It was a decent day in the Canadian preferred share market today, presumably due to speculators buying the coronavirus dip:
U.S. stocks rebounded from the biggest one-day selloff in nearly four months, as investor concerns over the impact of the coronavirus outbreak in China seemed to recede for now.
| 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 | 1.5665 % | 2,094.1 |
| FixedFloater | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 1.5665 % | 3,842.6 |
| Floater | 5.84 % | 5.98 % | 48,817 | 13.90 | 4 | 1.5665 % | 2,214.5 |
| OpRet | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.0715 % | 3,459.8 |
| SplitShare | 4.76 % | 4.22 % | 35,903 | 3.71 | 6 | 0.0715 % | 4,131.8 |
| Interest-Bearing | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.0715 % | 3,223.8 |
| Perpetual-Premium | 5.58 % | 0.33 % | 59,503 | 0.09 | 11 | -0.0036 % | 3,061.1 |
| Perpetual-Discount | 5.24 % | 5.31 % | 68,258 | 14.90 | 24 | 0.1808 % | 3,318.8 |
| FixedReset Disc | 5.47 % | 5.37 % | 197,176 | 14.86 | 64 | 0.5466 % | 2,183.6 |
| Deemed-Retractible | 5.14 % | 5.25 % | 69,156 | 14.86 | 27 | -0.0652 % | 3,253.4 |
| FloatingReset | 6.01 % | 5.93 % | 68,345 | 14.00 | 3 | 0.6636 % | 2,538.2 |
| FixedReset Prem | 5.08 % | 3.66 % | 128,697 | 1.49 | 22 | 0.1939 % | 2,652.6 |
| FixedReset Bank Non | 1.94 % | 3.73 % | 66,477 | 1.95 | 3 | -0.0136 % | 2,737.4 |
| FixedReset Ins Non | 5.32 % | 5.34 % | 124,186 | 14.83 | 22 | 0.5776 % | 2,203.9 |
| Performance Highlights | |||
| Issue | Index | Change | Notes |
| BAM.PF.B | FixedReset Disc | -1.12 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-01-28 Maturity Price : 18.59 Evaluated at bid price : 18.59 Bid-YTW : 5.55 % |
| PWF.PR.K | Perpetual-Discount | -1.07 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-01-28 Maturity Price : 22.82 Evaluated at bid price : 23.10 Bid-YTW : 5.37 % |
| TD.PF.E | FixedReset Disc | 1.02 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-01-28 Maturity Price : 19.73 Evaluated at bid price : 19.73 Bid-YTW : 5.33 % |
| IAF.PR.G | FixedReset Ins Non | 1.05 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-01-28 Maturity Price : 19.27 Evaluated at bid price : 19.27 Bid-YTW : 5.41 % |
| TD.PF.I | FixedReset Disc | 1.05 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-01-28 Maturity Price : 21.10 Evaluated at bid price : 21.10 Bid-YTW : 5.20 % |
| BNS.PR.I | FixedReset Disc | 1.10 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-01-28 Maturity Price : 20.26 Evaluated at bid price : 20.26 Bid-YTW : 4.96 % |
| BAM.PR.X | FixedReset Disc | 1.10 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-01-28 Maturity Price : 13.73 Evaluated at bid price : 13.73 Bid-YTW : 5.66 % |
| TRP.PR.G | FixedReset Disc | 1.14 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-01-28 Maturity Price : 18.71 Evaluated at bid price : 18.71 Bid-YTW : 5.80 % |
| BAM.PR.M | Perpetual-Discount | 1.14 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-01-28 Maturity Price : 21.86 Evaluated at bid price : 22.10 Bid-YTW : 5.42 % |
| BAM.PR.K | Floater | 1.21 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-01-28 Maturity Price : 11.69 Evaluated at bid price : 11.69 Bid-YTW : 5.98 % |
| TRP.PR.D | FixedReset Disc | 1.28 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-01-28 Maturity Price : 16.65 Evaluated at bid price : 16.65 Bid-YTW : 5.68 % |
| BMO.PR.T | FixedReset Disc | 1.28 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-01-28 Maturity Price : 17.42 Evaluated at bid price : 17.42 Bid-YTW : 5.24 % |
| RY.PR.M | FixedReset Disc | 1.29 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-01-28 Maturity Price : 18.88 Evaluated at bid price : 18.88 Bid-YTW : 5.22 % |
