{"id":31233,"date":"2015-11-13T04:38:13","date_gmt":"2015-11-13T09:38:13","guid":{"rendered":"http:\/\/prefblog.com\/?p=31233"},"modified":"2015-11-13T04:38:13","modified_gmt":"2015-11-13T09:38:13","slug":"november-12-2015","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=31233","title":{"rendered":"November 12, 2015"},"content":{"rendered":"<p>There were a few things I wanted to discuss in today&#8217;s post, notably <a href=\"http:\/\/www.bloomberg.com\/news\/articles\/2015-11-12\/five-strange-things-that-have-been-happening-in-financial-markets\">Six Strange Things That Have Been Happening in Financial Markets<\/a> and a <a href=\"http:\/\/www.marketwired.com\/press-release\/silver-bullion-trust-responds-sprotts-blatant-attempt-circumvent-securities-laws-replace-tsx-sbt.un-2072632.htm\">new twist in the Sprott Silver Battle<\/a>, but frankly &#8211; it&#8217;s late and I&#8217;m tired. So today, folks, all you&#8217;re getting is the barest of bare bones.<\/p>\n<table border='1'>\n<tr>\n<td colspan='8'><strong>HIMIPref&trade; Preferred Indices<br \/>These values reflect the December 2008 revision of the HIMIPref&trade; Indices<\/strong><br \/>Values are provisional and are finalized monthly<\/td>\n<\/tr>\n<tr>\n<td>Index<\/td>\n<td>Mean<br \/>Current<br \/>Yield<br \/>(at bid)<\/td>\n<td>Median<br \/>YTW<\/td>\n<td>Median<br \/>Average<br \/>Trading<br \/>Value<\/td>\n<td>Median<br \/>Mod Dur<br \/>(YTW)<\/td>\n<td>Issues<\/td>\n<td>Day&#8217;s Perf.<\/td>\n<td>Index Value<\/td>\n<\/tr>\n<tr>\n<td>Ratchet<\/td>\n<td>4.27 %<\/td>\n<td>5.12 %<\/td>\n<td>31,504<\/td>\n<td>17.68<\/td>\n<td>1<\/td>\n<td>0.0000 %<\/td>\n<td>1,819.2<\/td>\n<\/tr>\n<tr>\n<td>FixedFloater<\/td>\n<td>6.05 %<\/td>\n<td>5.29 %<\/td>\n<td>28,536<\/td>\n<td>17.17<\/td>\n<td>1<\/td>\n<td>0.1913 %<\/td>\n<td>3,227.2<\/td>\n<\/tr>\n<tr>\n<td>Floater<\/td>\n<td>3.88 %<\/td>\n<td>3.92 %<\/td>\n<td>68,686<\/td>\n<td>17.55<\/td>\n<td>3<\/td>\n<td>2.1229 %<\/td>\n<td>2,036.7<\/td>\n<\/tr>\n<tr>\n<td>OpRet<\/td>\n<td>4.84 %<\/td>\n<td>4.52 %<\/td>\n<td>32,765<\/td>\n<td>0.78<\/td>\n<td>1<\/td>\n<td>0.0395 %<\/td>\n<td>2,718.6<\/td>\n<\/tr>\n<tr>\n<td>SplitShare<\/td>\n<td>4.73 %<\/td>\n<td>5.60 %<\/td>\n<td>145,738<\/td>\n<td>4.37<\/td>\n<td>5<\/td>\n<td>0.1121 %<\/td>\n<td>3,212.9<\/td>\n<\/tr>\n<tr>\n<td>Interest-Bearing<\/td>\n<td>0.00 %<\/td>\n<td>0.00 %<\/td>\n<td>0<\/td>\n<td>0.00<\/td>\n<td>0<\/td>\n<td>0.1121 %<\/td>\n<td>2,506.8<\/td>\n<\/tr>\n<tr>\n<td>Perpetual-Premium<\/td>\n<td>5.82 %<\/td>\n<td>3.40 %<\/td>\n<td>88,415<\/td>\n<td>0.08<\/td>\n<td>6<\/td>\n<td>-0.0728 %<\/td>\n<td>2,498.4<\/td>\n<\/tr>\n<tr>\n<td>Perpetual-Discount<\/td>\n<td>5.53 %<\/td>\n<td>5.64 %<\/td>\n<td>83,047<\/td>\n<td>14.45<\/td>\n<td>33<\/td>\n<td>-0.2943 %<\/td>\n<td>2,586.3<\/td>\n<\/tr>\n<tr>\n<td>FixedReset<\/td>\n<td>4.81 %<\/td>\n<td>4.51 %<\/td>\n<td>225,507<\/td>\n<td>15.51<\/td>\n<td>76<\/td>\n<td>-1.0322 %<\/td>\n<td>2,127.0<\/td>\n<\/tr>\n<tr>\n<td>Deemed-Retractible<\/td>\n<td>5.18 %<\/td>\n<td>5.20 %<\/td>\n<td>108,826<\/td>\n<td>5.41<\/td>\n<td>34<\/td>\n<td>-0.1084 %<\/td>\n<td>2,582.3<\/td>\n<\/tr>\n<tr>\n<td>FloatingReset<\/td>\n<td>2.57 %<\/td>\n<td>3.89 %<\/td>\n<td>54,555<\/td>\n<td>5.78<\/td>\n<td>10<\/td>\n<td>-0.1782 %<\/td>\n<td>2,187.6<\/td>\n<\/tr>\n<\/table>\n<table border='1'>\n<tr>\n<td colspan='4'><strong>Performance Highlights<\/strong><\/td>\n<\/tr>\n<tr>\n<td>Issue<\/td>\n<td>Index<\/td>\n<td>Change<\/td>\n<td>Notes<\/td>\n<\/tr>\n<tr>\n<td>TRP.PR.G<\/td>\n<td>FixedReset<\/td>\n<td>-5.81 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2045-11-12<br \/>\nMaturity Price  : 20.41<br \/>\nEvaluated at bid price : 20.41<br \/>\nBid-YTW : 4.85 %<\/td>\n<\/tr>\n<tr>\n<td>FTS.PR.J<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-4.71 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2045-11-12<br \/>\nMaturity Price  : 21.03<br \/>\nEvaluated at bid price : 21.03<br \/>\nBid-YTW : 5.77 %<\/td>\n<\/tr>\n<tr>\n<td>HSE.PR.A<\/td>\n<td>FixedReset<\/td>\n<td>-3.68 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2045-11-12<br \/>\nMaturity Price  : 14.15<br \/>\nEvaluated at bid price : 14.15<br \/>\nBid-YTW : 5.06 %<\/td>\n<\/tr>\n<tr>\n<td>TRP.PR.D<\/td>\n<td>FixedReset<\/td>\n<td>-3.66 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2045-11-12<br \/>\nMaturity Price  : 18.69<br \/>\nEvaluated at bid price : 18.69<br \/>\nBid-YTW : 4.76 %<\/td>\n<\/tr>\n<tr>\n<td>TRP.PR.E<\/td>\n<td>FixedReset<\/td>\n<td>-3.58 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2045-11-12<br \/>\nMaturity Price  : 19.38<br \/>\nEvaluated at bid price : 19.38<br \/>\nBid-YTW : 4.64 %<\/td>\n<\/tr>\n<tr>\n<td>NA.PR.S<\/td>\n<td>FixedReset<\/td>\n<td>-3.44 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2045-11-12<br \/>\nMaturity Price  : 19.90<br \/>\nEvaluated at bid price : 19.90<br \/>\nBid-YTW : 4.50 %<\/td>\n<\/tr>\n<tr>\n<td>HSE.PR.C<\/td>\n<td>FixedReset<\/td>\n<td>-3.25 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2045-11-12<br \/>\nMaturity Price  : 21.40<br \/>\nEvaluated at bid price : 21.40<br \/>\nBid-YTW : 5.04 %<\/td>\n<\/tr>\n<tr>\n<td>MFC.PR.F<\/td>\n<td>FixedReset<\/td>\n<td>-2.97 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Hard Maturity<br \/>\nMaturity Date\t: 2025-01-31<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 14.70<br \/>\nBid-YTW : 9.50 %<\/td>\n<\/tr>\n<tr>\n<td>TRP.PR.A<\/td>\n<td>FixedReset<\/td>\n<td>-2.97 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2045-11-12<br \/>\nMaturity Price  : 16.01<br \/>\nEvaluated at bid price : 16.01<br \/>\nBid-YTW : 4.80 %<\/td>\n<\/tr>\n<tr>\n<td>MFC.PR.L<\/td>\n<td>FixedReset<\/td>\n<td>-2.81 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Hard Maturity<br \/>\nMaturity Date\t: 2025-01-31<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 20.07<br \/>\nBid-YTW : 6.50 %<\/td>\n<\/tr>\n<tr>\n<td>MFC.PR.K<\/td>\n<td>FixedReset<\/td>\n<td>-2.67 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Hard Maturity<br \/>\nMaturity Date\t: 