TXPR closed at 560.61, down 0.59% on the day. Volume today was 1.33-million, near the median of the past 21 trading days.
CPD closed at 11.175, down 0.22% on the day. Volume was 104,790, above the median of the past 21 trading days.
ZPR closed at 9.39, unchanged on the day. Volume was 98,540, fourth-lowest of the past 21 trading days.
Five-year Canada yields were down to 3.69% today.
Tomorrow is the BoC rate decision. Place yer bets, gents, place yer bets!
| 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 | 1.4141 % | 2,412.2 |
| FixedFloater | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 1.4141 % | 4,626.6 |
| Floater | 7.60 % | 7.68 % | 52,246 | 11.71 | 2 | 1.4141 % | 2,666.3 |
| OpRet | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.8848 % | 3,282.7 |
| SplitShare | 5.12 % | 7.69 % | 39,732 | 3.02 | 7 | -0.8848 % | 3,920.3 |
| Interest-Bearing | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.8848 % | 3,058.8 |
| Perpetual-Premium | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.1340 % | 2,608.7 |
| Perpetual-Discount | 6.53 % | 6.62 % | 72,422 | 13.06 | 33 | 0.1340 % | 2,844.6 |
| FixedReset Disc | 5.24 % | 7.50 % | 91,839 | 12.16 | 63 | 0.1805 % | 2,284.9 |
| Insurance Straight | 6.49 % | 6.59 % | 81,193 | 13.06 | 19 | 0.5311 % | 2,774.0 |
| FloatingReset | 9.24 % | 9.55 % | 40,713 | 9.89 | 2 | 0.7124 % | 2,524.3 |
| FixedReset Prem | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.1805 % | 2,418.2 |
| FixedReset Bank Non | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.1805 % | 2,335.6 |
| FixedReset Ins Non | 5.42 % | 7.91 % | 54,572 | 11.78 | 14 | 0.3075 % | 2,317.2 |
| Performance Highlights | |||
| Issue | Index | Change | Notes |
| TRP.PR.E | FixedReset Disc | -2.56 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-10-25 Maturity Price : 15.60 Evaluated at bid price : 15.60 Bid-YTW : 9.26 % |
| PVS.PR.J | SplitShare | -1.58 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2028-02-29 Maturity Price : 25.00 Evaluated at bid price : 21.21 Bid-YTW : 8.13 % |
| BAM.PR.N | Perpetual-Discount | -1.53 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-10-25 Maturity Price : 18.00 Evaluated at bid price : 18.00 Bid-YTW : 6.69 % |
| BAM.PF.A | FixedReset Disc | -1.38 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-10-25 Maturity Price : 20.05 Evaluated at bid price : 20.05 Bid-YTW : 8.29 % |
| PVS.PR.F | SplitShare | -1.24 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2024-09-30 Maturity Price : 25.00 Evaluated at bid price : 23.90 Bid-YTW : 7.69 % |
| BIP.PR.E | FixedReset Disc | -1.18 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-10-25 Maturity Price : 21.41 Evaluated at bid price : 21.70 Bid-YTW : 7.79 % |
| PVS.PR.H | SplitShare | -1.08 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2027-02-28 Maturity Price : 25.00 Evaluated at bid price : 23.00 Bid-YTW : 7.08 % |
| PVS.PR.G | SplitShare | -1.06 % | YTW SCENARIO Maturity Type : Option Certainty Maturity Date : 2026-02-28 Maturity Price : 25.00 Evaluated at bid price : 23.25 Bid-YTW : 7.58 % |
| CM.PR.O | FixedReset Disc | -1.06 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-10-25 Maturity Price : 18.70 Evaluated at bid price : 18.70 Bid-YTW : 7.73 % |
| BMO.PR.S | FixedReset Disc | -1.00 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-10-25 Maturity Price : 19.80 Evaluated at bid price : 19.80 Bid-YTW : 7.50 % |
| RY.PR.J | FixedReset Disc | 1.01 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-10-25 Maturity Price : 19.80 Evaluated at bid price : 19.80 Bid-YTW : 7.48 % |
| CCS.PR.C | Insurance Straight | 1.04 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-10-25 Maturity Price : 19.50 Evaluated at bid price : 19.50 Bid-YTW : 6.50 % |
| IFC.PR.C | FixedReset Disc | 1.09 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-10-25 Maturity Price : 17.60 Evaluated at bid price : 17.60 Bid-YTW : 8.04 % |
| TRP.PR.F | FloatingReset | 1.20 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-10-25 Maturity Price : 16.00 Evaluated at bid price : 16.00 Bid-YTW : 9.55 % |
| SLF.PR.H | FixedReset Ins Non | 1.22 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-10-25 Maturity Price : 14.90 Evaluated at bid price : 14.90 Bid-YTW : 8.61 % |
| CM.PR.Y | FixedReset Disc | 1.24 % | YTW SCENARIO Maturity Type : Call Maturity Date : 2024-07-31 Maturity Price : 25.00 Evaluated at bid price : 24.40 Bid-YTW : 6.63 % |
