TXPR closed at 573.34, down 1.51% on the day. Volume today was 954,690, near the median of the past 21 trading days.
CPD closed at 11.35, down 1.48% on the day. Volume was 170,320, second-highest of the past 21 trading days.
ZPR closed at 9.55, down 1.75% on the day. Volume of 290,470 was second-highest of the past 21 trading days.
Five-year Canada yields were up sharply to 3.46% today.
Confidence among stock traders was also shaken by dramatic moves in the global foreign exchange market as sterling hit an all-time low on worries that the new British government’s fiscal plan released Friday threatened to stretch the country’s finances.
That added an extra layer of volatility to markets, where investors are worried about a global recession amid decades-high inflation. The CBOE Volatility index, hovered near three-month highs.
The Dow is now down 20.5% from its record high close on Jan. 4. According to a widely used definition, ending the session down 20% or more from its record high close confirms the Dow has been in a bear market since hitting its January peak.
The S&P 500 has yet to drop below its intra-day low on June 17. It is down about 23% so far in 2022.
U.S. Treasury yields hit fresh highs on Monday, rising in tandem with euro zone and British government debt yields amid concerns that central banks globally will keep tightening monetary policy to curb stubbornly high inflation.
…
Canada’s S&P/TSX Composite Index closed down 153.94 points, or 0.83%, at 18,327.04 – the lowest since March 4, 2021.The economically-sensitive energy sector was once again ground zero for a lot of the selling, losing about 3%. Oil prices fell $2 a barrel, settling at nine-month lows in choppy trade, pressured by a strengthening U.S. U.S. West Texas Intermediate crude for November delivery dropped to US$76.71, the lowest since Jan. 6.
The UK has a talent for shooting itself in the foot on a grand scale. My baptism of fire as a portfolio manager was the Exchange Rate Mechanism withdrawal of 1992; since then has come Brexit and now:
On Monday, prices for British government bonds plummeted, and yields surged, sending borrowing costs to new highs. The 10-year yield, which influences mortgages, business loans and other types of debt, hit its highest level in more than a decade. It traded at around 4.15 percent on Monday, double where it was a month and a half ago.
As traders dumped British assets, analysts have said the government’s plan to quickly grow the economy through deregulation and tax cuts, which will require tens of billions of pounds in additional borrowing at a time of rising interest rates and high inflation, was a gamble.
On Friday, Kwasi Kwarteng, who has been chancellor of the Exchequer for about three weeks in prime minister Liz Truss’s new government, announced a series of cuts to income taxes, reduced levies on home purchases and scrapped a plan to increase the corporate tax rate. There were dozens of other policy measures, which come on top of an expansive, costly plan to cap the cost of electricity and gas for households and businesses.
Despite the breadth of new measures, the government did not have the Office for Budget Responsibility, an independent watchdog, assess the polices and provide updated economic and fiscal forecasts.
Ms. Truss won the race to succeed Boris Johnson as leader of the Conservative Party, and prime minister, on Sept. 5. She ran on a free-enterprise platform that focused on lowering taxes and reducing the role of government. After a 10-day pause because of the death of the Queen on Sept. 8, Ms. Truss and Kwasi Kwarteng, the new Chancellor of the Exchequer, have come out swinging.
Last Friday, Mr. Kwarteng unveiled a mini-budget that included the biggest tax cuts in 50 years. Among the measures announced were plans to lower the top tax rate to 40 per cent from 45 per cent, scrap a planned increase in corporate tax and eliminate a cap on bonuses paid to bank executives. And over the weekend, Mr. Kwarteng signalled that the government will go even further in a coming budget.
Mr. Kwarteng and Ms. Truss said the measures would spur economic growth and free up businesses to expand. They have yet to spell out in detail how to pay for everything, but government borrowing is expected to climb by as much as £100-billion ($147-billion).
The scale of Friday’s announcement and the level of borrowing have roiled financial markets. On Friday, the pound sank 3 per cent in value against the U.S. dollar, the biggest single-day drop in two years.
Doctrinaire trickle-downism! At a time when gas prices are putting more pressure on household and government finances and nobody’s even thought about paying for the pandemic. Ridiculous.
