The Canadian preferred share market had a superb day today, with PerpetualDiscounts gaining 193bp, FixedResets winning 328bp and DeemedRetractibles up 223bp. The Performance Highlights table is ridiculous. Volume was very high.
For as long as the FixedReset market is so violently unsettled, I’ll keep publishing updates of the more interesting and meaningful series of FixedResets’ Implied Volatilities. This doesn’t include Enbridge because although Enbridge has a large number of issues outstanding, all of which are quite liquid, the range of Issue Reset Spreads is too small for decent conclusions. The low is 212bp (ENB.PR.H; second-lowest is ENB.PR.D at 237bp) and the high is a mere 268 for ENB.PF.G.
TRP.PR.E, which resets 2019-10-30 at +235, is bid at 16.72 to be $1.00 rich, while TRP.PR.B, resetting 2020-6-30 at +128, is $0.82 cheap at its bid price of 9.52.
Most expensive is MFC.PR.N, resetting at +230bp on 2020-3-19, bid at 17.00 to be 0.81 rich, while MFC.PR.G, resetting at +290bp on 2016-12-19, is bid at 17.68 to be 0.82 cheap.
The cheapest issue relative to its peers is BAM.PR.R, resetting at +230bp on 2016-6-30, bid at 13.43 to be $1.88 cheap. BAM.PF.F, resetting at +286bp on 2019-9-30 is bid at 19.45 and appears to be $1.33 rich.
FTS.PR.K, with a spread of +205bp, and bid at 15.75, looks $0.50 expensive and resets 2019-3-1. FTS.PR.G, with a spread of +213bp and resetting 2018-9-1, is bid at 15.17 and is $0.48 cheap.
Investment-grade pairs predict an average three-month bill yield over the next five-odd years of -0.31%, with two outliers below -1.00%. There are five junk outliers below -1.00% and one above +1.00%
Shall we just say that this exhibits a high level of confidence in the continued rapacity of Canadian banks?
Performance Highlights |
Issue |
Index |
Change |
Notes |
BIP.PR.B |
FixedReset |
1.05 % |
YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2046-01-22
Maturity Price : 21.71
Evaluated at bid price : 22.10
Bid-YTW : 6.31 % |
PWF.PR.K |
Perpetual-Discount |
1.19 % |
YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2046-01-22
Maturity Price : 21.25
Evaluated at bid price : 21.25
Bid-YTW : 5.86 % |
BMO.PR.L |
Deemed-Retractible |
1.26 % |
YTW SCENARIO
Maturity Type : Call
Maturity Date : 2016-05-25
Maturity Price : 25.25
Evaluated at bid price : 25.77
Bid-YTW : 2.31 % |
RY.PR.B |
Deemed-Retractible |
1.26 % |
YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2022-01-31
Maturity Price : 25.00
Evaluated at bid price : 24.08
Bid-YTW : 5.37 % |
RY.PR.F |
Deemed-Retractible |
1.29 % |
YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2022-01-31
Maturity Price : 25.00
Evaluated at bid price : 23.92
Bid-YTW : 5.25 % |
IGM.PR.B |
Perpetual-Premium |
1.30 % |
YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2046-01-22
Maturity Price : 23.77
Evaluated at bid price : 24.21
Bid-YTW : 6.11 % |
BMO.PR.Z |
Perpetual-Discount |
1.32 % |
YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2046-01-22
Maturity Price : 22.04
Evaluated at bid price : 22.34
Bid-YTW : 5.68 % |
RY.PR.A |
Deemed-Retractible |
1.33 % |
YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2022-01-31
Maturity Price : 25.00
Evaluated at bid price : 23.90
Bid-YTW : 5.26 % |
RY.PR.O |
Perpetual-Discount |
1.35 % |
YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2046-01-22
Maturity Price : 21.70
Evaluated at bid price : 21.99
Bid-YTW : 5.56 % |
PWF.PR.A |
Floater |
1.38 % |
YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2046-01-22
Maturity Price : 11.05
Evaluated at bid price : 11.05
Bid-YTW : 4.33 % |
BNS.PR.O |
Deemed-Retractible |
1.40 % |
YTW SCENARIO
Maturity Type : Call
Maturity Date : 2016-04-27
