{"id":50704,"date":"2019-08-27T11:43:00","date_gmt":"2019-08-27T15:43:00","guid":{"rendered":"https:\/\/prefblog.com\/?p=50704"},"modified":"2025-11-17T11:44:25","modified_gmt":"2025-11-17T16:44:25","slug":"august-27-2019","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=50704","title":{"rendered":"August 27, 2019"},"content":{"rendered":"

Another day, another three more 52-week lows!<\/p>\n

TXPR closed at 570.29<\/a>, down 0.35% on the day and just barely above its new 52-week low of 570.28. Volume was 2.54-million, high but not extraordinary in the context of the past thirty days.<\/p>\n

CPD closed at 11.33<\/a>, a new 52-week low and down 0.79% on the day. Volume of 110,835 was near the median in the context of the past 30 days.<\/p>\n

ZPR closed at 9.06<\/a>, down 0.66% on the day after touching a new 52-week low of 9.045. Volume of 177,769 was above average but nothing special in the context of the past 30 days.<\/p>\n

Five-year Canada yields were down 8bp to 1.17%<\/a> today.<\/p>\n

For those who would really appreciate a bit of good news, I’ll pass along the tidbit that Queue de Cheval<\/a>, my favourite steakhouse, is coming to Toronto in November<\/a>.<\/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-2.4049 %<\/td>\n1,717.9<\/td>\n<\/tr>\n
FixedFloater<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-2.4049 %<\/td>\n3,152.2<\/td>\n<\/tr>\n
Floater<\/td>\n6.95 %<\/td>\n7.14 %<\/td>\n48,276<\/td>\n12.27<\/td>\n4<\/td>\n-2.4049 %<\/td>\n1,816.6<\/td>\n<\/tr>\n
OpRet<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.0056 %<\/td>\n3,373.0<\/td>\n<\/tr>\n
SplitShare<\/td>\n4.66 %<\/td>\n4.52 %<\/td>\n60,756<\/td>\n4.08<\/td>\n7<\/td>\n-0.0056 %<\/td>\n4,028.0<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.0056 %<\/td>\n3,142.8<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.66 %<\/td>\n0.21 %<\/td>\n64,573<\/td>\n0.09<\/td>\n9<\/td>\n0.0663 %<\/td>\n2,962.8<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n5.56 %<\/td>\n5.64 %<\/td>\n61,638<\/td>\n14.43<\/td>\n25<\/td>\n-0.2579 %<\/td>\n3,068.1<\/td>\n<\/tr>\n
FixedReset Disc<\/td>\n6.00 %<\/td>\n5.74 %<\/td>\n154,426<\/td>\n14.27<\/td>\n66<\/td>\n-0.3349 %<\/td>\n1,934.1<\/td>\n<\/tr>\n
Deemed-Retractible<\/td>\n5.33 %<\/td>\n6.24 %<\/td>\n66,960<\/td>\n7.82<\/td>\n27<\/td>\n-0.0443 %<\/td>\n3,066.5<\/td>\n<\/tr>\n
FloatingReset<\/td>\n4.77 %<\/td>\n3.98 %<\/td>\n30,820<\/td>\n2.33<\/td>\n3<\/td>\n0.0106 %<\/td>\n2,228.4<\/td>\n<\/tr>\n
FixedReset Prem<\/td>\n5.23 %<\/td>\n5.07 %<\/td>\n176,574<\/td>\n1.88<\/td>\n21<\/td>\n-0.0209 %<\/td>\n2,546.6<\/td>\n<\/tr>\n
FixedReset Bank Non<\/td>\n1.99 %<\/td>\n4.44 %<\/td>\n84,322<\/td>\n2.35<\/td>\n3<\/td>\n-0.0978 %<\/td>\n2,645.5<\/td>\n<\/tr>\n
FixedReset Ins Non<\/td>\n5.75 %<\/td>\n8.52 %<\/td>\n101,963<\/td>\n7.93<\/td>\n21<\/td>\n-0.2057 %<\/td>\n2,000.3<\/td>\n<\/tr>\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
PWF.PR.A<\/td>\nFloater<\/td>\n-5.12 %<\/td>\nReal enough, since the issue traded 20,050 shares today in a range of 10.21-75 before closing at 10.20-50. Fourteen of the last twenty-five trades (from 2:01pm to the close) were in the 10.21-29 range.<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-08-27
\nMaturity Price : 10.20
\nEvaluated at bid price : 10.20
\nBid-YTW : 6.85 %<\/td>\n<\/tr>\n