On a lighter note, charges have been laid in an absurd stock manipulation scheme:
The Securities and Exchange Commission today charged Peter L. Coker Sr., Peter L. Coker Jr., and James T. Patten for their roles in orchestrating fraudulent manipulative securities trading schemes. These schemes included artificially inflating the share price of Hometown International, which operated a New Jersey deli producing less than $40,000 in annual revenue, from approximately $1 per share in October 2019 to nearly $14 per share by April 2021, leading to a grossly inflated market capitalization of $100 million.
According to the SEC’s complaint, Patten, Coker Sr., and Coker Jr., who was the former Chairman of the Board of Hometown International, took control of the outstanding shares of Hometown International and a separate shell company, E-Waste Corp., artificially inflated the price of both issuers’ stock through manipulative trading, and used the entities to acquire privately-held companies in reverse mergers, with the intent to thereafter dump their shares at grossly inflated prices. Before the defendants were able to reap the intended profits of the schemes, as alleged, numerous news articles were published discussing the issuers’ inflated stock prices.
| 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 | -0.6698 % | 2,422.8 |
| FixedFloater | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.6698 % | 4,646.9 |
| Floater | 7.57 % | 7.57 % | 60,552 | 11.87 | 2 | -0.6698 % | 2,678.0 |
| OpRet | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.2750 % | 3,383.7 |
| SplitShare | 5.04 % | 6.29 % | 30,026 | 3.12 | 7 | -0.2750 % | 4,040.8 |
| Interest-Bearing | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.2750 % | 3,152.8 |
| Perpetual-Premium | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -1.2027 % | 2,660.6 |
| Perpetual-Discount | 6.40 % | 6.59 % | 67,025 | 13.09 | 33 | -1.2027 % | 2,901.3 |
| FixedReset Disc | 5.11 % | 7.10 % | 93,193 | 12.71 | 54 | -1.0208 % | 2,319.5 |
| Insurance Straight | 6.41 % | 6.45 % | 79,713 | 13.27 | 19 | -1.2255 % | 2,805.0 |
| FloatingReset | 8.63 % | 8.86 % | 36,620 | 10.53 | 2 | -1.8977 % | 2,475.6 |
| FixedReset Prem | 5.36 % | 7.08 % | 105,972 | 12.51 | 9 | -1.7458 % | 2,460.3 |
| FixedReset Bank Non | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -1.0208 % | 2,371.0 |
| FixedReset Ins Non | 5.47 % | 7.62 % | 44,282 | 12.28 | 13 | -1.7467 % | 2,358.6 |
| Performance Highlights | |||
| Issue | Index | Change | Notes |
| IFC.PR.A | FixedReset Ins Non | -4.39 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-09-26 Maturity Price : 16.54 Evaluated at bid price : 16.54 Bid-YTW : 7.82 % |
| CU.PR.F | Perpetual-Discount | -3.83 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-09-26 Maturity Price : 17.31 Evaluated at bid price : 17.31 Bid-YTW : 6.59 % |
| BAM.PR.T | FixedReset Disc | -3.80 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-09-26 Maturity Price : 14.70 Evaluated at bid price : 14.70 Bid-YTW : 8.75 % |
| TD.PF.J | FixedReset Disc | -3.60 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-09-26 Maturity Price : 21.76 Evaluated at bid price : 22.20 Bid-YTW : 6.98 % |
| BAM.PR.Z | FixedReset Disc | -3.50 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-09-26 Maturity Price : 20.40 Evaluated at bid price : 20.40 Bid-YTW : 7.88 % |
| IFC.PR.E | Insurance Straight | -3.47 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-09-26 Maturity Price : 20.00 Evaluated at bid price : 20.00 Bid-YTW : 6.55 % |
| TRP.PR.C | FixedReset Disc | -3.36 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-09-26 Maturity Price : 12.35 Evaluated at bid price : 12.35 Bid-YTW : 8.70 % |
| BAM.PR.R | FixedReset Disc | -3.28 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-09-26 Maturity Price : 14.45 Evaluated at bid price : 14.45 Bid-YTW : 8.80 % |
