December 14, 2023

TXPR closed at 535.39, up 0.72% on the day, taking us all the way back to December 6 levels. Volume today was 2.14-million, above the median of the past 21 trading days.

CPD closed at 10.75, up 0.94% on the day. Volume was 136,440, fourth-highest of the past 21 trading days.

ZPR closed at 9.13, up 0.77% on the day. Volume was 291,430, third-highest of the past 21 trading days.

Five-year Canada yields were down to 3.27%.

Other markets also did well:

U.S. and Canadian stocks ended firmer on Thursday, with the Dow Jones Industrial Average notching its second straight record high close, lifted by optimism that borrowing rates will decrease next year following a dovish pivot by the Federal Reserve.

Interest rate sensitive banking stocks rallied in Toronto on bets that an expected drop in borrowing costs next year would boost credit growth and revive the housing market.

Investors were closely watching U.S. 10-year Treasury yields, which broke below 4% for the first time since early August in the wake of the Fed statement. They fell further on Thursday, to 3.9%. Canadian bond yields were also lower across the curve, with the closely watched 5-year yield down 6 basis points to its lowest since May.

The U.S. Federal Reserve’s guidance on Wednesday that borrowing costs are expected to come down next year has turned the market sentiment globally, with investors piling into beaten down stocks.

U.S. retail sales unexpectedly rose in November as the holiday shopping season got off to a brisk start, the Commerce Department reported on Thursday, further alleviating fears of a recession.

Canada’s housing market slowed further in November, with higher interest rates denting demand, data from the Canadian Real Estate Association showed Thursday. But CREA also noted that expectations of lower interest rates are expected to make the spring market more active.

The Toronto Stock Exchange’s S&P/TSX composite index rose 149.35 points, or 0.72%, at 20,778.80, its highest close since June 8, 2022.

The S&P 500 climbed 0.26% to end at 4,719.55 points. It remains down less than 2% from its record high close in January 2022.

The Nasdaq Composite Index gained 0.19% at 14,761.56 points, while the Dow Jones Industrial Average rose 0.43% to 37,248.35 points.

Volume on U.S. exchanges was unusually heavy, with 17.1 billion shares traded, compared to an average of 11.1 billion shares over the previous 20 sessions.