Maturity Price : 25.25
Evaluated at bid price : 25.39
Bid-YTW : 2.85 % |
RY.PR.E |
Deemed-Retractible |
1.43 % |
YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2022-01-31
Maturity Price : 25.00
Evaluated at bid price : 23.96
Bid-YTW : 5.27 % |
CU.PR.H |
Perpetual-Discount |
1.46 % |
YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2046-01-22
Maturity Price : 21.98
Evaluated at bid price : 22.26
Bid-YTW : 5.98 % |
RY.PR.C |
Deemed-Retractible |
1.49 % |
YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2022-01-31
Maturity Price : 25.00
Evaluated at bid price : 24.06
Bid-YTW : 5.29 % |
RY.PR.D |
Deemed-Retractible |
1.56 % |
YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2022-01-31
Maturity Price : 25.00
Evaluated at bid price : 23.95
Bid-YTW : 5.27 % |
BNS.PR.R |
FixedReset |
1.57 % |
YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2022-01-31
Maturity Price : 25.00
Evaluated at bid price : 22.65
Bid-YTW : 5.01 % |
BMO.PR.K |
Deemed-Retractible |
1.58 % |
YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2022-01-31
Maturity Price : 25.00
Evaluated at bid price : 25.14
Bid-YTW : 5.34 % |
TRP.PR.B |
FixedReset |
1.60 % |
YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2046-01-22
Maturity Price : 9.52
Evaluated at bid price : 9.52
Bid-YTW : 5.09 % |
GWO.PR.L |
Deemed-Retractible |
1.61 % |
YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 24.65
Bid-YTW : 5.94 % |
BNS.PR.B |
FloatingReset |
1.62 % |
YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2022-01-31
Maturity Price : 25.00
Evaluated at bid price : 21.35
Bid-YTW : 4.75 % |
ELF.PR.F |
Perpetual-Discount |
1.64 % |
YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2046-01-22
Maturity Price : 21.49
Evaluated at bid price : 21.75
Bid-YTW : 6.13 % |
CU.PR.D |
Perpetual-Discount |
1.67 % |
YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2046-01-22
Maturity Price : 20.69
Evaluated at bid price : 20.69
Bid-YTW : 6.03 % |
RY.PR.G |
Deemed-Retractible |
1.68 % |
YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2022-01-31
Maturity Price : 25.00
Evaluated at bid price : 23.98
Bid-YTW : 5.25 % |
CCS.PR.C |
Deemed-Retractible |
1.69 % |
YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 21.10
Bid-YTW : 7.50 % |
BAM.PR.Z |
FixedReset |
1.76 % |
YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2046-01-22
Maturity Price : 17.93
Evaluated at bid price : 17.93
Bid-YTW : 5.16 % |
PWF.PR.H |
Perpetual-Premium |
1.78 % |
YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2046-01-22
Maturity Price : 24.25
Evaluated at bid price : 24.54
Bid-YTW : 5.88 % |
RY.PR.W |
Perpetual-Discount |
1.79 % |
YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2046-01-22
Maturity Price : 22.01
Evaluated at bid price : 22.25
Bid-YTW : 5.50 % |
PWF.PR.O |
Perpetual-Premium |
1.81 % |
YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2046-01-22
Maturity Price : 24.26
Evaluated at bid price : 24.76
Bid-YTW : 5.86 % |
FTS.PR.F |
Perpetual-Discount |
1.81 % |
YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2046-01-22
Maturity Price : 21.38
Evaluated at bid price : 21.38
Bid-YTW : 5.83 % |
CU.PR.F |
Perpetual-Discount |
1.81 % |
YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2046-01-22
Maturity Price : 19.10
Evaluated at bid price : 19.10
Bid-YTW : 5.99 % |
RY.PR.N |
Perpetual-Discount |
1.82 % |
YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2046-01-22
Maturity Price : 21.59
Evaluated at bid price : 21.92
Bid-YTW : 5.57 % |
CU.PR.G |
Perpetual-Discount |
1.82 % |
YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2046-01-22
Maturity Price : 19.04
Evaluated at bid price : 19.04
Bid-YTW : 6.01 % |
TD.PF.C |