| BMO.PR.W | FixedReset Disc | -3.20 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-09-26 Maturity Price : 19.36 Evaluated at bid price : 19.36 Bid-YTW : 7.08 % |
| PWF.PR.P | FixedReset Disc | -3.16 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-09-26 Maturity Price : 12.89 Evaluated at bid price : 12.89 Bid-YTW : 8.47 % |
| MFC.PR.K | FixedReset Ins Non | -3.12 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-09-26 Maturity Price : 18.30 Evaluated at bid price : 18.30 Bid-YTW : 7.73 % |
| TD.PF.B | FixedReset Disc | -3.06 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-09-26 Maturity Price : 19.35 Evaluated at bid price : 19.35 Bid-YTW : 7.19 % |
| SLF.PR.J | FloatingReset | -3.01 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-09-26 Maturity Price : 14.80 Evaluated at bid price : 14.80 Bid-YTW : 8.53 % |
| BNS.PR.I | FixedReset Disc | -2.97 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-09-26 Maturity Price : 21.74 Evaluated at bid price : 22.20 Bid-YTW : 6.63 % |
| PWF.PR.T | FixedReset Disc | -2.90 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-09-26 Maturity Price : 18.40 Evaluated at bid price : 18.40 Bid-YTW : 7.86 % |
| IAF.PR.I | FixedReset Ins Non | -2.84 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-09-26 Maturity Price : 21.55 Evaluated at bid price : 21.90 Bid-YTW : 7.05 % |
| FTS.PR.G | FixedReset Disc | -2.79 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-09-26 Maturity Price : 17.40 Evaluated at bid price : 17.40 Bid-YTW : 8.04 % |
| CM.PR.O | FixedReset Disc | -2.74 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-09-26 Maturity Price : 19.50 Evaluated at bid price : 19.50 Bid-YTW : 7.15 % |
| GWO.PR.L | Insurance Straight | -2.68 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-09-26 Maturity Price : 21.42 Evaluated at bid price : 21.42 Bid-YTW : 6.64 % |
| TD.PF.M | FixedReset Prem | -2.64 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-09-26 Maturity Price : 23.66 Evaluated at bid price : 24.00 Bid-YTW : 7.17 % |
| PWF.PR.S | Perpetual-Discount | -2.63 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-09-26 Maturity Price : 18.50 Evaluated at bid price : 18.50 Bid-YTW : 6.62 % |
| RY.PR.N | Perpetual-Discount | -2.63 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-09-26 Maturity Price : 22.02 Evaluated at bid price : 22.25 Bid-YTW : 5.56 % |
| CM.PR.Y | FixedReset Prem | -2.61 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-09-26 Maturity Price : 23.56 Evaluated at bid price : 23.91 Bid-YTW : 7.23 % |
| IFC.PR.F | Insurance Straight | -2.57 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-09-26 Maturity Price : 20.51 Evaluated at bid price : 20.51 Bid-YTW : 6.51 % |
| TD.PF.C | FixedReset Disc | -2.55 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-09-26 Maturity Price : 19.46 Evaluated at bid price : 19.46 Bid-YTW : 7.08 % |
| IFC.PR.G | FixedReset Ins Non | -2.52 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-09-26 Maturity Price : 19.69 Evaluated at bid price : 19.69 Bid-YTW : 7.62 % |
| BMO.PR.T | FixedReset Disc | -2.50 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-09-26 Maturity Price : 19.51 Evaluated at bid price : 19.51 Bid-YTW : 7.05 % |
| POW.PR.D | Perpetual-Discount | -2.47 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-09-26 Maturity Price : 18.93 Evaluated at bid price : 18.93 Bid-YTW : 6.63 % |
| RY.PR.O | Perpetual-Discount | -2.41 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-09-26 Maturity Price : 22.02 Evaluated at bid price : 22.25 Bid-YTW : 5.56 % |
| BAM.PF.H | FixedReset Prem | -2.38 % | YTW SCENARIO Maturity Type : Call Maturity Date : 2025-12-31 Maturity Price : 25.00 Evaluated at bid price : 23.75 Bid-YTW : 6.76 % |