| GWO.PR.P | Insurance Straight | 1.33 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-10-25 Maturity Price : 20.55 Evaluated at bid price : 20.55 Bid-YTW : 6.66 % |
| PWF.PR.T | FixedReset Disc | 1.36 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-10-25 Maturity Price : 18.65 Evaluated at bid price : 18.65 Bid-YTW : 8.04 % |
| ELF.PR.H | Perpetual-Discount | 1.67 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-10-25 Maturity Price : 21.25 Evaluated at bid price : 21.25 Bid-YTW : 6.53 % |
| PWF.PR.L | Perpetual-Discount | 1.79 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-10-25 Maturity Price : 19.35 Evaluated at bid price : 19.35 Bid-YTW : 6.63 % |
| MIC.PR.A | Perpetual-Discount | 1.89 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-10-25 Maturity Price : 18.85 Evaluated at bid price : 18.85 Bid-YTW : 7.27 % |
| BMO.PR.E | FixedReset Disc | 2.04 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-10-25 Maturity Price : 21.97 Evaluated at bid price : 22.55 Bid-YTW : 7.11 % |
| BAM.PR.K | Floater | 2.04 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-10-25 Maturity Price : 12.50 Evaluated at bid price : 12.50 Bid-YTW : 7.74 % |
| BMO.PR.F | FixedReset Disc | 2.09 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-10-25 Maturity Price : 24.05 Evaluated at bid price : 24.40 Bid-YTW : 7.32 % |
| BIP.PR.B | FixedReset Disc | 2.36 % | YTW SCENARIO Maturity Type : Call Maturity Date : 2025-12-31 Maturity Price : 25.00 Evaluated at bid price : 23.90 Bid-YTW : 7.26 % |
| IFC.PR.E | Insurance Straight | 2.78 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-10-25 Maturity Price : 20.30 Evaluated at bid price : 20.30 Bid-YTW : 6.49 % |
| TD.PF.E | FixedReset Disc | 3.00 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-10-25 Maturity Price : 20.60 Evaluated at bid price : 20.60 Bid-YTW : 7.24 % |
| BAM.PF.I | FixedReset Disc | 3.38 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-10-25 Maturity Price : 22.28 Evaluated at bid price : 22.95 Bid-YTW : 7.59 % |
| BAM.PF.G | FixedReset Disc | 5.40 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-10-25 Maturity Price : 16.60 Evaluated at bid price : 16.60 Bid-YTW : 9.00 % |
| Volume Highlights | |||
| Issue | Index | Shares Traded |
Notes |
| FTS.PR.K | FixedReset Disc | 66,418 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-10-25 Maturity Price : 16.25 Evaluated at bid price : 16.25 Bid-YTW : 8.80 % |
| SLF.PR.D | Insurance Straight | 56,663 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-10-25 Maturity Price : 17.50 Evaluated at bid price : 17.50 Bid-YTW : 6.44 % |
| PWF.PR.Z | Perpetual-Discount | 43,408 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-10-25 Maturity Price : 18.81 Evaluated at bid price : 18.81 Bid-YTW : 6.89 % |
| CM.PR.S | FixedReset Disc | 30,455 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-10-25 Maturity Price : 21.73 Evaluated at bid price : 22.15 Bid-YTW : 6.98 % |
| PVS.PR.K | SplitShare | 25,414 | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2029-05-31 Maturity Price : 25.00 Evaluated at bid price : 21.00 Bid-YTW : 7.75 % |
| PWF.PR.P | FixedReset Disc | 23,600 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-10-25 Maturity Price : 11.86 Evaluated at bid price : 11.86 Bid-YTW : 9.51 % |
| There were 8 other index-included issues trading in excess of 10,000 shares. | |||
| Wide Spread Highlights | ||
| Issue | Index | Quote Data and Yield Notes |
| MFC.PR.M | FixedReset Ins Non | Quote: 17.00 – 22.00 Spot Rate : 5.0000 Average : 3.5547 YTW SCENARIO |
| MFC.PR.F | FixedReset Ins Non | Quote: 12.67 – 17.00 Spot Rate : 4.3300 Average : 3.4467 YTW SCENARIO |
| GWO.PR.G | Insurance Straight | Quote: 19.70 – 20.80 Spot Rate : 1.1000 Average : 0.6974 YTW SCENARIO |
| PWF.PR.H | Perpetual-Discount | Quote: 21.80 – 22.75 Spot Rate : 0.9500 Average : 0.6945 YTW SCENARIO |
| PWF.PR.Z | Perpetual-Discount | Quote: 18.81 – 20.45 Spot Rate : 1.6400 Average : 1.4327 YTW SCENARIO |
| TRP.PR.D | FixedReset Disc | Quote: 16.34 – 17.00 Spot Rate : 0.6600 Average : 0.4681 YTW SCENARIO |
“Tomorrow is the BoC rate decision. Place yer bets, gents, place yer bets!”
aren’t they expected to raise 75 bpts .. to take us to 4%. not sure they would say anything that would change future expectations. but who knows. i doubt they would do anything to surprise anyone tomorrow.
but we’ll find out soon enough.
well. wrong again. what else is new. lol
i wonder if his buddie Powell is now going to do the same thing …