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 |
|||||||
| 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 | 0.7288 % | 2,337.6 |
| FixedFloater | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.7288 % | 4,483.5 |
| Floater | 7.46 % | 7.74 % | 36,168 | 11.66 | 4 | 0.7288 % | 2,583.9 |
| OpRet | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.0895 % | 3,640.3 |
| SplitShare | 4.75 % | 4.62 % | 53,013 | 0.14 | 8 | 0.0895 % | 4,347.2 |
| Interest-Bearing | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.0895 % | 3,391.9 |
| Perpetual-Premium | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.2213 % | 2,919.6 |
| Perpetual-Discount | 5.88 % | 6.00 % | 57,167 | 13.91 | 32 | 0.2213 % | 3,183.7 |
| FixedReset Disc | 5.31 % | 6.47 % | 99,504 | 13.06 | 50 | 0.4280 % | 2,865.5 |
| Insurance Straight | 5.84 % | 5.92 % | 69,355 | 13.98 | 21 | -0.7887 % | 3,098.4 |
| FloatingReset | 6.10 % | 6.24 % | 42,098 | 13.51 | 3 | 0.2868 % | 3,461.9 |
| FixedReset Prem | 5.69 % | 5.42 % | 158,836 | 3.35 | 12 | 0.1873 % | 2,589.7 |
| FixedReset Bank Non | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.4280 % | 2,929.1 |
| FixedReset Ins Non | 5.09 % | 5.89 % | 73,476 | 13.90 | 14 | 0.2804 % | 2,968.9 |
| Performance Highlights | |||
| Issue | Index | Change | Notes |
| GWO.PR.I | Insurance Straight | -20.21 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-01-20 Maturity Price : 15.71 Evaluated at bid price : 15.71 Bid-YTW : 7.26 % |
| ENB.PF.C | FixedReset Disc | -1.75 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-01-20 Maturity Price : 19.70 Evaluated at bid price : 19.70 Bid-YTW : 7.29 % |
| SLF.PR.E | Insurance Straight | -1.72 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-01-20 Maturity Price : 20.05 Evaluated at bid price : 20.05 Bid-YTW : 5.67 % |
| CU.PR.J | Perpetual-Discount | -1.49 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-01-20 Maturity Price : 19.85 Evaluated at bid price : 19.85 Bid-YTW : 6.09 % |
| ENB.PR.P | FixedReset Disc | -1.02 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-01-20 Maturity Price : 20.30 Evaluated at bid price : 20.30 Bid-YTW : 7.08 % |
| BN.PF.D | Perpetual-Discount | 1.07 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-01-20 Maturity Price : 19.81 Evaluated at bid price : 19.81 Bid-YTW : 6.26 % |
| SLF.PR.G | FixedReset Ins Non | 1.12 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-01-20 Maturity Price : 18.05 Evaluated at bid price : 18.05 Bid-YTW : 6.08 % |
| BN.PF.G | FixedReset Disc | 1.15 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-01-20 Maturity Price : 21.63 Evaluated at bid price : 22.01 Bid-YTW : 6.61 % |
| GWO.PR.N | FixedReset Ins Non | 1.28 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-01-20 Maturity Price : 16.56 Evaluated at bid price : 16.56 Bid-YTW : 6.32 % |
| PWF.PR.G | Perpetual-Discount | 1.29 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-01-20 Maturity Price : 24.08 Evaluated at bid price : 24.34 Bid-YTW : 6.08 % |
| BIP.PR.E | FixedReset Disc | 1.37 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-01-20 Maturity Price : 23.12 Evaluated at bid price : 24.40 Bid-YTW : 6.32 % |
| FTS.PR.H | FixedReset Disc | 1.48 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-01-20 Maturity Price : 17.10 Evaluated at bid price : 17.10 Bid-YTW : 6.51 % |
