{"id":40199,"date":"2020-01-31T23:32:37","date_gmt":"2020-02-01T04:32:37","guid":{"rendered":"http:\/\/prefblog.com\/?p=40199"},"modified":"2020-01-31T23:32:37","modified_gmt":"2020-02-01T04:32:37","slug":"january-31-2020","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=40199","title":{"rendered":"January 31, 2020"},"content":{"rendered":"
\"explosion_200131\"<\/a>>
Click for Big<\/i><\/div>\n

The Canadian preferred share market closed the month on a gloomy note.<\/p>\n

TXPR closed at 612.80<\/a>, down 0.53% on the day. Volume was 1.95-million, below average in the context of the past thirty days, especially if you don’t consider trading days with holiday-related slowness. That makes the price index down 0.45% on the month, while the total return version managed to eke out a 0.06% gain.<\/p>\n

CPD closed at 12.27<\/a>, down 0.20% on the day. Volume of 66,531 was a little above the median of the past 30 days.<\/p>\n

ZPR closed at 9.81<\/a>, down 0.30% on the day. Volume of 367,859 was third-highest of the past 30 days, behind only January 27<\/a> and January 24<\/a>.<\/p>\n

Five-year Canada yields were down 8bp to 1.28%<\/a> today, a far cry from the December 31 figure of 1.69%. What a difference a month – and a dovish Bank of Canada statement<\/a> – makes!<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
HIMIPref™ Preferred Indices
These values reflect the December 2008 revision of the HIMIPref™ Indices<\/strong>
Values are provisional and are finalized monthly<\/td>\n<\/tr>\n
Index<\/td>\nMean
Current
Yield
(at bid)<\/td>\n		Median
YTW<\/td>\n		Median
Average
Trading
Value<\/td>\n		Median
Mod Dur
(YTW)<\/td>\n		Issues<\/td>\nDay’s Perf.<\/td>\nIndex Value<\/td>\n<\/tr>\n
Ratchet<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.5970 %<\/td>\n2,062.7<\/td>\n<\/tr>\n
FixedFloater<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.5970 %<\/td>\n3,785.0<\/td>\n<\/tr>\n
Floater<\/td>\n5.93 %<\/td>\n6.08 %<\/td>\n46,997<\/td>\n13.75<\/td>\n4<\/td>\n-0.5970 %<\/td>\n2,181.3<\/td>\n<\/tr>\n
OpRet<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.0000 %<\/td>\n3,462.3<\/td>\n<\/tr>\n
SplitShare<\/td>\n4.75 %<\/td>\n4.19 %<\/td>\n34,575<\/td>\n3.71<\/td>\n6<\/td>\n0.0000 %<\/td>\n4,134.7<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.0000 %<\/td>\n3,226.1<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.58 %<\/td>\n0.93 %<\/td>\n59,773<\/td>\n0.09<\/td>\n11<\/td>\n0.0108 %<\/td>\n3,064.1<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n5.23 %<\/td>\n5.32 %<\/td>\n71,460<\/td>\n14.91<\/td>\n24<\/td>\n0.0415 %<\/td>\n3,326.9<\/td>\n<\/tr>\n
FixedReset Disc<\/td>\n5.51 %<\/td>\n5.38 %<\/td>\n194,956<\/td>\n14.84<\/td>\n64<\/td>\n-0.4255 %<\/td>\n2,170.0<\/td>\n<\/tr>\n
Deemed-Retractible<\/td>\n5.13 %<\/td>\n5.24 %<\/td>\n70,123<\/td>\n14.86<\/td>\n27<\/td>\n-0.1270 %<\/td>\n3,258.1<\/td>\n<\/tr>\n
FloatingReset<\/td>\n6.01 %<\/td>\n5.93 %<\/td>\n68,974<\/td>\n13.99<\/td>\n3<\/td>\n0.1222 %<\/td>\n2,537.6<\/td>\n<\/tr>\n
FixedReset Prem<\/td>\n5.09 %<\/td>\n3.66 %<\/td>\n129,794<\/td>\n1.48<\/td>\n22<\/td>\n-0.0740 %<\/td>\n2,651.3<\/td>\n<\/tr>\n
FixedReset Bank Non<\/td>\n1.93 %<\/td>\n3.54 %<\/td>\n75,402<\/td>\n1.95<\/td>\n3<\/td>\n0.0446 %<\/td>\n2,745.0<\/td>\n<\/tr>\n
FixedReset Ins Non<\/td>\n5.35 %<\/td>\n5.34 %<\/td>\n122,192<\/td>\n14.75<\/td>\n22<\/td>\n-0.2414 %<\/td>\n2,194.0<\/td>\n<\/tr>\n<\/table>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Performance Highlights<\/strong><\/td>\n<\/tr>\n
Issue<\/td>\nIndex<\/td>\nChange<\/td>\nNotes<\/td>\n<\/tr>\n
IFC.PR.C<\/td>\nFixedReset Ins Non<\/td>\n-2.76 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-01-31
\nMaturity Price : 17.60
\nEvaluated at bid price : 17.60
\nBid-YTW : 5.65 %<\/td>\n<\/tr>\n
RY.PR.H<\/td>\nFixedReset Disc<\/td>\n-2.28 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-01-31
\nMaturity Price : 17.59
\nEvaluated at bid price : 17.59
\nBid-YTW : 5.14 %<\/td>\n<\/tr>\n
PWF.PR.P<\/td>\nFixedReset Disc<\/td>\n-1.71 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-01-31
\nMaturity Price : 13.22
\nEvaluated at bid price : 13.22
\nBid-YTW : 5.52 %<\/td>\n<\/tr>\n
