Click for Big
TXPR closed at 606.31, up 0.98% on the day. Volume was 1.72-million, relatively light in the context of the past thirty days.
CPD closed at 12.10, up 0.83% on the day. Volume of 46,515 was quite low, but not record-setting, in the context of the past thirty days.
ZPR closed at 9.72, up 1.14% on the day. Volume of 111,451 was the third-lowest of the past thirty days, exceeding only June 25 and June 14.
Five-year Canada yields were up 2bp to 1.40% today.
There was a boat-load of MOC buy orders today, which certainly had an effect on the reported closing level; we’ll see how much of it sticks next week!
| 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 | -1.0252 % | 1,929.1 |
| FixedFloater | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -1.0252 % | 3,539.8 |
| Floater | 6.14 % | 6.31 % | 77,263 | 13.45 | 3 | -1.0252 % | 2,040.0 |
| OpRet | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.0284 % | 3,318.6 |
| SplitShare | 4.69 % | 4.74 % | 87,725 | 4.19 | 7 | 0.0284 % | 3,963.1 |
| Interest-Bearing | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.0284 % | 3,092.2 |
| Perpetual-Premium | 5.61 % | -11.45 % | 70,206 | 0.09 | 7 | -0.0112 % | 2,954.4 |
| Perpetual-Discount | 5.50 % | 5.62 % | 60,476 | 14.46 | 26 | 0.1250 % | 3,079.6 |
| FixedReset Disc | 5.46 % | 5.24 % | 162,222 | 14.88 | 70 | 1.1576 % | 2,098.4 |
| Deemed-Retractible | 5.26 % | 6.00 % | 72,985 | 8.01 | 27 | 0.2982 % | 3,089.7 |
| FloatingReset | 4.09 % | 4.65 % | 49,269 | 2.50 | 4 | -0.4770 % | 2,335.3 |
| FixedReset Prem | 5.11 % | 3.74 % | 185,659 | 1.82 | 16 | 0.3372 % | 2,594.2 |
| FixedReset Bank Non | 1.97 % | 3.85 % | 132,637 | 2.51 | 3 | 0.3370 % | 2,659.0 |
| FixedReset Ins Non | 5.32 % | 7.51 % | 91,036 | 8.11 | 22 | 0.8808 % | 2,136.3 |
| Performance Highlights | |||
| Issue | Index | Change | Notes |
| PWF.PR.A | Floater | -3.11 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-06-28 Maturity Price : 11.83 Evaluated at bid price : 11.83 Bid-YTW : 5.93 % |
| MFC.PR.L | FixedReset Ins Non | -1.74 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2030-01-31 Maturity Price : 25.00 Evaluated at bid price : 16.41 Bid-YTW : 8.55 % |
| SLF.PR.J | FloatingReset | -1.39 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2030-01-31 Maturity Price : 25.00 Evaluated at bid price : 13.51 Bid-YTW : 10.33 % |
| TRP.PR.E | FixedReset Disc | -1.36 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-06-28 Maturity Price : 15.32 Evaluated at bid price : 15.32 Bid-YTW : 6.03 % |
| PWF.PR.S | Perpetual-Discount | -1.14 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-06-28 Maturity Price : 21.75 Evaluated at bid price : 21.75 Bid-YTW : 5.62 % |
| SLF.PR.G | FixedReset Ins Non | -1.10 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2030-01-31 Maturity Price : 25.00 Evaluated at bid price : 13.51 Bid-YTW : 9.79 % |
| HSE.PR.G | FixedReset Disc | 1.04 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-06-28 Maturity Price : 19.40 Evaluated at bid price : 19.40 Bid-YTW : 6.29 % |
| MFC.PR.O | FixedReset Ins Non | 1.05 % | YTW SCENARIO Maturity Type : Call Maturity Date : 2021-06-19 Maturity Price : 25.00 Evaluated at bid price : 25.98 Bid-YTW : 3.63 % |
| BMO.PR.C | FixedReset Disc | 1.12 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-06-28 Maturity Price : 22.20 Evaluated at bid price : 22.61 Bid-YTW : 5.17 % |
| BMO.PR.W | FixedReset Disc | 1.14 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-06-28 Maturity Price : 16.84 Evaluated at bid price : 16.84 Bid-YTW : 5.36 % |
| RY.PR.S | FixedReset Disc | 1.15 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-06-28 Maturity Price : 21.06 Evaluated at bid price : 21.06 Bid-YTW : 4.80 % |
| BMO.PR.E | FixedReset Disc | 1.17 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-06-28 Maturity Price : 20.72 Evaluated at bid price : 20.72 Bid-YTW : 5.16 % |
| RY.PR.Z | FixedReset Disc | 1.20 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-06-28 Maturity Price : 17.71 Evaluated at bid price : 17.71 Bid-YTW : 5.13 % |
| BMO.PR.Y | FixedReset Disc | 1.27 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-06-28 Maturity Price : 19.20 Evaluated at bid price : 19.20 Bid-YTW : 5.32 % |
| CM.PR.R | FixedReset Disc | 1.30 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-06-28 Maturity Price : 21.44 Evaluated at bid price : 21.78 Bid-YTW : 5.33 % |
