| 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 | 5.67 % | 6.06 % | 29,198 | 14.79 | 1 | 0.0000 % | 2,588.6 |
| FixedFloater | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.5668 % | 4,904.4 |
| Floater | 5.55 % | 5.82 % | 38,817 | 14.11 | 3 | -0.5668 % | 2,826.5 |
| OpRet | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.2780 % | 3,635.3 |
| SplitShare | 4.79 % | 4.35 % | 51,734 | 2.79 | 5 | 0.2780 % | 4,341.4 |
| Interest-Bearing | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.2780 % | 3,387.3 |
| Perpetual-Premium | 5.69 % | 5.57 % | 85,058 | 6.56 | 7 | -0.0453 % | 3,069.0 |
| Perpetual-Discount | 5.58 % | 5.65 % | 44,292 | 14.38 | 28 | 0.2000 % | 3,376.2 |
| FixedReset Disc | 5.61 % | 5.87 % | 130,135 | 13.92 | 19 | -0.2689 % | 3,315.1 |
| Insurance Straight | 5.49 % | 5.56 % | 46,143 | 14.57 | 22 | -0.0813 % | 3,282.6 |
| FloatingReset | 4.64 % | 4.65 % | 24,197 | 16.22 | 1 | -0.6468 % | 4,097.3 |
| FixedReset Prem | 5.92 % | 4.70 % | 78,917 | 2.28 | 29 | -0.0013 % | 2,652.1 |
| FixedReset Bank Non | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.2689 % | 3,388.7 |
| FixedReset Ins Non | 5.12 % | 5.35 % | 74,487 | 14.45 | 14 | 0.0178 % | 3,228.5 |
| Performance Highlights | |||
| Issue | Index | Change | Notes |
| MFC.PR.L | FixedReset Ins Non | -3.38 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-06-04 Maturity Price : 23.10 Evaluated at bid price : 24.30 Bid-YTW : 5.48 % |
| ENB.PF.E | FixedReset Disc | -2.33 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-06-04 Maturity Price : 22.37 Evaluated at bid price : 23.05 Bid-YTW : 6.18 % |
| ENB.PR.Y | FixedReset Disc | -1.97 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-06-04 Maturity Price : 21.99 Evaluated at bid price : 22.35 Bid-YTW : 6.13 % |
| BN.PR.B | Floater | -1.80 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-06-04 Maturity Price : 13.65 Evaluated at bid price : 13.65 Bid-YTW : 5.82 % |
| SLF.PR.C | Insurance Straight | -1.39 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-06-04 Maturity Price : 21.25 Evaluated at bid price : 21.25 Bid-YTW : 5.24 % |
| IFC.PR.F | Insurance Straight | -1.04 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-06-04 Maturity Price : 23.63 Evaluated at bid price : 23.90 Bid-YTW : 5.64 % |
| PVS.PR.M | SplitShare | 1.07 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2031-03-31 Maturity Price : 25.00 Evaluated at bid price : 25.40 Bid-YTW : 4.80 % |
| PWF.PR.L | Perpetual-Discount | 1.10 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-06-04 Maturity Price : 22.71 Evaluated at bid price : 22.95 Bid-YTW : 5.62 % |
| MFC.PR.K | FixedReset Ins Non | 1.22 % | YTW SCENARIO Maturity Type : Call Maturity Date : 2028-09-19 Maturity Price : 25.00 Evaluated at bid price : 25.65 Bid-YTW : 5.05 % |
| PWF.PR.Z | Perpetual-Discount | 1.32 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-06-04 Maturity Price : 22.76 Evaluated at bid price : 23.05 Bid-YTW : 5.65 % |
| MFC.PR.F | FixedReset Ins Non | 1.44 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-06-04 Maturity Price : 21.11 Evaluated at bid price : 21.11 Bid-YTW : 5.39 % |
| CU.PR.H | Perpetual-Discount | 1.80 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-06-04 Maturity Price : 24.03 Evaluated at bid price : 24.28 Bid-YTW : 5.43 % |
| Volume Highlights | |||
| Issue | Index | Shares Traded |
Notes |
| MFC.PR.I | FixedReset Ins Non | 93,425 | YTW SCENARIO Maturity Type : Call Maturity Date : 2027-09-19 Maturity Price : 25.00 Evaluated at bid price : 25.60 Bid-YTW : 3.88 % |
| ENB.PF.E | FixedReset Disc | 47,950 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-06-04 Maturity Price : 22.37 Evaluated at bid price : 23.05 Bid-YTW : 6.18 % |
| BMO.PR.E | FixedReset Prem | 38,258 | YTW SCENARIO Maturity Type : Call Maturity Date : 2028-11-25 Maturity Price : 25.00 Evaluated at bid price : 26.64 Bid-YTW : 4.10 % |
| ENB.PR.B | FixedReset Disc | 36,216 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-06-04 Maturity Price : 21.94 Evaluated at bid price : 22.50 Bid-YTW : 6.13 % |
| IFC.PR.C | FixedReset Ins Non | 34,080 | YTW SCENARIO Maturity Type : Call Maturity Date : 2026-09-30 Maturity Price : 25.00 Evaluated at bid price : 25.15 Bid-YTW : 3.51 % |
| NA.PR.S | FixedReset Prem | 31,400 | YTW SCENARIO Maturity Type : Call Maturity Date : 2029-05-15 Maturity Price : 25.00 Evaluated at bid price : 26.12 Bid-YTW : 4.70 % |
| 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.E | FixedReset Disc | Quote: 23.05 – 24.70 Spot Rate : 1.6500 Average : 0.9800 YTW SCENARIO |
| MFC.PR.L | FixedReset Ins Non | Quote: 24.30 – 25.30 Spot Rate : 1.0000 Average : 0.6900 YTW SCENARIO |
| SLF.PR.C | Insurance Straight | Quote: 21.25 – 21.95 Spot Rate : 0.7000 Average : 0.4961 YTW SCENARIO |
| GWO.PR.P | Insurance Straight | Quote: 24.00 – 24.74 Spot Rate : 0.7400 Average : 0.5420 YTW SCENARIO |
| PWF.PR.K | Perpetual-Discount | Quote: 22.36 – 22.88 Spot Rate : 0.5200 Average : 0.3574 YTW SCENARIO |
| GWO.PR.T | Insurance Straight | Quote: 23.20 – 25.00 Spot Rate : 1.8000 Average : 1.6468 YTW SCENARIO |