{"id":40393,"date":"2020-03-04T19:13:46","date_gmt":"2020-03-05T00:13:46","guid":{"rendered":"http:\/\/prefblog.com\/?p=40393"},"modified":"2020-03-04T19:13:46","modified_gmt":"2020-03-05T00:13:46","slug":"40393","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=40393","title":{"rendered":"March 4, 2020"},"content":{"rendered":"

We had a bit of a respite from constant losses today, as it appears the BoC policy rate cut<\/a> was fully anticipated. TXPR was actually up 7bp on the day<\/a>!<\/p>\n

PerpetualDiscounts now yield 5.35%, equivalent to 6.96% interest at the standard equivalency factor of 1.3x. Long corporates<\/a> now yield 3.04%, so the pre-tax interest-equivalent spread (in this context, the \u201cSeniority Spread\u201d) has widened slightly (and perhaps spuriously) to 390bp from the 385bp reported February 26<\/a>.<\/p>\n\n\n\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>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.4543 %<\/td>\n1,858.7<\/td>\n<\/tr>\n
FixedFloater<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.4543 %<\/td>\n3,410.7<\/td>\n<\/tr>\n
Floater<\/td>\n6.58 %<\/td>\n6.88 %<\/td>\n50,594<\/td>\n12.58<\/td>\n4<\/td>\n0.4543 %<\/td>\n1,965.6<\/td>\n<\/tr>\n
OpRet<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.5377 %<\/td>\n3,468.3<\/td>\n<\/tr>\n
SplitShare<\/td>\n4.79 %<\/td>\n4.39 %<\/td>\n52,011<\/td>\n4.09<\/td>\n7<\/td>\n0.5377 %<\/td>\n4,141.9<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.5377 %<\/td>\n3,231.7<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.58 %<\/td>\n4.85 %<\/td>\n73,565<\/td>\n1.07<\/td>\n12<\/td>\n0.0363 %<\/td>\n3,053.3<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n5.26 %<\/td>\n5.35 %<\/td>\n70,603<\/td>\n14.89<\/td>\n24<\/td>\n0.3223 %<\/td>\n3,318.7<\/td>\n<\/tr>\n
FixedReset Disc<\/td>\n6.01 %<\/td>\n5.35 %<\/td>\n187,294<\/td>\n14.67<\/td>\n64<\/td>\n1.1202 %<\/td>\n1,996.7<\/td>\n<\/tr>\n
Deemed-Retractible<\/td>\n5.21 %<\/td>\n5.31 %<\/td>\n85,965<\/td>\n14.89<\/td>\n27<\/td>\n0.3490 %<\/td>\n3,243.4<\/td>\n<\/tr>\n
FloatingReset<\/td>\n5.78 %<\/td>\n5.68 %<\/td>\n69,515<\/td>\n14.35<\/td>\n3<\/td>\n-0.3859 %<\/td>\n2,264.2<\/td>\n<\/tr>\n
FixedReset Prem<\/td>\n5.14 %<\/td>\n4.50 %<\/td>\n137,440<\/td>\n1.51<\/td>\n22<\/td>\n0.0952 %<\/td>\n2,632.7<\/td>\n<\/tr>\n
FixedReset Bank Non<\/td>\n1.92 %<\/td>\n2.97 %<\/td>\n105,205<\/td>\n1.87<\/td>\n3<\/td>\n0.2169 %<\/td>\n2,760.3<\/td>\n<\/tr>\n
FixedReset Ins Non<\/td>\n5.86 %<\/td>\n5.25 %<\/td>\n103,758<\/td>\n14.73<\/td>\n22<\/td>\n0.3363 %<\/td>\n2,021.8<\/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
Performance Highlights<\/strong><\/td>\n<\/tr>\n
Issue<\/td>\nIndex<\/td>\nChange<\/td>\nNotes<\/td>\n<\/tr>\n
IAF.PR.G<\/td>\nFixedReset Ins Non<\/td>\n-2.27 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-03-04
\nMaturity Price : 17.20
\nEvaluated at bid price : 17.20
\nBid-YTW : 5.40 %<\/td>\n<\/tr>\n
GWO.PR.N<\/td>\nFixedReset Ins Non<\/td>\n-2.06 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-03-04
\nMaturity Price : 11.90
\nEvaluated at bid price : 11.90
\nBid-YTW : 4.52 %<\/td>\n<\/tr>\n
MFC.PR.L<\/td>\nFixedReset Ins Non<\/td>\n-1.87 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-03-04
\nMaturity Price : 14.73
\nEvaluated at bid price : 14.73
\nBid-YTW : 5.45 %<\/td>\n<\/tr>\n
HSE.PR.G<\/td>\nFixedReset Disc<\/td>\n-1.82 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-03-04
\nMaturity Price : 16.20
\nEvaluated at bid price : 16.20
\nBid-YTW : 6.90 %<\/td>\n<\/tr>\n
MFC.PR.H<\/td>\nFixedReset Ins Non<\/td>\n-1.70 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-03-04
\nMaturity Price : 18.48
\nEvaluated at bid price : 18.48
\nBid-YTW : 5.46 %<\/td>\n<\/tr>\n
TRP.PR.B<\/td>\nFixedReset Disc<\/td>\n-1.62 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-03-04
\nMaturity Price : 9.69
\nEvaluated at bid price : 9.69
\nBid-YTW : 5.50 %<\/td>\n<\/tr>\n
PWF.PR.Q<\/td>\nFloatingReset<\/td>\n-1.61 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-03-04
\nMaturity Price : 12.20
\nEvaluated at bid price : 12.20
\nBid-YTW : 5.68 %<\/td>\n<\/tr>\n
MFC.PR.K<\/td>\nFixedReset Ins Non<\/td>\n-1.53 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-03-04
\nMaturity Price : 16.05
\nEvaluated at bid price : 16.05
\nBid-YTW : 5.22 %<\/td>\n<\/tr>\n
TD.PF.I<\/td>\nFixedReset Disc<\/td>\n-1.50 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-03-04
\nMaturity Price : 19.01
\nEvaluated at bid price : 19.01
\nBid-YTW : 5.27 %<\/td>\n<\/tr>\n
SLF.PR.H<\/td>\nFixedReset Ins Non<\/td>\n-1.38 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-03-04
\nMaturity Price : 14.32
\nEvaluated at bid price : 14.32
\nBid-YTW : 5.25 %<\/td>\n<\/tr>\n
BAM.PR.X<\/td>\nFixedReset Disc<\/td>\n-1.25 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-03-04
\nMaturity Price : 11.85
\nEvaluated at bid price : 11.85
\nBid-YTW : 5.72 %<\/td>\n<\/tr>\n