BIP.PR.A<\/td>\nFixedReset Disc<\/td>\n-1.69 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-01-31
\nMaturity Price : 20.40
\nEvaluated at bid price : 20.40
\nBid-YTW : 6.07 %<\/td>\n<\/tr>\n
EMA.PR.C<\/td>\nFixedReset Disc<\/td>\n-1.58 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-01-31
\nMaturity Price : 18.07
\nEvaluated at bid price : 18.07
\nBid-YTW : 5.75 %<\/td>\n<\/tr>\n
GWO.PR.G<\/td>\nDeemed-Retractible<\/td>\n-1.53 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-01-31
\nMaturity Price : 24.23
\nEvaluated at bid price : 24.52
\nBid-YTW : 5.35 %<\/td>\n<\/tr>\n
TD.PF.D<\/td>\nFixedReset Disc<\/td>\n-1.47 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-01-31
\nMaturity Price : 19.41
\nEvaluated at bid price : 19.41
\nBid-YTW : 5.33 %<\/td>\n<\/tr>\n
BAM.PR.K<\/td>\nFloater<\/td>\n-1.47 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-01-31
\nMaturity Price : 11.43
\nEvaluated at bid price : 11.43
\nBid-YTW : 6.13 %<\/td>\n<\/tr>\n
NA.PR.S<\/td>\nFixedReset Disc<\/td>\n-1.29 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-01-31
\nMaturity Price : 17.56
\nEvaluated at bid price : 17.56
\nBid-YTW : 5.44 %<\/td>\n<\/tr>\n
BMO.PR.S<\/td>\nFixedReset Disc<\/td>\n-1.26 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-01-31
\nMaturity Price : 17.71
\nEvaluated at bid price : 17.71
\nBid-YTW : 5.24 %<\/td>\n<\/tr>\n
BAM.PR.X<\/td>\nFixedReset Disc<\/td>\n-1.25 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-01-31
\nMaturity Price : 13.46
\nEvaluated at bid price : 13.46
\nBid-YTW : 5.78 %<\/td>\n<\/tr>\n
MFC.PR.H<\/td>\nFixedReset Ins Non<\/td>\n-1.19 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-01-31
\nMaturity Price : 20.80
\nEvaluated at bid price : 20.80
\nBid-YTW : 5.42 %<\/td>\n<\/tr>\n
TD.PF.C<\/td>\nFixedReset Disc<\/td>\n-1.13 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-01-31
\nMaturity Price : 17.45
\nEvaluated at bid price : 17.45
\nBid-YTW : 5.16 %<\/td>\n<\/tr>\n
BMO.PR.D<\/td>\nFixedReset Disc<\/td>\n-1.07 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-01-31
\nMaturity Price : 21.50
\nEvaluated at bid price : 21.50
\nBid-YTW : 5.23 %<\/td>\n<\/tr>\n
BMO.PR.Y<\/td>\nFixedReset Disc<\/td>\n-1.05 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-01-31
\nMaturity Price : 18.81
\nEvaluated at bid price : 18.81
\nBid-YTW : 5.38 %<\/td>\n<\/tr>\n<\/table>\n\n\n\n\n\n\n\n\n\n\n
Volume Highlights<\/strong><\/td>\n<\/tr>\n
Issue<\/td>\nIndex<\/td>\nShares
Traded<\/td>\n		Notes<\/td>\n<\/tr>\n
TD.PF.A<\/td>\nFixedReset Disc<\/td>\n184,963<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-01-31
\nMaturity Price : 17.24
\nEvaluated at bid price : 17.24
\nBid-YTW : 5.25 %<\/td>\n<\/tr>\n
RY.PR.H<\/td>\nFixedReset Disc<\/td>\n85,023<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-01-31
\nMaturity Price : 17.59
\nEvaluated at bid price : 17.59
\nBid-YTW : 5.14 %<\/td>\n<\/tr>\n
TRP.PR.J<\/td>\nFixedReset Prem<\/td>\n48,869<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2021-05-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.76
\nBid-YTW : 3.88 %<\/td>\n<\/tr>\n
BNS.PR.Z<\/td>\nFixedReset Bank Non<\/td>\n45,440<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2022-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 24.44
\nBid-YTW : 3.55 %<\/td>\n<\/tr>\n
TD.PF.B<\/td>\nFixedReset Disc<\/td>\n36,330<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-01-31
\nMaturity Price : 17.27
\nEvaluated at bid price : 17.27
\nBid-YTW : 5.28 %<\/td>\n<\/tr>\n
CM.PR.Q<\/td>\nFixedReset Disc<\/td>\n34,248<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-01-31
\nMaturity Price : 18.65
\nEvaluated at bid price : 18.65
\nBid-YTW : 5.54 %<\/td>\n<\/tr>\n
There were 21 other index-included issues trading in excess of 10,000 shares.<\/td>\n<\/tr>\n<\/table>\n\n\n\n\n\n\n\n\n\n
Wide Spread Highlights<\/strong><\/td>\n<\/tr>\n
Issue<\/td>\nIndex<\/td>\nQuote Data and Yield Notes<\/td>\n<\/tr>\n
IFC.PR.C<\/td>\nFixedReset Ins Non<\/td>\nQuote: 17.60 – 18.44
\nSpot Rate : 0.8400
\nAverage : 0.5641<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-01-31
\nMaturity Price : 17.60
\nEvaluated at bid price : 17.60
\nBid-YTW : 5.65 %<\/td>\n<\/tr>\n

