The TXPR price index set a new 52-week high today of 695.07 (which was also the close), eclipsing the previous mark of 694.48 set December 24.
| 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 | 0.3289 % | 2,444.9 |
| FixedFloater | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.3289 % | 4,635.9 |
| Floater | 5.89 % | 6.11 % | 57,382 | 13.79 | 3 | 0.3289 % | 2,671.7 |
| OpRet | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.5784 % | 3,670.2 |
| SplitShare | 4.76 % | 4.18 % | 70,687 | 2.05 | 5 | -0.5784 % | 4,383.0 |
| Interest-Bearing | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.5784 % | 3,419.8 |
| Perpetual-Premium | 5.64 % | 2.43 % | 88,485 | 0.09 | 7 | -0.0056 % | 3,113.6 |
| Perpetual-Discount | 5.52 % | 5.59 % | 49,937 | 14.37 | 26 | 0.3306 % | 3,424.0 |
| FixedReset Disc | 5.77 % | 6.00 % | 101,695 | 13.87 | 31 | 0.2136 % | 3,163.5 |
| Insurance Straight | 5.49 % | 5.48 % | 60,636 | 14.62 | 21 | -0.5243 % | 3,309.7 |
| FloatingReset | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.2136 % | 3,763.3 |
| FixedReset Prem | 5.90 % | 4.56 % | 90,765 | 2.59 | 20 | -0.0230 % | 2,659.0 |
| FixedReset Bank Non | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.2136 % | 3,233.8 |
| FixedReset Ins Non | 5.25 % | 5.34 % | 77,588 | 14.30 | 13 | -0.2207 % | 3,126.5 |
| Performance Highlights | |||
| Issue | Index | Change | Notes |
| IFC.PR.F | Insurance Straight | -9.69 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-12-29 Maturity Price : 21.61 Evaluated at bid price : 21.90 Bid-YTW : 6.08 % |
| MFC.PR.F | FixedReset Ins Non | -6.96 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-12-29 Maturity Price : 17.52 Evaluated at bid price : 17.52 Bid-YTW : 6.15 % |
| FFH.PR.K | FixedReset Prem | -3.61 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-12-29 Maturity Price : 24.20 Evaluated at bid price : 24.58 Bid-YTW : 6.46 % |
| PVS.PR.M | SplitShare | -2.29 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2031-03-31 Maturity Price : 25.00 Evaluated at bid price : 25.16 Bid-YTW : 5.11 % |
| BN.PF.M | FixedReset Prem | 1.08 % | YTW SCENARIO Maturity Type : Call Maturity Date : 2031-01-01 Maturity Price : 25.00 Evaluated at bid price : 26.13 Bid-YTW : 4.77 % |
| CU.PR.F | Perpetual-Discount | 1.11 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-12-29 Maturity Price : 21.02 Evaluated at bid price : 21.02 Bid-YTW : 5.42 % |
| GWO.PR.T | Insurance Straight | 1.22 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-12-29 Maturity Price : 22.94 Evaluated at bid price : 23.20 Bid-YTW : 5.57 % |
| CU.PR.C | FixedReset Disc | 1.23 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-12-29 Maturity Price : 24.26 Evaluated at bid price : 24.60 Bid-YTW : 5.45 % |
| ENB.PF.G | FixedReset Disc | 1.33 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-12-29 Maturity Price : 22.24 Evaluated at bid price : 22.90 Bid-YTW : 6.18 % |
| CU.PR.G | Perpetual-Discount | 1.94 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-12-29 Maturity Price : 21.01 Evaluated at bid price : 21.01 Bid-YTW : 5.42 % |
| BN.PF.D | Perpetual-Discount | 3.45 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-12-29 Maturity Price : 21.34 Evaluated at bid price : 21.61 Bid-YTW : 5.69 % |
| Volume Highlights | |||
| Issue | Index | Shares Traded |
Notes |
| FFH.PR.I | FixedReset Disc | 48,500 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-12-29 Maturity Price : 23.91 Evaluated at bid price : 24.98 Bid-YTW : 5.77 % |
| BN.PF.H | FixedReset Prem | 13,602 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-12-29 Maturity Price : 23.91 Evaluated at bid price : 24.98 Bid-YTW : 7.12 % |
| BN.PR.Z | FixedReset Disc | 13,500 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-12-29 Maturity Price : 23.63 Evaluated at bid price : 25.12 Bid-YTW : 5.86 % |
| PWF.PF.A | Perpetual-Discount | 12,925 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-12-29 Maturity Price : 20.52 Evaluated at bid price : 20.52 Bid-YTW : 5.58 % |
| CM.PR.S | FixedReset Prem | 12,099 | YTW SCENARIO Maturity Type : Call Maturity Date : 2028-01-31 Maturity Price : 25.00 Evaluated at bid price : 25.91 Bid-YTW : 3.82 % |
| CU.PR.K | Perpetual-Discount | 11,400 | YTW SCENARIO Maturity Type : Call Maturity Date : 2035-03-01 Maturity Price : 25.00 Evaluated at bid price : 25.24 Bid-YTW : 5.57 % |
| There were 2 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 |
| IFC.PR.F | Insurance Straight | Quote: 21.90 – 24.80 Spot Rate : 2.9000 Average : 1.7337 YTW SCENARIO |
| MFC.PR.F | FixedReset Ins Non | Quote: 17.52 – 19.14 Spot Rate : 1.6200 Average : 0.9310 YTW SCENARIO |
| FFH.PR.K | FixedReset Prem | Quote: 24.58 – 25.60 Spot Rate : 1.0200 Average : 0.5734 YTW SCENARIO |
| IFC.PR.I | Insurance Straight | Quote: 22.40 – 25.99 Spot Rate : 3.5900 Average : 3.1823 YTW SCENARIO |
| PVS.PR.M | SplitShare | Quote: 25.16 – 25.87 Spot Rate : 0.7100 Average : 0.4735 YTW SCENARIO |
| BN.PR.Z | FixedReset Disc | Quote: 25.12 – 25.75 Spot Rate : 0.6300 Average : 0.3990 YTW SCENARIO |