{"id":31479,"date":"2015-12-08T04:09:39","date_gmt":"2015-12-08T09:09:39","guid":{"rendered":"http:\/\/prefblog.com\/?p=31479"},"modified":"2015-12-08T04:09:39","modified_gmt":"2015-12-08T09:09:39","slug":"december-7-2015","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=31479","title":{"rendered":"December 7, 2015"},"content":{"rendered":"

Oil got whacked today<\/a>:<\/p>\n

Oil fell to the lowest level in more than six years amid speculation that a record global glut will be prolonged after OPEC effectively abandoned its longtime strategy of limiting output to control prices.
…<\/b>
West Texas Intermediate for January delivery sank $2.32, or 5.8 percent, to settle at $37.65 a barrel on the New York Mercantile Exchange, the lowest close since February 2009. The volume of all futures traded was 63 percent above the 100-day average at 2:40 p.m.
…<\/b>
Tumbling oil helped spur a rout in energy stocks, which were the worst performers on the Standard & Poor\u2019s 500 Index. Williams Cos., a pipeline company, dropped 17 percent, making it the worst performer on the S&P 500 Monday. Exxon Mobil Corp. and Chevron Corp., the biggest U.S. energy producers, fell 2.9 percent and 2.6 percent, respectively. The pain wasn\u2019t limited to the U.S., as BP Plc slipped 3.4 percent and Royal Dutch Shell Plc decreased 4.2 percent.<\/p><\/blockquote>\n

Other places, too<\/a>!<\/p>\n

Oil\u2019s struggles mean more suffering for the Canadian dollar. It fell .84 of a cent to 74 cents (U.S.) on Monday, its lowest since June of 2004. Energy products represented roughly a quarter of Canada\u2019s exports last year, and oil\u2019s slump has been the key factor in the loonie\u2019s 21-per-cent nosedive against its U.S. counterpart since the middle of 2014.
…<\/b>
The Toronto Stock Exchange\u2019s oil and gas index tumbled 6 per cent, the main factor in a 2.4-per-cent slide in the S&P\/TSX composite index. Energy stocks make up nearly a fifth of the composite index. Companies with the highest debt levels and focus on oil took the biggest hits. Penn West Petroleum Ltd. sank nearly18 per cent, and Baytex Energy Corp. fell 17 per cent.<\/p><\/blockquote>\n

Things may seem bleak, but take heart! There’s some more drone news today<\/a>:<\/p>\n

The ranks of older and frail adults are growing rapidly in the developed world, raising alarms about how society is going to help them take care of themselves in their own homes.<\/p>\n

Naira Hovakimyan has an idea: drones.<\/p>\n

The University of Illinois roboticist recently received a $1.5 million grant from the National Science Foundation to explore the idea of designing small autonomous drones to perform simple household chores, like retrieving a bottle of medicine from another room. Dr. Hovakimyan acknowledged that the idea might seem off-putting to many, but she believes that drones not only will be safe, but will become an everyday fixture in elder care within a decade or two.<\/p><\/blockquote>\n

And for preferred share investors … <\/p>\n

\"00GasExplosionOilField\"<\/a>
Click for Big<\/i><\/div>\n

It was a horrible day for the Canadian preferred share market, with PerpetualDiscounts losing 124bp, FixedResets down 99bp and DeemedRetractibles off 9bp. Let’s just not talk about the Performance Highlights table, OK? Volume was very, very extremely much huge, enlivened by a stack of after-hours contingent crosses by Nesbitt.<\/p>\n

For those keeping score, TXPR is now down about 4.12% on the month to date and is now down to October 19 levels – about 4.23% above the low of October 14.<\/p>\n

