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Delivery of the current edition of PrefLetter will be delayed; it seems I have server problems.
I regret the inconvenience.
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 | 0.4900 % | 2,179.9 |
FixedFloater | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.4900 % | 4,181.0 |
Floater | 11.17 % | 11.35 % | 51,639 | 8.57 | 2 | 0.4900 % | 2,409.5 |
OpRet | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.1569 % | 3,396.8 |
SplitShare | 4.96 % | 7.49 % | 47,536 | 1.99 | 7 | -0.1569 % | 4,056.5 |
Interest-Bearing | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.1569 % | 3,165.1 |
Perpetual-Premium | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.5964 % | 2,673.5 |
Perpetual-Discount | 6.42 % | 6.52 % | 54,338 | 13.20 | 34 | 0.5964 % | 2,915.3 |
FixedReset Disc | 5.71 % | 7.47 % | 110,952 | 12.26 | 59 | 0.1725 % | 2,297.3 |
Insurance Straight | 6.33 % | 6.46 % | 71,180 | 13.26 | 20 | 0.8450 % | 2,862.2 |
FloatingReset | 10.50 % | 10.85 % | 35,301 | 8.91 | 5 | 1.1365 % | 2,583.1 |
FixedReset Prem | 5.90 % | 6.47 % | 150,482 | 3.37 | 2 | 0.4995 % | 2,524.2 |
FixedReset Bank Non | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.1725 % | 2,348.3 |
FixedReset Ins Non | 5.51 % | 7.02 % | 90,566 | 12.65 | 14 | 0.3418 % | 2,578.3 |
Performance Highlights | |||
Issue | Index | Change | Notes |
BN.PF.H | FixedReset Disc | -1.81 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-12 Maturity Price : 21.16 Evaluated at bid price : 21.16 Bid-YTW : 8.52 % |
FFH.PR.K | FixedReset Disc | -1.77 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-12 Maturity Price : 19.40 Evaluated at bid price : 19.40 Bid-YTW : 8.35 % |
TD.PF.D | FixedReset Disc | -1.51 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-12 Maturity Price : 19.52 Evaluated at bid price : 19.52 Bid-YTW : 7.48 % |
BN.PF.I | FixedReset Disc | -1.48 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-12 Maturity Price : 20.00 Evaluated at bid price : 20.00 Bid-YTW : 8.53 % |
PVS.PR.K | SplitShare | -1.33 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2029-05-31 Maturity Price : 25.00 Evaluated at bid price : 22.25 Bid-YTW : 7.08 % |
IFC.PR.G | FixedReset Ins Non | -1.28 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-12 Maturity Price : 21.35 Evaluated at bid price : 21.65 Bid-YTW : 6.88 % |
RY.PR.M | FixedReset Disc | -1.16 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-12 Maturity Price : 18.73 Evaluated at bid price : 18.73 Bid-YTW : 7.53 % |
SLF.PR.D | Insurance Straight | 1.08 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-12 Maturity Price : 18.80 Evaluated at bid price : 18.80 Bid-YTW : 5.98 % |
BMO.PR.Y | FixedReset Disc | 1.11 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-12 Maturity Price : 19.20 Evaluated at bid price : 19.20 Bid-YTW : 7.53 % |
BIP.PR.B | FixedReset Disc | 1.11 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-12 Maturity Price : 22.43 Evaluated at bid price : 22.75 Bid-YTW : 8.34 % |
BIK.PR.A | FixedReset Disc | 1.12 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-12 Maturity Price : 21.97 Evaluated at bid price : 22.50 Bid-YTW : 8.16 % |
GWO.PR.I | Insurance Straight | 1.12 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-12 Maturity Price : 18.00 Evaluated at bid price : 18.00 Bid-YTW : 6.31 % |
PWF.PR.Z | Perpetual-Discount | 1.13 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-12 Maturity Price : 19.75 Evaluated at bid price : 19.75 Bid-YTW : 6.55 % |
PWF.PF.A | Perpetual-Discount | 1.21 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-12 Maturity Price : 17.61 Evaluated at bid price : 17.61 Bid-YTW : 6.41 % |
TD.PF.C | FixedReset Disc | 1.34 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-12 Maturity Price : 18.86 Evaluated at bid price : 18.86 Bid-YTW : 7.27 % |
PWF.PR.G | Perpetual-Discount | 1.42 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-12 Maturity Price : 22.55 Evaluated at bid price : 22.80 Bid-YTW : 6.48 % |
BN.PR.Z | FixedReset Disc | 1.50 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-12 Maturity Price : 18.90 Evaluated at bid price : 18.90 Bid-YTW : 8.33 % |
BMO.PR.T | FixedReset Disc | 1.54 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-12 Maturity Price : 19.15 Evaluated at bid price : 19.15 Bid-YTW : 7.28 % |
MIC.PR.A | Perpetual-Discount | 1.63 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-12 Maturity Price : 18.66 Evaluated at bid price : 18.66 Bid-YTW : 7.32 % |
CU.PR.C | FixedReset Disc | 1.73 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-12 Maturity Price : 19.43 Evaluated at bid price : 19.43 Bid-YTW : 7.32 % |
FTS.PR.I | FloatingReset | 1.76 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-12 Maturity Price : 15.60 Evaluated at bid price : 15.60 Bid-YTW : 10.90 % |
PWF.PR.T | FixedReset Disc | 1.77 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-12 Maturity Price : 20.15 Evaluated at bid price : 20.15 Bid-YTW : 7.08 % |
CIU.PR.A | Perpetual-Discount | 1.78 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-12 Maturity Price : 17.75 Evaluated at bid price : 17.75 Bid-YTW : 6.59 % |
MFC.PR.F | FixedReset Ins Non | 1.82 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-12 Maturity Price : 14.56 Evaluated at bid price : 14.56 Bid-YTW : 7.51 % |
MFC.PR.C | Insurance Straight | 1.97 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-12 Maturity Price : 18.66 Evaluated at bid price : 18.66 Bid-YTW : 6.10 % |
POW.PR.C | Perpetual-Discount | 2.00 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-12 Maturity Price : 22.71 Evaluated at bid price : 23.00 Bid-YTW : 6.34 % |
SLF.PR.J | FloatingReset | 2.00 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-12 Maturity Price : 15.81 Evaluated at bid price : 15.81 Bid-YTW : 10.59 % |
TD.PF.E | FixedReset Disc | 2.07 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-12 Maturity Price : 19.70 Evaluated at bid price : 19.70 Bid-YTW : 7.44 % |
SLF.PR.E | Insurance Straight | 2.11 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-12 Maturity Price : 18.90 Evaluated at bid price : 18.90 Bid-YTW : 6.01 % |
FFH.PR.F | FloatingReset | 2.38 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-12 Maturity Price : 17.20 Evaluated at bid price : 17.20 Bid-YTW : 10.85 % |
CCS.PR.C | Insurance Straight | 2.62 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-12 Maturity Price : 19.20 Evaluated at bid price : 19.20 Bid-YTW : 6.58 % |
IFC.PR.I | Insurance Straight | 2.62 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-12 Maturity Price : 21.55 Evaluated at bid price : 21.55 Bid-YTW : 6.33 % |
RY.PR.N | Perpetual-Discount | 2.79 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-12 Maturity Price : 22.58 Evaluated at bid price : 22.87 Bid-YTW : 5.42 % |
SLF.PR.C | Insurance Straight | 2.84 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-12 Maturity Price : 18.80 Evaluated at bid price : 18.80 Bid-YTW : 5.98 % |
GWO.PR.N | FixedReset Ins Non | 3.65 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-12 Maturity Price : 14.20 Evaluated at bid price : 14.20 Bid-YTW : 7.52 % |
NA.PR.W | FixedReset Disc | 5.63 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-12 Maturity Price : 18.38 Evaluated at bid price : 18.38 Bid-YTW : 7.43 % |
Volume Highlights | |||
Issue | Index | Shares Traded |
Notes |
TD.PF.B | FixedReset Disc | 273,047 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-12 Maturity Price : 20.23 Evaluated at bid price : 20.23 Bid-YTW : 6.88 % |
BMO.PR.T | FixedReset Disc | 102,800 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-12 Maturity Price : 19.15 Evaluated at bid price : 19.15 Bid-YTW : 7.28 % |
GWO.PR.G | Insurance Straight | 50,025 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-12 Maturity Price : 20.03 Evaluated at bid price : 20.03 Bid-YTW : 6.56 % |
RY.PR.H | FixedReset Disc | 43,872 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-12 Maturity Price : 19.06 Evaluated at bid price : 19.06 Bid-YTW : 7.35 % |
GWO.PR.H | Insurance Straight | 36,300 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-12 Maturity Price : 18.89 Evaluated at bid price : 18.89 Bid-YTW : 6.49 % |
MFC.PR.F | FixedReset Ins Non | 32,200 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-12 Maturity Price : 14.56 Evaluated at bid price : 14.56 Bid-YTW : 7.51 % |
There were 13 other index-included issues trading in excess of 10,000 shares. |
Wide Spread Highlights | ||
Issue | Index | Quote Data and Yield Notes |
MFC.PR.F | FixedReset Ins Non | Quote: 14.56 – 19.38 Spot Rate : 4.8200 Average : 3.8585 YTW SCENARIO |
CU.PR.D | Perpetual-Discount | Quote: 19.67 – 20.95 Spot Rate : 1.2800 Average : 0.7969 YTW SCENARIO |
CU.PR.I | FixedReset Disc | Quote: 21.75 – 23.75 Spot Rate : 2.0000 Average : 1.5606 YTW SCENARIO |
MFC.PR.M | FixedReset Ins Non | Quote: 18.96 – 19.96 Spot Rate : 1.0000 Average : 0.6056 YTW SCENARIO |
IFC.PR.F | Insurance Straight | Quote: 18.96 – 20.75 Spot Rate : 1.7900 Average : 1.5481 YTW SCENARIO |
BIK.PR.A | FixedReset Disc | Quote: 22.50 – 23.15 Spot Rate : 0.6500 Average : 0.4756 YTW SCENARIO |
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 | 0.4025 % | 2,169.3 |
FixedFloater | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.4025 % | 4,160.6 |
