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TXPR closed at 629.23, down 0.56% on the day. Volume of 1.93-million was on the low side in the context of the past thirty days.
CPD closed at 12.60, down 0.32% on the day. Volume of 192,567 was on the high side in the context of the past thirty days.
ZPR closed at 10.22, down 0.87% on the day. Volume of 244,707 was high in the context of the past thirty days.
One may speculate that all this was in reaction to changes in the five-year Canada yield, which was down 5bp to 1.79% today.
| HIMIPref™ Preferred Indices These values reflect the December 2008 revision of the HIMIPref™ Indices Values are provisional and are finalized monthly |
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| Index | Mean Current Yield (at bid) |
Median YTW |
Median Average Trading Value |
Median Mod Dur (YTW) |
Issues | Day’s Perf. | Index Value |
| Ratchet | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -2.4548 % | 2,241.4 |
| FixedFloater | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -2.4548 % | 4,112.8 |
| Floater | 5.23 % | 5.51 % | 30,913 | 14.61 | 4 | -2.4548 % | 2,370.2 |
| OpRet | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.1098 % | 3,222.8 |
| SplitShare | 4.91 % | 5.00 % | 65,457 | 3.97 | 8 | -0.1098 % | 3,848.7 |
| Interest-Bearing | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.1098 % | 3,002.9 |
| Perpetual-Premium | 5.85 % | -0.71 % | 88,580 | 0.08 | 4 | 0.0993 % | 2,889.7 |
| Perpetual-Discount | 5.58 % | 5.70 % | 72,371 | 14.31 | 31 | -0.1402 % | 2,978.8 |
| FixedReset Disc | 5.09 % | 5.46 % | 215,664 | 14.73 | 65 | -0.7113 % | 2,229.8 |
| Deemed-Retractible | 5.36 % | 6.22 % | 97,793 | 8.15 | 27 | -0.1164 % | 2,962.9 |
| FloatingReset | 4.34 % | 5.47 % | 64,348 | 8.47 | 6 | -0.7363 % | 2,428.2 |
| FixedReset Prem | 5.14 % | 4.28 % | 265,135 | 2.29 | 18 | -0.0044 % | 2,531.7 |
| FixedReset Bank Non | 2.79 % | 4.00 % | 158,940 | 2.86 | 5 | 0.0331 % | 2,599.5 |
| FixedReset Ins Non | 5.04 % | 6.91 % | 129,821 | 8.24 | 22 | -0.1950 % | 2,208.2 |
| Performance Highlights | |||
| Issue | Index | Change | Notes |
| BAM.PR.K | Floater | -5.52 % | A nonsensical quote provided at high cost by Nonsense Central, as the issue traded 1,700 shares today in a range of 12.69-87 before being quoted at 12.15-70. The closing price was 12.70.
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 |
| BAM.PR.N | Perpetual-Discount | -3.26 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-02-07 Maturity Price : 20.17 Evaluated at bid price : 20.17 Bid-YTW : 5.98 % |
| BAM.PR.M | Perpetual-Discount | -2.83 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-02-07 Maturity Price : 20.26 Evaluated at bid price : 20.26 Bid-YTW : 5.95 % |
| BAM.PF.F | FixedReset Disc | -2.74 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-02-07 Maturity Price : 19.90 Evaluated at bid price : 19.90 Bid-YTW : 6.02 % |
| BAM.PR.C | Floater | -2.70 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-02-07 Maturity Price : 12.60 Evaluated at bid price : 12.60 Bid-YTW : 5.56 % |
| BAM.PR.X | FixedReset Disc | -2.57 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-02-07 Maturity Price : 14.81 Evaluated at bid price : 14.81 Bid-YTW : 5.95 % |
| HSE.PR.A | FixedReset Disc | -2.47 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-02-07 Maturity Price : 13.80 Evaluated at bid price : 13.80 Bid-YTW : 6.32 % |
| PWF.PR.P | FixedReset Disc | -2.39 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-02-07 Maturity Price : 14.32 Evaluated at bid price : 14.32 Bid-YTW : 5.87 % |
| TRP.PR.H | FloatingReset | -2.13 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-02-07 Maturity Price : 12.85 Evaluated at bid price : 12.85 Bid-YTW : 5.80 % |
| BAM.PR.B | Floater | -2.08 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-02-07 Maturity Price : 12.71 Evaluated at bid price : 12.71 Bid-YTW : 5.51 % |
| BMO.PR.W | FixedReset Disc | -2.06 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-02-07 Maturity Price : 19.00 Evaluated at bid price : 19.00 Bid-YTW : 5.39 % |
