October 31, 2018

No cashiers here!

Think of it as the ultimate self check-out experience. Instead of waiting for someone to ring up your grocery items, customers can now simply pick out what they need, scan an app and walk out of the store.

Amazon started it first with its cashier-less Amazon Go store, but now Sam’s Club (owned by Walmart) is following suit with its Sam’s Club Now store, which will open in Dallas next month.

It’s a relatively simple concept that requires zero cashiers. Customers use the Sam’s Club Scan & Go app to add products to their receipt as they shop. When they’re done shopping, customers pay through the app with a single click and just walk out of the store. Instead of traditional checkout lines, there are 700 cameras to keep customers honest and monitor inventory.

Fortunately, Canadian retailers don’t have to worry about all this technology guff – we’ve got cheap labour! Productivity, schmoductivity!

There haven’t been too many good days this month, but we’re closing on a good note!

rainbow_181031
Click for Big

The TXPR price index was up 1.69% today after six straight trading days of losses; it was only the sixth gain in the month and most of the other five were pretty skimpy!

PerpetualDiscounts now yield 5.80%, equivalent to 7.54% interest at the standard equivalency factor of 1.3x. Long corporates now yield a little over 4.15%, so the pre-tax interest-equivalent spread (in this context, the “Seniority Spread”) is now about 340bp, a slight (and perhaps spurious) widening from the 335bp reported October 24.

HIMIPref™ Preferred Indices
These values reflect the December 2008 revision of the HIMIPref™ Indices