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 -1.5922 % 2,149.9
FixedFloater 0.00 % 0.00 % 0 0.00 0 -1.5922 % 4,123.6
Floater 11.33 % 11.39 % 41,997 8.60 2 -1.5922 % 2,376.4
OpRet 0.00 % 0.00 % 0 0.00 0 -0.0848 % 3,369.7
SplitShare 4.99 % 7.38 % 54,089 1.78 8 -0.0848 % 4,024.2
Interest-Bearing 0.00 % 0.00 % 0 0.00 0 -0.0848 % 3,139.8
Perpetual-Premium 0.00 % 0.00 % 0 0.00 0 1.3085 % 2,529.8
Perpetual-Discount 6.79 % 6.99 % 60,954 12.50 33 1.3085 % 2,758.6
FixedReset Disc 5.87 % 7.69 % 126,105 11.85 60 0.2037 % 2,215.1
Insurance Straight 6.68 % 6.84 % 77,081 12.81 19 1.1037 % 2,706.7
FloatingReset 10.69 % 10.79 % 35,554 9.00 3 -0.5477 % 2,478.9
FixedReset Prem 7.01 % 6.77 % 167,231 12.53 1 0.0000 % 2,497.4
FixedReset Bank Non 0.00 % 0.00 % 0 0.00 0 0.2037 % 2,264.3
FixedReset Ins Non 5.73 % 7.22 % 81,727 12.49 14 -0.1555 % 2,478.5
Performance Highlights
Issue Index Change Notes
BIK.PR.A FixedReset Disc -4.97 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-12-14
Maturity Price : 21.63
Evaluated at bid price : 22.00
Bid-YTW : 8.23 %
MFC.PR.F FixedReset Ins Non -3.54 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-12-14
Maturity Price : 13.64
Evaluated at bid price : 13.64
Bid-YTW : 7.85 %
SLF.PR.G FixedReset Ins Non -2.52 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-12-14
Maturity Price : 13.56
Evaluated at bid price : 13.56
Bid-YTW : 8.09 %
MFC.PR.C Insurance Straight -2.32 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-12-14
Maturity Price : 17.25
Evaluated at bid price : 17.25
Bid-YTW : 6.57 %
BMO.PR.T FixedReset Disc -2.17 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-12-14
Maturity Price : 17.56
Evaluated at bid price : 17.56
Bid-YTW : 7.81 %
TD.PF.A FixedReset Disc -1.75 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-12-14
Maturity Price : 18.52
Evaluated at bid price : 18.52
Bid-YTW : 7.40 %
BN.PF.E FixedReset Disc -1.63 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-12-14
Maturity Price : 14.04
Evaluated at bid price : 14.04
Bid-YTW : 10.01 %
BN.PF.B FixedReset Disc -1.46 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-12-14
Maturity Price : 16.75
Evaluated at bid price : 16.75
Bid-YTW : 8.83 %
PVS.PR.K SplitShare -1.14 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2029-05-31
Maturity Price : 25.00
Evaluated at bid price : 21.75
Bid-YTW : 7.45 %
POW.PR.C Perpetual-Discount -1.08 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-12-14
Maturity Price : 21.15
Evaluated at bid price : 21.15
Bid-YTW : 7.00 %
BMO.PR.E FixedReset Disc 1.00 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-12-14
Maturity Price : 22.86
Evaluated at bid price : 24.19
Bid-YTW : 6.42 %
BMO.PR.F FixedReset Disc 1.03 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-12-14
Maturity Price : 23.83
Evaluated at bid price : 24.55
Bid-YTW : 6.91 %
SLF.PR.C Insurance Straight 1.07 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-12-14
Maturity Price : 17.95
Evaluated at bid price : 17.95
Bid-YTW : 6.22 %
RY.PR.J FixedReset Disc 1.12 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-12-14
Maturity Price : 18.88
Evaluated at bid price : 18.88
Bid-YTW : 7.67 %
MFC.PR.K FixedReset Ins Non 1.16 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-12-14
Maturity Price : 21.54
Evaluated at bid price : 21.85
Bid-YTW : 6.59 %
POW.PR.D Perpetual-Discount 1.16 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-12-14
Maturity Price : 18.31
Evaluated at bid price : 18.31
Bid-YTW : 6.97 %
CU.PR.E Perpetual-Discount 1.17 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-12-14
Maturity Price : 18.16
Evaluated at bid price : 18.16
Bid-YTW : 6.82 %
MFC.PR.N FixedReset Ins Non 1.18 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-12-14
Maturity Price : 17.99
Evaluated at bid price : 17.99
Bid-YTW : 7.56 %
FFH.PR.D FloatingReset 1.26 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-12-14
Maturity Price : 20.00
Evaluated at bid price : 20.00
Bid-YTW : 10.42 %
PWF.PR.H Perpetual-Discount 1.27 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-12-14
Maturity Price : 20.71
Evaluated at bid price : 20.71
Bid-YTW : 7.07 %
BN.PR.K Floater 1.28 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-12-14
Maturity Price : 11.15
Evaluated at bid price : 11.15
Bid-YTW : 11.39 %
FFH.PR.I FixedReset Disc 1.30 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-12-14
Maturity Price : 16.00
Evaluated at bid price : 16.00
Bid-YTW : 8.92 %
BN.PR.M Perpetual-Discount 1.34 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-12-14
Maturity Price : 16.80
Evaluated at bid price : 16.80
Bid-YTW : 7.10 %
POW.PR.G Perpetual-Discount 1.35 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-12-14
Maturity Price : 20.22
Evaluated at bid price : 20.22
Bid-YTW : 7.08 %
GWO.PR.T Insurance Straight 1.36 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-12-14
Maturity Price : 18.70
Evaluated at bid price : 18.70
Bid-YTW : 6.92 %
FTS.PR.F Perpetual-Discount 1.38 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-12-14
Maturity Price : 18.42
Evaluated at bid price : 18.42
Bid-YTW : 6.72 %
PWF.PR.T FixedReset Disc 1.42 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-12-14
Maturity Price : 20.00
Evaluated at bid price : 20.00
Bid-YTW : 7.15 %
GWO.PR.M Insurance Straight 1.43 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-12-14
Maturity Price : 21.30
Evaluated at bid price : 21.30
Bid-YTW : 6.84 %
PWF.PR.R Perpetual-Discount 1.44 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-12-14
Maturity Price : 19.78
Evaluated at bid price : 19.78
Bid-YTW : 7.08 %
FFH.PR.M FixedReset Disc 1.44 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-12-14
Maturity Price : 21.35
Evaluated at bid price : 21.65
Bid-YTW : 8.16 %
PWF.PR.F Perpetual-Discount 1.45 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-12-14
Maturity Price : 18.95
Evaluated at bid price : 18.95
Bid-YTW : 7.05 %
POW.PR.B Perpetual-Discount 1.51 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-12-14
Maturity Price : 19.54
Evaluated at bid price : 19.54
Bid-YTW : 6.99 %
SLF.PR.D Insurance Straight 1.51 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-12-14
Maturity Price : 18.10
Evaluated at bid price : 18.10
Bid-YTW : 6.17 %
PWF.PR.Z Perpetual-Discount 1.53 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-12-14
Maturity Price : 18.55
Evaluated at bid price : 18.55
Bid-YTW : 7.07 %
GWO.PR.H Insurance Straight 1.55 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-12-14
Maturity Price : 17.67
Evaluated at bid price : 17.67
Bid-YTW : 6.90 %
IFC.PR.G FixedReset Ins Non 1.63 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-12-14
Maturity Price : 21.21
Evaluated at bid price : 21.21
Bid-YTW : 6.94 %
POW.PR.A Perpetual-Discount 1.63 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-12-14
Maturity Price : 20.60
Evaluated at bid price : 20.60
Bid-YTW : 6.94 %
