{"id":40848,"date":"2020-05-14T23:46:56","date_gmt":"2020-05-15T04:46:56","guid":{"rendered":"http:\/\/prefblog.com\/?p=40848"},"modified":"2020-05-14T23:46:56","modified_gmt":"2020-05-15T04:46:56","slug":"may-14-2020","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=40848","title":{"rendered":"May 14, 2020"},"content":{"rendered":"
\"explosion_200514\"<\/a>
Click for Big<\/i><\/div>\n

It was an interesting day<\/a>:<\/p>\n

Wall Street surged on Thursday as investors weighed the prospect of economic recovery against bellicose remarks from President Donald Trump regarding U.S.-China trade and a whistleblower\u2019s dire warnings about the U.S. response to the coronavirus pandemic. It was a volatile session in both the U.S. and Canada, where the TSX closed flat.
…<\/b>
Unofficially, the Dow Jones Industrial Average rose 1.61% to end at 23,622.19 points, while the S&P 500 gained 1.16%, to 2,852.63.<\/p>\n

The Nasdaq Composite climbed 0.92% to 8,944.66.<\/p>\n

In Canada, the S&P\/TSX Composite Index closed up 6.45 points, or 0.04%, at 14,509.66. It was a mixed session overall, with the energy sector only managing a 0.39% advance despite a 9% rally in the price of crude oil.<\/p><\/blockquote>\n

TXPR closed at 507.95<\/a>, down 0.85% on the day. Volume today was 2.00-million, well below the average of the past thirty days.<\/p>\n

CPD closed at 10.13<\/a>, down 1.27% on the day. Volume was 152,641, fourth-highest of the past 30 trading days.<\/p>\n

ZPR closed at 7.86<\/a>, down 1.38% on the day. Volume of 316,241 was high in the context of the past 30 trading days.<\/p>\n

Five-year Canada yields were down 1bp to 0.38%<\/a> today.<\/p>\n

Credit availability for retail real-estate speculation<\/a> is tightening:<\/p>\n

Big lenders are tightening their requirements for real estate investors, mortgage brokers say, which could further slow activity in places such as Southern Ontario where investor demand had driven up prices and sales.<\/p>\n

Bank of Nova Scotia, for example, is no longer allowing home buyers to use funds from a home equity line of credit for a down payment on a rental property, according to a memo the bank sent to mortgage brokers.
…<\/b>
For example, banks have told brokers they want to see that real estate investors have liquid assets or assets that can easily be turned into cash to cover mortgage payments if renters are unable to make their payments. They are asking to see bank deposits for rent whereas previously the borrower could simply show the rental lease agreement. Banks are also constantly reconfirming a borrower\u2019s income. Before the pandemic, a home buyer\u2019s income would be verified during the mortgage application.<\/p><\/blockquote>\n

And the BoC is warning of higher corporate funding costs<\/a>:<\/p>\n

The Bank of Canada said that its extraordinary efforts to soothe rattled financial markets are working, but it warned that credit downgrades and rising funding costs remain key threats to the corporate landscape \u2013 and the struggling energy sector in particular.<\/p>\n

In its annual Financial System Review, the central bank said that 73 per cent of Canadian investment-grade debt is BBB-rated, which is just above speculative grade status. Sweeping credit-rating downgrades could swell the number of junk bonds, forcing companies to refinance at higher rates.<\/p>\n

\u201cThe risk of credit downgrades is intensifying refinancing risks,\u201d the Bank of Canada warned in its review, adding that the energy sector is particularly vulnerable.<\/p>\n

\u201cThe energy sector has the most refinancing needs over the next six months ($6-billion) and faces the most potential downgrades. This sector\u2019s ability to secure refinancing will be particularly tested with low oil prices,\u201d the bank said.
…<\/b>
Even though the Bank of Canada said that its liquidity and bond-buying helped to calm financial markets, redemptions from bond funds totalled $14-billion in March, or 4.5 per cent of assets under management, as investors ran for the exits<\/p>\n

Although this total was considerably better than the central bank\u2019s model simulation, which implied that redemptions could have hit $31-billion or 9.5 per cent of assets under management, the central bank warned that bond funds could be more vulnerable to another wave of redemptions, which can force funds to dump assets.<\/p>\n

