Foldable ‘phones are coming closer!
Apple is exploring plans for a foldable version of the iPhone, according to a patent filed in the US.
The design features an innovative hinge mechanism that would prevent creasing issues similar devices have suffered from.
Movable flaps would prevent unsightly marks by keeping the device in a semi-curved state when shut.
PerpetualDiscounts now yield 5.28%, equivalent to 6.86% interest at the standard equivalency factor of 1.3x. Long corporates now yield 3.03%, so the pre-tax interest-equivalent spread (in this context, the “Seniority Spread”) has widened dramatically to 385bp from the 365bp reported January 29.
| 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 | 0.6801 % | 2,095.9 |
| FixedFloater | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.6801 % | 3,845.9 |
| Floater | 5.84 % | 5.97 % | 46,612 | 13.91 | 4 | 0.6801 % | 2,216.4 |
| OpRet | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.2138 % | 3,476.0 |
| SplitShare | 4.74 % | 3.97 % | 35,732 | 3.70 | 6 | 0.2138 % | 4,151.1 |
| Interest-Bearing | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.2138 % | 3,238.9 |
| Perpetual-Premium | 5.57 % | -0.98 % | 56,018 | 0.09 | 11 | 0.0359 % | 3,066.7 |
| Perpetual-Discount | 5.23 % | 5.28 % | 71,749 | 14.96 | 24 | 0.1765 % | 3,338.5 |
| FixedReset Disc | 5.49 % | 5.34 % | 166,051 | 14.90 | 64 | 0.2984 % | 2,184.5 |
| Deemed-Retractible | 5.11 % | 5.22 % | 72,388 | 14.93 | 27 | 0.1161 % | 3,269.5 |
| FloatingReset | 5.97 % | 5.94 % | 68,320 | 14.02 | 3 | 0.4373 % | 2,561.8 |
| FixedReset Prem | 5.07 % | 3.46 % | 132,119 | 1.46 | 22 | 0.1137 % | 2,662.5 |
| FixedReset Bank Non | 1.93 % | 3.39 % | 77,247 | 1.93 | 3 | -0.1898 % | 2,749.1 |
| FixedReset Ins Non | 5.31 % | 5.30 % | 116,895 | 14.85 | 22 | 0.5391 % | 2,210.4 |
| Performance Highlights | |||
| Issue | Index | Change | Notes |
| PWF.PR.A | Floater | -1.12 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-02-05 Maturity Price : 12.36 Evaluated at bid price : 12.36 Bid-YTW : 5.61 % |
| EMA.PR.C | FixedReset Disc | -1.09 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-02-05 Maturity Price : 18.10 Evaluated at bid price : 18.10 Bid-YTW : 5.72 % |
| GWO.PR.N | FixedReset Ins Non | -1.04 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-02-05 Maturity Price : 13.35 Evaluated at bid price : 13.35 Bid-YTW : 4.91 % |
| CU.PR.F | Perpetual-Discount | 1.06 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-02-05 Maturity Price : 21.70 Evaluated at bid price : 21.70 Bid-YTW : 5.19 % |
| BNS.PR.I | FixedReset Disc | 1.10 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-02-05 Maturity Price : 20.22 Evaluated at bid price : 20.22 Bid-YTW : 4.96 % |
| TD.PF.I | FixedReset Disc | 1.10 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-02-05 Maturity Price : 21.06 Evaluated at bid price : 21.06 Bid-YTW : 5.20 % |
| MFC.PR.H | FixedReset Ins Non | 1.20 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-02-05 Maturity Price : 21.10 Evaluated at bid price : 21.10 Bid-YTW : 5.32 % |
| TD.PF.E | FixedReset Disc | 1.39 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-02-05 Maturity Price : 19.75 Evaluated at bid price : 19.75 Bid-YTW : 5.31 % |
| MFC.PR.Q | FixedReset Ins Non | 1.44 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-02-05 Maturity Price : 19.70 Evaluated at bid price : 19.70 Bid-YTW : 5.19 % |
| BAM.PR.R | FixedReset Disc | 1.53 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-02-05 Maturity Price : 15.92 Evaluated at bid price : 15.92 Bid-YTW : 5.67 % |
| BAM.PR.K | Floater | 1.57 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-02-05 Maturity Price : 11.67 Evaluated at bid price : 11.67 Bid-YTW : 6.00 % |
| BAM.PR.B | Floater | 1.65 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-02-05 Maturity Price : 11.74 Evaluated at bid price : 11.74 Bid-YTW : 5.97 % |
| MFC.PR.I | FixedReset Ins Non | 1.65 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-02-05 Maturity Price : 19.75 Evaluated at bid price : 19.75 Bid-YTW : 5.40 % |
| CM.PR.Q | FixedReset Disc | 1.71 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-02-05 Maturity Price : 19.00 Evaluated at bid price : 19.00 Bid-YTW : 5.42 % |
| SLF.PR.H | FixedReset Ins Non | 3.37 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-02-05 Maturity Price : 16.58 Evaluated at bid price : 16.58 Bid-YTW : 5.22 % |
| Volume Highlights | |||
| Issue | Index | Shares Traded |
Notes |
| PWF.PR.K | Perpetual-Discount | 250,600 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-02-05 Maturity Price : 22.83 Evaluated at bid price : 23.11 Bid-YTW : 5.38 % |
| NA.PR.A | FixedReset Prem | 188,085 | YTW SCENARIO Maturity Type : Call Maturity Date : 2021-08-15 Maturity Price : 25.00 Evaluated at bid price : 25.67 Bid-YTW : 3.52 % |
| RY.PR.M | FixedReset Disc | 98,900 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-02-05 Maturity Price : 18.90 Evaluated at bid price : 18.90 Bid-YTW : 5.20 % |
| TD.PF.A | FixedReset Disc | 50,210 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-02-05 Maturity Price : 17.40 Evaluated at bid price : 17.40 Bid-YTW : 5.18 % |
| BAM.PF.G | FixedReset Disc | 29,348 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-02-05 Maturity Price : 18.35 Evaluated at bid price : 18.35 Bid-YTW : 5.74 % |
| HSE.PR.E | FixedReset Disc | 27,100 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-02-05 Maturity Price : 19.20 Evaluated at bid price : 19.20 Bid-YTW : 6.45 % |
| There were 21 other index-included issues trading in excess of 10,000 shares. | |||
| Wide Spread Highlights | ||
| Issue | Index | Quote Data and Yield Notes |
| BAM.PF.G | FixedReset Disc | Quote: 18.35 – 18.74 Spot Rate : 0.3900 Average : 0.2689 YTW SCENARIO |
| BMO.PR.Q | FixedReset Bank Non | Quote: 24.30 – 24.61 Spot Rate : 0.3100 Average : 0.1928 YTW SCENARIO |
| EIT.PR.A | SplitShare | Quote: 25.97 – 26.30 Spot Rate : 0.3300 Average : 0.2468 YTW SCENARIO |
| BIP.PR.E | FixedReset Disc | Quote: 22.56 – 22.79 Spot Rate : 0.2300 Average : 0.1494 YTW SCENARIO |
| HSE.PR.C | FixedReset Disc | Quote: 17.45 – 17.78 Spot Rate : 0.3300 Average : 0.2550 YTW SCENARIO |
| BMO.PR.D | FixedReset Disc | Quote: 21.48 – 21.75 Spot Rate : 0.2700 Average : 0.1975 YTW SCENARIO |