Click for Big
The Five-Year Canada closed yielding 1.94% today, which probably didn’t help the market much.
And tomorrow we’ll see what the Fed says, which could make the afternoon interesting!
| HIMIPref™ Preferred Indices These values reflect the December 2008 revision of the HIMIPref™ Indices Values are provisional and are finalized monthly |
|||||||
| Index | Mean Current Yield (at bid) |
Median YTW |
Median Average Trading Value |
Median Mod Dur (YTW) |
Issues | Day’s Perf. | Index Value |
| Ratchet | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -2.0290 % | 2,288.0 |
| FixedFloater | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -2.0290 % | 4,198.4 |
| Floater | 5.11 % | 5.45 % | 44,102 | 14.76 | 4 | -2.0290 % | 2,419.6 |
| OpRet | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.0294 % | 3,134.7 |
| SplitShare | 4.70 % | 5.68 % | 97,222 | 4.59 | 7 | -0.0294 % | 3,743.5 |
| Interest-Bearing | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.0294 % | 2,920.8 |
| Perpetual-Premium | 5.60 % | 6.04 % | 136,560 | 13.76 | 2 | -0.0994 % | 2,857.1 |
| Perpetual-Discount | 5.81 % | 6.03 % | 71,965 | 13.80 | 33 | -0.6968 % | 2,845.0 |
| FixedReset Disc | 5.20 % | 5.79 % | 211,442 | 14.16 | 66 | -1.2282 % | 2,159.7 |
| Deemed-Retractible | 5.57 % | 7.79 % | 97,136 | 5.12 | 27 | -0.2034 % | 2,840.3 |
| FloatingReset | 4.18 % | 4.74 % | 41,944 | 2.96 | 7 | -0.7958 % | 2,409.3 |
| FixedReset Prem | 5.16 % | 4.32 % | 291,267 | 2.28 | 14 | 0.1367 % | 2,512.1 |
| FixedReset Bank Non | 2.99 % | 4.37 % | 135,829 | 2.91 | 6 | 0.0069 % | 2,558.3 |
| FixedReset Ins Non | 5.09 % | 8.57 % | 148,692 | 5.18 | 22 | -0.5638 % | 2,202.5 |
| Performance Highlights | |||
| Issue | Index | Change | Notes |
| HSE.PR.C | FixedReset Disc | -5.54 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-12-18 Maturity Price : 17.06 Evaluated at bid price : 17.06 Bid-YTW : 7.55 % |
| BAM.PR.Z | FixedReset Disc | -4.71 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-12-18 Maturity Price : 20.25 Evaluated at bid price : 20.25 Bid-YTW : 6.11 % |
| SLF.PR.G | FixedReset Ins Non | -4.29 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-01-31 Maturity Price : 25.00 Evaluated at bid price : 14.50 Bid-YTW : 13.42 % |
| MFC.PR.F | FixedReset Ins Non | -4.16 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-01-31 Maturity Price : 25.00 Evaluated at bid price : 14.04 Bid-YTW : 13.70 % |
| CM.PR.O | FixedReset Disc | -3.94 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-12-18 Maturity Price : 18.55 Evaluated at bid price : 18.55 Bid-YTW : 5.94 % |
| TRP.PR.B | FixedReset Disc | -3.91 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-12-18 Maturity Price : 12.55 Evaluated at bid price : 12.55 Bid-YTW : 6.43 % |
| BMO.PR.S | FixedReset Disc | -3.84 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-12-18 Maturity Price : 19.05 Evaluated at bid price : 19.05 Bid-YTW : 5.79 % |
| GWO.PR.Q | Deemed-Retractible | -3.36 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-01-31 Maturity Price : 25.00 Evaluated at bid price : 21.00 Bid-YTW : 8.58 % |
| BMO.PR.D | FixedReset Disc | -3.35 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-12-18 Maturity Price : 22.03 Evaluated at bid price : 22.47 Bid-YTW : 5.64 % |
| BMO.PR.T | FixedReset Disc | -3.27 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-12-18 Maturity Price : 18.62 Evaluated at bid price : 18.62 Bid-YTW : 5.79 % |
| BAM.PF.A | FixedReset Disc | -3.26 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-12-18 Maturity Price : 20.80 Evaluated at bid price : 20.80 Bid-YTW : 6.01 % |
| BAM.PR.B | Floater | -3.15 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-12-18 Maturity Price : 12.59 Evaluated at bid price : 12.59 Bid-YTW : 5.50 % |
| EMA.PR.H | FixedReset Disc | -3.12 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-12-18 Maturity Price : 22.60 Evaluated at bid price : 23.58 Bid-YTW : 5.20 % |