FixedReset |
1.82 % |
YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2046-01-22
Maturity Price : 16.80
Evaluated at bid price : 16.80
Bid-YTW : 4.50 % |
CU.PR.E |
Perpetual-Discount |
1.82 % |
YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2046-01-22
Maturity Price : 20.70
Evaluated at bid price : 20.70
Bid-YTW : 6.02 % |
W.PR.J |
Perpetual-Discount |
1.83 % |
YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2046-01-22
Maturity Price : 22.00
Evaluated at bid price : 22.23
Bid-YTW : 6.34 % |
NA.PR.Q |
FixedReset |
1.87 % |
YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2022-01-31
Maturity Price : 25.00
Evaluated at bid price : 21.76
Bid-YTW : 5.81 % |
BNS.PR.Y |
FixedReset |
1.92 % |
YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2022-01-31
Maturity Price : 25.00
Evaluated at bid price : 19.13
Bid-YTW : 6.53 % |
BNS.PR.C |
FloatingReset |
1.95 % |
YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2022-01-31
Maturity Price : 25.00
Evaluated at bid price : 21.41
Bid-YTW : 4.89 % |
PWF.PR.R |
Perpetual-Discount |
1.99 % |
YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2046-01-22
Maturity Price : 23.10
Evaluated at bid price : 23.52
Bid-YTW : 5.86 % |
W.PR.H |
Perpetual-Discount |
2.04 % |
YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2046-01-22
Maturity Price : 21.78
Evaluated at bid price : 22.02
Bid-YTW : 6.29 % |
BAM.PR.G |
FixedFloater |
2.05 % |
YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2046-01-22
Maturity Price : 25.00
Evaluated at bid price : 12.45
Bid-YTW : 6.66 % |
BNS.PR.N |
Deemed-Retractible |
2.06 % |
YTW SCENARIO
Maturity Type : Call
Maturity Date : 2017-01-27
Maturity Price : 25.00
Evaluated at bid price : 25.22
Bid-YTW : 4.24 % |
BMO.PR.R |
FloatingReset |
2.07 % |
YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2022-01-31
Maturity Price : 25.00
Evaluated at bid price : 21.70
Bid-YTW : 4.50 % |
BNS.PR.L |
Deemed-Retractible |
2.08 % |
YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2022-01-31
Maturity Price : 25.00
Evaluated at bid price : 24.05
Bid-YTW : 5.25 % |
PWF.PR.F |
Perpetual-Discount |
2.09 % |
YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2046-01-22
Maturity Price : 22.18
Evaluated at bid price : 22.46
Bid-YTW : 5.86 % |
MFC.PR.I |
FixedReset |
2.16 % |
YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 17.98
Bid-YTW : 8.20 % |
PWF.PR.E |
Perpetual-Discount |
2.17 % |
YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2046-01-22
Maturity Price : 23.27
Evaluated at bid price : 23.57
Bid-YTW : 5.85 % |
RY.PR.L |
FixedReset |
2.17 % |
YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2022-01-31
Maturity Price : 25.00
Evaluated at bid price : 24.00
Bid-YTW : 4.49 % |
TD.PR.Y |
FixedReset |
2.25 % |
YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2022-01-31
Maturity Price : 25.00
Evaluated at bid price : 22.70
Bid-YTW : 4.65 % |
ELF.PR.G |
Perpetual-Discount |
2.26 % |
YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2046-01-22
Maturity Price : 20.40
Evaluated at bid price : 20.40
Bid-YTW : 5.87 % |
BAM.PR.C |
Floater |
2.27 % |
YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2046-01-22
Maturity Price : 9.45
Evaluated at bid price : 9.45
Bid-YTW : 5.05 % |
BNS.PR.M |
Deemed-Retractible |
2.29 % |
YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2022-01-31
Maturity Price : 25.00
Evaluated at bid price : 24.09
Bid-YTW : 5.22 % |
FTS.PR.J |
Perpetual-Discount |
2.33 % |
YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2046-01-22
Maturity Price : 20.65
Evaluated at bid price : 20.65
Bid-YTW : 5.85 % |
BAM.PR.B |
Floater |
2.34 % |
YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2046-01-22