Floater | 11.22 % | 11.38 % | 53,463 | 8.56 | 2 | 0.4025 % | 2,397.8 |
OpRet | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.2541 % | 3,402.2 |
SplitShare | 4.95 % | 7.65 % | 49,389 | 1.99 | 7 | 0.2541 % | 4,062.9 |
Interest-Bearing | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.2541 % | 3,170.0 |
Perpetual-Premium | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.1025 % | 2,657.6 |
Perpetual-Discount | 6.46 % | 6.56 % | 56,218 | 13.15 | 34 | -0.1025 % | 2,898.0 |
FixedReset Disc | 5.72 % | 7.49 % | 113,214 | 12.21 | 59 | -0.0333 % | 2,293.3 |
Insurance Straight | 6.38 % | 6.50 % | 74,022 | 13.22 | 20 | -0.8606 % | 2,838.2 |
FloatingReset | 10.52 % | 10.89 % | 35,699 | 8.89 | 5 | -1.0557 % | 2,554.0 |
FixedReset Prem | 5.93 % | 6.73 % | 150,491 | 12.73 | 2 | -0.3584 % | 2,511.6 |
FixedReset Bank Non | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.0333 % | 2,344.2 |
FixedReset Ins Non | 5.53 % | 7.06 % | 88,684 | 12.68 | 14 | 0.0902 % | 2,569.6 |
Performance Highlights | |||
Issue | Index | Change | Notes |
IFC.PR.F | Insurance Straight | -6.37 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-11 Maturity Price : 18.96 Evaluated at bid price : 18.96 Bid-YTW : 7.07 % |
CU.PR.I | FixedReset Disc | -4.94 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-11 Maturity Price : 21.42 Evaluated at bid price : 21.75 Bid-YTW : 7.80 % |
SLF.PR.J | FloatingReset | -4.02 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-11 Maturity Price : 15.50 Evaluated at bid price : 15.50 Bid-YTW : 10.69 % |
SLF.PR.C | Insurance Straight | -3.02 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-11 Maturity Price : 18.28 Evaluated at bid price : 18.28 Bid-YTW : 6.15 % |
PWF.PR.G | Perpetual-Discount | -2.26 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-11 Maturity Price : 22.21 Evaluated at bid price : 22.48 Bid-YTW : 6.57 % |
BN.PR.R | FixedReset Disc | -2.18 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-11 Maturity Price : 14.35 Evaluated at bid price : 14.35 Bid-YTW : 9.12 % |
BN.PR.Z | FixedReset Disc | -2.00 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-11 Maturity Price : 18.62 Evaluated at bid price : 18.62 Bid-YTW : 8.48 % |
POW.PR.C | Perpetual-Discount | -1.96 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-11 Maturity Price : 22.28 Evaluated at bid price : 22.55 Bid-YTW : 6.46 % |
MFC.PR.F | FixedReset Ins Non | -1.92 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-11 Maturity Price : 14.30 Evaluated at bid price : 14.30 Bid-YTW : 7.67 % |
MFC.PR.C | Insurance Straight | -1.88 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-11 Maturity Price : 18.30 Evaluated at bid price : 18.30 Bid-YTW : 6.22 % |
GWO.PR.N | FixedReset Ins Non | -1.79 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-11 Maturity Price : 13.70 Evaluated at bid price : 13.70 Bid-YTW : 7.81 % |
BN.PR.M | Perpetual-Discount | -1.62 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-11 Maturity Price : 17.57 Evaluated at bid price : 17.57 Bid-YTW : 6.83 % |
BN.PF.E | FixedReset Disc | -1.45 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-11 Maturity Price : 15.68 Evaluated at bid price : 15.68 Bid-YTW : 9.16 % |
SLF.PR.E | Insurance Straight | -1.33 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-11 Maturity Price : 18.51 Evaluated at bid price : 18.51 Bid-YTW : 6.14 % |
SLF.PR.H | FixedReset Ins Non | -1.29 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-11 Maturity Price : 18.40 Evaluated at bid price : 18.40 Bid-YTW : 6.93 % |
CU.PR.J | Perpetual-Discount | -1.28 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-11 Maturity Price : 18.50 Evaluated at bid price : 18.50 Bid-YTW : 6.53 % |
TD.PF.C | FixedReset Disc | -1.27 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-11 Maturity Price : 18.61 Evaluated at bid price : 18.61 Bid-YTW : 7.39 % |
BMO.PR.T | FixedReset Disc | -1.26 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-11 Maturity Price : 18.86 Evaluated at bid price : 18.86 Bid-YTW : 7.42 % |
FFH.PR.F | FloatingReset | -1.23 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-11 Maturity Price : 16.80 Evaluated at bid price : 16.80 Bid-YTW : 11.00 % |
FTS.PR.J | Perpetual-Discount | -1.19 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-11 Maturity Price : 19.05 Evaluated at bid price : 19.05 Bid-YTW : 6.34 % |
FTS.PR.I | FloatingReset | -1.16 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-11 Maturity Price : 15.33 Evaluated at bid price : 15.33 Bid-YTW : 10.97 % |
SLF.PR.D | Insurance Straight | -1.01 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-11 Maturity Price : 18.60 Evaluated at bid price : 18.60 Bid-YTW : 6.04 % |
FFH.PR.K | FixedReset Disc | 1.02 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-11 Maturity Price : 19.75 Evaluated at bid price : 19.75 Bid-YTW : 8.23 % |
RY.PR.N | Perpetual-Discount | 1.14 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-11 Maturity Price : 21.94 Evaluated at bid price : 22.25 Bid-YTW : 5.57 % |
IFC.PR.E | Insurance Straight | 1.14 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-11 Maturity Price : 20.45 Evaluated at bid price : 20.45 Bid-YTW : 6.42 % |
FFH.PR.I | FixedReset Disc | 1.25 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-11 Maturity Price : 17.01 Evaluated at bid price : 17.01 Bid-YTW : 8.57 % |
PVS.PR.J | SplitShare | 1.35 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2028-02-29 Maturity Price : 25.00 Evaluated at bid price : 22.60 Bid-YTW : 7.29 % |
BN.PF.I | FixedReset Disc | 1.40 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-11 Maturity Price : 20.30 Evaluated at bid price : 20.30 Bid-YTW : 8.42 % |
MFC.PR.J | FixedReset Ins Non | 1.51 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-11 Maturity Price : 22.24 Evaluated at bid price : 22.85 Bid-YTW : 6.62 % |
RY.PR.O | Perpetual-Discount | 1.55 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-11 Maturity Price : 21.94 Evaluated at bid price : 22.25 Bid-YTW : 5.57 % |
TD.PF.E | FixedReset Disc | 1.58 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-11 Maturity Price : 19.30 Evaluated at bid price : 19.30 Bid-YTW : 7.61 % |
BN.PF.H | FixedReset Disc | 1.89 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-11 Maturity Price : 21.27 Evaluated at bid price : 21.55 Bid-YTW : 8.37 % |
IFC.PR.G | FixedReset Ins Non | 2.00 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-11 Maturity Price : 21.61 Evaluated at bid price : 21.93 Bid-YTW : 6.80 % |
BMO.PR.W | FixedReset Disc | 2.22 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-11 Maturity Price : 18.40 Evaluated at bid price : 18.40 Bid-YTW : 7.55 % |
BN.PR.X | FixedReset Disc | 3.60 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-11 Maturity Price : 15.25 Evaluated at bid price : 15.25 Bid-YTW : 8.30 % |
Volume Highlights | |||
Issue | Index | Shares Traded |
Notes |
MFC.PR.F | FixedReset Ins Non | 57,902 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-11 Maturity Price : 14.30 Evaluated at bid price : 14.30 Bid-YTW : 7.67 % |
BMO.PR.S | FixedReset Disc | 51,762 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-11 Maturity Price : 20.10 Evaluated at bid price : 20.10 Bid-YTW : 7.13 % |
SLF.PR.H | FixedReset Ins Non | 29,118 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-11 Maturity Price : 18.40 Evaluated at bid price : 18.40 Bid-YTW : 6.93 % |
IFC.PR.C | FixedReset Ins Non | 25,902 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-11 Maturity Price : 18.74 Evaluated at bid price : 18.74 Bid-YTW : 7.44 % |
TD.PF.E | FixedReset Disc | 25,400 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-11 Maturity Price : 19.30 Evaluated at bid price : 19.30 Bid-YTW : 7.61 % |
BNS.PR.I | FixedReset Prem | 18,300 | YTW SCENARIO Maturity Type : Call Maturity Date : 2024-02-26 Maturity Price : 25.00 Evaluated at bid price : 24.94 Bid-YTW : 5.13 % |
There were 7 other index-included issues trading in excess of 10,000 shares. |
Wide Spread Highlights | ||
Issue | Index | Quote Data and Yield Notes |
MFC.PR.F | FixedReset Ins Non | Quote: 14.30 – 19.38 Spot Rate : 5.0800 Average : 2.8043 YTW SCENARIO |
BN.PF.E | FixedReset Disc | Quote: 15.68 – 19.49 Spot Rate : 3.8100 Average : 2.6170 YTW SCENARIO |
IFC.PR.F | Insurance Straight | Quote: 18.96 – 20.86 Spot Rate : 1.9000 Average : 1.2829 YTW SCENARIO |
SLF.PR.J | FloatingReset | Quote: 15.50 – 16.60 Spot Rate : 1.1000 Average : 0.6594 YTW SCENARIO |
GWO.PR.S | Insurance Straight | Quote: 20.45 – 21.48 Spot Rate : 1.0300 Average : 0.5987 YTW SCENARIO |
BN.PR.X | FixedReset Disc | Quote: 15.25 – 16.30 Spot Rate : 1.0500 Average : 0.7067 YTW SCENARIO |
PerpetualDiscounts now yield 6.56%, equivalent to 8.53% interest at the standard equivalency factor of 1.3x. Long corporates yielded 4.99% on 2024-1-5 and since then the closing price has changed from 15.23 to 15.18, a decline of 33bp in price, with a Duration (BMO doesn’t specify Modified or Macaulay – I will assume the former) of 12.38 implying an increase of 3bp in yield to 5.02%, so the pre-tax interest-equivalent spread (in this context, the “Seniority Spread”) has narrowed sharply (for the second successive week) to 350bp from the 374bp reported January 3.
