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TXPR closed at 583.50, up 1.62% on the day. Volume today was 3.87-million, by far the highest of the past thirty days, well ahead of second-place July 29.
CPD closed at 11.63, up 1.22% on the day. Volume was 111,115, highest of the past 30 trading days, ahead of second-place August 12.
ZPR closed at 9.35, up 2.13% on the day. Volume of 894,959 was the highest of the past 30 trading days, more than double that of second-place August 4.
Five-year Canada yields were up 1bp to 0.42% today.
Today’s market pop is probably related to the announcement of a mass redemption of RY DeemedRetractibles.
PerpetualDiscounts now yield 5.46%, equivalent to 7.10% interest at the standard equivalency factor of 1.3x. Long corporates now yield 2.89%, so the pre-tax interest-equivalent spread (in this context, the “Seniority Spread”) has narrowed dramatically to 420bp from the 455bp reported August 12. We are now well below the pre-2020 record of 445bp briefly touched in 2008.
| 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 | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 1.7699 % | 1,642.6 |
| FixedFloater | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 1.7699 % | 3,014.1 |
| Floater | 5.08 % | 5.16 % | 59,118 | 15.15 | 3 | 1.7699 % | 1,737.0 |
| OpRet | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.1340 % | 3,527.5 |
| SplitShare | 4.68 % | 4.38 % | 41,268 | 3.26 | 8 | 0.1340 % | 4,212.5 |
| Interest-Bearing | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.1340 % | 3,286.8 |
| Perpetual-Premium | 5.54 % | 4.72 % | 86,171 | 3.99 | 4 | 0.0297 % | 3,103.1 |
| Perpetual-Discount | 5.36 % | 5.46 % | 78,613 | 14.56 | 31 | 0.8291 % | 3,404.3 |
| FixedReset Disc | 5.43 % | 4.22 % | 121,615 | 16.29 | 67 | 1.3256 % | 2,104.3 |
| Deemed-Retractible | 5.14 % | 5.19 % | 94,562 | 14.82 | 27 | 0.7849 % | 3,347.2 |
| FloatingReset | 2.85 % | 2.28 % | 39,214 | 1.41 | 3 | 0.2900 % | 1,803.7 |
| FixedReset Prem | 5.25 % | 3.89 % | 236,336 | 0.88 | 11 | 0.0466 % | 2,623.1 |
| FixedReset Bank Non | 1.96 % | 2.38 % | 128,054 | 1.41 | 2 | -0.1618 % | 2,826.8 |
| FixedReset Ins Non | 5.70 % | 4.44 % | 85,280 | 16.05 | 22 | 0.9533 % | 2,110.6 |
| Performance Highlights | |||
| Issue | Index | Change | Notes |
| TD.PF.D | FixedReset Disc | -3.80 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-08-26 Maturity Price : 19.00 Evaluated at bid price : 19.00 Bid-YTW : 4.22 % |
| MFC.PR.I | FixedReset Ins Non | -2.68 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-08-26 Maturity Price : 18.15 Evaluated at bid price : 18.15 Bid-YTW : 4.63 % |
| MFC.PR.G | FixedReset Ins Non | -1.89 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-08-26 Maturity Price : 18.17 Evaluated at bid price : 18.17 Bid-YTW : 4.57 % |
| TD.PF.I | FixedReset Disc | -1.74 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-08-26 Maturity Price : 21.59 Evaluated at bid price : 22.00 Bid-YTW : 4.00 % |
| TRP.PR.C | FixedReset Disc | 1.01 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-08-26 Maturity Price : 9.00 Evaluated at bid price : 9.00 Bid-YTW : 5.41 % |
| BIP.PR.B | FixedReset Disc | 1.02 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-08-26 Maturity Price : 24.16 Evaluated at bid price : 24.85 Bid-YTW : 5.59 % |
| POW.PR.B | Perpetual-Discount | 1.04 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-08-26 Maturity Price : 24.06 Evaluated at bid price : 24.31 Bid-YTW : 5.57 % |
| BMO.PR.C | FixedReset Disc | 1.07 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-08-26 Maturity Price : 23.13 Evaluated at bid price : 23.51 Bid-YTW : 4.01 % |
