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TXPR closed at 599.07, down 0.61% on the day. Volume was 1.89-million, well below average in the context of the past thirty days.
CPD closed at 11.97, down 0.50% on the day. Volume of 96,361 was above the median in the context of the past 30 days.
ZPR closed at 9.56, down 0.42% on the day. Volume of 266,063 was third-highest of the past 30 days, behind only October 30 and October 2.
Five-year Canada yields were down 4bp to 1.42% 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 | -2.2346 % | 1,912.0 |
| FixedFloater | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -2.2346 % | 3,508.5 |
| Floater | 6.32 % | 6.49 % | 47,254 | 13.18 | 4 | -2.2346 % | 2,022.0 |
| OpRet | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.0507 % | 3,385.1 |
| SplitShare | 4.65 % | 4.67 % | 48,598 | 3.90 | 7 | -0.0507 % | 4,042.5 |
| Interest-Bearing | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.0507 % | 3,154.1 |
| Perpetual-Premium | 5.51 % | -19.67 % | 56,577 | 0.09 | 8 | 0.0245 % | 3,028.9 |
| Perpetual-Discount | 5.36 % | 5.44 % | 64,642 | 14.73 | 25 | 0.0006 % | 3,236.5 |
| FixedReset Disc | 5.69 % | 5.68 % | 183,746 | 14.36 | 66 | -1.3757 % | 2,066.2 |
| Deemed-Retractible | 5.20 % | 5.73 % | 63,973 | 7.81 | 27 | 0.0440 % | 3,177.3 |
| FloatingReset | 6.28 % | 6.81 % | 91,350 | 12.74 | 2 | -0.8188 % | 2,436.1 |
| FixedReset Prem | 5.14 % | 4.07 % | 157,342 | 1.65 | 20 | -0.1930 % | 2,606.0 |
| FixedReset Bank Non | 1.96 % | 4.17 % | 95,681 | 2.19 | 3 | -0.0650 % | 2,694.2 |
| FixedReset Ins Non | 5.47 % | 8.44 % | 114,804 | 7.83 | 21 | -0.9084 % | 2,111.4 |
| Performance Highlights | |||
| Issue | Index | Change | Notes |
| PWF.PR.P | FixedReset Disc | -5.43 % | A nonsensical quote provided at high cost by Nonsense Central, as the issue traded 732 shares today in a range of 12.76-18 before being quoted at 12.55-95. The closing price was 12.76, reached at 12:40pm.
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 |
| PWF.PR.A | Floater | -4.00 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-10-31 Maturity Price : 11.52 Evaluated at bid price : 11.52 Bid-YTW : 6.01 % |
| TRP.PR.B | FixedReset Disc | -3.45 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-10-31 Maturity Price : 10.90 Evaluated at bid price : 10.90 Bid-YTW : 6.23 % |
| BAM.PR.Z | FixedReset Disc | -3.34 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-10-31 Maturity Price : 18.52 Evaluated at bid price : 18.52 Bid-YTW : 6.08 % |
| NA.PR.C | FixedReset Disc | -3.01 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-10-31 Maturity Price : 20.95 Evaluated at bid price : 20.95 Bid-YTW : 5.73 % |
| HSE.PR.E | FixedReset Disc | -2.99 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-10-31 Maturity Price : 17.17 Evaluated at bid price : 17.17 Bid-YTW : 7.35 % |
| EMA.PR.F | FixedReset Disc | -2.99 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-10-31 Maturity Price : 16.12 Evaluated at bid price : 16.12 Bid-YTW : 6.30 % |
| TRP.PR.C | FixedReset Disc | -2.87 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-10-31 Maturity Price : 11.49 Evaluated at bid price : 11.49 Bid-YTW : 6.38 % |
| RY.PR.M | FixedReset Disc | -2.81 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-10-31 Maturity Price : 17.62 Evaluated at bid price : 17.62 Bid-YTW : 5.71 % |
| TRP.PR.A | FixedReset Disc | -2.62 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-10-31 Maturity Price : 13.40 Evaluated at bid price : 13.40 Bid-YTW : 6.32 % |
