Category: Market Action

Market Action

November 28, 2023

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 0.8636 % 2,144.1
FixedFloater 0.00 % 0.00 % 0 0.00 0 0.8636 % 4,112.4
Floater 11.36 % 11.57 % 51,146 8.31 2 0.8636 % 2,370.0
OpRet 0.00 % 0.00 % 0 0.00 0 0.1806 % 3,370.1
SplitShare 4.99 % 7.13 % 51,935 1.82 8 0.1806 % 4,024.6
Interest-Bearing 0.00 % 0.00 % 0 0.00 0 0.1806 % 3,140.2
Perpetual-Premium 0.00 % 0.00 % 0 0.00 0 -0.5083 % 2,526.6
Perpetual-Discount 6.76 % 6.98 % 51,618 12.54 33 -0.5083 % 2,755.1
FixedReset Disc 5.84 % 8.21 % 117,425 11.56 55 -0.1227 % 2,215.5
Insurance Straight 6.54 % 6.74 % 63,816 12.82 19 -0.4205 % 2,758.1
FloatingReset 10.87 % 10.90 % 34,386 8.97 1 -3.4615 % 2,422.3
FixedReset Prem 0.00 % 0.00 % 0 0.00 0 -0.1227 % 2,504.8
FixedReset Bank Non 0.00 % 0.00 % 0 0.00 0 -0.1227 % 2,264.7
FixedReset Ins Non 5.73 % 7.84 % 82,643 11.83 14 0.2378 % 2,481.8
Performance Highlights
Issue Index Change Notes
MFC.PR.C Insurance Straight -7.35 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-28
Maturity Price : 16.76
Evaluated at bid price : 16.76
Bid-YTW : 6.74 %
CU.PR.H Perpetual-Discount -5.92 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-28
Maturity Price : 18.75
Evaluated at bid price : 18.75
Bid-YTW : 7.06 %
FTS.PR.H FixedReset Disc -3.40 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-28
Maturity Price : 13.05
Evaluated at bid price : 13.05
Bid-YTW : 9.42 %
BN.PF.G FixedReset Disc -3.07 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-28
Maturity Price : 14.86
Evaluated at bid price : 14.86
Bid-YTW : 10.66 %
MFC.PR.I FixedReset Ins Non -3.03 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-28
Maturity Price : 20.80
Evaluated at bid price : 20.80
Bid-YTW : 7.84 %
PWF.PR.P FixedReset Disc -3.02 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-28
Maturity Price : 12.85
Evaluated at bid price : 12.85
Bid-YTW : 9.52 %
PWF.PR.T FixedReset Disc -2.38 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-28
Maturity Price : 20.50
Evaluated at bid price : 20.50
Bid-YTW : 7.67 %
BN.PF.E FixedReset Disc -2.36 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-28
Maturity Price : 14.51
Evaluated at bid price : 14.51
Bid-YTW : 10.57 %
GWO.PR.Y Insurance Straight -2.02 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-28
Maturity Price : 16.95
Evaluated at bid price : 16.95
Bid-YTW : 6.78 %
PWF.PR.S Perpetual-Discount -1.99 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-28
Maturity Price : 17.25
Evaluated at bid price : 17.25
Bid-YTW : 7.06 %
CU.PR.G Perpetual-Discount -1.88 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-28
Maturity Price : 16.73
Evaluated at bid price : 16.73
Bid-YTW : 6.78 %
CU.PR.F Perpetual-Discount -1.76 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-28
Maturity Price : 16.75
Evaluated at bid price : 16.75
Bid-YTW : 6.77 %
CU.PR.D Perpetual-Discount -1.55 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-28
Maturity Price : 18.46
Evaluated at bid price : 18.46
Bid-YTW : 6.69 %
IFC.PR.A FixedReset Ins Non -1.35 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-28
Maturity Price : 17.48
Evaluated at bid price : 17.48
Bid-YTW : 7.79 %
CU.PR.E Perpetual-Discount -1.19 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-28
Maturity Price : 18.34
Evaluated at bid price : 18.34
Bid-YTW : 6.73 %
CU.PR.I FixedReset Disc -1.15 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-28
Maturity Price : 21.45
Evaluated at bid price : 21.45
Bid-YTW : 8.31 %
BN.PF.D Perpetual-Discount -1.15 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-28
Maturity Price : 17.25
Evaluated at bid price : 17.25
Bid-YTW : 7.26 %
PWF.PR.R Perpetual-Discount -1.05 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-28
Maturity Price : 19.80
Evaluated at bid price : 19.80
Bid-YTW : 7.05 %
GWO.PR.N FixedReset Ins Non -1.05 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-28
Maturity Price : 13.21
Evaluated at bid price : 13.21
Bid-YTW : 8.81 %
BIK.PR.A FixedReset Disc -1.04 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-28
Maturity Price : 22.15
Evaluated at bid price : 22.81
Bid-YTW : 8.67 %
IFC.PR.G FixedReset Ins Non -1.03 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-28
Maturity Price : 21.10
Evaluated at bid price : 21.10
Bid-YTW : 7.58 %
MFC.PR.K FixedReset Ins Non 1.03 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-28
Maturity Price : 21.33
Evaluated at bid price : 21.62
Bid-YTW : 7.11 %
TD.PF.I FixedReset Disc 1.26 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-28
Maturity Price : 22.95
Evaluated at bid price : 24.20
Bid-YTW : 6.96 %
MFC.PR.N FixedReset Ins Non 1.38 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-28
Maturity Price : 18.37
Evaluated at bid price : 18.37
Bid-YTW : 8.08 %
GWO.PR.I Insurance Straight 1.47 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-28
Maturity Price : 17.30
Evaluated at bid price : 17.30
Bid-YTW : 6.64 %
TD.PF.D FixedReset Disc 1.75 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-28
Maturity Price : 19.15
Evaluated at bid price : 19.15
Bid-YTW : 8.21 %
RY.PR.M FixedReset Disc 2.20 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-28
Maturity Price : 18.15
Evaluated at bid price : 18.15
Bid-YTW : 8.27 %
BN.PR.B Floater 2.27 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-28
Maturity Price : 11.25
Evaluated at bid price : 11.25
Bid-YTW : 11.57 %
SLF.PR.G FixedReset Ins Non 2.72 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-28
Maturity Price : 14.40
Evaluated at bid price : 14.40
Bid-YTW : 8.46 %
RY.PR.O Perpetual-Discount 2.86 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-28
Maturity Price : 21.20
Evaluated at bid price : 21.20
Bid-YTW : 5.82 %
RY.PR.J FixedReset Disc 3.27 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-28
Maturity Price : 18.93
Evaluated at bid price : 18.93
Bid-YTW : 8.28 %
IFC.PR.I Insurance Straight 3.29 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-28
Maturity Price : 20.71
Evaluated at bid price : 20.71
Bid-YTW : 6.65 %
RY.PR.N Perpetual-Discount 3.56 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-28
Maturity Price : 21.54
Evaluated at bid price : 21.54
Bid-YTW : 5.73 %
SLF.PR.H FixedReset Ins Non 5.20 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-28
Maturity Price : 18.13
Evaluated at bid price : 18.13
Bid-YTW : 7.48 %
Volume Highlights
Issue Index Shares
Traded		 Notes
SLF.PR.H FixedReset Ins Non 81,801 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-28
Maturity Price : 18.13
Evaluated at bid price : 18.13
Bid-YTW : 7.48 %
PWF.PR.P FixedReset Disc 50,832 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-28
Maturity Price : 12.85
Evaluated at bid price : 12.85
Bid-YTW : 9.52 %
RY.PR.Z FixedReset Disc 23,844 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-28
Maturity Price : 19.80
Evaluated at bid price : 19.80
Bid-YTW : 7.63 %
BMO.PR.W FixedReset Disc 21,059 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-28
Maturity Price : 17.85
Evaluated at bid price : 17.85
Bid-YTW : 8.35 %
PWF.PR.L Perpetual-Discount 20,200 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-28
Maturity Price : 18.51
Evaluated at bid price : 18.51
Bid-YTW : 6.99 %
TD.PF.D FixedReset Disc 17,029 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-28
Maturity Price : 19.15
Evaluated at bid price : 19.15
Bid-YTW : 8.21 %
There were 15 other index-included issues trading in excess of 10,000 shares.
Wide Spread Highlights
Issue Index Quote Data and Yield Notes
MFC.PR.F FixedReset Ins Non Quote: 13.95 – 23.79
Spot Rate : 9.8400
Average : 5.6554

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-28
Maturity Price : 13.95
Evaluated at bid price : 13.95
Bid-YTW : 8.45 %
CU.PR.I FixedReset Disc Quote: 21.45 – 22.98
Spot Rate : 1.5300
Average : 0.9948

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-28
Maturity Price : 21.45
Evaluated at bid price : 21.45
Bid-YTW : 8.31 %
BIP.PR.E FixedReset Disc Quote: 20.56 – 22.60
Spot Rate : 2.0400
Average : 1.5054

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-28
Maturity Price : 20.56
Evaluated at bid price : 20.56
Bid-YTW : 8.43 %
MFC.PR.C Insurance Straight Quote: 16.76 – 18.04
Spot Rate : 1.2800
Average : 0.7574

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-28
Maturity Price : 16.76
Evaluated at bid price : 16.76
Bid-YTW : 6.74 %
GWO.PR.Y Insurance Straight Quote: 16.95 – 18.25
Spot Rate : 1.3000
Average : 0.7924

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-28
Maturity Price : 16.95
Evaluated at bid price : 16.95
Bid-YTW : 6.78 %
TD.PF.D FixedReset Disc Quote: 19.15 – 20.15
Spot Rate : 1.0000
Average : 0.6299

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-28
Maturity Price : 19.15
Evaluated at bid price : 19.15
Bid-YTW : 8.21 %
Market Action

November 27, 2023

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 -1.1680 % 2,125.8
FixedFloater 0.00 % 0.00 % 0 0.00 0 -1.1680 % 4,077.2
Floater 11.45 % 11.84 % 42,585 8.15 2 -1.1680 % 2,349.7
OpRet 0.00 % 0.00 % 0 0.00 0 -0.2649 % 3,364.0
SplitShare 4.99 % 7.32 % 52,449 1.82 8 -0.2649 % 4,017.4
Interest-Bearing 0.00 % 0.00 % 0 0.00 0 -0.2649 % 3,134.5
Perpetual-Premium 0.00 % 0.00 % 0 0.00 0 -0.2328 % 2,539.5
Perpetual-Discount 6.73 % 6.95 % 51,229 12.60 33 -0.2328 % 2,769.2
FixedReset Disc 5.84 % 8.21 % 117,443 11.54 55 0.2338 % 2,218.3
Insurance Straight 6.51 % 6.73 % 62,047 12.81 19 -0.4787 % 2,769.7
FloatingReset 10.50 % 10.81 % 34,673 8.82 1 0.9709 % 2,509.1
FixedReset Prem 0.00 % 0.00 % 0 0.00 0 0.2338 % 2,507.8
FixedReset Bank Non 0.00 % 0.00 % 0 0.00 0 0.2338 % 2,267.5
FixedReset Ins Non 5.74 % 7.86 % 83,458 11.92 14 0.5685 % 2,475.9
Performance Highlights
Issue Index Change Notes
IFC.PR.I Insurance Straight -3.37 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-27
Maturity Price : 20.05
Evaluated at bid price : 20.05
Bid-YTW : 6.88 %
BN.PF.I FixedReset Disc -3.12 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-27
Maturity Price : 18.02
Evaluated at bid price : 18.02
Bid-YTW : 9.95 %
RY.PR.J FixedReset Disc -3.07 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-27
Maturity Price : 18.33
Evaluated at bid price : 18.33
Bid-YTW : 8.55 %
BN.PF.H FixedReset Disc -2.88 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-27
Maturity Price : 20.20
Evaluated at bid price : 20.20
Bid-YTW : 9.40 %
BN.PF.J FixedReset Disc -2.84 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-27
Maturity Price : 18.80
Evaluated at bid price : 18.80
Bid-YTW : 9.13 %
PVS.PR.H SplitShare -2.15 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2027-02-28
Maturity Price : 25.00
Evaluated at bid price : 22.75
Bid-YTW : 7.89 %
IFC.PR.E Insurance Straight -2.03 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-27
Maturity Price : 19.81
Evaluated at bid price : 19.81
Bid-YTW : 6.70 %
PWF.PF.A Perpetual-Discount -1.79 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-27
Maturity Price : 16.45
Evaluated at bid price : 16.45
Bid-YTW : 6.94 %
BNS.PR.I FixedReset Disc -1.74 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-27
Maturity Price : 22.00
Evaluated at bid price : 22.55
Bid-YTW : 7.01 %
ELF.PR.H Perpetual-Discount -1.57 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-27
Maturity Price : 20.03
Evaluated at bid price : 20.03
Bid-YTW : 6.98 %
NA.PR.E FixedReset Disc -1.52 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-27
Maturity Price : 20.80
Evaluated at bid price : 20.80
Bid-YTW : 7.57 %
GWO.PR.H Insurance Straight -1.35 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-27
Maturity Price : 18.22
Evaluated at bid price : 18.22
Bid-YTW : 6.79 %
BN.PR.B Floater -1.35 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-27
Maturity Price : 11.00
Evaluated at bid price : 11.00
Bid-YTW : 11.84 %
BIP.PR.E FixedReset Disc -1.25 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-27
Maturity Price : 20.61
Evaluated at bid price : 20.61
Bid-YTW : 8.41 %
MFC.PR.J FixedReset Ins Non -1.19 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-27
Maturity Price : 21.50
Evaluated at bid price : 21.50
Bid-YTW : 7.42 %
GWO.PR.I Insurance Straight -1.16 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-27
Maturity Price : 17.05
Evaluated at bid price : 17.05
Bid-YTW : 6.73 %
GWO.PR.Y Insurance Straight -1.14 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-27
Maturity Price : 17.30
Evaluated at bid price : 17.30
Bid-YTW : 6.63 %
POW.PR.C Perpetual-Discount -1.14 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-27
Maturity Price : 21.49
Evaluated at bid price : 21.75
Bid-YTW : 6.77 %
BIP.PR.F FixedReset Disc -1.10 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-27
Maturity Price : 19.70
Evaluated at bid price : 19.70
Bid-YTW : 8.77 %
NA.PR.G FixedReset Disc -1.03 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-27
Maturity Price : 22.78
Evaluated at bid price : 24.01
Bid-YTW : 6.88 %
TD.PF.M FixedReset Disc -1.02 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-27
Maturity Price : 23.49
Evaluated at bid price : 24.15
Bid-YTW : 7.63 %
RY.PR.Z FixedReset Disc 1.03 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-27
Maturity Price : 19.71
Evaluated at bid price : 19.71
Bid-YTW : 7.66 %
TD.PF.B FixedReset Disc 1.03 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-27
Maturity Price : 19.71
Evaluated at bid price : 19.71
Bid-YTW : 7.72 %
BN.PR.T FixedReset Disc 1.03 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-27
Maturity Price : 13.75
Evaluated at bid price : 13.75
Bid-YTW : 10.15 %
CU.PR.J Perpetual-Discount 1.04 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-27
Maturity Price : 17.57
Evaluated at bid price : 17.57
Bid-YTW : 6.81 %
NA.PR.S FixedReset Disc 1.05 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-27
Maturity Price : 19.20
Evaluated at bid price : 19.20
Bid-YTW : 8.14 %
PWF.PR.P FixedReset Disc 1.15 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-27
Maturity Price : 13.25
Evaluated at bid price : 13.25
Bid-YTW : 9.25 %
GWO.PR.T Insurance Straight 1.15 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-27
Maturity Price : 19.28
Evaluated at bid price : 19.28
Bid-YTW : 6.82 %
BIK.PR.A FixedReset Disc 1.32 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-27
Maturity Price : 22.29
Evaluated at bid price : 23.05
Bid-YTW : 8.57 %
RY.PR.M FixedReset Disc 1.43 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-27
Maturity Price : 17.76
Evaluated at bid price : 17.76
Bid-YTW : 8.45 %
BMO.PR.S FixedReset Disc 1.50 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-27
Maturity Price : 19.64
Evaluated at bid price : 19.64
Bid-YTW : 7.84 %
FTS.PR.K FixedReset Disc 1.63 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-27
Maturity Price : 18.10
Evaluated at bid price : 18.10
Bid-YTW : 8.18 %
BN.PF.B FixedReset Disc 1.71 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-27
Maturity Price : 17.85
Evaluated at bid price : 17.85
Bid-YTW : 9.14 %
BN.PF.E FixedReset Disc 1.71 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-27
Maturity Price : 14.86
Evaluated at bid price : 14.86
Bid-YTW : 10.32 %
TD.PF.A FixedReset Disc 1.90 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-27
Maturity Price : 18.80
Evaluated at bid price : 18.80
Bid-YTW : 7.98 %
TD.PF.C FixedReset Disc 2.08 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-27
Maturity Price : 18.17
Evaluated at bid price : 18.17
Bid-YTW : 8.23 %
BN.PF.G FixedReset Disc 2.47 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-27
Maturity Price : 15.33
Evaluated at bid price : 15.33
Bid-YTW : 10.34 %
RY.PR.H FixedReset Disc 2.82 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-27
Maturity Price : 19.33
Evaluated at bid price : 19.33
Bid-YTW : 7.81 %
SLF.PR.G FixedReset Ins Non 3.06 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-27
Maturity Price : 14.13
Evaluated at bid price : 14.13
Bid-YTW : 8.68 %
FTS.PR.H FixedReset Disc 4.49 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-27
Maturity Price : 13.51
Evaluated at bid price : 13.51
Bid-YTW : 9.11 %
GWO.PR.N FixedReset Ins Non 4.71 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-27
Maturity Price : 13.35
Evaluated at bid price : 13.35
Bid-YTW : 8.73 %
TD.PF.E FixedReset Disc 4.78 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-27
Maturity Price : 18.86
Evaluated at bid price : 18.86
Bid-YTW : 8.34 %
IFC.PR.A FixedReset Ins Non 4.85 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-27
Maturity Price : 17.72
Evaluated at bid price : 17.72
Bid-YTW : 7.69 %
Volume Highlights
Issue Index Shares
Traded		 Notes
BN.PF.J FixedReset Disc 54,100 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-27
Maturity Price : 18.80
Evaluated at bid price : 18.80
Bid-YTW : 9.13 %
BN.PF.G FixedReset Disc 53,300 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-27
Maturity Price : 15.33
Evaluated at bid price : 15.33
Bid-YTW : 10.34 %
MFC.PR.F FixedReset Ins Non 51,800 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-27
Maturity Price : 13.96
Evaluated at bid price : 13.96
Bid-YTW : 8.44 %
RY.PR.H FixedReset Disc 28,500 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-27
Maturity Price : 19.33
Evaluated at bid price : 19.33
Bid-YTW : 7.81 %
GWO.PR.N FixedReset Ins Non 28,300 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-27
Maturity Price : 13.35
Evaluated at bid price : 13.35
Bid-YTW : 8.73 %
PWF.PR.P FixedReset Disc 27,300 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-27
Maturity Price : 13.25
Evaluated at bid price : 13.25
Bid-YTW : 9.25 %
There were 24 other index-included issues trading in excess of 10,000 shares.
Wide Spread Highlights
Issue Index Quote Data and Yield Notes
BN.PF.E FixedReset Disc Quote: 14.86 – 19.50
Spot Rate : 4.6400
Average : 2.6044

