TXPR closed at 531.75, down 0.93% on the day. Volume today was 2.71-million, third-highest of the past 21 trading days.
CPD closed at 10.58, down 0.94% on the day. Volume was 207,270, highest of the past 21 trading days.
ZPR closed at 8.995, down 0.61% on the day. Volume was 89,610, third-lowest of the past 21 trading days.
Five-year Canada yields were down to 3.43%.
Given the volume and the direction, this might be due to tax-loss selling. 2022 was, of course, an awful year and prices are still down a tick from year-end 2022.
| 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 | 1.0663 % | 2,106.5 |
| FixedFloater | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 1.0663 % | 4,040.2 |
| Floater | 11.56 % | 11.99 % | 42,382 | 8.03 | 2 | 1.0663 % | 2,328.4 |
| OpRet | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.4961 % | 3,369.9 |
| SplitShare | 4.99 % | 7.32 % | 52,796 | 1.79 | 8 | -0.4961 % | 4,024.4 |
| Interest-Bearing | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.4961 % | 3,140.0 |
| Perpetual-Premium | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.9650 % | 2,520.2 |
| Perpetual-Discount | 6.82 % | 6.99 % | 56,153 | 12.52 | 33 | -0.9650 % | 2,748.1 |
| FixedReset Disc | 5.86 % | 8.09 % | 118,843 | 11.56 | 60 | -0.6656 % | 2,210.6 |
| Insurance Straight | 6.65 % | 6.85 % | 71,052 | 12.78 | 19 | -1.0018 % | 2,722.6 |
| FloatingReset | 10.74 % | 10.80 % | 38,295 | 8.86 | 3 | -0.6835 % | 2,462.4 |
| FixedReset Prem | 6.97 % | 6.97 % | 173,936 | 3.40 | 1 | 0.0000 % | 2,512.4 |
| FixedReset Bank Non | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.6656 % | 2,259.7 |
| FixedReset Ins Non | 5.81 % | 7.73 % | 87,000 | 12.16 | 14 | -2.2439 % | 2,447.4 |
| Performance Highlights | |||
| Issue | Index | Change | Notes |
| MFC.PR.N | FixedReset Ins Non | -17.85 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-12-07 Maturity Price : 15.00 Evaluated at bid price : 15.00 Bid-YTW : 9.56 % |
| RY.PR.N | Perpetual-Discount | -10.41 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-12-07 Maturity Price : 19.71 Evaluated at bid price : 19.71 Bid-YTW : 6.28 % |
| TD.PF.J | FixedReset Disc | -4.19 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-12-07 Maturity Price : 21.39 Evaluated at bid price : 21.70 Bid-YTW : 7.18 % |
| IFC.PR.E | Insurance Straight | -4.10 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-12-07 Maturity Price : 19.42 Evaluated at bid price : 19.42 Bid-YTW : 6.85 % |
| SLF.PR.H | FixedReset Ins Non | -3.76 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-12-07 Maturity Price : 17.40 Evaluated at bid price : 17.40 Bid-YTW : 7.55 % |
| RY.PR.H | FixedReset Disc | -3.43 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-12-07 Maturity Price : 18.30 Evaluated at bid price : 18.30 Bid-YTW : 7.98 % |
| PVS.PR.I | SplitShare | -2.71 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-10-31 Maturity Price : 25.00 Evaluated at bid price : 23.35 Bid-YTW : 8.64 % |
| POW.PR.D | Perpetual-Discount | -2.70 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-12-07 Maturity Price : 18.00 Evaluated at bid price : 18.00 Bid-YTW : 7.09 % |
| BMO.PR.W | FixedReset Disc | -2.64 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-12-07 Maturity Price : 17.67 Evaluated at bid price : 17.67 Bid-YTW : 8.16 % |
| TD.PF.B | FixedReset Disc | -2.62 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-12-07 Maturity Price : 18.94 Evaluated at bid price : 18.94 Bid-YTW : 7.76 % |
| MFC.PR.L | FixedReset Ins Non | -2.62 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-12-07 Maturity Price : 18.61 Evaluated at bid price : 18.61 Bid-YTW : 7.73 % |
| IFC.PR.C | FixedReset Ins Non | -2.47 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-12-07 Maturity Price : 17.77 Evaluated at bid price : 17.77 Bid-YTW : 8.16 % |
| NA.PR.S | FixedReset Disc | -2.37 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-12-07 Maturity Price : 18.95 Evaluated at bid price : 18.95 Bid-YTW : 7.98 % |
| SLF.PR.C | Insurance Straight | -2.18 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-12-07 Maturity Price : 17.95 Evaluated at bid price : 17.95 Bid-YTW : 6.22 % |
| RY.PR.Z | FixedReset Disc | -2.16 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-12-07 Maturity Price : 19.03 Evaluated at bid price : 19.03 Bid-YTW : 7.67 % |