Maturity Price : 9.62
Evaluated at bid price : 9.62
Bid-YTW : 4.96 % |
BAM.PF.B |
FixedReset |
2.39 % |
YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2046-01-22
Maturity Price : 17.15
Evaluated at bid price : 17.15
Bid-YTW : 4.96 % |
TD.PR.Z |
FloatingReset |
2.45 % |
YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2022-01-31
Maturity Price : 25.00
Evaluated at bid price : 21.76
Bid-YTW : 4.39 % |
POW.PR.C |
Perpetual-Premium |
2.48 % |
YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2046-01-22
Maturity Price : 24.50
Evaluated at bid price : 24.75
Bid-YTW : 5.90 % |
GWO.PR.G |
Deemed-Retractible |
2.52 % |
YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 22.75
Bid-YTW : 6.63 % |
CM.PR.O |
FixedReset |
2.53 % |
YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2046-01-22
Maturity Price : 17.00
Evaluated at bid price : 17.00
Bid-YTW : 4.56 % |
MFC.PR.L |
FixedReset |
2.53 % |
YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 16.19
Bid-YTW : 9.18 % |
TD.PR.T |
FloatingReset |
2.54 % |
YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2022-01-31
Maturity Price : 25.00
Evaluated at bid price : 21.80
Bid-YTW : 4.27 % |
POW.PR.D |
Perpetual-Discount |
2.62 % |
YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2046-01-22
Maturity Price : 21.28
Evaluated at bid price : 21.55
Bid-YTW : 5.83 % |
PWF.PR.L |
Perpetual-Discount |
2.64 % |
YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2046-01-22
Maturity Price : 21.55
Evaluated at bid price : 21.81
Bid-YTW : 5.86 % |
POW.PR.G |
Perpetual-Discount |
2.68 % |
YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2046-01-22
Maturity Price : 23.67
Evaluated at bid price : 24.16
Bid-YTW : 5.82 % |
GWO.PR.H |
Deemed-Retractible |
2.68 % |
YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 21.42
Bid-YTW : 7.11 % |
CIU.PR.C |
FixedReset |
2.75 % |
YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2046-01-22
Maturity Price : 10.46
Evaluated at bid price : 10.46
Bid-YTW : 4.74 % |
BAM.PF.D |
Perpetual-Discount |
2.75 % |
YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2046-01-22
Maturity Price : 19.42
Evaluated at bid price : 19.42
Bid-YTW : 6.39 % |
BAM.PF.C |
Perpetual-Discount |
2.78 % |
YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2046-01-22
Maturity Price : 19.25
Evaluated at bid price : 19.25
Bid-YTW : 6.38 % |
POW.PR.B |
Perpetual-Discount |
2.86 % |
YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2046-01-22
Maturity Price : 22.71
Evaluated at bid price : 23.00
Bid-YTW : 5.85 % |
GWO.PR.I |
Deemed-Retractible |
2.88 % |
YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 20.39
Bid-YTW : 7.42 % |
MFC.PR.K |
FixedReset |
2.88 % |
YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 15.70
Bid-YTW : 9.46 % |
BAM.PF.E |
FixedReset |
2.91 % |
YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2046-01-22
Maturity Price : 17.70
Evaluated at bid price : 17.70
Bid-YTW : 4.86 % |
HSE.PR.C |
FixedReset |
2.91 % |
YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2046-01-22
Maturity Price : 13.45
Evaluated at bid price : 13.45
Bid-YTW : 7.37 % |
BAM.PR.R |
FixedReset |
2.91 % |
YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2046-01-22
Maturity Price : 13.43
Evaluated at bid price : 13.43
Bid-YTW : 5.47 % |
BAM.PR.N |
Perpetual-Discount |
2.93 % |
YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2046-01-22
Maturity Price : 18.99
Evaluated at bid price : 18.99
Bid-YTW : 6.33 % |
MFC.PR.H |
FixedReset |
2.94 % |
YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 19.25
Bid-YTW : 7.47 % |
POW.PR.A |
Perpetual-Discount |
3.09 % |
YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2046-01-22
