Category: Market Action

Market Action

October 13, 2020

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 -0.3217 % 1,639.9
FixedFloater 0.00 % 0.00 % 0 0.00 0 -0.3217 % 3,009.2
Floater 5.19 % 5.23 % 46,271 15.12 3 -0.3217 % 1,734.2
OpRet 0.00 % 0.00 % 0 0.00 0 0.2783 % 3,532.7
SplitShare 4.80 % 4.60 % 53,688 3.58 8 0.2783 % 4,218.8
Interest-Bearing 0.00 % 0.00 % 0 0.00 0 0.2783 % 3,291.6
Perpetual-Premium 5.29 % -3.70 % 90,872 0.09 17 0.0964 % 3,197.2
Perpetual-Discount 5.10 % 5.07 % 92,164 15.17 17 -0.4193 % 3,608.6
FixedReset Disc 5.47 % 4.18 % 124,275 16.53 65 -0.2354 % 2,111.6
Deemed-Retractible 5.08 % 4.83 % 106,494 15.13 22 -0.5154 % 3,493.4
FloatingReset 1.97 % 2.71 % 42,912 1.28 3 -0.0336 % 1,798.2
FixedReset Prem 5.21 % 3.27 % 262,056 0.82 14 0.1608 % 2,645.3
FixedReset Bank Non 1.94 % 2.24 % 112,713 1.28 2 0.0000 % 2,856.6
FixedReset Ins Non 5.47 % 4.23 % 78,435 16.47 22 0.6569 % 2,207.3
Performance Highlights
Issue Index Change Notes
RY.PR.M FixedReset Disc -35.90 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-13
Maturity Price : 11.98
Evaluated at bid price : 11.98
Bid-YTW : 6.38 %
SLF.PR.C Deemed-Retractible -6.68 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-13
Maturity Price : 21.98
Evaluated at bid price : 22.21
Bid-YTW : 5.04 %
CU.PR.D Perpetual-Discount -3.88 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-13
Maturity Price : 23.73
Evaluated at bid price : 24.03
Bid-YTW : 5.15 %
CU.PR.E Perpetual-Discount -2.28 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-13
Maturity Price : 24.19
Evaluated at bid price : 24.43
Bid-YTW : 5.07 %
TRP.PR.B FixedReset Disc -2.10 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-13
Maturity Price : 8.40
Evaluated at bid price : 8.40
Bid-YTW : 5.01 %
SLF.PR.B Deemed-Retractible -1.96 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-13
Maturity Price : 24.22
Evaluated at bid price : 24.48
Bid-YTW : 4.93 %
SLF.PR.E Deemed-Retractible -1.42 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-13
Maturity Price : 23.39
Evaluated at bid price : 23.68
Bid-YTW : 4.77 %
SLF.PR.A Deemed-Retractible -1.30 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-13
Maturity Price : 24.09
Evaluated at bid price : 24.35
Bid-YTW : 4.90 %
BMO.PR.T FixedReset Disc -1.27 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-13
Maturity Price : 17.13
Evaluated at bid price : 17.13
Bid-YTW : 4.18 %
SLF.PR.D Deemed-Retractible -1.05 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-13
Maturity Price : 23.20
Evaluated at bid price : 23.50
Bid-YTW : 4.75 %
IAF.PR.G FixedReset Ins Non 1.01 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-13
Maturity Price : 19.04
Evaluated at bid price : 19.04
Bid-YTW : 4.34 %
MFC.PR.Q FixedReset Ins Non 1.07 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-13
Maturity Price : 18.95
Evaluated at bid price : 18.95
Bid-YTW : 4.23 %
SLF.PR.G FixedReset Ins Non 1.21 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-13
Maturity Price : 10.90
Evaluated at bid price : 10.90
Bid-YTW : 4.15 %
IAF.PR.I FixedReset Ins Non 1.26 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-13
Maturity Price : 20.05
Evaluated at bid price : 20.05
Bid-YTW : 4.22 %
CM.PR.P FixedReset Disc 1.39 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-13
Maturity Price : 18.23
Evaluated at bid price : 18.23
Bid-YTW : 4.00 %
TRP.PR.A FixedReset Disc 1.61 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-13
Maturity Price : 11.99
Evaluated at bid price : 11.99
Bid-YTW : 5.48 %
MFC.PR.F FixedReset Ins Non 1.69 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-13
Maturity Price : 10.80
Evaluated at bid price : 10.80
Bid-YTW : 4.21 %
BIP.PR.A FixedReset Disc 1.83 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-13
Maturity Price : 17.25
Evaluated at bid price : 17.25
Bid-YTW : 5.78 %
IFC.PR.G FixedReset Ins Non 1.86 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-13
Maturity Price : 18.10
Evaluated at bid price : 18.10
Bid-YTW : 4.47 %
MFC.PR.G FixedReset Ins Non 2.05 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-13
Maturity Price : 19.90
Evaluated at bid price : 19.90
Bid-YTW : 4.20 %
NA.PR.G FixedReset Disc 2.14 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-13
Maturity Price : 20.08
Evaluated at bid price : 20.08
Bid-YTW : 4.27 %
IFC.PR.A FixedReset Ins Non 3.03 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-13
Maturity Price : 12.60
Evaluated at bid price : 12.60
Bid-YTW : 4.54 %
TRP.PR.G FixedReset Disc 6.66 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-13
Maturity Price : 15.21
Evaluated at bid price : 15.21
Bid-YTW : 5.57 %
Volume Highlights
Issue Index Shares
Traded		 Notes
PVS.PR.I SplitShare 42,275 YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-10-31
Maturity Price : 25.00
Evaluated at bid price : 25.20
Bid-YTW : 4.60 %
TRP.PR.G FixedReset Disc 31,650 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-13
Maturity Price : 15.21
Evaluated at bid price : 15.21
Bid-YTW : 5.57 %
CM.PR.T FixedReset Disc 28,225 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-13
Maturity Price : 23.10
Evaluated at bid price : 24.45
Bid-YTW : 3.98 %
BAM.PR.X FixedReset Disc 23,278 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-13
Maturity Price : 11.13
Evaluated at bid price : 11.13
Bid-YTW : 5.05 %
RY.PR.Z FixedReset Disc 21,905 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-13
Maturity Price : 18.18
Evaluated at bid price : 18.18
Bid-YTW : 3.89 %
PWF.PR.O Perpetual-Premium 21,900 YTW SCENARIO
Maturity Type : Call
Maturity Date : 2020-11-12
Maturity Price : 25.00
Evaluated at bid price : 25.26
Bid-YTW : -10.02 %
There were 7 other index-included issues trading in excess of 10,000 shares.
Wide Spread Highlights
Issue Index Quote Data and Yield Notes
RY.PR.M FixedReset Disc Quote: 11.98 – 18.95
Spot Rate : 6.9700
Average : 3.8051

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-13
Maturity Price : 11.98
Evaluated at bid price : 11.98
Bid-YTW : 6.38 %
CIU.PR.A Perpetual-Discount Quote: 23.53 – 25.25
Spot Rate : 1.7200
Average : 1.0009

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-13
Maturity Price : 23.23
Evaluated at bid price : 23.53
Bid-YTW : 4.93 %
SLF.PR.C Deemed-Retractible Quote: 22.21 – 23.65
Spot Rate : 1.4400
Average : 0.7927

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-13
Maturity Price : 21.98
Evaluated at bid price : 22.21
Bid-YTW : 5.04 %
CU.PR.D Perpetual-Discount Quote: 24.03 – 24.96
Spot Rate : 0.9300
Average : 0.5297

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-13
Maturity Price : 23.73
Evaluated at bid price : 24.03
Bid-YTW : 5.15 %
TRP.PR.A FixedReset Disc Quote: 11.99 – 12.95
Spot Rate : 0.9600
Average : 0.5605

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-13
Maturity Price : 11.99
Evaluated at bid price : 11.99
Bid-YTW : 5.48 %
BAM.PF.A FixedReset Disc Quote: 17.50 – 18.30
Spot Rate : 0.8000
Average : 0.5417

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-13
Maturity Price : 17.50
Evaluated at bid price : 17.50
Bid-YTW : 5.16 %
Market Action

October 9, 2020

Jobs, jobs, jobs!

Canada’s economy added 378,000 new jobs in September, Statistics Canada says, almost all of which were full-time positions.

September’s job gains mean that the job market is now within 720,000 positions of where it was in February, before the advent of COVID-19 in Canada.
…
September’s hiring was enough to push the jobless rate down to 9 per cent. For context, in February, Canada’s unemployment rate was 5.6 per cent, before COVID-19 walloped the economy, and pushed it up to a high of 13.7 per cent in May, the highest rate on record. It has fallen steadily in each of the four months since then.

… but in Ontario:

Ontario has ordered new sweeping restrictions in the COVID-19 hot spots of Toronto, Ottawa and Peel Region in the face of “alarming” growth in coronavirus cases and hospitalizations, a decision being met with relief from health care leaders but scorn by the business community.

With the province’s COVID-19 cases hitting a daily record high of 939, Premier Doug Ford’s government announced that new restrictions will take effect Saturday at 12:01 am. The province is prohibiting indoor dining and drink service at bars, restaurants and nightclubs in the three regions, as well as shuttering indoor gyms, cinemas, casinos and performing arts venues, for at least 28 days.

The province is also limiting team sports to training sessions only, and beginning on Tuesday, capping wedding receptions at 10 people indoors and 25 outdoors. The new limits do not apply to schools, child care centres or places of worship.

Andrew Coyne in the Globe points out:

Is there a way to square that circle – to raise taxes, without hurting incentives to work, save and invest? Yes, there is. Two, in fact. The first is to broaden the tax base by ending the many preferences inserted in the tax laws over the years on behalf of this or that industry or group, for particular types of income or investment.

Every year, the Finance Department issues a list of these “tax expenditures,” together with their estimated cost to the Treasury. The lower tax rate for small business, for example, costs about $5-billion annually; the exemption for employee health and dental benefits, another $3-billion; while the non-taxation of capital gains on principal residences drains fully $6-billion from federal revenues every year.
…
And the other? Raise the GST. Each percentage point adds about $7-billion to the treasury, without harm, since the tax is not linked to income, to incentives to earn it. With offsetting increases in the GST tax credit, poor families would be spared any impact.