| FFH.PR.C | FixedReset Disc | -2.11 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-12-07 Maturity Price : 19.05 Evaluated at bid price : 19.05 Bid-YTW : 8.80 % |
| BN.PF.B | FixedReset Disc | -2.05 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-12-07 Maturity Price : 17.22 Evaluated at bid price : 17.22 Bid-YTW : 9.18 % |
| MFC.PR.B | Insurance Straight | -2.03 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-12-07 Maturity Price : 18.81 Evaluated at bid price : 18.81 Bid-YTW : 6.21 % |
| IFC.PR.G | FixedReset Ins Non | -1.83 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-12-07 Maturity Price : 21.50 Evaluated at bid price : 21.50 Bid-YTW : 7.27 % |
| FTS.PR.J | Perpetual-Discount | -1.75 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-12-07 Maturity Price : 17.98 Evaluated at bid price : 17.98 Bid-YTW : 6.67 % |
| MFC.PR.M | FixedReset Ins Non | -1.66 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-12-07 Maturity Price : 18.39 Evaluated at bid price : 18.39 Bid-YTW : 7.97 % |
| FTS.PR.F | Perpetual-Discount | -1.61 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-12-07 Maturity Price : 18.35 Evaluated at bid price : 18.35 Bid-YTW : 6.74 % |
| PWF.PF.A | Perpetual-Discount | -1.56 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-12-07 Maturity Price : 16.45 Evaluated at bid price : 16.45 Bid-YTW : 6.95 % |
| BMO.PR.E | FixedReset Disc | -1.54 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-12-07 Maturity Price : 22.64 Evaluated at bid price : 23.70 Bid-YTW : 6.65 % |
| TD.PF.C | FixedReset Disc | -1.54 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-12-07 Maturity Price : 17.95 Evaluated at bid price : 17.95 Bid-YTW : 8.06 % |
| BMO.PR.S | FixedReset Disc | -1.53 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-12-07 Maturity Price : 19.25 Evaluated at bid price : 19.25 Bid-YTW : 7.74 % |
| POW.PR.B | Perpetual-Discount | -1.53 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-12-07 Maturity Price : 19.30 Evaluated at bid price : 19.30 Bid-YTW : 7.07 % |
| TD.PF.D | FixedReset Disc | -1.46 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-12-07 Maturity Price : 18.88 Evaluated at bid price : 18.88 Bid-YTW : 8.09 % |
| TD.PF.I | FixedReset Disc | -1.45 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-12-07 Maturity Price : 22.77 Evaluated at bid price : 23.80 Bid-YTW : 6.93 % |
| GWO.PR.R | Insurance Straight | -1.41 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-12-07 Maturity Price : 17.50 Evaluated at bid price : 17.50 Bid-YTW : 6.88 % |
| CM.PR.O | FixedReset Disc | -1.41 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-12-07 Maturity Price : 18.20 Evaluated at bid price : 18.20 Bid-YTW : 8.09 % |
| MFC.PR.Q | FixedReset Ins Non | -1.38 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-12-07 Maturity Price : 21.45 Evaluated at bid price : 21.45 Bid-YTW : 7.14 % |
| CU.PR.F | Perpetual-Discount | -1.36 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-12-07 Maturity Price : 16.65 Evaluated at bid price : 16.65 Bid-YTW : 6.82 % |
| MFC.PR.C | Insurance Straight | -1.31 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-12-07 Maturity Price : 18.06 Evaluated at bid price : 18.06 Bid-YTW : 6.26 % |
| FTS.PR.K | FixedReset Disc | -1.31 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-12-07 Maturity Price : 17.33 Evaluated at bid price : 17.33 Bid-YTW : 8.25 % |
| ELF.PR.H | Perpetual-Discount | -1.28 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-12-07 Maturity Price : 19.99 Evaluated at bid price : 19.99 Bid-YTW : 7.01 % |
| FFH.PR.I | FixedReset Disc | -1.25 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-12-07 Maturity Price : 15.75 Evaluated at bid price : 15.75 Bid-YTW : 9.52 % |
| TD.PF.E | FixedReset Disc | -1.24 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-12-07 Maturity Price : 19.09 Evaluated at bid price : 19.09 Bid-YTW : 8.02 % |
| BN.PF.A | FixedReset Disc | -1.23 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-12-07 Maturity Price : 20.00 Evaluated at bid price : 20.00 Bid-YTW : 8.46 % |
| CU.PR.G | Perpetual-Discount | -1.19 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-12-07 Maturity Price : 16.60 Evaluated at bid price : 16.60 Bid-YTW : 6.84 % |
