TXPR closed at 591.75, up 1.34% on the day. Volume today was 3.38-million, by far the second-highest of the past thirty days, behind only August 26.
CPD closed at 11.78, up 0.86% on the day. Volume was 147,303, very high in the context of the past 30 trading days.
ZPR closed at 9.32, up 1.08% on the day. Volume of 307,588 was the high in the context of the past 30 trading days.
Five-year Canada yields were down 3bp to 0.36% today.
HIMIPref™ Preferred Indices These values reflect the December 2008 revision of the HIMIPref™ Indices Values are provisional and are finalized monthly |
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Index | Mean Current Yield (at bid) |
Median YTW |
Median Average Trading Value |
Median Mod Dur (YTW) |
Issues | Day’s Perf. | Index Value |
Ratchet | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.7776 % | 1,682.8 |
FixedFloater | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.7776 % | 3,087.9 |
Floater | 4.96 % | 5.04 % | 63,385 | 15.35 | 3 | 0.7776 % | 1,779.6 |
OpRet | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.1472 % | 3,537.5 |
SplitShare | 4.80 % | 4.37 % | 42,567 | 3.69 | 7 | 0.1472 % | 4,224.5 |
Interest-Bearing | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.1472 % | 3,296.1 |
Perpetual-Premium | 5.34 % | 3.30 % | 81,695 | 0.08 | 17 | 0.1210 % | 3,123.5 |
Perpetual-Discount | 5.28 % | 5.36 % | 83,147 | 14.85 | 17 | 0.5378 % | 3,463.5 |
FixedReset Disc | 5.36 % | 4.14 % | 122,179 | 16.35 | 68 | 1.2376 % | 2,128.6 |
Deemed-Retractible | 5.08 % | 5.00 % | 105,575 | 15.18 | 27 | 1.0746 % | 3,410.0 |
FloatingReset | 2.80 % | 2.44 % | 43,998 | 1.39 | 3 | 0.7535 % | 1,832.8 |
FixedReset Prem | 5.25 % | 4.20 % | 231,050 | 0.87 | 11 | 0.1797 % | 2,620.6 |
FixedReset Bank Non | 1.94 % | 1.98 % | 134,289 | 1.39 | 2 | 0.2415 % | 2,852.6 |
FixedReset Ins Non | 5.61 % | 4.38 % | 89,837 | 16.24 | 22 | 1.3174 % | 2,147.3 |
Performance Highlights | |||
Issue | Index | Change | Notes |
TRP.PR.B | FixedReset Disc | -1.97 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-09-01 Maturity Price : 8.45 Evaluated at bid price : 8.45 Bid-YTW : 4.99 % |
BIP.PR.A | FixedReset Disc | -1.78 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-09-01 Maturity Price : 17.61 Evaluated at bid price : 17.61 Bid-YTW : 5.64 % |
TRP.PR.D | FixedReset Disc | -1.71 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-09-01 Maturity Price : 13.76 Evaluated at bid price : 13.76 Bid-YTW : 5.56 % |
GWO.PR.Q | Deemed-Retractible | 1.02 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-09-01 Maturity Price : 24.39 Evaluated at bid price : 24.67 Bid-YTW : 5.21 % |
CM.PR.T | FixedReset Disc | 1.06 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-09-01 Maturity Price : 22.80 Evaluated at bid price : 23.80 Bid-YTW : 4.17 % |
RY.PR.S | FixedReset Disc | 1.08 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-09-01 Maturity Price : 20.55 Evaluated at bid price : 20.55 Bid-YTW : 3.82 % |
GWO.PR.G | Deemed-Retractible | 1.10 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-09-01 Maturity Price : 24.61 Evaluated at bid price : 24.87 Bid-YTW : 5.22 % |
TD.PF.K | FixedReset Disc | 1.12 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-09-01 Maturity Price : 20.75 Evaluated at bid price : 20.75 Bid-YTW : 3.99 % |
IAF.PR.G | FixedReset Ins Non | 1.13 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-09-01 Maturity Price : 18.82 Evaluated at bid price : 18.82 Bid-YTW : 4.38 % |
PWF.PR.L | Perpetual-Discount | 1.13 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-09-01 Maturity Price : 23.85 Evaluated at bid price : 24.10 Bid-YTW : 5.34 % |
ELF.PR.F | Perpetual-Discount | 1.16 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-09-01 Maturity Price : 24.21 Evaluated at bid price : 24.50 Bid-YTW : 5.47 % |
BAM.PR.C | Floater | 1.17 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-09-01 Maturity Price : 8.66 Evaluated at bid price : 8.66 Bid-YTW : 5.02 % |
