Market Action

December 15, 2016

We have a late entry for the ‘Most Loony Government Initiative of 2016’ contest – easy credit for Vancouver house-buyers:

The province of British Columbia will start a program on Jan. 16 that will offer to match the nest egg amassed by buyers for their first house by up to C$37,500 ($28,000) or 5 percent of the purchase value, B.C. Premier Christy Clark said at a news conference. It’s estimated to cost about C$703 million ($526 million) over the next three years and help about 42,000 households enter the market.

Under the new first-time buyer program, the 25-year loans will have no interest and no repayment for the first five years. They will only be available to first-time buyers who already qualify for a mortgage under the recent, stricter rules introduced by the federal government, Clark said.

The program may only “incrementally help” home sales in B.C. and may be more positive for mortgage insurers like Genworth MI Canada Inc. than lenders, RBC Capital Markets said in a note to clients after the announcement.

The program doesn’t solve the core problem of high property values next to relatively low incomes, said Andy Yan, Director, City Program, at Simon Fraser University.

“The metro Vancouver area is the most indebted metropolitan area in Canada. What does this C$37,000 enticement do but encourage people to take on more debt?” Yan said by phone.

“All the benefit could end up going to sellers,” said Thomas Davidoff, head of the University of British Columbia’s Centre for Urban Economics and Real Estate. If a homebuyer is willing to pay C$500,000 and is presented with an extra C$30,000 of interest-free money, he’ll just end up bidding C$530,000, Davidoff said.

“Subsidies on the demand side are not the way to address affordability in a supply-compromised market,” he said.

