Click for Big
Equities got hammered again:
The S&P 500 tumbled to the brink of a bear market on Monday as U.S. stocks extended their steep sell-off in a pre-holiday shortened session, with investors rattled by the U.S. Treasury secretary’s convening of a crisis group and by other political developments.
All three major indexes ended down more than 2 percent the day before the Christmas holiday. The S&P 500 finished about 19.8 percent below its Sept. 20 closing high, just shy of the 20 percent threshold commonly used to define a bear market.
Treasury Secretary Steven Mnuchin called top U.S. bankers on Sunday amid the pullback in stocks and said he was calling a meeting of financial regulators to discuss ways to ensure “normal market operations.”
Investors also were grappling with the federal government shutdown and reports that President Donald Trump privately discussed the possibility of firing the Federal Reserve chairman.
And the ever-helpful President of the United States weighed in:
Click for Big
Criticizing the Fed is bad enough, but I can’t imagine anything worse for the US – and global – economy than firing Powell, an idea that has been allegedly discussed. In the first place, who’s going to take the job? None of the top-rank people want to be remembered as Trump’s Lackey. So it will be somebody with a less than sterling central banking reputation. And secondly, will the Chairman be able to force the votes on the FOMC? FOMC members are pretty weighty guys in their own right – it will be pretty funny to see a lot of 11-1 votes with the Chairman dissenting!
TXPR closed at 600.04, down 0.82% from December 21‘s close, after touching a new 52-week low of 599.70, undercutting the previous 52-week low of 604.53 set on December 21. Volume was low at 1.75-million shares in a day that closed early so practitioners of the highest paid profession on earth could go out and complain about lousy service in bars nowadays.
CPD closed at 12.10, down 0.74% from yesterday’s close after touching a new 52-week low of 11.96, undercutting the prior 52-week low of 12.11 touched on December 6. Volume of 239,285 was higher than might be expected given the early close.
ZPR closed at 9.71, down 1.52% on the day; the close marked a new 52-week low, undercutting the prior 52-week low of 9.80 reached on December 6. Volume of 256,406 was surprisingly high for Christmas Eve.
| 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 | -0.6454 % | 2,344.7 |
| FixedFloater | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.6454 % | 4,302.4 |
| Floater | 4.99 % | 5.32 % | 44,976 | 14.96 | 4 | -0.6454 % | 2,479.5 |
| OpRet | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.4837 % | 3,145.2 |
| SplitShare | 4.68 % | 5.38 % | 95,566 | 4.57 | 7 | 0.4837 % | 3,756.0 |
| Interest-Bearing | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.4837 % | 2,930.6 |
| Perpetual-Premium | 5.76 % | 5.41 % | 107,218 | 14.75 | 2 | -1.5908 % | 2,778.6 |
| Perpetual-Discount | 5.92 % | 6.16 % | 73,662 | 13.70 | 33 | -0.9067 % | 2,794.6 |
| FixedReset Disc | 5.43 % | 5.99 % | 229,735 | 13.91 | 66 | -0.4483 % | 2,070.5 |
| Deemed-Retractible | 5.67 % | 8.18 % | 98,641 | 5.08 | 27 | -0.5831 % | 2,789.9 |
| FloatingReset | 4.33 % | 5.38 % | 39,023 | 2.94 | 7 | -0.3276 % | 2,352.3 |
| FixedReset Prem | 5.18 % | 4.65 % | 280,478 | 2.26 | 14 | -0.2348 % | 2,498.8 |
| FixedReset Bank Non | 3.00 % | 4.37 % | 145,188 | 2.90 | 6 | 0.0069 % | 2,548.8 |
| FixedReset Ins Non | 5.32 % | 9.69 % | 151,923 | 5.14 | 22 | -1.8043 % | 2,099.6 |
| Performance Highlights | |||
| Issue | Index | Change | Notes |
| PWF.PR.P | FixedReset Disc | -7.90 % | A nonsensical quote provided at high cost from Nonsense Central, as the issue traded 800 shares today in four trades in a range of 14.35-79 before being quoted at 13.52-48.
