Another bare-bones report, I’m afraid! Geez, I hate the first quarter of the year!
| 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 | 5.14 % | 6.27 % | 10,200 | 16.30 | 1 | 0.3817 % | 1,522.8 |
| FixedFloater | 6.96 % | 6.12 % | 24,021 | 16.16 | 1 | 0.7380 % | 2,856.6 |
| Floater | 4.71 % | 4.84 % | 62,553 | 15.79 | 4 | 1.3629 % | 1,644.8 |
| OpRet | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.1802 % | 2,774.2 |
| SplitShare | 4.80 % | 5.87 % | 79,195 | 1.62 | 7 | 0.1802 % | 3,246.3 |
| Interest-Bearing | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.1802 % | 2,532.9 |
| Perpetual-Premium | 5.78 % | -2.99 % | 85,052 | 0.08 | 6 | 0.0263 % | 2,559.1 |
| Perpetual-Discount | 5.61 % | 5.63 % | 94,578 | 14.39 | 33 | 0.2186 % | 2,586.9 |
| FixedReset | 5.30 % | 4.75 % | 180,939 | 14.11 | 87 | 0.9345 % | 1,926.2 |
| Deemed-Retractible | 5.21 % | 5.45 % | 126,107 | 5.08 | 34 | 0.7006 % | 2,612.1 |
| FloatingReset | 3.05 % | 4.95 % | 37,253 | 5.40 | 16 | 0.2605 % | 2,010.9 |
| Performance Highlights | |||
| Issue | Index | Change | Notes |
| PWF.PR.T | FixedReset | -1.50 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2046-03-28 Maturity Price : 19.01 Evaluated at bid price : 19.01 Bid-YTW : 4.33 % |
| BNS.PR.C | FloatingReset | -1.02 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2022-01-31 Maturity Price : 25.00 Evaluated at bid price : 21.33 Bid-YTW : 5.37 % |
| BNS.PR.Q | FixedReset | 1.00 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2022-01-31 Maturity Price : 25.00 Evaluated at bid price : 23.22 Bid-YTW : 4.45 % |
| SLF.PR.B | Deemed-Retractible | 1.00 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-01-31 Maturity Price : 25.00 Evaluated at bid price : 22.18 Bid-YTW : 6.53 % |
| SLF.PR.A | Deemed-Retractible | 1.01 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-01-31 Maturity Price : 25.00 Evaluated at bid price : 22.04 Bid-YTW : 6.57 % |
| SLF.PR.C | Deemed-Retractible | 1.03 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-01-31 Maturity Price : 25.00 Evaluated at bid price : 20.55 Bid-YTW : 7.24 % |
| BAM.PR.K | Floater | 1.04 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2046-03-28 Maturity Price : 9.75 Evaluated at bid price : 9.75 Bid-YTW : 4.85 % |
| W.PR.K | FixedReset | 1.04 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2046-03-28 Maturity Price : 23.26 Evaluated at bid price : 25.26 Bid-YTW : 5.22 % |
| RY.PR.A | Deemed-Retractible | 1.08 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2022-01-31 Maturity Price : 25.00 Evaluated at bid price : 24.43 Bid-YTW : 5.01 % |
| BIP.PR.B | FixedReset | 1.08 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2046-03-28 Maturity Price : 22.91 Evaluated at bid price : 24.28 Bid-YTW : 5.62 % |
| MFC.PR.F | FixedReset | 1.09 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-01-31 Maturity Price : 25.00 Evaluated at bid price : 12.95 Bid-YTW : 10.74 % |
| PVS.PR.D | SplitShare | 1.10 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2021-10-08 Maturity Price : 25.00 Evaluated at bid price : 23.05 Bid-YTW : 6.28 % |
| BNS.PR.Z | FixedReset | 1.11 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2022-01-31 Maturity Price : 25.00 Evaluated at bid price : 19.06 Bid-YTW : 7.07 % |
| NA.PR.W | FixedReset | 1.12 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2046-03-28 Maturity Price : 17.15 Evaluated at bid price : 17.15 Bid-YTW : 4.66 % |