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-27
Maturity Price : 14.86
Evaluated at bid price : 14.86
Bid-YTW : 10.32 %
RY.PR.N Perpetual-Discount Quote: 20.80 – 22.89
Spot Rate : 2.0900
Average : 1.4286

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-27
Maturity Price : 20.80
Evaluated at bid price : 20.80
Bid-YTW : 5.94 %
BIP.PR.E FixedReset Disc Quote: 20.61 – 22.10
Spot Rate : 1.4900
Average : 0.9193

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-27
Maturity Price : 20.61
Evaluated at bid price : 20.61
Bid-YTW : 8.41 %
MFC.PR.J FixedReset Ins Non Quote: 21.50 – 22.98
Spot Rate : 1.4800
Average : 0.9770

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-27
Maturity Price : 21.50
Evaluated at bid price : 21.50
Bid-YTW : 7.42 %
GWO.PR.R Insurance Straight Quote: 18.20 – 19.50
Spot Rate : 1.3000
Average : 0.8094

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-27
Maturity Price : 18.20
Evaluated at bid price : 18.20
Bid-YTW : 6.73 %
IFC.PR.K Perpetual-Discount Quote: 20.35 – 25.15
Spot Rate : 4.8000
Average : 4.3793

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-27
Maturity Price : 20.35
Evaluated at bid price : 20.35
Bid-YTW : 6.58 %
Market Action

November 24, 2023

TXPR closed at 538.38, up 0.55% on the day, taking the price index all the way back to where it was May 11. Holy smokes, May! I might soon have to stop mocking this rally! Volume today was 909,720, second-lowest of the past 21 trading days.

CPD closed at 10.69, up 0.47% on the day. Volume was 28,340, second-lowest of the past 21 trading days.

ZPR closed at 9.11, up 0.22% on the day. Volume was 312,700, fourth-highest of the past 21 trading days.

Five-year Canada yields were basically unchanged at 3.86%.

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 3.4868 % 2,150.9
FixedFloater 0.00 % 0.00 % 0 0.00 0 3.4868 % 4,125.4
Floater 11.32 % 11.66 % 53,325 8.26 2 3.4868 % 2,377.5
OpRet 0.00 % 0.00 % 0 0.00 0 0.6077 % 3,373.0
SplitShare 4.98 % 7.17 % 53,261 1.83 8 0.6077 % 4,028.0
Interest-Bearing 0.00 % 0.00 % 0 0.00 0 0.6077 % 3,142.8
Perpetual-Premium 0.00 % 0.00 % 0 0.00 0 0.3007 % 2,545.4
Perpetual-Discount 6.71 % 6.88 % 51,152 12.68 33 0.3007 % 2,775.6
FixedReset Disc 5.81 % 8.30 % 115,275 11.42 55 0.5979 % 2,213.1
Insurance Straight 6.48 % 6.68 % 62,808 12.89 19 0.3844 % 2,783.1
FloatingReset 10.60 % 10.91 % 33,843 8.76 1 -0.9615 % 2,485.0
FixedReset Prem 0.00 % 0.00 % 0 0.00 0 0.5979 % 2,502.0
FixedReset Bank Non 0.00 % 0.00 % 0 0.00 0 0.5979 % 2,262.2
FixedReset Ins Non 5.77 % 8.03 % 84,316 11.85 14 0.5718 % 2,461.9
Performance Highlights
Issue Index Change Notes
IFC.PR.A FixedReset Ins Non -2.82 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-24
Maturity Price : 16.90
Evaluated at bid price : 16.90
Bid-YTW : 8.07 %
SLF.PR.G FixedReset Ins Non -2.07 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-24
Maturity Price : 13.71
Evaluated at bid price : 13.71
Bid-YTW : 8.96 %
BIK.PR.A FixedReset Disc -1.94 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-24
Maturity Price : 22.12
Evaluated at bid price : 22.75
Bid-YTW : 8.71 %
PWF.PF.A Perpetual-Discount -1.47 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-24
Maturity Price : 16.75
Evaluated at bid price : 16.75
Bid-YTW : 6.81 %
GWO.PR.I Insurance Straight -1.43 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-24
Maturity Price : 17.25
Evaluated at bid price : 17.25
Bid-YTW : 6.65 %
TD.PF.E FixedReset Disc -1.37 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-24
Maturity Price : 18.00
Evaluated at bid price : 18.00
Bid-YTW : 8.74 %
GWO.PR.N FixedReset Ins Non -1.16 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-24
Maturity Price : 12.75
Evaluated at bid price : 12.75
Bid-YTW : 9.13 %
BN.PF.B FixedReset Disc -1.13 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-24
Maturity Price : 17.55
Evaluated at bid price : 17.55
Bid-YTW : 9.32 %
FTS.PR.G FixedReset Disc 1.04 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-24
Maturity Price : 19.50
Evaluated at bid price : 19.50
Bid-YTW : 7.78 %
FTS.PR.K FixedReset Disc 1.08 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-24
Maturity Price : 17.81
Evaluated at bid price : 17.81
Bid-YTW : 8.33 %
IFC.PR.E Insurance Straight 1.10 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-24
Maturity Price : 20.22
Evaluated at bid price : 20.22
Bid-YTW : 6.56 %
BN.PF.H FixedReset Disc 1.12 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-24
Maturity Price : 20.80
Evaluated at bid price : 20.80
Bid-YTW : 9.15 %
MFC.PR.I FixedReset Ins Non 1.12 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-24
Maturity Price : 21.30
Evaluated at bid price : 21.59
Bid-YTW : 7.56 %
BMO.PR.W FixedReset Disc 1.14 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-24
Maturity Price : 17.75
Evaluated at bid price : 17.75
Bid-YTW : 8.41 %
BN.PR.T FixedReset Disc 1.19 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-24
Maturity Price : 13.61
Evaluated at bid price : 13.61
Bid-YTW : 10.27 %
RY.PR.N Perpetual-Discount 1.20 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-24
Maturity Price : 21.00
Evaluated at bid price : 21.00
Bid-YTW : 5.88 %
IFC.PR.I Insurance Straight 1.22 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-24
Maturity Price : 20.75
Evaluated at bid price : 20.75
Bid-YTW : 6.64 %
BMO.PR.Y FixedReset Disc 1.22 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-24
Maturity Price : 18.22
Evaluated at bid price : 18.22
Bid-YTW : 8.45 %
CU.PR.C FixedReset Disc 1.25 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-24
Maturity Price : 17.80
Evaluated at bid price : 17.80
Bid-YTW : 8.46 %
BN.PF.J FixedReset Disc 1.26 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-24
Maturity Price : 19.35
Evaluated at bid price : 19.35
Bid-YTW : 8.88 %
IFC.PR.G FixedReset Ins Non 1.29 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-24
Maturity Price : 21.22
Evaluated at bid price : 21.22
Bid-YTW : 7.55 %
BIP.PR.F FixedReset Disc 1.32 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-24
Maturity Price : 19.92
Evaluated at bid price : 19.92
Bid-YTW : 8.69 %
TD.PF.J FixedReset Disc 1.39 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-24
Maturity Price : 21.59
Evaluated at bid price : 21.90
Bid-YTW : 7.29 %
GWO.PR.H Insurance Straight 1.43 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-24
Maturity Price : 18.47
Evaluated at bid price : 18.47
Bid-YTW : 6.69 %
TD.PF.C FixedReset Disc 1.48 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-24
Maturity Price : 17.80
Evaluated at bid price : 17.80
Bid-YTW : 8.42 %
POW.PR.C Perpetual-Discount 1.52 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-24
Maturity Price : 21.75
Evaluated at bid price : 22.00
Bid-YTW : 6.69 %
FTS.PR.M FixedReset Disc 1.56 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-24
Maturity Price : 17.57
Evaluated at bid price : 17.57
Bid-YTW : 8.83 %
RY.PR.Z FixedReset Disc 1.56 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-24
Maturity Price : 19.51
Evaluated at bid price : 19.51
Bid-YTW : 7.76 %
CU.PR.D Perpetual-Discount 1.63 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-24
Maturity Price : 18.75
Evaluated at bid price : 18.75
Bid-YTW : 6.58 %
PWF.PR.G Perpetual-Discount 1.64 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-24
Maturity Price : 21.44
Evaluated at bid price : 21.70
Bid-YTW : 6.88 %
MFC.PR.J FixedReset Ins Non 1.68 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-24
Maturity Price : 21.49
Evaluated at bid price : 21.76
Bid-YTW : 7.33 %
BN.PF.D Perpetual-Discount 1.69 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-24
Maturity Price : 17.50
Evaluated at bid price : 17.50
Bid-YTW : 7.15 %
BMO.PR.E FixedReset Disc 1.98 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-24
Maturity Price : 22.64
Evaluated at bid price : 23.71
Bid-YTW : 6.88 %
POW.PR.A Perpetual-Discount 2.23 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-24
Maturity Price : 20.63
Evaluated at bid price : 20.63
Bid-YTW : 6.90 %
BN.PF.E FixedReset Disc 2.38 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-24
Maturity Price : 14.61
Evaluated at bid price : 14.61
Bid-YTW : 10.51 %
SLF.PR.H FixedReset Ins Non 2.40 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-24
Maturity Price : 17.48
Evaluated at bid price : 17.48
Bid-YTW : 7.84 %
SLF.PR.E Insurance Straight 2.47 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-24
Maturity Price : 18.65
Evaluated at bid price : 18.65
Bid-YTW : 6.14 %
BN.PR.K Floater 2.87 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-24
Maturity Price : 11.11
Evaluated at bid price : 11.11
Bid-YTW : 11.70 %
TD.PF.B FixedReset Disc 2.96 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-24
Maturity Price : 19.51
Evaluated at bid price : 19.51
Bid-YTW : 7.81 %
PVS.PR.J SplitShare 3.19 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2028-02-29
Maturity Price : 25.00
Evaluated at bid price : 22.30
Bid-YTW : 7.40 %
BN.PR.Z FixedReset Disc 3.72 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-24
Maturity Price : 18.10
Evaluated at bid price : 18.10
Bid-YTW : 9.29 %
BN.PR.B Floater 4.11 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-24
Maturity Price : 11.15
Evaluated at bid price : 11.15
Bid-YTW : 11.66 %
BN.PF.I FixedReset Disc 5.08 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-24
Maturity Price : 18.60
Evaluated at bid price : 18.60
Bid-YTW : 9.67 %
MFC.PR.N FixedReset Ins Non 5.20 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-24
Maturity Price : 18.20
Evaluated at bid price : 18.20
Bid-YTW : 8.18 %
Volume Highlights
Issue Index Shares
Traded		 Notes
FTS.PR.J Perpetual-Discount 29,600 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-24
Maturity Price : 18.25
Evaluated at bid price : 18.25
Bid-YTW : 6.55 %
PWF.PR.L Perpetual-Discount 28,900 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-24
Maturity Price : 18.61
Evaluated at bid price : 18.61
Bid-YTW : 6.94 %
CU.PR.C FixedReset Disc 21,600 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-24
Maturity Price : 17.80
Evaluated at bid price : 17.80
Bid-YTW : 8.46 %
TD.PF.B FixedReset Disc 20,377 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-24
Maturity Price : 19.51
Evaluated at bid price : 19.51
Bid-YTW : 7.81 %
RY.PR.S FixedReset Disc 19,101 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-24
Maturity Price : 21.71
Evaluated at bid price : 22.11
Bid-YTW : 7.07 %
NA.PR.S FixedReset Disc 18,700 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-24
Maturity Price : 19.00
Evaluated at bid price : 19.00
Bid-YTW : 8.25 %
There were 9 other index-included issues trading in excess of 10,000 shares.
Wide Spread Highlights
Issue Index Quote Data and Yield Notes
RY.PR.H FixedReset Disc Quote: 18.80 – 21.75
Spot Rate : 2.9500
Average : 1.6104

