TXPR closed at 569.54, up 0.51% on the day. Volume today was 1.69-million, above the median of the past 21 trading days.
CPD closed at 11.25, unchanged on the day. Volume was 84,000, above the median of the past 21 trading days.
ZPR closed at 9.64, down 0.31% on the day. Volume was 113,450, near the median of the past 21 trading days.
Five-year Canada yields were down to 3.54%.
| 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 | -1.4007 % | 2,244.6 |
| FixedFloater | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -1.4007 % | 4,305.2 |
| Floater | 10.85 % | 11.08 % | 35,244 | 8.71 | 2 | -1.4007 % | 2,481.1 |
| OpRet | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.0060 % | 3,414.9 |
| SplitShare | 4.93 % | 7.31 % | 53,029 | 1.94 | 7 | 0.0060 % | 4,078.1 |
| Interest-Bearing | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.0060 % | 3,181.9 |
| Perpetual-Premium | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.1226 % | 2,673.3 |
| Perpetual-Discount | 6.42 % | 6.55 % | 51,882 | 13.11 | 34 | -0.1226 % | 2,915.1 |
| FixedReset Disc | 5.57 % | 7.52 % | 120,075 | 12.11 | 59 | 0.0582 % | 2,355.0 |
| Insurance Straight | 6.30 % | 6.48 % | 69,996 | 13.21 | 20 | -0.3502 % | 2,874.7 |
| FloatingReset | 10.08 % | 10.49 % | 29,144 | 9.13 | 5 | 0.0890 % | 2,664.5 |
| FixedReset Prem | 6.46 % | 6.39 % | 163,112 | 3.33 | 2 | -0.0198 % | 2,531.2 |
| FixedReset Bank Non | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.0582 % | 2,407.3 |
| FixedReset Ins Non | 5.43 % | 7.17 % | 96,362 | 12.51 | 14 | 0.0664 % | 2,618.8 |
| Performance Highlights | |||
| Issue | Index | Change | Notes |
| SLF.PR.C | Insurance Straight | -6.13 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-29 Maturity Price : 17.93 Evaluated at bid price : 17.93 Bid-YTW : 6.29 % |
| BN.PR.X | FixedReset Disc | -3.81 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-29 Maturity Price : 14.91 Evaluated at bid price : 14.91 Bid-YTW : 8.82 % |
| RY.PR.N | Perpetual-Discount | -2.93 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-29 Maturity Price : 21.19 Evaluated at bid price : 21.19 Bid-YTW : 5.80 % |
| PWF.PR.P | FixedReset Disc | -2.02 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-29 Maturity Price : 14.06 Evaluated at bid price : 14.06 Bid-YTW : 8.44 % |
| IFC.PR.A | FixedReset Ins Non | -1.88 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-29 Maturity Price : 18.30 Evaluated at bid price : 18.30 Bid-YTW : 7.17 % |
| NA.PR.W | FixedReset Disc | -1.62 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-29 Maturity Price : 18.20 Evaluated at bid price : 18.20 Bid-YTW : 7.87 % |
| BIP.PR.B | FixedReset Disc | -1.62 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-29 Maturity Price : 22.77 Evaluated at bid price : 23.12 Bid-YTW : 8.48 % |
| BN.PR.K | Floater | -1.44 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-29 Maturity Price : 11.63 Evaluated at bid price : 11.63 Bid-YTW : 11.08 % |
| BN.PR.B | Floater | -1.36 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-29 Maturity Price : 11.60 Evaluated at bid price : 11.60 Bid-YTW : 11.11 % |
| GWO.PR.G | Insurance Straight | -1.32 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-29 Maturity Price : 20.18 Evaluated at bid price : 20.18 Bid-YTW : 6.53 % |
| GWO.PR.I | Insurance Straight | -1.11 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-29 Maturity Price : 17.80 Evaluated at bid price : 17.80 Bid-YTW : 6.41 % |
| RY.PR.O | Perpetual-Discount | -1.10 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-29 Maturity Price : 21.31 Evaluated at bid price : 21.60 Bid-YTW : 5.67 % |
| CCS.PR.C | Insurance Straight | -1.01 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-29 Maturity Price : 19.55 Evaluated at bid price : 19.55 Bid-YTW : 6.48 % |
| RY.PR.H | FixedReset Disc | -1.01 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-29 Maturity Price : 19.70 Evaluated at bid price : 19.70 Bid-YTW : 7.36 % |
