RE:RE:RE:RE:Preferred Shares From what I understand, the expectations for future government of canada 5 year bond yields have decreased. Meaning, the market is now expecting fewer interest rate increases in 2019 and potentially later on as well and may even begin (that part would need to be properly analyzed with a software used for valuing preferred shares) to include a potential decrease in 5 year bond yields if a recession happens in the future. Essentially that means that the market now believes the future reset rates will potentially be done at a lower rate than anticipated. Also the recent decline of 5year gov bond of at least -0.2% doesn't help. The rate reset part of the ETFs is hit harder than the perpetuals when rates expectations decline.