Category: Market Action

Market Action

January 29, 2019

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 -0.2363 % 2,327.9
FixedFloater 0.00 % 0.00 % 0 0.00 0 -0.2363 % 4,271.5
Floater 5.04 % 5.28 % 34,253 15.01 4 -0.2363 % 2,461.7
OpRet 0.00 % 0.00 % 0 0.00 0 -0.1403 % 3,207.8
SplitShare 4.93 % 4.58 % 67,962 3.98 8 -0.1403 % 3,830.8
Interest-Bearing 0.00 % 0.00 % 0 0.00 0 -0.1403 % 2,989.0
Perpetual-Premium 5.92 % -2.84 % 150,407 0.08 2 0.1595 % 2,881.1
Perpetual-Discount 5.64 % 5.73 % 79,985 14.22 33 -0.0066 % 2,949.3
FixedReset Disc 5.15 % 5.60 % 217,912 14.60 65 0.2995 % 2,196.7
Deemed-Retractible 5.40 % 6.37 % 91,928 8.15 27 0.1030 % 2,937.3
FloatingReset 4.29 % 5.24 % 60,696 8.51 6 0.2279 % 2,438.0
FixedReset Prem 5.13 % 4.43 % 258,640 2.32 17 0.2131 % 2,523.0
FixedReset Bank Non 2.81 % 4.08 % 154,452 2.88 5 0.0552 % 2,579.2
FixedReset Ins Non 5.11 % 7.23 % 135,888 8.23 22 0.1962 % 2,177.4
Performance Highlights
Issue Index Change Notes
BIP.PR.F FixedReset Disc -2.85 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-01-29
Maturity Price : 21.75
Evaluated at bid price : 22.15
Bid-YTW : 5.81 %
PWF.PR.A Floater -2.78 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-01-29
Maturity Price : 15.75
Evaluated at bid price : 15.75
Bid-YTW : 4.39 %
PWF.PR.T FixedReset Disc -2.75 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-01-29
Maturity Price : 18.75
Evaluated at bid price : 18.75
Bid-YTW : 5.72 %
BAM.PR.R FixedReset Disc -2.55 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-01-29
Maturity Price : 16.43
Evaluated at bid price : 16.43
Bid-YTW : 6.18 %
BAM.PR.Z FixedReset Disc -2.15 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-01-29
Maturity Price : 20.90
Evaluated at bid price : 20.90
Bid-YTW : 5.83 %
BIP.PR.A FixedReset Disc -1.98 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-01-29
Maturity Price : 19.80
Evaluated at bid price : 19.80
Bid-YTW : 6.87 %
HSE.PR.E FixedReset Disc -1.74 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-01-29
Maturity Price : 20.36
Evaluated at bid price : 20.36
Bid-YTW : 6.69 %
BIP.PR.D FixedReset Disc -1.65 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-01-29
Maturity Price : 22.17
Evaluated at bid price : 22.60
Bid-YTW : 6.19 %
W.PR.H Perpetual-Discount -1.54 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-01-29
Maturity Price : 23.34
Evaluated at bid price : 23.63
Bid-YTW : 5.86 %
IFC.PR.A FixedReset Ins Non -1.54 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 16.00
Bid-YTW : 8.75 %
BIP.PR.C FixedReset Disc -1.41 % YTW SCENARIO
Maturity Type : Call
Maturity Date : 2021-09-30
Maturity Price : 25.00
Evaluated at bid price : 24.50
Bid-YTW : 6.40 %
IFC.PR.G FixedReset Ins Non -1.00 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 20.70
Bid-YTW : 7.02 %
BIP.PR.B FixedReset Prem -1.00 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-01-29
Maturity Price : 23.49
Evaluated at bid price : 24.70
Bid-YTW : 6.42 %
BAM.PR.N Perpetual-Discount 1.04 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-01-29
Maturity Price : 20.33
Evaluated at bid price : 20.33
Bid-YTW : 5.92 %
MFC.PR.H FixedReset Ins Non 1.08 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 21.45
Bid-YTW : 6.73 %
BMO.PR.D FixedReset Disc 1.10 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-01-29
Maturity Price : 22.32
Evaluated at bid price : 22.90
Bid-YTW : 5.43 %
BAM.PR.B Floater 1.15 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-01-29
Maturity Price : 13.24
Evaluated at bid price : 13.24
Bid-YTW : 5.28 %
EMA.PR.F FixedReset Disc 1.16 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-01-29
Maturity Price : 19.98
Evaluated at bid price : 19.98
Bid-YTW : 5.75 %
POW.PR.D Perpetual-Discount 1.24 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-01-29
Maturity Price : 21.72
Evaluated at bid price : 21.97
Bid-YTW : 5.73 %
CCS.PR.C Deemed-Retractible 1.25 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 22.63
Bid-YTW : 6.30 %
NA.PR.S FixedReset Disc 1.29 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-01-29
Maturity Price : 18.90
Evaluated at bid price : 18.90
Bid-YTW : 5.70 %
PWF.PR.Q FloatingReset 1.31 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-01-29
Maturity Price : 15.45
Evaluated at bid price : 15.45
Bid-YTW : 5.24 %
BMO.PR.W FixedReset Disc 1.34 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-01-29
Maturity Price : 18.97
Evaluated at bid price : 18.97
Bid-YTW : 5.50 %
BAM.PR.K Floater 1.40 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-01-29
Maturity Price : 13.00
Evaluated at bid price : 13.00
Bid-YTW : 5.38 %
BAM.PF.G FixedReset Disc 1.54 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-01-29
Maturity Price : 19.80
Evaluated at bid price : 19.80
Bid-YTW : 6.03 %
TD.PF.C FixedReset Disc 1.56 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-01-29
Maturity Price : 18.89
Evaluated at bid price : 18.89
Bid-YTW : 5.49 %
HSE.PR.C FixedReset Disc 1.83 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-01-29
Maturity Price : 19.50
Evaluated at bid price : 19.50
Bid-YTW : 6.48 %
TD.PF.J FixedReset Disc 2.79 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-01-29
Maturity Price : 21.49
Evaluated at bid price : 21.75
Bid-YTW : 5.32 %
TD.PF.I FixedReset Disc 3.07 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-01-29
Maturity Price : 22.24
Evaluated at bid price : 22.80
Bid-YTW : 5.28 %
BMO.PR.E FixedReset Disc 3.71 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-01-29
Maturity Price : 22.24
Evaluated at bid price : 22.92
Bid-YTW : 5.19 %
RY.PR.S FixedReset Disc 3.89 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-01-29
Maturity Price : 21.58
Evaluated at bid price : 21.92
Bid-YTW : 5.02 %
BNS.PR.I FixedReset Disc 4.58 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-01-29
Maturity Price : 22.19
Evaluated at bid price : 22.85
Bid-YTW : 4.88 %
TD.PF.K FixedReset Disc 4.66 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-01-29
Maturity Price : 21.48
Evaluated at bid price : 21.77
Bid-YTW : 5.24 %
Volume Highlights
Issue Index Shares
Traded		 Notes
TD.PF.L FixedReset Disc 499,072 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-01-29
Maturity Price : 23.13
Evaluated at bid price : 24.95
Bid-YTW : 5.11 %
CM.PR.T FixedReset Disc 148,361 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-01-29
Maturity Price : 23.08
Evaluated at bid price : 24.82
Bid-YTW : 5.18 %
TRP.PR.K FixedReset Disc 126,078 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-01-29
Maturity Price : 23.08
Evaluated at bid price : 24.35
Bid-YTW : 5.75 %
TD.PF.H FixedReset Prem 94,100 YTW SCENARIO
Maturity Type : Call
Maturity Date : 2021-10-31
Maturity Price : 25.00
Evaluated at bid price : 25.29
Bid-YTW : 4.42 %
BMO.PR.T FixedReset Disc 77,400 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-01-29
Maturity Price : 18.97
Evaluated at bid price : 18.97
Bid-YTW : 5.53 %
TRP.PR.B FixedReset Disc 77,343 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-01-29
Maturity Price : 12.91
Evaluated at bid price : 12.91
Bid-YTW : 6.05 %
There were 40 other index-included issues trading in excess of 10,000 shares.
Wide Spread Highlights
Issue Index Quote Data and Yield Notes
IAF.PR.G FixedReset Ins Non Quote: 20.00 – 20.93
Spot Rate : 0.9300
Average : 0.5745

YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 20.00
Bid-YTW : 7.11 %
BAM.PR.R FixedReset Disc Quote: 16.43 – 17.50
Spot Rate : 1.0700
Average : 0.7658

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-01-29
Maturity Price : 16.43
Evaluated at bid price : 16.43
Bid-YTW : 6.18 %
BAM.PF.D Perpetual-Discount Quote: 21.24 – 22.02
Spot Rate : 0.7800
Average : 0.4810

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-01-29
Maturity Price : 21.24
Evaluated at bid price : 21.24
Bid-YTW : 5.84 %
BAM.PR.Z FixedReset Disc Quote: 20.90 – 21.59
Spot Rate : 0.6900
Average : 0.4471

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-01-29
Maturity Price : 20.90
Evaluated at bid price : 20.90
Bid-YTW : 5.83 %
PWF.PR.T FixedReset Disc Quote: 18.75 – 19.28
Spot Rate : 0.5300
Average : 0.3325

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-01-29
Maturity Price : 18.75
Evaluated at bid price : 18.75
Bid-YTW : 5.72 %
ELF.PR.H Perpetual-Discount Quote: 24.00 – 24.49
Spot Rate : 0.4900
Average : 0.3143

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-01-29
Maturity Price : 23.65
Evaluated at bid price : 24.00
Bid-YTW : 5.77 %
Market Action

January 28, 2019

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 1.5129 % 2,333.4
FixedFloater 0.00 % 0.00 % 0 0.00 0 1.5129 % 4,281.7
Floater 5.03 % 5.34 % 34,746 14.91 4 1.5129 % 2,467.5
OpRet 0.00 % 0.00 % 0 0.00 0 0.0752 % 3,212.3
SplitShare 4.92 % 4.57 % 68,625 3.98 8 0.0752 % 3,836.2
Interest-Bearing 0.00 % 0.00 % 0 0.00 0 0.0752 % 2,993.2
Perpetual-Premium 5.93 % -0.64 % 151,221 0.08 2 0.0998 % 2,876.6
Perpetual-Discount 5.64 % 5.73 % 83,313 14.24 33 0.0092 % 2,949.5
FixedReset Disc 5.17 % 5.57 % 221,601 14.54 65 -0.4640 % 2,190.1
Deemed-Retractible 5.41 % 6.45 % 89,292 8.15 27 -0.0539 % 2,934.2
FloatingReset 4.15 % 4.37 % 47,009 2.87 7 -0.3029 % 2,432.4
FixedReset Prem 5.14 % 4.63 % 255,130 2.18 17 -0.0440 % 2,517.7
FixedReset Bank Non 2.97 % 3.82 % 178,008 2.83 6 -0.0207 % 2,577.7
FixedReset Ins Non 5.12 % 7.28 % 128,919 8.22 22 -0.2725 % 2,173.2
Performance Highlights
Issue Index Change Notes
TD.PF.K FixedReset Disc -3.35 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-01-28
Maturity Price : 20.80
Evaluated at bid price : 20.80
Bid-YTW : 5.51 %
BIP.PR.E FixedReset Disc -2.20 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-01-28
Maturity Price : 21.54
Evaluated at bid price : 21.81
Bid-YTW : 5.79 %
PWF.PR.P FixedReset Disc -2.06 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-01-28
Maturity Price : 14.77
Evaluated at bid price : 14.77
Bid-YTW : 5.71 %
MFC.PR.L FixedReset Ins Non -2.02 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 17.49
Bid-YTW : 8.38 %
BAM.PR.X FixedReset Disc -2.01 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-01-28
Maturity Price : 15.08
Evaluated at bid price : 15.08
Bid-YTW : 5.86 %
BAM.PR.R FixedReset Disc -1.98 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-01-28
Maturity Price : 16.86
Evaluated at bid price : 16.86
Bid-YTW : 6.03 %
MFC.PR.Q FixedReset Ins Non -1.96 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 20.01
Bid-YTW : 7.35 %
BMO.PR.D FixedReset Disc -1.91 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-01-28
Maturity Price : 22.16
Evaluated at bid price : 22.65
Bid-YTW : 5.50 %
PWF.PR.Q FloatingReset -1.87 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-01-28
Maturity Price : 15.25
Evaluated at bid price : 15.25
Bid-YTW : 5.31 %
RY.PR.S FixedReset Disc -1.86 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-01-28
Maturity Price : 21.10
Evaluated at bid price : 21.10
Bid-YTW : 5.24 %
BMO.PR.Y FixedReset Disc -1.85 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-01-28
Maturity Price : 21.25
Evaluated at bid price : 21.25
Bid-YTW : 5.42 %
TRP.PR.B FixedReset Disc -1.68 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-01-28
Maturity Price : 12.85
Evaluated at bid price : 12.85
Bid-YTW : 6.07 %
MFC.PR.M FixedReset Ins Non -1.58 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 18.01
Bid-YTW : 8.23 %
TD.PF.I FixedReset Disc -1.47 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-01-28
Maturity Price : 21.79
Evaluated at bid price : 22.12
Bid-YTW : 5.45 %
MFC.PR.N FixedReset Ins Non -1.44 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 17.76
Bid-YTW : 8.31 %
HSE.PR.C FixedReset Disc -1.44 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-01-28
Maturity Price : 19.15
Evaluated at bid price : 19.15
Bid-YTW : 6.60 %
CU.PR.F Perpetual-Discount -1.38 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-01-28
Maturity Price : 20.02
Evaluated at bid price : 20.02
Bid-YTW : 5.72 %
BMO.PR.E FixedReset Disc -1.34 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-01-28
Maturity Price : 21.72
Evaluated at bid price : 22.10
Bid-YTW : 5.40 %
TRP.PR.G FixedReset Disc -1.30 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-01-28
Maturity Price : 19.81
Evaluated at bid price : 19.81
Bid-YTW : 6.07 %
MFC.PR.J FixedReset Ins Non -1.27 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 20.19
Bid-YTW : 7.29 %
CM.PR.P FixedReset Disc -1.24 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-01-28
Maturity Price : 18.37
Evaluated at bid price : 18.37
Bid-YTW : 5.62 %
MFC.PR.G FixedReset Ins Non -1.23 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 20.00
Bid-YTW : 7.27 %
NA.PR.W FixedReset Disc -1.21 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-01-28
Maturity Price : 17.97
Evaluated at bid price : 17.97
Bid-YTW : 5.77 %
BNS.PR.I FixedReset Disc -1.18 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-01-28
Maturity Price : 21.53
Evaluated at bid price : 21.85
Bid-YTW : 5.13 %
NA.PR.S FixedReset Disc -1.17 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-01-28
Maturity Price : 18.66
Evaluated at bid price : 18.66
Bid-YTW : 5.77 %
CU.PR.G Perpetual-Discount -1.13 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-01-28
Maturity Price : 20.04
Evaluated at bid price : 20.04
Bid-YTW : 5.72 %
CU.PR.H Perpetual-Discount -1.13 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-01-28
Maturity Price : 23.26
Evaluated at bid price : 23.65
Bid-YTW : 5.63 %
TD.PF.C FixedReset Disc -1.12 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-01-28
Maturity Price : 18.60
Evaluated at bid price : 18.60
Bid-YTW : 5.57 %
HSE.PR.G FixedReset Disc -1.11 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-01-28
Maturity Price : 20.52
Evaluated at bid price : 20.52
Bid-YTW : 6.59 %
EMA.PR.F FixedReset Disc -1.10 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-01-28
Maturity Price : 19.75
Evaluated at bid price : 19.75
Bid-YTW : 5.81 %
HSE.PR.E FixedReset Disc -1.10 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-01-28
Maturity Price : 20.72
Evaluated at bid price : 20.72
Bid-YTW : 6.58 %
BMO.PR.C FixedReset Disc -1.09 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-01-28
Maturity Price : 22.76
Evaluated at bid price : 23.65
Bid-YTW : 5.41 %
CM.PR.S FixedReset Disc -1.09 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-01-28
Maturity Price : 20.03
Evaluated at bid price : 20.03
Bid-YTW : 5.50 %
TRP.PR.C FixedReset Disc -1.08 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-01-28
Maturity Price : 13.70
Evaluated at bid price : 13.70
Bid-YTW : 6.04 %
MFC.PR.R FixedReset Ins Non -1.06 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 24.33
Bid-YTW : 5.87 %
CM.PR.Q FixedReset Disc -1.05 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-01-28
Maturity Price : 20.64
Evaluated at bid price : 20.64
Bid-YTW : 5.57 %
NA.PR.G FixedReset Disc -1.01 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-01-28
Maturity Price : 21.36
Evaluated at bid price : 21.65
Bid-YTW : 5.47 %
SLF.PR.G FixedReset Ins Non 1.03 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 14.65
Bid-YTW : 9.27 %
BAM.PR.M Perpetual-Discount 1.25 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-01-28
Maturity Price : 20.25
Evaluated at bid price : 20.25
Bid-YTW : 5.94 %
TD.PF.D FixedReset Disc 1.46 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-01-28
Maturity Price : 21.51
Evaluated at bid price : 21.51
Bid-YTW : 5.37 %
BAM.PR.T FixedReset Disc 1.86 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-01-28
Maturity Price : 16.99
Evaluated at bid price : 16.99
Bid-YTW : 6.05 %
VNR.PR.A FixedReset Disc 1.88 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-01-28
Maturity Price : 21.89
Evaluated at bid price : 22.26
Bid-YTW : 5.28 %
RY.PR.M FixedReset Disc 2.19 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-01-28
Maturity Price : 20.50
Evaluated at bid price : 20.50
Bid-YTW : 5.40 %
MFC.PR.K FixedReset Ins Non 2.31 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 18.59
Bid-YTW : 7.90 %
MFC.PR.I FixedReset Ins Non 2.33 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 20.17
Bid-YTW : 7.28 %
PWF.PR.A Floater 2.86 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-01-28
Maturity Price : 16.20
Evaluated at bid price : 16.20
Bid-YTW : 4.26 %
BAM.PR.B Floater 2.99 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-01-28
Maturity Price : 13.09
Evaluated at bid price : 13.09
Bid-YTW : 5.34 %
CM.PR.O FixedReset Disc 6.68 % Just a reversal of Friday‘s nonsense.

