TXPR closed at 508.28, down 0.55% on the day and setting a new 52-week low. Volume today was 2.74-million, third-highest of the past 21 trading days.
CPD closed at 10.12, unchanged on the day but setting a new 52-week low of 10.11 anyway. Volume was 48,710, near the median of the past 21 trading days.
ZPR closed at 8.48, down 1.17% on the day, equalling its 52-week low. Volume was 150,805, fourth-highest of the past 21 trading days.
Five-year Canada yields were down to 3.97%.
All this may be related to hints of a slowing US job market:
The sharp gains [in equities] came after the Labor Department’s Job Openings and Labor Turnover Survey (JOLTS) showed the number of job openings stood at 8.827 million in July, falling for the third straight month and signaling easing labor market pressures.
Investors also parsed a report from the Conference Board showing consumer confidence in the United States fell to 106.1 in August, compared with expectations of 116.
Interest rate futures signaled an 87% chance the Fed will keep rates steady at its September meeting and a 54% chance it will keep rates on hold through November, according the CME Group’s FedWatch tool.
| 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 | 0.0000 % | 2,194.4 |
| FixedFloater | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.0000 % | 4,208.8 |
| Floater | 11.10 % | 11.44 % | 42,777 | 8.39 | 2 | 0.0000 % | 2,425.6 |
| OpRet | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.2085 % | 3,359.5 |
| SplitShare | 5.02 % | 7.18 % | 43,842 | 2.04 | 8 | 0.2085 % | 4,012.0 |
| Interest-Bearing | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.2085 % | 3,130.3 |
| Perpetual-Premium | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.0087 % | 2,469.5 |
| Perpetual-Discount | 6.95 % | 7.14 % | 47,644 | 12.33 | 31 | 0.0087 % | 2,692.8 |
| FixedReset Disc | 6.08 % | 9.17 % | 103,541 | 10.56 | 56 | -0.7189 % | 2,058.4 |
| Insurance Straight | 6.86 % | 7.00 % | 55,231 | 12.47 | 18 | 0.3332 % | 2,620.7 |
| FloatingReset | 11.35 % | 11.39 % | 37,005 | 8.64 | 1 | -3.1085 % | 2,356.3 |
| FixedReset Prem | 7.07 % | 7.32 % | 218,140 | 3.61 | 1 | 0.0000 % | 2,287.0 |
| FixedReset Bank Non | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.7189 % | 2,104.1 |
| FixedReset Ins Non | 6.59 % | 8.51 % | 97,161 | 10.99 | 10 | -0.0853 % | 2,242.7 |
| Performance Highlights | |||
| Issue | Index | Change | Notes |
| TD.PF.E | FixedReset Disc | -5.39 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-08-29 Maturity Price : 17.04 Evaluated at bid price : 17.04 Bid-YTW : 9.40 % |
| BN.PF.J | FixedReset Disc | -2.49 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-08-29 Maturity Price : 18.00 Evaluated at bid price : 18.00 Bid-YTW : 9.76 % |
| BN.PF.G | FixedReset Disc | -2.49 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-08-29 Maturity Price : 14.09 Evaluated at bid price : 14.09 Bid-YTW : 11.45 % |
| NA.PR.G | FixedReset Disc | -2.29 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-08-29 Maturity Price : 21.30 Evaluated at bid price : 21.30 Bid-YTW : 8.15 % |
| NA.PR.S | FixedReset Disc | -2.26 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-08-29 Maturity Price : 17.30 Evaluated at bid price : 17.30 Bid-YTW : 9.33 % |
| TD.PF.D | FixedReset Disc | -1.85 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-08-29 Maturity Price : 17.00 Evaluated at bid price : 17.00 Bid-YTW : 9.42 % |
| BN.PF.A | FixedReset Disc | -1.75 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-08-29 Maturity Price : 19.06 Evaluated at bid price : 19.06 Bid-YTW : 9.41 % |
| BN.PR.M | Perpetual-Discount | -1.70 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-08-29 Maturity Price : 16.21 Evaluated at bid price : 16.21 Bid-YTW : 7.49 % |
| RY.PR.H | FixedReset Disc | -1.68 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-08-29 Maturity Price : 16.96 Evaluated at bid price : 16.96 Bid-YTW : 9.18 % |
| CM.PR.P | FixedReset Disc | -1.52 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-08-29 Maturity Price : 16.15 Evaluated at bid price : 16.15 Bid-YTW : 9.45 % |
| BN.PF.I | FixedReset Disc | -1.49 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-08-29 Maturity Price : 17.80 Evaluated at bid price : 17.80 Bid-YTW : 10.26 % |
| BNS.PR.I | FixedReset Disc | -1.46 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-08-29 Maturity Price : 20.25 Evaluated at bid price : 20.25 Bid-YTW : 8.13 % |
