{"id":40766,"date":"2020-04-22T18:50:06","date_gmt":"2020-04-22T23:50:06","guid":{"rendered":"http:\/\/prefblog.com\/?p=40766"},"modified":"2020-04-22T18:50:06","modified_gmt":"2020-04-22T23:50:06","slug":"april-22-2020","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=40766","title":{"rendered":"April 22, 2020"},"content":{"rendered":"

PerpetualDiscounts now yield 6.15%, equivalent to 8.00% interest at the standard equivalency factor of 1.3x. Long corporates<\/a> continue to yield 3.75%, so the pre-tax interest-equivalent spread (in this context, the \u201cSeniority Spread\u201d) has narrowed significantly, to 425bp from the 445bp reported April 15<\/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>\n2.0319 %<\/td>\n1,463.6<\/td>\n<\/tr>\n
FixedFloater<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n2.0319 %<\/td>\n2,685.5<\/td>\n<\/tr>\n
Floater<\/td>\n5.25 %<\/td>\n5.37 %<\/td>\n40,870<\/td>\n14.87<\/td>\n4<\/td>\n2.0319 %<\/td>\n1,547.7<\/td>\n<\/tr>\n
OpRet<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.4002 %<\/td>\n3,281.6<\/td>\n<\/tr>\n
SplitShare<\/td>\n5.06 %<\/td>\n6.09 %<\/td>\n75,037<\/td>\n3.92<\/td>\n7<\/td>\n0.4002 %<\/td>\n3,919.0<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.4002 %<\/td>\n3,057.7<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.2582 %<\/td>\n2,808.0<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n5.98 %<\/td>\n6.15 %<\/td>\n90,430<\/td>\n13.70<\/td>\n35<\/td>\n0.2582 %<\/td>\n3,011.9<\/td>\n<\/tr>\n
FixedReset Disc<\/td>\n6.67 %<\/td>\n5.64 %<\/td>\n205,165<\/td>\n14.15<\/td>\n83<\/td>\n0.5046 %<\/td>\n1,701.0<\/td>\n<\/tr>\n
Deemed-Retractible<\/td>\n5.71 %<\/td>\n6.01 %<\/td>\n102,962<\/td>\n13.64<\/td>\n27<\/td>\n0.3779 %<\/td>\n2,967.0<\/td>\n<\/tr>\n
FloatingReset<\/td>\n3.21 %<\/td>\n4.75 %<\/td>\n30,051<\/td>\n14.26<\/td>\n4<\/td>\n0.9859 %<\/td>\n1,666.7<\/td>\n<\/tr>\n
FixedReset Prem<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.5046 %<\/td>\n2,352.5<\/td>\n<\/tr>\n
FixedReset Bank Non<\/td>\n1.96 %<\/td>\n4.26 %<\/td>\n116,648<\/td>\n1.73<\/td>\n3<\/td>\n0.0275 %<\/td>\n2,722.0<\/td>\n<\/tr>\n
FixedReset Ins Non<\/td>\n7.12 %<\/td>\n5.89 %<\/td>\n135,452<\/td>\n13.55<\/td>\n22<\/td>\n0.4912 %<\/td>\n1,670.6<\/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\n\n\n\n
Performance Highlights<\/strong><\/td>\n<\/tr>\n
Issue<\/td>\nIndex<\/td>\nChange<\/td>\nNotes<\/td>\n<\/tr>\n
SLF.PR.G<\/td>\nFixedReset Ins Non<\/td>\n-6.32 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-04-22
\nMaturity Price : 8.00
\nEvaluated at bid price : 8.00
\nBid-YTW : 5.88 %<\/td>\n<\/tr>\n
IFC.PR.A<\/td>\nFixedReset Ins Non<\/td>\n-3.82 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-04-22
\nMaturity Price : 10.31
\nEvaluated at bid price : 10.31
\nBid-YTW : 5.81 %<\/td>\n<\/tr>\n
TRP.PR.K<\/td>\nFixedReset Disc<\/td>\n-3.08 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-04-22
\nMaturity Price : 21.63
\nEvaluated at bid price : 22.05
\nBid-YTW : 5.63 %<\/td>\n<\/tr>\n
BAM.PF.B<\/td>\nFixedReset Disc<\/td>\n-2.14 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-04-22
\nMaturity Price : 13.75
\nEvaluated at bid price : 13.75
\nBid-YTW : 6.28 %<\/td>\n<\/tr>\n
