TXPR (price index) closed at yet another 52-week high of 662.30, compared to the old 52-week high, set Friday, of 659.14.
| 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 | 0.3613 % | 2,304.4 |
| FixedFloater | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.3613 % | 4,485.9 |
| Floater | 6.93 % | 6.99 % | 57,057 | 12.59 | 2 | 0.3613 % | 2,585.2 |
| OpRet | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.3774 % | 3,654.3 |
| SplitShare | 4.79 % | 4.56 % | 61,641 | 2.50 | 8 | 0.3774 % | 4,364.1 |
| Interest-Bearing | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.3774 % | 3,405.0 |
| Perpetual-Premium | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.1724 % | 2,972.9 |
| Perpetual-Discount | 5.78 % | 5.91 % | 44,551 | 14.02 | 33 | 0.1724 % | 3,241.8 |
| FixedReset Disc | 5.55 % | 6.09 % | 110,127 | 13.22 | 46 | 0.0914 % | 2,927.8 |
| Insurance Straight | 5.73 % | 5.76 % | 51,619 | 14.29 | 20 | 0.2650 % | 3,160.8 |
| FloatingReset | 5.63 % | 5.70 % | 36,433 | 14.32 | 3 | 0.0152 % | 3,656.8 |
| FixedReset Prem | 6.04 % | 5.21 % | 116,696 | 3.02 | 12 | 0.1604 % | 2,626.5 |
| FixedReset Bank Non | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.0914 % | 2,992.8 |
| FixedReset Ins Non | 5.10 % | 5.56 % | 64,679 | 14.32 | 14 | -0.0316 % | 3,025.0 |
| Performance Highlights | |||
| Issue | Index | Change | Notes |
| CU.PR.C | FixedReset Disc | -4.91 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-06-30 Maturity Price : 21.64 Evaluated at bid price : 22.06 Bid-YTW : 6.00 % |
| GWO.PR.R | Insurance Straight | -2.85 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-06-30 Maturity Price : 20.10 Evaluated at bid price : 20.10 Bid-YTW : 6.01 % |
| SLF.PR.G | FixedReset Ins Non | -2.08 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-06-30 Maturity Price : 17.93 Evaluated at bid price : 17.93 Bid-YTW : 5.98 % |
| CU.PR.G | Perpetual-Discount | -2.00 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-06-30 Maturity Price : 19.11 Evaluated at bid price : 19.11 Bid-YTW : 5.96 % |
| IFC.PR.E | Insurance Straight | -1.93 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-06-30 Maturity Price : 22.68 Evaluated at bid price : 22.92 Bid-YTW : 5.70 % |
| GWO.PR.N | FixedReset Ins Non | -1.23 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-06-30 Maturity Price : 16.80 Evaluated at bid price : 16.80 Bid-YTW : 6.09 % |
| ELF.PR.H | Perpetual-Discount | 1.04 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-06-30 Maturity Price : 23.14 Evaluated at bid price : 23.40 Bid-YTW : 5.89 % |
| CU.PR.J | Perpetual-Discount | 1.04 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-06-30 Maturity Price : 20.41 Evaluated at bid price : 20.41 Bid-YTW : 5.89 % |
| ENB.PR.N | FixedReset Disc | 1.06 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-06-30 Maturity Price : 22.80 Evaluated at bid price : 23.75 Bid-YTW : 6.11 % |
| ENB.PR.J | FixedReset Disc | 1.27 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-06-30 Maturity Price : 21.47 Evaluated at bid price : 21.47 Bid-YTW : 6.57 % |
| SLF.PR.D | Insurance Straight | 1.30 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-06-30 Maturity Price : 20.26 Evaluated at bid price : 20.26 Bid-YTW : 5.53 % |
| ELF.PR.F | Perpetual-Discount | 1.45 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-06-30 Maturity Price : 22.66 Evaluated at bid price : 22.90 Bid-YTW : 5.79 % |
