The TXPR price index managed to eke out another 52-week high today of 674.51 (the close was 674.25), a touch higher than the old mark of 674.37 set yesterday.
| 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 | -0.0786 % | 2,342.2 |
| FixedFloater | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.0786 % | 4,559.5 |
| Floater | 6.82 % | 6.91 % | 52,212 | 12.65 | 2 | -0.0786 % | 2,627.6 |
| OpRet | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.0673 % | 3,678.8 |
| SplitShare | 4.76 % | 4.25 % | 55,868 | 2.43 | 7 | -0.0673 % | 4,393.2 |
| Interest-Bearing | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.0673 % | 3,427.8 |
| Perpetual-Premium | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.2872 % | 3,010.8 |
| Perpetual-Discount | 5.71 % | 5.81 % | 45,501 | 14.17 | 32 | 0.2872 % | 3,283.1 |
| FixedReset Disc | 5.59 % | 6.25 % | 116,364 | 13.22 | 40 | 0.0275 % | 3,008.7 |
| Insurance Straight | 5.61 % | 5.70 % | 53,461 | 14.33 | 19 | -0.0710 % | 3,230.7 |
| FloatingReset | 5.54 % | 5.38 % | 39,933 | 14.83 | 2 | 0.1424 % | 3,697.2 |
| FixedReset Prem | 5.72 % | 4.85 % | 108,981 | 2.59 | 16 | -0.1231 % | 2,632.6 |
| FixedReset Bank Non | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.0275 % | 3,075.5 |
| FixedReset Ins Non | 5.18 % | 5.57 % | 73,364 | 14.20 | 14 | 0.5264 % | 3,088.0 |
| Performance Highlights | |||
| Issue | Index | Change | Notes |
| BN.PR.R | FixedReset Disc | -6.19 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-07-24 Maturity Price : 18.50 Evaluated at bid price : 18.50 Bid-YTW : 7.10 % |
| GWO.PR.H | Insurance Straight | -4.08 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-07-24 Maturity Price : 21.15 Evaluated at bid price : 21.15 Bid-YTW : 5.80 % |
| MFC.PR.B | Insurance Straight | -3.50 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-07-24 Maturity Price : 20.65 Evaluated at bid price : 20.65 Bid-YTW : 5.71 % |
| MFC.PR.M | FixedReset Ins Non | -1.29 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-07-24 Maturity Price : 22.99 Evaluated at bid price : 24.40 Bid-YTW : 5.57 % |
| CU.PR.C | FixedReset Disc | -1.01 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-07-24 Maturity Price : 23.15 Evaluated at bid price : 23.51 Bid-YTW : 5.83 % |
| BN.PF.J | FixedReset Disc | 1.00 % | YTW SCENARIO Maturity Type : Call Maturity Date : 2027-12-31 Maturity Price : 25.00 Evaluated at bid price : 25.25 Bid-YTW : 6.00 % |
| CU.PR.F | Perpetual-Discount | 1.05 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-07-24 Maturity Price : 20.21 Evaluated at bid price : 20.21 Bid-YTW : 5.66 % |
| ENB.PF.A | FixedReset Disc | 1.13 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-07-24 Maturity Price : 21.40 Evaluated at bid price : 21.40 Bid-YTW : 6.78 % |
| GWO.PR.L | Insurance Straight | 1.23 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-07-24 Maturity Price : 24.46 Evaluated at bid price : 24.70 Bid-YTW : 5.77 % |
| BN.PF.D | Perpetual-Discount | 1.27 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-07-24 Maturity Price : 20.73 Evaluated at bid price : 20.73 Bid-YTW : 5.98 % |
| RY.PR.M | FixedReset Disc | 1.38 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-07-24 Maturity Price : 23.87 Evaluated at bid price : 24.65 Bid-YTW : 5.66 % |
| PWF.PR.Z | Perpetual-Discount | 1.91 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-07-24 Maturity Price : 22.04 Evaluated at bid price : 22.40 Bid-YTW : 5.76 % |
| GWO.PR.P | Insurance Straight | 1.96 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-07-24 Maturity Price : 23.61 Evaluated at bid price : 23.88 Bid-YTW : 5.70 % |
| PWF.PR.S | Perpetual-Discount | 2.07 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-07-24 Maturity Price : 21.18 Evaluated at bid price : 21.18 Bid-YTW : 5.70 % |
| PWF.PR.K | Perpetual-Discount | 3.28 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-07-24 Maturity Price : 21.44 Evaluated at bid price : 21.70 Bid-YTW : 5.72 % |
| IFC.PR.I | Insurance Straight | 4.09 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-07-24 Maturity Price : 23.51 Evaluated at bid price : 23.94 Bid-YTW : 5.68 % |
| IFC.PR.A | FixedReset Ins Non | 10.34 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-07-24 Maturity Price : 22.10 Evaluated at bid price : 22.40 Bid-YTW : 5.37 % |
| Volume Highlights | |||
| Issue | Index | Shares Traded |
Notes |
| SLF.PR.G | FixedReset Ins Non | 159,400 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-07-24 Maturity Price : 18.69 Evaluated at bid price : 18.69 Bid-YTW : 5.93 % |
| BEP.PR.G | FixedReset Ins Non | 98,144 | YTW SCENARIO Maturity Type : Call Maturity Date : 2026-01-31 Maturity Price : 25.00 Evaluated at bid price : 25.08 Bid-YTW : 4.66 % |
| BN.PF.H | FixedReset Prem | 70,300 | YTW SCENARIO Maturity Type : Call Maturity Date : 2025-12-31 Maturity Price : 25.00 Evaluated at bid price : 25.21 Bid-YTW : 3.79 % |
| BN.PR.R | FixedReset Disc | 70,152 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-07-24 Maturity Price : 18.50 Evaluated at bid price : 18.50 Bid-YTW : 7.10 % |
| PWF.PR.P | FixedReset Disc | 52,470 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-07-24 Maturity Price : 18.25 Evaluated at bid price : 18.25 Bid-YTW : 6.26 % |
| TD.PF.D | FixedReset Prem | 40,000 | YTW SCENARIO Maturity Type : Call Maturity Date : 2025-08-30 Maturity Price : 25.00 Evaluated at bid price : 24.98 Bid-YTW : 5.58 % |
| There were 7 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 |
| MFC.PR.F | FixedReset Ins Non | Quote: 18.26 – 19.90 Spot Rate : 1.6400 Average : 1.1975 YTW SCENARIO |
| BN.PR.R | FixedReset Disc | Quote: 18.50 – 20.14 Spot Rate : 1.6400 Average : 1.2154 YTW SCENARIO |
| GWO.PR.H | Insurance Straight | Quote: 21.15 – 22.15 Spot Rate : 1.0000 Average : 0.6426 YTW SCENARIO |
| MFC.PR.B | Insurance Straight | Quote: 20.65 – 21.50 Spot Rate : 0.8500 Average : 0.6034 YTW SCENARIO |
| ENB.PF.E | FixedReset Disc | Quote: 20.86 – 21.50 Spot Rate : 0.6400 Average : 0.4110 YTW SCENARIO |
| RY.PR.N | Perpetual-Discount | Quote: 24.76 – 25.35 Spot Rate : 0.5900 Average : 0.3681 YTW SCENARIO |