Maturity Price : 23.74
Evaluated at bid price : 24.05
Bid-YTW : 5.86 % |
TRP.PR.C |
FixedReset |
3.09 % |
YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2046-01-22
Maturity Price : 11.00
Evaluated at bid price : 11.00
Bid-YTW : 4.81 % |
BAM.PR.M |
Perpetual-Discount |
3.10 % |
YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2046-01-22
Maturity Price : 18.96
Evaluated at bid price : 18.96
Bid-YTW : 6.34 % |
BIP.PR.A |
FixedReset |
3.14 % |
YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2046-01-22
Maturity Price : 17.10
Evaluated at bid price : 17.10
Bid-YTW : 6.25 % |
GWO.PR.S |
Deemed-Retractible |
3.15 % |
YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 23.59
Bid-YTW : 6.16 % |
BMO.PR.T |
FixedReset |
3.16 % |
YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2046-01-22
Maturity Price : 17.28
Evaluated at bid price : 17.28
Bid-YTW : 4.43 % |
NA.PR.S |
FixedReset |
3.19 % |
YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2046-01-22
Maturity Price : 16.82
Evaluated at bid price : 16.82
Bid-YTW : 4.71 % |
BMO.PR.S |
FixedReset |
3.20 % |
YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2046-01-22
Maturity Price : 17.40
Evaluated at bid price : 17.40
Bid-YTW : 4.52 % |
TD.PF.A |
FixedReset |
3.21 % |
YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2046-01-22
Maturity Price : 17.03
Evaluated at bid price : 17.03
Bid-YTW : 4.45 % |
CU.PR.I |
FixedReset |
3.22 % |
YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2046-01-22
Maturity Price : 23.27
Evaluated at bid price : 25.30
Bid-YTW : 4.38 % |
IFC.PR.A |
FixedReset |
3.27 % |
YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 13.56
Bid-YTW : 11.01 % |
BAM.PF.G |
FixedReset |
3.29 % |
YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2046-01-22
Maturity Price : 18.85
Evaluated at bid price : 18.85
Bid-YTW : 4.91 % |
GWO.PR.R |
Deemed-Retractible |
3.29 % |
YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 21.35
Bid-YTW : 7.10 % |
BAM.PR.X |
FixedReset |
3.32 % |
YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2046-01-22
Maturity Price : 12.75
Evaluated at bid price : 12.75
Bid-YTW : 5.02 % |
GWO.PR.Q |
Deemed-Retractible |
3.34 % |
YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 22.87
Bid-YTW : 6.50 % |
RY.PR.P |
Perpetual-Discount |
3.36 % |
YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2046-01-22
Maturity Price : 23.13
Evaluated at bid price : 23.55
Bid-YTW : 5.55 % |
MFC.PR.M |
FixedReset |
3.37 % |
YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 17.16
Bid-YTW : 8.57 % |
MFC.PR.G |
FixedReset |
3.39 % |
YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 17.68
Bid-YTW : 8.35 % |
PWF.PR.P |
FixedReset |
3.43 % |
YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2046-01-22
Maturity Price : 11.45
Evaluated at bid price : 11.45
Bid-YTW : 4.75 % |
RY.PR.Z |
FixedReset |
3.43 % |
YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2046-01-22
Maturity Price : 17.22
Evaluated at bid price : 17.22
Bid-YTW : 4.33 % |
BAM.PR.T |
FixedReset |
3.50 % |
YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2046-01-22
Maturity Price : 14.48
Evaluated at bid price : 14.48
Bid-YTW : 5.19 % |
RY.PR.I |
FixedReset |
3.54 % |
YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2022-01-31
Maturity Price : 25.00
Evaluated at bid price : 22.30
Bid-YTW : 5.11 % |
GWO.PR.P |
Deemed-Retractible |
3.58 % |
YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 24.01
Bid-YTW : 6.06 % |
BNS.PR.Q |
FixedReset |
3.60 % |
YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2022-01-31
Maturity Price : 25.00
Evaluated at bid price : 22.74
Bid-YTW : 4.66 % |
NA.PR.W |
FixedReset |
