Another solid day, with TXPR up 0.46% after setting a new 52-week high.
| 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 | 0.2974 % | 2,312.5 |
| FixedFloater | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.2974 % | 4,435.3 |
| Floater | 7.54 % | 7.85 % | 34,444 | 11.44 | 4 | 0.2974 % | 2,556.1 |
| OpRet | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.0455 % | 3,629.8 |
| SplitShare | 4.76 % | 4.18 % | 65,275 | 1.17 | 7 | 0.0455 % | 4,334.8 |
| Interest-Bearing | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.0455 % | 3,382.2 |
| Perpetual-Premium | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.3264 % | 2,908.7 |
| Perpetual-Discount | 5.90 % | 6.08 % | 53,076 | 13.72 | 32 | 0.3264 % | 3,171.8 |
| FixedReset Disc | 5.40 % | 6.56 % | 102,405 | 12.83 | 53 | 0.5379 % | 2,782.3 |
| Insurance Straight | 5.87 % | 5.94 % | 67,944 | 14.01 | 21 | 0.6556 % | 3,082.8 |
| FloatingReset | 6.43 % | 6.10 % | 33,684 | 12.81 | 4 | -0.3578 % | 3,366.3 |
| FixedReset Prem | 6.02 % | 5.49 % | 217,660 | 13.90 | 9 | 0.1518 % | 2,602.0 |
| FixedReset Bank Non | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.5379 % | 2,844.0 |
| FixedReset Ins Non | 5.15 % | 5.89 % | 86,291 | 13.92 | 14 | 0.1525 % | 2,853.0 |
| Performance Highlights | |||
| Issue | Index | Change | Notes |
| PWF.PR.L | Perpetual-Discount | -2.55 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-12-12 Maturity Price : 20.66 Evaluated at bid price : 20.66 Bid-YTW : 6.27 % |
| CCS.PR.C | Insurance Straight | -1.20 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-12-12 Maturity Price : 20.60 Evaluated at bid price : 20.60 Bid-YTW : 6.09 % |
| FFH.PR.G | FixedReset Disc | -1.19 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-12-12 Maturity Price : 21.32 Evaluated at bid price : 21.60 Bid-YTW : 6.20 % |
| FFH.PR.F | FloatingReset | -1.05 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-12-12 Maturity Price : 22.26 Evaluated at bid price : 22.51 Bid-YTW : 6.10 % |
| MFC.PR.J | FixedReset Ins Non | -1.04 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-12-12 Maturity Price : 22.87 Evaluated at bid price : 23.85 Bid-YTW : 5.88 % |
| SLF.PR.J | FloatingReset | -1.03 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-12-12 Maturity Price : 16.33 Evaluated at bid price : 16.33 Bid-YTW : 7.14 % |
| BN.PR.X | FixedReset Disc | -1.01 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-12-12 Maturity Price : 16.63 Evaluated at bid price : 16.63 Bid-YTW : 7.18 % |
| CU.PR.J | Perpetual-Discount | 1.01 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-12-12 Maturity Price : 19.96 Evaluated at bid price : 19.96 Bid-YTW : 6.01 % |
| FTS.PR.G | FixedReset Disc | 1.01 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-12-12 Maturity Price : 21.65 Evaluated at bid price : 21.93 Bid-YTW : 6.05 % |
| ENB.PR.T | FixedReset Disc | 1.02 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-12-12 Maturity Price : 20.71 Evaluated at bid price : 20.71 Bid-YTW : 6.90 % |
| ENB.PR.P | FixedReset Disc | 1.12 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-12-12 Maturity Price : 19.82 Evaluated at bid price : 19.82 Bid-YTW : 7.05 % |
| GWO.PR.R | Insurance Straight | 1.14 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-12-12 Maturity Price : 20.33 Evaluated at bid price : 20.33 Bid-YTW : 5.93 % |
| ENB.PR.H | FixedReset Disc | 1.15 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-12-12 Maturity Price : 20.30 Evaluated at bid price : 20.30 Bid-YTW : 6.56 % |
| CU.PR.F | Perpetual-Discount | 1.15 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-12-12 Maturity Price : 19.35 Evaluated at bid price : 19.35 Bid-YTW : 5.87 % |
| ENB.PR.J | FixedReset Disc | 1.16 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-12-12 Maturity Price : 20.13 Evaluated at bid price : 20.13 Bid-YTW : 7.03 % |
| BN.PR.M | Perpetual-Discount | 1.24 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-12-12 Maturity Price : 19.56 Evaluated at bid price : 19.56 Bid-YTW : 6.21 % |
| ENB.PR.B | FixedReset Disc | 1.25 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-12-12 Maturity Price : 18.58 Evaluated at bid price : 18.58 Bid-YTW : 7.16 % |
