TXPR closed at 599.96, down 0.73% on the day. Volume today was 3.07-million, by far the highest of the past 21 trading days. The day was again enlivened by late-day movement, some of it in the Extended Session:
CPD closed at 12.02, down 0.41% on the day. Volume was 51,310, slightly below the median of the past 21 trading days.
ZPR closed at 10.03 down 0.20% on the day. Volume of 94,850 was well below the median of the past 21 trading days.
Five-year Canada yields were down to 3.10% today.
| 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 | -0.2355 % | 2,440.8 |
| FixedFloater | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.2355 % | 4,681.4 |
| Floater | 6.47 % | 6.55 % | 40,219 | 13.14 | 3 | -0.2355 % | 2,697.9 |
| OpRet | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.0464 % | 3,469.0 |
| SplitShare | 4.90 % | 5.28 % | 44,912 | 3.15 | 8 | 0.0464 % | 4,142.8 |
| Interest-Bearing | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.0464 % | 3,232.4 |
| Perpetual-Premium | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.4036 % | 2,836.2 |
| Perpetual-Discount | 6.01 % | 6.09 % | 67,912 | 13.78 | 34 | -0.4036 % | 3,092.7 |
| FixedReset Disc | 4.84 % | 6.42 % | 121,709 | 13.51 | 56 | -1.0394 % | 2,433.3 |
| Insurance Straight | 5.99 % | 6.06 % | 87,236 | 13.82 | 18 | -0.2123 % | 3,002.5 |
| FloatingReset | 6.79 % | 7.05 % | 41,843 | 12.48 | 2 | 0.3201 % | 2,543.7 |
| FixedReset Prem | 5.04 % | 4.95 % | 127,825 | 3.11 | 10 | -0.2664 % | 2,585.7 |
| FixedReset Bank Non | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -1.0394 % | 2,487.4 |
| FixedReset Ins Non | 4.82 % | 6.84 % | 58,533 | 13.29 | 14 | -0.8111 % | 2,527.9 |
| Performance Highlights | |||
| Issue | Index | Change | Notes |
| NA.PR.E | FixedReset Disc | -9.41 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-07-15 Maturity Price : 20.61 Evaluated at bid price : 20.61 Bid-YTW : 6.91 % |
| BAM.PF.F | FixedReset Disc | -7.74 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-07-15 Maturity Price : 18.00 Evaluated at bid price : 18.00 Bid-YTW : 8.01 % |
| BAM.PR.T | FixedReset Disc | -7.63 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-07-15 Maturity Price : 15.50 Evaluated at bid price : 15.50 Bid-YTW : 8.02 % |
| NA.PR.W | FixedReset Disc | -6.17 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-07-15 Maturity Price : 19.00 Evaluated at bid price : 19.00 Bid-YTW : 6.78 % |
| MIC.PR.A | Perpetual-Discount | -3.75 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-07-15 Maturity Price : 20.51 Evaluated at bid price : 20.51 Bid-YTW : 6.66 % |
| FTS.PR.G | FixedReset Disc | -3.67 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-07-15 Maturity Price : 18.35 Evaluated at bid price : 18.35 Bid-YTW : 7.23 % |
| IFC.PR.G | FixedReset Ins Non | -3.33 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-07-15 Maturity Price : 20.30 Evaluated at bid price : 20.30 Bid-YTW : 7.04 % |
| MFC.PR.M | FixedReset Ins Non | -3.19 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-07-15 Maturity Price : 18.20 Evaluated at bid price : 18.20 Bid-YTW : 7.28 % |
| TRP.PR.C | FixedReset Disc | -2.34 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-07-15 Maturity Price : 12.50 Evaluated at bid price : 12.50 Bid-YTW : 8.05 % |
| NA.PR.S | FixedReset Disc | -2.22 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-07-15 Maturity Price : 20.70 Evaluated at bid price : 20.70 Bid-YTW : 6.51 % |