RY.PR.O Perpetual-Discount 1.65 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-12-14
Maturity Price : 21.50
Evaluated at bid price : 21.50
Bid-YTW : 5.76 %
BN.PR.N Perpetual-Discount 1.66 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-12-14
Maturity Price : 16.68
Evaluated at bid price : 16.68
Bid-YTW : 7.16 %
BIP.PR.A FixedReset Disc 1.68 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-12-14
Maturity Price : 16.92
Evaluated at bid price : 16.92
Bid-YTW : 9.63 %
PWF.PR.O Perpetual-Discount 1.69 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-12-14
Maturity Price : 21.10
Evaluated at bid price : 21.10
Bid-YTW : 7.00 %
PWF.PR.L Perpetual-Discount 1.70 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-12-14
Maturity Price : 18.51
Evaluated at bid price : 18.51
Bid-YTW : 7.01 %
GWO.PR.S Insurance Straight 1.71 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-12-14
Maturity Price : 19.02
Evaluated at bid price : 19.02
Bid-YTW : 6.93 %
GWO.PR.Q Insurance Straight 1.75 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-12-14
Maturity Price : 18.65
Evaluated at bid price : 18.65
Bid-YTW : 6.94 %
GWO.PR.P Insurance Straight 1.75 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-12-14
Maturity Price : 19.74
Evaluated at bid price : 19.74
Bid-YTW : 6.87 %
BN.PF.C Perpetual-Discount 1.92 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-12-14
Maturity Price : 16.89
Evaluated at bid price : 16.89
Bid-YTW : 7.22 %
MFC.PR.B Insurance Straight 1.98 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-12-14
Maturity Price : 18.50
Evaluated at bid price : 18.50
Bid-YTW : 6.33 %
PWF.PR.E Perpetual-Discount 2.06 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-12-14
Maturity Price : 19.85
Evaluated at bid price : 19.85
Bid-YTW : 7.05 %
GWO.PR.G Insurance Straight 2.10 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-12-14
Maturity Price : 18.95
Evaluated at bid price : 18.95
Bid-YTW : 6.89 %
CU.PR.G Perpetual-Discount 2.13 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-12-14
Maturity Price : 16.80
Evaluated at bid price : 16.80
Bid-YTW : 6.77 %
RY.PR.N Perpetual-Discount 2.13 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-12-14
Maturity Price : 21.55
Evaluated at bid price : 21.55
Bid-YTW : 5.75 %
PWF.PR.K Perpetual-Discount 2.16 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-12-14
Maturity Price : 18.00
Evaluated at bid price : 18.00
Bid-YTW : 7.00 %
CU.PR.D Perpetual-Discount 2.18 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-12-14
Maturity Price : 18.24
Evaluated at bid price : 18.24
Bid-YTW : 6.79 %
GWO.PR.R Insurance Straight 2.21 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-12-14
Maturity Price : 17.55
Evaluated at bid price : 17.55
Bid-YTW : 6.87 %
CM.PR.S FixedReset Disc 2.39 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-12-14
Maturity Price : 21.45
Evaluated at bid price : 21.45
Bid-YTW : 6.83 %
BN.PF.I FixedReset Disc 2.42 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-12-14
Maturity Price : 19.02
Evaluated at bid price : 19.02
Bid-YTW : 8.83 %
FTS.PR.M FixedReset Disc 2.42 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-12-14
Maturity Price : 17.37
Evaluated at bid price : 17.37
Bid-YTW : 8.19 %
PWF.PF.A Perpetual-Discount 2.55 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-12-14
Maturity Price : 16.52
Evaluated at bid price : 16.52
Bid-YTW : 6.93 %
BN.PF.A FixedReset Disc 2.86 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-12-14
Maturity Price : 20.15
Evaluated at bid price : 20.15
Bid-YTW : 7.92 %
BN.PR.R FixedReset Disc 2.92 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-12-14
Maturity Price : 14.00
Evaluated at bid price : 14.00
Bid-YTW : 9.16 %
BN.PF.D Perpetual-Discount 2.97 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-12-14
Maturity Price : 17.25
Evaluated at bid price : 17.25
Bid-YTW : 7.14 %
BN.PF.J FixedReset Disc 3.04 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-12-14
Maturity Price : 19.25
Evaluated at bid price : 19.25
Bid-YTW : 8.25 %
CU.PR.F Perpetual-Discount 3.04 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-12-14
Maturity Price : 16.95
Evaluated at bid price : 16.95
Bid-YTW : 6.71 %
BN.PF.F FixedReset Disc 3.61 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-12-14
Maturity Price : 16.75
Evaluated at bid price : 16.75
Bid-YTW : 9.03 %
FFH.PR.K FixedReset Disc 3.90 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-12-14
Maturity Price : 18.75
Evaluated at bid price : 18.75
Bid-YTW : 8.51 %
MIC.PR.A Perpetual-Discount 3.94 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-12-14
Maturity Price : 17.52
Evaluated at bid price : 17.52
Bid-YTW : 7.75 %
PWF.PR.P FixedReset Disc 4.00 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-12-14
Maturity Price : 13.26
Evaluated at bid price : 13.26
Bid-YTW : 8.42 %
BN.PR.Z FixedReset Disc 4.19 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-12-14
Maturity Price : 18.30
Evaluated at bid price : 18.30
Bid-YTW : 8.49 %
BN.PF.G FixedReset Disc 5.56 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-12-14
Maturity Price : 16.00
Evaluated at bid price : 16.00
Bid-YTW : 9.07 %
BN.PR.T FixedReset Disc 5.68 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-12-14
Maturity Price : 14.29
Evaluated at bid price : 14.29
Bid-YTW : 9.03 %
PWF.PR.S Perpetual-Discount 6.02 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-12-14
Maturity Price : 17.60
Evaluated at bid price : 17.60
Bid-YTW : 6.94 %
GWO.PR.I Insurance Straight 6.26 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-12-14
Maturity Price : 16.98
Evaluated at bid price : 16.98
Bid-YTW : 6.66 %
Volume Highlights
Issue Index Shares
Traded
Notes
TD.PF.C FixedReset Disc 102,200 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-12-14
Maturity Price : 17.80
Evaluated at bid price : 17.80
Bid-YTW : 7.69 %
TD.PF.L FixedReset Disc 70,565 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-12-14
Maturity Price : 23.21
Evaluated at bid price : 24.06
Bid-YTW : 6.83 %
SLF.PR.H FixedReset Ins Non 53,000 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-12-14
Maturity Price : 17.51
Evaluated at bid price : 17.51
Bid-YTW : 7.13 %
BNS.PR.I FixedReset Disc 40,440 YTW SCENARIO
Maturity Type : Call
Maturity Date : 2024-01-27
Maturity Price : 25.00
Evaluated at bid price : 25.14
Bid-YTW : 5.52 %
FTS.PR.G FixedReset Disc 39,800 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-12-14
Maturity Price : 19.20
Evaluated at bid price : 19.20
Bid-YTW : 7.40 %
PWF.PR.P FixedReset Disc 35,700 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-12-14
Maturity Price : 13.26
Evaluated at bid price : 13.26
Bid-YTW : 8.42 %
There were 35 other index-included issues trading in excess of 10,000 shares.
Wide Spread Highlights
Issue Index Quote Data and Yield Notes
IFC.PR.K Perpetual-Discount Quote: 19.81 – 25.15
Spot Rate : 5.3400
Average : 3.1298

