TXPR closed at 573.33, up 0.86% on the day. Volume today was 3.40-million, second-highest of the past 21 trading days.
CPD closed at 11.46, up 1.33% on the day. Volume was 113,640, highest of the past 21 trading days.
ZPR closed at 9.72, up 0.41% on the day. Volume was 117,890, near the median of the past 21 trading days.
Five-year Canada yields were down to 3.38%.
The G&M comments:
A raft of economic data showed rising productivity helping to cap U.S. labour costs, while an increase in announced layoffs and weekly U.S. jobless claims provided further evidence of softening in the labour market, which is viewed by the Fed as a precondition to assuring a sustainable downward path for inflation. U.S. manufacturing stabilized in January amid a rebound in new orders, while Canadian manufacturing data also offered encouragement. It showed a slowdown in the pace of contraction in the sector as inflation pressures eased and firms grew more confident about the outlook.
| 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 | 0.7719 % | 2,270.7 |
| FixedFloater | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.7719 % | 4,355.2 |
| Floater | 10.72 % | 10.97 % | 34,188 | 8.78 | 2 | 0.7719 % | 2,509.9 |
| OpRet | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.2343 % | 3,425.8 |
| SplitShare | 4.91 % | 7.22 % | 48,879 | 1.93 | 7 | 0.2343 % | 4,091.1 |
| Interest-Bearing | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.2343 % | 3,192.0 |
| Perpetual-Premium | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.5828 % | 2,694.6 |
| Perpetual-Discount | 6.37 % | 6.49 % | 52,792 | 13.21 | 34 | 0.5828 % | 2,938.3 |
| FixedReset Disc | 5.57 % | 7.47 % | 120,718 | 12.12 | 59 | 0.3441 % | 2,370.3 |
| Insurance Straight | 6.23 % | 6.42 % | 70,847 | 13.29 | 20 | 0.1677 % | 2,908.7 |
| FloatingReset | 10.07 % | 10.35 % | 29,460 | 9.23 | 5 | 0.1445 % | 2,668.7 |
| FixedReset Prem | 6.89 % | 6.41 % | 175,284 | 3.32 | 1 | -0.1566 % | 2,534.2 |
| FixedReset Bank Non | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.3441 % | 2,423.0 |
| FixedReset Ins Non | 5.38 % | 7.03 % | 102,564 | 12.60 | 14 | 0.7138 % | 2,642.0 |
| Performance Highlights | |||
| Issue | Index | Change | Notes |
| PWF.PR.P | FixedReset Disc | -6.76 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-02-01 Maturity Price : 13.10 Evaluated at bid price : 13.10 Bid-YTW : 9.03 % |
| BN.PF.H | FixedReset Disc | -5.50 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-02-01 Maturity Price : 21.12 Evaluated at bid price : 21.12 Bid-YTW : 8.84 % |
| BN.PR.X | FixedReset Disc | -3.50 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-02-01 Maturity Price : 14.91 Evaluated at bid price : 14.91 Bid-YTW : 8.83 % |
| GWO.PR.N | FixedReset Ins Non | -1.73 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-02-01 Maturity Price : 14.16 Evaluated at bid price : 14.16 Bid-YTW : 7.95 % |
| FTS.PR.K | FixedReset Disc | -1.18 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-02-01 Maturity Price : 19.27 Evaluated at bid price : 19.27 Bid-YTW : 7.46 % |
| GWO.PR.Y | Insurance Straight | -1.05 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-02-01 Maturity Price : 17.92 Evaluated at bid price : 17.92 Bid-YTW : 6.37 % |
| PWF.PR.O | Perpetual-Discount | 1.00 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-02-01 Maturity Price : 21.98 Evaluated at bid price : 22.22 Bid-YTW : 6.57 % |
| CU.PR.G | Perpetual-Discount | 1.00 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-02-01 Maturity Price : 18.14 Evaluated at bid price : 18.14 Bid-YTW : 6.21 % |
| BMO.PR.Y | FixedReset Disc | 1.02 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-02-01 Maturity Price : 19.76 Evaluated at bid price : 19.76 Bid-YTW : 7.56 % |
| MIC.PR.A | Perpetual-Discount | 1.05 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-02-01 Maturity Price : 19.21 Evaluated at bid price : 19.21 Bid-YTW : 7.14 % |
| IFC.PR.C | FixedReset Ins Non | 1.06 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-02-01 Maturity Price : 19.96 Evaluated at bid price : 19.96 Bid-YTW : 7.27 % |
| FTS.PR.M | FixedReset Disc | 1.06 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-02-01 Maturity Price : 19.00 Evaluated at bid price : 19.00 Bid-YTW : 7.97 % |
| POW.PR.D | Perpetual-Discount | 1.14 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-02-01 Maturity Price : 19.50 Evaluated at bid price : 19.50 Bid-YTW : 6.48 % |
| PWF.PR.G | Perpetual-Discount | 1.19 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-02-01 Maturity Price : 22.62 Evaluated at bid price : 22.87 Bid-YTW : 6.49 % |
