December 28, 2018

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TXPR closed at 619.90, up a stunning 3.15% on the day on the first day following tax-loss selling season. Volume of 1.46-million was the lowest of the past thirty days.

CPD closed at 12.34, up 2.15% on the day. Volume of 159,992 was fourth-lowest of the past thirty days.

ZPR closed at 10.04, up 3.19% on the day. Volume of 236,190 was the fourth-lowest of the past thirty days.

A very nice day, but without much volume. Those inclined to read too much into a single day’s returns should note that today’s win still leaves the TXPR total return index below the level of December 17 and is still down 3.02% on the month.

HIMIPref™ Preferred Indices
These values reflect the December 2008 revision of the HIMIPref™ Indices

Values are provisional and are finalized monthly
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 3.1617 % 2,415.8
FixedFloater 0.00 % 0.00 % 0 0.00 0 3.1617 % 4,432.8
Floater 4.84 % 5.15 % 44,502 15.24 4 3.1617 % 2,554.7
OpRet 0.00 % 0.00 % 0 0.00 0 -0.0294 % 3,143.5
SplitShare 4.68 % 5.38 % 93,228 4.56 7 -0.0294 % 3,754.1
Interest-Bearing 0.00 % 0.00 % 0 0.00 0 -0.0294 % 2,929.1
Perpetual-Premium 5.65 % 6.12 % 154,203 13.63 2 1.5698 % 2,832.6
Perpetual-Discount 5.82 % 5.98 % 73,953 13.92 33 2.5381 % 2,850.6
FixedReset Disc 5.21 % 5.77 % 217,913 14.32 66 4.0413 % 2,158.0
Deemed-Retractible 5.56 % 6.80 % 93,957 8.16 27 2.5729 % 2,847.8
FloatingReset 4.21 % 4.89 % 41,557 2.93 7 2.3066 % 2,416.7
FixedReset Prem 5.16 % 4.40 % 285,457 2.25 14 0.7636 % 2,515.5
FixedReset Bank Non 2.98 % 3.74 % 143,474 0.16 6 0.4981 % 2,567.3
FixedReset Ins Non 5.16 % 7.27 % 150,369 8.32 22 3.5816 % 2,155.1
Performance Highlights
Issue Index Change Notes
BNS.PR.E FixedReset Prem 1.17 % YTW SCENARIO
Maturity Type : Call
Maturity Date : 2021-04-25
Maturity Price : 25.00
Evaluated at bid price : 26.00
Bid-YTW : 4.12 %
BNS.PR.G FixedReset Prem 1.17 % YTW SCENARIO
Maturity Type : Call
Maturity Date : 2021-07-25
Maturity Price : 25.00
Evaluated at bid price : 25.92
Bid-YTW : 4.39 %
BAM.PF.I FixedReset Disc 1.20 % YTW SCENARIO
Maturity Type : Call
Maturity Date : 2022-03-31
Maturity Price : 25.00
Evaluated at bid price : 25.20
Bid-YTW : 4.54 %
RY.PR.O Perpetual-Discount 1.23 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 22.76
Evaluated at bid price : 23.10
Bid-YTW : 5.35 %
CM.PR.R FixedReset Disc 1.28 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 21.77
Evaluated at bid price : 22.08
Bid-YTW : 5.79 %
PWF.PR.E Perpetual-Discount 1.32 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 22.07
Evaluated at bid price : 22.30
Bid-YTW : 6.27 %
BNS.PR.Z FixedReset Bank Non 1.39 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2022-01-31
Maturity Price : 25.00
Evaluated at bid price : 23.32
Bid-YTW : 4.95 %
PWF.PR.L Perpetual-Discount 1.39 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 21.12
Evaluated at bid price : 21.12
Bid-YTW : 6.15 %
NA.PR.X FixedReset Prem 1.41 % YTW SCENARIO
Maturity Type : Call
Maturity Date : 2021-05-15
Maturity Price : 25.00
Evaluated at bid price : 25.85
Bid-YTW : 4.40 %
BAM.PR.K Floater 1.54 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 13.20
Evaluated at bid price : 13.20
Bid-YTW : 5.25 %
BAM.PR.B Floater 1.54 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 13.20
Evaluated at bid price : 13.20
Bid-YTW : 5.25 %
IFC.PR.G FixedReset Ins Non 1.55 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 19.60
Bid-YTW : 7.66 %
NA.PR.C FixedReset Disc 1.59 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 21.05
Evaluated at bid price : 21.05
Bid-YTW : 6.22 %
CU.PR.I FixedReset Disc 1.72 % YTW SCENARIO
Maturity Type : Call
Maturity Date : 2020-12-01
Maturity Price : 25.00
Evaluated at bid price : 25.95
Bid-YTW : 2.65 %
BIP.PR.C FixedReset Disc 1.81 % YTW SCENARIO
Maturity Type : Call
Maturity Date : 2021-09-30
Maturity Price : 25.00
Evaluated at bid price : 24.75
Bid-YTW : 5.77 %
IAG.PR.I FixedReset Ins Non 1.84 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 21.00
Bid-YTW : 6.87 %
GWO.PR.F Deemed-Retractible 1.86 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 24.65
Bid-YTW : 6.11 %
W.PR.J Perpetual-Discount 1.86 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 23.48
Evaluated at bid price : 23.75
Bid-YTW : 5.90 %
POW.PR.D Perpetual-Discount 1.92 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 20.70
