Click for Big
TXPR closed at 622.78, down 0.51% on the day. Volume of 3.13-million was second only to January 18 in the past thirty days. I note that yesterday the TXPR Total Return index turned negative for the month-to-date … well, it’s more negative now!
CPD closed at 12.52, down 0.08% on the day. Volume of 124,907 was mid-range in the context of the past thirty days.
ZPR closed at 10.16, down 0.20% on the day. Volume of 166,964 was mid-range in the context of the past thirty days.
| HIMIPref™ Preferred Indices These values reflect the December 2008 revision of the HIMIPref™ Indices Values are provisional and are finalized monthly |
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| Index | Mean Current Yield (at bid) |
Median YTW |
Median Average Trading Value |
Median Mod Dur (YTW) |
Issues | Day’s Perf. | Index Value |
| Ratchet | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.3990 % | 2,310.5 |
| FixedFloater | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.3990 % | 4,239.6 |
| Floater | 5.08 % | 5.40 % | 35,647 | 14.82 | 4 | -0.3990 % | 2,443.3 |
| OpRet | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.0804 % | 3,200.8 |
| SplitShare | 4.94 % | 4.68 % | 72,088 | 4.00 | 8 | -0.0804 % | 3,822.4 |
| Interest-Bearing | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.0804 % | 2,982.4 |
| Perpetual-Premium | 5.92 % | -2.87 % | 152,740 | 0.08 | 2 | 0.1195 % | 2,881.1 |
| Perpetual-Discount | 5.64 % | 5.76 % | 85,635 | 14.25 | 33 | -0.0053 % | 2,946.8 |
| FixedReset Disc | 5.16 % | 5.67 % | 225,161 | 14.49 | 64 | -1.0828 % | 2,191.9 |
| Deemed-Retractible | 5.41 % | 6.41 % | 88,401 | 8.16 | 27 | -0.1029 % | 2,932.3 |
| FloatingReset | 4.13 % | 4.50 % | 50,966 | 2.88 | 7 | -0.0379 % | 2,434.3 |
| FixedReset Prem | 5.16 % | 4.67 % | 257,744 | 2.19 | 17 | -0.1438 % | 2,510.4 |
| FixedReset Bank Non | 2.99 % | 3.86 % | 152,613 | 2.84 | 6 | 0.1315 % | 2,573.3 |
| FixedReset Ins Non | 5.13 % | 7.16 % | 135,773 | 8.21 | 22 | -0.7756 % | 2,169.1 |
| Performance Highlights | |||
| Issue | Index | Change | Notes |
| TD.PF.D | FixedReset Disc | -13.03 % | A nonsensical quote provided at high cost by Nonsense Central, as the issue traded 63,100 shares today in a range of 21.67-93 before being quoted at 19.03-21.70. The closing price was 21.69.
I have not checked whether the lamentable state of the quote is due to inadequate Toronto Stock Exchange reporting or inadequate Toronto Stock Exchange supervision of market-makers. YTW SCENARIO |
| MFC.PR.K | FixedReset Ins Non | -8.31 % | A nonsensical quote provided at high cost by Nonsense Central, as the issue traded 6,955 shares today in a range of 18.96-48 before being quoted at 17.10-19.26. The closing price was 18.96.
I have not checked whether the lamentable state of the quote is due to inadequate Toronto Stock Exchange reporting or inadequate Toronto Stock Exchange supervision of market-makers. YTW SCENARIO |
| TD.PF.E | FixedReset Disc | -6.19 % | A nonsensical quote provided at high cost by Nonsense Central, as the issue traded 1,920 shares today in a range of 21.90-13 before being quoted at 20.76-22.01. The closing price was 21.95.
