{"id":32795,"date":"2016-03-22T22:39:34","date_gmt":"2016-03-23T03:39:34","guid":{"rendered":"http:\/\/prefblog.com\/?p=32795"},"modified":"2016-03-22T22:39:34","modified_gmt":"2016-03-23T03:39:34","slug":"march-22-2016","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=32795","title":{"rendered":"March 22, 2016"},"content":{"rendered":"<p>We&#8217;ve blown a lot of money in Ontari-ari-ari-o, but at least <a href=\"http:\/\/www.bloomberg.com\/news\/articles\/2016-03-22\/giant-solar-farm-seeks-backers-to-deliver-24-hour-power-in-chile\">the Chileans know how to make solar power useful<\/a>:<\/p>\n<blockquote><p>Valhalla Energia is seeking partners to build a 600-megawatt solar project in Chile that will incorporate hydropower to deliver energy 24 hours a day.<\/p>\n<p>The company is in talks with investors to raise as much as 40 percent of the estimated $1.3 billion needed for the project &#8212; $900 million for the solar component and $400 million for a 300-megawatt hydropower system &#8212; according to Juan Andres Camus, Santiago-based Valhalla\u2019s co-founder and chief executive officer. The rest will come from bank loans.<\/p>\n<p>\u201cWe are looking for sponsors that can be part of the project as equity,&#8221; Camus said in an interview in Santiago on March 18. &#8220;We are in advanced negotiations.&#8221;<\/p>\n<p>The Cielos de Tarapaca solar project aims to produce electricity around the clock, using an integrated solar and hydro system that pumps sea water uphill to a reservoir during the day and letting it flow through turbines at night.<\/p><\/blockquote>\n<p>And today&#8217;s equity tip is: <a href=\"http:\/\/www.livescience.com\/54110-graphene-patch-detects-blood-sugar-levels-in-sweat.html?cmpid=514627_20160322_59604116&#038;adbid=10153324336181761&#038;adbpl=fb&#038;adbpr=30478646760\">sell your hypodermic syringe manufacturing stock<\/a>:<\/p>\n<blockquote><p>A stick-on patch that tracks, and even regulates, blood sugar levels could be used by people with diabetes one day, according to a new study.<\/p>\n<p>Unlike finger pricking \u2014 the traditional method of monitoring levels of the blood sugar glucose \u2014 the new patch detects the levels of glucose in a person&#8217;s sweat. Research has shown that glucose levels in sweat accurately reflect glucose levels in the blood, the researchers said.<\/p>\n<p>The researchers also showed that the patch can deliver the diabetes drug metformin through the skin and that it can reduce high blood glucose levels in mice with diabetes.<\/p><\/blockquote>\n<p>Meanwhile, Fed governor Charles Evans took a <a href=\"http:\/\/www.bloomberg.com\/news\/articles\/2016-03-22\/evans-says-fed-rate-pause-appropriate-after-bumpy-start-to-2016\">dovish stance on policy rates<\/a>:<\/p>\n<blockquote><p>Federal Reserve Bank of Chicago President Charles Evans said policy makers rightly refrained from raising interest rates this month after a rocky start to the year clouded the economic outlook.<\/p>\n<p>\u201cThe rationale for no rate change in March is that economic and financial risks seem somewhat higher for 2016 than we had hoped back last December when we first began raising rates,\u201d Evans said Tuesday in a speech in Chicago. \u201cMost of the Federal Open Market Committee\u2019s cautionary pause in the rate normalization path is about assessing risks and just being careful.