| BAM.PR.B | Floater | 1.14 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2046-03-28 Maturity Price : 9.78 Evaluated at bid price : 9.78 Bid-YTW : 4.84 % |
| VNR.PR.A | FixedReset | 1.16 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2046-03-28 Maturity Price : 17.50 Evaluated at bid price : 17.50 Bid-YTW : 5.23 % |
| NA.PR.S | FixedReset | 1.17 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2046-03-28 Maturity Price : 18.15 Evaluated at bid price : 18.15 Bid-YTW : 4.57 % |
| GWO.PR.M | Deemed-Retractible | 1.19 % | YTW SCENARIO Maturity Type : Call Maturity Date : 2018-03-31 Maturity Price : 25.25 Evaluated at bid price : 25.60 Bid-YTW : 5.00 % |
| HSB.PR.C | Deemed-Retractible | 1.19 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2022-01-31 Maturity Price : 25.00 Evaluated at bid price : 24.60 Bid-YTW : 5.45 % |
| MFC.PR.H | FixedReset | 1.23 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-01-31 Maturity Price : 25.00 Evaluated at bid price : 20.50 Bid-YTW : 6.70 % |
| BMO.PR.S | FixedReset | 1.25 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2046-03-28 Maturity Price : 18.65 Evaluated at bid price : 18.65 Bid-YTW : 4.33 % |
| GWO.PR.G | Deemed-Retractible | 1.25 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-01-31 Maturity Price : 25.00 Evaluated at bid price : 23.50 Bid-YTW : 6.12 % |
| IFC.PR.C | FixedReset | 1.27 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-01-31 Maturity Price : 25.00 Evaluated at bid price : 17.52 Bid-YTW : 8.26 % |
| BNS.PR.Y | FixedReset | 1.28 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2022-01-31 Maturity Price : 25.00 Evaluated at bid price : 19.04 Bid-YTW : 6.88 % |
| SLF.PR.D | Deemed-Retractible | 1.28 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-01-31 Maturity Price : 25.00 Evaluated at bid price : 20.50 Bid-YTW : 7.28 % |
| BNS.PR.F | FloatingReset | 1.29 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2022-01-31 Maturity Price : 25.00 Evaluated at bid price : 18.00 Bid-YTW : 7.82 % |
| TD.PF.C | FixedReset | 1.30 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2046-03-28 Maturity Price : 18.65 Evaluated at bid price : 18.65 Bid-YTW : 4.23 % |
| RY.PR.Z | FixedReset | 1.32 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2046-03-28 Maturity Price : 18.46 Evaluated at bid price : 18.46 Bid-YTW : 4.23 % |
| BAM.PR.R | FixedReset | 1.33 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2046-03-28 Maturity Price : 15.24 Evaluated at bid price : 15.24 Bid-YTW : 4.96 % |
| TRP.PR.A | FixedReset | 1.36 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2046-03-28 Maturity Price : 14.95 Evaluated at bid price : 14.95 Bid-YTW : 4.62 % |
| RY.PR.K | FloatingReset | 1.37 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2022-01-31 Maturity Price : 25.00 Evaluated at bid price : 22.15 Bid-YTW : 4.61 % |
| MFC.PR.N | FixedReset | 1.46 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-01-31 Maturity Price : 25.00 Evaluated at bid price : 18.11 Bid-YTW : 7.84 % |
| IAG.PR.G | FixedReset | 1.49 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-01-31 Maturity Price : 25.00 Evaluated at bid price : 19.13 Bid-YTW : 7.35 % |
| MFC.PR.J | FixedReset | 1.50 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-01-31 Maturity Price : 25.00 Evaluated at bid price : 18.22 Bid-YTW : 7.85 % |
