As if negative interest rates weren’t bad enough. We now have negative oil prices:
The spot price for West Texas Intermediate plunged deep into negative pricing Monday, closing at minus US$37.63 over fears of rapidly filling storage and sinking demand.
Global demand destruction due to the COVID-19 pandemic and a supply glut that has crude lapping the top of storage tanks means futures traders are finding very few buyers for their soon-to-expire May contracts, throwing into doubt who will take actual delivery of barrels.
…
Available storage space is dropping fast at the Cushing, Oklahoma hub, where physical delivery of U.S. oil barrels bought in the futures market takes place. Four weeks ago, the storage hub was half full – now it is 69% full, according to U.S. Energy Department data. Cushing is a key hub for Canada because a lack of coastal access means the bulk of crude ends up there.
The New York Times adds:
The problem isn’t limited to the United States. Out of an estimated 6.8 billion barrels of storage in the world, nearly 60 percent is filled, according to data assembled by various energy consultancies. Storage is almost complete filled in the Caribbean and South Africa, and Angola, Brazil and Nigeria may run out of warehousing capacity within days.
And there was another rare event:
The World Bank’s pandemic bonds triggered on Friday, The Financial Times reported, unleashing roughly $133 million in aid to the poorest nations hit by the coronavirus.
The vehicles, which offered investors highly attractive yields at the risk of losing their principal payment, reached their key threshold after the exponential growth rate of coronavirus in payment-eligible nations turned positive. When the triggers were met, the bondholders’ payments were transferred to the relief pool.
Nations with coronavirus deaths and membership in the World Bank’s International Development Association can now tap most of the $196 million sum created by the bonds’ issuance.
Investors who bought the organization’s riskier Class B bonds lost all of their money, while those who purchased Class A bonds will lose 16.7 cents on the dollar, the FT reported.
The World Bank has highlighted the news release in which these bonds were touted nearly three years ago, as part of their capital-at-risk programme.
I got notice today of imminent price increases for the Exchange quotes I use … ah, well, quality costs money! So here’s today’s round-up of the action, as indicated by the quality quotes provided by the protected monopoly:
| 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 | 4.4761 % | 1,412.9 |
| FixedFloater | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 4.4761 % | 2,592.6 |
| Floater | 5.44 % | 5.54 % | 42,262 | 14.61 | 4 | 4.4761 % | 1,494.1 |
| OpRet | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.1370 % | 3,274.6 |
| SplitShare | 5.07 % | 6.29 % | 80,383 | 3.93 | 7 | -0.1370 % | 3,910.6 |
| Interest-Bearing | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.1370 % | 3,051.2 |
| Perpetual-Premium | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.8831 % | 2,800.6 |
| Perpetual-Discount | 5.98 % | 6.19 % | 90,351 | 13.65 | 35 | 0.8831 % | 3,003.9 |
| FixedReset Disc | 6.68 % | 5.63 % | 209,164 | 14.10 | 83 | 1.6625 % | 1,696.3 |
| Deemed-Retractible | 5.73 % | 6.05 % | 102,636 | 13.63 | 27 | 1.1810 % | 2,950.6 |
| FloatingReset | 3.24 % | 0.42 % | 30,898 | 0.10 | 4 | 0.4843 % | 1,653.8 |
| FixedReset Prem | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 1.6625 % | 2,346.0 |
| FixedReset Bank Non | 1.96 % | 4.52 % | 118,261 | 1.74 | 3 | 0.5820 % | 2,719.7 |
| FixedReset Ins Non | 7.14 % | 5.93 % | 136,808 | 13.51 | 22 | 2.2304 % | 1,664.3 |
| Performance Highlights | |||
| Issue | Index | Change | Notes |
| BIP.PR.E | FixedReset Disc | -4.70 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-04-20 Maturity Price : 19.05 Evaluated at bid price : 19.05 Bid-YTW : 6.64 % |