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-01-28
Maturity Price : 18.69
Evaluated at bid price : 18.69
Bid-YTW : 5.65 %
Volume Highlights
Issue Index Shares
Traded		 Notes
TD.PF.L FixedReset Disc 688,942 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-01-28
Maturity Price : 23.09
Evaluated at bid price : 24.85
Bid-YTW : 5.13 %
RY.PR.L FixedReset Bank Non 200,000 YTW SCENARIO
Maturity Type : Call
Maturity Date : 2019-03-26
Maturity Price : 25.00
Evaluated at bid price : 24.95
Bid-YTW : 3.55 %
CM.PR.T FixedReset Disc 74,520 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-01-28
Maturity Price : 23.04
Evaluated at bid price : 24.70
Bid-YTW : 5.21 %
TD.PF.A FixedReset Disc 59,050 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-01-28
Maturity Price : 19.21
Evaluated at bid price : 19.21
Bid-YTW : 5.40 %
BNS.PR.F FloatingReset 44,300 YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2022-01-31
Maturity Price : 25.00
Evaluated at bid price : 24.03
Bid-YTW : 4.37 %
BNS.PR.G FixedReset Prem 42,520 YTW SCENARIO
Maturity Type : Call
Maturity Date : 2021-07-25
Maturity Price : 25.00
Evaluated at bid price : 25.75
Bid-YTW : 4.26 %
There were 22 other index-included issues trading in excess of 10,000 shares.
Wide Spread Highlights
Issue Index Quote Data and Yield Notes
TD.PF.J FixedReset Disc Quote: 21.16 – 23.30
Spot Rate : 2.1400
Average : 1.7039

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-01-28
Maturity Price : 21.16
Evaluated at bid price : 21.16
Bid-YTW : 5.49 %
BAM.PR.R FixedReset Disc Quote: 16.86 – 17.48
Spot Rate : 0.6200
Average : 0.4322

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-01-28
Maturity Price : 16.86
Evaluated at bid price : 16.86
Bid-YTW : 6.03 %
TD.PF.I FixedReset Disc Quote: 22.12 – 22.70
Spot Rate : 0.5800
Average : 0.4290

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-01-28
Maturity Price : 21.79
Evaluated at bid price : 22.12
Bid-YTW : 5.45 %
MFC.PR.G FixedReset Ins Non Quote: 20.00 – 20.53
Spot Rate : 0.5300
Average : 0.3914

YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 20.00
Bid-YTW : 7.27 %
HSE.PR.C FixedReset Disc Quote: 19.15 – 19.66
Spot Rate : 0.5100
Average : 0.3836

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-01-28
Maturity Price : 19.15
Evaluated at bid price : 19.15
Bid-YTW : 6.60 %
CU.PR.F Perpetual-Discount Quote: 20.02 – 20.42
Spot Rate : 0.4000
Average : 0.2927

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-01-28
Maturity Price : 20.02
Evaluated at bid price : 20.02
Bid-YTW : 5.72 %
Market Action

January 25, 2019

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 -0.5140 % 2,298.6
FixedFloater 0.00 % 0.00 % 0 0.00 0 -0.5140 % 4,217.8
Floater 5.10 % 5.42 % 35,115 14.78 4 -0.5140 % 2,430.8
OpRet 0.00 % 0.00 % 0 0.00 0 0.2867 % 3,209.9
SplitShare 4.93 % 4.50 % 71,467 3.99 8 0.2867 % 3,833.3
Interest-Bearing 0.00 % 0.00 % 0 0.00 0 0.2867 % 2,990.9
Perpetual-Premium 5.94 % -1.24 % 153,105 0.08 2 -0.2587 % 2,873.7
Perpetual-Discount 5.64 % 5.75 % 84,829 14.27 33 0.0806 % 2,949.2
FixedReset Disc 5.14 % 5.64 % 223,686 14.51 64 0.3862 % 2,200.3
Deemed-Retractible 5.40 % 6.46 % 88,766 8.16 27 0.1210 % 2,935.8
FloatingReset 4.12 % 4.40 % 48,947 2.88 7 0.2277 % 2,439.8
FixedReset Prem 5.14 % 4.44 % 257,731 2.19 17 0.3322 % 2,518.8
FixedReset Bank Non 2.98 % 3.91 % 164,825 2.84 6 0.1936 % 2,578.3
FixedReset Ins Non 5.11 % 7.16 % 131,061 8.21 22 0.4634 % 2,179.1
Performance Highlights
Issue Index Change Notes
CM.PR.O FixedReset Disc -7.59 % A nonsensical quote provided at high cost by Nonsense Central, as the issue traded 10,050 shares today in a range of 18.80-01 before being quoted at 17.52-19.30. The closing price was 18.93.

I have not checked whether the lamentable state of the quote is due to inadequate Toronto Stock Exchange reporting or inadequate Toronto Stock Exchange supervision of market-makers.

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-01-25
Maturity Price : 17.52
Evaluated at bid price : 17.52
Bid-YTW : 6.13 %
RY.PR.M FixedReset Disc -3.88 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-01-25
Maturity Price : 20.06
Evaluated at bid price : 20.06
Bid-YTW : 5.59 %
BNS.PR.I FixedReset Disc -2.77 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-01-25
Maturity Price : 21.72
Evaluated at bid price : 22.11
Bid-YTW : 5.12 %
RY.PR.S FixedReset Disc -2.54 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-01-25
Maturity Price : 21.50
Evaluated at bid price : 21.50
Bid-YTW : 5.20 %
BAM.PR.T FixedReset Disc -2.00 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-01-25
Maturity Price : 16.68
Evaluated at bid price : 16.68
Bid-YTW : 6.24 %
BAM.PF.E FixedReset Disc -1.88 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-01-25
Maturity Price : 18.84
Evaluated at bid price : 18.84
Bid-YTW : 6.05 %
RY.PR.Z FixedReset Disc -1.79 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-01-25
Maturity Price : 19.20
Evaluated at bid price : 19.20
Bid-YTW : 5.44 %
CCS.PR.C Deemed-Retractible -1.77 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 22.16
Bid-YTW : 6.55 %
BAM.PR.B Floater -1.70 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-01-25
Maturity Price : 12.71
Evaluated at bid price : 12.71
Bid-YTW : 5.50 %
IFC.PR.F Deemed-Retractible -1.42 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 22.85
Bid-YTW : 6.49 %
MFC.PR.M FixedReset Ins Non -1.35 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 18.30
Bid-YTW : 8.10 %
EMA.PR.H FixedReset Disc -1.23 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-01-25
Maturity Price : 22.45
Evaluated at bid price : 23.26
Bid-YTW : 5.32 %
BAM.PF.A FixedReset Disc -1.20 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-01-25
Maturity Price : 21.35
Evaluated at bid price : 21.35
Bid-YTW : 5.83 %
IAF.PR.G FixedReset Ins Non -1.14 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 20.02
Bid-YTW : 7.14 %
CU.PR.E Perpetual-Discount -1.13 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-01-25
Maturity Price : 21.85
Evaluated at bid price : 21.85
Bid-YTW : 5.71 %
BAM.PF.J FixedReset Disc 1.04 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-01-25
Maturity Price : 22.97
Evaluated at bid price : 24.25
Bid-YTW : 5.13 %
BAM.PR.R FixedReset Disc 1.06 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-01-25
Maturity Price : 17.20
Evaluated at bid price : 17.20
Bid-YTW : 5.99 %
TRP.PR.A FixedReset Disc 1.09 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-01-25
Maturity Price : 15.75
Evaluated at bid price : 15.75
Bid-YTW : 6.18 %
CU.PR.G Perpetual-Discount 1.10 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-01-25
Maturity Price : 20.27
Evaluated at bid price : 20.27
Bid-YTW : 5.65 %
BAM.PF.H FixedReset Prem 1.14 % YTW SCENARIO
Maturity Type : Call
Maturity Date : 2020-12-31
Maturity Price : 25.00
Evaluated at bid price : 25.82
Bid-YTW : 3.43 %
NA.PR.G FixedReset Disc 1.25 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-01-25
Maturity Price : 21.55
Evaluated at bid price : 21.87
Bid-YTW : 5.47 %
GWO.PR.Q Deemed-Retractible 1.29 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 22.81
Bid-YTW : 6.35 %
TRP.PR.B FixedReset Disc 1.32 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-01-25
Maturity Price : 13.07
Evaluated at bid price : 13.07
Bid-YTW : 6.09 %
BMO.PR.Q FixedReset Bank Non 1.33 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2022-01-31
Maturity Price : 25.00
Evaluated at bid price : 22.93
Bid-YTW : 5.13 %
BMO.PR.T FixedReset Disc 1.33 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-01-25
Maturity Price : 19.05
Evaluated at bid price : 19.05
Bid-YTW : 5.60 %
IFC.PR.E Deemed-Retractible 1.46 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 22.95
Bid-YTW : 6.33 %
HSE.PR.C FixedReset Disc 1.46 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-01-25
Maturity Price : 19.43
Evaluated at bid price : 19.43
Bid-YTW : 6.58 %
BMO.PR.W FixedReset Disc 1.57 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-01-25
Maturity Price : 18.80
Evaluated at bid price : 18.80
Bid-YTW : 5.63 %
TD.PF.B FixedReset Disc 1.89 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-01-25
Maturity Price : 19.36
Evaluated at bid price : 19.36
Bid-YTW : 5.48 %
PWF.PR.P FixedReset Disc 2.10 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-01-25
Maturity Price : 15.08
Evaluated at bid price : 15.08
Bid-YTW : 5.69 %
BAM.PR.X FixedReset Disc 2.12 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-01-25
Maturity Price : 15.39
Evaluated at bid price : 15.39
Bid-YTW : 5.83 %
TRP.PR.C FixedReset Disc 2.14 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-01-25
Maturity Price : 13.85
Evaluated at bid price : 13.85
Bid-YTW : 6.09 %
IFC.PR.C FixedReset Ins Non 2.15 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 19.00
Bid-YTW : 7.55 %
RY.PR.H FixedReset Disc 3.47 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-01-25
Maturity Price : 19.40
Evaluated at bid price : 19.40
Bid-YTW : 5.44 %
HSE.PR.A FixedReset Disc 3.60 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-01-25
Maturity Price : 13.52
Evaluated at bid price : 13.52
Bid-YTW : 6.57 %
BAM.PR.Z FixedReset Disc 4.16 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-01-25
Maturity Price : 21.51
Evaluated at bid price : 21.51
Bid-YTW : 5.72 %
TD.PF.E FixedReset Disc 5.64 % Just a reversal of yesterday‘s nonsense.

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-01-25
Maturity Price : 21.55
Evaluated at bid price : 21.93
Bid-YTW : 5.39 %
MFC.PR.K FixedReset Ins Non 6.26 % Just a reversal of yesterday‘s nonsense.

YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 18.17
Bid-YTW : 8.23 %
TD.PF.D FixedReset Disc 11.40 % Just a reversal of yesterday‘s nonsense.

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-01-25
Maturity Price : 21.20
Evaluated at bid price : 21.20
Bid-YTW : 5.52 %
Volume Highlights
Issue Index Shares
Traded		 Notes
CM.PR.T FixedReset Disc 78,608 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-01-25
Maturity Price : 23.03
Evaluated at bid price : 24.68
Bid-YTW : 5.26 %
RY.PR.L FixedReset Bank Non 71,052 YTW SCENARIO
Maturity Type : Call
Maturity Date : 2019-02-24
Maturity Price : 25.00
Evaluated at bid price : 24.96
Bid-YTW : 1.96 %
RY.PR.J FixedReset Disc 70,960 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-01-25
Maturity Price : 21.15
Evaluated at bid price : 21.15
Bid-YTW : 5.48 %
IFC.PR.G FixedReset Ins Non 69,590 YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 21.10
Bid-YTW : 6.81 %
RY.PR.H FixedReset Disc 59,250 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-01-25
Maturity Price : 19.40
Evaluated at bid price : 19.40
Bid-YTW : 5.44 %
RY.PR.C Deemed-Retractible 56,740 YTW SCENARIO
Maturity Type : Call
Maturity Date : 2019-02-24
Maturity Price : 25.00
Evaluated at bid price : 25.06
Bid-YTW : -2.90 %
There were 35 other index-included issues trading in excess of 10,000 shares.
Wide Spread Highlights
Issue Index Quote Data and Yield Notes
CM.PR.O FixedReset Disc Quote: 17.52 – 19.30
Spot Rate : 1.7800
Average : 1.1823

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-01-25
Maturity Price : 17.52
Evaluated at bid price : 17.52
Bid-YTW : 6.13 %
BAM.PF.A FixedReset Disc Quote: 21.35 – 22.50
Spot Rate : 1.1500
Average : 0.6885

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-01-25
Maturity Price : 21.35
Evaluated at bid price : 21.35
Bid-YTW : 5.83 %
CM.PR.S FixedReset Disc Quote: 20.25 – 21.30
Spot Rate : 1.0500
Average : 0.6724

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-01-25
Maturity Price : 20.25
Evaluated at bid price : 20.25
Bid-YTW : 5.51 %
RY.PR.M FixedReset Disc Quote: 20.06 – 21.00
Spot Rate : 0.9400
Average : 0.5819

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-01-25
Maturity Price : 20.06
Evaluated at bid price : 20.06
Bid-YTW : 5.59 %
TD.PF.A FixedReset Disc Quote: 19.20 – 20.60
Spot Rate : 1.4000
Average : 1.0539

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-01-25
Maturity Price : 19.20
Evaluated at bid price : 19.20
Bid-YTW : 5.49 %
TD.PF.J FixedReset Disc Quote: 21.14 – 22.70
Spot Rate : 1.5600
Average : 1.2258

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-01-25
Maturity Price : 21.14
Evaluated at bid price : 21.14
Bid-YTW : 5.56 %
Market Action

January 24, 2019

explosion_190124
Click for Big

TXPR closed at 622.78, down 0.51% on the day. Volume of 3.13-million was second only to January 18 in the past thirty days. I note that yesterday the TXPR Total Return index turned negative for the month-to-date … well, it’s more negative now!

CPD closed at 12.52, down 0.08% on the day. Volume of 124,907 was mid-range in the context of the past thirty days.

ZPR closed at 10.16, down 0.20% on the day. Volume of 166,964 was mid-range in the context of the past thirty days.

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 -0.3990 % 2,310.5
FixedFloater 0.00 % 0.00 % 0 0.00 0 -0.3990 % 4,239.6
Floater 5.08 % 5.40 % 35,647 14.82 4 -0.3990 % 2,443.3
OpRet 0.00 % 0.00 % 0 0.00 0 -0.0804 % 3,200.8
SplitShare 4.94 % 4.68 % 72,088 4.00 8 -0.0804 % 3,822.4
Interest-Bearing 0.00 % 0.00 % 0 0.00 0 -0.0804 % 2,982.4
Perpetual-Premium 5.92 % -2.87 % 152,740 0.08 2 0.1195 % 2,881.1
Perpetual-Discount 5.64 % 5.76 % 85,635 14.25 33 -0.0053 % 2,946.8
FixedReset Disc 5.16 % 5.67 % 225,161 14.49 64 -1.0828 % 2,191.9
Deemed-Retractible 5.41 % 6.41 % 88,401 8.16 27 -0.1029 % 2,932.3
FloatingReset 4.13 % 4.50 % 50,966 2.88 7 -0.0379 % 2,434.3
FixedReset Prem 5.16 % 4.67 % 257,744 2.19 17 -0.1438 % 2,510.4
FixedReset Bank Non 2.99 % 3.86 % 152,613 2.84 6 0.1315 % 2,573.3
FixedReset Ins Non 5.13 % 7.16 % 135,773 8.21 22 -0.7756 % 2,169.1
Performance Highlights
Issue Index Change Notes
TD.PF.D FixedReset Disc -13.03 % A nonsensical quote provided at high cost by Nonsense Central, as the issue traded 63,100 shares today in a range of 21.67-93 before being quoted at 19.03-21.70. The closing price was 21.69.

I have not checked whether the lamentable state of the quote is due to inadequate Toronto Stock Exchange reporting or inadequate Toronto Stock Exchange supervision of market-makers.

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-01-24
Maturity Price : 19.03
Evaluated at bid price : 19.03
Bid-YTW : 6.14 %
MFC.PR.K FixedReset Ins Non -8.31 % A nonsensical quote provided at high cost by Nonsense Central, as the issue traded 6,955 shares today in a range of 18.96-48 before being quoted at 17.10-19.26. The closing price was 18.96.

I have not checked whether the lamentable state of the quote is due to inadequate Toronto Stock Exchange reporting or inadequate Toronto Stock Exchange supervision of market-makers.

YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 17.10
Bid-YTW : 8.99 %
TD.PF.E FixedReset Disc -6.19 % A nonsensical quote provided at high cost by Nonsense Central, as the issue traded 1,920 shares today in a range of 21.90-13 before being quoted at 20.76-22.01. The closing price was 21.95.

I have not checked whether the lamentable state of the quote is due to inadequate Toronto Stock Exchange reporting or inadequate Toronto Stock Exchange supervision of market-makers.

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-01-24
Maturity Price : 20.76
Evaluated at bid price : 20.76
Bid-YTW : 5.71 %
TD.PF.J FixedReset Disc -4.74 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-01-24
Maturity Price : 21.10
Evaluated at bid price : 21.10
Bid-YTW : 5.56 %
RY.PR.H FixedReset Disc -4.09 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-01-24
Maturity Price : 18.75
Evaluated at bid price : 18.75
Bid-YTW : 5.63 %
BAM.PR.Z FixedReset Disc -3.95 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-01-24
Maturity Price : 20.65
Evaluated at bid price : 20.65
Bid-YTW : 5.96 %
MFC.PR.I FixedReset Ins Non -3.24 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 19.70
Bid-YTW : 7.61 %
BAM.PF.F FixedReset Disc -3.19 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-01-24
Maturity Price : 19.41
Evaluated at bid price : 19.41
Bid-YTW : 6.27 %
BIP.PR.A FixedReset Disc -2.92 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-01-24
Maturity Price : 20.25
Evaluated at bid price : 20.25
Bid-YTW : 6.79 %
NA.PR.G FixedReset Disc -2.70 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-01-24
Maturity Price : 21.32
Evaluated at bid price : 21.60
Bid-YTW : 5.54 %
RY.PR.M FixedReset Disc -2.66 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-01-24
Maturity Price : 20.87
Evaluated at bid price : 20.87
Bid-YTW : 5.38 %
BAM.PF.E FixedReset Disc -2.49 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-01-24
Maturity Price : 19.20
Evaluated at bid price : 19.20
Bid-YTW : 5.93 %
BAM.PR.K Floater -2.43 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-01-24
Maturity Price : 12.85
Evaluated at bid price : 12.85
Bid-YTW : 5.44 %
BAM.PR.T FixedReset Disc -2.35 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-01-24
Maturity Price : 17.02
Evaluated at bid price : 17.02
Bid-YTW : 6.12 %
BAM.PF.A FixedReset Disc -2.22 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-01-24
Maturity Price : 21.33
Evaluated at bid price : 21.61
Bid-YTW : 5.74 %
GWO.PR.R Deemed-Retractible -2.08 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 21.64
Bid-YTW : 6.62 %
TD.PF.K FixedReset Disc -2.06 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-01-24
Maturity Price : 21.40
Evaluated at bid price : 21.40
Bid-YTW : 5.41 %
BAM.PR.X FixedReset Disc -2.02 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-01-24
Maturity Price : 15.07
Evaluated at bid price : 15.07
Bid-YTW : 5.95 %
BNS.PR.I FixedReset Disc -1.98 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-01-24
Maturity Price : 22.12
Evaluated at bid price : 22.74
Bid-YTW : 4.96 %
BMO.PR.E FixedReset Disc -1.91 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-01-24
Maturity Price : 22.03
Evaluated at bid price : 22.58
Bid-YTW : 5.33 %
BAM.PF.B FixedReset Disc -1.75 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-01-24
Maturity Price : 19.60
Evaluated at bid price : 19.60
Bid-YTW : 5.93 %
TD.PF.I FixedReset Disc -1.44 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-01-24
Maturity Price : 22.15
Evaluated at bid price : 22.65
Bid-YTW : 5.37 %
IFC.PR.C FixedReset Ins Non -1.43 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 18.60
Bid-YTW : 7.81 %
PWF.PR.S Perpetual-Discount -1.41 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-01-24
Maturity Price : 20.95
Evaluated at bid price : 20.95
Bid-YTW : 5.76 %
VNR.PR.A FixedReset Disc -1.35 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-01-24
Maturity Price : 21.59
Evaluated at bid price : 21.85
Bid-YTW : 5.45 %
CM.PR.R FixedReset Disc -1.34 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-01-24
Maturity Price : 22.26
Evaluated at bid price : 22.80
Bid-YTW : 5.63 %
BAM.PR.R FixedReset Disc -1.33 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-01-24
Maturity Price : 17.02
Evaluated at bid price : 17.02
Bid-YTW : 6.05 %
MFC.PR.M FixedReset Ins Non -1.33 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 18.55
Bid-YTW : 7.93 %
NA.PR.S FixedReset Disc -1.26 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-01-24
Maturity Price : 18.76
Evaluated at bid price : 18.76
Bid-YTW : 5.83 %
MFC.PR.G FixedReset Ins Non -1.22 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 20.25
Bid-YTW : 7.16 %
GRP.PR.A SplitShare -1.18 % YTW SCENARIO
Maturity Type : Call
Maturity Date : 2019-02-23
Maturity Price : 25.00
Evaluated at bid price : 25.11
Bid-YTW : 2.77 %
MFC.PR.N FixedReset Ins Non -1.15 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 18.05
Bid-YTW : 8.17 %
EMA.PR.F FixedReset Disc -1.04 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-01-24
Maturity Price : 20.05
Evaluated at bid price : 20.05
Bid-YTW : 5.81 %
CM.PR.S FixedReset Disc -1.02 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-01-24
Maturity Price : 20.35
Evaluated at bid price : 20.35
Bid-YTW : 5.48 %
SLF.PR.H FixedReset Ins Non -1.02 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 17.51
Bid-YTW : 7.93 %
BAM.PR.M Perpetual-Discount 1.00 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-01-24
Maturity Price : 20.20
Evaluated at bid price : 20.20
Bid-YTW : 5.95 %
PWF.PR.T FixedReset Disc 1.05 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-01-24
Maturity Price : 19.20
Evaluated at bid price : 19.20
Bid-YTW : 5.67 %
BMO.PR.Y FixedReset Disc 1.17 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-01-24
Maturity Price : 21.35
Evaluated at bid price : 21.65
Bid-YTW : 5.37 %
BAM.PR.B Floater 1.25 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-01-24
Maturity Price : 12.93
Evaluated at bid price : 12.93
Bid-YTW : 5.40 %
CCS.PR.C Deemed-Retractible 1.35 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 22.56
Bid-YTW : 6.32 %
MFC.PR.R FixedReset Ins Non 1.40 % YTW SCENARIO
Maturity Type : Call
Maturity Date : 2022-03-19
Maturity Price : 25.00
Evaluated at bid price : 24.59
Bid-YTW : 5.63 %
IFC.PR.F Deemed-Retractible 1.44 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 23.18
Bid-YTW : 6.31 %
CU.PR.E Perpetual-Discount 1.56 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-01-24
Maturity Price : 21.86
Evaluated at bid price : 22.10
Bid-YTW : 5.63 %
BAM.PF.I FixedReset Prem 1.87 % YTW SCENARIO
Maturity Type : Call
Maturity Date : 2022-03-31
Maturity Price : 25.00
Evaluated at bid price : 25.02
Bid-YTW : 4.91 %
HSE.PR.G FixedReset Disc 1.98 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-01-24
Maturity Price : 20.65
Evaluated at bid price : 20.65
Bid-YTW : 6.62 %
HSE.PR.E FixedReset Disc 2.06 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-01-24
Maturity Price : 20.78
Evaluated at bid price : 20.78
Bid-YTW : 6.63 %
HSE.PR.C FixedReset Disc 2.08 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-01-24
Maturity Price : 19.15
Evaluated at bid price : 19.15
Bid-YTW : 6.68 %
Volume Highlights
Issue Index Shares
Traded		 Notes
RY.PR.L FixedReset Bank Non 566,200 YTW SCENARIO
Maturity Type : Call
Maturity Date : 2019-02-24
Maturity Price : 25.00
Evaluated at bid price : 24.96
Bid-YTW : 1.90 %
BMO.PR.B FixedReset Prem 231,600 YTW SCENARIO
Maturity Type : Call
Maturity Date : 2022-02-25
Maturity Price : 25.00
Evaluated at bid price : 25.53
Bid-YTW : 4.41 %
RY.PR.Q FixedReset Prem 204,686 YTW SCENARIO
Maturity Type : Call
Maturity Date : 2021-05-24
Maturity Price : 25.00
Evaluated at bid price : 25.52
Bid-YTW : 4.37 %
TD.PF.H FixedReset Prem 156,990 YTW SCENARIO
Maturity Type : Call
Maturity Date : 2021-10-31
Maturity Price : 25.00
Evaluated at bid price : 25.11
Bid-YTW : 4.67 %
CM.PR.T FixedReset Disc 103,646 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-01-24
Maturity Price : 23.04
Evaluated at bid price : 24.70
Bid-YTW : 5.26 %
TRP.PR.K FixedReset Disc 76,233 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-01-24
Maturity Price : 23.03
Evaluated at bid price : 24.23
Bid-YTW : 5.84 %
There were 43 other index-included issues trading in excess of 10,000 shares.
Wide Spread Highlights
Issue Index Quote Data and Yield Notes
TD.PF.D FixedReset Disc Quote: 19.03 – 21.70
Spot Rate : 2.6700
Average : 1.5085