| GWO.PR.I | Insurance Straight | -1.18 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-12-07 Maturity Price : 16.80 Evaluated at bid price : 16.80 Bid-YTW : 6.72 % |
| CM.PR.Q | FixedReset Disc | -1.15 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-12-07 Maturity Price : 18.02 Evaluated at bid price : 18.02 Bid-YTW : 8.37 % |
| FFH.PR.H | FloatingReset | -1.15 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-12-07 Maturity Price : 17.20 Evaluated at bid price : 17.20 Bid-YTW : 11.56 % |
| FFH.PR.G | FixedReset Disc | -1.10 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-12-07 Maturity Price : 15.25 Evaluated at bid price : 15.25 Bid-YTW : 9.54 % |
| GWO.PR.G | Insurance Straight | -1.05 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-12-07 Maturity Price : 18.80 Evaluated at bid price : 18.80 Bid-YTW : 6.94 % |
| GWO.PR.S | Insurance Straight | -1.04 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-12-07 Maturity Price : 19.00 Evaluated at bid price : 19.00 Bid-YTW : 6.93 % |
| BN.PF.I | FixedReset Disc | -1.04 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-12-07 Maturity Price : 19.10 Evaluated at bid price : 19.10 Bid-YTW : 9.23 % |
| BIP.PR.F | FixedReset Disc | -1.03 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-12-07 Maturity Price : 19.15 Evaluated at bid price : 19.15 Bid-YTW : 8.55 % |
| GWO.PR.Y | Insurance Straight | 1.01 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-12-07 Maturity Price : 16.95 Evaluated at bid price : 16.95 Bid-YTW : 6.66 % |
| BN.PR.Z | FixedReset Disc | 1.21 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-12-07 Maturity Price : 18.40 Evaluated at bid price : 18.40 Bid-YTW : 8.95 % |
| BN.PR.B | Floater | 1.30 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-12-07 Maturity Price : 10.90 Evaluated at bid price : 10.90 Bid-YTW : 11.99 % |
| BN.PF.H | FixedReset Disc | 1.35 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-12-07 Maturity Price : 20.25 Evaluated at bid price : 20.25 Bid-YTW : 9.18 % |
| BIP.PR.A | FixedReset Disc | 1.78 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-12-07 Maturity Price : 17.12 Evaluated at bid price : 17.12 Bid-YTW : 9.94 % |
| BMO.PR.Y | FixedReset Disc | 3.42 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-12-07 Maturity Price : 18.45 Evaluated at bid price : 18.45 Bid-YTW : 8.11 % |
| Volume Highlights | |||
| Issue | Index | Shares Traded |
Notes |
| TD.PF.I | FixedReset Disc | 161,767 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-12-07 Maturity Price : 22.77 Evaluated at bid price : 23.80 Bid-YTW : 6.93 % |
| CM.PR.Y | FixedReset Disc | 126,100 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-12-07 Maturity Price : 23.77 Evaluated at bid price : 24.40 Bid-YTW : 7.38 % |
| GWO.PR.L | Insurance Straight | 114,300 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-12-07 Maturity Price : 20.71 Evaluated at bid price : 20.71 Bid-YTW : 6.84 % |
| RY.PR.O | Perpetual-Discount | 108,800 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-12-07 Maturity Price : 21.44 Evaluated at bid price : 21.75 Bid-YTW : 5.67 % |
| NA.PR.C | FixedReset Prem | 107,849 | YTW SCENARIO Maturity Type : Call Maturity Date : 2027-11-15 Maturity Price : 25.00 Evaluated at bid price : 25.21 Bid-YTW : 6.97 % |
| POW.PR.D | Perpetual-Discount | 90,404 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-12-07 Maturity Price : 18.00 Evaluated at bid price : 18.00 Bid-YTW : 7.09 % |
| There were 34 other index-included issues trading in excess of 10,000 shares. | |||
| Wide Spread Highlights | ||
| Issue | Index | Quote Data and Yield Notes |
| RY.PR.N | Perpetual-Discount | Quote: 19.71 – 23.94 Spot Rate : 4.2300 Average : 2.3970 YTW SCENARIO |
| MFC.PR.N | FixedReset Ins Non | Quote: 15.00 – 18.23 Spot Rate : 3.2300 Average : 1.9826 YTW SCENARIO |
| TD.PF.J | FixedReset Disc | Quote: 21.70 – 22.75 Spot Rate : 1.0500 Average : 0.5914 YTW SCENARIO |
| MFC.PR.L | FixedReset Ins Non | Quote: 18.61 – 19.76 Spot Rate : 1.1500 Average : 0.7662 YTW SCENARIO |
| CU.PR.I | FixedReset Disc | Quote: 21.20 – 22.15 Spot Rate : 0.9500 Average : 0.5847 YTW SCENARIO |
| PVS.PR.I | SplitShare | Quote: 23.35 – 24.30 Spot Rate : 0.9500 Average : 0.6607 YTW SCENARIO |