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TXPR closed at 531.65, down 0.54% on the day. Volume today was 738,545, the lowest of the past thirty days and far less than second-lowest June 30.
CPD closed at 10.67, up 0.19% on the day. Volume was 37,317, the lowest of the past 30 trading days and less than second-lowest June 30.
ZPR closed at 8.31, down 0.12% on the day. Volume of 539,852 was very high in the context of the past 30 trading days.
Five-year Canada yields were unchanged at 0.38% today.
Marc Jones notes in the Globe:
Canada’s main stock index gave back a small part of this week’s rally on Friday, as a record surge in COVID-19 cases in the United States raised fears of another round of lockdowns.
The United States reported more than 55,000 new COVID-19 cases on Thursday, a new daily global record for the pandemic.
The Toronto Stock Exchange’s S&P/TSX composite index closed down 0.2% at 15,596.75. With U.S. stock markets closed for a public holiday, trading volumes were lower than usual.
Coronavirus? Well, in Arizona:
As known virus cases reached above 91,000 statewide, [Governor] Mr. Ducey this week activated crisis protocols that could permit overwhelmed hospitals to deny care to patients whose age or health history make them poor candidates for recovery. When Vice President Mike Pence visited Phoenix on Wednesday, Mr. Ducey asked him to send another 500 medical workers to the state to help hospital teams depleted by exhaustion and illness.
| 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 | -1.3845 % | 1,432.2 |
| FixedFloater | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -1.3845 % | 2,628.1 |
| Floater | 5.47 % | 5.78 % | 48,474 | 14.27 | 4 | -1.3845 % | 1,514.6 |
| OpRet | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.0972 % | 3,454.3 |
| SplitShare | 4.86 % | 5.02 % | 67,077 | 3.80 | 7 | -0.0972 % | 4,125.2 |
| Interest-Bearing | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.0972 % | 3,218.6 |
| Perpetual-Premium | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.3218 % | 3,012.9 |
| Perpetual-Discount | 5.60 % | 5.78 % | 74,684 | 14.26 | 35 | -0.3218 % | 3,231.7 |
| FixedReset Disc | 6.17 % | 5.11 % | 145,345 | 15.07 | 83 | -0.0456 % | 1,841.7 |
| Deemed-Retractible | 5.33 % | 5.58 % | 90,017 | 14.37 | 27 | -0.1994 % | 3,212.0 |
| FloatingReset | 5.16 % | 5.14 % | 41,572 | 15.31 | 3 | -0.9758 % | 1,715.7 |
| FixedReset Prem | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.0456 % | 2,547.0 |
| FixedReset Bank Non | 1.98 % | 3.14 % | 121,614 | 1.54 | 2 | -0.2449 % | 2,785.6 |
| FixedReset Ins Non | 6.48 % | 5.21 % | 108,582 | 14.71 | 22 | 0.3322 % | 1,838.0 |
| Performance Highlights | |||
| Issue | Index | Change | Notes |
| BAM.PR.K | Floater | -4.93 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-07-03 Maturity Price : 7.13 Evaluated at bid price : 7.13 Bid-YTW : 6.06 % |
| RY.PR.J | FixedReset Disc | -2.85 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-07-03 Maturity Price : 16.02 Evaluated at bid price : 16.02 Bid-YTW : 4.96 % |
| BAM.PF.E | FixedReset Disc | -2.59 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-07-03 Maturity Price : 12.81 Evaluated at bid price : 12.81 Bid-YTW : 6.12 % |
| CU.PR.E | Perpetual-Discount | -2.42 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-07-03 Maturity Price : 22.18 Evaluated at bid price : 22.60 Bid-YTW : 5.46 % |
| CU.PR.H | Perpetual-Discount | -2.28 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-07-03 Maturity Price : 23.72 Evaluated at bid price : 24.00 Bid-YTW : 5.52 % |
| CM.PR.Q | FixedReset Disc | -2.04 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-07-03 Maturity Price : 14.90 Evaluated at bid price : 14.90 Bid-YTW : 5.31 % |