PWF.PR.T<\/td>\nFixedReset Disc<\/td>\n-1.12 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-03-04
\nMaturity Price : 16.76
\nEvaluated at bid price : 16.76
\nBid-YTW : 5.20 %<\/td>\n<\/tr>\n
BIP.PR.A<\/td>\nFixedReset Disc<\/td>\n-1.05 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-03-04
\nMaturity Price : 17.82
\nEvaluated at bid price : 17.82
\nBid-YTW : 6.20 %<\/td>\n<\/tr>\n
SLF.PR.G<\/td>\nFixedReset Ins Non<\/td>\n-1.03 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-03-04
\nMaturity Price : 11.53
\nEvaluated at bid price : 11.53
\nBid-YTW : 4.91 %<\/td>\n<\/tr>\n
CM.PR.T<\/td>\nFixedReset Disc<\/td>\n-1.01 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-03-04
\nMaturity Price : 22.03
\nEvaluated at bid price : 22.52
\nBid-YTW : 4.91 %<\/td>\n<\/tr>\n
MFC.PR.R<\/td>\nFixedReset Ins Non<\/td>\n-1.00 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-03-04
\nMaturity Price : 22.37
\nEvaluated at bid price : 22.67
\nBid-YTW : 5.18 %<\/td>\n<\/tr>\n
BNS.PR.I<\/td>\nFixedReset Disc<\/td>\n1.03 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-03-04
\nMaturity Price : 18.63
\nEvaluated at bid price : 18.63
\nBid-YTW : 4.92 %<\/td>\n<\/tr>\n
POW.PR.B<\/td>\nPerpetual-Discount<\/td>\n1.06 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-03-04
\nMaturity Price : 24.53
\nEvaluated at bid price : 24.78
\nBid-YTW : 5.47 %<\/td>\n<\/tr>\n
IFC.PR.F<\/td>\nDeemed-Retractible<\/td>\n1.06 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-03-04
\nMaturity Price : 24.33
\nEvaluated at bid price : 24.76
\nBid-YTW : 5.43 %<\/td>\n<\/tr>\n
BIP.PR.F<\/td>\nFixedReset Disc<\/td>\n1.06 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-03-04
\nMaturity Price : 21.57
\nEvaluated at bid price : 21.83
\nBid-YTW : 5.84 %<\/td>\n<\/tr>\n
SLF.PR.I<\/td>\nFixedReset Ins Non<\/td>\n1.11 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-03-04
\nMaturity Price : 17.36
\nEvaluated at bid price : 17.36
\nBid-YTW : 5.19 %<\/td>\n<\/tr>\n
GWO.PR.H<\/td>\nDeemed-Retractible<\/td>\n1.12 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-03-04
\nMaturity Price : 22.33
\nEvaluated at bid price : 22.60
\nBid-YTW : 5.36 %<\/td>\n<\/tr>\n
BMO.PR.T<\/td>\nFixedReset Disc<\/td>\n1.14 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-03-04
\nMaturity Price : 15.93
\nEvaluated at bid price : 15.93
\nBid-YTW : 5.10 %<\/td>\n<\/tr>\n
BIP.PR.E<\/td>\nFixedReset Disc<\/td>\n1.16 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-03-04
\nMaturity Price : 21.41
\nEvaluated at bid price : 21.75
\nBid-YTW : 5.74 %<\/td>\n<\/tr>\n
EMA.PR.E<\/td>\nPerpetual-Discount<\/td>\n1.18 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-03-04
\nMaturity Price : 21.50
\nEvaluated at bid price : 21.50
\nBid-YTW : 5.28 %<\/td>\n<\/tr>\n
TRP.PR.A<\/td>\nFixedReset Disc<\/td>\n1.19 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-03-04
\nMaturity Price : 13.61
\nEvaluated at bid price : 13.61
\nBid-YTW : 5.45 %<\/td>\n<\/tr>\n
SLF.PR.B<\/td>\nDeemed-Retractible<\/td>\n1.21 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-03-04
\nMaturity Price : 22.33
\nEvaluated at bid price : 22.60
\nBid-YTW : 5.30 %<\/td>\n<\/tr>\n
BAM.PR.N<\/td>\nPerpetual-Discount<\/td>\n1.33 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-03-04
\nMaturity Price : 21.85
\nEvaluated at bid price : 22.09
\nBid-YTW : 5.46 %<\/td>\n<\/tr>\n
EMA.PR.H<\/td>\nFixedReset Prem<\/td>\n1.42 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-03-04
\nMaturity Price : 23.33
\nEvaluated at bid price : 25.05
\nBid-YTW : 4.83 %<\/td>\n<\/tr>\n
IAF.PR.B<\/td>\nDeemed-Retractible<\/td>\n1.42 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-03-04
\nMaturity Price : 21.84
\nEvaluated at bid price : 22.08
\nBid-YTW : 5.20 %<\/td>\n<\/tr>\n
EMA.PR.C<\/td>\nFixedReset Disc<\/td>\n1.43 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-03-04
\nMaturity Price : 17.05
\nEvaluated at bid price : 17.05
\nBid-YTW : 5.55 %<\/td>\n<\/tr>\n
IFC.PR.C<\/td>\nFixedReset Ins Non<\/td>\n1.56 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-03-04
\nMaturity Price : 16.25
\nEvaluated at bid price : 16.25
\nBid-YTW : 5.47 %<\/td>\n<\/tr>\n
CU.PR.C<\/td>\nFixedReset Disc<\/td>\n1.59 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-03-04
\nMaturity Price : 16.00
\nEvaluated at bid price : 16.00
\nBid-YTW : 5.14 %<\/td>\n<\/tr>\n
CU.PR.G<\/td>\nPerpetual-Discount<\/td>\n1.70 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-03-04
\nMaturity Price : 21.52
\nEvaluated at bid price : 21.52
\nBid-YTW : 5.26 %<\/td>\n<\/tr>\n
BAM.PF.A<\/td>\nFixedReset Disc<\/td>\n1.91 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-03-04
\nMaturity Price : 18.70
\nEvaluated at bid price : 18.70
\nBid-YTW : 5.49 %<\/td>\n<\/tr>\n
MFC.PR.F<\/td>\nFixedReset Ins Non<\/td>\n2.00 %<\/td>\nJust a rebound from yesterday’s nonsense<\/a>.<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-03-04
\nMaturity Price : 10.71
\nEvaluated at bid price : 10.71
\nBid-YTW : 5.28 %<\/td>\n<\/tr>\n