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-24
Maturity Price : 18.80
Evaluated at bid price : 18.80
Bid-YTW : 8.04 %
IFC.PR.K Perpetual-Discount Quote: 20.15 – 25.15
Spot Rate : 5.0000
Average : 3.9180

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-24
Maturity Price : 20.15
Evaluated at bid price : 20.15
Bid-YTW : 6.64 %
CU.PR.F Perpetual-Discount Quote: 16.96 – 20.00
Spot Rate : 3.0400
Average : 2.1045

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-24
Maturity Price : 16.96
Evaluated at bid price : 16.96
Bid-YTW : 6.68 %
MFC.PR.K FixedReset Ins Non Quote: 21.26 – 22.95
Spot Rate : 1.6900
Average : 1.0751

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-24
Maturity Price : 21.26
Evaluated at bid price : 21.26
Bid-YTW : 7.26 %
POW.PR.C Perpetual-Discount Quote: 22.00 – 23.25
Spot Rate : 1.2500
Average : 0.8495

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-24
Maturity Price : 21.75
Evaluated at bid price : 22.00
Bid-YTW : 6.69 %
IFC.PR.A FixedReset Ins Non Quote: 16.90 – 18.06
Spot Rate : 1.1600
Average : 0.8612

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-24
Maturity Price : 16.90
Evaluated at bid price : 16.90
Bid-YTW : 8.07 %
Market Action

November 23, 2023

TXPR closed at 535.44, up 0.51% on the day, taking the price index all the way back to where it was July 24. Volume today was 961,080, second-lowest of the past 21 trading days.

CPD closed at 10.64, up 0.38% on the day. Volume was 16,060, lowest of the past 21 trading days.

ZPR closed at 9.09, up 0.11% on the day. Volume was 92,420, second-lowest of the past 21 trading days.

Five-year Canada yields were up a bit to 3.85%.

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 -0.9669 % 2,078.4
FixedFloater 0.00 % 0.00 % 0 0.00 0 -0.9669 % 3,986.4
Floater 11.72 % 12.05 % 39,658 8.03 2 -0.9669 % 2,297.4
OpRet 0.00 % 0.00 % 0 0.00 0 -0.0639 % 3,352.6
SplitShare 5.01 % 7.61 % 55,402 1.83 8 -0.0639 % 4,003.7
Interest-Bearing 0.00 % 0.00 % 0 0.00 0 -0.0639 % 3,123.8
Perpetual-Premium 0.00 % 0.00 % 0 0.00 0 0.2325 % 2,537.8
Perpetual-Discount 6.73 % 6.90 % 51,841 12.65 33 0.2325 % 2,767.3
FixedReset Disc 5.85 % 8.30 % 115,992 11.37 55 0.1864 % 2,199.9
Insurance Straight 6.50 % 6.72 % 63,741 12.84 19 0.4662 % 2,772.4
FloatingReset 10.50 % 10.80 % 32,263 8.84 1 1.1673 % 2,509.1
FixedReset Prem 0.00 % 0.00 % 0 0.00 0 0.1864 % 2,487.1
FixedReset Bank Non 0.00 % 0.00 % 0 0.00 0 0.1864 % 2,248.8
FixedReset Ins Non 5.81 % 8.00 % 87,130 11.83 14 -0.3223 % 2,447.9
Performance Highlights
Issue Index Change Notes
FTS.PR.H FixedReset Disc -3.74 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-23
Maturity Price : 12.86
Evaluated at bid price : 12.86
Bid-YTW : 9.58 %
PVS.PR.J SplitShare -2.88 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2028-02-29
Maturity Price : 25.00
Evaluated at bid price : 21.61
Bid-YTW : 8.23 %
IFC.PR.G FixedReset Ins Non -2.56 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-23
Maturity Price : 20.95
Evaluated at bid price : 20.95
Bid-YTW : 7.65 %
BN.PR.B Floater -2.37 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-23
Maturity Price : 10.71
Evaluated at bid price : 10.71
Bid-YTW : 12.15 %
FTS.PR.M FixedReset Disc -2.26 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-23
Maturity Price : 17.30
Evaluated at bid price : 17.30
Bid-YTW : 8.97 %
BN.PR.Z FixedReset Disc -1.97 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-23
Maturity Price : 17.45
Evaluated at bid price : 17.45
Bid-YTW : 9.64 %
SLF.PR.E Insurance Straight -1.89 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-23
Maturity Price : 18.20
Evaluated at bid price : 18.20
Bid-YTW : 6.30 %
BN.PF.E FixedReset Disc -1.86 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-23
Maturity Price : 14.27
Evaluated at bid price : 14.27
Bid-YTW : 10.75 %
RY.PR.M FixedReset Disc -1.85 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-23
Maturity Price : 17.50
Evaluated at bid price : 17.50
Bid-YTW : 8.57 %
MFC.PR.J FixedReset Ins Non -1.83 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-23
Maturity Price : 21.40
Evaluated at bid price : 21.40
Bid-YTW : 7.46 %
RY.PR.O Perpetual-Discount -1.67 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-23
Maturity Price : 20.55
Evaluated at bid price : 20.55
Bid-YTW : 6.00 %
SLF.PR.H FixedReset Ins Non -1.67 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-23
Maturity Price : 17.07
Evaluated at bid price : 17.07
Bid-YTW : 8.02 %
CU.PR.I FixedReset Disc -1.50 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-23
Maturity Price : 21.37
Evaluated at bid price : 21.69
Bid-YTW : 8.22 %
MFC.PR.M FixedReset Ins Non -1.36 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-23
Maturity Price : 18.20
Evaluated at bid price : 18.20
Bid-YTW : 8.33 %
FTS.PR.K FixedReset Disc -1.29 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-23
Maturity Price : 17.62
Evaluated at bid price : 17.62
Bid-YTW : 8.42 %
TD.PF.C FixedReset Disc -1.24 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-23
Maturity Price : 17.54
Evaluated at bid price : 17.54
Bid-YTW : 8.54 %
GWO.PR.H Insurance Straight -1.19 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-23
Maturity Price : 18.21
Evaluated at bid price : 18.21
Bid-YTW : 6.79 %
BN.PF.I FixedReset Disc -1.17 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-23
Maturity Price : 17.70
Evaluated at bid price : 17.70
Bid-YTW : 10.14 %
BMO.PR.E FixedReset Disc -1.06 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-23
Maturity Price : 22.41
Evaluated at bid price : 23.25
Bid-YTW : 7.03 %
NA.PR.E FixedReset Disc 1.01 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-23
Maturity Price : 21.10
Evaluated at bid price : 21.10
Bid-YTW : 7.47 %
PVS.PR.K SplitShare 1.02 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2029-05-31
Maturity Price : 25.00
Evaluated at bid price : 21.70
Bid-YTW : 7.41 %
BMO.PR.T FixedReset Disc 1.05 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-23
Maturity Price : 18.28
Evaluated at bid price : 18.28
Bid-YTW : 8.24 %
TD.PF.D FixedReset Disc 1.08 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-23
Maturity Price : 18.75
Evaluated at bid price : 18.75
Bid-YTW : 8.39 %
PVS.PR.H SplitShare 1.08 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2027-02-28
Maturity Price : 25.00
Evaluated at bid price : 23.35
Bid-YTW : 6.97 %
GWO.PR.S Insurance Straight 1.09 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-23
Maturity Price : 19.41
Evaluated at bid price : 19.41
Bid-YTW : 6.90 %
IFC.PR.A FixedReset Ins Non 1.16 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-23
Maturity Price : 17.39
Evaluated at bid price : 17.39
Bid-YTW : 7.85 %
SLF.PR.J FloatingReset 1.17 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-23
Maturity Price : 15.60
Evaluated at bid price : 15.60
Bid-YTW : 10.80 %
MFC.PR.N FixedReset Ins Non 1.17 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-23
Maturity Price : 17.30
Evaluated at bid price : 17.30
Bid-YTW : 8.59 %
RY.PR.N Perpetual-Discount 1.17 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-23
Maturity Price : 20.75
Evaluated at bid price : 20.75
Bid-YTW : 5.95 %
CM.PR.P FixedReset Disc 1.45 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-23
Maturity Price : 17.50
Evaluated at bid price : 17.50
Bid-YTW : 8.49 %
GWO.PR.Y Insurance Straight 1.45 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-23
Maturity Price : 17.50
Evaluated at bid price : 17.50
Bid-YTW : 6.55 %
PWF.PF.A Perpetual-Discount 1.49 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-23
Maturity Price : 17.00
Evaluated at bid price : 17.00
Bid-YTW : 6.70 %
MFC.PR.C Insurance Straight 1.63 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-23
Maturity Price : 18.09
Evaluated at bid price : 18.09
Bid-YTW : 6.23 %
BN.PF.F FixedReset Disc 1.72 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-23
Maturity Price : 16.60
Evaluated at bid price : 16.60
Bid-YTW : 10.06 %
BN.PF.H FixedReset Disc 1.83 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-23
Maturity Price : 20.57
Evaluated at bid price : 20.57
Bid-YTW : 9.25 %
BN.PR.X FixedReset Disc 1.86 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-23
Maturity Price : 13.70
Evaluated at bid price : 13.70
Bid-YTW : 9.99 %
GWO.PR.G Insurance Straight 2.03 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-23
Maturity Price : 19.56
Evaluated at bid price : 19.56
Bid-YTW : 6.78 %
TD.PF.J FixedReset Disc 2.08 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-23
Maturity Price : 21.31
Evaluated at bid price : 21.60
Bid-YTW : 7.39 %
TD.PF.A FixedReset Disc 2.40 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-23
Maturity Price : 18.38
Evaluated at bid price : 18.38
Bid-YTW : 8.18 %
BIK.PR.A FixedReset Disc 2.43 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-23
Maturity Price : 22.37
Evaluated at bid price : 23.20
Bid-YTW : 8.48 %
GWO.PR.I Insurance Straight 2.94 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-23
Maturity Price : 17.50
Evaluated at bid price : 17.50
Bid-YTW : 6.55 %
TD.PF.E FixedReset Disc 3.22 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-23
Maturity Price : 18.25
Evaluated at bid price : 18.25
Bid-YTW : 8.62 %
Volume Highlights
Issue Index Shares
Traded		 Notes
NA.PR.S FixedReset Disc 52,967 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-23
Maturity Price : 18.88
Evaluated at bid price : 18.88
Bid-YTW : 8.30 %
CM.PR.O FixedReset Disc 49,000 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-23
Maturity Price : 18.41
Evaluated at bid price : 18.41
Bid-YTW : 8.28 %
TD.PF.L FixedReset Disc 46,700 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-23
Maturity Price : 23.36
Evaluated at bid price : 24.16
Bid-YTW : 7.39 %
TD.PF.M FixedReset Disc 30,900 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-23
Maturity Price : 23.68
Evaluated at bid price : 24.31
Bid-YTW : 7.60 %
BMO.PR.S FixedReset Disc 23,658 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-23
Maturity Price : 19.25
Evaluated at bid price : 19.25
Bid-YTW : 8.02 %
BMO.PR.T FixedReset Disc 21,672 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-23
Maturity Price : 18.28
Evaluated at bid price : 18.28
Bid-YTW : 8.24 %
There were 5 other index-included issues trading in excess of 10,000 shares.
Wide Spread Highlights
Issue Index Quote Data and Yield Notes
BN.PF.F FixedReset Disc Quote: 16.60 – 24.99
Spot Rate : 8.3900
Average : 4.4669

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-23
Maturity Price : 16.60
Evaluated at bid price : 16.60
Bid-YTW : 10.06 %
IFC.PR.K Perpetual-Discount Quote: 20.15 – 25.15
Spot Rate : 5.0000
Average : 2.7316

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-23
Maturity Price : 20.15
Evaluated at bid price : 20.15
Bid-YTW : 6.64 %
CU.PR.E Perpetual-Discount Quote: 18.45 – 22.12
Spot Rate : 3.6700
Average : 1.9973

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-23
Maturity Price : 18.45
Evaluated at bid price : 18.45
Bid-YTW : 6.68 %
PWF.PR.P FixedReset Disc Quote: 13.10 – 16.00
Spot Rate : 2.9000
Average : 1.6637

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-23
Maturity Price : 13.10
Evaluated at bid price : 13.10
Bid-YTW : 9.37 %
CM.PR.Q FixedReset Disc Quote: 18.01 – 19.50
Spot Rate : 1.4900
Average : 0.9181

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-23
Maturity Price : 18.01
Evaluated at bid price : 18.01
Bid-YTW : 8.62 %
BMO.PR.T FixedReset Disc Quote: 18.28 – 19.50
Spot Rate : 1.2200
Average : 0.7385

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-23
Maturity Price : 18.28
Evaluated at bid price : 18.28
Bid-YTW : 8.24 %
Market Action

November 22, 2023

TXPR closed at 532.74, up 2.18% on the day, taking the price index all the way back to where it was July 31. Volume today was 3.17-million, by far the highest of the past 21 trading days.

CPD closed at 10.60, up 2.61% on the day. Volume was 111,060, fourth-highest of the past 21 trading days.

ZPR closed at 9.08, up 3.18% on the day. Volume was 449,240, highest of the past 21 trading days.

Five-year Canada yields were calm at 3.80%.

Other markets were good, but not spectacular:

U.S. stocks ended higher on Wednesday on optimism that the Federal Reserve may be done raising interest rates and that the economy is still resilient. The Canadian benchmark index was nearly unchanged, as a decline in the energy sector offset gains in some interest rate-sensitive sectors.

Economic reports Wednesday on jobless claims, durable goods, and consumer sentiment seemed to suggest the U.S. economy is easing but may stay strong enough to avoid recession. Data showed the number of Americans filing new claims for unemployment benefits fell more than expected last week.

Tuesday’s minutes on the last Fed meeting showed a cautious approach toward monetary policy. Still, stocks have risen sharply in recent weeks on the view the Fed is done hiking rates.

The World Economic Forum doesn’t like me telling people what’s going on, because I haven’t met my quota for dispensing mind control devices this year, but people are clamouring for answers so … I suspect there’s a lot of money on the sidelines controlled by portfolio managers who realize the preferred share market is grossly undervalued, but who also know that if they don’t buy within a nickel of the absolute bottom then their penises will fall off (I don’t know what happens to the female ones). So they sit at their desks all day, worrying, discussing the latest headlines in the Wall Street Journal with their buddies, and waiting anxiously for tax-loss selling season. And every now and then, one or two of them screw up their courage and take the plunge. Hey, it’s easier than working!