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-01-24
Maturity Price : 19.03
Evaluated at bid price : 19.03
Bid-YTW : 6.14 %
MFC.PR.K FixedReset Ins Non Quote: 17.10 – 19.26
Spot Rate : 2.1600
Average : 1.4424

YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 17.10
Bid-YTW : 8.99 %
TRP.PR.G FixedReset Disc Quote: 20.00 – 21.50
Spot Rate : 1.5000
Average : 0.8940

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-01-24
Maturity Price : 20.00
Evaluated at bid price : 20.00
Bid-YTW : 6.09 %
TD.PF.J FixedReset Disc Quote: 21.10 – 22.50
Spot Rate : 1.4000
Average : 0.8594

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-01-24
Maturity Price : 21.10
Evaluated at bid price : 21.10
Bid-YTW : 5.56 %
TD.PF.E FixedReset Disc Quote: 20.76 – 22.01
Spot Rate : 1.2500
Average : 0.7975

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-01-24
Maturity Price : 20.76
Evaluated at bid price : 20.76
Bid-YTW : 5.71 %
TD.PF.A FixedReset Disc Quote: 19.02 – 20.07
Spot Rate : 1.0500
Average : 0.6744

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-01-24
Maturity Price : 19.02
Evaluated at bid price : 19.02
Bid-YTW : 5.54 %
Market Action

December 31, 2018

rainbow_unicorn_181231
Click for Big

TXPR closed at 628.87, up an impressive 1.45% on the day. Volume of 1.45-million was the lowest of the past thirty days.

CPD closed at 12.53, up 1.54% on the day. Volume of 94,041 was the lowest of the past thirty days.

ZPR closed at 10.17, up 3.19% on the day. Volume of 323,170 was more or less average in the context of the past thirty days.

It was a marvellous finish to the year, but the TXPR Total Return Index is still down 1.58% on the month and a very nasty 10.01% on the quarter.

But here’s to better things next year!

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 2.0490 % 2,465.3
FixedFloater 0.00 % 0.00 % 0 0.00 0 2.0490 % 4,523.7
Floater 4.75 % 4.95 % 43,872 15.58 4 2.0490 % 2,607.0
OpRet 0.00 % 0.00 % 0 0.00 0 0.8928 % 3,171.6
SplitShare 4.64 % 5.27 % 92,185 4.56 7 0.8928 % 3,787.6
Interest-Bearing 0.00 % 0.00 % 0 0.00 0 0.8928 % 2,955.2
Perpetual-Premium 5.60 % 2.11 % 152,263 0.08 2 0.8230 % 2,855.9
Perpetual-Discount 5.70 % 5.88 % 74,546 14.09 33 2.1640 % 2,912.3
FixedReset Disc 5.07 % 5.54 % 214,755 14.61 66 2.7765 % 2,217.9
Deemed-Retractible 5.44 % 6.48 % 92,817 8.20 27 2.1118 % 2,907.9
FloatingReset 4.13 % 4.77 % 44,883 2.95 7 1.6928 % 2,457.6
FixedReset Prem 5.19 % 4.68 % 282,906 2.24 14 -0.3790 % 2,506.0
FixedReset Bank Non 2.98 % 3.78 % 138,886 0.15 6 0.2768 % 2,574.4
FixedReset Ins Non 5.05 % 6.96 % 149,266 8.35 22 2.3060 % 2,204.8
Performance Highlights
Issue Index Change Notes
MFC.PR.N FixedReset Ins Non -2.17 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 18.00
Bid-YTW : 8.06 %
BAM.PR.K Floater -1.74 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-31
Maturity Price : 12.97
Evaluated at bid price : 12.97
Bid-YTW : 5.35 %
BNS.PR.E FixedReset Prem -1.56 % YTW SCENARIO
Maturity Type : Call
Maturity Date : 2021-04-25
Maturity Price : 25.00
Evaluated at bid price : 25.25
Bid-YTW : 4.88 %
TRP.PR.J FixedReset Prem -1.21 % YTW SCENARIO
Maturity Type : Call
Maturity Date : 2021-05-31
Maturity Price : 25.00
Evaluated at bid price : 25.35
Bid-YTW : 5.11 %
MFC.PR.M FixedReset Ins Non -1.19 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 18.24
Bid-YTW : 7.99 %
RY.PR.Q FixedReset Prem -1.12 % YTW SCENARIO
Maturity Type : Call
Maturity Date : 2021-05-24
Maturity Price : 25.00
Evaluated at bid price : 25.61
Bid-YTW : 4.68 %
RY.PR.M FixedReset Disc 1.01 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-31
Maturity Price : 21.01
Evaluated at bid price : 21.01
Bid-YTW : 5.30 %
IFC.PR.A FixedReset Ins Non 1.07 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 16.00
Bid-YTW : 8.66 %
HSE.PR.A FixedReset Disc 1.14 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-31
Maturity Price : 13.30
Evaluated at bid price : 13.30
Bid-YTW : 6.51 %
TD.PF.I FixedReset Disc 1.14 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-31
Maturity Price : 21.77
Evaluated at bid price : 22.11
Bid-YTW : 5.51 %
TD.PF.E FixedReset Disc 1.17 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-31
Maturity Price : 21.27
Evaluated at bid price : 21.55
Bid-YTW : 5.45 %
BAM.PF.I FixedReset Disc 1.19 % YTW SCENARIO
Maturity Type : Call
Maturity Date : 2022-03-31
Maturity Price : 25.00
Evaluated at bid price : 25.50
Bid-YTW : 4.16 %
RY.PR.N Perpetual-Discount 1.22 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-31
Maturity Price : 22.83
Evaluated at bid price : 23.18
Bid-YTW : 5.33 %
BMO.PR.W FixedReset Disc 1.22 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-31
Maturity Price : 19.03
Evaluated at bid price : 19.03
Bid-YTW : 5.44 %
CU.PR.D Perpetual-Discount 1.25 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-31
Maturity Price : 21.82
Evaluated at bid price : 21.82
Bid-YTW : 5.69 %
PWF.PR.S Perpetual-Discount 1.31 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-31
Maturity Price : 20.83
Evaluated at bid price : 20.83
Bid-YTW : 5.87 %
RY.PR.W Perpetual-Discount 1.35 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-31
Maturity Price : 23.83
Evaluated at bid price : 24.08
Bid-YTW : 5.14 %
BIP.PR.F FixedReset Disc 1.36 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-31
Maturity Price : 21.85
Evaluated at bid price : 22.30
Bid-YTW : 5.73 %
TD.PF.A FixedReset Disc 1.37 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-31
Maturity Price : 19.25
Evaluated at bid price : 19.25
Bid-YTW : 5.43 %
W.PR.J Perpetual-Discount 1.43 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-31
Maturity Price : 23.84
Evaluated at bid price : 24.09
Bid-YTW : 5.83 %
EMA.PR.H FixedReset Disc 1.45 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-31
Maturity Price : 23.03
Evaluated at bid price : 24.55
Bid-YTW : 4.97 %
POW.PR.C Perpetual-Discount 1.48 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-31
Maturity Price : 24.34
Evaluated at bid price : 24.65
Bid-YTW : 5.89 %
GWO.PR.F Deemed-Retractible 1.50 % YTW SCENARIO
Maturity Type : Call
Maturity Date : 2019-01-30
Maturity Price : 25.00
Evaluated at bid price : 25.02
Bid-YTW : 4.97 %
SLF.PR.I FixedReset Ins Non 1.53 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 19.95
Bid-YTW : 7.04 %
W.PR.H Perpetual-Discount 1.56 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-31
Maturity Price : 23.72
Evaluated at bid price : 24.03
Bid-YTW : 5.73 %
PWF.PR.I Perpetual-Premium 1.60 % YTW SCENARIO
Maturity Type : Call
Maturity Date : 2019-01-30
Maturity Price : 25.00
Evaluated at bid price : 25.33
Bid-YTW : 2.11 %
TD.PF.K FixedReset Disc 1.62 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-31
Maturity Price : 21.65
Evaluated at bid price : 22.00
Bid-YTW : 5.28 %
BIP.PR.A FixedReset Disc 1.65 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-31
Maturity Price : 20.33
Evaluated at bid price : 20.33
Bid-YTW : 6.64 %
MFC.PR.C Deemed-Retractible 1.70 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 19.69
Bid-YTW : 7.40 %
BMO.PR.D FixedReset Disc 1.71 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-31
Maturity Price : 21.71
Evaluated at bid price : 22.00
Bid-YTW : 5.64 %
IAG.PR.A Deemed-Retractible 1.83 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 20.64
Bid-YTW : 6.92 %
GWO.PR.M Deemed-Retractible 1.85 % YTW SCENARIO
Maturity Type : Call
Maturity Date : 2019-03-31
Maturity Price : 25.00
Evaluated at bid price : 25.30
Bid-YTW : 0.92 %
MFC.PR.G FixedReset Ins Non 1.90 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 19.88
Bid-YTW : 7.27 %
RY.PR.H FixedReset Disc 2.04 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-31
Maturity Price : 19.55
Evaluated at bid price : 19.55
Bid-YTW : 5.35 %
IFC.PR.E Deemed-Retractible 2.05 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 22.45
Bid-YTW : 6.55 %
TRP.PR.G FixedReset Disc 2.08 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-31
Maturity Price : 20.13
Evaluated at bid price : 20.13
Bid-YTW : 5.94 %
TRP.PR.D FixedReset Disc 2.11 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-31
Maturity Price : 18.35
Evaluated at bid price : 18.35
Bid-YTW : 5.81 %
GWO.PR.H Deemed-Retractible 2.14 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 20.98
Bid-YTW : 7.00 %
RY.PR.S FixedReset Disc 2.15 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-31
Maturity Price : 21.84
Evaluated at bid price : 22.30
Bid-YTW : 5.00 %
MFC.PR.R FixedReset Ins Non 2.16 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 24.13
Bid-YTW : 5.91 %
GWO.PR.P Deemed-Retractible 2.19 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 23.31
Bid-YTW : 6.30 %
PVS.PR.G SplitShare 2.20 % YTW SCENARIO
Maturity Type : Option Certainty
Maturity Date : 2026-02-28
Maturity Price : 25.00
Evaluated at bid price : 24.17
Bid-YTW : 5.57 %
PWF.PR.Q FloatingReset 2.27 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-31
Maturity Price : 15.33
Evaluated at bid price : 15.33
Bid-YTW : 5.38 %
SLF.PR.C Deemed-Retractible 2.29 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 20.10
Bid-YTW : 7.07 %
CU.PR.F Perpetual-Discount 2.31 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-31
Maturity Price : 19.95
Evaluated at bid price : 19.95
Bid-YTW : 5.71 %
PVS.PR.F SplitShare 2.32 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2024-09-30
Maturity Price : 25.00
Evaluated at bid price : 24.75
Bid-YTW : 5.10 %
NA.PR.W FixedReset Disc 2.32 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-31
Maturity Price : 18.52
Evaluated at bid price : 18.52
Bid-YTW : 5.64 %
PWF.PR.R Perpetual-Discount 2.33 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-31
Maturity Price : 23.43
Evaluated at bid price : 23.75
Bid-YTW : 5.88 %
SLF.PR.A Deemed-Retractible 2.33 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 21.08
Bid-YTW : 6.83 %
MFC.PR.K FixedReset Ins Non 2.34 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 19.26
Bid-YTW : 7.39 %
SLF.PR.B Deemed-Retractible 2.34 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 21.39
Bid-YTW : 6.71 %
BMO.PR.T FixedReset Disc 2.36 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-31
Maturity Price : 19.11
Evaluated at bid price : 19.11
Bid-YTW : 5.45 %
CU.PR.E Perpetual-Discount 2.37 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-31
Maturity Price : 21.60
Evaluated at bid price : 21.60
Bid-YTW : 5.75 %
BMO.PR.E FixedReset Disc 2.37 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-31
Maturity Price : 21.93
Evaluated at bid price : 22.42
Bid-YTW : 5.28 %
GWO.PR.L Deemed-Retractible 2.38 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 24.50
Bid-YTW : 5.94 %
TD.PF.C FixedReset Disc 2.39 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-31
Maturity Price : 19.25
Evaluated at bid price : 19.25
Bid-YTW : 5.43 %
BAM.PF.D Perpetual-Discount 2.40 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-31
Maturity Price : 20.92
Evaluated at bid price : 20.92
Bid-YTW : 5.90 %
MFC.PR.B Deemed-Retractible 2.42 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 20.31
Bid-YTW : 7.20 %
BAM.PF.C Perpetual-Discount 2.44 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-31
Maturity Price : 20.60
Evaluated at bid price : 20.60
Bid-YTW : 5.93 %
CU.PR.H Perpetual-Discount 2.46 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-31
Maturity Price : 23.74
Evaluated at bid price : 24.20
Bid-YTW : 5.47 %
TD.PF.B FixedReset Disc 2.47 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-31
Maturity Price : 19.53
Evaluated at bid price : 19.53
Bid-YTW : 5.39 %
IFC.PR.F Deemed-Retractible 2.47 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 22.85
Bid-YTW : 6.44 %
BAM.PF.A FixedReset Disc 2.47 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-31
Maturity Price : 21.56
Evaluated at bid price : 21.56
Bid-YTW : 5.67 %
BAM.PF.J FixedReset Disc 2.53 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-31
Maturity Price : 23.01
Evaluated at bid price : 24.35
Bid-YTW : 5.01 %
POW.PR.A Perpetual-Discount 2.54 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-31
Maturity Price : 23.53
Evaluated at bid price : 23.80
Bid-YTW : 5.90 %
CCS.PR.C Deemed-Retractible 2.63 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 22.99
Bid-YTW : 6.04 %
BAM.PR.N Perpetual-Discount 2.64 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-31
Maturity Price : 20.20
Evaluated at bid price : 20.20
Bid-YTW : 5.92 %
TRP.PR.K FixedReset Disc 2.67 % YTW SCENARIO
Maturity Type : Call
Maturity Date : 2022-05-31
Maturity Price : 25.00
Evaluated at bid price : 24.65
Bid-YTW : 5.52 %
MFC.PR.J FixedReset Ins Non 2.72 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 20.76
Bid-YTW : 6.87 %
MFC.PR.H FixedReset Ins Non 2.73 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 21.83
Bid-YTW : 6.44 %
GWO.PR.Q Deemed-Retractible 2.76 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 22.35
Bid-YTW : 6.55 %
PWF.PR.P FixedReset Disc 2.76 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-31
Maturity Price : 14.90
Evaluated at bid price : 14.90
Bid-YTW : 5.68 %
TD.PF.D FixedReset Disc 2.82 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-31
Maturity Price : 21.13
Evaluated at bid price : 21.13
Bid-YTW : 5.50 %
PWF.PR.G Perpetual-Discount 2.92 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-31
Maturity Price : 24.85
Evaluated at bid price : 25.06
Bid-YTW : 5.99 %
CU.PR.C FixedReset Disc 2.96 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-31
Maturity Price : 18.44
Evaluated at bid price : 18.44
Bid-YTW : 5.63 %
TRP.PR.F FloatingReset 2.96 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-31
Maturity Price : 16.35
Evaluated at bid price : 16.35
Bid-YTW : 5.48 %
PWF.PR.L Perpetual-Discount 2.98 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-31
Maturity Price : 21.49
Evaluated at bid price : 21.75
Bid-YTW : 5.96 %
PWF.PR.T FixedReset Disc 3.02 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-31
Maturity Price : 19.11
Evaluated at bid price : 19.11
Bid-YTW : 5.66 %
PWF.PR.Z Perpetual-Discount 3.02 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-31
Maturity Price : 21.84
Evaluated at bid price : 22.15
Bid-YTW : 5.91 %
SLF.PR.J FloatingReset 3.06 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 15.14
Bid-YTW : 8.69 %
POW.PR.G Perpetual-Discount 3.10 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-31
Maturity Price : 23.78
Evaluated at bid price : 24.28
Bid-YTW : 5.77 %
PWF.PR.O Perpetual-Discount 3.11 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-31
Maturity Price : 24.64
Evaluated at bid price : 24.90
Bid-YTW : 5.92 %
PWF.PR.K Perpetual-Discount 3.11 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-31
Maturity Price : 21.20
Evaluated at bid price : 21.20
Bid-YTW : 5.95 %
BAM.PR.M Perpetual-Discount 3.13 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-31
Maturity Price : 20.07
Evaluated at bid price : 20.07
Bid-YTW : 5.96 %
TRP.PR.B FixedReset Disc 3.15 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-31
Maturity Price : 13.43
Evaluated at bid price : 13.43
Bid-YTW : 5.76 %
CM.PR.S FixedReset Disc 3.19 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-31
Maturity Price : 21.00
Evaluated at bid price : 21.00
Bid-YTW : 5.21 %
BMO.PR.Y FixedReset Disc 3.22 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-31
Maturity Price : 21.18
Evaluated at bid price : 21.18
Bid-YTW : 5.40 %
MFC.PR.F FixedReset Ins Non 3.23 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 14.69
Bid-YTW : 8.95 %
GWO.PR.T Deemed-Retractible 3.23 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 22.35
Bid-YTW : 6.55 %
GWO.PR.G Deemed-Retractible 3.25 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 22.58
Bid-YTW : 6.48 %
SLF.PR.D Deemed-Retractible 3.33 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 20.15
Bid-YTW : 7.04 %
CM.PR.Q FixedReset Disc 3.33 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-31
Maturity Price : 20.46
Evaluated at bid price : 20.46
Bid-YTW : 5.58 %
VNR.PR.A FixedReset Disc 3.41 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-31
Maturity Price : 21.20
Evaluated at bid price : 21.20
Bid-YTW : 5.63 %
CU.PR.G Perpetual-Discount 3.45 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-31
Maturity Price : 20.11
Evaluated at bid price : 20.11
Bid-YTW : 5.67 %
GWO.PR.S Deemed-Retractible 3.47 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 23.26
Bid-YTW : 6.17 %
TD.PF.J FixedReset Disc 3.49 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-31
Maturity Price : 21.84
Evaluated at bid price : 22.25
Bid-YTW : 5.24 %
GWO.PR.I Deemed-Retractible 3.49 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 19.86
Bid-YTW : 7.27 %
MFC.PR.Q FixedReset Ins Non 3.53 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 20.84
Bid-YTW : 6.78 %
PWF.PR.F Perpetual-Discount 3.62 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-31
Maturity Price : 22.38
Evaluated at bid price : 22.64
Bid-YTW : 5.89 %
BMO.PR.S FixedReset Disc 3.63 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-31
Maturity Price : 19.72
Evaluated at bid price : 19.72
Bid-YTW : 5.40 %
HSE.PR.G FixedReset Disc 3.82 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-31
Maturity Price : 20.39
Evaluated at bid price : 20.39
Bid-YTW : 6.58 %
GWO.PR.R Deemed-Retractible 3.82 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 21.45
Bid-YTW : 6.67 %
NA.PR.G FixedReset Disc 3.85 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-31
Maturity Price : 21.54
Evaluated at bid price : 21.86
Bid-YTW : 5.48 %
POW.PR.B Perpetual-Discount 3.87 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-31
Maturity Price : 22.55
Evaluated at bid price : 22.80
Bid-YTW : 5.88 %
SLF.PR.E Deemed-Retractible 3.99 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 20.06
Bid-YTW : 7.15 %
RY.PR.Z FixedReset Disc 4.05 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-31
Maturity Price : 19.77
Evaluated at bid price : 19.77
Bid-YTW : 5.24 %
BAM.PR.C Floater 4.09 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-31
Maturity Price : 14.00
Evaluated at bid price : 14.00
Bid-YTW : 4.95 %
POW.PR.D Perpetual-Discount 4.11 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-31
Maturity Price : 21.28
Evaluated at bid price : 21.55
Bid-YTW : 5.81 %
IAG.PR.G FixedReset Ins Non 4.11 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 20.50
Bid-YTW : 6.74 %
IAG.PR.I FixedReset Ins Non 4.29 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 21.90
Bid-YTW : 6.32 %
SLF.PR.G FixedReset Ins Non 4.39 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 15.21
Bid-YTW : 8.74 %
NA.PR.S FixedReset Disc 4.42 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-31
Maturity Price : 19.60
Evaluated at bid price : 19.60
Bid-YTW : 5.54 %
TRP.PR.A FixedReset Disc 4.55 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-31
Maturity Price : 16.56
Evaluated at bid price : 16.56
Bid-YTW : 5.73 %
BAM.PR.T FixedReset Disc 4.85 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-31
Maturity Price : 17.95
Evaluated at bid price : 17.95
Bid-YTW : 5.68 %
TRP.PR.C FixedReset Disc 4.96 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-31
Maturity Price : 14.18
Evaluated at bid price : 14.18
Bid-YTW : 5.80 %
BAM.PF.E FixedReset Disc 5.05 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-31
Maturity Price : 19.55
Evaluated at bid price : 19.55
Bid-YTW : 5.70 %
NA.PR.C FixedReset Disc 5.23 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-31
Maturity Price : 21.80
Evaluated at bid price : 22.15
Bid-YTW : 5.84 %
EMA.PR.F FixedReset Disc 5.28 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-31
Maturity Price : 19.35
Evaluated at bid price : 19.35
Bid-YTW : 5.89 %
BAM.PR.B Floater 5.30 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-31
Maturity Price : 13.90
Evaluated at bid price : 13.90
Bid-YTW : 4.99 %
BAM.PR.Z FixedReset Disc 5.52 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-31
Maturity Price : 21.68
Evaluated at bid price : 22.00
Bid-YTW : 5.48 %
GWO.PR.N FixedReset Ins Non 5.55 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 14.83
Bid-YTW : 8.80 %
HSE.PR.E FixedReset Disc 5.58 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-31
Maturity Price : 20.42
Evaluated at bid price : 20.42
Bid-YTW : 6.62 %
BAM.PR.R FixedReset Disc 5.75 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-31
Maturity Price : 17.85
Evaluated at bid price : 17.85
Bid-YTW : 5.65 %
BAM.PF.F FixedReset Disc 6.00 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-31
Maturity Price : 20.85
Evaluated at bid price : 20.85
Bid-YTW : 5.71 %
NA.PR.E FixedReset Disc 6.03 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-31
Maturity Price : 21.10
Evaluated at bid price : 21.10
Bid-YTW : 5.41 %
BAM.PF.B FixedReset Disc 6.06 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-31
Maturity Price : 20.64
Evaluated at bid price : 20.64
Bid-YTW : 5.50 %
BNS.PR.I FixedReset Disc 6.08 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-31
Maturity Price : 21.87
Evaluated at bid price : 22.34
Bid-YTW : 4.97 %
TRP.PR.H FloatingReset 6.16 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-31
Maturity Price : 13.61
Evaluated at bid price : 13.61
Bid-YTW : 5.40 %
PWF.PR.E Perpetual-Discount 6.23 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-31
Maturity Price : 23.40
Evaluated at bid price : 23.69
Bid-YTW : 5.90 %
BAM.PR.X FixedReset Disc 7.03 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-31
Maturity Price : 15.98
Evaluated at bid price : 15.98
Bid-YTW : 5.49 %
IFC.PR.C FixedReset Ins Non 7.34 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 19.00
Bid-YTW : 7.42 %
BAM.PF.G FixedReset Disc 7.44 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-31
Maturity Price : 20.95
Evaluated at bid price : 20.95
Bid-YTW : 5.65 %
IFC.PR.G FixedReset Ins Non 8.42 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 21.25
Bid-YTW : 6.62 %
HSE.PR.C FixedReset Disc 9.24 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-31
Maturity Price : 19.75
Evaluated at bid price : 19.75
Bid-YTW : 6.35 %
Volume Highlights
Issue Index Shares
Traded		 Notes
BNS.PR.R FixedReset Bank Non 92,100 YTW SCENARIO
Maturity Type : Call
Maturity Date : 2019-02-25
Maturity Price : 25.00
Evaluated at bid price : 24.96
Bid-YTW : 3.05 %
BNS.PR.I FixedReset Disc 42,900 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-31
Maturity Price : 21.87
Evaluated at bid price : 22.34
Bid-YTW : 4.97 %
BNS.PR.C FloatingReset 30,400 YTW SCENARIO
Maturity Type : Call
Maturity Date : 2019-02-25
Maturity Price : 25.00
Evaluated at bid price : 24.95
Bid-YTW : 1.31 %
TD.PF.A FixedReset Disc 30,198 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-31
Maturity Price : 19.25
Evaluated at bid price : 19.25
Bid-YTW : 5.43 %
GWO.PR.I Deemed-Retractible 26,242 YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 19.86
Bid-YTW : 7.27 %
TD.PF.C FixedReset Disc 21,498 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-31
Maturity Price : 19.25
Evaluated at bid price : 19.25
Bid-YTW : 5.43 %
There were 32 other index-included issues trading in excess of 10,000 shares.
Wide Spread Highlights
Issue Index Quote Data and Yield Notes
IFC.PR.A FixedReset Ins Non Quote: 16.00 – 17.05
Spot Rate : 1.0500
Average : 0.6600

YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 16.00
Bid-YTW : 8.66 %
IFC.PR.C FixedReset Ins Non Quote: 19.00 – 19.90
Spot Rate : 0.9000
Average : 0.5539

YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 19.00
Bid-YTW : 7.42 %
BAM.PR.K Floater Quote: 12.97 – 14.24
Spot Rate : 1.2700
Average : 1.0175

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-31
Maturity Price : 12.97
Evaluated at bid price : 12.97
Bid-YTW : 5.35 %
SLF.PR.H FixedReset Ins Non Quote: 17.59 – 18.44
Spot Rate : 0.8500
Average : 0.6005

YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 17.59
Bid-YTW : 7.74 %
BIP.PR.E FixedReset Disc Quote: 22.00 – 22.75
Spot Rate : 0.7500
Average : 0.5035

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-31
Maturity Price : 21.67
Evaluated at bid price : 22.00
Bid-YTW : 5.70 %
BAM.PF.A FixedReset Disc Quote: 21.56 – 22.26
Spot Rate : 0.7000
Average : 0.4844

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-31
Maturity Price : 21.56
Evaluated at bid price : 21.56
Bid-YTW : 5.67 %
Market Action

December 28, 2018

rainbow_unicorn_181228
Click for Big

TXPR closed at 619.90, up a stunning 3.15% on the day on the first day following tax-loss selling season. Volume of 1.46-million was the lowest of the past thirty days.

CPD closed at 12.34, up 2.15% on the day. Volume of 159,992 was fourth-lowest of the past thirty days.

ZPR closed at 10.04, up 3.19% on the day. Volume of 236,190 was the fourth-lowest of the past thirty days.

A very nice day, but without much volume. Those inclined to read too much into a single day’s returns should note that today’s win still leaves the TXPR total return index below the level of December 17 and is still down 3.02% on the month.

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 3.1617 % 2,415.8
FixedFloater 0.00 % 0.00 % 0 0.00 0 3.1617 % 4,432.8
Floater 4.84 % 5.15 % 44,502 15.24 4 3.1617 % 2,554.7
OpRet 0.00 % 0.00 % 0 0.00 0 -0.0294 % 3,143.5
SplitShare 4.68 % 5.38 % 93,228 4.56 7 -0.0294 % 3,754.1
Interest-Bearing 0.00 % 0.00 % 0 0.00 0 -0.0294 % 2,929.1
Perpetual-Premium 5.65 % 6.12 % 154,203 13.63 2 1.5698 % 2,832.6
Perpetual-Discount 5.82 % 5.98 % 73,953 13.92 33 2.5381 % 2,850.6
FixedReset Disc 5.21 % 5.77 % 217,913 14.32 66 4.0413 % 2,158.0
Deemed-Retractible 5.56 % 6.80 % 93,957 8.16 27 2.5729 % 2,847.8
FloatingReset 4.21 % 4.89 % 41,557 2.93 7 2.3066 % 2,416.7
FixedReset Prem 5.16 % 4.40 % 285,457 2.25 14 0.7636 % 2,515.5
FixedReset Bank Non 2.98 % 3.74 % 143,474 0.16 6 0.4981 % 2,567.3
FixedReset Ins Non 5.16 % 7.27 % 150,369 8.32 22 3.5816 % 2,155.1
Performance Highlights
Issue Index Change Notes
BNS.PR.E FixedReset Prem 1.17 % YTW SCENARIO
Maturity Type : Call
Maturity Date : 2021-04-25
Maturity Price : 25.00
Evaluated at bid price : 26.00
Bid-YTW : 4.12 %
BNS.PR.G FixedReset Prem 1.17 % YTW SCENARIO
Maturity Type : Call
Maturity Date : 2021-07-25
Maturity Price : 25.00
Evaluated at bid price : 25.92
Bid-YTW : 4.39 %
BAM.PF.I FixedReset Disc 1.20 % YTW SCENARIO
Maturity Type : Call
Maturity Date : 2022-03-31
Maturity Price : 25.00
Evaluated at bid price : 25.20
Bid-YTW : 4.54 %
RY.PR.O Perpetual-Discount 1.23 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 22.76
Evaluated at bid price : 23.10
Bid-YTW : 5.35 %
CM.PR.R FixedReset Disc 1.28 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 21.77
Evaluated at bid price : 22.08
Bid-YTW : 5.79 %
PWF.PR.E Perpetual-Discount 1.32 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 22.07
Evaluated at bid price : 22.30
Bid-YTW : 6.27 %
BNS.PR.Z FixedReset Bank Non 1.39 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2022-01-31
Maturity Price : 25.00
Evaluated at bid price : 23.32
Bid-YTW : 4.95 %
PWF.PR.L Perpetual-Discount 1.39 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 21.12
Evaluated at bid price : 21.12
Bid-YTW : 6.15 %
NA.PR.X FixedReset Prem 1.41 % YTW SCENARIO
Maturity Type : Call
Maturity Date : 2021-05-15
Maturity Price : 25.00
Evaluated at bid price : 25.85
Bid-YTW : 4.40 %
BAM.PR.K Floater 1.54 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 13.20
Evaluated at bid price : 13.20
Bid-YTW : 5.25 %
BAM.PR.B Floater 1.54 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 13.20
Evaluated at bid price : 13.20
Bid-YTW : 5.25 %
IFC.PR.G FixedReset Ins Non 1.55 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 19.60
Bid-YTW : 7.66 %
NA.PR.C FixedReset Disc 1.59 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 21.05
Evaluated at bid price : 21.05
Bid-YTW : 6.22 %
CU.PR.I FixedReset Disc 1.72 % YTW SCENARIO
Maturity Type : Call
Maturity Date : 2020-12-01
Maturity Price : 25.00
Evaluated at bid price : 25.95
Bid-YTW : 2.65 %
BIP.PR.C FixedReset Disc 1.81 % YTW SCENARIO
Maturity Type : Call
Maturity Date : 2021-09-30
Maturity Price : 25.00
Evaluated at bid price : 24.75
Bid-YTW : 5.77 %
IAG.PR.I FixedReset Ins Non 1.84 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 21.00
Bid-YTW : 6.87 %
GWO.PR.F Deemed-Retractible 1.86 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 24.65
Bid-YTW : 6.11 %
W.PR.J Perpetual-Discount 1.86 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 23.48
Evaluated at bid price : 23.75
Bid-YTW : 5.90 %
POW.PR.D Perpetual-Discount 1.92 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 20.70
Evaluated at bid price : 20.70
Bid-YTW : 6.06 %
TRP.PR.J FixedReset Prem 2.03 % YTW SCENARIO
Maturity Type : Call
Maturity Date : 2021-05-31
Maturity Price : 25.00
Evaluated at bid price : 25.66
Bid-YTW : 4.55 %
BMO.PR.Z Perpetual-Discount 2.05 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 24.36
Evaluated at bid price : 24.85
Bid-YTW : 5.06 %
POW.PR.C Perpetual-Discount 2.06 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 24.04
Evaluated at bid price : 24.29
Bid-YTW : 5.98 %
CU.PR.F Perpetual-Discount 2.09 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 19.50
Evaluated at bid price : 19.50
Bid-YTW : 5.84 %
EML.PR.A FixedReset Ins Non 2.19 % YTW SCENARIO
Maturity Type : Call
Maturity Date : 2021-04-17
Maturity Price : 25.00
Evaluated at bid price : 26.17
Bid-YTW : 3.50 %
PWF.PR.F Perpetual-Discount 2.20 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 21.59
Evaluated at bid price : 21.85
Bid-YTW : 6.11 %
SLF.PR.G FixedReset Ins Non 2.25 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 14.57
Bid-YTW : 9.32 %
GWO.PR.I Deemed-Retractible 2.29 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 19.19
Bid-YTW : 7.69 %
MFC.PR.R FixedReset Ins Non 2.30 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 23.62
Bid-YTW : 6.21 %
TRP.PR.H FloatingReset 2.31 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 12.82
Evaluated at bid price : 12.82
Bid-YTW : 5.77 %
BIP.PR.E FixedReset Disc 2.33 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 21.67
Evaluated at bid price : 22.00
Bid-YTW : 5.70 %
PWF.PR.T FixedReset Disc 2.37 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 18.55
Evaluated at bid price : 18.55
Bid-YTW : 5.93 %
GWO.PR.R Deemed-Retractible 2.38 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 20.66
Bid-YTW : 7.13 %
PWF.PR.Z Perpetual-Discount 2.38 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 21.50
Evaluated at bid price : 21.50
Bid-YTW : 6.10 %
PWF.PR.I Perpetual-Premium 2.38 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 24.67
Evaluated at bid price : 24.93
Bid-YTW : 6.12 %
BAM.PF.F FixedReset Disc 2.45 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 19.67
Evaluated at bid price : 19.67
Bid-YTW : 6.14 %
BAM.PF.A FixedReset Disc 2.53 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 21.04
Evaluated at bid price : 21.04
Bid-YTW : 5.87 %
GWO.PR.N FixedReset Ins Non 2.55 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 14.05
Bid-YTW : 9.50 %
BMO.PR.D FixedReset Disc 2.56 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 21.33
Evaluated at bid price : 21.63
Bid-YTW : 5.79 %
TD.PF.F Perpetual-Discount 2.56 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 23.57
Evaluated at bid price : 24.01
Bid-YTW : 5.16 %
SLF.PR.E Deemed-Retractible 2.61 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 19.29
Bid-YTW : 7.63 %
CU.PR.D Perpetual-Discount 2.62 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 21.55
Evaluated at bid price : 21.55
Bid-YTW : 5.76 %
EMA.PR.F FixedReset Disc 2.62 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 18.38
Evaluated at bid price : 18.38
Bid-YTW : 6.29 %
TD.PF.I FixedReset Disc 2.63 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 21.59
Evaluated at bid price : 21.86
Bid-YTW : 5.63 %
BNS.PR.I FixedReset Disc 2.63 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 21.43
Evaluated at bid price : 21.43
Bid-YTW : 5.40 %
PWF.PR.G Perpetual-Discount 2.74 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 24.09
Evaluated at bid price : 24.35
Bid-YTW : 6.16 %
SLF.PR.A Deemed-Retractible 2.74 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 20.60
Bid-YTW : 7.11 %
TD.PF.D FixedReset Disc 2.75 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 20.55
Evaluated at bid price : 20.55
Bid-YTW : 5.73 %
POW.PR.B Perpetual-Discount 2.76 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 21.70
Evaluated at bid price : 21.95
Bid-YTW : 6.11 %
PWF.PR.O Perpetual-Discount 2.77 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 23.91
Evaluated at bid price : 24.15
Bid-YTW : 6.11 %
BAM.PF.J FixedReset Disc 2.77 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 22.74
Evaluated at bid price : 23.75
Bid-YTW : 5.22 %
TD.PF.E FixedReset Disc 2.80 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 21.30
Evaluated at bid price : 21.30
Bid-YTW : 5.60 %
BAM.PR.X FixedReset Disc 2.89 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 14.93
Evaluated at bid price : 14.93
Bid-YTW : 5.96 %
CU.PR.E Perpetual-Discount 2.93 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 21.10
Evaluated at bid price : 21.10
Bid-YTW : 5.88 %
MFC.PR.M FixedReset Ins Non 3.01 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 18.46
Bid-YTW : 7.91 %
PWF.PR.H Perpetual-Discount 3.04 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 23.72
Evaluated at bid price : 24.03
Bid-YTW : 6.08 %
BAM.PF.E FixedReset Disc 3.05 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 18.61
Evaluated at bid price : 18.61
Bid-YTW : 6.08 %
BIP.PR.A FixedReset Disc 3.09 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 20.00
Evaluated at bid price : 20.00
Bid-YTW : 6.82 %
GWO.PR.H Deemed-Retractible 3.11 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 20.54
Bid-YTW : 7.26 %
GWO.PR.L Deemed-Retractible 3.15 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 23.93
Bid-YTW : 6.23 %
POW.PR.A Perpetual-Discount 3.16 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 22.93
Evaluated at bid price : 23.21
Bid-YTW : 6.04 %
SLF.PR.D Deemed-Retractible 3.17 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 19.50
Bid-YTW : 7.43 %
BAM.PF.G FixedReset Disc 3.17 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 19.50
Evaluated at bid price : 19.50
Bid-YTW : 6.15 %
BMO.PR.C FixedReset Disc 3.22 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 22.04
Evaluated at bid price : 22.45
Bid-YTW : 5.75 %
MFC.PR.N FixedReset Ins Non 3.25 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 18.40
Bid-YTW : 7.85 %
PWF.PR.K Perpetual-Discount 3.26 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 20.56
Evaluated at bid price : 20.56
Bid-YTW : 6.13 %
POW.PR.G Perpetual-Discount 3.29 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 23.08
Evaluated at bid price : 23.55
Bid-YTW : 5.94 %
CM.PR.Q FixedReset Disc 3.39 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 19.80
Evaluated at bid price : 19.80
Bid-YTW : 5.84 %
SLF.PR.I FixedReset Ins Non 3.42 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 19.65
Bid-YTW : 7.27 %
NA.PR.G FixedReset Disc 3.44 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 21.05
Evaluated at bid price : 21.05
Bid-YTW : 5.77 %
BAM.PR.M Perpetual-Discount 3.46 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 19.46
Evaluated at bid price : 19.46
Bid-YTW : 6.15 %
MFC.PR.B Deemed-Retractible 3.50 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 19.83
Bid-YTW : 7.49 %
BIP.PR.F FixedReset Disc 3.53 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 21.64
Evaluated at bid price : 22.00
Bid-YTW : 5.81 %
IFC.PR.F Deemed-Retractible 3.58 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 22.30
Bid-YTW : 6.74 %
PWF.PR.A Floater 3.60 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 17.25
Evaluated at bid price : 17.25
Bid-YTW : 4.05 %
PWF.PR.S Perpetual-Discount 3.84 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 20.56
Evaluated at bid price : 20.56
Bid-YTW : 5.95 %
ELF.PR.H Perpetual-Discount 3.88 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 23.12
Evaluated at bid price : 23.59
Bid-YTW : 5.82 %
SLF.PR.H FixedReset Ins Non 3.91 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 17.56
Bid-YTW : 7.82 %
MFC.PR.J FixedReset Ins Non 3.91 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 20.21
Bid-YTW : 7.24 %
MFC.PR.L FixedReset Ins Non 3.91 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 18.06
Bid-YTW : 7.97 %
GWO.PR.G Deemed-Retractible 4.04 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 21.87
Bid-YTW : 6.87 %
BAM.PF.B FixedReset Disc 4.06 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 19.46
Evaluated at bid price : 19.46
Bid-YTW : 5.92 %
EMA.PR.H FixedReset Disc 4.09 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 22.89
Evaluated at bid price : 24.20
Bid-YTW : 5.05 %
PWF.PR.P FixedReset Disc 4.09 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 14.50
Evaluated at bid price : 14.50
Bid-YTW : 5.94 %
CU.PR.C FixedReset Disc 4.13 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 17.91
Evaluated at bid price : 17.91
Bid-YTW : 5.87 %
SLF.PR.C Deemed-Retractible 4.13 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 19.65
Bid-YTW : 7.34 %
SLF.PR.J FloatingReset 4.18 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 14.69
Bid-YTW : 13.14 %