EMA.PR.F<\/td>\nFixedReset Disc<\/td>\n2.06 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-03-04
\nMaturity Price : 16.84
\nEvaluated at bid price : 16.84
\nBid-YTW : 5.52 %<\/td>\n<\/tr>\n
TD.PF.C<\/td>\nFixedReset Disc<\/td>\n2.06 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-03-04
\nMaturity Price : 16.33
\nEvaluated at bid price : 16.33
\nBid-YTW : 5.15 %<\/td>\n<\/tr>\n
IFC.PR.G<\/td>\nFixedReset Ins Non<\/td>\n2.32 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-03-04
\nMaturity Price : 17.65
\nEvaluated at bid price : 17.65
\nBid-YTW : 5.34 %<\/td>\n<\/tr>\n
BMO.PR.W<\/td>\nFixedReset Disc<\/td>\n2.44 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-03-04
\nMaturity Price : 15.98
\nEvaluated at bid price : 15.98
\nBid-YTW : 5.16 %<\/td>\n<\/tr>\n
TRP.PR.D<\/td>\nFixedReset Disc<\/td>\n2.53 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-03-04
\nMaturity Price : 15.40
\nEvaluated at bid price : 15.40
\nBid-YTW : 5.58 %<\/td>\n<\/tr>\n
PVS.PR.H<\/td>\nSplitShare<\/td>\n2.65 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2027-02-28
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.15
\nBid-YTW : 4.62 %<\/td>\n<\/tr>\n
MFC.PR.I<\/td>\nFixedReset Ins Non<\/td>\n2.76 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-03-04
\nMaturity Price : 17.52
\nEvaluated at bid price : 17.52
\nBid-YTW : 5.45 %<\/td>\n<\/tr>\n
BIP.PR.D<\/td>\nFixedReset Disc<\/td>\n3.43 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-03-04
\nMaturity Price : 22.07
\nEvaluated at bid price : 22.30
\nBid-YTW : 5.60 %<\/td>\n<\/tr>\n
MFC.PR.N<\/td>\nFixedReset Ins Non<\/td>\n3.80 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-03-04
\nMaturity Price : 15.57
\nEvaluated at bid price : 15.57
\nBid-YTW : 5.08 %<\/td>\n<\/tr>\n
MFC.PR.M<\/td>\nFixedReset Ins Non<\/td>\n4.27 %<\/td>\nJust a rebound from yesterday’s nonsense<\/a>.<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-03-04
\nMaturity Price : 16.10
\nEvaluated at bid price : 16.10
\nBid-YTW : 5.25 %<\/td>\n<\/tr>\n