And that opinion is worth exactly what you paid for it, like all other market timing commentary. ADDED AFTERWARDS: The recision of the special dividend tax treatment for financial institutions probably had a lot to do with it, too.

PerpetualDiscounts now yield 6.93%, equivalent to 9.01% interest at the standard equivalency factor of 1.3x. Long corporates yielded 5.42% on 2023-11-17 and since then the closing price has changed from 14.50 to 14.61, an increase of 76bp in price, with a Duration (BMO doesn’t specify Modified or Macaulay – I will assume the former) of 12.03 implying a decrease of 6bp in yield to 5.36%, so the pre-tax interest-equivalent spread (in this context, the “Seniority Spread”) has narrowed slightly (and perhaps spuriously) to 365bp from the 379bp reported November 15.

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 1.8762 % 2,098.7
FixedFloater 0.00 % 0.00 % 0 0.00 0 1.8762 % 4,025.3
Floater 11.60 % 11.85 % 52,486 8.15 2 1.8762 % 2,319.8
OpRet 0.00 % 0.00 % 0 0.00 0 0.2403 % 3,354.7
SplitShare 5.01 % 7.45 % 55,604 1.83 8 0.2403 % 4,006.3
Interest-Bearing 0.00 % 0.00 % 0 0.00 0 0.2403 % 3,125.8
Perpetual-Premium 0.00 % 0.00 % 0 0.00 0 1.5765 % 2,531.9
Perpetual-Discount 6.75 % 6.93 % 51,552 12.60 33 1.5765 % 2,760.9
FixedReset Disc 5.86 % 8.32 % 120,437 11.36 55 2.3280 % 2,195.8
Insurance Straight 6.53 % 6.72 % 63,442 12.84 19 2.2598 % 2,759.5
FloatingReset 10.62 % 10.93 % 32,269 8.75 1 1.7822 % 2,480.2
FixedReset Prem 0.00 % 0.00 % 0 0.00 0 2.3280 % 2,482.5
FixedReset Bank Non 0.00 % 0.00 % 0 0.00 0 2.3280 % 2,244.6
FixedReset Ins Non 5.79 % 7.93 % 87,580 11.88 14 2.3741 % 2,455.8
Performance Highlights
Issue Index Change Notes
PVS.PR.G SplitShare -1.87 % YTW SCENARIO
Maturity Type : Option Certainty
Maturity Date : 2026-02-28
Maturity Price : 25.00
Evaluated at bid price : 23.65
Bid-YTW : 7.48 %
PVS.PR.K SplitShare -1.47 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2029-05-31
Maturity Price : 25.00
Evaluated at bid price : 21.48
Bid-YTW : 7.62 %
MFC.PR.N FixedReset Ins Non -1.16 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-22
Maturity Price : 17.10
Evaluated at bid price : 17.10
Bid-YTW : 8.69 %
BN.PF.H FixedReset Disc 1.00 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-22
Maturity Price : 20.20
Evaluated at bid price : 20.20
Bid-YTW : 9.41 %
CM.PR.Y FixedReset Disc 1.07 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-22
Maturity Price : 23.99
Evaluated at bid price : 24.56
Bid-YTW : 7.54 %
BMO.PR.F FixedReset Disc 1.09 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-22
Maturity Price : 23.34
Evaluated at bid price : 24.10
Bid-YTW : 7.61 %
IFC.PR.A FixedReset Ins Non 1.12 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-22
Maturity Price : 17.19
Evaluated at bid price : 17.19
Bid-YTW : 7.93 %
PWF.PR.R Perpetual-Discount 1.22 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-22
Maturity Price : 19.85
Evaluated at bid price : 19.85
Bid-YTW : 7.02 %
NA.PR.W FixedReset Disc 1.26 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-22
Maturity Price : 16.86
Evaluated at bid price : 16.86
Bid-YTW : 8.84 %
BN.PR.K Floater 1.32 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-22
Maturity Price : 10.75
Evaluated at bid price : 10.75
Bid-YTW : 12.10 %
CM.PR.O FixedReset Disc 1.37 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-22
Maturity Price : 18.45
Evaluated at bid price : 18.45
Bid-YTW : 8.26 %
GWO.PR.Q Insurance Straight 1.39 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-22
Maturity Price : 18.96
Evaluated at bid price : 18.96
Bid-YTW : 6.93 %
MFC.PR.K FixedReset Ins Non 1.39 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-22
Maturity Price : 21.10
Evaluated at bid price : 21.10
Bid-YTW : 7.31 %
GWO.PR.Y Insurance Straight 1.47 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-22
Maturity Price : 17.25
Evaluated at bid price : 17.25
Bid-YTW : 6.65 %
IFC.PR.E Insurance Straight 1.52 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-22
Maturity Price : 20.00
Evaluated at bid price : 20.00
Bid-YTW : 6.63 %
PWF.PR.H Perpetual-Discount 1.52 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-22
Maturity Price : 20.66
Evaluated at bid price : 20.66
Bid-YTW : 7.05 %
PVS.PR.H SplitShare 1.54 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2027-02-28
Maturity Price : 25.00
Evaluated at bid price : 23.10
Bid-YTW : 7.33 %
BIK.PR.A FixedReset Disc 1.57 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-22
Maturity Price : 22.05
Evaluated at bid price : 22.65
Bid-YTW : 8.70 %
MFC.PR.I FixedReset Ins Non 1.58 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-22
Maturity Price : 21.25
Evaluated at bid price : 21.25
Bid-YTW : 7.69 %
NA.PR.C FixedReset Disc 1.58 % YTW SCENARIO
Maturity Type : Call
Maturity Date : 2027-11-15
Maturity Price : 25.00
Evaluated at bid price : 25.09
Bid-YTW : 7.02 %
GWO.PR.S Insurance Straight 1.59 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-22
Maturity Price : 19.20
Evaluated at bid price : 19.20
Bid-YTW : 6.97 %
SLF.PR.G FixedReset Ins Non 1.60 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-22
Maturity Price : 13.95
Evaluated at bid price : 13.95
Bid-YTW : 8.81 %
GWO.PR.R Insurance Straight 1.68 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-22
Maturity Price : 18.20
Evaluated at bid price : 18.20
Bid-YTW : 6.72 %
FTS.PR.J Perpetual-Discount 1.71 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-22
Maturity Price : 18.42
Evaluated at bid price : 18.42
Bid-YTW : 6.49 %
NA.PR.S FixedReset Disc 1.73 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-22
Maturity Price : 18.86
Evaluated at bid price : 18.86
Bid-YTW : 8.30 %
BN.PF.B FixedReset Disc 1.73 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-22
Maturity Price : 17.65
Evaluated at bid price : 17.65
Bid-YTW : 9.26 %
TD.PF.J FixedReset Disc 1.73 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-22
Maturity Price : 21.16
Evaluated at bid price : 21.16
Bid-YTW : 7.55 %
CM.PR.S FixedReset Disc 1.73 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-22
Maturity Price : 21.11
Evaluated at bid price : 21.11
Bid-YTW : 7.41 %
NA.PR.G FixedReset Disc 1.74 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-22
Maturity Price : 22.78
Evaluated at bid price : 24.00
Bid-YTW : 6.90 %
PWF.PR.O Perpetual-Discount 1.74 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-22
Maturity Price : 21.01
Evaluated at bid price : 21.01
Bid-YTW : 6.99 %
SLF.PR.J FloatingReset 1.78 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-22
Maturity Price : 15.42
Evaluated at bid price : 15.42
Bid-YTW : 10.93 %
GWO.PR.G Insurance Straight 1.81 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-22
Maturity Price : 19.17
Evaluated at bid price : 19.17
Bid-YTW : 6.92 %
PWF.PR.L Perpetual-Discount 1.82 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-22
Maturity Price : 18.48
Evaluated at bid price : 18.48
Bid-YTW : 6.99 %
BIP.PR.F FixedReset Disc 1.82 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-22
Maturity Price : 19.60
Evaluated at bid price : 19.60
Bid-YTW : 8.78 %
BN.PR.M Perpetual-Discount 1.82 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-22
Maturity Price : 16.75
Evaluated at bid price : 16.75
Bid-YTW : 7.24 %
SLF.PR.D Insurance Straight 1.83 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-22
Maturity Price : 18.40
Evaluated at bid price : 18.40
Bid-YTW : 6.16 %
POW.PR.G Perpetual-Discount 1.86 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-22
Maturity Price : 20.30
Evaluated at bid price : 20.30
Bid-YTW : 7.01 %
IFC.PR.G FixedReset Ins Non 1.90 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-22
Maturity Price : 21.50
Evaluated at bid price : 21.50
Bid-YTW : 7.45 %
BN.PR.N Perpetual-Discount 1.96 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-22
Maturity Price : 16.67
Evaluated at bid price : 16.67
Bid-YTW : 7.27 %
PWF.PR.P FixedReset Disc 1.96 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-22
Maturity Price : 13.00
Evaluated at bid price : 13.00
Bid-YTW : 9.43 %
ELF.PR.H Perpetual-Discount 1.98 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-22
Maturity Price : 20.09
Evaluated at bid price : 20.09
Bid-YTW : 6.96 %
BN.PF.F FixedReset Disc 2.00 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-22
Maturity Price : 16.32
Evaluated at bid price : 16.32
Bid-YTW : 10.23 %
BMO.PR.W FixedReset Disc 2.04 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-22
Maturity Price : 17.51
Evaluated at bid price : 17.51
Bid-YTW : 8.52 %
BMO.PR.E FixedReset Disc 2.04 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-22
Maturity Price : 22.54
Evaluated at bid price : 23.50
Bid-YTW : 6.94 %
BIP.PR.E FixedReset Disc 2.06 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-22
Maturity Price : 20.82
Evaluated at bid price : 20.82
Bid-YTW : 8.32 %
PWF.PR.Z Perpetual-Discount 2.12 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-22
Maturity Price : 18.75
Evaluated at bid price : 18.75
Bid-YTW : 6.96 %
FTS.PR.G FixedReset Disc 2.13 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-22
Maturity Price : 19.20
Evaluated at bid price : 19.20
Bid-YTW : 7.90 %
TD.PF.I FixedReset Disc 2.14 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-22
Maturity Price : 22.82
Evaluated at bid price : 23.90
Bid-YTW : 7.06 %
PWF.PR.F Perpetual-Discount 2.14 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-22
Maturity Price : 19.09
Evaluated at bid price : 19.09
Bid-YTW : 6.97 %
FTS.PR.H FixedReset Disc 2.14 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-22
Maturity Price : 13.36
Evaluated at bid price : 13.36
Bid-YTW : 9.23 %
RY.PR.O Perpetual-Discount 2.20 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-22
Maturity Price : 20.90
Evaluated at bid price : 20.90
Bid-YTW : 5.90 %
IFC.PR.I Insurance Straight 2.23 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-22
Maturity Price : 20.60
Evaluated at bid price : 20.60
Bid-YTW : 6.68 %
POW.PR.B Perpetual-Discount 2.29 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-22
Maturity Price : 19.66
Evaluated at bid price : 19.66
Bid-YTW : 6.92 %
MFC.PR.Q FixedReset Ins Non 2.31 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-22
Maturity Price : 21.22
Evaluated at bid price : 21.22
Bid-YTW : 7.39 %
NA.PR.E FixedReset Disc 2.35 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-22
Maturity Price : 20.89
Evaluated at bid price : 20.89
Bid-YTW : 7.55 %
CIU.PR.A Perpetual-Discount 2.42 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-22
Maturity Price : 16.90
Evaluated at bid price : 16.90
Bid-YTW : 6.85 %
BNS.PR.I FixedReset Disc 2.43 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-22
Maturity Price : 22.39
Evaluated at bid price : 23.22
Bid-YTW : 6.81 %
BN.PR.B Floater 2.43 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-22
Maturity Price : 10.97
Evaluated at bid price : 10.97
Bid-YTW : 11.85 %
SLF.PR.E Insurance Straight 2.49 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-22
Maturity Price : 18.55
Evaluated at bid price : 18.55
Bid-YTW : 6.18 %
SLF.PR.C Insurance Straight 2.51 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-22
Maturity Price : 18.40
Evaluated at bid price : 18.40
Bid-YTW : 6.16 %
BN.PR.Z FixedReset Disc 2.53 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-22
Maturity Price : 17.80
Evaluated at bid price : 17.80
Bid-YTW : 9.45 %
MFC.PR.B Insurance Straight 2.55 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-22
Maturity Price : 18.91
Evaluated at bid price : 18.91
Bid-YTW : 6.16 %
PWF.PR.E Perpetual-Discount 2.56 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-22
Maturity Price : 20.05
Evaluated at bid price : 20.05
Bid-YTW : 6.95 %
BMO.PR.Y FixedReset Disc 2.58 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-22
Maturity Price : 17.86
Evaluated at bid price : 17.86
Bid-YTW : 8.61 %
BN.PF.D Perpetual-Discount 2.67 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-22
Maturity Price : 17.30
Evaluated at bid price : 17.30
Bid-YTW : 7.23 %
BN.PF.G FixedReset Disc 2.68 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-22
Maturity Price : 14.96
Evaluated at bid price : 14.96
Bid-YTW : 10.60 %
BMO.PR.S FixedReset Disc 2.69 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-22
Maturity Price : 19.06
Evaluated at bid price : 19.06
Bid-YTW : 8.09 %
FTS.PR.K FixedReset Disc 2.70 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-22
Maturity Price : 17.85
Evaluated at bid price : 17.85
Bid-YTW : 8.31 %
CM.PR.T FixedReset Disc 2.71 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-22
Maturity Price : 23.46
Evaluated at bid price : 24.25
Bid-YTW : 7.37 %
RY.PR.Z FixedReset Disc 2.73 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-22
Maturity Price : 19.21
Evaluated at bid price : 19.21
Bid-YTW : 7.87 %
RY.PR.S FixedReset Disc 2.76 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-22
Maturity Price : 21.62
Evaluated at bid price : 21.99
Bid-YTW : 7.11 %
MFC.PR.J FixedReset Ins Non 2.83 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-22
Maturity Price : 21.52
Evaluated at bid price : 21.80
Bid-YTW : 7.31 %
PWF.PR.K Perpetual-Discount 2.86 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-22
Maturity Price : 18.00
Evaluated at bid price : 18.00
Bid-YTW : 6.97 %
SLF.PR.H FixedReset Ins Non 2.97 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-22
Maturity Price : 17.36
Evaluated at bid price : 17.36
Bid-YTW : 7.89 %
CM.PR.P FixedReset Disc 2.99 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-22
Maturity Price : 17.25
Evaluated at bid price : 17.25
Bid-YTW : 8.61 %
RY.PR.M FixedReset Disc 3.00 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-22
Maturity Price : 17.83
Evaluated at bid price : 17.83
Bid-YTW : 8.42 %
BN.PF.A FixedReset Disc 3.01 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-22
Maturity Price : 19.88
Evaluated at bid price : 19.88
Bid-YTW : 8.68 %
RY.PR.H FixedReset Disc 3.01 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-22
Maturity Price : 18.50
Evaluated at bid price : 18.50
Bid-YTW : 8.17 %
TD.PF.A FixedReset Disc 3.04 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-22
Maturity Price : 17.95
Evaluated at bid price : 17.95
Bid-YTW : 8.38 %
TD.PF.D FixedReset Disc 3.06 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-22
Maturity Price : 18.55
Evaluated at bid price : 18.55
Bid-YTW : 8.48 %
BMO.PR.T FixedReset Disc 3.08 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-22
Maturity Price : 18.09
Evaluated at bid price : 18.09
Bid-YTW : 8.33 %
BN.PF.C Perpetual-Discount 3.13 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-22
Maturity Price : 17.12
Evaluated at bid price : 17.12
Bid-YTW : 7.23 %
GWO.PR.H Insurance Straight 3.19 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-22
Maturity Price : 18.43
Evaluated at bid price : 18.43
Bid-YTW : 6.71 %
TD.PF.B FixedReset Disc 3.20 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-22
Maturity Price : 19.04
Evaluated at bid price : 19.04
Bid-YTW : 8.00 %
BN.PF.E FixedReset Disc 3.27 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-22
Maturity Price : 14.54
Evaluated at bid price : 14.54
Bid-YTW : 10.56 %
GWO.PR.M Insurance Straight 3.35 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-22
Maturity Price : 21.33
Evaluated at bid price : 21.60
Bid-YTW : 6.83 %
CU.PR.I FixedReset Disc 3.38 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-22
Maturity Price : 21.61
Evaluated at bid price : 22.02
Bid-YTW : 8.10 %
BN.PR.X FixedReset Disc 3.46 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-22
Maturity Price : 13.45
Evaluated at bid price : 13.45
Bid-YTW : 10.17 %
BN.PF.I FixedReset Disc 3.47 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-22
Maturity Price : 17.91
Evaluated at bid price : 17.91
Bid-YTW : 10.02 %
PVS.PR.J SplitShare 3.49 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2028-02-29
Maturity Price : 25.00
Evaluated at bid price : 22.25
Bid-YTW : 7.45 %
RY.PR.N Perpetual-Discount 3.59 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-22
Maturity Price : 20.51
Evaluated at bid price : 20.51
Bid-YTW : 6.01 %
IFC.PR.C FixedReset Ins Non 3.60 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-22
Maturity Price : 17.82
Evaluated at bid price : 17.82
Bid-YTW : 8.37 %
GWO.PR.P Insurance Straight 3.63 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-22
Maturity Price : 20.00
Evaluated at bid price : 20.00
Bid-YTW : 6.89 %
MFC.PR.M FixedReset Ins Non 3.65 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-22
Maturity Price : 18.45
Evaluated at bid price : 18.45
Bid-YTW : 8.22 %
GWO.PR.L Insurance Straight 3.68 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-22
Maturity Price : 21.15
Evaluated at bid price : 21.15
Bid-YTW : 6.81 %
CM.PR.Q FixedReset Disc 3.74 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-22
Maturity Price : 18.05
Evaluated at bid price : 18.05
Bid-YTW : 8.60 %
BN.PF.J FixedReset Disc 3.83 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-22
Maturity Price : 19.00
Evaluated at bid price : 19.00
Bid-YTW : 9.04 %
BN.PR.T FixedReset Disc 4.00 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-22
Maturity Price : 13.52
Evaluated at bid price : 13.52
Bid-YTW : 10.33 %
GWO.PR.N FixedReset Ins Non 4.02 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-22
Maturity Price : 12.95
Evaluated at bid price : 12.95
Bid-YTW : 8.88 %
POW.PR.C Perpetual-Discount 4.10 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-22
Maturity Price : 21.33
Evaluated at bid price : 21.60
Bid-YTW : 6.81 %
MFC.PR.L FixedReset Ins Non 4.18 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-22
Maturity Price : 18.68
Evaluated at bid price : 18.68
Bid-YTW : 7.99 %
MFC.PR.F FixedReset Ins Non 4.23 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-22
Maturity Price : 14.05
Evaluated at bid price : 14.05
Bid-YTW : 8.41 %
BN.PR.R FixedReset Disc 4.33 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-22
Maturity Price : 13.25
Evaluated at bid price : 13.25
Bid-YTW : 10.58 %
FTS.PR.M FixedReset Disc 4.55 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-22
Maturity Price : 17.70
Evaluated at bid price : 17.70
Bid-YTW : 8.77 %
RY.PR.J FixedReset Disc 5.07 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-22
Maturity Price : 18.85
Evaluated at bid price : 18.85
Bid-YTW : 8.32 %
TD.PF.C FixedReset Disc 5.09 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-22
Maturity Price : 17.76
Evaluated at bid price : 17.76
Bid-YTW : 8.43 %
MFC.PR.C Insurance Straight 6.21 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-22
Maturity Price : 17.80
Evaluated at bid price : 17.80
Bid-YTW : 6.34 %
Volume Highlights
Issue Index Shares
Traded		 Notes
CU.PR.C FixedReset Disc 798,728 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-22
Maturity Price : 17.57
Evaluated at bid price : 17.57
Bid-YTW : 8.56 %
BMO.PR.S FixedReset Disc 179,850 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-22
Maturity Price : 19.06
Evaluated at bid price : 19.06
Bid-YTW : 8.09 %
TD.PF.A FixedReset Disc 115,146 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-22
Maturity Price : 17.95
Evaluated at bid price : 17.95
Bid-YTW : 8.38 %
CM.PR.O FixedReset Disc 76,400 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-22
Maturity Price : 18.45
Evaluated at bid price : 18.45
Bid-YTW : 8.26 %
POW.PR.A Perpetual-Discount 54,300 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-22
Maturity Price : 20.18
Evaluated at bid price : 20.18
Bid-YTW : 7.06 %
NA.PR.S FixedReset Disc 52,887 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-22
Maturity Price : 18.86
Evaluated at bid price : 18.86
Bid-YTW : 8.30 %
There were 40 other index-included issues trading in excess of 10,000 shares.
Wide Spread Highlights
Issue Index Quote Data and Yield Notes
MFC.PR.F FixedReset Ins Non Quote: 14.05 – 23.80
Spot Rate : 9.7500
Average : 5.5000