CU.PR.C<\/td>\nFixedReset Disc<\/td>\n-3.21 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-08-27
\nMaturity Price : 15.68
\nEvaluated at bid price : 15.68
\nBid-YTW : 5.78 %<\/td>\n<\/tr>\n
HSE.PR.E<\/td>\nFixedReset Disc<\/td>\n-2.84 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-08-27
\nMaturity Price : 16.77
\nEvaluated at bid price : 16.77
\nBid-YTW : 7.30 %<\/td>\n<\/tr>\n
SLF.PR.H<\/td>\nFixedReset Ins Non<\/td>\n-2.38 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2030-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 14.65
\nBid-YTW : 9.64 %<\/td>\n<\/tr>\n
MFC.PR.J<\/td>\nFixedReset Ins Non<\/td>\n-2.20 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2030-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 17.75
\nBid-YTW : 8.46 %<\/td>\n<\/tr>\n
BAM.PR.C<\/td>\nFloater<\/td>\n-1.80 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-08-27
\nMaturity Price : 9.83
\nEvaluated at bid price : 9.83
\nBid-YTW : 7.17 %<\/td>\n<\/tr>\n
TD.PF.C<\/td>\nFixedReset Disc<\/td>\n-1.78 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-08-27
\nMaturity Price : 15.42
\nEvaluated at bid price : 15.42
\nBid-YTW : 5.73 %<\/td>\n<\/tr>\n
CU.PR.G<\/td>\nPerpetual-Discount<\/td>\n-1.67 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-08-27
\nMaturity Price : 20.65
\nEvaluated at bid price : 20.65
\nBid-YTW : 5.48 %<\/td>\n<\/tr>\n
BAM.PF.D<\/td>\nPerpetual-Discount<\/td>\n-1.53 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-08-27
\nMaturity Price : 20.53
\nEvaluated at bid price : 20.53
\nBid-YTW : 6.08 %<\/td>\n<\/tr>\n
TRP.PR.B<\/td>\nFixedReset Disc<\/td>\n-1.53 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-08-27
\nMaturity Price : 9.66
\nEvaluated at bid price : 9.66
\nBid-YTW : 6.60 %<\/td>\n<\/tr>\n
BAM.PR.B<\/td>\nFloater<\/td>\n-1.50 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-08-27
\nMaturity Price : 9.87
\nEvaluated at bid price : 9.87
\nBid-YTW : 7.14 %<\/td>\n<\/tr>\n
BAM.PR.M<\/td>\nPerpetual-Discount<\/td>\n-1.41 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-08-27
\nMaturity Price : 19.62
\nEvaluated at bid price : 19.62
\nBid-YTW : 6.17 %<\/td>\n<\/tr>\n
CU.PR.E<\/td>\nPerpetual-Discount<\/td>\n-1.34 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-08-27
\nMaturity Price : 22.10
\nEvaluated at bid price : 22.10
\nBid-YTW : 5.58 %<\/td>\n<\/tr>\n
BMO.PR.W<\/td>\nFixedReset Disc<\/td>\n-1.29 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-08-27
\nMaturity Price : 15.30
\nEvaluated at bid price : 15.30
\nBid-YTW : 5.70 %<\/td>\n<\/tr>\n
CM.PR.P<\/td>\nFixedReset Disc<\/td>\n-1.21 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-08-27
\nMaturity Price : 14.67
\nEvaluated at bid price : 14.67
\nBid-YTW : 6.02 %<\/td>\n<\/tr>\n
CM.PR.O<\/td>\nFixedReset Disc<\/td>\n-1.19 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-08-27
\nMaturity Price : 15.74
\nEvaluated at bid price : 15.74
\nBid-YTW : 5.80 %<\/td>\n<\/tr>\n
TD.PF.L<\/td>\nFixedReset Disc<\/td>\n-1.15 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-08-27
\nMaturity Price : 22.40
\nEvaluated at bid price : 23.18
\nBid-YTW : 5.06 %<\/td>\n<\/tr>\n
BMO.PR.Y<\/td>\nFixedReset Disc<\/td>\n-1.14 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-08-27
\nMaturity Price : 17.41
\nEvaluated at bid price : 17.41
\nBid-YTW : 5.70 %<\/td>\n<\/tr>\n
BMO.PR.C<\/td>\nFixedReset Disc<\/td>\n-1.12 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-08-27
\nMaturity Price : 20.37
\nEvaluated at bid price : 20.37
\nBid-YTW : 5.64 %<\/td>\n<\/tr>\n
BMO.PR.S<\/td>\nFixedReset Disc<\/td>\n-1.02 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-08-27
\nMaturity Price : 16.50
\nEvaluated at bid price : 16.50
\nBid-YTW : 5.56 %<\/td>\n<\/tr>\n
BAM.PR.K<\/td>\nFloater<\/td>\n-1.00 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-08-27
\nMaturity Price : 9.87
\nEvaluated at bid price : 9.87
\nBid-YTW : 7.14 %<\/td>\n<\/tr>\n
BIP.PR.C<\/td>\nFixedReset Prem<\/td>\n1.01 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2021-09-30
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.10
\nBid-YTW : 5.61 %<\/td>\n<\/tr>\n
CM.PR.S<\/td>\nFixedReset Disc<\/td>\n1.29 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-08-27
\nMaturity Price : 17.27
\nEvaluated at bid price : 17.27
\nBid-YTW : 5.67 %<\/td>\n<\/tr>\n
CM.PR.Y<\/td>\nFixedReset Disc<\/td>\n1.32 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-08-27
\nMaturity Price : 22.67
\nEvaluated at bid price : 23.75
\nBid-YTW : 5.26 %<\/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
RY.PR.Q<\/td>\nFixedReset Prem<\/td>\n169,272<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2021-05-24
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.35
\nBid-YTW : 4.69 %<\/td>\n<\/tr>\n
TD.PF.M<\/td>\nFixedReset Prem<\/td>\n125,300<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-08-27
\nMaturity Price : 22.69
\nEvaluated at bid price : 23.79
\nBid-YTW : 5.18 %<\/td>\n<\/tr>\n
GWO.PR.S<\/td>\nDeemed-Retractible<\/td>\n82,300<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2030-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 23.41
\nBid-YTW : 6.24 %<\/td>\n<\/tr>\n
RY.PR.J<\/td>\nFixedReset Disc<\/td>\n48,719<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-08-27
\nMaturity Price : 17.50
\nEvaluated at bid price : 17.50
\nBid-YTW : 5.71 %<\/td>\n<\/tr>\n
TD.PF.J<\/td>\nFixedReset Disc<\/td>\n48,165<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-08-27
\nMaturity Price : 19.15
\nEvaluated at bid price : 19.15
\nBid-YTW : 5.42 %<\/td>\n<\/tr>\n
TRP.PR.C<\/td>\nFixedReset Disc<\/td>\n44,900<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-08-27
\nMaturity Price : 10.28
\nEvaluated at bid price : 10.28
\nBid-YTW : 6.74 %<\/td>\n<\/tr>\n
There were 39 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
CU.PR.H<\/td>\nPerpetual-Discount<\/td>\nQuote: 23.76 – 24.79
\nSpot Rate : 1.0300
\nAverage : 0.6324<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-08-27
\nMaturity Price : 23.30
\nEvaluated at bid price : 23.76
\nBid-YTW : 5.53 %<\/td>\n<\/tr>\n