Values are provisional and are finalized monthly
Index Mean
Current
Yield
(at bid)
Median
YTW
Median
Average
Trading
Value
Median
Mod Dur
(YTW)
Issues Day’s Perf. Index Value
Ratchet 0.00 % 0.00 % 0 0.00 0 1.0531 % 3,024.3
FixedFloater 0.00 % 0.00 % 0 0.00 0 1.0531 % 5,549.4
Floater 3.84 % 4.06 % 41,265 17.29 4 1.0531 % 3,198.1
OpRet 0.00 % 0.00 % 0 0.00 0 -0.7252 % 3,189.2
SplitShare 4.67 % 4.98 % 54,054 4.68 5 -0.7252 % 3,808.6
Interest-Bearing 0.00 % 0.00 % 0 0.00 0 -0.7252 % 2,971.6
Perpetual-Premium 5.74 % 5.84 % 65,816 14.10 12 0.5812 % 2,856.7
Perpetual-Discount 5.68 % 5.80 % 75,355 14.18 21 0.9801 % 2,890.8
FixedReset Disc 4.37 % 5.29 % 164,673 15.16 45 2.0546 % 2,495.8
Deemed-Retractible 5.38 % 6.57 % 72,421 5.21 27 1.0771 % 2,883.7
FloatingReset 3.84 % 3.95 % 47,902 5.46 4 2.0039 % 2,762.5
FixedReset Prem 4.94 % 4.49 % 255,239 3.07 34 0.8560 % 2,539.7
FixedReset Bank Non 3.13 % 4.05 % 102,165 3.03 7 0.0662 % 2,571.3
FixedReset Ins Non 4.52 % 6.22 % 131,584 5.32 22 1.5210 % 2,474.6
Performance Highlights
Issue Index Change Notes
PVS.PR.D SplitShare -3.65 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2021-10-08
Maturity Price : 25.00
Evaluated at bid price : 24.52
Bid-YTW : 5.49 %
MFC.PR.I FixedReset Ins Non -1.69 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 22.74
Bid-YTW : 6.58 %
PVS.PR.F SplitShare -1.11 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2024-09-30
Maturity Price : 25.00
Evaluated at bid price : 25.00
Bid-YTW : 4.97 %
PWF.PR.T FixedReset Disc -1.07 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-10-31
Maturity Price : 21.75
Evaluated at bid price : 22.18
Bid-YTW : 5.34 %
TRP.PR.J FixedReset Prem 1.00 % YTW SCENARIO
Maturity Type : Call
Maturity Date : 2021-05-31
Maturity Price : 25.00
Evaluated at bid price : 26.16
Bid-YTW : 4.00 %
TD.PF.I FixedReset Prem 1.02 % YTW SCENARIO
Maturity Type : Call
Maturity Date : 2022-10-31
Maturity Price : 25.00
Evaluated at bid price : 24.77
Bid-YTW : 4.78 %
MFC.PR.L FixedReset Ins Non 1.04 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 21.38
Bid-YTW : 7.54 %
BAM.PF.H FixedReset Prem 1.04 % YTW SCENARIO
Maturity Type : Call
Maturity Date : 2020-12-31
Maturity Price : 25.00
Evaluated at bid price : 25.26
Bid-YTW : 4.73 %
MFC.PR.B Deemed-Retractible 1.07 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 19.90
Bid-YTW : 9.18 %
PWF.PR.F Perpetual-Discount 1.07 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-10-31
Maturity Price : 22.39
Evaluated at bid price : 22.65
Bid-YTW : 5.82 %
MFC.PR.C Deemed-Retractible 1.10 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 19.30
Bid-YTW : 9.60 %
BAM.PF.I FixedReset Prem 1.11 % YTW SCENARIO
Maturity Type : Call
Maturity Date : 2022-03-31
Maturity Price : 25.00
Evaluated at bid price : 25.50
Bid-YTW : 4.32 %
GWO.PR.Q Deemed-Retractible 1.12 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 22.65
Bid-YTW : 7.18 %
NA.PR.W FixedReset Disc 1.13 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-10-31
Maturity Price : 21.52
Evaluated at bid price : 21.52
Bid-YTW : 5.32 %
EIT.PR.B SplitShare 1.13 % YTW SCENARIO
Maturity Type : Soft Maturity
Maturity Date : 2025-03-14
Maturity Price : 25.00
Evaluated at bid price : 24.95
Bid-YTW : 4.98 %
GWO.PR.F Deemed-Retractible 1.20 % YTW SCENARIO
Maturity Type : Call
Maturity Date : 2018-11-30
Maturity Price : 25.00
Evaluated at bid price : 25.40
Bid-YTW : -7.25 %
GWO.PR.M Deemed-Retractible 1.20 % YTW SCENARIO
Maturity Type : Call
Maturity Date : 2019-03-31
Maturity Price : 25.00
Evaluated at bid price : 25.20
Bid-YTW : 5.13 %
IAG.PR.A Deemed-Retractible 1.22 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 20.75
Bid-YTW : 8.26 %
BIP.PR.E FixedReset Disc 1.27 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-10-31
Maturity Price : 22.82
Evaluated at bid price : 24.00
Bid-YTW : 5.48 %
PWF.PR.S Perpetual-Discount 1.31 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-10-31
Maturity Price : 20.90
Evaluated at bid price : 20.90
Bid-YTW : 5.78 %
BMO.PR.D FixedReset Prem 1.32 % YTW SCENARIO
Maturity Type : Call
Maturity Date : 2022-08-25
Maturity Price : 25.00
Evaluated at bid price : 24.76
Bid-YTW : 4.62 %
CM.PR.S FixedReset Disc 1.34 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-10-31
Maturity Price : 22.55
Evaluated at bid price : 23.42
Bid-YTW : 5.03 %
GWO.PR.L Deemed-Retractible 1.35 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 24.85
Bid-YTW : 5.90 %
W.PR.K FixedReset Prem 1.36 % YTW SCENARIO
Maturity Type : Call
