| 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 | 0.2767 % | 2,458.5 |
| FixedFloater | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.2767 % | 4,661.7 |
| Floater | 5.86 % | 6.11 % | 55,507 | 13.74 | 3 | 0.2767 % | 2,686.5 |
| OpRet | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.1339 % | 3,658.4 |
| SplitShare | 4.77 % | 4.52 % | 83,968 | 3.07 | 5 | -0.1339 % | 4,368.9 |
| Interest-Bearing | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.1339 % | 3,408.8 |
| Perpetual-Premium | 5.68 % | 5.63 % | 84,537 | 14.22 | 9 | -0.2075 % | 3,080.2 |
| Perpetual-Discount | 5.62 % | 5.68 % | 49,519 | 14.36 | 25 | -1.2711 % | 3,360.5 |
| FixedReset Disc | 5.88 % | 6.00 % | 111,363 | 13.76 | 29 | -0.1116 % | 3,158.8 |
| Insurance Straight | 5.49 % | 5.57 % | 63,219 | 14.50 | 22 | 0.1032 % | 3,316.1 |
| FloatingReset | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.1116 % | 3,757.7 |
| FixedReset Prem | 6.01 % | 4.55 % | 95,286 | 2.15 | 19 | -0.7119 % | 2,631.6 |
| FixedReset Bank Non | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.1116 % | 3,228.9 |
| FixedReset Ins Non | 5.29 % | 5.41 % | 72,781 | 14.44 | 14 | 0.1324 % | 3,123.9 |
| Performance Highlights | |||
| Issue | Index | Change | Notes |
| CU.PR.G | Perpetual-Discount | -30.57 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-01-26 Maturity Price : 14.51 Evaluated at bid price : 14.51 Bid-YTW : 7.94 % |
| NA.PR.K | FixedReset Prem | -9.65 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-01-26 Maturity Price : 23.34 Evaluated at bid price : 25.00 Bid-YTW : 7.10 % |
| ENB.PR.T | FixedReset Disc | -3.54 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-01-26 Maturity Price : 22.15 Evaluated at bid price : 22.60 Bid-YTW : 6.31 % |
| PWF.PR.K | Perpetual-Discount | -3.13 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-01-26 Maturity Price : 21.36 Evaluated at bid price : 21.36 Bid-YTW : 5.83 % |
| CU.PR.J | Perpetual-Discount | -2.81 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-01-26 Maturity Price : 21.09 Evaluated at bid price : 21.09 Bid-YTW : 5.73 % |
| BN.PF.E | FixedReset Disc | -2.78 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-01-26 Maturity Price : 21.93 Evaluated at bid price : 22.36 Bid-YTW : 6.08 % |
| POW.PR.H | Perpetual-Premium | -2.38 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-01-26 Maturity Price : 24.22 Evaluated at bid price : 24.60 Bid-YTW : 5.88 % |
| MFC.PR.J | FixedReset Ins Non | -2.00 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-01-26 Maturity Price : 23.55 Evaluated at bid price : 24.99 Bid-YTW : 5.62 % |
| BN.PF.F | FixedReset Disc | -1.61 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-01-26 Maturity Price : 23.10 Evaluated at bid price : 24.50 Bid-YTW : 5.91 % |
| ENB.PR.J | FixedReset Disc | -1.32 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-01-26 Maturity Price : 22.10 Evaluated at bid price : 22.50 Bid-YTW : 6.31 % |
| PWF.PR.R | Perpetual-Discount | -1.15 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-01-26 Maturity Price : 23.82 Evaluated at bid price : 24.07 Bid-YTW : 5.74 % |
| MFC.PR.N | FixedReset Ins Non | 1.26 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-01-26 Maturity Price : 22.93 Evaluated at bid price : 24.20 Bid-YTW : 5.37 % |
| GWO.PR.T | Insurance Straight | 1.30 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-01-26 Maturity Price : 23.11 Evaluated at bid price : 23.40 Bid-YTW : 5.55 % |
| BN.PF.D | Perpetual-Discount | 1.85 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-01-26 Maturity Price : 21.49 Evaluated at bid price : 21.49 Bid-YTW : 5.77 % |
| ENB.PF.C | FixedReset Disc | 2.86 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-01-26 Maturity Price : 22.11 Evaluated at bid price : 22.63 Bid-YTW : 6.20 % |
| MFC.PR.F | FixedReset Ins Non | 4.47 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-01-26 Maturity Price : 18.92 Evaluated at bid price : 18.92 Bid-YTW : 5.70 % |
| Volume Highlights | |||
| Issue | Index | Shares Traded |
Notes |
| NA.PR.C | FixedReset Prem | 45,200 | YTW SCENARIO Maturity Type : Call Maturity Date : 2027-11-15 Maturity Price : 25.00 Evaluated at bid price : 26.05 Bid-YTW : 4.41 % |
| BN.PR.T | FixedReset Disc | 34,900 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-01-26 Maturity Price : 21.40 Evaluated at bid price : 21.40 Bid-YTW : 6.04 % |
| PWF.PR.S | Perpetual-Discount | 26,900 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-01-26 Maturity Price : 21.59 Evaluated at bid price : 21.85 Bid-YTW : 5.51 % |
| BN.PF.F | FixedReset Disc | 17,800 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-01-26 Maturity Price : 23.10 Evaluated at bid price : 24.50 Bid-YTW : 5.91 % |
| PWF.PR.A | Floater | 14,000 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-01-26 Maturity Price : 14.04 Evaluated at bid price : 14.04 Bid-YTW : 5.57 % |
| PWF.PR.R | Perpetual-Discount | 13,200 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-01-26 Maturity Price : 23.82 Evaluated at bid price : 24.07 Bid-YTW : 5.74 % |
| There were 3 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 |
| CU.PR.G | Perpetual-Discount | Quote: 14.51 – 21.23 Spot Rate : 6.7200 Average : 3.6664 YTW SCENARIO |
| NA.PR.K | FixedReset Prem | Quote: 25.00 – 28.15 Spot Rate : 3.1500 Average : 1.8488 YTW SCENARIO |
| SLF.PR.E | Insurance Straight | Quote: 21.70 – 23.44 Spot Rate : 1.7400 Average : 0.9883 YTW SCENARIO |
| GWO.PR.T | Insurance Straight | Quote: 23.40 – 25.00 Spot Rate : 1.6000 Average : 1.0514 YTW SCENARIO |
| BN.PR.B | Floater | Quote: 12.91 – 13.91 Spot Rate : 1.0000 Average : 0.5533 YTW SCENARIO |
| PWF.PR.K | Perpetual-Discount | Quote: 21.36 – 22.36 Spot Rate : 1.0000 Average : 0.6099 YTW SCENARIO |