\u201d<\/p><\/blockquote>\n<p>There was a <a href=\"http:\/\/www.budget.gc.ca\/2016\/docs\/plan\/toc-tdm-en.html\">federal budget today<\/a>, which will be discussed by many more verbose people than me. So I&#8217;ll just say it&#8217;s pretty much as expected, with some <a href=\"http:\/\/www.theglobeandmail.com\/news\/politics\/trudeaus-first-budget-aims-to-spur-growth-with-29-billion-deficit\/article29335996\/\">stuff that looks halfway reasonable at first sight<\/a>:<\/p>\n<blockquote><p>The Liberals have set aside $11.9-billion for public transit, affordable housing, wastewater systems and $3.4-billion to upgrade parks, harbours, border crossings, federal airports and to clean up contaminated sites across the country.<\/p><\/blockquote>\n<p>&#8230;. but looks like a <a href=\"http:\/\/www.budget.gc.ca\/2016\/docs\/plan\/ch2-en.html#_Toc446106688\">ridiculous feel-good boondoggle<\/a> at second glance:<\/p>\n<div align=\"center\"><a href=\"http:\/\/prefblog.com\/wp-content\/uploads\/2016\/03\/12Billion_budget2016.png\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/prefblog.com\/wp-content\/uploads\/2016\/03\/12Billion_budget2016-300x188.png\" alt=\"12Billion_budget2016\" width=\"400\" height=\"251\" class=\"alignnone size-medium wp-image-32799\" \/><\/a><br \/><i>Click for Big<\/i><\/div>\n<p>&#8230; and some stuff which will be popular among morons, but is really just an <a href=\"http:\/\/www.theglobeandmail.com\/news\/politics\/trudeaus-first-budget-aims-to-spur-growth-with-29-billion-deficit\/article29335996\/\">exceptionally cruel way of ensuring the next generation is brought up in an isolated environment with no jobs, no hope, no future and nothing to do except drink<\/a>:<\/p>\n<blockquote><p>Prime Minister Justin Trudeau promised \u201chistoric investments\u201d to First Nations and the budget followed through with $8.4-billion for education, housing and clean drinking water.<\/p><\/blockquote>\n<p>&#8230; the return of the <a href=\"http:\/\/www.budget.gc.ca\/2016\/docs\/plan\/ch8-en.html#_Toc446106866\">Subsidies For Sleazebags Programme<\/a>:<\/p>\n<blockquote><p>To facilitate access to venture capital for small and medium-sized businesses and support saving by the middle class, Budget 2016 proposes to restore the Labour-Sponsored Venture Capital Corporations (LSVCC) tax credit to 15 per cent for share purchases of provincially registered LSVCCs for 2016 and subsequent tax years. The measure will provide federal tax relief of about $815 million over the 2015\u201316 to 2020\u201321 period.<\/p><\/blockquote>\n<p>The proposed <a href=\"http:\/\/www.budget.gc.ca\/2016\/docs\/plan\/ch8-en.html#_Toc446106866\">bail-in regime has been endorsed<\/a>, at least in principle:<\/p>\n<blockquote><p>To protect Canadian taxpayers in the unlikely event of a large bank failure, the Government is proposing to implement a bail-in regime that would reinforce that bank shareholders and creditors are responsible for the bank\u2019s risks\u2014not taxpayers. This would allow authorities to convert eligible long-term debt of a failing systemically important bank into common shares to recapitalize the bank and allow it to remain open and operating. Such a measure is in line with international efforts to address the potential risks to the financial system and broader economy of institutions perceived as \u201ctoo-big-to-fail\u201d.