Evaluated at bid price : 20.70
Bid-YTW : 6.06 %
TRP.PR.J FixedReset Prem 2.03 % YTW SCENARIO
Maturity Type : Call
Maturity Date : 2021-05-31
Maturity Price : 25.00
Evaluated at bid price : 25.66
Bid-YTW : 4.55 %
BMO.PR.Z Perpetual-Discount 2.05 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 24.36
Evaluated at bid price : 24.85
Bid-YTW : 5.06 %
POW.PR.C Perpetual-Discount 2.06 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 24.04
Evaluated at bid price : 24.29
Bid-YTW : 5.98 %
CU.PR.F Perpetual-Discount 2.09 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 19.50
Evaluated at bid price : 19.50
Bid-YTW : 5.84 %
EML.PR.A FixedReset Ins Non 2.19 % YTW SCENARIO
Maturity Type : Call
Maturity Date : 2021-04-17
Maturity Price : 25.00
Evaluated at bid price : 26.17
Bid-YTW : 3.50 %
PWF.PR.F Perpetual-Discount 2.20 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 21.59
Evaluated at bid price : 21.85
Bid-YTW : 6.11 %
SLF.PR.G FixedReset Ins Non 2.25 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 14.57
Bid-YTW : 9.32 %
GWO.PR.I Deemed-Retractible 2.29 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 19.19
Bid-YTW : 7.69 %
MFC.PR.R FixedReset Ins Non 2.30 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 23.62
Bid-YTW : 6.21 %
TRP.PR.H FloatingReset 2.31 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 12.82
Evaluated at bid price : 12.82
Bid-YTW : 5.77 %
BIP.PR.E FixedReset Disc 2.33 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 21.67
Evaluated at bid price : 22.00
Bid-YTW : 5.70 %
PWF.PR.T FixedReset Disc 2.37 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 18.55
Evaluated at bid price : 18.55
Bid-YTW : 5.93 %
GWO.PR.R Deemed-Retractible 2.38 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 20.66
Bid-YTW : 7.13 %
PWF.PR.Z Perpetual-Discount 2.38 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 21.50
Evaluated at bid price : 21.50
Bid-YTW : 6.10 %
PWF.PR.I Perpetual-Premium 2.38 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 24.67
Evaluated at bid price : 24.93
Bid-YTW : 6.12 %
BAM.PF.F FixedReset Disc 2.45 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 19.67
Evaluated at bid price : 19.67
Bid-YTW : 6.14 %
BAM.PF.A FixedReset Disc 2.53 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 21.04
Evaluated at bid price : 21.04
Bid-YTW : 5.87 %
GWO.PR.N FixedReset Ins Non 2.55 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 14.05
Bid-YTW : 9.50 %
BMO.PR.D FixedReset Disc 2.56 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 21.33
Evaluated at bid price : 21.63
Bid-YTW : 5.79 %
TD.PF.F Perpetual-Discount 2.56 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 23.57
Evaluated at bid price : 24.01
Bid-YTW : 5.16 %
SLF.PR.E Deemed-Retractible 2.61 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 19.29
Bid-YTW : 7.63 %
CU.PR.D Perpetual-Discount 2.62 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 21.55
Evaluated at bid price : 21.55
Bid-YTW : 5.76 %
EMA.PR.F FixedReset Disc 2.62 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 18.38
Evaluated at bid price : 18.38
Bid-YTW : 6.29 %
TD.PF.I FixedReset Disc 2.63 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 21.59
Evaluated at bid price : 21.86
Bid-YTW : 5.63 %
BNS.PR.I FixedReset Disc 2.63 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 21.43
Evaluated at bid price : 21.43
Bid-YTW : 5.40 %
PWF.PR.G Perpetual-Discount 2.74 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 24.09
Evaluated at bid price : 24.35
Bid-YTW : 6.16 %
SLF.PR.A Deemed-Retractible 2.74 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 20.60
Bid-YTW : 7.11 %
TD.PF.D FixedReset Disc 2.75 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 20.55
Evaluated at bid price : 20.55
Bid-YTW : 5.73 %
POW.PR.B Perpetual-Discount 2.76 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 21.70
Evaluated at bid price : 21.95
Bid-YTW : 6.11 %
PWF.PR.O Perpetual-Discount 2.77 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 23.91
Evaluated at bid price : 24.15
Bid-YTW : 6.11 %
BAM.PF.J FixedReset Disc 2.77 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 22.74
Evaluated at bid price : 23.75
Bid-YTW : 5.22 %
TD.PF.E FixedReset Disc 2.80 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 21.30
Evaluated at bid price : 21.30
Bid-YTW : 5.60 %