| RY.PR.Z | FixedReset Disc | -1.45 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-08-29 Maturity Price : 17.00 Evaluated at bid price : 17.00 Bid-YTW : 9.18 % |
| TD.PF.K | FixedReset Disc | -1.23 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-08-29 Maturity Price : 21.44 Evaluated at bid price : 21.73 Bid-YTW : 7.79 % |
| BMO.PR.S | FixedReset Disc | -1.19 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-08-29 Maturity Price : 17.44 Evaluated at bid price : 17.44 Bid-YTW : 9.13 % |
| FTS.PR.H | FixedReset Disc | -1.05 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-08-29 Maturity Price : 12.27 Evaluated at bid price : 12.27 Bid-YTW : 10.27 % |
| BN.PF.C | Perpetual-Discount | -1.03 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-08-29 Maturity Price : 16.40 Evaluated at bid price : 16.40 Bid-YTW : 7.56 % |
| CM.PR.T | FixedReset Disc | -1.02 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-08-29 Maturity Price : 21.83 Evaluated at bid price : 22.32 Bid-YTW : 8.25 % |
| FTS.PR.G | FixedReset Disc | -1.02 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-08-29 Maturity Price : 18.50 Evaluated at bid price : 18.50 Bid-YTW : 8.47 % |
| BN.PF.E | FixedReset Disc | -1.00 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-08-29 Maturity Price : 13.86 Evaluated at bid price : 13.86 Bid-YTW : 11.31 % |
| FTS.PR.F | Perpetual-Discount | 1.03 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-08-29 Maturity Price : 19.70 Evaluated at bid price : 19.70 Bid-YTW : 6.26 % |
| GWO.PR.M | Insurance Straight | 1.19 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-08-29 Maturity Price : 21.25 Evaluated at bid price : 21.25 Bid-YTW : 6.97 % |
| CIU.PR.A | Perpetual-Discount | 1.71 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-08-29 Maturity Price : 16.70 Evaluated at bid price : 16.70 Bid-YTW : 6.94 % |
| GWO.PR.Y | Insurance Straight | 1.75 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-08-29 Maturity Price : 16.31 Evaluated at bid price : 16.31 Bid-YTW : 7.05 % |
| IFC.PR.E | Insurance Straight | 1.76 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-08-29 Maturity Price : 19.10 Evaluated at bid price : 19.10 Bid-YTW : 6.95 % |
| GWO.PR.H | Insurance Straight | 1.78 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-08-29 Maturity Price : 17.75 Evaluated at bid price : 17.75 Bid-YTW : 6.98 % |
| BN.PF.H | FixedReset Disc | 2.17 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-08-29 Maturity Price : 18.40 Evaluated at bid price : 18.40 Bid-YTW : 10.47 % |
| GWO.PR.I | Insurance Straight | 2.48 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-08-29 Maturity Price : 16.50 Evaluated at bid price : 16.50 Bid-YTW : 6.97 % |
| Volume Highlights | |||
| Issue | Index | Shares Traded |
Notes |
| RY.PR.H | FixedReset Disc | 179,275 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-08-29 Maturity Price : 16.96 Evaluated at bid price : 16.96 Bid-YTW : 9.18 % |
| CM.PR.O | FixedReset Disc | 148,777 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-08-29 Maturity Price : 17.10 Evaluated at bid price : 17.10 Bid-YTW : 9.17 % |
| BMO.PR.S | FixedReset Disc | 121,262 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-08-29 Maturity Price : 17.44 Evaluated at bid price : 17.44 Bid-YTW : 9.13 % |
| NA.PR.W | FixedReset Disc | 82,000 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-08-29 Maturity Price : 15.86 Evaluated at bid price : 15.86 Bid-YTW : 9.66 % |
| TD.PF.C | FixedReset Disc | 74,580 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-08-29 Maturity Price : 16.45 Evaluated at bid price : 16.45 Bid-YTW : 9.36 % |
| RY.PR.Z | FixedReset Disc | 65,888 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-08-29 Maturity Price : 17.00 Evaluated at bid price : 17.00 Bid-YTW : 9.18 % |
| There were 29 other index-included issues trading in excess of 10,000 shares. | |||
| Wide Spread Highlights | ||
| Issue | Index | Quote Data and Yield Notes |
| MFC.PR.Q | FixedReset Ins Non | Quote: 19.45 – 22.22 Spot Rate : 2.7700 Average : 1.8082 YTW SCENARIO |
| TD.PF.L | FixedReset Disc | Quote: 22.91 – 23.96 Spot Rate : 1.0500 Average : 0.6459 YTW SCENARIO |
| BN.PF.D | Perpetual-Discount | Quote: 16.64 – 17.50 Spot Rate : 0.8600 Average : 0.5069 YTW SCENARIO |
| NA.PR.W | FixedReset Disc | Quote: 15.86 – 16.69 Spot Rate : 0.8300 Average : 0.5825 YTW SCENARIO |
| TD.PF.E | FixedReset Disc | Quote: 17.04 – 17.81 Spot Rate : 0.7700 Average : 0.5228 YTW SCENARIO |
| CU.PR.I | FixedReset Disc | Quote: 19.90 – 21.99 Spot Rate : 2.0900 Average : 1.9179 YTW SCENARIO |