Click for Big
TXPR closed at 608.40, down 0.88% on the day. Volume was 2.38-million, on the high side but nothing special in the context of the past thirty days.
CPD closed at 12.19, down 0.45% on the day. Volume of 85,182 was slightly above average in the context of the past thirty days.
ZPR closed at 9.83, down 0.41% on the day. Volume of 142,697 was above average in the context of the past thirty days.
Five-year Canada yields were up, down 2bp to 1.45% today, but that’s not sufficient to be considered a glib explanation. Wait … it’s near month end! Window-dressing! That’s glib! Window-dressing!
| 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 | 0.1669 % | 2,039.5 |
| FixedFloater | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.1669 % | 3,742.4 |
| Floater | 5.76 % | 6.12 % | 53,094 | 13.64 | 3 | 0.1669 % | 2,156.8 |
| OpRet | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.1171 % | 3,302.4 |
| SplitShare | 4.72 % | 4.79 % | 77,875 | 4.27 | 7 | -0.1171 % | 3,943.7 |
| Interest-Bearing | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.1171 % | 3,077.0 |
| Perpetual-Premium | 5.56 % | 4.95 % | 83,547 | 14.21 | 12 | -0.4786 % | 2,932.7 |
| Perpetual-Discount | 5.48 % | 5.50 % | 72,876 | 14.62 | 20 | -0.6143 % | 3,078.9 |
| FixedReset Disc | 5.49 % | 5.52 % | 151,153 | 14.56 | 63 | -0.8340 % | 2,094.8 |
| Deemed-Retractible | 5.29 % | 5.98 % | 93,315 | 8.10 | 27 | -0.4832 % | 3,068.8 |
| FloatingReset | 4.05 % | 4.44 % | 49,013 | 2.56 | 4 | -0.8557 % | 2,370.3 |
| FixedReset Prem | 5.14 % | 4.19 % | 230,852 | 2.10 | 21 | -0.1675 % | 2,576.0 |
| FixedReset Bank Non | 1.98 % | 4.10 % | 137,586 | 2.58 | 3 | -0.1115 % | 2,638.7 |
| FixedReset Ins Non | 5.23 % | 7.18 % | 105,457 | 8.18 | 22 | -0.7460 % | 2,179.8 |
| Performance Highlights | |||
| Issue | Index | Change | Notes |
| CM.PR.P | FixedReset Disc | -4.63 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-05-30 Maturity Price : 16.26 Evaluated at bid price : 16.26 Bid-YTW : 5.83 % |
| PWF.PR.P | FixedReset Disc | -3.49 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-05-30 Maturity Price : 13.27 Evaluated at bid price : 13.27 Bid-YTW : 5.74 % |
| TRP.PR.F | FloatingReset | -2.83 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-05-30 Maturity Price : 14.01 Evaluated at bid price : 14.01 Bid-YTW : 6.42 % |
| TRP.PR.A | FixedReset Disc | -2.71 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-05-30 Maturity Price : 14.00 Evaluated at bid price : 14.00 Bid-YTW : 6.10 % |
| RY.PR.H | FixedReset Disc | -2.69 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-05-30 Maturity Price : 17.73 Evaluated at bid price : 17.73 Bid-YTW : 5.34 % |
| BAM.PF.F | FixedReset Disc | -2.64 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-05-30 Maturity Price : 17.31 Evaluated at bid price : 17.31 Bid-YTW : 6.43 % |
| BAM.PR.X | FixedReset Disc | -2.58 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-05-30 Maturity Price : 13.20 Evaluated at bid price : 13.20 Bid-YTW : 6.15 % |
| TD.PF.E | FixedReset Disc | -2.54 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-05-30 Maturity Price : 20.32 Evaluated at bid price : 20.32 Bid-YTW : 5.36 % |
| TD.PF.D | FixedReset Disc | -2.53 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-05-30 Maturity Price : 20.00 Evaluated at bid price : 20.00 Bid-YTW : 5.36 % |
| TD.PF.J | FixedReset Disc | -2.38 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-05-30 Maturity Price : 20.50 Evaluated at bid price : 20.50 Bid-YTW : 5.32 % |
| IAF.PR.I | FixedReset Ins Non | -2.36 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2030-01-31 Maturity Price : 25.00 Evaluated at bid price : 21.21 Bid-YTW : 6.46 % |
| BAM.PR.Z | FixedReset Disc | -2.35 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-05-30 Maturity Price : 18.70 Evaluated at bid price : 18.70 Bid-YTW : 6.15 % |
| TD.PF.K | FixedReset Disc | -2.29 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-05-30 Maturity Price : 20.01 Evaluated at bid price : 20.01 Bid-YTW : 5.40 % |
