Alas, no time for extensive commentary!
PerpetualDiscounts rocketted up, led by insurers, in a day of fairly light volume.
| 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 | -1.0105 % | 797.3 |
| FixedFloater | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -1.0105 % | 1,289.4 |
| Floater | 4.96 % | 6.11 % | 61,498 | 13.77 | 3 | -1.0105 % | 996.1 |
| OpRet | 5.30 % | 5.08 % | 134,351 | 3.91 | 15 | 0.1756 % | 2,042.2 |
| SplitShare | 7.08 % | 11.17 % | 53,610 | 4.76 | 6 | -0.1853 % | 1,568.3 |
| Interest-Bearing | 6.15 % | 10.68 % | 35,393 | 0.76 | 1 | 0.5155 % | 1,908.1 |
| Perpetual-Premium | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 1.3725 % | 1,464.2 |
| Perpetual-Discount | 7.38 % | 7.52 % | 160,912 | 11.95 | 71 | 1.3725 % | 1,348.5 |
| FixedReset | 6.23 % | 5.87 % | 636,061 | 13.70 | 30 | 0.3010 % | 1,774.6 |
| Performance Highlights | |||
| Issue | Index | Change | Notes |
| BAM.PR.B | Floater | -3.17 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2039-03-13 Maturity Price : 7.03 Evaluated at bid price : 7.03 Bid-YTW : 6.23 % |
| GWO.PR.F | Perpetual-Discount | -2.51 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2039-03-13 Maturity Price : 19.01 Evaluated at bid price : 19.01 Bid-YTW : 7.80 % |
| GWO.PR.G | Perpetual-Discount | -1.84 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2039-03-13 Maturity Price : 16.00 Evaluated at bid price : 16.00 Bid-YTW : 8.17 % |
| PWF.PR.E | Perpetual-Discount | -1.70 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2039-03-13 Maturity Price : 17.30 Evaluated at bid price : 17.30 Bid-YTW : 8.11 % |
| GWO.PR.J | FixedReset | -1.70 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2039-03-13 Maturity Price : 22.57 Evaluated at bid price : 22.61 Bid-YTW : 5.65 % |
| IGM.PR.A | OpRet | -1.58 % | YTW SCENARIO Maturity Type : Soft Maturity Maturity Date : 2013-06-29 Maturity Price : 25.00 Evaluated at bid price : 25.60 Bid-YTW : 5.08 % |
| BNA.PR.C | SplitShare | -1.39 % | Asset coverage of 1.7-:1 as of February 28, according to the company. YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2019-01-10 Maturity Price : 25.00 Evaluated at bid price : 10.63 Bid-YTW : 16.44 % |
| CM.PR.K | FixedReset | -1.15 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2039-03-13 Maturity Price : 21.50 Evaluated at bid price : 21.50 Bid-YTW : 5.10 % |
| BMO.PR.L | Perpetual-Discount | 1.02 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2039-03-13 Maturity Price : 19.80 Evaluated at bid price : 19.80 Bid-YTW : 7.42 % |
| CM.PR.M | FixedReset | 1.02 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2039-03-13 Maturity Price : 23.01 Evaluated at bid price : 24.66 Bid-YTW : 6.23 % |
| TCA.PR.Y | Perpetual-Discount | 1.06 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2039-03-13 Maturity Price : 45.32 Evaluated at bid price : 47.50 Bid-YTW : 5.93 % |
| PWF.PR.L | Perpetual-Discount | 1.09 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2039-03-13 Maturity Price : 15.76 Evaluated at bid price : 15.76 Bid-YTW : 8.26 % |
| RY.PR.L | FixedReset | 1.12 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2039-03-13 Maturity Price : 23.47 Evaluated at bid price : 23.51 Bid-YTW : 5.03 % |
| RY.PR.A | Perpetual-Discount | 1.12 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2039-03-13 Maturity Price : 16.21 Evaluated at bid price : 16.21 Bid-YTW : 6.95 % |
| BNS.PR.M | Perpetual-Discount | 1.18 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2039-03-13 Maturity Price : 16.32 Evaluated at bid price : 16.32 Bid-YTW : 7.02 % |
| NA.PR.K | Perpetual-Discount | 1.20 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2039-03-13 Maturity Price : 20.22 Evaluated at bid price : 20.22 Bid-YTW : 7.34 % |
| BMO.PR.M | FixedReset | 1.20 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2039-03-13 Maturity Price : 21.00 Evaluated at bid price : 21.00 Bid-YTW : 4.47 % |
| BAM.PR.O | OpRet | 1.21 % | YTW SCENARIO Maturity Type : Option Certainty Maturity Date : 2013-06-30 Maturity Price : 25.00 Evaluated at bid price : 20.85 Bid-YTW : 9.81 % |
| TD.PR.Y | FixedReset | 1.25 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2039-03-13 Maturity Price : 20.25 Evaluated at bid price : 20.25 Bid-YTW : 4.75 % |
