Sorry this is late! I went out to watch a movie last night. Photography was excellent but I don’t think the story was told very well – too much Troy, too much of Penelope’s feelings, very odd harpies, not enough narrative. And, unforgivably, Odysseus didn’t tell the Cyclops his name was ‘Nobody’, one of the best jokes in classic literature. But it was worth the time and money – go see it, if you haven’t.
| HIMIPref™ Preferred Indices These values reflect the December 2008 revision of the HIMIPref™ Indices Values are provisional and are finalized monthly |
|||||||
| 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 | 0.5374 % | 2,777.6 |
| FixedFloater | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.5374 % | 5,230.6 |
| Floater | 5.20 % | 5.29 % | 31,895 | 15.05 | 3 | 0.5374 % | 3,014.4 |
| OpRet | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.1197 % | 3,624.9 |
| SplitShare | 4.66 % | 4.81 % | 50,048 | 2.50 | 4 | 0.1197 % | 4,328.9 |
| Interest-Bearing | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.1197 % | 3,377.6 |
| Perpetual-Premium | 5.91 % | 5.96 % | 70,643 | 13.98 | 9 | -1.5948 % | 2,940.0 |
| Perpetual-Discount | 5.90 % | 5.96 % | 44,071 | 13.89 | 21 | -1.3466 % | 3,206.3 |
| FixedReset Disc | 5.65 % | 6.33 % | 80,083 | 13.33 | 21 | 0.3222 % | 3,372.5 |
| Insurance Straight | 5.77 % | 5.85 % | 60,560 | 14.14 | 19 | -1.3381 % | 3,116.9 |
| FloatingReset | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.3222 % | 4,117.9 |
| FixedReset Prem | 5.98 % | 4.79 % | 76,736 | 2.00 | 27 | 0.0288 % | 2,641.3 |
| FixedReset Bank Non | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.3222 % | 3,447.4 |
| FixedReset Ins Non | 5.27 % | 5.71 % | 51,949 | 13.20 | 14 | -0.7412 % | 3,238.8 |
| Performance Highlights | |||
| Issue | Index | Change | Notes |
| IFC.PR.G | FixedReset Ins Non | -5.88 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-09-28 Maturity Price : 23.64 Evaluated at bid price : 24.00 Bid-YTW : 6.52 % |
| GWO.PR.Y | Insurance Straight | -3.75 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-09-28 Maturity Price : 19.01 Evaluated at bid price : 19.01 Bid-YTW : 5.96 % |
| POW.PR.C | Perpetual-Premium | -3.26 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-09-28 Maturity Price : 23.69 Evaluated at bid price : 24.00 Bid-YTW : 6.05 % |
| IFC.PR.M | Perpetual-Premium | -3.05 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-09-28 Maturity Price : 23.47 Evaluated at bid price : 23.80 Bid-YTW : 5.80 % |
| GWO.PR.G | Insurance Straight | -3.03 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-09-28 Maturity Price : 21.49 Evaluated at bid price : 21.75 Bid-YTW : 6.00 % |
| PWF.PR.S | Perpetual-Discount | -2.83 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-09-28 Maturity Price : 20.23 Evaluated at bid price : 20.23 Bid-YTW : 6.04 % |
| FTS.PR.F | Perpetual-Discount | -2.40 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-09-28 Maturity Price : 21.51 Evaluated at bid price : 21.51 Bid-YTW : 5.77 % |
| ENB.PR.A | Perpetual-Discount | -2.38 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-09-28 Maturity Price : 23.53 Evaluated at bid price : 23.80 Bid-YTW : 5.84 % |
| FTS.PR.J | Perpetual-Discount | -2.35 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-09-28 Maturity Price : 20.75 Evaluated at bid price : 20.75 Bid-YTW : 5.79 % |
| GWO.PR.H | Insurance Straight | -2.19 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-09-28 Maturity Price : 20.50 Evaluated at bid price : 20.50 Bid-YTW : 5.96 % |
