The TXPR price index set another 52-week high today of 714.53, just barely edging the old mark of 714.52 set yesterday.
| 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 | 0.3286 % | 2,644.6 |
| FixedFloater | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.3286 % | 4,980.2 |
| Floater | 5.46 % | 5.59 % | 38,730 | 14.54 | 3 | 0.3286 % | 2,870.1 |
| OpRet | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.0000 % | 3,630.7 |
| SplitShare | 4.80 % | 4.97 % | 61,198 | 2.67 | 5 | 0.0000 % | 4,335.9 |
| Interest-Bearing | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.0000 % | 3,383.0 |
| Perpetual-Premium | 5.69 % | -3.89 % | 56,853 | 0.09 | 7 | -0.1804 % | 3,078.6 |
| Perpetual-Discount | 5.54 % | 5.57 % | 42,273 | 14.54 | 27 | 0.1708 % | 3,408.0 |
| FixedReset Disc | 5.64 % | 5.82 % | 99,512 | 13.99 | 19 | -0.2823 % | 3,369.6 |
| Insurance Straight | 5.41 % | 5.46 % | 48,974 | 14.63 | 20 | -0.0847 % | 3,321.7 |
| FloatingReset | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.2823 % | 4,114.4 |
| FixedReset Prem | 5.90 % | 4.58 % | 79,195 | 2.17 | 29 | -0.0466 % | 2,664.0 |
| FixedReset Bank Non | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.2823 % | 3,444.5 |
| FixedReset Ins Non | 5.24 % | 5.22 % | 53,144 | 14.41 | 14 | 0.1121 % | 3,257.4 |
| Performance Highlights | |||
| Issue | Index | Change | Notes |
| ENB.PF.C | FixedReset Disc | -2.80 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-07-16 Maturity Price : 22.70 Evaluated at bid price : 23.60 Bid-YTW : 6.09 % |
| MFC.PR.F | FixedReset Ins Non | -1.59 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-07-16 Maturity Price : 21.00 Evaluated at bid price : 21.00 Bid-YTW : 5.50 % |
| POW.PR.C | Perpetual-Premium | -1.43 % | YTW SCENARIO Maturity Type : Call Maturity Date : 2026-08-15 Maturity Price : 25.00 Evaluated at bid price : 25.55 Bid-YTW : -19.50 % |
| FTS.PR.H | FixedReset Disc | -1.32 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-07-16 Maturity Price : 20.15 Evaluated at bid price : 20.15 Bid-YTW : 5.65 % |
| GWO.PR.T | Insurance Straight | -1.27 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-07-16 Maturity Price : 22.98 Evaluated at bid price : 23.25 Bid-YTW : 5.58 % |
| ENB.PF.K | FixedReset Prem | -1.02 % | YTW SCENARIO Maturity Type : Call Maturity Date : 2028-03-01 Maturity Price : 25.00 Evaluated at bid price : 26.31 Bid-YTW : 3.39 % |
| SLF.PR.G | FixedReset Ins Non | 1.00 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-07-16 Maturity Price : 21.21 Evaluated at bid price : 21.21 Bid-YTW : 5.31 % |
| PWF.PR.K | Perpetual-Discount | 4.93 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-07-16 Maturity Price : 22.06 Evaluated at bid price : 22.35 Bid-YTW : 5.54 % |
| Volume Highlights | |||
| Issue | Index | Shares Traded |
Notes |
| ENB.PR.Y | FixedReset Disc | 123,300 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-07-16 Maturity Price : 22.63 Evaluated at bid price : 23.36 Bid-YTW : 5.90 % |
| BN.PF.I | FixedReset Prem | 77,500 | YTW SCENARIO Maturity Type : Call Maturity Date : 2027-03-31 Maturity Price : 25.00 Evaluated at bid price : 25.36 Bid-YTW : 3.67 % |
| BN.PF.G | FixedReset Prem | 51,100 | YTW SCENARIO Maturity Type : Call Maturity Date : 2030-07-01 Maturity Price : 25.00 Evaluated at bid price : 25.19 Bid-YTW : 5.55 % |
| BN.PF.A | FixedReset Prem | 50,300 | YTW SCENARIO Maturity Type : Call Maturity Date : 2028-09-30 Maturity Price : 25.00 Evaluated at bid price : 25.98 Bid-YTW : 5.02 % |
| BMO.PR.E | FixedReset Prem | 40,674 | YTW SCENARIO Maturity Type : Call Maturity Date : 2028-11-25 Maturity Price : 25.00 Evaluated at bid price : 27.03 Bid-YTW : 3.65 % |
| ENB.PR.P | FixedReset Disc | 31,892 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-07-16 Maturity Price : 23.37 Evaluated at bid price : 24.80 Bid-YTW : 5.74 % |
| 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 |
| BN.PR.R | FixedReset Disc | Quote: 22.86 – 24.24 Spot Rate : 1.3800 Average : 1.0721 YTW SCENARIO |
| IFC.PR.K | Insurance Straight | Quote: 24.16 – 25.10 Spot Rate : 0.9400 Average : 0.6467 YTW SCENARIO |
| ENB.PR.B | FixedReset Disc | Quote: 23.20 – 24.50 Spot Rate : 1.3000 Average : 1.0234 YTW SCENARIO |
| ENB.PR.F | FixedReset Disc | Quote: 24.39 – 24.95 Spot Rate : 0.5600 Average : 0.3579 YTW SCENARIO |
| MFC.PR.F | FixedReset Ins Non | Quote: 21.00 – 21.71 Spot Rate : 0.7100 Average : 0.5163 YTW SCENARIO |
| BN.PR.Z | FixedReset Prem | Quote: 25.47 – 26.47 Spot Rate : 1.0000 Average : 0.8107 YTW SCENARIO |