TXPR closed at 521.45, up 0.51% on the day. Volume today was 816,230, below the median of the past 21 trading days.
CPD closed at 10.43, up 0.68% on the day. Volume was 18,110, second-lowest of the past 21 trading days.
ZPR closed at 8.56, up 0.12% on the day. Volume was 133,860, near the median of the past 21 trading days.
Five-year Canada yields up to 3.62% today.
I went to a book signing by Jo Nesbo tonight. There were over 200 people there! Impressive!
| 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 | -0.1807 % | 2,123.9 |
| FixedFloater | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.1807 % | 4,073.6 |
| Floater | 10.61 % | 10.88 % | 23,972 | 8.78 | 2 | -0.1807 % | 2,347.7 |
| OpRet | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.5811 % | 3,332.4 |
| SplitShare | 5.05 % | 7.29 % | 38,066 | 2.54 | 7 | -0.5811 % | 3,979.6 |
| Interest-Bearing | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.5811 % | 3,105.1 |
| Perpetual-Premium | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.2364 % | 2,644.2 |
| Perpetual-Discount | 6.45 % | 6.60 % | 42,092 | 13.02 | 34 | 0.2364 % | 2,883.4 |
| FixedReset Disc | 6.10 % | 8.69 % | 85,026 | 11.01 | 63 | 0.2142 % | 2,045.0 |
| Insurance Straight | 6.35 % | 6.50 % | 60,511 | 13.12 | 19 | -0.0834 % | 2,832.2 |
| FloatingReset | 11.05 % | 11.75 % | 49,827 | 8.20 | 2 | 0.1384 % | 2,348.9 |
| FixedReset Prem | 7.00 % | 7.01 % | 321,078 | 12.36 | 1 | -0.1988 % | 2,309.0 |
| FixedReset Bank Non | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.2142 % | 2,090.4 |
| FixedReset Ins Non | 6.16 % | 7.68 % | 83,239 | 11.65 | 11 | 0.4110 % | 2,263.9 |
| Performance Highlights | |||
| Issue | Index | Change | Notes |
| SLF.PR.C | Insurance Straight | -6.48 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-05-29 Maturity Price : 17.33 Evaluated at bid price : 17.33 Bid-YTW : 6.55 % |
| BMO.PR.Y | FixedReset Disc | -4.85 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-05-29 Maturity Price : 15.88 Evaluated at bid price : 15.88 Bid-YTW : 9.16 % |
| PWF.PR.H | Perpetual-Discount | -2.63 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-05-29 Maturity Price : 21.50 Evaluated at bid price : 21.50 Bid-YTW : 6.78 % |
| POW.PR.B | Perpetual-Discount | -2.14 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-05-29 Maturity Price : 20.55 Evaluated at bid price : 20.55 Bid-YTW : 6.62 % |
| TRP.PR.D | FixedReset Disc | -1.93 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-05-29 Maturity Price : 14.25 Evaluated at bid price : 14.25 Bid-YTW : 10.45 % |
| BN.PR.R | FixedReset Disc | -1.59 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-05-29 Maturity Price : 12.40 Evaluated at bid price : 12.40 Bid-YTW : 10.72 % |
| PWF.PR.K | Perpetual-Discount | -1.47 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-05-29 Maturity Price : 18.80 Evaluated at bid price : 18.80 Bid-YTW : 6.68 % |
| BN.PR.B | Floater | -1.35 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-05-29 Maturity Price : 10.99 Evaluated at bid price : 10.99 Bid-YTW : 11.00 % |
| PVS.PR.I | SplitShare | -1.34 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-10-31 Maturity Price : 25.00 Evaluated at bid price : 23.60 Bid-YTW : 7.29 % |
| PVS.PR.H | SplitShare | -1.29 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2027-02-28 Maturity Price : 25.00 Evaluated at bid price : 23.00 Bid-YTW : 7.17 % |
| BN.PR.N | Perpetual-Discount | -1.22 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-05-29 Maturity Price : 17.00 Evaluated at bid price : 17.00 Bid-YTW : 7.14 % |
| BN.PR.T | FixedReset Disc | -1.17 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-05-29 Maturity Price : 12.70 Evaluated at bid price : 12.70 Bid-YTW : 10.59 % |
| CU.PR.I | FixedReset Disc | -1.10 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-05-29 Maturity Price : 22.17 Evaluated at bid price : 22.50 Bid-YTW : 7.62 % |
| POW.PR.C | Perpetual-Discount | -1.05 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-05-29 Maturity Price : 22.34 Evaluated at bid price : 22.61 Bid-YTW : 6.51 % |
| BN.PR.K | Floater | 1.00 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-05-29 Maturity Price : 11.11 Evaluated at bid price : 11.11 Bid-YTW : 10.88 % |
