The TXPR price index set a new 52-week high today of 708.07, eclipsing the old mark of 706.20 set on May 8. Canada five-year yields jumped 7bp to 3.19%.
| 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 | -0.7522 % | 2,512.8 |
| FixedFloater | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.7522 % | 4,764.6 |
| Floater | 5.71 % | 5.88 % | 44,617 | 14.05 | 3 | -0.7522 % | 2,745.9 |
| OpRet | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.0157 % | 3,659.2 |
| SplitShare | 4.76 % | 4.55 % | 55,047 | 2.82 | 5 | -0.0157 % | 4,369.9 |
| Interest-Bearing | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.0157 % | 3,409.6 |
| Perpetual-Premium | 5.78 % | 5.74 % | 52,231 | 6.62 | 3 | -0.0529 % | 3,042.1 |
| Perpetual-Discount | 5.62 % | 5.66 % | 53,249 | 14.36 | 30 | 0.1732 % | 3,351.6 |
| FixedReset Disc | 5.58 % | 5.85 % | 97,446 | 13.86 | 24 | 0.2930 % | 3,343.3 |
| Insurance Straight | 5.49 % | 5.60 % | 54,101 | 14.44 | 22 | 0.1213 % | 3,281.0 |
| FloatingReset | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.2930 % | 3,977.2 |
| FixedReset Prem | 5.97 % | 4.45 % | 89,832 | 2.31 | 24 | 0.0819 % | 2,657.5 |
| FixedReset Bank Non | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.2930 % | 3,417.5 |
| FixedReset Ins Non | 5.09 % | 5.35 % | 69,225 | 14.27 | 14 | -0.0976 % | 3,243.0 |
| Performance Highlights | |||
| Issue | Index | Change | Notes |
| IFC.PR.A | FixedReset Ins Non | -3.76 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-05-11 Maturity Price : 21.61 Evaluated at bid price : 22.02 Bid-YTW : 5.55 % |
| BN.PR.K | Floater | -1.85 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-05-11 Maturity Price : 13.30 Evaluated at bid price : 13.30 Bid-YTW : 5.94 % |
| PWF.PF.A | Perpetual-Discount | -1.79 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-05-11 Maturity Price : 19.80 Evaluated at bid price : 19.80 Bid-YTW : 5.73 % |
| BN.PR.R | FixedReset Disc | -1.51 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-05-11 Maturity Price : 22.51 Evaluated at bid price : 23.45 Bid-YTW : 5.77 % |
| IFC.PR.F | Insurance Straight | -1.50 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-05-11 Maturity Price : 23.31 Evaluated at bid price : 23.60 Bid-YTW : 5.68 % |
| GWO.PR.Q | Insurance Straight | -1.08 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-05-11 Maturity Price : 22.60 Evaluated at bid price : 22.85 Bid-YTW : 5.70 % |
| IFC.PR.M | Perpetual-Discount | 1.00 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-05-11 Maturity Price : 24.74 Evaluated at bid price : 25.15 Bid-YTW : 5.52 % |
| ENB.PR.Y | FixedReset Disc | 1.04 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-05-11 Maturity Price : 22.57 Evaluated at bid price : 23.29 Bid-YTW : 5.94 % |
| MFC.PR.L | FixedReset Ins Non | 1.16 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-05-11 Maturity Price : 23.48 Evaluated at bid price : 25.34 Bid-YTW : 5.29 % |
| GWO.PR.I | Insurance Straight | 1.22 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-05-11 Maturity Price : 20.80 Evaluated at bid price : 20.80 Bid-YTW : 5.49 % |
| IFC.PR.K | Insurance Straight | 1.29 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-05-11 Maturity Price : 23.11 Evaluated at bid price : 23.55 Bid-YTW : 5.63 % |
| GWO.PR.G | Insurance Straight | 1.29 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-05-11 Maturity Price : 23.20 Evaluated at bid price : 23.50 Bid-YTW : 5.60 % |
| ENB.PR.F | FixedReset Disc | 1.34 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-05-11 Maturity Price : 23.21 Evaluated at bid price : 24.14 Bid-YTW : 5.89 % |
| GWO.PR.T | Insurance Straight | 1.57 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-05-11 Maturity Price : 22.99 Evaluated at bid price : 23.26 Bid-YTW : 5.60 % |
| CU.PR.E | Perpetual-Discount | 2.00 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-05-11 Maturity Price : 21.65 Evaluated at bid price : 21.90 Bid-YTW : 5.59 % |
| BN.PR.X | FixedReset Disc | 3.37 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-05-11 Maturity Price : 21.50 Evaluated at bid price : 21.50 Bid-YTW : 5.78 % |
| Volume Highlights | |||
| Issue | Index | Shares Traded |
Notes |
| IFC.PR.C | FixedReset Ins Non | 102,000 | YTW SCENARIO Maturity Type : Call Maturity Date : 2026-09-30 Maturity Price : 25.00 Evaluated at bid price : 25.31 Bid-YTW : 1.25 % |
| BN.PF.I | FixedReset Prem | 33,400 | YTW SCENARIO Maturity Type : Call Maturity Date : 2027-03-31 Maturity Price : 25.00 Evaluated at bid price : 25.40 Bid-YTW : 4.26 % |
| ENB.PR.F | FixedReset Disc | 32,600 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-05-11 Maturity Price : 23.21 Evaluated at bid price : 24.14 Bid-YTW : 5.89 % |
| POW.PR.I | Perpetual-Discount | 28,000 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-05-11 Maturity Price : 24.50 Evaluated at bid price : 24.90 Bid-YTW : 5.72 % |
| MFC.PR.B | Insurance Straight | 19,600 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-05-11 Maturity Price : 21.62 Evaluated at bid price : 21.87 Bid-YTW : 5.39 % |
| ENB.PR.H | FixedReset Disc | 17,100 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-05-11 Maturity Price : 23.27 Evaluated at bid price : 24.40 Bid-YTW : 5.56 % |
| There were 4 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.G | Insurance Straight | Quote: 23.50 – 24.80 Spot Rate : 1.3000 Average : 0.7931 YTW SCENARIO |
| GWO.PR.Q | Insurance Straight | Quote: 22.85 – 23.98 Spot Rate : 1.1300 Average : 0.6947 YTW SCENARIO |
| IFC.PR.A | FixedReset Ins Non | Quote: 22.02 – 22.94 Spot Rate : 0.9200 Average : 0.5740 YTW SCENARIO |
| ENB.PR.F | FixedReset Disc | Quote: 24.14 – 24.95 Spot Rate : 0.8100 Average : 0.5043 YTW SCENARIO |
| ENB.PF.E | FixedReset Disc | Quote: 23.90 – 24.70 Spot Rate : 0.8000 Average : 0.4952 YTW SCENARIO |
| BN.PR.T | FixedReset Disc | Quote: 22.58 – 23.60 Spot Rate : 1.0200 Average : 0.7156 YTW SCENARIO |