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-22
Maturity Price : 14.05
Evaluated at bid price : 14.05
Bid-YTW : 8.41 %
SLF.PR.H FixedReset Ins Non Quote: 17.36 – 23.50
Spot Rate : 6.1400
Average : 3.4495

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-22
Maturity Price : 17.36
Evaluated at bid price : 17.36
Bid-YTW : 7.89 %
CU.PR.F Perpetual-Discount Quote: 17.05 – 20.00
Spot Rate : 2.9500
Average : 1.7133

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-22
Maturity Price : 17.05
Evaluated at bid price : 17.05
Bid-YTW : 6.64 %
TD.PF.A FixedReset Disc Quote: 17.95 – 19.80
Spot Rate : 1.8500
Average : 1.0009

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-22
Maturity Price : 17.95
Evaluated at bid price : 17.95
Bid-YTW : 8.38 %
NA.PR.E FixedReset Disc Quote: 20.89 – 22.99
Spot Rate : 2.1000
Average : 1.2853

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-22
Maturity Price : 20.89
Evaluated at bid price : 20.89
Bid-YTW : 7.55 %
GWO.PR.I Insurance Straight Quote: 17.00 – 19.00
Spot Rate : 2.0000
Average : 1.3645

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-22
Maturity Price : 17.00
Evaluated at bid price : 17.00
Bid-YTW : 6.75 %
Market Action

November 21, 2023

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 -0.2340 % 2,060.1
FixedFloater 0.00 % 0.00 % 0 0.00 0 -0.2340 % 3,951.2
Floater 11.82 % 12.14 % 52,526 7.98 2 -0.2340 % 2,277.1
OpRet 0.00 % 0.00 % 0 0.00 0 -0.9312 % 3,346.7
SplitShare 5.02 % 7.61 % 55,140 1.83 8 -0.9312 % 3,996.6
Interest-Bearing 0.00 % 0.00 % 0 0.00 0 -0.9312 % 3,118.3
Perpetual-Premium 0.00 % 0.00 % 0 0.00 0 -0.4798 % 2,492.6
Perpetual-Discount 6.86 % 7.08 % 48,805 12.42 33 -0.4798 % 2,718.0
FixedReset Disc 5.99 % 8.54 % 118,493 11.14 55 -0.0948 % 2,145.9
Insurance Straight 6.68 % 6.83 % 63,279 12.69 19 -0.0395 % 2,698.5
FloatingReset 10.81 % 11.13 % 32,251 8.62 1 3.0612 % 2,436.8
FixedReset Prem 0.00 % 0.00 % 0 0.00 0 -0.0948 % 2,426.0
FixedReset Bank Non 0.00 % 0.00 % 0 0.00 0 -0.0948 % 2,193.5
FixedReset Ins Non 5.92 % 8.11 % 86,935 11.58 14 0.0644 % 2,398.9
Performance Highlights
Issue Index Change Notes
MFC.PR.C Insurance Straight -4.53 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-21
Maturity Price : 16.76
Evaluated at bid price : 16.76
Bid-YTW : 6.73 %
RY.PR.N Perpetual-Discount -4.12 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-21
Maturity Price : 19.80
Evaluated at bid price : 19.80
Bid-YTW : 6.23 %
PVS.PR.J SplitShare -3.65 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2028-02-29
Maturity Price : 25.00
Evaluated at bid price : 21.50
Bid-YTW : 8.35 %
BN.PF.I FixedReset Disc -3.30 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-21
Maturity Price : 17.31
Evaluated at bid price : 17.31
Bid-YTW : 10.35 %
POW.PR.D Perpetual-Discount -2.65 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-21
Maturity Price : 18.35
Evaluated at bid price : 18.35
Bid-YTW : 6.92 %
PWF.PR.K Perpetual-Discount -2.13 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-21
Maturity Price : 17.50
Evaluated at bid price : 17.50
Bid-YTW : 7.17 %
BN.PF.J FixedReset Disc -1.88 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-21
Maturity Price : 18.30
Evaluated at bid price : 18.30
Bid-YTW : 9.38 %
MFC.PR.L FixedReset Ins Non -1.80 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-21
Maturity Price : 17.93
Evaluated at bid price : 17.93
Bid-YTW : 8.32 %
TD.PF.J FixedReset Disc -1.75 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-21
Maturity Price : 20.80
Evaluated at bid price : 20.80
Bid-YTW : 7.68 %
TD.PF.E FixedReset Disc -1.67 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-21
Maturity Price : 17.68
Evaluated at bid price : 17.68
Bid-YTW : 8.88 %
CIU.PR.A Perpetual-Discount -1.55 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-21
Maturity Price : 16.50
Evaluated at bid price : 16.50
Bid-YTW : 7.02 %
BN.PR.X FixedReset Disc -1.52 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-21
Maturity Price : 13.00
Evaluated at bid price : 13.00
Bid-YTW : 10.51 %
BN.PR.N Perpetual-Discount -1.51 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-21
Maturity Price : 16.35
Evaluated at bid price : 16.35
Bid-YTW : 7.42 %
BN.PR.M Perpetual-Discount -1.50 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-21
Maturity Price : 16.45
Evaluated at bid price : 16.45
Bid-YTW : 7.37 %
BNS.PR.I FixedReset Disc -1.48 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-21
Maturity Price : 22.07
Evaluated at bid price : 22.67
Bid-YTW : 6.98 %
RY.PR.J FixedReset Disc -1.43 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-21
Maturity Price : 17.94
Evaluated at bid price : 17.94
Bid-YTW : 8.73 %
TD.PF.C FixedReset Disc -1.29 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-21
Maturity Price : 16.90
Evaluated at bid price : 16.90
Bid-YTW : 8.86 %
BN.PF.H FixedReset Disc -1.28 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-21
Maturity Price : 20.00
Evaluated at bid price : 20.00
Bid-YTW : 9.50 %
BN.PF.E FixedReset Disc -1.19 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-21
Maturity Price : 14.08
Evaluated at bid price : 14.08
Bid-YTW : 10.89 %
BN.PF.D Perpetual-Discount -1.17 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-21
Maturity Price : 16.85
Evaluated at bid price : 16.85
Bid-YTW : 7.42 %
GWO.PR.G Insurance Straight -1.15 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-21
Maturity Price : 18.83
Evaluated at bid price : 18.83
Bid-YTW : 7.04 %
PWF.PR.F Perpetual-Discount -1.11 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-21
Maturity Price : 18.69
Evaluated at bid price : 18.69
Bid-YTW : 7.12 %
BN.PF.C Perpetual-Discount -1.07 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-21
Maturity Price : 16.60
Evaluated at bid price : 16.60
Bid-YTW : 7.46 %
BN.PR.K Floater -1.03 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-21
Maturity Price : 10.61
Evaluated at bid price : 10.61
Bid-YTW : 12.26 %
MFC.PR.Q FixedReset Ins Non 1.01 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-21
Maturity Price : 20.74
Evaluated at bid price : 20.74
Bid-YTW : 7.56 %
CM.PR.O FixedReset Disc 1.05 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-21
Maturity Price : 18.20
Evaluated at bid price : 18.20
Bid-YTW : 8.37 %
BIK.PR.A FixedReset Disc 1.13 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-21
Maturity Price : 21.83
Evaluated at bid price : 22.30
Bid-YTW : 8.84 %
CM.PR.P FixedReset Disc 1.15 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-21
Maturity Price : 16.75
Evaluated at bid price : 16.75
Bid-YTW : 8.86 %
IFC.PR.C FixedReset Ins Non 1.18 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-21
Maturity Price : 17.20
Evaluated at bid price : 17.20
Bid-YTW : 8.65 %
NA.PR.W FixedReset Disc 1.22 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-21
Maturity Price : 16.65
Evaluated at bid price : 16.65
Bid-YTW : 8.95 %
PVS.PR.H SplitShare 1.42 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2027-02-28
Maturity Price : 25.00
Evaluated at bid price : 22.75
Bid-YTW : 7.85 %
PVS.PR.G SplitShare 1.48 % YTW SCENARIO
Maturity Type : Option Certainty
Maturity Date : 2026-02-28
Maturity Price : 25.00
Evaluated at bid price : 24.10
Bid-YTW : 6.57 %
MFC.PR.J FixedReset Ins Non 1.58 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-21
Maturity Price : 21.20
Evaluated at bid price : 21.20
Bid-YTW : 7.53 %
PWF.PR.P FixedReset Disc 1.59 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-21
Maturity Price : 12.75
Evaluated at bid price : 12.75
Bid-YTW : 9.60 %
PVS.PR.K SplitShare 1.74 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2029-05-31
Maturity Price : 25.00
Evaluated at bid price : 21.80
Bid-YTW : 7.31 %
TD.PF.D FixedReset Disc 2.27 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-21
Maturity Price : 18.00
Evaluated at bid price : 18.00
Bid-YTW : 8.72 %
MFC.PR.K FixedReset Ins Non 2.80 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-21
Maturity Price : 20.81
Evaluated at bid price : 20.81
Bid-YTW : 7.41 %
SLF.PR.J FloatingReset 3.06 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-21
Maturity Price : 15.15
Evaluated at bid price : 15.15
Bid-YTW : 11.13 %
IFC.PR.F Insurance Straight 5.19 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-21
Maturity Price : 19.88
Evaluated at bid price : 19.88
Bid-YTW : 6.80 %
MFC.PR.N FixedReset Ins Non 8.21 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-21
Maturity Price : 17.30
Evaluated at bid price : 17.30
Bid-YTW : 8.59 %
Volume Highlights
Issue Index Shares
Traded		 Notes
BMO.PR.S FixedReset Disc 52,318 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-21
Maturity Price : 18.56
Evaluated at bid price : 18.56
Bid-YTW : 8.31 %
RY.PR.Z FixedReset Disc 45,711 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-21
Maturity Price : 18.70
Evaluated at bid price : 18.70
Bid-YTW : 8.09 %
GWO.PR.N FixedReset Ins Non 43,567 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-21
Maturity Price : 12.45
Evaluated at bid price : 12.45
Bid-YTW : 9.21 %
BN.PF.J FixedReset Disc 37,990 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-21
Maturity Price : 18.30
Evaluated at bid price : 18.30
Bid-YTW : 9.38 %
RY.PR.M FixedReset Disc 34,601 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-21
Maturity Price : 17.31
Evaluated at bid price : 17.31
Bid-YTW : 8.66 %
MFC.PR.I FixedReset Ins Non 32,812 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-21
Maturity Price : 20.92
Evaluated at bid price : 20.92
Bid-YTW : 7.80 %
There were 33 other index-included issues trading in excess of 10,000 shares.
Wide Spread Highlights
Issue Index Quote Data and Yield Notes
CU.PR.I FixedReset Disc Quote: 21.30 – 22.98
Spot Rate : 1.6800
Average : 1.0363