| POW.PR.B | Perpetual-Discount | -2.32 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-09-26 Maturity Price : 20.25 Evaluated at bid price : 20.25 Bid-YTW : 6.63 % |
| GWO.PR.N | FixedReset Ins Non | -2.31 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-09-26 Maturity Price : 13.10 Evaluated at bid price : 13.10 Bid-YTW : 7.73 % |
| RY.PR.S | FixedReset Disc | -2.26 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-09-26 Maturity Price : 21.64 Evaluated at bid price : 22.05 Bid-YTW : 6.58 % |
| TD.PF.A | FixedReset Disc | -2.26 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-09-26 Maturity Price : 19.50 Evaluated at bid price : 19.50 Bid-YTW : 7.05 % |
| BAM.PR.N | Perpetual-Discount | -2.24 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-09-26 Maturity Price : 17.88 Evaluated at bid price : 17.88 Bid-YTW : 6.69 % |
| BMO.PR.F | FixedReset Prem | -2.24 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-09-26 Maturity Price : 23.62 Evaluated at bid price : 24.00 Bid-YTW : 7.12 % |
| FTS.PR.M | FixedReset Disc | -2.22 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-09-26 Maturity Price : 17.65 Evaluated at bid price : 17.65 Bid-YTW : 8.06 % |
| MIC.PR.A | Perpetual-Discount | -2.20 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-09-26 Maturity Price : 19.56 Evaluated at bid price : 19.56 Bid-YTW : 6.96 % |
| NA.PR.G | FixedReset Disc | -2.16 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-09-26 Maturity Price : 22.00 Evaluated at bid price : 22.60 Bid-YTW : 6.86 % |
| CM.PR.T | FixedReset Prem | -2.16 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-09-26 Maturity Price : 23.19 Evaluated at bid price : 23.60 Bid-YTW : 7.08 % |
| GWO.PR.G | Insurance Straight | -2.14 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-09-26 Maturity Price : 19.67 Evaluated at bid price : 19.67 Bid-YTW : 6.66 % |
| GWO.PR.H | Insurance Straight | -2.12 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-09-26 Maturity Price : 18.50 Evaluated at bid price : 18.50 Bid-YTW : 6.60 % |
| TD.PF.L | FixedReset Prem | -2.05 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-09-26 Maturity Price : 23.50 Evaluated at bid price : 23.90 Bid-YTW : 6.98 % |
| CU.PR.G | Perpetual-Discount | -2.05 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-09-26 Maturity Price : 17.70 Evaluated at bid price : 17.70 Bid-YTW : 6.44 % |
| BAM.PF.F | FixedReset Disc | -2.01 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-09-26 Maturity Price : 18.00 Evaluated at bid price : 18.00 Bid-YTW : 8.37 % |
| MFC.PR.Q | FixedReset Ins Non | -2.00 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-09-26 Maturity Price : 20.63 Evaluated at bid price : 20.63 Bid-YTW : 7.28 % |
| FTS.PR.K | FixedReset Disc | -1.97 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-09-26 Maturity Price : 16.91 Evaluated at bid price : 16.91 Bid-YTW : 8.02 % |
| BAM.PF.B | FixedReset Disc | -1.96 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-09-26 Maturity Price : 18.05 Evaluated at bid price : 18.05 Bid-YTW : 8.21 % |
| SLF.PR.C | Insurance Straight | -1.94 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-09-26 Maturity Price : 17.66 Evaluated at bid price : 17.66 Bid-YTW : 6.34 % |
| BMO.PR.E | FixedReset Disc | -1.94 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-09-26 Maturity Price : 22.09 Evaluated at bid price : 22.75 Bid-YTW : 6.70 % |
| GWO.PR.R | Insurance Straight | -1.93 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-09-26 Maturity Price : 18.32 Evaluated at bid price : 18.32 Bid-YTW : 6.60 % |
| RY.PR.H | FixedReset Disc | -1.89 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-09-26 Maturity Price : 19.77 Evaluated at bid price : 19.77 Bid-YTW : 6.99 % |