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 1.0655 % 1,784.1
FixedFloater 0.00 % 0.00 % 0 0.00 0 1.0655 % 3,259.2
Floater 4.24 % 4.32 % 54,901 16.80 4 1.0655 % 1,878.3
OpRet 0.00 % 0.00 % 0 0.00 0 -0.0396 % 2,929.4
SplitShare 4.83 % 4.22 % 84,662 1.97 6 -0.0396 % 3,498.3
Interest-Bearing 0.00 % 0.00 % 0 0.00 0 -0.0396 % 2,729.5
Perpetual-Premium 5.46 % 5.41 % 84,836 14.43 23 0.2367 % 2,651.7
Perpetual-Discount 5.47 % 5.49 % 103,918 14.62 15 0.7143 % 2,749.1
FixedReset 4.79 % 4.62 % 229,842 6.80 96 1.5389 % 2,134.9
Deemed-Retractible 5.18 % 4.57 % 146,412 4.55 32 0.4550 % 2,747.6
FloatingReset 2.83 % 3.77 % 47,849 4.81 12 0.6277 % 2,313.1
Performance Highlights
Issue Index Change Notes
CCS.PR.C Deemed-Retractible -1.22 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 22.72
Bid-YTW : 6.47 %
TRP.PR.J FixedReset 1.04 % YTW SCENARIO
Maturity Type : Call
Maturity Date : 2021-05-31
Maturity Price : 25.00
Evaluated at bid price : 26.27
Bid-YTW : 4.32 %
SLF.PR.A Deemed-Retractible 1.08 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 22.41
Bid-YTW : 6.41 %
SLF.PR.J FloatingReset 1.09 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 13.96
Bid-YTW : 9.92 %
FTS.PR.J Perpetual-Discount 1.10 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2046-12-15
Maturity Price : 21.62
Evaluated at bid price : 21.97
Bid-YTW : 5.44 %
SLF.PR.B Deemed-Retractible 1.13 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 22.42
Bid-YTW : 6.46 %
SLF.PR.E Deemed-Retractible 1.15 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 21.12
Bid-YTW : 7.05 %
SLF.PR.C Deemed-Retractible 1.21 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 20.95
Bid-YTW : 7.12 %
BNS.PR.Q FixedReset 1.21 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2022-01-31
Maturity Price : 25.00
Evaluated at bid price : 24.17
Bid-YTW : 3.94 %
BMO.PR.M FixedReset 1.25 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2022-01-31
Maturity Price : 25.00
Evaluated at bid price : 24.25
Bid-YTW : 3.66 %
IFC.PR.A FixedReset 1.28 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 16.56
Bid-YTW : 8.94 %
BAM.PR.M Perpetual-Discount 1.34 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2046-12-15
Maturity Price : 21.23
Evaluated at bid price : 21.23
Bid-YTW : 5.62 %
PWF.PR.A Floater 1.34 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2046-12-15
Maturity Price : 12.08
Evaluated at bid price : 12.08
Bid-YTW : 3.94 %
PWF.PR.S Perpetual-Discount 1.37 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2046-12-15
Maturity Price : 21.84
Evaluated at bid price : 22.16
Bid-YTW : 5.48 %
BAM.PR.B Floater 1.39 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2046-12-15
Maturity Price : 10.94
Evaluated at bid price : 10.94
Bid-YTW : 4.32 %
NA.PR.W FixedReset 1.40 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2046-12-15
Maturity Price : 18.81
Evaluated at bid price : 18.81
Bid-YTW : 4.62 %
PWF.PR.T FixedReset 1.42 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2046-12-15
Maturity Price : 20.05
Evaluated at bid price : 20.05
Bid-YTW : 4.48 %
HSE.PR.G FixedReset 1.43 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2046-12-15
Maturity Price : 21.73
Evaluated at bid price : 22.02
Bid-YTW : 5.23 %
BMO.PR.S FixedReset 1.44 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2046-12-15
Maturity Price : 19.77
Evaluated at bid price : 19.77
Bid-YTW : 4.46 %
SLF.PR.D Deemed-Retractible 1.45 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 20.97
Bid-YTW : 7.10 %
SLF.PR.G FixedReset 1.50 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 14.92
Bid-YTW : 9.67 %
BMO.PR.Y FixedReset 1.50 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2046-12-15
Maturity Price : 21.33
Evaluated at bid price : 21.63
Bid-YTW : 4.41 %
HSE.PR.C FixedReset 1.50 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2046-12-15
Maturity Price : 20.92
Evaluated at bid price : 20.92
Bid-YTW : 5.12 %
RY.PR.J FixedReset 1.51 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2046-12-15
Maturity Price : 20.81
Evaluated at bid price : 20.81
Bid-YTW : 4.59 %
MFC.PR.C Deemed-Retractible 1.52 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 21.42
Bid-YTW : 6.86 %
RY.PR.H FixedReset 1.52 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2046-12-15
Maturity Price : 19.32
Evaluated at bid price : 19.32
Bid-YTW : 4.48 %
BAM.PF.D Perpetual-Discount 1.53 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2046-12-15
Maturity Price : 21.66
Evaluated at bid price : 21.94
Bid-YTW : 5.59 %
BAM.PF.C Perpetual-Discount 1.56 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2046-12-15
Maturity Price : 21.55
Evaluated at bid price : 21.55
Bid-YTW : 5.65 %
HSE.PR.E FixedReset 1.56 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2046-12-15
Maturity Price : 21.79
Evaluated at bid price : 22.08
Bid-YTW : 5.24 %
CM.PR.P FixedReset 1.58 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2046-12-15
Maturity Price : 19.23
Evaluated at bid price : 19.23
Bid-YTW : 4.49 %
BMO.PR.W FixedReset 1.59 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2046-12-15
Maturity Price : 19.22
Evaluated at bid price : 19.22
Bid-YTW : 4.44 %
CM.PR.O FixedReset 1.60 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2046-12-15
Maturity Price : 19.73
Evaluated at bid price : 19.73
Bid-YTW : 4.48 %
IFC.PR.C FixedReset 1.62 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 20.06
Bid-YTW : 6.68 %
BMO.PR.T FixedReset 1.63 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2046-12-15
Maturity Price : 19.30
Evaluated at bid price : 19.30
Bid-YTW : 4.46 %
TD.PR.S FixedReset 1.64 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2022-01-31
Maturity Price : 25.00
Evaluated at bid price : 24.16
Bid-YTW : 3.74 %
RY.PR.M FixedReset 1.73 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2046-12-15
Maturity Price : 20.63
Evaluated at bid price : 20.63
Bid-YTW : 4.51 %
IAG.PR.A Deemed-Retractible 1.74 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 21.65
Bid-YTW : 6.78 %
NA.PR.Q FixedReset 1.84 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2022-01-31
Maturity Price : 25.00
Evaluated at bid price : 24.36
Bid-YTW : 4.22 %
BAM.PR.N Perpetual-Discount 1.90 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2046-12-15
Maturity Price : 21.43
Evaluated at bid price : 21.43
Bid-YTW : 5.56 %
BMO.PR.Q FixedReset 1.95 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2022-01-31
Maturity Price : 25.00
Evaluated at bid price : 20.40
Bid-YTW : 6.11 %
TRP.PR.D FixedReset 2.04 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2046-12-15
Maturity Price : 18.47
Evaluated at bid price : 18.47
Bid-YTW : 4.86 %
BAM.PF.F FixedReset 2.04 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2046-12-15
Maturity Price : 21.46
Evaluated at bid price : 21.46
Bid-YTW : 4.71 %
TRP.PR.A FixedReset 2.05 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2046-12-15
Maturity Price : 15.92
Evaluated at bid price : 15.92
Bid-YTW : 4.81 %
GWO.PR.N FixedReset 2.05 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 13.92