2025-01-31<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 20.03<br \/>\nBid-YTW : 6.45 %<\/td>\n<\/tr>\n<tr>\n<td>IFC.PR.A<\/td>\n<td>FixedReset<\/td>\n<td>-2.65 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Hard Maturity<br \/>\nMaturity Date\t: 2025-01-31<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 16.55<br \/>\nBid-YTW : 8.74 %<\/td>\n<\/tr>\n<tr>\n<td>TRP.PR.H<\/td>\n<td>FloatingReset<\/td>\n<td>-2.45 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2045-11-12<br \/>\nMaturity Price  : 11.53<br \/>\nEvaluated at bid price : 11.53<br \/>\nBid-YTW : 3.68 %<\/td>\n<\/tr>\n<tr>\n<td>SLF.PR.H<\/td>\n<td>FixedReset<\/td>\n<td>-2.36 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Hard Maturity<br \/>\nMaturity Date\t: 2025-01-31<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 18.65<br \/>\nBid-YTW : 7.19 %<\/td>\n<\/tr>\n<tr>\n<td>FTS.PR.H<\/td>\n<td>FixedReset<\/td>\n<td>-2.31 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2045-11-12<br \/>\nMaturity Price  : 14.36<br \/>\nEvaluated at bid price : 14.36<br \/>\nBid-YTW : 4.41 %<\/td>\n<\/tr>\n<tr>\n<td>NA.PR.W<\/td>\n<td>FixedReset<\/td>\n<td>-2.14 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2045-11-12<br \/>\nMaturity Price  : 19.67<br \/>\nEvaluated at bid price : 19.67<br \/>\nBid-YTW : 4.38 %<\/td>\n<\/tr>\n<tr>\n<td>TD.PF.D<\/td>\n<td>FixedReset<\/td>\n<td>-2.13 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2045-11-12<br \/>\nMaturity Price  : 22.00<br \/>\nEvaluated at bid price : 22.51<br \/>\nBid-YTW : 4.18 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PF.E<\/td>\n<td>FixedReset<\/td>\n<td>-2.10 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2045-11-12<br \/>\nMaturity Price  : 20.56<br \/>\nEvaluated at bid price : 20.56<br \/>\nBid-YTW : 4.67 %<\/td>\n<\/tr>\n<tr>\n<td>MFC.PR.N<\/td>\n<td>FixedReset<\/td>\n<td>-1.87 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Hard Maturity<br \/>\nMaturity Date\t: 2025-01-31<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 20.95<br \/>\nBid-YTW : 6.00 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PR.Z<\/td>\n<td>FixedReset<\/td>\n<td>-1.84 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2045-11-12<br \/>\nMaturity Price  : 21.36<br \/>\nEvaluated at bid price : 21.36<br \/>\nBid-YTW : 4.87 %<\/td>\n<\/tr>\n<tr>\n<td>SLF.PR.G<\/td>\n<td>FixedReset<\/td>\n<td>-1.70 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Hard Maturity<br \/>\nMaturity Date\t: 2025-01-31<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 15.00<br \/>\nBid-YTW : 8.85 %<\/td>\n<\/tr>\n<tr>\n<td>TRP.PR.F<\/td>\n<td>FloatingReset<\/td>\n<td>-1.68 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2045-11-12<br \/>\nMaturity Price  : 14.65<br \/>\nEvaluated at bid price : 14.65<br \/>\nBid-YTW : 4.00 %<\/td>\n<\/tr>\n<tr>\n<td>CM.PR.P<\/td>\n<td>FixedReset<\/td>\n<td>-1.61 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2045-11-12<br \/>\nMaturity Price  : 19.59<br \/>\nEvaluated at bid price : 19.59<br \/>\nBid-YTW : 4.36 %<\/td>\n<\/tr>\n<tr>\n<td>BIP.PR.A<\/td>\n<td>FixedReset<\/td>\n<td>-1.60 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2045-11-12<br \/>\nMaturity Price  : 21.73<br \/>\nEvaluated at bid price : 22.11<br \/>\nBid-YTW : 5.22 %<\/td>\n<\/tr>\n<tr>\n<td>MFC.PR.J<\/td>\n<td>FixedReset<\/td>\n<td>-1.51 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Hard Maturity<br \/>\nMaturity Date\t: 2025-01-31<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 22.21<br \/>\nBid-YTW : 5.41 %<\/td>\n<\/tr>\n<tr>\n<td>BMO.PR.W<\/td>\n<td>FixedReset<\/td>\n<td>-1.50 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2045-11-12<br \/>\nMaturity Price  : 19.64<br \/>\nEvaluated at bid price : 19.64<br \/>\nBid-YTW : 4.31 %<\/td>\n<\/tr>\n<tr>\n<td>MFC.PR.B<\/td>\n<td>Deemed-Retractible<\/td>\n<td>-1.47 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Hard Maturity<br \/>\nMaturity Date\t: 2025-01-31<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 21.52<br \/>\nBid-YTW : 6.85 %<\/td>\n<\/tr>\n<tr>\n<td>MFC.PR.H<\/td>\n<td>FixedReset<\/td>\n<td>-1.43 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Hard Maturity<br \/>\nMaturity Date\t: 2025-01-31<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 24.20<br \/>\nBid-YTW : 4.79 %<\/td>\n<\/tr>\n<tr>\n<td>TD.PF.B<\/td>\n<td>FixedReset<\/td>\n<td>-1.42 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2045-11-12<br \/>\nMaturity Price  : 20.07<br \/>\nEvaluated at bid price : 20.07<br \/>\nBid-YTW : 4.27 %<\/td>\n<\/tr>\n<tr>\n<td>TD.PR.Y<\/td>\n<td>FixedReset<\/td>\n<td>-1.41 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Hard Maturity<br \/>\nMaturity Date\t: 2022-01-31<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 23.81<br \/>\nBid-YTW : 4.05 %<\/td>\n<\/tr>\n<tr>\n<td>TD.PR.Z<\/td>\n<td>FloatingReset<\/td>\n<td>-1.41 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Hard Maturity<br \/>\nMaturity Date\t: 2022-01-31<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 22.45<br \/>\nBid-YTW : 3.89 %<\/td>\n<\/tr>\n<tr>\n<td>BMO.PR.T<\/td>\n<td>FixedReset<\/td>\n<td>-1.39 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2045-11-12<br \/>\nMaturity Price  : 19.84<br \/>\nEvaluated at bid price : 19.84<br \/>\nBid-YTW : 4.30 %<\/td>\n<\/tr>\n<tr>\n<td>TD.PF.C<\/td>\n<td>FixedReset<\/td>\n<td>-1.39 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2045-11-12<br \/>\nMaturity Price  : 19.86<br \/>\nEvaluated at bid price : 19.86<br \/>\nBid-YTW : 4.30 %<\/td>\n<\/tr>\n<tr>\n<td>MFC.PR.G<\/td>\n<td>FixedReset<\/td>\n<td>-1.37 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Hard Maturity<br \/>\nMaturity Date\t: 2025-01-31<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 23.09<br \/>\nBid-YTW : 5.16 %<\/td>\n<\/tr>\n<tr>\n<td>PWF.PR.T<\/td>\n<td>FixedReset<\/td>\n<td>-1.37 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2045-11-12<br \/>\nMaturity Price  : 22.02<br \/>\nEvaluated at bid price : 22.39<br \/>\nBid-YTW : 3.95 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PF.H<\/td>\n<td>FixedReset<\/td>\n<td>-1.34 