GWO.PR.G<\/td>\nDeemed-Retractible<\/td>\nQuote: 24.52 – 24.90
\nSpot Rate : 0.3800
\nAverage : 0.2412<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-01-31
\nMaturity Price : 24.23
\nEvaluated at bid price : 24.52
\nBid-YTW : 5.35 %<\/td>\n<\/tr>\n

RY.PR.F<\/td>\nDeemed-Retractible<\/td>\nQuote: 25.25 – 25.51
\nSpot Rate : 0.2600
\nAverage : 0.1532<\/p>\n

YTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2020-03-01
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.25
\nBid-YTW : -10.92 %<\/td>\n<\/tr>\n

PVS.PR.F<\/td>\nSplitShare<\/td>\nQuote: 25.70 – 25.99
\nSpot Rate : 0.2900
\nAverage : 0.1856<\/p>\n

YTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2024-09-30
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.70
\nBid-YTW : 4.33 %<\/td>\n<\/tr>\n

BAM.PR.X<\/td>\nFixedReset Disc<\/td>\nQuote: 13.46 – 13.85
\nSpot Rate : 0.3900
\nAverage : 0.2887<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-01-31
\nMaturity Price : 13.46
\nEvaluated at bid price : 13.46
\nBid-YTW : 5.78 %<\/td>\n<\/tr>\n

BAM.PR.C<\/td>\nFloater<\/td>\nQuote: 11.51 – 11.79
\nSpot Rate : 0.2800
\nAverage : 0.1863<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-01-31
\nMaturity Price : 11.51
\nEvaluated at bid price : 11.51
\nBid-YTW : 6.08 %<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

>Click for Big The Canadian preferred share market closed the month on a gloomy note. TXPR closed at 612.80, down 0.53% on the day. Volume was 1.95-million, below average in the context of the past …<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15],"tags":[],"class_list":["post-40199","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/40199","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=40199"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/40199\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=40199"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=40199"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=40199"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}