{"id":40803,"date":"2020-05-04T22:54:25","date_gmt":"2020-05-05T03:54:25","guid":{"rendered":"http:\/\/prefblog.com\/?p=40803"},"modified":"2020-05-04T22:54:25","modified_gmt":"2020-05-05T03:54:25","slug":"may-4-2020","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=40803","title":{"rendered":"May 4, 2020"},"content":{"rendered":"
<\/a>
Click for Big<\/i><\/div>\n

TXPR closed at 518.14<\/a>, down 0.52% on the day. Volume today was 2.08-million, third-lowest of the past thirty days, greater than only April 24<\/a> and May 1<\/a>.<\/p>\n

CPD closed at 10.36<\/a>, down 0.19% on the day. Volume was 87,012, on the low side in the context of the past 30 trading days.<\/p>\n

ZPR closed at 8.08<\/a>, down 0.25% on the day. Volume of 60,799 was by far the lowest of the past 30 trading days, lower than even April 17<\/a>.<\/p>\n

Five-year Canada yields were up 3bp to 0.41%<\/a> today.<\/p>\n

The AIMCo recriminations continue<\/a>:<\/p>\n

The chief executive of Alberta\u2019s flagship fund manager has failed to calm fears among pension clients over what they say is inappropriate risk-taking that resulted in a multibillion-dollar loss on market swings.<\/p>\n

The Alberta Investment Management Corp., known as AIMCo, held an online meeting on Thursday to update its clients on the recent performance problems, including what it said was an unanticipated $2.1-billion loss on derivatives \u2013 financial contracts that pay off only if stock markets remain stable \u2013 due to the impact of COVID-19 on the economy. AIMCo clients include pension plans for 375,000 nurses, 4,000 police officers and other civil servants in the province.
…<\/b>
An executive of one client said the group expected to be told the individuals responsible for the loss were suspended or fired. Another client said the costly investment strategy appears to be a symptom of deeper cultural problems within the organization related to risk management, and was disappointed that was not discussed during the meeting.<\/p><\/blockquote>\n

This is illustrative of my thesis that in-house management is the way to go. I’m not sure just how AIMCo’s client list works – are all of its clients there due to legislation or are they voluntary? Either way, they do not seem to be taking the position that they own the problem; the way that Teachers’, for instance, owns the problem if results are poor for a while. Somebody else owns the problems and they’re victims. So they are acting tough and demanding accountability, just the way they learned in business school and, I’ll bet a nickel, doing a little grandstanding to impress their beneficiaries.<\/p>\n

The implications of this dynamic are that every portfolio manager now has a role as salesman. There will be tendency for investments not to be selected solely on the basis of how well they might be judged to help achieve portfolio objectives; the portfolio manager also has to consider how well he will be able to justify the position to clients – very few of whom will have any more investment knowledge than any regular retail client – and what the personal consequences might be if such-and-such a position goes bad. And, what’s more, future PMs will be hired with the same considerations in mind.<\/p>\n