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-21
Maturity Price : 21.30
Evaluated at bid price : 21.30
Bid-YTW : 8.38 %
CU.PR.H Perpetual-Discount Quote: 20.00 – 22.05
Spot Rate : 2.0500
Average : 1.5180

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-21
Maturity Price : 20.00
Evaluated at bid price : 20.00
Bid-YTW : 6.60 %
MFC.PR.C Insurance Straight Quote: 16.76 – 17.87
Spot Rate : 1.1100
Average : 0.6545

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-21
Maturity Price : 16.76
Evaluated at bid price : 16.76
Bid-YTW : 6.73 %
TD.PF.J FixedReset Disc Quote: 20.80 – 22.00
Spot Rate : 1.2000
Average : 0.7786

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-21
Maturity Price : 20.80
Evaluated at bid price : 20.80
Bid-YTW : 7.68 %
IFC.PR.C FixedReset Ins Non Quote: 17.20 – 18.75
Spot Rate : 1.5500
Average : 1.1514

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-21
Maturity Price : 17.20
Evaluated at bid price : 17.20
Bid-YTW : 8.65 %
TD.PF.E FixedReset Disc Quote: 17.68 – 18.80
Spot Rate : 1.1200
Average : 0.7258

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-21
Maturity Price : 17.68
Evaluated at bid price : 17.68
Bid-YTW : 8.88 %
Market Action

November 20, 2023

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 -0.0935 % 2,064.9
FixedFloater 0.00 % 0.00 % 0 0.00 0 -0.0935 % 3,960.5
Floater 11.79 % 12.13 % 40,416 7.99 2 -0.0935 % 2,282.4
OpRet 0.00 % 0.00 % 0 0.00 0 0.5533 % 3,378.1
SplitShare 4.97 % 7.93 % 53,477 1.81 8 0.5533 % 4,034.2
Interest-Bearing 0.00 % 0.00 % 0 0.00 0 0.5533 % 3,147.7
Perpetual-Premium 0.00 % 0.00 % 0 0.00 0 0.1737 % 2,504.6
Perpetual-Discount 6.82 % 7.03 % 46,412 12.50 33 0.1737 % 2,731.1
FixedReset Disc 5.99 % 8.57 % 117,161 11.11 55 0.0203 % 2,147.9
Insurance Straight 6.68 % 6.87 % 60,421 12.64 19 0.0282 % 2,699.6
FloatingReset 11.14 % 11.48 % 31,344 8.39 1 0.6160 % 2,364.4
FixedReset Prem 0.00 % 0.00 % 0 0.00 0 0.0203 % 2,428.3
FixedReset Bank Non 0.00 % 0.00 % 0 0.00 0 0.0203 % 2,195.6
FixedReset Ins Non 5.93 % 8.16 % 86,821 11.59 14 0.4896 % 2,397.4
Performance Highlights
Issue Index Change Notes
MFC.PR.N FixedReset Ins Non -4.71 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-20
Maturity Price : 16.20
Evaluated at bid price : 16.20
Bid-YTW : 9.29 %
IFC.PR.F Insurance Straight -3.87 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-20
Maturity Price : 18.90
Evaluated at bid price : 18.90
Bid-YTW : 7.15 %
POW.PR.C Perpetual-Discount -3.08 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-20
Maturity Price : 20.75
Evaluated at bid price : 20.75
Bid-YTW : 7.10 %
MFC.PR.K FixedReset Ins Non -1.76 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-20
Maturity Price : 20.63
Evaluated at bid price : 20.63
Bid-YTW : 7.64 %
CM.PR.P FixedReset Disc -1.72 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-20
Maturity Price : 16.56
Evaluated at bid price : 16.56
Bid-YTW : 8.96 %
TD.PF.D FixedReset Disc -1.68 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-20
Maturity Price : 17.60
Evaluated at bid price : 17.60
Bid-YTW : 8.91 %
CM.PR.O FixedReset Disc -1.58 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-20
Maturity Price : 18.01
Evaluated at bid price : 18.01
Bid-YTW : 8.46 %
BN.PR.B Floater -1.39 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-20
Maturity Price : 10.65
Evaluated at bid price : 10.65
Bid-YTW : 12.21 %
PWF.PR.P FixedReset Disc -1.18 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-20
Maturity Price : 12.55
Evaluated at bid price : 12.55
Bid-YTW : 9.74 %
NA.PR.E FixedReset Disc -1.02 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-20
Maturity Price : 20.40
Evaluated at bid price : 20.40
Bid-YTW : 7.72 %
MFC.PR.C Insurance Straight 1.02 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-20
Maturity Price : 17.85
Evaluated at bid price : 17.85
Bid-YTW : 6.43 %
MFC.PR.B Insurance Straight 1.03 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-20
Maturity Price : 18.56
Evaluated at bid price : 18.56
Bid-YTW : 6.39 %
GWO.PR.G Insurance Straight 1.06 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-20
Maturity Price : 19.05
Evaluated at bid price : 19.05
Bid-YTW : 6.96 %
MFC.PR.I FixedReset Ins Non 1.10 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-20
Maturity Price : 21.09
Evaluated at bid price : 21.09
Bid-YTW : 7.89 %
CU.PR.I FixedReset Disc 1.15 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-20
Maturity Price : 21.10
Evaluated at bid price : 21.10
Bid-YTW : 8.45 %
IFC.PR.C FixedReset Ins Non 1.19 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-20
Maturity Price : 17.00
Evaluated at bid price : 17.00
Bid-YTW : 8.74 %
BN.PR.N Perpetual-Discount 1.22 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-20
Maturity Price : 16.60
Evaluated at bid price : 16.60
Bid-YTW : 7.30 %
BN.PR.K Floater 1.23 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-20
Maturity Price : 10.72
Evaluated at bid price : 10.72
Bid-YTW : 12.13 %
BN.PF.I FixedReset Disc 1.24 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-20
Maturity Price : 17.90
Evaluated at bid price : 17.90
Bid-YTW : 10.02 %
SLF.PR.H FixedReset Ins Non 1.27 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-20
Maturity Price : 16.75
Evaluated at bid price : 16.75
Bid-YTW : 8.16 %
SLF.PR.G FixedReset Ins Non 1.32 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-20
Maturity Price : 13.78
Evaluated at bid price : 13.78
Bid-YTW : 8.91 %
MFC.PR.F FixedReset Ins Non 1.33 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-20
Maturity Price : 13.71
Evaluated at bid price : 13.71
Bid-YTW : 8.70 %
PVS.PR.K SplitShare 1.35 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2029-05-31
Maturity Price : 25.00
Evaluated at bid price : 21.70
Bid-YTW : 7.67 %
GWO.PR.R Insurance Straight 1.37 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-20
Maturity Price : 17.80
Evaluated at bid price : 17.80
Bid-YTW : 6.87 %
BN.PR.M Perpetual-Discount 1.52 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-20
Maturity Price : 16.70
Evaluated at bid price : 16.70
Bid-YTW : 7.26 %
BN.PR.R FixedReset Disc 1.60 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-20
Maturity Price : 12.70
Evaluated at bid price : 12.70
Bid-YTW : 11.00 %
MFC.PR.L FixedReset Ins Non 1.70 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-20
Maturity Price : 18.50
Evaluated at bid price : 18.50
Bid-YTW : 8.18 %
BN.PR.T FixedReset Disc 2.27 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-20
Maturity Price : 13.04
Evaluated at bid price : 13.04
Bid-YTW : 10.68 %
POW.PR.D Perpetual-Discount 2.45 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-20
Maturity Price : 18.85
Evaluated at bid price : 18.85
Bid-YTW : 6.74 %
PVS.PR.H SplitShare 3.18 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2027-02-28
Maturity Price : 25.00
Evaluated at bid price : 22.72
Bid-YTW : 8.33 %
PWF.PR.T FixedReset Disc 3.64 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-20
Maturity Price : 20.80
Evaluated at bid price : 20.80
Bid-YTW : 7.57 %
GWO.PR.N FixedReset Ins Non 5.44 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-20
Maturity Price : 12.40
Evaluated at bid price : 12.40
Bid-YTW : 9.24 %
Volume Highlights
Issue Index Shares
Traded		 Notes
BN.PF.B FixedReset Disc 42,900 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-20
Maturity Price : 17.50
Evaluated at bid price : 17.50
Bid-YTW : 9.33 %
TD.PF.D FixedReset Disc 40,100 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-20
Maturity Price : 17.60
Evaluated at bid price : 17.60
Bid-YTW : 8.91 %
TD.PF.B FixedReset Disc 34,200 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-20
Maturity Price : 18.45
Evaluated at bid price : 18.45
Bid-YTW : 8.26 %
TD.PF.M FixedReset Disc 22,000 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-20
Maturity Price : 23.47
Evaluated at bid price : 24.12
Bid-YTW : 7.65 %
CIU.PR.A Perpetual-Discount 20,000 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-20
Maturity Price : 16.76
Evaluated at bid price : 16.76
Bid-YTW : 6.90 %
TD.PF.A FixedReset Disc 19,400 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-20
Maturity Price : 17.46
Evaluated at bid price : 17.46
Bid-YTW : 8.61 %
There were 16 other index-included issues trading in excess of 10,000 shares.
Wide Spread Highlights
Issue Index Quote Data and Yield Notes
GWO.PR.I Insurance Straight Quote: 16.96 – 19.00
Spot Rate : 2.0400
Average : 1.2244

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-20
Maturity Price : 16.96
Evaluated at bid price : 16.96
Bid-YTW : 6.76 %
MFC.PR.N FixedReset Ins Non Quote: 16.20 – 18.27
Spot Rate : 2.0700
Average : 1.3952

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-20
Maturity Price : 16.20
Evaluated at bid price : 16.20
Bid-YTW : 9.29 %
CU.PR.H Perpetual-Discount Quote: 20.00 – 21.57
Spot Rate : 1.5700
Average : 0.9347

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-20
Maturity Price : 20.00
Evaluated at bid price : 20.00
Bid-YTW : 6.60 %
IFC.PR.F Insurance Straight Quote: 18.90 – 20.06
Spot Rate : 1.1600
Average : 0.8106

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-20
Maturity Price : 18.90
Evaluated at bid price : 18.90
Bid-YTW : 7.15 %
POW.PR.C Perpetual-Discount Quote: 20.75 – 21.42
Spot Rate : 0.6700
Average : 0.4312

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-20
Maturity Price : 20.75
Evaluated at bid price : 20.75
Bid-YTW : 7.10 %
CM.PR.P FixedReset Disc Quote: 16.56 – 17.13
Spot Rate : 0.5700
Average : 0.3935

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-20
Maturity Price : 16.56
Evaluated at bid price : 16.56
Bid-YTW : 8.96 %
Market Action

