TXPR closed at 581.04, up 0.86% on the day. Volume today was 5.57-million, highest by far of the past 21 trading days.
CPD closed at 11.57, up 1.05% on the day. Volume was 163,230, second-highest of the past 21 trading days.
ZPR closed at 10.00, up 1.42% on the day. Volume was 611,560, highest by far of the past 21 trading days.
Five-year Canada yields were unchanged at 3.80%.
The day was enlivened by the unexpected call for redemption of RY.PR.Z, which ignited a furious repricing of bank issues.
| 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 | -0.3213 % | 2,370.0 |
| FixedFloater | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.3213 % | 4,545.6 |
| Floater | 10.15 % | 10.33 % | 45,981 | 9.29 | 1 | -0.3213 % | 2,619.7 |
| OpRet | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.0239 % | 3,430.9 |
| SplitShare | 4.91 % | 7.11 % | 31,421 | 1.76 | 7 | -0.0239 % | 4,097.2 |
| Interest-Bearing | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.0239 % | 3,196.8 |
| Perpetual-Premium | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.3014 % | 2,592.4 |
| Perpetual-Discount | 6.63 % | 6.74 % | 44,079 | 12.92 | 29 | 0.3014 % | 2,826.9 |
| FixedReset Disc | 5.28 % | 7.30 % | 108,148 | 12.01 | 57 | 1.2696 % | 2,520.9 |
| Insurance Straight | 6.57 % | 6.71 % | 53,346 | 12.92 | 21 | -0.1276 % | 2,760.1 |
| FloatingReset | 9.54 % | 9.48 % | 30,321 | 9.97 | 2 | 0.1577 % | 2,679.3 |
| FixedReset Prem | 6.41 % | 6.57 % | 207,756 | 3.16 | 3 | 0.4276 % | 2,508.2 |
| FixedReset Bank Non | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 1.2696 % | 2,576.9 |
| FixedReset Ins Non | 5.37 % | 7.39 % | 72,048 | 12.37 | 14 | 1.1290 % | 2,645.7 |
| Performance Highlights | |||
| Issue | Index | Change | Notes |
| IFC.PR.E | Insurance Straight | -2.45 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-04-16 Maturity Price : 19.51 Evaluated at bid price : 19.51 Bid-YTW : 6.74 % |
| IFC.PR.F | Insurance Straight | -2.13 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-04-16 Maturity Price : 19.30 Evaluated at bid price : 19.30 Bid-YTW : 6.95 % |
| BN.PF.B | FixedReset Disc | -1.84 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-04-16 Maturity Price : 18.66 Evaluated at bid price : 18.66 Bid-YTW : 8.53 % |
| IFC.PR.K | Insurance Straight | -1.75 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-04-16 Maturity Price : 19.65 Evaluated at bid price : 19.65 Bid-YTW : 6.76 % |
| BN.PF.F | FixedReset Disc | -1.52 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-04-16 Maturity Price : 19.40 Evaluated at bid price : 19.40 Bid-YTW : 8.53 % |
| BN.PR.Z | FixedReset Disc | -1.49 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-04-16 Maturity Price : 19.15 Evaluated at bid price : 19.15 Bid-YTW : 8.63 % |
| CU.PR.C | FixedReset Disc | -1.45 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-04-16 Maturity Price : 19.71 Evaluated at bid price : 19.71 Bid-YTW : 7.65 % |
| IFC.PR.I | Insurance Straight | -1.28 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-04-16 Maturity Price : 20.00 Evaluated at bid price : 20.00 Bid-YTW : 6.83 % |
| SLF.PR.C | Insurance Straight | 1.02 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-04-16 Maturity Price : 17.90 Evaluated at bid price : 17.90 Bid-YTW : 6.28 % |
| CM.PR.S | FixedReset Disc | 1.03 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-04-16 Maturity Price : 22.53 Evaluated at bid price : 22.53 Bid-YTW : 6.80 % |
| MFC.PR.N | FixedReset Ins Non | 1.26 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-04-16 Maturity Price : 20.16 Evaluated at bid price : 20.16 Bid-YTW : 7.40 % |
| RY.PR.N | Perpetual-Discount | 1.32 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-04-16 Maturity Price : 21.93 Evaluated at bid price : 22.20 Bid-YTW : 5.60 % |
