Market Action

August 22, 2017

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 0.0236 % 2,367.6
FixedFloater 0.00 % 0.00 % 0 0.00 0 0.0236 % 4,344.5
Floater 3.66 % 3.69 % 115,262 18.03 3 0.0236 % 2,503.8
OpRet 0.00 % 0.00 % 0 0.00 0 0.1421 % 3,079.4
SplitShare 4.73 % 3.91 % 55,177 1.34 5 0.1421 % 3,677.5
Interest-Bearing 0.00 % 0.00 % 0 0.00 0 0.1421 % 2,869.3
Perpetual-Premium 5.41 % 4.83 % 61,088 5.89 17 -0.0116 % 2,777.4
Perpetual-Discount 5.30 % 5.32 % 61,259 14.89 20 0.3096 % 2,930.4
FixedReset 4.38 % 4.43 % 143,211 6.35 98 0.3667 % 2,381.9
Deemed-Retractible 5.07 % 5.57 % 108,476 6.04 31 0.1915 % 2,869.7
FloatingReset 2.63 % 3.07 % 40,611 4.20 9 0.1329 % 2,615.8
Performance Highlights
Issue Index Change Notes
CM.PR.O FixedReset 1.01 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2047-08-22
Maturity Price : 21.60
Evaluated at bid price : 22.00
Bid-YTW : 4.36 %
CM.PR.P FixedReset 1.03 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2047-08-22
Maturity Price : 21.27
Evaluated at bid price : 21.56
Bid-YTW : 4.36 %
HSE.PR.C FixedReset 1.09 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2047-08-22
Maturity Price : 22.68
Evaluated at bid price : 23.25
Bid-YTW : 5.00 %
TD.PF.D FixedReset 1.12 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2047-08-22
Maturity Price : 22.74
Evaluated at bid price : 23.51
Bid-YTW : 4.43 %
TRP.PR.E FixedReset 1.15 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2047-08-22
Maturity Price : 21.53
Evaluated at bid price : 21.91
Bid-YTW : 4.46 %
TRP.PR.B FixedReset 1.20 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2047-08-22
Maturity Price : 15.20
Evaluated at bid price : 15.20
Bid-YTW : 4.47 %
TRP.PR.A FixedReset 1.25 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2047-08-22
Maturity Price : 19.44
Evaluated at bid price : 19.44
Bid-YTW : 4.43 %
MFC.PR.G FixedReset 1.33 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 23.70
Bid-YTW : 4.91 %
BMO.PR.Y FixedReset 1.38 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2047-08-22
Maturity Price : 22.74
Evaluated at bid price : 23.54
Bid-YTW : 4.37 %
PWF.PR.L Perpetual-Discount 1.46 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2047-08-22
Maturity Price : 24.05
Evaluated at bid price : 24.30
Bid-YTW : 5.29 %
TRP.PR.G FixedReset 1.59 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2047-08-22
Maturity Price : 22.74
Evaluated at bid price : 23.59
Bid-YTW : 4.57 %
TD.PF.H FixedReset 2.27 % YTW SCENARIO
Maturity Type : Call
Maturity Date : 2021-10-31
Maturity Price : 25.00
Evaluated at bid price : 26.08
Bid-YTW : 3.82 %
Volume Highlights
Issue Index Shares
Traded
Notes
CM.PR.R FixedReset 131,530 YTW SCENARIO
Maturity Type : Call
Maturity Date : 2022-07-31
Maturity Price : 25.00
Evaluated at bid price : 25.06
Bid-YTW : 4.60 %
IFC.PR.F Deemed-Retractible 74,250 YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 24.66
Bid-YTW : 5.58 %
BMO.PR.C FixedReset 57,800 YTW SCENARIO
Maturity Type : Call
Maturity Date : 2022-05-25
Maturity Price : 25.00
Evaluated at bid price : 25.20
Bid-YTW : 4.32 %
NA.PR.W FixedReset 55,667 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2047-08-22
Maturity Price : 21.18
Evaluated at bid price : 21.18
Bid-YTW : 4.48 %
BMO.PR.S FixedReset 51,241 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2047-08-22
Maturity Price : 21.65
Evaluated at bid price : 22.07
Bid-YTW : 4.35 %
TRP.PR.D FixedReset 45,440 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2047-08-22
Maturity Price : 21.34
Evaluated at bid price : 21.64
Bid-YTW : 4.51 %
There were 24 other index-included issues trading in excess of 10,000 shares.
Wide Spread Highlights
Issue Index Quote Data and Yield Notes
BAM.PF.E FixedReset Quote: 22.31 – 22.80
Spot Rate : 0.4900
Average : 0.3333

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2047-08-22
Maturity Price : 22.02
Evaluated at bid price : 22.31
Bid-YTW : 4.65 %

BAM.PR.K Floater Quote: 14.10 – 14.57
Spot Rate : 0.4700
Average : 0.3249

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2047-08-22
Maturity Price : 14.10
Evaluated at bid price : 14.10
Bid-YTW : 3.70 %

TRP.PR.J FixedReset Quote: 26.55 – 26.78
Spot Rate : 0.2300
Average : 0.1462

YTW SCENARIO
Maturity Type : Call
Maturity Date : 2021-05-31
Maturity Price : 25.00
Evaluated at bid price : 26.55
Bid-YTW : 3.71 %

HSE.PR.G FixedReset Quote: 24.04 – 24.35
Spot Rate : 0.3100
Average : 0.2283

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2047-08-22
Maturity Price : 23.01
Evaluated at bid price : 24.04
Bid-YTW : 5.17 %

MFC.PR.C Deemed-Retractible Quote: 21.62 – 21.89
Spot Rate : 0.2700
Average : 0.1933

YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 21.62
Bid-YTW : 6.83 %

SLF.PR.D Deemed-Retractible Quote: 21.36 – 21.60
Spot Rate : 0.2400
Average : 0.1872

YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 21.36
Bid-YTW : 7.16 %

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