I have not checked whether the lamentable state of the quote is due to inadequate Toronto Stock Exchange reporting or inadequate Toronto Stock Exchange supervision of market-makers. YTW SCENARIO |
| IGM.PR.B | Perpetual-Discount | -5.07 % | This quote has some justification, as the issue traded 4,510 shares today in a range of 23.39-24.65 before being quoted at 23.40-24.14
Kind of a wide range, though! YTW SCENARIO |
| BAM.PR.X | FixedReset Disc | -4.09 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-12-24 Maturity Price : 14.53 Evaluated at bid price : 14.53 Bid-YTW : 6.11 % |
| MFC.PR.K | FixedReset Ins Non | -3.90 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-01-31 Maturity Price : 25.00 Evaluated at bid price : 18.46 Bid-YTW : 10.07 % |
| IAG.PR.I | FixedReset Ins Non | -3.56 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-01-31 Maturity Price : 25.00 Evaluated at bid price : 20.83 Bid-YTW : 8.34 % |
| BMO.PR.E | FixedReset Disc | -3.51 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-12-24 Maturity Price : 20.60 Evaluated at bid price : 20.60 Bid-YTW : 5.85 % |
| BAM.PF.J | FixedReset Disc | -3.31 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-12-24 Maturity Price : 22.56 Evaluated at bid price : 23.40 Bid-YTW : 5.30 % |
| SLF.PR.I | FixedReset Ins Non | -3.25 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-01-31 Maturity Price : 25.00 Evaluated at bid price : 19.35 Bid-YTW : 9.16 % |
| BMO.PR.C | FixedReset Disc | -3.21 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-12-24 Maturity Price : 21.74 Evaluated at bid price : 22.02 Bid-YTW : 5.87 % |
| MFC.PR.H | FixedReset Ins Non | -3.12 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-01-31 Maturity Price : 25.00 Evaluated at bid price : 19.86 Bid-YTW : 9.69 % |
| PWF.PR.K | Perpetual-Discount | -3.01 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-12-24 Maturity Price : 19.95 Evaluated at bid price : 19.95 Bid-YTW : 6.32 % |
| PWF.PR.E | Perpetual-Discount | -2.84 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-12-24 Maturity Price : 21.97 Evaluated at bid price : 22.20 Bid-YTW : 6.30 % |
| BAM.PF.A | FixedReset Disc | -2.78 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-12-24 Maturity Price : 20.27 Evaluated at bid price : 20.27 Bid-YTW : 6.09 % |
| CM.PR.O | FixedReset Disc | -2.71 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-12-24 Maturity Price : 17.61 Evaluated at bid price : 17.61 Bid-YTW : 6.14 % |
| MFC.PR.G | FixedReset Ins Non | -2.67 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-01-31 Maturity Price : 25.00 Evaluated at bid price : 18.60 Bid-YTW : 10.13 % |
| PWF.PR.G | Perpetual-Discount | -2.59 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-12-24 Maturity Price : 23.44 Evaluated at bid price : 23.73 Bid-YTW : 6.32 % |
| SLF.PR.J | FloatingReset | -2.57 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-01-31 Maturity Price : 25.00 Evaluated at bid price : 14.00 Bid-YTW : 14.07 % |
| BMO.PR.Y | FixedReset Disc | -2.47 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-12-24 Maturity Price : 19.31 Evaluated at bid price : 19.31 Bid-YTW : 6.00 % |
| SLF.PR.D | Deemed-Retractible | -2.39 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-01-31 Maturity Price : 25.00 Evaluated at bid price : 18.75 Bid-YTW : 10.07 % |
| PWF.PR.I | Perpetual-Premium | -2.36 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-12-24 Maturity Price : 24.16 Evaluated at bid price : 24.41 Bid-YTW : 6.25 % |
| PWF.PR.H | Perpetual-Discount | -2.36 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-12-24 Maturity Price : 23.34 Evaluated at bid price : 23.63 Bid-YTW : 6.18 % |
| GWO.PR.M | Deemed-Retractible | -2.30 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-01-31 Maturity Price : 25.00 Evaluated at bid price : 23.74 Bid-YTW : 6.85 % |
| RY.PR.Z | FixedReset Disc | -2.25 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-12-24 Maturity Price : 18.24 Evaluated at bid price : 18.24 Bid-YTW : 5.77 % |
| SLF.PR.H | FixedReset Ins Non | -2.17 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-01-31 Maturity Price : 25.00 Evaluated at bid price : 17.12 Bid-YTW : 10.67 % |
