I forgot to display a rainbow yesterday – sorry! But there’s a picture for today, anyway:
TXPR closed at 619.18, down 0.64% on the day. Volume today was 744,620, third-lowest of the past 21 trading days.
CPD closed at 12.255, down 0.69% on the day. Volume was 97,860, second-highest of the past 21 trading days.
ZPR closed at 10.46, down 0.95% on the day. Volume was 279,740, fourth-highest of the past 21 trading days.
Five-year Canada yields were up to 2.76%.
| 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 | -0.0879 % | 2,167.5 |
| FixedFloater | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.0879 % | 4,157.3 |
| Floater | 9.93 % | 10.05 % | 85,091 | 9.54 | 2 | -0.0879 % | 2,395.9 |
| OpRet | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.1213 % | 3,575.3 |
| SplitShare | 4.82 % | 5.30 % | 97,553 | 4.17 | 4 | 0.1213 % | 4,269.6 |
| Interest-Bearing | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.1213 % | 3,331.3 |
| Perpetual-Premium | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.2377 % | 2,924.2 |
| Perpetual-Discount | 5.89 % | 5.96 % | 50,143 | 13.91 | 31 | -0.2377 % | 3,188.7 |
| FixedReset Disc | 5.49 % | 6.56 % | 114,356 | 13.01 | 58 | -0.0221 % | 2,659.0 |
| Insurance Straight | 5.68 % | 5.76 % | 62,582 | 14.27 | 20 | 0.5317 % | 3,184.7 |
| FloatingReset | 8.14 % | 8.25 % | 29,947 | 11.16 | 2 | -0.0523 % | 2,740.5 |
| FixedReset Prem | 6.44 % | 5.53 % | 221,863 | 13.57 | 7 | 0.2005 % | 2,573.3 |
| FixedReset Bank Non | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.0221 % | 2,718.1 |
| FixedReset Ins Non | 5.23 % | 5.94 % | 100,710 | 13.98 | 14 | -0.0240 % | 2,810.8 |
| Performance Highlights | |||
| Issue | Index | Change | Notes |
| ENB.PF.G | FixedReset Disc | -3.91 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-10-01 Maturity Price : 17.20 Evaluated at bid price : 17.20 Bid-YTW : 7.72 % |
| BN.PR.M | Perpetual-Discount | -3.66 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-10-01 Maturity Price : 18.40 Evaluated at bid price : 18.40 Bid-YTW : 6.51 % |
| CU.PR.F | Perpetual-Discount | -3.66 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-10-01 Maturity Price : 18.70 Evaluated at bid price : 18.70 Bid-YTW : 6.10 % |
| POW.PR.C | Perpetual-Discount | -3.51 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-10-01 Maturity Price : 23.35 Evaluated at bid price : 23.64 Bid-YTW : 6.15 % |
| PWF.PR.P | FixedReset Disc | -3.36 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-10-01 Maturity Price : 14.40 Evaluated at bid price : 14.40 Bid-YTW : 7.23 % |
| IFC.PR.C | FixedReset Ins Non | -1.91 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-10-01 Maturity Price : 20.50 Evaluated at bid price : 20.50 Bid-YTW : 6.31 % |
| CU.PR.G | Perpetual-Discount | -1.54 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-10-01 Maturity Price : 19.20 Evaluated at bid price : 19.20 Bid-YTW : 5.94 % |
| GWO.PR.Y | Insurance Straight | -1.52 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-10-01 Maturity Price : 19.50 Evaluated at bid price : 19.50 Bid-YTW : 5.81 % |
| GWO.PR.S | Insurance Straight | -1.23 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-10-01 Maturity Price : 22.25 Evaluated at bid price : 22.52 Bid-YTW : 5.86 % |
| TD.PF.E | FixedReset Disc | -1.14 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-10-01 Maturity Price : 22.90 Evaluated at bid price : 23.43 Bid-YTW : 5.86 % |
| ENB.PR.Y | FixedReset Disc | -1.09 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-10-01 Maturity Price : 18.15 Evaluated at bid price : 18.15 Bid-YTW : 7.24 % |
| BN.PF.F | FixedReset Disc | -1.01 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-10-01 Maturity Price : 20.55 Evaluated at bid price : 20.55 Bid-YTW : 6.87 % |
| CU.PR.E | Perpetual-Discount | -1.00 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-10-01 Maturity Price : 20.79 Evaluated at bid price : 20.79 Bid-YTW : 5.97 % |
