The TXPR price index set a new 52-week high today of 694.48, edging the old mark of 694.34 set yesterday.
Merry Christmas!
| 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 | 0.2791 % | 2,436.9 |
| FixedFloater | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.2791 % | 4,620.7 |
| Floater | 5.91 % | 6.11 % | 56,796 | 13.78 | 3 | 0.2791 % | 2,663.0 |
| OpRet | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.6055 % | 3,691.6 |
| SplitShare | 4.73 % | 4.08 % | 71,167 | 1.14 | 5 | 0.6055 % | 4,408.5 |
| Interest-Bearing | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.6055 % | 3,439.7 |
| Perpetual-Premium | 5.64 % | 0.51 % | 87,003 | 0.09 | 7 | -0.0674 % | 3,113.8 |
| Perpetual-Discount | 5.54 % | 5.63 % | 49,577 | 14.42 | 26 | -0.4466 % | 3,412.7 |
| FixedReset Disc | 5.78 % | 6.07 % | 101,821 | 13.63 | 31 | 0.2536 % | 3,156.8 |
| Insurance Straight | 5.46 % | 5.48 % | 61,241 | 14.65 | 21 | 2.0081 % | 3,327.2 |
| FloatingReset | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.2536 % | 3,755.3 |
| FixedReset Prem | 5.90 % | 4.20 % | 94,420 | 2.60 | 20 | -0.1227 % | 2,659.6 |
| FixedReset Bank Non | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.2536 % | 3,226.9 |
| FixedReset Ins Non | 5.23 % | 5.40 % | 77,803 | 14.36 | 13 | 0.2477 % | 3,133.4 |
| Performance Highlights | |||
| Issue | Index | Change | Notes |
| BN.PF.D | Perpetual-Discount | -3.55 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-12-24 Maturity Price : 20.89 Evaluated at bid price : 20.89 Bid-YTW : 5.90 % |
| ENB.PR.B | FixedReset Disc | -2.10 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-12-24 Maturity Price : 21.00 Evaluated at bid price : 21.00 Bid-YTW : 6.49 % |
| CU.PR.F | Perpetual-Discount | -1.70 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-12-24 Maturity Price : 20.79 Evaluated at bid price : 20.79 Bid-YTW : 5.47 % |
| MFC.PR.B | Insurance Straight | -1.35 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-12-24 Maturity Price : 21.65 Evaluated at bid price : 21.90 Bid-YTW : 5.33 % |
| TD.PF.I | FixedReset Prem | -1.20 % | YTW SCENARIO Maturity Type : Call Maturity Date : 2027-10-31 Maturity Price : 25.00 Evaluated at bid price : 26.38 Bid-YTW : 3.74 % |
| CU.PR.G | Perpetual-Discount | -1.15 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-12-24 Maturity Price : 20.61 Evaluated at bid price : 20.61 Bid-YTW : 5.52 % |
| SLF.PR.C | Insurance Straight | -1.13 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-12-24 Maturity Price : 21.54 Evaluated at bid price : 21.80 Bid-YTW : 5.11 % |
| GWO.PR.T | Insurance Straight | -1.12 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-12-24 Maturity Price : 22.66 Evaluated at bid price : 22.92 Bid-YTW : 5.64 % |
| POW.PR.C | Perpetual-Premium | 1.01 % | YTW SCENARIO Maturity Type : Call Maturity Date : 2026-01-23 Maturity Price : 25.00 Evaluated at bid price : 25.90 Bid-YTW : -37.49 % |
| ENB.PF.C | FixedReset Disc | 1.08 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-12-24 Maturity Price : 22.05 Evaluated at bid price : 22.55 Bid-YTW : 6.26 % |
| GWO.PR.Y | Insurance Straight | 1.21 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-12-24 Maturity Price : 20.95 Evaluated at bid price : 20.95 Bid-YTW : 5.40 % |
| PWF.PR.H | Perpetual-Premium | 1.28 % | YTW SCENARIO Maturity Type : Call Maturity Date : 2026-01-23 Maturity Price : 25.00 Evaluated at bid price : 25.32 Bid-YTW : 0.51 % |
| IFC.PR.C | FixedReset Ins Non | 1.39 % | YTW SCENARIO Maturity Type : Call Maturity Date : 2026-09-30 Maturity Price : 25.00 Evaluated at bid price : 24.85 Bid-YTW : 4.20 % |
| IFC.PR.E | Insurance Straight | 1.53 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-12-24 Maturity Price : 23.53 Evaluated at bid price : 23.83 Bid-YTW : 5.47 % |
| PVS.PR.L | SplitShare | 2.09 % | YTW SCENARIO Maturity Type : Call Maturity Date : 2026-01-23 Maturity Price : 26.00 Evaluated at bid price : 26.38 Bid-YTW : -9.19 % |
| BN.PR.R | FixedReset Disc | 2.22 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-12-24 Maturity Price : 21.20 Evaluated at bid price : 21.20 Bid-YTW : 6.20 % |
| ENB.PR.F | FixedReset Disc | 4.37 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-12-24 Maturity Price : 21.57 Evaluated at bid price : 21.97 Bid-YTW : 6.33 % |
| GWO.PR.L | Insurance Straight | 62.00 % | YTW SCENARIO Maturity Type : Call Maturity Date : 2026-01-23 Maturity Price : 25.00 Evaluated at bid price : 25.11 Bid-YTW : -1.02 % |
| Volume Highlights | |||
| Issue | Index | Shares Traded |
Notes |
| FFH.PR.I | FixedReset Disc | 569,100 | YTW SCENARIO Maturity Type : Call Maturity Date : 2026-01-30 Maturity Price : 25.00 Evaluated at bid price : 24.98 Bid-YTW : 5.60 % |
| BIP.PR.B | FixedReset Disc | 33,178 | YTW SCENARIO Maturity Type : Call Maturity Date : 2026-01-30 Maturity Price : 25.00 Evaluated at bid price : 24.98 Bid-YTW : 7.00 % |
| BN.PF.H | FixedReset Prem | 27,300 | YTW SCENARIO Maturity Type : Call Maturity Date : 2026-01-30 Maturity Price : 25.00 Evaluated at bid price : 24.98 Bid-YTW : 6.70 % |
| ENB.PR.B | FixedReset Disc | 16,082 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-12-24 Maturity Price : 21.00 Evaluated at bid price : 21.00 Bid-YTW : 6.49 % |
| There were 0 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 |
| BN.PF.D | Perpetual-Discount | Quote: 20.89 – 21.99 Spot Rate : 1.1000 Average : 0.6846 YTW SCENARIO |
| BN.PF.J | FixedReset Prem | Quote: 26.00 – 27.00 Spot Rate : 1.0000 Average : 0.7107 YTW SCENARIO |
| ENB.PF.C | FixedReset Disc | Quote: 22.55 – 23.50 Spot Rate : 0.9500 Average : 0.7226 YTW SCENARIO |
| ENB.PR.Y | FixedReset Disc | Quote: 21.40 – 21.90 Spot Rate : 0.5000 Average : 0.3254 YTW SCENARIO |
| POW.PR.B | Perpetual-Discount | Quote: 24.15 – 24.65 Spot Rate : 0.5000 Average : 0.3356 YTW SCENARIO |
| TD.PF.I | FixedReset Prem | Quote: 26.38 – 26.89 Spot Rate : 0.5100 Average : 0.3524 YTW SCENARIO |