{"id":44585,"date":"2022-12-30T21:40:00","date_gmt":"2022-12-31T02:40:00","guid":{"rendered":"https:\/\/prefblog.com\/?p=44585"},"modified":"2022-12-30T21:40:00","modified_gmt":"2022-12-31T02:40:00","slug":"december-30-2022","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=44585","title":{"rendered":"December 30, 2022"},"content":{"rendered":"
\"\"<\/a><\/div>\n

TXPR closed at 544.36<\/a>, up 0.52% on the day. Volume today was 556,320, lowest of the past 21 trading days.<\/p>\n

CPD closed at 10.75<\/a>, up 0.19% on the day. Volume was 90,700, second-lowest of the past 21 trading days.<\/p>\n

ZPR closed at 9.04<\/a>, up 0.22% on the day. Volume was 111,880, lowest of the past 21 trading days.<\/p>\n

Five-year Canada yields were up a bit to 3.43%<\/a> today.<\/p>\n

Equities were down a bit today, but the annual figures got more attention<\/a>:<\/p>\n

U.S. and Canadian stocks ended the final trading session of 2022 lower on Friday, capping a year of sharp losses driven by aggressive interest rate hikes to curb inflation, recession fears, the Russia-Ukraine war and rising concerns over COVID cases in China.<\/p>\n

Wall Street\u2019s three main indexes booked their first yearly drop since 2018 as an era of loose monetary policy ended with the Federal Reserve\u2019s fastest pace of rate hikes since the 1980s.<\/p>\n

This also marked their biggest yearly declines since the 2008 financial crisis, largely driven by growth shares as the Fed\u2019s rate hikes boosted U.S. Treasury yields and made stocks less attractive.<\/p>\n