I have not checked whether the lamentable state of the quote is due to inadequate Toronto Stock Exchange reporting or inadequate Toronto Stock Exchange supervision of market-makers. YTW SCENARIO |
| TD.PF.J | FixedReset Disc | -4.74 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-01-24 Maturity Price : 21.10 Evaluated at bid price : 21.10 Bid-YTW : 5.56 % |
| RY.PR.H | FixedReset Disc | -4.09 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-01-24 Maturity Price : 18.75 Evaluated at bid price : 18.75 Bid-YTW : 5.63 % |
| BAM.PR.Z | FixedReset Disc | -3.95 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-01-24 Maturity Price : 20.65 Evaluated at bid price : 20.65 Bid-YTW : 5.96 % |
| MFC.PR.I | FixedReset Ins Non | -3.24 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2030-01-31 Maturity Price : 25.00 Evaluated at bid price : 19.70 Bid-YTW : 7.61 % |
| BAM.PF.F | FixedReset Disc | -3.19 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-01-24 Maturity Price : 19.41 Evaluated at bid price : 19.41 Bid-YTW : 6.27 % |
| BIP.PR.A | FixedReset Disc | -2.92 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-01-24 Maturity Price : 20.25 Evaluated at bid price : 20.25 Bid-YTW : 6.79 % |
| NA.PR.G | FixedReset Disc | -2.70 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-01-24 Maturity Price : 21.32 Evaluated at bid price : 21.60 Bid-YTW : 5.54 % |
| RY.PR.M | FixedReset Disc | -2.66 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-01-24 Maturity Price : 20.87 Evaluated at bid price : 20.87 Bid-YTW : 5.38 % |
| BAM.PF.E | FixedReset Disc | -2.49 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-01-24 Maturity Price : 19.20 Evaluated at bid price : 19.20 Bid-YTW : 5.93 % |
| BAM.PR.K | Floater | -2.43 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-01-24 Maturity Price : 12.85 Evaluated at bid price : 12.85 Bid-YTW : 5.44 % |
| BAM.PR.T | FixedReset Disc | -2.35 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-01-24 Maturity Price : 17.02 Evaluated at bid price : 17.02 Bid-YTW : 6.12 % |
| BAM.PF.A | FixedReset Disc | -2.22 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-01-24 Maturity Price : 21.33 Evaluated at bid price : 21.61 Bid-YTW : 5.74 % |
| GWO.PR.R | Deemed-Retractible | -2.08 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2030-01-31 Maturity Price : 25.00 Evaluated at bid price : 21.64 Bid-YTW : 6.62 % |
| TD.PF.K | FixedReset Disc | -2.06 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-01-24 Maturity Price : 21.40 Evaluated at bid price : 21.40 Bid-YTW : 5.41 % |
| BAM.PR.X | FixedReset Disc | -2.02 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-01-24 Maturity Price : 15.07 Evaluated at bid price : 15.07 Bid-YTW : 5.95 % |
| BNS.PR.I | FixedReset Disc | -1.98 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-01-24 Maturity Price : 22.12 Evaluated at bid price : 22.74 Bid-YTW : 4.96 % |
| BMO.PR.E | FixedReset Disc | -1.91 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-01-24 Maturity Price : 22.03 Evaluated at bid price : 22.58 Bid-YTW : 5.33 % |
| BAM.PF.B | FixedReset Disc | -1.75 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-01-24 Maturity Price : 19.60 Evaluated at bid price : 19.60 Bid-YTW : 5.93 % |
| TD.PF.I | FixedReset Disc | -1.44 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-01-24 Maturity Price : 22.15 Evaluated at bid price : 22.65 Bid-YTW : 5.37 % |
| IFC.PR.C | FixedReset Ins Non | -1.43 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2030-01-31 Maturity Price : 25.00 Evaluated at bid price : 18.60 Bid-YTW : 7.81 % |
| PWF.PR.S | Perpetual-Discount | -1.41 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-01-24 Maturity Price : 20.95 Evaluated at bid price : 20.95 Bid-YTW : 5.76 % |
| VNR.PR.A | FixedReset Disc | -1.35 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-01-24 Maturity Price : 21.59 Evaluated at bid price : 21.85 Bid-YTW : 5.45 % |
| CM.PR.R | FixedReset Disc | -1.34 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-01-24 Maturity Price : 22.26 Evaluated at bid price : 22.80 Bid-YTW : 5.63 % |
| BAM.PR.R | FixedReset Disc | -1.33 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-01-24 Maturity Price : 17.02 Evaluated at bid price : 17.02 Bid-YTW : 6.05 % |
| MFC.PR.M | FixedReset Ins Non | -1.33 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2030-01-31 Maturity Price : 25.00 Evaluated at bid price : 18.55 Bid-YTW : 7.93 % |
| NA.PR.S | FixedReset Disc | -1.26 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-01-24 Maturity Price : 18.76 Evaluated at bid price : 18.76 Bid-YTW : 5.83 % |
| MFC.PR.G | FixedReset Ins Non | -1.22 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2030-01-31 Maturity Price : 25.00 Evaluated at bid price : 20.25 Bid-YTW : 7.16 % |