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-12-14
Maturity Price : 19.81
Evaluated at bid price : 19.81
Bid-YTW : 6.66 %

MFC.PR.K FixedReset Ins Non Quote: 21.85 – 24.99
Spot Rate : 3.1400
Average : 1.7341

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-12-14
Maturity Price : 21.54
Evaluated at bid price : 21.85
Bid-YTW : 6.59 %

CCS.PR.C Insurance Straight Quote: 18.00 – 19.50
Spot Rate : 1.5000
Average : 0.9497

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-12-14
Maturity Price : 18.00
Evaluated at bid price : 18.00
Bid-YTW : 6.98 %

BN.PF.A FixedReset Disc Quote: 20.15 – 21.40
Spot Rate : 1.2500
Average : 0.7296

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-12-14
Maturity Price : 20.15
Evaluated at bid price : 20.15
Bid-YTW : 7.92 %

BN.PR.Z FixedReset Disc Quote: 18.30 – 19.50
Spot Rate : 1.2000
Average : 0.7450

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-12-14
Maturity Price : 18.30
Evaluated at bid price : 18.30
Bid-YTW : 8.49 %

BN.PF.E FixedReset Disc Quote: 14.04 – 15.39
Spot Rate : 1.3500
Average : 0.9486

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2053-12-14
Maturity Price : 14.04
Evaluated at bid price : 14.04
Bid-YTW : 10.01 %

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