| 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 | 0.5138 % | 2,662.5 |
| FixedFloater | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.5138 % | 5,013.9 |
| Floater | 5.43 % | 5.53 % | 31,909 | 14.57 | 3 | 0.5138 % | 2,889.6 |
| OpRet | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.0714 % | 3,628.1 |
| SplitShare | 4.80 % | 4.42 % | 57,752 | 2.58 | 5 | -0.0714 % | 4,332.8 |
| Interest-Bearing | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.0714 % | 3,380.6 |
| Perpetual-Premium | 5.64 % | 5.55 % | 49,011 | 6.74 | 12 | 0.0597 % | 3,075.1 |
| Perpetual-Discount | 5.57 % | 5.65 % | 36,541 | 14.38 | 21 | 0.1465 % | 3,388.4 |
| FixedReset Disc | 5.49 % | 5.81 % | 91,610 | 14.03 | 17 | 0.3695 % | 3,419.4 |
| Insurance Straight | 5.41 % | 5.53 % | 43,166 | 14.51 | 20 | 0.6283 % | 3,327.3 |
| FloatingReset | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.3695 % | 4,175.2 |
| FixedReset Prem | 5.89 % | 4.55 % | 77,648 | 2.09 | 32 | 0.1014 % | 2,672.7 |
| FixedReset Bank Non | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.3695 % | 3,495.3 |
| FixedReset Ins Non | 5.18 % | 4.43 % | 52,687 | 2.59 | 14 | 0.5004 % | 3,296.4 |
| Performance Highlights | |||
| Issue | Index | Change | Notes |
| BN.PR.N | Perpetual-Discount | -3.06 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-08-28 Maturity Price : 20.60 Evaluated at bid price : 20.60 Bid-YTW : 5.87 % |
| MFC.PR.N | FixedReset Ins Non | -1.16 % | YTW SCENARIO Maturity Type : Call Maturity Date : 2030-03-20 Maturity Price : 25.00 Evaluated at bid price : 24.71 Bid-YTW : 5.47 % |
| IFC.PR.A | FixedReset Ins Non | 1.06 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-08-28 Maturity Price : 23.39 Evaluated at bid price : 23.85 Bid-YTW : 5.28 % |
| PWF.PR.T | FixedReset Prem | 1.20 % | YTW SCENARIO Maturity Type : Call Maturity Date : 2029-01-31 Maturity Price : 25.00 Evaluated at bid price : 25.35 Bid-YTW : 5.19 % |
| FTS.PR.H | FixedReset Disc | 1.42 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-08-28 Maturity Price : 20.70 Evaluated at bid price : 20.70 Bid-YTW : 5.59 % |
| BN.PR.K | Floater | 1.49 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-08-28 Maturity Price : 14.34 Evaluated at bid price : 14.34 Bid-YTW : 5.53 % |
| BMO.PR.E | FixedReset Prem | 1.53 % | YTW SCENARIO Maturity Type : Call Maturity Date : 2028-11-25 Maturity Price : 25.00 Evaluated at bid price : 27.15 Bid-YTW : 2.87 % |
| GWO.PR.Q | Insurance Straight | 1.56 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-08-28 Maturity Price : 23.15 Evaluated at bid price : 23.41 Bid-YTW : 5.58 % |
| BN.PR.X | FixedReset Disc | 1.85 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-08-28 Maturity Price : 21.61 Evaluated at bid price : 22.00 Bid-YTW : 5.81 % |
| GWO.PR.H | Insurance Straight | 2.07 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-08-28 Maturity Price : 21.98 Evaluated at bid price : 22.21 Bid-YTW : 5.54 % |
| PWF.PR.L | Perpetual-Discount | 3.04 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-08-28 Maturity Price : 22.44 Evaluated at bid price : 22.70 Bid-YTW : 5.67 % |
| MFC.PR.Q | FixedReset Ins Non | 3.35 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-08-28 Maturity Price : 23.75 Evaluated at bid price : 25.32 Bid-YTW : 5.80 % |
| IFC.PR.K | Insurance Straight | 4.86 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-08-28 Maturity Price : 23.49 Evaluated at bid price : 23.96 Bid-YTW : 5.55 % |
| GWO.PR.G | Insurance Straight | 5.95 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-08-28 Maturity Price : 23.58 Evaluated at bid price : 23.85 Bid-YTW : 5.53 % |
| Volume Highlights | |||
| Issue | Index | Shares Traded |
Notes |
| IFC.PR.C | FixedReset Ins Non | 171,600 | YTW SCENARIO Maturity Type : Call Maturity Date : 2026-09-30 Maturity Price : 25.00 Evaluated at bid price : 25.15 Bid-YTW : 2.92 % |
| BILP.PR.A | FixedReset Prem | 80,750 | YTW SCENARIO Maturity Type : Call Maturity Date : 2031-10-01 Maturity Price : 25.00 Evaluated at bid price : 25.28 Bid-YTW : 5.54 % |
| BN.PR.Z | FixedReset Prem | 26,900 | YTW SCENARIO Maturity Type : Call Maturity Date : 2027-12-31 Maturity Price : 25.00 Evaluated at bid price : 25.99 Bid-YTW : 3.81 % |
| NA.PR.K | FixedReset Prem | 24,790 | YTW SCENARIO Maturity Type : Call Maturity Date : 2029-05-01 Maturity Price : 25.00 Evaluated at bid price : 28.50 Bid-YTW : 2.46 % |
| NA.PR.S | FixedReset Prem | 18,700 | YTW SCENARIO Maturity Type : Call Maturity Date : 2029-05-15 Maturity Price : 25.00 Evaluated at bid price : 26.30 Bid-YTW : 4.26 % |
| CU.PR.K | Perpetual-Premium | 16,300 | YTW SCENARIO Maturity Type : Call Maturity Date : 2035-03-01 Maturity Price : 25.00 Evaluated at bid price : 25.05 Bid-YTW : 5.60 % |
| There were 2 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.N | Perpetual-Discount | Quote: 20.60 – 21.49 Spot Rate : 0.8900 Average : 0.6028 YTW SCENARIO |
| MFC.PR.N | FixedReset Ins Non | Quote: 24.71 – 25.40 Spot Rate : 0.6900 Average : 0.4408 YTW SCENARIO |
| BIP.PR.F | FixedReset Prem | Quote: 25.90 – 26.33 Spot Rate : 0.4300 Average : 0.3133 YTW SCENARIO |
| POW.PR.C | Perpetual-Premium | Quote: 25.26 – 25.82 Spot Rate : 0.5600 Average : 0.4614 YTW SCENARIO |
| PWF.PR.F | Perpetual-Discount | Quote: 23.44 – 23.99 Spot Rate : 0.5500 Average : 0.4555 YTW SCENARIO |
| PWF.PR.A | Floater | Quote: 14.66 – 15.29 Spot Rate : 0.6300 Average : 0.5404 YTW SCENARIO |