| CU.PR.F | Perpetual-Discount | -2.53 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-04-20 Maturity Price : 19.64 Evaluated at bid price : 19.64 Bid-YTW : 5.82 % |
| PWF.PR.T | FixedReset Disc | -2.31 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-04-20 Maturity Price : 12.70 Evaluated at bid price : 12.70 Bid-YTW : 6.27 % |
| PWF.PR.A | Floater | -2.16 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-04-20 Maturity Price : 8.17 Evaluated at bid price : 8.17 Bid-YTW : 5.33 % |
| TD.PF.C | FixedReset Disc | -1.65 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-04-20 Maturity Price : 13.70 Evaluated at bid price : 13.70 Bid-YTW : 5.57 % |
| PVS.PR.H | SplitShare | -1.63 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2027-02-28 Maturity Price : 25.00 Evaluated at bid price : 23.51 Bid-YTW : 5.90 % |
| RY.PR.J | FixedReset Disc | -1.32 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-04-20 Maturity Price : 15.00 Evaluated at bid price : 15.00 Bid-YTW : 5.41 % |
| RY.PR.N | Perpetual-Discount | -1.23 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-04-20 Maturity Price : 22.07 Evaluated at bid price : 22.42 Bid-YTW : 5.54 % |
| CU.PR.G | Perpetual-Discount | -1.07 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-04-20 Maturity Price : 19.50 Evaluated at bid price : 19.50 Bid-YTW : 5.87 % |
| BMO.PR.Y | FixedReset Disc | 1.01 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-04-20 Maturity Price : 14.00 Evaluated at bid price : 14.00 Bid-YTW : 5.77 % |
| MFC.PR.M | FixedReset Ins Non | 1.01 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-04-20 Maturity Price : 12.95 Evaluated at bid price : 12.95 Bid-YTW : 6.05 % |
| NA.PR.A | FixedReset Disc | 1.03 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-04-20 Maturity Price : 21.97 Evaluated at bid price : 22.56 Bid-YTW : 5.66 % |
| BAM.PF.E | FixedReset Disc | 1.03 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-04-20 Maturity Price : 12.75 Evaluated at bid price : 12.75 Bid-YTW : 6.31 % |
| ELF.PR.G | Perpetual-Discount | 1.05 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-04-20 Maturity Price : 19.33 Evaluated at bid price : 19.33 Bid-YTW : 6.19 % |
| PWF.PR.K | Perpetual-Discount | 1.07 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-04-20 Maturity Price : 19.85 Evaluated at bid price : 19.85 Bid-YTW : 6.27 % |
| RY.PR.W | Perpetual-Discount | 1.11 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-04-20 Maturity Price : 22.60 Evaluated at bid price : 22.85 Bid-YTW : 5.44 % |
| PWF.PR.G | Perpetual-Discount | 1.11 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-04-20 Maturity Price : 23.43 Evaluated at bid price : 23.72 Bid-YTW : 6.24 % |
| NA.PR.C | FixedReset Disc | 1.15 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-04-20 Maturity Price : 16.69 Evaluated at bid price : 16.69 Bid-YTW : 5.96 % |
| MFC.PR.K | FixedReset Ins Non | 1.22 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-04-20 Maturity Price : 13.32 Evaluated at bid price : 13.32 Bid-YTW : 5.76 % |
| CU.PR.H | Perpetual-Discount | 1.26 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-04-20 Maturity Price : 22.18 Evaluated at bid price : 22.55 Bid-YTW : 5.90 % |
| GWO.PR.F | Deemed-Retractible | 1.27 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-04-20 Maturity Price : 23.69 Evaluated at bid price : 24.00 Bid-YTW : 6.20 % |
| BIP.PR.D | FixedReset Disc | 1.28 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-04-20 Maturity Price : 19.75 Evaluated at bid price : 19.75 Bid-YTW : 6.40 % |
| PWF.PR.S | Perpetual-Discount | 1.31 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-04-20 Maturity Price : 19.28 Evaluated at bid price : 19.28 Bid-YTW : 6.26 % |
| CM.PR.Y | FixedReset Disc | 1.33 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-04-20 Maturity Price : 20.57 Evaluated at bid price : 20.57 Bid-YTW : 5.31 % |