Maturity Date : 2021-01-15
Maturity Price : 25.00
Evaluated at bid price : 25.30
Bid-YTW : 4.81 %
SLF.PR.E Deemed-Retractible 1.37 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 20.03
Bid-YTW : 8.84 %
GWO.PR.I Deemed-Retractible 1.37 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 20.00
Bid-YTW : 8.86 %
PWF.PR.Q FloatingReset 1.40 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-10-31
Maturity Price : 21.02
Evaluated at bid price : 21.02
Bid-YTW : 3.95 %
SLF.PR.D Deemed-Retractible 1.47 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 20.04
Bid-YTW : 8.77 %
GWO.PR.G Deemed-Retractible 1.52 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 22.75
Bid-YTW : 7.14 %
CM.PR.Q FixedReset Disc 1.52 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-10-31
Maturity Price : 23.02
Evaluated at bid price : 23.40
Bid-YTW : 5.33 %
HSE.PR.C FixedReset Disc 1.55 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-10-31
Maturity Price : 22.52
Evaluated at bid price : 23.00
Bid-YTW : 5.93 %
EMA.PR.F FixedReset Disc 1.56 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-10-31
Maturity Price : 23.02
Evaluated at bid price : 23.50
Bid-YTW : 5.24 %
TD.PF.A FixedReset Disc 1.57 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-10-31
Maturity Price : 22.03
Evaluated at bid price : 22.65
Bid-YTW : 5.03 %
BAM.PR.T FixedReset Disc 1.57 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-10-31
Maturity Price : 20.05
Evaluated at bid price : 20.05
Bid-YTW : 5.57 %
TRP.PR.K FixedReset Prem 1.58 % YTW SCENARIO
Maturity Type : Call
Maturity Date : 2022-05-31
Maturity Price : 25.00
Evaluated at bid price : 25.70
Bid-YTW : 4.32 %
BAM.PF.D Perpetual-Discount 1.67 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-10-31
Maturity Price : 20.69
Evaluated at bid price : 20.69
Bid-YTW : 6.00 %
BAM.PR.N Perpetual-Discount 1.68 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-10-31
Maturity Price : 20.03
Evaluated at bid price : 20.03
Bid-YTW : 6.01 %
SLF.PR.A Deemed-Retractible 1.71 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 20.85
Bid-YTW : 8.34 %
CU.PR.D Perpetual-Discount 1.71 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-10-31
Maturity Price : 22.00
Evaluated at bid price : 22.00
Bid-YTW : 5.67 %
BAM.PR.K Floater 1.72 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-10-31
Maturity Price : 17.19
Evaluated at bid price : 17.19
Bid-YTW : 4.06 %
SLF.PR.B Deemed-Retractible 1.73 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 21.21
Bid-YTW : 8.07 %
POW.PR.D Perpetual-Discount 1.79 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-10-31
Maturity Price : 21.32
Evaluated at bid price : 21.59
Bid-YTW : 5.83 %
IAG.PR.G FixedReset Ins Non 1.80 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 22.65
Bid-YTW : 6.28 %
CM.PR.O FixedReset Disc 1.80 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-10-31
Maturity Price : 22.00
Evaluated at bid price : 22.59
Bid-YTW : 5.13 %
BMO.PR.Y FixedReset Disc 1.85 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-10-31
Maturity Price : 23.44
Evaluated at bid price : 23.80
Bid-YTW : 5.18 %
GWO.PR.R Deemed-Retractible 1.86 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 21.40
Bid-YTW : 7.89 %
POW.PR.B Perpetual-Discount 1.89 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-10-31
Maturity Price : 22.97
Evaluated at bid price : 23.24
Bid-YTW : 5.80 %
TRP.PR.G FixedReset Disc 1.91 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-10-31
Maturity Price : 22.68
Evaluated at bid price : 23.00
Bid-YTW : 5.65 %
GWO.PR.S Deemed-Retractible 1.91 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 23.50
Bid-YTW : 6.57 %
BAM.PF.C Perpetual-Discount 1.93 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-10-31
Maturity Price : 20.60
Evaluated at bid price : 20.60
Bid-YTW : 5.97 %
MFC.PR.H FixedReset Ins Non 1.93 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 24.28
Bid-YTW : 6.20 %
BAM.PR.R FixedReset Disc 1.93 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-10-31
Maturity Price : 20.02
Evaluated at bid price : 20.02
Bid-YTW : 5.56 %
BMO.PR.T FixedReset Disc 1.95 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-10-31
Maturity Price : 21.91
Evaluated at bid price : 22.44
Bid-YTW : 5.07 %
CU.PR.H Perpetual-Discount 2.00 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-10-31
Maturity Price : 23.09
Evaluated at bid price : 23.46
Bid-YTW : 5.68 %
CU.PR.F Perpetual-Discount 2.03 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-10-31