| MFC.PR.C | Deemed-Retractible | 1.30 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2030-01-31 Maturity Price : 25.00 Evaluated at bid price : 20.96 Bid-YTW : 6.71 % |
| TD.PF.J | FixedReset Disc | 1.32 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-06-28 Maturity Price : 20.77 Evaluated at bid price : 20.77 Bid-YTW : 5.13 % |
| BMO.PR.D | FixedReset Disc | 1.35 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-06-28 Maturity Price : 21.42 Evaluated at bid price : 21.76 Bid-YTW : 5.20 % |
| BAM.PF.B | FixedReset Disc | 1.35 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-06-28 Maturity Price : 17.23 Evaluated at bid price : 17.23 Bid-YTW : 6.00 % |
| SLF.PR.B | Deemed-Retractible | 1.36 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2030-01-31 Maturity Price : 25.00 Evaluated at bid price : 22.40 Bid-YTW : 6.18 % |
| MFC.PR.R | FixedReset Ins Non | 1.36 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2030-01-31 Maturity Price : 25.00 Evaluated at bid price : 23.83 Bid-YTW : 5.72 % |
| BIP.PR.C | FixedReset Disc | 1.37 % | YTW SCENARIO Maturity Type : Call Maturity Date : 2021-09-30 Maturity Price : 25.00 Evaluated at bid price : 25.19 Bid-YTW : 5.01 % |
| MFC.PR.M | FixedReset Ins Non | 1.39 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2030-01-31 Maturity Price : 25.00 Evaluated at bid price : 16.74 Bid-YTW : 8.57 % |
| PWF.PR.T | FixedReset Disc | 1.49 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-06-28 Maturity Price : 18.37 Evaluated at bid price : 18.37 Bid-YTW : 5.33 % |
| TRP.PR.C | FixedReset Disc | 1.51 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-06-28 Maturity Price : 12.04 Evaluated at bid price : 12.04 Bid-YTW : 5.87 % |
| CU.PR.G | Perpetual-Discount | 1.51 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-06-28 Maturity Price : 20.78 Evaluated at bid price : 20.78 Bid-YTW : 5.48 % |
| TD.PF.K | FixedReset Disc | 1.53 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-06-28 Maturity Price : 20.51 Evaluated at bid price : 20.51 Bid-YTW : 5.14 % |
| BAM.PF.F | FixedReset Disc | 1.54 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-06-28 Maturity Price : 17.12 Evaluated at bid price : 17.12 Bid-YTW : 6.18 % |
| BIP.PR.D | FixedReset Disc | 1.64 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-06-28 Maturity Price : 22.39 Evaluated at bid price : 22.87 Bid-YTW : 5.58 % |
| RY.PR.H | FixedReset Disc | 1.70 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-06-28 Maturity Price : 17.90 Evaluated at bid price : 17.90 Bid-YTW : 5.09 % |
| BAM.PF.E | FixedReset Disc | 1.71 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-06-28 Maturity Price : 16.06 Evaluated at bid price : 16.06 Bid-YTW : 6.14 % |
| TRP.PR.D | FixedReset Disc | 1.81 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-06-28 Maturity Price : 16.32 Evaluated at bid price : 16.32 Bid-YTW : 5.78 % |
| BAM.PF.G | FixedReset Disc | 1.83 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-06-28 Maturity Price : 17.21 Evaluated at bid price : 17.21 Bid-YTW : 6.14 % |
| BMO.PR.T | FixedReset Disc | 1.86 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-06-28 Maturity Price : 16.98 Evaluated at bid price : 16.98 Bid-YTW : 5.34 % |
| NA.PR.C | FixedReset Disc | 1.87 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-06-28 Maturity Price : 21.42 Evaluated at bid price : 21.75 Bid-YTW : 5.47 % |
| CM.PR.Q | FixedReset Disc | 1.88 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-06-28 Maturity Price : 18.98 Evaluated at bid price : 18.98 Bid-YTW : 5.40 % |
| IFC.PR.A | FixedReset Ins Non | 1.92 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2030-01-31 Maturity Price : 25.00 Evaluated at bid price : 14.90 Bid-YTW : 9.33 % |
| BAM.PR.Z | FixedReset Disc | 1.98 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-06-28 Maturity Price : 18.51 Evaluated at bid price : 18.51 Bid-YTW : 5.97 % |
| BNS.PR.I | FixedReset Disc | 1.99 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-06-28 Maturity Price : 20.86 Evaluated at bid price : 20.86 Bid-YTW : 4.84 % |
| CM.PR.S | FixedReset Disc | 2.02 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-06-28 Maturity Price : 19.23 Evaluated at bid price : 19.23 Bid-YTW : 5.12 % |
| SLF.PR.I | FixedReset Ins Non | 2.06 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2030-01-31 Maturity Price : 25.00 Evaluated at bid price : 19.35 Bid-YTW : 7.09 % |
| IAF.PR.G | FixedReset Ins Non | 2.13 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2030-01-31 Maturity Price : 25.00 Evaluated at bid price : 19.64 Bid-YTW : 6.98 % |