<\/p>\n<p>The Government is proposing to introduce framework legislation for the regime along with accompanying enhancements to Canada\u2019s bank resolution toolkit. Regulations and guidelines setting out further features of the regime will follow. This will provide stakeholders with an additional opportunity to comment on elements of the proposed regime.<\/p><\/blockquote>\n<p>So we&#8217;ll see how it goes.<\/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>5.05 %<\/td>\n<td>6.15 %<\/td>\n<td>10,528<\/td>\n<td>16.47<\/td>\n<td>1<\/td>\n<td>0.0000 %<\/td>\n<td>1,551.8<\/td>\n<\/tr>\n<tr>\n<td>FixedFloater<\/td>\n<td>7.07 %<\/td>\n<td>6.21 %<\/td>\n<td>24,391<\/td>\n<td>16.05<\/td>\n<td>1<\/td>\n<td>0.6742 %<\/td>\n<td>2,812.6<\/td>\n<\/tr>\n<tr>\n<td>Floater<\/td>\n<td>4.67 %<\/td>\n<td>4.80 %<\/td>\n<td>64,968<\/td>\n<td>15.87<\/td>\n<td>4<\/td>\n<td>1.8360 %<\/td>\n<td>1,658.4<\/td>\n<\/tr>\n<tr>\n<td>OpRet<\/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>-0.1288 %<\/td>\n<td>2,765.2<\/td>\n<\/tr>\n<tr>\n<td>SplitShare<\/td>\n<td>4.82 %<\/td>\n<td>5.69 %<\/td>\n<td>73,698<\/td>\n<td>1.63<\/td>\n<td>7<\/td>\n<td>-0.1288 %<\/td>\n<td>3,235.8<\/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>-0.1288 %<\/td>\n<td>2,524.7<\/td>\n<\/tr>\n<tr>\n<td>Perpetual-Premium<\/td>\n<td>5.79 %<\/td>\n<td>-3.66 %<\/td>\n<td>86,040<\/td>\n<td>0.08<\/td>\n<td>6<\/td>\n<td>0.1466 %<\/td>\n<td>2,553.4<\/td>\n<\/tr>\n<tr>\n<td>Perpetual-Discount<\/td>\n<td>5.65 %<\/td>\n<td>5.68 %<\/td>\n<td>96,764<\/td>\n<td>14.38<\/td>\n<td>33<\/td>\n<td>0.0497 %<\/td>\n<td>2,567.7<\/td>\n<\/tr>\n<tr>\n<td>FixedReset<\/td>\n<td>5.43 %<\/td>\n<td>5.02 %<\/td>\n<td>185,513<\/td>\n<td>13.84<\/td>\n<td>87<\/td>\n<td>0.9074 %<\/td>\n<td>1,879.5<\/td>\n<\/tr>\n<tr>\n<td>Deemed-Retractible<\/td>\n<td>5.25 %<\/td>\n<td>5.71 %<\/td>\n<td>131,519<\/td>\n<td>6.91<\/td>\n<td>34<\/td>\n<td>-0.0327 %<\/td>\n<td>2,591.4<\/td>\n<\/tr>\n<tr>\n<td>FloatingReset<\/td>\n<td>3.09 %<\/td>\n<td>4.99 %<\/td>\n<td>38,627<\/td>\n<td>5.42<\/td>\n<td>16<\/td>\n<td>0.3662 %<\/td>\n<td>1,992.2<\/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>BMO.PR.T<\/td>\n<td>FixedReset<\/td>\n<td>-1.46 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2046-03-22<br \/>\nMaturity Price  : 17.49<br \/>\nEvaluated at bid price : 17.49<br \/>\nBid-YTW : 4.52 %<\/td>\n<\/tr>\n<tr>\n<td>CU.PR.F<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-1.03 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2046-03-22<br \/>\nMaturity Price  : 20.15<br \/>\nEvaluated at bid price : 20.15<br \/>\nBid-YTW : 5.64 %<\/td>\n<\/tr>\n<tr>\n<td>PWF.PR.P<\/td>\n<td>FixedReset<\/td>\n<td>1.08 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2046-03-22<br \/>\nMaturity Price  : 12.15<br \/>\nEvaluated at bid price : 12.15<br \/>\nBid-YTW : 4.84 %<\/td>\n<\/tr>\n<tr>\n<td>HSE.PR.E<\/td>\n<td>FixedReset<\/td>\n<td>1.10 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2046-03-22<br \/>\nMaturity Price  : 18.30<br \/>\nEvaluated at bid price : 18.30<br \/>\nBid-YTW : 5.96 %<\/td>\n<\/tr>\n<tr>\n<td>BMO.PR.Q<\/td>\n<td>FixedReset<\/td>\n<td>1.11 %<\/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 : 18.25<br \/>\nBid-YTW : 7.93 %<\/td>\n<\/tr>\n<tr>\n<td>TD.PF.B<\/td>\n<td>FixedReset<\/td>\n<td>1.13 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2046-03-22<br \/>\nMaturity Price  : 17.91<br \/>\nEvaluated at bid price : 17.91<br \/>\nBid-YTW : 4.44 %<\/td>\n<\/tr>\n<tr>\n<td>TD.PF.C<\/td>\n<td>FixedReset<\/td>\n<td>1.13 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2046-03-22<br \/>\nMaturity Price  : 17.91<br \/>\nEvaluated at bid price : 17.91<br \/>\nBid-YTW : 4.43 %<\/td>\n<\/tr>\n<tr>\n<td>SLF.PR.I<\/td>\n<td>FixedReset<\/td>\n<td>1.18 %<\/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 : 18.01<br \/>\nBid-YTW : 8.00 %<\/td>\n<\/tr>\n<tr>\n<td>FTS.PR.M<\/td>\n<td>FixedReset<\/td>\n<td>1.24 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2046-03-22<br \/>\nMaturity Price  : 17.12<br \/>\nEvaluated at bid price : 17.12<br \/>\nBid-YTW : 4.99 %<\/td>\n<\/tr>\n<tr>\n<td>NA.PR.Q<\/td>\n<td>FixedReset<\/td>\n<td>1.25 %<\/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 : 23.56<br \/>\nBid-YTW : 4.57 %<\/td>\n<\/tr>\n<tr>\n<td>NA.PR.S<\/td>\n<td>FixedReset<\/td>\n<td>1.25 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2046-03-22<br \/>\nMaturity Price  : 17.80<br \/>\nEvaluated at bid price : 17.80<br \/>\nBid-YTW : 4.68 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PF.G<\/td>\n<td>FixedReset<\/td>\n<td>1.28 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2046-03-22<br \/>\nMaturity Price  : 18.23<br \/>\nEvaluated at bid price : 18.23<br \/>\nBid-YTW : 5.22 %<\/td>\n<\/tr>\n<tr>\n<td>SLF.PR.H<\/td>\n<td>FixedReset<\/td>\n<td>1.31 %<\/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 : 15.50<br \/>\nBid-YTW : 9.36 %<\/td>\n<\/tr>\n<tr>\n<td>TRP.PR.E<\/td>\n<td>FixedReset<\/td>\n<td>1.31 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2046-03-22<br \/>\nMaturity Price  : 17.80<br \/>\nEvaluated at bid price : 17.80<br \/>\nBid-YTW : 4.71 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PF.H<\/td>\n<td>FixedReset<\/td>\n<td>1.37 %<\/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 : 4.20 %<\/td>\n<\/tr>\n<tr>\n<td>CM.PR.O<\/td>\n<td>FixedReset<\/td>\n<td>1.38 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2046-03-22<br \/>\nMaturity Price  : 18.35<br \/>\nEvaluated at bid price : 18.35<br \/>\nBid-YTW : 4.43 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PR.R<\/td>\n<td>FixedReset<\/td>\n<td>1.38 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2046-03-22<br \/>\nMaturity Price  : 14.65<br \/>\nEvaluated at bid price : 14.65<br \/>\nBid-YTW : 5.19 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PF.F<\/td>\n<td>FixedReset<\/td>\n<td>1.39 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2046-03-22<br \/>\nMaturity Price  : 18.26<br \/>\nEvaluated at bid price : 18.26<br \/>\nBid-YTW : 5.18 %<\/td>\n<\/tr>\n<tr>\n<td>NA.PR.W<\/td>\n<td>FixedReset<\/td>\n<td>1.39 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2046-03-22<br \/>\nMaturity Price  : 16.78<br \/>\nEvaluated at bid price : 16.78<br \/>\nBid-YTW : 4.78 %<\/td>\n<\/tr>\n<tr>\n<td>TD.PF.A<\/td>\n<td>FixedReset<\/td>\n<td>1.41 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2046-03-22<br \/>\nMaturity Price  : 18.00<br \/>\nEvaluated at bid price : 18.00<br \/>\nBid-YTW : 4.43 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PR.Z<\/td>\n<td>FixedReset<\/td>\n<td>1.41 