| GWO.PR.S | Insurance Straight | -2.18 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-09-28 Maturity Price : 21.78 Evaluated at bid price : 22.02 Bid-YTW : 5.99 % |
| CCS.PR.C | Insurance Straight | -1.99 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-09-28 Maturity Price : 21.97 Evaluated at bid price : 22.20 Bid-YTW : 5.65 % |
| MFC.PR.F | FixedReset Ins Non | -1.98 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-09-28 Maturity Price : 21.25 Evaluated at bid price : 21.25 Bid-YTW : 5.91 % |
| GWO.PR.I | Insurance Straight | -1.91 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-09-28 Maturity Price : 19.50 Evaluated at bid price : 19.50 Bid-YTW : 5.81 % |
| POW.PR.D | Perpetual-Discount | -1.85 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-09-28 Maturity Price : 21.21 Evaluated at bid price : 21.21 Bid-YTW : 5.92 % |
| PWF.PR.L | Perpetual-Discount | -1.82 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-09-28 Maturity Price : 21.33 Evaluated at bid price : 21.60 Bid-YTW : 6.00 % |
| BN.PF.C | Perpetual-Discount | -1.74 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-09-28 Maturity Price : 19.73 Evaluated at bid price : 19.73 Bid-YTW : 6.19 % |
| SLF.PR.D | Insurance Straight | -1.72 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-09-28 Maturity Price : 20.00 Evaluated at bid price : 20.00 Bid-YTW : 5.60 % |
| SLF.PR.E | Insurance Straight | -1.71 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-09-28 Maturity Price : 20.15 Evaluated at bid price : 20.15 Bid-YTW : 5.62 % |
| PWF.PR.R | Perpetual-Discount | -1.69 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-09-28 Maturity Price : 22.93 Evaluated at bid price : 23.20 Bid-YTW : 6.02 % |
| SLF.PR.C | Insurance Straight | -1.56 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-09-28 Maturity Price : 20.18 Evaluated at bid price : 20.18 Bid-YTW : 5.55 % |
| PWF.PR.E | Perpetual-Discount | -1.48 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-09-28 Maturity Price : 22.98 Evaluated at bid price : 23.25 Bid-YTW : 6.01 % |
| PWF.PF.A | Perpetual-Discount | -1.46 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-09-28 Maturity Price : 19.56 Evaluated at bid price : 19.56 Bid-YTW : 5.86 % |
| POW.PR.I | Perpetual-Premium | -1.44 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-09-28 Maturity Price : 23.66 Evaluated at bid price : 24.01 Bid-YTW : 5.89 % |
| PWF.PR.H | Perpetual-Premium | -1.42 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-09-28 Maturity Price : 23.99 Evaluated at bid price : 24.24 Bid-YTW : 6.03 % |
| PWF.PR.O | Perpetual-Premium | -1.41 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-09-28 Maturity Price : 24.19 Evaluated at bid price : 24.45 Bid-YTW : 6.03 % |
| PWF.PR.G | Perpetual-Premium | -1.32 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-09-28 Maturity Price : 24.43 Evaluated at bid price : 24.67 Bid-YTW : 6.08 % |
| BN.PF.D | Perpetual-Discount | -1.29 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-09-28 Maturity Price : 19.89 Evaluated at bid price : 19.89 Bid-YTW : 6.20 % |
| ENB.PR.P | FixedReset Disc | -1.27 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-09-28 Maturity Price : 23.07 Evaluated at bid price : 24.01 Bid-YTW : 6.46 % |
| GWO.PR.R | Insurance Straight | -1.26 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-09-28 Maturity Price : 20.44 Evaluated at bid price : 20.44 Bid-YTW : 5.91 % |
| POW.PR.H | Perpetual-Premium | -1.23 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-09-28 Maturity Price : 23.77 Evaluated at bid price : 24.13 Bid-YTW : 5.96 % |