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 0.2418 % 1,645.2
FixedFloater 0.00 % 0.00 % 0 0.00 0 0.2418 % 3,018.9
Floater 5.17 % 5.21 % 47,850 15.16 3 0.2418 % 1,739.8
OpRet 0.00 % 0.00 % 0 0.00 0 0.1792 % 3,522.9
SplitShare 4.81 % 4.76 % 54,223 3.59 8 0.1792 % 4,207.0
Interest-Bearing 0.00 % 0.00 % 0 0.00 0 0.1792 % 3,282.5
Perpetual-Premium 5.30 % -6.67 % 91,203 0.09 17 0.0298 % 3,194.1
Perpetual-Discount 5.08 % 5.06 % 92,292 15.33 17 0.0291 % 3,623.8
FixedReset Disc 5.46 % 4.18 % 125,906 16.57 65 -0.1887 % 2,116.6
Deemed-Retractible 5.06 % 4.83 % 106,996 15.18 22 -0.5638 % 3,511.5
FloatingReset 1.97 % 2.60 % 42,511 1.30 3 -0.1007 % 1,798.8
FixedReset Prem 5.22 % 3.52 % 264,545 0.83 14 -0.0395 % 2,641.1
FixedReset Bank Non 1.94 % 2.22 % 113,326 1.29 2 -0.0402 % 2,856.6
FixedReset Ins Non 5.51 % 4.24 % 79,109 16.46 22 -0.1267 % 2,192.9
Performance Highlights
Issue Index Change Notes
TRP.PR.G FixedReset Disc -6.92 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-09
Maturity Price : 14.26
Evaluated at bid price : 14.26
Bid-YTW : 5.94 %
MFC.PR.F FixedReset Ins Non -3.28 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-09
Maturity Price : 10.62
Evaluated at bid price : 10.62
Bid-YTW : 4.28 %
BAM.PR.X FixedReset Disc -2.65 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-09
Maturity Price : 11.04
Evaluated at bid price : 11.04
Bid-YTW : 5.09 %
CCS.PR.C Deemed-Retractible -2.24 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-09
Maturity Price : 23.74
Evaluated at bid price : 24.05
Bid-YTW : 5.22 %
SLF.PR.G FixedReset Ins Non -2.00 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-09
Maturity Price : 10.77
Evaluated at bid price : 10.77
Bid-YTW : 4.20 %
MFC.PR.B Deemed-Retractible -2.00 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-09
Maturity Price : 23.71
Evaluated at bid price : 24.02
Bid-YTW : 4.87 %
IFC.PR.A FixedReset Ins Non -1.69 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-09
Maturity Price : 12.23
Evaluated at bid price : 12.23
Bid-YTW : 4.68 %
SLF.PR.I FixedReset Ins Non -1.58 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-09
Maturity Price : 18.65
Evaluated at bid price : 18.65
Bid-YTW : 4.26 %
GWO.PR.P Deemed-Retractible -1.50 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-09
Maturity Price : 24.80
Evaluated at bid price : 25.02
Bid-YTW : 5.43 %
MFC.PR.Q FixedReset Ins Non -1.37 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-09
Maturity Price : 18.75
Evaluated at bid price : 18.75
Bid-YTW : 4.27 %
IAF.PR.B Deemed-Retractible -1.26 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-09
Maturity Price : 23.95
Evaluated at bid price : 24.20
Bid-YTW : 4.77 %
POW.PR.B Perpetual-Discount -1.18 % YTW SCENARIO
Maturity Type : Call
Maturity Date : 2020-11-08
Maturity Price : 25.00
Evaluated at bid price : 25.20
Bid-YTW : -5.36 %
GWO.PR.I Deemed-Retractible -1.14 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-09
Maturity Price : 23.20
Evaluated at bid price : 23.50
Bid-YTW : 4.80 %
PWF.PR.P FixedReset Disc -1.07 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-09
Maturity Price : 10.14
Evaluated at bid price : 10.14
Bid-YTW : 4.89 %
TD.PF.E FixedReset Disc -1.07 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-09
Maturity Price : 19.50
Evaluated at bid price : 19.50
Bid-YTW : 4.18 %
RY.PR.M FixedReset Disc -1.06 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-09
Maturity Price : 18.69
Evaluated at bid price : 18.69
Bid-YTW : 4.06 %
MFC.PR.C Deemed-Retractible -1.05 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-09
Maturity Price : 23.33
Evaluated at bid price : 23.61
Bid-YTW : 4.79 %
BMO.PR.W FixedReset Disc -1.04 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-09
Maturity Price : 18.01
Evaluated at bid price : 18.01
Bid-YTW : 4.03 %
SLF.PR.D Deemed-Retractible -1.04 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-09
Maturity Price : 23.48
Evaluated at bid price : 23.75
Bid-YTW : 4.70 %
NA.PR.G FixedReset Disc -1.01 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-09
Maturity Price : 19.66
Evaluated at bid price : 19.66
Bid-YTW : 4.36 %
IFC.PR.G FixedReset Ins Non -1.00 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-09
Maturity Price : 17.77
Evaluated at bid price : 17.77
Bid-YTW : 4.55 %
BAM.PF.D Perpetual-Discount 1.03 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-09
Maturity Price : 23.36
Evaluated at bid price : 23.65
Bid-YTW : 5.20 %
BAM.PF.F FixedReset Disc 1.04 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-09
Maturity Price : 16.50
Evaluated at bid price : 16.50
Bid-YTW : 5.22 %
MFC.PR.H FixedReset Ins Non 1.24 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-09
Maturity Price : 21.20
Evaluated at bid price : 21.20
Bid-YTW : 4.24 %
BMO.PR.S FixedReset Disc 1.34 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-09
Maturity Price : 18.14
Evaluated at bid price : 18.14
Bid-YTW : 4.08 %
BMO.PR.T FixedReset Disc 1.34 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-09
Maturity Price : 17.35
Evaluated at bid price : 17.35
Bid-YTW : 4.12 %
BAM.PR.Z FixedReset Disc 1.54 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-09
Maturity Price : 17.12
Evaluated at bid price : 17.12
Bid-YTW : 5.19 %
BAM.PF.B FixedReset Disc 1.90 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-09
Maturity Price : 16.10
Evaluated at bid price : 16.10
Bid-YTW : 5.18 %
BAM.PR.R FixedReset Disc 1.94 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-09
Maturity Price : 13.15
Evaluated at bid price : 13.15
Bid-YTW : 5.16 %
MFC.PR.N FixedReset Ins Non 1.96 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-09
Maturity Price : 17.68
Evaluated at bid price : 17.68
Bid-YTW : 4.14 %
TRP.PR.A FixedReset Disc 1.99 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-09
Maturity Price : 11.80
Evaluated at bid price : 11.80
Bid-YTW : 5.57 %
MFC.PR.I FixedReset Ins Non 3.13 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-09
Maturity Price : 20.11
Evaluated at bid price : 20.11
Bid-YTW : 4.20 %
Volume Highlights
Issue Index Shares
Traded		 Notes
RY.PR.R FixedReset Prem 89,983 YTW SCENARIO
Maturity Type : Call
Maturity Date : 2021-08-24
Maturity Price : 25.00
Evaluated at bid price : 25.59
Bid-YTW : 3.58 %
BMO.PR.D FixedReset Disc 86,700 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-09
Maturity Price : 22.28
Evaluated at bid price : 22.60
Bid-YTW : 4.04 %
MFC.PR.N FixedReset Ins Non 70,100 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-09
Maturity Price : 17.68
Evaluated at bid price : 17.68
Bid-YTW : 4.14 %
TD.PF.G FixedReset Prem 64,675 YTW SCENARIO
Maturity Type : Call
Maturity Date : 2021-04-30
Maturity Price : 25.00
Evaluated at bid price : 25.27
Bid-YTW : 2.90 %
BMO.PR.B FixedReset Prem 61,180 YTW SCENARIO
Maturity Type : Call
Maturity Date : 2022-02-25
Maturity Price : 25.00
Evaluated at bid price : 25.60
Bid-YTW : 3.52 %
RY.PR.Q FixedReset Prem 60,626 YTW SCENARIO
Maturity Type : Call
Maturity Date : 2021-05-24
Maturity Price : 25.00
Evaluated at bid price : 25.50
Bid-YTW : 3.34 %
There were 28 other index-included issues trading in excess of 10,000 shares.
Wide Spread Highlights
Issue Index Quote Data and Yield Notes
CU.PR.C FixedReset Disc Quote: 16.60 – 18.00
Spot Rate : 1.4000
Average : 0.8851

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-09
Maturity Price : 16.60
Evaluated at bid price : 16.60
Bid-YTW : 4.32 %
RY.PR.O Perpetual-Premium Quote: 26.35 – 27.38
Spot Rate : 1.0300
Average : 0.5863

YTW SCENARIO
Maturity Type : Call
Maturity Date : 2020-11-24
Maturity Price : 26.00
Evaluated at bid price : 26.35
Bid-YTW : -1.25 %
TRP.PR.G FixedReset Disc Quote: 14.26 – 15.54
Spot Rate : 1.2800
Average : 0.9208

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-09
Maturity Price : 14.26
Evaluated at bid price : 14.26
Bid-YTW : 5.94 %
MFC.PR.Q FixedReset Ins Non Quote: 18.75 – 19.59
Spot Rate : 0.8400
Average : 0.5565

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-09
Maturity Price : 18.75
Evaluated at bid price : 18.75
Bid-YTW : 4.27 %
TD.PF.D FixedReset Disc Quote: 18.98 – 19.59
Spot Rate : 0.6100
Average : 0.4150

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-09
Maturity Price : 18.98
Evaluated at bid price : 18.98
Bid-YTW : 4.19 %
GWO.PR.P Deemed-Retractible Quote: 25.02 – 25.50
Spot Rate : 0.4800
Average : 0.3084

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-09
Maturity Price : 24.80
Evaluated at bid price : 25.02
Bid-YTW : 5.43 %
Market Action

October 8, 2020

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 -0.4414 % 1,641.3
FixedFloater 0.00 % 0.00 % 0 0.00 0 -0.4414 % 3,011.6
Floater 5.18 % 5.22 % 49,403 15.16 3 -0.4414 % 1,735.6
OpRet 0.00 % 0.00 % 0 0.00 0 -0.0547 % 3,516.6
SplitShare 4.82 % 4.77 % 53,039 3.59 8 -0.0547 % 4,199.5
Interest-Bearing 0.00 % 0.00 % 0 0.00 0 -0.0547 % 3,276.6
Perpetual-Premium 5.30 % -8.24 % 90,441 0.09 17 0.1777 % 3,193.2
Perpetual-Discount 5.08 % 5.03 % 93,406 15.32 17 -0.0701 % 3,622.8
FixedReset Disc 5.45 % 4.15 % 125,124 16.58 65 0.5611 % 2,120.6
Deemed-Retractible 5.03 % 4.75 % 105,986 15.31 22 -0.2483 % 3,531.4
FloatingReset 1.98 % 2.44 % 41,458 1.30 3 0.2018 % 1,800.6
FixedReset Prem 5.22 % 3.25 % 274,234 0.78 14 0.0639 % 2,642.1
FixedReset Bank Non 1.94 % 2.09 % 104,899 1.29 2 0.0201 % 2,857.7
FixedReset Ins Non 5.50 % 4.24 % 78,469 16.45 22 1.7816 % 2,195.7
Performance Highlights
Issue Index Change Notes
TRP.PR.A FixedReset Disc -1.87 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-08
Maturity Price : 11.57
Evaluated at bid price : 11.57
Bid-YTW : 5.67 %
BAM.PR.C Floater -1.78 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-08
Maturity Price : 8.28
Evaluated at bid price : 8.28
Bid-YTW : 5.22 %
GWO.PR.H Deemed-Retractible -1.48 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-08
Maturity Price : 24.29
Evaluated at bid price : 24.60
Bid-YTW : 4.95 %
CU.PR.E Perpetual-Discount -1.47 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-08
Maturity Price : 24.53
Evaluated at bid price : 24.80
Bid-YTW : 4.99 %
NA.PR.E FixedReset Disc 1.02 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-08
Maturity Price : 18.73
Evaluated at bid price : 18.73
Bid-YTW : 4.22 %
MFC.PR.Q FixedReset Ins Non 1.06 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-08
Maturity Price : 19.01
Evaluated at bid price : 19.01
Bid-YTW : 4.20 %
MFC.PR.J FixedReset Ins Non 1.07 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-08
Maturity Price : 18.94
Evaluated at bid price : 18.94
Bid-YTW : 4.26 %
RY.PR.M FixedReset Disc 1.07 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-08
Maturity Price : 18.89
Evaluated at bid price : 18.89
Bid-YTW : 4.01 %
NA.PR.S FixedReset Disc 1.16 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-08
Maturity Price : 17.48
Evaluated at bid price : 17.48
Bid-YTW : 4.28 %
TRP.PR.B FixedReset Disc 1.18 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-08
Maturity Price : 8.60
Evaluated at bid price : 8.60
Bid-YTW : 4.87 %
TD.PF.C FixedReset Disc 1.21 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-08
Maturity Price : 18.31
Evaluated at bid price : 18.31
Bid-YTW : 3.95 %
TD.PF.E FixedReset Disc 1.22 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-08
Maturity Price : 19.71
Evaluated at bid price : 19.71
Bid-YTW : 4.12 %
TD.PF.I FixedReset Disc 1.26 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-08
Maturity Price : 21.78
Evaluated at bid price : 22.28
Bid-YTW : 3.88 %
BIP.PR.C FixedReset Disc 1.28 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-08
Maturity Price : 23.22
Evaluated at bid price : 23.78
Bid-YTW : 5.64 %
BMO.PR.D FixedReset Disc 1.33 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-08
Maturity Price : 22.48
Evaluated at bid price : 22.82
Bid-YTW : 3.99 %
CM.PR.P FixedReset Disc 1.40 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-08
Maturity Price : 18.14
Evaluated at bid price : 18.14
Bid-YTW : 4.01 %
MFC.PR.M FixedReset Ins Non 1.48 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-08
Maturity Price : 17.84
Evaluated at bid price : 17.84
Bid-YTW : 4.18 %
BAM.PF.G FixedReset Disc 1.64 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-08
Maturity Price : 15.53
Evaluated at bid price : 15.53
Bid-YTW : 5.23 %
SLF.PR.I FixedReset Ins Non 1.66 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-08
Maturity Price : 18.95
Evaluated at bid price : 18.95
Bid-YTW : 4.18 %
MFC.PR.F FixedReset Ins Non 1.67 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-08
Maturity Price : 10.98
Evaluated at bid price : 10.98
Bid-YTW : 4.11 %
CM.PR.S FixedReset Disc 1.72 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-08
Maturity Price : 18.89
Evaluated at bid price : 18.89
Bid-YTW : 4.02 %
NA.PR.G FixedReset Disc 1.79 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-08
Maturity Price : 19.86
Evaluated at bid price : 19.86
Bid-YTW : 4.30 %
BAM.PR.Z FixedReset Disc 1.87 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-08
Maturity Price : 16.86
Evaluated at bid price : 16.86
Bid-YTW : 5.26 %
BAM.PR.X FixedReset Disc 1.98 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-08
Maturity Price : 11.34
Evaluated at bid price : 11.34
Bid-YTW : 4.93 %
PWF.PR.T FixedReset Disc 1.99 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-08
Maturity Price : 16.79
Evaluated at bid price : 16.79
Bid-YTW : 4.47 %
BMO.PR.W FixedReset Disc 2.54 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-08
Maturity Price : 18.20
Evaluated at bid price : 18.20
Bid-YTW : 3.97 %
SLF.PR.H FixedReset Ins Non 2.66 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-08
Maturity Price : 15.41
Evaluated at bid price : 15.41
Bid-YTW : 4.17 %
MFC.PR.G FixedReset Ins Non 2.67 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-08
Maturity Price : 19.61
Evaluated at bid price : 19.61
Bid-YTW : 4.25 %
BAM.PR.T FixedReset Disc 3.00 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-08
Maturity Price : 13.41
Evaluated at bid price : 13.41
Bid-YTW : 5.18 %
TRP.PR.F FloatingReset 3.00 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-08
Maturity Price : 10.29
Evaluated at bid price : 10.29
Bid-YTW : 4.94 %
MFC.PR.K FixedReset Ins Non 3.62 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-08
Maturity Price : 17.46
Evaluated at bid price : 17.46
Bid-YTW : 4.14 %
IAF.PR.G FixedReset Ins Non 3.73 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-08
Maturity Price : 18.90
Evaluated at bid price : 18.90
Bid-YTW : 4.35 %
MFC.PR.I FixedReset Ins Non 4.00 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-08
Maturity Price : 19.50
Evaluated at bid price : 19.50
Bid-YTW : 4.32 %
IFC.PR.G FixedReset Ins Non 4.06 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-08
Maturity Price : 17.95
Evaluated at bid price : 17.95
Bid-YTW : 4.49 %
SLF.PR.G FixedReset Ins Non 4.67 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-08
Maturity Price : 10.99
Evaluated at bid price : 10.99
Bid-YTW : 4.10 %
MFC.PR.H FixedReset Ins Non 5.12 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-08
Maturity Price : 20.94
Evaluated at bid price : 20.94
Bid-YTW : 4.28 %
Volume Highlights
Issue Index Shares
Traded		 Notes
BMO.PR.B FixedReset Prem 103,500 YTW SCENARIO
Maturity Type : Call
Maturity Date : 2022-02-25
Maturity Price : 25.00
Evaluated at bid price : 25.61
Bid-YTW : 3.48 %
TD.PF.G FixedReset Prem 81,635 YTW SCENARIO
Maturity Type : Call
Maturity Date : 2021-04-30
Maturity Price : 25.00
Evaluated at bid price : 25.34
Bid-YTW : 2.38 %
PVS.PR.I SplitShare 69,810 YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-10-31
Maturity Price : 25.00
Evaluated at bid price : 25.00
Bid-YTW : 4.76 %
PWF.PR.Z Perpetual-Discount 63,350 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-08
Maturity Price : 24.51
Evaluated at bid price : 25.00
Bid-YTW : 5.13 %
SLF.PR.C Deemed-Retractible 55,100 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-08
Maturity Price : 23.63
Evaluated at bid price : 23.90
Bid-YTW : 4.67 %
SLF.PR.G FixedReset Ins Non 54,413 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-08
Maturity Price : 10.99
Evaluated at bid price : 10.99
Bid-YTW : 4.10 %
There were 50 other index-included issues trading in excess of 10,000 shares.
Wide Spread Highlights
Issue Index Quote Data and Yield Notes
IFC.PR.C FixedReset Ins Non Quote: 16.89 – 23.99
Spot Rate : 7.1000
Average : 4.6504

