What a great day! Only one of the mainstream indicators made a new 52-week low!
TXPR closed at 575.74, up 0.11% on the day. Volume was 2.18-million, nothing special in the context of the past 30 days.
CPD closed at 11.52, up 0.17% on the day. Volume of 97,108 was above median but nothing special in the context of the past 30 days.
ZPR closed at 9.15, unchanged on the day after touching a new 52-week low of 9.145. Volume of 111,979 was a little above average but nothing special in the context of the past 30 days.
Five-year Canada yields were up 5bp to 1.33% today.
| 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 | 0.2208 % | 1,765.0 |
| FixedFloater | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.2208 % | 3,238.6 |
| Floater | 6.77 % | 7.03 % | 41,461 | 12.42 | 4 | 0.2208 % | 1,866.4 |
| OpRet | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.1528 % | 3,359.4 |
| SplitShare | 4.68 % | 4.56 % | 60,857 | 4.09 | 7 | -0.1528 % | 4,011.9 |
| Interest-Bearing | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.1528 % | 3,130.2 |
| Perpetual-Premium | 5.65 % | -4.54 % | 66,492 | 0.09 | 9 | -0.1190 % | 2,966.4 |
| Perpetual-Discount | 5.53 % | 5.60 % | 54,750 | 14.49 | 25 | -0.3046 % | 3,083.0 |
| FixedReset Disc | 5.96 % | 5.58 % | 153,381 | 14.43 | 66 | 0.3969 % | 1,953.7 |
| Deemed-Retractible | 5.30 % | 6.22 % | 61,377 | 7.84 | 27 | -0.0400 % | 3,077.7 |
| FloatingReset | 4.75 % | 7.50 % | 60,981 | 7.84 | 3 | 0.1646 % | 2,236.0 |
| FixedReset Prem | 5.21 % | 4.87 % | 170,726 | 1.90 | 21 | 0.0948 % | 2,556.3 |
| FixedReset Bank Non | 1.99 % | 4.42 % | 86,289 | 2.37 | 3 | 0.2666 % | 2,642.9 |
| FixedReset Ins Non | 5.68 % | 8.34 % | 100,429 | 7.96 | 21 | -0.1381 % | 2,021.7 |
| Performance Highlights | |||
| Issue | Index | Change | Notes |
| IFC.PR.A | FixedReset Ins Non | -2.15 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2030-01-31 Maturity Price : 25.00 Evaluated at bid price : 13.63 Bid-YTW : 10.54 % |
| PWF.PR.L | Perpetual-Discount | -1.87 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-08-22 Maturity Price : 21.85 Evaluated at bid price : 22.09 Bid-YTW : 5.82 % |
| MFC.PR.B | Deemed-Retractible | -1.70 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2030-01-31 Maturity Price : 25.00 Evaluated at bid price : 20.76 Bid-YTW : 6.95 % |
| BAM.PF.D | Perpetual-Discount | -1.57 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-08-22 Maturity Price : 20.68 Evaluated at bid price : 20.68 Bid-YTW : 6.03 % |
| BAM.PR.R | FixedReset Disc | -1.54 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-08-22 Maturity Price : 13.39 Evaluated at bid price : 13.39 Bid-YTW : 6.56 % |
| SLF.PR.I | FixedReset Ins Non | -1.40 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2030-01-31 Maturity Price : 25.00 Evaluated at bid price : 17.60 Bid-YTW : 8.31 % |
| PWF.PR.F | Perpetual-Discount | -1.38 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-08-22 Maturity Price : 22.69 Evaluated at bid price : 22.93 Bid-YTW : 5.77 % |
| MFC.PR.K | FixedReset Ins Non | -1.32 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2030-01-31 Maturity Price : 25.00 Evaluated at bid price : 16.40 Bid-YTW : 9.06 % |
| PWF.PR.Z | Perpetual-Discount | -1.28 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-08-22 Maturity Price : 22.02 Evaluated at bid price : 22.36 Bid-YTW : 5.80 % |
| PVS.PR.D | SplitShare | -1.15 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2021-10-08 Maturity Price : 25.00 Evaluated at bid price : 25.01 Bid-YTW : 4.41 % |
| CM.PR.T | FixedReset Disc | -1.13 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-08-22 Maturity Price : 22.57 Evaluated at bid price : 23.52 Bid-YTW : 4.99 % |
| PWF.PR.K | Perpetual-Discount | -1.06 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-08-22 Maturity Price : 21.50 Evaluated at bid price : 21.50 Bid-YTW : 5.82 % |
| NA.PR.W | FixedReset Disc | 1.02 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-08-22 Maturity Price : 14.85 Evaluated at bid price : 14.85 Bid-YTW : 5.89 % |
| BMO.PR.Z | Perpetual-Discount | 1.09 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-08-22 Maturity Price : 23.75 Evaluated at bid price : 24.21 Bid-YTW : 5.17 % |