| CM.PR.T | FixedReset Disc | 1.33 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-04-20 Maturity Price : 18.28 Evaluated at bid price : 18.28 Bid-YTW : 5.63 % |
| GWO.PR.S | Deemed-Retractible | 1.34 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-04-20 Maturity Price : 21.11 Evaluated at bid price : 21.11 Bid-YTW : 6.29 % |
| TD.PF.L | FixedReset Disc | 1.35 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-04-20 Maturity Price : 19.56 Evaluated at bid price : 19.56 Bid-YTW : 5.21 % |
| GWO.PR.Q | Deemed-Retractible | 1.40 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-04-20 Maturity Price : 21.04 Evaluated at bid price : 21.04 Bid-YTW : 6.19 % |
| CM.PR.S | FixedReset Disc | 1.40 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-04-20 Maturity Price : 14.48 Evaluated at bid price : 14.48 Bid-YTW : 5.52 % |
| TD.PF.H | FixedReset Disc | 1.42 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-04-20 Maturity Price : 21.68 Evaluated at bid price : 22.12 Bid-YTW : 5.19 % |
| GWO.PR.I | Deemed-Retractible | 1.43 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-04-20 Maturity Price : 18.46 Evaluated at bid price : 18.46 Bid-YTW : 6.16 % |
| TRP.PR.D | FixedReset Disc | 1.46 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-04-20 Maturity Price : 12.55 Evaluated at bid price : 12.55 Bid-YTW : 6.20 % |
| TRP.PR.J | FixedReset Disc | 1.49 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-04-20 Maturity Price : 23.38 Evaluated at bid price : 23.90 Bid-YTW : 5.83 % |
| CU.PR.I | FixedReset Disc | 1.49 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-04-20 Maturity Price : 22.30 Evaluated at bid price : 23.09 Bid-YTW : 4.89 % |
| PWF.PR.P | FixedReset Disc | 1.55 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-04-20 Maturity Price : 9.17 Evaluated at bid price : 9.17 Bid-YTW : 5.66 % |
| BAM.PF.B | FixedReset Disc | 1.65 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-04-20 Maturity Price : 14.20 Evaluated at bid price : 14.20 Bid-YTW : 6.07 % |
| NA.PR.S | FixedReset Disc | 1.66 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-04-20 Maturity Price : 13.44 Evaluated at bid price : 13.44 Bid-YTW : 5.84 % |
| BAM.PF.A | FixedReset Disc | 1.75 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-04-20 Maturity Price : 15.68 Evaluated at bid price : 15.68 Bid-YTW : 5.98 % |
| BMO.PR.Q | FixedReset Bank Non | 1.76 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2022-01-31 Maturity Price : 25.00 Evaluated at bid price : 23.70 Bid-YTW : 5.01 % |
| MFC.PR.R | FixedReset Ins Non | 1.78 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-04-20 Maturity Price : 18.34 Evaluated at bid price : 18.34 Bid-YTW : 6.01 % |
| MFC.PR.I | FixedReset Ins Non | 1.78 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-04-20 Maturity Price : 14.30 Evaluated at bid price : 14.30 Bid-YTW : 6.15 % |
| POW.PR.D | Perpetual-Discount | 1.78 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-04-20 Maturity Price : 20.00 Evaluated at bid price : 20.00 Bid-YTW : 6.31 % |
| POW.PR.B | Perpetual-Discount | 1.80 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-04-20 Maturity Price : 21.50 Evaluated at bid price : 21.50 Bid-YTW : 6.28 % |
| BAM.PF.C | Perpetual-Discount | 1.80 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-04-20 Maturity Price : 19.78 Evaluated at bid price : 19.78 Bid-YTW : 6.20 % |
| SLF.PR.J | FloatingReset | 1.84 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-04-20 Maturity Price : 8.30 Evaluated at bid price : 8.30 Bid-YTW : 4.92 % |
| SLF.PR.H | FixedReset Ins Non | 1.88 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-04-20 Maturity Price : 11.36 Evaluated at bid price : 11.36 Bid-YTW : 5.87 % |
| MFC.PR.C | Deemed-Retractible | 1.93 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-04-20 Maturity Price : 18.50 Evaluated at bid price : 18.50 Bid-YTW : 6.17 % |