| HSE.PR.C | FixedReset Disc | 1.33 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-01-28 Maturity Price : 17.55 Evaluated at bid price : 17.55 Bid-YTW : 6.54 % |
| BMO.PR.S | FixedReset Disc | 1.56 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-01-28 Maturity Price : 18.18 Evaluated at bid price : 18.18 Bid-YTW : 5.19 % |
| TRP.PR.C | FixedReset Disc | 1.58 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-01-28 Maturity Price : 12.25 Evaluated at bid price : 12.25 Bid-YTW : 5.83 % |
| SLF.PR.G | FixedReset Ins Non | 1.72 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-01-28 Maturity Price : 13.04 Evaluated at bid price : 13.04 Bid-YTW : 5.30 % |
| TRP.PR.F | FloatingReset | 1.72 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-01-28 Maturity Price : 14.19 Evaluated at bid price : 14.19 Bid-YTW : 6.35 % |
| TRP.PR.A | FixedReset Disc | 1.76 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-01-28 Maturity Price : 14.46 Evaluated at bid price : 14.46 Bid-YTW : 5.81 % |
| IFC.PR.C | FixedReset Ins Non | 1.77 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-01-28 Maturity Price : 18.42 Evaluated at bid price : 18.42 Bid-YTW : 5.39 % |
| PWF.PR.A | Floater | 1.96 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-01-28 Maturity Price : 12.50 Evaluated at bid price : 12.50 Bid-YTW : 5.54 % |
| TRP.PR.E | FixedReset Disc | 2.12 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-01-28 Maturity Price : 16.36 Evaluated at bid price : 16.36 Bid-YTW : 5.70 % |
| BAM.PR.B | Floater | 2.21 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-01-28 Maturity Price : 11.55 Evaluated at bid price : 11.55 Bid-YTW : 6.06 % |
| Volume Highlights | |||
| Issue | Index | Shares Traded |
Notes |
| BNS.PR.G | FixedReset Prem | 185,375 | YTW SCENARIO Maturity Type : Call Maturity Date : 2021-07-25 Maturity Price : 25.00 Evaluated at bid price : 25.90 Bid-YTW : 3.05 % |
| RY.PR.Z | FixedReset Disc | 80,893 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-01-28 Maturity Price : 17.70 Evaluated at bid price : 17.70 Bid-YTW : 5.06 % |
| RY.PR.R | FixedReset Prem | 54,370 | YTW SCENARIO Maturity Type : Call Maturity Date : 2021-08-24 Maturity Price : 25.00 Evaluated at bid price : 25.88 Bid-YTW : 2.96 % |
| NA.PR.A | FixedReset Prem | 43,394 | YTW SCENARIO Maturity Type : Call Maturity Date : 2021-08-15 Maturity Price : 25.00 Evaluated at bid price : 25.74 Bid-YTW : 3.28 % |
| HSE.PR.A | FixedReset Disc | 43,305 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-01-28 Maturity Price : 11.52 Evaluated at bid price : 11.52 Bid-YTW : 6.63 % |
| TD.PF.B | FixedReset Disc | 36,213 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-01-28 Maturity Price : 17.46 Evaluated at bid price : 17.46 Bid-YTW : 5.21 % |
| There were 19 other index-included issues trading in excess of 10,000 shares. | |||
| Wide Spread Highlights | ||
| Issue | Index | Quote Data and Yield Notes |
| BAM.PR.R | FixedReset Disc | Quote: 15.70 – 16.25 Spot Rate : 0.5500 Average : 0.3896 YTW SCENARIO |
| BAM.PR.Z | FixedReset Disc | Quote: 19.86 – 20.28 Spot Rate : 0.4200 Average : 0.2602 YTW SCENARIO |
| CU.PR.E | Perpetual-Discount | Quote: 23.50 – 23.91 Spot Rate : 0.4100 Average : 0.2616 YTW SCENARIO |
| EMA.PR.E | Perpetual-Discount | Quote: 21.60 – 22.00 Spot Rate : 0.4000 Average : 0.2588 YTW SCENARIO |
| GWO.PR.G | Deemed-Retractible | Quote: 24.51 – 24.87 Spot Rate : 0.3600 Average : 0.2342 YTW SCENARIO |
| BAM.PF.B | FixedReset Disc | Quote: 18.59 – 18.96 Spot Rate : 0.3700 Average : 0.2496 YTW SCENARIO |