| SLF.PR.H | FixedReset | 1.58 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-01-31 Maturity Price : 25.00 Evaluated at bid price : 16.05 Bid-YTW : 8.87 % |
| RY.PR.I | FixedReset | 1.58 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2022-01-31 Maturity Price : 25.00 Evaluated at bid price : 23.74 Bid-YTW : 4.14 % |
| BAM.PF.F | FixedReset | 1.60 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2046-03-28 Maturity Price : 19.10 Evaluated at bid price : 19.10 Bid-YTW : 4.93 % |
| BAM.PR.X | FixedReset | 1.64 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2046-03-28 Maturity Price : 14.24 Evaluated at bid price : 14.24 Bid-YTW : 4.65 % |
| PWF.PR.P | FixedReset | 1.67 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2046-03-28 Maturity Price : 12.76 Evaluated at bid price : 12.76 Bid-YTW : 4.58 % |
| FTS.PR.M | FixedReset | 1.69 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2046-03-28 Maturity Price : 18.00 Evaluated at bid price : 18.00 Bid-YTW : 4.72 % |
| BAM.PF.G | FixedReset | 1.79 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2046-03-28 Maturity Price : 19.34 Evaluated at bid price : 19.34 Bid-YTW : 4.89 % |
| TRP.PR.D | FixedReset | 1.82 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2046-03-28 Maturity Price : 17.87 Evaluated at bid price : 17.87 Bid-YTW : 4.60 % |
| MFC.PR.M | FixedReset | 1.89 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-01-31 Maturity Price : 25.00 Evaluated at bid price : 18.34 Bid-YTW : 7.73 % |
| BMO.PR.Q | FixedReset | 1.92 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2022-01-31 Maturity Price : 25.00 Evaluated at bid price : 18.60 Bid-YTW : 7.56 % |
| IFC.PR.A | FixedReset | 1.94 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-01-31 Maturity Price : 25.00 Evaluated at bid price : 14.70 Bid-YTW : 10.01 % |
| SLF.PR.I | FixedReset | 1.94 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-01-31 Maturity Price : 25.00 Evaluated at bid price : 18.35 Bid-YTW : 7.73 % |
| BAM.PF.B | FixedReset | 1.95 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2046-03-28 Maturity Price : 17.81 Evaluated at bid price : 17.81 Bid-YTW : 4.90 % |
| TRP.PR.F | FloatingReset | 2.02 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2046-03-28 Maturity Price : 12.65 Evaluated at bid price : 12.65 Bid-YTW : 4.67 % |
| GWO.PR.N | FixedReset | 2.03 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-01-31 Maturity Price : 25.00 Evaluated at bid price : 13.58 Bid-YTW : 10.05 % |
| TD.PR.Y | FixedReset | 2.13 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2022-01-31 Maturity Price : 25.00 Evaluated at bid price : 23.93 Bid-YTW : 3.88 % |
| TRP.PR.G | FixedReset | 2.15 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2046-03-28 Maturity Price : 19.50 Evaluated at bid price : 19.50 Bid-YTW : 4.79 % |
| RY.PR.J | FixedReset | 2.15 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2046-03-28 Maturity Price : 19.92 Evaluated at bid price : 19.92 Bid-YTW : 4.41 % |
| BAM.PF.E | FixedReset | 2.21 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2046-03-28 Maturity Price : 18.52 Evaluated at bid price : 18.52 Bid-YTW : 4.75 % |
| PWF.PR.A | Floater | 2.33 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2046-03-28 Maturity Price : 11.00 Evaluated at bid price : 11.00 Bid-YTW : 4.34 % |
| CIU.PR.C | FixedReset | 2.33 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2046-03-28 Maturity Price : 10.96 Evaluated at bid price : 10.96 Bid-YTW : 4.75 % |