Bid-YTW : 10.53 %
SLF.PR.H FixedReset 2.06 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 17.33
Bid-YTW : 8.26 %
TD.PF.C FixedReset 2.07 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2046-12-15
Maturity Price : 19.26
Evaluated at bid price : 19.26
Bid-YTW : 4.48 %
MFC.PR.B Deemed-Retractible 2.12 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 22.20
Bid-YTW : 6.47 %
BAM.PF.E FixedReset 2.13 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2046-12-15
Maturity Price : 20.18
Evaluated at bid price : 20.18
Bid-YTW : 4.69 %
CM.PR.Q FixedReset 2.14 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2046-12-15
Maturity Price : 21.50
Evaluated at bid price : 21.50
Bid-YTW : 4.50 %
FTS.PR.H FixedReset 2.17 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2046-12-15
Maturity Price : 13.64
Evaluated at bid price : 13.64
Bid-YTW : 4.68 %
TRP.PR.E FixedReset 2.18 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2046-12-15
Maturity Price : 19.23
Evaluated at bid price : 19.23
Bid-YTW : 4.70 %
BAM.PF.G FixedReset 2.26 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2046-12-15
Maturity Price : 21.42
Evaluated at bid price : 21.76
Bid-YTW : 4.63 %
TD.PF.A FixedReset 2.31 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2046-12-15
Maturity Price : 19.48
Evaluated at bid price : 19.48
Bid-YTW : 4.45 %
TD.PF.B FixedReset 2.38 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2046-12-15
Maturity Price : 19.35
Evaluated at bid price : 19.35
Bid-YTW : 4.48 %
FTS.PR.K FixedReset 2.43 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2046-12-15
Maturity Price : 17.68
Evaluated at bid price : 17.68
Bid-YTW : 4.62 %
MFC.PR.L FixedReset 2.43 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 18.51
Bid-YTW : 7.90 %
TRP.PR.G FixedReset 2.45 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2046-12-15
Maturity Price : 21.31
Evaluated at bid price : 21.31
Bid-YTW : 4.73 %
BAM.PR.T FixedReset 2.50 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2046-12-15
Maturity Price : 17.20
Evaluated at bid price : 17.20
Bid-YTW : 4.96 %
MFC.PR.K FixedReset 2.56 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 18.40
Bid-YTW : 7.93 %
MFC.PR.M FixedReset 2.57 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 19.19
Bid-YTW : 7.54 %
VNR.PR.A FixedReset 2.62 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2046-12-15
Maturity Price : 19.60
Evaluated at bid price : 19.60
Bid-YTW : 5.09 %
PWF.PR.P FixedReset 2.64 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2046-12-15
Maturity Price : 14.00
Evaluated at bid price : 14.00
Bid-YTW : 4.71 %
BAM.PR.Z FixedReset 2.70 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2046-12-15
Maturity Price : 20.56
Evaluated at bid price : 20.56
Bid-YTW : 4.99 %
FTS.PR.G FixedReset 2.74 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2046-12-15
Maturity Price : 18.03
Evaluated at bid price : 18.03
Bid-YTW : 4.58 %
HSE.PR.A FixedReset 2.80 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2046-12-15
Maturity Price : 12.86
Evaluated at bid price : 12.86
Bid-YTW : 5.31 %
TRP.PR.H FloatingReset 2.84 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2046-12-15
Maturity Price : 11.60
Evaluated at bid price : 11.60
Bid-YTW : 3.77 %
TD.PF.E FixedReset 2.87 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2046-12-15
Maturity Price : 21.88
Evaluated at bid price : 22.26
Bid-YTW : 4.41 %
FTS.PR.M FixedReset 2.89 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2046-12-15
Maturity Price : 19.60
Evaluated at bid price : 19.60
Bid-YTW : 4.70 %
BAM.PF.B FixedReset 2.89 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2046-12-15
Maturity Price : 19.24
Evaluated at bid price : 19.24
Bid-YTW : 4.93 %
BAM.PF.A FixedReset 2.93 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2046-12-15
Maturity Price : 20.76
Evaluated at bid price : 20.76
Bid-YTW : 4.88 %
TRP.PR.F FloatingReset 2.96 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2046-12-15
Maturity Price : 14.98
Evaluated at bid price : 14.98
Bid-YTW : 3.98 %
MFC.PR.J FixedReset 3.04 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 20.35
Bid-YTW : 6.79 %
MFC.PR.G FixedReset 3.05 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 20.97
Bid-YTW : 6.62 %
SLF.PR.I FixedReset 3.09 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 20.70
Bid-YTW : 6.60 %
MFC.PR.N FixedReset 3.16 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 19.25
Bid-YTW : 7.42 %
TD.PF.D FixedReset 3.24 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2046-12-15
Maturity Price : 21.35
Evaluated at bid price : 21.66
Bid-YTW : 4.45 %
CU.PR.C FixedReset 3.25 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2046-12-15
Maturity Price : 19.72
Evaluated at bid price : 19.72
Bid-YTW : 4.47 %
MFC.PR.H FixedReset 3.30 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 22.52
Bid-YTW : 5.80 %
BAM.PR.X FixedReset 3.36 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2046-12-15
Maturity Price : 15.06
Evaluated at bid price : 15.06
Bid-YTW : 4.87 %
TRP.PR.C FixedReset 3.41 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2046-12-15
Maturity Price : 13.36
Evaluated at bid price : 13.36
Bid-YTW : 4.83 %
BAM.PR.R FixedReset 3.49 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2046-12-15
Maturity Price : 17.20
Evaluated at bid price : 17.20
Bid-YTW : 4.81 %
IAG.PR.G FixedReset 3.54 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 20.75
Bid-YTW : 6.71 %
MFC.PR.I FixedReset 3.58 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 21.13
Bid-YTW : 6.50 %
MFC.PR.F FixedReset 4.29 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 14.10
Bid-YTW : 10.40 %
TRP.PR.B FixedReset 4.42 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2046-12-15
Maturity Price : 12.75
Evaluated at bid price : 12.75
Bid-YTW : 4.58 %
Volume Highlights
Issue Index Shares
Traded
Notes
BNS.PR.N Deemed-Retractible 261,343 YTW SCENARIO
Maturity Type : Call
Maturity Date : 2017-01-27
Maturity Price : 25.00
Evaluated at bid price : 25.28
Bid-YTW : 1.22 %
TRP.PR.K FixedReset 147,842 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2046-12-15
Maturity Price : 23.12
Evaluated at bid price : 24.97
Bid-YTW : 4.87 %
BAM.PF.I FixedReset 102,301 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2046-12-15
Maturity Price : 23.16
Evaluated at bid price : 25.05
Bid-YTW : 4.83 %
SLF.PR.J FloatingReset 94,437 YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 13.96
Bid-YTW : 9.92 %
RY.PR.J FixedReset 70,996 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2046-12-15
Maturity Price : 20.81
Evaluated at bid price : 20.81
Bid-YTW : 4.59 %
TD.PF.B FixedReset 68,800 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2046-12-15
Maturity Price : 19.35
Evaluated at bid price : 19.35
Bid-YTW : 4.48 %
There were 98 other index-included issues trading in excess of 10,000 shares.
Wide Spread Highlights
Issue Index Quote Data and Yield Notes
HSE.PR.A FixedReset Quote: 12.86 – 13.31
Spot Rate : 0.4500
Average : 0.2765

