PrefBlog

So it turns out we’re all sweetness and light now. Well, today, anyway.:

The United States and China will hold trade talks in Washington early next month, officials from both countries said on Thursday, but new tariffs will make it difficult to find a way to end their economic clash.
…
Stocks around the world rose following the news that talks would resume.

TXPR closed at 593.21, up 1.14% on the day. Volume was 2.57-million, about average in the context of the past thirty days.

CPD closed at 11.85, up 0.94% on the day. Volume of 137,013 was high but not extraordinary in the context of the past 30 days.

ZPR closed at 9.47, up 0.85% on the day. Volume of 305,282 was high but not extraordinary in the context of the past 30 days.

Five-year Canada yields were up 14bp to 1.29% today.

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	1.8931 %	1,836.7
FixedFloater	0.00 %	0.00 %	0	0.00	0	1.8931 %	3,370.2
Floater	6.50 %	6.60 %	51,335	12.94	4	1.8931 %	1,942.3
OpRet	0.00 %	0.00 %	0	0.00	0	-0.1579 %	3,375.7
SplitShare	4.67 %	4.45 %	64,302	4.06	7	-0.1579 %	4,031.3
Interest-Bearing	0.00 %	0.00 %	0	0.00	0	-0.1579 %	3,145.4
Perpetual-Premium	5.62 %	-18.39 %	61,463	0.09	6	-0.0976 %	2,979.6
Perpetual-Discount	5.48 %	5.64 %	65,626	14.39	28	0.3133 %	3,118.1
FixedReset Disc	5.59 %	5.24 %	171,202	14.77	73	1.4953 %	2,048.6
Deemed-Retractible	5.30 %	6.14 %	78,282	7.90	27	0.3296 %	3,103.1
FloatingReset	4.62 %	6.93 %	62,914	7.99	3	0.8719 %	2,301.2
FixedReset Prem	5.26 %	4.10 %	138,488	1.63	14	0.1343 %	2,575.4
FixedReset Bank Non	1.97 %	4.14 %	94,064	2.33	3	0.5443 %	2,664.3
FixedReset Ins Non	5.51 %	7.76 %	101,155	8.04	21	0.8809 %	2,090.8