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Call<br \/>\nMaturity Date\t: 2020-12-31<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 25.85<br \/>\nBid-YTW : 4.40 %<\/td>\n<\/tr>\n<tr>\n<td>RY.PR.Z<\/td>\n<td>FixedReset<\/td>\n<td>-1.17 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2045-11-12<br \/>\nMaturity Price  : 20.24<br \/>\nEvaluated at bid price : 20.24<br \/>\nBid-YTW : 4.20 %<\/td>\n<\/tr>\n<tr>\n<td>TRP.PR.C<\/td>\n<td>FixedReset<\/td>\n<td>-1.14 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2045-11-12<br \/>\nMaturity Price  : 13.85<br \/>\nEvaluated at bid price : 13.85<br \/>\nBid-YTW : 4.69 %<\/td>\n<\/tr>\n<tr>\n<td>IFC.PR.C<\/td>\n<td>FixedReset<\/td>\n<td>-1.13 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Hard Maturity<br \/>\nMaturity Date\t: 2025-01-31<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 20.12<br \/>\nBid-YTW : 6.73 %<\/td>\n<\/tr>\n<tr>\n<td>RY.PR.H<\/td>\n<td>FixedReset<\/td>\n<td>-1.13 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2045-11-12<br \/>\nMaturity Price  : 20.13<br \/>\nEvaluated at bid price : 20.13<br \/>\nBid-YTW : 4.26 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PF.G<\/td>\n<td>FixedReset<\/td>\n<td>-1.12 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2045-11-12<br \/>\nMaturity Price  : 21.65<br \/>\nEvaluated at bid price : 22.00<br \/>\nBid-YTW : 4.62 %<\/td>\n<\/tr>\n<tr>\n<td>CU.PR.H<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-1.12 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2045-11-12<br \/>\nMaturity Price  : 23.48<br \/>\nEvaluated at bid price : 23.80<br \/>\nBid-YTW : 5.52 %<\/td>\n<\/tr>\n<tr>\n<td>BNS.PR.P<\/td>\n<td>FixedReset<\/td>\n<td>-1.10 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Hard Maturity<br \/>\nMaturity Date\t: 2022-01-31<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 24.27<br \/>\nBid-YTW : 3.76 %<\/td>\n<\/tr>\n<tr>\n<td>W.PR.J<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-1.10 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2045-11-12<br \/>\nMaturity Price  : 24.07<br \/>\nEvaluated at bid price : 24.33<br \/>\nBid-YTW : 5.81 %<\/td>\n<\/tr>\n<tr>\n<td>TD.PF.A<\/td>\n<td>FixedReset<\/td>\n<td>-1.08 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2045-11-12<br \/>\nMaturity Price  : 20.08<br \/>\nEvaluated at bid price : 20.08<br \/>\nBid-YTW : 4.27 %<\/td>\n<\/tr>\n<tr>\n<td>GWO.PR.R<\/td>\n<td>Deemed-Retractible<\/td>\n<td>-1.08 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Hard Maturity<br \/>\nMaturity Date\t: 2025-01-31<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 22.07<br \/>\nBid-YTW : 6.64 %<\/td>\n<\/tr>\n<tr>\n<td>RY.PR.J<\/td>\n<td>FixedReset<\/td>\n<td>-1.03 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2045-11-12<br \/>\nMaturity Price  : 21.76<br \/>\nEvaluated at bid price : 22.15<br \/>\nBid-YTW : 4.20 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PR.C<\/td>\n<td>Floater<\/td>\n<td>1.26 