HIMIPref™ Preferred Indices These values reflect the December 2008 revision of the HIMIPref™ Indices Values are provisional and are finalized monthly |
|||||||
Index | Mean Current Yield (at bid) |
Median YTW |
Median Average Trading Value |
Median Mod Dur (YTW) |
Issues | Day’s Perf. | Index Value |
Ratchet | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.7207 % | 2,160.6 |
FixedFloater | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.7207 % | 4,144.0 |
Floater | 11.27 % | 11.44 % | 51,923 | 8.52 | 2 | 0.7207 % | 2,388.2 |
OpRet | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.0846 % | 3,393.5 |
SplitShare | 4.96 % | 7.65 % | 49,893 | 1.99 | 7 | -0.0846 % | 4,052.6 |
Interest-Bearing | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.0846 % | 3,162.0 |
Perpetual-Premium | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.3669 % | 2,660.4 |
Perpetual-Discount | 6.46 % | 6.56 % | 53,697 | 13.19 | 34 | 0.3669 % | 2,901.0 |
FixedReset Disc | 5.72 % | 7.54 % | 115,591 | 12.21 | 59 | 0.1205 % | 2,294.1 |
Insurance Straight | 6.33 % | 6.48 % | 74,808 | 13.24 | 20 | -0.0102 % | 2,862.8 |
FloatingReset | 10.41 % | 10.84 % | 36,957 | 8.91 | 5 | 0.9148 % | 2,581.3 |
FixedReset Prem | 5.91 % | 6.53 % | 151,163 | 3.38 | 2 | 0.1595 % | 2,520.7 |
FixedReset Bank Non | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.1205 % | 2,345.0 |
FixedReset Ins Non | 5.54 % | 7.10 % | 91,467 | 12.63 | 14 | -0.0188 % | 2,567.2 |
Performance Highlights | |||
Issue | Index | Change | Notes |
TD.PF.E | FixedReset Disc | -3.16 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-10 Maturity Price : 19.00 Evaluated at bid price : 19.00 Bid-YTW : 7.72 % |
BN.PR.X | FixedReset Disc | -3.16 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-10 Maturity Price : 14.72 Evaluated at bid price : 14.72 Bid-YTW : 8.59 % |
NA.PR.W | FixedReset Disc | -3.12 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-10 Maturity Price : 17.40 Evaluated at bid price : 17.40 Bid-YTW : 7.87 % |
PWF.PR.P | FixedReset Disc | -2.89 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-10 Maturity Price : 13.80 Evaluated at bid price : 13.80 Bid-YTW : 8.20 % |
CCS.PR.C | Insurance Straight | -2.60 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-10 Maturity Price : 18.70 Evaluated at bid price : 18.70 Bid-YTW : 6.75 % |
BN.PF.F | FixedReset Disc | -2.53 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-10 Maturity Price : 17.35 Evaluated at bid price : 17.35 Bid-YTW : 8.90 % |
CIU.PR.A | Perpetual-Discount | -1.25 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-10 Maturity Price : 17.40 Evaluated at bid price : 17.40 Bid-YTW : 6.72 % |
MFC.PR.L | FixedReset Ins Non | -1.20 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-10 Maturity Price : 18.86 Evaluated at bid price : 18.86 Bid-YTW : 7.33 % |
IFC.PR.G | FixedReset Ins Non | -1.15 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-10 Maturity Price : 21.50 Evaluated at bid price : 21.50 Bid-YTW : 6.96 % |
SLF.PR.G | FixedReset Ins Non | 1.11 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-10 Maturity Price : 14.51 Evaluated at bid price : 14.51 Bid-YTW : 7.75 % |
FFH.PR.D | FloatingReset | 1.13 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-10 Maturity Price : 20.53 Evaluated at bid price : 20.53 Bid-YTW : 10.21 % |
CU.PR.J | Perpetual-Discount | 1.19 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-10 Maturity Price : 18.74 Evaluated at bid price : 18.74 Bid-YTW : 6.44 % |
TD.PF.D | FixedReset Disc | 1.27 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-10 Maturity Price : 19.95 Evaluated at bid price : 19.95 Bid-YTW : 7.34 % |
CM.PR.O | FixedReset Disc | 1.28 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-10 Maturity Price : 19.05 Evaluated at bid price : 19.05 Bid-YTW : 7.35 % |
GWO.PR.N | FixedReset Ins Non | 1.38 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-10 Maturity Price : 13.95 Evaluated at bid price : 13.95 Bid-YTW : 7.67 % |
BN.PR.M | Perpetual-Discount | 1.48 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-10 Maturity Price : 17.86 Evaluated at bid price : 17.86 Bid-YTW : 6.72 % |
BN.PF.J | FixedReset Disc | 1.65 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-10 Maturity Price : 20.30 Evaluated at bid price : 20.30 Bid-YTW : 7.95 % |
BN.PF.I | FixedReset Disc | 1.88 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-10 Maturity Price : 20.02 Evaluated at bid price : 20.02 Bid-YTW : 8.54 % |
BN.PF.E | FixedReset Disc | 1.92 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-10 Maturity Price : 15.91 Evaluated at bid price : 15.91 Bid-YTW : 9.03 % |
BN.PF.B | FixedReset Disc | 1.99 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-10 Maturity Price : 17.96 Evaluated at bid price : 17.96 Bid-YTW : 8.40 % |
SLF.PR.J | FloatingReset | 4.87 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-10 Maturity Price : 16.15 Evaluated at bid price : 16.15 Bid-YTW : 10.25 % |
Volume Highlights | |||
Issue | Index | Shares Traded |
Notes |
TD.PF.L | FixedReset Disc | 106,491 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-10 Maturity Price : 23.77 Evaluated at bid price : 24.60 Bid-YTW : 6.69 % |
GWO.PR.G | Insurance Straight | 88,300 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-10 Maturity Price : 20.20 Evaluated at bid price : 20.20 Bid-YTW : 6.50 % |
BMO.PR.S | FixedReset Disc | 55,558 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-10 Maturity Price : 20.08 Evaluated at bid price : 20.08 Bid-YTW : 7.13 % |
BN.PR.Z | FixedReset Disc | 54,572 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-10 Maturity Price : 19.00 Evaluated at bid price : 19.00 Bid-YTW : 8.30 % |
IFC.PR.C | FixedReset Ins Non | 49,246 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-10 Maturity Price : 18.70 Evaluated at bid price : 18.70 Bid-YTW : 7.46 % |
RY.PR.Z | FixedReset Disc | 35,335 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-10 Maturity Price : 19.95 Evaluated at bid price : 19.95 Bid-YTW : 7.02 % |
There were 12 other index-included issues trading in excess of 10,000 shares. |
Wide Spread Highlights | ||
Issue | Index | Quote Data and Yield Notes |
IFC.PR.G | FixedReset Ins Non | Quote: 21.50 – 23.50 Spot Rate : 2.0000 Average : 1.2876 YTW SCENARIO |
TD.PF.J | FixedReset Disc | Quote: 22.10 – 23.72 Spot Rate : 1.6200 Average : 0.9568 YTW SCENARIO |
SLF.PR.H | FixedReset Ins Non | Quote: 18.64 – 20.00 Spot Rate : 1.3600 Average : 0.8966 YTW SCENARIO |
IFC.PR.C | FixedReset Ins Non | Quote: 18.70 – 19.70 Spot Rate : 1.0000 Average : 0.6253 YTW SCENARIO |
TD.PF.B | FixedReset Disc | Quote: 20.20 – 21.10 Spot Rate : 0.9000 Average : 0.6222 YTW SCENARIO |
BN.PF.I | FixedReset Disc | Quote: 20.02 – 20.90 Spot Rate : 0.8800 Average : 0.6250 YTW SCENARIO |
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 | 0.4525 % | 2,145.1 |
FixedFloater | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.4525 % | 4,114.3 |
Floater | 11.35 % | 11.55 % | 45,203 | 8.45 | 2 | 0.4525 % | 2,371.1 |
OpRet | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.0000 % | 3,396.4 |
SplitShare | 4.96 % | 7.65 % | 51,743 | 1.99 | 7 | 0.0000 % | 4,056.0 |
Interest-Bearing | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.0000 % | 3,164.7 |
Perpetual-Premium | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.0507 % | 2,650.6 |
Perpetual-Discount | 6.48 % | 6.58 % | 54,408 | 13.14 | 34 | 0.0507 % | 2,890.4 |
FixedReset Disc | 5.73 % | 7.50 % | 116,234 | 12.19 | 59 | 0.0539 % | 2,291.3 |
Insurance Straight | 6.33 % | 6.49 % | 75,731 | 13.22 | 20 | 0.4565 % | 2,863.1 |
FloatingReset | 10.50 % | 10.75 % | 36,084 | 8.94 | 5 | 0.2089 % | 2,557.9 |
FixedReset Prem | 5.92 % | 6.62 % | 150,556 | 3.38 | 2 | -0.1791 % | 2,516.7 |
FixedReset Bank Non | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.0539 % | 2,342.2 |
FixedReset Ins Non | 5.53 % | 7.09 % | 92,714 | 12.62 | 14 | 0.2941 % | 2,567.7 |
Performance Highlights | |||
Issue | Index | Change | Notes |
MFC.PR.J | FixedReset Ins Non | -2.97 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-09 Maturity Price : 22.03 Evaluated at bid price : 22.51 Bid-YTW : 6.73 % |
FTS.PR.G | FixedReset Disc | -2.31 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-09 Maturity Price : 20.69 Evaluated at bid price : 20.69 Bid-YTW : 6.96 % |
PVS.PR.H | SplitShare | -1.91 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2027-02-28 Maturity Price : 25.00 Evaluated at bid price : 23.10 Bid-YTW : 7.67 % |
TD.PF.E | FixedReset Disc | -1.67 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-09 Maturity Price : 19.62 Evaluated at bid price : 19.62 Bid-YTW : 7.48 % |
BN.PF.I | FixedReset Disc | -1.26 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-09 Maturity Price : 19.65 Evaluated at bid price : 19.65 Bid-YTW : 8.69 % |
FFH.PR.F | FloatingReset | -1.10 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-09 Maturity Price : 17.01 Evaluated at bid price : 17.01 Bid-YTW : 10.86 % |
CM.PR.O | FixedReset Disc | -1.00 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-09 Maturity Price : 18.81 Evaluated at bid price : 18.81 Bid-YTW : 7.44 % |
