Market Action

May 27, 2019

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 0.0546 % 2,076.4
FixedFloater 0.00 % 0.00 % 0 0.00 0 0.0546 % 3,810.0
Floater 5.66 % 6.03 % 52,495 13.77 3 0.0546 % 2,195.7
OpRet 0.00 % 0.00 % 0 0.00 0 -0.1252 % 3,304.3
SplitShare 4.71 % 4.79 % 78,758 4.28 7 -0.1252 % 3,946.1
Interest-Bearing 0.00 % 0.00 % 0 0.00 0 -0.1252 % 3,078.9
Perpetual-Premium 5.53 % 4.93 % 82,529 1.77 12 0.0594 % 2,950.4
Perpetual-Discount 5.44 % 5.46 % 72,784 14.68 20 0.2055 % 3,104.3
FixedReset Disc 5.36 % 5.40 % 147,938 14.88 63 -0.9582 % 2,140.9
Deemed-Retractible 5.23 % 5.88 % 91,822 8.01 27 0.0221 % 3,079.7
FloatingReset 3.96 % 4.43 % 45,462 2.57 4 -0.2425 % 2,409.3
FixedReset Prem 5.12 % 4.02 % 229,079 2.08 21 -0.0613 % 2,582.8
FixedReset Bank Non 1.98 % 4.01 % 142,135 2.59 3 -0.0834 % 2,646.4
FixedReset Ins Non 5.11 % 6.78 % 102,997 8.21 22 -0.4361 % 2,223.9
Performance Highlights
Issue Index Change Notes
NA.PR.S FixedReset Disc -3.25 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-05-27
Maturity Price : 17.88
Evaluated at bid price : 17.88
Bid-YTW : 5.55 %
HSE.PR.C FixedReset Disc -3.05 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-05-27
Maturity Price : 17.50
Evaluated at bid price : 17.50
Bid-YTW : 6.74 %
HSE.PR.A FixedReset Disc -2.90 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-05-27
Maturity Price : 12.05
Evaluated at bid price : 12.05
Bid-YTW : 6.59 %
HSE.PR.E FixedReset Disc -2.76 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-05-27
Maturity Price : 19.03
Evaluated at bid price : 19.03
Bid-YTW : 6.74 %
NA.PR.W FixedReset Disc -2.37 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-05-27
Maturity Price : 16.91
Evaluated at bid price : 16.91
Bid-YTW : 5.60 %
RY.PR.M FixedReset Disc -2.27 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-05-27
Maturity Price : 19.76
Evaluated at bid price : 19.76
Bid-YTW : 5.20 %
BAM.PF.F FixedReset Disc -2.15 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-05-27
Maturity Price : 18.20
Evaluated at bid price : 18.20
Bid-YTW : 6.11 %
BMO.PR.W FixedReset Disc -2.14 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-05-27
Maturity Price : 17.37
Evaluated at bid price : 17.37
Bid-YTW : 5.39 %
BMO.PR.E FixedReset Disc -2.12 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-05-27
Maturity Price : 21.38
Evaluated at bid price : 21.69
Bid-YTW : 5.02 %
EMA.PR.F FixedReset Disc -2.03 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-05-27
Maturity Price : 18.38
Evaluated at bid price : 18.38
Bid-YTW : 5.67 %
BMO.PR.T FixedReset Disc -1.91 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-05-27
Maturity Price : 17.48
Evaluated at bid price : 17.48
Bid-YTW : 5.39 %
HSE.PR.G FixedReset Disc -1.81 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-05-27
Maturity Price : 19.03
Evaluated at bid price : 19.03
Bid-YTW : 6.69 %
TD.PF.C FixedReset Disc -1.80 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-05-27
Maturity Price : 18.02
Evaluated at bid price : 18.02
Bid-YTW : 5.26 %
BAM.PF.G FixedReset Disc -1.66 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-05-27
Maturity Price : 18.35
Evaluated at bid price : 18.35
Bid-YTW : 6.04 %
BMO.PR.D FixedReset Disc -1.60 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-05-27
Maturity Price : 21.85
Evaluated at bid price : 22.16
Bid-YTW : 5.23 %
TD.PF.K FixedReset Disc -1.47 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-05-27
Maturity Price : 20.78
Evaluated at bid price : 20.78
Bid-YTW : 5.19 %
BAM.PF.A FixedReset Disc -1.46 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-05-27
Maturity Price : 19.63
Evaluated at bid price : 19.63
Bid-YTW : 5.94 %
BIP.PR.F FixedReset Disc -1.42 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-05-27
Maturity Price : 20.90
Evaluated at bid price : 20.90
Bid-YTW : 6.22 %
CM.PR.R FixedReset Disc -1.36 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-05-27
Maturity Price : 22.04
Evaluated at bid price : 22.41
Bid-YTW : 5.38 %
MFC.PR.H FixedReset Ins Non -1.35 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 21.16
Bid-YTW : 6.55 %
BMO.PR.Y FixedReset Disc -1.32 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-05-27
Maturity Price : 20.13
Evaluated at bid price : 20.13
Bid-YTW : 5.23 %
MFC.PR.G FixedReset Ins Non -1.32 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 20.18
Bid-YTW : 6.83 %
RY.PR.J FixedReset Disc -1.31 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-05-27
Maturity Price : 20.27
Evaluated at bid price : 20.27
Bid-YTW : 5.23 %
PWF.PR.T FixedReset Disc -1.28 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-05-27
Maturity Price : 18.51