| MFC.PR.D | FixedReset | 1.27 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2039-03-13 Maturity Price : 23.93 Evaluated at bid price : 23.97 Bid-YTW : 6.70 % |
| POW.PR.A | Perpetual-Discount | 1.41 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2039-03-13 Maturity Price : 18.00 Evaluated at bid price : 18.00 Bid-YTW : 7.96 % |
| RY.PR.F | Perpetual-Discount | 1.46 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2039-03-13 Maturity Price : 16.00 Evaluated at bid price : 16.00 Bid-YTW : 7.05 % |
| BNS.PR.L | Perpetual-Discount | 1.47 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2039-03-13 Maturity Price : 16.61 Evaluated at bid price : 16.61 Bid-YTW : 6.90 % |
| BNS.PR.O | Perpetual-Discount | 1.47 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2039-03-13 Maturity Price : 20.06 Evaluated at bid price : 20.06 Bid-YTW : 7.11 % |
| POW.PR.B | Perpetual-Discount | 1.53 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2039-03-13 Maturity Price : 17.30 Evaluated at bid price : 17.30 Bid-YTW : 7.91 % |
| BMO.PR.K | Perpetual-Discount | 1.54 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2039-03-13 Maturity Price : 17.75 Evaluated at bid price : 17.75 Bid-YTW : 7.49 % |
| SLF.PR.C | Perpetual-Discount | 1.56 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2039-03-13 Maturity Price : 13.66 Evaluated at bid price : 13.66 Bid-YTW : 8.19 % |
| BAM.PR.M | Perpetual-Discount | 1.56 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2039-03-13 Maturity Price : 12.35 Evaluated at bid price : 12.35 Bid-YTW : 9.68 % |
| CM.PR.E | Perpetual-Discount | 1.59 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2039-03-13 Maturity Price : 18.48 Evaluated at bid price : 18.48 Bid-YTW : 7.73 % |
| GWO.PR.I | Perpetual-Discount | 1.65 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2039-03-13 Maturity Price : 14.20 Evaluated at bid price : 14.20 Bid-YTW : 7.97 % |
| RY.PR.C | Perpetual-Discount | 1.73 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2039-03-13 Maturity Price : 16.51 Evaluated at bid price : 16.51 Bid-YTW : 7.06 % |
| IAG.PR.A | Perpetual-Discount | 1.81 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2039-03-13 Maturity Price : 14.61 Evaluated at bid price : 14.61 Bid-YTW : 7.91 % |
| RY.PR.D | Perpetual-Discount | 1.84 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2039-03-13 Maturity Price : 16.05 Evaluated at bid price : 16.05 Bid-YTW : 7.10 % |
| BMO.PR.J | Perpetual-Discount | 1.84 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2039-03-13 Maturity Price : 16.05 Evaluated at bid price : 16.05 Bid-YTW : 7.10 % |
| CM.PR.G | Perpetual-Discount | 1.95 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2039-03-13 Maturity Price : 17.78 Evaluated at bid price : 17.78 Bid-YTW : 7.75 % |
| BNS.PR.R | FixedReset | 2.02 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2039-03-13 Maturity Price : 20.70 Evaluated at bid price : 20.70 Bid-YTW : 4.83 % |
| BNS.PR.N | Perpetual-Discount | 2.02 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2039-03-13 Maturity Price : 19.15 Evaluated at bid price : 19.15 Bid-YTW : 6.98 % |
| POW.PR.D | Perpetual-Discount | 2.05 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2039-03-13 Maturity Price : 16.45 Evaluated at bid price : 16.45 Bid-YTW : 7.78 % |
| RY.PR.B | Perpetual-Discount | 2.18 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2039-03-13 Maturity Price : 16.87 Evaluated at bid price : 16.87 Bid-YTW : 7.06 % |
| TD.PR.Q | Perpetual-Discount | 2.45 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2039-03-13 Maturity Price : 20.50 Evaluated at bid price : 20.50 Bid-YTW : 6.95 % |
| CM.PR.J | Perpetual-Discount | 2.49 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2039-03-13 Maturity Price : 15.20 Evaluated at bid price : 15.20 Bid-YTW : 7.55 % |
| CIU.PR.A | Perpetual-Discount | 2.50 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2039-03-13 Maturity Price : 16.41 Evaluated at bid price : 16.41 Bid-YTW : 7.09 % |
| HSB.PR.C | Perpetual-Discount | 2.69 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2039-03-13 Maturity Price : 17.15 Evaluated at bid price : 17.15 Bid-YTW : 7.47 % |