Nobody ever got fired for buying IBM! Ignorance is Strength! Closet-index the whole position! And so bureaucratic groupthink wins another round and your retirement funds are being managed by guys with deep voices and firm handshakes.<\/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>\n0.0628 %<\/td>\n1,435.8<\/td>\n<\/tr>\n
FixedFloater<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.0628 %<\/td>\n2,634.6<\/td>\n<\/tr>\n
Floater<\/td>\n5.38 %<\/td>\n5.60 %<\/td>\n37,049<\/td>\n14.48<\/td>\n4<\/td>\n0.0628 %<\/td>\n1,518.3<\/td>\n<\/tr>\n
OpRet<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.2363 %<\/td>\n3,312.9<\/td>\n<\/tr>\n
SplitShare<\/td>\n5.01 %<\/td>\n5.92 %<\/td>\n65,682<\/td>\n3.90<\/td>\n7<\/td>\n0.2363 %<\/td>\n3,956.3<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.2363 %<\/td>\n3,086.8<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.3152 %<\/td>\n2,883.9<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n5.82 %<\/td>\n6.01 %<\/td>\n88,239<\/td>\n13.88<\/td>\n35<\/td>\n-0.3152 %<\/td>\n3,093.3<\/td>\n<\/tr>\n
FixedReset Disc<\/td>\n6.41 %<\/td>\n5.28 %<\/td>\n204,619<\/td>\n14.73<\/td>\n83<\/td>\n0.0402 %<\/td>\n1,773.1<\/td>\n<\/tr>\n
Deemed-Retractible<\/td>\n5.62 %<\/td>\n5.92 %<\/td>\n95,765<\/td>\n13.76<\/td>\n27<\/td>\n-0.2710 %<\/td>\n3,015.6<\/td>\n<\/tr>\n
FloatingReset<\/td>\n5.01 %<\/td>\n4.96 %<\/td>\n60,026<\/td>\n15.56<\/td>\n3<\/td>\n1.6832 %<\/td>\n1,761.1<\/td>\n<\/tr>\n
FixedReset Prem<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.0402 %<\/td>\n2,452.2<\/td>\n<\/tr>\n
FixedReset Bank Non<\/td>\n1.99 %<\/td>\n3.21 %<\/td>\n185,459<\/td>\n1.70<\/td>\n2<\/td>\n-0.1847 %<\/td>\n2,772.5<\/td>\n<\/tr>\n
FixedReset Ins Non<\/td>\n6.68 %<\/td>\n5.46 %<\/td>\n128,407<\/td>\n14.22<\/td>\n22<\/td>\n-0.2107 %<\/td>\n1,778.9<\/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
Performance Highlights<\/strong><\/td>\n<\/tr>\n
Issue<\/td>\nIndex<\/td>\nChange<\/td>\nNotes<\/td>\n<\/tr>\n
BAM.PR.X<\/td>\nFixedReset Disc<\/td>\n-9.14 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-04
\nMaturity Price : 9.25
\nEvaluated at bid price : 9.25
\nBid-YTW : 6.21 %<\/td>\n<\/tr>\n
HSE.PR.A<\/td>\nFixedReset Disc<\/td>\n-7.29 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-04
\nMaturity Price : 5.85
\nEvaluated at bid price : 5.85
\nBid-YTW : 9.33 %<\/td>\n<\/tr>\n
TD.PF.E<\/td>\nFixedReset Disc<\/td>\n-6.10 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-04
\nMaturity Price : 14.32
\nEvaluated at bid price : 14.32
\nBid-YTW : 5.76 %<\/td>\n<\/tr>\n
MFC.PR.H<\/td>\nFixedReset Ins Non<\/td>\n-2.68 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-04
\nMaturity Price : 15.62
\nEvaluated at bid price : 15.62
\nBid-YTW : 5.88 %<\/td>\n<\/tr>\n
SLF.PR.A<\/td>\nDeemed-Retractible<\/td>\n-2.65 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-04
\nMaturity Price : 20.23
\nEvaluated at bid price : 20.23
\nBid-YTW : 5.95 %<\/td>\n<\/tr>\n
BAM.PR.T<\/td>\nFixedReset Disc<\/td>\n-2.51 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-04
\nMaturity Price : 11.65
\nEvaluated at bid price : 11.65
\nBid-YTW : 6.08 %<\/td>\n<\/tr>\n
POW.PR.C<\/td>\nPerpetual-Discount<\/td>\n-2.49 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-04
\nMaturity Price : 23.20
\nEvaluated at bid price : 23.50
\nBid-YTW : 6.23 %<\/td>\n<\/tr>\n
MFC.PR.K<\/td>\nFixedReset Ins Non<\/td>\n-2.30 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-04
\nMaturity Price : 14.02
\nEvaluated at bid price : 14.02
\nBid-YTW : 5.38 %<\/td>\n<\/tr>\n
GWO.PR.F<\/td>\nDeemed-Retractible<\/td>\n-2.18 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-04
\nMaturity Price : 23.96
\nEvaluated at bid price : 24.21
\nBid-YTW : 6.17 %<\/td>\n<\/tr>\n
TD.PF.K<\/td>\nFixedReset Disc<\/td>\n-2.02 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-04
\nMaturity Price : 17.00
\nEvaluated at bid price : 17.00
\nBid-YTW : 4.95 %<\/td>\n<\/tr>\n
GWO.PR.N<\/td>\nFixedReset Ins Non<\/td>\n-1.94 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-04
\nMaturity Price : 9.10
\nEvaluated at bid price : 9.10
\nBid-YTW : 4.74 %<\/td>\n<\/tr>\n
