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TXPR closed at 657.12, up 0.64% on the day. Volume today was 5.29-million, second only to February 11 in the past 20 trading days.
CPD closed at 13.07, up 0.66% on the day. Volume was 63,695, roughly the median of the past 20 trading days.
ZPR closed at 10.65, up 0.66% on the day. Volume of 417,283, nothing special in the context of the past 20 trading days.
Five-year Canada yields were down 7bp to 0.81% today.
| 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 | 1.1205 % | 2,244.5 |
| FixedFloater | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 1.1205 % | 4,118.6 |
| Floater | 3.85 % | 3.82 % | 51,750 | 17.74 | 3 | 1.1205 % | 2,373.6 |
| OpRet | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.2258 % | 3,677.9 |
| SplitShare | 4.77 % | 3.98 % | 36,406 | 3.67 | 9 | 0.2258 % | 4,392.2 |
| Interest-Bearing | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.2258 % | 3,427.0 |
| Perpetual-Premium | 5.32 % | 3.63 % | 74,648 | 0.12 | 21 | 0.1440 % | 3,239.4 |
| Perpetual-Discount | 4.94 % | 5.00 % | 86,819 | 15.44 | 13 | 0.2505 % | 3,742.6 |
| FixedReset Disc | 4.47 % | 3.79 % | 183,254 | 17.44 | 52 | 1.0690 % | 2,593.8 |
| Insurance Straight | 5.02 % | 4.78 % | 79,032 | 15.29 | 22 | 0.0640 % | 3,598.4 |
| FloatingReset | 3.12 % | 3.48 % | 28,748 | 18.60 | 2 | 1.0601 % | 2,303.7 |
| FixedReset Prem | 5.09 % | 3.43 % | 236,032 | 1.19 | 26 | 0.1195 % | 2,713.1 |
| FixedReset Bank Non | 1.81 % | 1.96 % | 238,357 | 0.48 | 1 | 0.0000 % | 2,890.8 |
| FixedReset Ins Non | 4.43 % | 3.67 % | 135,230 | 17.85 | 22 | 0.4959 % | 2,776.3 |
| Performance Highlights | |||
| Issue | Index | Change | Notes |
| BAM.PR.K | Floater | -3.78 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-03-01 Maturity Price : 10.68 Evaluated at bid price : 10.68 Bid-YTW : 4.06 % |
| SLF.PR.J | FloatingReset | -2.10 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-03-01 Maturity Price : 14.01 Evaluated at bid price : 14.01 Bid-YTW : 2.72 % |
| IFC.PR.E | Insurance Straight | -1.61 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-03-01 Maturity Price : 24.53 Evaluated at bid price : 25.00 Bid-YTW : 5.27 % |
| CU.PR.E | Perpetual-Discount | -1.25 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-03-01 Maturity Price : 24.24 Evaluated at bid price : 24.50 Bid-YTW : 5.01 % |
| BMO.PR.D | FixedReset Disc | 1.01 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-03-01 Maturity Price : 23.74 Evaluated at bid price : 25.00 Bid-YTW : 3.95 % |
| IFC.PR.C | FixedReset Ins Non | 1.02 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-03-01 Maturity Price : 22.17 Evaluated at bid price : 22.85 Bid-YTW : 3.80 % |
| BMO.PR.S | FixedReset Disc | 1.11 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-03-01 Maturity Price : 22.26 Evaluated at bid price : 22.75 Bid-YTW : 3.56 % |
| IAF.PR.G | FixedReset Ins Non | 1.11 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-03-01 Maturity Price : 24.14 Evaluated at bid price : 24.52 Bid-YTW : 3.72 % |
| BAM.PR.T | FixedReset Disc | 1.13 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-03-01 Maturity Price : 17.95 Evaluated at bid price : 17.95 Bid-YTW : 4.46 % |
| NA.PR.E | FixedReset Disc | 1.13 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-03-01 Maturity Price : 22.96 Evaluated at bid price : 23.27 Bid-YTW : 3.79 % |
| IFC.PR.A | FixedReset Ins Non | 1.13 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-03-01 Maturity Price : 17.85 Evaluated at bid price : 17.85 Bid-YTW : 3.72 % |
| IAF.PR.I | FixedReset Ins Non | 1.15 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-03-01 Maturity Price : 23.42 Evaluated at bid price : 24.62 Bid-YTW : 3.65 % |
| RY.PR.J | FixedReset Disc | 1.16 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-03-01 Maturity Price : 22.65 Evaluated at bid price : 23.60 Bid-YTW : 3.64 % |
| RY.PR.S | FixedReset Disc | 1.18 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-03-01 Maturity Price : 23.01 Evaluated at bid price : 24.08 Bid-YTW : 3.49 % |
| CM.PR.Q | FixedReset Disc | 1.19 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-03-01 Maturity Price : 22.31 Evaluated at bid price : 23.00 Bid-YTW : 3.79 % |
| BMO.PR.C | FixedReset Prem | 1.20 % | YTW SCENARIO Maturity Type : Call Maturity Date : 2022-05-25 Maturity Price : 25.00 Evaluated at bid price : 25.35 Bid-YTW : 3.39 % |
| NA.PR.G | FixedReset Disc | 1.24 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-03-01 Maturity Price : 23.24 Evaluated at bid price : 24.50 Bid-YTW : 3.78 % |
| BAM.PR.X | FixedReset Disc | 1.26 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-03-01 Maturity Price : 15.24 Evaluated at bid price : 15.24 Bid-YTW : 4.38 % |
| TD.PF.D | FixedReset Disc | 1.33 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-03-01 Maturity Price : 22.67 Evaluated at bid price : 23.67 Bid-YTW : 3.67 % |
