Volume picked up today, but results were mixed, with PerpetualDiscounts losing 5bp and FixedResets gaining 16bp.
| 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 | -0.2877 % | 1,445.0 |
| FixedFloater | 5.73 % | 3.99 % | 59,398 | 18.61 | 1 | 0.0000 % | 2,681.7 |
| Floater | 2.52 % | 2.12 % | 29,559 | 22.10 | 4 | -0.2877 % | 1,805.2 |
| OpRet | 4.87 % | -12.15 % | 139,737 | 0.09 | 15 | 0.0204 % | 2,277.3 |
| SplitShare | 6.41 % | 6.50 % | 1,051,435 | 4.06 | 2 | 0.3774 % | 2,061.7 |
| Interest-Bearing | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.0204 % | 2,082.4 |
| Perpetual-Premium | 5.77 % | 5.48 % | 150,701 | 2.86 | 12 | 0.1618 % | 1,879.1 |
| Perpetual-Discount | 5.69 % | 5.76 % | 196,088 | 14.26 | 59 | -0.0545 % | 1,803.8 |
| FixedReset | 5.49 % | 4.04 % | 475,655 | 4.08 | 40 | 0.1560 % | 2,108.9 |
| Performance Highlights | |||
| Issue | Index | Change | Notes |
| CIU.PR.A | Perpetual-Discount | -1.41 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2039-09-10 Maturity Price : 20.26 Evaluated at bid price : 20.26 Bid-YTW : 5.73 % |
| PWF.PR.K | Perpetual-Discount | -1.33 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2039-09-10 Maturity Price : 21.46 Evaluated at bid price : 21.46 Bid-YTW : 5.85 % |
| ENB.PR.A | Perpetual-Premium | -1.13 % | YTW SCENARIO Maturity Type : Call Maturity Date : 2009-10-10 Maturity Price : 25.00 Evaluated at bid price : 25.30 Bid-YTW : -7.26 % |
| MFC.PR.B | Perpetual-Discount | -1.02 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2039-09-10 Maturity Price : 20.32 Evaluated at bid price : 20.32 Bid-YTW : 5.75 % |
| PWF.PR.A | Floater | -1.01 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2039-09-10 Maturity Price : 18.62 Evaluated at bid price : 18.62 Bid-YTW : 2.12 % |
| ELF.PR.F | Perpetual-Discount | 1.14 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2039-09-10 Maturity Price : 21.35 Evaluated at bid price : 21.35 Bid-YTW : 6.32 % |
| Volume Highlights | |||
| Issue | Index | Shares Traded |
Notes |
| SLF.PR.D | Perpetual-Discount | 168,386 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2039-09-10 Maturity Price : 19.20 Evaluated at bid price : 19.20 Bid-YTW : 5.81 % |
| BMO.PR.N | FixedReset | 75,975 | YTW SCENARIO Maturity Type : Call Maturity Date : 2014-03-27 Maturity Price : 25.00 Evaluated at bid price : 27.85 Bid-YTW : 3.83 % |
| TD.PR.R | Perpetual-Discount | 56,585 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2039-09-10 Maturity Price : 24.78 Evaluated at bid price : 25.01 Bid-YTW : 5.67 % |
| RY.PR.Y | FixedReset | 56,250 | YTW SCENARIO Maturity Type : Call Maturity Date : 2014-12-24 Maturity Price : 25.00 Evaluated at bid price : 27.50 Bid-YTW : 4.09 % |
| BNS.PR.M | Perpetual-Discount | 43,505 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2039-09-10 Maturity Price : 20.58 Evaluated at bid price : 20.58 Bid-YTW : 5.55 % |
| BNS.PR.T | FixedReset | 37,645 | YTW SCENARIO Maturity Type : Call Maturity Date : 2014-05-25 Maturity Price : 25.00 Evaluated at bid price : 27.86 Bid-YTW : 3.79 % |
| There were 53 other index-included issues trading in excess of 10,000 shares. | |||