POW.PR.G | Perpetual-Premium | 1.19 % | YTW SCENARIO Maturity Type : Call Maturity Date : 2020-10-01 Maturity Price : 25.25 Evaluated at bid price : 25.55 Bid-YTW : -0.05 % |
CM.PR.Y | FixedReset Disc | 1.22 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-09-01 Maturity Price : 23.19 Evaluated at bid price : 24.80 Bid-YTW : 4.24 % |
BMO.PR.F | FixedReset Disc | 1.30 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-09-01 Maturity Price : 23.28 Evaluated at bid price : 25.00 Bid-YTW : 4.04 % |
NA.PR.W | FixedReset Disc | 1.30 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-09-01 Maturity Price : 17.10 Evaluated at bid price : 17.10 Bid-YTW : 4.31 % |
MFC.PR.G | FixedReset Ins Non | 1.31 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-09-01 Maturity Price : 19.28 Evaluated at bid price : 19.28 Bid-YTW : 4.34 % |
TD.PF.L | FixedReset Disc | 1.33 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-09-01 Maturity Price : 23.03 Evaluated at bid price : 24.32 Bid-YTW : 4.02 % |
GWO.PR.H | Deemed-Retractible | 1.37 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-09-01 Maturity Price : 23.26 Evaluated at bid price : 23.56 Bid-YTW : 5.13 % |
BMO.PR.B | FixedReset Prem | 1.39 % | YTW SCENARIO Maturity Type : Call Maturity Date : 2022-02-25 Maturity Price : 25.00 Evaluated at bid price : 25.50 Bid-YTW : 3.54 % |
BAM.PR.T | FixedReset Disc | 1.40 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-09-01 Maturity Price : 13.80 Evaluated at bid price : 13.80 Bid-YTW : 5.15 % |
BIP.PR.E | FixedReset Disc | 1.40 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-09-01 Maturity Price : 21.38 Evaluated at bid price : 21.70 Bid-YTW : 5.75 % |
TD.PF.M | FixedReset Disc | 1.42 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-09-01 Maturity Price : 23.24 Evaluated at bid price : 24.95 Bid-YTW : 4.12 % |
NA.PR.G | FixedReset Disc | 1.45 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-09-01 Maturity Price : 20.25 Evaluated at bid price : 20.25 Bid-YTW : 4.32 % |
NA.PR.E | FixedReset Disc | 1.46 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-09-01 Maturity Price : 19.50 Evaluated at bid price : 19.50 Bid-YTW : 4.14 % |
CM.PR.S | FixedReset Disc | 1.48 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-09-01 Maturity Price : 19.20 Evaluated at bid price : 19.20 Bid-YTW : 4.05 % |
W.PR.K | FixedReset Disc | 1.52 % | YTW SCENARIO Maturity Type : Call Maturity Date : 2021-01-15 Maturity Price : 25.00 Evaluated at bid price : 25.40 Bid-YTW : 2.76 % |
NA.PR.S | FixedReset Disc | 1.54 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-09-01 Maturity Price : 17.84 Evaluated at bid price : 17.84 Bid-YTW : 4.29 % |
BMO.PR.D | FixedReset Disc | 1.55 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-09-01 Maturity Price : 22.67 Evaluated at bid price : 23.00 Bid-YTW : 3.97 % |
BAM.PF.F | FixedReset Disc | 1.56 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-09-01 Maturity Price : 16.96 Evaluated at bid price : 16.96 Bid-YTW : 5.16 % |
GWO.PR.I | Deemed-Retractible | 1.61 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-09-01 Maturity Price : 21.69 Evaluated at bid price : 21.94 Bid-YTW : 5.12 % |
BIP.PR.F | FixedReset Disc | 1.62 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-09-01 Maturity Price : 21.73 Evaluated at bid price : 22.00 Bid-YTW : 5.79 % |
NA.PR.C | FixedReset Disc | 1.62 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-09-01 Maturity Price : 23.03 Evaluated at bid price : 23.84 Bid-YTW : 4.06 % |
GWO.PR.R | Deemed-Retractible | 1.63 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-09-01 Maturity Price : 22.96 Evaluated at bid price : 23.40 Bid-YTW : 5.11 % |
TRP.PR.K | FixedReset Disc | 1.65 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-09-01 Maturity Price : 23.54 Evaluated at bid price : 24.71 Bid-YTW : 4.92 % |