Fixed income funds have already used up part of their cash buffers to meet redemptions, and as a result the cash holdings of bond funds have fallen from an average of 4.2 per cent to just 3 per cent at the end of March.<\/p><\/blockquote>\n

The full text of the report is on the BoC website<\/a> and has many interesting charts. As far as I can tell, it’s no longer being provided as a PDF any more; a change to which I cannot help but ascribe sinister motivations. But perhaps production of the PDF has merely been delayed …<\/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>\n-0.5917 %<\/td>\n1,437.1<\/td>\n<\/tr>\n
FixedFloater<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.5917 %<\/td>\n2,637.1<\/td>\n<\/tr>\n
Floater<\/td>\n5.37 %<\/td>\n5.59 %<\/td>\n32,227<\/td>\n14.47<\/td>\n4<\/td>\n-0.5917 %<\/td>\n1,519.8<\/td>\n<\/tr>\n
OpRet<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.3692 %<\/td>\n3,343.7<\/td>\n<\/tr>\n
SplitShare<\/td>\n4.96 %<\/td>\n5.82 %<\/td>\n80,301<\/td>\n3.88<\/td>\n7<\/td>\n0.3692 %<\/td>\n3,993.1<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.3692 %<\/td>\n3,115.6<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.6199 %<\/td>\n2,864.7<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n5.87 %<\/td>\n6.12 %<\/td>\n86,489<\/td>\n13.72<\/td>\n35<\/td>\n-0.6199 %<\/td>\n3,072.6<\/td>\n<\/tr>\n
FixedReset Disc<\/td>\n6.56 %<\/td>\n5.41 %<\/td>\n200,073<\/td>\n14.60<\/td>\n83<\/td>\n-0.9500 %<\/td>\n1,735.9<\/td>\n<\/tr>\n
Deemed-Retractible<\/td>\n5.58 %<\/td>\n5.90 %<\/td>\n95,819<\/td>\n13.72<\/td>\n27<\/td>\n-0.6221 %<\/td>\n3,035.7<\/td>\n<\/tr>\n
FloatingReset<\/td>\n5.10 %<\/td>\n5.01 %<\/td>\n58,004<\/td>\n15.43<\/td>\n3<\/td>\n-1.8335 %<\/td>\n1,702.8<\/td>\n<\/tr>\n
FixedReset Prem<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.9500 %<\/td>\n2,400.8<\/td>\n<\/tr>\n
FixedReset Bank Non<\/td>\n2.02 %<\/td>\n4.29 %<\/td>\n172,839<\/td>\n1.67<\/td>\n2<\/td>\n-0.9723 %<\/td>\n2,728.6<\/td>\n<\/tr>\n
FixedReset Ins Non<\/td>\n6.87 %<\/td>\n5.60 %<\/td>\n125,496<\/td>\n14.00<\/td>\n22<\/td>\n-1.1810 %<\/td>\n1,730.9<\/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\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
TRP.PR.B<\/td>\nFixedReset Disc<\/td>\n-5.89 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-14
\nMaturity Price : 7.35
\nEvaluated at bid price : 7.35
\nBid-YTW : 5.67 %<\/td>\n<\/tr>\n
TD.PF.D<\/td>\nFixedReset Disc<\/td>\n-5.54 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-14
\nMaturity Price : 14.50
\nEvaluated at bid price : 14.50
\nBid-YTW : 5.50 %<\/td>\n<\/tr>\n
TD.PF.E<\/td>\nFixedReset Disc<\/td>\n-4.76 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-14
\nMaturity Price : 15.01
\nEvaluated at bid price : 15.01
\nBid-YTW : 5.46 %<\/td>\n<\/tr>\n
CU.PR.C<\/td>\nFixedReset Disc<\/td>\n-4.46 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-14
\nMaturity Price : 14.15
\nEvaluated at bid price : 14.15
\nBid-YTW : 5.02 %<\/td>\n<\/tr>\n
BMO.PR.Y<\/td>\nFixedReset Disc<\/td>\n-4.35 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-14
\nMaturity Price : 14.30
\nEvaluated at bid price : 14.30
\nBid-YTW : 5.40 %<\/td>\n<\/tr>\n
TD.PF.H<\/td>\nFixedReset Disc<\/td>\n-4.00 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-14