CM.PR.Y<\/td>\nFixedReset Disc<\/td>\n-1.58 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-04-22
\nMaturity Price : 19.93
\nEvaluated at bid price : 19.93
\nBid-YTW : 5.49 %<\/td>\n<\/tr>\n
CM.PR.Q<\/td>\nFixedReset Disc<\/td>\n-1.46 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-04-22
\nMaturity Price : 13.46
\nEvaluated at bid price : 13.46
\nBid-YTW : 6.07 %<\/td>\n<\/tr>\n
TRP.PR.G<\/td>\nFixedReset Disc<\/td>\n-1.45 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-04-22
\nMaturity Price : 13.55
\nEvaluated at bid price : 13.55
\nBid-YTW : 6.45 %<\/td>\n<\/tr>\n
TD.PF.H<\/td>\nFixedReset Disc<\/td>\n-1.41 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-04-22
\nMaturity Price : 21.39
\nEvaluated at bid price : 21.70
\nBid-YTW : 5.30 %<\/td>\n<\/tr>\n
NA.PR.X<\/td>\nFixedReset Disc<\/td>\n-1.26 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-04-22
\nMaturity Price : 23.06
\nEvaluated at bid price : 23.60
\nBid-YTW : 5.67 %<\/td>\n<\/tr>\n
BAM.PF.E<\/td>\nFixedReset Disc<\/td>\n-1.24 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-04-22
\nMaturity Price : 12.74
\nEvaluated at bid price : 12.74
\nBid-YTW : 6.32 %<\/td>\n<\/tr>\n
TD.PF.M<\/td>\nFixedReset Disc<\/td>\n-1.22 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-04-22
\nMaturity Price : 20.21
\nEvaluated at bid price : 20.21
\nBid-YTW : 5.33 %<\/td>\n<\/tr>\n
BIP.PR.D<\/td>\nFixedReset Disc<\/td>\n-1.13 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-04-22
\nMaturity Price : 19.28
\nEvaluated at bid price : 19.28
\nBid-YTW : 6.57 %<\/td>\n<\/tr>\n
RY.PR.P<\/td>\nPerpetual-Discount<\/td>\n-1.12 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-04-22
\nMaturity Price : 23.15
\nEvaluated at bid price : 23.60
\nBid-YTW : 5.54 %<\/td>\n<\/tr>\n
RY.PR.S<\/td>\nFixedReset Disc<\/td>\n-1.11 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-04-22
\nMaturity Price : 16.61
\nEvaluated at bid price : 16.61
\nBid-YTW : 4.87 %<\/td>\n<\/tr>\n
PWF.PR.S<\/td>\nPerpetual-Discount<\/td>\n-1.08 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-04-22
\nMaturity Price : 19.30
\nEvaluated at bid price : 19.30
\nBid-YTW : 6.26 %<\/td>\n<\/tr>\n
EML.PR.A<\/td>\nFixedReset Ins Non<\/td>\n-1.07 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-04-22
\nMaturity Price : 21.69
\nEvaluated at bid price : 22.11
\nBid-YTW : 6.20 %<\/td>\n<\/tr>\n
BAM.PF.C<\/td>\nPerpetual-Discount<\/td>\n1.01 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-04-22
\nMaturity Price : 20.03
\nEvaluated at bid price : 20.03
\nBid-YTW : 6.13 %<\/td>\n<\/tr>\n
MFC.PR.Q<\/td>\nFixedReset Ins Non<\/td>\n1.05 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-04-22
\nMaturity Price : 14.40
\nEvaluated at bid price : 14.40
\nBid-YTW : 5.86 %<\/td>\n<\/tr>\n
RY.PR.H<\/td>\nFixedReset Disc<\/td>\n1.07 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-04-22
\nMaturity Price : 13.80
\nEvaluated at bid price : 13.80
\nBid-YTW : 5.32 %<\/td>\n<\/tr>\n
PWF.PR.P<\/td>\nFixedReset Disc<\/td>\n1.11 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-04-22
\nMaturity Price : 9.10
\nEvaluated at bid price : 9.10
\nBid-YTW : 5.70 %<\/td>\n<\/tr>\n