BAM.PR.X FixedReset Disc 2.89 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 14.93
Evaluated at bid price : 14.93
Bid-YTW : 5.96 %
CU.PR.E Perpetual-Discount 2.93 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 21.10
Evaluated at bid price : 21.10
Bid-YTW : 5.88 %
MFC.PR.M FixedReset Ins Non 3.01 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 18.46
Bid-YTW : 7.91 %
PWF.PR.H Perpetual-Discount 3.04 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 23.72
Evaluated at bid price : 24.03
Bid-YTW : 6.08 %
BAM.PF.E FixedReset Disc 3.05 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 18.61
Evaluated at bid price : 18.61
Bid-YTW : 6.08 %
BIP.PR.A FixedReset Disc 3.09 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 20.00
Evaluated at bid price : 20.00
Bid-YTW : 6.82 %
GWO.PR.H Deemed-Retractible 3.11 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 20.54
Bid-YTW : 7.26 %
GWO.PR.L Deemed-Retractible 3.15 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 23.93
Bid-YTW : 6.23 %
POW.PR.A Perpetual-Discount 3.16 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 22.93
Evaluated at bid price : 23.21
Bid-YTW : 6.04 %
SLF.PR.D Deemed-Retractible 3.17 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 19.50
Bid-YTW : 7.43 %
BAM.PF.G FixedReset Disc 3.17 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 19.50
Evaluated at bid price : 19.50
Bid-YTW : 6.15 %
BMO.PR.C FixedReset Disc 3.22 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 22.04
Evaluated at bid price : 22.45
Bid-YTW : 5.75 %
MFC.PR.N FixedReset Ins Non 3.25 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 18.40
Bid-YTW : 7.85 %
PWF.PR.K Perpetual-Discount 3.26 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 20.56
Evaluated at bid price : 20.56
Bid-YTW : 6.13 %
POW.PR.G Perpetual-Discount 3.29 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 23.08
Evaluated at bid price : 23.55
Bid-YTW : 5.94 %
CM.PR.Q FixedReset Disc 3.39 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 19.80
Evaluated at bid price : 19.80
Bid-YTW : 5.84 %
SLF.PR.I FixedReset Ins Non 3.42 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 19.65
Bid-YTW : 7.27 %
NA.PR.G FixedReset Disc 3.44 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 21.05
Evaluated at bid price : 21.05
Bid-YTW : 5.77 %
BAM.PR.M Perpetual-Discount 3.46 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 19.46
Evaluated at bid price : 19.46
Bid-YTW : 6.15 %
MFC.PR.B Deemed-Retractible 3.50 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 19.83
Bid-YTW : 7.49 %
BIP.PR.F FixedReset Disc 3.53 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 21.64
Evaluated at bid price : 22.00
Bid-YTW : 5.81 %
IFC.PR.F Deemed-Retractible 3.58 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 22.30
Bid-YTW : 6.74 %
PWF.PR.A Floater 3.60 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 17.25
Evaluated at bid price : 17.25
Bid-YTW : 4.05 %
PWF.PR.S Perpetual-Discount 3.84 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 20.56
Evaluated at bid price : 20.56
Bid-YTW : 5.95 %
ELF.PR.H Perpetual-Discount 3.88 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 23.12
Evaluated at bid price : 23.59
Bid-YTW : 5.82 %
SLF.PR.H FixedReset Ins Non 3.91 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 17.56
Bid-YTW : 7.82 %
MFC.PR.J FixedReset Ins Non 3.91 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 20.21
Bid-YTW : 7.24 %
MFC.PR.L FixedReset Ins Non 3.91 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 18.06
Bid-YTW : 7.97 %
GWO.PR.G Deemed-Retractible 4.04 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 21.87
Bid-YTW : 6.87 %
BAM.PF.B FixedReset Disc 4.06 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 19.46
Evaluated at bid price : 19.46
Bid-YTW : 5.92 %
EMA.PR.H FixedReset Disc 4.09 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 22.89
Evaluated at bid price : 24.20
Bid-YTW : 5.05 %
PWF.PR.P FixedReset Disc 4.09 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 14.50
Evaluated at bid price : 14.50
Bid-YTW : 5.94 %
CU.PR.C FixedReset Disc 4.13 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 17.91
Evaluated at bid price : 17.91
Bid-YTW : 5.87 %
SLF.PR.C Deemed-Retractible 4.13 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 19.65
Bid-YTW : 7.34 %
SLF.PR.J FloatingReset 4.18 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 14.69
Bid-YTW : 13.14 %