Performance Highlights
Issue	Index	Change	Notes
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 : 15.59 Bid-YTW : 8.79 %
BMO.PR.D	FixedReset Disc	1.01 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-09-05 Maturity Price : 21.06 Evaluated at bid price : 21.06 Bid-YTW : 5.18 %
BNS.PR.H	FixedReset Disc	1.01 %	YTW SCENARIO Maturity Type : Call Maturity Date : 2022-01-26 Maturity Price : 25.00 Evaluated at bid price : 25.05 Bid-YTW : 5.02 %
BMO.PR.W	FixedReset Disc	1.04 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-09-05 Maturity Price : 16.45 Evaluated at bid price : 16.45 Bid-YTW : 5.15 %
BAM.PR.B	Floater	1.05 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-09-05 Maturity Price : 10.61 Evaluated at bid price : 10.61 Bid-YTW : 6.65 %
EMA.PR.H	FixedReset Disc	1.06 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-09-05 Maturity Price : 23.18 Evaluated at bid price : 24.80 Bid-YTW : 4.89 %
IAF.PR.I	FixedReset Ins Non	1.07 %	YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2030-01-31 Maturity Price : 25.00 Evaluated at bid price : 18.90 Bid-YTW : 7.74 %
EMA.PR.C	FixedReset Disc	1.08 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-09-05 Maturity Price : 17.84 Evaluated at bid price : 17.84 Bid-YTW : 5.68 %
MFC.PR.C	Deemed-Retractible	1.08 %	YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2030-01-31 Maturity Price : 25.00 Evaluated at bid price : 20.64 Bid-YTW : 6.89 %
RY.PR.J	FixedReset Disc	1.09 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-09-05 Maturity Price : 18.50 Evaluated at bid price : 18.50 Bid-YTW : 5.28 %
GWO.PR.T	Deemed-Retractible	1.09 %	YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2030-01-31 Maturity Price : 25.00 Evaluated at bid price : 23.10 Bid-YTW : 6.14 %
BAM.PR.X	FixedReset Disc	1.12 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-09-05 Maturity Price : 12.61 Evaluated at bid price : 12.61 Bid-YTW : 5.87 %
HSE.PR.G	FixedReset Disc	1.15 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-09-05 Maturity Price : 17.55 Evaluated at bid price : 17.55 Bid-YTW : 6.66 %
HSE.PR.E	FixedReset Disc	1.16 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-09-05 Maturity Price : 17.50 Evaluated at bid price : 17.50 Bid-YTW : 6.74 %
SLF.PR.A	Deemed-Retractible	1.17 %	YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2030-01-31 Maturity Price : 25.00 Evaluated at bid price : 21.70 Bid-YTW : 6.51 %
MFC.PR.F	FixedReset Ins Non	1.21 %	YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2030-01-31 Maturity Price : 25.00 Evaluated at bid price : 12.50 Bid-YTW : 10.49 %
MFC.PR.R	FixedReset Ins Non	1.24 %	YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2030-01-31 Maturity Price : 25.00 Evaluated at bid price : 23.74 Bid-YTW : 5.59 %
TRP.PR.D	FixedReset Disc	1.25 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-09-05 Maturity Price : 16.20 Evaluated at bid price : 16.20 Bid-YTW : 5.67 %
TD.PF.L	FixedReset Disc	1.26 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-09-05 Maturity Price : 22.82 Evaluated at bid price : 24.05 Bid-YTW : 4.77 %
PWF.PR.P	FixedReset Disc	1.28 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-09-05 Maturity Price : 12.66 Evaluated at bid price : 12.66 Bid-YTW : 5.41 %
NA.PR.G	FixedReset Disc	1.29 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-09-05 Maturity Price : 19.59 Evaluated at bid price : 19.59 Bid-YTW : 5.36 %
TRP.PR.C	FixedReset Disc	1.33 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-09-05 Maturity Price : 11.40 Evaluated at bid price : 11.40 Bid-YTW : 5.88 %
BMO.PR.C	FixedReset Disc	1.37 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-09-05 Maturity Price : 21.44 Evaluated at bid price : 21.44 Bid-YTW : 5.26 %
CM.PR.R	FixedReset Disc	1.41 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-09-05 Maturity Price : 20.90 Evaluated at bid price : 20.90 Bid-YTW : 5.45 %
BAM.PF.I	FixedReset Disc	1.43 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-09-05 Maturity Price : 23.42 Evaluated at bid price : 24.90 Bid-YTW : 4.98 %
GWO.PR.S	Deemed-Retractible	1.44 %	YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2030-01-31 Maturity Price : 25.00 Evaluated at bid price : 23.89 Bid-YTW : 5.82 %
BMO.PR.S	FixedReset Disc	1.47 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-09-05 Maturity Price : 17.91 Evaluated at bid price : 17.91 Bid-YTW : 5.02 %
CM.PR.T	FixedReset Disc	1.49 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-09-05 Maturity Price : 22.73 Evaluated at bid price : 23.85 Bid-YTW : 4.87 %
CU.PR.C	FixedReset Disc	1.49 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-09-05 Maturity Price : 17.00 Evaluated at bid price : 17.00 Bid-YTW : 5.21 %
MFC.PR.H	FixedReset Ins Non	1.58 %	YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2030-01-31 Maturity Price : 25.00 Evaluated at bid price : 20.56 Bid-YTW : 6.69 %
BAM.PF.B	FixedReset Disc	1.59 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-09-05 Maturity Price : 17.25 Evaluated at bid price : 17.25 Bid-YTW : 5.86 %
BIP.PR.E	FixedReset Disc	1.59 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-09-05 Maturity Price : 21.38 Evaluated at bid price : 21.70 Bid-YTW : 5.76 %
MFC.PR.G	FixedReset Ins Non	1.62 %	YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2030-01-31 Maturity Price : 25.00 Evaluated at bid price : 18.20 Bid-YTW : 7.90 %
BMO.PR.Y	FixedReset Disc	1.63 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-09-05 Maturity Price : 18.70 Evaluated at bid price : 18.70 Bid-YTW : 5.19 %
HSE.PR.C	FixedReset Disc	1.69 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-09-05 Maturity Price : 16.28 Evaluated at bid price : 16.28 Bid-YTW : 6.58 %
TD.PF.H	FixedReset Disc	1.71 %	YTW SCENARIO Maturity Type : Call Maturity Date : 2021-10-31 Maturity Price : 25.00 Evaluated at bid price : 25.03 Bid-YTW : 5.05 %
IFC.PR.C	FixedReset Ins Non	1.73 %	YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2030-01-31 Maturity Price : 25.00 Evaluated at bid price : 17.66 Bid-YTW : 8.02 %
RY.PR.S	FixedReset Disc	1.73 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-09-05 Maturity Price : 19.96 Evaluated at bid price : 19.96 Bid-YTW : 4.83 %
TD.PF.K	FixedReset Disc	1.74 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-09-05 Maturity Price : 19.85 Evaluated at bid price : 19.85 Bid-YTW : 5.06 %
BIP.PR.A	FixedReset Disc	1.74 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-09-05 Maturity Price : 17.50 Evaluated at bid price : 17.50 Bid-YTW : 6.72 %
BAM.PF.F	FixedReset Disc	1.91 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-09-05 Maturity Price : 17.09 Evaluated at bid price : 17.09 Bid-YTW : 5.97 %
NA.PR.E	FixedReset Disc	1.96 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-09-05 Maturity Price : 18.76 Evaluated at bid price : 18.76 Bid-YTW : 5.26 %
BMO.PR.T	FixedReset Disc	1.96 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-09-05 Maturity Price : 17.15 Evaluated at bid price : 17.15 Bid-YTW : 5.06 %
TD.PF.E	FixedReset Disc	2.00 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-09-05 Maturity Price : 18.87 Evaluated at bid price : 18.87 Bid-YTW : 5.35 %
MFC.PR.Q	FixedReset Ins Non	2.03 %	YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2030-01-31 Maturity Price : 25.00 Evaluated at bid price : 18.64 Bid-YTW : 7.76 %
CU.PR.H	Perpetual-Discount	2.08 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-09-05 Maturity Price : 24.03 Evaluated at bid price : 24.50 Bid-YTW : 5.37 %
TD.PF.B	FixedReset Disc	2.15 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-09-05 Maturity Price : 17.55 Evaluated at bid price : 17.55 Bid-YTW : 5.02 %
NA.PR.S	FixedReset Disc	2.18 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-09-05 Maturity Price : 17.32 Evaluated at bid price : 17.32 Bid-YTW : 5.35 %
RY.PR.M	FixedReset Disc	2.21 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-09-05 Maturity Price : 18.05 Evaluated at bid price : 18.05 Bid-YTW : 5.24 %
BAM.PR.R	FixedReset Disc	2.29 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-09-05 Maturity Price : 14.76 Evaluated at bid price : 14.76 Bid-YTW : 5.86 %
CM.PR.Q	FixedReset Disc	2.31 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-09-05 Maturity Price : 18.19 Evaluated at bid price : 18.19 Bid-YTW : 5.44 %
HSE.PR.A	FixedReset Disc	2.32 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-09-05 Maturity Price : 11.46 Evaluated at bid price : 11.46 Bid-YTW : 6.17 %
CM.PR.P	FixedReset Disc	2.36 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-09-05 Maturity Price : 16.07 Evaluated at bid price : 16.07 Bid-YTW : 5.35 %
BNS.PR.I	FixedReset Disc	2.37 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-09-05 Maturity Price : 20.28 Evaluated at bid price : 20.28 Bid-YTW : 4.85 %
TD.PF.C	FixedReset Disc	2.40 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-09-05 Maturity Price : 16.64 Evaluated at bid price : 16.64 Bid-YTW : 5.17 %
IFC.PR.A	FixedReset Ins Non	2.45 %	YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2030-01-31 Maturity Price : 25.00 Evaluated at bid price : 14.65 Bid-YTW : 9.60 %
BAM.PF.G	FixedReset Disc	2.59 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-09-05 Maturity Price : 17.40 Evaluated at bid price : 17.40 Bid-YTW : 5.87 %
TD.PF.D	FixedReset Disc	2.63 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-09-05 Maturity Price : 18.72 Evaluated at bid price : 18.72 Bid-YTW : 5.29 %
IFC.PR.G	FixedReset Ins Non	2.67 %	YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2030-01-31 Maturity Price : 25.00 Evaluated at bid price : 19.20 Bid-YTW : 7.66 %
NA.PR.W	FixedReset Disc	2.73 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-09-05 Maturity Price : 15.80 Evaluated at bid price : 15.80 Bid-YTW : 5.43 %
CM.PR.S	FixedReset Disc	2.98 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-09-05 Maturity Price : 18.33 Evaluated at bid price : 18.33 Bid-YTW : 5.23 %
RY.PR.Z	FixedReset Disc	3.04 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-09-05 Maturity Price : 17.65 Evaluated at bid price : 17.65 Bid-YTW : 4.91 %
TRP.PR.F	FloatingReset	3.06 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-09-05 Maturity Price : 12.79 Evaluated at bid price : 12.79 Bid-YTW : 6.93 %
TRP.PR.B	FixedReset Disc	3.15 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-09-05 Maturity Price : 10.80 Evaluated at bid price : 10.80 Bid-YTW : 5.59 %
BAM.PR.C	Floater	3.19 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-09-05 Maturity Price : 10.68 Evaluated at bid price : 10.68 Bid-YTW : 6.60 %
BAM.PF.E	FixedReset Disc	3.23 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-09-05 Maturity Price : 16.00 Evaluated at bid price : 16.00 Bid-YTW : 5.94 %
TRP.PR.E	FixedReset Disc	3.25 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-09-05 Maturity Price : 15.25 Evaluated at bid price : 15.25 Bid-YTW : 5.80 %
PWF.PR.A	Floater	3.26 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-09-05 Maturity Price : 10.77 Evaluated at bid price : 10.77 Bid-YTW : 6.49 %
BAM.PR.Z	FixedReset Disc	3.28 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-09-05 Maturity Price : 18.25 Evaluated at bid price : 18.25 Bid-YTW : 5.91 %
RY.PR.H	FixedReset Disc	3.47 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-09-05 Maturity Price : 17.60 Evaluated at bid price : 17.60 Bid-YTW : 4.97 %
TRP.PR.A	FixedReset Disc	3.59 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-09-05 Maturity Price : 13.00 Evaluated at bid price : 13.00 Bid-YTW : 5.91 %
TRP.PR.G	FixedReset Disc	3.69 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-09-05 Maturity Price : 17.44 Evaluated at bid price : 17.44 Bid-YTW : 5.90 %
BAM.PR.T	FixedReset Disc	4.67 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-09-05 Maturity Price : 14.78 Evaluated at bid price : 14.78 Bid-YTW : 5.96 %