| BMO.PR.C | FixedReset Disc | -2.01 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-07-03 Maturity Price : 19.00 Evaluated at bid price : 19.00 Bid-YTW : 5.05 % |
| BMO.PR.B | FixedReset Disc | -1.94 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-07-03 Maturity Price : 22.34 Evaluated at bid price : 22.70 Bid-YTW : 4.96 % |
| TRP.PR.E | FixedReset Disc | -1.88 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-07-03 Maturity Price : 12.56 Evaluated at bid price : 12.56 Bid-YTW : 5.95 % |
| SLF.PR.G | FixedReset Ins Non | -1.77 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-07-03 Maturity Price : 8.90 Evaluated at bid price : 8.90 Bid-YTW : 5.03 % |
| RY.PR.M | FixedReset Disc | -1.68 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-07-03 Maturity Price : 15.79 Evaluated at bid price : 15.79 Bid-YTW : 4.81 % |
| BAM.PR.X | FixedReset Disc | -1.64 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-07-03 Maturity Price : 9.61 Evaluated at bid price : 9.61 Bid-YTW : 5.86 % |
| SLF.PR.J | FloatingReset | -1.62 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-07-03 Maturity Price : 8.52 Evaluated at bid price : 8.52 Bid-YTW : 4.78 % |
| BAM.PF.D | Perpetual-Discount | -1.61 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-07-03 Maturity Price : 21.33 Evaluated at bid price : 21.33 Bid-YTW : 5.79 % |
| HSE.PR.E | FixedReset Disc | -1.57 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-07-03 Maturity Price : 11.30 Evaluated at bid price : 11.30 Bid-YTW : 9.37 % |
| BMO.PR.D | FixedReset Disc | -1.54 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-07-03 Maturity Price : 18.50 Evaluated at bid price : 18.50 Bid-YTW : 4.99 % |
| MFC.PR.F | FixedReset Ins Non | -1.53 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-07-03 Maturity Price : 8.99 Evaluated at bid price : 8.99 Bid-YTW : 5.05 % |
| CU.PR.G | Perpetual-Discount | -1.52 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-07-03 Maturity Price : 21.40 Evaluated at bid price : 21.40 Bid-YTW : 5.32 % |
| BAM.PF.F | FixedReset Disc | -1.39 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-07-03 Maturity Price : 14.21 Evaluated at bid price : 14.21 Bid-YTW : 6.09 % |
| TRP.PR.H | FloatingReset | -1.35 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-07-03 Maturity Price : 7.30 Evaluated at bid price : 7.30 Bid-YTW : 5.14 % |
| CM.PR.R | FixedReset Disc | -1.32 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-07-03 Maturity Price : 18.68 Evaluated at bid price : 18.68 Bid-YTW : 5.14 % |
| HSE.PR.G | FixedReset Disc | -1.22 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-07-03 Maturity Price : 10.55 Evaluated at bid price : 10.55 Bid-YTW : 9.33 % |
| TRP.PR.D | FixedReset Disc | -1.09 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-07-03 Maturity Price : 12.75 Evaluated at bid price : 12.75 Bid-YTW : 5.91 % |
| CIU.PR.A | Perpetual-Discount | -1.08 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-07-03 Maturity Price : 21.00 Evaluated at bid price : 21.00 Bid-YTW : 5.55 % |
| MFC.PR.I | FixedReset Ins Non | -1.04 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-07-03 Maturity Price : 16.10 Evaluated at bid price : 16.10 Bid-YTW : 5.28 % |
| IFC.PR.I | Perpetual-Discount | -1.04 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-07-03 Maturity Price : 23.43 Evaluated at bid price : 23.75 Bid-YTW : 5.71 % |
| CM.PR.P | FixedReset Disc | 1.15 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-07-03 Maturity Price : 14.95 Evaluated at bid price : 14.95 Bid-YTW : 4.93 % |