| BAM.PR.N | Perpetual-Discount | -3.05 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-12-18 Maturity Price : 18.76 Evaluated at bid price : 18.76 Bid-YTW : 6.36 % |
| BAM.PF.E | FixedReset Disc | -3.03 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-12-18 Maturity Price : 17.95 Evaluated at bid price : 17.95 Bid-YTW : 6.41 % |
| HSE.PR.G | FixedReset Disc | -2.93 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-12-18 Maturity Price : 18.90 Evaluated at bid price : 18.90 Bid-YTW : 7.27 % |
| W.PR.H | Perpetual-Discount | -2.82 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-12-18 Maturity Price : 22.81 Evaluated at bid price : 23.09 Bid-YTW : 6.06 % |
| NA.PR.S | FixedReset Disc | -2.79 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-12-18 Maturity Price : 18.45 Evaluated at bid price : 18.45 Bid-YTW : 6.09 % |
| CU.PR.C | FixedReset Disc | -2.76 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-12-18 Maturity Price : 17.61 Evaluated at bid price : 17.61 Bid-YTW : 6.06 % |
| PWF.PR.A | Floater | -2.65 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-12-18 Maturity Price : 16.54 Evaluated at bid price : 16.54 Bid-YTW : 4.22 % |
| PWF.PR.Q | FloatingReset | -2.44 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-12-18 Maturity Price : 15.17 Evaluated at bid price : 15.17 Bid-YTW : 5.41 % |
| BAM.PR.X | FixedReset Disc | -2.41 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-12-18 Maturity Price : 14.96 Evaluated at bid price : 14.96 Bid-YTW : 6.05 % |
| TD.PF.B | FixedReset Disc | -2.37 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-12-18 Maturity Price : 18.95 Evaluated at bid price : 18.95 Bid-YTW : 5.75 % |
| CU.PR.G | Perpetual-Discount | -2.35 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-12-18 Maturity Price : 19.50 Evaluated at bid price : 19.50 Bid-YTW : 5.83 % |
| SLF.PR.H | FixedReset Ins Non | -2.25 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-01-31 Maturity Price : 25.00 Evaluated at bid price : 18.24 Bid-YTW : 9.48 % |
| NA.PR.G | FixedReset Disc | -2.17 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-12-18 Maturity Price : 21.14 Evaluated at bid price : 21.14 Bid-YTW : 5.81 % |
| BAM.PF.F | FixedReset Disc | -2.17 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-12-18 Maturity Price : 19.84 Evaluated at bid price : 19.84 Bid-YTW : 6.19 % |
| TRP.PR.F | FloatingReset | -2.15 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-12-18 Maturity Price : 15.50 Evaluated at bid price : 15.50 Bid-YTW : 5.75 % |
| SLF.PR.J | FloatingReset | -2.14 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-01-31 Maturity Price : 25.00 Evaluated at bid price : 14.60 Bid-YTW : 13.15 % |
| BAM.PF.C | Perpetual-Discount | -2.09 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-12-18 Maturity Price : 19.17 Evaluated at bid price : 19.17 Bid-YTW : 6.36 % |
| PWF.PR.O | Perpetual-Discount | -2.07 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-12-18 Maturity Price : 23.84 Evaluated at bid price : 24.09 Bid-YTW : 6.11 % |
| BIP.PR.A | FixedReset Disc | -2.01 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-12-18 Maturity Price : 19.50 Evaluated at bid price : 19.50 Bid-YTW : 7.09 % |
| HSE.PR.E | FixedReset Disc | -1.95 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-12-18 Maturity Price : 19.15 Evaluated at bid price : 19.15 Bid-YTW : 7.23 % |
| NA.PR.C | FixedReset Disc | -1.95 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-12-18 Maturity Price : 21.36 Evaluated at bid price : 21.67 Bid-YTW : 6.09 % |
| BAM.PF.G | FixedReset Disc | -1.90 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-12-18 Maturity Price : 19.60 Evaluated at bid price : 19.60 Bid-YTW : 6.21 % |
| TRP.PR.C | FixedReset Disc | -1.88 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-12-18 Maturity Price : 13.58 Evaluated at bid price : 13.58 Bid-YTW : 6.36 % |