November 17, 2023

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 0.4697 % 2,066.8
FixedFloater 0.00 % 0.00 % 0 0.00 0 0.4697 % 3,964.2
Floater 11.78 % 12.02 % 53,426 8.06 2 0.4697 % 2,284.6
OpRet 0.00 % 0.00 % 0 0.00 0 0.0319 % 3,359.5
SplitShare 5.00 % 7.54 % 53,122 1.82 8 0.0319 % 4,012.0
Interest-Bearing 0.00 % 0.00 % 0 0.00 0 0.0319 % 3,130.3
Perpetual-Premium 0.00 % 0.00 % 0 0.00 0 -0.0016 % 2,500.3
Perpetual-Discount 6.84 % 6.98 % 47,119 12.58 33 -0.0016 % 2,726.4
FixedReset Disc 5.99 % 8.70 % 114,082 11.04 55 0.4227 % 2,147.5
Insurance Straight 6.68 % 6.87 % 60,623 12.66 19 0.1610 % 2,698.9
FloatingReset 11.17 % 11.50 % 31,468 8.38 1 -1.2838 % 2,349.9
FixedReset Prem 0.00 % 0.00 % 0 0.00 0 0.4227 % 2,427.8
FixedReset Bank Non 0.00 % 0.00 % 0 0.00 0 0.4227 % 2,195.2
FixedReset Ins Non 5.96 % 8.40 % 87,886 11.46 14 -0.1979 % 2,385.7
Performance Highlights
Issue Index Change Notes
MFC.PR.N FixedReset Ins Non -5.29 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-17
Maturity Price : 17.00
Evaluated at bid price : 17.00
Bid-YTW : 9.02 %
GWO.PR.N FixedReset Ins Non -4.31 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-17
Maturity Price : 11.76
Evaluated at bid price : 11.76
Bid-YTW : 9.90 %
PVS.PR.H SplitShare -3.84 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2027-02-28
Maturity Price : 25.00
Evaluated at bid price : 22.02
Bid-YTW : 9.39 %
PWF.PR.G Perpetual-Discount -2.58 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-17
Maturity Price : 20.80
Evaluated at bid price : 20.80
Bid-YTW : 7.18 %
FTS.PR.G FixedReset Disc -2.42 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-17
Maturity Price : 18.96
Evaluated at bid price : 18.96
Bid-YTW : 8.11 %
POW.PR.D Perpetual-Discount -1.87 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-17
Maturity Price : 18.40
Evaluated at bid price : 18.40
Bid-YTW : 6.90 %
GWO.PR.R Insurance Straight -1.29 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-17
Maturity Price : 17.56
Evaluated at bid price : 17.56
Bid-YTW : 6.96 %
SLF.PR.J FloatingReset -1.28 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-17
Maturity Price : 14.61
Evaluated at bid price : 14.61
Bid-YTW : 11.50 %
NA.PR.E FixedReset Disc -1.15 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-17
Maturity Price : 20.61
Evaluated at bid price : 20.61
Bid-YTW : 7.75 %
FTS.PR.H FixedReset Disc -1.13 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-17
Maturity Price : 13.10
Evaluated at bid price : 13.10
Bid-YTW : 9.61 %
POW.PR.B Perpetual-Discount -1.13 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-17
Maturity Price : 19.26
Evaluated at bid price : 19.26
Bid-YTW : 7.05 %
GWO.PR.P Insurance Straight -1.12 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-17
Maturity Price : 19.45
Evaluated at bid price : 19.45
Bid-YTW : 7.08 %
PWF.PR.R Perpetual-Discount -1.11 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-17
Maturity Price : 19.53
Evaluated at bid price : 19.53
Bid-YTW : 7.13 %
BMO.PR.T FixedReset Disc -1.08 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-17
Maturity Price : 17.35
Evaluated at bid price : 17.35
Bid-YTW : 8.85 %
BIK.PR.A FixedReset Disc 1.15 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-17
Maturity Price : 21.66
Evaluated at bid price : 22.05
Bid-YTW : 9.08 %
GWO.PR.T Insurance Straight 1.19 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-17
Maturity Price : 18.75
Evaluated at bid price : 18.75
Bid-YTW : 7.00 %
PVS.PR.J SplitShare 1.22 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2028-02-29
Maturity Price : 25.00
Evaluated at bid price : 22.42
Bid-YTW : 7.54 %
CM.PR.S FixedReset Disc 1.22 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-17
Maturity Price : 20.73
Evaluated at bid price : 20.73
Bid-YTW : 7.65 %
IFC.PR.K Perpetual-Discount 1.23 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-17
Maturity Price : 19.75
Evaluated at bid price : 19.75
Bid-YTW : 6.77 %
CU.PR.I FixedReset Disc 1.26 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-17
Maturity Price : 20.86
Evaluated at bid price : 20.86
Bid-YTW : 8.67 %
BN.PF.G FixedReset Disc 1.33 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-17
Maturity Price : 14.50
Evaluated at bid price : 14.50
Bid-YTW : 11.10 %
POW.PR.A Perpetual-Discount 1.41 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-17
Maturity Price : 20.10
Evaluated at bid price : 20.10
Bid-YTW : 7.08 %
BN.PR.Z FixedReset Disc 1.45 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-17
Maturity Price : 17.50
Evaluated at bid price : 17.50
Bid-YTW : 9.72 %
BN.PF.B FixedReset Disc 1.46 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-17
Maturity Price : 17.35
Evaluated at bid price : 17.35
Bid-YTW : 9.59 %
PWF.PF.A Perpetual-Discount 1.47 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-17
Maturity Price : 16.60
Evaluated at bid price : 16.60
Bid-YTW : 6.86 %
BN.PF.I FixedReset Disc 1.61 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-17
Maturity Price : 17.68
Evaluated at bid price : 17.68
Bid-YTW : 10.25 %
BN.PR.X FixedReset Disc 1.92 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-17
Maturity Price : 13.25
Evaluated at bid price : 13.25
Bid-YTW : 10.47 %
BN.PF.H FixedReset Disc 2.08 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-17
Maturity Price : 20.10
Evaluated at bid price : 20.10
Bid-YTW : 9.57 %
FTS.PR.F Perpetual-Discount 2.14 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-17
Maturity Price : 19.05
Evaluated at bid price : 19.05
Bid-YTW : 6.46 %
PWF.PR.P FixedReset Disc 2.42 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-17
Maturity Price : 12.70
Evaluated at bid price : 12.70
Bid-YTW : 9.82 %
BN.PF.J FixedReset Disc 2.81 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-17
Maturity Price : 18.66
Evaluated at bid price : 18.66
Bid-YTW : 9.31 %
SLF.PR.E Insurance Straight 6.24 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-17
Maturity Price : 18.06
Evaluated at bid price : 18.06
Bid-YTW : 6.34 %
PWF.PR.T FixedReset Disc 8.31 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-17
Maturity Price : 20.07
Evaluated at bid price : 20.07
Bid-YTW : 8.01 %
Volume Highlights
Issue Index Shares
Traded		 Notes
MFC.PR.B Insurance Straight 74,487 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-17
Maturity Price : 18.37
Evaluated at bid price : 18.37
Bid-YTW : 6.46 %
TD.PF.A FixedReset Disc 47,645 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-17
Maturity Price : 17.50
Evaluated at bid price : 17.50
Bid-YTW : 8.75 %
PWF.PR.K Perpetual-Discount 36,600 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-17
Maturity Price : 17.95
Evaluated at bid price : 17.95
Bid-YTW : 6.98 %
EIT.PR.A SplitShare 31,017 YTW SCENARIO
Maturity Type : Soft Maturity
Maturity Date : 2024-03-14
Maturity Price : 25.00
Evaluated at bid price : 24.92
Bid-YTW : 8.53 %
MFC.PR.F FixedReset Ins Non 26,046 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-17
Maturity Price : 13.53
Evaluated at bid price : 13.53
Bid-YTW : 8.98 %
SLF.PR.G FixedReset Ins Non 23,538 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-17
Maturity Price : 13.60
Evaluated at bid price : 13.60
Bid-YTW : 9.22 %
There were 13 other index-included issues trading in excess of 10,000 shares.
Wide Spread Highlights
Issue Index Quote Data and Yield Notes
PVS.PR.H SplitShare Quote: 22.02 – 23.58
Spot Rate : 1.5600
Average : 1.0369

YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2027-02-28
Maturity Price : 25.00
Evaluated at bid price : 22.02
Bid-YTW : 9.39 %
BMO.PR.W FixedReset Disc Quote: 17.06 – 18.00
Spot Rate : 0.9400
Average : 0.6186

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-17
Maturity Price : 17.06
Evaluated at bid price : 17.06
Bid-YTW : 8.91 %
FTS.PR.H FixedReset Disc Quote: 13.10 – 13.96
Spot Rate : 0.8600
Average : 0.5590

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-17
Maturity Price : 13.10
Evaluated at bid price : 13.10
Bid-YTW : 9.61 %
GWO.PR.N FixedReset Ins Non Quote: 11.76 – 12.65
Spot Rate : 0.8900
Average : 0.6110

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-17
Maturity Price : 11.76
Evaluated at bid price : 11.76
Bid-YTW : 9.90 %
MFC.PR.K FixedReset Ins Non Quote: 21.00 – 22.00
Spot Rate : 1.0000
Average : 0.7287

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-17
Maturity Price : 21.00
Evaluated at bid price : 21.00
Bid-YTW : 7.61 %
EIT.PR.B SplitShare Quote: 24.50 – 25.50
Spot Rate : 1.0000
Average : 0.7842

YTW SCENARIO
Maturity Type : Soft Maturity
Maturity Date : 2025-03-14
Maturity Price : 25.00
Evaluated at bid price : 24.50
Bid-YTW : 7.12 %
Market Action

November 16, 2023

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 0.8049 % 2,057.2
FixedFloater 0.00 % 0.00 % 0 0.00 0 0.8049 % 3,945.6
Floater 11.84 % 12.14 % 51,992 7.99 2 0.8049 % 2,273.9
OpRet 0.00 % 0.00 % 0 0.00 0 0.5727 % 3,358.5
SplitShare 5.00 % 8.00 % 49,169 1.82 8 0.5727 % 4,010.7
Interest-Bearing 0.00 % 0.00 % 0 0.00 0 0.5727 % 3,129.3
Perpetual-Premium 0.00 % 0.00 % 0 0.00 0 0.4321 % 2,500.3
Perpetual-Discount 6.84 % 6.97 % 46,651 12.59 33 0.4321 % 2,726.4
FixedReset Disc 6.02 % 8.75 % 113,757 11.04 55 0.4098 % 2,138.4
Insurance Straight 6.69 % 6.87 % 61,201 12.65 19 1.0593 % 2,694.5
FloatingReset 11.03 % 11.35 % 29,316 8.49 1 1.9284 % 2,380.5
FixedReset Prem 0.00 % 0.00 % 0 0.00 0 0.4098 % 2,417.6
FixedReset Bank Non 0.00 % 0.00 % 0 0.00 0 0.4098 % 2,185.9
FixedReset Ins Non 5.95 % 8.42 % 90,836 11.39 14 1.1973 % 2,390.4
Performance Highlights
Issue Index Change Notes
PWF.PR.T FixedReset Disc -9.17 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-16
Maturity Price : 18.53
Evaluated at bid price : 18.53
Bid-YTW : 8.68 %
POW.PR.A Perpetual-Discount -1.64 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-16
Maturity Price : 19.82
Evaluated at bid price : 19.82
Bid-YTW : 7.18 %
PWF.PF.A Perpetual-Discount -1.45 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-16
Maturity Price : 16.36
Evaluated at bid price : 16.36
Bid-YTW : 6.96 %
CU.PR.J Perpetual-Discount -1.26 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-16
Maturity Price : 17.25
Evaluated at bid price : 17.25
Bid-YTW : 6.92 %
PWF.PR.P FixedReset Disc -1.20 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-16
Maturity Price : 12.40
Evaluated at bid price : 12.40
Bid-YTW : 10.04 %
MFC.PR.K FixedReset Ins Non 1.07 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-16
Maturity Price : 20.85
Evaluated at bid price : 20.85
Bid-YTW : 7.66 %
CU.PR.F Perpetual-Discount 1.08 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-16
Maturity Price : 16.83
Evaluated at bid price : 16.83
Bid-YTW : 6.72 %
FTS.PR.F Perpetual-Discount 1.10 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-16
Maturity Price : 18.65
Evaluated at bid price : 18.65
Bid-YTW : 6.60 %
PWF.PR.L Perpetual-Discount 1.15 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-16
Maturity Price : 18.45
Evaluated at bid price : 18.45
Bid-YTW : 6.99 %
BMO.PR.T FixedReset Disc 1.15 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-16
Maturity Price : 17.54
Evaluated at bid price : 17.54
Bid-YTW : 8.75 %
BN.PF.I FixedReset Disc 1.16 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-16
Maturity Price : 17.40
Evaluated at bid price : 17.40
Bid-YTW : 10.41 %
GWO.PR.I Insurance Straight 1.19 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-16
Maturity Price : 16.96
Evaluated at bid price : 16.96
Bid-YTW : 6.76 %
CM.PR.P FixedReset Disc 1.20 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-16
Maturity Price : 16.90
Evaluated at bid price : 16.90
Bid-YTW : 8.94 %
GWO.PR.M Insurance Straight 1.20 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-16
Maturity Price : 21.05
Evaluated at bid price : 21.05
Bid-YTW : 7.02 %
PWF.PR.K Perpetual-Discount 1.24 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-16
Maturity Price : 17.97
Evaluated at bid price : 17.97
Bid-YTW : 6.97 %
PWF.PR.O Perpetual-Discount 1.27 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-16
Maturity Price : 20.72
Evaluated at bid price : 20.72
Bid-YTW : 7.08 %
BN.PR.N Perpetual-Discount 1.30 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-16
Maturity Price : 16.40
Evaluated at bid price : 16.40
Bid-YTW : 7.38 %
PWF.PR.R Perpetual-Discount 1.33 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-16
Maturity Price : 19.75
Evaluated at bid price : 19.75
Bid-YTW : 7.05 %
BN.PF.F FixedReset Disc 1.41 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-16
Maturity Price : 15.78
Evaluated at bid price : 15.78
Bid-YTW : 10.76 %
GWO.PR.H Insurance Straight 1.42 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-16
Maturity Price : 17.91
Evaluated at bid price : 17.91
Bid-YTW : 6.90 %
BN.PR.B Floater 1.42 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-16
Maturity Price : 10.70
Evaluated at bid price : 10.70
Bid-YTW : 12.14 %
PVS.PR.K SplitShare 1.43 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2029-05-31
Maturity Price : 25.00
Evaluated at bid price : 21.25
Bid-YTW : 8.11 %
BN.PF.E FixedReset Disc 1.43 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-16
Maturity Price : 14.15
Evaluated at bid price : 14.15
Bid-YTW : 11.01 %
MFC.PR.J FixedReset Ins Non 1.45 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-16
Maturity Price : 21.00
Evaluated at bid price : 21.00
Bid-YTW : 7.86 %
RY.PR.S FixedReset Disc 1.47 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-16
Maturity Price : 21.41
Evaluated at bid price : 21.41
Bid-YTW : 7.46 %
SLF.PR.H FixedReset Ins Non 1.48 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-16
Maturity Price : 16.50
Evaluated at bid price : 16.50
Bid-YTW : 8.42 %
GWO.PR.R Insurance Straight 1.48 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-16
Maturity Price : 17.79
Evaluated at bid price : 17.79
Bid-YTW : 6.87 %
PVS.PR.G SplitShare 1.49 % YTW SCENARIO
Maturity Type : Option Certainty
Maturity Date : 2026-02-28
Maturity Price : 25.00
Evaluated at bid price : 23.90
Bid-YTW : 7.53 %
POW.PR.B Perpetual-Discount 1.51 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-16
Maturity Price : 19.48
Evaluated at bid price : 19.48
Bid-YTW : 6.97 %
GWO.PR.T Insurance Straight 1.53 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-16
Maturity Price : 18.53
Evaluated at bid price : 18.53
Bid-YTW : 7.08 %
TD.PF.D FixedReset Disc 1.54 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-16
Maturity Price : 17.85
Evaluated at bid price : 17.85
Bid-YTW : 8.94 %
GWO.PR.S Insurance Straight 1.55 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-16
Maturity Price : 19.06
Evaluated at bid price : 19.06
Bid-YTW : 7.02 %
PVS.PR.J SplitShare 1.61 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2028-02-29
Maturity Price : 25.00
Evaluated at bid price : 22.15
Bid-YTW : 7.86 %
PWF.PR.S Perpetual-Discount 1.74 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-16
Maturity Price : 17.55
Evaluated at bid price : 17.55
Bid-YTW : 6.92 %
FTS.PR.K FixedReset Disc 1.92 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-16
Maturity Price : 17.54
Evaluated at bid price : 17.54
Bid-YTW : 8.64 %
SLF.PR.J FloatingReset 1.93 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-16
Maturity Price : 14.80
Evaluated at bid price : 14.80
Bid-YTW : 11.35 %
BN.PR.X FixedReset Disc 1.96 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-16
Maturity Price : 13.00
Evaluated at bid price : 13.00
Bid-YTW : 10.67 %
FTS.PR.H FixedReset Disc 2.02 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-16
Maturity Price : 13.25
Evaluated at bid price : 13.25
Bid-YTW : 9.50 %
RY.PR.J FixedReset Disc 2.04 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-16
Maturity Price : 18.05
Evaluated at bid price : 18.05
Bid-YTW : 8.82 %
CU.PR.H Perpetual-Discount 2.06 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-16
Maturity Price : 19.80
Evaluated at bid price : 19.80
Bid-YTW : 6.66 %
FTS.PR.G FixedReset Disc 2.23 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-16
Maturity Price : 19.43
Evaluated at bid price : 19.43
Bid-YTW : 7.91 %
BN.PF.A FixedReset Disc 2.34 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-16
Maturity Price : 19.25
Evaluated at bid price : 19.25
Bid-YTW : 9.07 %
RY.PR.N Perpetual-Discount 2.50 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-16
Maturity Price : 20.50
Evaluated at bid price : 20.50
Bid-YTW : 6.01 %
NA.PR.E FixedReset Disc 2.56 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-16
Maturity Price : 20.85
Evaluated at bid price : 20.85
Bid-YTW : 7.66 %
BN.PF.J FixedReset Disc 2.60 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-16
Maturity Price : 18.15
Evaluated at bid price : 18.15
Bid-YTW : 9.57 %
BN.PF.H FixedReset Disc 2.71 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-16
Maturity Price : 19.69
Evaluated at bid price : 19.69
Bid-YTW : 9.76 %
MFC.PR.F FixedReset Ins Non 2.98 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-16
Maturity Price : 13.47
Evaluated at bid price : 13.47
Bid-YTW : 9.02 %
CU.PR.I FixedReset Disc 3.00 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-16
Maturity Price : 20.60
Evaluated at bid price : 20.60
Bid-YTW : 8.77 %
MFC.PR.C Insurance Straight 3.22 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-16
Maturity Price : 17.65
Evaluated at bid price : 17.65
Bid-YTW : 6.50 %
SLF.PR.G FixedReset Ins Non 3.44 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-16
Maturity Price : 13.55
Evaluated at bid price : 13.55
Bid-YTW : 9.25 %
IFC.PR.F Insurance Straight 4.28 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-16
Maturity Price : 19.50
Evaluated at bid price : 19.50
Bid-YTW : 6.92 %
MFC.PR.N FixedReset Ins Non 5.59 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-16
Maturity Price : 17.95
Evaluated at bid price : 17.95
Bid-YTW : 8.55 %
Volume Highlights
Issue Index Shares
Traded		 Notes
PWF.PR.K Perpetual-Discount 156,200 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-16
Maturity Price : 17.97
Evaluated at bid price : 17.97
Bid-YTW : 6.97 %
MFC.PR.B Insurance Straight 81,124 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-16
Maturity Price : 18.32
Evaluated at bid price : 18.32
Bid-YTW : 6.47 %
RY.PR.M FixedReset Disc 56,900 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-16
Maturity Price : 17.15
Evaluated at bid price : 17.15
Bid-YTW : 8.88 %
IFC.PR.C FixedReset Ins Non 55,438 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-16
Maturity Price : 16.75
Evaluated at bid price : 16.75
Bid-YTW : 9.00 %
TD.PF.B FixedReset Disc 45,600 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-16
Maturity Price : 18.50
Evaluated at bid price : 18.50
Bid-YTW : 8.40 %
BN.PF.F FixedReset Disc 33,612 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-16
Maturity Price : 15.78
Evaluated at bid price : 15.78
Bid-YTW : 10.76 %
There were 15 other index-included issues trading in excess of 10,000 shares.
Wide Spread Highlights
Issue Index Quote Data and Yield Notes
MFC.PR.F FixedReset Ins Non Quote: 13.47 – 23.80
Spot Rate : 10.3300
Average : 5.5367

