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TXPR closed at 582.18, down 0.52% on the day. Volume today was 1.57-million, well below the median of the past thirty days.
CPD closed at 11.60, down 0.86% on the day. Volume was 81,514, about the median of the past 30 trading days.
ZPR closed at 9.16, unchanged on the day. Volume of 133,121 was well below the median of the past 30 trading days.
Five-year Canada yields were unchanged at 0.39% today.
Equities had a bad day, attributed to a familiar culprit:
A rise in coronavirus cases in the United States, new restrictions on activity in Europe and a standoff in Washington over aid for struggling businesses and out-of-work Americans left investors reeling on Monday.
The S&P 500 fell 1.9 percent in Wall Street’s worst day in over a month.
…
Shares in Europe also ended lower as more limits were introduced to try to combat a second wave of the coronavirus pandemic. In Spain, the government declared a state of emergency and imposed a nighttime curfew. In Italy, cinemas and gyms are closing and indoor dining ending at 6 p.m. In France, a six-week curfew for most of the country began on Friday.
| 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 | -0.3630 % | 1,634.0 |
| FixedFloater | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.3630 % | 2,998.3 |
| Floater | 5.21 % | 5.26 % | 39,338 | 15.05 | 3 | -0.3630 % | 1,727.9 |
| OpRet | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.0744 % | 3,532.7 |
| SplitShare | 4.80 % | 4.72 % | 52,871 | 3.54 | 8 | 0.0744 % | 4,218.8 |
| Interest-Bearing | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.0744 % | 3,291.6 |
| Perpetual-Premium | 5.31 % | 0.73 % | 90,021 | 0.09 | 17 | -0.2685 % | 3,192.0 |
| Perpetual-Discount | 5.12 % | 5.10 % | 77,583 | 15.30 | 17 | -0.5929 % | 3,593.4 |
| FixedReset Disc | 5.48 % | 4.18 % | 124,284 | 16.43 | 65 | -1.0718 % | 2,109.2 |
| Deemed-Retractible | 5.11 % | 4.93 % | 118,245 | 15.23 | 22 | -0.6623 % | 3,471.3 |
| FloatingReset | 1.97 % | 2.45 % | 47,506 | 1.25 | 3 | -0.0841 % | 1,794.2 |
| FixedReset Prem | 5.21 % | 3.31 % | 275,636 | 0.81 | 14 | -0.1041 % | 2,650.1 |
| FixedReset Bank Non | 1.94 % | 2.11 % | 141,751 | 1.24 | 2 | 0.0000 % | 2,860.0 |
| FixedReset Ins Non | 5.46 % | 4.21 % | 79,635 | 16.48 | 22 | -0.4977 % | 2,213.0 |
| Performance Highlights | |||
| Issue | Index | Change | Notes |
| RY.PR.M | FixedReset Disc | -35.42 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-10-26 Maturity Price : 11.98 Evaluated at bid price : 11.98 Bid-YTW : 6.27 % |
| MFC.PR.F | FixedReset Ins Non | -4.63 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-10-26 Maturity Price : 10.30 Evaluated at bid price : 10.30 Bid-YTW : 4.43 % |
| SLF.PR.B | Deemed-Retractible | -4.47 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-10-26 Maturity Price : 23.48 Evaluated at bid price : 23.75 Bid-YTW : 5.09 % |
| MFC.PR.N | FixedReset Ins Non | -3.20 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-10-26 Maturity Price : 17.52 Evaluated at bid price : 17.52 Bid-YTW : 4.20 % |
| CM.PR.Q | FixedReset Disc | -3.05 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-10-26 Maturity Price : 18.76 Evaluated at bid price : 18.76 Bid-YTW : 4.23 % |
| BAM.PF.J | FixedReset Disc | -2.44 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-10-26 Maturity Price : 23.12 Evaluated at bid price : 24.00 Bid-YTW : 4.95 % |
| BAM.PR.Z | FixedReset Disc | -2.27 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-10-26 Maturity Price : 16.76 Evaluated at bid price : 16.76 Bid-YTW : 5.33 % |
| BAM.PF.F | FixedReset Disc | -2.22 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-10-26 Maturity Price : 16.30 Evaluated at bid price : 16.30 Bid-YTW : 5.30 % |
| BAM.PF.G | FixedReset Disc | -2.02 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-10-26 Maturity Price : 15.50 Evaluated at bid price : 15.50 Bid-YTW : 5.27 % |
| NA.PR.W | FixedReset Disc | -2.01 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-10-26 Maturity Price : 16.54 Evaluated at bid price : 16.54 Bid-YTW : 4.39 % |
| PWF.PR.S | Perpetual-Discount | -1.98 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-10-26 Maturity Price : 23.49 Evaluated at bid price : 23.77 Bid-YTW : 5.06 % |
| NA.PR.S | FixedReset Disc | -1.74 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-10-26 Maturity Price : 17.50 Evaluated at bid price : 17.50 Bid-YTW : 4.31 % |
| TRP.PR.D | FixedReset Disc | -1.71 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-10-26 Maturity Price : 13.19 Evaluated at bid price : 13.19 Bid-YTW : 5.72 % |
| SLF.PR.H | FixedReset Ins Non | -1.63 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-10-26 Maturity Price : 15.05 Evaluated at bid price : 15.05 Bid-YTW : 4.30 % |
