Market Action

June 25, 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 -2.5671 % 1,885.2
FixedFloater 0.00 % 0.00 % 0 0.00 0 -2.5671 % 3,459.2
Floater 6.28 % 6.54 % 72,646 13.14 3 -2.5671 % 1,993.5
OpRet 0.00 % 0.00 % 0 0.00 0 -0.0569 % 3,312.0
SplitShare 4.70 % 4.79 % 77,817 4.20 7 -0.0569 % 3,955.2
Interest-Bearing 0.00 % 0.00 % 0 0.00 0 -0.0569 % 3,086.0
Perpetual-Premium 5.62 % -10.19 % 72,645 0.09 7 0.0225 % 2,950.1
Perpetual-Discount 5.50 % 5.60 % 60,969 14.49 26 0.1758 % 3,077.1
FixedReset Disc 5.54 % 5.39 % 163,225 14.70 70 -0.0173 % 2,062.6
Deemed-Retractible 5.28 % 5.97 % 74,749 8.01 27 -0.0112 % 3,078.9
FloatingReset 4.08 % 4.62 % 53,335 2.49 4 0.0796 % 2,335.7
FixedReset Prem 5.11 % 3.91 % 188,672 1.82 16 -0.0048 % 2,583.7
FixedReset Bank Non 1.97 % 4.05 % 147,435 2.51 3 0.3763 % 2,650.8
FixedReset Ins Non 5.38 % 7.57 % 94,974 8.10 22 0.0025 % 2,112.5
Performance Highlights
Issue Index Change Notes
PWF.PR.A Floater -3.56 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-06-25
Maturity Price : 11.91
Evaluated at bid price : 11.91
Bid-YTW : 5.88 %
BAM.PR.B Floater -2.48 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-06-25
Maturity Price : 10.61
Evaluated at bid price : 10.61
Bid-YTW : 6.54 %
PWF.PR.T FixedReset Disc -2.08 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-06-25
Maturity Price : 17.87
Evaluated at bid price : 17.87
Bid-YTW : 5.48 %
NA.PR.G FixedReset Disc -1.90 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-06-25
Maturity Price : 20.60
Evaluated at bid price : 20.60
Bid-YTW : 5.32 %
BAM.PR.K Floater -1.50 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-06-25
Maturity Price : 10.50
Evaluated at bid price : 10.50
Bid-YTW : 6.61 %
BIP.PR.D FixedReset Disc -1.27 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-06-25
Maturity Price : 22.11
Evaluated at bid price : 22.46
Bid-YTW : 5.69 %
TRP.PR.F FloatingReset -1.25 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-06-25
Maturity Price : 13.38
Evaluated at bid price : 13.38
Bid-YTW : 6.72 %
BAM.PF.A FixedReset Disc -1.18 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-06-25
Maturity Price : 18.40
Evaluated at bid price : 18.40
Bid-YTW : 6.09 %
MFC.PR.M FixedReset Ins Non -1.13 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 16.58
Bid-YTW : 8.68 %
MFC.PR.O FixedReset Ins Non -1.11 % YTW SCENARIO
Maturity Type : Call
Maturity Date : 2021-06-19
Maturity Price : 25.00
Evaluated at bid price : 25.77
Bid-YTW : 4.05 %
MFC.PR.F FixedReset Ins Non -1.10 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 13.50
Bid-YTW : 9.68 %
IAF.PR.I FixedReset Ins Non -1.09 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 20.04
Bid-YTW : 7.14 %
SLF.PR.H FixedReset Ins Non 1.01 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 15.96
Bid-YTW : 8.63 %
RY.PR.M FixedReset Disc 1.08 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-06-25
Maturity Price : 18.80
Evaluated at bid price : 18.80
Bid-YTW : 5.29 %
CU.PR.D Perpetual-Discount 1.08 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-06-25
Maturity Price : 22.24
Evaluated at bid price : 22.55
Bid-YTW : 5.47 %
BIP.PR.E FixedReset Disc 1.19 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-06-25
Maturity Price : 21.25
Evaluated at bid price : 21.25
Bid-YTW : 5.92 %
MFC.PR.J FixedReset Ins Non 1.21 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 19.21
Bid-YTW : 7.54 %
RY.PR.J FixedReset Disc 1.29 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-06-25
Maturity Price : 19.58
Evaluated at bid price : 19.58
Bid-YTW : 5.24 %
EMA.PR.F FixedReset Disc 1.30 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-06-25
Maturity Price : 17.12
Evaluated at bid price : 17.12
Bid-YTW : 5.89 %
CM.PR.S FixedReset Disc 1.92 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-06-25
Maturity Price : 19.08
Evaluated at bid price : 19.08
Bid-YTW : 5.26 %
CIU.PR.A Perpetual-Discount 2.16 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-06-25
Maturity Price : 21.25
Evaluated at bid price : 21.25
Bid-YTW : 5.47 %
HSE.PR.C FixedReset Disc 2.81 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-06-25
Maturity Price : 18.30
Evaluated at bid price : 18.30
Bid-YTW : 6.15 %
Volume Highlights
Issue Index Shares
Traded
Notes
GWO.PR.G Deemed-Retractible 312,800 YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 23.37
Bid-YTW : 6.07 %
BMO.PR.T FixedReset Disc 57,338 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-06-25
Maturity Price : 16.52
Evaluated at bid price : 16.52
Bid-YTW : 5.49 %
CM.PR.R FixedReset Disc 45,127 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-06-25
Maturity Price : 21.24
Evaluated at bid price : 21.52
Bid-YTW : 5.48 %
TD.PF.M FixedReset Disc 41,103 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-06-25
Maturity Price : 23.04
Evaluated at bid price : 24.66
Bid-YTW : 4.98 %
TD.PF.C FixedReset Disc 37,778 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-06-25
Maturity Price : 17.20
Evaluated at bid price : 17.20
Bid-YTW : 5.32 %
HSE.PR.C FixedReset Disc 29,500 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-06-25
Maturity Price : 18.30
Evaluated at bid price : 18.30
Bid-YTW : 6.15 %
There were 37 other index-included issues trading in excess of 10,000 shares.
Wide Spread Highlights
Issue Index Quote Data and Yield Notes
PVS.PR.G SplitShare Quote: 25.15 – 25.56
Spot Rate : 0.4100
Average : 0.2401

YTW SCENARIO
Maturity Type : Option Certainty
Maturity Date : 2026-02-28
Maturity Price : 25.00
Evaluated at bid price : 25.15
Bid-YTW : 4.86 %

MFC.PR.G FixedReset Ins Non Quote: 18.81 – 19.31
Spot Rate : 0.5000
Average : 0.3357

YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 18.81
Bid-YTW : 7.63 %

PWF.PR.T FixedReset Disc Quote: 17.87 – 18.30
Spot Rate : 0.4300
Average : 0.2754

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-06-25
Maturity Price : 17.87
Evaluated at bid price : 17.87
Bid-YTW : 5.48 %

CCS.PR.C Deemed-Retractible Quote: 23.85 – 24.20
Spot Rate : 0.3500
Average : 0.2378

YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 23.85
Bid-YTW : 5.61 %

IFC.PR.C FixedReset Ins Non Quote: 17.98 – 18.33
Spot Rate : 0.3500
Average : 0.2397

YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 17.98
Bid-YTW : 7.79 %

PWF.PR.K Perpetual-Discount Quote: 22.13 – 22.39
Spot Rate : 0.2600
Average : 0.1613

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-06-25
Maturity Price : 21.89
Evaluated at bid price : 22.13
Bid-YTW : 5.68 %

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