TXPL is down about 5.33% on the month to date and is also down to October 19 levels – about 4.52% above the October 14 low.<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
HIMIPref™ Preferred Indices
These values reflect the December 2008 revision of the HIMIPref™ Indices<\/strong>
Values are provisional and are finalized monthly<\/td>\n<\/tr>\n
Index<\/td>\nMean
Current
Yield
(at bid)<\/td>\n		Median
YTW<\/td>\n		Median
Average
Trading
Value<\/td>\n		Median
Mod Dur
(YTW)<\/td>\n		Issues<\/td>\nDay’s Perf.<\/td>\nIndex Value<\/td>\n<\/tr>\n
Ratchet<\/td>\n5.04 %<\/td>\n6.12 %<\/td>\n35,311<\/td>\n16.51<\/td>\n1<\/td>\n-9.0909 %<\/td>\n1,540.9<\/td>\n<\/tr>\n
FixedFloater<\/td>\n6.86 %<\/td>\n6.07 %<\/td>\n31,670<\/td>\n16.18<\/td>\n1<\/td>\n-4.6143 %<\/td>\n2,845.1<\/td>\n<\/tr>\n
Floater<\/td>\n4.30 %<\/td>\n4.50 %<\/td>\n74,465<\/td>\n16.34<\/td>\n4<\/td>\n-1.2573 %<\/td>\n1,761.9<\/td>\n<\/tr>\n
OpRet<\/td>\n4.86 %<\/td>\n4.02 %<\/td>\n29,400<\/td>\n0.72<\/td>\n1<\/td>\n-0.0397 %<\/td>\n2,736.5<\/td>\n<\/tr>\n
SplitShare<\/td>\n4.80 %<\/td>\n5.50 %<\/td>\n85,917<\/td>\n2.87<\/td>\n6<\/td>\n-0.1839 %<\/td>\n3,212.3<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.1839 %<\/td>\n2,506.4<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.81 %<\/td>\n5.84 %<\/td>\n88,033<\/td>\n14.00<\/td>\n7<\/td>\n-0.3412 %<\/td>\n2,493.2<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n5.73 %<\/td>\n5.81 %<\/td>\n99,680<\/td>\n14.15<\/td>\n33<\/td>\n-1.2382 %<\/td>\n2,498.5<\/td>\n<\/tr>\n
FixedReset<\/td>\n5.28 %<\/td>\n4.85 %<\/td>\n232,665<\/td>\n14.77<\/td>\n77<\/td>\n-0.9915 %<\/td>\n1,951.0<\/td>\n<\/tr>\n
Deemed-Retractible<\/td>\n5.25 %<\/td>\n5.34 %<\/td>\n130,657<\/td>\n5.34<\/td>\n33<\/td>\n-0.0855 %<\/td>\n2,552.0<\/td>\n<\/tr>\n
FloatingReset<\/td>\n2.75 %<\/td>\n3.95 %<\/td>\n62,476<\/td>\n5.71<\/td>\n11<\/td>\n-0.5768 %<\/td>\n2,140.0<\/td>\n<\/tr>\n<\/table>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Performance Highlights<\/strong><\/td>\n<\/tr>\n
Issue<\/td>\nIndex<\/td>\nChange<\/td>\nNotes<\/td>\n<\/tr>\n
BAM.PR.E<\/td>\nRatchet<\/td>\n-9.09 %<\/td>\nSort-of reasonable, as the issue traded 4,600 shares in a range of 13.35-14.50 before closing at 13.50-14.59, 3×5. There were only five trades after 2:30pm, totaling 1400 shares, commencing with a trade at 14.10 and sporadically declining to 13.35. The VWAP was 14.21. I have not checked whether this lamentable state of affairs is due to inadequate Toronto Stock Exchange reporting<\/a> or inadequate Toronto Stock Exchange supervision of market-makers<\/a>.
\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2045-12-07
\nMaturity Price : 25.00
\nEvaluated at bid price : 13.50
\nBid-YTW : 6.12 %<\/td>\n<\/tr>\n
MFC.PR.L<\/td>\nFixedReset<\/td>\n-6.65 %<\/td>\nNot entirely unreasonable, since the issue traded 18,101 shares in a range of 17.40-18.64 before closing at 17.42-74, 3×1. VWAP was 17.96.
\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 17.42
\nBid-YTW : 8.23 %<\/td>\n<\/tr>\n
ELF.PR.H<\/td>\nPerpetual-Discount<\/td>\n-6.26 %<\/td>\nRidiculous, as the issue traded 6,528 shares in a range of 23.25-97 before closing at 22.03-00, 5×3. VWAP was 23.47. I have not checked whether this lamentable state of affairs is due to inadequate Toronto Stock Exchange reporting<\/a> or inadequate Toronto Stock Exchange supervision of market-makers<\/a>.
\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2045-12-07
\nMaturity Price : 21.74
\nEvaluated at bid price : 22.03
\nBid-YTW : 6.34 %<\/td>\n<\/tr>\n
HSE.PR.C<\/td>\nFixedReset<\/td>\n-5.79 %<\/td>\nEntirely reasonable, as the issue traded 19,063 shares in a range of 18.57-19.86 before closing at 18.70-26, 1×1. VWAP was 19.17; There were quite a few trades below the closing bid after 3:30pm.