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-08
Maturity Price : 16.89
Evaluated at bid price : 16.89
Bid-YTW : 4.54 %
PWF.PR.R Perpetual-Premium Quote: 25.21 – 25.79
Spot Rate : 0.5800
Average : 0.3729

YTW SCENARIO
Maturity Type : Call
Maturity Date : 2020-11-07
Maturity Price : 25.25
Evaluated at bid price : 25.21
Bid-YTW : 3.23 %
MFC.PR.F FixedReset Ins Non Quote: 10.98 – 11.59
Spot Rate : 0.6100
Average : 0.4062

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-08
Maturity Price : 10.98
Evaluated at bid price : 10.98
Bid-YTW : 4.11 %
MFC.PR.L FixedReset Ins Non Quote: 16.49 – 18.00
Spot Rate : 1.5100
Average : 1.3305

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-08
Maturity Price : 16.49
Evaluated at bid price : 16.49
Bid-YTW : 4.24 %
TD.PF.J FixedReset Disc Quote: 20.01 – 20.74
Spot Rate : 0.7300
Average : 0.5507

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-08
Maturity Price : 20.01
Evaluated at bid price : 20.01
Bid-YTW : 4.10 %
IFC.PR.E Deemed-Retractible Quote: 25.15 – 25.85
Spot Rate : 0.7000
Average : 0.5552

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-08
Maturity Price : 24.66
Evaluated at bid price : 25.15
Bid-YTW : 5.18 %
Market Action

October 7, 2020

PerpetualDiscounts now yield 5.04%, equivalent to 6.55% interest at the standard equivalency factor of 1.3x. Long corporates now yield 2.95%, so the pre-tax interest-equivalent spread (in this context, the “Seniority Spread”) has narrowed dramatically to 360bp from the 395bp reported September 30.

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 -0.4792 % 1,648.5
FixedFloater 0.00 % 0.00 % 0 0.00 0 -0.4792 % 3,025.0
Floater 5.16 % 5.22 % 50,103 15.15 3 -0.4792 % 1,743.3
OpRet 0.00 % 0.00 % 0 0.00 0 0.1545 % 3,518.5
SplitShare 4.82 % 4.76 % 55,016 3.59 8 0.1545 % 4,201.8
Interest-Bearing 0.00 % 0.00 % 0 0.00 0 0.1545 % 3,278.4
Perpetual-Premium 5.27 % -0.02 % 84,868 0.09 17 0.2864 % 3,187.5
Perpetual-Discount 5.06 % 5.04 % 91,584 15.10 17 0.6173 % 3,625.3
FixedReset Disc 5.47 % 4.18 % 125,752 16.50 65 1.0959 % 2,108.8
Deemed-Retractible 5.01 % 4.73 % 105,601 4.36 22 0.5877 % 3,540.2
FloatingReset 1.98 % 2.11 % 40,620 1.30 3 0.2698 % 1,796.9
FixedReset Prem 5.21 % 3.46 % 255,423 0.78 14 0.1777 % 2,640.4
FixedReset Bank Non 1.94 % 2.21 % 104,001 1.29 2 0.0805 % 2,857.1
FixedReset Ins Non 5.60 % 4.29 % 78,738 16.34 22 2.0067 % 2,157.2
Performance Highlights
Issue Index Change Notes
MFC.PR.H FixedReset Ins Non -2.50 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-07
Maturity Price : 19.92
Evaluated at bid price : 19.92
Bid-YTW : 4.51 %
SLF.PR.G FixedReset Ins Non -2.23 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-07
Maturity Price : 10.50
Evaluated at bid price : 10.50
Bid-YTW : 4.29 %
TRP.PR.F FloatingReset -2.06 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-07
Maturity Price : 9.99
Evaluated at bid price : 9.99
Bid-YTW : 5.09 %
BAM.PR.K Floater -1.56 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-07
Maturity Price : 8.22
Evaluated at bid price : 8.22
Bid-YTW : 5.26 %
BAM.PR.T FixedReset Disc -1.21 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-07
Maturity Price : 13.02
Evaluated at bid price : 13.02
Bid-YTW : 5.33 %
SLF.PR.E Deemed-Retractible 1.01 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-07
Maturity Price : 23.68
Evaluated at bid price : 23.95
Bid-YTW : 4.71 %
NA.PR.W FixedReset Disc 1.03 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-07
Maturity Price : 16.72
Evaluated at bid price : 16.72
Bid-YTW : 4.31 %
BAM.PF.G FixedReset Disc 1.06 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-07
Maturity Price : 15.28
Evaluated at bid price : 15.28
Bid-YTW : 5.31 %
TD.PF.B FixedReset Disc 1.09 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-07
Maturity Price : 17.66
Evaluated at bid price : 17.66
Bid-YTW : 4.10 %
BMO.PR.A FloatingReset 1.10 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2022-01-31
Maturity Price : 25.00
Evaluated at bid price : 24.72
Bid-YTW : 2.06 %
POW.PR.B Perpetual-Discount 1.11 % YTW SCENARIO
Maturity Type : Call
Maturity Date : 2020-11-06
Maturity Price : 25.00
Evaluated at bid price : 25.58
Bid-YTW : -22.62 %
GWO.PR.N FixedReset Ins Non 1.11 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-07
Maturity Price : 10.01
Evaluated at bid price : 10.01
Bid-YTW : 4.22 %
PWF.PR.L Perpetual-Discount 1.17 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-07
Maturity Price : 24.88
Evaluated at bid price : 25.11
Bid-YTW : 5.16 %
BAM.PF.F FixedReset Disc 1.18 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-07
Maturity Price : 16.35
Evaluated at bid price : 16.35
Bid-YTW : 5.25 %
BAM.PF.A FixedReset Disc 1.18 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-07
Maturity Price : 17.20
Evaluated at bid price : 17.20
Bid-YTW : 5.23 %
MFC.PR.F FixedReset Ins Non 1.22 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-07
Maturity Price : 10.80
Evaluated at bid price : 10.80
Bid-YTW : 4.18 %
TD.PF.A FixedReset Disc 1.25 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-07
Maturity Price : 17.77
Evaluated at bid price : 17.77
Bid-YTW : 4.05 %
BAM.PF.I FixedReset Disc 1.29 % YTW SCENARIO
Maturity Type : Call
Maturity Date : 2022-03-31
Maturity Price : 25.00
Evaluated at bid price : 25.15
Bid-YTW : 4.48 %
BAM.PF.J FixedReset Disc 1.29 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-07
Maturity Price : 23.55
Evaluated at bid price : 25.07
Bid-YTW : 4.68 %
CU.PR.F Perpetual-Discount 1.30 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-07
Maturity Price : 23.93
Evaluated at bid price : 24.22
Bid-YTW : 4.68 %
SLF.PR.C Deemed-Retractible 1.30 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-07
Maturity Price : 23.84
Evaluated at bid price : 24.09
Bid-YTW : 4.63 %
BAM.PR.N Perpetual-Discount 1.33 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-07
Maturity Price : 22.61
Evaluated at bid price : 22.86
Bid-YTW : 5.22 %
TD.PF.E FixedReset Disc 1.34 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-07
Maturity Price : 19.70
Evaluated at bid price : 19.70
Bid-YTW : 4.18 %
IAF.PR.I FixedReset Ins Non 1.35 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-07
Maturity Price : 19.51
Evaluated at bid price : 19.51
Bid-YTW : 4.33 %
MFC.PR.C Deemed-Retractible 1.36 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-07
Maturity Price : 23.65
Evaluated at bid price : 23.92
Bid-YTW : 4.73 %
MFC.PR.Q FixedReset Ins Non 1.40 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-07
Maturity Price : 18.81
Evaluated at bid price : 18.81
Bid-YTW : 4.25 %
PWF.PR.K Perpetual-Discount 1.40 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-07
Maturity Price : 24.27
Evaluated at bid price : 24.57
Bid-YTW : 5.11 %
BIP.PR.D FixedReset Disc 1.43 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-07
Maturity Price : 22.38
Evaluated at bid price : 22.77
Bid-YTW : 5.51 %
BMO.PR.W FixedReset Disc 1.43 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-07
Maturity Price : 17.75
Evaluated at bid price : 17.75
Bid-YTW : 4.08 %
BMO.PR.E FixedReset Disc 1.44 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-07
Maturity Price : 20.47
Evaluated at bid price : 20.47
Bid-YTW : 4.14 %
SLF.PR.D Deemed-Retractible 1.44 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-07
Maturity Price : 23.71
Evaluated at bid price : 23.98
Bid-YTW : 4.65 %
MFC.PR.M FixedReset Ins Non 1.50 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-07
Maturity Price : 17.58
Evaluated at bid price : 17.58
Bid-YTW : 4.25 %
GWO.PR.H Deemed-Retractible 1.55 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-07
Maturity Price : 24.69
Evaluated at bid price : 24.97
Bid-YTW : 4.87 %
RY.PR.M FixedReset Disc 1.58 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-07
Maturity Price : 18.69
Evaluated at bid price : 18.69
Bid-YTW : 4.05 %
CM.PR.P FixedReset Disc 1.65 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-07
Maturity Price : 17.89
Evaluated at bid price : 17.89
Bid-YTW : 4.07 %
CU.PR.C FixedReset Disc 1.66 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-07
Maturity Price : 16.52
Evaluated at bid price : 16.52
Bid-YTW : 4.32 %
TD.PF.I FixedReset Disc 1.74 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-07
Maturity Price : 21.78
Evaluated at bid price : 22.28
Bid-YTW : 3.95 %
GWO.PR.R Deemed-Retractible 1.75 % YTW SCENARIO
Maturity Type : Call
Maturity Date : 2021-12-31
Maturity Price : 25.00
Evaluated at bid price : 25.03
Bid-YTW : 4.81 %
MFC.PR.J FixedReset Ins Non 1.85 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-07
Maturity Price : 18.74
Evaluated at bid price : 18.74
Bid-YTW : 4.31 %
BIP.PR.F FixedReset Disc 1.91 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-07
Maturity Price : 22.04
Evaluated at bid price : 22.42
Bid-YTW : 5.71 %
BMO.PR.Y FixedReset Disc 2.00 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-07
Maturity Price : 18.88
Evaluated at bid price : 18.88
Bid-YTW : 4.12 %
CM.PR.O FixedReset Disc 2.12 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-07
Maturity Price : 17.31
Evaluated at bid price : 17.31
Bid-YTW : 4.20 %
BNS.PR.I FixedReset Disc 2.13 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-07
Maturity Price : 20.12
Evaluated at bid price : 20.12
Bid-YTW : 3.90 %
BIP.PR.E FixedReset Disc 2.13 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-07
Maturity Price : 21.60
Evaluated at bid price : 22.01
Bid-YTW : 5.70 %
NA.PR.E FixedReset Disc 2.15 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-07
Maturity Price : 18.54
Evaluated at bid price : 18.54
Bid-YTW : 4.26 %
GWO.PR.I Deemed-Retractible 2.46 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-07
Maturity Price : 23.49
Evaluated at bid price : 23.76
Bid-YTW : 4.75 %
BAM.PR.X FixedReset Disc 2.49 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-07
Maturity Price : 11.12
Evaluated at bid price : 11.12
Bid-YTW : 5.03 %
BIP.PR.A FixedReset Disc 2.56 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-07
Maturity Price : 17.20
Evaluated at bid price : 17.20
Bid-YTW : 5.78 %
NA.PR.C FixedReset Disc 2.63 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-07
Maturity Price : 23.44
Evaluated at bid price : 23.76
Bid-YTW : 4.04 %
IFC.PR.C FixedReset Ins Non 2.80 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-07
Maturity Price : 16.88
Evaluated at bid price : 16.88
Bid-YTW : 4.54 %
IFC.PR.A FixedReset Ins Non 3.41 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-07
Maturity Price : 12.43
Evaluated at bid price : 12.43
Bid-YTW : 4.58 %
TD.PF.D FixedReset Disc 3.62 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-07
Maturity Price : 19.18
Evaluated at bid price : 19.18
Bid-YTW : 4.20 %
MFC.PR.N FixedReset Ins Non 4.36 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-07
Maturity Price : 17.22
Evaluated at bid price : 17.22
Bid-YTW : 4.25 %
MFC.PR.L FixedReset Ins Non 4.36 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-07
Maturity Price : 16.50
Evaluated at bid price : 16.50
Bid-YTW : 4.23 %
IAF.PR.G FixedReset Ins Non 4.71 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-07
Maturity Price : 18.22
Evaluated at bid price : 18.22
Bid-YTW : 4.52 %
RY.PR.J FixedReset Disc 17.22 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-07
Maturity Price : 19.40
Evaluated at bid price : 19.40
Bid-YTW : 4.08 %
MFC.PR.G FixedReset Ins Non 23.23 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-07
Maturity Price : 19.10
Evaluated at bid price : 19.10
Bid-YTW : 4.36 %
Volume Highlights
Issue Index Shares
Traded		 Notes
PWF.PR.P FixedReset Disc 359,807 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-07
Maturity Price : 10.35
Evaluated at bid price : 10.35
Bid-YTW : 4.86 %
CM.PR.T FixedReset Disc 161,500 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-07
Maturity Price : 23.11
Evaluated at bid price : 24.48
Bid-YTW : 3.96 %
PVS.PR.I SplitShare 148,200 YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-10-31
Maturity Price : 25.00
Evaluated at bid price : 25.00
Bid-YTW : 4.76 %
IFC.PR.C FixedReset Ins Non 94,215 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-07
Maturity Price : 16.88
Evaluated at bid price : 16.88
Bid-YTW : 4.54 %
TD.PF.B FixedReset Disc 70,429 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-07
Maturity Price : 17.66
Evaluated at bid price : 17.66
Bid-YTW : 4.10 %
TD.PF.M FixedReset Disc 69,200 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-07
Maturity Price : 23.33
Evaluated at bid price : 25.18
Bid-YTW : 4.08 %
There were 44 other index-included issues trading in excess of 10,000 shares.
Wide Spread Highlights
Issue Index Quote Data and Yield Notes
IFC.PR.I Perpetual-Premium Quote: 25.73 – 27.00
Spot Rate : 1.2700
Average : 0.7685