The TSX\u2019s 2022 losses were less sharp, but the Canadian index still lost more than 8% this year, also its first annual decline since 2018.<\/p><\/blockquote>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
HIMIPref\u2122 Preferred Indices
\nThese values reflect the December 2008 revision of the HIMIPref\u2122 Indices<\/strong>
\nValues are provisional and are finalized monthly<\/td>\n<\/tr>\n
Index<\/td>\nMean
\nCurrent
\nYield
\n(at bid)<\/td>\n		Median
\nYTW<\/td>\n		Median
\nAverage
\nTrading
\nValue<\/td>\n		Median
\nMod Dur
\n(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-0.1961 %<\/td>\n2,445.8<\/td>\n<\/tr>\n
FixedFloater<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.1961 %<\/td>\n4,691.1<\/td>\n<\/tr>\n
Floater<\/td>\n8.87 %<\/td>\n8.94 %<\/td>\n66,799<\/td>\n10.46<\/td>\n2<\/td>\n-0.1961 %<\/td>\n2,703.5<\/td>\n<\/tr>\n
OpRet<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.1728 %<\/td>\n3,263.7<\/td>\n<\/tr>\n
SplitShare<\/td>\n5.21 %<\/td>\n7.64 %<\/td>\n61,311<\/td>\n2.74<\/td>\n8<\/td>\n0.1728 %<\/td>\n3,897.6<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.1728 %<\/td>\n3,041.1<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.0115 %<\/td>\n2,638.6<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n6.46 %<\/td>\n6.57 %<\/td>\n101,895<\/td>\n13.11<\/td>\n35<\/td>\n-0.0115 %<\/td>\n2,877.3<\/td>\n<\/tr>\n
FixedReset Disc<\/td>\n5.63 %<\/td>\n7.89 %<\/td>\n98,635<\/td>\n11.85<\/td>\n62<\/td>\n0.3410 %<\/td>\n2,157.9<\/td>\n<\/tr>\n
Insurance Straight<\/td>\n6.39 %<\/td>\n6.51 %<\/td>\n118,726<\/td>\n13.18<\/td>\n20<\/td>\n0.2333 %<\/td>\n2,809.2<\/td>\n<\/tr>\n
FloatingReset<\/td>\n10.10 %<\/td>\n9.70 %<\/td>\n35,480<\/td>\n9.79<\/td>\n2<\/td>\n1.7772 %<\/td>\n2,417.1<\/td>\n<\/tr>\n
FixedReset Prem<\/td>\n6.62 %<\/td>\n6.66 %<\/td>\n182,370<\/td>\n4.08<\/td>\n2<\/td>\n-0.0992 %<\/td>\n2,374.8<\/td>\n<\/tr>\n
FixedReset Bank Non<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.3410 %<\/td>\n2,205.8<\/td>\n<\/tr>\n
FixedReset Ins Non<\/td>\n5.72 %<\/td>\n8.12 %<\/td>\n60,831<\/td>\n11.80<\/td>\n14<\/td>\n0.3746 %<\/td>\n2,258.1<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n\n\n\n\n\n\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.I<\/td>\nPerpetual-Discount<\/td>\n-5.22 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-12-30
\nMaturity Price : 20.50
\nEvaluated at bid price : 20.50
\nBid-YTW : 6.64 %<\/td>\n<\/tr>\n
MFC.PR.C<\/td>\nInsurance Straight<\/td>\n-1.55 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-12-30
\nMaturity Price : 17.75
\nEvaluated at bid price : 17.75
\nBid-YTW : 6.40 %<\/td>\n<\/tr>\n
BN.PF.B<\/td>\nFixedReset Disc<\/td>\n-1.47 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-12-30
\nMaturity Price : 16.11
\nEvaluated at bid price : 16.11
\nBid-YTW : 9.19 %<\/td>\n<\/tr>\n
BN.PR.M<\/td>\nPerpetual-Discount<\/td>\n1.08 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-12-30
\nMaturity Price : 17.80
\nEvaluated at bid price : 17.80
\nBid-YTW : 6.73 %<\/td>\n<\/tr>\n
TRP.PR.F<\/td>\nFloatingReset<\/td>\n1.09 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-12-30
\nMaturity Price : 14.78
\nEvaluated at bid price : 14.78
\nBid-YTW : 10.73 %<\/td>\n<\/tr>\n
BMO.PR.S<\/td>\nFixedReset Disc<\/td>\n1.14 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-12-30
\nMaturity Price : 17.70
\nEvaluated at bid price : 17.70
\nBid-YTW : 7.92 %<\/td>\n<\/tr>\n
MFC.PR.K<\/td>\nFixedReset Ins Non<\/td>\n1.18 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-12-30
\nMaturity Price : 17.15
\nEvaluated at bid price : 17.15
\nBid-YTW : 8.18 %<\/td>\n<\/tr>\n
MFC.PR.F<\/td>\nFixedReset Ins Non<\/td>\n1.20 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-12-30
\nMaturity Price : 12.70
\nEvaluated at bid price : 12.70
\nBid-YTW : 8.30 %<\/td>\n<\/tr>\n
TRP.PR.E<\/td>\nFixedReset Disc<\/td>\n1.26 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-12-30
\nMaturity Price : 14.70
\nEvaluated at bid price : 14.70
\nBid-YTW : 9.30 %<\/td>\n<\/tr>\n
NA.PR.E<\/td>\nFixedReset Disc<\/td>\n1.26 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-12-30
\nMaturity Price : 20.15
\nEvaluated at bid price : 20.15
\nBid-YTW : 7.49 %<\/td>\n<\/tr>\n
RY.PR.M<\/td>\nFixedReset Disc<\/td>\n1.35 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-12-30
\nMaturity Price : 18.05
\nEvaluated at bid price : 18.05
\nBid-YTW : 7.57 %<\/td>\n<\/tr>\n
GWO.PR.L<\/td>\nInsurance Straight<\/td>\n1.41 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-12-30
\nMaturity Price : 21.38
\nEvaluated at bid price : 21.65
\nBid-YTW : 6.56 %<\/td>\n<\/tr>\n
NA.PR.G<\/td>\nFixedReset Disc<\/td>\n1.65 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-12-30
\nMaturity Price : 21.50
\nEvaluated at bid price : 21.50
\nBid-YTW : 7.19 %<\/td>\n<\/tr>\n
BN.PR.X<\/td>\nFixedReset Disc<\/td>\n1.67 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-12-30
\nMaturity Price : 15.25
\nEvaluated at bid price : 15.25
\nBid-YTW : 8.26 %<\/td>\n<\/tr>\n
TRP.PR.D<\/td>\nFixedReset Disc<\/td>\n1.73 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-12-30
\nMaturity Price : 15.30
\nEvaluated at bid price : 15.30
\nBid-YTW : 9.14 %<\/td>\n<\/tr>\n
SLF.PR.D<\/td>\nInsurance Straight<\/td>\n1.97 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-12-30
\nMaturity Price : 18.10
\nEvaluated at bid price : 18.10
\nBid-YTW : 6.19 %<\/td>\n<\/tr>\n
TRP.PR.C<\/td>\nFixedReset Disc<\/td>\n2.05 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-12-30
\nMaturity Price : 11.41
\nEvaluated at bid price : 11.41
\nBid-YTW : 9.25 %<\/td>\n<\/tr>\n
CM.PR.S<\/td>\nFixedReset Disc<\/td>\n2.08 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-12-30
\nMaturity Price : 21.13
\nEvaluated at bid price : 21.13
\nBid-YTW : 6.90 %<\/td>\n<\/tr>\n
BIP.PR.E<\/td>\nFixedReset Disc<\/td>\n2.15 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-12-30
\nMaturity Price : 19.97
\nEvaluated at bid price : 19.97
\nBid-YTW : 8.05 %<\/td>\n<\/tr>\n
BN.PF.H<\/td>\nFixedReset Disc<\/td>\n2.18 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2025-12-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 23.40
\nBid-YTW : 7.46 %<\/td>\n<\/tr>\n
BN.PF.D<\/td>\nPerpetual-Discount<\/td>\n2.23 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-12-30
\nMaturity Price : 18.30
\nEvaluated at bid price : 18.30
\nBid-YTW : 6.75 %<\/td>\n<\/tr>\n
MFC.PR.L<\/td>\nFixedReset Ins Non<\/td>\n2.31 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-12-30
\nMaturity Price : 16.40
\nEvaluated at bid price : 16.40
\nBid-YTW : 8.26 %<\/td>\n<\/tr>\n
SLF.PR.J<\/td>\nFloatingReset<\/td>\n2.46 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-12-30
\nMaturity Price : 15.00
\nEvaluated at bid price : 15.00
\nBid-YTW : 9.70 %<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n\n\n\n\n\n\n\n\n
Volume Highlights<\/strong><\/td>\n<\/tr>\n
Issue<\/td>\nIndex<\/td>\nShares
\nTraded<\/td>\n		Notes<\/td>\n<\/tr>\n
RY.PR.S<\/td>\nFixedReset Disc<\/td>\n55,300<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-12-30
\nMaturity Price : 19.65
\nEvaluated at bid price : 19.65
\nBid-YTW : 7.34 %<\/td>\n<\/tr>\n
RY.PR.Z<\/td>\nFixedReset Disc<\/td>\n26,956<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-12-30
\nMaturity Price : 17.36
\nEvaluated at bid price : 17.36
\nBid-YTW : 7.90 %<\/td>\n<\/tr>\n
TD.PF.L<\/td>\nFixedReset Disc<\/td>\n26,211<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-12-30
\nMaturity Price : 23.20
\nEvaluated at bid price : 23.67
\nBid-YTW : 7.00 %<\/td>\n<\/tr>\n
GWO.PR.N<\/td>\nFixedReset Ins Non<\/td>\n17,200<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-12-30
\nMaturity Price : 12.05
\nEvaluated at bid price : 12.05
\nBid-YTW : 8.42 %<\/td>\n<\/tr>\n
TD.PF.B<\/td>\nFixedReset Disc<\/td>\n13,800<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-12-30
\nMaturity Price : 17.29
\nEvaluated at bid price : 17.29
\nBid-YTW : 7.99 %<\/td>\n<\/tr>\n
CM.PR.S<\/td>\nFixedReset Disc<\/td>\n13,800<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-12-30
\nMaturity Price : 21.13
\nEvaluated at bid price : 21.13
\nBid-YTW : 6.90 %<\/td>\n<\/tr>\n
There were 5 other index-included issues trading in excess of 10,000 shares.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\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.I<\/td>\nPerpetual-Discount<\/td>\nQuote: 20.50 – 22.18
\nSpot Rate : 1.6800
\nAverage : 1.0976<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-12-30
\nMaturity Price : 20.50
\nEvaluated at bid price : 20.50
\nBid-YTW : 6.64 %<\/td>\n<\/tr>\n