Volume Highlights
Issue	Index	Shares Traded	Notes
BAM.PF.J	FixedReset Disc	102,500	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-09-05 Maturity Price : 22.79 Evaluated at bid price : 23.70 Bid-YTW : 5.04 %
MFC.PR.Q	FixedReset Ins Non	63,617	YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2030-01-31 Maturity Price : 25.00 Evaluated at bid price : 18.64 Bid-YTW : 7.76 %
BMO.PR.D	FixedReset Disc	61,300	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-09-05 Maturity Price : 21.06 Evaluated at bid price : 21.06 Bid-YTW : 5.18 %
TRP.PR.J	FixedReset Prem	48,800	YTW SCENARIO Maturity Type : Call Maturity Date : 2021-05-31 Maturity Price : 25.00 Evaluated at bid price : 25.61 Bid-YTW : 4.10 %
BNS.PR.H	FixedReset Disc	48,287	YTW SCENARIO Maturity Type : Call Maturity Date : 2022-01-26 Maturity Price : 25.00 Evaluated at bid price : 25.05 Bid-YTW : 5.02 %
MFC.PR.G	FixedReset Ins Non	44,895	YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2030-01-31 Maturity Price : 25.00 Evaluated at bid price : 18.20 Bid-YTW : 7.90 %
There were 38 other index-included issues trading in excess of 10,000 shares.

