{"id":50708,"date":"2019-08-26T11:46:00","date_gmt":"2019-08-26T15:46:00","guid":{"rendered":"https:\/\/prefblog.com\/?p=50708"},"modified":"2025-11-17T11:47:31","modified_gmt":"2025-11-17T16:47:31","slug":"august-26-2019","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=50708","title":{"rendered":"August 26, 2019"},"content":{"rendered":"

Well, we got through the G-7 meeting without any major disruptions, so let’s thank Heaven for small mercies!<\/p>\n

In the meantime, two of the three mainstream indicators made new 52-week lows today:<\/p>\n

TXPR closed at 572.79<\/a>, a new 52-week low and down 0.12% on the day. Volume was 2.04-million, about the median for the past thirty days.<\/p>\n

CPD closed at 11.42<\/a>, down 0.52% on the day after touching a new 52-week low of 11.40. Volume of 114,368 was near the median in the context of the past 30 days.<\/p>\n

ZPR closed at 9.12<\/a>, up 0.22% on the day. Volume of 176,652 was above average but nothing special in the context of the past 30 days.<\/p>\n

Five-year Canada yields were up 4bp to 1.25%<\/a> today.<\/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-0.0736 %<\/td>\n1,760.2<\/td>\n<\/tr>\n
FixedFloater<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.0736 %<\/td>\n3,229.9<\/td>\n<\/tr>\n
Floater<\/td>\n6.79 %<\/td>\n7.03 %<\/td>\n44,892<\/td>\n12.40<\/td>\n4<\/td>\n-0.0736 %<\/td>\n1,861.4<\/td>\n<\/tr>\n
OpRet<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.2547 %<\/td>\n3,373.2<\/td>\n<\/tr>\n
SplitShare<\/td>\n4.66 %<\/td>\n4.57 %<\/td>\n60,763<\/td>\n4.08<\/td>\n7<\/td>\n0.2547 %<\/td>\n4,028.3<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.2547 %<\/td>\n3,143.0<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.66 %<\/td>\n-3.80 %<\/td>\n66,147<\/td>\n0.09<\/td>\n9<\/td>\n-0.0265 %<\/td>\n2,960.9<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n5.54 %<\/td>\n5.64 %<\/td>\n61,063<\/td>\n14.47<\/td>\n25<\/td>\n-0.0644 %<\/td>\n3,076.0<\/td>\n<\/tr>\n
FixedReset Disc<\/td>\n5.98 %<\/td>\n5.73 %<\/td>\n160,681<\/td>\n14.35<\/td>\n66<\/td>\n-0.0429 %<\/td>\n1,940.6<\/td>\n<\/tr>\n
Deemed-Retractible<\/td>\n5.32 %<\/td>\n6.24 %<\/td>\n62,048<\/td>\n7.82<\/td>\n27<\/td>\n-0.0786 %<\/td>\n3,067.8<\/td>\n<\/tr>\n
FloatingReset<\/td>\n4.75 %<\/td>\n3.97 %<\/td>\n30,075<\/td>\n2.34<\/td>\n3<\/td>\n-0.1235 %<\/td>\n2,228.2<\/td>\n<\/tr>\n
FixedReset Prem<\/td>\n5.23 %<\/td>\n4.94 %<\/td>\n168,623<\/td>\n1.88<\/td>\n21<\/td>\n-0.0342 %<\/td>\n2,547.2<\/td>\n<\/tr>\n
FixedReset Bank Non<\/td>\n1.99 %<\/td>\n4.45 %<\/td>\n87,412<\/td>\n2.35<\/td>\n3<\/td>\n0.0140 %<\/td>\n2,648.1<\/td>\n<\/tr>\n
FixedReset Ins Non<\/td>\n5.73 %<\/td>\n8.45 %<\/td>\n99,658<\/td>\n7.94<\/td>\n21<\/td>\n0.1945 %<\/td>\n2,004.4<\/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
Performance Highlights<\/strong><\/td>\n<\/tr>\n
Issue<\/td>\nIndex<\/td>\nChange<\/td>\nNotes<\/td>\n<\/tr>\n
MFC.PR.F<\/td>\nFixedReset Ins Non<\/td>\n-2.46 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2030-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 11.88
\nBid-YTW : 11.21 %<\/td>\n<\/tr>\n
SLF.PR.H<\/td>\nFixedReset Ins Non<\/td>\n-1.68 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2030-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 15.19
\nBid-YTW : 9.33 %<\/td>\n<\/tr>\n
EMA.PR.C<\/td>\nFixedReset Disc<\/td>\n-1.66 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-08-26
\nMaturity Price : 16.56
\nEvaluated at bid price : 16.56
\nBid-YTW : 6.24 %<\/td>\n<\/tr>\n
TD.PF.E<\/td>\nFixedReset Disc<\/td>\n-1.58 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-08-26
\nMaturity Price : 18.01
\nEvaluated at bid price : 18.01
\nBid-YTW : 5.73 %<\/td>\n<\/tr>\n
TD.PF.B<\/td>\nFixedReset Disc<\/td>\n-1.57 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-08-26
\nMaturity Price : 16.35
\nEvaluated at bid price : 16.35
\nBid-YTW : 5.50 %<\/td>\n<\/tr>\n
BAM.PF.F<\/td>\nFixedReset Disc<\/td>\n-1.52 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-08-26
\nMaturity Price : 15.51
\nEvaluated at bid price : 15.51
\nBid-YTW : 6.74 %<\/td>\n<\/tr>\n
SLF.PR.G<\/td>\nFixedReset Ins Non<\/td>\n-1.36 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2030-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 12.29
\nBid-YTW : 11.03 %<\/td>\n<\/tr>\n
NA.PR.C<\/td>\nFixedReset Disc<\/td>\n-1.25 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-08-26
\nMaturity Price : 19.75
\nEvaluated at bid price : 19.75
\nBid-YTW : 5.91 %<\/td>\n<\/tr>\n