| CM.PR.P | FixedReset Disc | 1.13 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-08-22 Maturity Price : 15.20 Evaluated at bid price : 15.20 Bid-YTW : 5.76 % |
| SLF.PR.B | Deemed-Retractible | 1.14 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2030-01-31 Maturity Price : 25.00 Evaluated at bid price : 22.10 Bid-YTW : 6.48 % |
| RY.PR.M | FixedReset Disc | 1.23 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-08-22 Maturity Price : 17.23 Evaluated at bid price : 17.23 Bid-YTW : 5.57 % |
| BMO.PR.W | FixedReset Disc | 1.30 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-08-22 Maturity Price : 15.60 Evaluated at bid price : 15.60 Bid-YTW : 5.53 % |
| EMA.PR.C | FixedReset Disc | 1.32 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-08-22 Maturity Price : 16.94 Evaluated at bid price : 16.94 Bid-YTW : 6.06 % |
| NA.PR.S | FixedReset Disc | 1.33 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-08-22 Maturity Price : 16.01 Evaluated at bid price : 16.01 Bid-YTW : 5.87 % |
| NA.PR.G | FixedReset Disc | 1.62 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-08-22 Maturity Price : 18.80 Evaluated at bid price : 18.80 Bid-YTW : 5.66 % |
| TRP.PR.D | FixedReset Disc | 1.64 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-08-22 Maturity Price : 14.85 Evaluated at bid price : 14.85 Bid-YTW : 6.27 % |
| CM.PR.O | FixedReset Disc | 1.72 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-08-22 Maturity Price : 16.00 Evaluated at bid price : 16.00 Bid-YTW : 5.66 % |
| TD.PF.C | FixedReset Disc | 1.79 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-08-22 Maturity Price : 15.95 Evaluated at bid price : 15.95 Bid-YTW : 5.49 % |
| TRP.PR.G | FixedReset Disc | 1.87 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-08-22 Maturity Price : 15.80 Evaluated at bid price : 15.80 Bid-YTW : 6.59 % |
| HSE.PR.C | FixedReset Disc | 2.12 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-08-22 Maturity Price : 15.86 Evaluated at bid price : 15.86 Bid-YTW : 6.99 % |
| CCS.PR.C | Deemed-Retractible | 2.34 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2030-01-31 Maturity Price : 25.00 Evaluated at bid price : 24.52 Bid-YTW : 5.37 % |
| TRP.PR.A | FixedReset Disc | 2.63 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-08-22 Maturity Price : 12.11 Evaluated at bid price : 12.11 Bid-YTW : 6.60 % |
| Volume Highlights | |||
| Issue | Index | Shares Traded |
Notes |
| TD.PF.L | FixedReset Disc | 80,675 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-08-22 Maturity Price : 22.62 Evaluated at bid price : 23.62 Bid-YTW : 4.92 % |
| RY.PR.Z | FixedReset Disc | 80,128 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-08-22 Maturity Price : 16.52 Evaluated at bid price : 16.52 Bid-YTW : 5.32 % |
| BMO.PR.T | FixedReset Disc | 53,250 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-08-22 Maturity Price : 15.90 Evaluated at bid price : 15.90 Bid-YTW : 5.46 % |
| TD.PF.H | FixedReset Prem | 43,038 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-08-22 Maturity Price : 23.35 Evaluated at bid price : 24.51 Bid-YTW : 5.37 % |
| BAM.PF.E | FixedReset Disc | 38,400 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-08-22 Maturity Price : 14.32 Evaluated at bid price : 14.32 Bid-YTW : 6.76 % |
| CM.PR.P | FixedReset Disc | 36,800 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-08-22 Maturity Price : 15.20 Evaluated at bid price : 15.20 Bid-YTW : 5.76 % |
| There were 39 other index-included issues trading in excess of 10,000 shares. | |||
| Wide Spread Highlights | ||
| Issue | Index | Quote Data and Yield Notes |
| PWF.PR.L | Perpetual-Discount | Quote: 22.09 – 22.69 Spot Rate : 0.6000 Average : 0.3956 YTW SCENARIO |
| BAM.PF.D | Perpetual-Discount | Quote: 20.68 – 21.20 Spot Rate : 0.5200 Average : 0.3606 YTW SCENARIO |
| BIP.PR.A | FixedReset Disc | Quote: 17.19 – 17.60 Spot Rate : 0.4100 Average : 0.2543 YTW SCENARIO |
| BNS.PR.I | FixedReset Disc | Quote: 18.78 – 19.15 Spot Rate : 0.3700 Average : 0.2250 YTW SCENARIO |
| PWF.PR.K | Perpetual-Discount | Quote: 21.50 – 21.96 Spot Rate : 0.4600 Average : 0.3161 YTW SCENARIO |
| BAM.PR.X | FixedReset Disc | Quote: 11.79 – 12.30 Spot Rate : 0.5100 Average : 0.3717 YTW SCENARIO |