Maturity Price : 20.15
Evaluated at bid price : 20.15
Bid-YTW : 5.69 %
VNR.PR.A FixedReset Disc 2.03 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-10-31
Maturity Price : 22.90
Evaluated at bid price : 24.10
Bid-YTW : 5.21 %
TD.PF.J FixedReset Prem 2.10 % YTW SCENARIO
Maturity Type : Call
Maturity Date : 2023-04-30
Maturity Price : 25.00
Evaluated at bid price : 25.25
Bid-YTW : 4.47 %
BMO.PR.W FixedReset Disc 2.11 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-10-31
Maturity Price : 21.88
Evaluated at bid price : 22.40
Bid-YTW : 5.04 %
TD.PF.C FixedReset Disc 2.12 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-10-31
Maturity Price : 22.03
Evaluated at bid price : 22.65
Bid-YTW : 5.02 %
CU.PR.G Perpetual-Discount 2.19 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-10-31
Maturity Price : 20.05
Evaluated at bid price : 20.05
Bid-YTW : 5.72 %
TD.PF.B FixedReset Disc 2.20 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-10-31
Maturity Price : 22.10
Evaluated at bid price : 22.75
Bid-YTW : 5.05 %
SLF.PR.C Deemed-Retractible 2.26 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 19.95
Bid-YTW : 8.85 %
IAG.PR.I FixedReset Ins Non 2.27 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 23.83
Bid-YTW : 5.90 %
SLF.PR.H FixedReset Ins Non 2.28 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 20.60
Bid-YTW : 7.34 %
PWF.PR.A Floater 2.34 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-10-31
Maturity Price : 21.00
Evaluated at bid price : 21.00
Bid-YTW : 3.28 %
NA.PR.G FixedReset Prem 2.35 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-10-31
Maturity Price : 23.11
Evaluated at bid price : 24.85
Bid-YTW : 5.03 %
SLF.PR.I FixedReset Ins Non 2.39 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 23.55
Bid-YTW : 5.57 %
IFC.PR.C FixedReset Ins Non 2.49 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 22.65
Bid-YTW : 6.12 %
IGM.PR.B Perpetual-Premium 2.54 % YTW SCENARIO
Maturity Type : Call
Maturity Date : 2018-12-31
Maturity Price : 25.00
Evaluated at bid price : 25.00
Bid-YTW : 5.86 %
BAM.PF.F FixedReset Disc 2.55 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-10-31
Maturity Price : 23.11
Evaluated at bid price : 23.70
Bid-YTW : 5.50 %
RY.PR.H FixedReset Disc 2.60 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-10-31
Maturity Price : 22.19
Evaluated at bid price : 22.90
Bid-YTW : 4.98 %
NA.PR.S FixedReset Disc 2.66 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-10-31
Maturity Price : 21.88
Evaluated at bid price : 22.38
Bid-YTW : 5.29 %
BAM.PF.E FixedReset Disc 2.68 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-10-31
Maturity Price : 22.57
Evaluated at bid price : 23.00
Bid-YTW : 5.32 %
RY.PR.Z FixedReset Disc 2.70 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-10-31
Maturity Price : 22.14
Evaluated at bid price : 22.80
Bid-YTW : 4.97 %
HSE.PR.E FixedReset Prem 2.72 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-10-31
Maturity Price : 23.79
Evaluated at bid price : 24.20
Bid-YTW : 6.03 %
BAM.PR.X FixedReset Disc 2.75 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-10-31
Maturity Price : 17.59
Evaluated at bid price : 17.59
Bid-YTW : 5.54 %
BMO.PR.S FixedReset Disc 2.77 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-10-31
Maturity Price : 22.12
Evaluated at bid price : 22.77
Bid-YTW : 5.10 %
MFC.PR.M FixedReset Ins Non 2.78 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 22.15
Bid-YTW : 6.98 %
RY.PR.M FixedReset Disc 2.81 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-10-31
Maturity Price : 23.43
Evaluated at bid price : 23.75
Bid-YTW : 5.07 %
MFC.PR.G FixedReset Ins Non 2.87 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 23.65
Bid-YTW : 5.70 %
CM.PR.P FixedReset Disc 2.90 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-10-31
Maturity Price : 21.84
Evaluated at bid price : 22.35
Bid-YTW : 5.07 %
BIP.PR.F FixedReset Prem 2.94 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-10-31
Maturity Price : 22.97
Evaluated at bid price : 24.50
Bid-YTW : 5.33 %
MFC.PR.N FixedReset Ins Non 2.95 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 21.95
Bid-YTW : 7.03 %
TD.PF.E FixedReset Disc 2.97 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-10-31
Maturity Price : 23.30
Evaluated at bid price : 24.30
Bid-YTW : 5.18 %
HSE.PR.G FixedReset Prem 2.98 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-10-31
Maturity Price : 23.84
Evaluated at bid price : 24.20
Bid-YTW : 6.00 %