| BAM.PF.A | FixedReset Disc | -2.05 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-02-07 Maturity Price : 21.55 Evaluated at bid price : 21.55 Bid-YTW : 5.71 % |
| NA.PR.W | FixedReset Disc | -1.89 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-02-07 Maturity Price : 18.20 Evaluated at bid price : 18.20 Bid-YTW : 5.68 % |
| BMO.PR.T | FixedReset Disc | -1.81 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-02-07 Maturity Price : 19.02 Evaluated at bid price : 19.02 Bid-YTW : 5.42 % |
| BAM.PF.B | FixedReset Disc | -1.76 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-02-07 Maturity Price : 19.50 Evaluated at bid price : 19.50 Bid-YTW : 5.85 % |
| BAM.PR.R | FixedReset Disc | -1.68 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-02-07 Maturity Price : 17.00 Evaluated at bid price : 17.00 Bid-YTW : 5.96 % |
| RY.PR.M | FixedReset Disc | -1.65 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-02-07 Maturity Price : 20.80 Evaluated at bid price : 20.80 Bid-YTW : 5.31 % |
| TRP.PR.F | FloatingReset | -1.57 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-02-07 Maturity Price : 15.70 Evaluated at bid price : 15.70 Bid-YTW : 5.78 % |
| EML.PR.A | FixedReset Ins Non | -1.51 % | YTW SCENARIO Maturity Type : Call Maturity Date : 2021-04-17 Maturity Price : 25.00 Evaluated at bid price : 25.40 Bid-YTW : 5.16 % |
| BAM.PR.Z | FixedReset Disc | -1.49 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-02-07 Maturity Price : 21.13 Evaluated at bid price : 21.13 Bid-YTW : 5.76 % |
| HSE.PR.C | FixedReset Disc | -1.48 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-02-07 Maturity Price : 20.00 Evaluated at bid price : 20.00 Bid-YTW : 6.30 % |
| RY.PR.Z | FixedReset Disc | -1.48 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-02-07 Maturity Price : 19.36 Evaluated at bid price : 19.36 Bid-YTW : 5.29 % |
| MFC.PR.F | FixedReset Ins Non | -1.46 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2030-01-31 Maturity Price : 25.00 Evaluated at bid price : 14.18 Bid-YTW : 9.47 % |
| PWF.PR.L | Perpetual-Discount | -1.45 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-02-07 Maturity Price : 22.09 Evaluated at bid price : 22.37 Bid-YTW : 5.73 % |
| HSE.PR.G | FixedReset Disc | -1.45 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-02-07 Maturity Price : 21.09 Evaluated at bid price : 21.09 Bid-YTW : 6.41 % |
| BMO.PR.S | FixedReset Disc | -1.37 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-02-07 Maturity Price : 19.50 Evaluated at bid price : 19.50 Bid-YTW : 5.40 % |
| EMA.PR.F | FixedReset Disc | -1.36 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-02-07 Maturity Price : 19.55 Evaluated at bid price : 19.55 Bid-YTW : 5.77 % |
| CM.PR.O | FixedReset Disc | -1.34 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-02-07 Maturity Price : 19.10 Evaluated at bid price : 19.10 Bid-YTW : 5.52 % |
| TD.PF.C | FixedReset Disc | -1.33 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-02-07 Maturity Price : 19.25 Evaluated at bid price : 19.25 Bid-YTW : 5.37 % |
| RY.PR.J | FixedReset Disc | -1.29 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-02-07 Maturity Price : 21.35 Evaluated at bid price : 21.35 Bid-YTW : 5.34 % |
| SLF.PR.J | FloatingReset | -1.28 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2030-01-31 Maturity Price : 25.00 Evaluated at bid price : 14.65 Bid-YTW : 9.21 % |
| TD.PF.B | FixedReset Disc | -1.26 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-02-07 Maturity Price : 19.60 Evaluated at bid price : 19.60 Bid-YTW : 5.32 % |
| TD.PF.E | FixedReset Disc | -1.26 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-02-07 Maturity Price : 21.60 Evaluated at bid price : 22.00 Bid-YTW : 5.29 % |
| RY.PR.H | FixedReset Disc | -1.26 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-02-07 Maturity Price : 19.65 Evaluated at bid price : 19.65 Bid-YTW : 5.27 % |
| NA.PR.S | FixedReset Disc | -1.25 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-02-07 Maturity Price : 19.02 Evaluated at bid price : 19.02 Bid-YTW : 5.64 % |