| RY.PR.H | FixedReset Disc | -1.88 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-12-18 Maturity Price : 19.35 Evaluated at bid price : 19.35 Bid-YTW : 5.60 % |
| TD.PF.A | FixedReset Disc | -1.82 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-12-18 Maturity Price : 18.85 Evaluated at bid price : 18.85 Bid-YTW : 5.74 % |
| HSE.PR.A | FixedReset Disc | -1.75 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-12-18 Maturity Price : 12.34 Evaluated at bid price : 12.34 Bid-YTW : 7.26 % |
| CM.PR.P | FixedReset Disc | -1.70 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-12-18 Maturity Price : 18.50 Evaluated at bid price : 18.50 Bid-YTW : 5.82 % |
| BAM.PR.K | Floater | -1.69 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-12-18 Maturity Price : 12.25 Evaluated at bid price : 12.25 Bid-YTW : 5.65 % |
| TRP.PR.A | FixedReset Disc | -1.68 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-12-18 Maturity Price : 15.20 Evaluated at bid price : 15.20 Bid-YTW : 6.48 % |
| BIP.PR.F | FixedReset Disc | -1.60 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-12-18 Maturity Price : 21.50 Evaluated at bid price : 21.50 Bid-YTW : 5.96 % |
| MFC.PR.N | FixedReset Ins Non | -1.51 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-01-31 Maturity Price : 25.00 Evaluated at bid price : 18.23 Bid-YTW : 10.36 % |
| PWF.PR.L | Perpetual-Discount | -1.51 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-12-18 Maturity Price : 21.50 Evaluated at bid price : 21.50 Bid-YTW : 6.03 % |
| PWF.PR.P | FixedReset Disc | -1.48 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-12-18 Maturity Price : 14.68 Evaluated at bid price : 14.68 Bid-YTW : 5.99 % |
| PWF.PR.R | Perpetual-Discount | -1.37 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-12-18 Maturity Price : 22.81 Evaluated at bid price : 23.07 Bid-YTW : 6.05 % |
| GWO.PR.G | Deemed-Retractible | -1.36 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-01-31 Maturity Price : 25.00 Evaluated at bid price : 21.70 Bid-YTW : 7.98 % |
| BAM.PR.T | FixedReset Disc | -1.34 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-12-18 Maturity Price : 16.18 Evaluated at bid price : 16.18 Bid-YTW : 6.48 % |
| TRP.PR.E | FixedReset Disc | -1.33 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-12-18 Maturity Price : 17.75 Evaluated at bid price : 17.75 Bid-YTW : 6.28 % |
| BNS.PR.I | FixedReset Disc | -1.31 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-12-18 Maturity Price : 22.01 Evaluated at bid price : 22.56 Bid-YTW : 5.15 % |
| BMO.PR.W | FixedReset Disc | -1.30 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-12-18 Maturity Price : 19.00 Evaluated at bid price : 19.00 Bid-YTW : 5.64 % |
| PWF.PR.E | Perpetual-Discount | -1.28 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-12-18 Maturity Price : 22.77 Evaluated at bid price : 23.05 Bid-YTW : 6.05 % |
| BAM.PF.D | Perpetual-Discount | -1.26 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-12-18 Maturity Price : 19.52 Evaluated at bid price : 19.52 Bid-YTW : 6.31 % |
| MFC.PR.I | FixedReset Ins Non | -1.26 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-01-31 Maturity Price : 25.00 Evaluated at bid price : 20.36 Bid-YTW : 8.55 % |
| BMO.PR.E | FixedReset Disc | -1.22 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-12-18 Maturity Price : 22.04 Evaluated at bid price : 22.60 Bid-YTW : 5.35 % |
| MFC.PR.M | FixedReset Ins Non | -1.22 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-01-31 Maturity Price : 25.00 Evaluated at bid price : 18.61 Bid-YTW : 10.06 % |
| TD.PF.C | FixedReset Disc | -1.15 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-12-18 Maturity Price : 18.88 Evaluated at bid price : 18.88 Bid-YTW : 5.72 % |
| NA.PR.W | FixedReset Disc | -1.12 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-12-18 Maturity Price : 17.65 Evaluated at bid price : 17.65 Bid-YTW : 6.12 % |