| SLF.PR.A | Deemed-Retractible | -1.51 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-10-26 Maturity Price : 23.89 Evaluated at bid price : 24.14 Bid-YTW : 4.96 % |
| PWF.PR.L | Perpetual-Discount | -1.40 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-10-26 Maturity Price : 24.46 Evaluated at bid price : 24.70 Bid-YTW : 5.18 % |
| BIP.PR.B | FixedReset Disc | -1.31 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-10-26 Maturity Price : 23.05 Evaluated at bid price : 24.11 Bid-YTW : 5.72 % |
| BIP.PR.F | FixedReset Disc | -1.28 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-10-26 Maturity Price : 21.96 Evaluated at bid price : 22.31 Bid-YTW : 5.76 % |
| MFC.PR.K | FixedReset Ins Non | -1.25 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-10-26 Maturity Price : 17.42 Evaluated at bid price : 17.42 Bid-YTW : 4.17 % |
| SLF.PR.E | Deemed-Retractible | -1.24 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-10-26 Maturity Price : 22.88 Evaluated at bid price : 23.15 Bid-YTW : 4.89 % |
| BNS.PR.I | FixedReset Disc | -1.23 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-10-26 Maturity Price : 20.01 Evaluated at bid price : 20.01 Bid-YTW : 3.95 % |
| SLF.PR.D | Deemed-Retractible | -1.20 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-10-26 Maturity Price : 22.71 Evaluated at bid price : 23.00 Bid-YTW : 4.87 % |
| BAM.PR.M | Perpetual-Discount | -1.19 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-10-26 Maturity Price : 22.22 Evaluated at bid price : 22.50 Bid-YTW : 5.32 % |
| TRP.PR.B | FixedReset Disc | -1.18 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-10-26 Maturity Price : 8.35 Evaluated at bid price : 8.35 Bid-YTW : 5.05 % |
| BAM.PF.A | FixedReset Disc | -1.14 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-10-26 Maturity Price : 17.35 Evaluated at bid price : 17.35 Bid-YTW : 5.22 % |
| CU.PR.D | Perpetual-Discount | -1.12 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-10-26 Maturity Price : 24.41 Evaluated at bid price : 24.67 Bid-YTW : 5.03 % |
| MFC.PR.C | Deemed-Retractible | -1.11 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-10-26 Maturity Price : 22.89 Evaluated at bid price : 23.16 Bid-YTW : 4.90 % |
| PWF.PR.F | Perpetual-Premium | -1.08 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-10-26 Maturity Price : 24.53 Evaluated at bid price : 24.78 Bid-YTW : 5.31 % |
| BAM.PR.T | FixedReset Disc | -1.03 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-10-26 Maturity Price : 13.41 Evaluated at bid price : 13.41 Bid-YTW : 5.21 % |
| GWO.PR.H | Deemed-Retractible | -1.02 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-10-26 Maturity Price : 23.91 Evaluated at bid price : 24.15 Bid-YTW : 5.06 % |
| BAM.PF.B | FixedReset Disc | 2.04 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-10-26 Maturity Price : 16.00 Evaluated at bid price : 16.00 Bid-YTW : 5.23 % |
| Volume Highlights | |||
| Issue | Index | Shares Traded |
Notes |
| TD.PF.I | FixedReset Disc | 113,425 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-10-26 Maturity Price : 22.30 Evaluated at bid price : 22.60 Bid-YTW : 3.86 % |
| RY.PR.M | FixedReset Disc | 45,059 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-10-26 Maturity Price : 11.98 Evaluated at bid price : 11.98 Bid-YTW : 6.27 % |
| NA.PR.W | FixedReset Disc | 39,694 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-10-26 Maturity Price : 16.54 Evaluated at bid price : 16.54 Bid-YTW : 4.39 % |
| BNS.PR.H | FixedReset Prem | 32,660 | YTW SCENARIO Maturity Type : Call Maturity Date : 2022-01-26 Maturity Price : 25.00 Evaluated at bid price : 25.35 Bid-YTW : 3.71 % |
| W.PR.K | FixedReset Disc | 30,100 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-10-26 Maturity Price : 23.87 Evaluated at bid price : 24.75 Bid-YTW : 5.30 % |
| TD.PF.A | FixedReset Disc | 28,208 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-10-26 Maturity Price : 17.85 Evaluated at bid price : 17.85 Bid-YTW : 3.98 % |
| There were 17 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: 11.98 – 18.65 Spot Rate : 6.6700 Average : 4.7047 YTW SCENARIO |
| IFC.PR.C | FixedReset Ins Non | Quote: 17.20 – 18.88 Spot Rate : 1.6800 Average : 1.0566 YTW SCENARIO |
| MFC.PR.F | FixedReset Ins Non | Quote: 10.30 – 11.30 Spot Rate : 1.0000 Average : 0.6413 YTW SCENARIO |
| SLF.PR.B | Deemed-Retractible | Quote: 23.75 – 24.53 Spot Rate : 0.7800 Average : 0.4586 YTW SCENARIO |
| BAM.PF.J | FixedReset Disc | Quote: 24.00 – 24.70 Spot Rate : 0.7000 Average : 0.4338 YTW SCENARIO |
| BIP.PR.B | FixedReset Disc | Quote: 24.11 – 24.75 Spot Rate : 0.6400 Average : 0.4332 YTW SCENARIO |