PWF.PF.A | Perpetual-Discount | 1.04 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-09 Maturity Price : 17.38 Evaluated at bid price : 17.38 Bid-YTW : 6.50 % |
TD.PF.B | FixedReset Disc | 1.04 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-09 Maturity Price : 20.09 Evaluated at bid price : 20.09 Bid-YTW : 6.94 % |
MFC.PR.M | FixedReset Ins Non | 1.07 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-09 Maturity Price : 18.85 Evaluated at bid price : 18.85 Bid-YTW : 7.50 % |
FTS.PR.M | FixedReset Disc | 1.08 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-09 Maturity Price : 17.86 Evaluated at bid price : 17.86 Bid-YTW : 8.12 % |
BN.PR.N | Perpetual-Discount | 1.10 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-09 Maturity Price : 17.54 Evaluated at bid price : 17.54 Bid-YTW : 6.84 % |
SLF.PR.D | Insurance Straight | 1.13 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-09 Maturity Price : 18.76 Evaluated at bid price : 18.76 Bid-YTW : 5.98 % |
MIC.PR.A | Perpetual-Discount | 1.15 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-09 Maturity Price : 18.47 Evaluated at bid price : 18.47 Bid-YTW : 7.39 % |
GWO.PR.N | FixedReset Ins Non | 1.18 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-09 Maturity Price : 13.76 Evaluated at bid price : 13.76 Bid-YTW : 7.77 % |
MFC.PR.F | FixedReset Ins Non | 1.18 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-09 Maturity Price : 14.55 Evaluated at bid price : 14.55 Bid-YTW : 7.54 % |
CU.PR.H | Perpetual-Discount | 1.22 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-09 Maturity Price : 20.80 Evaluated at bid price : 20.80 Bid-YTW : 6.41 % |
PWF.PR.Z | Perpetual-Discount | 1.23 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-09 Maturity Price : 19.54 Evaluated at bid price : 19.54 Bid-YTW : 6.61 % |
PWF.PR.P | FixedReset Disc | 1.23 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-09 Maturity Price : 14.21 Evaluated at bid price : 14.21 Bid-YTW : 7.97 % |
TD.PF.A | FixedReset Disc | 1.33 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-09 Maturity Price : 19.55 Evaluated at bid price : 19.55 Bid-YTW : 7.05 % |
BN.PR.X | FixedReset Disc | 1.33 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-09 Maturity Price : 15.20 Evaluated at bid price : 15.20 Bid-YTW : 8.32 % |
ELF.PR.H | Perpetual-Discount | 1.35 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-09 Maturity Price : 21.03 Evaluated at bid price : 21.03 Bid-YTW : 6.58 % |
MFC.PR.N | FixedReset Ins Non | 1.38 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-09 Maturity Price : 18.37 Evaluated at bid price : 18.37 Bid-YTW : 7.55 % |
CU.PR.E | Perpetual-Discount | 1.40 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-09 Maturity Price : 19.50 Evaluated at bid price : 19.50 Bid-YTW : 6.38 % |
IFC.PR.A | FixedReset Ins Non | 1.42 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-09 Maturity Price : 17.80 Evaluated at bid price : 17.80 Bid-YTW : 7.09 % |
BIP.PR.E | FixedReset Disc | 1.43 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-09 Maturity Price : 20.60 Evaluated at bid price : 20.60 Bid-YTW : 7.89 % |
BN.PR.M | Perpetual-Discount | 1.50 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-09 Maturity Price : 17.60 Evaluated at bid price : 17.60 Bid-YTW : 6.82 % |
GWO.PR.P | Insurance Straight | 1.61 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-09 Maturity Price : 20.83 Evaluated at bid price : 20.83 Bid-YTW : 6.55 % |
RY.PR.M | FixedReset Disc | 1.67 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-09 Maturity Price : 18.91 Evaluated at bid price : 18.91 Bid-YTW : 7.48 % |
FFH.PR.H | FloatingReset | 1.69 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-09 Maturity Price : 18.00 Evaluated at bid price : 18.00 Bid-YTW : 10.82 % |
PVS.PR.K | SplitShare | 1.80 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2029-05-31 Maturity Price : 25.00 Evaluated at bid price : 22.65 Bid-YTW : 6.68 % |
CU.PR.D | Perpetual-Discount | 1.84 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-09 Maturity Price : 19.36 Evaluated at bid price : 19.36 Bid-YTW : 6.43 % |
SLF.PR.H | FixedReset Ins Non | 1.92 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-09 Maturity Price : 18.60 Evaluated at bid price : 18.60 Bid-YTW : 6.85 % |
CU.PR.C | FixedReset Disc | 2.09 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-09 Maturity Price : 19.01 Evaluated at bid price : 19.01 Bid-YTW : 7.50 % |
SLF.PR.C | Insurance Straight | 2.57 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-09 Maturity Price : 18.75 Evaluated at bid price : 18.75 Bid-YTW : 5.99 % |
SLF.PR.G | FixedReset Ins Non | 3.61 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-09 Maturity Price : 14.35 Evaluated at bid price : 14.35 Bid-YTW : 7.83 % |
CU.PR.I | FixedReset Disc | 4.31 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-09 Maturity Price : 22.42 Evaluated at bid price : 22.75 Bid-YTW : 7.46 % |
Volume Highlights | |||
Issue | Index | Shares Traded |
Notes |
PWF.PR.P | FixedReset Disc | 165,742 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-09 Maturity Price : 14.21 Evaluated at bid price : 14.21 Bid-YTW : 7.97 % |
EIT.PR.A | SplitShare | 111,351 | YTW SCENARIO Maturity Type : Soft Maturity Maturity Date : 2024-03-14 Maturity Price : 25.00 Evaluated at bid price : 24.96 Bid-YTW : 7.65 % |
BMO.PR.F | FixedReset Disc | 36,450 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-09 Maturity Price : 23.91 Evaluated at bid price : 24.65 Bid-YTW : 7.00 % |
GWO.PR.N | FixedReset Ins Non | 35,440 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-09 Maturity Price : 13.76 Evaluated at bid price : 13.76 Bid-YTW : 7.77 % |
MFC.PR.M | FixedReset Ins Non | 26,400 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-09 Maturity Price : 18.85 Evaluated at bid price : 18.85 Bid-YTW : 7.50 % |
RY.PR.Z | FixedReset Disc | 23,400 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-09 Maturity Price : 19.99 Evaluated at bid price : 19.99 Bid-YTW : 7.01 % |
There were 12 other index-included issues trading in excess of 10,000 shares. |
Wide Spread Highlights | ||
Issue | Index | Quote Data and Yield Notes |
BN.PF.F | FixedReset Disc | Quote: 17.80 – 24.00 Spot Rate : 6.2000 Average : 3.4459 YTW SCENARIO |
BN.PF.E | FixedReset Disc | Quote: 15.61 – 19.49 Spot Rate : 3.8800 Average : 2.3167 YTW SCENARIO |
BN.PF.H | FixedReset Disc | Quote: 21.15 – 22.60 Spot Rate : 1.4500 Average : 0.8488 YTW SCENARIO |
CU.PR.E | Perpetual-Discount | Quote: 19.50 – 20.85 Spot Rate : 1.3500 Average : 0.7994 YTW SCENARIO |
MFC.PR.L | FixedReset Ins Non | Quote: 19.09 – 20.50 Spot Rate : 1.4100 Average : 0.9930 YTW SCENARIO |
MFC.PR.J | FixedReset Ins Non | Quote: 22.51 – 23.55 Spot Rate : 1.0400 Average : 0.7170 YTW SCENARIO |
HIMIPref™ Preferred Indices These values reflect the December 2008 revision of the HIMIPref™ Indices Values are provisional and are finalized monthly |
|||||||
Index | Mean Current Yield (at bid) |
Median YTW |
Median Average Trading Value |
Median Mod Dur (YTW) |
Issues | Day’s Perf. | Index Value |
Ratchet | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.0000 % | 2,135.4 |
FixedFloater | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.0000 % | 4,095.8 |
Floater | 11.40 % | 11.60 % | 45,464 | 8.43 | 2 | 0.0000 % | 2,360.4 |
OpRet | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.0000 % | 3,396.4 |
SplitShare | 4.96 % | 7.64 % | 51,800 | 2.00 | 7 | 0.0000 % | 4,056.0 |
Interest-Bearing | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.0000 % | 3,164.7 |
Perpetual-Premium | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.1390 % | 2,649.3 |
Perpetual-Discount | 6.48 % | 6.64 % | 55,172 | 13.03 | 34 | 0.1390 % | 2,888.9 |
FixedReset Disc | 5.73 % | 7.60 % | 117,428 | 12.15 | 59 | 0.6525 % | 2,290.1 |
Insurance Straight | 6.36 % | 6.49 % | 75,890 | 13.22 | 20 | 0.6752 % | 2,850.1 |
FloatingReset | 10.52 % | 10.73 % | 35,899 | 9.01 | 5 | -0.2777 % | 2,552.6 |
FixedReset Prem | 5.91 % | 6.50 % | 152,783 | 3.38 | 2 | 0.4197 % | 2,521.2 |
FixedReset Bank Non | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.6525 % | 2,340.9 |
FixedReset Ins Non | 5.55 % | 7.18 % | 85,664 | 12.59 | 14 | 0.5116 % | 2,560.2 |
Performance Highlights | |||
Issue | Index | Change | Notes |
FFH.PR.H | FloatingReset | -3.28 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-08 Maturity Price : 17.70 Evaluated at bid price : 17.70 Bid-YTW : 11.01 % |
BN.PF.B | FixedReset Disc | -2.50 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-08 Maturity Price : 17.55 Evaluated at bid price : 17.55 Bid-YTW : 8.60 % |
BN.PF.A | FixedReset Disc | -1.21 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-08 Maturity Price : 20.40 Evaluated at bid price : 20.40 Bid-YTW : 7.93 % |
SLF.PR.C | Insurance Straight | -1.19 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-08 Maturity Price : 18.28 Evaluated at bid price : 18.28 Bid-YTW : 6.14 % |
BMO.PR.W | FixedReset Disc | -1.09 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-08 Maturity Price : 18.10 Evaluated at bid price : 18.10 Bid-YTW : 7.67 % |