BAM.PR.Z FixedReset Disc 3.14 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-10-31
Maturity Price : 22.68
Evaluated at bid price : 23.65
Bid-YTW : 5.46 %
BAM.PF.B FixedReset Disc 3.20 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-10-31
Maturity Price : 22.20
Evaluated at bid price : 22.90
Bid-YTW : 5.44 %
IFC.PR.E Deemed-Retractible 3.30 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 23.50
Bid-YTW : 6.51 %
TRP.PR.F FloatingReset 3.35 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-10-31
Maturity Price : 19.46
Evaluated at bid price : 19.46
Bid-YTW : 4.72 %
TD.PF.D FixedReset Disc 3.60 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-10-31
Maturity Price : 23.86
Evaluated at bid price : 24.20
Bid-YTW : 5.18 %
MFC.PR.Q FixedReset Ins Non 3.62 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 23.75
Bid-YTW : 5.86 %
IFC.PR.A FixedReset Ins Non 3.78 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 20.05
Bid-YTW : 7.73 %
SLF.PR.J FloatingReset 3.79 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 18.91
Bid-YTW : 8.25 %
CU.PR.C FixedReset Disc 4.06 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-10-31
Maturity Price : 21.27
Evaluated at bid price : 21.55
Bid-YTW : 5.26 %
HSE.PR.A FixedReset Disc 4.31 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-10-31
Maturity Price : 16.69
Evaluated at bid price : 16.69
Bid-YTW : 5.79 %
TRP.PR.A FixedReset Disc 4.55 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-10-31
Maturity Price : 19.30
Evaluated at bid price : 19.30
Bid-YTW : 5.50 %
TRP.PR.C FixedReset Disc 4.66 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-10-31
Maturity Price : 16.85
Evaluated at bid price : 16.85
Bid-YTW : 5.51 %
TRP.PR.E FixedReset Disc 5.08 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-10-31
Maturity Price : 21.39
Evaluated at bid price : 21.70
Bid-YTW : 5.41 %
TRP.PR.B FixedReset Disc 5.47 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-10-31
Maturity Price : 16.20
Evaluated at bid price : 16.20
Bid-YTW : 5.46 %
IFC.PR.G FixedReset Ins Non 6.01 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 24.15
Bid-YTW : 5.67 %
Volume Highlights
Issue Index Shares
Traded
Notes
RY.PR.I FixedReset Bank Non 167,372 YTW SCENARIO
Maturity Type : Call
Maturity Date : 2019-02-24
Maturity Price : 25.00
Evaluated at bid price : 24.99
Bid-YTW : 2.93 %
CM.PR.Q FixedReset Disc 124,100 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-10-31
Maturity Price : 23.02
Evaluated at bid price : 23.40
Bid-YTW : 5.33 %
TD.PF.C FixedReset Disc 117,175 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-10-31
Maturity Price : 22.03
Evaluated at bid price : 22.65
Bid-YTW : 5.02 %
BAM.PF.I FixedReset Prem 81,118 YTW SCENARIO
Maturity Type : Call
Maturity Date : 2022-03-31
Maturity Price : 25.00
Evaluated at bid price : 25.50
Bid-YTW : 4.32 %
SLF.PR.I FixedReset Ins Non 64,700 YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 23.55
Bid-YTW : 5.57 %
TD.PF.H FixedReset Prem 59,764 YTW SCENARIO
Maturity Type : Call
Maturity Date : 2021-10-31
Maturity Price : 25.00
Evaluated at bid price : 25.63
Bid-YTW : 3.97 %
There were 66 other index-included issues trading in excess of 10,000 shares.
Wide Spread Highlights
Issue Index Quote Data and Yield Notes
PWF.PR.Q FloatingReset Quote: 21.02 – 25.00
Spot Rate : 3.9800
Average : 2.1929

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-10-31
Maturity Price : 21.02
Evaluated at bid price : 21.02
Bid-YTW : 3.95 %

TRP.PR.D FixedReset Disc Quote: 20.69 – 22.80
Spot Rate : 2.1100
Average : 1.2929

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-10-31
Maturity Price : 20.69
Evaluated at bid price : 20.69
Bid-YTW : 5.75 %

MFC.PR.M FixedReset Ins Non Quote: 22.15 – 23.77
Spot Rate : 1.6200
Average : 0.9540

YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 22.15
Bid-YTW : 6.98 %

BAM.PF.F FixedReset Disc Quote: 23.70 – 25.15
Spot Rate : 1.4500
Average : 1.0037

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-10-31
Maturity Price : 23.11
Evaluated at bid price : 23.70
Bid-YTW : 5.50 %

GWO.PR.G Deemed-Retractible Quote: 22.75 – 23.99
Spot Rate : 1.2400
Average : 0.8042

YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 22.75
Bid-YTW : 7.14 %

BAM.PR.R FixedReset Disc Quote: 20.02 – 21.28
Spot Rate : 1.2600
Average : 0.8755

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-10-31
Maturity Price : 20.02
Evaluated at bid price : 20.02
Bid-YTW : 5.56 %

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