RY.PR.M<\/td>\nFixedReset Disc<\/td>\n4.67 %<\/td>\nJust a rebound from yesterday’s nonsense<\/a>.<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-03-04
\nMaturity Price : 16.80
\nEvaluated at bid price : 16.80
\nBid-YTW : 5.21 %<\/td>\n<\/tr>\n

TRP.PR.C<\/td>\nFixedReset Disc<\/td>\n4.80 %<\/td>\nJust a rebound from yesterday’s nonsense<\/a>.<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-03-04
\nMaturity Price : 10.49
\nEvaluated at bid price : 10.49
\nBid-YTW : 5.76 %<\/td>\n<\/tr>\n

BAM.PF.B<\/td>\nFixedReset Disc<\/td>\n5.03 %<\/td>\nJust a rebound from yesterday’s nonsense<\/a>.<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-03-04
\nMaturity Price : 16.72
\nEvaluated at bid price : 16.72
\nBid-YTW : 5.66 %<\/td>\n<\/tr>\n

IFC.PR.A<\/td>\nFixedReset Ins Non<\/td>\n6.91 %<\/td>\nJust a rebound from yesterday’s nonsense<\/a>.<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-03-04
\nMaturity Price : 13.15
\nEvaluated at bid price : 13.15
\nBid-YTW : 5.25 %<\/td>\n<\/tr>\n

RY.PR.H<\/td>\nFixedReset Disc<\/td>\n9.00 %<\/td>\nJust a rebound from yesterday’s nonsense<\/a>.<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-03-04
\nMaturity Price : 16.10
\nEvaluated at bid price : 16.10
\nBid-YTW : 5.08 %<\/td>\n<\/tr>\n