Wide Spread Highlights
Issue	Index	Quote Data and Yield Notes
GWO.PR.N	FixedReset Ins Non	Quote: 13.72 – 14.30 Spot Rate : 0.5800 Average : 0.3877 YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2030-01-31 Maturity Price : 25.00 Evaluated at bid price : 13.72 Bid-YTW : 9.24 %
BMO.PR.E	FixedReset Disc	Quote: 19.87 – 20.48 Spot Rate : 0.6100 Average : 0.4230 YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-09-05 Maturity Price : 19.87 Evaluated at bid price : 19.87 Bid-YTW : 5.15 %
GWO.PR.M	Deemed-Retractible	Quote: 25.50 – 26.14 Spot Rate : 0.6400 Average : 0.4816 YTW SCENARIO Maturity Type : Call Maturity Date : 2019-10-05 Maturity Price : 25.00 Evaluated at bid price : 25.50 Bid-YTW : -21.85 %
EMA.PR.F	FixedReset Disc	Quote: 16.14 – 16.80 Spot Rate : 0.6600 Average : 0.5194 YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-09-05 Maturity Price : 16.14 Evaluated at bid price : 16.14 Bid-YTW : 5.91 %
PWF.PR.P	FixedReset Disc	Quote: 12.66 – 13.19 Spot Rate : 0.5300 Average : 0.3990 YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-09-05 Maturity Price : 12.66 Evaluated at bid price : 12.66 Bid-YTW : 5.41 %
TRP.PR.G	FixedReset Disc	Quote: 17.44 – 18.00 Spot Rate : 0.5600 Average : 0.4470 YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-09-05 Maturity Price : 17.44 Evaluated at bid price : 17.44 Bid-YTW : 5.90 %

This entry was posted on Thursday, September 5th, 2019 at 6:40 pm and is filed under Market Action. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.