| SLF.PR.D | Insurance Straight | 1.21 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-02-01 Maturity Price : 19.23 Evaluated at bid price : 19.23 Bid-YTW : 5.86 % |
| CM.PR.P | FixedReset Disc | 1.23 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-02-01 Maturity Price : 18.90 Evaluated at bid price : 18.90 Bid-YTW : 7.56 % |
| BMO.PR.T | FixedReset Disc | 1.27 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-02-01 Maturity Price : 19.97 Evaluated at bid price : 19.97 Bid-YTW : 7.24 % |
| BN.PR.N | Perpetual-Discount | 1.33 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-02-01 Maturity Price : 18.24 Evaluated at bid price : 18.24 Bid-YTW : 6.61 % |
| CU.PR.J | Perpetual-Discount | 1.34 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-02-01 Maturity Price : 18.92 Evaluated at bid price : 18.92 Bid-YTW : 6.29 % |
| FTS.PR.G | FixedReset Disc | 1.52 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-02-01 Maturity Price : 21.43 Evaluated at bid price : 21.43 Bid-YTW : 6.95 % |
| BN.PF.C | Perpetual-Discount | 1.64 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-02-01 Maturity Price : 18.55 Evaluated at bid price : 18.55 Bid-YTW : 6.63 % |
| BN.PF.F | FixedReset Disc | 1.65 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-02-01 Maturity Price : 18.50 Evaluated at bid price : 18.50 Bid-YTW : 8.70 % |
| BN.PF.D | Perpetual-Discount | 1.74 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-02-01 Maturity Price : 18.68 Evaluated at bid price : 18.68 Bid-YTW : 6.66 % |
| BN.PR.M | Perpetual-Discount | 1.80 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-02-01 Maturity Price : 18.68 Evaluated at bid price : 18.68 Bid-YTW : 6.45 % |
| CIU.PR.A | Perpetual-Discount | 1.99 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-02-01 Maturity Price : 17.95 Evaluated at bid price : 17.95 Bid-YTW : 6.42 % |
| CU.PR.I | FixedReset Disc | 2.10 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-02-01 Maturity Price : 23.01 Evaluated at bid price : 23.38 Bid-YTW : 7.42 % |
| BN.PF.G | FixedReset Disc | 2.43 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-02-01 Maturity Price : 17.72 Evaluated at bid price : 17.72 Bid-YTW : 8.72 % |
| BIP.PR.F | FixedReset Disc | 2.93 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-02-01 Maturity Price : 21.10 Evaluated at bid price : 21.10 Bid-YTW : 7.80 % |
| NA.PR.W | FixedReset Disc | 3.57 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-02-01 Maturity Price : 18.85 Evaluated at bid price : 18.85 Bid-YTW : 7.60 % |
| BMO.PR.W | FixedReset Disc | 7.94 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-02-01 Maturity Price : 19.16 Evaluated at bid price : 19.16 Bid-YTW : 7.48 % |
| IFC.PR.A | FixedReset Ins Non | 8.60 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-02-01 Maturity Price : 19.44 Evaluated at bid price : 19.44 Bid-YTW : 6.76 % |
| Volume Highlights | |||
| Issue | Index | Shares Traded |
Notes |
| TD.PF.J | FixedReset Disc | 215,396 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-02-01 Maturity Price : 21.66 Evaluated at bid price : 21.99 Bid-YTW : 7.01 % |
| CM.PR.S | FixedReset Disc | 164,427 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-02-01 Maturity Price : 21.85 Evaluated at bid price : 21.85 Bid-YTW : 6.91 % |
| PWF.PR.P | FixedReset Disc | 106,100 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-02-01 Maturity Price : 13.10 Evaluated at bid price : 13.10 Bid-YTW : 9.03 % |
| RY.PR.H | FixedReset Disc | 90,116 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-02-01 Maturity Price : 19.80 Evaluated at bid price : 19.80 Bid-YTW : 7.33 % |
| TD.PF.B | FixedReset Disc | 89,300 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-02-01 Maturity Price : 21.45 Evaluated at bid price : 21.45 Bid-YTW : 6.81 % |
| TD.PF.L | FixedReset Disc | 86,266 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-02-01 Maturity Price : 23.91 Evaluated at bid price : 24.76 Bid-YTW : 6.93 % |
| There were 37 other index-included issues trading in excess of 10,000 shares. | |||
| Wide Spread Highlights | ||
| Issue | Index | Quote Data and Yield Notes |
| MFC.PR.F | FixedReset Ins Non | Quote: 15.06 – 19.38 Spot Rate : 4.3200 Average : 2.4164 YTW SCENARIO |
| FTS.PR.M | FixedReset Disc | Quote: 19.00 – 21.22 Spot Rate : 2.2200 Average : 1.2726 YTW SCENARIO |
| BIP.PR.E | FixedReset Disc | Quote: 21.25 – 22.90 Spot Rate : 1.6500 Average : 1.1011 YTW SCENARIO |
| BN.PF.H | FixedReset Disc | Quote: 21.12 – 22.45 Spot Rate : 1.3300 Average : 0.7821 YTW SCENARIO |
| CU.PR.H | Perpetual-Discount | Quote: 20.40 – 22.05 Spot Rate : 1.6500 Average : 1.1787 YTW SCENARIO |
| PWF.PR.P | FixedReset Disc | Quote: 13.10 – 14.74 Spot Rate : 1.6400 Average : 1.1730 YTW SCENARIO |