This is where trade wars get won and lost:
For the first time, China has taken the Nature Index crown as the biggest producer of high-quality research in chemistry, knocking the United States down to second place.
China’s chemistry output has grown by 17.9% since 2017, to achieve an impressive Share of 6,183.75 in 2018.
…
After taking the top spot in chemistry for three years in a row, the US fell behind China in 2018 with a Share of 5,371.32, representing a 6.2% drop from the previous year.
I mentioned my formal complaint to the Ontario Energy Board on December 27. Enbridge has responded; their response is included with my follow-up to my complaint.
| 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 | -0.1252 % | 2,112.7 |
| FixedFloater | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.1252 % | 3,876.7 |
| Floater | 5.77 % | 5.90 % | 47,076 | 14.07 | 4 | -0.1252 % | 2,234.2 |
| OpRet | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.0719 % | 3,439.6 |
| SplitShare | 4.79 % | 4.55 % | 34,331 | 3.77 | 6 | 0.0719 % | 4,107.6 |
| Interest-Bearing | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.0719 % | 3,204.9 |
| Perpetual-Premium | 5.56 % | -2.79 % | 62,133 | 0.09 | 11 | -0.0893 % | 3,047.5 |
| Perpetual-Discount | 5.27 % | 5.36 % | 68,560 | 14.81 | 24 | -0.1488 % | 3,287.5 |
| FixedReset Disc | 5.48 % | 5.65 % | 198,110 | 14.46 | 64 | -0.1642 % | 2,172.8 |
| Deemed-Retractible | 5.17 % | 5.31 % | 65,030 | 14.90 | 27 | -0.1109 % | 3,224.8 |
| FloatingReset | 5.99 % | 6.10 % | 81,027 | 13.65 | 3 | 0.0000 % | 2,556.2 |
| FixedReset Prem | 5.08 % | 3.48 % | 147,852 | 1.55 | 22 | -0.2138 % | 2,647.7 |
| FixedReset Bank Non | 1.94 % | 3.76 % | 67,746 | 2.01 | 3 | -0.3355 % | 2,730.3 |
| FixedReset Ins Non | 5.33 % | 5.59 % | 140,058 | 14.39 | 22 | -0.3402 % | 2,199.3 |
| Performance Highlights | |||
| Issue | Index | Change | Notes |
| TRP.PR.B | FixedReset Disc | -2.56 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-01-06 Maturity Price : 11.82 Evaluated at bid price : 11.82 Bid-YTW : 6.05 % |
| SLF.PR.G | FixedReset Ins Non | -2.44 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-01-06 Maturity Price : 13.22 Evaluated at bid price : 13.22 Bid-YTW : 5.66 % |
| PWF.PR.P | FixedReset Disc | -2.17 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-01-06 Maturity Price : 13.51 Evaluated at bid price : 13.51 Bid-YTW : 5.87 % |
| NA.PR.W | FixedReset Disc | -1.94 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-01-06 Maturity Price : 16.70 Evaluated at bid price : 16.70 Bid-YTW : 5.72 % |
| TRP.PR.C | FixedReset Disc | -1.65 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-01-06 Maturity Price : 12.54 Evaluated at bid price : 12.54 Bid-YTW : 6.12 % |
| HSE.PR.E | FixedReset Disc | -1.60 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-01-06 Maturity Price : 18.50 Evaluated at bid price : 18.50 Bid-YTW : 7.02 % |
| MFC.PR.L | FixedReset Ins Non | -1.50 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-01-06 Maturity Price : 17.10 Evaluated at bid price : 17.10 Bid-YTW : 5.53 % |
| TRP.PR.A | FixedReset Disc | -1.43 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-01-06 Maturity Price : 14.51 Evaluated at bid price : 14.51 Bid-YTW : 6.06 % |
| IAF.PR.G | FixedReset Ins Non | -1.42 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-01-06 Maturity Price : 18.78 Evaluated at bid price : 18.78 Bid-YTW : 5.81 % |
| PWF.PR.Q | FloatingReset | -1.30 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-01-06 Maturity Price : 13.62 Evaluated at bid price : 13.62 Bid-YTW : 6.10 % |
| POW.PR.D | Perpetual-Discount | -1.28 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-01-06 Maturity Price : 22.80 Evaluated at bid price : 23.08 Bid-YTW : 5.43 % |