| MFC.PR.K | FixedReset Ins Non | 1.10 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-08-26 Maturity Price : 16.48 Evaluated at bid price : 16.48 Bid-YTW : 4.39 % |
| SLF.PR.C | Deemed-Retractible | 1.13 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-08-26 Maturity Price : 21.45 Evaluated at bid price : 21.45 Bid-YTW : 5.19 % |
| MFC.PR.R | FixedReset Ins Non | 1.13 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-08-26 Maturity Price : 23.73 Evaluated at bid price : 24.12 Bid-YTW : 4.39 % |
| PWF.PR.R | Perpetual-Discount | 1.18 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-08-26 Maturity Price : 24.62 Evaluated at bid price : 24.86 Bid-YTW : 5.58 % |
| BAM.PF.C | Perpetual-Discount | 1.19 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-08-26 Maturity Price : 21.73 Evaluated at bid price : 22.16 Bid-YTW : 5.54 % |
| NA.PR.C | FixedReset Disc | 1.25 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-08-26 Maturity Price : 23.09 Evaluated at bid price : 23.40 Bid-YTW : 4.15 % |
| SLF.PR.A | Deemed-Retractible | 1.27 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-08-26 Maturity Price : 22.76 Evaluated at bid price : 23.04 Bid-YTW : 5.14 % |
| PWF.PR.E | Perpetual-Discount | 1.31 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-08-26 Maturity Price : 24.35 Evaluated at bid price : 24.66 Bid-YTW : 5.62 % |
| BAM.PR.M | Perpetual-Discount | 1.35 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-08-26 Maturity Price : 21.52 Evaluated at bid price : 21.78 Bid-YTW : 5.53 % |
| IAF.PR.B | Deemed-Retractible | 1.35 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-08-26 Maturity Price : 22.22 Evaluated at bid price : 22.50 Bid-YTW : 5.18 % |
| POW.PR.D | Perpetual-Discount | 1.36 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-08-26 Maturity Price : 22.87 Evaluated at bid price : 23.14 Bid-YTW : 5.46 % |
| TRP.PR.D | FixedReset Disc | 1.38 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-08-26 Maturity Price : 13.99 Evaluated at bid price : 13.99 Bid-YTW : 5.43 % |
| SLF.PR.B | Deemed-Retractible | 1.38 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-08-26 Maturity Price : 23.17 Evaluated at bid price : 23.43 Bid-YTW : 5.11 % |
| GWO.PR.I | Deemed-Retractible | 1.42 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-08-26 Maturity Price : 21.40 Evaluated at bid price : 21.40 Bid-YTW : 5.35 % |
| GWO.PR.S | Deemed-Retractible | 1.43 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-08-26 Maturity Price : 24.38 Evaluated at bid price : 24.85 Bid-YTW : 5.35 % |
| TRP.PR.G | FixedReset Disc | 1.43 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-08-26 Maturity Price : 15.56 Evaluated at bid price : 15.56 Bid-YTW : 5.40 % |
| BMO.PR.D | FixedReset Disc | 1.48 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-08-26 Maturity Price : 22.34 Evaluated at bid price : 22.65 Bid-YTW : 4.01 % |
| TD.PF.J | FixedReset Disc | 1.48 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-08-26 Maturity Price : 20.55 Evaluated at bid price : 20.55 Bid-YTW : 4.05 % |
| BAM.PR.N | Perpetual-Discount | 1.49 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-08-26 Maturity Price : 21.48 Evaluated at bid price : 21.74 Bid-YTW : 5.54 % |
| NA.PR.E | FixedReset Disc | 1.53 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-08-26 Maturity Price : 19.20 Evaluated at bid price : 19.20 Bid-YTW : 4.18 % |
| NA.PR.S | FixedReset Disc | 1.54 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-08-26 Maturity Price : 17.75 Evaluated at bid price : 17.75 Bid-YTW : 4.28 % |