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2046-03-22<br \/>\nMaturity Price  : 18.00<br \/>\nEvaluated at bid price : 18.00<br \/>\nBid-YTW : 5.29 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PF.A<\/td>\n<td>FixedReset<\/td>\n<td>1.41 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2046-03-22<br \/>\nMaturity Price  : 17.95<br \/>\nEvaluated at bid price : 17.95<br \/>\nBid-YTW : 5.24 %<\/td>\n<\/tr>\n<tr>\n<td>FTS.PR.K<\/td>\n<td>FixedReset<\/td>\n<td>1.62 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2046-03-22<br \/>\nMaturity Price  : 15.65<br \/>\nEvaluated at bid price : 15.65<br \/>\nBid-YTW : 4.79 %<\/td>\n<\/tr>\n<tr>\n<td>TRP.PR.G<\/td>\n<td>FixedReset<\/td>\n<td>1.67 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2046-03-22<br \/>\nMaturity Price  : 18.30<br \/>\nEvaluated at bid price : 18.30<br \/>\nBid-YTW : 5.12 %<\/td>\n<\/tr>\n<tr>\n<td>TRP.PR.D<\/td>\n<td>FixedReset<\/td>\n<td>1.67 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2046-03-22<br \/>\nMaturity Price  : 17.01<br \/>\nEvaluated at bid price : 17.01<br \/>\nBid-YTW : 4.86 %<\/td>\n<\/tr>\n<tr>\n<td>TRP.PR.C<\/td>\n<td>FixedReset<\/td>\n<td>1.68 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2046-03-22<br \/>\nMaturity Price  : 11.50<br \/>\nEvaluated at bid price : 11.50<br \/>\nBid-YTW : 4.99 %<\/td>\n<\/tr>\n<tr>\n<td>MFC.PR.L<\/td>\n<td>FixedReset<\/td>\n<td>1.78 %<\/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 : 17.20<br \/>\nBid-YTW : 8.43 %<\/td>\n<\/tr>\n<tr>\n<td>MFC.PR.H<\/td>\n<td>FixedReset<\/td>\n<td>1.79 %<\/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 : 19.92<br \/>\nBid-YTW : 7.11 %<\/td>\n<\/tr>\n<tr>\n<td>CM.PR.Q<\/td>\n<td>FixedReset<\/td>\n<td>1.80 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2046-03-22<br \/>\nMaturity Price  : 19.25<br \/>\nEvaluated at bid price : 19.25<br \/>\nBid-YTW : 4.66 %<\/td>\n<\/tr>\n<tr>\n<td>IFC.PR.A<\/td>\n<td>FixedReset<\/td>\n<td>1.83 %<\/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 : 13.91<br \/>\nBid-YTW : 10.80 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PF.B<\/td>\n<td>FixedReset<\/td>\n<td>2.00 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2046-03-22<br \/>\nMaturity Price  : 16.80<br \/>\nEvaluated at bid price : 16.80<br \/>\nBid-YTW : 5.23 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PR.K<\/td>\n<td>Floater<\/td>\n<td>2.09 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2046-03-22<br \/>\nMaturity Price  : 9.75<br \/>\nEvaluated at bid price : 9.75<br \/>\nBid-YTW : 4.85 %<\/td>\n<\/tr>\n<tr>\n<td>RY.PR.J<\/td>\n<td>FixedReset<\/td>\n<td>2.18 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2046-03-22<br \/>\nMaturity Price  : 18.71<br \/>\nEvaluated at bid price : 18.71<br \/>\nBid-YTW : 4.72 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PF.E<\/td>\n<td>FixedReset<\/td>\n<td>2.26 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2046-03-22<br \/>\nMaturity Price  : 17.61<br \/>\nEvaluated at bid price : 17.61<br \/>\nBid-YTW : 5.02 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PR.B<\/td>\n<td>Floater<\/td>\n<td>2.28 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2046-03-22<br \/>\nMaturity Price  : 9.85<br \/>\nEvaluated at bid price : 9.85<br \/>\nBid-YTW : 4.80 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PR.C<\/td>\n<td>Floater<\/td>\n<td>2.31 