CU.PR.E<\/td>\nPerpetual-Discount<\/td>\nQuote: 22.10 – 22.79
\nSpot Rate : 0.6900
\nAverage : 0.5208<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-08-27
\nMaturity Price : 22.10
\nEvaluated at bid price : 22.10
\nBid-YTW : 5.58 %<\/td>\n<\/tr>\n

IAF.PR.B<\/td>\nDeemed-Retractible<\/td>\nQuote: 21.36 – 22.06
\nSpot Rate : 0.7000
\nAverage : 0.5350<\/p>\n

YTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2030-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 21.36
\nBid-YTW : 6.70 %<\/td>\n<\/tr>\n

BIP.PR.F<\/td>\nFixedReset Disc<\/td>\nQuote: 21.25 – 21.71
\nSpot Rate : 0.4600
\nAverage : 0.3193<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-08-27
\nMaturity Price : 21.25
\nEvaluated at bid price : 21.25
\nBid-YTW : 6.11 %<\/td>\n<\/tr>\n

TD.PF.M<\/td>\nFixedReset Prem<\/td>\nQuote: 23.79 – 24.19
\nSpot Rate : 0.4000
\nAverage : 0.2715<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-08-27
\nMaturity Price : 22.69
\nEvaluated at bid price : 23.79
\nBid-YTW : 5.18 %<\/td>\n<\/tr>\n

BAM.PF.E<\/td>\nFixedReset Disc<\/td>\nQuote: 14.22 – 14.63
\nSpot Rate : 0.4100
\nAverage : 0.2846<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-08-27
\nMaturity Price : 14.22
\nEvaluated at bid price : 14.22
\nBid-YTW : 6.87 %<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Another day, another three more 52-week lows! TXPR closed at 570.29, down 0.35% on the day and just barely above its new 52-week low of 570.28. Volume was 2.54-million, high but not extraordinary in 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-50704","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/50704","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=50704"}],"version-history":[{"count":1,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/50704\/revisions"}],"predecessor-version":[{"id":50705,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/50704\/revisions\/50705"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=50704"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=50704"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=50704"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}