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2045-11-12<br \/>\nMaturity Price  : 12.05<br \/>\nEvaluated at bid price : 12.05<br \/>\nBid-YTW : 3.96 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PR.T<\/td>\n<td>FixedReset<\/td>\n<td>1.37 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2045-11-12<br \/>\nMaturity Price  : 18.50<br \/>\nEvaluated at bid price : 18.50<br \/>\nBid-YTW : 4.73 %<\/td>\n<\/tr>\n<tr>\n<td>TD.PR.T<\/td>\n<td>FloatingReset<\/td>\n<td>1.78 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Hard Maturity<br \/>\nMaturity Date\t: 2022-01-31<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 22.90<br \/>\nBid-YTW : 3.46 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PR.X<\/td>\n<td>FixedReset<\/td>\n<td>2.02 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2045-11-12<br \/>\nMaturity Price  : 16.18<br \/>\nEvaluated at bid price : 16.18<br \/>\nBid-YTW : 4.70 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PR.K<\/td>\n<td>Floater<\/td>\n<td>2.18 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2045-11-12<br \/>\nMaturity Price  : 12.16<br \/>\nEvaluated at bid price : 12.16<br \/>\nBid-YTW : 3.92 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PR.B<\/td>\n<td>Floater<\/td>\n<td>2.92 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2045-11-12<br \/>\nMaturity Price  : 12.35<br \/>\nEvaluated at bid price : 12.35<br \/>\nBid-YTW : 3.86 %<\/td>\n<\/tr>\n<\/table>\n<table border='1'>\n<tr>\n<td colspan='4'><strong>Volume Highlights<\/strong><\/td>\n<\/tr>\n<tr>\n<td>Issue<\/td>\n<td>Index<\/td>\n<td>Shares<br \/>Traded<\/td>\n<td>Notes<\/td>\n<\/tr>\n<tr>\n<td>BAM.PF.H<\/td>\n<td>FixedReset<\/td>\n<td>82,443<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Call<br \/>\nMaturity Date\t: 2020-12-31<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 25.85<br \/>\nBid-YTW : 4.40 %<\/td>\n<\/tr>\n<tr>\n<td>CU.PR.I<\/td>\n<td>FixedReset<\/td>\n<td>70,396<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Call<br \/>\nMaturity Date\t: 2020-12-01<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 25.65<br \/>\nBid-YTW : 3.90 %<\/td>\n<\/tr>\n<tr>\n<td>RY.PR.H<\/td>\n<td>FixedReset<\/td>\n<td>65,246<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2045-11-12<br \/>\nMaturity Price  : 20.13<br \/>\nEvaluated at bid price : 20.13<br \/>\nBid-YTW : 4.26 %<\/td>\n<\/tr>\n<tr>\n<td>TD.PF.B<\/td>\n<td>FixedReset<\/td>\n<td>52,666<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2045-11-12<br \/>\nMaturity Price  : 20.07<br \/>\nEvaluated at bid price : 20.07<br \/>\nBid-YTW : 4.27 %<\/td>\n<\/tr>\n<tr>\n<td>TD.PF.C<\/td>\n<td>FixedReset<\/td>\n<td>33,606<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2045-11-12<br \/>\nMaturity Price  : 19.86<br \/>\nEvaluated at bid price : 19.86<br \/>\nBid-YTW : 4.30 %<\/td>\n<\/tr>\n<tr>\n<td>BMO.PR.W<\/td>\n<td>FixedReset<\/td>\n<td>33,404<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2045-11-12<br \/>\nMaturity Price  : 19.64<br \/>\nEvaluated at bid price : 19.64<br \/>\nBid-YTW : 4.31 %<\/td>\n<\/tr>\n<tr>\n<td colspan='4'>There were 45 other index-included issues trading in excess of 10,000 shares.