| PWF.PR.Z | Perpetual-Discount | -2.16 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-12-24 Maturity Price : 20.84 Evaluated at bid price : 20.84 Bid-YTW : 6.29 % |
| BAM.PR.R | FixedReset Disc | -2.15 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-12-24 Maturity Price : 15.95 Evaluated at bid price : 15.95 Bid-YTW : 6.40 % |
| BAM.PR.C | Floater | -2.13 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-12-24 Maturity Price : 12.87 Evaluated at bid price : 12.87 Bid-YTW : 5.38 % |
| MFC.PR.I | FixedReset Ins Non | -2.11 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-01-31 Maturity Price : 25.00 Evaluated at bid price : 19.53 Bid-YTW : 9.36 % |
| GWO.PR.N | FixedReset Ins Non | -2.07 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-01-31 Maturity Price : 25.00 Evaluated at bid price : 14.20 Bid-YTW : 13.48 % |
| PWF.PR.Q | FloatingReset | -2.01 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-12-24 Maturity Price : 14.61 Evaluated at bid price : 14.61 Bid-YTW : 5.68 % |
| TRP.PR.A | FixedReset Disc | -1.99 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-12-24 Maturity Price : 14.26 Evaluated at bid price : 14.26 Bid-YTW : 6.77 % |
| MFC.PR.F | FixedReset Ins Non | -1.91 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-01-31 Maturity Price : 25.00 Evaluated at bid price : 13.88 Bid-YTW : 13.90 % |
| PWF.PR.O | Perpetual-Discount | -1.91 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-12-24 Maturity Price : 23.36 Evaluated at bid price : 23.65 Bid-YTW : 6.23 % |
| RY.PR.H | FixedReset Disc | -1.89 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-12-24 Maturity Price : 18.20 Evaluated at bid price : 18.20 Bid-YTW : 5.84 % |
| IFC.PR.G | FixedReset Ins Non | -1.87 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-01-31 Maturity Price : 25.00 Evaluated at bid price : 19.41 Bid-YTW : 9.80 % |
| TRP.PR.C | FixedReset Disc | -1.85 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-12-24 Maturity Price : 12.71 Evaluated at bid price : 12.71 Bid-YTW : 6.65 % |
| BIP.PR.F | FixedReset Disc | -1.84 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-12-24 Maturity Price : 21.35 Evaluated at bid price : 21.35 Bid-YTW : 6.01 % |
| BAM.PF.B | FixedReset Disc | -1.83 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-12-24 Maturity Price : 18.75 Evaluated at bid price : 18.75 Bid-YTW : 6.14 % |
| MFC.PR.C | Deemed-Retractible | -1.82 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-01-31 Maturity Price : 25.00 Evaluated at bid price : 18.39 Bid-YTW : 10.56 % |
| SLF.PR.G | FixedReset Ins Non | -1.80 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-01-31 Maturity Price : 25.00 Evaluated at bid price : 14.16 Bid-YTW : 13.84 % |
| EMA.PR.F | FixedReset Disc | -1.79 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-12-24 Maturity Price : 18.12 Evaluated at bid price : 18.12 Bid-YTW : 6.38 % |
| IAG.PR.G | FixedReset Ins Non | -1.79 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-01-31 Maturity Price : 25.00 Evaluated at bid price : 19.25 Bid-YTW : 9.21 % |
| TD.PF.C | FixedReset Disc | -1.75 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-12-24 Maturity Price : 17.96 Evaluated at bid price : 17.96 Bid-YTW : 5.91 % |
| NA.PR.W | FixedReset Disc | -1.73 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-12-24 Maturity Price : 17.00 Evaluated at bid price : 17.00 Bid-YTW : 6.24 % |
| POW.PR.A | Perpetual-Discount | -1.73 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-12-24 Maturity Price : 22.47 Evaluated at bid price : 22.73 Bid-YTW : 6.17 % |
| CM.PR.Q | FixedReset Disc | -1.73 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-12-24 Maturity Price : 19.37 Evaluated at bid price : 19.37 Bid-YTW : 6.05 % |
| BMO.PR.D | FixedReset Disc | -1.63 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-12-24 Maturity Price : 21.06 Evaluated at bid price : 21.06 Bid-YTW : 5.96 % |
| BAM.PR.T | FixedReset Disc | -1.60 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-12-24 Maturity Price : 15.99 Evaluated at bid price : 15.99 Bid-YTW : 6.45 % |