BN.PF.F<\/td>\nFixedReset Disc<\/td>\nQuote: 16.40 – 17.75
\nSpot Rate : 1.3500
\nAverage : 0.8089<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-12-30
\nMaturity Price : 16.40
\nEvaluated at bid price : 16.40
\nBid-YTW : 9.14 %<\/td>\n<\/tr>\n

RY.PR.S<\/td>\nFixedReset Disc<\/td>\nQuote: 19.65 – 20.55
\nSpot Rate : 0.9000
\nAverage : 0.5747<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-12-30
\nMaturity Price : 19.65
\nEvaluated at bid price : 19.65
\nBid-YTW : 7.34 %<\/td>\n<\/tr>\n

BN.PF.I<\/td>\nFixedReset Disc<\/td>\nQuote: 22.50 – 23.40
\nSpot Rate : 0.9000
\nAverage : 0.6167<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-12-30
\nMaturity Price : 22.02
\nEvaluated at bid price : 22.50
\nBid-YTW : 7.48 %<\/td>\n<\/tr>\n

TRP.PR.C<\/td>\nFixedReset Disc<\/td>\nQuote: 11.41 – 12.20
\nSpot Rate : 0.7900
\nAverage : 0.5451<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-12-30
\nMaturity Price : 11.41
\nEvaluated at bid price : 11.41
\nBid-YTW : 9.25 %<\/td>\n<\/tr>\n

BN.PF.A<\/td>\nFixedReset Disc<\/td>\nQuote: 18.37 – 19.16
\nSpot Rate : 0.7900
\nAverage : 0.5492<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-12-30
\nMaturity Price : 18.37
\nEvaluated at bid price : 18.37
\nBid-YTW : 8.55 %<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

TXPR closed at 544.36, up 0.52% on the day. Volume today was 556,320, lowest of the past 21 trading days. CPD closed at 10.75, up 0.19% on the day. Volume was 90,700, second-lowest of the …<\/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-44585","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/44585","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=44585"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/44585\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=44585"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=44585"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=44585"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}