See comments for correction!
RY.PR.Z FixedReset Disc 4.22 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 19.00
Evaluated at bid price : 19.00
Bid-YTW : 5.54 %
BAM.PF.D Perpetual-Discount 4.23 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 20.43
Evaluated at bid price : 20.43
Bid-YTW : 6.04 %
SLF.PR.B Deemed-Retractible 4.24 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 20.90
Bid-YTW : 6.99 %
MFC.PR.Q FixedReset Ins Non 4.30 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 20.13
Bid-YTW : 7.24 %
RY.PR.M FixedReset Disc 4.31 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 20.80
Evaluated at bid price : 20.80
Bid-YTW : 5.43 %
GWO.PR.Q Deemed-Retractible 4.32 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 21.75
Bid-YTW : 6.88 %
GWO.PR.T Deemed-Retractible 4.34 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 21.65
Bid-YTW : 6.94 %
MFC.PR.I FixedReset Ins Non 4.35 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 20.40
Bid-YTW : 7.10 %
MFC.PR.C Deemed-Retractible 4.37 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 19.36
Bid-YTW : 7.61 %
GWO.PR.M Deemed-Retractible 4.37 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 24.84
Bid-YTW : 5.92 %
BMO.PR.S FixedReset Disc 4.39 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 19.03
Evaluated at bid price : 19.03
Bid-YTW : 5.69 %
MFC.PR.F FixedReset Ins Non 4.40 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 14.23
Bid-YTW : 9.39 %
BAM.PR.N Perpetual-Discount 4.40 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 19.68
Evaluated at bid price : 19.68
Bid-YTW : 6.08 %
IFC.PR.A FixedReset Ins Non 4.49 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 15.83
Bid-YTW : 8.84 %
GWO.PR.P Deemed-Retractible 4.49 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 22.81
Bid-YTW : 6.56 %
BMO.PR.T FixedReset Disc 4.54 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 18.67
Evaluated at bid price : 18.67
Bid-YTW : 5.67 %
IFC.PR.E Deemed-Retractible 4.56 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 22.00
Bid-YTW : 6.80 %
PWF.PR.Q FloatingReset 4.61 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 14.99
Evaluated at bid price : 14.99
Bid-YTW : 5.54 %
BMO.PR.W FixedReset Disc 4.62 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 18.80
Evaluated at bid price : 18.80
Bid-YTW : 5.59 %
IFC.PR.C FixedReset Ins Non 4.67 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 17.70
Bid-YTW : 8.33 %
CCS.PR.C Deemed-Retractible 4.77 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 22.40
Bid-YTW : 6.36 %
BAM.PR.Z FixedReset Disc 4.77 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 20.85
Evaluated at bid price : 20.85
Bid-YTW : 5.86 %
PWF.PR.R Perpetual-Discount 4.79 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 22.94
Evaluated at bid price : 23.21
Bid-YTW : 6.02 %
BAM.PF.C Perpetual-Discount 4.90 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 20.11
Evaluated at bid price : 20.11
Bid-YTW : 6.07 %
RY.PR.H FixedReset Disc 5.10 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 19.16
Evaluated at bid price : 19.16
Bid-YTW : 5.55 %
MFC.PR.G FixedReset Ins Non 5.12 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 19.51
Bid-YTW : 7.54 %
NA.PR.S FixedReset Disc 5.15 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 18.77
Evaluated at bid price : 18.77
Bid-YTW : 5.88 %
TRP.PR.E FixedReset Disc 5.24 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 18.68
Evaluated at bid price : 18.68
Bid-YTW : 5.76 %
IGM.PR.B Perpetual-Discount 5.28 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 24.46
Evaluated at bid price : 24.75
Bid-YTW : 5.95 %
TD.PF.J FixedReset Disc 5.29 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 21.50
Evaluated at bid price : 21.50
Bid-YTW : 5.52 %
BAM.PR.R FixedReset Disc 5.37 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 16.88
Evaluated at bid price : 16.88
Bid-YTW : 6.06 %
HSE.PR.E FixedReset Disc 5.40 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 19.34
Evaluated at bid price : 19.34
Bid-YTW : 7.07 %
CM.PR.S FixedReset Disc 5.44 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 20.35
Evaluated at bid price : 20.35
Bid-YTW : 5.44 %
RY.PR.J FixedReset Disc 5.50 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 21.10
Evaluated at bid price : 21.10
Bid-YTW : 5.52 %
HSE.PR.A FixedReset Disc 5.54 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 13.15
Evaluated at bid price : 13.15
Bid-YTW : 6.69 %
HSE.PR.C FixedReset Disc 5.61 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 18.08
Evaluated at bid price : 18.08
Bid-YTW : 7.02 %
BMO.PR.Y FixedReset Disc 5.77 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 20.52
Evaluated at bid price : 20.52
Bid-YTW : 5.65 %
BAM.PR.T FixedReset Disc 5.81 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 17.12
Evaluated at bid price : 17.12
Bid-YTW : 6.03 %
RY.PR.S FixedReset Disc 5.82 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 21.51
Evaluated at bid price : 21.83
Bid-YTW : 5.18 %
MFC.PR.H FixedReset Ins Non 5.83 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 21.25
Bid-YTW : 6.81 %
TD.PF.C FixedReset Disc 5.86 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 18.80
Evaluated at bid price : 18.80
Bid-YTW : 5.64 %
BAM.PR.C Floater 5.91 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 13.45
Evaluated at bid price : 13.45
Bid-YTW : 5.15 %
TRP.PR.D FixedReset Disc 5.93 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 17.97
Evaluated at bid price : 17.97
Bid-YTW : 6.03 %
TRP.PR.G FixedReset Disc 5.96 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 19.72
Evaluated at bid price : 19.72
Bid-YTW : 6.13 %
CM.PR.P FixedReset Disc 6.03 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 18.30
Evaluated at bid price : 18.30
Bid-YTW : 5.69 %
IAG.PR.G FixedReset Ins Non 6.03 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 19.69
Bid-YTW : 7.26 %
TD.PF.B FixedReset Disc 6.12 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 19.06
Evaluated at bid price : 19.06
Bid-YTW : 5.61 %
TD.PF.A FixedReset Disc 6.21 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 18.99
Evaluated at bid price : 18.99
Bid-YTW : 5.59 %
NA.PR.E FixedReset Disc 6.47 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 19.90
Evaluated at bid price : 19.90
Bid-YTW : 5.80 %
TRP.PR.C FixedReset Disc 6.65 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 13.51
Evaluated at bid price : 13.51
Bid-YTW : 6.19 %
MFC.PR.K FixedReset Ins Non 6.69 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 18.82
Bid-YTW : 7.71 %
NA.PR.W FixedReset Disc 6.78 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 18.10
Evaluated at bid price : 18.10
Bid-YTW : 5.86 %
CM.PR.O FixedReset Disc 6.90 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 18.75
Evaluated at bid price : 18.75
Bid-YTW : 5.68 %
TRP.PR.B FixedReset Disc 7.07 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 13.02
Evaluated at bid price : 13.02
Bid-YTW : 6.06 %
TRP.PR.F FloatingReset 7.37 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 15.88
Evaluated at bid price : 15.88
Bid-YTW : 5.67 %
BMO.PR.E FixedReset Disc 7.62 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 21.57
Evaluated at bid price : 21.90
Bid-YTW : 5.48 %
TD.PF.K FixedReset Disc 8.09 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 21.36
Evaluated at bid price : 21.65
Bid-YTW : 5.43 %
HSE.PR.G FixedReset Disc 8.81 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 19.64
Evaluated at bid price : 19.64
Bid-YTW : 6.91 %
TRP.PR.A FixedReset Disc 8.87 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 15.84
Evaluated at bid price : 15.84
Bid-YTW : 6.10 %
Volume Highlights
Issue Index Shares
Traded		 Notes
RY.PR.S FixedReset Disc 48,537 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 21.51
Evaluated at bid price : 21.83
Bid-YTW : 5.18 %
CM.PR.S FixedReset Disc 41,069 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 20.35
Evaluated at bid price : 20.35
Bid-YTW : 5.44 %
IFC.PR.C FixedReset Ins Non 32,500 YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 17.70
Bid-YTW : 8.33 %
BNS.PR.I FixedReset Disc 32,383 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 21.43
Evaluated at bid price : 21.43
Bid-YTW : 5.40 %
RY.PR.E Deemed-Retractible 30,100 YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2022-01-31
Maturity Price : 25.00
Evaluated at bid price : 25.00
Bid-YTW : 4.67 %
CM.PR.P FixedReset Disc 29,319 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 18.30
Evaluated at bid price : 18.30
Bid-YTW : 5.69 %
There were 28 other index-included issues trading in excess of 10,000 shares.
Wide Spread Highlights
Issue Index Quote Data and Yield Notes
HSE.PR.C FixedReset Disc Quote: 18.08 – 19.39
Spot Rate : 1.3100
Average : 0.8578

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 18.08
Evaluated at bid price : 18.08
Bid-YTW : 7.02 %
BAM.PR.K Floater Quote: 13.20 – 14.30
Spot Rate : 1.1000
Average : 0.7406

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 13.20
Evaluated at bid price : 13.20
Bid-YTW : 5.25 %
PWF.PR.E Perpetual-Discount Quote: 22.30 – 23.35
Spot Rate : 1.0500
Average : 0.7116

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 22.07
Evaluated at bid price : 22.30
Bid-YTW : 6.27 %
PWF.PR.L Perpetual-Discount Quote: 21.12 – 21.90
Spot Rate : 0.7800
Average : 0.4902

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 21.12
Evaluated at bid price : 21.12
Bid-YTW : 6.15 %
GWO.PR.L Deemed-Retractible Quote: 23.93 – 24.75
Spot Rate : 0.8200
Average : 0.5492

YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 23.93
Bid-YTW : 6.23 %
IFC.PR.G FixedReset Ins Non Quote: 19.60 – 20.26
Spot Rate : 0.6600
Average : 0.4074

YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 19.60
Bid-YTW : 7.66 %
Market Action

December 27, 2018

rollercoaster_181227
Click for Big

TXPR touched a new 52-week low of 596.56 undercutting the prior 52-week low of 599.70 reached on December 24 before closing at 600.96, up 0.15% on the day. It gained 73bp in the last half hour! Volume was average in the context of the past thirty days at 2.39-million shares.

CPD closed at 12.08, down 0.17% from December 24’s close. Volume of 394,950 was third-highest of the past thirty days, beaten only by December 12 and December 6.

ZPR closed at 9.73, up 0.21% on the day. Volume of 606,299 was the fourth-highest of the past thirty days.

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 -0.1263 % 2,341.7
FixedFloater 0.00 % 0.00 % 0 0.00 0 -0.1263 % 4,297.0
Floater 5.00 % 5.33 % 44,530 14.94 4 -0.1263 % 2,476.4
OpRet 0.00 % 0.00 % 0 0.00 0 -0.0235 % 3,144.5
SplitShare 4.68 % 5.38 % 94,708 4.56 7 -0.0235 % 3,755.2
Interest-Bearing 0.00 % 0.00 % 0 0.00 0 -0.0235 % 2,929.9
Perpetual-Premium 5.73 % 5.35 % 107,497 14.82 2 0.3683 % 2,788.8
Perpetual-Discount 5.96 % 6.18 % 74,990 13.60 33 -0.5197 % 2,780.0
FixedReset Disc 5.42 % 5.97 % 225,990 13.91 66 0.1780 % 2,074.1
Deemed-Retractible 5.70 % 7.18 % 97,444 8.08 27 -0.4836 % 2,776.4
FloatingReset 4.31 % 5.01 % 42,147 2.93 7 0.4226 % 2,362.2
FixedReset Prem 5.19 % 4.72 % 286,585 2.25 14 -0.0953 % 2,496.4
FixedReset Bank Non 2.99 % 4.32 % 148,380 2.89 6 0.2288 % 2,554.6
FixedReset Ins Non 5.35 % 7.85 % 150,798 8.24 22 -0.9066 % 2,080.6
Performance Highlights
Issue Index Change Notes
MFC.PR.K FixedReset Ins Non -4.44 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 17.64
Bid-YTW : 8.51 %
IAG.PR.G FixedReset Ins Non -3.53 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 18.57
Bid-YTW : 7.97 %
GWO.PR.N FixedReset Ins Non -3.52 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 13.70
Bid-YTW : 9.79 %
MFC.PR.Q FixedReset Ins Non -2.77 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 19.30
Bid-YTW : 7.76 %
CU.PR.E Perpetual-Discount -2.43 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-27
Maturity Price : 20.50
Evaluated at bid price : 20.50
Bid-YTW : 6.05 %
MFC.PR.R FixedReset Ins Non -2.41 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 23.09
Bid-YTW : 6.49 %
IFC.PR.A FixedReset Ins Non -2.32 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 15.15
Bid-YTW : 9.37 %
IFC.PR.F Deemed-Retractible -2.31 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 21.53
Bid-YTW : 7.18 %
IFC.PR.E Deemed-Retractible -2.19 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 21.04
Bid-YTW : 7.35 %
GWO.PR.F Deemed-Retractible -1.94 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 24.20
Bid-YTW : 6.34 %
PWF.PR.Q FloatingReset -1.92 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-27
Maturity Price : 14.33
Evaluated at bid price : 14.33
Bid-YTW : 5.80 %
SLF.PR.I FixedReset Ins Non -1.81 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 19.00
Bid-YTW : 7.67 %
MFC.PR.F FixedReset Ins Non -1.80 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 13.63
Bid-YTW : 9.89 %
CCS.PR.C Deemed-Retractible -1.79 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 21.38
Bid-YTW : 6.93 %
PWF.PR.R Perpetual-Discount -1.77 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-27
Maturity Price : 22.15
Evaluated at bid price : 22.15
Bid-YTW : 6.33 %
EIT.PR.B SplitShare -1.75 % YTW SCENARIO
Maturity Type : Soft Maturity
Maturity Date : 2025-03-14
Maturity Price : 25.00
Evaluated at bid price : 23.62
Bid-YTW : 5.94 %
BIP.PR.E FixedReset Disc -1.74 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-27
Maturity Price : 21.50
Evaluated at bid price : 21.50
Bid-YTW : 5.85 %
POW.PR.B Perpetual-Discount -1.70 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-27
Maturity Price : 21.36
Evaluated at bid price : 21.36
Bid-YTW : 6.29 %
TD.PF.B FixedReset Disc -1.54 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-27
Maturity Price : 17.96
Evaluated at bid price : 17.96
Bid-YTW : 5.96 %
POW.PR.G Perpetual-Discount -1.47 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-27
Maturity Price : 22.40
Evaluated at bid price : 22.80
Bid-YTW : 6.14 %
GWO.PR.H Deemed-Retractible -1.39 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 19.92
Bid-YTW : 7.64 %
TD.PF.D FixedReset Disc -1.33 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-27
Maturity Price : 20.00
Evaluated at bid price : 20.00
Bid-YTW : 5.88 %
BAM.PR.C Floater -1.32 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-27
Maturity Price : 12.70
Evaluated at bid price : 12.70
Bid-YTW : 5.46 %
PWF.PR.H Perpetual-Discount -1.31 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-27
Maturity Price : 23.06
Evaluated at bid price : 23.32
Bid-YTW : 6.27 %
SLF.PR.H FixedReset Ins Non -1.29 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 16.90
Bid-YTW : 8.27 %
GWO.PR.Q Deemed-Retractible -1.28 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 20.85
Bid-YTW : 7.41 %
BAM.PF.G FixedReset Disc -1.25 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-27
Maturity Price : 18.90
Evaluated at bid price : 18.90
Bid-YTW : 6.35 %
BAM.PF.J FixedReset Disc -1.24 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-27
Maturity Price : 22.40
Evaluated at bid price : 23.11
Bid-YTW : 5.38 %
BMO.PR.C FixedReset Disc -1.23 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-27
Maturity Price : 21.42
Evaluated at bid price : 21.75
Bid-YTW : 5.94 %
TD.PF.A FixedReset Disc -1.22 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-27
Maturity Price : 17.88
Evaluated at bid price : 17.88
Bid-YTW : 5.94 %
BMO.PR.E FixedReset Disc -1.21 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-27
Maturity Price : 20.35
Evaluated at bid price : 20.35
Bid-YTW : 5.93 %
W.PR.J Perpetual-Discount -1.21 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-27
Maturity Price : 23.37
Evaluated at bid price : 23.66
Bid-YTW : 6.03 %
PWF.PR.T FixedReset Disc -1.20 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-27
Maturity Price : 18.12
Evaluated at bid price : 18.12
Bid-YTW : 6.07 %
GWO.PR.T Deemed-Retractible -1.19 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 20.75
Bid-YTW : 7.47 %
CU.PR.D Perpetual-Discount -1.18 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-27
Maturity Price : 21.00
Evaluated at bid price : 21.00
Bid-YTW : 5.91 %
NA.PR.E FixedReset Disc -1.16 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-27
Maturity Price : 18.69
Evaluated at bid price : 18.69
Bid-YTW : 6.18 %
EMA.PR.F FixedReset Disc -1.16 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-27
Maturity Price : 17.91
Evaluated at bid price : 17.91
Bid-YTW : 6.46 %
GWO.PR.P Deemed-Retractible -1.13 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 21.83
Bid-YTW : 7.11 %
TD.PF.C FixedReset Disc -1.11 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-27
Maturity Price : 17.76
Evaluated at bid price : 17.76
Bid-YTW : 5.98 %
CM.PR.S FixedReset Disc -1.10 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-27
Maturity Price : 19.30
Evaluated at bid price : 19.30
Bid-YTW : 5.74 %
GWO.PR.G Deemed-Retractible -1.08 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 21.02
Bid-YTW : 7.37 %
GWO.PR.R Deemed-Retractible -1.08 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 20.18
Bid-YTW : 7.42 %
POW.PR.A Perpetual-Discount -1.01 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-27
Maturity Price : 22.22
Evaluated at bid price : 22.50
Bid-YTW : 6.23 %
IAG.PR.I FixedReset Ins Non -1.01 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 20.62
Bid-YTW : 7.09 %
BAM.PR.B Floater 1.01 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-27
Maturity Price : 13.00
Evaluated at bid price : 13.00
Bid-YTW : 5.33 %
MFC.PR.H FixedReset Ins Non 1.11 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 20.08
Bid-YTW : 7.51 %
BNS.PR.F FloatingReset 1.11 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2022-01-31
Maturity Price : 25.00
Evaluated at bid price : 23.71
Bid-YTW : 5.01 %
TRP.PR.G FixedReset Disc 1.14 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-27
Maturity Price : 18.61
Evaluated at bid price : 18.61
Bid-YTW : 6.50 %
CM.PR.R FixedReset Disc 1.17 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-27
Maturity Price : 21.45
Evaluated at bid price : 21.80
Bid-YTW : 5.86 %
BAM.PR.T FixedReset Disc 1.19 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-27
Maturity Price : 16.18
Evaluated at bid price : 16.18
Bid-YTW : 6.38 %
BAM.PF.A FixedReset Disc 1.23 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-27
Maturity Price : 20.52
Evaluated at bid price : 20.52
Bid-YTW : 6.02 %
CGI.PR.D SplitShare 1.24 % YTW SCENARIO
Maturity Type : Soft Maturity
Maturity Date : 2023-06-14
Maturity Price : 25.00
Evaluated at bid price : 24.50
Bid-YTW : 4.30 %
BAM.PF.I FixedReset Disc 1.38 % YTW SCENARIO
Maturity Type : Call
Maturity Date : 2022-03-31
Maturity Price : 25.00
Evaluated at bid price : 24.90
Bid-YTW : 4.94 %
BAM.PR.Z FixedReset Disc 1.74 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-27
Maturity Price : 19.90
Evaluated at bid price : 19.90
Bid-YTW : 6.14 %
NA.PR.G FixedReset Disc 1.95 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-27
Maturity Price : 20.35
Evaluated at bid price : 20.35
Bid-YTW : 5.97 %
IGM.PR.B Perpetual-Discount 1.97 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-27
Maturity Price : 23.59
Evaluated at bid price : 23.86
Bid-YTW : 6.29 %
TRP.PR.A FixedReset Disc 2.03 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-27
Maturity Price : 14.55
Evaluated at bid price : 14.55
Bid-YTW : 6.64 %
TRP.PR.D FixedReset Disc 2.08 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-27
Maturity Price : 17.20
Evaluated at bid price : 17.20
Bid-YTW : 6.41 %
HSE.PR.G FixedReset Disc 2.44 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-27
Maturity Price : 18.05
Evaluated at bid price : 18.05
Bid-YTW : 7.52 %
PWF.PR.P FixedReset Disc 3.03 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-27
Maturity Price : 13.93
Evaluated at bid price : 13.93
Bid-YTW : 6.18 %
TRP.PR.H FloatingReset 3.38 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-27
Maturity Price : 12.53
Evaluated at bid price : 12.53
Bid-YTW : 5.91 %
HSE.PR.C FixedReset Disc 3.69 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-27
Maturity Price : 17.12
Evaluated at bid price : 17.12
Bid-YTW : 7.41 %
HSE.PR.A FixedReset Disc 3.83 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-27
Maturity Price : 12.46
Evaluated at bid price : 12.46
Bid-YTW : 7.06 %
HSE.PR.E FixedReset Disc 4.50 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-27
Maturity Price : 18.35
Evaluated at bid price : 18.35
Bid-YTW : 7.45 %
TRP.PR.E FixedReset Disc 4.95 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-27
Maturity Price : 18.03
Evaluated at bid price : 18.03
Bid-YTW : 6.07 %
Volume Highlights
Issue Index Shares
Traded		 Notes
TD.PF.K FixedReset Disc 138,550 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-27
Maturity Price : 20.03
Evaluated at bid price : 20.03
Bid-YTW : 5.90 %
BNS.PR.I FixedReset Disc 81,378 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-27
Maturity Price : 20.88
Evaluated at bid price : 20.88
Bid-YTW : 5.55 %
RY.PR.S FixedReset Disc 58,710 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-27
Maturity Price : 20.63
Evaluated at bid price : 20.63
Bid-YTW : 5.51 %
BMO.PR.E FixedReset Disc 57,374 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-27
Maturity Price : 20.35
Evaluated at bid price : 20.35
Bid-YTW : 5.93 %
IFC.PR.G FixedReset Ins Non 44,700 YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 19.30
Bid-YTW : 7.85 %
BIP.PR.F FixedReset Disc 39,930 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-27
Maturity Price : 21.25
Evaluated at bid price : 21.25
Bid-YTW : 6.04 %
There were 61 other index-included issues trading in excess of 10,000 shares.
Wide Spread Highlights
Issue Index Quote Data and Yield Notes
TRP.PR.D FixedReset Disc Quote: 17.20 – 18.41
Spot Rate : 1.2100
Average : 0.7763

