| 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 | 0.0469 % | 2,637.8 |
| FixedFloater | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.0469 % | 4,967.3 |
| Floater | 5.48 % | 5.60 % | 37,455 | 14.52 | 3 | 0.0469 % | 2,862.7 |
| OpRet | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.0159 % | 3,631.6 |
| SplitShare | 4.80 % | 4.99 % | 63,806 | 2.65 | 5 | -0.0159 % | 4,336.9 |
| Interest-Bearing | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.0159 % | 3,383.8 |
| Perpetual-Premium | 5.67 % | -5.38 % | 56,581 | 0.09 | 7 | -0.0056 % | 3,090.8 |
| Perpetual-Discount | 5.51 % | 5.54 % | 44,619 | 14.60 | 27 | -0.2058 % | 3,428.4 |
| FixedReset Disc | 5.60 % | 5.84 % | 99,924 | 13.97 | 19 | -0.1215 % | 3,397.4 |
| Insurance Straight | 5.37 % | 5.45 % | 48,561 | 14.67 | 20 | 0.0172 % | 3,348.8 |
| FloatingReset | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.1215 % | 4,148.3 |
| FixedReset Prem | 5.87 % | 4.34 % | 79,205 | 2.15 | 29 | 0.1194 % | 2,676.9 |
| FixedReset Bank Non | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.1215 % | 3,472.9 |
| FixedReset Ins Non | 5.20 % | 4.76 % | 56,118 | 2.01 | 14 | 0.4408 % | 3,280.1 |
| Performance Highlights | |||
| Issue | Index | Change | Notes |
| MFC.PR.L | FixedReset Ins Non | -2.99 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-07-23 Maturity Price : 23.39 Evaluated at bid price : 24.98 Bid-YTW : 5.41 % |
| ENB.PR.P | FixedReset Disc | -2.40 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-07-23 Maturity Price : 23.20 Evaluated at bid price : 24.35 Bid-YTW : 5.92 % |
| PWF.PF.A | Perpetual-Discount | -2.40 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-07-23 Maturity Price : 20.30 Evaluated at bid price : 20.30 Bid-YTW : 5.57 % |
| GWO.PR.N | FixedReset Ins Non | -1.72 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-07-23 Maturity Price : 20.00 Evaluated at bid price : 20.00 Bid-YTW : 5.53 % |
| BN.PF.M | FixedReset Prem | -1.64 % | YTW SCENARIO Maturity Type : Call Maturity Date : 2031-01-01 Maturity Price : 25.00 Evaluated at bid price : 25.77 Bid-YTW : 4.99 % |
| CU.PR.C | FixedReset Prem | -1.49 % | YTW SCENARIO Maturity Type : Call Maturity Date : 2027-06-01 Maturity Price : 25.00 Evaluated at bid price : 25.12 Bid-YTW : 5.55 % |
| IFC.PR.K | Insurance Straight | -1.35 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-07-23 Maturity Price : 23.70 Evaluated at bid price : 24.17 Bid-YTW : 5.46 % |
| BN.PR.T | FixedReset Disc | -1.15 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-07-23 Maturity Price : 22.33 Evaluated at bid price : 23.15 Bid-YTW : 5.86 % |
| NA.PR.E | FixedReset Prem | -1.14 % | YTW SCENARIO Maturity Type : Call Maturity Date : 2028-05-15 Maturity Price : 25.00 Evaluated at bid price : 26.05 Bid-YTW : 3.23 % |
| ELF.PR.H | Perpetual-Discount | -1.02 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-07-23 Maturity Price : 24.00 Evaluated at bid price : 24.25 Bid-YTW : 5.70 % |
| ENB.PR.N | FixedReset Prem | 1.06 % | YTW SCENARIO Maturity Type : Call Maturity Date : 2028-12-01 Maturity Price : 25.00 Evaluated at bid price : 25.85 Bid-YTW : 5.61 % |