\nMaturity Price : 21.67
\nEvaluated at bid price : 22.10
\nBid-YTW : 5.12 %<\/td>\n<\/tr>\n
MFC.PR.N<\/td>\nFixedReset Ins Non<\/td>\n-3.97 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-14
\nMaturity Price : 13.55
\nEvaluated at bid price : 13.55
\nBid-YTW : 5.54 %<\/td>\n<\/tr>\n
BNS.PR.H<\/td>\nFixedReset Disc<\/td>\n-3.56 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-14
\nMaturity Price : 22.14
\nEvaluated at bid price : 22.47
\nBid-YTW : 5.12 %<\/td>\n<\/tr>\n
BAM.PF.A<\/td>\nFixedReset Disc<\/td>\n-3.54 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-14
\nMaturity Price : 15.00
\nEvaluated at bid price : 15.00
\nBid-YTW : 6.18 %<\/td>\n<\/tr>\n
TRP.PR.E<\/td>\nFixedReset Disc<\/td>\n-3.41 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-14
\nMaturity Price : 12.46
\nEvaluated at bid price : 12.46
\nBid-YTW : 6.07 %<\/td>\n<\/tr>\n
SLF.PR.G<\/td>\nFixedReset Ins Non<\/td>\n-3.38 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-14
\nMaturity Price : 8.57
\nEvaluated at bid price : 8.57
\nBid-YTW : 5.24 %<\/td>\n<\/tr>\n
TD.PF.I<\/td>\nFixedReset Disc<\/td>\n-3.29 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-14
\nMaturity Price : 17.36
\nEvaluated at bid price : 17.36
\nBid-YTW : 5.15 %<\/td>\n<\/tr>\n
SLF.PR.J<\/td>\nFloatingReset<\/td>\n-3.02 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-14
\nMaturity Price : 8.68
\nEvaluated at bid price : 8.68
\nBid-YTW : 4.72 %<\/td>\n<\/tr>\n
MFC.PR.G<\/td>\nFixedReset Ins Non<\/td>\n-2.93 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-14
\nMaturity Price : 14.56
\nEvaluated at bid price : 14.56
\nBid-YTW : 5.81 %<\/td>\n<\/tr>\n
RY.PR.J<\/td>\nFixedReset Disc<\/td>\n-2.86 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-14
\nMaturity Price : 14.63
\nEvaluated at bid price : 14.63
\nBid-YTW : 5.32 %<\/td>\n<\/tr>\n
RY.PR.M<\/td>\nFixedReset Disc<\/td>\n-2.81 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-14
\nMaturity Price : 14.19
\nEvaluated at bid price : 14.19
\nBid-YTW : 5.30 %<\/td>\n<\/tr>\n
PWF.PR.T<\/td>\nFixedReset Disc<\/td>\n-2.60 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-14
\nMaturity Price : 13.50
\nEvaluated at bid price : 13.50
\nBid-YTW : 5.76 %<\/td>\n<\/tr>\n
SLF.PR.I<\/td>\nFixedReset Ins Non<\/td>\n-2.54 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-14
\nMaturity Price : 14.60
\nEvaluated at bid price : 14.60
\nBid-YTW : 5.49 %<\/td>\n<\/tr>\n
CM.PR.P<\/td>\nFixedReset Disc<\/td>\n-2.33 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-14
\nMaturity Price : 13.83
\nEvaluated at bid price : 13.83
\nBid-YTW : 5.42 %<\/td>\n<\/tr>\n
TD.PF.B<\/td>\nFixedReset Disc<\/td>\n-2.32 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-14
\nMaturity Price : 14.32
\nEvaluated at bid price : 14.32
\nBid-YTW : 5.09 %<\/td>\n<\/tr>\n
IFC.PR.G<\/td>\nFixedReset Ins Non<\/td>\n-2.30 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-14
\nMaturity Price : 14.90
\nEvaluated at bid price : 14.90
\nBid-YTW : 5.60 %<\/td>\n<\/tr>\n
MFC.PR.J<\/td>\nFixedReset Ins Non<\/td>\n-2.30 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-14
\nMaturity Price : 14.90
\nEvaluated at bid price : 14.90
\nBid-YTW : 5.60 %<\/td>\n<\/tr>\n
RY.PR.Z<\/td>\nFixedReset Disc<\/td>\n-2.17 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-14