POW.PR.B<\/td>\nPerpetual-Discount<\/td>\n1.12 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-04-22
\nMaturity Price : 21.48
\nEvaluated at bid price : 21.74
\nBid-YTW : 6.19 %<\/td>\n<\/tr>\n
RY.PR.E<\/td>\nDeemed-Retractible<\/td>\n1.14 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2022-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 24.60
\nBid-YTW : 5.24 %<\/td>\n<\/tr>\n
TD.PF.B<\/td>\nFixedReset Disc<\/td>\n1.18 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-04-22
\nMaturity Price : 13.77
\nEvaluated at bid price : 13.77
\nBid-YTW : 5.42 %<\/td>\n<\/tr>\n
RY.PR.R<\/td>\nFixedReset Disc<\/td>\n1.21 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-04-22
\nMaturity Price : 23.83
\nEvaluated at bid price : 24.25
\nBid-YTW : 5.41 %<\/td>\n<\/tr>\n
CU.PR.G<\/td>\nPerpetual-Discount<\/td>\n1.22 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-04-22
\nMaturity Price : 19.99
\nEvaluated at bid price : 19.99
\nBid-YTW : 5.72 %<\/td>\n<\/tr>\n
EIT.PR.A<\/td>\nSplitShare<\/td>\n1.26 %<\/td>\nYTW SCENARIO
\nMaturity Type : Soft Maturity
\nMaturity Date\t: 2024-03-14
\nMaturity Price : 25.00
\nEvaluated at bid price : 24.05
\nBid-YTW : 6.09 %<\/td>\n<\/tr>\n
GWO.PR.L<\/td>\nDeemed-Retractible<\/td>\n1.29 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-04-22
\nMaturity Price : 22.55
\nEvaluated at bid price : 22.80
\nBid-YTW : 6.26 %<\/td>\n<\/tr>\n
GWO.PR.I<\/td>\nDeemed-Retractible<\/td>\n1.31 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-04-22
\nMaturity Price : 18.60
\nEvaluated at bid price : 18.60
\nBid-YTW : 6.12 %<\/td>\n<\/tr>\n
IFC.PR.G<\/td>\nFixedReset Ins Non<\/td>\n1.32 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-04-22
\nMaturity Price : 15.40
\nEvaluated at bid price : 15.40
\nBid-YTW : 5.51 %<\/td>\n<\/tr>\n
NA.PR.S<\/td>\nFixedReset Disc<\/td>\n1.34 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-04-22
\nMaturity Price : 13.60
\nEvaluated at bid price : 13.60
\nBid-YTW : 5.77 %<\/td>\n<\/tr>\n
CU.PR.F<\/td>\nPerpetual-Discount<\/td>\n1.36 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-04-22
\nMaturity Price : 20.15
\nEvaluated at bid price : 20.15
\nBid-YTW : 5.68 %<\/td>\n<\/tr>\n
BAM.PR.M<\/td>\nPerpetual-Discount<\/td>\n1.38 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-04-22
\nMaturity Price : 19.90
\nEvaluated at bid price : 19.90
\nBid-YTW : 6.04 %<\/td>\n<\/tr>\n
PWF.PR.I<\/td>\nPerpetual-Discount<\/td>\n1.41 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-04-22
\nMaturity Price : 24.21
\nEvaluated at bid price : 24.50
\nBid-YTW : 6.15 %<\/td>\n<\/tr>\n
RY.PR.G<\/td>\nDeemed-Retractible<\/td>\n1.43 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2022-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 24.68
\nBid-YTW : 5.05 %<\/td>\n<\/tr>\n
RY.PR.Z<\/td>\nFixedReset Disc<\/td>\n1.45 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-04-22
\nMaturity Price : 13.87
\nEvaluated at bid price : 13.87
\nBid-YTW : 5.22 %<\/td>\n<\/tr>\n
BAM.PF.D<\/td>\nPerpetual-Discount<\/td>\n1.48 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-04-22
\nMaturity Price : 20.55
\nEvaluated at bid price : 20.55
\nBid-YTW : 6.03 %<\/td>\n<\/tr>\n
PWF.PR.T<\/td>\nFixedReset Disc<\/td>\n1.48 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-04-22