See comments for correction!

RY.PR.Z FixedReset Disc 4.22 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 19.00
Evaluated at bid price : 19.00
Bid-YTW : 5.54 %
BAM.PF.D Perpetual-Discount 4.23 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 20.43
Evaluated at bid price : 20.43
Bid-YTW : 6.04 %
SLF.PR.B Deemed-Retractible 4.24 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 20.90
Bid-YTW : 6.99 %
MFC.PR.Q FixedReset Ins Non 4.30 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 20.13
Bid-YTW : 7.24 %
RY.PR.M FixedReset Disc 4.31 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 20.80
Evaluated at bid price : 20.80
Bid-YTW : 5.43 %
GWO.PR.Q Deemed-Retractible 4.32 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 21.75
Bid-YTW : 6.88 %
GWO.PR.T Deemed-Retractible 4.34 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 21.65
Bid-YTW : 6.94 %
MFC.PR.I FixedReset Ins Non 4.35 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 20.40
Bid-YTW : 7.10 %
MFC.PR.C Deemed-Retractible 4.37 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 19.36
Bid-YTW : 7.61 %
GWO.PR.M Deemed-Retractible 4.37 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 24.84
Bid-YTW : 5.92 %
BMO.PR.S FixedReset Disc 4.39 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 19.03
Evaluated at bid price : 19.03
Bid-YTW : 5.69 %
MFC.PR.F FixedReset Ins Non 4.40 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 14.23
Bid-YTW : 9.39 %
BAM.PR.N Perpetual-Discount 4.40 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 19.68
Evaluated at bid price : 19.68
Bid-YTW : 6.08 %
IFC.PR.A FixedReset Ins Non 4.49 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 15.83
Bid-YTW : 8.84 %
GWO.PR.P Deemed-Retractible 4.49 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 22.81
Bid-YTW : 6.56 %
BMO.PR.T FixedReset Disc 4.54 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 18.67
Evaluated at bid price : 18.67
Bid-YTW : 5.67 %
IFC.PR.E Deemed-Retractible 4.56 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 22.00
Bid-YTW : 6.80 %
PWF.PR.Q FloatingReset 4.61 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 14.99
Evaluated at bid price : 14.99
Bid-YTW : 5.54 %
BMO.PR.W FixedReset Disc 4.62 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 18.80
Evaluated at bid price : 18.80
Bid-YTW : 5.59 %
IFC.PR.C FixedReset Ins Non 4.67 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 17.70
Bid-YTW : 8.33 %
CCS.PR.C Deemed-Retractible 4.77 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 22.40
Bid-YTW : 6.36 %
BAM.PR.Z FixedReset Disc 4.77 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 20.85
Evaluated at bid price : 20.85
Bid-YTW : 5.86 %
PWF.PR.R Perpetual-Discount 4.79 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 22.94
Evaluated at bid price : 23.21
Bid-YTW : 6.02 %
BAM.PF.C Perpetual-Discount 4.90 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 20.11
Evaluated at bid price : 20.11
Bid-YTW : 6.07 %
RY.PR.H FixedReset Disc 5.10 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 19.16
Evaluated at bid price : 19.16
Bid-YTW : 5.55 %
MFC.PR.G FixedReset Ins Non 5.12 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 19.51
Bid-YTW : 7.54 %
NA.PR.S FixedReset Disc 5.15 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 18.77
Evaluated at bid price : 18.77
Bid-YTW : 5.88 %
TRP.PR.E FixedReset Disc 5.24 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 18.68
Evaluated at bid price : 18.68
Bid-YTW : 5.76 %
IGM.PR.B Perpetual-Discount 5.28 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 24.46
Evaluated at bid price : 24.75
Bid-YTW : 5.95 %
TD.PF.J FixedReset Disc 5.29 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 21.50
Evaluated at bid price : 21.50
Bid-YTW : 5.52 %
BAM.PR.R FixedReset Disc 5.37 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 16.88
Evaluated at bid price : 16.88
Bid-YTW : 6.06 %
HSE.PR.E FixedReset Disc 5.40 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 19.34
Evaluated at bid price : 19.34
Bid-YTW : 7.07 %
CM.PR.S FixedReset Disc 5.44 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 20.35
Evaluated at bid price : 20.35
Bid-YTW : 5.44 %
RY.PR.J FixedReset Disc 5.50 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 21.10
Evaluated at bid price : 21.10
Bid-YTW : 5.52 %
HSE.PR.A FixedReset Disc 5.54 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 13.15
