Holy Smokes! The Canada 5-Year is now yielding 3.28%! Trump’s adventurism is costing a lot of people a lot of money!
| 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 | 0.2215 % | 2,502.3 |
| FixedFloater | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.2215 % | 4,744.8 |
| Floater | 5.74 % | 5.94 % | 44,991 | 13.98 | 3 | 0.2215 % | 2,734.5 |
| OpRet | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.0316 % | 3,649.4 |
| SplitShare | 4.77 % | 4.84 % | 60,791 | 2.84 | 5 | -0.0316 % | 4,358.2 |
| Interest-Bearing | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.0316 % | 3,400.5 |
| Perpetual-Premium | 5.78 % | 5.73 % | 56,968 | 6.64 | 3 | -0.0662 % | 3,041.7 |
| Perpetual-Discount | 5.65 % | 5.72 % | 48,994 | 14.27 | 30 | -0.1750 % | 3,333.5 |
| FixedReset Disc | 5.68 % | 6.07 % | 99,121 | 13.54 | 24 | 0.0839 % | 3,280.3 |
| Insurance Straight | 5.55 % | 5.60 % | 54,632 | 14.45 | 22 | -0.3000 % | 3,248.6 |
| FloatingReset | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.0839 % | 3,902.3 |
| FixedReset Prem | 5.98 % | 4.60 % | 95,470 | 2.33 | 24 | 0.0402 % | 2,652.5 |
| FixedReset Bank Non | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.0839 % | 3,353.2 |
| FixedReset Ins Non | 5.10 % | 5.32 % | 74,972 | 3.25 | 14 | -0.1448 % | 3,242.0 |
| Performance Highlights | |||
| Issue | Index | Change | Notes |
| MFC.PR.B | Insurance Straight | -5.15 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-05-04 Maturity Price : 21.00 Evaluated at bid price : 21.00 Bid-YTW : 5.62 % |
| POW.PR.G | Perpetual-Discount | -2.62 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-05-04 Maturity Price : 23.91 Evaluated at bid price : 24.15 Bid-YTW : 5.85 % |
| GWO.PR.G | Insurance Straight | -2.59 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-05-04 Maturity Price : 22.33 Evaluated at bid price : 22.60 Bid-YTW : 5.82 % |
| PWF.PR.P | FixedReset Disc | -2.21 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-05-04 Maturity Price : 20.75 Evaluated at bid price : 20.75 Bid-YTW : 5.83 % |
| ENB.PF.G | FixedReset Disc | -1.60 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-05-04 Maturity Price : 22.51 Evaluated at bid price : 23.35 Bid-YTW : 6.38 % |
| POW.PR.D | Perpetual-Discount | -1.35 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-05-04 Maturity Price : 21.70 Evaluated at bid price : 21.95 Bid-YTW : 5.74 % |
| MFC.PR.C | Insurance Straight | -1.25 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-05-04 Maturity Price : 21.25 Evaluated at bid price : 21.25 Bid-YTW : 5.37 % |
| GWO.PR.H | Insurance Straight | -1.14 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-05-04 Maturity Price : 21.33 Evaluated at bid price : 21.60 Bid-YTW : 5.67 % |
| ENB.PR.Y | FixedReset Disc | 1.02 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-05-04 Maturity Price : 22.20 Evaluated at bid price : 22.68 Bid-YTW : 6.26 % |
| IFC.PR.F | Insurance Straight | 3.37 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-05-04 Maturity Price : 23.67 Evaluated at bid price : 23.95 Bid-YTW : 5.59 % |
| Volume Highlights | |||
| Issue | Index | Shares Traded |
Notes |
| ENB.PR.T | FixedReset Disc | 57,600 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-05-04 Maturity Price : 23.26 Evaluated at bid price : 24.71 Bid-YTW : 6.02 % |
| BIP.PR.F | FixedReset Prem | 47,600 | YTW SCENARIO Maturity Type : Call Maturity Date : 2029-01-01 Maturity Price : 25.00 Evaluated at bid price : 25.65 Bid-YTW : 5.65 % |
| BN.PR.T | FixedReset Disc | 26,100 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-05-04 Maturity Price : 21.58 Evaluated at bid price : 21.95 Bid-YTW : 6.31 % |
| POW.PR.G | Perpetual-Discount | 22,900 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-05-04 Maturity Price : 23.91 Evaluated at bid price : 24.15 Bid-YTW : 5.85 % |
| POW.PR.B | Perpetual-Discount | 19,800 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-05-04 Maturity Price : 23.32 Evaluated at bid price : 23.60 Bid-YTW : 5.71 % |
| GWO.PR.L | Insurance Straight | 16,300 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-05-04 Maturity Price : 24.64 Evaluated at bid price : 24.89 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 |
| MFC.PR.B | Insurance Straight | Quote: 21.00 – 22.30 Spot Rate : 1.3000 Average : 0.9974 YTW SCENARIO |
| POW.PR.G | Perpetual-Discount | Quote: 24.15 – 24.90 Spot Rate : 0.7500 Average : 0.4566 YTW SCENARIO |
| NA.PR.K | FixedReset Prem | Quote: 27.62 – 28.30 Spot Rate : 0.6800 Average : 0.4037 YTW SCENARIO |
| IFC.PR.I | Insurance Straight | Quote: 22.06 – 24.97 Spot Rate : 2.9100 Average : 2.6730 YTW SCENARIO |
| MFC.PR.C | Insurance Straight | Quote: 21.25 – 22.25 Spot Rate : 1.0000 Average : 0.7893 YTW SCENARIO |
| PWF.PR.R | Perpetual-Discount | Quote: 23.93 – 24.49 Spot Rate : 0.5600 Average : 0.3583 YTW SCENARIO |