3.74 % |
YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2046-01-22
Maturity Price : 16.35
Evaluated at bid price : 16.35
Bid-YTW : 4.66 % |
TD.PF.B |
FixedReset |
3.78 % |
YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2046-01-22
Maturity Price : 17.28
Evaluated at bid price : 17.28
Bid-YTW : 4.37 % |
RY.PR.H |
FixedReset |
3.81 % |
YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2046-01-22
Maturity Price : 17.30
Evaluated at bid price : 17.30
Bid-YTW : 4.36 % |
TD.PR.S |
FixedReset |
3.82 % |
YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2022-01-31
Maturity Price : 25.00
Evaluated at bid price : 23.10
Bid-YTW : 4.13 % |
MFC.PR.J |
FixedReset |
3.83 % |
YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 17.34
Bid-YTW : 8.41 % |
MFC.PR.C |
Deemed-Retractible |
3.88 % |
YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 20.37
Bid-YTW : 7.46 % |
MFC.PR.B |
Deemed-Retractible |
3.91 % |
YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 20.74
Bid-YTW : 7.38 % |
VNR.PR.A |
FixedReset |
4.00 % |
YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2046-01-22
Maturity Price : 16.65
Evaluated at bid price : 16.65
Bid-YTW : 5.24 % |
BAM.PR.E |
Ratchet |
4.05 % |
YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2046-01-22
Maturity Price : 25.00
Evaluated at bid price : 12.85
Bid-YTW : 6.43 % |
SLF.PR.G |
FixedReset |
4.07 % |
YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 12.80
Bid-YTW : 10.80 % |
BNS.PR.P |
FixedReset |
4.18 % |
YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2022-01-31
Maturity Price : 25.00
Evaluated at bid price : 23.70
Bid-YTW : 3.88 % |
HSE.PR.G |
FixedReset |
4.33 % |
YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2046-01-22
Maturity Price : 14.71
Evaluated at bid price : 14.71
Bid-YTW : 7.30 % |
IFC.PR.C |
FixedReset |
4.33 % |
YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 15.91
Bid-YTW : 9.45 % |
SLF.PR.B |
Deemed-Retractible |
4.36 % |
YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 21.56
Bid-YTW : 6.96 % |
SLF.PR.E |
Deemed-Retractible |
4.36 % |
YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 20.34
Bid-YTW : 7.46 % |
SLF.PR.A |
Deemed-Retractible |
4.43 % |
YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 21.43
Bid-YTW : 6.99 % |
FTS.PR.M |
FixedReset |
4.52 % |
YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2046-01-22
Maturity Price : 17.35
Evaluated at bid price : 17.35
Bid-YTW : 4.78 % |
HSE.PR.A |
FixedReset |
4.52 % |
YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2046-01-22
Maturity Price : 8.55
Evaluated at bid price : 8.55
Bid-YTW : 6.79 % |
BMO.PR.W |
FixedReset |
4.60 % |
YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2046-01-22
Maturity Price : 17.05
Evaluated at bid price : 17.05
Bid-YTW : 4.46 % |
SLF.PR.D |
Deemed-Retractible |
4.61 % |
YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 20.18
Bid-YTW : 7.51 % |
SLF.PR.C |
Deemed-Retractible |
4.62 % |
YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 20.38
Bid-YTW : 7.37 % |
HSE.PR.E |
FixedReset |
4.65 % |
YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2046-01-22
Maturity Price : 14.40
Evaluated at bid price : 14.40
Bid-YTW : 7.46 % |
RY.PR.J |
FixedReset |
4.71 % |
YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2046-01-22
Maturity Price : 18.10
Evaluated at bid price : 18.10
Bid-YTW : 4.65 % |
RY.PR.M |
FixedReset |
4.78 % |
YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2046-01-22
Maturity Price : 17.86
Evaluated at bid price : 17.86
Bid-YTW : 4.60 % |
IAG.PR.G |
FixedReset |
4.79 % |
YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 18.60
Bid-YTW : 7.62 % |
TRP.PR.E |
FixedReset |