\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2045-12-07
\nMaturity Price : 18.70
\nEvaluated at bid price : 18.70
\nBid-YTW : 5.54 %<\/td>\n<\/tr>\n
BAM.PR.G<\/td>\nFixedFloater<\/td>\n-4.61 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2045-12-07
\nMaturity Price : 25.00
\nEvaluated at bid price : 13.85
\nBid-YTW : 6.07 %<\/td>\n<\/tr>\n
SLF.PR.I<\/td>\nFixedReset<\/td>\n-4.08 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 19.30
\nBid-YTW : 7.12 %<\/td>\n<\/tr>\n
TRP.PR.G<\/td>\nFixedReset<\/td>\n-4.01 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2045-12-07
\nMaturity Price : 18.68
\nEvaluated at bid price : 18.68
\nBid-YTW : 5.17 %<\/td>\n<\/tr>\n
MFC.PR.N<\/td>\nFixedReset<\/td>\n-3.94 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 18.54
\nBid-YTW : 7.48 %<\/td>\n<\/tr>\n
MFC.PR.M<\/td>\nFixedReset<\/td>\n-3.88 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 18.60
\nBid-YTW : 7.51 %<\/td>\n<\/tr>\n
IFC.PR.A<\/td>\nFixedReset<\/td>\n-3.77 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 15.06
\nBid-YTW : 9.94 %<\/td>\n<\/tr>\n
ELF.PR.F<\/td>\nPerpetual-Discount<\/td>\n-3.02 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2045-12-07
\nMaturity Price : 21.91
\nEvaluated at bid price : 22.15
\nBid-YTW : 6.07 %<\/td>\n<\/tr>\n
HSE.PR.E<\/td>\nFixedReset<\/td>\n-2.94 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2045-12-07
\nMaturity Price : 20.15
\nEvaluated at bid price : 20.15
\nBid-YTW : 5.56 %<\/td>\n<\/tr>\n
FTS.PR.M<\/td>\nFixedReset<\/td>\n-2.84 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2045-12-07
\nMaturity Price : 18.12
\nEvaluated at bid price : 18.12
\nBid-YTW : 4.90 %<\/td>\n<\/tr>\n
CU.PR.H<\/td>\nPerpetual-Discount<\/td>\n-2.78 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2045-12-07
\nMaturity Price : 22.08
\nEvaluated at bid price : 22.41
\nBid-YTW : 5.89 %<\/td>\n<\/tr>\n
MFC.PR.I<\/td>\nFixedReset<\/td>\n-2.74 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 20.20
\nBid-YTW : 6.75 %<\/td>\n<\/tr>\n
VNR.PR.A<\/td>\nFixedReset<\/td>\n-2.65 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2045-12-07
\nMaturity Price : 18.01
\nEvaluated at bid price : 18.01
\nBid-YTW : 5.32 %<\/td>\n<\/tr>\n
TD.PF.E<\/td>\nFixedReset<\/td>\n-2.64 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2045-12-07
\nMaturity Price : 20.69
\nEvaluated at bid price : 20.69
\nBid-YTW : 4.58 %<\/td>\n<\/tr>\n
TRP.PR.H<\/td>\nFloatingReset<\/td>\n-2.53 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2045-12-07
\nMaturity Price : 10.00
\nEvaluated at bid price : 10.00
\nBid-YTW : 4.27 %<\/td>\n<\/tr>\n
SLF.PR.H<\/td>\nFixedReset<\/td>\n-2.49 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 16.43
\nBid-YTW : 8.62 %<\/td>\n<\/tr>\n
HSE.PR.G<\/td>\nFixedReset<\/td>\n-2.35 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2045-12-07
\nMaturity Price : 20.80
\nEvaluated at bid price : 20.80
\nBid-YTW : 5.37 %<\/td>\n<\/tr>\n
MFC.PR.G<\/td>\nFixedReset<\/td>\n-2.28 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 20.10
\nBid-YTW : 6.78 %<\/td>\n<\/tr>\n
BAM.PR.N<\/td>\nPerpetual-Discount<\/td>\n-2.27 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2045-12-07
\nMaturity Price : 19.37
\nEvaluated at bid price : 19.37
\nBid-YTW : 6.26 %<\/td>\n<\/tr>\n
PWF.PR.A<\/td>\nFloater<\/td>\n-2.08 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2045-12-07
\nMaturity Price : 12.25
\nEvaluated at bid price : 12.25
\nBid-YTW : 3.88 %<\/td>\n<\/tr>\n
IAG.PR.A<\/td>\nDeemed-Retractible<\/td>\n-1.98 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 20.75
\nBid-YTW : 7.16 %<\/td>\n<\/tr>\n
BAM.PF.C<\/td>\nPerpetual-Discount<\/td>\n-1.94 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2045-12-07
\nMaturity Price : 19.68