| BMO.PR.T | FixedReset Disc | -2.13 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-07-15 Maturity Price : 20.65 Evaluated at bid price : 20.65 Bid-YTW : 6.34 % |
| BIP.PR.A | FixedReset Disc | -2.09 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-07-15 Maturity Price : 18.75 Evaluated at bid price : 18.75 Bid-YTW : 8.26 % |
| IFC.PR.K | Perpetual-Discount | -2.08 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-07-15 Maturity Price : 21.38 Evaluated at bid price : 21.70 Bid-YTW : 6.09 % |
| TD.PF.C | FixedReset Disc | -1.99 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-07-15 Maturity Price : 20.20 Evaluated at bid price : 20.20 Bid-YTW : 6.41 % |
| NA.PR.G | FixedReset Disc | -1.89 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-07-15 Maturity Price : 22.84 Evaluated at bid price : 23.30 Bid-YTW : 6.26 % |
| SLF.PR.H | FixedReset Ins Non | -1.78 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-07-15 Maturity Price : 17.14 Evaluated at bid price : 17.14 Bid-YTW : 6.90 % |
| BAM.PF.I | FixedReset Prem | -1.68 % | YTW SCENARIO Maturity Type : Call Maturity Date : 2027-03-31 Maturity Price : 25.00 Evaluated at bid price : 25.12 Bid-YTW : 5.36 % |
| CU.PR.G | Perpetual-Discount | -1.63 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-07-15 Maturity Price : 18.72 Evaluated at bid price : 18.72 Bid-YTW : 6.11 % |
| RY.PR.M | FixedReset Disc | -1.61 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-07-15 Maturity Price : 20.76 Evaluated at bid price : 20.76 Bid-YTW : 6.34 % |
| BAM.PF.E | FixedReset Disc | -1.56 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-07-15 Maturity Price : 17.62 Evaluated at bid price : 17.62 Bid-YTW : 7.56 % |
| FTS.PR.M | FixedReset Disc | -1.55 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-07-15 Maturity Price : 19.00 Evaluated at bid price : 19.00 Bid-YTW : 7.16 % |
| FTS.PR.K | FixedReset Disc | -1.48 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-07-15 Maturity Price : 17.30 Evaluated at bid price : 17.30 Bid-YTW : 7.44 % |
| BMO.PR.E | FixedReset Disc | -1.45 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-07-15 Maturity Price : 23.29 Evaluated at bid price : 23.75 Bid-YTW : 6.13 % |
| FTS.PR.H | FixedReset Disc | -1.43 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-07-15 Maturity Price : 13.75 Evaluated at bid price : 13.75 Bid-YTW : 7.47 % |
| TRP.PR.A | FixedReset Disc | -1.40 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-07-15 Maturity Price : 15.48 Evaluated at bid price : 15.48 Bid-YTW : 7.79 % |
| SLF.PR.C | Insurance Straight | -1.35 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-07-15 Maturity Price : 18.95 Evaluated at bid price : 18.95 Bid-YTW : 5.93 % |
| BAM.PF.G | FixedReset Disc | -1.30 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-07-15 Maturity Price : 18.16 Evaluated at bid price : 18.16 Bid-YTW : 7.56 % |
| MFC.PR.B | Insurance Straight | -1.26 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-07-15 Maturity Price : 19.60 Evaluated at bid price : 19.60 Bid-YTW : 6.00 % |
| CU.PR.J | Perpetual-Discount | -1.25 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-07-15 Maturity Price : 19.80 Evaluated at bid price : 19.80 Bid-YTW : 6.09 % |
| MFC.PR.F | FixedReset Ins Non | -1.17 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-07-15 Maturity Price : 14.40 Evaluated at bid price : 14.40 Bid-YTW : 7.01 % |
| FTS.PR.F | Perpetual-Discount | -1.15 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-07-15 Maturity Price : 20.66 Evaluated at bid price : 20.66 Bid-YTW : 6.02 % |