| GWO.PR.H | Perpetual-Discount | 2.94 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2039-03-13 Maturity Price : 15.40 Evaluated at bid price : 15.40 Bid-YTW : 7.92 % |
| PWF.PR.F | Perpetual-Discount | 3.03 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2039-03-13 Maturity Price : 17.01 Evaluated at bid price : 17.01 Bid-YTW : 7.87 % |
| POW.PR.C | Perpetual-Discount | 3.15 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2039-03-13 Maturity Price : 19.01 Evaluated at bid price : 19.01 Bid-YTW : 7.81 % |
| CM.PR.H | Perpetual-Discount | 3.21 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2039-03-13 Maturity Price : 16.06 Evaluated at bid price : 16.06 Bid-YTW : 7.62 % |
| CM.PR.I | Perpetual-Discount | 3.48 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2039-03-13 Maturity Price : 15.75 Evaluated at bid price : 15.75 Bid-YTW : 7.61 % |
| CM.PR.P | Perpetual-Discount | 3.62 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2039-03-13 Maturity Price : 18.62 Evaluated at bid price : 18.62 Bid-YTW : 7.53 % |
| SLF.PR.D | Perpetual-Discount | 3.70 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2039-03-13 Maturity Price : 14.01 Evaluated at bid price : 14.01 Bid-YTW : 7.98 % |
| BAM.PR.J | OpRet | 3.90 % | YTW SCENARIO Maturity Type : Soft Maturity Maturity Date : 2018-03-30 Maturity Price : 25.00 Evaluated at bid price : 17.85 Bid-YTW : 10.37 % |
| TD.PR.S | FixedReset | 4.05 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2039-03-13 Maturity Price : 20.30 Evaluated at bid price : 20.30 Bid-YTW : 4.60 % |
| MFC.PR.C | Perpetual-Discount | 4.26 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2039-03-13 Maturity Price : 14.20 Evaluated at bid price : 14.20 Bid-YTW : 7.99 % |
| SLF.PR.A | Perpetual-Discount | 4.42 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2039-03-13 Maturity Price : 14.16 Evaluated at bid price : 14.16 Bid-YTW : 8.43 % |
| SLF.PR.E | Perpetual-Discount | 5.10 % | Traded 6,100 shares in a range of 13.80-10 before closing at 14.01-24, 1×10. YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2039-03-13 Maturity Price : 14.01 Evaluated at bid price : 14.01 Bid-YTW : 8.07 % |
| PWF.PR.H | Perpetual-Discount | 5.46 % | Traded 4,900 shares in a range of 18.02-29 before closing at 18.16-29, 1×3. YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2039-03-13 Maturity Price : 18.16 Evaluated at bid price : 18.16 Bid-YTW : 8.08 % |
| SLF.PR.B | Perpetual-Discount | 5.49 % | Traded 5,800 shares in a range of 14.40-94 before closing at 14.61-79, 5×3. YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2039-03-13 Maturity Price : 14.61 Evaluated at bid price : 14.61 Bid-YTW : 8.26 % |
| MFC.PR.B | Perpetual-Discount | 8.94 % | Traded 6,006 shares in a range of 14.65-16.44 before closing at 15.96-25, 3×7. YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2039-03-13 Maturity Price : 15.96 Evaluated at bid price : 15.96 Bid-YTW : 7.34 % |
| Volume Highlights | |||
| Issue | Index | Shares Traded |
Notes |
| TD.PR.I | FixedReset | 64,174 | Recent new issue. YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2039-03-13 Maturity Price : 23.12 Evaluated at bid price : 24.95 Bid-YTW : 5.94 % |
| RY.PR.T | FixedReset | 57,950 | Recent new issue. YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2039-03-13 Maturity Price : 23.11 Evaluated at bid price : 24.95 Bid-YTW : 5.87 % |
| MFC.PR.D | FixedReset | 36,690 | Recent new issue. YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2039-03-13 Maturity Price : 23.93 Evaluated at bid price : 23.97 Bid-YTW : 6.70 % |
| CM.PR.M | FixedReset | 32,870 | Recent new issue. YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2039-03-13 Maturity Price : 23.01 Evaluated at bid price : 24.66 Bid-YTW : 6.23 % |
| CM.PR.L | FixedReset | 31,095 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2039-03-13 Maturity Price : 24.96 Evaluated at bid price : 25.01 Bid-YTW : 6.35 % |
| PWF.PR.K | Perpetual-Discount | 28,270 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2039-03-13 Maturity Price : 14.91 Evaluated at bid price : 14.91 Bid-YTW : 8.47 % |
| There were 23 other index-included issues trading in excess of 10,000 shares. | |||