| PWF.PR.H | Perpetual-Discount | 1.93 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-04-20 Maturity Price : 22.93 Evaluated at bid price : 23.20 Bid-YTW : 6.22 % |
| PWF.PR.R | Perpetual-Discount | 1.94 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-04-20 Maturity Price : 21.78 Evaluated at bid price : 22.11 Bid-YTW : 6.24 % |
| CM.PR.O | FixedReset Disc | 1.95 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-04-20 Maturity Price : 13.05 Evaluated at bid price : 13.05 Bid-YTW : 5.82 % |
| PWF.PR.O | Perpetual-Discount | 1.97 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-04-20 Maturity Price : 22.98 Evaluated at bid price : 23.25 Bid-YTW : 6.26 % |
| GWO.PR.H | Deemed-Retractible | 2.00 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-04-20 Maturity Price : 19.87 Evaluated at bid price : 19.87 Bid-YTW : 6.17 % |
| BMO.PR.C | FixedReset Disc | 2.08 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-04-20 Maturity Price : 17.15 Evaluated at bid price : 17.15 Bid-YTW : 5.75 % |
| GWO.PR.R | Deemed-Retractible | 2.09 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-04-20 Maturity Price : 20.02 Evaluated at bid price : 20.02 Bid-YTW : 6.06 % |
| BAM.PR.T | FixedReset Disc | 2.11 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-04-20 Maturity Price : 11.59 Evaluated at bid price : 11.59 Bid-YTW : 6.21 % |
| TD.PF.J | FixedReset Disc | 2.20 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-04-20 Maturity Price : 16.25 Evaluated at bid price : 16.25 Bid-YTW : 5.28 % |
| POW.PR.G | Perpetual-Discount | 2.24 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-04-20 Maturity Price : 22.05 Evaluated at bid price : 22.40 Bid-YTW : 6.29 % |
| IAF.PR.G | FixedReset Ins Non | 2.31 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-04-20 Maturity Price : 13.30 Evaluated at bid price : 13.30 Bid-YTW : 6.40 % |
| W.PR.M | FixedReset Disc | 2.33 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-04-20 Maturity Price : 22.46 Evaluated at bid price : 22.86 Bid-YTW : 5.71 % |
| EML.PR.A | FixedReset Ins Non | 2.35 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-04-20 Maturity Price : 22.01 Evaluated at bid price : 22.62 Bid-YTW : 6.05 % |
| MFC.PR.H | FixedReset Ins Non | 2.37 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-04-20 Maturity Price : 15.10 Evaluated at bid price : 15.10 Bid-YTW : 6.16 % |
| GWO.PR.L | Deemed-Retractible | 2.44 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-04-20 Maturity Price : 22.78 Evaluated at bid price : 23.06 Bid-YTW : 6.18 % |
| CM.PR.P | FixedReset Disc | 2.45 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-04-20 Maturity Price : 13.40 Evaluated at bid price : 13.40 Bid-YTW : 5.71 % |
| BAM.PR.M | Perpetual-Discount | 2.51 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-04-20 Maturity Price : 19.60 Evaluated at bid price : 19.60 Bid-YTW : 6.13 % |
| BAM.PF.D | Perpetual-Discount | 2.53 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-04-20 Maturity Price : 20.25 Evaluated at bid price : 20.25 Bid-YTW : 6.12 % |
| GWO.PR.G | Deemed-Retractible | 2.58 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-04-20 Maturity Price : 21.11 Evaluated at bid price : 21.11 Bid-YTW : 6.23 % |
| POW.PR.A | Perpetual-Discount | 2.59 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-04-20 Maturity Price : 22.33 Evaluated at bid price : 22.60 Bid-YTW : 6.24 % |
| BNS.PR.H | FixedReset Disc | 2.60 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-04-20 Maturity Price : 22.14 Evaluated at bid price : 22.46 Bid-YTW : 5.19 % |
| TRP.PR.B | FixedReset Disc | 2.71 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-04-20 Maturity Price : 7.20 Evaluated at bid price : 7.20 Bid-YTW : 6.08 % |
| SLF.PR.C | Deemed-Retractible | 2.72 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-04-20 Maturity Price : 18.85 Evaluated at bid price : 18.85 Bid-YTW : 5.97 % |