| PWF.PR.T | FixedReset Disc | 1.39 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-03-01 Maturity Price : 21.49 Evaluated at bid price : 21.85 Bid-YTW : 3.83 % |
| PWF.PR.S | Perpetual-Discount | 1.46 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-03-01 Maturity Price : 24.08 Evaluated at bid price : 24.35 Bid-YTW : 4.97 % |
| BMO.PR.Y | FixedReset Disc | 1.62 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-03-01 Maturity Price : 22.40 Evaluated at bid price : 23.16 Bid-YTW : 3.66 % |
| BAM.PR.R | FixedReset Disc | 1.83 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-03-01 Maturity Price : 17.80 Evaluated at bid price : 17.80 Bid-YTW : 4.45 % |
| TRP.PR.C | FixedReset Disc | 1.95 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-03-01 Maturity Price : 13.05 Evaluated at bid price : 13.05 Bid-YTW : 4.36 % |
| TRP.PR.A | FixedReset Disc | 2.50 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-03-01 Maturity Price : 15.96 Evaluated at bid price : 15.96 Bid-YTW : 4.52 % |
| CU.PR.C | FixedReset Disc | 2.73 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-03-01 Maturity Price : 20.34 Evaluated at bid price : 20.34 Bid-YTW : 3.99 % |
| NA.PR.W | FixedReset Disc | 2.79 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-03-01 Maturity Price : 21.42 Evaluated at bid price : 21.75 Bid-YTW : 3.70 % |
| BAM.PR.C | Floater | 3.28 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-03-01 Maturity Price : 11.35 Evaluated at bid price : 11.35 Bid-YTW : 3.82 % |
| GWO.PR.N | FixedReset Ins Non | 3.70 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-03-01 Maturity Price : 14.85 Evaluated at bid price : 14.85 Bid-YTW : 3.47 % |
| TRP.PR.E | FixedReset Disc | 3.75 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-03-01 Maturity Price : 18.80 Evaluated at bid price : 18.80 Bid-YTW : 4.41 % |
| PWF.PR.P | FixedReset Disc | 3.77 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-03-01 Maturity Price : 13.75 Evaluated at bid price : 13.75 Bid-YTW : 4.24 % |
| BAM.PR.B | Floater | 3.93 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-03-01 Maturity Price : 11.36 Evaluated at bid price : 11.36 Bid-YTW : 3.82 % |
| BIP.PR.E | FixedReset Disc | 4.20 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-03-01 Maturity Price : 23.39 Evaluated at bid price : 24.55 Bid-YTW : 5.03 % |
| TRP.PR.F | FloatingReset | 4.29 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-03-01 Maturity Price : 14.59 Evaluated at bid price : 14.59 Bid-YTW : 3.48 % |
| TRP.PR.D | FixedReset Disc | 4.42 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-03-01 Maturity Price : 18.90 Evaluated at bid price : 18.90 Bid-YTW : 4.44 % |
| TRP.PR.B | FixedReset Disc | 4.45 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-03-01 Maturity Price : 12.21 Evaluated at bid price : 12.21 Bid-YTW : 4.12 % |
| Volume Highlights | |||
| Issue | Index | Shares Traded |
Notes |
| BMO.PR.Q | FixedReset Bank Non | 333,636 | YTW SCENARIO Maturity Type : Call Maturity Date : 2021-08-25 Maturity Price : 25.00 Evaluated at bid price : 24.99 Bid-YTW : 1.96 % |
| TRP.PR.G | FixedReset Disc | 153,356 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-03-01 Maturity Price : 19.92 Evaluated at bid price : 19.92 Bid-YTW : 4.63 % |
| TRP.PR.J | FixedReset Prem | 143,069 | YTW SCENARIO Maturity Type : Call Maturity Date : 2021-05-31 Maturity Price : 25.00 Evaluated at bid price : 25.21 Bid-YTW : 2.32 % |
| TRP.PR.K | FixedReset Prem | 106,720 | YTW SCENARIO Maturity Type : Call Maturity Date : 2022-05-31 Maturity Price : 25.00 Evaluated at bid price : 25.23 Bid-YTW : 4.20 % |
| CU.PR.I | FixedReset Prem | 74,911 | YTW SCENARIO Maturity Type : Call Maturity Date : 2025-12-01 Maturity Price : 25.00 Evaluated at bid price : 25.76 Bid-YTW : 3.81 % |
| CU.PR.C | FixedReset Disc | 72,723 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-03-01 Maturity Price : 20.34 Evaluated at bid price : 20.34 Bid-YTW : 3.99 % |
| There were 88 other index-included issues trading in excess of 10,000 shares. | |||
| Wide Spread Highlights | ||
| Issue | Index | Quote Data and Yield Notes |
| TRP.PR.A | FixedReset Disc | Quote: 15.96 – 20.00 Spot Rate : 4.0400 Average : 2.9977 YTW SCENARIO |
| BAM.PR.K | Floater | Quote: 10.68 – 11.75 Spot Rate : 1.0700 Average : 0.6666 YTW SCENARIO |
| SLF.PR.H | FixedReset Ins Non | Quote: 20.98 – 22.00 Spot Rate : 1.0200 Average : 0.6890 YTW SCENARIO |
| MFC.PR.L | FixedReset Ins Non | Quote: 21.20 – 22.00 Spot Rate : 0.8000 Average : 0.5299 YTW SCENARIO |
| MFC.PR.B | Insurance Straight | Quote: 24.40 – 25.15 Spot Rate : 0.7500 Average : 0.5095 YTW SCENARIO |
| PWF.PR.P | FixedReset Disc | Quote: 13.75 – 15.50 Spot Rate : 1.7500 Average : 1.5309 YTW SCENARIO |