| IFC.PR.G | FixedReset Ins Non | -1.27 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-01-06 Maturity Price : 18.66 Evaluated at bid price : 18.66 Bid-YTW : 5.78 % |
| BAM.PF.H | FixedReset Prem | -1.25 % | YTW SCENARIO Maturity Type : Call Maturity Date : 2020-12-31 Maturity Price : 25.00 Evaluated at bid price : 25.30 Bid-YTW : 3.84 % |
| HSE.PR.G | FixedReset Disc | -1.17 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-01-06 Maturity Price : 18.53 Evaluated at bid price : 18.53 Bid-YTW : 6.92 % |
| TRP.PR.G | FixedReset Disc | -1.16 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-01-06 Maturity Price : 18.78 Evaluated at bid price : 18.78 Bid-YTW : 6.07 % |
| MFC.PR.M | FixedReset Ins Non | -1.06 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-01-06 Maturity Price : 17.70 Evaluated at bid price : 17.70 Bid-YTW : 5.56 % |
| SLF.PR.I | FixedReset Ins Non | -1.05 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-01-06 Maturity Price : 18.90 Evaluated at bid price : 18.90 Bid-YTW : 5.66 % |
| BAM.PR.R | FixedReset Disc | -1.01 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-01-06 Maturity Price : 15.71 Evaluated at bid price : 15.71 Bid-YTW : 6.09 % |
| BAM.PR.X | FixedReset Disc | 1.03 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-01-06 Maturity Price : 13.77 Evaluated at bid price : 13.77 Bid-YTW : 5.99 % |
| TD.PF.J | FixedReset Disc | 1.10 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-01-06 Maturity Price : 20.21 Evaluated at bid price : 20.21 Bid-YTW : 5.49 % |
| BMO.PR.D | FixedReset Disc | 1.32 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-01-06 Maturity Price : 21.27 Evaluated at bid price : 21.55 Bid-YTW : 5.50 % |
| Volume Highlights | |||
| Issue | Index | Shares Traded |
Notes |
| BMO.PR.T | FixedReset Disc | 60,100 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-01-06 Maturity Price : 17.50 Evaluated at bid price : 17.50 Bid-YTW : 5.45 % |
| TRP.PR.C | FixedReset Disc | 43,316 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-01-06 Maturity Price : 12.54 Evaluated at bid price : 12.54 Bid-YTW : 6.12 % |
| BNS.PR.G | FixedReset Prem | 38,600 | YTW SCENARIO Maturity Type : Call Maturity Date : 2021-07-25 Maturity Price : 25.00 Evaluated at bid price : 25.74 Bid-YTW : 3.34 % |
| CU.PR.G | Perpetual-Discount | 31,335 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-01-06 Maturity Price : 21.56 Evaluated at bid price : 21.56 Bid-YTW : 5.29 % |
| RY.PR.Z | FixedReset Disc | 29,400 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-01-06 Maturity Price : 17.49 Evaluated at bid price : 17.49 Bid-YTW : 5.45 % |
| CU.PR.F | Perpetual-Discount | 27,360 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-01-06 Maturity Price : 21.70 Evaluated at bid price : 21.70 Bid-YTW : 5.25 % |
| There were 14 other index-included issues trading in excess of 10,000 shares. | |||
| Wide Spread Highlights | ||
| Issue | Index | Quote Data and Yield Notes |
| RY.PR.M | FixedReset Disc | Quote: 19.12 – 19.58 Spot Rate : 0.4600 Average : 0.3266 YTW SCENARIO |
| NA.PR.W | FixedReset Disc | Quote: 16.70 – 17.03 Spot Rate : 0.3300 Average : 0.2081 YTW SCENARIO |
| IAF.PR.G | FixedReset Ins Non | Quote: 18.78 – 19.24 Spot Rate : 0.4600 Average : 0.3460 YTW SCENARIO |
| MFC.PR.L | FixedReset Ins Non | Quote: 17.10 – 17.44 Spot Rate : 0.3400 Average : 0.2281 YTW SCENARIO |
| CM.PR.O | FixedReset Disc | Quote: 16.88 – 17.18 Spot Rate : 0.3000 Average : 0.1982 YTW SCENARIO |
| CU.PR.E | Perpetual-Discount | Quote: 23.32 – 23.68 Spot Rate : 0.3600 Average : 0.2630 YTW SCENARIO |