| BMO.PR.F | FixedReset Disc | 1.09 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-29 Maturity Price : 23.85 Evaluated at bid price : 24.65 Bid-YTW : 7.17 % |
| BN.PF.H | FixedReset Disc | 1.13 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-29 Maturity Price : 21.80 Evaluated at bid price : 22.30 Bid-YTW : 8.35 % |
| BMO.PR.S | FixedReset Disc | 1.24 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-29 Maturity Price : 21.07 Evaluated at bid price : 21.07 Bid-YTW : 7.02 % |
| BMO.PR.E | FixedReset Disc | 1.31 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-29 Maturity Price : 23.09 Evaluated at bid price : 24.75 Bid-YTW : 6.42 % |
| CU.PR.C | FixedReset Disc | 1.32 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-29 Maturity Price : 20.00 Evaluated at bid price : 20.00 Bid-YTW : 7.40 % |
| MFC.PR.B | Insurance Straight | 1.47 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-29 Maturity Price : 19.30 Evaluated at bid price : 19.30 Bid-YTW : 6.12 % |
| SLF.PR.J | FloatingReset | 1.56 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-29 Maturity Price : 16.26 Evaluated at bid price : 16.26 Bid-YTW : 10.23 % |
| CM.PR.Q | FixedReset Disc | 1.57 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-29 Maturity Price : 19.45 Evaluated at bid price : 19.45 Bid-YTW : 7.75 % |
| BMO.PR.Y | FixedReset Disc | 1.74 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-29 Maturity Price : 19.70 Evaluated at bid price : 19.70 Bid-YTW : 7.58 % |
| BN.PF.J | FixedReset Disc | 1.98 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-29 Maturity Price : 20.60 Evaluated at bid price : 20.60 Bid-YTW : 8.08 % |
| SLF.PR.H | FixedReset Ins Non | 2.15 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-29 Maturity Price : 19.00 Evaluated at bid price : 19.00 Bid-YTW : 6.99 % |
| Volume Highlights | |||
| Issue | Index | Shares Traded |
Notes |
| MFC.PR.N | FixedReset Ins Non | 43,200 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-29 Maturity Price : 18.90 Evaluated at bid price : 18.90 Bid-YTW : 7.67 % |
| BMO.PR.S | FixedReset Disc | 36,300 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-29 Maturity Price : 21.07 Evaluated at bid price : 21.07 Bid-YTW : 7.02 % |
| BMO.PR.Y | FixedReset Disc | 28,800 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-29 Maturity Price : 19.70 Evaluated at bid price : 19.70 Bid-YTW : 7.58 % |
| RY.PR.Z | FixedReset Disc | 25,400 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-29 Maturity Price : 20.15 Evaluated at bid price : 20.15 Bid-YTW : 7.19 % |
| FTS.PR.G | FixedReset Disc | 23,300 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-29 Maturity Price : 21.15 Evaluated at bid price : 21.15 Bid-YTW : 7.04 % |
| PWF.PR.T | FixedReset Disc | 21,600 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-29 Maturity Price : 20.08 Evaluated at bid price : 20.08 Bid-YTW : 7.46 % |
| There were 13 other index-included issues trading in excess of 10,000 shares. | |||
| Wide Spread Highlights | ||
| Issue | Index | Quote Data and Yield Notes |
| TD.PF.B | FixedReset Disc | Quote: 21.15 – 24.10 Spot Rate : 2.9500 Average : 1.6049 YTW SCENARIO |
| GWO.PR.Q | Insurance Straight | Quote: 20.05 – 21.28 Spot Rate : 1.2300 Average : 0.6927 YTW SCENARIO |
| SLF.PR.C | Insurance Straight | Quote: 17.93 – 19.32 Spot Rate : 1.3900 Average : 0.8615 YTW SCENARIO |
| BN.PF.F | FixedReset Disc | Quote: 18.00 – 19.30 Spot Rate : 1.3000 Average : 0.8368 YTW SCENARIO |
| BN.PF.B | FixedReset Disc | Quote: 19.08 – 20.00 Spot Rate : 0.9200 Average : 0.5571 YTW SCENARIO |
| CM.PR.Q | FixedReset Disc | Quote: 19.45 – 20.50 Spot Rate : 1.0500 Average : 0.7134 YTW SCENARIO |
Wow – did you notice the at market on close buying by Ray J today?
Most likely CPD redeploying the BNS.PR.I money.
Oh ZPR was ex-div yesterday was why it was down.
Now do the ETFs catch up to the MOC move or do the prefs fall back to the ETFs? Is there more BNS money to come? Tune in next time!