| CM.PR.T | FixedReset Disc | 1.55 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-08-26 Maturity Price : 22.70 Evaluated at bid price : 23.61 Bid-YTW : 4.19 % |
| GWO.PR.R | Deemed-Retractible | 1.55 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-08-26 Maturity Price : 22.63 Evaluated at bid price : 22.89 Bid-YTW : 5.32 % |
| GWO.PR.T | Deemed-Retractible | 1.57 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-08-26 Maturity Price : 24.04 Evaluated at bid price : 24.51 Bid-YTW : 5.32 % |
| PWF.PR.S | Perpetual-Discount | 1.62 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-08-26 Maturity Price : 21.90 Evaluated at bid price : 21.90 Bid-YTW : 5.54 % |
| SLF.PR.I | FixedReset Ins Non | 1.65 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-08-26 Maturity Price : 18.50 Evaluated at bid price : 18.50 Bid-YTW : 4.27 % |
| BAM.PR.B | Floater | 1.69 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-08-26 Maturity Price : 8.43 Evaluated at bid price : 8.43 Bid-YTW : 5.16 % |
| IAF.PR.G | FixedReset Ins Non | 1.73 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-08-26 Maturity Price : 18.83 Evaluated at bid price : 18.83 Bid-YTW : 4.43 % |
| PWF.PR.Z | Perpetual-Discount | 1.75 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-08-26 Maturity Price : 23.44 Evaluated at bid price : 23.84 Bid-YTW : 5.44 % |
| BAM.PR.K | Floater | 1.81 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-08-26 Maturity Price : 8.45 Evaluated at bid price : 8.45 Bid-YTW : 5.15 % |
| BAM.PR.C | Floater | 1.81 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-08-26 Maturity Price : 8.42 Evaluated at bid price : 8.42 Bid-YTW : 5.17 % |
| BMO.PR.E | FixedReset Disc | 1.82 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-08-26 Maturity Price : 20.71 Evaluated at bid price : 20.71 Bid-YTW : 4.07 % |
| RY.PR.M | FixedReset Disc | 1.85 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-08-26 Maturity Price : 19.30 Evaluated at bid price : 19.30 Bid-YTW : 3.91 % |
| GWO.PR.H | Deemed-Retractible | 1.86 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-08-26 Maturity Price : 22.78 Evaluated at bid price : 23.06 Bid-YTW : 5.33 % |
| PWF.PR.F | Perpetual-Discount | 1.89 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-08-26 Maturity Price : 23.49 Evaluated at bid price : 23.76 Bid-YTW : 5.57 % |
| TD.PF.B | FixedReset Disc | 1.89 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-08-26 Maturity Price : 18.35 Evaluated at bid price : 18.35 Bid-YTW : 3.92 % |
| RY.PR.Z | FixedReset Disc | 1.94 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-08-26 Maturity Price : 18.41 Evaluated at bid price : 18.41 Bid-YTW : 3.81 % |
| GWO.PR.G | Deemed-Retractible | 1.94 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-08-26 Maturity Price : 24.46 Evaluated at bid price : 24.70 Bid-YTW : 5.34 % |
| BMO.PR.S | FixedReset Disc | 1.96 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-08-26 Maturity Price : 18.20 Evaluated at bid price : 18.20 Bid-YTW : 4.04 % |
| GWO.PR.Q | Deemed-Retractible | 1.96 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-08-26 Maturity Price : 23.96 Evaluated at bid price : 24.43 Bid-YTW : 5.33 % |
| RY.PR.H | FixedReset Disc | 1.99 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-08-26 Maturity Price : 18.43 Evaluated at bid price : 18.43 Bid-YTW : 3.87 % |
| TD.PF.C | FixedReset Disc | 2.10 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-08-26 Maturity Price : 18.51 Evaluated at bid price : 18.51 Bid-YTW : 3.96 % |