| GWO.PR.N | FixedReset Ins Non | 1.40 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-04-16 Maturity Price : 14.46 Evaluated at bid price : 14.46 Bid-YTW : 8.09 % |
| MFC.PR.M | FixedReset Ins Non | 1.44 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-04-16 Maturity Price : 20.44 Evaluated at bid price : 20.44 Bid-YTW : 7.44 % |
| BMO.PR.S | FixedReset Disc | 1.54 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-04-16 Maturity Price : 23.26 Evaluated at bid price : 24.47 Bid-YTW : 6.23 % |
| FTS.PR.M | FixedReset Disc | 1.59 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-04-16 Maturity Price : 19.20 Evaluated at bid price : 19.20 Bid-YTW : 8.11 % |
| BMO.PR.T | FixedReset Disc | 1.89 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-04-16 Maturity Price : 23.37 Evaluated at bid price : 24.23 Bid-YTW : 6.17 % |
| TD.PF.E | FixedReset Disc | 1.90 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-04-16 Maturity Price : 22.63 Evaluated at bid price : 23.04 Bid-YTW : 6.76 % |
| TD.PF.A | FixedReset Disc | 1.95 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-04-16 Maturity Price : 23.36 Evaluated at bid price : 24.10 Bid-YTW : 6.08 % |
| BN.PF.I | FixedReset Disc | 2.37 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-04-16 Maturity Price : 21.30 Evaluated at bid price : 21.60 Bid-YTW : 8.31 % |
| TD.PF.D | FixedReset Disc | 2.42 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-04-16 Maturity Price : 22.80 Evaluated at bid price : 23.27 Bid-YTW : 6.67 % |
| TD.PF.J | FixedReset Disc | 2.45 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-04-16 Maturity Price : 22.34 Evaluated at bid price : 23.00 Bid-YTW : 6.80 % |
| BIP.PR.A | FixedReset Disc | 2.46 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-04-16 Maturity Price : 20.00 Evaluated at bid price : 20.00 Bid-YTW : 8.86 % |
| FTS.PR.K | FixedReset Disc | 2.48 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-04-16 Maturity Price : 18.60 Evaluated at bid price : 18.60 Bid-YTW : 7.77 % |
| MFC.PR.I | FixedReset Ins Non | 2.64 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-04-16 Maturity Price : 22.13 Evaluated at bid price : 22.58 Bid-YTW : 7.22 % |
| IFC.PR.A | FixedReset Ins Non | 2.67 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-04-16 Maturity Price : 18.06 Evaluated at bid price : 18.06 Bid-YTW : 7.41 % |
| RY.PR.M | FixedReset Disc | 2.81 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-04-16 Maturity Price : 22.29 Evaluated at bid price : 22.65 Bid-YTW : 6.70 % |
| MFC.PR.Q | FixedReset Ins Non | 2.85 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-04-16 Maturity Price : 21.35 Evaluated at bid price : 21.65 Bid-YTW : 7.23 % |
| CM.PR.P | FixedReset Disc | 2.87 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-04-16 Maturity Price : 22.00 Evaluated at bid price : 22.59 Bid-YTW : 6.47 % |
| CM.PR.O | FixedReset Disc | 3.04 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-04-16 Maturity Price : 22.62 Evaluated at bid price : 23.70 Bid-YTW : 6.30 % |
| RY.PR.J | FixedReset Disc | 4.68 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-04-16 Maturity Price : 22.97 Evaluated at bid price : 23.50 Bid-YTW : 6.72 % |
| CM.PR.Q | FixedReset Disc | 5.68 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-04-16 Maturity Price : 22.78 Evaluated at bid price : 23.25 Bid-YTW : 6.68 % |
| TD.PF.C | FixedReset Disc | 5.71 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-04-16 Maturity Price : 22.56 Evaluated at bid price : 23.15 Bid-YTW : 6.32 % |