Evaluated at bid price : 18.51
Bid-YTW : 5.42 %
BMO.PR.S FixedReset Disc -1.25 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-05-27
Maturity Price : 18.18
Evaluated at bid price : 18.18
Bid-YTW : 5.30 %
TD.PF.E FixedReset Disc -1.25 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-05-27
Maturity Price : 21.36
Evaluated at bid price : 21.36
Bid-YTW : 5.10 %
BAM.PF.J FixedReset Disc -1.21 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-05-27
Maturity Price : 22.25
Evaluated at bid price : 22.80
Bid-YTW : 5.26 %
BNS.PR.I FixedReset Disc -1.19 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-05-27
Maturity Price : 21.99
Evaluated at bid price : 22.50
Bid-YTW : 4.64 %
MFC.PR.L FixedReset Ins Non -1.15 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 17.15
Bid-YTW : 8.12 %
CM.PR.P FixedReset Disc -1.14 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-05-27
Maturity Price : 17.32
Evaluated at bid price : 17.32
Bid-YTW : 5.46 %
NA.PR.E FixedReset Disc -1.14 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-05-27
Maturity Price : 19.93
Evaluated at bid price : 19.93
Bid-YTW : 5.31 %
MFC.PR.N FixedReset Ins Non -1.12 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 17.60
Bid-YTW : 7.97 %
NA.PR.C FixedReset Disc -1.11 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-05-27
Maturity Price : 21.90
Evaluated at bid price : 22.25
Bid-YTW : 5.46 %
CM.PR.S FixedReset Disc -1.04 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-05-27
Maturity Price : 19.99
Evaluated at bid price : 19.99
Bid-YTW : 5.15 %
NA.PR.G FixedReset Disc -1.00 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-05-27
Maturity Price : 21.38
Evaluated at bid price : 21.69
Bid-YTW : 5.14 %
PWF.PR.Z Perpetual-Discount 1.07 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-05-27
Maturity Price : 23.26
Evaluated at bid price : 23.60
Bid-YTW : 5.50 %
BAM.PF.D Perpetual-Discount 1.27 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-05-27
Maturity Price : 21.50
Evaluated at bid price : 21.50
Bid-YTW : 5.80 %
CCS.PR.C Deemed-Retractible 1.44 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 23.17
Bid-YTW : 6.08 %
PWF.PR.F Perpetual-Discount 1.55 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-05-27
Maturity Price : 23.97
Evaluated at bid price : 24.22
Bid-YTW : 5.47 %
Volume Highlights
Issue Index Shares
Traded
Notes
TD.PF.A FixedReset Disc 71,851 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-05-27
Maturity Price : 18.20
Evaluated at bid price : 18.20
Bid-YTW : 5.20 %
IAF.PR.G FixedReset Ins Non 64,648 YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 21.50
Bid-YTW : 6.06 %
RY.PR.Q FixedReset Prem 52,534 YTW SCENARIO
Maturity Type : Call
Maturity Date : 2021-05-24
Maturity Price : 25.00
Evaluated at bid price : 25.82
Bid-YTW : 3.80 %
TD.PF.L FixedReset Prem 42,590 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-05-27
Maturity Price : 23.20
Evaluated at bid price : 25.10
Bid-YTW : 4.80 %
TD.PF.G FixedReset Prem 33,465 YTW SCENARIO
Maturity Type : Call
Maturity Date : 2021-04-30
Maturity Price : 25.00
Evaluated at bid price : 25.95
Bid-YTW : 3.67 %
TD.PF.B FixedReset Disc 30,910 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-05-27
Maturity Price : 18.25
Evaluated at bid price : 18.25
Bid-YTW : 5.22 %
There were 22 other index-included issues trading in excess of 10,000 shares.
Wide Spread Highlights
Issue Index Quote Data and Yield Notes
HSE.PR.E FixedReset Disc Quote: 19.03 – 20.02
Spot Rate : 0.9900
Average : 0.6360

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-05-27
Maturity Price : 19.03
Evaluated at bid price : 19.03
Bid-YTW : 6.74 %

BMO.PR.S FixedReset Disc Quote: 18.18 – 18.62
Spot Rate : 0.4400
Average : 0.2801

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-05-27
Maturity Price : 18.18
Evaluated at bid price : 18.18
Bid-YTW : 5.30 %

MFC.PR.B Deemed-Retractible Quote: 21.40 – 21.75
Spot Rate : 0.3500
Average : 0.2200

YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 21.40
Bid-YTW : 6.54 %

HSE.PR.G FixedReset Disc Quote: 19.03 – 19.70
Spot Rate : 0.6700
Average : 0.5531

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-05-27
Maturity Price : 19.03
Evaluated at bid price : 19.03
Bid-YTW : 6.69 %

CU.PR.D Perpetual-Discount Quote: 22.55 – 22.90
Spot Rate : 0.3500
Average : 0.2482

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-05-27
Maturity Price : 22.23
Evaluated at bid price : 22.55
Bid-YTW : 5.44 %

MFC.PR.H FixedReset Ins Non Quote: 21.16 – 21.55
Spot Rate : 0.3900
Average : 0.2884

YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 21.16
Bid-YTW : 6.55 %

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