| MFC.PR.H | FixedReset Ins Non | 2.15 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2030-01-31 Maturity Price : 25.00 Evaluated at bid price : 20.44 Bid-YTW : 6.93 % |
| TRP.PR.G | FixedReset Disc | 2.23 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-06-28 Maturity Price : 18.30 Evaluated at bid price : 18.30 Bid-YTW : 5.89 % |
| TD.PF.D | FixedReset Disc | 2.38 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-06-28 Maturity Price : 20.23 Evaluated at bid price : 20.23 Bid-YTW : 5.14 % |
| RY.PR.J | FixedReset Disc | 2.41 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-06-28 Maturity Price : 19.97 Evaluated at bid price : 19.97 Bid-YTW : 5.14 % |
| CM.PR.O | FixedReset Disc | 2.51 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-06-28 Maturity Price : 17.17 Evaluated at bid price : 17.17 Bid-YTW : 5.33 % |
| RY.PR.M | FixedReset Disc | 2.59 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-06-28 Maturity Price : 19.39 Evaluated at bid price : 19.39 Bid-YTW : 5.13 % |
| TD.PF.E | FixedReset Disc | 2.66 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-06-28 Maturity Price : 20.44 Evaluated at bid price : 20.44 Bid-YTW : 5.18 % |
| TRP.PR.B | FixedReset Disc | 2.67 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-06-28 Maturity Price : 11.54 Evaluated at bid price : 11.54 Bid-YTW : 5.66 % |
| MFC.PR.I | FixedReset Ins Non | 2.67 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2030-01-31 Maturity Price : 25.00 Evaluated at bid price : 19.23 Bid-YTW : 7.51 % |
| EMA.PR.F | FixedReset Disc | 2.72 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-06-28 Maturity Price : 17.38 Evaluated at bid price : 17.38 Bid-YTW : 5.81 % |
| HSE.PR.C | FixedReset Disc | 2.82 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-06-28 Maturity Price : 18.61 Evaluated at bid price : 18.61 Bid-YTW : 6.05 % |
| CU.PR.C | FixedReset Disc | 2.93 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-06-28 Maturity Price : 18.24 Evaluated at bid price : 18.24 Bid-YTW : 5.10 % |
| BAM.PF.A | FixedReset Disc | 2.98 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-06-28 Maturity Price : 18.98 Evaluated at bid price : 18.98 Bid-YTW : 5.90 % |
| BAM.PR.R | FixedReset Disc | 3.24 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-06-28 Maturity Price : 14.97 Evaluated at bid price : 14.97 Bid-YTW : 5.99 % |
| BAM.PR.T | FixedReset Disc | 4.30 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-06-28 Maturity Price : 15.03 Evaluated at bid price : 15.03 Bid-YTW : 6.06 % |
| Volume Highlights | |||
| Issue | Index | Shares Traded |
Notes |
| TD.PF.B | FixedReset Disc | 65,980 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-06-28 Maturity Price : 17.69 Evaluated at bid price : 17.69 Bid-YTW : 5.19 % |
| IFC.PR.E | Deemed-Retractible | 51,565 | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2030-01-31 Maturity Price : 25.00 Evaluated at bid price : 23.50 Bid-YTW : 6.01 % |
| CM.PR.O | FixedReset Disc | 41,616 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-06-28 Maturity Price : 17.17 Evaluated at bid price : 17.17 Bid-YTW : 5.33 % |
| CU.PR.D | Perpetual-Discount | 36,500 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-06-28 Maturity Price : 22.24 Evaluated at bid price : 22.55 Bid-YTW : 5.48 % |
| TD.PF.J | FixedReset Disc | 31,825 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-06-28 Maturity Price : 20.77 Evaluated at bid price : 20.77 Bid-YTW : 5.13 % |
| MFC.PR.R | FixedReset Ins Non | 31,566 | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2030-01-31 Maturity Price : 25.00 Evaluated at bid price : 23.83 Bid-YTW : 5.72 % |
| There were 28 other index-included issues trading in excess of 10,000 shares. | |||
| Wide Spread Highlights | ||
| Issue | Index | Quote Data and Yield Notes |
| TRP.PR.E | FixedReset Disc | Quote: 15.32 – 15.99 Spot Rate : 0.6700 Average : 0.4103 YTW SCENARIO |
| BIP.PR.A | FixedReset Disc | Quote: 18.91 – 19.64 Spot Rate : 0.7300 Average : 0.5044 YTW SCENARIO |
| HSE.PR.G | FixedReset Disc | Quote: 19.40 – 19.92 Spot Rate : 0.5200 Average : 0.3649 YTW SCENARIO |
| MFC.PR.G | FixedReset Ins Non | Quote: 18.88 – 19.59 Spot Rate : 0.7100 Average : 0.5552 YTW SCENARIO |
| TD.PF.D | FixedReset Disc | Quote: 20.23 – 20.65 Spot Rate : 0.4200 Average : 0.2717 YTW SCENARIO |
| SLF.PR.H | FixedReset Ins Non | Quote: 15.94 – 16.50 Spot Rate : 0.5600 Average : 0.4131 YTW SCENARIO |