TRP.PR.G<\/td>\nFixedReset Disc<\/td>\n12.01 %<\/td>\nJust a rebound from yesterday’s nonsense<\/a>.<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-03-04
\nMaturity Price : 16.97
\nEvaluated at bid price : 16.97
\nBid-YTW : 5.66 %<\/td>\n<\/tr>\n

TD.PF.D<\/td>\nFixedReset Disc<\/td>\n26.86 %<\/td>\nJust a rebound from yesterday’s nonsense<\/a>.<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-03-04
\nMaturity Price : 17.76
\nEvaluated at bid price : 17.76
\nBid-YTW : 5.19 %<\/td>\n<\/tr>\n<\/table>\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
TD.PF.G<\/td>\nFixedReset Prem<\/td>\n802,100<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2021-04-30
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.55
\nBid-YTW : 3.98 %<\/td>\n<\/tr>\n
BMO.PR.B<\/td>\nFixedReset Prem<\/td>\n79,811<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-03-04
\nMaturity Price : 23.59
\nEvaluated at bid price : 25.00
\nBid-YTW : 4.86 %<\/td>\n<\/tr>\n
PVS.PR.H<\/td>\nSplitShare<\/td>\n75,611<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2027-02-28
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.15
\nBid-YTW : 4.62 %<\/td>\n<\/tr>\n
TD.PF.J<\/td>\nFixedReset Disc<\/td>\n63,300<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-03-04
\nMaturity Price : 18.20
\nEvaluated at bid price : 18.20
\nBid-YTW : 5.23 %<\/td>\n<\/tr>\n
TD.PF.H<\/td>\nFixedReset Prem<\/td>\n55,500<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-03-04
\nMaturity Price : 23.70
\nEvaluated at bid price : 25.05
\nBid-YTW : 4.93 %<\/td>\n<\/tr>\n
TD.PF.D<\/td>\nFixedReset Disc<\/td>\n52,700<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-03-04
\nMaturity Price : 17.76
\nEvaluated at bid price : 17.76
\nBid-YTW : 5.19 %<\/td>\n<\/tr>\n
There were 58 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
CIU.PR.A<\/td>\nPerpetual-Discount<\/td>\nQuote: 21.55 – 22.32
\nSpot Rate : 0.7700
\nAverage : 0.5272<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-03-04
\nMaturity Price : 21.28
\nEvaluated at bid price : 21.55
\nBid-YTW : 5.36 %<\/td>\n<\/tr>\n

W.PR.M<\/td>\nFixedReset Prem<\/td>\nQuote: 25.69 – 26.21
\nSpot Rate : 0.5200
\nAverage : 0.3448<\/p>\n

YTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2021-10-15
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.69
\nBid-YTW : 3.90 %<\/td>\n<\/tr>\n

TD.PF.I<\/td>\nFixedReset Disc<\/td>\nQuote: 19.01 – 19.43
\nSpot Rate : 0.4200
\nAverage : 0.2735<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-03-04
\nMaturity Price : 19.01
\nEvaluated at bid price : 19.01
\nBid-YTW : 5.27 %<\/td>\n<\/tr>\n

SLF.PR.C<\/td>\nDeemed-Retractible<\/td>\nQuote: 21.13 – 21.49
\nSpot Rate : 0.3600
\nAverage : 0.2563<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-03-04
\nMaturity Price : 21.13
\nEvaluated at bid price : 21.13
\nBid-YTW : 5.27 %<\/td>\n<\/tr>\n

IFC.PR.E<\/td>\nDeemed-Retractible<\/td>\nQuote: 24.40 – 24.82
\nSpot Rate : 0.4200
\nAverage : 0.3188<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-03-04
\nMaturity Price : 23.98
\nEvaluated at bid price : 24.40
\nBid-YTW : 5.40 %<\/td>\n<\/tr>\n

ELF.PR.H<\/td>\nPerpetual-Premium<\/td>\nQuote: 25.11 – 25.47
\nSpot Rate : 0.3600
\nAverage : 0.2614<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-03-04
\nMaturity Price : 24.79
\nEvaluated at bid price : 25.11
\nBid-YTW : 5.54 %<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

We had a bit of a respite from constant losses today, as it appears the BoC policy rate cut was fully anticipated. TXPR was actually up 7bp on the day! PerpetualDiscounts now yield 5.35%, equivalent …<\/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-40393","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/40393","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=40393"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/40393\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=40393"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=40393"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=40393"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}