Evaluated at bid price : 13.15
Bid-YTW : 6.69 %
HSE.PR.C FixedReset Disc 5.61 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 18.08
Evaluated at bid price : 18.08
Bid-YTW : 7.02 %
BMO.PR.Y FixedReset Disc 5.77 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 20.52
Evaluated at bid price : 20.52
Bid-YTW : 5.65 %
BAM.PR.T FixedReset Disc 5.81 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 17.12
Evaluated at bid price : 17.12
Bid-YTW : 6.03 %
RY.PR.S FixedReset Disc 5.82 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 21.51
Evaluated at bid price : 21.83
Bid-YTW : 5.18 %
MFC.PR.H FixedReset Ins Non 5.83 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 21.25
Bid-YTW : 6.81 %
TD.PF.C FixedReset Disc 5.86 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 18.80
Evaluated at bid price : 18.80
Bid-YTW : 5.64 %
BAM.PR.C Floater 5.91 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 13.45
Evaluated at bid price : 13.45
Bid-YTW : 5.15 %
TRP.PR.D FixedReset Disc 5.93 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 17.97
Evaluated at bid price : 17.97
Bid-YTW : 6.03 %
TRP.PR.G FixedReset Disc 5.96 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 19.72
Evaluated at bid price : 19.72
Bid-YTW : 6.13 %
CM.PR.P FixedReset Disc 6.03 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 18.30
Evaluated at bid price : 18.30
Bid-YTW : 5.69 %
IAG.PR.G FixedReset Ins Non 6.03 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 19.69
Bid-YTW : 7.26 %
TD.PF.B FixedReset Disc 6.12 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 19.06
Evaluated at bid price : 19.06
Bid-YTW : 5.61 %
TD.PF.A FixedReset Disc 6.21 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 18.99
Evaluated at bid price : 18.99
Bid-YTW : 5.59 %
NA.PR.E FixedReset Disc 6.47 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 19.90
Evaluated at bid price : 19.90
Bid-YTW : 5.80 %
TRP.PR.C FixedReset Disc 6.65 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 13.51
Evaluated at bid price : 13.51
Bid-YTW : 6.19 %
MFC.PR.K FixedReset Ins Non 6.69 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 18.82
Bid-YTW : 7.71 %
NA.PR.W FixedReset Disc 6.78 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 18.10
Evaluated at bid price : 18.10
Bid-YTW : 5.86 %
CM.PR.O FixedReset Disc 6.90 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 18.75
Evaluated at bid price : 18.75
Bid-YTW : 5.68 %
TRP.PR.B FixedReset Disc 7.07 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 13.02
Evaluated at bid price : 13.02
Bid-YTW : 6.06 %
TRP.PR.F FloatingReset 7.37 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 15.88
Evaluated at bid price : 15.88
Bid-YTW : 5.67 %
BMO.PR.E FixedReset Disc 7.62 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 21.57
Evaluated at bid price : 21.90
Bid-YTW : 5.48 %
TD.PF.K FixedReset Disc 8.09 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 21.36
Evaluated at bid price : 21.65
Bid-YTW : 5.43 %
HSE.PR.G FixedReset Disc 8.81 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 19.64
Evaluated at bid price : 19.64
Bid-YTW : 6.91 %
TRP.PR.A FixedReset Disc 8.87 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 15.84
Evaluated at bid price : 15.84
Bid-YTW : 6.10 %
Volume Highlights
Issue Index Shares
Traded
Notes
RY.PR.S FixedReset Disc 48,537 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 21.51
Evaluated at bid price : 21.83
Bid-YTW : 5.18 %
CM.PR.S FixedReset Disc 41,069 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 20.35
Evaluated at bid price : 20.35
Bid-YTW : 5.44 %
IFC.PR.C FixedReset Ins Non 32,500 YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 17.70
Bid-YTW : 8.33 %
BNS.PR.I FixedReset Disc 32,383 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 21.43
Evaluated at bid price : 21.43
Bid-YTW : 5.40 %
RY.PR.E Deemed-Retractible 30,100 YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2022-01-31
Maturity Price : 25.00
Evaluated at bid price : 25.00
Bid-YTW : 4.67 %
CM.PR.P FixedReset Disc 29,319 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 18.30
Evaluated at bid price : 18.30
Bid-YTW : 5.69 %
There were 28 other index-included issues trading in excess of 10,000 shares.
Wide Spread Highlights
Issue Index Quote Data and Yield Notes
HSE.PR.C FixedReset Disc Quote: 18.08 – 19.39
Spot Rate : 1.3100
Average : 0.8578

