{"id":40842,"date":"2020-05-13T22:08:29","date_gmt":"2020-05-14T03:08:29","guid":{"rendered":"http:\/\/prefblog.com\/?p=40842"},"modified":"2020-05-13T22:08:29","modified_gmt":"2020-05-14T03:08:29","slug":"may-13-2020","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=40842","title":{"rendered":"May 13, 2020"},"content":{"rendered":"<div align=\"center\"><a href=\"http:\/\/prefblog.com\/wp-content\/uploads\/2020\/05\/mushroomCloud_200513.jpg\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/prefblog.com\/wp-content\/uploads\/2020\/05\/mushroomCloud_200513-300x300.jpg\" alt=\"mushroomcloud_200513\" width=\"400\" height=\"400\" class=\"alignnone size-medium wp-image-40843\" \/><\/a><br \/><i>Click for Big<\/i><\/div>\n<div align=\"center\"><a href=\"http:\/\/prefblog.com\/wp-content\/uploads\/2020\/05\/soupLine_200513.jpg\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/prefblog.com\/wp-content\/uploads\/2020\/05\/soupLine_200513-300x233.jpg\" alt=\"soupline_200513\" width=\"400\" height=\"311\" class=\"alignnone size-medium wp-image-40844\" \/><\/a><br \/><i>Click for Big<\/i><\/div>\n<p>Powell reminded us today that monetary policy is one thing and <a href=\"https:\/\/www.nytimes.com\/2020\/05\/13\/business\/economy\/fed-chair-powell-economy-virus-support.html\">fiscal policy is another thing<\/a>:<\/p>\n<blockquote><p>The Federal Reserve chair, Jerome H. Powell, delivered a stark warning on Wednesday that the United States was experiencing an economic hit \u201cwithout modern precedent,\u201d one that could permanently damage the economy if Congress and the White House did not provide sufficient financial support to prevent a wave of bankruptcies and prolonged joblessness.<\/p>\n<p>Mr. Powell\u2019s blunt diagnosis was the latest indication that the trillions of dollars that policymakers have already funneled into the economy may not be enough to forestall lasting damage from a virus that has already shuttered businesses and thrown more than 20 million people out of work.<br \/><b>&#8230;.<\/b><br \/>\u201cThe recovery may take some time to gather momentum,\u201d Mr. Powell said at a Peterson Institute for International Economics virtual event. \u201cAdditional fiscal support could be costly, but worth it if it helps avoid long-term economic damage and leaves us with a stronger recovery.\u201d<\/p><\/blockquote>\n<p>The markets <a href=\"https:\/\/www.theglobeandmail.com\/investing\/markets\/inside-the-market\/market-news\/article-premarket-fear-of-coronavirus-second-wave-stalks-world-markets\/\">hated this heresy<\/a>:<\/p>\n<blockquote><p>U.S. and Canadian stocks fell sharply Wednesday after Federal Reserve Chairman Jerome Powell warned of extended economic weakness due to the coronavirus pandemic and called for Congress to agree on additional fiscal support.<\/p>\n<p>Investors appeared to price in a deeper economic downturn than they had previously expected as they worried that Powell\u2019s call for additional stimulus would go unanswered.<\/p>\n<p>Sentiment for Toronto Stock Exchange stocks was further undermined by news that Norway\u2019s US$1-trillion wealth fund blacklisted some Canadian oil companies such as Canadian Natural Resources Ltd and Suncor Energy Inc. The fund operates under ethical guidelines set by that country\u2019s parliament and said it was excluding the companies for producing excessive greenhouse gas emissions.<\/p>\n<p>The benchmark U.S. S&#038;P 500 index fell 1.75 per cent and Canada\u2019s S&#038;P\/TSX Composite Index lost 2.54 per cent to a two-week low as the energy sector tumbled 5.75 per cent.<\/p><\/blockquote>\n<p>TXPR <a href=\"https:\/\/web.tmxmoney.com\/quote.php?qm_symbol=txpr\">closed at 512.29<\/a>, down 2.03% on the day. Volume today was 2.71-million, roughly average in the context of the past thirty days.<\/p>\n<p>CPD <a href=\"https:\/\/web.tmxmoney.com\/quote.php?qm_symbol=cpd\">closed at 10.26<\/a>, down 1.44% on the day. Volume was 237,998, the highest of the past 30 trading days, exceeding second-place <a href=\"http:\/\/prefblog.com\/?p=40786\">April 29<\/a>.<\/p>\n<p>ZPR <a href=\"https:\/\/web.tmxmoney.com\/quote.php?qm_symbol=zpr\">closed at 7.97<\/a>, down 2.33% on the day. Volume of 397,224 was third-highest of the past 30 trading days, behind <a href=\"http:\/\/prefblog.com\/?p=40769\">April 23<\/a> and <a href=\"http:\/\/prefblog.com\/?p=40794\">April 30<\/a>.<\/p>\n<p>Five-year Canada yields were <a href=\"https:\/\/www.investing.com\/rates-bonds\/canada-5-year-bond-yield-historical-data\">up 1bp to 0.39%<\/a> today.