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-27
Maturity Price : 17.20
Evaluated at bid price : 17.20
Bid-YTW : 6.41 %
MFC.PR.Q FixedReset Ins Non Quote: 19.30 – 20.24
Spot Rate : 0.9400
Average : 0.5642

YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 19.30
Bid-YTW : 7.76 %
IFC.PR.F Deemed-Retractible Quote: 21.53 – 22.43
Spot Rate : 0.9000
Average : 0.5598

YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 21.53
Bid-YTW : 7.18 %
TD.PF.F Perpetual-Discount Quote: 23.41 – 24.21
Spot Rate : 0.8000
Average : 0.4790

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-27
Maturity Price : 23.05
Evaluated at bid price : 23.41
Bid-YTW : 5.30 %
TRP.PR.G FixedReset Disc Quote: 18.61 – 19.43
Spot Rate : 0.8200
Average : 0.5573

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-27
Maturity Price : 18.61
Evaluated at bid price : 18.61
Bid-YTW : 6.50 %
TD.PF.D FixedReset Disc Quote: 20.00 – 20.87
Spot Rate : 0.8700
Average : 0.6078

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-27
Maturity Price : 20.00
Evaluated at bid price : 20.00
Bid-YTW : 5.88 %
Market Action

December 24, 2018

explosion_181224
Click for Big

Equities got hammered again:

The S&P 500 tumbled to the brink of a bear market on Monday as U.S. stocks extended their steep sell-off in a pre-holiday shortened session, with investors rattled by the U.S. Treasury secretary’s convening of a crisis group and by other political developments.

All three major indexes ended down more than 2 percent the day before the Christmas holiday. The S&P 500 finished about 19.8 percent below its Sept. 20 closing high, just shy of the 20 percent threshold commonly used to define a bear market.

Treasury Secretary Steven Mnuchin called top U.S. bankers on Sunday amid the pullback in stocks and said he was calling a meeting of financial regulators to discuss ways to ensure “normal market operations.”

Investors also were grappling with the federal government shutdown and reports that President Donald Trump privately discussed the possibility of firing the Federal Reserve chairman.

And the ever-helpful President of the United States weighed in:

trumpfedtweet_181224
Click for Big

Criticizing the Fed is bad enough, but I can’t imagine anything worse for the US – and global – economy than firing Powell, an idea that has been allegedly discussed. In the first place, who’s going to take the job? None of the top-rank people want to be remembered as Trump’s Lackey. So it will be somebody with a less than sterling central banking reputation. And secondly, will the Chairman be able to force the votes on the FOMC? FOMC members are pretty weighty guys in their own right – it will be pretty funny to see a lot of 11-1 votes with the Chairman dissenting!

TXPR closed at 600.04, down 0.82% from December 21‘s close, after touching a new 52-week low of 599.70, undercutting the previous 52-week low of 604.53 set on December 21. Volume was low at 1.75-million shares in a day that closed early so practitioners of the highest paid profession on earth could go out and complain about lousy service in bars nowadays.

CPD closed at 12.10, down 0.74% from yesterday’s close after touching a new 52-week low of 11.96, undercutting the prior 52-week low of 12.11 touched on December 6. Volume of 239,285 was higher than might be expected given the early close.

ZPR closed at 9.71, down 1.52% on the day; the close marked a new 52-week low, undercutting the prior 52-week low of 9.80 reached on December 6. Volume of 256,406 was surprisingly high for Christmas Eve.

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 -0.6454 % 2,344.7
FixedFloater 0.00 % 0.00 % 0 0.00 0 -0.6454 % 4,302.4
Floater 4.99 % 5.32 % 44,976 14.96 4 -0.6454 % 2,479.5
OpRet 0.00 % 0.00 % 0 0.00 0 0.4837 % 3,145.2
SplitShare 4.68 % 5.38 % 95,566 4.57 7 0.4837 % 3,756.0
Interest-Bearing 0.00 % 0.00 % 0 0.00 0 0.4837 % 2,930.6
Perpetual-Premium 5.76 % 5.41 % 107,218 14.75 2 -1.5908 % 2,778.6
Perpetual-Discount 5.92 % 6.16 % 73,662 13.70 33 -0.9067 % 2,794.6
FixedReset Disc 5.43 % 5.99 % 229,735 13.91 66 -0.4483 % 2,070.5
Deemed-Retractible 5.67 % 8.18 % 98,641 5.08 27 -0.5831 % 2,789.9
FloatingReset 4.33 % 5.38 % 39,023 2.94 7 -0.3276 % 2,352.3
FixedReset Prem 5.18 % 4.65 % 280,478 2.26 14 -0.2348 % 2,498.8
FixedReset Bank Non 3.00 % 4.37 % 145,188 2.90 6 0.0069 % 2,548.8
FixedReset Ins Non 5.32 % 9.69 % 151,923 5.14 22 -1.8043 % 2,099.6
Performance Highlights
Issue Index Change Notes
PWF.PR.P FixedReset Disc -7.90 % A nonsensical quote provided at high cost from Nonsense Central, as the issue traded 800 shares today in four trades in a range of 14.35-79 before being quoted at 13.52-48.

I have not checked whether the lamentable state of the quote is due to inadequate Toronto Stock Exchange reporting or inadequate Toronto Stock Exchange supervision of market-makers.

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-24
Maturity Price : 13.52
Evaluated at bid price : 13.52
Bid-YTW : 6.36 %
IGM.PR.B Perpetual-Discount -5.07 % This quote has some justification, as the issue traded 4,510 shares today in a range of 23.39-24.65 before being quoted at 23.40-24.14

Kind of a wide range, though!

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-24
Maturity Price : 23.14
Evaluated at bid price : 23.40
Bid-YTW : 6.41 %
BAM.PR.X FixedReset Disc -4.09 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-24
Maturity Price : 14.53
Evaluated at bid price : 14.53
Bid-YTW : 6.11 %
MFC.PR.K FixedReset Ins Non -3.90 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 18.46
Bid-YTW : 10.07 %
IAG.PR.I FixedReset Ins Non -3.56 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 20.83
Bid-YTW : 8.34 %
BMO.PR.E FixedReset Disc -3.51 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-24
Maturity Price : 20.60
Evaluated at bid price : 20.60
Bid-YTW : 5.85 %
BAM.PF.J FixedReset Disc -3.31 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-24
Maturity Price : 22.56
Evaluated at bid price : 23.40
Bid-YTW : 5.30 %
SLF.PR.I FixedReset Ins Non -3.25 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 19.35
Bid-YTW : 9.16 %
BMO.PR.C FixedReset Disc -3.21 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-24
Maturity Price : 21.74
Evaluated at bid price : 22.02
Bid-YTW : 5.87 %
MFC.PR.H FixedReset Ins Non -3.12 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 19.86
Bid-YTW : 9.69 %
PWF.PR.K Perpetual-Discount -3.01 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-24
Maturity Price : 19.95
Evaluated at bid price : 19.95
Bid-YTW : 6.32 %
PWF.PR.E Perpetual-Discount -2.84 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-24
Maturity Price : 21.97
Evaluated at bid price : 22.20
Bid-YTW : 6.30 %
BAM.PF.A FixedReset Disc -2.78 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-24
Maturity Price : 20.27
Evaluated at bid price : 20.27
Bid-YTW : 6.09 %
CM.PR.O FixedReset Disc -2.71 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-24
Maturity Price : 17.61
Evaluated at bid price : 17.61
Bid-YTW : 6.14 %
MFC.PR.G FixedReset Ins Non -2.67 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 18.60
Bid-YTW : 10.13 %
PWF.PR.G Perpetual-Discount -2.59 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-24
Maturity Price : 23.44
Evaluated at bid price : 23.73
Bid-YTW : 6.32 %
SLF.PR.J FloatingReset -2.57 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 14.00
Bid-YTW : 14.07 %
BMO.PR.Y FixedReset Disc -2.47 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-24
Maturity Price : 19.31
Evaluated at bid price : 19.31
Bid-YTW : 6.00 %
SLF.PR.D Deemed-Retractible -2.39 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 18.75
Bid-YTW : 10.07 %
PWF.PR.I Perpetual-Premium -2.36 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-24
Maturity Price : 24.16
Evaluated at bid price : 24.41
Bid-YTW : 6.25 %
PWF.PR.H Perpetual-Discount -2.36 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-24
Maturity Price : 23.34
Evaluated at bid price : 23.63
Bid-YTW : 6.18 %
GWO.PR.M Deemed-Retractible -2.30 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 23.74
Bid-YTW : 6.85 %
RY.PR.Z FixedReset Disc -2.25 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-24
Maturity Price : 18.24
Evaluated at bid price : 18.24
Bid-YTW : 5.77 %
SLF.PR.H FixedReset Ins Non -2.17 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 17.12
Bid-YTW : 10.67 %
PWF.PR.Z Perpetual-Discount -2.16 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-24
Maturity Price : 20.84
Evaluated at bid price : 20.84
Bid-YTW : 6.29 %
BAM.PR.R FixedReset Disc -2.15 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-24
Maturity Price : 15.95
Evaluated at bid price : 15.95
Bid-YTW : 6.40 %
BAM.PR.C Floater -2.13 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-24
Maturity Price : 12.87
Evaluated at bid price : 12.87
Bid-YTW : 5.38 %
MFC.PR.I FixedReset Ins Non -2.11 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 19.53
Bid-YTW : 9.36 %
GWO.PR.N FixedReset Ins Non -2.07 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 14.20
Bid-YTW : 13.48 %
PWF.PR.Q FloatingReset -2.01 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-24
Maturity Price : 14.61
Evaluated at bid price : 14.61
Bid-YTW : 5.68 %
TRP.PR.A FixedReset Disc -1.99 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-24
Maturity Price : 14.26
Evaluated at bid price : 14.26
Bid-YTW : 6.77 %
MFC.PR.F FixedReset Ins Non -1.91 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 13.88
Bid-YTW : 13.90 %
PWF.PR.O Perpetual-Discount -1.91 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-24
Maturity Price : 23.36
Evaluated at bid price : 23.65
Bid-YTW : 6.23 %
RY.PR.H FixedReset Disc -1.89 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-24
Maturity Price : 18.20
Evaluated at bid price : 18.20
Bid-YTW : 5.84 %
IFC.PR.G FixedReset Ins Non -1.87 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 19.41
Bid-YTW : 9.80 %
TRP.PR.C FixedReset Disc -1.85 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-24
Maturity Price : 12.71
Evaluated at bid price : 12.71
Bid-YTW : 6.65 %
BIP.PR.F FixedReset Disc -1.84 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-24
Maturity Price : 21.35
Evaluated at bid price : 21.35
Bid-YTW : 6.01 %
BAM.PF.B FixedReset Disc -1.83 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-24
Maturity Price : 18.75
Evaluated at bid price : 18.75
Bid-YTW : 6.14 %
MFC.PR.C Deemed-Retractible -1.82 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 18.39
Bid-YTW : 10.56 %
SLF.PR.G FixedReset Ins Non -1.80 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 14.16
Bid-YTW : 13.84 %
EMA.PR.F FixedReset Disc -1.79 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-24
Maturity Price : 18.12
Evaluated at bid price : 18.12
Bid-YTW : 6.38 %
IAG.PR.G FixedReset Ins Non -1.79 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 19.25
Bid-YTW : 9.21 %
TD.PF.C FixedReset Disc -1.75 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-24
Maturity Price : 17.96
Evaluated at bid price : 17.96
Bid-YTW : 5.91 %
NA.PR.W FixedReset Disc -1.73 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-24
Maturity Price : 17.00
Evaluated at bid price : 17.00
Bid-YTW : 6.24 %
POW.PR.A Perpetual-Discount -1.73 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-24
Maturity Price : 22.47
Evaluated at bid price : 22.73
Bid-YTW : 6.17 %
CM.PR.Q FixedReset Disc -1.73 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-24
Maturity Price : 19.37
Evaluated at bid price : 19.37
Bid-YTW : 6.05 %
BMO.PR.D FixedReset Disc -1.63 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-24
Maturity Price : 21.06
Evaluated at bid price : 21.06
Bid-YTW : 5.96 %
BAM.PR.T FixedReset Disc -1.60 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-24
Maturity Price : 15.99
Evaluated at bid price : 15.99
Bid-YTW : 6.45 %
PWF.PR.F Perpetual-Discount -1.56 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-24
Maturity Price : 21.40
Evaluated at bid price : 21.40
Bid-YTW : 6.25 %
MFC.PR.M FixedReset Ins Non -1.55 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 17.83
Bid-YTW : 10.86 %
GWO.PR.L Deemed-Retractible -1.45 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 23.06
Bid-YTW : 7.27 %
PWF.PR.T FixedReset Disc -1.45 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-24
Maturity Price : 18.34
Evaluated at bid price : 18.34
Bid-YTW : 5.99 %
PWF.PR.A Floater -1.42 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-24
Maturity Price : 16.66
Evaluated at bid price : 16.66
Bid-YTW : 4.19 %
MFC.PR.J FixedReset Ins Non -1.41 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 19.62
Bid-YTW : 9.32 %
BAM.PF.I FixedReset Disc -1.37 % YTW SCENARIO
Maturity Type : Call
Maturity Date : 2022-03-31
Maturity Price : 25.00
Evaluated at bid price : 24.56
Bid-YTW : 5.39 %
BNS.PR.I FixedReset Disc -1.36 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-24
Maturity Price : 20.96
Evaluated at bid price : 20.96
Bid-YTW : 5.52 %
POW.PR.G Perpetual-Discount -1.32 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-24
Maturity Price : 22.87
Evaluated at bid price : 23.14
Bid-YTW : 6.06 %
SLF.PR.E Deemed-Retractible -1.31 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 18.87
Bid-YTW : 10.00 %
PWF.PR.S Perpetual-Discount -1.30 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-24
Maturity Price : 19.75
Evaluated at bid price : 19.75
Bid-YTW : 6.19 %
TD.PF.F Perpetual-Discount -1.26 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-24
Maturity Price : 23.17
Evaluated at bid price : 23.55
Bid-YTW : 5.26 %
MFC.PR.B Deemed-Retractible -1.24 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 19.12
Bid-YTW : 9.96 %
GWO.PR.T Deemed-Retractible -1.22 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 21.00
Bid-YTW : 8.61 %
BIP.PR.C FixedReset Disc -1.22 % YTW SCENARIO
Maturity Type : Call
Maturity Date : 2021-09-30
Maturity Price : 25.00
Evaluated at bid price : 24.30
Bid-YTW : 6.48 %
BIP.PR.E FixedReset Disc -1.22 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-24
Maturity Price : 21.58
Evaluated at bid price : 21.88
Bid-YTW : 5.73 %
MFC.PR.O FixedReset Ins Non -1.21 % YTW SCENARIO
Maturity Type : Call
Maturity Date : 2021-06-19
Maturity Price : 25.00
Evaluated at bid price : 25.34
Bid-YTW : 5.08 %
PWF.PR.L Perpetual-Discount -1.18 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-24
Maturity Price : 20.96
Evaluated at bid price : 20.96
Bid-YTW : 6.19 %
MFC.PR.L FixedReset Ins Non -1.15 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 17.25
Bid-YTW : 11.34 %
CU.PR.C FixedReset Disc -1.14 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-24
Maturity Price : 17.30
Evaluated at bid price : 17.30
Bid-YTW : 6.07 %
IFC.PR.C FixedReset Ins Non -1.12 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 16.75
Bid-YTW : 11.72 %
MFC.PR.N FixedReset Ins Non -1.12 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 17.71
Bid-YTW : 10.88 %
BMO.PR.T FixedReset Disc -1.10 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-24
Maturity Price : 18.00
Evaluated at bid price : 18.00
Bid-YTW : 5.88 %
PWF.PR.R Perpetual-Discount -1.10 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-24
Maturity Price : 22.22
Evaluated at bid price : 22.55
Bid-YTW : 6.19 %
NA.PR.C FixedReset Disc -1.05 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-24
Maturity Price : 20.81
Evaluated at bid price : 20.81
Bid-YTW : 6.28 %
BMO.PR.W FixedReset Disc -1.04 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-24
Maturity Price : 18.00
Evaluated at bid price : 18.00
Bid-YTW : 5.84 %
GWO.PR.I Deemed-Retractible -1.00 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 18.76
Bid-YTW : 10.12 %
W.PR.J Perpetual-Discount 1.01 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-24
Maturity Price : 23.68
Evaluated at bid price : 23.95
Bid-YTW : 5.95 %
BNS.PR.D FloatingReset 1.11 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2022-01-31
Maturity Price : 25.00
Evaluated at bid price : 23.76
Bid-YTW : 4.55 %
EIT.PR.A SplitShare 1.29 % YTW SCENARIO
Maturity Type : Soft Maturity
Maturity Date : 2024-03-14
Maturity Price : 25.00
Evaluated at bid price : 24.42
Bid-YTW : 5.38 %
BAM.PR.N Perpetual-Discount 1.34 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-24
Maturity Price : 18.86
Evaluated at bid price : 18.86
Bid-YTW : 6.34 %
TD.PF.I FixedReset Disc 1.37 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-24
Maturity Price : 21.39
Evaluated at bid price : 21.39
Bid-YTW : 5.77 %
NA.PR.E FixedReset Disc 1.39 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-24
Maturity Price : 18.91
Evaluated at bid price : 18.91
Bid-YTW : 6.11 %
BIP.PR.D FixedReset Disc 1.59 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-24
Maturity Price : 22.44
Evaluated at bid price : 23.05
Bid-YTW : 6.06 %
BAM.PF.G FixedReset Disc 1.59 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-24
Maturity Price : 19.14
Evaluated at bid price : 19.14
Bid-YTW : 6.26 %
BAM.PR.K Floater 1.72 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-24
Maturity Price : 13.02
Evaluated at bid price : 13.02
Bid-YTW : 5.32 %
EIT.PR.B SplitShare 1.78 % YTW SCENARIO
Maturity Type : Soft Maturity
Maturity Date : 2025-03-14
Maturity Price : 25.00
Evaluated at bid price : 24.04
Bid-YTW : 5.60 %
HSE.PR.G FixedReset Disc 57.32 % Just a reversal of yesterday‘s nonsense.