| PWF.PR.F | Perpetual-Discount | -1.56 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-12-24 Maturity Price : 21.40 Evaluated at bid price : 21.40 Bid-YTW : 6.25 % |
| MFC.PR.M | FixedReset Ins Non | -1.55 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-01-31 Maturity Price : 25.00 Evaluated at bid price : 17.83 Bid-YTW : 10.86 % |
| GWO.PR.L | Deemed-Retractible | -1.45 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-01-31 Maturity Price : 25.00 Evaluated at bid price : 23.06 Bid-YTW : 7.27 % |
| PWF.PR.T | FixedReset Disc | -1.45 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-12-24 Maturity Price : 18.34 Evaluated at bid price : 18.34 Bid-YTW : 5.99 % |
| PWF.PR.A | Floater | -1.42 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-12-24 Maturity Price : 16.66 Evaluated at bid price : 16.66 Bid-YTW : 4.19 % |
| MFC.PR.J | FixedReset Ins Non | -1.41 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-01-31 Maturity Price : 25.00 Evaluated at bid price : 19.62 Bid-YTW : 9.32 % |
| BAM.PF.I | FixedReset Disc | -1.37 % | YTW SCENARIO Maturity Type : Call Maturity Date : 2022-03-31 Maturity Price : 25.00 Evaluated at bid price : 24.56 Bid-YTW : 5.39 % |
| BNS.PR.I | FixedReset Disc | -1.36 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-12-24 Maturity Price : 20.96 Evaluated at bid price : 20.96 Bid-YTW : 5.52 % |
| POW.PR.G | Perpetual-Discount | -1.32 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-12-24 Maturity Price : 22.87 Evaluated at bid price : 23.14 Bid-YTW : 6.06 % |
| SLF.PR.E | Deemed-Retractible | -1.31 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-01-31 Maturity Price : 25.00 Evaluated at bid price : 18.87 Bid-YTW : 10.00 % |
| PWF.PR.S | Perpetual-Discount | -1.30 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-12-24 Maturity Price : 19.75 Evaluated at bid price : 19.75 Bid-YTW : 6.19 % |
| TD.PF.F | Perpetual-Discount | -1.26 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-12-24 Maturity Price : 23.17 Evaluated at bid price : 23.55 Bid-YTW : 5.26 % |
| MFC.PR.B | Deemed-Retractible | -1.24 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-01-31 Maturity Price : 25.00 Evaluated at bid price : 19.12 Bid-YTW : 9.96 % |
| GWO.PR.T | Deemed-Retractible | -1.22 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-01-31 Maturity Price : 25.00 Evaluated at bid price : 21.00 Bid-YTW : 8.61 % |
| BIP.PR.C | FixedReset Disc | -1.22 % | YTW SCENARIO Maturity Type : Call Maturity Date : 2021-09-30 Maturity Price : 25.00 Evaluated at bid price : 24.30 Bid-YTW : 6.48 % |
| BIP.PR.E | FixedReset Disc | -1.22 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-12-24 Maturity Price : 21.58 Evaluated at bid price : 21.88 Bid-YTW : 5.73 % |
| MFC.PR.O | FixedReset Ins Non | -1.21 % | YTW SCENARIO Maturity Type : Call Maturity Date : 2021-06-19 Maturity Price : 25.00 Evaluated at bid price : 25.34 Bid-YTW : 5.08 % |
| PWF.PR.L | Perpetual-Discount | -1.18 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-12-24 Maturity Price : 20.96 Evaluated at bid price : 20.96 Bid-YTW : 6.19 % |
| MFC.PR.L | FixedReset Ins Non | -1.15 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-01-31 Maturity Price : 25.00 Evaluated at bid price : 17.25 Bid-YTW : 11.34 % |
| CU.PR.C | FixedReset Disc | -1.14 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-12-24 Maturity Price : 17.30 Evaluated at bid price : 17.30 Bid-YTW : 6.07 % |
| IFC.PR.C | FixedReset Ins Non | -1.12 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-01-31 Maturity Price : 25.00 Evaluated at bid price : 16.75 Bid-YTW : 11.72 % |
| MFC.PR.N | FixedReset Ins Non | -1.12 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-01-31 Maturity Price : 25.00 Evaluated at bid price : 17.71 Bid-YTW : 10.88 % |
| BMO.PR.T | FixedReset Disc | -1.10 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-12-24 Maturity Price : 18.00 Evaluated at bid price : 18.00 Bid-YTW : 5.88 % |
| PWF.PR.R | Perpetual-Discount | -1.10 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-12-24 Maturity Price : 22.22 Evaluated at bid price : 22.55 Bid-YTW : 6.19 % |