<\/p>\n<p>PerpetualDiscounts now yield 6.06%, equivalent to 7.88% interest at the standard equivalency factor of 1.3x. <a href=\"https:\/\/www.bmo.com\/gam\/ca\/advisor\/products\/etfs?fundUrl=\/fundProfile\/ZLC#fundUrl=%2FfundProfile%2FZLC\">Long corporates<\/a> now yield 3.31%, so the pre-tax interest-equivalent spread (in this context, the \u201cSeniority Spread\u201d) has widened dramatically, to 455bp from the 435bp reported <a href=\"http:\/\/prefblog.com\/?p=40786\">April 29<\/a>. We are now back above the <a href=\"http:\/\/prefblog.com\/?p=4178\">pre-2020 record of 445bp briefly touched in 2008<\/a>.<\/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>0.00 %<\/td>\n<td>0.00 %<\/td>\n<td>0<\/td>\n<td>0.00<\/td>\n<td>0<\/td>\n<td>-2.4605 %<\/td>\n<td>1,445.7<\/td>\n<\/tr>\n<tr>\n<td>FixedFloater<\/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>-2.4605 %<\/td>\n<td>2,652.8<\/td>\n<\/tr>\n<tr>\n<td>Floater<\/td>\n<td>5.34 %<\/td>\n<td>5.59 %<\/td>\n<td>32,563<\/td>\n<td>14.47<\/td>\n<td>4<\/td>\n<td>-2.4605 %<\/td>\n<td>1,528.8<\/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>-0.8945 %<\/td>\n<td>3,331.4<\/td>\n<\/tr>\n<tr>\n<td>SplitShare<\/td>\n<td>4.98 %<\/td>\n<td>5.64 %<\/td>\n<td>81,009<\/td>\n<td>3.88<\/td>\n<td>7<\/td>\n<td>-0.8945 %<\/td>\n<td>3,978.4<\/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>-0.8945 %<\/td>\n<td>3,104.1<\/td>\n<\/tr>\n<tr>\n<td>Perpetual-Premium<\/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>-0.3932 %<\/td>\n<td>2,882.5<\/td>\n<\/tr>\n<tr>\n<td>Perpetual-Discount<\/td>\n<td>5.84 %<\/td>\n<td>6.06 %<\/td>\n<td>83,316<\/td>\n<td>13.78<\/td>\n<td>35<\/td>\n<td>-0.3932 %<\/td>\n<td>3,091.8<\/td>\n<\/tr>\n<tr>\n<td>FixedReset Disc<\/td>\n<td>6.49 %<\/td>\n<td>5.37 %<\/td>\n<td>199,471<\/td>\n<td>14.70<\/td>\n<td>83<\/td>\n<td>-2.5771 %<\/td>\n<td>1,752.6<\/td>\n<\/tr>\n<tr>\n<td>Deemed-Retractible<\/td>\n<td>5.55 %<\/td>\n<td>5.84 %<\/td>\n<td>95,425<\/td>\n<td>13.75<\/td>\n<td>27<\/td>\n<td>-0.3942 %<\/td>\n<td>3,054.7<\/td>\n<\/tr>\n<tr>\n<td>FloatingReset<\/td>\n<td>5.00 %<\/td>\n<td>4.96 %<\/td>\n<td>58,196<\/td>\n<td>15.53<\/td>\n<td>3<\/td>\n<td>-1.0582 %<\/td>\n<td>1,734.6<\/td>\n<\/tr>\n<tr>\n<td>FixedReset Prem<\/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>-2.5771 %<\/td>\n<td>2,423.8<\/td>\n<\/tr>\n<tr>\n<td>FixedReset Bank Non<\/td>\n<td>2.00 %<\/td>\n<td>3.51 %<\/td>\n<td>173,383<\/td>\n<td>1.68<\/td>\n<td>2<\/td>\n<td>-0.6780 %<\/td>\n<td>2,755.4<\/td>\n<\/tr>\n<tr>\n<td>FixedReset Ins Non<\/td>\n<td>6.79 %<\/td>\n<td>5.56 %<\/td>\n<td>126,693<\/td>\n<td>14.12<\/td>\n<td>22<\/td>\n<td>-3.0785 %<\/td>\n<td>1,751.6<\/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>PWF.PR.P<\/td>\n<td>FixedReset Disc<\/td>\n<td>-14.21 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-05-13<br \/>\nMaturity Price  : 8.15<br \/>\nEvaluated at bid price : 8.15<br \/>\nBid-YTW : 6.13 %<\/td>\n<\/tr>\n<tr>\n<td>SLF.PR.H<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>-12.28 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-05-13<br \/>\nMaturity Price  : 11.00<br \/>\nEvaluated at bid price : 11.00<br \/>\nBid-YTW : 5.90 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PR.X<\/td>\n<td>FixedReset Disc<\/td>\n<td>-8.17 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-05-13<br \/>\nMaturity Price  : 9.10<br \/>\nEvaluated at bid price : 9.10<br \/>\nBid-YTW : 6.25 %<\/td>\n<\/tr>\n<tr>\n<td>NA.PR.G<\/td>\n<td>FixedReset Disc<\/td>\n<td>-7.35 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-05-13<br \/>\nMaturity Price  : 15.75<br \/>\nEvaluated at bid price : 15.75<br \/>\nBid-YTW : 5.60 %<\/td>\n<\/tr>\n<tr>\n<td>IFC.PR.C<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>-7.20 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-05-13<br \/>\nMaturity Price  : 13.40<br \/>\nEvaluated at bid price : 13.40<br \/>\nBid-YTW : 5.77 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PR.Z<\/td>\n<td>FixedReset Disc<\/td>\n<td>-6.86 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-05-13<br \/>\nMaturity Price  : 13.85<br \/>\nEvaluated at bid price : 13.85<br \/>\nBid-YTW : 6.53 %<\/td>\n<\/tr>\n<tr>\n<td>HSE.PR.A<\/td>\n<td>FixedReset Disc<\/td>\n<td>-6.70 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-05-13<br \/>\nMaturity Price  : 5.71<br \/>\nEvaluated at bid price : 5.71<br \/>\nBid-YTW : 9.47 %<\/td>\n<\/tr>\n<tr>\n<td>HSE.PR.E<\/td>\n<td>FixedReset Disc<\/td>\n<td>-6.68 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-05-13<br \/>\nMaturity Price  : 10.75<br \/>\nEvaluated at bid price : 10.75<br \/>\nBid-YTW : 10.01 %<\/td>\n<\/tr>\n<tr>\n<td>GWO.PR.N<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>-6.24 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-05-13<br \/>\nMaturity Price  : 8.86<br \/>\nEvaluated at bid price : 8.86<br \/>\nBid-YTW : 4.79 %<\/td>\n<\/tr>\n<tr>\n<td>HSE.PR.C<\/td>\n<td>FixedReset Disc<\/td>\n<td>-6.22 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-05-13<br \/>\nMaturity Price  : 10.55<br \/>\nEvaluated at bid price : 10.55<br \/>\nBid-YTW : 9.53 %<\/td>\n<\/tr>\n<tr>\n<td>BMO.PR.T<\/td>\n<td>FixedReset Disc<\/td>\n<td>-5.75 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-05-13<br \/>\nMaturity Price  : 13.43<br \/>\nEvaluated at bid price : 13.43<br \/>\nBid-YTW : 5.32 %<\/td>\n<\/tr>\n<tr>\n<td>HSE.PR.G<\/td>\n<td>FixedReset Disc<\/td>\n<td>-5.75 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-05-13<br \/>\nMaturity Price  : 10.00<br \/>\nEvaluated at bid price : 10.00<br \/>\nBid-YTW : 9.94 %<\/td>\n<\/tr>\n<tr>\n<td>MFC.PR.M<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>-5.70 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-05-13<br \/>\nMaturity Price  : 13.72<br \/>\nEvaluated at bid price : 13.72<br \/>\nBid-YTW : 5.59 %<\/td>\n<\/tr>\n<tr>\n<td>RY.PR.S<\/td>\n<td>FixedReset Disc<\/td>\n<td>-5.29 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-05-13<br \/>\nMaturity Price  : 16.65<br \/>\nEvaluated at bid price : 16.65<br \/>\nBid-YTW : 4.76 %<\/td>\n<\/tr>\n<tr>\n<td>TD.PF.K<\/td>\n<td>FixedReset Disc<\/td>\n<td>-5.25 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-05-13<br \/>\nMaturity Price  : 16.25<br \/>\nEvaluated at bid price : 16.25<br \/>\nBid-YTW : 5.16 %<\/td>\n<\/tr>\n<tr>\n<td>CM.PR.O<\/td>\n<td>FixedReset Disc<\/td>\n<td>-5.24 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-05-13<br \/>\nMaturity Price  : 13.37<br \/>\nEvaluated at bid price : 13.37<br \/>\nBid-YTW : 5.56 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PF.J<\/td>\n<td>FixedReset Disc<\/td>\n<td>-4.98 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-05-13<br \/>\nMaturity Price  : 21.00<br \/>\nEvaluated at bid price : 21.00<br \/>\nBid-YTW : 5.74 %<\/td>\n<\/tr>\n<tr>\n<td>TRP.PR.G<\/td>\n<td>FixedReset Disc<\/td>\n<td>-4.84 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-05-13<br \/>\nMaturity Price  : 13.56<br \/>\nEvaluated at bid price : 13.56<br \/>\nBid-YTW : 6.29 %<\/td>\n<\/tr>\n<tr>\n<td>TRP.PR.C<\/td>\n<td>FixedReset Disc<\/td>\n<td>-4.67 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-05-13<br \/>\nMaturity Price  : 8.16<br \/>\nEvaluated at bid price : 8.16<br \/>\nBid-YTW : 5.92 %<\/td>\n<\/tr>\n<tr>\n<td>SLF.PR.G<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>-4.62 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-05-13<br \/>\nMaturity Price  : 8.87<br \/>\nEvaluated at bid price : 8.87<br \/>\nBid-YTW : 5.06 %<\/td>\n<\/tr>\n<tr>\n<td>RY.PR.H<\/td>\n<td>FixedReset Disc<\/td>\n<td>-4.60 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-05-13<br \/>\nMaturity Price  : 14.74<br \/>\nEvaluated at bid price : 14.74<br \/>\nBid-YTW : 4.87 %<\/td>\n<\/tr>\n<tr>\n<td>IFC.PR.A<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>-4.57 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-05-13<br \/>\nMaturity Price  : 10.45<br \/>\nEvaluated at bid price : 10.45<br \/>\nBid-YTW : 5.56 %<\/td>\n<\/tr>\n<tr>\n<td>CM.PR.Q<\/td>\n<td>FixedReset Disc<\/td>\n<td>-4.51 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-05-13<br \/>\nMaturity Price  : 13.75<br \/>\nEvaluated at bid price : 13.75<br \/>\nBid-YTW : 5.80 %<\/td>\n<\/tr>\n<tr>\n<td>NA.PR.S<\/td>\n<td>FixedReset Disc<\/td>\n<td>-4.50 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-05-13<br \/>\nMaturity Price  : 14.23<br \/>\nEvaluated at bid price : 14.23<br \/>\nBid-YTW : 5.39 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PR.R<\/td>\n<td>FixedReset Disc<\/td>\n<td>-4.42 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-05-13<br \/>\nMaturity Price  : 10.60<br \/>\nEvaluated at bid price : 10.60<br \/>\nBid-YTW : 6.44 %<\/td>\n<\/tr>\n<tr>\n<td>BMO.PR.C<\/td>\n<td>FixedReset Disc<\/td>\n<td>-4.34 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-05-13<br \/>\nMaturity Price  : 17.63<br \/>\nEvaluated at bid price : 17.63<br \/>\nBid-YTW : 5.39 %<\/td>\n<\/tr>\n<tr>\n<td>CM.PR.Y<\/td>\n<td>FixedReset Disc<\/td>\n<td>-4.32 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-05-13<br \/>\nMaturity Price  : 20.38<br \/>\nEvaluated at bid price : 20.38<br \/>\nBid-YTW : 5.29 %<\/td>\n<\/tr>\n<tr>\n<td>BNS.PR.I<\/td>\n<td>FixedReset Disc<\/td>\n<td>-4.26 