| RY.PR.H | FixedReset Disc | 6.83 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-04-16 Maturity Price : 23.40 Evaluated at bid price : 24.26 Bid-YTW : 6.19 % |
| NA.PR.W | FixedReset Disc | 7.16 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-04-16 Maturity Price : 21.55 Evaluated at bid price : 21.55 Bid-YTW : 6.84 % |
| PWF.PR.S | Perpetual-Discount | 7.77 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-04-16 Maturity Price : 17.89 Evaluated at bid price : 17.89 Bid-YTW : 6.74 % |
| RY.PR.Z | FixedReset Disc | 9.80 % | YTW SCENARIO Maturity Type : Call Maturity Date : 2024-05-24 Maturity Price : 25.00 Evaluated at bid price : 25.09 Bid-YTW : 5.34 % |
| Volume Highlights | |||
| Issue | Index | Shares Traded |
Notes |
| RY.PR.Z | FixedReset Disc | 898,925 | YTW SCENARIO Maturity Type : Call Maturity Date : 2024-05-24 Maturity Price : 25.00 Evaluated at bid price : 25.09 Bid-YTW : 5.34 % |
| RY.PR.J | FixedReset Disc | 672,897 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-04-16 Maturity Price : 22.97 Evaluated at bid price : 23.50 Bid-YTW : 6.72 % |
| RY.PR.M | FixedReset Disc | 547,662 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-04-16 Maturity Price : 22.29 Evaluated at bid price : 22.65 Bid-YTW : 6.70 % |
| GWO.PR.N | FixedReset Ins Non | 474,212 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-04-16 Maturity Price : 14.46 Evaluated at bid price : 14.46 Bid-YTW : 8.09 % |
| TD.PF.D | FixedReset Disc | 363,063 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-04-16 Maturity Price : 22.80 Evaluated at bid price : 23.27 Bid-YTW : 6.67 % |
| RY.PR.H | FixedReset Disc | 250,230 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-04-16 Maturity Price : 23.40 Evaluated at bid price : 24.26 Bid-YTW : 6.19 % |
| NA.PR.S | FixedReset Disc | 214,862 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-04-16 Maturity Price : 22.10 Evaluated at bid price : 22.70 Bid-YTW : 6.72 % |
| IFC.PR.A | FixedReset Ins Non | 166,830 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-04-16 Maturity Price : 18.06 Evaluated at bid price : 18.06 Bid-YTW : 7.41 % |
| SLF.PR.G | FixedReset Ins Non | 146,870 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-04-16 Maturity Price : 15.33 Evaluated at bid price : 15.33 Bid-YTW : 8.02 % |
| BMO.PR.T | FixedReset Disc | 143,032 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-04-16 Maturity Price : 23.37 Evaluated at bid price : 24.23 Bid-YTW : 6.17 % |
| MFC.PR.M | FixedReset Ins Non | 121,700 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-04-16 Maturity Price : 20.44 Evaluated at bid price : 20.44 Bid-YTW : 7.44 % |
| BMO.PR.S | FixedReset Disc | 108,033 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-04-16 Maturity Price : 23.26 Evaluated at bid price : 24.47 Bid-YTW : 6.23 % |
| MFC.PR.F | FixedReset Ins Non | 104,541 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-04-16 Maturity Price : 15.40 Evaluated at bid price : 15.40 Bid-YTW : 7.74 % |
| There were 26 other index-included issues trading in excess of 10,000 shares. | |||
| Wide Spread Highlights | ||
| Issue | Index | Quote Data and Yield Notes |
| TD.PF.D | FixedReset Disc | Quote: 23.27 – 25.20 Spot Rate : 1.9300 Average : 1.1283 YTW SCENARIO |
| CCS.PR.C | Insurance Straight | Quote: 18.66 – 20.00 Spot Rate : 1.3400 Average : 0.8333 YTW SCENARIO |
| SLF.PR.C | Insurance Straight | Quote: 17.90 – 19.10 Spot Rate : 1.2000 Average : 0.7824 YTW SCENARIO |
| NA.PR.E | FixedReset Disc | Quote: 22.03 – 23.05 Spot Rate : 1.0200 Average : 0.6717 YTW SCENARIO |
| BN.PF.A | FixedReset Disc | Quote: 21.00 – 22.70 Spot Rate : 1.7000 Average : 1.3693 YTW SCENARIO |
| IFC.PR.F | Insurance Straight | Quote: 19.30 – 20.30 Spot Rate : 1.0000 Average : 0.6867 YTW SCENARIO |