TXPR closed at 576.15, up 0.78% on the day. Volume today was 932,390, well below the median of the past 21 trading days.
CPD closed at 11.455, up 1.01% on the day. Volume was 72,370, lowest of the past 21 trading days.
ZPR closed at 9.53, up 0.42% on the day. Volume was 259,590, above the median of the past 21 trading days.
Five-year Canada yields were up a bit to 3.26% today.
All eyes remain on the Fed:
U.S. stocks ended solidly higher on Tuesday, led by a 1% gain in the Nasdaq, on relief that Federal Reserve Chair Jerome Powell refrained in a speech from commenting on rate policy. The Canadian stock market also rose, as recent weakness in the U.S. dollar helped lure investors to gold mining shares.
In his first public appearance of the year, Powell said at a forum sponsored by the Swedish central bank that the Fed’s independence is essential for it to battle inflation.
Recent comments by other Fed officials have supported the view that the central bank needs to remain aggressive in raising interest rates to control inflation. Fed Governor Michelle Bowman said on Tuesday the bank will have to raise interest rates further to combat high inflation.
…
Investors anxiously awaited the U.S. consumer prices index report Thursday, which is expected to show some moderation in year-on-year prices in December.Traders are betting on a 25-basis point rate hike at the Fed’s upcoming policy meeting in February.
| 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 | 0.1544 % | 2,492.9 |
| FixedFloater | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.1544 % | 4,781.4 |
| Floater | 8.70 % | 8.81 % | 63,188 | 10.58 | 2 | 0.1544 % | 2,755.6 |
| OpRet | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.4449 % | 3,333.3 |
| SplitShare | 5.04 % | 7.38 % | 68,608 | 2.85 | 7 | 0.4449 % | 3,980.6 |
| Interest-Bearing | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.4449 % | 3,105.8 |
| Perpetual-Premium | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 1.0836 % | 2,767.0 |
| Perpetual-Discount | 6.16 % | 6.21 % | 97,357 | 13.60 | 35 | 1.0836 % | 3,017.3 |
| FixedReset Disc | 5.31 % | 7.16 % | 94,398 | 12.52 | 62 | 1.0184 % | 2,282.4 |
| Insurance Straight | 6.00 % | 6.15 % | 109,173 | 13.70 | 20 | 0.9202 % | 2,995.3 |
| FloatingReset | 9.74 % | 10.12 % | 44,016 | 9.45 | 2 | 2.1590 % | 2,534.8 |
| FixedReset Prem | 6.62 % | 6.15 % | 178,718 | 4.13 | 2 | 0.0994 % | 2,373.8 |
| FixedReset Bank Non | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 1.0184 % | 2,333.1 |
| FixedReset Ins Non | 5.44 % | 7.23 % | 59,112 | 12.48 | 14 | 0.6021 % | 2,373.5 |
| Performance Highlights | |||
| Issue | Index | Change | Notes |
| SLF.PR.C | Insurance Straight | -2.04 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-01-10 Maturity Price : 19.25 Evaluated at bid price : 19.25 Bid-YTW : 5.83 % |
| BMO.PR.F | FixedReset Disc | -1.63 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-01-10 Maturity Price : 23.78 Evaluated at bid price : 24.20 Bid-YTW : 6.91 % |
| GWO.PR.N | FixedReset Ins Non | -1.52 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-01-10 Maturity Price : 12.31 Evaluated at bid price : 12.31 Bid-YTW : 8.08 % |
| BN.PF.A | FixedReset Disc | -1.17 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-01-10 Maturity Price : 19.35 Evaluated at bid price : 19.35 Bid-YTW : 7.96 % |
| CU.PR.C | FixedReset Disc | 1.00 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-01-10 Maturity Price : 20.20 Evaluated at bid price : 20.20 Bid-YTW : 6.93 % |
| CM.PR.Q | FixedReset Disc | 1.05 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-01-10 Maturity Price : 19.17 Evaluated at bid price : 19.17 Bid-YTW : 7.19 % |