| TD.PF.I | FixedReset Disc | -2.60 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-10-31 Maturity Price : 20.64 Evaluated at bid price : 20.64 Bid-YTW : 5.42 % |
| BAM.PR.C | Floater | -2.57 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-10-31 Maturity Price : 10.63 Evaluated at bid price : 10.63 Bid-YTW : 6.59 % |
| CM.PR.Q | FixedReset Disc | -2.52 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-10-31 Maturity Price : 17.79 Evaluated at bid price : 17.79 Bid-YTW : 5.92 % |
| SLF.PR.H | FixedReset Ins Non | -2.48 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2030-01-31 Maturity Price : 25.00 Evaluated at bid price : 15.75 Bid-YTW : 9.12 % |
| SLF.PR.G | FixedReset Ins Non | -2.31 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2030-01-31 Maturity Price : 25.00 Evaluated at bid price : 13.13 Bid-YTW : 10.55 % |
| TD.PF.J | FixedReset Disc | -2.29 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-10-31 Maturity Price : 19.20 Evaluated at bid price : 19.20 Bid-YTW : 5.56 % |
| CM.PR.P | FixedReset Disc | -2.27 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-10-31 Maturity Price : 15.93 Evaluated at bid price : 15.93 Bid-YTW : 5.79 % |
| TRP.PR.G | FixedReset Disc | -2.25 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-10-31 Maturity Price : 17.35 Evaluated at bid price : 17.35 Bid-YTW : 6.38 % |
| TD.PF.D | FixedReset Disc | -2.16 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-10-31 Maturity Price : 18.55 Evaluated at bid price : 18.55 Bid-YTW : 5.68 % |
| TD.PF.A | FixedReset Disc | -2.01 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-10-31 Maturity Price : 16.60 Evaluated at bid price : 16.60 Bid-YTW : 5.55 % |
| RY.PR.J | FixedReset Disc | -1.98 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-10-31 Maturity Price : 18.32 Evaluated at bid price : 18.32 Bid-YTW : 5.68 % |
| IFC.PR.A | FixedReset Ins Non | -1.98 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2030-01-31 Maturity Price : 25.00 Evaluated at bid price : 14.38 Bid-YTW : 10.08 % |
| MFC.PR.F | FixedReset Ins Non | -1.95 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2030-01-31 Maturity Price : 25.00 Evaluated at bid price : 12.55 Bid-YTW : 10.98 % |
| CU.PR.C | FixedReset Disc | -1.93 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-10-31 Maturity Price : 16.75 Evaluated at bid price : 16.75 Bid-YTW : 5.70 % |
| BAM.PR.R | FixedReset Disc | -1.93 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-10-31 Maturity Price : 14.72 Evaluated at bid price : 14.72 Bid-YTW : 6.28 % |
| BAM.PR.T | FixedReset Disc | -1.92 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-10-31 Maturity Price : 14.82 Evaluated at bid price : 14.82 Bid-YTW : 6.31 % |
| BNS.PR.I | FixedReset Disc | -1.92 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-10-31 Maturity Price : 18.92 Evaluated at bid price : 18.92 Bid-YTW : 5.45 % |
| NA.PR.S | FixedReset Disc | -1.91 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-10-31 Maturity Price : 16.94 Evaluated at bid price : 16.94 Bid-YTW : 5.74 % |
| BAM.PR.X | FixedReset Disc | -1.88 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-10-31 Maturity Price : 13.08 Evaluated at bid price : 13.08 Bid-YTW : 6.08 % |
| BAM.PF.G | FixedReset Disc | -1.86 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-10-31 Maturity Price : 17.39 Evaluated at bid price : 17.39 Bid-YTW : 6.22 % |
| GWO.PR.N | FixedReset Ins Non | -1.86 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2030-01-31 Maturity Price : 25.00 Evaluated at bid price : 13.75 Bid-YTW : 9.72 % |