\nEvaluated at bid price : 19.68
\nBid-YTW : 6.29 %<\/td>\n<\/tr>\n
BIP.PR.A<\/td>\nFixedReset<\/td>\n-1.94 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2045-12-07
\nMaturity Price : 19.76
\nEvaluated at bid price : 19.76
\nBid-YTW : 5.66 %<\/td>\n<\/tr>\n
PWF.PR.R<\/td>\nPerpetual-Discount<\/td>\n-1.86 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2045-12-07
\nMaturity Price : 23.27
\nEvaluated at bid price : 23.70
\nBid-YTW : 5.86 %<\/td>\n<\/tr>\n
TRP.PR.E<\/td>\nFixedReset<\/td>\n-1.84 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2045-12-07
\nMaturity Price : 18.11
\nEvaluated at bid price : 18.11
\nBid-YTW : 4.83 %<\/td>\n<\/tr>\n
BAM.PR.X<\/td>\nFixedReset<\/td>\n-1.84 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2045-12-07
\nMaturity Price : 13.86
\nEvaluated at bid price : 13.86
\nBid-YTW : 5.29 %<\/td>\n<\/tr>\n
CU.PR.C<\/td>\nFixedReset<\/td>\n-1.79 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2045-12-07
\nMaturity Price : 17.55
\nEvaluated at bid price : 17.55
\nBid-YTW : 4.80 %<\/td>\n<\/tr>\n
MFC.PR.H<\/td>\nFixedReset<\/td>\n-1.76 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 21.23
\nBid-YTW : 6.31 %<\/td>\n<\/tr>\n
POW.PR.D<\/td>\nPerpetual-Discount<\/td>\n-1.76 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2045-12-07
\nMaturity Price : 21.56
\nEvaluated at bid price : 21.82
\nBid-YTW : 5.81 %<\/td>\n<\/tr>\n
FTS.PR.K<\/td>\nFixedReset<\/td>\n-1.73 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2045-12-07
\nMaturity Price : 17.00
\nEvaluated at bid price : 17.00
\nBid-YTW : 4.62 %<\/td>\n<\/tr>\n
BAM.PR.M<\/td>\nPerpetual-Discount<\/td>\n-1.72 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2045-12-07
\nMaturity Price : 19.47
\nEvaluated at bid price : 19.47
\nBid-YTW : 6.23 %<\/td>\n<\/tr>\n
BAM.PF.D<\/td>\nPerpetual-Discount<\/td>\n-1.72 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2045-12-07
\nMaturity Price : 20.05
\nEvaluated at bid price : 20.05
\nBid-YTW : 6.24 %<\/td>\n<\/tr>\n
BAM.PR.C<\/td>\nFloater<\/td>\n-1.68 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2045-12-07
\nMaturity Price : 10.52
\nEvaluated at bid price : 10.52
\nBid-YTW : 4.55 %<\/td>\n<\/tr>\n
TRP.PR.B<\/td>\nFixedReset<\/td>\n-1.67 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2045-12-07
\nMaturity Price : 11.22
\nEvaluated at bid price : 11.22
\nBid-YTW : 4.83 %<\/td>\n<\/tr>\n
IFC.PR.C<\/td>\nFixedReset<\/td>\n-1.65 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 17.31
\nBid-YTW : 8.72 %<\/td>\n<\/tr>\n
CU.PR.D<\/td>\nPerpetual-Discount<\/td>\n-1.64 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2045-12-07
\nMaturity Price : 21.31
\nEvaluated at bid price : 21.58
\nBid-YTW : 5.71 %<\/td>\n<\/tr>\n
FTS.PR.H<\/td>\nFixedReset<\/td>\n-1.60 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2045-12-07
\nMaturity Price : 13.54
\nEvaluated at bid price : 13.54
\nBid-YTW : 4.42 %<\/td>\n<\/tr>\n
SLF.PR.G<\/td>\nFixedReset<\/td>\n-1.58 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 14.36
\nBid-YTW : 9.29 %<\/td>\n<\/tr>\n
PWF.PR.L<\/td>\nPerpetual-Discount<\/td>\n-1.46 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2045-12-07
\nMaturity Price : 22.03
\nEvaluated at bid price : 22.26
\nBid-YTW : 5.80 %<\/td>\n<\/tr>\n
MFC.PR.F<\/td>\nFixedReset<\/td>\n-1.36 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 14.46
\nBid-YTW : 9.37 %<\/td>\n<\/tr>\n
IAG.PR.G<\/td>\nFixedReset<\/td>\n-1.36 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 20.37
\nBid-YTW : 6.56 %<\/td>\n<\/tr>\n
HSE.PR.A<\/td>\nFixedReset<\/td>\n-1.35 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2045-12-07
\nMaturity Price : 12.38
\nEvaluated at bid price : 12.38
\nBid-YTW : 5.31 %<\/td>\n<\/tr>\n