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-05-13<br \/>\nMaturity Price  : 16.85<br \/>\nEvaluated at bid price : 16.85<br \/>\nBid-YTW : 4.80 %<\/td>\n<\/tr>\n<tr>\n<td>IAF.PR.G<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>-4.20 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-05-13<br \/>\nMaturity Price  : 14.59<br \/>\nEvaluated at bid price : 14.59<br \/>\nBid-YTW : 5.71 %<\/td>\n<\/tr>\n<tr>\n<td>NA.PR.E<\/td>\n<td>FixedReset Disc<\/td>\n<td>-4.19 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-05-13<br \/>\nMaturity Price  : 15.10<br \/>\nEvaluated at bid price : 15.10<br \/>\nBid-YTW : 5.38 %<\/td>\n<\/tr>\n<tr>\n<td>RY.PR.Z<\/td>\n<td>FixedReset Disc<\/td>\n<td>-4.17 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-05-13<br \/>\nMaturity Price  : 14.72<br \/>\nEvaluated at bid price : 14.72<br \/>\nBid-YTW : 4.80 %<\/td>\n<\/tr>\n<tr>\n<td>PVS.PR.G<\/td>\n<td>SplitShare<\/td>\n<td>-4.09 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Option Certainty<br \/>\nMaturity Date\t: 2026-02-28<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 23.45<br \/>\nBid-YTW : 6.42 %<\/td>\n<\/tr>\n<tr>\n<td>BIP.PR.D<\/td>\n<td>FixedReset Disc<\/td>\n<td>-4.08 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-05-13<br \/>\nMaturity Price  : 19.28<br \/>\nEvaluated at bid price : 19.28<br \/>\nBid-YTW : 6.59 %<\/td>\n<\/tr>\n<tr>\n<td>NA.PR.W<\/td>\n<td>FixedReset Disc<\/td>\n<td>-4.07 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-05-13<br \/>\nMaturity Price  : 13.68<br \/>\nEvaluated at bid price : 13.68<br \/>\nBid-YTW : 5.41 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PR.T<\/td>\n<td>FixedReset Disc<\/td>\n<td>-4.03 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-05-13<br \/>\nMaturity Price  : 10.95<br \/>\nEvaluated at bid price : 10.95<br \/>\nBid-YTW : 6.43 %<\/td>\n<\/tr>\n<tr>\n<td>PWF.PR.A<\/td>\n<td>Floater<\/td>\n<td>-4.00 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-05-13<br \/>\nMaturity Price  : 8.88<br \/>\nEvaluated at bid price : 8.88<br \/>\nBid-YTW : 4.84 %<\/td>\n<\/tr>\n<tr>\n<td>CM.PR.S<\/td>\n<td>FixedReset Disc<\/td>\n<td>-3.95 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-05-13<br \/>\nMaturity Price  : 14.82<br \/>\nEvaluated at bid price : 14.82<br \/>\nBid-YTW : 5.27 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PF.G<\/td>\n<td>FixedReset Disc<\/td>\n<td>-3.76 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-05-13<br \/>\nMaturity Price  : 12.80<br \/>\nEvaluated at bid price : 12.80<br \/>\nBid-YTW : 6.36 %<\/td>\n<\/tr>\n<tr>\n<td>TD.PF.A<\/td>\n<td>FixedReset Disc<\/td>\n<td>-3.33 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-05-13<br \/>\nMaturity Price  : 14.51<br \/>\nEvaluated at bid price : 14.51<br \/>\nBid-YTW : 4.99 %<\/td>\n<\/tr>\n<tr>\n<td>EML.PR.A<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>-3.32 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-05-13<br \/>\nMaturity Price  : 22.74<br \/>\nEvaluated at bid price : 23.30<br \/>\nBid-YTW : 5.80 %<\/td>\n<\/tr>\n<tr>\n<td>IAF.PR.I<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>-3.29 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-05-13<br \/>\nMaturity Price  : 15.85<br \/>\nEvaluated at bid price : 15.85<br \/>\nBid-YTW : 5.44 %<\/td>\n<\/tr>\n<tr>\n<td>TD.PF.D<\/td>\n<td>FixedReset Disc<\/td>\n<td>-3.28 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-05-13<br \/>\nMaturity Price  : 15.35<br \/>\nEvaluated at bid price : 15.35<br \/>\nBid-YTW : 5.19 %<\/td>\n<\/tr>\n<tr>\n<td>RY.PR.J<\/td>\n<td>FixedReset Disc<\/td>\n<td>-3.15 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-05-13<br \/>\nMaturity Price  : 15.06<br \/>\nEvaluated at bid price : 15.06<br \/>\nBid-YTW : 5.17 %<\/td>\n<\/tr>\n<tr>\n<td>TD.PF.C<\/td>\n<td>FixedReset Disc<\/td>\n<td>-2.95 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-05-13<br \/>\nMaturity Price  : 14.81<br \/>\nEvaluated at bid price : 14.81<br \/>\nBid-YTW : 5.03 %<\/td>\n<\/tr>\n<tr>\n<td>TD.PF.J<\/td>\n<td>FixedReset Disc<\/td>\n<td>-2.94 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-05-13<br \/>\nMaturity Price  : 16.50<br \/>\nEvaluated at bid price : 16.50<br \/>\nBid-YTW : 5.09 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PF.B<\/td>\n<td>FixedReset Disc<\/td>\n<td>-2.87 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-05-13<br \/>\nMaturity Price  : 13.55<br \/>\nEvaluated at bid price : 13.55<br \/>\nBid-YTW : 6.28 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PF.A<\/td>\n<td>FixedReset Disc<\/td>\n<td>-2.81 