\nMaturity Price : 13.00
\nEvaluated at bid price : 13.00
\nBid-YTW : 6.12 %<\/td>\n<\/tr>\n
NA.PR.W<\/td>\nFixedReset Disc<\/td>\n1.53 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-04-22
\nMaturity Price : 13.30
\nEvaluated at bid price : 13.30
\nBid-YTW : 5.68 %<\/td>\n<\/tr>\n
TRP.PR.A<\/td>\nFixedReset Disc<\/td>\n1.55 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-04-22
\nMaturity Price : 11.12
\nEvaluated at bid price : 11.12
\nBid-YTW : 6.11 %<\/td>\n<\/tr>\n
MFC.PR.I<\/td>\nFixedReset Ins Non<\/td>\n1.56 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-04-22
\nMaturity Price : 14.30
\nEvaluated at bid price : 14.30
\nBid-YTW : 6.15 %<\/td>\n<\/tr>\n
TD.PF.C<\/td>\nFixedReset Disc<\/td>\n1.61 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-04-22
\nMaturity Price : 13.92
\nEvaluated at bid price : 13.92
\nBid-YTW : 5.48 %<\/td>\n<\/tr>\n
TD.PF.A<\/td>\nFixedReset Disc<\/td>\n1.63 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-04-22
\nMaturity Price : 13.75
\nEvaluated at bid price : 13.75
\nBid-YTW : 5.40 %<\/td>\n<\/tr>\n
TRP.PR.F<\/td>\nFloatingReset<\/td>\n1.63 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-04-22
\nMaturity Price : 9.35
\nEvaluated at bid price : 9.35
\nBid-YTW : 5.75 %<\/td>\n<\/tr>\n
RY.PR.M<\/td>\nFixedReset Disc<\/td>\n1.64 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-04-22
\nMaturity Price : 13.75
\nEvaluated at bid price : 13.75
\nBid-YTW : 5.60 %<\/td>\n<\/tr>\n
BNS.PR.H<\/td>\nFixedReset Disc<\/td>\n1.75 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-04-22
\nMaturity Price : 21.67
\nEvaluated at bid price : 22.10
\nBid-YTW : 5.27 %<\/td>\n<\/tr>\n
BAM.PR.C<\/td>\nFloater<\/td>\n1.79 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-04-22
\nMaturity Price : 7.96
\nEvaluated at bid price : 7.96
\nBid-YTW : 5.44 %<\/td>\n<\/tr>\n
IAF.PR.G<\/td>\nFixedReset Ins Non<\/td>\n1.85 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-04-22
\nMaturity Price : 13.75
\nEvaluated at bid price : 13.75
\nBid-YTW : 6.19 %<\/td>\n<\/tr>\n
BAM.PR.B<\/td>\nFloater<\/td>\n2.03 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-04-22
\nMaturity Price : 8.06
\nEvaluated at bid price : 8.06
\nBid-YTW : 5.37 %<\/td>\n<\/tr>\n
BAM.PR.K<\/td>\nFloater<\/td>\n2.06 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-04-22
\nMaturity Price : 7.92
\nEvaluated at bid price : 7.92
\nBid-YTW : 5.47 %<\/td>\n<\/tr>\n
EIT.PR.B<\/td>\nSplitShare<\/td>\n2.13 %<\/td>\nYTW SCENARIO
\nMaturity Type : Soft Maturity
\nMaturity Date\t: 2025-03-14
\nMaturity Price : 25.00
\nEvaluated at bid price : 24.00
\nBid-YTW : 5.90 %<\/td>\n<\/tr>\n
PWF.PR.A<\/td>\nFloater<\/td>\n2.23 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-04-22
\nMaturity Price : 8.70
\nEvaluated at bid price : 8.70
\nBid-YTW : 5.00 %<\/td>\n<\/tr>\n
BMO.PR.C<\/td>\nFixedReset Disc<\/td>\n2.27 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-04-22
\nMaturity Price : 17.15
\nEvaluated at bid price : 17.15
\nBid-YTW : 5.75 %<\/td>\n<\/tr>\n
TRP.PR.C<\/td>\nFixedReset Disc<\/td>\n2.40 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-04-22
\nMaturity Price : 8.11
\nEvaluated at bid price : 8.11