| GWO.PR.L | Deemed-Retractible | -1.05 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-01-31 Maturity Price : 25.00 Evaluated at bid price : 23.50 Bid-YTW : 6.87 % |
| BAM.PR.M | Perpetual-Discount | -1.03 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-12-18 Maturity Price : 19.13 Evaluated at bid price : 19.13 Bid-YTW : 6.24 % |
| EIT.PR.A | SplitShare | 1.04 % | YTW SCENARIO Maturity Type : Soft Maturity Maturity Date : 2024-03-14 Maturity Price : 25.00 Evaluated at bid price : 24.35 Bid-YTW : 5.42 % |
| PWF.PR.K | Perpetual-Discount | 1.16 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-12-18 Maturity Price : 21.00 Evaluated at bid price : 21.00 Bid-YTW : 5.99 % |
| MFC.PR.Q | FixedReset Ins Non | 1.19 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-01-31 Maturity Price : 25.00 Evaluated at bid price : 20.49 Bid-YTW : 8.57 % |
| BAM.PR.R | FixedReset Disc | 1.23 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-12-18 Maturity Price : 16.40 Evaluated at bid price : 16.40 Bid-YTW : 6.33 % |
| TRP.PR.D | FixedReset Disc | 1.24 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-12-18 Maturity Price : 18.02 Evaluated at bid price : 18.02 Bid-YTW : 6.23 % |
| IAG.PR.A | Deemed-Retractible | 1.31 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-01-31 Maturity Price : 25.00 Evaluated at bid price : 20.87 Bid-YTW : 8.09 % |
| EML.PR.A | FixedReset Ins Non | 1.32 % | YTW SCENARIO Maturity Type : Call Maturity Date : 2021-04-17 Maturity Price : 25.00 Evaluated at bid price : 25.33 Bid-YTW : 4.96 % |
| EMA.PR.F | FixedReset Disc | 1.47 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-12-18 Maturity Price : 18.65 Evaluated at bid price : 18.65 Bid-YTW : 6.30 % |
| BIP.PR.D | FixedReset Disc | 1.51 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-12-18 Maturity Price : 22.31 Evaluated at bid price : 22.84 Bid-YTW : 6.19 % |
| RY.PR.S | FixedReset Disc | 1.76 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-12-18 Maturity Price : 21.58 Evaluated at bid price : 21.93 Bid-YTW : 5.22 % |
| Volume Highlights | |||
| Issue | Index | Shares Traded |
Notes |
| RY.PR.S | FixedReset Disc | 213,606 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-12-18 Maturity Price : 21.58 Evaluated at bid price : 21.93 Bid-YTW : 5.22 % |
| SLF.PR.C | Deemed-Retractible | 162,729 | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-01-31 Maturity Price : 25.00 Evaluated at bid price : 19.26 Bid-YTW : 9.50 % |
| RY.PR.Z | FixedReset Disc | 121,794 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-12-18 Maturity Price : 19.55 Evaluated at bid price : 19.55 Bid-YTW : 5.49 % |
| TD.PF.B | FixedReset Disc | 110,688 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-12-18 Maturity Price : 18.95 Evaluated at bid price : 18.95 Bid-YTW : 5.75 % |
| SLF.PR.J | FloatingReset | 85,031 | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-01-31 Maturity Price : 25.00 Evaluated at bid price : 14.60 Bid-YTW : 13.15 % |
| TD.PF.C | FixedReset Disc | 60,921 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-12-18 Maturity Price : 18.88 Evaluated at bid price : 18.88 Bid-YTW : 5.72 % |
| There were 89 other index-included issues trading in excess of 10,000 shares. | |||
| Wide Spread Highlights | ||
| Issue | Index | Quote Data and Yield Notes |
| TRP.PR.C | FixedReset Disc | Quote: 13.58 – 16.45 Spot Rate : 2.8700 Average : 1.6470 YTW SCENARIO |
| VNR.PR.A | FixedReset Disc | Quote: 21.46 – 23.63 Spot Rate : 2.1700 Average : 1.2267 YTW SCENARIO |
| BAM.PF.F | FixedReset Disc | Quote: 19.84 – 22.00 Spot Rate : 2.1600 Average : 1.2681 YTW SCENARIO |
| BAM.PF.B | FixedReset Disc | Quote: 18.75 – 20.58 Spot Rate : 1.8300 Average : 1.2910 YTW SCENARIO |
| W.PR.H | Perpetual-Discount | Quote: 23.09 – 24.20 Spot Rate : 1.1100 Average : 0.6628 YTW SCENARIO |
| BMO.PR.D | FixedReset Disc | Quote: 22.47 – 23.20 Spot Rate : 0.7300 Average : 0.4259 YTW SCENARIO |
Soon, you will run out of explosion pictures.