Another hat trick for the Canadian preferred share market today, with TXPR, CPD and ZPR all making new 52-week highs.
| 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 | -0.6714 % | 2,299.2 |
| FixedFloater | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.6714 % | 4,409.9 |
| Floater | 7.58 % | 7.84 % | 34,137 | 11.57 | 4 | -0.6714 % | 2,541.4 |
| OpRet | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.2643 % | 3,634.3 |
| SplitShare | 4.76 % | 4.18 % | 51,522 | 0.79 | 8 | 0.2643 % | 4,340.1 |
| Interest-Bearing | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.2643 % | 3,386.3 |
| Perpetual-Premium | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.0931 % | 2,925.9 |
| Perpetual-Discount | 5.87 % | 6.03 % | 52,679 | 13.81 | 32 | 0.0931 % | 3,190.6 |
| FixedReset Disc | 5.34 % | 6.43 % | 98,908 | 12.98 | 50 | 0.2113 % | 2,847.3 |
| Insurance Straight | 5.81 % | 5.94 % | 63,654 | 14.00 | 21 | 0.0509 % | 3,116.9 |
| FloatingReset | 6.31 % | 6.42 % | 36,398 | 13.29 | 3 | 0.6679 % | 3,398.7 |
| FixedReset Prem | 5.67 % | 5.45 % | 165,998 | 3.38 | 12 | -0.1501 % | 2,598.8 |
| FixedReset Bank Non | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.2113 % | 2,910.6 |
| FixedReset Ins Non | 5.16 % | 5.93 % | 72,033 | 13.95 | 14 | 0.3804 % | 2,929.1 |
| Performance Highlights | |||
| Issue | Index | Change | Notes |
| IFC.PR.E | Insurance Straight | -3.12 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-01-07 Maturity Price : 21.66 Evaluated at bid price : 22.05 Bid-YTW : 5.93 % |
| CU.PR.J | Perpetual-Discount | -2.41 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-01-07 Maturity Price : 19.85 Evaluated at bid price : 19.85 Bid-YTW : 6.07 % |
| PWF.PR.A | Floater | -1.87 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-01-07 Maturity Price : 13.62 Evaluated at bid price : 13.62 Bid-YTW : 7.15 % |
| BN.PF.E | FixedReset Disc | -1.45 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-01-07 Maturity Price : 20.45 Evaluated at bid price : 20.45 Bid-YTW : 6.79 % |
| IFC.PR.A | FixedReset Ins Non | -1.40 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-01-07 Maturity Price : 21.10 Evaluated at bid price : 21.10 Bid-YTW : 5.66 % |
| BN.PF.F | FixedReset Disc | -1.19 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-01-07 Maturity Price : 21.36 Evaluated at bid price : 21.65 Bid-YTW : 6.80 % |
| BN.PF.D | Perpetual-Discount | 1.02 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-01-07 Maturity Price : 19.78 Evaluated at bid price : 19.78 Bid-YTW : 6.25 % |
| IFC.PR.I | Insurance Straight | 1.04 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-01-07 Maturity Price : 22.84 Evaluated at bid price : 23.25 Bid-YTW : 5.84 % |
| ENB.PF.K | FixedReset Disc | 1.05 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-01-07 Maturity Price : 22.95 Evaluated at bid price : 24.00 Bid-YTW : 6.48 % |
| PVS.PR.L | SplitShare | 1.19 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2030-06-30 Maturity Price : 25.00 Evaluated at bid price : 25.45 Bid-YTW : 5.26 % |
| MFC.PR.C | Insurance Straight | 1.20 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-01-07 Maturity Price : 20.25 Evaluated at bid price : 20.25 Bid-YTW : 5.62 % |
| CU.PR.D | Perpetual-Discount | 1.21 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-01-07 Maturity Price : 21.43 Evaluated at bid price : 21.69 Bid-YTW : 5.71 % |
| PVS.PR.J | SplitShare | 1.30 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2028-02-29 Maturity Price : 25.00 Evaluated at bid price : 24.97 Bid-YTW : 4.60 % |
| MFC.PR.J | FixedReset Ins Non | 1.63 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-01-07 Maturity Price : 23.33 Evaluated at bid price : 24.95 Bid-YTW : 5.70 % |
| GWO.PR.N | FixedReset Ins Non | 1.77 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-01-07 Maturity Price : 16.10 Evaluated at bid price : 16.10 Bid-YTW : 6.44 % |
| BN.PR.T | FixedReset Disc | 2.42 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-01-07 Maturity Price : 18.18 Evaluated at bid price : 18.18 Bid-YTW : 7.03 % |
| FTS.PR.F | Perpetual-Discount | 2.44 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-01-07 Maturity Price : 22.01 Evaluated at bid price : 22.25 Bid-YTW : 5.57 % |
| Volume Highlights | |||
| Issue | Index | Shares Traded |
Notes |
| CM.PR.P | FixedReset Disc | 520,000 | YTW SCENARIO Maturity Type : Call Maturity Date : 2025-03-02 Maturity Price : 25.00 Evaluated at bid price : 24.94 Bid-YTW : 4.87 % |
| TD.PF.C | FixedReset Prem | 333,996 | YTW SCENARIO Maturity Type : Call Maturity Date : 2025-03-02 Maturity Price : 25.00 Evaluated at bid price : 25.17 Bid-YTW : 4.80 % |
| BMO.PR.Y | FixedReset Disc | 108,100 | YTW SCENARIO Maturity Type : Call Maturity Date : 2025-08-25 Maturity Price : 25.00 Evaluated at bid price : 24.72 Bid-YTW : 5.51 % |
| TD.PF.D | FixedReset Disc | 72,958 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-01-07 Maturity Price : 24.20 Evaluated at bid price : 24.77 Bid-YTW : 5.79 % |
| BN.PF.I | FixedReset Disc | 50,580 | YTW SCENARIO Maturity Type : Call Maturity Date : 2027-03-31 Maturity Price : 25.00 Evaluated at bid price : 24.70 Bid-YTW : 6.07 % |
| MFC.PR.J | FixedReset Ins Non | 34,136 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-01-07 Maturity Price : 23.33 Evaluated at bid price : 24.95 Bid-YTW : 5.70 % |
| There were 28 other index-included issues trading in excess of 10,000 shares. | |||
| Wide Spread Highlights | ||
| Issue | Index | Quote Data and Yield Notes |
| CU.PR.D | Perpetual-Discount | Quote: 21.69 – 22.76 Spot Rate : 1.0700 Average : 0.7891 YTW SCENARIO |
| BN.PR.M | Perpetual-Discount | Quote: 18.99 – 20.39 Spot Rate : 1.4000 Average : 1.1503 YTW SCENARIO |
| GWO.PR.N | FixedReset Ins Non | Quote: 16.10 – 16.99 Spot Rate : 0.8900 Average : 0.7032 YTW SCENARIO |
| MFC.PR.I | FixedReset Ins Non | Quote: 24.21 – 25.00 Spot Rate : 0.7900 Average : 0.6088 YTW SCENARIO |
| PWF.PR.R | Perpetual-Discount | Quote: 22.70 – 23.44 Spot Rate : 0.7400 Average : 0.5611 YTW SCENARIO |
| RY.PR.N | Perpetual-Discount | Quote: 24.31 – 24.85 Spot Rate : 0.5400 Average : 0.3643 YTW SCENARIO |