| PWF.PR.I | Perpetual-Discount | 2.86 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-04-20 Maturity Price : 24.18 Evaluated at bid price : 24.44 Bid-YTW : 6.16 % |
| SLF.PR.E | Deemed-Retractible | 2.93 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-04-20 Maturity Price : 19.00 Evaluated at bid price : 19.00 Bid-YTW : 5.99 % |
| CM.PR.Q | FixedReset Disc | 2.99 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-04-20 Maturity Price : 13.77 Evaluated at bid price : 13.77 Bid-YTW : 5.93 % |
| BAM.PR.N | Perpetual-Discount | 3.00 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-04-20 Maturity Price : 19.55 Evaluated at bid price : 19.55 Bid-YTW : 6.14 % |
| NA.PR.X | FixedReset Disc | 3.00 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-04-20 Maturity Price : 23.48 Evaluated at bid price : 24.00 Bid-YTW : 5.57 % |
| CU.PR.C | FixedReset Disc | 3.10 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-04-20 Maturity Price : 14.95 Evaluated at bid price : 14.95 Bid-YTW : 4.95 % |
| SLF.PR.D | Deemed-Retractible | 3.21 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-04-20 Maturity Price : 18.95 Evaluated at bid price : 18.95 Bid-YTW : 5.94 % |
| TRP.PR.A | FixedReset Disc | 3.29 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-04-20 Maturity Price : 11.00 Evaluated at bid price : 11.00 Bid-YTW : 6.18 % |
| GWO.PR.P | Deemed-Retractible | 3.54 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-04-20 Maturity Price : 22.22 Evaluated at bid price : 22.50 Bid-YTW : 6.05 % |
| GWO.PR.N | FixedReset Ins Non | 3.71 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-04-20 Maturity Price : 8.95 Evaluated at bid price : 8.95 Bid-YTW : 4.97 % |
| MFC.PR.G | FixedReset Ins Non | 3.78 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-04-20 Maturity Price : 14.01 Evaluated at bid price : 14.01 Bid-YTW : 6.16 % |
| BNS.PR.I | FixedReset Disc | 3.84 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-04-20 Maturity Price : 17.03 Evaluated at bid price : 17.03 Bid-YTW : 4.85 % |
| SLF.PR.B | Deemed-Retractible | 3.89 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-04-20 Maturity Price : 20.54 Evaluated at bid price : 20.54 Bid-YTW : 5.91 % |
| BAM.PR.R | FixedReset Disc | 3.93 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-04-20 Maturity Price : 11.38 Evaluated at bid price : 11.38 Bid-YTW : 6.15 % |
| BMO.PR.F | FixedReset Disc | 4.19 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-04-20 Maturity Price : 20.38 Evaluated at bid price : 20.38 Bid-YTW : 5.28 % |
| NA.PR.G | FixedReset Disc | 4.33 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-04-20 Maturity Price : 16.14 Evaluated at bid price : 16.14 Bid-YTW : 5.55 % |
| MFC.PR.F | FixedReset Ins Non | 4.57 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-04-20 Maturity Price : 8.47 Evaluated at bid price : 8.47 Bid-YTW : 5.63 % |
| SLF.PR.I | FixedReset Ins Non | 4.59 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-04-20 Maturity Price : 14.12 Evaluated at bid price : 14.12 Bid-YTW : 5.80 % |
| BIK.PR.A | FixedReset Disc | 4.89 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-04-20 Maturity Price : 20.80 Evaluated at bid price : 20.80 Bid-YTW : 7.12 % |
| IFC.PR.G | FixedReset Ins Non | 5.36 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-04-20 Maturity Price : 14.75 Evaluated at bid price : 14.75 Bid-YTW : 5.77 % |
| TD.PF.K | FixedReset Disc | 5.64 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-04-20 Maturity Price : 16.12 Evaluated at bid price : 16.12 Bid-YTW : 5.31 % |
| BAM.PR.C | Floater | 6.01 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-04-20 Maturity Price : 7.76 Evaluated at bid price : 7.76 Bid-YTW : 5.58 % |
| BAM.PR.K | Floater | 6.16 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-04-20 Maturity Price : 7.76 Evaluated at bid price : 7.76 Bid-YTW : 5.58 % |
| SLF.PR.G | FixedReset Ins Non | 6.42 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-04-20 Maturity Price : 8.62 Evaluated at bid price : 8.62 Bid-YTW : 5.45 % |
