The TXPR Price Index set a new 52-week high of 709.80 today, beating the old mark of 709.21 set yesterday (which I didn’t report. Sorry about that!)
| 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 | 0.2669 % | 2,538.6 |
| FixedFloater | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.2669 % | 4,813.6 |
| Floater | 5.65 % | 5.86 % | 46,990 | 14.08 | 3 | 0.2669 % | 2,774.1 |
| OpRet | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.1181 % | 3,663.0 |
| SplitShare | 4.76 % | 4.55 % | 51,709 | 2.81 | 5 | 0.1181 % | 4,374.4 |
| Interest-Bearing | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.1181 % | 3,413.1 |
| Perpetual-Premium | 5.76 % | 1.66 % | 56,781 | 0.08 | 3 | 0.2250 % | 3,049.3 |
| Perpetual-Discount | 5.59 % | 5.65 % | 52,326 | 14.41 | 30 | 0.2667 % | 3,368.5 |
| FixedReset Disc | 5.58 % | 5.83 % | 101,842 | 13.81 | 24 | -0.0840 % | 3,339.3 |
| Insurance Straight | 5.47 % | 5.57 % | 51,516 | 14.44 | 22 | 0.2735 % | 3,296.8 |
| FloatingReset | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.0840 % | 3,972.5 |
| FixedReset Prem | 5.96 % | 4.53 % | 87,806 | 2.31 | 24 | 0.0706 % | 2,661.6 |
| FixedReset Bank Non | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.0840 % | 3,413.5 |
| FixedReset Ins Non | 5.06 % | 5.28 % | 70,177 | 14.47 | 14 | 1.2314 % | 3,266.4 |
| Performance Highlights | |||
| Issue | Index | Change | Notes |
| BN.PR.T | FixedReset Disc | -4.09 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-05-14 Maturity Price : 21.65 Evaluated at bid price : 22.05 Bid-YTW : 6.11 % |
| ENB.PF.C | FixedReset Disc | -2.72 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-05-14 Maturity Price : 22.50 Evaluated at bid price : 23.25 Bid-YTW : 6.21 % |
| CU.PR.D | Perpetual-Discount | -1.36 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-05-14 Maturity Price : 21.44 Evaluated at bid price : 21.70 Bid-YTW : 5.65 % |
| BN.PR.X | FixedReset Disc | -1.20 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-05-14 Maturity Price : 21.35 Evaluated at bid price : 21.35 Bid-YTW : 5.82 % |
| BN.PF.E | FixedReset Disc | 1.04 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-05-14 Maturity Price : 22.98 Evaluated at bid price : 24.25 Bid-YTW : 5.74 % |
| MFC.PR.C | Insurance Straight | 1.07 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-05-14 Maturity Price : 21.43 Evaluated at bid price : 21.69 Bid-YTW : 5.26 % |
| SLF.PR.C | Insurance Straight | 1.17 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-05-14 Maturity Price : 21.39 Evaluated at bid price : 21.66 Bid-YTW : 5.19 % |
| PWF.PR.L | Perpetual-Discount | 1.20 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-05-14 Maturity Price : 22.43 Evaluated at bid price : 22.69 Bid-YTW : 5.66 % |
| PWF.PR.P | FixedReset Disc | 1.25 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-05-14 Maturity Price : 21.10 Evaluated at bid price : 21.10 Bid-YTW : 5.60 % |
| FTS.PR.H | FixedReset Disc | 1.30 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-05-14 Maturity Price : 21.07 Evaluated at bid price : 21.07 Bid-YTW : 5.41 % |
| SLF.PR.G | FixedReset Ins Non | 1.90 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-05-14 Maturity Price : 21.40 Evaluated at bid price : 21.40 Bid-YTW : 5.28 % |
| IFC.PR.M | Perpetual-Discount | 2.03 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-05-14 Maturity Price : 24.74 Evaluated at bid price : 25.15 Bid-YTW : 5.53 % |
| MFC.PR.L | FixedReset Ins Non | 2.08 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-05-14 Maturity Price : 23.53 Evaluated at bid price : 25.52 Bid-YTW : 5.25 % |
| GWO.PR.Q | Insurance Straight | 2.11 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-05-14 Maturity Price : 23.01 Evaluated at bid price : 23.28 Bid-YTW : 5.60 % |
| MFC.PR.K | FixedReset Ins Non | 2.41 % | YTW SCENARIO Maturity Type : Call Maturity Date : 2028-09-19 Maturity Price : 25.00 Evaluated at bid price : 25.95 Bid-YTW : 5.08 % |
| MFC.PR.F | FixedReset Ins Non | 9.92 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-05-14 Maturity Price : 21.16 Evaluated at bid price : 21.16 Bid-YTW : 5.40 % |
| Volume Highlights | |||
| Issue | Index | Shares Traded |
Notes |
| BN.PR.X | FixedReset Disc | 55,554 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-05-14 Maturity Price : 21.35 Evaluated at bid price : 21.35 Bid-YTW : 5.82 % |
| MFC.PR.I | FixedReset Ins Non | 54,800 | YTW SCENARIO Maturity Type : Call Maturity Date : 2027-09-19 Maturity Price : 25.00 Evaluated at bid price : 26.02 Bid-YTW : 3.57 % |
| CU.PR.K | Perpetual-Discount | 31,200 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-05-14 Maturity Price : 24.52 Evaluated at bid price : 24.91 Bid-YTW : 5.62 % |
| BN.PF.D | Perpetual-Discount | 28,200 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-05-14 Maturity Price : 21.30 Evaluated at bid price : 21.30 Bid-YTW : 5.84 % |
| ENB.PF.G | FixedReset Disc | 25,728 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-05-14 Maturity Price : 22.85 Evaluated at bid price : 24.05 Bid-YTW : 6.05 % |
| ENB.PF.E | FixedReset Disc | 22,242 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-05-14 Maturity Price : 22.81 Evaluated at bid price : 23.90 Bid-YTW : 6.01 % |
| There were 8 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 |
| ENB.PF.C | FixedReset Disc | Quote: 23.25 – 24.80 Spot Rate : 1.5500 Average : 0.9271 YTW SCENARIO |
| BN.PR.T | FixedReset Disc | Quote: 22.05 – 23.00 Spot Rate : 0.9500 Average : 0.6448 YTW SCENARIO |
| GWO.PR.Y | Insurance Straight | Quote: 20.59 – 21.15 Spot Rate : 0.5600 Average : 0.3491 YTW SCENARIO |
| GWO.PR.T | Insurance Straight | Quote: 22.90 – 23.85 Spot Rate : 0.9500 Average : 0.7399 YTW SCENARIO |
| IFC.PR.G | FixedReset Ins Non | Quote: 25.48 – 26.15 Spot Rate : 0.6700 Average : 0.4602 YTW SCENARIO |
| GWO.PR.H | Insurance Straight | Quote: 21.62 – 22.15 Spot Rate : 0.5300 Average : 0.3671 YTW SCENARIO |