YTW SCENARIO
Maturity Type : Call
Maturity Date : 2029-03-31
Maturity Price : 25.00
Evaluated at bid price : 25.73
Bid-YTW : 5.02 %
MFC.PR.C Deemed-Retractible Quote: 23.92 – 24.90
Spot Rate : 0.9800
Average : 0.5595

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-07
Maturity Price : 23.65
Evaluated at bid price : 23.92
Bid-YTW : 4.73 %
MFC.PR.K FixedReset Ins Non Quote: 16.85 – 17.90
Spot Rate : 1.0500
Average : 0.7345

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-07
Maturity Price : 16.85
Evaluated at bid price : 16.85
Bid-YTW : 4.29 %
MFC.PR.H FixedReset Ins Non Quote: 19.92 – 20.74
Spot Rate : 0.8200
Average : 0.5544

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-07
Maturity Price : 19.92
Evaluated at bid price : 19.92
Bid-YTW : 4.51 %
BNS.PR.I FixedReset Disc Quote: 20.12 – 20.88
Spot Rate : 0.7600
Average : 0.5304

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-07
Maturity Price : 20.12
Evaluated at bid price : 20.12
Bid-YTW : 3.90 %
BAM.PF.D Perpetual-Discount Quote: 23.31 – 23.70
Spot Rate : 0.3900
Average : 0.2414

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-07
Maturity Price : 23.02
Evaluated at bid price : 23.31
Bid-YTW : 5.28 %
Market Action

October 6, 2020

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 1.0492 % 1,656.5
FixedFloater 0.00 % 0.00 % 0 0.00 0 1.0492 % 3,039.6
Floater 5.14 % 5.17 % 50,765 15.24 3 1.0492 % 1,751.7
OpRet 0.00 % 0.00 % 0 0.00 0 0.2053 % 3,513.1
SplitShare 4.83 % 4.82 % 55,626 3.59 8 0.2053 % 4,195.3
Interest-Bearing 0.00 % 0.00 % 0 0.00 0 0.2053 % 3,273.4
Perpetual-Premium 5.29 % 3.47 % 84,731 0.15 17 -0.0023 % 3,178.4
Perpetual-Discount 5.09 % 5.08 % 92,067 15.08 17 0.1168 % 3,603.1
FixedReset Disc 5.53 % 4.35 % 127,359 16.36 65 -0.3944 % 2,085.9
Deemed-Retractible 5.04 % 4.79 % 106,942 15.29 22 0.5225 % 3,519.5
FloatingReset 1.99 % 2.90 % 40,714 1.30 3 -0.1179 % 1,792.1
FixedReset Prem 5.22 % 3.77 % 250,550 0.84 14 0.2489 % 2,635.7
FixedReset Bank Non 1.95 % 2.29 % 100,981 1.30 2 -0.1406 % 2,854.8
FixedReset Ins Non 5.71 % 4.38 % 79,005 16.13 22 -1.3620 % 2,114.8
Performance Highlights
Issue Index Change Notes
MFC.PR.G FixedReset Ins Non -18.21 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-06
Maturity Price : 15.50
Evaluated at bid price : 15.50
Bid-YTW : 5.39 %
RY.PR.J FixedReset Disc -14.03 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-06
Maturity Price : 16.55
Evaluated at bid price : 16.55
Bid-YTW : 4.80 %
IAF.PR.G FixedReset Ins Non -5.79 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-06
Maturity Price : 17.40
Evaluated at bid price : 17.40
Bid-YTW : 4.73 %
MFC.PR.I FixedReset Ins Non -3.35 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-06
Maturity Price : 18.75
Evaluated at bid price : 18.75
Bid-YTW : 4.50 %
TD.PF.D FixedReset Disc -3.04 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-06
Maturity Price : 18.51
Evaluated at bid price : 18.51
Bid-YTW : 4.35 %
MFC.PR.N FixedReset Ins Non -3.00 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-06
Maturity Price : 16.50
Evaluated at bid price : 16.50
Bid-YTW : 4.44 %
BNS.PR.I FixedReset Disc -2.96 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-06
Maturity Price : 19.70
Evaluated at bid price : 19.70
Bid-YTW : 3.99 %
BIP.PR.A FixedReset Disc -2.78 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-06
Maturity Price : 16.77
Evaluated at bid price : 16.77
Bid-YTW : 5.93 %
NA.PR.G FixedReset Disc -2.76 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-06
Maturity Price : 19.40
Evaluated at bid price : 19.40
Bid-YTW : 4.41 %
NA.PR.E FixedReset Disc -2.42 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-06
Maturity Price : 18.15
Evaluated at bid price : 18.15
Bid-YTW : 4.35 %
IFC.PR.G FixedReset Ins Non -2.34 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-06
Maturity Price : 17.10
Evaluated at bid price : 17.10
Bid-YTW : 4.73 %
NA.PR.C FixedReset Disc -2.11 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-06
Maturity Price : 22.83
Evaluated at bid price : 23.15
Bid-YTW : 4.15 %
SLF.PR.H FixedReset Ins Non -2.02 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-06
Maturity Price : 15.00
Evaluated at bid price : 15.00
Bid-YTW : 4.28 %
BIP.PR.E FixedReset Disc -1.91 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-06
Maturity Price : 21.27
Evaluated at bid price : 21.55
Bid-YTW : 5.83 %
BAM.PR.X FixedReset Disc -1.63 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-06
Maturity Price : 10.85
Evaluated at bid price : 10.85
Bid-YTW : 5.16 %
IFC.PR.A FixedReset Ins Non -1.48 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-06
Maturity Price : 12.02
Evaluated at bid price : 12.02
Bid-YTW : 4.74 %
CM.PR.O FixedReset Disc -1.17 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-06
Maturity Price : 16.95
Evaluated at bid price : 16.95
Bid-YTW : 4.29 %
IAF.PR.I FixedReset Ins Non -1.13 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-06
Maturity Price : 19.25
Evaluated at bid price : 19.25
Bid-YTW : 4.39 %
BMO.PR.W FixedReset Disc -1.13 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-06
Maturity Price : 17.50
Evaluated at bid price : 17.50
Bid-YTW : 4.14 %
SLF.PR.B Deemed-Retractible 1.01 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-06
Maturity Price : 24.69
Evaluated at bid price : 25.01
Bid-YTW : 4.81 %
SLF.PR.A Deemed-Retractible 1.06 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-06
Maturity Price : 24.51
Evaluated at bid price : 24.76
Bid-YTW : 4.81 %
GWO.PR.H Deemed-Retractible 1.11 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-06
Maturity Price : 24.29
Evaluated at bid price : 24.59
Bid-YTW : 4.95 %
BAM.PR.C Floater 1.21 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-06
Maturity Price : 8.35
Evaluated at bid price : 8.35
Bid-YTW : 5.17 %
BAM.PR.T FixedReset Disc 1.38 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-06
Maturity Price : 13.18
Evaluated at bid price : 13.18
Bid-YTW : 5.27 %
SLF.PR.D Deemed-Retractible 1.42 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-06
Maturity Price : 23.35
Evaluated at bid price : 23.64
Bid-YTW : 4.72 %
POW.PR.D Perpetual-Discount 1.42 % YTW SCENARIO
Maturity Type : Call
Maturity Date : 2020-11-05
Maturity Price : 25.00
Evaluated at bid price : 25.00
Bid-YTW : 3.52 %
GWO.PR.I Deemed-Retractible 1.49 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-06
Maturity Price : 22.92
Evaluated at bid price : 23.19
Bid-YTW : 4.87 %
TRP.PR.D FixedReset Disc 1.62 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-06
Maturity Price : 13.78
Evaluated at bid price : 13.78
Bid-YTW : 5.42 %
SLF.PR.C Deemed-Retractible 1.75 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-06
Maturity Price : 23.51
Evaluated at bid price : 23.78
Bid-YTW : 4.69 %
BIK.PR.A FixedReset Prem 1.86 % YTW SCENARIO
Maturity Type : Call
Maturity Date : 2024-03-31
Maturity Price : 25.00
Evaluated at bid price : 25.21
Bid-YTW : 5.66 %
MFC.PR.M FixedReset Ins Non 1.88 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-06
Maturity Price : 17.32
Evaluated at bid price : 17.32
Bid-YTW : 4.31 %
MFC.PR.H FixedReset Ins Non 2.00 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-06
Maturity Price : 20.43
Evaluated at bid price : 20.43
Bid-YTW : 4.39 %
SLF.PR.I FixedReset Ins Non 2.20 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-06
Maturity Price : 18.60
Evaluated at bid price : 18.60
Bid-YTW : 4.26 %
BAM.PF.J FixedReset Disc 2.53 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-06
Maturity Price : 23.43
Evaluated at bid price : 24.75
Bid-YTW : 4.75 %
BIP.PR.F FixedReset Disc 2.85 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-06
Maturity Price : 21.73
Evaluated at bid price : 22.00
Bid-YTW : 5.83 %
SLF.PR.G FixedReset Ins Non 3.37 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-06
Maturity Price : 10.74
Evaluated at bid price : 10.74
Bid-YTW : 4.19 %
Volume Highlights
Issue Index Shares
Traded		 Notes
PVS.PR.I SplitShare 367,425 YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-10-31
Maturity Price : 25.00
Evaluated at bid price : 24.95
Bid-YTW : 4.80 %
GWO.PR.H Deemed-Retractible 88,376 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-06
Maturity Price : 24.29
Evaluated at bid price : 24.59
Bid-YTW : 4.95 %
GWO.PR.I Deemed-Retractible 56,822 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-06
Maturity Price : 22.92
Evaluated at bid price : 23.19
Bid-YTW : 4.87 %
TD.PF.M FixedReset Disc 56,400 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-06
Maturity Price : 23.28
Evaluated at bid price : 25.02
Bid-YTW : 4.11 %
SLF.PR.E Deemed-Retractible 47,385 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-06
Maturity Price : 23.42
Evaluated at bid price : 23.71
Bid-YTW : 4.76 %
RY.PR.J FixedReset Disc 44,885 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-06
Maturity Price : 16.55
Evaluated at bid price : 16.55
Bid-YTW : 4.80 %
There were 41 other index-included issues trading in excess of 10,000 shares.
Wide Spread Highlights
Issue Index Quote Data and Yield Notes
IFC.PR.C FixedReset Ins Non Quote: 16.42 – 23.99
Spot Rate : 7.5700
Average : 4.0966

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-06
Maturity Price : 16.42
Evaluated at bid price : 16.42
Bid-YTW : 4.67 %
IAF.PR.G FixedReset Ins Non Quote: 17.40 – 25.00
Spot Rate : 7.6000
Average : 4.2271

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-06
Maturity Price : 17.40
Evaluated at bid price : 17.40
Bid-YTW : 4.73 %
MFC.PR.G FixedReset Ins Non Quote: 15.50 – 19.30
Spot Rate : 3.8000
Average : 2.3919

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-06
Maturity Price : 15.50
Evaluated at bid price : 15.50
Bid-YTW : 5.39 %
RY.PR.J FixedReset Disc Quote: 16.55 – 19.55
Spot Rate : 3.0000
Average : 1.6927

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-06
Maturity Price : 16.55
Evaluated at bid price : 16.55
Bid-YTW : 4.80 %
MFC.PR.L FixedReset Ins Non Quote: 15.81 – 18.00
Spot Rate : 2.1900
Average : 1.2472

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-06
Maturity Price : 15.81
Evaluated at bid price : 15.81
Bid-YTW : 4.42 %
MFC.PR.I FixedReset Ins Non Quote: 18.75 – 20.00
Spot Rate : 1.2500
Average : 0.7192

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-06
Maturity Price : 18.75
Evaluated at bid price : 18.75
Bid-YTW : 4.50 %
Market Action