| POW.PR.C | Perpetual-Discount | 1.06 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-01-10 Maturity Price : 23.50 Evaluated at bid price : 23.77 Bid-YTW : 6.13 % |
| PWF.PR.K | Perpetual-Discount | 1.07 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-01-10 Maturity Price : 19.80 Evaluated at bid price : 19.80 Bid-YTW : 6.27 % |
| TRP.PR.E | FixedReset Disc | 1.08 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-01-10 Maturity Price : 15.92 Evaluated at bid price : 15.92 Bid-YTW : 8.44 % |
| PWF.PR.F | Perpetual-Discount | 1.10 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-01-10 Maturity Price : 21.20 Evaluated at bid price : 21.20 Bid-YTW : 6.21 % |
| GWO.PR.L | Insurance Straight | 1.10 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-01-10 Maturity Price : 22.71 Evaluated at bid price : 23.00 Bid-YTW : 6.19 % |
| MFC.PR.C | Insurance Straight | 1.12 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-01-10 Maturity Price : 19.90 Evaluated at bid price : 19.90 Bid-YTW : 5.72 % |
| SLF.PR.D | Insurance Straight | 1.13 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-01-10 Maturity Price : 19.65 Evaluated at bid price : 19.65 Bid-YTW : 5.71 % |
| CM.PR.S | FixedReset Disc | 1.13 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-01-10 Maturity Price : 21.84 Evaluated at bid price : 22.30 Bid-YTW : 6.37 % |
| BIP.PR.A | FixedReset Disc | 1.14 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-01-10 Maturity Price : 17.70 Evaluated at bid price : 17.70 Bid-YTW : 8.95 % |
| PWF.PR.R | Perpetual-Discount | 1.15 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-01-10 Maturity Price : 21.75 Evaluated at bid price : 22.00 Bid-YTW : 6.26 % |
| POW.PR.B | Perpetual-Discount | 1.16 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-01-10 Maturity Price : 21.54 Evaluated at bid price : 21.80 Bid-YTW : 6.16 % |
| RY.PR.Z | FixedReset Disc | 1.19 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-01-10 Maturity Price : 18.70 Evaluated at bid price : 18.70 Bid-YTW : 7.18 % |
| FTS.PR.K | FixedReset Disc | 1.21 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-01-10 Maturity Price : 16.75 Evaluated at bid price : 16.75 Bid-YTW : 7.86 % |
| MFC.PR.N | FixedReset Ins Non | 1.22 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-01-10 Maturity Price : 17.49 Evaluated at bid price : 17.49 Bid-YTW : 7.60 % |
| GWO.PR.Q | Insurance Straight | 1.27 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-01-10 Maturity Price : 20.78 Evaluated at bid price : 20.78 Bid-YTW : 6.26 % |
| PVS.PR.G | SplitShare | 1.28 % | YTW SCENARIO Maturity Type : Option Certainty Maturity Date : 2026-02-28 Maturity Price : 25.00 Evaluated at bid price : 23.75 Bid-YTW : 6.91 % |
| IAF.PR.B | Insurance Straight | 1.28 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-01-10 Maturity Price : 19.75 Evaluated at bid price : 19.75 Bid-YTW : 5.88 % |
| NA.PR.S | FixedReset Disc | 1.31 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-01-10 Maturity Price : 18.60 Evaluated at bid price : 18.60 Bid-YTW : 7.40 % |
| IFC.PR.G | FixedReset Ins Non | 1.36 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-01-10 Maturity Price : 20.85 Evaluated at bid price : 20.85 Bid-YTW : 6.99 % |
| TRP.PR.G | FixedReset Disc | 1.38 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-01-10 Maturity Price : 17.59 Evaluated at bid price : 17.59 Bid-YTW : 8.02 % |
| BNS.PR.I | FixedReset Disc | 1.43 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-01-10 Maturity Price : 21.30 Evaluated at bid price : 21.30 Bid-YTW : 6.62 % |
| RY.PR.N | Perpetual-Discount | 1.44 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-01-10 Maturity Price : 22.29 Evaluated at bid price : 22.57 Bid-YTW : 5.49 % |