\nBid-YTW : 6.20 %<\/td>\n<\/tr>\n
BIK.PR.A<\/td>\nFixedReset Disc<\/td>\n2.76 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-04-22
\nMaturity Price : 21.69
\nEvaluated at bid price : 22.00
\nBid-YTW : 6.72 %<\/td>\n<\/tr>\n
BAM.PF.H<\/td>\nFixedReset Disc<\/td>\n3.08 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-04-22
\nMaturity Price : 22.79
\nEvaluated at bid price : 23.45
\nBid-YTW : 5.35 %<\/td>\n<\/tr>\n
MFC.PR.G<\/td>\nFixedReset Ins Non<\/td>\n3.14 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-04-22
\nMaturity Price : 14.13
\nEvaluated at bid price : 14.13
\nBid-YTW : 6.11 %<\/td>\n<\/tr>\n
BAM.PR.X<\/td>\nFixedReset Disc<\/td>\n3.18 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-04-22
\nMaturity Price : 10.05
\nEvaluated at bid price : 10.05
\nBid-YTW : 5.82 %<\/td>\n<\/tr>\n
TD.PF.D<\/td>\nFixedReset Disc<\/td>\n3.45 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-04-22
\nMaturity Price : 15.00
\nEvaluated at bid price : 15.00
\nBid-YTW : 5.44 %<\/td>\n<\/tr>\n
SLF.PR.J<\/td>\nFloatingReset<\/td>\n3.49 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-04-22
\nMaturity Price : 8.60
\nEvaluated at bid price : 8.60
\nBid-YTW : 4.75 %<\/td>\n<\/tr>\n
TRP.PR.B<\/td>\nFixedReset Disc<\/td>\n3.50 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-04-22
\nMaturity Price : 7.40
\nEvaluated at bid price : 7.40
\nBid-YTW : 5.91 %<\/td>\n<\/tr>\n
MFC.PR.R<\/td>\nFixedReset Ins Non<\/td>\n3.61 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-04-22
\nMaturity Price : 18.65
\nEvaluated at bid price : 18.65
\nBid-YTW : 5.91 %<\/td>\n<\/tr>\n
SLF.PR.I<\/td>\nFixedReset Ins Non<\/td>\n4.40 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-04-22
\nMaturity Price : 14.25
\nEvaluated at bid price : 14.25
\nBid-YTW : 5.75 %<\/td>\n<\/tr>\n
HSE.PR.A<\/td>\nFixedReset Disc<\/td>\n4.84 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-04-22
\nMaturity Price : 5.41
\nEvaluated at bid price : 5.41
\nBid-YTW : 10.35 %<\/td>\n<\/tr>\n
BAM.PR.T<\/td>\nFixedReset Disc<\/td>\n5.86 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-04-22
\nMaturity Price : 11.75
\nEvaluated at bid price : 11.75
\nBid-YTW : 6.13 %<\/td>\n<\/tr>\n
HSE.PR.G<\/td>\nFixedReset Disc<\/td>\n8.82 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-04-22
\nMaturity Price : 9.25
\nEvaluated at bid price : 9.25
\nBid-YTW : 10.95 %<\/td>\n<\/tr>\n
HSE.PR.C<\/td>\nFixedReset Disc<\/td>\n9.50 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-04-22
\nMaturity Price : 9.80
\nEvaluated at bid price : 9.80
\nBid-YTW : 10.42 %<\/td>\n<\/tr>\n
HSE.PR.E<\/td>\nFixedReset Disc<\/td>\n11.60 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-04-22
\nMaturity Price : 10.10
\nEvaluated at bid price : 10.10
\nBid-YTW : 10.77 %<\/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
MFC.PR.B<\/td>\nDeemed-Retractible<\/td>\n233,650<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-04-22
\nMaturity Price : 19.72
\nEvaluated at bid price : 19.72
\nBid-YTW : 5.98 %<\/td>\n<\/tr>\n
PWF.PR.T<\/td>\nFixedReset Disc<\/td>\n156,424<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-04-22
\nMaturity Price : 13.00
\nEvaluated at bid price : 13.00