October 5, 2020

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 0.1212 % 1,639.3
FixedFloater 0.00 % 0.00 % 0 0.00 0 0.1212 % 3,008.0
Floater 5.19 % 5.23 % 52,795 15.14 3 0.1212 % 1,733.5
OpRet 0.00 % 0.00 % 0 0.00 0 -0.1026 % 3,505.9
SplitShare 4.85 % 4.84 % 55,646 3.59 7 -0.1026 % 4,186.7
Interest-Bearing 0.00 % 0.00 % 0 0.00 0 -0.1026 % 3,266.7
Perpetual-Premium 5.29 % 2.54 % 79,669 0.09 17 -0.0275 % 3,178.5
Perpetual-Discount 5.10 % 5.10 % 90,111 15.05 17 0.1877 % 3,598.9
FixedReset Disc 5.50 % 4.24 % 126,174 16.43 65 0.5835 % 2,094.2
Deemed-Retractible 5.07 % 4.80 % 105,754 15.30 22 0.6803 % 3,501.2
FloatingReset 1.98 % 2.90 % 39,546 1.31 3 -0.3938 % 1,794.2
FixedReset Prem 5.23 % 3.64 % 248,252 0.84 14 -0.0287 % 2,629.2
FixedReset Bank Non 1.94 % 2.04 % 101,458 1.30 2 0.1182 % 2,858.9
FixedReset Ins Non 5.64 % 4.36 % 79,176 16.24 22 0.7264 % 2,144.0
Performance Highlights
Issue Index Change Notes
BAM.PF.J FixedReset Disc -1.47 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-05
Maturity Price : 23.17
Evaluated at bid price : 24.14
Bid-YTW : 4.89 %
BIK.PR.A FixedReset Prem -1.20 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-05
Maturity Price : 23.22
Evaluated at bid price : 24.75
Bid-YTW : 5.88 %
GWO.PR.N FixedReset Ins Non -1.00 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-05
Maturity Price : 9.90
Evaluated at bid price : 9.90
Bid-YTW : 4.26 %
RY.PR.H FixedReset Disc 1.00 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-05
Maturity Price : 18.13
Evaluated at bid price : 18.13
Bid-YTW : 3.95 %
BMO.PR.T FixedReset Disc 1.01 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-05
Maturity Price : 17.02
Evaluated at bid price : 17.02
Bid-YTW : 4.19 %
CU.PR.F Perpetual-Discount 1.01 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-05
Maturity Price : 23.44
Evaluated at bid price : 23.95
Bid-YTW : 4.72 %
TD.PF.L FixedReset Disc 1.02 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-05
Maturity Price : 23.19
Evaluated at bid price : 24.70
Bid-YTW : 3.93 %
TRP.PR.C FixedReset Disc 1.04 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-05
Maturity Price : 8.72
Evaluated at bid price : 8.72
Bid-YTW : 5.49 %
MFC.PR.L FixedReset Ins Non 1.08 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-05
Maturity Price : 15.90
Evaluated at bid price : 15.90
Bid-YTW : 4.40 %
GWO.PR.H Deemed-Retractible 1.12 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-05
Maturity Price : 24.06
Evaluated at bid price : 24.32
Bid-YTW : 5.01 %
CM.PR.S FixedReset Disc 1.15 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-05
Maturity Price : 18.55
Evaluated at bid price : 18.55
Bid-YTW : 4.09 %
SLF.PR.D Deemed-Retractible 1.17 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-05
Maturity Price : 23.04
Evaluated at bid price : 23.31
Bid-YTW : 4.79 %
MFC.PR.M FixedReset Ins Non 1.19 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-05
Maturity Price : 17.00
Evaluated at bid price : 17.00
Bid-YTW : 4.40 %
CM.PR.Y FixedReset Disc 1.20 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-05
Maturity Price : 23.40
Evaluated at bid price : 25.40
Bid-YTW : 4.03 %
MFC.PR.G FixedReset Ins Non 1.23 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-05
Maturity Price : 18.95
Evaluated at bid price : 18.95
Bid-YTW : 4.40 %
CM.PR.T FixedReset Disc 1.24 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-05
Maturity Price : 23.07
Evaluated at bid price : 24.40
Bid-YTW : 3.97 %
BAM.PF.B FixedReset Disc 1.28 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-05
Maturity Price : 15.80
Evaluated at bid price : 15.80
Bid-YTW : 5.27 %
IAF.PR.B Deemed-Retractible 1.29 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-05
Maturity Price : 24.06
Evaluated at bid price : 24.32
Bid-YTW : 4.74 %
MFC.PR.C Deemed-Retractible 1.30 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-05
Maturity Price : 23.14
Evaluated at bid price : 23.40
Bid-YTW : 4.83 %
MFC.PR.I FixedReset Ins Non 1.31 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-05
Maturity Price : 19.40
Evaluated at bid price : 19.40
Bid-YTW : 4.34 %
CM.PR.R FixedReset Disc 1.31 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-05
Maturity Price : 22.83
Evaluated at bid price : 23.20
Bid-YTW : 4.09 %
IFC.PR.A FixedReset Ins Non 1.33 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-05
Maturity Price : 12.20
Evaluated at bid price : 12.20
Bid-YTW : 4.67 %
PWF.PR.T FixedReset Disc 1.34 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-05
Maturity Price : 16.62
Evaluated at bid price : 16.62
Bid-YTW : 4.61 %
BNS.PR.I FixedReset Disc 1.34 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-05
Maturity Price : 20.30
Evaluated at bid price : 20.30
Bid-YTW : 3.86 %
NA.PR.C FixedReset Disc 1.35 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-05
Maturity Price : 23.33
Evaluated at bid price : 23.65
Bid-YTW : 4.06 %
BAM.PR.R FixedReset Disc 1.36 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-05
Maturity Price : 12.67
Evaluated at bid price : 12.67
Bid-YTW : 5.33 %
SLF.PR.A Deemed-Retractible 1.37 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-05
Maturity Price : 24.21
Evaluated at bid price : 24.50
Bid-YTW : 4.86 %
SLF.PR.C Deemed-Retractible 1.39 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-05
Maturity Price : 23.11
Evaluated at bid price : 23.37
Bid-YTW : 4.78 %
GWO.PR.P Deemed-Retractible 1.39 % YTW SCENARIO
Maturity Type : Call
Maturity Date : 2020-11-04
Maturity Price : 25.00
Evaluated at bid price : 25.50
Bid-YTW : -17.05 %
TD.PF.J FixedReset Disc 1.50 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-05
Maturity Price : 20.30
Evaluated at bid price : 20.30
Bid-YTW : 4.13 %
GWO.PR.I Deemed-Retractible 1.56 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-05
Maturity Price : 22.60
Evaluated at bid price : 22.85
Bid-YTW : 4.94 %
IAF.PR.G FixedReset Ins Non 1.76 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-05
Maturity Price : 18.47
Evaluated at bid price : 18.47
Bid-YTW : 4.45 %
NA.PR.E FixedReset Disc 1.82 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-05
Maturity Price : 18.60
Evaluated at bid price : 18.60
Bid-YTW : 4.24 %
MFC.PR.Q FixedReset Ins Non 1.83 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-05
Maturity Price : 18.38
Evaluated at bid price : 18.38
Bid-YTW : 4.35 %
MFC.PR.N FixedReset Ins Non 1.86 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-05
Maturity Price : 17.01
Evaluated at bid price : 17.01
Bid-YTW : 4.30 %
CU.PR.C FixedReset Disc 1.86 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-05
Maturity Price : 16.40
Evaluated at bid price : 16.40
Bid-YTW : 4.35 %
BMO.PR.D FixedReset Disc 1.92 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-05
Maturity Price : 21.80
Evaluated at bid price : 22.30
Bid-YTW : 4.07 %
PWF.PR.P FixedReset Disc 1.97 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-05
Maturity Price : 10.35
Evaluated at bid price : 10.35
Bid-YTW : 4.86 %
RY.PR.S FixedReset Disc 1.99 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-05
Maturity Price : 20.50
Evaluated at bid price : 20.50
Bid-YTW : 3.83 %
SLF.PR.H FixedReset Ins Non 2.07 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-05
Maturity Price : 15.31
Evaluated at bid price : 15.31
Bid-YTW : 4.19 %
BIP.PR.E FixedReset Disc 2.14 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-05
Maturity Price : 21.57
Evaluated at bid price : 21.97
Bid-YTW : 5.71 %
MFC.PR.F FixedReset Ins Non 4.71 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-05
Maturity Price : 10.68
Evaluated at bid price : 10.68
Bid-YTW : 4.23 %
Volume Highlights
Issue Index Shares
Traded		 Notes
CM.PR.T FixedReset Disc 115,098 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-05
Maturity Price : 23.07
Evaluated at bid price : 24.40
Bid-YTW : 3.97 %
TD.PF.L FixedReset Disc 84,894 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-05
Maturity Price : 23.19
Evaluated at bid price : 24.70
Bid-YTW : 3.93 %
SLF.PR.A Deemed-Retractible 75,328 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-05
Maturity Price : 24.21
Evaluated at bid price : 24.50
Bid-YTW : 4.86 %
CM.PR.R FixedReset Disc 67,422 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-05
Maturity Price : 22.83
Evaluated at bid price : 23.20
Bid-YTW : 4.09 %
TD.PF.M FixedReset Disc 55,670 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-05
Maturity Price : 23.27
Evaluated at bid price : 25.00
Bid-YTW : 4.11 %
CM.PR.O FixedReset Disc 30,958 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-05
Maturity Price : 17.15
Evaluated at bid price : 17.15
Bid-YTW : 4.24 %
There were 31 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: 11.80 – 12.99
Spot Rate : 1.1900
Average : 0.8653

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-05
Maturity Price : 11.80
Evaluated at bid price : 11.80
Bid-YTW : 5.54 %
CM.PR.Q FixedReset Disc Quote: 18.87 – 20.00
Spot Rate : 1.1300
Average : 0.8243

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-05
Maturity Price : 18.87
Evaluated at bid price : 18.87
Bid-YTW : 4.19 %
RY.PR.P Perpetual-Premium Quote: 26.41 – 26.99
Spot Rate : 0.5800
Average : 0.3712

YTW SCENARIO
Maturity Type : Call
Maturity Date : 2021-02-24
Maturity Price : 26.00
Evaluated at bid price : 26.41
Bid-YTW : 2.45 %
BAM.PF.J FixedReset Disc Quote: 24.14 – 24.75
Spot Rate : 0.6100
Average : 0.4549

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-05
Maturity Price : 23.17
Evaluated at bid price : 24.14
Bid-YTW : 4.89 %
BIP.PR.C FixedReset Disc Quote: 23.21 – 23.75
Spot Rate : 0.5400
Average : 0.3969

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-05
Maturity Price : 22.67
Evaluated at bid price : 23.21
Bid-YTW : 5.78 %
BIP.PR.F FixedReset Disc Quote: 21.39 – 22.29
Spot Rate : 0.9000
Average : 0.7817

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-05
Maturity Price : 21.39
Evaluated at bid price : 21.39
Bid-YTW : 6.01 %
Market Action

October 2, 2020

It’s a bit odd calling +661,000 a bad jobs number but here we are:

Job growth slowed further in September, as fading government support and the failure to contain the coronavirus threatened to short-circuit the once-promising economic recovery.

Employers brought back 661,000 jobs in September, the Labor Department said Friday. That is down from 1.5 million in August, and far below the 4.8 million jobs added in June. The unemployment rate fell to 7.9 percent, in part because nearly 700,000 people left the labor force.

The monthly report, the last before the presidential election, is the latest sign that the recovery is losing steam. Government data released on Thursday showed that personal income fell in August and that consumer spending grew more slowly as supplemental unemployment benefits expired.