PWF.PR.E<\/td>\nPerpetual-Discount<\/td>\n-1.33 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2045-12-07
\nMaturity Price : 23.41
\nEvaluated at bid price : 23.70
\nBid-YTW : 5.87 %<\/td>\n<\/tr>\n
PWF.PR.F<\/td>\nPerpetual-Discount<\/td>\n-1.31 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2045-12-07
\nMaturity Price : 22.28
\nEvaluated at bid price : 22.55
\nBid-YTW : 5.89 %<\/td>\n<\/tr>\n
CM.PR.P<\/td>\nFixedReset<\/td>\n-1.30 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2045-12-07
\nMaturity Price : 17.40
\nEvaluated at bid price : 17.40
\nBid-YTW : 4.77 %<\/td>\n<\/tr>\n
TRP.PR.D<\/td>\nFixedReset<\/td>\n-1.25 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2045-12-07
\nMaturity Price : 17.35
\nEvaluated at bid price : 17.35
\nBid-YTW : 4.98 %<\/td>\n<\/tr>\n
SLF.PR.C<\/td>\nDeemed-Retractible<\/td>\n-1.20 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 19.69
\nBid-YTW : 7.73 %<\/td>\n<\/tr>\n
CU.PR.E<\/td>\nPerpetual-Discount<\/td>\n-1.15 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2045-12-07
\nMaturity Price : 21.55
\nEvaluated at bid price : 21.55
\nBid-YTW : 5.73 %<\/td>\n<\/tr>\n
W.PR.J<\/td>\nPerpetual-Discount<\/td>\n-1.12 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2045-12-07
\nMaturity Price : 23.56
\nEvaluated at bid price : 23.83
\nBid-YTW : 5.96 %<\/td>\n<\/tr>\n
BNS.PR.A<\/td>\nFloatingReset<\/td>\n-1.12 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2022-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 23.00
\nBid-YTW : 3.92 %<\/td>\n<\/tr>\n
BAM.PF.G<\/td>\nFixedReset<\/td>\n-1.11 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2045-12-07
\nMaturity Price : 19.53
\nEvaluated at bid price : 19.53
\nBid-YTW : 5.13 %<\/td>\n<\/tr>\n
SLF.PR.E<\/td>\nDeemed-Retractible<\/td>\n-1.04 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 19.89
\nBid-YTW : 7.64 %<\/td>\n<\/tr>\n
ENB.PR.A<\/td>\nPerpetual-Discount<\/td>\n-1.04 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2045-12-07
\nMaturity Price : 23.48
\nEvaluated at bid price : 23.75
\nBid-YTW : 5.82 %<\/td>\n<\/tr>\n
POW.PR.A<\/td>\nPerpetual-Discount<\/td>\n-1.03 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2045-12-07
\nMaturity Price : 23.74
\nEvaluated at bid price : 24.05
\nBid-YTW : 5.91 %<\/td>\n<\/tr>\n
BAM.PF.H<\/td>\nFixedReset<\/td>\n1.07 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2020-12-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.57
\nBid-YTW : 4.72 %<\/td>\n<\/tr>\n
NA.PR.S<\/td>\nFixedReset<\/td>\n1.30 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2045-12-07
\nMaturity Price : 17.93
\nEvaluated at bid price : 17.93
\nBid-YTW : 4.85 %<\/td>\n<\/tr>\n
MFC.PR.B<\/td>\nDeemed-Retractible<\/td>\n1.67 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 20.72
\nBid-YTW : 7.26 %<\/td>\n<\/tr>\n
GWO.PR.N<\/td>\nFixedReset<\/td>\n1.96 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 13.51
\nBid-YTW : 9.97 %<\/td>\n<\/tr>\n
TRP.PR.C<\/td>\nFixedReset<\/td>\n2.50 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2045-12-07
\nMaturity Price : 12.30
\nEvaluated at bid price : 12.30
\nBid-YTW : 5.01 %<\/td>\n<\/tr>\n
GWO.PR.S<\/td>\nDeemed-Retractible<\/td>\n5.16 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 24.26
\nBid-YTW : 5.66 %<\/td>\n<\/tr>\n<\/table>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Volume Highlights<\/strong><\/td>\n<\/tr>\n
Issue<\/td>\nIndex<\/td>\nShares
Traded<\/td>\n		Notes<\/td>\n<\/tr>\n
BMO.PR.S<\/td>\nFixedReset<\/td>\n313,635<\/td>\nNesbitt crossed 293,800 at 18.82 after hours as a contingent cross<\/a>.
\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2045-12-07
\nMaturity Price : 18.75
\nEvaluated at bid price : 18.75
\nBid-YTW : 4.52 %<\/td>\n<\/tr>\n