HSE.PR.G<\/td>\nFixedReset Disc<\/td>\n-1.83 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-04
\nMaturity Price : 10.22
\nEvaluated at bid price : 10.22
\nBid-YTW : 9.77 %<\/td>\n<\/tr>\n
NA.PR.C<\/td>\nFixedReset Disc<\/td>\n-1.71 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-04
\nMaturity Price : 17.20
\nEvaluated at bid price : 17.20
\nBid-YTW : 5.72 %<\/td>\n<\/tr>\n
SLF.PR.G<\/td>\nFixedReset Ins Non<\/td>\n-1.63 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-04
\nMaturity Price : 9.05
\nEvaluated at bid price : 9.05
\nBid-YTW : 5.03 %<\/td>\n<\/tr>\n
TRP.PR.A<\/td>\nFixedReset Disc<\/td>\n-1.62 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-04
\nMaturity Price : 11.51
\nEvaluated at bid price : 11.51
\nBid-YTW : 5.80 %<\/td>\n<\/tr>\n
BIP.PR.A<\/td>\nFixedReset Disc<\/td>\n-1.61 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-04
\nMaturity Price : 14.03
\nEvaluated at bid price : 14.03
\nBid-YTW : 7.15 %<\/td>\n<\/tr>\n
CIU.PR.A<\/td>\nPerpetual-Discount<\/td>\n-1.54 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-04
\nMaturity Price : 20.51
\nEvaluated at bid price : 20.51
\nBid-YTW : 5.72 %<\/td>\n<\/tr>\n
GWO.PR.L<\/td>\nDeemed-Retractible<\/td>\n-1.52 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-04
\nMaturity Price : 23.13
\nEvaluated at bid price : 23.39
\nBid-YTW : 6.11 %<\/td>\n<\/tr>\n
GWO.PR.T<\/td>\nDeemed-Retractible<\/td>\n-1.39 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-04
\nMaturity Price : 21.35
\nEvaluated at bid price : 21.35
\nBid-YTW : 6.12 %<\/td>\n<\/tr>\n
BMO.PR.S<\/td>\nFixedReset Disc<\/td>\n-1.35 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-04
\nMaturity Price : 14.61
\nEvaluated at bid price : 14.61
\nBid-YTW : 5.10 %<\/td>\n<\/tr>\n
BAM.PF.B<\/td>\nFixedReset Disc<\/td>\n-1.32 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-04
\nMaturity Price : 14.25
\nEvaluated at bid price : 14.25
\nBid-YTW : 5.98 %<\/td>\n<\/tr>\n
GWO.PR.P<\/td>\nDeemed-Retractible<\/td>\n-1.29 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-04
\nMaturity Price : 22.00
\nEvaluated at bid price : 22.23
\nBid-YTW : 6.15 %<\/td>\n<\/tr>\n
MFC.PR.C<\/td>\nDeemed-Retractible<\/td>\n-1.27 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-04
\nMaturity Price : 19.45
\nEvaluated at bid price : 19.45
\nBid-YTW : 5.88 %<\/td>\n<\/tr>\n
TRP.PR.E<\/td>\nFixedReset Disc<\/td>\n-1.21 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-04
\nMaturity Price : 13.10
\nEvaluated at bid price : 13.10
\nBid-YTW : 5.79 %<\/td>\n<\/tr>\n
SLF.PR.B<\/td>\nDeemed-Retractible<\/td>\n-1.14 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-04
\nMaturity Price : 20.88
\nEvaluated at bid price : 20.88
\nBid-YTW : 5.83 %<\/td>\n<\/tr>\n
CU.PR.F<\/td>\nPerpetual-Discount<\/td>\n-1.10 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-04
\nMaturity Price : 20.62
\nEvaluated at bid price : 20.62
\nBid-YTW : 5.56 %<\/td>\n<\/tr>\n
NA.PR.W<\/td>\nFixedReset Disc<\/td>\n-1.06 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-04
\nMaturity Price : 14.04
\nEvaluated at bid price : 14.04
\nBid-YTW : 5.30 %<\/td>\n<\/tr>\n
GWO.PR.G<\/td>\nDeemed-Retractible<\/td>\n1.02 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-04
\nMaturity Price : 21.46
\nEvaluated at bid price : 21.72
\nBid-YTW : 6.06 %<\/td>\n<\/tr>\n
CM.PR.Y<\/td>\nFixedReset Disc<\/td>\n1.08 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-04
\nMaturity Price : 20.50
\nEvaluated at bid price : 20.50
\nBid-YTW : 5.28 %<\/td>\n<\/tr>\n
EIT.PR.A<\/td>\nSplitShare<\/td>\n1.22 %<\/td>\nYTW SCENARIO
\nMaturity Type : Soft Maturity
\nMaturity Date\t: 2024-03-14
\nMaturity Price : 25.00
\nEvaluated at bid price : 24.09
\nBid-YTW : 6.10 %<\/td>\n<\/tr>\n
PWF.PR.G<\/td>\nPerpetual-Discount<\/td>\n1.24 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-04
\nMaturity Price : 24.21
\nEvaluated at bid price : 24.50
\nBid-YTW : 6.06 %<\/td>\n<\/tr>\n
BAM.PF.H<\/td>\nFixedReset Disc<\/td>\n1.28 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-04
\nMaturity Price : 23.11
\nEvaluated at bid price : 23.80
\nBid-YTW : 5.28 %<\/td>\n<\/tr>\n
TRP.PR.K<\/td>\nFixedReset Disc<\/td>\n1.29 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-04