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 -0.4825 % 1,637.3
FixedFloater 0.00 % 0.00 % 0 0.00 0 -0.4825 % 3,004.4
Floater 5.20 % 5.23 % 53,179 15.14 3 -0.4825 % 1,731.4
OpRet 0.00 % 0.00 % 0 0.00 0 0.1884 % 3,509.5
SplitShare 4.84 % 4.81 % 55,755 3.60 7 0.1884 % 4,191.0
Interest-Bearing 0.00 % 0.00 % 0 0.00 0 0.1884 % 3,270.0
Perpetual-Premium 5.29 % 0.36 % 78,792 0.09 17 0.4441 % 3,179.3
Perpetual-Discount 5.11 % 5.13 % 88,131 15.12 17 0.9350 % 3,592.1
FixedReset Disc 5.53 % 4.22 % 125,523 16.38 65 0.0724 % 2,082.0
Deemed-Retractible 5.10 % 4.84 % 105,044 15.34 22 0.3451 % 3,477.5
FloatingReset 2.02 % 2.29 % 39,298 1.31 3 0.2349 % 1,801.3
FixedReset Prem 5.21 % 4.01 % 249,847 0.78 14 0.0591 % 2,629.9
FixedReset Bank Non 1.94 % 2.23 % 139,830 1.31 2 0.2413 % 2,855.5
FixedReset Ins Non 5.68 % 4.37 % 80,201 16.17 22 0.3409 % 2,128.5
Performance Highlights
Issue Index Change Notes
BIP.PR.F FixedReset Disc -4.98 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-02
Maturity Price : 21.38
Evaluated at bid price : 21.38
Bid-YTW : 6.01 %
TRP.PR.C FixedReset Disc -4.11 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-02
Maturity Price : 8.63
Evaluated at bid price : 8.63
Bid-YTW : 5.48 %
IAF.PR.G FixedReset Ins Non -2.84 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-02
Maturity Price : 18.15
Evaluated at bid price : 18.15
Bid-YTW : 4.50 %
MFC.PR.H FixedReset Ins Non -2.59 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-02
Maturity Price : 19.97
Evaluated at bid price : 19.97
Bid-YTW : 4.47 %
GWO.PR.N FixedReset Ins Non -2.44 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-02
Maturity Price : 10.00
Evaluated at bid price : 10.00
Bid-YTW : 4.17 %
PWF.PR.T FixedReset Disc -2.38 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-02
Maturity Price : 16.40
Evaluated at bid price : 16.40
Bid-YTW : 4.65 %
MFC.PR.Q FixedReset Ins Non -2.38 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-02
Maturity Price : 18.05
Evaluated at bid price : 18.05
Bid-YTW : 4.40 %
BIP.PR.C FixedReset Disc -2.32 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-02
Maturity Price : 22.62
Evaluated at bid price : 23.15
Bid-YTW : 5.79 %
BIP.PR.D FixedReset Disc -2.20 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-02
Maturity Price : 21.77
Evaluated at bid price : 22.25
Bid-YTW : 5.63 %
BAM.PR.R FixedReset Disc -2.11 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-02
Maturity Price : 12.50
Evaluated at bid price : 12.50
Bid-YTW : 5.36 %
BIP.PR.B FixedReset Disc -2.02 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-02
Maturity Price : 22.63
Evaluated at bid price : 23.71
Bid-YTW : 5.79 %
PWF.PR.P FixedReset Disc -1.93 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-02
Maturity Price : 10.15
Evaluated at bid price : 10.15
Bid-YTW : 4.90 %
TD.PF.E FixedReset Disc -1.77 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-02
Maturity Price : 19.40
Evaluated at bid price : 19.40
Bid-YTW : 4.21 %
BAM.PF.G FixedReset Disc -1.76 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-02
Maturity Price : 15.05
Evaluated at bid price : 15.05
Bid-YTW : 5.37 %
RY.PR.S FixedReset Disc -1.71 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-02
Maturity Price : 20.10
Evaluated at bid price : 20.10
Bid-YTW : 3.88 %
BMO.PR.D FixedReset Disc -1.66 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-02
Maturity Price : 21.51
Evaluated at bid price : 21.88
Bid-YTW : 4.14 %
MFC.PR.R FixedReset Ins Non -1.51 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-02
Maturity Price : 23.80
Evaluated at bid price : 24.20
Bid-YTW : 4.37 %
TD.PF.K FixedReset Disc -1.44 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-02
Maturity Price : 19.81
Evaluated at bid price : 19.81
Bid-YTW : 4.15 %
MFC.PR.I FixedReset Ins Non -1.44 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-02
Maturity Price : 19.15
Evaluated at bid price : 19.15
Bid-YTW : 4.37 %
IFC.PR.A FixedReset Ins Non -1.39 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-02
Maturity Price : 12.04
Evaluated at bid price : 12.04
Bid-YTW : 4.69 %
NA.PR.E FixedReset Disc -1.38 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-02
Maturity Price : 18.55
Evaluated at bid price : 18.55
Bid-YTW : 4.32 %
TD.PF.B FixedReset Disc -1.36 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-02
Maturity Price : 17.45
Evaluated at bid price : 17.45
Bid-YTW : 4.12 %
BIP.PR.E FixedReset Disc -1.33 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-02
Maturity Price : 21.51
Evaluated at bid price : 21.51
Bid-YTW : 5.86 %
SLF.PR.H FixedReset Ins Non -1.32 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-02
Maturity Price : 15.00
Evaluated at bid price : 15.00
Bid-YTW : 4.25 %
TRP.PR.G FixedReset Disc -1.23 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-02
Maturity Price : 15.21
Evaluated at bid price : 15.21
Bid-YTW : 5.51 %
TD.PF.D FixedReset Disc -1.14 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-02
Maturity Price : 19.00
Evaluated at bid price : 19.00
Bid-YTW : 4.22 %
BAM.PR.T FixedReset Disc -1.07 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-02
Maturity Price : 12.91
Evaluated at bid price : 12.91
Bid-YTW : 5.34 %
RY.PR.J FixedReset Disc -1.03 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-02
Maturity Price : 19.25
Evaluated at bid price : 19.25
Bid-YTW : 4.09 %
TRP.PR.D FixedReset Disc -1.02 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-02
Maturity Price : 13.56
Evaluated at bid price : 13.56
Bid-YTW : 5.48 %
IAF.PR.I FixedReset Ins Non -1.02 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-02
Maturity Price : 19.40
Evaluated at bid price : 19.40
Bid-YTW : 4.33 %
CU.PR.G Perpetual-Discount 1.03 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-02
Maturity Price : 23.17
Evaluated at bid price : 23.59
Bid-YTW : 4.80 %
IAF.PR.B Deemed-Retractible 1.05 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-02
Maturity Price : 23.70
Evaluated at bid price : 24.01
Bid-YTW : 4.80 %
TRP.PR.B FixedReset Disc 1.08 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-02
Maturity Price : 8.45
Evaluated at bid price : 8.45
Bid-YTW : 4.90 %
BAM.PF.D Perpetual-Discount 1.12 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-02
Maturity Price : 23.14
Evaluated at bid price : 23.43
Bid-YTW : 5.25 %
MFC.PR.M FixedReset Ins Non 1.14 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-02
Maturity Price : 16.80
Evaluated at bid price : 16.80
Bid-YTW : 4.42 %
CU.PR.E Perpetual-Discount 1.17 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-02
Maturity Price : 24.77
Evaluated at bid price : 25.08
Bid-YTW : 4.92 %
TD.PF.L FixedReset Disc 1.24 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-02
Maturity Price : 23.09
Evaluated at bid price : 24.45
Bid-YTW : 3.97 %
CM.PR.T FixedReset Disc 1.26 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-02
Maturity Price : 22.95
Evaluated at bid price : 24.10
Bid-YTW : 4.02 %
BAM.PF.C Perpetual-Discount 1.33 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-02
Maturity Price : 22.60
Evaluated at bid price : 22.87
Bid-YTW : 5.32 %
BAM.PR.N Perpetual-Discount 1.35 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-02
Maturity Price : 22.22
Evaluated at bid price : 22.50
Bid-YTW : 5.30 %
TRP.PR.K FixedReset Disc 1.39 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-02
Maturity Price : 23.62
Evaluated at bid price : 24.84
Bid-YTW : 4.92 %
BAM.PF.A FixedReset Disc 1.43 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-02
Maturity Price : 17.00
Evaluated at bid price : 17.00
Bid-YTW : 5.27 %
CU.PR.F Perpetual-Discount 1.59 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-02
Maturity Price : 23.24
Evaluated at bid price : 23.71
Bid-YTW : 4.77 %
BAM.PR.M Perpetual-Discount 1.61 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-02
Maturity Price : 22.41
Evaluated at bid price : 22.67
Bid-YTW : 5.26 %
GWO.PR.R Deemed-Retractible 1.80 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-02
Maturity Price : 24.11
Evaluated at bid price : 24.38
Bid-YTW : 4.94 %
POW.PR.D Perpetual-Discount 2.06 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-02
Maturity Price : 24.55
Evaluated at bid price : 24.80
Bid-YTW : 5.05 %
POW.PR.B Perpetual-Discount 2.54 % YTW SCENARIO
Maturity Type : Call
Maturity Date : 2020-11-01
Maturity Price : 25.00
Evaluated at bid price : 25.48
Bid-YTW : -19.15 %
MFC.PR.K FixedReset Ins Non 2.77 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-02
Maturity Price : 16.71
Evaluated at bid price : 16.71
Bid-YTW : 4.30 %
IFC.PR.G FixedReset Ins Non 3.40 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-02
Maturity Price : 17.62
Evaluated at bid price : 17.62
Bid-YTW : 4.55 %
MFC.PR.G FixedReset Ins Non 20.77 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-02
Maturity Price : 18.72
Evaluated at bid price : 18.72
Bid-YTW : 4.42 %
RY.PR.M FixedReset Disc 55.34 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-02
Maturity Price : 18.61
Evaluated at bid price : 18.61
Bid-YTW : 4.04 %
Volume Highlights
Issue Index Shares
Traded		 Notes
TD.PF.C FixedReset Disc 131,271 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-02
Maturity Price : 18.25
Evaluated at bid price : 18.25
Bid-YTW : 4.01 %
TD.PF.L FixedReset Disc 125,900 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-02
Maturity Price : 23.09
Evaluated at bid price : 24.45
Bid-YTW : 3.97 %
SLF.PR.A Deemed-Retractible 102,265 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-02
Maturity Price : 23.93
Evaluated at bid price : 24.17
Bid-YTW : 4.93 %
CM.PR.P FixedReset Disc 91,080 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-02
Maturity Price : 17.67
Evaluated at bid price : 17.67
Bid-YTW : 4.09 %
TD.PF.M FixedReset Disc 78,040 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-02
Maturity Price : 23.23
Evaluated at bid price : 24.90
Bid-YTW : 4.12 %
BMO.PR.C FixedReset Disc 54,397 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-02
Maturity Price : 23.00
Evaluated at bid price : 23.40
Bid-YTW : 4.02 %
There were 44 other index-included issues trading in excess of 10,000 shares.
Wide Spread Highlights
Issue Index Quote Data and Yield Notes
PWF.PR.T FixedReset Disc Quote: 16.40 – 17.98
Spot Rate : 1.5800
Average : 1.0711

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-02
Maturity Price : 16.40
Evaluated at bid price : 16.40
Bid-YTW : 4.65 %
CU.PR.C FixedReset Disc Quote: 16.10 – 18.00
Spot Rate : 1.9000
Average : 1.5208

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-02
Maturity Price : 16.10
Evaluated at bid price : 16.10
Bid-YTW : 4.41 %
GWO.PR.G Deemed-Retractible Quote: 25.12 – 25.99
Spot Rate : 0.8700
Average : 0.4971

YTW SCENARIO
Maturity Type : Call
Maturity Date : 2020-11-01
Maturity Price : 25.00
Evaluated at bid price : 25.12
Bid-YTW : -0.30 %
BIP.PR.F FixedReset Disc Quote: 21.38 – 22.30
Spot Rate : 0.9200
Average : 0.6520

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-02
Maturity Price : 21.38
Evaluated at bid price : 21.38
Bid-YTW : 6.01 %
BIP.PR.B FixedReset Disc Quote: 23.71 – 24.45
Spot Rate : 0.7400
Average : 0.5418

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-02
Maturity Price : 22.63
Evaluated at bid price : 23.71
Bid-YTW : 5.79 %
NA.PR.E FixedReset Disc Quote: 18.55 – 18.99
Spot Rate : 0.4400
Average : 0.2676

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-02
Maturity Price : 18.55
Evaluated at bid price : 18.55
Bid-YTW : 4.32 %
Market Action

October 1, 2020

Sorry, this report will be delayed until the evening of October 2.

Update, 2020-10-3:

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 0.6883 % 1,645.2
FixedFloater 0.00 % 0.00 % 0 0.00 0 0.6883 % 3,018.9
Floater 5.17 % 5.20 % 53,502 15.20 3 0.6883 % 1,739.8
OpRet 0.00 % 0.00 % 0 0.00 0 0.0057 % 3,502.9
SplitShare 4.85 % 4.96 % 54,255 3.60 7 0.0057 % 4,183.2
Interest-Bearing 0.00 % 0.00 % 0 0.00 0 0.0057 % 3,263.9
Perpetual-Premium 5.31 % 2.98 % 78,175 0.08 17 0.3428 % 3,165.3
Perpetual-Discount 5.16 % 5.18 % 88,341 15.09 17 0.7412 % 3,558.8
FixedReset Disc 5.53 % 4.26 % 119,124 16.38 65 -0.0436 % 2,080.5
Deemed-Retractible 5.12 % 4.93 % 100,838 15.33 22 0.2335 % 3,465.6
FloatingReset 2.03 % 2.88 % 38,735 1.31 3 0.1008 % 1,797.1
FixedReset Prem 5.21 % 4.02 % 244,048 0.79 14 -0.0225 % 2,628.4
FixedReset Bank Non 1.94 % 2.28 % 133,721 1.31 2 0.1611 % 2,848.6
FixedReset Ins Non 5.70 % 4.31 % 81,327 16.25 22 -0.4178 % 2,121.3
Performance Highlights
Issue Index Change Notes
RY.PR.M FixedReset Disc -35.94 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-01
Maturity Price : 11.98
Evaluated at bid price : 11.98
Bid-YTW : 6.30 %
MFC.PR.G FixedReset Ins Non -17.77 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-01
Maturity Price : 15.50
Evaluated at bid price : 15.50
Bid-YTW : 5.36 %
IFC.PR.G FixedReset Ins Non -4.80 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-01
Maturity Price : 17.04
Evaluated at bid price : 17.04
Bid-YTW : 4.71 %
TRP.PR.B FixedReset Disc -1.65 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-01
Maturity Price : 8.36
Evaluated at bid price : 8.36
Bid-YTW : 4.96 %
TRP.PR.A FixedReset Disc -1.43 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-01
Maturity Price : 11.70
Evaluated at bid price : 11.70
Bid-YTW : 5.56 %
BAM.PF.A FixedReset Disc -1.18 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-01
Maturity Price : 16.76
Evaluated at bid price : 16.76
Bid-YTW : 5.34 %
BIP.PR.E FixedReset Disc -1.13 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-01
Maturity Price : 21.45
Evaluated at bid price : 21.80
Bid-YTW : 5.76 %
NA.PR.C FixedReset Disc -1.01 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-01
Maturity Price : 23.09
Evaluated at bid price : 23.41
Bid-YTW : 4.15 %
PWF.PR.K Perpetual-Discount 1.00 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-01
Maturity Price : 23.99
Evaluated at bid price : 24.24
Bid-YTW : 5.18 %
RY.PR.Z FixedReset Disc 1.06 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-01
Maturity Price : 18.11
Evaluated at bid price : 18.11
Bid-YTW : 3.87 %
PWF.PR.T FixedReset Disc 1.08 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-01
Maturity Price : 16.80
Evaluated at bid price : 16.80
Bid-YTW : 4.53 %
BAM.PR.T FixedReset Disc 1.08 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-01
Maturity Price : 13.05
Evaluated at bid price : 13.05
Bid-YTW : 5.28 %
CM.PR.O FixedReset Disc 1.12 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-01
Maturity Price : 17.15
Evaluated at bid price : 17.15
Bid-YTW : 4.21 %
TRP.PR.G FixedReset Disc 1.25 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-01
Maturity Price : 15.40
Evaluated at bid price : 15.40
Bid-YTW : 5.44 %
BAM.PF.C Perpetual-Discount 1.30 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-01
Maturity Price : 22.30
Evaluated at bid price : 22.57
Bid-YTW : 5.39 %
BAM.PR.B Floater 1.34 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-01
Maturity Price : 8.30
Evaluated at bid price : 8.30
Bid-YTW : 5.20 %
CM.PR.Q FixedReset Disc 1.42 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-01
Maturity Price : 18.62
Evaluated at bid price : 18.62
Bid-YTW : 4.22 %
SLF.PR.I FixedReset Ins Non 1.43 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-01
Maturity Price : 18.50
Evaluated at bid price : 18.50
Bid-YTW : 4.26 %
BAM.PR.R FixedReset Disc 1.43 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-01
Maturity Price : 12.77
Evaluated at bid price : 12.77
Bid-YTW : 5.25 %
BAM.PR.N Perpetual-Discount 1.46 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-01
Maturity Price : 21.97
Evaluated at bid price : 22.20
Bid-YTW : 5.37 %
MFC.PR.L FixedReset Ins Non 1.49 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-01
Maturity Price : 15.68
Evaluated at bid price : 15.68
Bid-YTW : 4.43 %
BIP.PR.D FixedReset Disc 1.56 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-01
Maturity Price : 22.36
Evaluated at bid price : 22.75
Bid-YTW : 5.51 %
MFC.PR.H FixedReset Ins Non 1.59 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-01
Maturity Price : 20.50
Evaluated at bid price : 20.50
Bid-YTW : 4.35 %
PWF.PR.S Perpetual-Discount 1.63 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-01
Maturity Price : 23.22
Evaluated at bid price : 23.70
Bid-YTW : 5.12 %
BAM.PR.M Perpetual-Discount 1.64 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-01
Maturity Price : 22.08
Evaluated at bid price : 22.31
Bid-YTW : 5.35 %
SLF.PR.H FixedReset Ins Non 1.67 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-01
Maturity Price : 15.20
Evaluated at bid price : 15.20
Bid-YTW : 4.19 %
TRP.PR.F FloatingReset 1.67 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-01
Maturity Price : 10.33
Evaluated at bid price : 10.33
Bid-YTW : 5.02 %
MFC.PR.N FixedReset Ins Non 1.69 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-01
Maturity Price : 16.86
Evaluated at bid price : 16.86
Bid-YTW : 4.31 %
MFC.PR.I FixedReset Ins Non 1.73 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-01
Maturity Price : 19.43
Evaluated at bid price : 19.43
Bid-YTW : 4.31 %
BAM.PF.I FixedReset Disc 1.74 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-01
Maturity Price : 24.22
Evaluated at bid price : 24.56
Bid-YTW : 4.90 %
TD.PF.K FixedReset Disc 1.77 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-01
Maturity Price : 20.10
Evaluated at bid price : 20.10
Bid-YTW : 4.09 %
RY.PR.J FixedReset Disc 1.78 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-01
Maturity Price : 19.45
Evaluated at bid price : 19.45
Bid-YTW : 4.05 %
TD.PF.D FixedReset Disc 1.80 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-01
Maturity Price : 19.22
Evaluated at bid price : 19.22
Bid-YTW : 4.17 %
RY.PR.S FixedReset Disc 1.84 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-01
Maturity Price : 20.45
Evaluated at bid price : 20.45
Bid-YTW : 3.81 %
BAM.PF.D Perpetual-Discount 1.85 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-01
Maturity Price : 22.88
Evaluated at bid price : 23.17
Bid-YTW : 5.31 %
BAM.PF.J FixedReset Disc 2.26 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-01
Maturity Price : 23.31
Evaluated at bid price : 24.45
Bid-YTW : 4.82 %
BIP.PR.A FixedReset Disc 2.57 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-01
Maturity Price : 17.16
Evaluated at bid price : 17.16
Bid-YTW : 5.76 %
Volume Highlights
Issue Index Shares
Traded		 Notes
SLF.PR.A Deemed-Retractible 109,006 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-01
Maturity Price : 23.92
Evaluated at bid price : 24.18
Bid-YTW : 4.93 %
RY.PR.Q FixedReset Prem 79,145 YTW SCENARIO
Maturity Type : Call
Maturity Date : 2021-05-24
Maturity Price : 25.00
Evaluated at bid price : 25.45
Bid-YTW : 3.54 %
TRP.PR.D FixedReset Disc 63,200 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-01
Maturity Price : 13.70
Evaluated at bid price : 13.70
Bid-YTW : 5.42 %
GWO.PR.I Deemed-Retractible 57,858 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-01
Maturity Price : 22.18
Evaluated at bid price : 22.46
Bid-YTW : 5.02 %
CM.PR.P FixedReset Disc 51,690 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-01
Maturity Price : 17.50
Evaluated at bid price : 17.50
Bid-YTW : 4.14 %
TD.PF.H FixedReset Prem 38,175 YTW SCENARIO
Maturity Type : Call
Maturity Date : 2021-10-31
Maturity Price : 25.00
Evaluated at bid price : 25.38
Bid-YTW : 4.20 %
There were 26 other index-included issues trading in excess of 10,000 shares.
Wide Spread Highlights
Issue Index Quote Data and Yield Notes
RY.PR.M FixedReset Disc Quote: 11.98 – 19.25
Spot Rate : 7.2700
Average : 4.9945

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-01
Maturity Price : 11.98
Evaluated at bid price : 11.98
Bid-YTW : 6.30 %
MFC.PR.G FixedReset Ins Non Quote: 15.50 – 19.29
Spot Rate : 3.7900
Average : 2.5730

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-01
Maturity Price : 15.50
Evaluated at bid price : 15.50
Bid-YTW : 5.36 %
CU.PR.C FixedReset Disc Quote: 16.10 – 18.00
Spot Rate : 1.9000
Average : 1.1050

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-01
Maturity Price : 16.10
Evaluated at bid price : 16.10
Bid-YTW : 4.40 %
IFC.PR.G FixedReset Ins Non Quote: 17.04 – 18.14
Spot Rate : 1.1000
Average : 0.6851

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-01
Maturity Price : 17.04
Evaluated at bid price : 17.04
Bid-YTW : 4.71 %
EIT.PR.A SplitShare Quote: 25.20 – 26.20
Spot Rate : 1.0000
Average : 0.6519

YTW SCENARIO
Maturity Type : Soft Maturity
Maturity Date : 2024-03-14
Maturity Price : 25.00
Evaluated at bid price : 25.20
Bid-YTW : 4.64 %
MFC.PR.F FixedReset Ins Non Quote: 10.25 – 11.04
Spot Rate : 0.7900
Average : 0.5200

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-10-01
Maturity Price : 10.25
Evaluated at bid price : 10.25
Bid-YTW : 4.36 %
Market Action

September 30, 2020

unicorn_200930
Click for Big

TXPR closed at 582.42, up 1.42% on the day. Volume today was 3.48-million, highest of the past thirty days and well ahead of second-place September 9.

CPD closed at 11.58, up 1.14% on the day. Volume was 74,620, well above the median of the past 30 trading days.

ZPR closed at 9.12, up 1.56% on the day. Volume of 155,437 was well below the median of the past 30 trading days.

Five-year Canada yields were up 1bp to 0.35% today.

PerpetualDiscounts now yield 5.24%, equivalent to 6.81% interest at the standard equivalency factor of 1.3x. Long corporates now yield 2.86%, so the pre-tax interest-equivalent spread (in this context, the “Seniority Spread”) has narrowed to 395bp from the 405bp reported September 23.

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 0.0000 % 1,634.0
FixedFloater 0.00 % 0.00 % 0 0.00 0 0.0000 % 2,998.3
Floater 5.21 % 5.21 % 53,678 15.13 3 0.0000 % 1,727.9
OpRet 0.00 % 0.00 % 0 0.00 0 0.0514 % 3,502.7
SplitShare 4.85 % 4.80 % 52,527 3.61 7 0.0514 % 4,182.9
Interest-Bearing 0.00 % 0.00 % 0 0.00 0 0.0514 % 3,263.7
Perpetual-Premium 5.31 % 4.25 % 77,382 3.52 17 0.3244 % 3,154.5
Perpetual-Discount 5.21 % 5.24 % 94,438 14.96 17 0.2448 % 3,532.7
FixedReset Disc 5.51 % 4.25 % 119,803 16.35 68 1.3536 % 2,081.4
Deemed-Retractible 5.02 % 4.90 % 121,274 15.20 27 0.2386 % 3,457.5
FloatingReset 2.86 % 2.13 % 49,756 1.31 3 0.6328 % 1,795.3
FixedReset Prem 5.23 % 4.19 % 282,098 0.79 11 0.3121 % 2,629.0
FixedReset Bank Non 1.95 % 2.25 % 138,142 1.31 2 -0.0201 % 2,844.0
FixedReset Ins Non 5.67 % 4.39 % 82,273 16.20 22 1.5754 % 2,130.2
Performance Highlights
Issue Index Change Notes
BIP.PR.A FixedReset Disc -1.88 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-09-30
Maturity Price : 16.73
Evaluated at bid price : 16.73
Bid-YTW : 5.91 %
EML.PR.A FixedReset Ins Non -1.07 % YTW SCENARIO
Maturity Type : Call
Maturity Date : 2021-04-17
Maturity Price : 25.00
Evaluated at bid price : 25.05
Bid-YTW : 4.89 %
MFC.PR.I FixedReset Ins Non 1.00 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-09-30
Maturity Price : 19.10
Evaluated at bid price : 19.10
Bid-YTW : 4.38 %
IFC.PR.C FixedReset Ins Non 1.05 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-09-30
Maturity Price : 16.34
Evaluated at bid price : 16.34
Bid-YTW : 4.66 %
W.PR.M FixedReset Disc 1.06 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-09-30
Maturity Price : 24.55
Evaluated at bid price : 24.90
Bid-YTW : 5.22 %
NA.PR.C FixedReset Disc 1.07 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-09-30
Maturity Price : 23.33
Evaluated at bid price : 23.65
Bid-YTW : 4.10 %
TD.PF.A FixedReset Disc 1.09 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-09-30
Maturity Price : 17.60
Evaluated at bid price : 17.60
Bid-YTW : 4.06 %
IFC.PR.G FixedReset Ins Non 1.13 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-09-30
Maturity Price : 17.90
Evaluated at bid price : 17.90
Bid-YTW : 4.49 %
TD.PF.B FixedReset Disc 1.15 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-09-30
Maturity Price : 17.56
Evaluated at bid price : 17.56
Bid-YTW : 4.10 %
NA.PR.G FixedReset Disc 1.17 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-09-30
Maturity Price : 19.95
Evaluated at bid price : 19.95
Bid-YTW : 4.35 %
BMO.PR.Y FixedReset Disc 1.19 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-09-30
Maturity Price : 18.72
Evaluated at bid price : 18.72
Bid-YTW : 4.13 %
BMO.PR.F FixedReset Disc 1.20 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-09-30
Maturity Price : 23.35
Evaluated at bid price : 25.20
Bid-YTW : 3.97 %
NA.PR.S FixedReset Disc 1.22 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-09-30
Maturity Price : 17.46
Evaluated at bid price : 17.46
Bid-YTW : 4.35 %
MFC.PR.N FixedReset Ins Non 1.22 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-09-30
Maturity Price : 16.58
Evaluated at bid price : 16.58
Bid-YTW : 4.39 %
BIP.PR.C FixedReset Disc 1.25 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-09-30
Maturity Price : 22.98
Evaluated at bid price : 23.54
Bid-YTW : 5.69 %
CM.PR.T FixedReset Disc 1.28 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-09-30
Maturity Price : 22.81
Evaluated at bid price : 23.80
Bid-YTW : 4.08 %
GWO.PR.N FixedReset Ins Non 1.28 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-09-30
Maturity Price : 10.25
Evaluated at bid price : 10.25
Bid-YTW : 4.07 %
NA.PR.E FixedReset Disc 1.29 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-09-30
Maturity Price : 18.87
Evaluated at bid price : 18.87
Bid-YTW : 4.25 %
MFC.PR.H FixedReset Ins Non 1.31 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-09-30
Maturity Price : 20.18
Evaluated at bid price : 20.18
Bid-YTW : 4.42 %
BAM.PF.B FixedReset Disc 1.37 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-09-30
Maturity Price : 15.57
Evaluated at bid price : 15.57
Bid-YTW : 5.32 %
BAM.PF.G FixedReset Disc 1.40 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-09-30
Maturity Price : 15.21
Evaluated at bid price : 15.21
Bid-YTW : 5.31 %
BAM.PF.I FixedReset Disc 1.43 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-09-30
Maturity Price : 23.74
Evaluated at bid price : 24.14
Bid-YTW : 4.98 %
PWF.PR.T FixedReset Disc 1.53 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-09-30
Maturity Price : 16.62
Evaluated at bid price : 16.62
Bid-YTW : 4.58 %
BAM.PR.R FixedReset Disc 1.53 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-09-30
Maturity Price : 12.59
Evaluated at bid price : 12.59
Bid-YTW : 5.32 %
TD.PF.L FixedReset Disc 1.57 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-09-30
Maturity Price : 22.90
Evaluated at bid price : 24.00
Bid-YTW : 4.06 %
BAM.PF.J FixedReset Disc 1.74 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-09-30
Maturity Price : 23.06
Evaluated at bid price : 23.91
Bid-YTW : 4.94 %
TRP.PR.A FixedReset Disc 1.89 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-09-30
Maturity Price : 11.87
Evaluated at bid price : 11.87
Bid-YTW : 5.48 %
SLF.PR.G FixedReset Ins Non 1.89 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-09-30
Maturity Price : 10.24
Evaluated at bid price : 10.24
Bid-YTW : 4.36 %
BAM.PF.H FixedReset Disc 2.06 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-09-30
Maturity Price : 23.98
Evaluated at bid price : 24.80
Bid-YTW : 5.02 %
BAM.PF.E FixedReset Disc 2.10 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-09-30
Maturity Price : 14.60
Evaluated at bid price : 14.60
Bid-YTW : 5.31 %
TRP.PR.E FixedReset Disc 2.26 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-09-30
Maturity Price : 13.59
Evaluated at bid price : 13.59
Bid-YTW : 5.42 %
MFC.PR.Q FixedReset Ins Non 2.28 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-09-30
Maturity Price : 18.40
Evaluated at bid price : 18.40
Bid-YTW : 4.32 %
SLF.PR.J FloatingReset 2.37 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-09-30
Maturity Price : 9.52
Evaluated at bid price : 9.52
Bid-YTW : 4.07 %
BAM.PF.F FixedReset Disc 2.47 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-09-30
Maturity Price : 16.15
Evaluated at bid price : 16.15
Bid-YTW : 5.29 %
IFC.PR.I Perpetual-Premium 2.48 % YTW SCENARIO
Maturity Type : Call
Maturity Date : 2029-03-31
Maturity Price : 25.00
Evaluated at bid price : 25.65
Bid-YTW : 5.06 %
IFC.PR.A FixedReset Ins Non 3.36 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-09-30
Maturity Price : 12.30
Evaluated at bid price : 12.30
Bid-YTW : 4.60 %
TRP.PR.G FixedReset Disc 6.66 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-09-30
Maturity Price : 15.21
Evaluated at bid price : 15.21
Bid-YTW : 5.51 %
MFC.PR.G FixedReset Ins Non 21.61 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-09-30
Maturity Price : 18.85
Evaluated at bid price : 18.85
Bid-YTW : 4.39 %
RY.PR.M FixedReset Disc 56.09 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-09-30
Maturity Price : 18.70
Evaluated at bid price : 18.70
Bid-YTW : 4.01 %
Volume Highlights
Issue Index Shares
Traded		 Notes
BNS.PR.G FixedReset Prem 213,450 YTW SCENARIO
Maturity Type : Call
Maturity Date : 2021-07-25
Maturity Price : 25.00
Evaluated at bid price : 25.49
Bid-YTW : 4.29 %
BNS.PR.Z FixedReset Bank Non 103,144 YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2022-01-31
Maturity Price : 25.00
Evaluated at bid price : 24.94
Bid-YTW : 2.25 %
BMO.PR.F FixedReset Disc 78,986 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-09-30
Maturity Price : 23.35
Evaluated at bid price : 25.20
Bid-YTW : 3.97 %
TD.PF.M FixedReset Disc 66,500 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-09-30
Maturity Price : 23.20
Evaluated at bid price : 24.80
Bid-YTW : 4.14 %
TD.PF.A FixedReset Disc 60,101 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-09-30
Maturity Price : 17.60
Evaluated at bid price : 17.60
Bid-YTW : 4.06 %
BNS.PR.H FixedReset Prem 58,871 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-09-30
Maturity Price : 23.91
Evaluated at bid price : 25.33
Bid-YTW : 4.49 %
There were 77 other index-included issues trading in excess of 10,000 shares.
Wide Spread Highlights
Issue Index Quote Data and Yield Notes
SLF.PR.I FixedReset Ins Non Quote: 18.24 – 19.46
Spot Rate : 1.2200
Average : 0.7805