| TD.PF.C | FixedReset Disc | 1.23 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-07-03 Maturity Price : 15.60 Evaluated at bid price : 15.60 Bid-YTW : 4.79 % |
| TRP.PR.C | FixedReset Disc | 1.30 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-07-03 Maturity Price : 8.58 Evaluated at bid price : 8.58 Bid-YTW : 5.59 % |
| NA.PR.A | FixedReset Disc | 1.34 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-07-03 Maturity Price : 23.88 Evaluated at bid price : 24.34 Bid-YTW : 5.15 % |
| NA.PR.E | FixedReset Disc | 1.36 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-07-03 Maturity Price : 16.70 Evaluated at bid price : 16.70 Bid-YTW : 4.78 % |
| BMO.PR.E | FixedReset Disc | 1.54 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-07-03 Maturity Price : 17.75 Evaluated at bid price : 17.75 Bid-YTW : 4.84 % |
| NA.PR.S | FixedReset Disc | 2.22 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-07-03 Maturity Price : 15.49 Evaluated at bid price : 15.49 Bid-YTW : 4.88 % |
| NA.PR.G | FixedReset Disc | 2.65 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-07-03 Maturity Price : 17.90 Evaluated at bid price : 17.90 Bid-YTW : 4.83 % |
| NA.PR.C | FixedReset Disc | 2.82 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-07-03 Maturity Price : 19.73 Evaluated at bid price : 19.73 Bid-YTW : 4.91 % |
| TD.PF.J | FixedReset Disc | 3.94 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-07-03 Maturity Price : 17.93 Evaluated at bid price : 17.93 Bid-YTW : 4.73 % |
| TD.PF.D | FixedReset Disc | 4.88 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-07-03 Maturity Price : 16.55 Evaluated at bid price : 16.55 Bid-YTW : 4.86 % |
| MFC.PR.Q | FixedReset Ins Non | 10.65 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-07-03 Maturity Price : 15.90 Evaluated at bid price : 15.90 Bid-YTW : 5.10 % |
| Volume Highlights | |||
| Issue | Index | Shares Traded |
Notes |
| CU.PR.G | Perpetual-Discount | 23,800 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-07-03 Maturity Price : 21.40 Evaluated at bid price : 21.40 Bid-YTW : 5.32 % |
| CU.PR.H | Perpetual-Discount | 20,200 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-07-03 Maturity Price : 23.72 Evaluated at bid price : 24.00 Bid-YTW : 5.52 % |
| IFC.PR.G | FixedReset Ins Non | 20,200 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-07-03 Maturity Price : 15.45 Evaluated at bid price : 15.45 Bid-YTW : 5.30 % |
| BNS.PR.G | FixedReset Disc | 19,095 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-07-03 Maturity Price : 23.98 Evaluated at bid price : 25.22 Bid-YTW : 5.09 % |
| NA.PR.X | FixedReset Disc | 18,357 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-07-03 Maturity Price : 24.00 Evaluated at bid price : 24.51 Bid-YTW : 5.35 % |
| POW.PR.C | Perpetual-Discount | 13,130 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-07-03 Maturity Price : 23.95 Evaluated at bid price : 24.20 Bid-YTW : 6.01 % |
| There were 5 other index-included issues trading in excess of 10,000 shares. | |||
| Wide Spread Highlights | ||
| Issue | Index | Quote Data and Yield Notes |
| CU.PR.H | Perpetual-Discount | Quote: 24.00 – 25.25 Spot Rate : 1.2500 Average : 0.7491 YTW SCENARIO |
| CU.PR.E | Perpetual-Discount | Quote: 22.60 – 23.64 Spot Rate : 1.0400 Average : 0.6142 YTW SCENARIO |
| IFC.PR.I | Perpetual-Discount | Quote: 23.75 – 24.50 Spot Rate : 0.7500 Average : 0.4452 YTW SCENARIO |
| RY.PR.E | Deemed-Retractible | Quote: 25.28 – 26.00 Spot Rate : 0.7200 Average : 0.4205 YTW SCENARIO |
| BAM.PF.E | FixedReset Disc | Quote: 12.81 – 13.49 Spot Rate : 0.6800 Average : 0.4539 YTW SCENARIO |
| EIT.PR.B | SplitShare | Quote: 25.00 – 26.00 Spot Rate : 1.0000 Average : 0.7862 YTW SCENARIO |