Alas, no new high on TXPR today!
| 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 | -0.8730 % | 2,302.6 |
| FixedFloater | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.8730 % | 4,482.3 |
| Floater | 6.94 % | 6.94 % | 57,375 | 12.65 | 2 | -0.8730 % | 2,583.2 |
| OpRet | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.2421 % | 3,668.4 |
| SplitShare | 4.77 % | 4.23 % | 60,019 | 2.49 | 8 | 0.2421 % | 4,380.9 |
| Interest-Bearing | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.2421 % | 3,418.2 |
| Perpetual-Premium | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.1953 % | 2,978.8 |
| Perpetual-Discount | 5.77 % | 5.90 % | 42,665 | 14.01 | 33 | 0.1953 % | 3,248.2 |
| FixedReset Disc | 5.62 % | 6.00 % | 119,334 | 13.19 | 45 | 0.0515 % | 2,944.5 |
| Insurance Straight | 5.69 % | 5.72 % | 49,271 | 14.32 | 20 | 0.3503 % | 3,183.9 |
| FloatingReset | 5.62 % | 5.71 % | 34,607 | 14.30 | 3 | 0.3186 % | 3,665.6 |
| FixedReset Prem | 6.04 % | 5.13 % | 99,951 | 3.01 | 12 | -0.1982 % | 2,627.3 |
| FixedReset Bank Non | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.0515 % | 3,009.8 |
| FixedReset Ins Non | 5.24 % | 5.56 % | 63,344 | 14.36 | 14 | 0.5670 % | 3,054.7 |
| Performance Highlights | |||
| Issue | Index | Change | Notes |
| CU.PR.C | FixedReset Disc | -5.03 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-07-03 Maturity Price : 22.15 Evaluated at bid price : 22.45 Bid-YTW : 5.90 % |
| POW.PR.D | Perpetual-Discount | -4.10 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-07-03 Maturity Price : 21.05 Evaluated at bid price : 21.05 Bid-YTW : 5.97 % |
| TD.PF.I | FixedReset Prem | -2.36 % | YTW SCENARIO Maturity Type : Call Maturity Date : 2027-10-31 Maturity Price : 25.00 Evaluated at bid price : 26.05 Bid-YTW : 4.91 % |
| PWF.PR.L | Perpetual-Discount | -1.81 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-07-03 Maturity Price : 21.39 Evaluated at bid price : 21.66 Bid-YTW : 5.99 % |
| ENB.PR.N | FixedReset Disc | -1.73 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-07-03 Maturity Price : 22.57 Evaluated at bid price : 23.30 Bid-YTW : 6.25 % |
| BN.PR.B | Floater | -1.67 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-07-03 Maturity Price : 12.39 Evaluated at bid price : 12.39 Bid-YTW : 7.06 % |
| CU.PR.D | Perpetual-Discount | -1.55 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-07-03 Maturity Price : 21.00 Evaluated at bid price : 21.00 Bid-YTW : 5.91 % |
| NA.PR.G | FixedReset Prem | -1.27 % | YTW SCENARIO Maturity Type : Call Maturity Date : 2028-11-16 Maturity Price : 25.00 Evaluated at bid price : 26.46 Bid-YTW : 5.48 % |
| ENB.PR.D | FixedReset Disc | 1.17 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-07-03 Maturity Price : 19.93 Evaluated at bid price : 19.93 Bid-YTW : 6.69 % |
| GWO.PR.M | Insurance Straight | 1.18 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-07-03 Maturity Price : 24.54 Evaluated at bid price : 24.79 Bid-YTW : 5.88 % |
| SLF.PR.E | Insurance Straight | 1.25 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-07-03 Maturity Price : 20.26 Evaluated at bid price : 20.26 Bid-YTW : 5.59 % |
| MFC.PR.F | FixedReset Ins Non | 1.30 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-07-03 Maturity Price : 17.94 Evaluated at bid price : 17.94 Bid-YTW : 5.81 % |