| BMO.PR.Y | FixedReset | 2.51 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2046-03-28 Maturity Price : 20.40 Evaluated at bid price : 20.40 Bid-YTW : 4.34 % |
| HSE.PR.A | FixedReset | 2.53 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2046-03-28 Maturity Price : 10.55 Evaluated at bid price : 10.55 Bid-YTW : 5.81 % |
| TRP.PR.B | FixedReset | 2.57 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2046-03-28 Maturity Price : 11.18 Evaluated at bid price : 11.18 Bid-YTW : 4.54 % |
| BNS.PR.L | Deemed-Retractible | 2.60 % | YTW SCENARIO Maturity Type : Call Maturity Date : 2016-04-27 Maturity Price : 25.00 Evaluated at bid price : 25.24 Bid-YTW : 1.50 % |
| TD.PF.D | FixedReset | 2.62 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2046-03-28 Maturity Price : 19.96 Evaluated at bid price : 19.96 Bid-YTW : 4.47 % |
| BNS.PR.M | Deemed-Retractible | 2.64 % | YTW SCENARIO Maturity Type : Call Maturity Date : 2016-07-27 Maturity Price : 25.00 Evaluated at bid price : 25.25 Bid-YTW : 3.65 % |
| BAM.PR.Z | FixedReset | 2.81 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2046-03-28 Maturity Price : 19.00 Evaluated at bid price : 19.00 Bid-YTW : 4.99 % |
| GWO.PR.O | FloatingReset | 3.18 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-01-31 Maturity Price : 25.00 Evaluated at bid price : 12.02 Bid-YTW : 11.12 % |
| HSE.PR.G | FixedReset | 4.40 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2046-03-28 Maturity Price : 19.00 Evaluated at bid price : 19.00 Bid-YTW : 5.71 % |
| Volume Highlights | |||
| Issue | Index | Shares Traded |
Notes |
| RY.PR.R | FixedReset | 152,079 | YTW SCENARIO Maturity Type : Call Maturity Date : 2021-08-24 Maturity Price : 25.00 Evaluated at bid price : 25.81 Bid-YTW : 4.91 % |
| BNS.PR.Z | FixedReset | 61,400 | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2022-01-31 Maturity Price : 25.00 Evaluated at bid price : 19.06 Bid-YTW : 7.07 % |
| MFC.PR.O | FixedReset | 54,601 | YTW SCENARIO Maturity Type : Call Maturity Date : 2021-06-19 Maturity Price : 25.00 Evaluated at bid price : 25.75 Bid-YTW : 5.08 % |
| W.PR.J | Perpetual-Discount | 43,330 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2046-03-28 Maturity Price : 23.23 Evaluated at bid price : 23.53 Bid-YTW : 6.07 % |
| TD.PF.G | FixedReset | 37,396 | YTW SCENARIO Maturity Type : Call Maturity Date : 2021-04-30 Maturity Price : 25.00 Evaluated at bid price : 25.81 Bid-YTW : 4.70 % |
| BNS.PR.G | FixedReset | 34,357 | YTW SCENARIO Maturity Type : Call Maturity Date : 2021-07-25 Maturity Price : 25.00 Evaluated at bid price : 25.75 Bid-YTW : 4.93 % |
| There were 21 other index-included issues trading in excess of 10,000 shares. | |||
| Wide Spread Highlights | ||
| Issue | Index | Quote Data and Yield Notes |
| PWF.PR.Q | FloatingReset | Quote: 11.11 – 15.35 Spot Rate : 4.2400 Average : 3.4515 YTW SCENARIO |
| GWO.PR.O | FloatingReset | Quote: 12.02 – 14.25 Spot Rate : 2.2300 Average : 1.6327 YTW SCENARIO |
| TRP.PR.E | FixedReset | Quote: 18.35 – 19.50 Spot Rate : 1.1500 Average : 0.7176 YTW SCENARIO |
| TRP.PR.A | FixedReset | Quote: 14.95 – 15.85 Spot Rate : 0.9000 Average : 0.5412 YTW SCENARIO |
| BAM.PR.E | Ratchet | Quote: 13.15 – 14.20 Spot Rate : 1.0500 Average : 0.6967 YTW SCENARIO |
| RY.PR.M | FixedReset | Quote: 19.43 – 20.20 Spot Rate : 0.7700 Average : 0.5109 YTW SCENARIO |