Nothing happened today.
PerpetualDicounts were up 16bp and FixedResets gained 8bp on very heavy volume.
| 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 | 2.78 % | 2.84 % | 23,782 | 20.38 | 1 | 1.1429 % | 2,096.9 |
| FixedFloater | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 1.0925 % | 3,157.5 |
| Floater | 2.28 % | 1.93 % | 43,418 | 22.56 | 4 | 1.0925 % | 2,250.5 |
| OpRet | 4.88 % | 2.34 % | 86,137 | 0.30 | 11 | -0.0212 % | 2,340.8 |
| SplitShare | 6.29 % | 6.00 % | 82,055 | 0.08 | 2 | 0.8532 % | 2,204.5 |
| Interest-Bearing | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.0212 % | 2,140.4 |
| Perpetual-Premium | 5.98 % | 5.76 % | 113,493 | 1.83 | 4 | -0.1985 % | 1,916.4 |
| Perpetual-Discount | 5.90 % | 5.94 % | 185,816 | 13.96 | 73 | 0.1582 % | 1,832.4 |
| FixedReset | 5.34 % | 3.71 % | 305,533 | 3.48 | 47 | 0.0842 % | 2,209.1 |
| Performance Highlights | |||
| Issue | Index | Change | Notes |
| MFC.PR.D | FixedReset | -1.73 % | YTW SCENARIO Maturity Type : Call Maturity Date : 2014-07-19 Maturity Price : 25.00 Evaluated at bid price : 27.32 Bid-YTW : 4.24 % |
| HSB.PR.C | Perpetual-Discount | -1.25 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2040-07-13 Maturity Price : 21.29 Evaluated at bid price : 21.29 Bid-YTW : 6.05 % |
| HSB.PR.D | Perpetual-Discount | -1.18 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2040-07-13 Maturity Price : 21.00 Evaluated at bid price : 21.00 Bid-YTW : 6.01 % |
| SLF.PR.B | Perpetual-Discount | -1.14 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2040-07-13 Maturity Price : 19.92 Evaluated at bid price : 19.92 Bid-YTW : 6.08 % |
| SLF.PR.A | Perpetual-Discount | -1.05 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2040-07-13 Maturity Price : 19.74 Evaluated at bid price : 19.74 Bid-YTW : 6.08 % |
| BNS.PR.R | FixedReset | 1.00 % | YTW SCENARIO Maturity Type : Call Maturity Date : 2014-02-25 Maturity Price : 25.00 Evaluated at bid price : 26.16 Bid-YTW : 3.54 % |
| CM.PR.L | FixedReset | 1.02 % | YTW SCENARIO Maturity Type : Call Maturity Date : 2014-05-30 Maturity Price : 25.00 Evaluated at bid price : 27.80 Bid-YTW : 3.36 % |
| IAG.PR.F | Perpetual-Discount | 1.03 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2040-07-13 Maturity Price : 24.30 Evaluated at bid price : 24.50 Bid-YTW : 6.07 % |
| ENB.PR.A | Perpetual-Discount | 1.07 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2040-07-13 Maturity Price : 24.28 Evaluated at bid price : 24.58 Bid-YTW : 5.66 % |
| TD.PR.K | FixedReset | 1.10 % | YTW SCENARIO Maturity Type : Call Maturity Date : 2014-08-30 Maturity Price : 25.00 Evaluated at bid price : 27.68 Bid-YTW : 3.42 % |
| SLF.PR.G | FixedReset | 1.11 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2040-07-13 Maturity Price : 25.46 Evaluated at bid price : 25.51 Bid-YTW : 3.96 % |
| BMO.PR.K | Perpetual-Discount | 1.13 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2040-07-13 Maturity Price : 23.01 Evaluated at bid price : 23.18 Bid-YTW : 5.75 % |
| BAM.PR.E | Ratchet | 1.14 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2040-07-13 Maturity Price : 21.72 Evaluated at bid price : 21.24 Bid-YTW : 2.84 % |
| ELF.PR.F | Perpetual-Discount | 1.20 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2040-07-13 Maturity Price : 20.26 Evaluated at bid price : 20.26 Bid-YTW : 6.59 % |
| BAM.PR.K | Floater | 1.25 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2040-07-13 Maturity Price : 15.45 Evaluated at bid price : 15.45 Bid-YTW : 2.84 % |
| RY.PR.B | Perpetual-Discount | 1.50 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2040-07-13 Maturity Price : 21.04 Evaluated at bid price : 21.04 Bid-YTW : 5.68 % |
| BNA.PR.C | SplitShare | 1.53 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2019-01-10 Maturity Price : 25.00 Evaluated at bid price : 19.90 Bid-YTW : 7.79 % |
| BAM.PR.B | Floater | 1.57 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2040-07-13 Maturity Price : 15.55 Evaluated at bid price : 15.55 Bid-YTW : 2.83 % |
| PWF.PR.A | Floater | 1.82 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2040-07-13 Maturity Price : 22.12 Evaluated at bid price : 22.40 Bid-YTW : 1.93 % |
| Volume Highlights | |||
| Issue | Index | Shares Traded |
Notes |
| TRP.PR.C | FixedReset | 323,125 | Recent new issue. YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2040-07-13 Maturity Price : 23.17 Evaluated at bid price : 25.15 Bid-YTW : 3.98 % |
| IAG.PR.C | FixedReset | 157,607 | RBC bought 25,000 from Nesbitt at 26.80; Nesbitt crossed 50,000 at 26.75. RBC bought another 16,900 from Nesbitt at 26.75 and crossed 50,000 at 26.80. YTW SCENARIO Maturity Type : Call Maturity Date : 2014-01-30 Maturity Price : 25.00 Evaluated at bid price : 26.80 Bid-YTW : 4.10 % |
| RY.PR.R | FixedReset | 140,433 | Nesbitt crossed 51,300 at 27.40 and another 30,000 at 27.50. National crossed 10,000 at 27.54 and Nesbitt crossed 15,000 at 27.51. YTW SCENARIO Maturity Type : Call Maturity Date : 2014-03-26 Maturity Price : 25.00 Evaluated at bid price : 27.52 Bid-YTW : 3.63 % |
| RY.PR.I | FixedReset | 89,878 | Nesbitt crossed 69,300 at 26.00. YTW SCENARIO Maturity Type : Call Maturity Date : 2014-03-26 Maturity Price : 25.00 Evaluated at bid price : 26.12 Bid-YTW : 3.87 % |
| CIU.PR.B | FixedReset | 87,656 | Nesbitt crossed blocks of 16,400 and 17,300 at 28.00. TD crossed 50,000 at 28.00. YTW SCENARIO Maturity Type : Call Maturity Date : 2014-07-01 Maturity Price : 25.00 Evaluated at bid price : 27.99 Bid-YTW : 3.71 % |
| CM.PR.A | OpRet | 84,361 | RBC bought two blocks of 15,000 each from Nesbitt and crossed 10,000 at 25.20. RBC sold 13,800 to Desjardins at 25.25. YTW SCENARIO Maturity Type : Call Maturity Date : 2010-11-30 Maturity Price : 25.00 Evaluated at bid price : 25.23 Bid-YTW : 2.18 % |
| There were 63 other index-included issues trading in excess of 10,000 shares. | |||