MFC.PR.M<\/td>\nFixedReset<\/td>\n292,516<\/td>\nNesbitt crossed 274,100 at 18.60 after hours as a contingent cross<\/a>.
\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 18.60
\nBid-YTW : 7.51 %<\/td>\n<\/tr>\n
BAM.PF.G<\/td>\nFixedReset<\/td>\n271,995<\/td>\nNesbitt crossed 251,200 at 19.58 after hours as a contingent cross<\/a>.
\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2045-12-07
\nMaturity Price : 19.53
\nEvaluated at bid price : 19.53
\nBid-YTW : 5.13 %<\/td>\n<\/tr>\n
BAM.PF.F<\/td>\nFixedReset<\/td>\n265,625<\/td>\nNesbitt crossed 260,000 at 19.65 after hours as a contingent cross<\/a>.
\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2045-12-07
\nMaturity Price : 19.60
\nEvaluated at bid price : 19.60
\nBid-YTW : 5.09 %<\/td>\n<\/tr>\n
RY.PR.J<\/td>\nFixedReset<\/td>\n255,232<\/td>\nNesbitt crossed 228,400 at 19.83 after hours as a contingent cross<\/a>.
\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2045-12-07
\nMaturity Price : 19.75
\nEvaluated at bid price : 19.75
\nBid-YTW : 4.62 %<\/td>\n<\/tr>\n
FTS.PR.M<\/td>\nFixedReset<\/td>\n203,405<\/td>\nNesbitt crossed 184,800 at 18.40 after hours as a contingent cross<\/a>.
\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2045-12-07
\nMaturity Price : 18.12
\nEvaluated at bid price : 18.12
\nBid-YTW : 4.90 %<\/td>\n<\/tr>\n
BAM.PR.T<\/td>\nFixedReset<\/td>\n185,974<\/td>\nNesbitt crossed 166,400 at 15.43 after hours as a contingent cross<\/a>.
\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2045-12-07
\nMaturity Price : 15.30
\nEvaluated at bid price : 15.30
\nBid-YTW : 5.51 %<\/td>\n<\/tr>\n
POW.PR.G<\/td>\nPerpetual-Premium<\/td>\n184,737<\/td>\nNesbitt crossed 178,700 at 24.40 after hours as a contingent cross<\/a>.
\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2045-12-07
\nMaturity Price : 23.90
\nEvaluated at bid price : 24.39
\nBid-YTW : 5.81 %<\/td>\n<\/tr>\n
HSE.PR.E<\/td>\nFixedReset<\/td>\n171,252<\/td>\nNesbitt crossed 159,900 at 20.31 after hours as a contingent cross<\/a>.
\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2045-12-07
\nMaturity Price : 20.15
\nEvaluated at bid price : 20.15
\nBid-YTW : 5.56 %<\/td>\n<\/tr>\n
BAM.PR.N<\/td>\nPerpetual-Discount<\/td>\n168,241<\/td>\nNesbitt crossed 152,100 at 19.50 after hours as a contingent cross<\/a>.
\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2045-12-07
\nMaturity Price : 19.37
\nEvaluated at bid price : 19.37
\nBid-YTW : 6.26 %<\/td>\n<\/tr>\n
TRP.PR.D<\/td>\nFixedReset<\/td>\n154,478<\/td>\nRBC crossed 14,100 at 17.55. Desjardins crossed 101,600 at 17.29.
\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2045-12-07
\nMaturity Price : 17.35
\nEvaluated at bid price : 17.35
\nBid-YTW : 4.98 %<\/td>\n<\/tr>\n
CU.PR.H<\/td>\nPerpetual-Discount<\/td>\n150,827<\/td>\nNesbitt crossed 141,600 at 22.41 after hours as a contingent cross<\/a>.
\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2045-12-07
\nMaturity Price : 22.08
\nEvaluated at bid price : 22.41
\nBid-YTW : 5.89 %<\/td>\n<\/tr>\n
RY.PR.P<\/td>\nPerpetual-Discount<\/td>\n138,408<\/td>\nNesbitt crossed 137,000 at 24.79 after hours as a contingent cross<\/a>.
\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2045-12-07
\nMaturity Price : 24.41
\nEvaluated at bid price : 24.79
\nBid-YTW : 5.37 %<\/td>\n<\/tr>\n
BNS.PR.M<\/td>\nDeemed-Retractible<\/td>\n138,241<\/td>\nNesbitt crossed 126,500 at 25.01 after hours as a contingent cross<\/a>.
\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2022-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.01
\nBid-YTW : 4.60 %<\/td>\n<\/tr>\n
BNS.PR.L<\/td>\nDeemed-Retractible<\/td>\n135,762<\/td>\nNesbitt crossed 127,900 at 25.02 after hours as a contingent cross<\/a>.
\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2022-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.01