| GWO.PR.I | Insurance Straight | 1.60 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-06-30 Maturity Price : 19.10 Evaluated at bid price : 19.10 Bid-YTW : 5.93 % |
| GWO.PR.T | Insurance Straight | 1.65 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-06-30 Maturity Price : 21.88 Evaluated at bid price : 22.21 Bid-YTW : 5.82 % |
| GWO.PR.P | Insurance Straight | 1.68 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-06-30 Maturity Price : 23.30 Evaluated at bid price : 23.58 Bid-YTW : 5.75 % |
| PWF.PR.T | FixedReset Disc | 1.73 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-06-30 Maturity Price : 22.65 Evaluated at bid price : 23.50 Bid-YTW : 5.71 % |
| IFC.PR.A | FixedReset Ins Non | 1.75 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-06-30 Maturity Price : 21.67 Evaluated at bid price : 22.12 Bid-YTW : 5.22 % |
| TD.PF.I | FixedReset Prem | 2.07 % | YTW SCENARIO Maturity Type : Call Maturity Date : 2027-10-31 Maturity Price : 25.00 Evaluated at bid price : 26.59 Bid-YTW : 3.92 % |
| PVS.PR.K | SplitShare | 2.50 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2029-05-31 Maturity Price : 25.00 Evaluated at bid price : 25.00 Bid-YTW : 4.56 % |
| CU.PR.F | Perpetual-Discount | 3.94 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-06-30 Maturity Price : 19.50 Evaluated at bid price : 19.50 Bid-YTW : 5.84 % |
| Volume Highlights | |||
| Issue | Index | Shares Traded |
Notes |
| GWO.PR.Q | Insurance Straight | 40,200 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-06-30 Maturity Price : 21.86 Evaluated at bid price : 22.10 Bid-YTW : 5.85 % |
| FTS.PR.H | FixedReset Disc | 27,000 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-06-30 Maturity Price : 17.81 Evaluated at bid price : 17.81 Bid-YTW : 6.06 % |
| PWF.PR.G | Perpetual-Discount | 16,000 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-06-30 Maturity Price : 24.68 Evaluated at bid price : 25.00 Bid-YTW : 6.00 % |
| FTS.PR.G | FixedReset Disc | 14,800 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-06-30 Maturity Price : 22.37 Evaluated at bid price : 22.92 Bid-YTW : 5.73 % |
| ENB.PF.C | FixedReset Disc | 14,400 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-06-30 Maturity Price : 20.38 Evaluated at bid price : 20.38 Bid-YTW : 6.83 % |
| SLF.PR.C | Insurance Straight | 12,400 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-06-30 Maturity Price : 20.41 Evaluated at bid price : 20.41 Bid-YTW : 5.49 % |
| There were 6 other index-included issues trading in excess of 10,000 shares. | |||
| Wide Spread Highlights | ||
| See TMX DataLinx: ‘Last’ != ‘Close’ and the posts linked therein for an idea of why these quotes are so horrible. | ||
| Issue | Index | Quote Data and Yield Notes |
| ENB.PR.D | FixedReset Disc | Quote: 19.84 – 22.98 Spot Rate : 3.1400 Average : 1.7470 YTW SCENARIO |
| ENB.PF.C | FixedReset Disc | Quote: 20.38 – 22.00 Spot Rate : 1.6200 Average : 0.9536 YTW SCENARIO |
| ENB.PF.A | FixedReset Disc | Quote: 20.72 – 21.95 Spot Rate : 1.2300 Average : 0.7375 YTW SCENARIO |
| BN.PR.T | FixedReset Disc | Quote: 18.92 – 19.92 Spot Rate : 1.0000 Average : 0.5931 YTW SCENARIO |
| CU.PR.G | Perpetual-Discount | Quote: 19.11 – 20.20 Spot Rate : 1.0900 Average : 0.6846 YTW SCENARIO |
| CU.PR.C | FixedReset Disc | Quote: 22.06 – 24.00 Spot Rate : 1.9400 Average : 1.5431 YTW SCENARIO |
[…] at June month-end were of fair quality, but now without the occasional howler. The quote for CU.PR.C, for instance, had to be adjusted for fund valuation purposes, with the bid adjusted from 22.06 to […]