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2046-12-15
Maturity Price : 12.86
Evaluated at bid price : 12.86
Bid-YTW : 5.31 %

GWO.PR.I Deemed-Retractible Quote: 21.23 – 21.73
Spot Rate : 0.5000
Average : 0.3275

YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 21.23
Bid-YTW : 6.97 %

CU.PR.I FixedReset Quote: 26.47 – 26.90
Spot Rate : 0.4300
Average : 0.3008

YTW SCENARIO
Maturity Type : Call
Maturity Date : 2020-12-01
Maturity Price : 25.00
Evaluated at bid price : 26.47
Bid-YTW : 2.98 %

PWF.PR.T FixedReset Quote: 20.05 – 20.44
Spot Rate : 0.3900
Average : 0.2676

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2046-12-15
Maturity Price : 20.05
Evaluated at bid price : 20.05
Bid-YTW : 4.48 %

RY.PR.Q FixedReset Quote: 26.57 – 26.87
Spot Rate : 0.3000
Average : 0.1844

YTW SCENARIO
Maturity Type : Call
Maturity Date : 2021-05-24
Maturity Price : 25.00
Evaluated at bid price : 26.57
Bid-YTW : 4.04 %

IFC.PR.A FixedReset Quote: 16.56 – 17.05
Spot Rate : 0.4900
Average : 0.3842

YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 16.56
Bid-YTW : 8.94 %

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