\nMaturity Price : 22.49
\nEvaluated at bid price : 22.80
\nBid-YTW : 5.46 %<\/td>\n<\/tr>\n
MFC.PR.R<\/td>\nFixedReset Ins Non<\/td>\n1.31 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-04
\nMaturity Price : 19.30
\nEvaluated at bid price : 19.30
\nBid-YTW : 5.65 %<\/td>\n<\/tr>\n
TRP.PR.C<\/td>\nFixedReset Disc<\/td>\n1.35 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-04
\nMaturity Price : 8.24
\nEvaluated at bid price : 8.24
\nBid-YTW : 5.94 %<\/td>\n<\/tr>\n
W.PR.K<\/td>\nFixedReset Disc<\/td>\n1.35 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-04
\nMaturity Price : 23.29
\nEvaluated at bid price : 23.95
\nBid-YTW : 5.50 %<\/td>\n<\/tr>\n
CM.PR.S<\/td>\nFixedReset Disc<\/td>\n1.46 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-04
\nMaturity Price : 15.28
\nEvaluated at bid price : 15.28
\nBid-YTW : 5.14 %<\/td>\n<\/tr>\n
TD.PF.G<\/td>\nFixedReset Disc<\/td>\n1.60 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-04
\nMaturity Price : 24.28
\nEvaluated at bid price : 24.70
\nBid-YTW : 5.15 %<\/td>\n<\/tr>\n
TRP.PR.G<\/td>\nFixedReset Disc<\/td>\n1.77 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-04
\nMaturity Price : 14.40
\nEvaluated at bid price : 14.40
\nBid-YTW : 5.96 %<\/td>\n<\/tr>\n
HSE.PR.E<\/td>\nFixedReset Disc<\/td>\n1.85 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-04
\nMaturity Price : 11.00
\nEvaluated at bid price : 11.00
\nBid-YTW : 9.79 %<\/td>\n<\/tr>\n
CU.PR.C<\/td>\nFixedReset Disc<\/td>\n2.24 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-04
\nMaturity Price : 15.09
\nEvaluated at bid price : 15.09
\nBid-YTW : 4.83 %<\/td>\n<\/tr>\n
TRP.PR.F<\/td>\nFloatingReset<\/td>\n2.30 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-04
\nMaturity Price : 9.80
\nEvaluated at bid price : 9.80
\nBid-YTW : 5.58 %<\/td>\n<\/tr>\n
TRP.PR.H<\/td>\nFloatingReset<\/td>\n3.20 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-04
\nMaturity Price : 7.75
\nEvaluated at bid price : 7.75
\nBid-YTW : 4.96 %<\/td>\n<\/tr>\n
IAF.PR.B<\/td>\nDeemed-Retractible<\/td>\n3.73 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-04
\nMaturity Price : 20.00
\nEvaluated at bid price : 20.00
\nBid-YTW : 5.83 %<\/td>\n<\/tr>\n
BAM.PF.E<\/td>\nFixedReset Disc<\/td>\n6.40 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-04
\nMaturity Price : 13.30
\nEvaluated at bid price : 13.30
\nBid-YTW : 5.97 %<\/td>\n<\/tr>\n
NA.PR.A<\/td>\nFixedReset Disc<\/td>\n6.82 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-04
\nMaturity Price : 23.02
\nEvaluated at bid price : 23.50
\nBid-YTW : 5.39 %<\/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 Disc<\/td>\n62,681<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-04
\nMaturity Price : 24.28
\nEvaluated at bid price : 24.70
\nBid-YTW : 5.15 %<\/td>\n<\/tr>\n
TD.PF.C<\/td>\nFixedReset Disc<\/td>\n49,200<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-04
\nMaturity Price : 15.02
\nEvaluated at bid price : 15.02
\nBid-YTW : 4.98 %<\/td>\n<\/tr>\n
CM.PR.Q<\/td>\nFixedReset Disc<\/td>\n48,000<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-04
\nMaturity Price : 14.25
\nEvaluated at bid price : 14.25
\nBid-YTW : 5.64 %<\/td>\n<\/tr>\n
TD.PF.L<\/td>\nFixedReset Disc<\/td>\n45,200<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-04
\nMaturity Price : 20.20
\nEvaluated at bid price : 20.20
\nBid-YTW : 4.98 %<\/td>\n<\/tr>\n
MFC.PR.M<\/td>\nFixedReset Ins Non<\/td>\n28,600<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-04
\nMaturity Price : 14.10
\nEvaluated at bid price : 14.10
\nBid-YTW : 5.46 %<\/td>\n<\/tr>\n
CM.PR.R<\/td>\nFixedReset Disc<\/td>\n26,800<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-04
\nMaturity Price : 17.35
\nEvaluated at bid price : 17.35
\nBid-YTW : 5.61 %<\/td>\n<\/tr>\n
There were 23 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
BNS.PR.I<\/td>\nFixedReset Disc<\/td>\nQuote: 17.78 – 20.30
\nSpot Rate : 2.5200
\nAverage : 1.4835<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-04
\nMaturity Price : 17.78
\nEvaluated at bid price : 17.78
\nBid-YTW : 4.56 %<\/td>\n<\/tr>\n