| IFC.PR.G | FixedReset Ins Non | 2.14 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-08-26 Maturity Price : 18.10 Evaluated at bid price : 18.10 Bid-YTW : 4.55 % |
| MFC.PR.N | FixedReset Ins Non | 2.15 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-08-26 Maturity Price : 16.65 Evaluated at bid price : 16.65 Bid-YTW : 4.38 % |
| MFC.PR.J | FixedReset Ins Non | 2.17 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-08-26 Maturity Price : 17.93 Evaluated at bid price : 17.93 Bid-YTW : 4.50 % |
| BAM.PF.G | FixedReset Disc | 2.18 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-08-26 Maturity Price : 15.50 Evaluated at bid price : 15.50 Bid-YTW : 5.30 % |
| PWF.PR.L | Perpetual-Discount | 2.20 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-08-26 Maturity Price : 22.93 Evaluated at bid price : 23.20 Bid-YTW : 5.54 % |
| PWF.PR.K | Perpetual-Discount | 2.22 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-08-26 Maturity Price : 22.31 Evaluated at bid price : 22.58 Bid-YTW : 5.53 % |
| PWF.PR.P | FixedReset Disc | 2.34 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-08-26 Maturity Price : 10.50 Evaluated at bid price : 10.50 Bid-YTW : 4.78 % |
| CM.PR.R | FixedReset Disc | 2.35 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-08-26 Maturity Price : 22.78 Evaluated at bid price : 23.13 Bid-YTW : 4.16 % |
| TD.PF.K | FixedReset Disc | 2.35 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-08-26 Maturity Price : 20.45 Evaluated at bid price : 20.45 Bid-YTW : 4.02 % |
| TD.PF.E | FixedReset Disc | 2.44 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-08-26 Maturity Price : 21.00 Evaluated at bid price : 21.00 Bid-YTW : 3.90 % |
| TRP.PR.F | FloatingReset | 2.49 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-08-26 Maturity Price : 10.71 Evaluated at bid price : 10.71 Bid-YTW : 4.90 % |
| MFC.PR.F | FixedReset Ins Non | 2.50 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-08-26 Maturity Price : 10.24 Evaluated at bid price : 10.24 Bid-YTW : 4.41 % |
| CU.PR.C | FixedReset Disc | 2.60 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-08-26 Maturity Price : 16.16 Evaluated at bid price : 16.16 Bid-YTW : 4.41 % |
| MFC.PR.L | FixedReset Ins Non | 2.79 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-08-26 Maturity Price : 15.47 Evaluated at bid price : 15.47 Bid-YTW : 4.51 % |
| SLF.PR.G | FixedReset Ins Non | 2.93 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-08-26 Maturity Price : 10.55 Evaluated at bid price : 10.55 Bid-YTW : 4.26 % |
| MFC.PR.M | FixedReset Ins Non | 3.21 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-08-26 Maturity Price : 16.73 Evaluated at bid price : 16.73 Bid-YTW : 4.46 % |
| TRP.PR.A | FixedReset Disc | 3.31 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-08-26 Maturity Price : 12.81 Evaluated at bid price : 12.81 Bid-YTW : 5.18 % |
| TRP.PR.E | FixedReset Disc | 3.31 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-08-26 Maturity Price : 14.04 Evaluated at bid price : 14.04 Bid-YTW : 5.36 % |
| BAM.PF.A | FixedReset Disc | 3.49 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-08-26 Maturity Price : 17.80 Evaluated at bid price : 17.80 Bid-YTW : 5.15 % |
| BIP.PR.A | FixedReset Disc | 3.56 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-08-26 Maturity Price : 17.45 Evaluated at bid price : 17.45 Bid-YTW : 5.76 % |
| BMO.PR.Y | FixedReset Disc | 3.58 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-08-26 Maturity Price : 19.11 Evaluated at bid price : 19.11 Bid-YTW : 4.06 % |
