The TXPR price index set a new 52-week high today of 702.72, eclipsing the old mark of 702.39 set Friday. That was in the morning … it eased to 700.67 at the close.
| 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 | -0.2607 % | 2,490.8 |
| FixedFloater | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.2607 % | 4,722.9 |
| Floater | 5.81 % | 5.95 % | 31,749 | 13.97 | 4 | -0.2607 % | 2,721.8 |
| OpRet | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.1104 % | 3,663.3 |
| SplitShare | 4.77 % | 4.55 % | 65,679 | 2.86 | 5 | 0.1104 % | 4,374.7 |
| Interest-Bearing | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.1104 % | 3,413.3 |
| Perpetual-Premium | 5.85 % | -4.35 % | 57,176 | 0.08 | 1 | -0.3953 % | 3,025.7 |
| Perpetual-Discount | 5.68 % | 5.73 % | 50,080 | 14.29 | 34 | -0.1070 % | 3,338.0 |
| FixedReset Disc | 5.77 % | 5.98 % | 116,671 | 13.70 | 27 | 0.0000 % | 3,259.6 |
| Insurance Straight | 5.52 % | 5.59 % | 54,505 | 14.46 | 22 | 0.3306 % | 3,292.1 |
| FloatingReset | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.0000 % | 3,877.7 |
| FixedReset Prem | 6.01 % | 4.58 % | 94,592 | 2.35 | 21 | -0.0865 % | 2,639.9 |
| FixedReset Bank Non | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.0000 % | 3,332.0 |
| FixedReset Ins Non | 5.11 % | 5.39 % | 76,988 | 14.50 | 14 | -0.1897 % | 3,234.0 |
| Performance Highlights | |||
| Issue | Index | Change | Notes |
| MFC.PR.C | Insurance Straight | -3.95 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-04-27 Maturity Price : 20.65 Evaluated at bid price : 20.65 Bid-YTW : 5.52 % |
| PWF.PR.E | Perpetual-Discount | -2.50 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-04-27 Maturity Price : 23.14 Evaluated at bid price : 23.40 Bid-YTW : 5.90 % |
| IFC.PR.A | FixedReset Ins Non | -1.77 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-04-27 Maturity Price : 21.77 Evaluated at bid price : 22.25 Bid-YTW : 5.46 % |
| SLF.PR.H | FixedReset Ins Non | -1.64 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-04-27 Maturity Price : 23.18 Evaluated at bid price : 24.00 Bid-YTW : 5.44 % |
| PWF.PR.S | Perpetual-Discount | -1.62 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-04-27 Maturity Price : 20.71 Evaluated at bid price : 20.71 Bid-YTW : 5.83 % |
| MFC.PR.B | Insurance Straight | -1.58 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-04-27 Maturity Price : 21.54 Evaluated at bid price : 21.80 Bid-YTW : 5.39 % |
| ENB.PR.D | FixedReset Disc | -1.17 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-04-27 Maturity Price : 21.60 Evaluated at bid price : 22.01 Bid-YTW : 6.31 % |
| BN.PR.B | Floater | -1.14 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-04-27 Maturity Price : 13.05 Evaluated at bid price : 13.05 Bid-YTW : 6.04 % |
| ENB.PR.P | FixedReset Disc | -1.09 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-04-27 Maturity Price : 22.77 Evaluated at bid price : 23.55 Bid-YTW : 6.09 % |
| SLF.PR.E | Insurance Straight | 1.46 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-04-27 Maturity Price : 21.50 Evaluated at bid price : 21.50 Bid-YTW : 5.29 % |
| FTS.PR.H | FixedReset Disc | 1.49 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-04-27 Maturity Price : 20.40 Evaluated at bid price : 20.40 Bid-YTW : 5.57 % |
| GWO.PR.G | Insurance Straight | 2.65 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-04-27 Maturity Price : 22.93 Evaluated at bid price : 23.20 Bid-YTW : 5.66 % |
| GWO.PR.Q | Insurance Straight | 2.99 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-04-27 Maturity Price : 22.79 Evaluated at bid price : 23.07 Bid-YTW : 5.63 % |
| SLF.PR.G | FixedReset Ins Non | 3.77 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-04-27 Maturity Price : 20.39 Evaluated at bid price : 20.39 Bid-YTW : 5.51 % |
| IFC.PR.E | Insurance Straight | 6.80 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-04-27 Maturity Price : 23.41 Evaluated at bid price : 23.71 Bid-YTW : 5.53 % |
| Volume Highlights | |||
| Issue | Index | Shares Traded |
Notes |
| ENB.PF.C | FixedReset Disc | 153,000 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-04-27 Maturity Price : 22.50 Evaluated at bid price : 23.25 Bid-YTW : 6.18 % |
| BN.PR.R | FixedReset Disc | 79,100 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-04-27 Maturity Price : 22.47 Evaluated at bid price : 23.37 Bid-YTW : 5.77 % |
| ENB.PR.N | FixedReset Disc | 31,700 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-04-27 Maturity Price : 23.39 Evaluated at bid price : 24.82 Bid-YTW : 6.01 % |
| BN.PR.T | FixedReset Disc | 27,900 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-04-27 Maturity Price : 21.50 Evaluated at bid price : 21.50 Bid-YTW : 6.25 % |
| FTS.PR.G | FixedReset Disc | 24,700 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-04-27 Maturity Price : 23.51 Evaluated at bid price : 25.03 Bid-YTW : 5.38 % |
| BN.PF.E | FixedReset Disc | 23,100 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-04-27 Maturity Price : 22.84 Evaluated at bid price : 23.95 Bid-YTW : 5.80 % |
| There were 9 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 |
| GWO.PR.T | Insurance Straight | Quote: 22.50 – 25.00 Spot Rate : 2.5000 Average : 1.7691 YTW SCENARIO |
| ENB.PR.B | FixedReset Disc | Quote: 22.25 – 24.00 Spot Rate : 1.7500 Average : 1.0500 YTW SCENARIO |
| SLF.PR.H | FixedReset Ins Non | Quote: 24.00 – 26.00 Spot Rate : 2.0000 Average : 1.4138 YTW SCENARIO |
| MFC.PR.C | Insurance Straight | Quote: 20.65 – 22.25 Spot Rate : 1.6000 Average : 1.0678 YTW SCENARIO |
| MFC.PR.B | Insurance Straight | Quote: 21.80 – 22.99 Spot Rate : 1.1900 Average : 0.7428 YTW SCENARIO |
| BN.PR.Z | FixedReset Prem | Quote: 24.05 – 25.66 Spot Rate : 1.6100 Average : 1.2748 YTW SCENARIO |