| BMO.PR.S | FixedReset Disc | -1.88 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-09-26 Maturity Price : 19.88 Evaluated at bid price : 19.88 Bid-YTW : 7.10 % |
| POW.PR.G | Perpetual-Discount | -1.85 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-09-26 Maturity Price : 21.25 Evaluated at bid price : 21.25 Bid-YTW : 6.62 % |
| NA.PR.W | FixedReset Disc | -1.83 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-09-26 Maturity Price : 19.35 Evaluated at bid price : 19.35 Bid-YTW : 7.09 % |
| BAM.PF.D | Perpetual-Discount | -1.74 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-09-26 Maturity Price : 18.61 Evaluated at bid price : 18.61 Bid-YTW : 6.63 % |
| BAM.PF.J | FixedReset Disc | -1.71 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-09-26 Maturity Price : 22.26 Evaluated at bid price : 23.00 Bid-YTW : 7.10 % |
| RY.PR.Z | FixedReset Disc | -1.63 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-09-26 Maturity Price : 19.87 Evaluated at bid price : 19.87 Bid-YTW : 6.95 % |
| CM.PR.P | FixedReset Disc | -1.54 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-09-26 Maturity Price : 19.80 Evaluated at bid price : 19.80 Bid-YTW : 6.92 % |
| PWF.PR.L | Perpetual-Discount | -1.50 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-09-26 Maturity Price : 19.65 Evaluated at bid price : 19.65 Bid-YTW : 6.62 % |
| MFC.PR.I | FixedReset Ins Non | -1.50 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-09-26 Maturity Price : 21.85 Evaluated at bid price : 22.30 Bid-YTW : 7.13 % |
| TRP.PR.B | FixedReset Disc | -1.50 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-09-26 Maturity Price : 11.82 Evaluated at bid price : 11.82 Bid-YTW : 8.74 % |
| NA.PR.S | FixedReset Disc | -1.48 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-09-26 Maturity Price : 20.00 Evaluated at bid price : 20.00 Bid-YTW : 7.18 % |
| MFC.PR.C | Insurance Straight | -1.44 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-09-26 Maturity Price : 17.78 Evaluated at bid price : 17.78 Bid-YTW : 6.39 % |
| MFC.PR.J | FixedReset Ins Non | -1.41 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-09-26 Maturity Price : 21.00 Evaluated at bid price : 21.00 Bid-YTW : 7.26 % |
| NA.PR.E | FixedReset Disc | -1.41 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-09-26 Maturity Price : 21.91 Evaluated at bid price : 22.43 Bid-YTW : 6.75 % |
| POW.PR.A | Perpetual-Discount | -1.40 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-09-26 Maturity Price : 21.10 Evaluated at bid price : 21.10 Bid-YTW : 6.66 % |
| RY.PR.M | FixedReset Disc | -1.38 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-09-26 Maturity Price : 19.32 Evaluated at bid price : 19.32 Bid-YTW : 7.11 % |
| BAM.PF.C | Perpetual-Discount | -1.24 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-09-26 Maturity Price : 18.26 Evaluated at bid price : 18.26 Bid-YTW : 6.69 % |
| CU.PR.J | Perpetual-Discount | -1.23 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-09-26 Maturity Price : 18.50 Evaluated at bid price : 18.50 Bid-YTW : 6.50 % |
| PWF.PR.H | Perpetual-Discount | -1.20 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-09-26 Maturity Price : 22.01 Evaluated at bid price : 22.25 Bid-YTW : 6.58 % |
| ELF.PR.H | Perpetual-Discount | -1.14 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-09-26 Maturity Price : 21.38 Evaluated at bid price : 21.65 Bid-YTW : 6.48 % |
| BIP.PR.E | FixedReset Disc | -1.13 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-09-26 Maturity Price : 21.01 Evaluated at bid price : 21.01 Bid-YTW : 7.67 % |
| PWF.PR.O | Perpetual-Discount | -1.11 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-09-26 Maturity Price : 22.01 Evaluated at bid price : 22.25 Bid-YTW : 6.64 % |
| BAM.PR.K | Floater | -1.10 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-09-26 Maturity Price : 12.53 Evaluated at bid price : 12.53 Bid-YTW : 7.66 % |