| PWF.PR.T | FixedReset Disc | -1.76 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-10-31 Maturity Price : 16.70 Evaluated at bid price : 16.70 Bid-YTW : 5.88 % |
| HSE.PR.G | FixedReset Disc | -1.73 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-10-31 Maturity Price : 17.04 Evaluated at bid price : 17.04 Bid-YTW : 7.34 % |
| CM.PR.R | FixedReset Disc | -1.72 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-10-31 Maturity Price : 21.12 Evaluated at bid price : 21.12 Bid-YTW : 5.64 % |
| BAM.PF.E | FixedReset Disc | -1.66 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-10-31 Maturity Price : 16.00 Evaluated at bid price : 16.00 Bid-YTW : 6.32 % |
| RY.PR.H | FixedReset Disc | -1.63 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-10-31 Maturity Price : 16.92 Evaluated at bid price : 16.92 Bid-YTW : 5.44 % |
| IAF.PR.G | FixedReset Ins Non | -1.61 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2030-01-31 Maturity Price : 25.00 Evaluated at bid price : 18.90 Bid-YTW : 7.68 % |
| RY.PR.S | FixedReset Disc | -1.61 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-10-31 Maturity Price : 19.00 Evaluated at bid price : 19.00 Bid-YTW : 5.33 % |
| TRP.PR.D | FixedReset Disc | -1.60 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-10-31 Maturity Price : 15.96 Evaluated at bid price : 15.96 Bid-YTW : 6.04 % |
| EMA.PR.E | Perpetual-Discount | -1.58 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-10-31 Maturity Price : 20.76 Evaluated at bid price : 20.76 Bid-YTW : 5.44 % |
| BAM.PR.K | Floater | -1.55 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-10-31 Maturity Price : 10.80 Evaluated at bid price : 10.80 Bid-YTW : 6.49 % |
| BMO.PR.D | FixedReset Disc | -1.51 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-10-31 Maturity Price : 20.90 Evaluated at bid price : 20.90 Bid-YTW : 5.47 % |
| TD.PF.E | FixedReset Disc | -1.50 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-10-31 Maturity Price : 19.00 Evaluated at bid price : 19.00 Bid-YTW : 5.64 % |
| IAF.PR.I | FixedReset Ins Non | -1.31 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2030-01-31 Maturity Price : 25.00 Evaluated at bid price : 19.57 Bid-YTW : 7.63 % |
| TD.PF.K | FixedReset Disc | -1.30 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-10-31 Maturity Price : 18.92 Evaluated at bid price : 18.92 Bid-YTW : 5.56 % |
| MFC.PR.J | FixedReset Ins Non | -1.30 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2030-01-31 Maturity Price : 25.00 Evaluated at bid price : 18.23 Bid-YTW : 8.44 % |
| HSE.PR.C | FixedReset Disc | -1.29 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-10-31 Maturity Price : 16.09 Evaluated at bid price : 16.09 Bid-YTW : 7.18 % |
| BAM.PF.A | FixedReset Disc | -1.28 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-10-31 Maturity Price : 19.22 Evaluated at bid price : 19.22 Bid-YTW : 5.93 % |
| TD.PF.C | FixedReset Disc | -1.24 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-10-31 Maturity Price : 16.70 Evaluated at bid price : 16.70 Bid-YTW : 5.53 % |
| BMO.PR.E | FixedReset Disc | -1.23 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-10-31 Maturity Price : 19.45 Evaluated at bid price : 19.45 Bid-YTW : 5.50 % |
| CM.PR.O | FixedReset Disc | -1.22 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-10-31 Maturity Price : 16.26 Evaluated at bid price : 16.26 Bid-YTW : 5.78 % |
| MFC.PR.K | FixedReset Ins Non | -1.13 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2030-01-31 Maturity Price : 25.00 Evaluated at bid price : 17.50 Bid-YTW : 8.57 % |