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 18.08
Evaluated at bid price : 18.08
Bid-YTW : 7.02 %

BAM.PR.K Floater Quote: 13.20 – 14.30
Spot Rate : 1.1000
Average : 0.7406

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 13.20
Evaluated at bid price : 13.20
Bid-YTW : 5.25 %

PWF.PR.E Perpetual-Discount Quote: 22.30 – 23.35
Spot Rate : 1.0500
Average : 0.7116

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 22.07
Evaluated at bid price : 22.30
Bid-YTW : 6.27 %

PWF.PR.L Perpetual-Discount Quote: 21.12 – 21.90
Spot Rate : 0.7800
Average : 0.4902

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-12-28
Maturity Price : 21.12
Evaluated at bid price : 21.12
Bid-YTW : 6.15 %

GWO.PR.L Deemed-Retractible Quote: 23.93 – 24.75
Spot Rate : 0.8200
Average : 0.5492

YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 23.93
Bid-YTW : 6.23 %

IFC.PR.G FixedReset Ins Non Quote: 19.60 – 20.26
Spot Rate : 0.6600
Average : 0.4074

YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 19.60
Bid-YTW : 7.66 %

4 Responses to “December 28, 2018”

  1. gsp says:

    SLF.PR.Jā€™s deemed maturity date is stale. šŸ˜‰

  2. jiHymas says:

    Ah, hell.

    The correct Deemed Maturity Date is 2030-1-31 with a yield of 9.07%.

    I have fixed the data.

  3. DSB says:

    As a relatively new reader of this blog, I wanted to say thanks for your time and effort covering the pref market. All the best in the new year!

  4. jiHymas says:

    All the best in the new year!

    Thank you, and the best to you too! Welcome to the blog!

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