| POW.PR.C | Perpetual-Discount | -1.10 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-09-26 Maturity Price : 22.14 Evaluated at bid price : 22.42 Bid-YTW : 6.48 % |
| PWF.PR.R | Perpetual-Discount | -1.07 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-09-26 Maturity Price : 21.22 Evaluated at bid price : 21.22 Bid-YTW : 6.61 % |
| PWF.PR.E | Perpetual-Discount | -1.07 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-09-26 Maturity Price : 21.25 Evaluated at bid price : 21.25 Bid-YTW : 6.60 % |
| GWO.PR.Q | Insurance Straight | -1.05 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-09-26 Maturity Price : 19.71 Evaluated at bid price : 19.71 Bid-YTW : 6.58 % |
| PWF.PR.F | Perpetual-Discount | -1.02 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-09-26 Maturity Price : 20.30 Evaluated at bid price : 20.30 Bid-YTW : 6.59 % |
| FTS.PR.J | Perpetual-Discount | -1.02 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-09-26 Maturity Price : 19.40 Evaluated at bid price : 19.40 Bid-YTW : 6.20 % |
| BIP.PR.A | FixedReset Disc | -1.01 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-09-26 Maturity Price : 17.67 Evaluated at bid price : 17.67 Bid-YTW : 9.08 % |
| CU.PR.E | Perpetual-Discount | 2.22 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-09-26 Maturity Price : 18.91 Evaluated at bid price : 18.91 Bid-YTW : 6.56 % |
| BAM.PR.X | FixedReset Disc | 2.93 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-09-26 Maturity Price : 15.80 Evaluated at bid price : 15.80 Bid-YTW : 8.04 % |
| BIP.PR.F | FixedReset Disc | 3.00 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-09-26 Maturity Price : 20.93 Evaluated at bid price : 20.93 Bid-YTW : 7.52 % |
| IFC.PR.C | FixedReset Disc | 36.42 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-09-26 Maturity Price : 16.37 Evaluated at bid price : 16.37 Bid-YTW : 8.24 % |
| Volume Highlights | |||
| Issue | Index | Shares Traded |
Notes |
| BAM.PR.X | FixedReset Disc | 22,200 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-09-26 Maturity Price : 15.80 Evaluated at bid price : 15.80 Bid-YTW : 8.04 % |
| GWO.PR.G | Insurance Straight | 18,830 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-09-26 Maturity Price : 19.67 Evaluated at bid price : 19.67 Bid-YTW : 6.66 % |
| BMO.PR.E | FixedReset Disc | 14,585 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-09-26 Maturity Price : 22.09 Evaluated at bid price : 22.75 Bid-YTW : 6.70 % |
| TRP.PR.A | FixedReset Disc | 12,708 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-09-26 Maturity Price : 14.65 Evaluated at bid price : 14.65 Bid-YTW : 8.63 % |
| SLF.PR.E | Insurance Straight | 12,280 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-09-26 Maturity Price : 18.18 Evaluated at bid price : 18.18 Bid-YTW : 6.23 % |
| TD.PF.I | FixedReset Disc | 12,000 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-09-26 Maturity Price : 23.89 Evaluated at bid price : 24.95 Bid-YTW : 6.55 % |
| There were 6 other index-included issues trading in excess of 10,000 shares. | |||
| Wide Spread Highlights | ||
| Issue | Index | Quote Data and Yield Notes |
| CCS.PR.C | Insurance Straight | Quote: 20.49 – 23.50 Spot Rate : 3.0100 Average : 1.9282 YTW SCENARIO |
| BMO.PR.W | FixedReset Disc | Quote: 19.36 – 21.90 Spot Rate : 2.5400 Average : 1.8710 YTW SCENARIO |
| TD.PF.C | FixedReset Disc | Quote: 19.46 – 21.25 Spot Rate : 1.7900 Average : 1.2770 YTW SCENARIO |
| TD.PF.B | FixedReset Disc | Quote: 19.35 – 20.85 Spot Rate : 1.5000 Average : 1.0019 YTW SCENARIO |
| SLF.PR.H | FixedReset Ins Non | Quote: 16.38 – 18.00 Spot Rate : 1.6200 Average : 1.1370 YTW SCENARIO |
| RY.PR.J | FixedReset Disc | Quote: 20.40 – 22.14 Spot Rate : 1.7400 Average : 1.2756 YTW SCENARIO |