| TD.PF.B | FixedReset Disc | -1.12 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-10-31 Maturity Price : 16.80 Evaluated at bid price : 16.80 Bid-YTW : 5.52 % |
| BAM.PF.B | FixedReset Disc | -1.11 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-10-31 Maturity Price : 17.75 Evaluated at bid price : 17.75 Bid-YTW : 5.94 % |
| CM.PR.S | FixedReset Disc | -1.11 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-10-31 Maturity Price : 17.82 Evaluated at bid price : 17.82 Bid-YTW : 5.65 % |
| TD.PF.M | FixedReset Disc | -1.10 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-10-31 Maturity Price : 22.93 Evaluated at bid price : 24.32 Bid-YTW : 5.10 % |
| NA.PR.G | FixedReset Disc | -1.09 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-10-31 Maturity Price : 18.98 Evaluated at bid price : 18.98 Bid-YTW : 5.78 % |
| BMO.PR.Y | FixedReset Disc | -1.06 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-10-31 Maturity Price : 18.63 Evaluated at bid price : 18.63 Bid-YTW : 5.54 % |
| NA.PR.W | FixedReset Disc | -1.06 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-10-31 Maturity Price : 15.85 Evaluated at bid price : 15.85 Bid-YTW : 5.81 % |
| MFC.PR.N | FixedReset Ins Non | -1.04 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2030-01-31 Maturity Price : 25.00 Evaluated at bid price : 16.24 Bid-YTW : 9.18 % |
| IFC.PR.G | FixedReset Ins Non | -1.03 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2030-01-31 Maturity Price : 25.00 Evaluated at bid price : 18.25 Bid-YTW : 8.48 % |
| TD.PF.F | Perpetual-Discount | 1.02 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-10-31 Maturity Price : 24.37 Evaluated at bid price : 24.85 Bid-YTW : 4.93 % |
| Volume Highlights | |||
| Issue | Index | Shares Traded |
Notes |
| BMO.PR.F | FixedReset Disc | 52,705 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-10-31 Maturity Price : 22.87 Evaluated at bid price : 24.15 Bid-YTW : 5.08 % |
| BMO.PR.S | FixedReset Disc | 42,192 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-10-31 Maturity Price : 17.40 Evaluated at bid price : 17.40 Bid-YTW : 5.44 % |
| RY.PR.S | FixedReset Disc | 41,392 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-10-31 Maturity Price : 19.00 Evaluated at bid price : 19.00 Bid-YTW : 5.33 % |
| RY.PR.M | FixedReset Disc | 32,200 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-10-31 Maturity Price : 17.62 Evaluated at bid price : 17.62 Bid-YTW : 5.71 % |
| RY.PR.Z | FixedReset Disc | 30,276 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-10-31 Maturity Price : 16.83 Evaluated at bid price : 16.83 Bid-YTW : 5.43 % |
| CM.PR.R | FixedReset Disc | 28,784 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-10-31 Maturity Price : 21.12 Evaluated at bid price : 21.12 Bid-YTW : 5.64 % |
| There were 42 other index-included issues trading in excess of 10,000 shares. | |||
| Wide Spread Highlights | ||
| Issue | Index | Quote Data and Yield Notes |
| BAM.PR.Z | FixedReset Disc | Quote: 18.52 – 19.15 Spot Rate : 0.6300 Average : 0.4053 YTW SCENARIO |
| CU.PR.C | FixedReset Disc | Quote: 16.75 – 17.30 Spot Rate : 0.5500 Average : 0.3537 YTW SCENARIO |
| EMA.PR.E | Perpetual-Discount | Quote: 20.76 – 21.27 Spot Rate : 0.5100 Average : 0.3294 YTW SCENARIO |
| TD.PF.A | FixedReset Disc | Quote: 16.60 – 16.95 Spot Rate : 0.3500 Average : 0.2034 YTW SCENARIO |
| IFC.PR.C | FixedReset Ins Non | Quote: 17.30 – 17.72 Spot Rate : 0.4200 Average : 0.2801 YTW SCENARIO |
| PWF.PR.P | FixedReset Disc | Quote: 12.55 – 12.95 Spot Rate : 0.4000 Average : 0.2621 YTW SCENARIO |