BAM.PR.N<\/td>\nPerpetual-Discount<\/td>\n-1.20 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-08-26
\nMaturity Price : 19.75
\nEvaluated at bid price : 19.75
\nBid-YTW : 6.13 %<\/td>\n<\/tr>\n
TD.PF.I<\/td>\nFixedReset Disc<\/td>\n-1.18 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-08-26
\nMaturity Price : 20.16
\nEvaluated at bid price : 20.16
\nBid-YTW : 5.39 %<\/td>\n<\/tr>\n
PWF.PR.P<\/td>\nFixedReset Disc<\/td>\n-1.17 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-08-26
\nMaturity Price : 11.80
\nEvaluated at bid price : 11.80
\nBid-YTW : 5.99 %<\/td>\n<\/tr>\n
CM.PR.R<\/td>\nFixedReset Disc<\/td>\n-1.08 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-08-26
\nMaturity Price : 20.18
\nEvaluated at bid price : 20.18
\nBid-YTW : 5.74 %<\/td>\n<\/tr>\n
CU.PR.F<\/td>\nPerpetual-Discount<\/td>\n-1.08 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-08-26
\nMaturity Price : 21.12
\nEvaluated at bid price : 21.12
\nBid-YTW : 5.36 %<\/td>\n<\/tr>\n
TRP.PR.D<\/td>\nFixedReset Disc<\/td>\n-1.02 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-08-26
\nMaturity Price : 14.52
\nEvaluated at bid price : 14.52
\nBid-YTW : 6.46 %<\/td>\n<\/tr>\n
BAM.PR.T<\/td>\nFixedReset Disc<\/td>\n1.05 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-08-26
\nMaturity Price : 13.52
\nEvaluated at bid price : 13.52
\nBid-YTW : 6.67 %<\/td>\n<\/tr>\n
SLF.PR.I<\/td>\nFixedReset Ins Non<\/td>\n1.10 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2030-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 17.50
\nBid-YTW : 8.42 %<\/td>\n<\/tr>\n
IFC.PR.C<\/td>\nFixedReset Ins Non<\/td>\n1.38 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2030-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 16.95
\nBid-YTW : 8.61 %<\/td>\n<\/tr>\n
BIP.PR.E<\/td>\nFixedReset Disc<\/td>\n1.45 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-08-26
\nMaturity Price : 21.05
\nEvaluated at bid price : 21.05
\nBid-YTW : 6.05 %<\/td>\n<\/tr>\n
PWF.PR.T<\/td>\nFixedReset Disc<\/td>\n1.59 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-08-26
\nMaturity Price : 16.61
\nEvaluated at bid price : 16.61
\nBid-YTW : 5.74 %<\/td>\n<\/tr>\n
MFC.PR.G<\/td>\nFixedReset Ins Non<\/td>\n1.90 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2030-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 17.15
\nBid-YTW : 8.72 %<\/td>\n<\/tr>\n
IFC.PR.G<\/td>\nFixedReset Ins Non<\/td>\n2.08 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2030-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 18.15
\nBid-YTW : 8.45 %<\/td>\n<\/tr>\n
EMA.PR.F<\/td>\nFixedReset Disc<\/td>\n2.37 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-08-26
\nMaturity Price : 15.11
\nEvaluated at bid price : 15.11
\nBid-YTW : 6.47 %<\/td>\n<\/tr>\n
HSE.PR.A<\/td>\nFixedReset Disc<\/td>\n4.19 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-08-26
\nMaturity Price : 10.95
\nEvaluated at bid price : 10.95
\nBid-YTW : 6.75 %<\/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.M<\/td>\nFixedReset Prem<\/td>\n145,080<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-08-26
\nMaturity Price : 22.71
\nEvaluated at bid price : 23.85
\nBid-YTW : 5.16 %<\/td>\n<\/tr>\n
TD.PF.L<\/td>\nFixedReset Disc<\/td>\n59,165<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-08-26
\nMaturity Price : 22.54
\nEvaluated at bid price : 23.45
\nBid-YTW : 4.99 %<\/td>\n<\/tr>\n
BAM.PR.T<\/td>\nFixedReset Disc<\/td>\n54,700<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-08-26
\nMaturity Price : 13.52
\nEvaluated at bid price : 13.52
\nBid-YTW : 6.67 %<\/td>\n<\/tr>\n
TD.PF.H<\/td>\nFixedReset Prem<\/td>\n45,463<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-08-26
\nMaturity Price : 23.26
\nEvaluated at bid price : 24.31
\nBid-YTW : 5.45 %<\/td>\n<\/tr>\n
SLF.PR.B<\/td>\nDeemed-Retractible<\/td>\n45,290<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2030-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 21.95
\nBid-YTW : 6.57 %<\/td>\n<\/tr>\n
BMO.PR.B<\/td>\nFixedReset Prem<\/td>\n33,277<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-08-26
\nMaturity Price : 23.20
\nEvaluated at bid price : 24.31
\nBid-YTW : 5.36 %<\/td>\n<\/tr>\n
There were 30 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
BAM.PF.I<\/td>\nFixedReset Prem<\/td>\nQuote: 24.75 – 25.33
\nSpot Rate : 0.5800
\nAverage : 0.3651<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-08-26
\nMaturity Price : 23.36
\nEvaluated at bid price : 24.75
\nBid-YTW : 5.09 %<\/td>\n<\/tr>\n