| MFC.PR.H | FixedReset Ins Non | -2.23 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2030-01-31 Maturity Price : 25.00 Evaluated at bid price : 20.57 Bid-YTW : 6.91 % |
| IFC.PR.G | FixedReset Ins Non | -2.01 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2030-01-31 Maturity Price : 25.00 Evaluated at bid price : 20.00 Bid-YTW : 7.32 % |
| BAM.PF.C | Perpetual-Discount | -1.93 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-05-30 Maturity Price : 20.30 Evaluated at bid price : 20.30 Bid-YTW : 6.09 % |
| SLF.PR.G | FixedReset Ins Non | -1.92 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2030-01-31 Maturity Price : 25.00 Evaluated at bid price : 13.78 Bid-YTW : 9.67 % |
| RY.PR.M | FixedReset Disc | -1.82 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-05-30 Maturity Price : 18.92 Evaluated at bid price : 18.92 Bid-YTW : 5.43 % |
| SLF.PR.E | Deemed-Retractible | -1.81 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2030-01-31 Maturity Price : 25.00 Evaluated at bid price : 20.62 Bid-YTW : 6.82 % |
| RY.PR.Z | FixedReset Disc | -1.74 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-05-30 Maturity Price : 18.02 Evaluated at bid price : 18.02 Bid-YTW : 5.19 % |
| SLF.PR.J | FloatingReset | -1.74 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2030-01-31 Maturity Price : 25.00 Evaluated at bid price : 14.15 Bid-YTW : 9.68 % |
| CM.PR.O | FixedReset Disc | -1.67 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-05-30 Maturity Price : 17.06 Evaluated at bid price : 17.06 Bid-YTW : 5.67 % |
| BAM.PF.D | Perpetual-Discount | -1.64 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-05-30 Maturity Price : 21.00 Evaluated at bid price : 21.00 Bid-YTW : 5.94 % |
| IFC.PR.E | Deemed-Retractible | -1.50 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2030-01-31 Maturity Price : 25.00 Evaluated at bid price : 23.65 Bid-YTW : 6.04 % |
| BAM.PR.N | Perpetual-Discount | -1.42 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-05-30 Maturity Price : 20.12 Evaluated at bid price : 20.12 Bid-YTW : 6.02 % |
| PWF.PR.L | Perpetual-Discount | -1.42 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-05-30 Maturity Price : 22.66 Evaluated at bid price : 22.90 Bid-YTW : 5.62 % |
| NA.PR.C | FixedReset Disc | -1.41 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-05-30 Maturity Price : 21.31 Evaluated at bid price : 21.60 Bid-YTW : 5.63 % |
| BMO.PR.E | FixedReset Disc | -1.40 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-05-30 Maturity Price : 21.15 Evaluated at bid price : 21.15 Bid-YTW : 5.18 % |
| POW.PR.A | Perpetual-Premium | -1.36 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-05-30 Maturity Price : 24.44 Evaluated at bid price : 24.68 Bid-YTW : 5.75 % |
| TD.PF.I | FixedReset Disc | -1.35 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-05-30 Maturity Price : 21.64 Evaluated at bid price : 21.90 Bid-YTW : 5.19 % |
| IFC.PR.A | FixedReset Ins Non | -1.31 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2030-01-31 Maturity Price : 25.00 Evaluated at bid price : 15.05 Bid-YTW : 9.40 % |
| SLF.PR.D | Deemed-Retractible | -1.29 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2030-01-31 Maturity Price : 25.00 Evaluated at bid price : 20.68 Bid-YTW : 6.73 % |
| BMO.PR.C | FixedReset Disc | -1.24 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-05-30 Maturity Price : 22.45 Evaluated at bid price : 23.01 Bid-YTW : 5.19 % |
| BMO.PR.T | FixedReset Disc | -1.22 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-05-30 Maturity Price : 17.00 Evaluated at bid price : 17.00 Bid-YTW : 5.54 % |
| TRP.PR.K | FixedReset Prem | -1.19 % | YTW SCENARIO Maturity Type : Call Maturity Date : 2022-05-31 Maturity Price : 25.00 Evaluated at bid price : 24.90 Bid-YTW : 5.07 % |
| SLF.PR.H | FixedReset Ins Non | -1.15 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2030-01-31 Maturity Price : 25.00 Evaluated at bid price : 16.36 Bid-YTW : 8.41 % |