PWF.PR.S | Perpetual-Discount | -1.07 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-08 Maturity Price : 18.46 Evaluated at bid price : 18.46 Bid-YTW : 6.65 % |
SLF.PR.G | FixedReset Ins Non | -1.07 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-08 Maturity Price : 13.85 Evaluated at bid price : 13.85 Bid-YTW : 8.10 % |
CU.PR.C | FixedReset Disc | 1.09 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-08 Maturity Price : 18.62 Evaluated at bid price : 18.62 Bid-YTW : 7.66 % |
RY.PR.M | FixedReset Disc | 1.09 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-08 Maturity Price : 18.60 Evaluated at bid price : 18.60 Bid-YTW : 7.60 % |
GWO.PR.N | FixedReset Ins Non | 1.12 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-08 Maturity Price : 13.60 Evaluated at bid price : 13.60 Bid-YTW : 7.86 % |
FFH.PR.F | FloatingReset | 1.12 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-08 Maturity Price : 17.20 Evaluated at bid price : 17.20 Bid-YTW : 10.73 % |
MFC.PR.K | FixedReset Ins Non | 1.24 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-08 Maturity Price : 22.22 Evaluated at bid price : 22.88 Bid-YTW : 6.36 % |
BN.PF.I | FixedReset Disc | 1.27 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-08 Maturity Price : 19.90 Evaluated at bid price : 19.90 Bid-YTW : 8.58 % |
FFH.PR.D | FloatingReset | 1.30 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-08 Maturity Price : 20.27 Evaluated at bid price : 20.27 Bid-YTW : 10.34 % |
SLF.PR.D | Insurance Straight | 1.31 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-08 Maturity Price : 18.55 Evaluated at bid price : 18.55 Bid-YTW : 6.05 % |
IFC.PR.E | Insurance Straight | 1.41 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-08 Maturity Price : 20.15 Evaluated at bid price : 20.15 Bid-YTW : 6.51 % |
SLF.PR.E | Insurance Straight | 1.53 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-08 Maturity Price : 18.63 Evaluated at bid price : 18.63 Bid-YTW : 6.09 % |
RY.PR.H | FixedReset Disc | 1.54 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-08 Maturity Price : 19.10 Evaluated at bid price : 19.10 Bid-YTW : 7.35 % |
BIP.PR.B | FixedReset Disc | 1.60 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-08 Maturity Price : 21.73 Evaluated at bid price : 22.20 Bid-YTW : 8.55 % |
TD.PF.C | FixedReset Disc | 1.62 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-08 Maturity Price : 18.84 Evaluated at bid price : 18.84 Bid-YTW : 7.40 % |
MFC.PR.C | Insurance Straight | 1.64 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-08 Maturity Price : 18.60 Evaluated at bid price : 18.60 Bid-YTW : 6.12 % |
BN.PR.R | FixedReset Disc | 1.68 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-08 Maturity Price : 14.50 Evaluated at bid price : 14.50 Bid-YTW : 9.03 % |
BN.PR.X | FixedReset Disc | 1.69 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-08 Maturity Price : 15.00 Evaluated at bid price : 15.00 Bid-YTW : 8.43 % |
BMO.PR.Y | FixedReset Disc | 1.81 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-08 Maturity Price : 19.14 Evaluated at bid price : 19.14 Bid-YTW : 7.57 % |
PWF.PR.G | Perpetual-Discount | 1.84 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-08 Maturity Price : 22.96 Evaluated at bid price : 23.23 Bid-YTW : 6.48 % |
SLF.PR.H | FixedReset Ins Non | 2.13 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-08 Maturity Price : 18.25 Evaluated at bid price : 18.25 Bid-YTW : 6.98 % |
FFH.PR.G | FixedReset Disc | 2.25 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-08 Maturity Price : 16.36 Evaluated at bid price : 16.36 Bid-YTW : 8.53 % |
TD.PF.E | FixedReset Disc | 3.28 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-08 Maturity Price : 20.16 Evaluated at bid price : 20.16 Bid-YTW : 7.37 % |
IFC.PR.F | Insurance Straight | 3.95 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-08 Maturity Price : 20.25 Evaluated at bid price : 20.25 Bid-YTW : 6.61 % |
PWF.PR.P | FixedReset Disc | 5.59 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-08 Maturity Price : 14.16 Evaluated at bid price : 14.16 Bid-YTW : 8.07 % |
NA.PR.W | FixedReset Disc | 5.88 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-08 Maturity Price : 18.00 Evaluated at bid price : 18.00 Bid-YTW : 7.61 % |
Volume Highlights | |||
Issue | Index | Shares Traded |
Notes |
CM.PR.P | FixedReset Disc | 164,896 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-08 Maturity Price : 17.92 Evaluated at bid price : 17.92 Bid-YTW : 7.62 % |
BMO.PR.Y | FixedReset Disc | 70,000 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-08 Maturity Price : 19.14 Evaluated at bid price : 19.14 Bid-YTW : 7.57 % |
TD.PF.C | FixedReset Disc | 30,846 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-08 Maturity Price : 18.84 Evaluated at bid price : 18.84 Bid-YTW : 7.40 % |
TD.PF.B | FixedReset Disc | 27,425 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-08 Maturity Price : 20.11 Evaluated at bid price : 20.11 Bid-YTW : 7.03 % |
BNS.PR.I | FixedReset Prem | 26,052 | YTW SCENARIO Maturity Type : Call Maturity Date : 2024-02-26 Maturity Price : 25.00 Evaluated at bid price : 24.92 Bid-YTW : 5.42 % |
PWF.PR.H | Perpetual-Discount | 25,053 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-08 Maturity Price : 21.63 Evaluated at bid price : 21.88 Bid-YTW : 6.71 % |
There were 11 other index-included issues trading in excess of 10,000 shares. |
Wide Spread Highlights | ||
Issue | Index | Quote Data and Yield Notes |
BMO.PR.W | FixedReset Disc | Quote: 18.10 – 24.50 Spot Rate : 6.4000 Average : 3.5360 YTW SCENARIO |
TD.PF.C | FixedReset Disc | Quote: 18.84 – 23.33 Spot Rate : 4.4900 Average : 2.4674 YTW SCENARIO |
CIU.PR.A | Perpetual-Discount | Quote: 17.50 – 20.00 Spot Rate : 2.5000 Average : 1.3442 YTW SCENARIO |
TD.PF.B | FixedReset Disc | Quote: 20.11 – 21.10 Spot Rate : 0.9900 Average : 0.6110 YTW SCENARIO |
FFH.PR.H | FloatingReset | Quote: 17.70 – 18.45 Spot Rate : 0.7500 Average : 0.4990 YTW SCENARIO |
TD.PF.E | FixedReset Disc | Quote: 20.16 – 21.45 Spot Rate : 1.2900 Average : 1.0410 YTW SCENARIO |
This rally seems to have legs – the TXPR price index was up another 0.48% today to 549.53, making a gain of 3.07% from the 533.17 close on 2023-12-27, the last day of tax-loss selling. Geez, if we annualize that …
HIMIPref™ Preferred Indices These values reflect the December 2008 revision of the HIMIPref™ Indices Values are provisional and are finalized monthly |
|||||||
Index | Mean Current Yield (at bid) |
Median YTW |
Median Average Trading Value |
Median Mod Dur (YTW) |
Issues | Day’s Perf. | Index Value |
Ratchet | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.0000 % | 2,135.4 |
FixedFloater | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.0000 % | 4,095.8 |
Floater | 11.40 % | 11.58 % | 45,470 | 8.44 | 2 | 0.0000 % | 2,360.4 |
OpRet | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.7061 % | 3,396.4 |
SplitShare | 4.96 % | 7.40 % | 52,055 | 2.01 | 7 | 0.7061 % | 4,056.0 |
Interest-Bearing | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.7061 % | 3,164.7 |
Perpetual-Premium | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.6481 % | 2,645.6 |
Perpetual-Discount | 6.49 % | 6.61 % | 56,594 | 13.02 | 34 | 0.6481 % | 2,884.9 |
FixedReset Disc | 5.76 % | 7.59 % | 120,658 | 12.13 | 59 | 0.4557 % | 2,275.2 |
Insurance Straight | 6.40 % | 6.53 % | 76,117 | 13.18 | 20 | 0.5966 % | 2,831.0 |
FloatingReset | 10.50 % | 10.64 % | 36,080 | 9.08 | 5 | 1.1825 % | 2,559.7 |
FixedReset Prem | 5.94 % | 6.68 % | 154,730 | 12.79 | 2 | -0.9111 % | 2,510.6 |
FixedReset Bank Non | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.4557 % | 2,325.7 |
FixedReset Ins Non | 5.58 % | 7.15 % | 86,317 | 12.63 | 14 | 0.2660 % | 2,547.2 |
Performance Highlights | |||
Issue | Index | Change | Notes |
IFC.PR.E | Insurance Straight | -1.63 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-05 Maturity Price : 19.87 Evaluated at bid price : 19.87 Bid-YTW : 6.60 % |
MIC.PR.A | Perpetual-Discount | -1.03 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-05 Maturity Price : 18.26 Evaluated at bid price : 18.26 Bid-YTW : 7.47 % |
BMO.PR.E | FixedReset Disc | -1.02 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-05 Maturity Price : 22.89 Evaluated at bid price : 24.25 Bid-YTW : 6.46 % |
SLF.PR.D | Insurance Straight | 1.05 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-05 Maturity Price : 18.31 Evaluated at bid price : 18.31 Bid-YTW : 6.13 % |
CU.PR.E | Perpetual-Discount | 1.05 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-05 Maturity Price : 19.22 Evaluated at bid price : 19.22 Bid-YTW : 6.47 % |
BMO.PR.S | FixedReset Disc | 1.06 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-05 Maturity Price : 19.97 Evaluated at bid price : 19.97 Bid-YTW : 7.10 % |
CM.PR.P | FixedReset Disc | 1.08 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-05 Maturity Price : 17.81 Evaluated at bid price : 17.81 Bid-YTW : 7.59 % |
BMO.PR.W | FixedReset Disc | 1.10 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-05 Maturity Price : 18.30 Evaluated at bid price : 18.30 Bid-YTW : 7.51 % |