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-05-13<br \/>\nMaturity Price  : 15.55<br \/>\nEvaluated at bid price : 15.55<br \/>\nBid-YTW : 5.94 %<\/td>\n<\/tr>\n<tr>\n<td>TD.PF.E<\/td>\n<td>FixedReset Disc<\/td>\n<td>-2.72 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-05-13<br \/>\nMaturity Price  : 15.76<br \/>\nEvaluated at bid price : 15.76<br \/>\nBid-YTW : 5.19 %<\/td>\n<\/tr>\n<tr>\n<td>CM.PR.T<\/td>\n<td>FixedReset Disc<\/td>\n<td>-2.64 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-05-13<br \/>\nMaturity Price  : 19.52<br \/>\nEvaluated at bid price : 19.52<br \/>\nBid-YTW : 5.18 %<\/td>\n<\/tr>\n<tr>\n<td>BIP.PR.C<\/td>\n<td>FixedReset Disc<\/td>\n<td>-2.60 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-05-13<br \/>\nMaturity Price  : 21.67<br \/>\nEvaluated at bid price : 22.10<br \/>\nBid-YTW : 6.13 %<\/td>\n<\/tr>\n<tr>\n<td>TD.PF.B<\/td>\n<td>FixedReset Disc<\/td>\n<td>-2.59 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-05-13<br \/>\nMaturity Price  : 14.66<br \/>\nEvaluated at bid price : 14.66<br \/>\nBid-YTW : 4.97 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PF.F<\/td>\n<td>FixedReset Disc<\/td>\n<td>-2.59 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-05-13<br \/>\nMaturity Price  : 13.93<br \/>\nEvaluated at bid price : 13.93<br \/>\nBid-YTW : 6.28 %<\/td>\n<\/tr>\n<tr>\n<td>BIP.PR.E<\/td>\n<td>FixedReset Disc<\/td>\n<td>-2.56 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-05-13<br \/>\nMaturity Price  : 19.00<br \/>\nEvaluated at bid price : 19.00<br \/>\nBid-YTW : 6.69 %<\/td>\n<\/tr>\n<tr>\n<td>IFC.PR.G<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>-2.56 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-05-13<br \/>\nMaturity Price  : 15.25<br \/>\nEvaluated at bid price : 15.25<br \/>\nBid-YTW : 5.46 %<\/td>\n<\/tr>\n<tr>\n<td>MFC.PR.J<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>-2.49 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-05-13<br \/>\nMaturity Price  : 15.25<br \/>\nEvaluated at bid price : 15.25<br \/>\nBid-YTW : 5.46 %<\/td>\n<\/tr>\n<tr>\n<td>MFC.PR.F<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>-2.44 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-05-13<br \/>\nMaturity Price  : 8.80<br \/>\nEvaluated at bid price : 8.80<br \/>\nBid-YTW : 5.19 %<\/td>\n<\/tr>\n<tr>\n<td>CM.PR.R<\/td>\n<td>FixedReset Disc<\/td>\n<td>-2.40 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-05-13<br \/>\nMaturity Price  : 17.10<br \/>\nEvaluated at bid price : 17.10<br \/>\nBid-YTW : 5.66 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PR.B<\/td>\n<td>Floater<\/td>\n<td>-2.39 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-05-13<br \/>\nMaturity Price  : 7.77<br \/>\nEvaluated at bid price : 7.77<br \/>\nBid-YTW : 5.59 %<\/td>\n<\/tr>\n<tr>\n<td>TRP.PR.E<\/td>\n<td>FixedReset Disc<\/td>\n<td>-2.35 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-05-13<br \/>\nMaturity Price  : 12.90<br \/>\nEvaluated at bid price : 12.90<br \/>\nBid-YTW : 5.85 %<\/td>\n<\/tr>\n<tr>\n<td>BMO.PR.W<\/td>\n<td>FixedReset Disc<\/td>\n<td>-2.33 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-05-13<br \/>\nMaturity Price  : 14.65<br \/>\nEvaluated at bid price : 14.65<br \/>\nBid-YTW : 4.96 %<\/td>\n<\/tr>\n<tr>\n<td>BMO.PR.F<\/td>\n<td>FixedReset Disc<\/td>\n<td>-2.32 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-05-13<br \/>\nMaturity Price  : 20.62<br \/>\nEvaluated at bid price : 20.62<br \/>\nBid-YTW : 5.04 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PF.E<\/td>\n<td>FixedReset Disc<\/td>\n<td>-2.30 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-05-13<br \/>\nMaturity Price  : 12.75<br \/>\nEvaluated at bid price : 12.75<br \/>\nBid-YTW : 6.21 %<\/td>\n<\/tr>\n<tr>\n<td>MFC.PR.Q<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>-2.24 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-05-13<br \/>\nMaturity Price  : 15.25<br \/>\nEvaluated at bid price : 15.25<br \/>\nBid-YTW : 5.41 %<\/td>\n<\/tr>\n<tr>\n<td>BMO.PR.D<\/td>\n<td>FixedReset Disc<\/td>\n<td>-2.23 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-05-13<br \/>\nMaturity Price  : 17.11<br \/>\nEvaluated at bid price : 17.11<br \/>\nBid-YTW : 5.34 %<\/td>\n<\/tr>\n<tr>\n<td>CM.PR.P<\/td>\n<td>FixedReset Disc<\/td>\n<td>-2.07 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-05-13<br \/>\nMaturity Price  : 14.16<br \/>\nEvaluated at bid price : 14.16<br \/>\nBid-YTW : 5.28 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PR.C<\/td>\n<td>Floater<\/td>\n<td>-2.03 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-05-13<br \/>\nMaturity Price  : 7.73<br \/>\nEvaluated at bid price : 7.73<br \/>\nBid-YTW : 5.62 %<\/td>\n<\/tr>\n<tr>\n<td>PWF.PR.H<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-2.03 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-05-13<br \/>\nMaturity Price  : 22.95<br \/>\nEvaluated at bid price : 23.22<br \/>\nBid-YTW : 6.24 %<\/td>\n<\/tr>\n<tr>\n<td>NA.PR.C<\/td>\n<td>FixedReset Disc<\/td>\n<td>-2.00 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-05-13<br \/>\nMaturity Price  : 17.15<br \/>\nEvaluated at bid price : 17.15<br \/>\nBid-YTW : 5.71 %<\/td>\n<\/tr>\n<tr>\n<td>BNS.PR.H<\/td>\n<td>FixedReset Disc<\/td>\n<td>-1.89 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-05-13<br \/>\nMaturity Price  : 22.91<br \/>\nEvaluated at bid price : 23.30<br \/>\nBid-YTW : 4.93 %<\/td>\n<\/tr>\n<tr>\n<td>MFC.PR.I<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>-1.84 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-05-13<br \/>\nMaturity Price  : 15.51<br \/>\nEvaluated at bid price : 15.51<br \/>\nBid-YTW : 5.55 %<\/td>\n<\/tr>\n<tr>\n<td>PVS.PR.D<\/td>\n<td>SplitShare<\/td>\n<td>-1.81 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Hard Maturity<br \/>\nMaturity Date\t: 2021-10-08<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 24.45<br \/>\nBid-YTW : 6.82 %<\/td>\n<\/tr>\n<tr>\n<td>RY.PR.Q<\/td>\n<td>FixedReset Disc<\/td>\n<td>-1.77 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-05-13<br \/>\nMaturity Price  : 23.92<br \/>\nEvaluated at bid price : 24.40<br \/>\nBid-YTW : 5.03 %<\/td>\n<\/tr>\n<tr>\n<td>TRP.PR.F<\/td>\n<td>FloatingReset<\/td>\n<td>-1.73 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-05-13<br \/>\nMaturity Price  : 9.63<br \/>\nEvaluated at bid price : 9.63<br \/>\nBid-YTW : 5.60 %<\/td>\n<\/tr>\n<tr>\n<td>TD.PF.M<\/td>\n<td>FixedReset Disc<\/td>\n<td>-1.71 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-05-13<br \/>\nMaturity Price  : 21.33<br \/>\nEvaluated at bid price : 21.33<br \/>\nBid-YTW : 4.98 %<\/td>\n<\/tr>\n<tr>\n<td>MFC.PR.H<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>-1.69 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-05-13<br \/>\nMaturity Price  : 16.25<br \/>\nEvaluated at bid price : 16.25<br \/>\nBid-YTW : 5.61 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PF.H<\/td>\n<td>FixedReset Disc<\/td>\n<td>-1.69 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-05-13<br \/>\nMaturity Price  : 22.64<br \/>\nEvaluated at bid price : 23.30<br \/>\nBid-YTW : 5.40 %<\/td>\n<\/tr>\n<tr>\n<td>RY.PR.M<\/td>\n<td>FixedReset Disc<\/td>\n<td>-1.68 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-05-13<br \/>\nMaturity Price  : 14.60<br \/>\nEvaluated at bid price : 14.60<br \/>\nBid-YTW : 5.14 %<\/td>\n<\/tr>\n<tr>\n<td>MFC.PR.N<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>-1.67 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-05-13<br \/>\nMaturity Price  : 14.11<br \/>\nEvaluated at bid price : 14.11<br \/>\nBid-YTW : 5.30 %<\/td>\n<\/tr>\n<tr>\n<td>MFC.PR.G<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>-1.64 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-05-13<br \/>\nMaturity Price  : 15.00<br \/>\nEvaluated at bid price : 15.00<br \/>\nBid-YTW : 5.63 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PR.M<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-1.62 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-05-13<br \/>\nMaturity Price  : 19.98<br \/>\nEvaluated at bid price : 19.98<br \/>\nBid-YTW : 6.04 %<\/td>\n<\/tr>\n<tr>\n<td>GWO.PR.L<\/td>\n<td>Deemed-Retractible<\/td>\n<td>-1.60 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-05-13<br \/>\nMaturity Price  : 23.16<br \/>\nEvaluated at bid price : 23.42<br \/>\nBid-YTW : 6.11 %<\/td>\n<\/tr>\n<tr>\n<td>BMO.PR.B<\/td>\n<td>FixedReset Disc<\/td>\n<td>-1.52 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-05-13<br \/>\nMaturity Price  : 22.41<br \/>\nEvaluated at bid price : 22.75<br \/>\nBid-YTW : 4.90 %<\/td>\n<\/tr>\n<tr>\n<td>SLF.PR.I<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>-1.51 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-05-13<br \/>\nMaturity Price  : 14.98<br \/>\nEvaluated at bid price : 14.98<br \/>\nBid-YTW : 5.35 %<\/td>\n<\/tr>\n<tr>\n<td>TRP.PR.A<\/td>\n<td>FixedReset Disc<\/td>\n<td>-1.46 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-05-13<br \/>\nMaturity Price  : 11.51<br \/>\nEvaluated at bid price : 11.51<br \/>\nBid-YTW : 5.76 %<\/td>\n<\/tr>\n<tr>\n<td>TRP.PR.K<\/td>\n<td>FixedReset Disc<\/td>\n<td>-1.41 