\nBid-YTW : 6.12 %<\/td>\n<\/tr>\n
POW.PR.D<\/td>\nPerpetual-Discount<\/td>\n56,700<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-04-22
\nMaturity Price : 20.20
\nEvaluated at bid price : 20.20
\nBid-YTW : 6.25 %<\/td>\n<\/tr>\n
MFC.PR.R<\/td>\nFixedReset Ins Non<\/td>\n29,100<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-04-22
\nMaturity Price : 18.65
\nEvaluated at bid price : 18.65
\nBid-YTW : 5.91 %<\/td>\n<\/tr>\n
BMO.PR.E<\/td>\nFixedReset Disc<\/td>\n28,244<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-04-22
\nMaturity Price : 16.68
\nEvaluated at bid price : 16.68
\nBid-YTW : 5.33 %<\/td>\n<\/tr>\n
TRP.PR.D<\/td>\nFixedReset Disc<\/td>\n27,985<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-04-22
\nMaturity Price : 12.50
\nEvaluated at bid price : 12.50
\nBid-YTW : 6.23 %<\/td>\n<\/tr>\n
There were 54 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
MFC.PR.M<\/td>\nFixedReset Ins Non<\/td>\nQuote: 12.75 – 15.20
\nSpot Rate : 2.4500
\nAverage : 1.6968<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-04-22
\nMaturity Price : 12.75
\nEvaluated at bid price : 12.75
\nBid-YTW : 6.15 %<\/td>\n<\/tr>\n

SLF.PR.G<\/td>\nFixedReset Ins Non<\/td>\nQuote: 8.00 – 9.00
\nSpot Rate : 1.0000
\nAverage : 0.7042<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-04-22
\nMaturity Price : 8.00
\nEvaluated at bid price : 8.00
\nBid-YTW : 5.88 %<\/td>\n<\/tr>\n

BAM.PF.J<\/td>\nFixedReset Disc<\/td>\nQuote: 22.00 – 24.20
\nSpot Rate : 2.2000
\nAverage : 1.9141<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-04-22
\nMaturity Price : 21.59
\nEvaluated at bid price : 22.00
\nBid-YTW : 5.43 %<\/td>\n<\/tr>\n

RY.PR.P<\/td>\nPerpetual-Discount<\/td>\nQuote: 23.60 – 24.40
\nSpot Rate : 0.8000
\nAverage : 0.5392<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-04-22
\nMaturity Price : 23.15
\nEvaluated at bid price : 23.60
\nBid-YTW : 5.54 %<\/td>\n<\/tr>\n

GWO.PR.N<\/td>\nFixedReset Ins Non<\/td>\nQuote: 9.10 – 9.79
\nSpot Rate : 0.6900
\nAverage : 0.4640<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-04-22
\nMaturity Price : 9.10
\nEvaluated at bid price : 9.10
\nBid-YTW : 4.89 %<\/td>\n<\/tr>\n

CM.PR.Y<\/td>\nFixedReset Disc<\/td>\nQuote: 19.93 – 20.84
\nSpot Rate : 0.9100
\nAverage : 0.6996<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-04-22
\nMaturity Price : 19.93
\nEvaluated at bid price : 19.93
\nBid-YTW : 5.49 %<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

PerpetualDiscounts now yield 6.15%, equivalent to 8.00% interest at the standard equivalency factor of 1.3x. Long corporates continue to yield 3.75%, so the pre-tax interest-equivalent spread (in this context, the \u201cSeniority Spread\u201d) has narrowed significantly, …<\/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-40766","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/40766","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=40766"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/40766\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=40766"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=40766"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=40766"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}