BMO.PR.T | FixedReset Disc | 1.18 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-05 Maturity Price : 18.82 Evaluated at bid price : 18.82 Bid-YTW : 7.36 % |
CU.PR.G | Perpetual-Discount | 1.21 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-05 Maturity Price : 17.50 Evaluated at bid price : 17.50 Bid-YTW : 6.53 % |
BN.PF.G | FixedReset Disc | 1.23 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-05 Maturity Price : 16.48 Evaluated at bid price : 16.48 Bid-YTW : 8.91 % |
GWO.PR.G | Insurance Straight | 1.26 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-05 Maturity Price : 20.05 Evaluated at bid price : 20.05 Bid-YTW : 6.54 % |
FFH.PR.I | FixedReset Disc | 1.27 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-05 Maturity Price : 16.75 Evaluated at bid price : 16.75 Bid-YTW : 8.63 % |
SLF.PR.G | FixedReset Ins Non | 1.30 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-05 Maturity Price : 14.00 Evaluated at bid price : 14.00 Bid-YTW : 7.94 % |
SLF.PR.C | Insurance Straight | 1.37 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-05 Maturity Price : 18.50 Evaluated at bid price : 18.50 Bid-YTW : 6.06 % |
NA.PR.W | FixedReset Disc | 1.41 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-05 Maturity Price : 17.00 Evaluated at bid price : 17.00 Bid-YTW : 7.98 % |
GWO.PR.I | Insurance Straight | 1.42 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-05 Maturity Price : 17.80 Evaluated at bid price : 17.80 Bid-YTW : 6.38 % |
RY.PR.Z | FixedReset Disc | 1.53 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-05 Maturity Price : 19.85 Evaluated at bid price : 19.85 Bid-YTW : 6.99 % |
TD.PF.A | FixedReset Disc | 1.68 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-05 Maturity Price : 19.42 Evaluated at bid price : 19.42 Bid-YTW : 7.12 % |
CU.PR.J | Perpetual-Discount | 1.70 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-05 Maturity Price : 18.55 Evaluated at bid price : 18.55 Bid-YTW : 6.50 % |
GWO.PR.S | Insurance Straight | 1.70 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-05 Maturity Price : 20.30 Evaluated at bid price : 20.30 Bid-YTW : 6.52 % |
PVS.PR.H | SplitShare | 1.73 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2027-02-28 Maturity Price : 25.00 Evaluated at bid price : 23.50 Bid-YTW : 7.03 % |
GWO.PR.H | Insurance Straight | 1.74 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-05 Maturity Price : 18.76 Evaluated at bid price : 18.76 Bid-YTW : 6.52 % |
POW.PR.C | Perpetual-Discount | 1.77 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-05 Maturity Price : 22.71 Evaluated at bid price : 23.00 Bid-YTW : 6.33 % |
GWO.PR.M | Insurance Straight | 1.79 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-05 Maturity Price : 22.44 Evaluated at bid price : 22.70 Bid-YTW : 6.43 % |
FTS.PR.K | FixedReset Disc | 1.88 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-05 Maturity Price : 17.85 Evaluated at bid price : 17.85 Bid-YTW : 7.59 % |
FTS.PR.I | FloatingReset | 1.90 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-05 Maturity Price : 15.55 Evaluated at bid price : 15.55 Bid-YTW : 10.80 % |
PWF.PR.K | Perpetual-Discount | 1.92 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-05 Maturity Price : 19.15 Evaluated at bid price : 19.15 Bid-YTW : 6.60 % |
PWF.PR.S | Perpetual-Discount | 1.97 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-05 Maturity Price : 18.66 Evaluated at bid price : 18.66 Bid-YTW : 6.57 % |
MFC.PR.F | FixedReset Ins Non | 2.05 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-05 Maturity Price : 14.43 Evaluated at bid price : 14.43 Bid-YTW : 7.53 % |
NA.PR.S | FixedReset Disc | 2.06 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-05 Maturity Price : 19.60 Evaluated at bid price : 19.60 Bid-YTW : 7.24 % |
PVS.PR.K | SplitShare | 2.16 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2029-05-31 Maturity Price : 25.00 Evaluated at bid price : 22.25 Bid-YTW : 7.05 % |
FTS.PR.G | FixedReset Disc | 2.26 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-05 Maturity Price : 21.25 Evaluated at bid price : 21.25 Bid-YTW : 6.72 % |
BN.PR.Z | FixedReset Disc | 2.62 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-05 Maturity Price : 18.80 Evaluated at bid price : 18.80 Bid-YTW : 8.34 % |
GWO.PR.T | Insurance Straight | 2.68 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-05 Maturity Price : 19.90 Evaluated at bid price : 19.90 Bid-YTW : 6.53 % |
FFH.PR.H | FloatingReset | 2.81 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-05 Maturity Price : 18.30 Evaluated at bid price : 18.30 Bid-YTW : 10.63 % |
BN.PF.B | FixedReset Disc | 2.86 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-05 Maturity Price : 18.00 Evaluated at bid price : 18.00 Bid-YTW : 8.30 % |
Volume Highlights | |||
Issue | Index | Shares Traded |
Notes |
TD.PF.I | FixedReset Disc | 140,600 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-05 Maturity Price : 23.10 Evaluated at bid price : 24.55 Bid-YTW : 6.48 % |
BNS.PR.I | FixedReset Prem | 97,300 | YTW SCENARIO Maturity Type : Call Maturity Date : 2024-02-26 Maturity Price : 25.00 Evaluated at bid price : 24.92 Bid-YTW : 5.11 % |
CM.PR.O | FixedReset Disc | 96,700 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-05 Maturity Price : 18.88 Evaluated at bid price : 18.88 Bid-YTW : 7.34 % |
IFC.PR.C | FixedReset Ins Non | 93,840 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-05 Maturity Price : 18.38 Evaluated at bid price : 18.38 Bid-YTW : 7.52 % |
TD.PF.B | FixedReset Disc | 88,032 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-05 Maturity Price : 19.92 Evaluated at bid price : 19.92 Bid-YTW : 7.03 % |
BN.PF.F | FixedReset Disc | 82,700 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-05 Maturity Price : 17.70 Evaluated at bid price : 17.70 Bid-YTW : 8.64 % |
There were 13 other index-included issues trading in excess of 10,000 shares. |
Wide Spread Highlights | ||
Issue | Index | Quote Data and Yield Notes |
CU.PR.I | FixedReset Disc | Quote: 21.75 – 24.50 Spot Rate : 2.7500 Average : 1.5559 YTW SCENARIO |
BN.PR.N | Perpetual-Discount | Quote: 17.25 – 18.29 Spot Rate : 1.0400 Average : 0.6168 YTW SCENARIO |
POW.PR.B | Perpetual-Discount | Quote: 20.28 – 21.50 Spot Rate : 1.2200 Average : 0.8209 YTW SCENARIO |
MFC.PR.M | FixedReset Ins Non | Quote: 18.52 – 19.52 Spot Rate : 1.0000 Average : 0.6460 YTW SCENARIO |
PWF.PR.K | Perpetual-Discount | Quote: 19.15 – 19.97 Spot Rate : 0.8200 Average : 0.5380 YTW SCENARIO |
IFC.PR.E | Insurance Straight | Quote: 19.87 – 20.70 Spot Rate : 0.8300 Average : 0.5757 YTW SCENARIO |
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 | -0.2708 % | 2,135.4 |
FixedFloater | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.2708 % | 4,095.8 |
Floater | 11.40 % | 11.58 % | 45,785 | 8.45 | 2 | -0.2708 % | 2,360.4 |
OpRet | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.1580 % | 3,372.6 |
SplitShare | 4.99 % | 7.71 % | 51,420 | 2.01 | 7 | -0.1580 % | 4,027.6 |
Interest-Bearing | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.1580 % | 3,142.5 |
Perpetual-Premium | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.7408 % | 2,628.6 |
Perpetual-Discount | 6.53 % | 6.66 % | 56,737 | 12.97 | 34 | 0.7408 % | 2,866.3 |
FixedReset Disc | 5.79 % | 7.65 % | 120,998 | 12.04 | 59 | 0.4194 % | 2,264.9 |
Insurance Straight | 6.44 % | 6.58 % | 77,107 | 13.11 | 20 | 0.4071 % | 2,814.2 |
FloatingReset | 10.62 % | 10.91 % | 35,733 | 8.89 | 5 | 0.2936 % | 2,529.8 |
FixedReset Prem | 5.88 % | 6.67 % | 153,656 | 12.60 | 2 | 0.3378 % | 2,533.7 |
FixedReset Bank Non | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.4194 % | 2,315.2 |
FixedReset Ins Non | 5.59 % | 7.15 % | 86,955 | 12.54 | 14 | 0.5963 % | 2,540.4 |
Performance Highlights | |||
Issue | Index | Change | Notes |
NA.PR.W | FixedReset Disc | -2.86 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-04 Maturity Price : 17.00 Evaluated at bid price : 17.00 Bid-YTW : 8.10 % |
IFC.PR.F | Insurance Straight | -1.86 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-04 Maturity Price : 19.48 Evaluated at bid price : 19.48 Bid-YTW : 6.87 % |
SLF.PR.D | Insurance Straight | -1.52 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-04 Maturity Price : 18.12 Evaluated at bid price : 18.12 Bid-YTW : 6.19 % |
PVS.PR.H | SplitShare | -1.49 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2027-02-28 Maturity Price : 25.00 Evaluated at bid price : 23.10 Bid-YTW : 7.63 % |
SLF.PR.E | Insurance Straight | -1.35 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-04 Maturity Price : 18.29 Evaluated at bid price : 18.29 Bid-YTW : 6.20 % |
SLF.PR.C | Insurance Straight | -1.24 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-04 Maturity Price : 18.25 Evaluated at bid price : 18.25 Bid-YTW : 6.15 % |
CU.PR.G | Perpetual-Discount | -1.20 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-04 Maturity Price : 17.29 Evaluated at bid price : 17.29 Bid-YTW : 6.61 % |
PVS.PR.K | SplitShare | -1.04 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2029-05-31 Maturity Price : 25.00 Evaluated at bid price : 21.78 Bid-YTW : 7.51 % |