| MFC.PR.J | FixedReset Ins Non | -1.14 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2030-01-31 Maturity Price : 25.00 Evaluated at bid price : 19.91 Bid-YTW : 7.13 % |
| NA.PR.W | FixedReset Disc | -1.13 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-05-30 Maturity Price : 16.66 Evaluated at bid price : 16.66 Bid-YTW : 5.69 % |
| BAM.PR.M | Perpetual-Discount | -1.13 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-05-30 Maturity Price : 20.17 Evaluated at bid price : 20.17 Bid-YTW : 6.00 % |
| SLF.PR.A | Deemed-Retractible | -1.12 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2030-01-31 Maturity Price : 25.00 Evaluated at bid price : 22.00 Bid-YTW : 6.29 % |
| IFC.PR.F | Deemed-Retractible | -1.12 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2030-01-31 Maturity Price : 25.00 Evaluated at bid price : 23.80 Bid-YTW : 6.07 % |
| GWO.PR.N | FixedReset Ins Non | -1.11 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2030-01-31 Maturity Price : 25.00 Evaluated at bid price : 14.50 Bid-YTW : 8.82 % |
| RY.PR.S | FixedReset Disc | -1.08 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-05-30 Maturity Price : 21.11 Evaluated at bid price : 21.11 Bid-YTW : 4.91 % |
| TRP.PR.G | FixedReset Disc | -1.06 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-05-30 Maturity Price : 18.65 Evaluated at bid price : 18.65 Bid-YTW : 5.94 % |
| BAM.PR.K | Floater | 1.05 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-05-30 Maturity Price : 11.50 Evaluated at bid price : 11.50 Bid-YTW : 6.12 % |
| BAM.PR.R | FixedReset Disc | 1.08 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-05-30 Maturity Price : 14.96 Evaluated at bid price : 14.96 Bid-YTW : 6.29 % |
| BMO.PR.Y | FixedReset Disc | 1.56 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-05-30 Maturity Price : 19.50 Evaluated at bid price : 19.50 Bid-YTW : 5.40 % |
| HSE.PR.A | FixedReset Disc | 2.32 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-05-30 Maturity Price : 12.37 Evaluated at bid price : 12.37 Bid-YTW : 6.42 % |
| Volume Highlights | |||
| Issue | Index | Shares Traded |
Notes |
| TRP.PR.B | FixedReset Disc | 194,300 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-05-30 Maturity Price : 11.71 Evaluated at bid price : 11.71 Bid-YTW : 5.87 % |
| BMO.PR.F | FixedReset Prem | 151,613 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-05-30 Maturity Price : 23.17 Evaluated at bid price : 25.01 Bid-YTW : 4.99 % |
| TD.PF.A | FixedReset Disc | 109,100 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-05-30 Maturity Price : 17.70 Evaluated at bid price : 17.70 Bid-YTW : 5.35 % |
| MFC.PR.Q | FixedReset Ins Non | 106,257 | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2030-01-31 Maturity Price : 25.00 Evaluated at bid price : 20.05 Bid-YTW : 7.01 % |
| CM.PR.T | FixedReset Prem | 87,900 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-05-30 Maturity Price : 23.10 Evaluated at bid price : 24.80 Bid-YTW : 4.92 % |
| TD.PF.H | FixedReset Prem | 81,667 | YTW SCENARIO Maturity Type : Call Maturity Date : 2021-10-31 Maturity Price : 25.00 Evaluated at bid price : 25.65 Bid-YTW : 3.91 % |
| There were 30 other index-included issues trading in excess of 10,000 shares. | |||
| Wide Spread Highlights | ||
| Issue | Index | Quote Data and Yield Notes |
| TD.PF.K | FixedReset Disc | Quote: 20.01 – 20.52 Spot Rate : 0.5100 Average : 0.2996 YTW SCENARIO |
| BAM.PF.C | Perpetual-Discount | Quote: 20.30 – 20.79 Spot Rate : 0.4900 Average : 0.3108 YTW SCENARIO |
| IFC.PR.F | Deemed-Retractible | Quote: 23.80 – 24.35 Spot Rate : 0.5500 Average : 0.3825 YTW SCENARIO |
| CCS.PR.C | Deemed-Retractible | Quote: 23.01 – 23.58 Spot Rate : 0.5700 Average : 0.4130 YTW SCENARIO |
| MFC.PR.L | FixedReset Ins Non | Quote: 17.10 – 17.44 Spot Rate : 0.3400 Average : 0.2061 YTW SCENARIO |
| SLF.PR.E | Deemed-Retractible | Quote: 20.62 – 20.97 Spot Rate : 0.3500 Average : 0.2237 YTW SCENARIO |