| FTS.PR.G | FixedReset Disc | 1.51 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-01-10 Maturity Price : 18.17 Evaluated at bid price : 18.17 Bid-YTW : 7.46 % |
| IFC.PR.I | Perpetual-Discount | 1.52 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-01-10 Maturity Price : 21.76 Evaluated at bid price : 22.10 Bid-YTW : 6.15 % |
| PWF.PR.H | Perpetual-Discount | 1.55 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-01-10 Maturity Price : 22.71 Evaluated at bid price : 22.95 Bid-YTW : 6.27 % |
| BN.PR.X | FixedReset Disc | 1.59 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-01-10 Maturity Price : 16.00 Evaluated at bid price : 16.00 Bid-YTW : 7.75 % |
| PWF.PR.T | FixedReset Disc | 1.62 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-01-10 Maturity Price : 18.80 Evaluated at bid price : 18.80 Bid-YTW : 7.37 % |
| TD.PF.C | FixedReset Disc | 1.66 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-01-10 Maturity Price : 18.40 Evaluated at bid price : 18.40 Bid-YTW : 7.19 % |
| BN.PF.E | FixedReset Disc | 1.67 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-01-10 Maturity Price : 15.86 Evaluated at bid price : 15.86 Bid-YTW : 8.64 % |
| GWO.PR.P | Insurance Straight | 1.68 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-01-10 Maturity Price : 21.55 Evaluated at bid price : 21.81 Bid-YTW : 6.24 % |
| RY.PR.H | FixedReset Disc | 1.78 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-01-10 Maturity Price : 18.90 Evaluated at bid price : 18.90 Bid-YTW : 7.12 % |
| POW.PR.A | Perpetual-Discount | 1.80 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-01-10 Maturity Price : 22.33 Evaluated at bid price : 22.60 Bid-YTW : 6.22 % |
| SLF.PR.G | FixedReset Ins Non | 1.92 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-01-10 Maturity Price : 13.25 Evaluated at bid price : 13.25 Bid-YTW : 7.91 % |
| TD.PF.A | FixedReset Disc | 1.97 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-01-10 Maturity Price : 18.61 Evaluated at bid price : 18.61 Bid-YTW : 7.10 % |
| BMO.PR.Y | FixedReset Disc | 2.01 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-01-10 Maturity Price : 19.30 Evaluated at bid price : 19.30 Bid-YTW : 7.14 % |
| TD.PF.M | FixedReset Disc | 2.04 % | YTW SCENARIO Maturity Type : Call Maturity Date : 2024-07-31 Maturity Price : 25.00 Evaluated at bid price : 24.95 Bid-YTW : 5.08 % |
| TD.PF.D | FixedReset Disc | 2.15 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-01-10 Maturity Price : 19.92 Evaluated at bid price : 19.92 Bid-YTW : 7.00 % |
| TD.PF.B | FixedReset Disc | 2.19 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-01-10 Maturity Price : 18.70 Evaluated at bid price : 18.70 Bid-YTW : 7.15 % |
| BMO.PR.T | FixedReset Disc | 2.24 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-01-10 Maturity Price : 18.71 Evaluated at bid price : 18.71 Bid-YTW : 7.16 % |
| TD.PF.J | FixedReset Disc | 2.26 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-01-10 Maturity Price : 22.06 Evaluated at bid price : 22.65 Bid-YTW : 6.54 % |
| CIU.PR.A | Perpetual-Discount | 2.33 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-01-10 Maturity Price : 18.88 Evaluated at bid price : 18.88 Bid-YTW : 6.19 % |
| GWO.PR.Y | Insurance Straight | 2.43 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-01-10 Maturity Price : 19.00 Evaluated at bid price : 19.00 Bid-YTW : 5.98 % |
| RY.PR.J | FixedReset Disc | 2.56 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-01-10 Maturity Price : 20.05 Evaluated at bid price : 20.05 Bid-YTW : 7.00 % |
| BMO.PR.S | FixedReset Disc | 2.67 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-01-10 Maturity Price : 19.20 Evaluated at bid price : 19.20 Bid-YTW : 7.16 % |