| GWO.PR.Z | Insurance Straight | -1.18 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-09-28 Maturity Price : 23.93 Evaluated at bid price : 24.31 Bid-YTW : 5.88 % |
| PWF.PR.K | Perpetual-Discount | -1.12 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-09-28 Maturity Price : 21.13 Evaluated at bid price : 21.13 Bid-YTW : 5.97 % |
| SLF.PR.H | FixedReset Ins Non | -1.04 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-09-28 Maturity Price : 23.62 Evaluated at bid price : 24.80 Bid-YTW : 5.91 % |
| BN.PF.E | FixedReset Disc | -1.02 % | YTW SCENARIO Maturity Type : Call Maturity Date : 2030-04-01 Maturity Price : 25.00 Evaluated at bid price : 24.35 Bid-YTW : 6.05 % |
| POW.PR.G | Perpetual-Discount | -1.01 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-09-28 Maturity Price : 23.21 Evaluated at bid price : 23.51 Bid-YTW : 5.96 % |
| BN.PR.K | Floater | 1.31 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-09-28 Maturity Price : 14.70 Evaluated at bid price : 14.70 Bid-YTW : 5.33 % |
| BN.PF.G | FixedReset Prem | 1.32 % | YTW SCENARIO Maturity Type : Call Maturity Date : 2030-07-01 Maturity Price : 25.00 Evaluated at bid price : 25.33 Bid-YTW : 5.29 % |
| BN.PF.A | FixedReset Prem | 1.64 % | YTW SCENARIO Maturity Type : Call Maturity Date : 2028-09-30 Maturity Price : 25.00 Evaluated at bid price : 25.48 Bid-YTW : 5.74 % |
| ENB.PR.D | FixedReset Disc | 1.74 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-09-28 Maturity Price : 22.96 Evaluated at bid price : 23.41 Bid-YTW : 6.48 % |
| BN.PR.T | FixedReset Disc | 2.90 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-09-28 Maturity Price : 23.00 Evaluated at bid price : 23.77 Bid-YTW : 6.26 % |
| BN.PR.Z | FixedReset Disc | 6.47 % | YTW SCENARIO Maturity Type : Call Maturity Date : 2027-12-31 Maturity Price : 25.00 Evaluated at bid price : 25.02 Bid-YTW : 6.03 % |
| Volume Highlights | |||
| Issue | Index | Shares Traded |
Notes |
| ENB.PF.E | FixedReset Disc | 223,500 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-09-28 Maturity Price : 22.82 Evaluated at bid price : 23.85 Bid-YTW : 6.46 % |
| IFC.PR.C | FixedReset Ins Non | 135,300 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-09-28 Maturity Price : 23.93 Evaluated at bid price : 24.99 Bid-YTW : 6.37 % |
| TD.PF.I | FixedReset Prem | 78,110 | YTW SCENARIO Maturity Type : Call Maturity Date : 2027-10-31 Maturity Price : 25.00 Evaluated at bid price : 25.85 Bid-YTW : 4.07 % |
| MFC.PR.I | FixedReset Ins Non | 71,895 | YTW SCENARIO Maturity Type : Call Maturity Date : 2027-09-19 Maturity Price : 25.00 Evaluated at bid price : 25.17 Bid-YTW : 5.45 % |
| BN.PF.F | FixedReset Prem | 61,800 | YTW SCENARIO Maturity Type : Call Maturity Date : 2029-10-01 Maturity Price : 25.00 Evaluated at bid price : 24.97 Bid-YTW : 5.90 % |
| BN.PR.K | Floater | 50,930 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-09-28 Maturity Price : 14.70 Evaluated at bid price : 14.70 Bid-YTW : 5.33 % |
| There were 11 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 |
| PWF.PR.L | Perpetual-Discount | Quote: 21.60 – 23.55 Spot Rate : 1.9500 Average : 1.1066 YTW SCENARIO |
| GWO.PR.H | Insurance Straight | Quote: 20.50 – 22.00 Spot Rate : 1.5000 Average : 0.8938 YTW SCENARIO |
| POW.PR.C | Perpetual-Premium | Quote: 24.00 – 25.49 Spot Rate : 1.4900 Average : 0.9154 YTW SCENARIO |
| GWO.PR.Y | Insurance Straight | Quote: 19.01 – 20.50 Spot Rate : 1.4900 Average : 1.0045 YTW SCENARIO |
| GWO.PR.M | Insurance Straight | Quote: 24.55 – 25.80 Spot Rate : 1.2500 Average : 0.8074 YTW SCENARIO |
| GWO.PR.P | Insurance Straight | Quote: 23.37 – 24.44 Spot Rate : 1.0700 Average : 0.6873 YTW SCENARIO |