\nBid-YTW : 4.60 %<\/td>\n<\/tr>\n
RY.PR.F<\/td>\nDeemed-Retractible<\/td>\n124,132<\/td>\nRBC crossed 49,400 at 24.82. Nesbitt crossed 61,700 at 24.78 after hours as a contingent cross<\/a>.
\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2022-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 24.77
\nBid-YTW : 4.68 %<\/td>\n<\/tr>\n
BAM.PF.E<\/td>\nFixedReset<\/td>\n117,469<\/td>\nNesbitt crossed 102,700 at 18.74 after hours as a contingent cross<\/a>.
\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2045-12-07
\nMaturity Price : 18.37
\nEvaluated at bid price : 18.37
\nBid-YTW : 5.10 %<\/td>\n<\/tr>\n
TD.PF.F<\/td>\nPerpetual-Discount<\/td>\n117,273<\/td>\nNesbitt crossed 114,200 at 22.72 after hours as a contingent cross<\/a>.
\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2045-12-07
\nMaturity Price : 22.39
\nEvaluated at bid price : 22.69
\nBid-YTW : 5.45 %<\/td>\n<\/tr>\n
BAM.PR.Z<\/td>\nFixedReset<\/td>\n116,350<\/td>\nNesbitt crossed 89,700 at 19.72 after hours as a contingent cross<\/a>.
\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2045-12-07
\nMaturity Price : 19.56
\nEvaluated at bid price : 19.56
\nBid-YTW : 5.17 %<\/td>\n<\/tr>\n
GWO.PR.M<\/td>\nDeemed-Retractible<\/td>\n114,826<\/td>\nNesbitt crossed 106,200 at 25.20 after hours as a contingent cross<\/a>.
\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.20
\nBid-YTW : 5.67 %<\/td>\n<\/tr>\n
TRP.PR.E<\/td>\nFixedReset<\/td>\n112,153<\/td>\nDesjardins crossed 91,400 at 18.53.
\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2045-12-07
\nMaturity Price : 18.11
\nEvaluated at bid price : 18.11
\nBid-YTW : 4.83 %<\/td>\n<\/tr>\n
IGM.PR.B<\/td>\nPerpetual-Premium<\/td>\n110,292<\/td>\nNesbitt crossed 108,400 at 25.28 after hours as a contingent cross<\/a>.
\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2045-12-07
\nMaturity Price : 24.93
\nEvaluated at bid price : 25.28
\nBid-YTW : 5.90 %<\/td>\n<\/tr>\n
PWF.PR.G<\/td>\nPerpetual-Premium<\/td>\n109,903<\/td>\nNesbitt crossed 100,200 at 25.34 after hours as a contingent cross<\/a>.
\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2016-01-06
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.30
\nBid-YTW : -1.41 %<\/td>\n<\/tr>\n
BMO.PR.Z<\/td>\nPerpetual-Discount<\/td>\n109,414<\/td>\nNesbitt crossed 102,700 at 23.85 after hours as a contingent cross<\/a>.
\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2045-12-07
\nMaturity Price : 23.48
\nEvaluated at bid price : 23.80
\nBid-YTW : 5.28 %<\/td>\n<\/tr>\n
SLF.PR.B<\/td>\nDeemed-Retractible<\/td>\n108,170<\/td>\nNesbitt crossed 99,500 at 21.21 after hours as a contingent cross<\/a>.
\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 21.12
\nBid-YTW : 7.13 %<\/td>\n<\/tr>\n
MFC.PR.B<\/td>\nDeemed-Retractible<\/td>\n104,967<\/td>\nNesbitt crossed 99,100 at 20.75 after hours as a contingent cross<\/a>.
\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 20.72
\nBid-YTW : 7.26 %<\/td>\n<\/tr>\n
PWF.PR.K<\/td>\nPerpetual-Discount<\/td>\n104,603<\/td>\nNesbitt crossed 101,100 at 21.87 after hours as a contingent cross<\/a>.
\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2045-12-07
\nMaturity Price : 21.34
\nEvaluated at bid price : 21.61
\nBid-YTW : 5.79 %<\/td>\n<\/tr>\n
There were 68 other index-included issues trading in excess of 10,000 shares.<\/td>\n<\/tr>\n<\/table>\n\n\n\n\n\n\n\n\n\n
Wide Spread Highlights<\/strong><\/td>\n<\/tr>\n
Issue<\/td>\nIndex<\/td>\nQuote Data and Yield Notes<\/td>\n<\/tr>\n
VNR.PR.A<\/td>\nFixedReset<\/td>\nQuote: 18.01 – 19.00
\nSpot Rate : 0.9900
\nAverage : 0.6495<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2045-12-07
\nMaturity Price : 18.01
\nEvaluated at bid price : 18.01
\nBid-YTW : 5.32 %<\/td>\n<\/tr>\n