IAF.PR.B | Deemed-Retractible | 1.76 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-09-01 Maturity Price : 22.33 Evaluated at bid price : 22.60 Bid-YTW : 5.08 % |
MFC.PR.C | Deemed-Retractible | 1.76 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-09-01 Maturity Price : 22.24 Evaluated at bid price : 22.51 Bid-YTW : 5.00 % |
BAM.PF.B | FixedReset Disc | 1.80 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-09-01 Maturity Price : 16.40 Evaluated at bid price : 16.40 Bid-YTW : 5.19 % |
MFC.PR.B | Deemed-Retractible | 1.84 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-09-01 Maturity Price : 22.98 Evaluated at bid price : 23.25 Bid-YTW : 5.00 % |
MFC.PR.K | FixedReset Ins Non | 1.88 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-09-01 Maturity Price : 16.81 Evaluated at bid price : 16.81 Bid-YTW : 4.33 % |
PWF.PR.S | Perpetual-Discount | 1.93 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-09-01 Maturity Price : 22.48 Evaluated at bid price : 22.76 Bid-YTW : 5.32 % |
TRP.PR.C | FixedReset Disc | 1.96 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-09-01 Maturity Price : 9.35 Evaluated at bid price : 9.35 Bid-YTW : 5.27 % |
SLF.PR.B | Deemed-Retractible | 2.23 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-09-01 Maturity Price : 24.05 Evaluated at bid price : 24.30 Bid-YTW : 4.93 % |
MFC.PR.L | FixedReset Ins Non | 2.27 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-09-01 Maturity Price : 15.75 Evaluated at bid price : 15.75 Bid-YTW : 4.46 % |
SLF.PR.D | Deemed-Retractible | 2.52 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-09-01 Maturity Price : 22.05 Evaluated at bid price : 22.34 Bid-YTW : 4.97 % |
SLF.PR.C | Deemed-Retractible | 2.54 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-09-01 Maturity Price : 21.97 Evaluated at bid price : 22.20 Bid-YTW : 5.00 % |
TRP.PR.E | FixedReset Disc | 2.54 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-09-01 Maturity Price : 14.12 Evaluated at bid price : 14.12 Bid-YTW : 5.37 % |
MFC.PR.I | FixedReset Ins Non | 2.56 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-09-01 Maturity Price : 19.65 Evaluated at bid price : 19.65 Bid-YTW : 4.30 % |
BAM.PF.G | FixedReset Disc | 2.56 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-09-01 Maturity Price : 16.00 Evaluated at bid price : 16.00 Bid-YTW : 5.16 % |
MFC.PR.J | FixedReset Ins Non | 2.71 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-09-01 Maturity Price : 18.56 Evaluated at bid price : 18.56 Bid-YTW : 4.37 % |
TRP.PR.G | FixedReset Disc | 2.76 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-09-01 Maturity Price : 16.03 Evaluated at bid price : 16.03 Bid-YTW : 5.28 % |
GWO.PR.N | FixedReset Ins Non | 2.82 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-09-01 Maturity Price : 10.30 Evaluated at bid price : 10.30 Bid-YTW : 4.15 % |
PWF.PR.T | FixedReset Disc | 2.85 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-09-01 Maturity Price : 16.60 Evaluated at bid price : 16.60 Bid-YTW : 4.63 % |
SLF.PR.A | Deemed-Retractible | 2.92 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-09-01 Maturity Price : 23.68 Evaluated at bid price : 23.95 Bid-YTW : 4.95 % |
CM.PR.Q | FixedReset Disc | 2.94 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-09-01 Maturity Price : 19.25 Evaluated at bid price : 19.25 Bid-YTW : 4.17 % |
IFC.PR.A | FixedReset Ins Non | 3.10 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-09-01 Maturity Price : 12.65 Evaluated at bid price : 12.65 Bid-YTW : 4.64 % |
MFC.PR.F | FixedReset Ins Non | 3.68 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-09-01 Maturity Price : 10.42 Evaluated at bid price : 10.42 Bid-YTW : 4.38 % |
SLF.PR.J | FloatingReset | 3.77 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-09-01 Maturity Price : 9.91 Evaluated at bid price : 9.91 Bid-YTW : 3.90 % |