| POW.PR.C | Perpetual-Discount | 1.43 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-12-12 Maturity Price : 23.84 Evaluated at bid price : 24.09 Bid-YTW : 6.12 % |
| GWO.PR.Y | Insurance Straight | 1.59 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-12-12 Maturity Price : 19.16 Evaluated at bid price : 19.16 Bid-YTW : 5.89 % |
| GWO.PR.N | FixedReset Ins Non | 1.67 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-12-12 Maturity Price : 15.25 Evaluated at bid price : 15.25 Bid-YTW : 6.57 % |
| ENB.PR.D | FixedReset Disc | 1.83 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-12-12 Maturity Price : 18.94 Evaluated at bid price : 18.94 Bid-YTW : 7.05 % |
| SLF.PR.C | Insurance Straight | 6.58 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-12-12 Maturity Price : 20.25 Evaluated at bid price : 20.25 Bid-YTW : 5.51 % |
| BN.PF.J | FixedReset Disc | 6.91 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-12-12 Maturity Price : 22.55 Evaluated at bid price : 23.20 Bid-YTW : 6.62 % |
| Volume Highlights | |||
| Issue | Index | Shares Traded |
Notes |
| FFH.PR.E | FixedReset Disc | 217,210 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-12-12 Maturity Price : 22.06 Evaluated at bid price : 22.65 Bid-YTW : 5.56 % |
| IFC.PR.A | FixedReset Ins Non | 70,100 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-12-12 Maturity Price : 20.32 Evaluated at bid price : 20.32 Bid-YTW : 5.83 % |
| MFC.PR.M | FixedReset Ins Non | 34,895 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-12-12 Maturity Price : 21.81 Evaluated at bid price : 22.25 Bid-YTW : 5.89 % |
| BN.PF.C | Perpetual-Discount | 32,520 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-12-12 Maturity Price : 19.90 Evaluated at bid price : 19.90 Bid-YTW : 6.23 % |
| BN.PR.C | Floater | 32,100 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-12-12 Maturity Price : 12.48 Evaluated at bid price : 12.48 Bid-YTW : 7.85 % |
| BN.PF.A | FixedReset Disc | 24,342 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-12-12 Maturity Price : 23.13 Evaluated at bid price : 24.60 Bid-YTW : 6.18 % |
| There were 12 other index-included issues trading in excess of 10,000 shares. | |||
| Wide Spread Highlights | ||
| Issue | Index | Quote Data and Yield Notes |
| BN.PF.E | FixedReset Disc | Quote: 19.77 – 22.73 Spot Rate : 2.9600 Average : 1.6285 YTW SCENARIO |
| SLF.PR.E | Insurance Straight | Quote: 19.00 – 20.60 Spot Rate : 1.6000 Average : 1.3119 YTW SCENARIO |
| PWF.PR.L | Perpetual-Discount | Quote: 20.66 – 21.38 Spot Rate : 0.7200 Average : 0.4481 YTW SCENARIO |
| TD.PF.E | FixedReset Disc | Quote: 24.30 – 25.00 Spot Rate : 0.7000 Average : 0.4519 YTW SCENARIO |
| BN.PF.D | Perpetual-Discount | Quote: 19.80 – 20.48 Spot Rate : 0.6800 Average : 0.4415 YTW SCENARIO |
| PVS.PR.K | SplitShare | Quote: 25.10 – 26.00 Spot Rate : 0.9000 Average : 0.6745 YTW SCENARIO |
Any info on what happened to DFN.PR.A today … Down 1.34% and volume of 1.45 MILLION shares!
And
according to TMXMoney.
No idea, I’m afraid!
[…] on top of DFN.PR.A’s high-volume price drop yesterday, it all leaves me quite […]
Re high volume day for DFN.PR.A, only thing I can add is that at the open, 1.9 million shares were entered on the CHI-X exchange which dropped the price about 12 cents. This has happened before e.g. Feb 23, 2023, 1.8 mil DFN.PR.A shares were put out at the open @ $9.41 which dropped the price about 0.15 to 0.17 cents. Or April 20, 2023 FTN.PR.A put out 1.03 million shares at the open @ $9.69 and the price fell to $9.55 before closing @ $9.64. Could that be Quadravest ATM batches? No idea… So on the odd occasion I see a sudden unexplained splitshare pref price drop I check Stockwatch to look for a big batch being sold at the open.
Re high volume day for DFN.PR.A, only thing I can add is that at the open, 1.9 million shares were entered on the CHI-X exchange which dropped the price about 12 cents.
…
So on the odd occasion I see a sudden unexplained splitshare pref price drop I check Stockwatch to look for a big batch being sold at the open.
Huh.
Well, I’m not a block trader, so I don’t want to sound too emphatic. But I will say I’m suspicious of this trading strategy – seems to me you’re showing too many of your cards in the first round of play.
And welcome to the blog, navguy!