4.83 % |
YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2046-01-22
Maturity Price : 16.72
Evaluated at bid price : 16.72
Bid-YTW : 4.78 % |
GWO.PR.N |
FixedReset |
4.98 % |
YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 12.23
Bid-YTW : 11.28 % |
TRP.PR.F |
FloatingReset |
5.02 % |
YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2046-01-22
Maturity Price : 11.50
Evaluated at bid price : 11.50
Bid-YTW : 4.89 % |
TD.PF.D |
FixedReset |
5.08 % |
YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2046-01-22
Maturity Price : 18.60
Evaluated at bid price : 18.60
Bid-YTW : 4.60 % |
TD.PF.E |
FixedReset |
5.09 % |
YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2046-01-22
Maturity Price : 19.60
Evaluated at bid price : 19.60
Bid-YTW : 4.48 % |
FTS.PR.K |
FixedReset |
5.14 % |
YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2046-01-22
Maturity Price : 15.75
Evaluated at bid price : 15.75
Bid-YTW : 4.59 % |
CM.PR.P |
FixedReset |
5.20 % |
YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2046-01-22
Maturity Price : 17.00
Evaluated at bid price : 17.00
Bid-YTW : 4.45 % |
FTS.PR.G |
FixedReset |
5.20 % |
YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2046-01-22
Maturity Price : 15.17
Evaluated at bid price : 15.17
Bid-YTW : 4.80 % |
SLF.PR.I |
FixedReset |
5.57 % |
YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 16.68
Bid-YTW : 8.92 % |
SLF.PR.J |
FloatingReset |
5.81 % |
YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 12.01
Bid-YTW : 10.96 % |
MFC.PR.N |
FixedReset |
5.92 % |
YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 17.00
Bid-YTW : 8.63 % |
BMO.PR.Y |
FixedReset |
6.00 % |
YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2046-01-22
Maturity Price : 19.08
Evaluated at bid price : 19.08
Bid-YTW : 4.53 % |
CU.PR.C |
FixedReset |
6.04 % |
YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2046-01-22
Maturity Price : 16.86
Evaluated at bid price : 16.86
Bid-YTW : 4.57 % |
TRP.PR.G |
FixedReset |
6.14 % |
YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2046-01-22
Maturity Price : 18.15
Evaluated at bid price : 18.15
Bid-YTW : 5.03 % |
CM.PR.Q |
FixedReset |
6.65 % |
YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2046-01-22
Maturity Price : 18.77
Evaluated at bid price : 18.77
Bid-YTW : 4.57 % |
GWO.PR.O |
FloatingReset |
6.67 % |
YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 12.00
Bid-YTW : 10.81 % |
BNS.PR.D |
FloatingReset |
6.95 % |
YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2022-01-31
Maturity Price : 25.00
Evaluated at bid price : 18.61
Bid-YTW : 6.46 % |
TRP.PR.D |
FixedReset |
7.19 % |
YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2046-01-22
Maturity Price : 16.11
Evaluated at bid price : 16.11
Bid-YTW : 4.88 % |
BAM.PF.F |
FixedReset |
7.22 % |
YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2046-01-22
Maturity Price : 19.45
Evaluated at bid price : 19.45
Bid-YTW : 4.72 % |
PWF.PR.T |
FixedReset |
7.95 % |
YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2046-01-22
Maturity Price : 20.10
Evaluated at bid price : 20.10
Bid-YTW : 3.90 % |
TRP.PR.A |
FixedReset |
11.55 % |
YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2046-01-22
Maturity Price : 14.00
Evaluated at bid price : 14.00
Bid-YTW : 4.78 % |
ALB.PR.B To Be Refunded
Tuesday, January 26th, 2016On 2015-10-8, The Bank of Nova Scotia announced:
On 2015-10-27, they announced:
On 2015-12-11, they announced:
… and on 2015-12-30, they announced:
A provisional rating of Pfd-2(low) has been assigned by DBRS to the new issue:
Details of the refunding issue will be reported when available.
Posted in Issue Comments, New Issues | 2 Comments »