| FFH.PR.E | FixedReset Disc | 1.02 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-10-01 Maturity Price : 16.87 Evaluated at bid price : 16.87 Bid-YTW : 7.23 % |
| FFH.PR.I | FixedReset Disc | 1.03 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-10-01 Maturity Price : 18.59 Evaluated at bid price : 18.59 Bid-YTW : 7.29 % |
| ENB.PF.K | FixedReset Disc | 1.08 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-10-01 Maturity Price : 22.67 Evaluated at bid price : 23.50 Bid-YTW : 6.41 % |
| BN.PR.N | Perpetual-Discount | 1.35 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-10-01 Maturity Price : 19.55 Evaluated at bid price : 19.55 Bid-YTW : 6.12 % |
| NA.PR.C | FixedReset Prem | 1.63 % | YTW SCENARIO Maturity Type : Call Maturity Date : 2027-11-15 Maturity Price : 25.00 Evaluated at bid price : 26.25 Bid-YTW : 5.63 % |
| BN.PF.I | FixedReset Disc | 1.63 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-10-01 Maturity Price : 22.53 Evaluated at bid price : 23.05 Bid-YTW : 6.95 % |
| GWO.PR.H | Insurance Straight | 1.98 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-10-01 Maturity Price : 21.16 Evaluated at bid price : 21.16 Bid-YTW : 5.77 % |
| GWO.PR.Q | Insurance Straight | 2.28 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-10-01 Maturity Price : 22.12 Evaluated at bid price : 22.40 Bid-YTW : 5.77 % |
| BN.PF.A | FixedReset Disc | 3.38 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-10-01 Maturity Price : 22.63 Evaluated at bid price : 23.53 Bid-YTW : 6.30 % |
| CCS.PR.C | Insurance Straight | 3.99 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-10-01 Maturity Price : 22.69 Evaluated at bid price : 22.93 Bid-YTW : 5.48 % |
| SLF.PR.H | FixedReset Ins Non | 4.78 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-10-01 Maturity Price : 18.86 Evaluated at bid price : 18.86 Bid-YTW : 6.20 % |
| GWO.PR.T | Insurance Straight | 4.80 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-10-01 Maturity Price : 21.80 Evaluated at bid price : 22.27 Bid-YTW : 5.80 % |
| Volume Highlights | |||
| Issue | Index | Shares Traded |
Notes |
| PVS.PR.L | SplitShare | 150,700 | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2030-06-30 Maturity Price : 25.00 Evaluated at bid price : 25.28 Bid-YTW : 5.30 % |
| FTS.PR.M | FixedReset Disc | 56,870 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-10-01 Maturity Price : 20.20 Evaluated at bid price : 20.20 Bid-YTW : 6.52 % |
| BN.PF.B | FixedReset Disc | 22,600 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-10-01 Maturity Price : 21.40 Evaluated at bid price : 21.40 Bid-YTW : 6.60 % |
| BIP.PR.A | FixedReset Disc | 21,902 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-10-01 Maturity Price : 21.24 Evaluated at bid price : 21.24 Bid-YTW : 7.32 % |
| NA.PR.S | FixedReset Disc | 21,295 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-10-01 Maturity Price : 23.18 Evaluated at bid price : 24.97 Bid-YTW : 5.43 % |
| FTS.PR.K | FixedReset Disc | 20,000 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-10-01 Maturity Price : 20.83 Evaluated at bid price : 20.83 Bid-YTW : 6.06 % |
| There were 9 other index-included issues trading in excess of 10,000 shares. | |||
| Wide Spread Highlights | ||
| Issue | Index | Quote Data and Yield Notes |
| BN.PR.M | Perpetual-Discount | Quote: 18.40 – 19.90 Spot Rate : 1.5000 Average : 1.0521 YTW SCENARIO |
| POW.PR.C | Perpetual-Discount | Quote: 23.64 – 24.63 Spot Rate : 0.9900 Average : 0.5899 YTW SCENARIO |
| PWF.PR.P | FixedReset Disc | Quote: 14.40 – 15.25 Spot Rate : 0.8500 Average : 0.5332 YTW SCENARIO |
| ENB.PF.G | FixedReset Disc | Quote: 17.20 – 17.99 Spot Rate : 0.7900 Average : 0.5297 YTW SCENARIO |
| BN.PF.F | FixedReset Disc | Quote: 20.55 – 21.09 Spot Rate : 0.5400 Average : 0.3762 YTW SCENARIO |
| BN.PR.X | FixedReset Disc | Quote: 15.21 – 16.90 Spot Rate : 1.6900 Average : 1.5348 YTW SCENARIO |