MFC.PR.H | FixedReset Ins Non | 4.05 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-09-01 Maturity Price : 20.55 Evaluated at bid price : 20.55 Bid-YTW : 4.38 % |
SLF.PR.E | Deemed-Retractible | 4.15 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-09-01 Maturity Price : 22.33 Evaluated at bid price : 22.60 Bid-YTW : 4.97 % |
BAM.PR.X | FixedReset Disc | 4.67 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-09-01 Maturity Price : 11.65 Evaluated at bid price : 11.65 Bid-YTW : 4.93 % |
MFC.PR.M | FixedReset Ins Non | 5.11 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-09-01 Maturity Price : 16.66 Evaluated at bid price : 16.66 Bid-YTW : 4.50 % |
BAM.PF.A | FixedReset Disc | 5.93 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-09-01 Maturity Price : 18.05 Evaluated at bid price : 18.05 Bid-YTW : 5.10 % |
BAM.PR.R | FixedReset Disc | 6.61 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-09-01 Maturity Price : 13.54 Evaluated at bid price : 13.54 Bid-YTW : 5.10 % |
BMO.PR.Y | FixedReset Disc | 6.83 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-09-01 Maturity Price : 19.23 Evaluated at bid price : 19.23 Bid-YTW : 4.07 % |
TD.PF.I | FixedReset Disc | 8.57 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-09-01 Maturity Price : 22.50 Evaluated at bid price : 22.80 Bid-YTW : 3.88 % |
PWF.PR.P | FixedReset Disc | 8.78 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-09-01 Maturity Price : 11.15 Evaluated at bid price : 11.15 Bid-YTW : 4.54 % |
Volume Highlights | |||
Issue | Index | Shares Traded |
Notes |
TD.PF.M | FixedReset Disc | 237,173 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-09-01 Maturity Price : 23.24 Evaluated at bid price : 24.95 Bid-YTW : 4.12 % |
RY.PR.J | FixedReset Disc | 133,850 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-09-01 Maturity Price : 20.30 Evaluated at bid price : 20.30 Bid-YTW : 3.91 % |
RY.PR.R | FixedReset Prem | 95,613 | YTW SCENARIO Maturity Type : Call Maturity Date : 2021-08-24 Maturity Price : 25.00 Evaluated at bid price : 25.45 Bid-YTW : 3.77 % |
NA.PR.S | FixedReset Disc | 72,631 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-09-01 Maturity Price : 17.84 Evaluated at bid price : 17.84 Bid-YTW : 4.29 % |
TD.PF.G | FixedReset Prem | 68,131 | YTW SCENARIO Maturity Type : Call Maturity Date : 2021-04-30 Maturity Price : 25.00 Evaluated at bid price : 25.35 Bid-YTW : 4.05 % |
BNS.PR.G | FixedReset Prem | 59,900 | YTW SCENARIO Maturity Type : Call Maturity Date : 2021-07-25 Maturity Price : 25.00 Evaluated at bid price : 25.40 Bid-YTW : 4.31 % |
There were 64 other index-included issues trading in excess of 10,000 shares. |
Wide Spread Highlights | ||
Issue | Index | Quote Data and Yield Notes |
TRP.PR.A | FixedReset Disc | Quote: 12.60 – 13.74 Spot Rate : 1.1400 Average : 0.7468 YTW SCENARIO |
EIT.PR.B | SplitShare | Quote: 25.35 – 26.35 Spot Rate : 1.0000 Average : 0.6197 YTW SCENARIO |
TD.PF.J | FixedReset Disc | Quote: 20.68 – 21.50 Spot Rate : 0.8200 Average : 0.5079 YTW SCENARIO |
CM.PR.Y | FixedReset Disc | Quote: 24.80 – 25.60 Spot Rate : 0.8000 Average : 0.5125 YTW SCENARIO |
BIP.PR.E | FixedReset Disc | Quote: 21.70 – 22.50 Spot Rate : 0.8000 Average : 0.5161 YTW SCENARIO |
BAM.PR.Z | FixedReset Disc | Quote: 17.05 – 17.89 Spot Rate : 0.8400 Average : 0.5806 YTW SCENARIO |
NPI.PR.A To Reset To 3.20%
August 31st, 2020Northland Power Inc. has announced:
NPI.PR.A was issued as a FixedReset, 5.25%+280bp, which commenced trading 2010-7-28 after being announced 2010-7-6 under the ticker symbol NPP.PR.A. The ticker was changed to NPI.PR.A effective January 1, 2011 after conversion from an Income Trust. The issue reset to 3.51% in 2015 and I recommended that holders retain the issue but there was a 25% conversion to NPI.PR.B.
NPI.PR.B is a FloatingReset, Bills+280bp, which came into existence via a partial conversion from NPI.PR.A.
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