| GRP.PR.A | SplitShare | -1.18 % | YTW SCENARIO Maturity Type : Call Maturity Date : 2019-02-23 Maturity Price : 25.00 Evaluated at bid price : 25.11 Bid-YTW : 2.77 % |
| MFC.PR.N | FixedReset Ins Non | -1.15 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2030-01-31 Maturity Price : 25.00 Evaluated at bid price : 18.05 Bid-YTW : 8.17 % |
| EMA.PR.F | FixedReset Disc | -1.04 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-01-24 Maturity Price : 20.05 Evaluated at bid price : 20.05 Bid-YTW : 5.81 % |
| CM.PR.S | FixedReset Disc | -1.02 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-01-24 Maturity Price : 20.35 Evaluated at bid price : 20.35 Bid-YTW : 5.48 % |
| SLF.PR.H | FixedReset Ins Non | -1.02 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2030-01-31 Maturity Price : 25.00 Evaluated at bid price : 17.51 Bid-YTW : 7.93 % |
| BAM.PR.M | Perpetual-Discount | 1.00 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-01-24 Maturity Price : 20.20 Evaluated at bid price : 20.20 Bid-YTW : 5.95 % |
| PWF.PR.T | FixedReset Disc | 1.05 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-01-24 Maturity Price : 19.20 Evaluated at bid price : 19.20 Bid-YTW : 5.67 % |
| BMO.PR.Y | FixedReset Disc | 1.17 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-01-24 Maturity Price : 21.35 Evaluated at bid price : 21.65 Bid-YTW : 5.37 % |
| BAM.PR.B | Floater | 1.25 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-01-24 Maturity Price : 12.93 Evaluated at bid price : 12.93 Bid-YTW : 5.40 % |
| CCS.PR.C | Deemed-Retractible | 1.35 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2030-01-31 Maturity Price : 25.00 Evaluated at bid price : 22.56 Bid-YTW : 6.32 % |
| MFC.PR.R | FixedReset Ins Non | 1.40 % | YTW SCENARIO Maturity Type : Call Maturity Date : 2022-03-19 Maturity Price : 25.00 Evaluated at bid price : 24.59 Bid-YTW : 5.63 % |
| IFC.PR.F | Deemed-Retractible | 1.44 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2030-01-31 Maturity Price : 25.00 Evaluated at bid price : 23.18 Bid-YTW : 6.31 % |
| CU.PR.E | Perpetual-Discount | 1.56 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-01-24 Maturity Price : 21.86 Evaluated at bid price : 22.10 Bid-YTW : 5.63 % |
| BAM.PF.I | FixedReset Prem | 1.87 % | YTW SCENARIO Maturity Type : Call Maturity Date : 2022-03-31 Maturity Price : 25.00 Evaluated at bid price : 25.02 Bid-YTW : 4.91 % |
| HSE.PR.G | FixedReset Disc | 1.98 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-01-24 Maturity Price : 20.65 Evaluated at bid price : 20.65 Bid-YTW : 6.62 % |
| HSE.PR.E | FixedReset Disc | 2.06 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-01-24 Maturity Price : 20.78 Evaluated at bid price : 20.78 Bid-YTW : 6.63 % |
| HSE.PR.C | FixedReset Disc | 2.08 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-01-24 Maturity Price : 19.15 Evaluated at bid price : 19.15 Bid-YTW : 6.68 % |
| Volume Highlights | |||
| Issue | Index | Shares Traded |
Notes |
| RY.PR.L | FixedReset Bank Non | 566,200 | YTW SCENARIO Maturity Type : Call Maturity Date : 2019-02-24 Maturity Price : 25.00 Evaluated at bid price : 24.96 Bid-YTW : 1.90 % |
| BMO.PR.B | FixedReset Prem | 231,600 | YTW SCENARIO Maturity Type : Call Maturity Date : 2022-02-25 Maturity Price : 25.00 Evaluated at bid price : 25.53 Bid-YTW : 4.41 % |
| RY.PR.Q | FixedReset Prem | 204,686 | YTW SCENARIO Maturity Type : Call Maturity Date : 2021-05-24 Maturity Price : 25.00 Evaluated at bid price : 25.52 Bid-YTW : 4.37 % |
| TD.PF.H | FixedReset Prem | 156,990 | YTW SCENARIO Maturity Type : Call Maturity Date : 2021-10-31 Maturity Price : 25.00 Evaluated at bid price : 25.11 Bid-YTW : 4.67 % |
| CM.PR.T | FixedReset Disc | 103,646 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-01-24 Maturity Price : 23.04 Evaluated at bid price : 24.70 Bid-YTW : 5.26 % |
| TRP.PR.K | FixedReset Disc | 76,233 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-01-24 Maturity Price : 23.03 Evaluated at bid price : 24.23 Bid-YTW : 5.84 % |
| There were 43 other index-included issues trading in excess of 10,000 shares. | |||
| Wide Spread Highlights | ||
| Issue | Index | Quote Data and Yield Notes |
| TD.PF.D | FixedReset Disc | Quote: 19.03 – 21.70 Spot Rate : 2.6700 Average : 1.5085 YTW SCENARIO |
| MFC.PR.K | FixedReset Ins Non | Quote: 17.10 – 19.26 Spot Rate : 2.1600 Average : 1.4424 YTW SCENARIO |
| TRP.PR.G | FixedReset Disc | Quote: 20.00 – 21.50 Spot Rate : 1.5000 Average : 0.8940 YTW SCENARIO |
| TD.PF.J | FixedReset Disc | Quote: 21.10 – 22.50 Spot Rate : 1.4000 Average : 0.8594 YTW SCENARIO |
| TD.PF.E | FixedReset Disc | Quote: 20.76 – 22.01 Spot Rate : 1.2500 Average : 0.7975 YTW SCENARIO |
| TD.PF.A | FixedReset Disc | Quote: 19.02 – 20.07 Spot Rate : 1.0500 Average : 0.6744 YTW SCENARIO |