| IFC.PR.A | FixedReset Ins Non | 3.03 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-01-10 Maturity Price : 18.70 Evaluated at bid price : 18.70 Bid-YTW : 6.64 % |
| GWO.PR.T | Insurance Straight | 3.12 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-01-10 Maturity Price : 21.15 Evaluated at bid price : 21.15 Bid-YTW : 6.15 % |
| CM.PR.P | FixedReset Disc | 3.17 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-01-10 Maturity Price : 18.21 Evaluated at bid price : 18.21 Bid-YTW : 7.22 % |
| IFC.PR.K | Perpetual-Discount | 3.43 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-01-10 Maturity Price : 21.39 Evaluated at bid price : 21.72 Bid-YTW : 6.08 % |
| RY.PR.M | FixedReset Disc | 3.71 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-01-10 Maturity Price : 18.99 Evaluated at bid price : 18.99 Bid-YTW : 7.08 % |
| TRP.PR.F | FloatingReset | 3.85 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-01-10 Maturity Price : 15.90 Evaluated at bid price : 15.90 Bid-YTW : 10.12 % |
| IFC.PR.F | Insurance Straight | 4.27 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-01-10 Maturity Price : 21.70 Evaluated at bid price : 22.00 Bid-YTW : 6.06 % |
| BN.PR.M | Perpetual-Discount | 4.55 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-01-10 Maturity Price : 18.61 Evaluated at bid price : 18.61 Bid-YTW : 6.45 % |
| RY.PR.O | Perpetual-Discount | 4.61 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-01-10 Maturity Price : 22.43 Evaluated at bid price : 22.71 Bid-YTW : 5.46 % |
| CU.PR.H | Perpetual-Discount | 5.00 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-01-10 Maturity Price : 21.63 Evaluated at bid price : 22.05 Bid-YTW : 6.02 % |
| TD.PF.E | FixedReset Disc | 5.94 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-01-10 Maturity Price : 20.50 Evaluated at bid price : 20.50 Bid-YTW : 6.84 % |
| Volume Highlights | |||
| Issue | Index | Shares Traded |
Notes |
| PWF.PF.A | Perpetual-Discount | 38,821 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-01-10 Maturity Price : 18.23 Evaluated at bid price : 18.23 Bid-YTW : 6.19 % |
| TD.PF.M | FixedReset Disc | 31,800 | YTW SCENARIO Maturity Type : Call Maturity Date : 2024-07-31 Maturity Price : 25.00 Evaluated at bid price : 24.95 Bid-YTW : 5.08 % |
| TD.PF.I | FixedReset Prem | 19,230 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-01-10 Maturity Price : 23.01 Evaluated at bid price : 24.54 Bid-YTW : 6.33 % |
| RY.PR.S | FixedReset Disc | 15,530 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-01-10 Maturity Price : 21.35 Evaluated at bid price : 21.35 Bid-YTW : 6.61 % |
| CU.PR.G | Perpetual-Discount | 13,800 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-01-10 Maturity Price : 18.73 Evaluated at bid price : 18.73 Bid-YTW : 6.10 % |
| BN.PF.F | FixedReset Disc | 12,700 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-01-10 Maturity Price : 17.62 Evaluated at bid price : 17.62 Bid-YTW : 8.38 % |
| There were 3 other index-included issues trading in excess of 10,000 shares. | |||
| Wide Spread Highlights | ||
| Issue | Index | Quote Data and Yield Notes |
| TRP.PR.G | FixedReset Disc | Quote: 17.59 – 24.62 Spot Rate : 7.0300 Average : 3.9758 YTW SCENARIO |
| MFC.PR.K | FixedReset Ins Non | Quote: 18.24 – 23.75 Spot Rate : 5.5100 Average : 3.2078 YTW SCENARIO |
| NA.PR.S | FixedReset Disc | Quote: 18.60 – 22.50 Spot Rate : 3.9000 Average : 2.0971 YTW SCENARIO |
| TRP.PR.E | FixedReset Disc | Quote: 15.92 – 19.40 Spot Rate : 3.4800 Average : 1.9358 YTW SCENARIO |
| NA.PR.E | FixedReset Disc | Quote: 21.05 – 23.75 Spot Rate : 2.7000 Average : 1.5770 YTW SCENARIO |
| TRP.PR.A | FixedReset Disc | Quote: 14.61 – 15.75 Spot Rate : 1.1400 Average : 0.6830 YTW SCENARIO |