Market Action

November 1, 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 0.3200 % 1,918.1
FixedFloater 0.00 % 0.00 % 0 0.00 0 0.3200 % 3,519.7
Floater 6.30 % 6.49 % 45,695 13.17 4 0.3200 % 2,028.4
OpRet 0.00 % 0.00 % 0 0.00 0 -0.1070 % 3,381.4
SplitShare 4.66 % 4.72 % 50,082 3.90 7 -0.1070 % 4,038.2
Interest-Bearing 0.00 % 0.00 % 0 0.00 0 -0.1070 % 3,150.7
Perpetual-Premium 5.50 % -20.78 % 55,761 0.09 8 0.0343 % 3,029.9
Perpetual-Discount 5.36 % 5.40 % 63,098 14.72 25 -0.0120 % 3,236.1
FixedReset Disc 5.68 % 5.70 % 177,819 14.32 66 0.2053 % 2,070.4
Deemed-Retractible 5.19 % 5.73 % 64,474 7.81 27 0.1303 % 3,181.5
FloatingReset 6.23 % 6.76 % 90,827 12.81 2 0.7505 % 2,454.4
FixedReset Prem 5.13 % 3.96 % 125,211 1.65 20 0.1255 % 2,609.3
FixedReset Bank Non 1.96 % 4.08 % 91,914 2.18 3 -0.0138 % 2,693.8
FixedReset Ins Non 5.48 % 8.28 % 114,313 7.83 21 -0.0966 % 2,109.4
Performance Highlights
Issue Index Change Notes
BNS.PR.I FixedReset Disc -2.22 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-11-01
Maturity Price : 18.50
Evaluated at bid price : 18.50
Bid-YTW : 5.58 %
IAF.PR.G FixedReset Ins Non -1.69 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 18.58
Bid-YTW : 7.90 %
CU.PR.C FixedReset Disc -1.13 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-11-01
Maturity Price : 16.56
Evaluated at bid price : 16.56
Bid-YTW : 5.77 %
IFC.PR.A FixedReset Ins Non -1.11 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 14.22
Bid-YTW : 10.22 %
TD.PF.E FixedReset Disc -1.00 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-11-01
Maturity Price : 18.81
Evaluated at bid price : 18.81
Bid-YTW : 5.70 %
PWF.PR.T FixedReset Disc 1.02 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-11-01
Maturity Price : 16.87
Evaluated at bid price : 16.87
Bid-YTW : 5.82 %
BIP.PR.E FixedReset Disc 1.03 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-11-01
Maturity Price : 22.11
Evaluated at bid price : 22.55
Bid-YTW : 5.59 %
TD.PF.I FixedReset Disc 1.11 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-11-01
Maturity Price : 20.87
Evaluated at bid price : 20.87
Bid-YTW : 5.36 %
BIP.PR.A FixedReset Disc 1.19 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-11-01
Maturity Price : 19.60
Evaluated at bid price : 19.60
Bid-YTW : 6.42 %
TRP.PR.A FixedReset Disc 1.19 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-11-01
Maturity Price : 13.56
Evaluated at bid price : 13.56
Bid-YTW : 6.24 %
PWF.PR.P FixedReset Disc 1.20 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-11-01
Maturity Price : 12.70
Evaluated at bid price : 12.70
Bid-YTW : 5.89 %
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 : 18.45
Bid-YTW : 8.28 %
BAM.PR.C Floater 1.32 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-11-01
Maturity Price : 10.77
Evaluated at bid price : 10.77
Bid-YTW : 6.51 %
TD.PF.A FixedReset Disc 1.33 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-11-01
Maturity Price : 16.82
Evaluated at bid price : 16.82
Bid-YTW : 5.48 %
BAM.PR.T FixedReset Disc 1.42 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-11-01
Maturity Price : 15.03
Evaluated at bid price : 15.03
Bid-YTW : 6.22 %
TRP.PR.C FixedReset Disc 1.48 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-11-01
Maturity Price : 11.66
Evaluated at bid price : 11.66
Bid-YTW : 6.29 %
HSE.PR.A FixedReset Disc 1.49 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-11-01
Maturity Price : 10.93
Evaluated at bid price : 10.93
Bid-YTW : 7.12 %
BAM.PR.R FixedReset Disc 1.56 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-11-01
Maturity Price : 14.95
Evaluated at bid price : 14.95
Bid-YTW : 6.18 %
EMA.PR.E Perpetual-Discount 1.64 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-11-01
Maturity Price : 21.10
Evaluated at bid price : 21.10
Bid-YTW : 5.35 %
HSE.PR.E FixedReset Disc 2.04 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-11-01
Maturity Price : 17.52
Evaluated at bid price : 17.52
Bid-YTW : 7.21 %
Volume Highlights
Issue Index Shares
Traded
Notes
BAM.PF.I FixedReset Prem 100,633 YTW SCENARIO
Maturity Type : Call
Maturity Date : 2022-03-31
Maturity Price : 25.00
Evaluated at bid price : 25.37
Bid-YTW : 4.36 %
TRP.PR.K FixedReset Prem 77,428 YTW SCENARIO
Maturity Type : Call
Maturity Date : 2022-05-31
Maturity Price : 25.00
Evaluated at bid price : 25.45
Bid-YTW : 4.53 %
TD.PF.M FixedReset Disc 49,675 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-11-01
Maturity Price : 22.99
Evaluated at bid price : 24.47
Bid-YTW : 5.06 %
TRP.PR.J FixedReset Prem 42,756 YTW SCENARIO
Maturity Type : Call
Maturity Date : 2021-05-31
Maturity Price : 25.00
Evaluated at bid price : 26.17
Bid-YTW : 3.07 %
BAM.PF.C Perpetual-Discount 30,900 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-11-01
Maturity Price : 21.80
Evaluated at bid price : 21.80
Bid-YTW : 5.63 %
HSE.PR.A FixedReset Disc 30,200 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-11-01
Maturity Price : 10.93
Evaluated at bid price : 10.93
Bid-YTW : 7.12 %
There were 39 other index-included issues trading in excess of 10,000 shares.
Wide Spread Highlights
Issue Index Quote Data and Yield Notes
BNS.PR.I FixedReset Disc Quote: 18.50 – 18.93
Spot Rate : 0.4300
Average : 0.2785

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-11-01
Maturity Price : 18.50
Evaluated at bid price : 18.50
Bid-YTW : 5.58 %

MFC.PR.R FixedReset Ins Non Quote: 24.30 – 24.70
Spot Rate : 0.4000
Average : 0.2568

YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 24.30
Bid-YTW : 5.62 %

BNS.PR.Y FixedReset Bank Non Quote: 24.63 – 24.99
Spot Rate : 0.3600
Average : 0.2347

YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2022-01-31
Maturity Price : 25.00
Evaluated at bid price : 24.63
Bid-YTW : 3.05 %

IFC.PR.G FixedReset Ins Non Quote: 18.15 – 18.48
Spot Rate : 0.3300
Average : 0.2135

YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 18.15
Bid-YTW : 8.55 %

MFC.PR.I FixedReset Ins Non Quote: 18.50 – 18.98
Spot Rate : 0.4800
Average : 0.3729

YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 18.50
Bid-YTW : 8.23 %

BAM.PR.R FixedReset Disc Quote: 14.95 – 15.34
Spot Rate : 0.3900
Average : 0.2939

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-11-01
Maturity Price : 14.95
Evaluated at bid price : 14.95
Bid-YTW : 6.18 %

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