ELF.PR.H<\/td>\nPerpetual-Discount<\/td>\nQuote: 22.03 – 23.00
\nSpot Rate : 0.9700
\nAverage : 0.6410<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2045-12-07
\nMaturity Price : 21.74
\nEvaluated at bid price : 22.03
\nBid-YTW : 6.34 %<\/td>\n<\/tr>\n

HSE.PR.E<\/td>\nFixedReset<\/td>\nQuote: 20.15 – 20.98
\nSpot Rate : 0.8300
\nAverage : 0.6028<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2045-12-07
\nMaturity Price : 20.15
\nEvaluated at bid price : 20.15
\nBid-YTW : 5.56 %<\/td>\n<\/tr>\n

TD.PF.E<\/td>\nFixedReset<\/td>\nQuote: 20.69 – 21.35
\nSpot Rate : 0.6600
\nAverage : 0.4349<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2045-12-07
\nMaturity Price : 20.69
\nEvaluated at bid price : 20.69
\nBid-YTW : 4.58 %<\/td>\n<\/tr>\n

GWO.PR.M<\/td>\nDeemed-Retractible<\/td>\nQuote: 25.20 – 25.91
\nSpot Rate : 0.7100
\nAverage : 0.5014<\/p>\n

YTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.20
\nBid-YTW : 5.67 %<\/td>\n<\/tr>\n

BAM.PR.E<\/td>\nRatchet<\/td>\nQuote: 13.50 – 14.59
\nSpot Rate : 1.0900
\nAverage : 0.8896<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2045-12-07
\nMaturity Price : 25.00
\nEvaluated at bid price : 13.50
\nBid-YTW : 6.12 %<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Oil got whacked today: Oil fell to the lowest level in more than six years amid speculation that a record global glut will be prolonged after OPEC effectively abandoned its longtime strategy of limiting output …<\/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-31479","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/31479","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=31479"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/31479\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=31479"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=31479"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=31479"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}