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-24
Maturity Price : 17.62
Evaluated at bid price : 17.62
Bid-YTW : 7.70 %
Volume Highlights
Issue Index Shares
Traded		 Notes
PVS.PR.B SplitShare 100,404 YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2019-01-10
Maturity Price : 25.00
Evaluated at bid price : 25.05
Bid-YTW : 4.44 %
TRP.PR.J FixedReset Prem 59,150 YTW SCENARIO
Maturity Type : Call
Maturity Date : 2021-05-31
Maturity Price : 25.00
Evaluated at bid price : 25.22
Bid-YTW : 5.30 %
RY.PR.L FixedReset Bank Non 40,500 YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2022-01-31
Maturity Price : 25.00
Evaluated at bid price : 25.07
Bid-YTW : 4.66 %
RY.PR.S FixedReset Disc 37,100 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-24
Maturity Price : 20.75
Evaluated at bid price : 20.75
Bid-YTW : 5.35 %
MFC.PR.B Deemed-Retractible 24,678 YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 19.12
Bid-YTW : 9.96 %
TD.PF.K FixedReset Disc 24,189 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-24
Maturity Price : 20.15
Evaluated at bid price : 20.15
Bid-YTW : 5.87 %
There were 28 other index-included issues trading in excess of 10,000 shares.
Wide Spread Highlights
Issue Index Quote Data and Yield Notes
PWF.PR.P FixedReset Disc Quote: 13.52 – 14.48
Spot Rate : 0.9600
Average : 0.5799

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-24
Maturity Price : 13.52
Evaluated at bid price : 13.52
Bid-YTW : 6.36 %
IGM.PR.B Perpetual-Discount Quote: 23.40 – 24.14
Spot Rate : 0.7400
Average : 0.4661

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-24
Maturity Price : 23.14
Evaluated at bid price : 23.40
Bid-YTW : 6.41 %
GWO.PR.M Deemed-Retractible Quote: 23.74 – 24.22
Spot Rate : 0.4800
Average : 0.3499

YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 23.74
Bid-YTW : 6.85 %
HSE.PR.C FixedReset Disc Quote: 16.51 – 16.98
Spot Rate : 0.4700
Average : 0.3423

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-24
Maturity Price : 16.51
Evaluated at bid price : 16.51
Bid-YTW : 7.68 %
GWO.PR.P Deemed-Retractible Quote: 22.08 – 22.43
Spot Rate : 0.3500
Average : 0.2401

YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 22.08
Bid-YTW : 7.88 %
TD.PF.E FixedReset Disc Quote: 20.61 – 21.05
Spot Rate : 0.4400
Average : 0.3430

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-24
Maturity Price : 20.61
Evaluated at bid price : 20.61
Bid-YTW : 5.79 %
Market Action

December 21, 2018

explosion_181221
Click for Big

TXPR closed at 605.00, down 0.58% from yesterday‘s close, after touching a new 52-week low of 604.53, undercutting the previous 52-week low of 607.63 set on December 20. Volume was elevated at 3.38-million shares, but nothing special by recent standards. There was a huge number of issues trading more than 10,000 shares, suggesting that there is a lot of retail action.

CPD closed at 12.19, up 0.49% from yesterday’s very poor close and a little above the 52-week low of 12.11 touched on December 6. Volume of 207,008 was high, but nothing special in the context of the past thirty days.

ZPR closed at 9.86, down 0.30% on the day, and within shouting distance of the 52-week low of 9.80 reached on December 6. Volume of 513,624 was fifth-highest of the past thirty days.

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 0.5951 % 2,359.9
FixedFloater 0.00 % 0.00 % 0 0.00 0 0.5951 % 4,330.4
Floater 4.96 % 5.27 % 45,371 15.06 4 0.5951 % 2,495.6
OpRet 0.00 % 0.00 % 0 0.00 0 0.0354 % 3,130.1
SplitShare 4.70 % 5.60 % 96,642 4.57 7 0.0354 % 3,738.0
Interest-Bearing 0.00 % 0.00 % 0 0.00 0 0.0354 % 2,916.5
Perpetual-Premium 5.66 % 6.09 % 151,554 13.68 2 -0.3811 % 2,823.5
Perpetual-Discount 5.87 % 6.06 % 74,808 13.77 33 -0.2264 % 2,820.1
FixedReset Disc 5.40 % 5.99 % 237,601 13.88 66 -1.5084 % 2,079.8
Deemed-Retractible 5.64 % 8.18 % 99,708 5.10 27 -0.5848 % 2,806.2
FloatingReset 4.27 % 5.38 % 40,632 2.95 7 -0.2645 % 2,360.0
FixedReset Prem 5.17 % 4.48 % 284,785 2.27 14 -0.0531 % 2,504.7
FixedReset Bank Non 3.00 % 4.43 % 145,805 2.91 6 0.1458 % 2,548.6
FixedReset Ins Non 5.24 % 9.13 % 154,379 5.17 22 -0.5102 % 2,138.2
Performance Highlights
Issue Index Change Notes
HSE.PR.G FixedReset Disc -37.78 % A nonsensical quote provided at high cost from Nonsense Central, as the issue traded 4,965 shares today in a range of 18.00-30 before being quoted at 11.20-18.00.

I have not checked whether the lamentable state of the quote is due to inadequate Toronto Stock Exchange reporting or inadequate Toronto Stock Exchange supervision of market-makers.

Come on, guys! I haven’t been chasing after stupid quotes for the past little while because there’s been a lot going on and there are bigger fish to fry, but this is ridiculous. Get your acts together!

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-21
Maturity Price : 11.20
Evaluated at bid price : 11.20
Bid-YTW : 12.25 %
CM.PR.R FixedReset Disc -3.87 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-21
Maturity Price : 21.61
Evaluated at bid price : 21.87
Bid-YTW : 6.00 %
IFC.PR.A FixedReset Ins Non -3.69 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 15.65
Bid-YTW : 12.45 %
VNR.PR.A FixedReset Disc -3.56 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-21
Maturity Price : 20.30
Evaluated at bid price : 20.30
Bid-YTW : 6.03 %
TD.PF.K FixedReset Disc -3.47 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-21
Maturity Price : 20.32
Evaluated at bid price : 20.32
Bid-YTW : 5.89 %
NA.PR.G FixedReset Disc -3.45 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-21
Maturity Price : 20.15
Evaluated at bid price : 20.15
Bid-YTW : 6.11 %
TD.PF.A FixedReset Disc -3.21 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-21
Maturity Price : 18.10
Evaluated at bid price : 18.10
Bid-YTW : 5.99 %
HSE.PR.A FixedReset Disc -3.20 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-21
Maturity Price : 12.10
Evaluated at bid price : 12.10
Bid-YTW : 7.41 %
TD.PF.I FixedReset Disc -2.99 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-21
Maturity Price : 21.10
Evaluated at bid price : 21.10
Bid-YTW : 5.93 %
BIP.PR.E FixedReset Disc -2.85 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-21
Maturity Price : 21.78
Evaluated at bid price : 22.15
Bid-YTW : 5.69 %
TRP.PR.K FixedReset Disc -2.83 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-21
Maturity Price : 22.93
Evaluated at bid price : 24.03
Bid-YTW : 5.92 %
HSE.PR.E FixedReset Disc -2.44 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-21
Maturity Price : 17.56
Evaluated at bid price : 17.56
Bid-YTW : 7.88 %
MFC.PR.H FixedReset Ins Non -2.43 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 20.50
Bid-YTW : 9.13 %
GWO.PR.M Deemed-Retractible -2.41 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 24.30
Bid-YTW : 6.37 %
CM.PR.P FixedReset Disc -2.38 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-21
Maturity Price : 17.63
Evaluated at bid price : 17.63
Bid-YTW : 6.11 %
CU.PR.F Perpetual-Discount -2.37 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-21
Maturity Price : 19.33
Evaluated at bid price : 19.33
Bid-YTW : 5.89 %
BMO.PR.S FixedReset Disc -2.19 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-21
Maturity Price : 18.35
Evaluated at bid price : 18.35
Bid-YTW : 6.02 %
RY.PR.Z FixedReset Disc -2.15 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-21
Maturity Price : 18.66
Evaluated at bid price : 18.66
Bid-YTW : 5.76 %
BMO.PR.W FixedReset Disc -1.99 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-21
Maturity Price : 18.19
Evaluated at bid price : 18.19
Bid-YTW : 5.89 %
NA.PR.C FixedReset Disc -1.96 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-21
Maturity Price : 21.03
Evaluated at bid price : 21.03
Bid-YTW : 6.30 %
IAG.PR.G FixedReset Ins Non -1.95 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 19.60
Bid-YTW : 8.89 %
HSE.PR.C FixedReset Disc -1.86 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-21
Maturity Price : 16.36
Evaluated at bid price : 16.36
Bid-YTW : 7.88 %
BMO.PR.E FixedReset Disc -1.84 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-21
Maturity Price : 21.35
Evaluated at bid price : 21.35
Bid-YTW : 5.71 %
IAG.PR.A Deemed-Retractible -1.75 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 20.24
Bid-YTW : 8.70 %
RY.PR.S FixedReset Disc -1.65 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-21
Maturity Price : 20.90
Evaluated at bid price : 20.90
Bid-YTW : 5.51 %
BIP.PR.C FixedReset Disc -1.60 % YTW SCENARIO
Maturity Type : Call
Maturity Date : 2021-09-30
Maturity Price : 25.00
Evaluated at bid price : 24.60
Bid-YTW : 5.97 %
GWO.PR.P Deemed-Retractible -1.59 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 22.30
Bid-YTW : 7.67 %
GWO.PR.R Deemed-Retractible -1.58 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 20.52
Bid-YTW : 8.66 %
GWO.PR.I Deemed-Retractible -1.56 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 18.95
Bid-YTW : 9.90 %
IFC.PR.E Deemed-Retractible -1.56 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 21.50
Bid-YTW : 8.18 %
RY.PR.H FixedReset Disc -1.54 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-21
Maturity Price : 18.55
Evaluated at bid price : 18.55
Bid-YTW : 5.85 %
BMO.PR.T FixedReset Disc -1.41 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-21
Maturity Price : 18.20
Evaluated at bid price : 18.20
Bid-YTW : 5.93 %
IFC.PR.C FixedReset Ins Non -1.40 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 16.94
Bid-YTW : 11.54 %
RY.PR.O Perpetual-Discount -1.37 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-21
Maturity Price : 22.72
Evaluated at bid price : 23.05
Bid-YTW : 5.36 %
BMO.PR.C FixedReset Disc -1.34 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-21
Maturity Price : 22.24
Evaluated at bid price : 22.75
Bid-YTW : 5.74 %
BMO.PR.D FixedReset Disc -1.34 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-21
Maturity Price : 21.41
Evaluated at bid price : 21.41
Bid-YTW : 5.94 %
SLF.PR.I FixedReset Ins Non -1.23 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 20.00
Bid-YTW : 8.55 %
EIT.PR.A SplitShare -1.23 % YTW SCENARIO
Maturity Type : Soft Maturity
Maturity Date : 2024-03-14
Maturity Price : 25.00
Evaluated at bid price : 24.11
Bid-YTW : 5.65 %
BIP.PR.F FixedReset Disc -1.23 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-21
Maturity Price : 21.46
Evaluated at bid price : 21.75
Bid-YTW : 5.88 %
PWF.PR.T FixedReset Disc -1.22 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-21
Maturity Price : 18.61
Evaluated at bid price : 18.61
Bid-YTW : 6.03 %
BAM.PR.T FixedReset Disc -1.22 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-21
Maturity Price : 16.25
Evaluated at bid price : 16.25
Bid-YTW : 6.45 %
BAM.PR.Z FixedReset Disc -1.21 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-21
Maturity Price : 19.56
Evaluated at bid price : 19.56
Bid-YTW : 6.33 %
TD.PF.C FixedReset Disc -1.19 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-21
Maturity Price : 18.28
Evaluated at bid price : 18.28
Bid-YTW : 5.92 %
POW.PR.B Perpetual-Discount -1.18 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-21
Maturity Price : 21.59
Evaluated at bid price : 21.85
Bid-YTW : 6.12 %
BIP.PR.D FixedReset Disc -1.13 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-21
Maturity Price : 22.21
Evaluated at bid price : 22.69
Bid-YTW : 6.24 %
SLF.PR.H FixedReset Ins Non -1.13 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 17.50
Bid-YTW : 10.29 %
RY.PR.N Perpetual-Discount -1.12 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-21
Maturity Price : 22.67
Evaluated at bid price : 22.99
Bid-YTW : 5.37 %
BNS.PR.I FixedReset Disc -1.12 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-21
Maturity Price : 21.25
Evaluated at bid price : 21.25
Bid-YTW : 5.52 %
NA.PR.E FixedReset Disc -1.11 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-21
Maturity Price : 18.65
Evaluated at bid price : 18.65
Bid-YTW : 6.28 %
CM.PR.O FixedReset Disc -1.09 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-21
Maturity Price : 18.10
Evaluated at bid price : 18.10
Bid-YTW : 6.09 %
TD.PF.B FixedReset Disc -1.08 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-21
Maturity Price : 18.40
Evaluated at bid price : 18.40
Bid-YTW : 5.93 %
PWF.PR.S Perpetual-Discount -1.04 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-21
Maturity Price : 20.01
Evaluated at bid price : 20.01
Bid-YTW : 6.10 %
SLF.PR.A Deemed-Retractible -1.03 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 20.12
Bid-YTW : 8.99 %
CU.PR.D Perpetual-Discount -1.02 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-21
Maturity Price : 21.25
Evaluated at bid price : 21.25
Bid-YTW : 5.83 %
SLF.PR.D Deemed-Retractible 1.11 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 19.21
Bid-YTW : 9.57 %
BAM.PR.C Floater 1.15 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-21
Maturity Price : 13.15
Evaluated at bid price : 13.15
Bid-YTW : 5.27 %
PWF.PR.H Perpetual-Discount 1.17 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-21
Maturity Price : 23.95
Evaluated at bid price : 24.20
Bid-YTW : 6.03 %
IFC.PR.F Deemed-Retractible 1.19 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 22.04
Bid-YTW : 7.79 %
BAM.PF.B FixedReset Disc 1.33 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-21
Maturity Price : 19.10
Evaluated at bid price : 19.10
Bid-YTW : 6.15 %
EML.PR.A FixedReset Ins Non 1.39 % YTW SCENARIO
Maturity Type : Call
Maturity Date : 2021-04-17
Maturity Price : 25.00
Evaluated at bid price : 25.50
Bid-YTW : 4.67 %
BAM.PR.X FixedReset Disc 1.41 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-21
Maturity Price : 15.15
Evaluated at bid price : 15.15
Bid-YTW : 5.98 %
PWF.PR.A Floater 1.44 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-21
Maturity Price : 16.90
Evaluated at bid price : 16.90
Bid-YTW : 4.13 %
CM.PR.S FixedReset Disc 1.54 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-21
Maturity Price : 19.81
Evaluated at bid price : 19.81
Bid-YTW : 5.77 %
CGI.PR.D SplitShare 1.57 % YTW SCENARIO
Maturity Type : Soft Maturity
Maturity Date : 2023-06-14
Maturity Price : 25.00
Evaluated at bid price : 24.00
Bid-YTW : 4.79 %
PWF.PR.R Perpetual-Discount 1.69 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-21
Maturity Price : 22.39
Evaluated at bid price : 22.80
Bid-YTW : 6.12 %
MFC.PR.F FixedReset Ins Non 1.73 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 14.15
Bid-YTW : 13.57 %
BAM.PF.A FixedReset Disc 2.06 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-21
Maturity Price : 20.85
Evaluated at bid price : 20.85
Bid-YTW : 6.00 %
Volume Highlights
Issue Index Shares
Traded		 Notes
BNS.PR.I FixedReset Disc 72,350 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-21
Maturity Price : 21.25
Evaluated at bid price : 21.25
Bid-YTW : 5.52 %
BAM.PR.R FixedReset Disc 64,189 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-21
Maturity Price : 16.30
Evaluated at bid price : 16.30
Bid-YTW : 6.37 %
TD.PF.K FixedReset Disc 60,338 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-21
Maturity Price : 20.32
Evaluated at bid price : 20.32
Bid-YTW : 5.89 %
PWF.PR.P FixedReset Disc 53,160 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-21
Maturity Price : 14.68
Evaluated at bid price : 14.68
Bid-YTW : 5.99 %
NA.PR.W FixedReset Disc 50,351 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-21
Maturity Price : 17.30
Evaluated at bid price : 17.30
Bid-YTW : 6.25 %
TD.PF.D FixedReset Disc 50,300 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-21
Maturity Price : 20.41
Evaluated at bid price : 20.41
Bid-YTW : 5.86 %
There were 85 other index-included issues trading in excess of 10,000 shares.
Wide Spread Highlights
Issue Index Quote Data and Yield Notes
HSE.PR.G FixedReset Disc Quote: 11.20 – 18.00
Spot Rate : 6.8000
Average : 3.6564

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-21
Maturity Price : 11.20
Evaluated at bid price : 11.20
Bid-YTW : 12.25 %
HSE.PR.A FixedReset Disc Quote: 12.10 – 12.99
Spot Rate : 0.8900
Average : 0.5822

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-21
Maturity Price : 12.10
Evaluated at bid price : 12.10
Bid-YTW : 7.41 %
EMA.PR.H FixedReset Disc Quote: 23.15 – 24.00
Spot Rate : 0.8500
Average : 0.5885

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-21
Maturity Price : 22.38
Evaluated at bid price : 23.15
Bid-YTW : 5.31 %
HSE.PR.E FixedReset Disc Quote: 17.56 – 18.19
Spot Rate : 0.6300
Average : 0.4293

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-21
Maturity Price : 17.56
Evaluated at bid price : 17.56
Bid-YTW : 7.88 %
BMO.PR.Q FixedReset Bank Non Quote: 22.40 – 22.98
Spot Rate : 0.5800
Average : 0.3878

YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2022-01-31
Maturity Price : 25.00
Evaluated at bid price : 22.40
Bid-YTW : 5.77 %
BIP.PR.E FixedReset Disc Quote: 22.15 – 22.73
Spot Rate : 0.5800
Average : 0.3895

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-21
Maturity Price : 21.78
Evaluated at bid price : 22.15
Bid-YTW : 5.69 %
Market Action

December 20, 2018

explosion_181220
Click for Big

Wild drone story in the news today:

Britain sent troops to its second-biggest airport after an unprecedented attempt to cripple Christmas travel with large drones forced all flights to be cancelled on Thursday.
…
Flights were halted at 2103 GMT on Wednesday after two drones were spotted near the airfield, triggering the biggest disruption at Gatwick since a volcanic ash cloud in 2010.

