Another trifecta 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 | 0.1569 % | 2,334.4 |
| FixedFloater | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.1569 % | 4,477.4 |
| Floater | 7.47 % | 7.75 % | 32,900 | 11.66 | 4 | 0.1569 % | 2,580.3 |
| OpRet | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.1590 % | 3,632.5 |
| SplitShare | 4.77 % | 4.55 % | 47,194 | 0.76 | 8 | -0.1590 % | 4,338.0 |
| Interest-Bearing | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.1590 % | 3,384.6 |
| Perpetual-Premium | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.1313 % | 2,906.2 |
| Perpetual-Discount | 5.91 % | 6.04 % | 58,672 | 13.88 | 32 | 0.1313 % | 3,169.1 |
| FixedReset Disc | 5.32 % | 6.63 % | 98,679 | 12.84 | 50 | 0.2329 % | 2,862.1 |
| Insurance Straight | 5.90 % | 5.91 % | 66,492 | 13.99 | 21 | -0.3073 % | 3,066.6 |
| FloatingReset | 6.25 % | 6.36 % | 41,113 | 13.36 | 3 | 0.2248 % | 3,432.8 |
| FixedReset Prem | 5.70 % | 5.47 % | 156,711 | 3.36 | 12 | -0.0886 % | 2,586.4 |
| FixedReset Bank Non | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.2329 % | 2,925.6 |
| FixedReset Ins Non | 5.10 % | 5.99 % | 73,542 | 13.74 | 14 | 0.4975 % | 2,964.0 |
| Performance Highlights | |||
| Issue | Index | Change | Notes |
| GWO.PR.T | Insurance Straight | -21.15 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-01-16 Maturity Price : 17.00 Evaluated at bid price : 17.00 Bid-YTW : 7.68 % |
| GWO.PR.N | FixedReset Ins Non | -1.98 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-01-16 Maturity Price : 16.35 Evaluated at bid price : 16.35 Bid-YTW : 6.62 % |
| GWO.PR.R | Insurance Straight | -1.53 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-01-16 Maturity Price : 19.95 Evaluated at bid price : 19.95 Bid-YTW : 6.08 % |
| CU.PR.H | Perpetual-Discount | -1.33 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-01-16 Maturity Price : 21.97 Evaluated at bid price : 22.20 Bid-YTW : 6.00 % |
| PVS.PR.J | SplitShare | -1.28 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2028-02-29 Maturity Price : 25.00 Evaluated at bid price : 24.75 Bid-YTW : 4.95 % |
| BN.PR.T | FixedReset Disc | -1.23 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-01-16 Maturity Price : 18.50 Evaluated at bid price : 18.50 Bid-YTW : 7.14 % |
| POW.PR.D | Perpetual-Discount | -1.19 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-01-16 Maturity Price : 20.70 Evaluated at bid price : 20.70 Bid-YTW : 6.09 % |
| NA.PR.E | FixedReset Prem | -1.05 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-01-16 Maturity Price : 23.14 Evaluated at bid price : 24.50 Bid-YTW : 5.83 % |
| POW.PR.A | Perpetual-Discount | 1.16 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-01-16 Maturity Price : 23.15 Evaluated at bid price : 23.45 Bid-YTW : 6.00 % |
| PWF.PR.G | Perpetual-Discount | 1.25 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-01-16 Maturity Price : 24.09 Evaluated at bid price : 24.35 Bid-YTW : 6.07 % |
| GWO.PR.L | Insurance Straight | 1.28 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-01-16 Maturity Price : 23.53 Evaluated at bid price : 23.80 Bid-YTW : 5.98 % |
| BN.PF.F | FixedReset Disc | 1.38 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-01-16 Maturity Price : 21.72 Evaluated at bid price : 22.10 Bid-YTW : 6.82 % |