IFC.PR.K | Perpetual-Discount | 1.01 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-04 Maturity Price : 20.01 Evaluated at bid price : 20.01 Bid-YTW : 6.62 % |
FFH.PR.C | FixedReset Disc | 1.02 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-04 Maturity Price : 19.85 Evaluated at bid price : 19.85 Bid-YTW : 8.05 % |
CM.PR.P | FixedReset Disc | 1.03 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-04 Maturity Price : 17.62 Evaluated at bid price : 17.62 Bid-YTW : 7.67 % |
PVS.PR.G | SplitShare | 1.06 % | YTW SCENARIO Maturity Type : Option Certainty Maturity Date : 2026-02-28 Maturity Price : 25.00 Evaluated at bid price : 23.90 Bid-YTW : 7.38 % |
PWF.PR.E | Perpetual-Discount | 1.06 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-04 Maturity Price : 20.92 Evaluated at bid price : 20.92 Bid-YTW : 6.72 % |
GWO.PR.P | Insurance Straight | 1.12 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-04 Maturity Price : 20.70 Evaluated at bid price : 20.70 Bid-YTW : 6.58 % |
GWO.PR.N | FixedReset Ins Non | 1.14 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-04 Maturity Price : 13.36 Evaluated at bid price : 13.36 Bid-YTW : 7.91 % |
BN.PR.T | FixedReset Disc | 1.25 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-04 Maturity Price : 14.55 Evaluated at bid price : 14.55 Bid-YTW : 8.97 % |
BIP.PR.B | FixedReset Disc | 1.26 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-04 Maturity Price : 21.40 Evaluated at bid price : 21.72 Bid-YTW : 8.68 % |
FTS.PR.K | FixedReset Disc | 1.27 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-04 Maturity Price : 17.52 Evaluated at bid price : 17.52 Bid-YTW : 7.74 % |
BIP.PR.E | FixedReset Disc | 1.30 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-04 Maturity Price : 20.31 Evaluated at bid price : 20.31 Bid-YTW : 7.95 % |
TD.PF.A | FixedReset Disc | 1.33 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-04 Maturity Price : 19.10 Evaluated at bid price : 19.10 Bid-YTW : 7.24 % |
IFC.PR.C | FixedReset Ins Non | 1.39 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-04 Maturity Price : 18.25 Evaluated at bid price : 18.25 Bid-YTW : 7.57 % |
BN.PR.N | Perpetual-Discount | 1.41 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-04 Maturity Price : 17.31 Evaluated at bid price : 17.31 Bid-YTW : 6.93 % |
CU.PR.C | FixedReset Disc | 1.49 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-04 Maturity Price : 18.36 Evaluated at bid price : 18.36 Bid-YTW : 7.71 % |
CU.PR.E | Perpetual-Discount | 1.55 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-04 Maturity Price : 19.02 Evaluated at bid price : 19.02 Bid-YTW : 6.54 % |
TD.PF.D | FixedReset Disc | 1.55 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-04 Maturity Price : 19.60 Evaluated at bid price : 19.60 Bid-YTW : 7.48 % |
RY.PR.Z | FixedReset Disc | 1.56 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-04 Maturity Price : 19.55 Evaluated at bid price : 19.55 Bid-YTW : 7.10 % |
MFC.PR.L | FixedReset Ins Non | 1.65 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-04 Maturity Price : 19.10 Evaluated at bid price : 19.10 Bid-YTW : 7.16 % |
POW.PR.A | Perpetual-Discount | 1.67 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-04 Maturity Price : 21.25 Evaluated at bid price : 21.25 Bid-YTW : 6.63 % |
RY.PR.N | Perpetual-Discount | 1.73 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-04 Maturity Price : 21.47 Evaluated at bid price : 21.77 Bid-YTW : 5.69 % |
FTS.PR.I | FloatingReset | 1.73 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-04 Maturity Price : 15.26 Evaluated at bid price : 15.26 Bid-YTW : 11.00 % |
CU.PR.D | Perpetual-Discount | 1.77 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-04 Maturity Price : 18.99 Evaluated at bid price : 18.99 Bid-YTW : 6.55 % |
BIK.PR.A | FixedReset Disc | 1.99 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-04 Maturity Price : 21.67 Evaluated at bid price : 22.05 Bid-YTW : 8.29 % |
POW.PR.D | Perpetual-Discount | 2.08 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-04 Maturity Price : 19.16 Evaluated at bid price : 19.16 Bid-YTW : 6.56 % |
MIC.PR.A | Perpetual-Discount | 2.16 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-04 Maturity Price : 18.45 Evaluated at bid price : 18.45 Bid-YTW : 7.39 % |
MFC.PR.J | FixedReset Ins Non | 2.20 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-04 Maturity Price : 22.44 Evaluated at bid price : 23.20 Bid-YTW : 6.46 % |
CCS.PR.C | Insurance Straight | 2.59 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-04 Maturity Price : 19.01 Evaluated at bid price : 19.01 Bid-YTW : 6.64 % |
BIP.PR.A | FixedReset Disc | 2.91 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-04 Maturity Price : 17.31 Evaluated at bid price : 17.31 Bid-YTW : 9.52 % |
BMO.PR.W | FixedReset Disc | 3.25 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-04 Maturity Price : 18.10 Evaluated at bid price : 18.10 Bid-YTW : 7.59 % |
IFC.PR.E | Insurance Straight | 3.27 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-04 Maturity Price : 20.20 Evaluated at bid price : 20.20 Bid-YTW : 6.49 % |
IFC.PR.I | Insurance Straight | 3.70 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-04 Maturity Price : 21.00 Evaluated at bid price : 21.00 Bid-YTW : 6.49 % |
Volume Highlights | |||
Issue | Index | Shares Traded |
Notes |
TD.PF.A | FixedReset Disc | 109,300 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-04 Maturity Price : 19.10 Evaluated at bid price : 19.10 Bid-YTW : 7.24 % |
BNS.PR.I | FixedReset Prem | 84,200 | YTW SCENARIO Maturity Type : Call Maturity Date : 2024-02-26 Maturity Price : 25.00 Evaluated at bid price : 24.91 Bid-YTW : 5.29 % |
MFC.PR.I | FixedReset Ins Non | 59,500 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-04 Maturity Price : 22.11 Evaluated at bid price : 22.59 Bid-YTW : 6.81 % |
TD.PF.B | FixedReset Disc | 52,425 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-04 Maturity Price : 19.91 Evaluated at bid price : 19.91 Bid-YTW : 7.03 % |
CU.PR.C | FixedReset Disc | 51,150 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-04 Maturity Price : 18.36 Evaluated at bid price : 18.36 Bid-YTW : 7.71 % |
CU.PR.I | FixedReset Disc | 50,400 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-04 Maturity Price : 21.34 Evaluated at bid price : 21.65 Bid-YTW : 7.77 % |
There were 10 other index-included issues trading in excess of 10,000 shares. |
Wide Spread Highlights | ||
Issue | Index | Quote Data and Yield Notes |
MFC.PR.F | FixedReset Ins Non | Quote: 14.14 – 19.38 Spot Rate : 5.2400 Average : 3.6831 YTW SCENARIO |
CU.PR.F | Perpetual-Discount | Quote: 17.27 – 20.00 Spot Rate : 2.7300 Average : 2.2483 YTW SCENARIO |
TD.PF.D | FixedReset Disc | Quote: 19.60 – 20.90 Spot Rate : 1.3000 Average : 0.8350 YTW SCENARIO |
NA.PR.W | FixedReset Disc | Quote: 17.00 – 18.11 Spot Rate : 1.1100 Average : 0.7019 YTW SCENARIO |
TD.PF.E | FixedReset Disc | Quote: 19.52 – 20.50 Spot Rate : 0.9800 Average : 0.6998 YTW SCENARIO |
PVS.PR.H | SplitShare | Quote: 23.10 – 24.00 Spot Rate : 0.9000 Average : 0.6345 YTW SCENARIO |
TXPR closed at 544.96, up 0.64% on the day. Volume today was 1.26-million, third-lowest of the past 21 trading days.
CPD closed at 10.84, up 0.84% on the day. Volume was 119,330, slightly below the median of the past 21 trading days.
ZPR closed at 9.17, up 0.66% on the day. Volume was 54,700, lowest of the past 21 trading days.
Five-year Canada yields were up to 3.28%.
The pundits have a pat answer for today’s action in major markets:
U.S. and Canadian stock indexes ended the second session of the year down again in extended profit-taking on Wednesday after a strong finish to 2023, with minutes from the Federal Reserve’s December meeting failing to shake off the funk hanging over markets.
It was the first time the benchmark S&P 500 index has started the year with two straight declines since it kicked off 2015 with a three-session skid. It is also its worst two-day performance, on a percentage basis, since late-October.
The decline contrasts with the blistering run for all three major Wall Street benchmarks in the final two months of the year. The S&P 500 came within striking distance of its all-time closing high last week as signs of cooling inflation spurred investors to bet on an aggressive rate-cutting schedule.
…
As of Wednesday, implied probabilities in interest rate swaps markets suggest the Bank of Canada will start cutting interest rates in April, with 125 basis points of cuts priced in by the end of this year.
Definitely, “profit taking” is my favourite rationale for market movement!
PerpetualDiscounts now yield 6.72%, equivalent to 8.74% interest at the standard equivalency factor of 1.3x. Long corporates yielded 4.72% on 2023-12-15 and since then the closing price has changed from 15.88 to 15.33, a decline of 346bp in price, with a Duration (BMO doesn’t specify Modified or Macaulay – I will assume the former) of 12.60 implying an increase of 27bp in yield to 4.99%, so the pre-tax interest-equivalent spread (in this context, the “Seniority Spread”) has narrowed sharply to 374bp from the 430bp reported December 27.