ELF.PR.G<\/td>\nPerpetual-Discount<\/td>\nQuote: 21.71 – 22.30
\nSpot Rate : 0.5900
\nAverage : 0.3929<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-08-26
\nMaturity Price : 21.45
\nEvaluated at bid price : 21.71
\nBid-YTW : 5.53 %<\/td>\n<\/tr>\n

BAM.PF.G<\/td>\nFixedReset Disc<\/td>\nQuote: 15.52 – 16.05
\nSpot Rate : 0.5300
\nAverage : 0.3341<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-08-26
\nMaturity Price : 15.52
\nEvaluated at bid price : 15.52
\nBid-YTW : 6.75 %<\/td>\n<\/tr>\n

EMA.PR.C<\/td>\nFixedReset Disc<\/td>\nQuote: 16.56 – 17.12
\nSpot Rate : 0.5600
\nAverage : 0.3705<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-08-26
\nMaturity Price : 16.56
\nEvaluated at bid price : 16.56
\nBid-YTW : 6.24 %<\/td>\n<\/tr>\n

GWO.PR.M<\/td>\nDeemed-Retractible<\/td>\nQuote: 25.72 – 26.19
\nSpot Rate : 0.4700
\nAverage : 0.3239<\/p>\n

YTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2019-09-25
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.72
\nBid-YTW : -17.09 %<\/td>\n<\/tr>\n

IAF.PR.B<\/td>\nDeemed-Retractible<\/td>\nQuote: 21.48 – 21.98
\nSpot Rate : 0.5000
\nAverage : 0.3541<\/p>\n

YTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2030-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 21.48
\nBid-YTW : 6.62 %<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Well, we got through the G-7 meeting without any major disruptions, so let’s thank Heaven for small mercies! In the meantime, two of the three mainstream indicators made new 52-week lows today: TXPR closed at …<\/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-50708","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/50708","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=50708"}],"version-history":[{"count":1,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/50708\/revisions"}],"predecessor-version":[{"id":50709,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/50708\/revisions\/50709"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=50708"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=50708"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=50708"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}