| MFC.PR.I | FixedReset Ins Non | 1.61 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-01-16 Maturity Price : 23.29 Evaluated at bid price : 24.60 Bid-YTW : 6.15 % |
| BN.PR.Z | FixedReset Disc | 1.84 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-01-16 Maturity Price : 22.59 Evaluated at bid price : 23.25 Bid-YTW : 6.64 % |
| MFC.PR.M | FixedReset Ins Non | 2.11 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-01-16 Maturity Price : 22.42 Evaluated at bid price : 23.25 Bid-YTW : 5.99 % |
| SLF.PR.H | FixedReset Ins Non | 2.65 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-01-16 Maturity Price : 20.53 Evaluated at bid price : 20.53 Bid-YTW : 6.23 % |
| IFC.PR.F | Insurance Straight | 2.71 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-01-16 Maturity Price : 22.42 Evaluated at bid price : 22.70 Bid-YTW : 5.88 % |
| PWF.PR.Z | Perpetual-Discount | 3.67 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-01-16 Maturity Price : 21.16 Evaluated at bid price : 21.16 Bid-YTW : 6.11 % |
| CCS.PR.C | Insurance Straight | 4.57 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-01-16 Maturity Price : 21.71 Evaluated at bid price : 21.96 Bid-YTW : 5.74 % |
| BN.PR.R | FixedReset Disc | 5.32 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-01-16 Maturity Price : 18.80 Evaluated at bid price : 18.80 Bid-YTW : 7.04 % |
| GWO.PR.Q | Insurance Straight | 5.57 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-01-16 Maturity Price : 21.54 Evaluated at bid price : 21.80 Bid-YTW : 5.95 % |
| Volume Highlights | |||
| Issue | Index | Shares Traded |
Notes |
| ENB.PR.Y | FixedReset Disc | 249,252 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-01-16 Maturity Price : 18.95 Evaluated at bid price : 18.95 Bid-YTW : 7.36 % |
| SLF.PR.C | Insurance Straight | 120,758 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-01-16 Maturity Price : 20.10 Evaluated at bid price : 20.10 Bid-YTW : 5.59 % |
| TD.PF.D | FixedReset Disc | 100,510 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-01-16 Maturity Price : 23.96 Evaluated at bid price : 24.60 Bid-YTW : 5.96 % |
| ENB.PF.C | FixedReset Disc | 66,256 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-01-16 Maturity Price : 20.25 Evaluated at bid price : 20.25 Bid-YTW : 7.28 % |
| BN.PF.B | FixedReset Disc | 40,150 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-01-16 Maturity Price : 22.06 Evaluated at bid price : 22.56 Bid-YTW : 6.60 % |
| ENB.PR.D | FixedReset Disc | 30,600 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-01-16 Maturity Price : 19.35 Evaluated at bid price : 19.35 Bid-YTW : 7.27 % |
| There were 23 other index-included issues trading in excess of 10,000 shares. | |||
| Wide Spread Highlights | ||
| Issue | Index | Quote Data and Yield Notes |
| GWO.PR.T | Insurance Straight | Quote: 17.00 – 21.93 Spot Rate : 4.9300 Average : 2.6914 YTW SCENARIO |
| PWF.PR.S | Perpetual-Discount | Quote: 19.95 – 23.75 Spot Rate : 3.8000 Average : 2.0932 YTW SCENARIO |
| SLF.PR.H | FixedReset Ins Non | Quote: 20.53 – 21.71 Spot Rate : 1.1800 Average : 0.8149 YTW SCENARIO |
| PWF.PF.A | Perpetual-Discount | Quote: 18.72 – 19.38 Spot Rate : 0.6600 Average : 0.4983 YTW SCENARIO |
| SLF.PR.E | Insurance Straight | Quote: 19.00 – 20.66 Spot Rate : 1.6600 Average : 1.5002 YTW SCENARIO |
| PVS.PR.J | SplitShare | Quote: 24.75 – 25.25 Spot Rate : 0.5000 Average : 0.3449 YTW SCENARIO |