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-05-13<br \/>\nMaturity Price  : 22.73<br \/>\nEvaluated at bid price : 23.05<br \/>\nBid-YTW : 5.40 %<\/td>\n<\/tr>\n<tr>\n<td>TD.PF.I<\/td>\n<td>FixedReset Disc<\/td>\n<td>-1.37 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-05-13<br \/>\nMaturity Price  : 17.95<br \/>\nEvaluated at bid price : 17.95<br \/>\nBid-YTW : 4.97 %<\/td>\n<\/tr>\n<tr>\n<td>BMO.PR.S<\/td>\n<td>FixedReset Disc<\/td>\n<td>-1.35 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-05-13<br \/>\nMaturity Price  : 14.60<br \/>\nEvaluated at bid price : 14.60<br \/>\nBid-YTW : 5.07 %<\/td>\n<\/tr>\n<tr>\n<td>BIP.PR.A<\/td>\n<td>FixedReset Disc<\/td>\n<td>-1.32 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-05-13<br \/>\nMaturity Price  : 14.16<br \/>\nEvaluated at bid price : 14.16<br \/>\nBid-YTW : 7.05 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PF.I<\/td>\n<td>FixedReset Disc<\/td>\n<td>-1.32 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-05-13<br \/>\nMaturity Price  : 22.10<br \/>\nEvaluated at bid price : 22.40<br \/>\nBid-YTW : 5.42 %<\/td>\n<\/tr>\n<tr>\n<td>MFC.PR.R<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>-1.32 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-05-13<br \/>\nMaturity Price  : 19.46<br \/>\nEvaluated at bid price : 19.46<br \/>\nBid-YTW : 5.57 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PF.C<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-1.27 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-05-13<br \/>\nMaturity Price  : 20.25<br \/>\nEvaluated at bid price : 20.25<br \/>\nBid-YTW : 6.08 %<\/td>\n<\/tr>\n<tr>\n<td>TD.PF.L<\/td>\n<td>FixedReset Disc<\/td>\n<td>-1.27 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-05-13<br \/>\nMaturity Price  : 20.25<br \/>\nEvaluated at bid price : 20.25<br \/>\nBid-YTW : 4.95 %<\/td>\n<\/tr>\n<tr>\n<td>BMO.PR.E<\/td>\n<td>FixedReset Disc<\/td>\n<td>-1.26 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-05-13<br \/>\nMaturity Price  : 17.18<br \/>\nEvaluated at bid price : 17.18<br \/>\nBid-YTW : 4.95 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PR.K<\/td>\n<td>Floater<\/td>\n<td>-1.15 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-05-13<br \/>\nMaturity Price  : 7.73<br \/>\nEvaluated at bid price : 7.73<br \/>\nBid-YTW : 5.62 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PR.N<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-1.14 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-05-13<br \/>\nMaturity Price  : 19.86<br \/>\nEvaluated at bid price : 19.86<br \/>\nBid-YTW : 6.07 %<\/td>\n<\/tr>\n<tr>\n<td>MFC.PR.O<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>-1.14 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-05-13<br \/>\nMaturity Price  : 23.78<br \/>\nEvaluated at bid price : 24.26<br \/>\nBid-YTW : 5.58 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PF.D<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-1.11 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-05-13<br \/>\nMaturity Price  : 20.54<br \/>\nEvaluated at bid price : 20.54<br \/>\nBid-YTW : 6.06 %<\/td>\n<\/tr>\n<tr>\n<td>SLF.PR.J<\/td>\n<td>FloatingReset<\/td>\n<td>-1.10 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-05-13<br \/>\nMaturity Price  : 8.95<br \/>\nEvaluated at bid price : 8.95<br \/>\nBid-YTW : 4.57 %<\/td>\n<\/tr>\n<tr>\n<td>BNS.PR.G<\/td>\n<td>FixedReset Disc<\/td>\n<td>-1.08 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-05-13<br \/>\nMaturity Price  : 24.23<br \/>\nEvaluated at bid price : 24.62<br \/>\nBid-YTW : 5.21 %<\/td>\n<\/tr>\n<tr>\n<td>PWF.PR.T<\/td>\n<td>FixedReset Disc<\/td>\n<td>-1.07 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-05-13<br \/>\nMaturity Price  : 13.86<br \/>\nEvaluated at bid price : 13.86<br \/>\nBid-YTW : 5.60 %<\/td>\n<\/tr>\n<tr>\n<td>PWF.PR.G<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-1.03 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-05-13<br \/>\nMaturity Price  : 23.68<br \/>\nEvaluated at bid price : 23.95<br \/>\nBid-YTW : 6.21 %<\/td>\n<\/tr>\n<tr>\n<td>W.PR.K<\/td>\n<td>FixedReset Disc<\/td>\n<td>-1.03 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-05-13<br \/>\nMaturity Price  : 23.44<br \/>\nEvaluated at bid price : 24.10<br \/>\nBid-YTW : 5.47 %<\/td>\n<\/tr>\n<tr>\n<td>PVS.PR.H<\/td>\n<td>SplitShare<\/td>\n<td>1.45 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Hard Maturity<br \/>\nMaturity Date\t: 2027-02-28<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 24.45<br \/>\nBid-YTW : 5.27 %<\/td>\n<\/tr>\n<tr>\n<td>CIU.PR.A<\/td>\n<td>Perpetual-Discount<\/td>\n<td>1.48 