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 | 0.4989 % | 2,141.2 |
FixedFloater | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.4989 % | 4,106.9 |
Floater | 11.37 % | 11.51 % | 53,146 | 8.49 | 2 | 0.4989 % | 2,366.8 |
OpRet | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.1153 % | 3,377.9 |
SplitShare | 4.98 % | 7.80 % | 51,172 | 2.01 | 7 | -0.1153 % | 4,034.0 |
Interest-Bearing | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.1153 % | 3,147.5 |
Perpetual-Premium | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.8972 % | 2,609.3 |
Perpetual-Discount | 6.58 % | 6.72 % | 57,673 | 12.90 | 34 | 0.8972 % | 2,845.3 |
FixedReset Disc | 5.82 % | 7.73 % | 115,882 | 12.00 | 59 | 0.3818 % | 2,255.4 |
Insurance Straight | 6.46 % | 6.63 % | 76,163 | 13.05 | 20 | 0.6630 % | 2,802.8 |
FloatingReset | 10.65 % | 10.87 % | 37,177 | 8.92 | 5 | 0.3299 % | 2,522.4 |
FixedReset Prem | 5.90 % | 6.72 % | 158,677 | 12.55 | 2 | -0.6711 % | 2,525.2 |
FixedReset Bank Non | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.3818 % | 2,305.5 |
FixedReset Ins Non | 5.63 % | 7.17 % | 80,448 | 12.54 | 14 | 0.5612 % | 2,525.3 |
Performance Highlights | |||
Issue | Index | Change | Notes |
CU.PR.C | FixedReset Disc | -2.27 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-03 Maturity Price : 18.09 Evaluated at bid price : 18.09 Bid-YTW : 7.82 % |
IFC.PR.I | Insurance Straight | -2.17 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-03 Maturity Price : 20.25 Evaluated at bid price : 20.25 Bid-YTW : 6.73 % |
PVS.PR.J | SplitShare | -1.99 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2028-02-29 Maturity Price : 25.00 Evaluated at bid price : 22.15 Bid-YTW : 7.80 % |
BN.PF.G | FixedReset Disc | -1.98 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-03 Maturity Price : 16.37 Evaluated at bid price : 16.37 Bid-YTW : 8.96 % |
RY.PR.N | Perpetual-Discount | -1.61 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-03 Maturity Price : 21.40 Evaluated at bid price : 21.40 Bid-YTW : 5.81 % |
BN.PF.B | FixedReset Disc | -1.42 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-03 Maturity Price : 17.33 Evaluated at bid price : 17.33 Bid-YTW : 8.62 % |
CM.PR.P | FixedReset Disc | -1.41 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-03 Maturity Price : 17.44 Evaluated at bid price : 17.44 Bid-YTW : 7.75 % |
NA.PR.C | FixedReset Prem | -1.32 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-03 Maturity Price : 23.40 Evaluated at bid price : 25.41 Bid-YTW : 6.72 % |
BN.PR.Z | FixedReset Disc | -1.24 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-03 Maturity Price : 18.28 Evaluated at bid price : 18.28 Bid-YTW : 8.57 % |
BN.PR.B | Floater | 1.00 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-03 Maturity Price : 11.11 Evaluated at bid price : 11.11 Bid-YTW : 11.51 % |
BN.PR.N | Perpetual-Discount | 1.01 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-03 Maturity Price : 17.07 Evaluated at bid price : 17.07 Bid-YTW : 7.02 % |
SLF.PR.E | Insurance Straight | 1.04 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-03 Maturity Price : 18.54 Evaluated at bid price : 18.54 Bid-YTW : 6.12 % |
GWO.PR.H | Insurance Straight | 1.04 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-03 Maturity Price : 18.46 Evaluated at bid price : 18.46 Bid-YTW : 6.63 % |
FFH.PR.M | FixedReset Disc | 1.06 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-03 Maturity Price : 21.56 Evaluated at bid price : 21.93 Bid-YTW : 8.13 % |
BN.PR.R | FixedReset Disc | 1.07 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-03 Maturity Price : 14.20 Evaluated at bid price : 14.20 Bid-YTW : 9.13 % |
POW.PR.G | Perpetual-Discount | 1.07 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-03 Maturity Price : 20.82 Evaluated at bid price : 20.82 Bid-YTW : 6.76 % |
FFH.PR.G | FixedReset Disc | 1.09 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-03 Maturity Price : 15.77 Evaluated at bid price : 15.77 Bid-YTW : 8.76 % |
PWF.PR.S | Perpetual-Discount | 1.11 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-03 Maturity Price : 18.20 Evaluated at bid price : 18.20 Bid-YTW : 6.74 % |
FFH.PR.F | FloatingReset | 1.14 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-03 Maturity Price : 16.90 Evaluated at bid price : 16.90 Bid-YTW : 10.91 % |
CM.PR.O | FixedReset Disc | 1.14 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-03 Maturity Price : 18.57 Evaluated at bid price : 18.57 Bid-YTW : 7.46 % |
CU.PR.G | Perpetual-Discount | 1.16 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-03 Maturity Price : 17.50 Evaluated at bid price : 17.50 Bid-YTW : 6.53 % |
PWF.PR.E | Perpetual-Discount | 1.17 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-03 Maturity Price : 20.70 Evaluated at bid price : 20.70 Bid-YTW : 6.79 % |
GWO.PR.L | Insurance Straight | 1.18 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-03 Maturity Price : 21.50 Evaluated at bid price : 21.50 Bid-YTW : 6.63 % |
SLF.PR.D | Insurance Straight | 1.21 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-03 Maturity Price : 18.40 Evaluated at bid price : 18.40 Bid-YTW : 6.10 % |
POW.PR.A | Perpetual-Discount | 1.21 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-03 Maturity Price : 20.90 Evaluated at bid price : 20.90 Bid-YTW : 6.74 % |
FTS.PR.I | FloatingReset | 1.21 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-03 Maturity Price : 15.00 Evaluated at bid price : 15.00 Bid-YTW : 11.19 % |
SLF.PR.H | FixedReset Ins Non | 1.29 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-03 Maturity Price : 18.08 Evaluated at bid price : 18.08 Bid-YTW : 6.98 % |
PVS.PR.K | SplitShare | 1.29 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2029-05-31 Maturity Price : 25.00 Evaluated at bid price : 22.01 Bid-YTW : 7.28 % |
POW.PR.D | Perpetual-Discount | 1.30 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-03 Maturity Price : 18.77 Evaluated at bid price : 18.77 Bid-YTW : 6.70 % |
PWF.PR.F | Perpetual-Discount | 1.33 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-03 Maturity Price : 19.81 Evaluated at bid price : 19.81 Bid-YTW : 6.77 % |
MFC.PR.L | FixedReset Ins Non | 1.35 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-03 Maturity Price : 18.79 Evaluated at bid price : 18.79 Bid-YTW : 7.28 % |
BN.PR.X | FixedReset Disc | 1.38 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-03 Maturity Price : 14.70 Evaluated at bid price : 14.70 Bid-YTW : 8.53 % |
PWF.PR.L | Perpetual-Discount | 1.42 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-03 Maturity Price : 19.30 Evaluated at bid price : 19.30 Bid-YTW : 6.75 % |
BN.PF.F | FixedReset Disc | 1.68 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-03 Maturity Price : 17.60 Evaluated at bid price : 17.60 Bid-YTW : 8.69 % |
PWF.PF.A | Perpetual-Discount | 1.71 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-03 Maturity Price : 17.20 Evaluated at bid price : 17.20 Bid-YTW : 6.68 % |
BN.PF.C | Perpetual-Discount | 1.76 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-03 Maturity Price : 17.30 Evaluated at bid price : 17.30 Bid-YTW : 7.07 % |
POW.PR.C | Perpetual-Discount | 1.80 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-03 Maturity Price : 22.33 Evaluated at bid price : 22.60 Bid-YTW : 6.44 % |
IFC.PR.F | Insurance Straight | 1.90 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-03 Maturity Price : 19.85 Evaluated at bid price : 19.85 Bid-YTW : 6.74 % |
BN.PF.D | Perpetual-Discount | 1.99 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-03 Maturity Price : 17.40 Evaluated at bid price : 17.40 Bid-YTW : 7.11 % |
MFC.PR.F | FixedReset Ins Non | 2.00 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-03 Maturity Price : 14.26 Evaluated at bid price : 14.26 Bid-YTW : 7.61 % |
FFH.PR.K | FixedReset Disc | 2.03 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-03 Maturity Price : 19.09 Evaluated at bid price : 19.09 Bid-YTW : 8.44 % |
CU.PR.I | FixedReset Disc | 2.24 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-03 Maturity Price : 21.47 Evaluated at bid price : 21.47 Bid-YTW : 7.85 % |
BN.PR.M | Perpetual-Discount | 2.37 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-03 Maturity Price : 17.25 Evaluated at bid price : 17.25 Bid-YTW : 6.95 % |
PWF.PR.Z | Perpetual-Discount | 2.46 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-03 Maturity Price : 19.55 Evaluated at bid price : 19.55 Bid-YTW : 6.73 % |
PWF.PR.P | FixedReset Disc | 2.61 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-03 Maturity Price : 13.39 Evaluated at bid price : 13.39 Bid-YTW : 8.43 % |
BN.PF.I | FixedReset Disc | 2.63 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-03 Maturity Price : 19.50 Evaluated at bid price : 19.50 Bid-YTW : 8.69 % |
CU.PR.H | Perpetual-Discount | 2.64 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-03 Maturity Price : 20.20 Evaluated at bid price : 20.20 Bid-YTW : 6.60 % |
GWO.PR.M | Insurance Straight | 3.22 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-03 Maturity Price : 22.17 Evaluated at bid price : 22.45 Bid-YTW : 6.50 % |
CCS.PR.C | Insurance Straight | 3.52 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-03 Maturity Price : 18.53 Evaluated at bid price : 18.53 Bid-YTW : 6.81 % |
Volume Highlights | |||
Issue | Index | Shares Traded |
Notes |
BNS.PR.I | FixedReset Prem | 56,809 | YTW SCENARIO Maturity Type : Call Maturity Date : 2024-02-26 Maturity Price : 25.00 Evaluated at bid price : 24.91 Bid-YTW : 5.19 % |
RY.PR.Z | FixedReset Disc | 41,000 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-03 Maturity Price : 19.25 Evaluated at bid price : 19.25 Bid-YTW : 7.21 % |
BN.PF.G | FixedReset Disc | 34,200 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-03 Maturity Price : 16.37 Evaluated at bid price : 16.37 Bid-YTW : 8.96 % |
MFC.PR.K | FixedReset Ins Non | 25,635 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-03 Maturity Price : 21.92 Evaluated at bid price : 22.40 Bid-YTW : 6.46 % |
GWO.PR.N | FixedReset Ins Non | 21,300 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-03 Maturity Price : 13.21 Evaluated at bid price : 13.21 Bid-YTW : 7.99 % |
SLF.PR.H | FixedReset Ins Non | 20,700 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-03 Maturity Price : 18.08 Evaluated at bid price : 18.08 Bid-YTW : 6.98 % |
There were 9 other index-included issues trading in excess of 10,000 shares. |
Wide Spread Highlights | ||
Issue | Index | Quote Data and Yield Notes |
CU.PR.F | Perpetual-Discount | Quote: 17.27 – 20.00 Spot Rate : 2.7300 Average : 1.7201 YTW SCENARIO |
BN.PR.Z | FixedReset Disc | Quote: 18.28 – 19.55 Spot Rate : 1.2700 Average : 0.7859 YTW SCENARIO |
POW.PR.B | Perpetual-Discount | Quote: 20.02 – 21.02 Spot Rate : 1.0000 Average : 0.5841 YTW SCENARIO |
BIK.PR.A | FixedReset Disc | Quote: 21.62 – 22.50 Spot Rate : 0.8800 Average : 0.5334 YTW SCENARIO |
GWO.PR.I | Insurance Straight | Quote: 17.45 – 18.25 Spot Rate : 0.8000 Average : 0.4810 YTW SCENARIO |
BN.PF.F | FixedReset Disc | Quote: 17.60 – 19.00 Spot Rate : 1.4000 Average : 1.1232 YTW SCENARIO |
DC.PR.D SIB Successful, but Undersubscribed
January 8th, 2024Dundee Corporation has announced (on 2023-12-28):
The SIB was previously discussed on PrefBlog.
Thanks to Assiduous Reader paullo for bringing this to my attention!
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