| TRP.PR.B | FixedReset Disc | -1.13 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-07-15 Maturity Price : 12.21 Evaluated at bid price : 12.21 Bid-YTW : 7.97 % |
| MFC.PR.J | FixedReset Ins Non | -1.10 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-07-15 Maturity Price : 21.95 Evaluated at bid price : 22.50 Bid-YTW : 6.41 % |
| BMO.PR.W | FixedReset Disc | -1.04 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-07-15 Maturity Price : 20.90 Evaluated at bid price : 20.90 Bid-YTW : 6.25 % |
| IFC.PR.E | Insurance Straight | 1.08 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-07-15 Maturity Price : 21.61 Evaluated at bid price : 21.61 Bid-YTW : 6.08 % |
| RY.PR.J | FixedReset Disc | 5.47 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-07-15 Maturity Price : 21.20 Evaluated at bid price : 21.20 Bid-YTW : 6.46 % |
| Volume Highlights | |||
| Issue | Index | Shares Traded |
Notes |
| PWF.PR.T | FixedReset Disc | 219,719 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-07-15 Maturity Price : 18.63 Evaluated at bid price : 18.63 Bid-YTW : 7.27 % |
| SLF.PR.H | FixedReset Ins Non | 194,220 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-07-15 Maturity Price : 17.14 Evaluated at bid price : 17.14 Bid-YTW : 6.90 % |
| PWF.PR.O | Perpetual-Discount | 170,950 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-07-15 Maturity Price : 23.48 Evaluated at bid price : 23.75 Bid-YTW : 6.12 % |
| CU.PR.E | Perpetual-Discount | 168,229 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-07-15 Maturity Price : 20.75 Evaluated at bid price : 20.75 Bid-YTW : 6.00 % |
| IFC.PR.I | Perpetual-Discount | 164,477 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-07-15 Maturity Price : 22.30 Evaluated at bid price : 22.67 Bid-YTW : 6.00 % |
| PWF.PR.H | Perpetual-Discount | 164,263 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-07-15 Maturity Price : 23.63 Evaluated at bid price : 23.90 Bid-YTW : 6.03 % |
| BIP.PR.A | FixedReset Disc | 136,813 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-07-15 Maturity Price : 18.75 Evaluated at bid price : 18.75 Bid-YTW : 8.26 % |
| PWF.PR.E | Perpetual-Discount | 128,266 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-07-15 Maturity Price : 22.26 Evaluated at bid price : 22.53 Bid-YTW : 6.11 % |
| There were 55 other index-included issues trading in excess of 10,000 shares. | |||
| Wide Spread Highlights | ||
| Issue | Index | Quote Data and Yield Notes |
| CU.PR.E | Perpetual-Discount | Quote: 20.75 – 25.11 Spot Rate : 4.3600 Average : 2.3843 YTW SCENARIO |
| NA.PR.E | FixedReset Disc | Quote: 20.61 – 22.85 Spot Rate : 2.2400 Average : 1.2361 YTW SCENARIO |
| PWF.PR.E | Perpetual-Discount | Quote: 22.53 – 24.45 Spot Rate : 1.9200 Average : 1.1666 YTW SCENARIO |
| BAM.PF.F | FixedReset Disc | Quote: 18.00 – 19.74 Spot Rate : 1.7400 Average : 1.0202 YTW SCENARIO |
| BAM.PR.T | FixedReset Disc | Quote: 15.50 – 18.00 Spot Rate : 2.5000 Average : 1.8105 YTW SCENARIO |
| NA.PR.W | FixedReset Disc | Quote: 19.00 – 20.47 Spot Rate : 1.4700 Average : 0.9873 YTW SCENARIO |
TXPR @ 599.97?
i enjoy the Research you are publishing. Good fundamental ideas that I can use and that I would do well to remember.
TXPR @ 599.97?
Ooops! Maybe a bit of wishful thinking on my part, saying 699.96 in the original. I’ve fixed it now.
Volume and movement explained by it being TXPR quarterly rebalance on Friday.