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2046-03-22<br \/>\nMaturity Price  : 9.75<br \/>\nEvaluated at bid price : 9.75<br \/>\nBid-YTW : 4.85 %<\/td>\n<\/tr>\n<tr>\n<td>RY.PR.M<\/td>\n<td>FixedReset<\/td>\n<td>2.50 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2046-03-22<br \/>\nMaturity Price  : 18.45<br \/>\nEvaluated at bid price : 18.45<br \/>\nBid-YTW : 4.66 %<\/td>\n<\/tr>\n<tr>\n<td>FTS.PR.I<\/td>\n<td>FloatingReset<\/td>\n<td>2.56 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2046-03-22<br \/>\nMaturity Price  : 10.00<br \/>\nEvaluated at bid price : 10.00<br \/>\nBid-YTW : 4.79 %<\/td>\n<\/tr>\n<tr>\n<td>TRP.PR.B<\/td>\n<td>FixedReset<\/td>\n<td>2.60 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2046-03-22<br \/>\nMaturity Price  : 10.65<br \/>\nEvaluated at bid price : 10.65<br \/>\nBid-YTW : 4.80 %<\/td>\n<\/tr>\n<tr>\n<td>TD.PF.D<\/td>\n<td>FixedReset<\/td>\n<td>2.63 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2046-03-22<br \/>\nMaturity Price  : 19.50<br \/>\nEvaluated at bid price : 19.50<br \/>\nBid-YTW : 4.59 %<\/td>\n<\/tr>\n<tr>\n<td>TRP.PR.F<\/td>\n<td>FloatingReset<\/td>\n<td>2.83 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2046-03-22<br \/>\nMaturity Price  : 12.00<br \/>\nEvaluated at bid price : 12.00<br \/>\nBid-YTW : 4.94 %<\/td>\n<\/tr>\n<tr>\n<td>IFC.PR.C<\/td>\n<td>FixedReset<\/td>\n<td>2.84 %<\/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 : 17.00<br \/>\nBid-YTW : 8.69 %<\/td>\n<\/tr>\n<tr>\n<td>HSE.PR.A<\/td>\n<td>FixedReset<\/td>\n<td>2.90 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2046-03-22<br \/>\nMaturity Price  : 10.30<br \/>\nEvaluated at bid price : 10.30<br \/>\nBid-YTW : 5.99 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PR.X<\/td>\n<td>FixedReset<\/td>\n<td>3.26 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2046-03-22<br \/>\nMaturity Price  : 13.63<br \/>\nEvaluated at bid price : 13.63<br \/>\nBid-YTW : 4.89 %<\/td>\n<\/tr>\n<tr>\n<td>FTS.PR.H<\/td>\n<td>FixedReset<\/td>\n<td>3.60 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2046-03-22<br \/>\nMaturity Price  : 12.08<br \/>\nEvaluated at bid price : 12.08<br \/>\nBid-YTW : 4.69 %<\/td>\n<\/tr>\n<tr>\n<td>TRP.PR.A<\/td>\n<td>FixedReset<\/td>\n<td>3.72 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2046-03-22<br \/>\nMaturity Price  : 14.50<br \/>\nEvaluated at bid price : 14.50<br \/>\nBid-YTW : 4.79 %<\/td>\n<\/tr>\n<tr>\n<td>CU.PR.C<\/td>\n<td>FixedReset<\/td>\n<td>4.05 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2046-03-22<br \/>\nMaturity Price  : 16.96<br \/>\nEvaluated at bid price : 16.96<br \/>\nBid-YTW : 4.72 %<\/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>RY.PR.R<\/td>\n<td>FixedReset<\/td>\n<td>182,165<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Call<br \/>\nMaturity Date\t: 2021-08-24<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 25.60<br \/>\nBid-YTW : 5.07 %<\/td>\n<\/tr>\n<tr>\n<td>BNS.PR.Q<\/td>\n<td>FixedReset<\/td>\n<td>179,917<\/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 : 23.23<br \/>\nBid-YTW : 4.48 %<\/td>\n<\/tr>\n<tr>\n<td>GWO.PR.I<\/td>\n<td>Deemed-Retractible<\/td>\n<td>103,710<\/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 : 21.03<br \/>\nBid-YTW : 6.95 %<\/td>\n<\/tr>\n<tr>\n<td>BNS.PR.R<\/td>\n<td>FixedReset<\/td>\n<td>100,685<\/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 : 23.64<br \/>\nBid-YTW : 4.42 %<\/td>\n<\/tr>\n<tr>\n<td>PWF.PR.F<\/td>\n<td>Perpetual-Discount<\/td>\n<td>94,846<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2046-03-22<br \/>\nMaturity Price  : 23.09<br \/>\nEvaluated at bid price : 23.35<br \/>\nBid-YTW : 5.70 %<\/td>\n<\/tr>\n<tr>\n<td>BNS.PR.G<\/td>\n<td>FixedReset<\/td>\n<td>93,805<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Call<br \/>\nMaturity Date\t: 2021-07-25<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 25.59<br \/>\nBid-YTW : 5.05 %<\/td>\n<\/tr>\n<tr>\n<td colspan='4'>There were 44 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.I<\/td>\n<td>FloatingReset<\/td>\n<td>Quote: 10.00 &#8211; 10.89<br \/>\nSpot Rate  :  0.8900<br \/>\nAverage  :  0.5779<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2046-03-22<br \/>\nMaturity Price  : 10.00<br \/>\nEvaluated at bid price : 10.00<br \/>\nBid-YTW : 4.79 %<\/td>\n<\/tr>\n<tr>\n<td>CU.PR.H<\/td>\n<td>Perpetual-Discount<\/td>\n<td>Quote: 23.30 &#8211; 24.00<br \/>\nSpot Rate  :  0.7000<br \/>\nAverage  :  0.4468<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2046-03-22<br \/>\nMaturity Price  : 22.89<br \/>\nEvaluated at bid price : 23.30<br \/>\nBid-YTW : 5.67 %<\/td>\n<\/tr>\n<tr>\n<td>FTS.PR.F<\/td>\n<td>Perpetual-Discount<\/td>\n<td>Quote: 22.15 &#8211; 22.69<br \/>\nSpot Rate  :  0.5400<br \/>\nAverage  :  0.3560<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2046-03-22<br \/>\nMaturity Price  : 21.91<br \/>\nEvaluated at bid price : 22.15<br \/>\nBid-YTW : 5.58 %<\/td>\n<\/tr>\n<tr>\n<td>ELF.PR.G<\/td>\n<td>Perpetual-Discount<\/td>\n<td>Quote: 20.07 &#8211; 20.52<br \/>\nSpot Rate  :  0.4500<br \/>\nAverage  :  0.2843<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2046-03-22<br \/>\nMaturity Price  : 20.07<br \/>\nEvaluated at bid price : 20.07<br \/>\nBid-YTW : 6.04 %<\/td>\n<\/tr>\n<tr>\n<td>BNS.PR.B<\/td>\n<td>FloatingReset<\/td>\n<td>Quote: 21.00 &#8211; 21.45<br \/>\nSpot Rate  :  0.4500<br \/>\nAverage  :  0.3091<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Hard Maturity<br \/>\nMaturity Date\t: 2022-01-31<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 21.00<br \/>\nBid-YTW : 5.36 %<\/td>\n<\/tr>\n<tr>\n<td>FTS.PR.G<\/td>\n<td>FixedReset<\/td>\n<td>Quote: 15.58 &#8211; 16.03<br \/>\nSpot Rate  :  0.4500<br \/>\nAverage  :  0.3173<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2046-03-22<br \/>\nMaturity Price  : 15.58<br \/>\nEvaluated at bid price : 15.58<br \/>\nBid-YTW : 4.84 %<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>We&#8217;ve blown a lot of money in Ontari-ari-ari-o, but at least the Chileans know how to make solar power useful: Valhalla Energia is seeking partners to build a 600-megawatt solar project in Chile that will &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-32795","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/32795","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=32795"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/32795\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=32795"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=32795"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=32795"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}