| RY.PR.S | FixedReset Prem | 1.26 % | YTW SCENARIO Maturity Type : Call Maturity Date : 2029-02-24 Maturity Price : 25.00 Evaluated at bid price : 27.25 Bid-YTW : 2.66 % |
| GWO.PR.T | Insurance Straight | 1.28 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-07-23 Maturity Price : 23.41 Evaluated at bid price : 23.70 Bid-YTW : 5.48 % |
| MFC.PR.N | FixedReset Ins Non | 1.33 % | YTW SCENARIO Maturity Type : Call Maturity Date : 2030-03-20 Maturity Price : 25.00 Evaluated at bid price : 25.05 Bid-YTW : 5.29 % |
| MFC.PR.I | FixedReset Ins Non | 1.64 % | YTW SCENARIO Maturity Type : Call Maturity Date : 2027-09-19 Maturity Price : 25.00 Evaluated at bid price : 26.00 Bid-YTW : 2.95 % |
| MFC.PR.K | FixedReset Ins Non | 2.54 % | YTW SCENARIO Maturity Type : Call Maturity Date : 2028-09-19 Maturity Price : 25.00 Evaluated at bid price : 26.25 Bid-YTW : 4.22 % |
| BIP.PR.F | FixedReset Prem | 2.57 % | YTW SCENARIO Maturity Type : Call Maturity Date : 2029-01-01 Maturity Price : 25.00 Evaluated at bid price : 26.31 Bid-YTW : 4.35 % |
| MFC.PR.J | FixedReset Ins Non | 5.36 % | YTW SCENARIO Maturity Type : Call Maturity Date : 2028-03-19 Maturity Price : 25.00 Evaluated at bid price : 26.15 Bid-YTW : 3.66 % |
| Volume Highlights | |||
| Issue | Index | Shares Traded |
Notes |
| FTS.PR.M | FixedReset Prem | 53,725 | YTW SCENARIO Maturity Type : Call Maturity Date : 2029-12-01 Maturity Price : 25.00 Evaluated at bid price : 25.35 Bid-YTW : 5.32 % |
| GWO.PR.P | Insurance Straight | 47,750 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-07-23 Maturity Price : 24.21 Evaluated at bid price : 24.50 Bid-YTW : 5.56 % |
| POW.PR.D | Perpetual-Discount | 45,375 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-07-23 Maturity Price : 22.71 Evaluated at bid price : 23.00 Bid-YTW : 5.46 % |
| IFC.PR.I | Insurance Straight | 42,690 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-07-23 Maturity Price : 24.28 Evaluated at bid price : 24.80 Bid-YTW : 5.47 % |
| MIC.PR.A | Perpetual-Discount | 40,800 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-07-23 Maturity Price : 23.33 Evaluated at bid price : 23.60 Bid-YTW : 5.77 % |
| CU.PR.E | Perpetual-Discount | 30,662 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-07-23 Maturity Price : 22.39 Evaluated at bid price : 22.65 Bid-YTW : 5.48 % |
| There were 15 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.N | FixedReset Ins Non | Quote: 20.00 – 21.30 Spot Rate : 1.3000 Average : 0.8655 YTW SCENARIO |
| PWF.PR.T | FixedReset Prem | Quote: 25.00 – 26.00 Spot Rate : 1.0000 Average : 0.6106 YTW SCENARIO |
| MFC.PR.L | FixedReset Ins Non | Quote: 24.98 – 25.97 Spot Rate : 0.9900 Average : 0.7023 YTW SCENARIO |
| PWF.PF.A | Perpetual-Discount | Quote: 20.30 – 20.92 Spot Rate : 0.6200 Average : 0.3946 YTW SCENARIO |
| ENB.PR.P | FixedReset Disc | Quote: 24.35 – 24.97 Spot Rate : 0.6200 Average : 0.4316 YTW SCENARIO |
| ENB.PF.E | FixedReset Disc | Quote: 23.46 – 24.55 Spot Rate : 1.0900 Average : 0.9360 YTW SCENARIO |