| NA.PR.C | FixedReset Disc | -1.05 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-12-24 Maturity Price : 20.81 Evaluated at bid price : 20.81 Bid-YTW : 6.28 % |
| BMO.PR.W | FixedReset Disc | -1.04 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-12-24 Maturity Price : 18.00 Evaluated at bid price : 18.00 Bid-YTW : 5.84 % |
| GWO.PR.I | Deemed-Retractible | -1.00 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-01-31 Maturity Price : 25.00 Evaluated at bid price : 18.76 Bid-YTW : 10.12 % |
| W.PR.J | Perpetual-Discount | 1.01 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-12-24 Maturity Price : 23.68 Evaluated at bid price : 23.95 Bid-YTW : 5.95 % |
| BNS.PR.D | FloatingReset | 1.11 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2022-01-31 Maturity Price : 25.00 Evaluated at bid price : 23.76 Bid-YTW : 4.55 % |
| EIT.PR.A | SplitShare | 1.29 % | YTW SCENARIO Maturity Type : Soft Maturity Maturity Date : 2024-03-14 Maturity Price : 25.00 Evaluated at bid price : 24.42 Bid-YTW : 5.38 % |
| BAM.PR.N | Perpetual-Discount | 1.34 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-12-24 Maturity Price : 18.86 Evaluated at bid price : 18.86 Bid-YTW : 6.34 % |
| TD.PF.I | FixedReset Disc | 1.37 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-12-24 Maturity Price : 21.39 Evaluated at bid price : 21.39 Bid-YTW : 5.77 % |
| NA.PR.E | FixedReset Disc | 1.39 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-12-24 Maturity Price : 18.91 Evaluated at bid price : 18.91 Bid-YTW : 6.11 % |
| BIP.PR.D | FixedReset Disc | 1.59 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-12-24 Maturity Price : 22.44 Evaluated at bid price : 23.05 Bid-YTW : 6.06 % |
| BAM.PF.G | FixedReset Disc | 1.59 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-12-24 Maturity Price : 19.14 Evaluated at bid price : 19.14 Bid-YTW : 6.26 % |
| BAM.PR.K | Floater | 1.72 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-12-24 Maturity Price : 13.02 Evaluated at bid price : 13.02 Bid-YTW : 5.32 % |
| EIT.PR.B | SplitShare | 1.78 % | YTW SCENARIO Maturity Type : Soft Maturity Maturity Date : 2025-03-14 Maturity Price : 25.00 Evaluated at bid price : 24.04 Bid-YTW : 5.60 % |
| HSE.PR.G | FixedReset Disc | 57.32 % | Just a reversal of yesterday‘s nonsense.
YTW SCENARIO |
| Volume Highlights | |||
| Issue | Index | Shares Traded |
Notes |
| PVS.PR.B | SplitShare | 100,404 | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2019-01-10 Maturity Price : 25.00 Evaluated at bid price : 25.05 Bid-YTW : 4.44 % |
| TRP.PR.J | FixedReset Prem | 59,150 | YTW SCENARIO Maturity Type : Call Maturity Date : 2021-05-31 Maturity Price : 25.00 Evaluated at bid price : 25.22 Bid-YTW : 5.30 % |
| RY.PR.L | FixedReset Bank Non | 40,500 | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2022-01-31 Maturity Price : 25.00 Evaluated at bid price : 25.07 Bid-YTW : 4.66 % |
| RY.PR.S | FixedReset Disc | 37,100 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-12-24 Maturity Price : 20.75 Evaluated at bid price : 20.75 Bid-YTW : 5.35 % |
| MFC.PR.B | Deemed-Retractible | 24,678 | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-01-31 Maturity Price : 25.00 Evaluated at bid price : 19.12 Bid-YTW : 9.96 % |
| TD.PF.K | FixedReset Disc | 24,189 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-12-24 Maturity Price : 20.15 Evaluated at bid price : 20.15 Bid-YTW : 5.87 % |
| There were 28 other index-included issues trading in excess of 10,000 shares. | |||
| Wide Spread Highlights | ||
| Issue | Index | Quote Data and Yield Notes |
| PWF.PR.P | FixedReset Disc | Quote: 13.52 – 14.48 Spot Rate : 0.9600 Average : 0.5799 YTW SCENARIO |
| IGM.PR.B | Perpetual-Discount | Quote: 23.40 – 24.14 Spot Rate : 0.7400 Average : 0.4661 YTW SCENARIO |
| GWO.PR.M | Deemed-Retractible | Quote: 23.74 – 24.22 Spot Rate : 0.4800 Average : 0.3499 YTW SCENARIO |
| HSE.PR.C | FixedReset Disc | Quote: 16.51 – 16.98 Spot Rate : 0.4700 Average : 0.3423 YTW SCENARIO |
| GWO.PR.P | Deemed-Retractible | Quote: 22.08 – 22.43 Spot Rate : 0.3500 Average : 0.2401 YTW SCENARIO |
| TD.PF.E | FixedReset Disc | Quote: 20.61 – 21.05 Spot Rate : 0.4400 Average : 0.3430 YTW SCENARIO |