 % |
FFH.PR.C | FixedReset Disc | 25,242 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-11-22 Maturity Price : 24.12 Evaluated at bid price : 25.06 Bid-YTW : 6.52 % |
There were 19 other index-included issues trading in excess of 10,000 shares. |
Wide Spread Highlights | ||
Issue | Index | Quote Data and Yield Notes |
ENB.PF.E | FixedReset Disc | Quote: 18.10 – 19.10 Spot Rate : 1.0000 Average : 0.6298 YTW SCENARIO |
BN.PF.A | FixedReset Disc | Quote: 23.38 – 24.25 Spot Rate : 0.8700 Average : 0.5777 YTW SCENARIO |
CU.PR.F | Perpetual-Discount | Quote: 18.01 – 18.75 Spot Rate : 0.7400 Average : 0.4789 YTW SCENARIO |
MFC.PR.B | Insurance Straight | Quote: 19.48 – 20.23 Spot Rate : 0.7500 Average : 0.5203 YTW SCENARIO |
ENB.PF.C | FixedReset Disc | Quote: 18.45 – 19.00 Spot Rate : 0.5500 Average : 0.3706 YTW SCENARIO |
MIC.PR.A | Perpetual-Discount | Quote: 21.31 – 21.95 Spot Rate : 0.6400 Average : 0.4656 YTW SCENARIO |
CVE.PR.C will be redeemed on 31 Dec. 2024:
https://money.tmx.com/quote/CVE/news/6442180021669228/Cenovus_Energy_announces_redemption_of_Series_3_Preferred_Shares
This issue has a spread of 313 b.p.
Two more upcoming issues (E and G) have spreads of 357 and 352 b.p. with redeem/reset dates of 31 Mar and 30 June 2025, respectively.