| RY.PR.M | FixedReset Disc | 6.53 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-04-20 Maturity Price : 13.86 Evaluated at bid price : 13.86 Bid-YTW : 5.67 % |
| W.PR.K | FixedReset Disc | 6.58 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-04-20 Maturity Price : 21.95 Evaluated at bid price : 22.51 Bid-YTW : 5.85 % |
| HSE.PR.A | FixedReset Disc | 6.60 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-04-20 Maturity Price : 5.17 Evaluated at bid price : 5.17 Bid-YTW : 10.83 % |
| HSE.PR.G | FixedReset Disc | 7.37 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-04-20 Maturity Price : 8.60 Evaluated at bid price : 8.60 Bid-YTW : 11.78 % |
| BAM.PR.B | Floater | 8.91 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-04-20 Maturity Price : 7.82 Evaluated at bid price : 7.82 Bid-YTW : 5.54 % |
| BAM.PR.X | FixedReset Disc | 9.89 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-04-20 Maturity Price : 10.00 Evaluated at bid price : 10.00 Bid-YTW : 5.85 % |
| TRP.PR.G | FixedReset Disc | 10.63 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-04-20 Maturity Price : 13.84 Evaluated at bid price : 13.84 Bid-YTW : 6.31 % |
| HSE.PR.E | FixedReset Disc | 11.57 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-04-20 Maturity Price : 9.26 Evaluated at bid price : 9.26 Bid-YTW : 11.79 % |
| HSE.PR.C | FixedReset Disc | 12.42 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-04-20 Maturity Price : 9.05 Evaluated at bid price : 9.05 Bid-YTW : 11.36 % |
| IFC.PR.A | FixedReset Ins Non | 13.39 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-04-20 Maturity Price : 10.50 Evaluated at bid price : 10.50 Bid-YTW : 5.70 % |
| TRP.PR.C | FixedReset Disc | 15.55 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-04-20 Maturity Price : 8.10 Evaluated at bid price : 8.10 Bid-YTW : 6.21 % |
| TRP.PR.E | FixedReset Disc | 16.63 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-04-20 Maturity Price : 12.20 Evaluated at bid price : 12.20 Bid-YTW : 6.32 % |
| Volume Highlights | |||
| Issue | Index | Shares Traded |
Notes |
| BMO.PR.T | FixedReset Disc | 141,952 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-04-20 Maturity Price : 13.09 Evaluated at bid price : 13.09 Bid-YTW : 5.71 % |
| SLF.PR.H | FixedReset Ins Non | 121,498 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-04-20 Maturity Price : 11.36 Evaluated at bid price : 11.36 Bid-YTW : 5.87 % |
| TD.PF.M | FixedReset Disc | 112,758 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-04-20 Maturity Price : 20.00 Evaluated at bid price : 20.00 Bid-YTW : 5.39 % |
| BNS.PR.D | FloatingReset | 112,000 | YTW SCENARIO Maturity Type : Call Maturity Date : 2020-05-25 Maturity Price : 25.00 Evaluated at bid price : 24.99 Bid-YTW : 0.42 % |
| MFC.PR.I | FixedReset Ins Non | 87,667 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-04-20 Maturity Price : 14.30 Evaluated at bid price : 14.30 Bid-YTW : 6.15 % |
| TD.PF.G | FixedReset Disc | 71,692 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-04-20 Maturity Price : 22.67 Evaluated at bid price : 23.20 Bid-YTW : 5.53 % |
| There were 63 other index-included issues trading in excess of 10,000 shares. | |||
| Wide Spread Highlights | ||
| Issue | Index | Quote Data and Yield Notes |
| TD.PF.B | FixedReset Disc | Quote: 13.70 – 18.10 Spot Rate : 4.4000 Average : 2.4445 YTW SCENARIO |
| BAM.PF.B | FixedReset Disc | Quote: 14.20 – 16.54 Spot Rate : 2.3400 Average : 1.8537 YTW SCENARIO |
| BAM.PF.J | FixedReset Disc | Quote: 22.05 – 24.20 Spot Rate : 2.1500 Average : 1.7658 YTW SCENARIO |
| TD.PF.F | Perpetual-Discount | Quote: 22.47 – 23.74 Spot Rate : 1.2700 Average : 0.8861 YTW SCENARIO |
| BMO.PR.Z | Perpetual-Discount | Quote: 23.10 – 23.99 Spot Rate : 0.8900 Average : 0.5496 YTW SCENARIO |
| TD.PF.E | FixedReset Disc | Quote: 15.05 – 17.00 Spot Rate : 1.9500 Average : 1.6145 YTW SCENARIO |