Police said more than 20 units were hunting the operators near Gatwick airport, 50 kilometres south of London.

Transport Secretary Chris Grayling said it was clearly a deliberate act. “This is a commercial-sized drone,” he said. “Every time Gatwick tries to reopen the runway, the drones reappear.”
…
Richard Parker, head of air traffic management technology firm Altitude Angel, said this was the first time a major airport had been hit by such a sustained and deliberate incursion into its airspace.

“It’s sophisticated, not from a technology side, but it’s organized. People have charged lots of batteries, and are deliberately trying to avoid being caught, probably by driving around to different locations,” he told Reuters.

“It really is unprecedented.”

Gatwick’s Chief Operating Officer Chris Woodroofe described one of the drones as a heavy industrial model.

“The police advice is that it would be dangerous to seek to shoot the drone down because of what may happen to the stray bullets,” he told BBC radio.

This is probably kids having a laugh, but it’s also the sort of low-grade annoyance that an irate foreign power might try. Particularly an irate foreign power that has no problem actually killing people in the UK.

I think global authorities have screwed up. What they really need at Gatwick, right now, are drone fighters. Semi-autonomous drone killers, perhaps equipped with nets.

TXPR closed at 608.54, down 0.92% from Wednesday‘s close, after touching a new 52-week low of 607.63, undercutting the previous 52-week low of 609.77 set on December 6. Volume was very high at 4.85-million shares, beaten over the past thirty days only by December 12 at 4.96-million. There was a huge number of issues trading more than 10,000 shares, suggesting that there is a lot of retail action.

CPD closed at 12.13, down 2.10% from Wednesday’s close and just barely above the 52-week low of 12.11 touched on December 6. Volume of 325,763 was high, but not even in the top 5 of the past thirty days.

ZPR closed at 9.89, down 1.30% since Wednesday, and within shouting distance of the 52-week low of 9.80 reached on December 6. Volume of 433,206 placed it fifth-highest of the past thirty days.

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 1.9676 % 2,346.0
FixedFloater 0.00 % 0.00 % 0 0.00 0 1.9676 % 4,304.7
Floater 4.99 % 5.33 % 45,360 14.96 4 1.9676 % 2,480.8
OpRet 0.00 % 0.00 % 0 0.00 0 0.0827 % 3,128.9
SplitShare 4.71 % 5.37 % 98,228 4.58 7 0.0827 % 3,736.6
Interest-Bearing 0.00 % 0.00 % 0 0.00 0 0.0827 % 2,915.5
Perpetual-Premium 5.64 % 6.10 % 150,611 13.67 2 -0.6180 % 2,834.3
Perpetual-Discount 5.84 % 6.03 % 73,664 13.75 33 -0.7335 % 2,826.5
FixedReset Disc 5.32 % 5.87 % 230,980 14.07 66 -0.9659 % 2,111.6
Deemed-Retractible 5.61 % 8.02 % 99,820 5.11 27 -0.4522 % 2,822.7
FloatingReset 4.26 % 5.36 % 42,309 2.95 7 -1.3431 % 2,366.2
FixedReset Prem 5.17 % 4.50 % 288,729 2.27 14 -0.2952 % 2,506.0
FixedReset Bank Non 3.00 % 4.18 % 146,500 2.91 6 -0.4907 % 2,544.9
FixedReset Ins Non 5.21 % 9.12 % 156,358 5.17 22 -1.7543 % 2,149.2
Performance Highlights
Issue Index Change Notes
TRP.PR.G FixedReset Disc -5.99 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-20
Maturity Price : 18.36
Evaluated at bid price : 18.36
Bid-YTW : 6.68 %
TRP.PR.F FloatingReset -5.01 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-20
Maturity Price : 14.78
Evaluated at bid price : 14.78
Bid-YTW : 6.04 %
IAG.PR.G FixedReset Ins Non -3.89 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 19.99
Bid-YTW : 8.50 %
BNS.PR.I FixedReset Disc -3.63 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-20
Maturity Price : 21.49
Evaluated at bid price : 21.49
Bid-YTW : 5.45 %
BMO.PR.D FixedReset Disc -3.43 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-20
Maturity Price : 21.38
Evaluated at bid price : 21.70
Bid-YTW : 5.85 %
NA.PR.E FixedReset Disc -3.38 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-20
Maturity Price : 18.86
Evaluated at bid price : 18.86
Bid-YTW : 6.21 %
TRP.PR.B FixedReset Disc -3.35 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-20
Maturity Price : 12.13
Evaluated at bid price : 12.13
Bid-YTW : 6.66 %
IFC.PR.C FixedReset Ins Non -3.27 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 17.18
Bid-YTW : 11.25 %
TRP.PR.A FixedReset Disc -3.24 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-20
Maturity Price : 14.63
Evaluated at bid price : 14.63
Bid-YTW : 6.74 %
PWF.PR.T FixedReset Disc -3.24 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-20
Maturity Price : 18.84
Evaluated at bid price : 18.84
Bid-YTW : 5.95 %
HSE.PR.G FixedReset Disc -3.23 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-20
Maturity Price : 18.00
Evaluated at bid price : 18.00
Bid-YTW : 7.64 %
SLF.PR.H FixedReset Ins Non -3.23 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 17.70
Bid-YTW : 10.06 %
BAM.PF.F FixedReset Disc -3.07 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-20
Maturity Price : 18.95
Evaluated at bid price : 18.95
Bid-YTW : 6.48 %
BAM.PF.G FixedReset Disc -3.01 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-20
Maturity Price : 19.01
Evaluated at bid price : 19.01
Bid-YTW : 6.41 %
HSE.PR.E FixedReset Disc -2.96 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-20
Maturity Price : 18.00
Evaluated at bid price : 18.00
Bid-YTW : 7.69 %
CM.PR.S FixedReset Disc -2.84 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-20
Maturity Price : 19.51
Evaluated at bid price : 19.51
Bid-YTW : 5.85 %
SLF.PR.G FixedReset Ins Non -2.82 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 14.50
Bid-YTW : 13.43 %
IFC.PR.A FixedReset Ins Non -2.69 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 16.25
Bid-YTW : 11.70 %
PWF.PR.R Perpetual-Discount -2.69 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-20
Maturity Price : 22.13
Evaluated at bid price : 22.42
Bid-YTW : 6.23 %
MFC.PR.G FixedReset Ins Non -2.68 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 19.25
Bid-YTW : 9.48 %
BAM.PR.X FixedReset Disc -2.67 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-20
Maturity Price : 14.94
Evaluated at bid price : 14.94
Bid-YTW : 6.06 %
IAG.PR.I FixedReset Ins Non -2.63 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 21.45
Bid-YTW : 7.77 %
PWF.PR.P FixedReset Disc -2.59 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-20
Maturity Price : 14.69
Evaluated at bid price : 14.69
Bid-YTW : 5.99 %
RY.PR.S FixedReset Disc -2.52 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-20
Maturity Price : 21.25
Evaluated at bid price : 21.25
Bid-YTW : 5.42 %
MFC.PR.M FixedReset Ins Non -2.31 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 18.20
Bid-YTW : 10.51 %
BNS.PR.D FloatingReset -2.29 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2022-01-31
Maturity Price : 25.00
Evaluated at bid price : 23.50
Bid-YTW : 4.88 %
BNS.PR.Z FixedReset Bank Non -2.27 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2022-01-31
Maturity Price : 25.00
Evaluated at bid price : 22.83
Bid-YTW : 5.66 %
TD.PF.I FixedReset Disc -2.25 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-20
Maturity Price : 21.42
Evaluated at bid price : 21.75
Bid-YTW : 5.73 %
CM.PR.P FixedReset Disc -2.22 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-20
Maturity Price : 18.06
Evaluated at bid price : 18.06
Bid-YTW : 5.96 %
IFC.PR.G FixedReset Ins Non -2.21 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 19.87
Bid-YTW : 9.33 %
PWF.PR.H Perpetual-Discount -2.17 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-20
Maturity Price : 23.65
Evaluated at bid price : 23.92
Bid-YTW : 6.10 %
PWF.PR.L Perpetual-Discount -2.16 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-20
Maturity Price : 21.28
Evaluated at bid price : 21.28
Bid-YTW : 6.10 %
TRP.PR.C FixedReset Disc -2.13 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-20
Maturity Price : 12.86
Evaluated at bid price : 12.86
Bid-YTW : 6.71 %
MFC.PR.J FixedReset Ins Non -2.12 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 19.90
Bid-YTW : 9.12 %
TD.PF.D FixedReset Disc -2.07 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-20
Maturity Price : 20.36
Evaluated at bid price : 20.36
Bid-YTW : 5.87 %
MFC.PR.H FixedReset Ins Non -2.05 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 21.01
Bid-YTW : 8.63 %
MFC.PR.R FixedReset Ins Non -2.00 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 24.01
Bid-YTW : 6.14 %
MFC.PR.K FixedReset Ins Non -1.99 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 19.21
Bid-YTW : 9.37 %
HSE.PR.C FixedReset Disc -1.94 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-20
Maturity Price : 16.67
Evaluated at bid price : 16.67
Bid-YTW : 7.73 %
TD.PF.K FixedReset Disc -1.91 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-20
Maturity Price : 21.05
Evaluated at bid price : 21.05
Bid-YTW : 5.68 %
GWO.PR.S Deemed-Retractible -1.89 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 22.37
Bid-YTW : 7.44 %
TD.PF.J FixedReset Disc -1.88 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-20
Maturity Price : 20.85
Evaluated at bid price : 20.85
Bid-YTW : 5.77 %
NA.PR.G FixedReset Disc -1.83 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-20
Maturity Price : 20.87
Evaluated at bid price : 20.87
Bid-YTW : 5.89 %
TRP.PR.E FixedReset Disc -1.71 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-20
Maturity Price : 17.20
Evaluated at bid price : 17.20
Bid-YTW : 6.49 %
IFC.PR.F Deemed-Retractible -1.67 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 21.78
Bid-YTW : 8.02 %
IFC.PR.E Deemed-Retractible -1.62 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 21.84
Bid-YTW : 7.86 %
TRP.PR.H FloatingReset -1.60 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-20
Maturity Price : 12.30
Evaluated at bid price : 12.30
Bid-YTW : 5.95 %
POW.PR.G Perpetual-Discount -1.58 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-20
Maturity Price : 23.17
Evaluated at bid price : 23.68
Bid-YTW : 6.01 %
BAM.PR.M Perpetual-Discount -1.58 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-20
Maturity Price : 18.70
Evaluated at bid price : 18.70
Bid-YTW : 6.39 %
BIP.PR.A FixedReset Disc -1.53 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-20
Maturity Price : 19.25
Evaluated at bid price : 19.25
Bid-YTW : 7.18 %
GWO.PR.P Deemed-Retractible -1.48 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 22.66
Bid-YTW : 7.34 %
BNS.PR.F FloatingReset -1.47 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2022-01-31
Maturity Price : 25.00
Evaluated at bid price : 23.43
Bid-YTW : 5.36 %
RY.PR.J FixedReset Disc -1.47 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-20
Maturity Price : 20.10
Evaluated at bid price : 20.10
Bid-YTW : 5.89 %
RY.PR.M FixedReset Disc -1.44 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-20
Maturity Price : 19.91
Evaluated at bid price : 19.91
Bid-YTW : 5.76 %
CM.PR.O FixedReset Disc -1.35 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-20
Maturity Price : 18.30
Evaluated at bid price : 18.30
Bid-YTW : 6.03 %
BAM.PF.B FixedReset Disc -1.31 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-20
Maturity Price : 18.85
Evaluated at bid price : 18.85
Bid-YTW : 6.23 %
PWF.PR.G Perpetual-Discount -1.30 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-20
Maturity Price : 24.05
Evaluated at bid price : 24.30
Bid-YTW : 6.16 %
CU.PR.D Perpetual-Discount -1.29 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-20
Maturity Price : 21.47
Evaluated at bid price : 21.47
Bid-YTW : 5.77 %
MFC.PR.Q FixedReset Ins Non -1.23 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 20.00
Bid-YTW : 9.06 %
BAM.PR.R FixedReset Disc -1.20 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-20
Maturity Price : 16.40
Evaluated at bid price : 16.40
Bid-YTW : 6.33 %
BMO.PR.E FixedReset Disc -1.18 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-20
Maturity Price : 21.46
Evaluated at bid price : 21.75
Bid-YTW : 5.59 %
PWF.PR.E Perpetual-Discount -1.17 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-20
Maturity Price : 22.55
Evaluated at bid price : 22.80
Bid-YTW : 6.12 %
TRP.PR.J FixedReset Prem -1.13 % YTW SCENARIO
Maturity Type : Call
Maturity Date : 2021-05-31
Maturity Price : 25.00
Evaluated at bid price : 25.41
Bid-YTW : 4.94 %
MFC.PR.L FixedReset Ins Non -1.13 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 17.55
Bid-YTW : 11.08 %
SLF.PR.J FloatingReset -1.10 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 14.45
Bid-YTW : 13.37 %
CU.PR.C FixedReset Disc -1.08 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-20
Maturity Price : 17.41
Evaluated at bid price : 17.41
Bid-YTW : 6.13 %
EMA.PR.F FixedReset Disc -1.07 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-20
Maturity Price : 18.45
Evaluated at bid price : 18.45
Bid-YTW : 6.37 %
GWO.PR.G Deemed-Retractible -1.06 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 21.47
Bid-YTW : 8.20 %
POW.PR.D Perpetual-Discount -1.04 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-20
Maturity Price : 20.90
Evaluated at bid price : 20.90
Bid-YTW : 6.10 %
PWF.PR.O Perpetual-Discount -1.02 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-20
Maturity Price : 23.91
Evaluated at bid price : 24.15
Bid-YTW : 6.10 %
EML.PR.A FixedReset Ins Non -1.02 % YTW SCENARIO
Maturity Type : Call
Maturity Date : 2021-04-17
Maturity Price : 25.00
Evaluated at bid price : 25.15
Bid-YTW : 5.31 %
TD.PF.A FixedReset Disc 1.03 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-20
Maturity Price : 18.70
Evaluated at bid price : 18.70
Bid-YTW : 5.79 %
CM.PR.R FixedReset Disc 1.11 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-20
Maturity Price : 22.22
Evaluated at bid price : 22.75
Bid-YTW : 5.76 %
CCS.PR.C Deemed-Retractible 1.12 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 21.70
Bid-YTW : 7.77 %
TRP.PR.D FixedReset Disc 1.26 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-20
Maturity Price : 16.82
Evaluated at bid price : 16.82
Bid-YTW : 6.68 %
EIT.PR.A SplitShare 1.29 % YTW SCENARIO
Maturity Type : Soft Maturity
Maturity Date : 2024-03-14
Maturity Price : 25.00
Evaluated at bid price : 24.41
Bid-YTW : 5.37 %
PWF.PR.K Perpetual-Discount 2.00 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-20
Maturity Price : 20.40
Evaluated at bid price : 20.40
Bid-YTW : 6.17 %
PWF.PR.Q FloatingReset 2.04 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-20
Maturity Price : 15.00
Evaluated at bid price : 15.00
Bid-YTW : 5.48 %
BIP.PR.F FixedReset Disc 2.66 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-20
Maturity Price : 21.65
Evaluated at bid price : 22.02
Bid-YTW : 5.80 %
NA.PR.S FixedReset Disc 2.89 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-20
Maturity Price : 18.16
Evaluated at bid price : 18.16
Bid-YTW : 6.19 %
BAM.PR.T FixedReset Disc 3.85 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-20
Maturity Price : 16.45
Evaluated at bid price : 16.45
Bid-YTW : 6.37 %
BIP.PR.E FixedReset Disc 5.07 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-20
Maturity Price : 22.20
Evaluated at bid price : 22.80
Bid-YTW : 5.51 %
BAM.PR.K Floater 7.05 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-20
Maturity Price : 12.90
Evaluated at bid price : 12.90
Bid-YTW : 5.37 %
Volume Highlights
Issue Index Shares
Traded		 Notes
BMO.PR.C FixedReset Disc 129,899 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-20
Maturity Price : 22.43
Evaluated at bid price : 23.06
Bid-YTW : 5.66 %
BNS.PR.H FixedReset Prem 105,095 YTW SCENARIO
Maturity Type : Call
Maturity Date : 2022-01-26
Maturity Price : 25.00
Evaluated at bid price : 25.51
Bid-YTW : 4.41 %
BMO.PR.S FixedReset Disc 89,772 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-20
Maturity Price : 18.76
Evaluated at bid price : 18.76
Bid-YTW : 5.88 %
CM.PR.R FixedReset Disc 86,991 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-20
Maturity Price : 22.22
Evaluated at bid price : 22.75
Bid-YTW : 5.76 %
NA.PR.A FixedReset Prem 65,363 YTW SCENARIO
Maturity Type : Call
Maturity Date : 2021-08-15
Maturity Price : 25.00
Evaluated at bid price : 25.40
Bid-YTW : 5.00 %
BMO.PR.T FixedReset Disc 65,159 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-20
Maturity Price : 18.46
Evaluated at bid price : 18.46
Bid-YTW : 5.85 %
There were 110 other index-included issues trading in excess of 10,000 shares.
Wide Spread Highlights
Issue Index Quote Data and Yield Notes
EIT.PR.B SplitShare Quote: 23.81 – 24.83
Spot Rate : 1.0200
Average : 0.8226

YTW SCENARIO
Maturity Type : Soft Maturity
Maturity Date : 2025-03-14
Maturity Price : 25.00
Evaluated at bid price : 23.81
Bid-YTW : 5.77 %
GWO.PR.S Deemed-Retractible Quote: 22.37 – 22.93
Spot Rate : 0.5600
Average : 0.3926

YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 22.37
Bid-YTW : 7.44 %
GWO.PR.G Deemed-Retractible Quote: 21.47 – 21.90
Spot Rate : 0.4300
Average : 0.2868

YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 21.47
Bid-YTW : 8.20 %
BAM.PR.R FixedReset Disc Quote: 16.40 – 16.88
Spot Rate : 0.4800
Average : 0.3599

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-20
Maturity Price : 16.40
Evaluated at bid price : 16.40
Bid-YTW : 6.33 %
BAM.PF.H FixedReset Prem Quote: 25.50 – 25.85
Spot Rate : 0.3500
Average : 0.2326

YTW SCENARIO
Maturity Type : Call
Maturity Date : 2020-12-31
Maturity Price : 25.00
Evaluated at bid price : 25.50
Bid-YTW : 3.91 %
POW.PR.G Perpetual-Discount Quote: 23.68 – 24.00
Spot Rate : 0.3200
Average : 0.2066

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-20
Maturity Price : 23.17
Evaluated at bid price : 23.68
Bid-YTW : 6.01 %