| PVS.PR.L | SplitShare | 1.48 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2030-06-30 Maturity Price : 25.00 Evaluated at bid price : 25.97 Bid-YTW : 4.74 % |
| FTS.PR.J | Perpetual-Discount | 1.68 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-07-03 Maturity Price : 21.20 Evaluated at bid price : 21.20 Bid-YTW : 5.67 % |
| ENB.PR.J | FixedReset Disc | 1.70 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-07-03 Maturity Price : 21.28 Evaluated at bid price : 21.56 Bid-YTW : 6.53 % |
| GWO.PR.N | FixedReset Ins Non | 1.95 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-07-03 Maturity Price : 17.21 Evaluated at bid price : 17.21 Bid-YTW : 5.95 % |
| SLF.PR.G | FixedReset Ins Non | 2.21 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-07-03 Maturity Price : 18.48 Evaluated at bid price : 18.48 Bid-YTW : 5.79 % |
| BN.PR.M | Perpetual-Discount | 2.53 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-07-03 Maturity Price : 20.25 Evaluated at bid price : 20.25 Bid-YTW : 5.91 % |
| MFC.PR.M | FixedReset Ins Non | 2.75 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-07-03 Maturity Price : 22.92 Evaluated at bid price : 24.25 Bid-YTW : 5.44 % |
| IFC.PR.E | Insurance Straight | 3.23 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-07-03 Maturity Price : 23.36 Evaluated at bid price : 23.66 Bid-YTW : 5.52 % |
| BN.PR.N | Perpetual-Discount | 7.85 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-07-03 Maturity Price : 20.06 Evaluated at bid price : 20.06 Bid-YTW : 5.97 % |
| Volume Highlights | |||
| Issue | Index | Shares Traded |
Notes |
| CM.PR.Q | FixedReset Disc | 213,900 | YTW SCENARIO Maturity Type : Call Maturity Date : 2025-08-30 Maturity Price : 25.00 Evaluated at bid price : 24.94 Bid-YTW : 4.77 % |
| FFH.PR.I | FixedReset Disc | 196,435 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-07-03 Maturity Price : 23.79 Evaluated at bid price : 24.49 Bid-YTW : 5.74 % |
| BN.PF.F | FixedReset Disc | 51,250 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-07-03 Maturity Price : 22.02 Evaluated at bid price : 22.50 Bid-YTW : 6.41 % |
| BN.PR.X | FixedReset Disc | 30,100 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-07-03 Maturity Price : 18.45 Evaluated at bid price : 18.45 Bid-YTW : 6.35 % |
| BN.PF.B | FixedReset Disc | 26,450 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-07-03 Maturity Price : 22.08 Evaluated at bid price : 22.55 Bid-YTW : 6.28 % |
| RY.PR.S | FixedReset Prem | 23,760 | YTW SCENARIO Maturity Type : Call Maturity Date : 2029-02-24 Maturity Price : 25.00 Evaluated at bid price : 25.80 Bid-YTW : 5.13 % |
| There were 12 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 |
| POW.PR.D | Perpetual-Discount | Quote: 21.05 – 22.11 Spot Rate : 1.0600 Average : 0.6271 YTW SCENARIO |
| CU.PR.E | Perpetual-Discount | Quote: 21.28 – 23.54 Spot Rate : 2.2600 Average : 1.8890 YTW SCENARIO |
| CU.PR.C | FixedReset Disc | Quote: 22.45 – 24.00 Spot Rate : 1.5500 Average : 1.2516 YTW SCENARIO |
| ENB.PF.E | FixedReset Disc | Quote: 20.60 – 21.25 Spot Rate : 0.6500 Average : 0.4028 YTW SCENARIO |
| TD.PF.I | FixedReset Prem | Quote: 26.05 – 26.65 Spot Rate : 0.6000 Average : 0.3756 YTW SCENARIO |
| SLF.PR.C | Insurance Straight | Quote: 20.60 – 21.15 Spot Rate : 0.5500 Average : 0.3576 YTW SCENARIO |