| TRP.PR.B | FixedReset Disc | -1.22 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-02-07 Maturity Price : 12.95 Evaluated at bid price : 12.95 Bid-YTW : 6.00 % |
| BAM.PR.T | FixedReset Disc | -1.16 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-02-07 Maturity Price : 16.97 Evaluated at bid price : 16.97 Bid-YTW : 6.04 % |
| TD.PF.A | FixedReset Disc | -1.16 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-02-07 Maturity Price : 19.55 Evaluated at bid price : 19.55 Bid-YTW : 5.29 % |
| SLF.PR.I | FixedReset Ins Non | -1.16 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2030-01-31 Maturity Price : 25.00 Evaluated at bid price : 20.41 Bid-YTW : 6.84 % |
| IFC.PR.G | FixedReset Ins Non | -1.11 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2030-01-31 Maturity Price : 25.00 Evaluated at bid price : 20.45 Bid-YTW : 7.18 % |
| TRP.PR.E | FixedReset Disc | -1.09 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-02-07 Maturity Price : 18.10 Evaluated at bid price : 18.10 Bid-YTW : 5.88 % |
| MFC.PR.B | Deemed-Retractible | -1.06 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2030-01-31 Maturity Price : 25.00 Evaluated at bid price : 20.58 Bid-YTW : 7.12 % |
| CCS.PR.C | Deemed-Retractible | -1.02 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2030-01-31 Maturity Price : 25.00 Evaluated at bid price : 22.42 Bid-YTW : 6.43 % |
| TRP.PR.C | FixedReset Disc | -1.01 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-02-07 Maturity Price : 13.73 Evaluated at bid price : 13.73 Bid-YTW : 6.02 % |
| MFC.PR.M | FixedReset Ins Non | 1.12 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2030-01-31 Maturity Price : 25.00 Evaluated at bid price : 18.96 Bid-YTW : 7.60 % |
| IFC.PR.A | FixedReset Ins Non | 1.14 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2030-01-31 Maturity Price : 25.00 Evaluated at bid price : 16.00 Bid-YTW : 8.76 % |
| BIP.PR.E | FixedReset Disc | 1.17 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-02-07 Maturity Price : 21.39 Evaluated at bid price : 21.70 Bid-YTW : 5.83 % |
| Volume Highlights | |||
| Issue | Index | Shares Traded |
Notes |
| CM.PR.R | FixedReset Disc | 170,315 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-02-07 Maturity Price : 22.66 Evaluated at bid price : 23.48 Bid-YTW : 5.39 % |
| MFC.PR.H | FixedReset Ins Non | 82,790 | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2030-01-31 Maturity Price : 25.00 Evaluated at bid price : 22.45 Bid-YTW : 6.17 % |
| BMO.PR.D | FixedReset Disc | 43,702 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-02-07 Maturity Price : 22.50 Evaluated at bid price : 23.21 Bid-YTW : 5.27 % |
| TRP.PR.D | FixedReset Disc | 39,820 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-02-07 Maturity Price : 18.15 Evaluated at bid price : 18.15 Bid-YTW : 5.91 % |
| RY.PR.S | FixedReset Disc | 37,610 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-02-07 Maturity Price : 21.64 Evaluated at bid price : 22.00 Bid-YTW : 4.99 % |
| CM.PR.Q | FixedReset Disc | 37,400 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-02-07 Maturity Price : 21.18 Evaluated at bid price : 21.18 Bid-YTW : 5.42 % |
| There were 26 other index-included issues trading in excess of 10,000 shares. | |||
| Wide Spread Highlights | ||
| Issue | Index | Quote Data and Yield Notes |
| MFC.PR.I | FixedReset Ins Non | Quote: 20.99 – 22.80 Spot Rate : 1.8100 Average : 1.2011 YTW SCENARIO |
| MFC.PR.K | FixedReset Ins Non | Quote: 19.25 – 20.65 Spot Rate : 1.4000 Average : 0.8283 YTW SCENARIO |
| MFC.PR.F | FixedReset Ins Non | Quote: 14.18 – 15.50 Spot Rate : 1.3200 Average : 0.8363 YTW SCENARIO |
| PWF.PR.P | FixedReset Disc | Quote: 14.32 – 15.75 Spot Rate : 1.4300 Average : 0.9540 YTW SCENARIO |
| SLF.PR.G | FixedReset Ins Non | Quote: 14.50 – 15.50 Spot Rate : 1.0000 Average : 0.6716 YTW SCENARIO |
| BAM.PR.M | Perpetual-Discount | Quote: 20.26 – 21.10 Spot Rate : 0.8400 Average : 0.5219 YTW SCENARIO |