| CM.PR.Q | FixedReset Disc | 1.01 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-05-29 Maturity Price : 16.95 Evaluated at bid price : 16.95 Bid-YTW : 8.69 % |
| IFC.PR.C | FixedReset Disc | 1.20 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-05-29 Maturity Price : 16.00 Evaluated at bid price : 16.00 Bid-YTW : 8.85 % |
| BN.PF.H | FixedReset Disc | 1.24 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-05-29 Maturity Price : 20.40 Evaluated at bid price : 20.40 Bid-YTW : 9.04 % |
| GWO.PR.T | Insurance Straight | 1.45 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-05-29 Maturity Price : 20.35 Evaluated at bid price : 20.35 Bid-YTW : 6.46 % |
| IFC.PR.A | FixedReset Ins Non | 1.47 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-05-29 Maturity Price : 17.25 Evaluated at bid price : 17.25 Bid-YTW : 7.67 % |
| BIP.PR.B | FixedReset Disc | 1.53 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-05-29 Maturity Price : 21.49 Evaluated at bid price : 21.85 Bid-YTW : 8.84 % |
| TRP.PR.C | FixedReset Disc | 1.57 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-05-29 Maturity Price : 10.36 Evaluated at bid price : 10.36 Bid-YTW : 10.80 % |
| CM.PR.Y | FixedReset Disc | 1.92 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-05-29 Maturity Price : 22.35 Evaluated at bid price : 22.80 Bid-YTW : 7.81 % |
| CU.PR.F | Perpetual-Discount | 1.94 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-05-29 Maturity Price : 18.40 Evaluated at bid price : 18.40 Bid-YTW : 6.16 % |
| TRP.PR.B | FixedReset Disc | 2.34 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-05-29 Maturity Price : 10.04 Evaluated at bid price : 10.04 Bid-YTW : 10.92 % |
| IFC.PR.G | FixedReset Ins Non | 2.50 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-05-29 Maturity Price : 20.50 Evaluated at bid price : 20.50 Bid-YTW : 7.68 % |
| BN.PF.B | FixedReset Disc | 2.50 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-05-29 Maturity Price : 15.55 Evaluated at bid price : 15.55 Bid-YTW : 10.10 % |
| BN.PF.F | FixedReset Disc | 5.83 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-05-29 Maturity Price : 15.25 Evaluated at bid price : 15.25 Bid-YTW : 10.41 % |
| ELF.PR.F | Perpetual-Discount | 19.01 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-05-29 Maturity Price : 20.35 Evaluated at bid price : 20.35 Bid-YTW : 6.62 % |
| Volume Highlights | |||
| Issue | Index | Shares Traded |
Notes |
| MFC.PR.J | FixedReset Ins Non | 113,670 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-05-29 Maturity Price : 21.06 Evaluated at bid price : 21.06 Bid-YTW : 7.39 % |
| BMO.PR.W | FixedReset Disc | 45,500 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-05-29 Maturity Price : 16.00 Evaluated at bid price : 16.00 Bid-YTW : 8.87 % |
| BN.PF.B | FixedReset Disc | 27,546 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-05-29 Maturity Price : 15.55 Evaluated at bid price : 15.55 Bid-YTW : 10.10 % |
| BN.PF.G | FixedReset Disc | 26,104 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-05-29 Maturity Price : 13.98 Evaluated at bid price : 13.98 Bid-YTW : 10.73 % |
| TD.PF.B | FixedReset Disc | 25,200 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-05-29 Maturity Price : 16.45 Evaluated at bid price : 16.45 Bid-YTW : 8.72 % |
| BN.PF.H | FixedReset Disc | 16,500 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-05-29 Maturity Price : 20.40 Evaluated at bid price : 20.40 Bid-YTW : 9.04 % |
| There were 5 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: 19.41 – 23.72 Spot Rate : 4.3100 Average : 3.0403 YTW SCENARIO |
| SLF.PR.C | Insurance Straight | Quote: 17.33 – 18.72 Spot Rate : 1.3900 Average : 0.8318 YTW SCENARIO |
| CM.PR.Q | FixedReset Disc | Quote: 16.95 – 18.95 Spot Rate : 2.0000 Average : 1.4678 YTW SCENARIO |
| BN.PR.M | Perpetual-Discount | Quote: 16.96 – 18.35 Spot Rate : 1.3900 Average : 1.0144 YTW SCENARIO |
| MFC.PR.B | Insurance Straight | Quote: 18.35 – 19.65 Spot Rate : 1.3000 Average : 0.9422 YTW SCENARIO |
| POW.PR.C | Perpetual-Discount | Quote: 22.61 – 23.75 Spot Rate : 1.1400 Average : 0.7917 YTW SCENARIO |