| 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 | 5.60 % | 5.85 % | 21,478 | 14.66 | 1 | 0.0000 % | 2,618.5 |
| FixedFloater | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.6928 % | 4,910.3 |
| Floater | 5.54 % | 5.64 % | 41,484 | 14.50 | 3 | 0.6928 % | 2,829.8 |
| OpRet | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.0792 % | 3,634.2 |
| SplitShare | 4.79 % | 4.45 % | 53,223 | 2.73 | 5 | -0.0792 % | 4,340.0 |
| Interest-Bearing | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.0792 % | 3,386.2 |
| Perpetual-Premium | 5.72 % | 5.69 % | 66,783 | 14.03 | 7 | -0.0342 % | 3,054.1 |
| Perpetual-Discount | 5.59 % | 5.67 % | 39,823 | 14.39 | 29 | 0.0954 % | 3,375.0 |
| FixedReset Disc | 5.66 % | 5.92 % | 111,435 | 13.81 | 19 | -0.2372 % | 3,286.4 |
| Insurance Straight | 5.51 % | 5.55 % | 47,448 | 14.58 | 22 | -0.2008 % | 3,270.8 |
| FloatingReset | 4.70 % | 4.73 % | 18,025 | 16.05 | 1 | 0.0000 % | 4,023.4 |
| FixedReset Prem | 5.93 % | 4.68 % | 83,542 | 2.33 | 29 | -0.0589 % | 2,649.2 |
| FixedReset Bank Non | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.2372 % | 3,359.4 |
| FixedReset Ins Non | 5.39 % | 5.35 % | 51,703 | 14.58 | 14 | -1.0308 % | 3,169.9 |
| Performance Highlights | |||
| Issue | Index | Change | Notes |
| MFC.PR.K | FixedReset Ins Non | -15.42 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-06-24 Maturity Price : 21.50 Evaluated at bid price : 21.50 Bid-YTW : 6.41 % |
| GWO.PR.T | Insurance Straight | -3.85 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-06-24 Maturity Price : 22.22 Evaluated at bid price : 22.50 Bid-YTW : 5.74 % |
| POW.PR.D | Perpetual-Discount | -1.62 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-06-24 Maturity Price : 22.17 Evaluated at bid price : 22.45 Bid-YTW : 5.57 % |
| PWF.PR.A | Floater | 1.26 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-06-24 Maturity Price : 14.48 Evaluated at bid price : 14.48 Bid-YTW : 5.45 % |
| POW.PR.B | Perpetual-Discount | 1.64 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-06-24 Maturity Price : 23.31 Evaluated at bid price : 23.59 Bid-YTW : 5.67 % |
| PWF.PR.S | Perpetual-Discount | 1.65 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-06-24 Maturity Price : 21.33 Evaluated at bid price : 21.60 Bid-YTW : 5.64 % |
| MFC.PR.J | FixedReset Ins Non | 2.18 % | YTW SCENARIO Maturity Type : Call Maturity Date : 2028-03-19 Maturity Price : 25.00 Evaluated at bid price : 25.36 Bid-YTW : 5.37 % |
| Volume Highlights | |||
| Issue | Index | Shares Traded |
Notes |
| BN.PF.E | FixedReset Disc | 65,800 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-06-24 Maturity Price : 22.91 Evaluated at bid price : 24.06 Bid-YTW : 5.71 % |
| GWO.PF.A | Perpetual-Discount | 64,762 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-06-24 Maturity Price : 24.56 Evaluated at bid price : 24.95 Bid-YTW : 5.73 % |
| BN.PR.T | FixedReset Disc | 48,300 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-06-24 Maturity Price : 22.08 Evaluated at bid price : 22.71 Bid-YTW : 5.85 % |
| PWF.PR.R | Perpetual-Discount | 39,340 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-06-24 Maturity Price : 24.19 Evaluated at bid price : 24.45 Bid-YTW : 5.71 % |
| GWO.PR.R | Insurance Straight | 31,295 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-06-24 Maturity Price : 21.40 Evaluated at bid price : 21.40 Bid-YTW : 5.64 % |
| FTS.PR.M | FixedReset Prem | 26,850 | YTW SCENARIO Maturity Type : Call Maturity Date : 2029-12-01 Maturity Price : 25.00 Evaluated at bid price : 25.13 Bid-YTW : 5.47 % |
| 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 |
| MFC.PR.K | FixedReset Ins Non | Quote: 21.50 – 25.60 Spot Rate : 4.1000 Average : 2.2366 YTW SCENARIO |
| GWO.PR.T | Insurance Straight | Quote: 22.50 – 23.75 Spot Rate : 1.2500 Average : 0.9440 YTW SCENARIO |
| IFC.PR.E | Insurance Straight | Quote: 21.57 – 23.88 Spot Rate : 2.3100 Average : 2.0757 YTW SCENARIO |
| PWF.PR.T | FixedReset Prem | Quote: 25.12 – 26.12 Spot Rate : 1.0000 Average : 0.8237 YTW SCENARIO |
| GWO.PR.N | FixedReset Ins Non | Quote: 19.19 – 20.50 Spot Rate : 1.3100 Average : 1.1425 YTW SCENARIO |
| BIP.PR.E | FixedReset Prem | Quote: 25.95 – 26.50 Spot Rate : 0.5500 Average : 0.3970 YTW SCENARIO |