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-05-13<br \/>\nMaturity Price  : 20.60<br \/>\nEvaluated at bid price : 20.60<br \/>\nBid-YTW : 5.60 %<\/td>\n<\/tr>\n<tr>\n<td>TRP.PR.B<\/td>\n<td>FixedReset Disc<\/td>\n<td>1.83 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-05-13<br \/>\nMaturity Price  : 7.81<br \/>\nEvaluated at bid price : 7.81<br \/>\nBid-YTW : 5.33 %<\/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 Disc<\/td>\n<td>55,339<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-05-13<br \/>\nMaturity Price  : 24.54<br \/>\nEvaluated at bid price : 24.85<br \/>\nBid-YTW : 5.22 %<\/td>\n<\/tr>\n<tr>\n<td>TD.PF.H<\/td>\n<td>FixedReset Disc<\/td>\n<td>53,355<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-05-13<br \/>\nMaturity Price  : 22.60<br \/>\nEvaluated at bid price : 23.02<br \/>\nBid-YTW : 4.92 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PF.B<\/td>\n<td>FixedReset Disc<\/td>\n<td>48,922<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-05-13<br \/>\nMaturity Price  : 13.55<br \/>\nEvaluated at bid price : 13.55<br \/>\nBid-YTW : 6.28 %<\/td>\n<\/tr>\n<tr>\n<td>GWO.PR.G<\/td>\n<td>Deemed-Retractible<\/td>\n<td>47,029<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-05-13<br \/>\nMaturity Price  : 21.44<br \/>\nEvaluated at bid price : 21.70<br \/>\nBid-YTW : 6.07 %<\/td>\n<\/tr>\n<tr>\n<td>MFC.PR.Q<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>37,688<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-05-13<br \/>\nMaturity Price  : 15.25<br \/>\nEvaluated at bid price : 15.25<br \/>\nBid-YTW : 5.41 %<\/td>\n<\/tr>\n<tr>\n<td>NA.PR.C<\/td>\n<td>FixedReset Disc<\/td>\n<td>28,032<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-05-13<br \/>\nMaturity Price  : 17.15<br \/>\nEvaluated at bid price : 17.15<br \/>\nBid-YTW : 5.71 %<\/td>\n<\/tr>\n<tr>\n<td colspan='4'>There were 48 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>BAM.PF.J<\/td>\n<td>FixedReset Disc<\/td>\n<td>Quote: 21.00 &#8211; 22.47<br \/>\nSpot Rate  :  1.4700<br \/>\nAverage  :  0.9249<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-05-13<br \/>\nMaturity Price  : 21.00<br \/>\nEvaluated at bid price : 21.00<br \/>\nBid-YTW : 5.74 %<\/td>\n<\/tr>\n<tr>\n<td>SLF.PR.H<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>Quote: 11.00 &#8211; 12.54<br \/>\nSpot Rate  :  1.5400<br \/>\nAverage  :  1.0356<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-05-13<br \/>\nMaturity Price  : 11.00<br \/>\nEvaluated at bid price : 11.00<br \/>\nBid-YTW : 5.90 %<\/td>\n<\/tr>\n<tr>\n<td>IFC.PR.A<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>Quote: 10.45 &#8211; 11.75<br \/>\nSpot Rate  :  1.3000<br \/>\nAverage  :  0.8380<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-05-13<br \/>\nMaturity Price  : 10.45<br \/>\nEvaluated at bid price : 10.45<br \/>\nBid-YTW : 5.56 %<\/td>\n<\/tr>\n<tr>\n<td>CM.PR.Y<\/td>\n<td>FixedReset Disc<\/td>\n<td>Quote: 20.38 &#8211; 21.65<br \/>\nSpot Rate  :  1.2700<br \/>\nAverage  :  0.8630<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-05-13<br \/>\nMaturity Price  : 20.38<br \/>\nEvaluated at bid price : 20.38<br \/>\nBid-YTW : 5.29 %<\/td>\n<\/tr>\n<tr>\n<td>TRP.PR.G<\/td>\n<td>FixedReset Disc<\/td>\n<td>Quote: 13.56 &#8211; 15.20<br \/>\nSpot Rate  :  1.6400<br \/>\nAverage  :  1.2527<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-05-13<br \/>\nMaturity Price  : 13.56<br \/>\nEvaluated at bid price : 13.56<br \/>\nBid-YTW : 6.29 %<\/td>\n<\/tr>\n<tr>\n<td>PVS.PR.G<\/td>\n<td>SplitShare<\/td>\n<td>Quote: 23.45 &#8211; 24.50<br \/>\nSpot Rate  :  1.0500<br \/>\nAverage  :  0.7499<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Option Certainty<br \/>\nMaturity Date\t: 2026-02-28<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 23.45<br \/>\nBid-YTW : 6.42 %<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Click for Big Click for Big Powell reminded us today that monetary policy is one thing and fiscal policy is another thing: The Federal Reserve chair, Jerome H. Powell, delivered a stark warning on Wednesday &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-40842","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/40842","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=40842"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/40842\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=40842"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=40842"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=40842"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}