TRP.PR.C<\/td>\nFixedReset Disc<\/td>\nQuote: 8.24 – 9.99
\nSpot Rate : 1.7500
\nAverage : 1.1327<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-04
\nMaturity Price : 8.24
\nEvaluated at bid price : 8.24
\nBid-YTW : 5.94 %<\/td>\n<\/tr>\n

TD.PF.E<\/td>\nFixedReset Disc<\/td>\nQuote: 14.32 – 16.40
\nSpot Rate : 2.0800
\nAverage : 1.7437<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-04
\nMaturity Price : 14.32
\nEvaluated at bid price : 14.32
\nBid-YTW : 5.76 %<\/td>\n<\/tr>\n

CM.PR.Q<\/td>\nFixedReset Disc<\/td>\nQuote: 14.25 – 15.47
\nSpot Rate : 1.2200
\nAverage : 0.9148<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-04
\nMaturity Price : 14.25
\nEvaluated at bid price : 14.25
\nBid-YTW : 5.64 %<\/td>\n<\/tr>\n

CU.PR.I<\/td>\nFixedReset Disc<\/td>\nQuote: 24.05 – 24.80
\nSpot Rate : 0.7500
\nAverage : 0.4452<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-04
\nMaturity Price : 23.33
\nEvaluated at bid price : 24.05
\nBid-YTW : 4.71 %<\/td>\n<\/tr>\n

TRP.PR.B<\/td>\nFixedReset Disc<\/td>\nQuote: 7.39 – 8.25
\nSpot Rate : 0.8600
\nAverage : 0.6173<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-04
\nMaturity Price : 7.39
\nEvaluated at bid price : 7.39
\nBid-YTW : 5.73 %<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Click for Big TXPR closed at 518.14, down 0.52% on the day. Volume today was 2.08-million, third-lowest of the past thirty days, greater than only April 24 and May 1. CPD closed at 10.36, down …<\/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-40803","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/40803","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=40803"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/40803\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=40803"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=40803"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=40803"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}