| GWO.PR.R | Insurance Straight | 1.49 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-01-20 Maturity Price : 20.40 Evaluated at bid price : 20.40 Bid-YTW : 5.95 % |
| PWF.PR.F | Perpetual-Discount | 1.52 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-01-20 Maturity Price : 21.81 Evaluated at bid price : 22.05 Bid-YTW : 5.97 % |
| FTS.PR.K | FixedReset Disc | 1.59 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-01-20 Maturity Price : 21.03 Evaluated at bid price : 21.03 Bid-YTW : 6.27 % |
| SLF.PR.J | FloatingReset | 1.65 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-01-20 Maturity Price : 17.85 Evaluated at bid price : 17.85 Bid-YTW : 6.37 % |
| ENB.PF.E | FixedReset Disc | 1.81 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-01-20 Maturity Price : 19.70 Evaluated at bid price : 19.70 Bid-YTW : 7.22 % |
| ENB.PR.N | FixedReset Disc | 2.51 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-01-20 Maturity Price : 22.49 Evaluated at bid price : 23.25 Bid-YTW : 6.47 % |
| BN.PR.B | Floater | 3.32 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-01-20 Maturity Price : 12.45 Evaluated at bid price : 12.45 Bid-YTW : 7.77 % |
| IFC.PR.F | Insurance Straight | 3.39 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-01-20 Maturity Price : 22.58 Evaluated at bid price : 22.85 Bid-YTW : 5.85 % |
| BN.PR.R | FixedReset Disc | 6.39 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-01-20 Maturity Price : 18.99 Evaluated at bid price : 18.99 Bid-YTW : 6.79 % |
| Volume Highlights | |||
| Issue | Index | Shares Traded |
Notes |
| TD.PF.C | FixedReset Prem | 425,000 | YTW SCENARIO Maturity Type : Call Maturity Date : 2025-03-02 Maturity Price : 25.00 Evaluated at bid price : 24.97 Bid-YTW : 4.85 % |
| NA.PR.W | FixedReset Prem | 352,000 | YTW SCENARIO Maturity Type : Call Maturity Date : 2025-03-17 Maturity Price : 25.00 Evaluated at bid price : 24.93 Bid-YTW : 4.70 % |
| BN.PR.R | FixedReset Disc | 88,600 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-01-20 Maturity Price : 18.99 Evaluated at bid price : 18.99 Bid-YTW : 6.79 % |
| FTS.PR.J | Perpetual-Discount | 41,500 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-01-20 Maturity Price : 20.80 Evaluated at bid price : 20.80 Bid-YTW : 5.81 % |
| CU.PR.D | Perpetual-Discount | 39,000 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-01-20 Maturity Price : 21.25 Evaluated at bid price : 21.25 Bid-YTW : 5.86 % |
| GWO.PR.L | Insurance Straight | 36,600 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-01-20 Maturity Price : 23.58 Evaluated at bid price : 23.85 Bid-YTW : 5.98 % |
| There were 12 other index-included issues trading in excess of 10,000 shares. | |||
| Wide Spread Highlights | ||
| Issue | Index | Quote Data and Yield Notes |
| GWO.PR.I | Insurance Straight | Quote: 15.71 – 19.90 Spot Rate : 4.1900 Average : 2.3189 YTW SCENARIO |
| IFC.PR.E | Insurance Straight | Quote: 22.50 – 24.25 Spot Rate : 1.7500 Average : 1.0385 YTW SCENARIO |
| CU.PR.C | FixedReset Disc | Quote: 21.72 – 23.22 Spot Rate : 1.5000 Average : 0.8515 YTW SCENARIO |
| GWO.PR.L | Insurance Straight | Quote: 23.85 – 25.15 Spot Rate : 1.3000 Average : 0.8088 YTW SCENARIO |
| MFC.PR.M | FixedReset Ins Non | Quote: 22.77 – 25.00 Spot Rate : 2.2300 Average : 1.7827 YTW SCENARIO |
| GWO.PR.G | Insurance Straight | Quote: 21.89 – 22.71 Spot Rate : 0.8200 Average : 0.5152 YTW SCENARIO |