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-09-30
Maturity Price : 18.24
Evaluated at bid price : 18.24
Bid-YTW : 4.32 %
BMO.PR.Q FixedReset Bank Non Quote: 24.71 – 25.66
Spot Rate : 0.9500
Average : 0.5487

YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2022-01-31
Maturity Price : 25.00
Evaluated at bid price : 24.71
Bid-YTW : 2.72 %
MFC.PR.N FixedReset Ins Non Quote: 16.58 – 17.50
Spot Rate : 0.9200
Average : 0.6288

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-09-30
Maturity Price : 16.58
Evaluated at bid price : 16.58
Bid-YTW : 4.39 %
PWF.PR.R Perpetual-Premium Quote: 25.20 – 25.91
Spot Rate : 0.7100
Average : 0.4330

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-09-30
Maturity Price : 24.92
Evaluated at bid price : 25.20
Bid-YTW : 5.54 %
TRP.PR.D FixedReset Disc Quote: 13.63 – 14.44
Spot Rate : 0.8100
Average : 0.5522

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-09-30
Maturity Price : 13.63
Evaluated at bid price : 13.63
Bid-YTW : 5.45 %
BNS.PR.I FixedReset Disc Quote: 20.20 – 20.89
Spot Rate : 0.6900
Average : 0.4391

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-09-30
Maturity Price : 20.20
Evaluated at bid price : 20.20
Bid-YTW : 3.95 %
Market Action

September 29, 2020

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 0.3249 % 1,634.0
FixedFloater 0.00 % 0.00 % 0 0.00 0 0.3249 % 2,998.3
Floater 5.21 % 5.22 % 53,850 15.11 3 0.3249 % 1,727.9
OpRet 0.00 % 0.00 % 0 0.00 0 -0.3415 % 3,500.9
SplitShare 4.86 % 4.87 % 48,980 3.61 7 -0.3415 % 4,180.8
Interest-Bearing 0.00 % 0.00 % 0 0.00 0 -0.3415 % 3,262.0
Perpetual-Premium 5.33 % 4.30 % 75,962 3.52 17 0.5311 % 3,144.3
Perpetual-Discount 5.22 % 5.23 % 91,140 14.89 17 0.2363 % 3,524.0
FixedReset Disc 5.58 % 4.31 % 118,004 16.30 68 -0.5084 % 2,053.6
Deemed-Retractible 5.03 % 4.92 % 114,276 15.15 27 0.0669 % 3,449.3
FloatingReset 2.88 % 2.21 % 46,509 1.32 3 -0.0903 % 1,784.0
FixedReset Prem 5.25 % 4.43 % 264,361 0.85 11 0.1365 % 2,620.8
FixedReset Bank Non 1.95 % 2.27 % 127,884 1.31 2 0.0000 % 2,844.6
FixedReset Ins Non 5.76 % 4.42 % 81,285 16.01 22 -0.8468 % 2,097.2
Performance Highlights
Issue Index Change Notes
RY.PR.M FixedReset Disc -36.11 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-09-29
Maturity Price : 11.98
Evaluated at bid price : 11.98
Bid-YTW : 6.29 %
MFC.PR.G FixedReset Ins Non -17.38 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-09-29
Maturity Price : 15.50
Evaluated at bid price : 15.50
Bid-YTW : 5.35 %
TRP.PR.G FixedReset Disc -5.25 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-09-29
Maturity Price : 14.26
Evaluated at bid price : 14.26
Bid-YTW : 5.88 %
IFC.PR.I Perpetual-Premium -1.61 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-09-29
Maturity Price : 24.63
Evaluated at bid price : 25.03
Bid-YTW : 5.41 %
BIP.PR.C FixedReset Disc -1.48 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-09-29
Maturity Price : 22.71
Evaluated at bid price : 23.25
Bid-YTW : 5.76 %
IFC.PR.A FixedReset Ins Non -1.16 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-09-29
Maturity Price : 11.90
Evaluated at bid price : 11.90
Bid-YTW : 4.76 %
BIP.PR.D FixedReset Disc -1.15 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-09-29
Maturity Price : 21.87
Evaluated at bid price : 22.40
Bid-YTW : 5.59 %
TD.PF.B FixedReset Disc -1.14 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-09-29
Maturity Price : 17.36
Evaluated at bid price : 17.36
Bid-YTW : 4.14 %
BAM.PF.E FixedReset Disc -1.04 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-09-29
Maturity Price : 14.30
Evaluated at bid price : 14.30
Bid-YTW : 5.42 %
BMO.PR.F FixedReset Disc 1.01 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-09-29
Maturity Price : 23.25
Evaluated at bid price : 24.90
Bid-YTW : 4.04 %
BAM.PR.X FixedReset Disc 1.29 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-09-29
Maturity Price : 11.00
Evaluated at bid price : 11.00
Bid-YTW : 5.04 %
BIP.PR.F FixedReset Disc 1.36 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-09-29
Maturity Price : 21.95
Evaluated at bid price : 22.30
Bid-YTW : 5.74 %
MFC.PR.Q FixedReset Ins Non 1.64 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-09-29
Maturity Price : 17.99
Evaluated at bid price : 17.99
Bid-YTW : 4.42 %
BMO.PR.Z Perpetual-Premium 1.66 % YTW SCENARIO
Maturity Type : Call
Maturity Date : 2024-08-25
Maturity Price : 25.00
Evaluated at bid price : 25.77
Bid-YTW : 4.30 %
RY.PR.N Perpetual-Premium 1.66 % YTW SCENARIO
Maturity Type : Call
Maturity Date : 2024-11-24
Maturity Price : 25.00
Evaluated at bid price : 25.71
Bid-YTW : 4.30 %
RY.PR.O Perpetual-Premium 1.74 % YTW SCENARIO
Maturity Type : Call
Maturity Date : 2024-11-24
Maturity Price : 25.00
Evaluated at bid price : 25.69
Bid-YTW : 4.32 %
BAM.PR.Z FixedReset Disc 1.99 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-09-29
Maturity Price : 16.42
Evaluated at bid price : 16.42
Bid-YTW : 5.38 %
BAM.PR.T FixedReset Disc 2.15 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-09-29
Maturity Price : 12.80
Evaluated at bid price : 12.80
Bid-YTW : 5.39 %
BMO.PR.Y FixedReset Disc 2.44 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-09-29
Maturity Price : 18.50
Evaluated at bid price : 18.50
Bid-YTW : 4.18 %
TD.PF.F Perpetual-Premium 4.13 % YTW SCENARIO
Maturity Type : Call
Maturity Date : 2020-10-31
Maturity Price : 26.00
Evaluated at bid price : 26.23
Bid-YTW : 3.44 %
Volume Highlights
Issue Index Shares
Traded		 Notes
BNS.PR.G FixedReset Prem 101,700 YTW SCENARIO
Maturity Type : Call
Maturity Date : 2021-07-25
Maturity Price : 25.00
Evaluated at bid price : 25.41
Bid-YTW : 4.68 %
BMO.PR.B FixedReset Prem 99,707 YTW SCENARIO
Maturity Type : Call
Maturity Date : 2022-02-25
Maturity Price : 25.00
Evaluated at bid price : 25.37
Bid-YTW : 4.12 %
TD.PF.M FixedReset Disc 55,250 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-09-29
Maturity Price : 23.21
Evaluated at bid price : 24.85
Bid-YTW : 4.12 %
BMO.PR.Y FixedReset Disc 51,250 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-09-29
Maturity Price : 18.50
Evaluated at bid price : 18.50
Bid-YTW : 4.18 %
BMO.PR.T FixedReset Disc 51,246 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-09-29
Maturity Price : 16.96
Evaluated at bid price : 16.96
Bid-YTW : 4.17 %
TD.PF.F Perpetual-Premium 46,615 YTW SCENARIO
Maturity Type : Call
Maturity Date : 2020-10-31
Maturity Price : 26.00
Evaluated at bid price : 26.23
Bid-YTW : 3.44 %
There were 23 other index-included issues trading in excess of 10,000 shares.
Wide Spread Highlights
Issue Index Quote Data and Yield Notes
RY.PR.M FixedReset Disc Quote: 11.98 – 18.85
Spot Rate : 6.8700
Average : 4.5383

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-09-29
Maturity Price : 11.98
Evaluated at bid price : 11.98
Bid-YTW : 6.29 %
MFC.PR.G FixedReset Ins Non Quote: 15.50 – 18.87
Spot Rate : 3.3700
Average : 1.8184

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-09-29
Maturity Price : 15.50
Evaluated at bid price : 15.50
Bid-YTW : 5.35 %
CM.PR.R FixedReset Disc Quote: 22.74 – 23.58
Spot Rate : 0.8400
Average : 0.5941

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-09-29
Maturity Price : 22.40
Evaluated at bid price : 22.74
Bid-YTW : 4.15 %
IFC.PR.I Perpetual-Premium Quote: 25.03 – 25.70
Spot Rate : 0.6700
Average : 0.4607

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-09-29
Maturity Price : 24.63
Evaluated at bid price : 25.03
Bid-YTW : 5.41 %
TRP.PR.G FixedReset Disc Quote: 14.26 – 15.40
Spot Rate : 1.1400
Average : 0.9430

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-09-29
Maturity Price : 14.26
Evaluated at bid price : 14.26
Bid-YTW : 5.88 %
POW.PR.B Perpetual-Discount Quote: 24.70 – 25.02
Spot Rate : 0.3200
Average : 0.2006

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-09-29
Maturity Price : 24.46
Evaluated at bid price : 24.70
Bid-YTW : 5.42 %