| CM.PR.P | FixedReset Disc | 3.62 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-08-26 Maturity Price : 18.34 Evaluated at bid price : 18.34 Bid-YTW : 4.02 % |
| BMO.PR.W | FixedReset Disc | 3.85 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-08-26 Maturity Price : 18.33 Evaluated at bid price : 18.33 Bid-YTW : 3.92 % |
| BMO.PR.T | FixedReset Disc | 3.94 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-08-26 Maturity Price : 17.67 Evaluated at bid price : 17.67 Bid-YTW : 4.01 % |
| BAM.PF.B | FixedReset Disc | 4.69 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-08-26 Maturity Price : 16.31 Evaluated at bid price : 16.31 Bid-YTW : 5.19 % |
| BAM.PR.Z | FixedReset Disc | 4.79 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-08-26 Maturity Price : 17.29 Evaluated at bid price : 17.29 Bid-YTW : 5.22 % |
| BAM.PR.T | FixedReset Disc | 4.83 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-08-26 Maturity Price : 13.68 Evaluated at bid price : 13.68 Bid-YTW : 5.16 % |
| BAM.PF.F | FixedReset Disc | 5.05 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-08-26 Maturity Price : 16.85 Evaluated at bid price : 16.85 Bid-YTW : 5.17 % |
| GWO.PR.N | FixedReset Ins Non | 5.05 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-08-26 Maturity Price : 10.40 Evaluated at bid price : 10.40 Bid-YTW : 4.13 % |
| BAM.PF.E | FixedReset Disc | 6.19 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-08-26 Maturity Price : 15.45 Evaluated at bid price : 15.45 Bid-YTW : 5.11 % |
| Volume Highlights | |||
| Issue | Index | Shares Traded |
Notes |
| SLF.PR.D | Deemed-Retractible | 380,465 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-08-26 Maturity Price : 21.45 Evaluated at bid price : 21.45 Bid-YTW : 5.19 % |
| BMO.PR.C | FixedReset Disc | 255,528 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-08-26 Maturity Price : 23.13 Evaluated at bid price : 23.51 Bid-YTW : 4.01 % |
| BNS.PR.Z | FixedReset Bank Non | 203,875 | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2022-01-31 Maturity Price : 25.00 Evaluated at bid price : 24.85 Bid-YTW : 2.38 % |
| CM.PR.R | FixedReset Disc | 111,400 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-08-26 Maturity Price : 22.78 Evaluated at bid price : 23.13 Bid-YTW : 4.16 % |
| RY.PR.M | FixedReset Disc | 106,210 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-08-26 Maturity Price : 19.30 Evaluated at bid price : 19.30 Bid-YTW : 3.91 % |
| RY.PR.R | FixedReset Prem | 80,026 | YTW SCENARIO Maturity Type : Call Maturity Date : 2021-08-24 Maturity Price : 25.00 Evaluated at bid price : 25.41 Bid-YTW : 3.87 % |
| There were 55 other index-included issues trading in excess of 10,000 shares. | |||
| Wide Spread Highlights | ||
| Issue | Index | Quote Data and Yield Notes |
| TD.PF.D | FixedReset Disc | Quote: 19.00 – 20.64 Spot Rate : 1.6400 Average : 0.9977 YTW SCENARIO |
| SLF.PR.J | FloatingReset | Quote: 9.50 – 10.50 Spot Rate : 1.0000 Average : 0.6211 YTW SCENARIO |
| MFC.PR.G | FixedReset Ins Non | Quote: 18.17 – 19.20 Spot Rate : 1.0300 Average : 0.6814 YTW SCENARIO |
| MFC.PR.I | FixedReset Ins Non | Quote: 18.15 – 19.24 Spot Rate : 1.0900 Average : 0.7434 YTW SCENARIO |
| MFC.PR.N | FixedReset Ins Non | Quote: 16.65 – 17.65 Spot Rate : 1.0000 Average : 0.6535 YTW SCENARIO |
| IAF.PR.G | FixedReset Ins Non | Quote: 18.83 – 25.00 Spot Rate : 6.1700 Average : 5.8243 YTW SCENARIO |
The Royal Bank announced today it is redeeming $1.5B of outstanding preferred shares.
http://www.rbc.com/newsroom/news/2020/20200826-preferred-shares-redemption.html