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-16
Maturity Price : 13.47
Evaluated at bid price : 13.47
Bid-YTW : 9.02 %
MFC.PR.Q FixedReset Ins Non Quote: 20.70 – 23.46
Spot Rate : 2.7600
Average : 1.6640

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-16
Maturity Price : 20.70
Evaluated at bid price : 20.70
Bid-YTW : 7.83 %
PWF.PR.T FixedReset Disc Quote: 18.53 – 20.75
Spot Rate : 2.2200
Average : 1.2869

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-16
Maturity Price : 18.53
Evaluated at bid price : 18.53
Bid-YTW : 8.68 %
EIT.PR.B SplitShare Quote: 24.46 – 25.46
Spot Rate : 1.0000
Average : 0.5476

YTW SCENARIO
Maturity Type : Soft Maturity
Maturity Date : 2025-03-14
Maturity Price : 25.00
Evaluated at bid price : 24.46
Bid-YTW : 7.23 %
MFC.PR.L FixedReset Ins Non Quote: 18.19 – 19.19
Spot Rate : 1.0000
Average : 0.6324

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-16
Maturity Price : 18.19
Evaluated at bid price : 18.19
Bid-YTW : 8.49 %
MFC.PR.M FixedReset Ins Non Quote: 18.09 – 19.85
Spot Rate : 1.7600
Average : 1.4275

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-16
Maturity Price : 18.09
Evaluated at bid price : 18.09
Bid-YTW : 8.65 %
Market Action

November 15, 2023

PerpetualDiscounts now yield 7.04%, equivalent to 9.15% interest at the standard equivalency factor of 1.3x. Long corporates yielded 5.56% on 2023-11-10 and since then the closing price has changed from 14.20 to 14.40, an increase of 141bp in price, with a Duration (BMO doesn’t specify Modified or Macaulay – I will assume the former) of 12.03 implying a decrease of 12bp in yield to 5.44%, so the pre-tax interest-equivalent spread (in this context, the “Seniority Spread”) is has narrowed slightly (and perhaps spuriously) to 370bp from the 375bp reported November 8.

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 0.0000 % 2,040.7
FixedFloater 0.00 % 0.00 % 0 0.00 0 0.0000 % 3,914.1
Floater 11.93 % 12.29 % 38,025 7.91 2 0.0000 % 2,255.7
OpRet 0.00 % 0.00 % 0 0.00 0 1.0492 % 3,339.4
SplitShare 5.03 % 8.13 % 45,519 1.83 8 1.0492 % 3,987.9
Interest-Bearing 0.00 % 0.00 % 0 0.00 0 1.0492 % 3,111.5
Perpetual-Premium 0.00 % 0.00 % 0 0.00 0 0.5410 % 2,489.5
Perpetual-Discount 6.86 % 7.04 % 48,565 12.50 33 0.5410 % 2,714.7
FixedReset Disc 6.04 % 8.81 % 114,423 11.00 55 0.3849 % 2,129.7
Insurance Straight 6.76 % 6.97 % 61,042 12.52 19 -0.2478 % 2,666.3
FloatingReset 11.24 % 11.57 % 30,522 8.35 1 0.4844 % 2,335.4
FixedReset Prem 0.00 % 0.00 % 0 0.00 0 0.3849 % 2,407.7
FixedReset Bank Non 0.00 % 0.00 % 0 0.00 0 0.3849 % 2,177.0
FixedReset Ins Non 6.02 % 8.53 % 85,988 11.34 14 0.0900 % 2,362.1
Performance Highlights
Issue Index Change Notes
SLF.PR.E Insurance Straight -4.60 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-15
Maturity Price : 17.00
Evaluated at bid price : 17.00
Bid-YTW : 6.74 %
IFC.PR.F Insurance Straight -3.71 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-15
Maturity Price : 18.70
Evaluated at bid price : 18.70
Bid-YTW : 7.22 %
MFC.PR.C Insurance Straight -3.44 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-15
Maturity Price : 17.10
Evaluated at bid price : 17.10
Bid-YTW : 6.71 %
RY.PR.N Perpetual-Discount -2.91 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-15
Maturity Price : 20.00
Evaluated at bid price : 20.00
Bid-YTW : 6.16 %
MFC.PR.N FixedReset Ins Non -2.58 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-15
Maturity Price : 17.00
Evaluated at bid price : 17.00
Bid-YTW : 9.02 %
RY.PR.J FixedReset Disc -2.53 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-15
Maturity Price : 17.69
Evaluated at bid price : 17.69
Bid-YTW : 9.00 %
GWO.PR.N FixedReset Ins Non -1.52 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-15
Maturity Price : 12.31
Evaluated at bid price : 12.31
Bid-YTW : 9.49 %
NA.PR.E FixedReset Disc -1.31 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-15
Maturity Price : 20.33
Evaluated at bid price : 20.33
Bid-YTW : 7.85 %
PWF.PR.T FixedReset Disc -1.21 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-15
Maturity Price : 20.40
Evaluated at bid price : 20.40
Bid-YTW : 7.87 %
GWO.PR.Q Insurance Straight 1.08 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-15
Maturity Price : 18.66
Evaluated at bid price : 18.66
Bid-YTW : 7.03 %
GWO.PR.Y Insurance Straight 1.08 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-15
Maturity Price : 16.78
Evaluated at bid price : 16.78
Bid-YTW : 6.83 %
RY.PR.Z FixedReset Disc 1.09 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-15
Maturity Price : 18.55
Evaluated at bid price : 18.55
Bid-YTW : 8.31 %
GWO.PR.G Insurance Straight 1.12 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-15
Maturity Price : 18.88
Evaluated at bid price : 18.88
Bid-YTW : 7.02 %
BMO.PR.Y FixedReset Disc 1.17 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-15
Maturity Price : 17.29
Evaluated at bid price : 17.29
Bid-YTW : 9.03 %
BN.PF.F FixedReset Disc 1.17 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-15
Maturity Price : 15.56
Evaluated at bid price : 15.56
Bid-YTW : 10.91 %
PWF.PR.F Perpetual-Discount 1.19 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-15
Maturity Price : 18.75
Evaluated at bid price : 18.75
Bid-YTW : 7.08 %
BN.PF.D Perpetual-Discount 1.20 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-15
Maturity Price : 16.82
Evaluated at bid price : 16.82
Bid-YTW : 7.43 %
POW.PR.G Perpetual-Discount 1.26 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-15
Maturity Price : 20.10
Evaluated at bid price : 20.10
Bid-YTW : 7.07 %
POW.PR.B Perpetual-Discount 1.27 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-15
Maturity Price : 19.19
Evaluated at bid price : 19.19
Bid-YTW : 7.08 %
PVS.PR.I SplitShare 1.28 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-10-31
Maturity Price : 25.00
Evaluated at bid price : 23.75
Bid-YTW : 8.11 %
BN.PR.M Perpetual-Discount 1.29 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-15
Maturity Price : 16.46
Evaluated at bid price : 16.46
Bid-YTW : 7.36 %
RY.PR.H FixedReset Disc 1.35 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-15
Maturity Price : 18.00
Evaluated at bid price : 18.00
Bid-YTW : 8.56 %
BN.PF.C Perpetual-Discount 1.41 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-15
Maturity Price : 16.60
Evaluated at bid price : 16.60
Bid-YTW : 7.45 %
BN.PR.Z FixedReset Disc 1.42 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-15
Maturity Price : 17.15
Evaluated at bid price : 17.15
Bid-YTW : 9.91 %
PVS.PR.K SplitShare 1.45 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2029-05-31
Maturity Price : 25.00
Evaluated at bid price : 20.95
Bid-YTW : 8.41 %
GWO.PR.I Insurance Straight 1.45 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-15
Maturity Price : 16.76
Evaluated at bid price : 16.76
Bid-YTW : 6.84 %
GWO.PR.P Insurance Straight 1.56 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-15
Maturity Price : 19.50
Evaluated at bid price : 19.50
Bid-YTW : 7.05 %
MFC.PR.Q FixedReset Ins Non 1.59 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-15
Maturity Price : 20.50
Evaluated at bid price : 20.50
Bid-YTW : 7.90 %
POW.PR.A Perpetual-Discount 1.61 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-15
Maturity Price : 20.15
Evaluated at bid price : 20.15
Bid-YTW : 7.05 %
PVS.PR.G SplitShare 1.68 % YTW SCENARIO
Maturity Type : Option Certainty
Maturity Date : 2026-02-28
Maturity Price : 25.00
Evaluated at bid price : 23.55
Bid-YTW : 8.23 %
PWF.PF.A Perpetual-Discount 1.84 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-15
Maturity Price : 16.60
Evaluated at bid price : 16.60
Bid-YTW : 6.86 %
PVS.PR.J SplitShare 1.87 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2028-02-29
Maturity Price : 25.00
Evaluated at bid price : 21.80
Bid-YTW : 8.29 %
PVS.PR.H SplitShare 1.97 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2027-02-28
Maturity Price : 25.00
Evaluated at bid price : 22.75
Bid-YTW : 8.24 %
PWF.PR.G Perpetual-Discount 2.30 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-15
Maturity Price : 21.38
Evaluated at bid price : 21.38
Bid-YTW : 6.98 %
BNS.PR.I FixedReset Disc 2.47 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-15
Maturity Price : 22.15
Evaluated at bid price : 22.80
Bid-YTW : 7.08 %
POW.PR.D Perpetual-Discount 3.16 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-15
Maturity Price : 18.58
Evaluated at bid price : 18.58
Bid-YTW : 6.83 %
BN.PF.G FixedReset Disc 3.25 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-15
Maturity Price : 14.30
Evaluated at bid price : 14.30
Bid-YTW : 11.24 %
BN.PF.E FixedReset Disc 5.68 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-15
Maturity Price : 13.95
Evaluated at bid price : 13.95
Bid-YTW : 11.16 %
Volume Highlights
Issue Index Shares
Traded		 Notes
MFC.PR.B Insurance Straight 43,388 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-15
Maturity Price : 18.32
Evaluated at bid price : 18.32
Bid-YTW : 6.47 %
MFC.PR.F FixedReset Ins Non 41,400 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-15
Maturity Price : 13.08
Evaluated at bid price : 13.08
Bid-YTW : 9.26 %
PWF.PF.A Perpetual-Discount 38,926 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-15
Maturity Price : 16.60
Evaluated at bid price : 16.60
Bid-YTW : 6.86 %
PWF.PR.S Perpetual-Discount 36,341 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-15
Maturity Price : 17.25
Evaluated at bid price : 17.25
Bid-YTW : 7.04 %
GWO.PR.N FixedReset Ins Non 30,300 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-15
Maturity Price : 12.31
Evaluated at bid price : 12.31
Bid-YTW : 9.49 %
BN.PF.H FixedReset Disc 24,400 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-15
Maturity Price : 19.17
Evaluated at bid price : 19.17
Bid-YTW : 10.01 %
There were 11 other index-included issues trading in excess of 10,000 shares.
Wide Spread Highlights
Issue Index Quote Data and Yield Notes
POW.PR.B Perpetual-Discount Quote: 19.19 – 23.00
Spot Rate : 3.8100
Average : 2.1535

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-15
Maturity Price : 19.19
Evaluated at bid price : 19.19
Bid-YTW : 7.08 %
MFC.PR.M FixedReset Ins Non Quote: 17.92 – 19.85
Spot Rate : 1.9300
Average : 1.0628

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-15
Maturity Price : 17.92
Evaluated at bid price : 17.92
Bid-YTW : 8.73 %
SLF.PR.E Insurance Straight Quote: 17.00 – 18.15
Spot Rate : 1.1500
Average : 0.7259

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-15
Maturity Price : 17.00
Evaluated at bid price : 17.00
Bid-YTW : 6.74 %
PWF.PR.Z Perpetual-Discount Quote: 18.50 – 19.60
Spot Rate : 1.1000
Average : 0.6866

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-15
Maturity Price : 18.50
Evaluated at bid price : 18.50
Bid-YTW : 7.04 %
FTS.PR.G FixedReset Disc Quote: 19.38 – 20.40
Spot Rate : 1.0200
Average : 0.6332

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-15
Maturity Price : 19.38
Evaluated at bid price : 19.38
Bid-YTW : 8.10 %
GWO.PR.Q Insurance Straight Quote: 18.66 – 19.48
Spot Rate : 0.8200
Average : 0.5506

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-11-15
Maturity Price : 18.66
Evaluated at bid price : 18.66
Bid-YTW : 7.03 %