<\/td>\n<\/tr>\n<\/table>\n<table border='1'>\n<tr>\n<td colspan='3'><strong>Wide Spread Highlights<\/strong><\/td>\n<\/tr>\n<tr>\n<td>Issue<\/td>\n<td>Index<\/td>\n<td>Quote Data and Yield Notes<\/td>\n<\/tr>\n<tr>\n<td>FTS.PR.J<\/td>\n<td>Perpetual-Discount<\/td>\n<td>Quote: 21.03 &#8211; 22.23<br \/>\nSpot Rate  :  1.2000<br \/>\nAverage  :  0.7292<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2045-11-12<br \/>\nMaturity Price  : 21.03<br \/>\nEvaluated at bid price : 21.03<br \/>\nBid-YTW : 5.77 %<\/td>\n<\/tr>\n<tr>\n<td>ELF.PR.H<\/td>\n<td>Perpetual-Discount<\/td>\n<td>Quote: 24.25 &#8211; 25.00<br \/>\nSpot Rate  :  0.7500<br \/>\nAverage  :  0.5031<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2045-11-12<br \/>\nMaturity Price  : 23.77<br \/>\nEvaluated at bid price : 24.25<br \/>\nBid-YTW : 5.71 %<\/td>\n<\/tr>\n<tr>\n<td>TRP.PR.A<\/td>\n<td>FixedReset<\/td>\n<td>Quote: 16.01 &#8211; 16.70<br \/>\nSpot Rate  :  0.6900<br \/>\nAverage  :  0.5199<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2045-11-12<br \/>\nMaturity Price  : 16.01<br \/>\nEvaluated at bid price : 16.01<br \/>\nBid-YTW : 4.80 %<\/td>\n<\/tr>\n<tr>\n<td>MFC.PR.B<\/td>\n<td>Deemed-Retractible<\/td>\n<td>Quote: 21.52 &#8211; 21.99<br \/>\nSpot Rate  :  0.4700<br \/>\nAverage  :  0.3328<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Hard Maturity<br \/>\nMaturity Date\t: 2025-01-31<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 21.52<br \/>\nBid-YTW : 6.85 %<\/td>\n<\/tr>\n<tr>\n<td>RY.PR.N<\/td>\n<td>Perpetual-Discount<\/td>\n<td>Quote: 23.65 &#8211; 24.00<br \/>\nSpot Rate  :  0.3500<br \/>\nAverage  :  0.2182<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2045-11-12<br \/>\nMaturity Price  : 23.35<br \/>\nEvaluated at bid price : 23.65<br \/>\nBid-YTW : 5.18 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PR.R<\/td>\n<td>FixedReset<\/td>\n<td>Quote: 16.44 &#8211; 16.92<br \/>\nSpot Rate  :  0.4800<br \/>\nAverage  :  0.3534<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2045-11-12<br \/>\nMaturity Price  : 16.44<br \/>\nEvaluated at bid price : 16.44<br \/>\nBid-YTW : 5.26 %<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>There were a few things I wanted to discuss in today&#8217;s post, notably Six Strange Things That Have Been Happening in Financial Markets and a new twist in the Sprott Silver Battle, but frankly &#8211; &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15],"tags":[],"class_list":["post-31233","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/31233","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=31233"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/31233\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=31233"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=31233"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=31233"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}