\nMaturity Price : 14.40
\nEvaluated at bid price : 14.40
\nBid-YTW : 4.91 %<\/td>\n<\/tr>\n
MFC.PR.K<\/td>\nFixedReset Ins Non<\/td>\n-2.11 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-14
\nMaturity Price : 13.90
\nEvaluated at bid price : 13.90
\nBid-YTW : 5.39 %<\/td>\n<\/tr>\n
IFC.PR.E<\/td>\nDeemed-Retractible<\/td>\n-2.06 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-14
\nMaturity Price : 22.03
\nEvaluated at bid price : 22.33
\nBid-YTW : 5.90 %<\/td>\n<\/tr>\n
BMO.PR.S<\/td>\nFixedReset Disc<\/td>\n-2.05 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-14
\nMaturity Price : 14.30
\nEvaluated at bid price : 14.30
\nBid-YTW : 5.18 %<\/td>\n<\/tr>\n
IAF.PR.B<\/td>\nDeemed-Retractible<\/td>\n-2.05 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-14
\nMaturity Price : 19.58
\nEvaluated at bid price : 19.58
\nBid-YTW : 5.97 %<\/td>\n<\/tr>\n
BMO.PR.W<\/td>\nFixedReset Disc<\/td>\n-2.05 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-14
\nMaturity Price : 14.35
\nEvaluated at bid price : 14.35
\nBid-YTW : 5.07 %<\/td>\n<\/tr>\n
NA.PR.C<\/td>\nFixedReset Disc<\/td>\n-2.04 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-14
\nMaturity Price : 16.80
\nEvaluated at bid price : 16.80
\nBid-YTW : 5.83 %<\/td>\n<\/tr>\n
BIP.PR.C<\/td>\nFixedReset Disc<\/td>\n-2.04 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-14
\nMaturity Price : 21.35
\nEvaluated at bid price : 21.65
\nBid-YTW : 6.26 %<\/td>\n<\/tr>\n
TD.PF.C<\/td>\nFixedReset Disc<\/td>\n-2.03 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-14
\nMaturity Price : 14.51
\nEvaluated at bid price : 14.51
\nBid-YTW : 5.14 %<\/td>\n<\/tr>\n
BAM.PR.K<\/td>\nFloater<\/td>\n-1.94 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-14
\nMaturity Price : 7.58
\nEvaluated at bid price : 7.58
\nBid-YTW : 5.74 %<\/td>\n<\/tr>\n
TD.PF.A<\/td>\nFixedReset Disc<\/td>\n-1.93 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-14
\nMaturity Price : 14.23
\nEvaluated at bid price : 14.23
\nBid-YTW : 5.10 %<\/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: 2050-05-14
\nMaturity Price : 13.15
\nEvaluated at bid price : 13.15
\nBid-YTW : 5.47 %<\/td>\n<\/tr>\n
MFC.PR.H<\/td>\nFixedReset Ins Non<\/td>\n-1.85 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-14
\nMaturity Price : 15.95
\nEvaluated at bid price : 15.95
\nBid-YTW : 5.72 %<\/td>\n<\/tr>\n
HSE.PR.C<\/td>\nFixedReset Disc<\/td>\n-1.71 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-14
\nMaturity Price : 10.37
\nEvaluated at bid price : 10.37
\nBid-YTW : 9.71 %<\/td>\n<\/tr>\n
NA.PR.S<\/td>\nFixedReset Disc<\/td>\n-1.62 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-14
\nMaturity Price : 14.00
\nEvaluated at bid price : 14.00
\nBid-YTW : 5.49 %<\/td>\n<\/tr>\n
CM.PR.R<\/td>\nFixedReset Disc<\/td>\n-1.58 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-14
\nMaturity Price : 16.83
\nEvaluated at bid price : 16.83
\nBid-YTW : 5.76 %<\/td>\n<\/tr>\n
BMO.PR.D<\/td>\nFixedReset Disc<\/td>\n-1.58 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-14
\nMaturity Price : 16.84
\nEvaluated at bid price : 16.84
\nBid-YTW : 5.43 %<\/td>\n<\/tr>\n
IAF.PR.I<\/td>\nFixedReset Ins Non<\/td>\n-1.58 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-14
\nMaturity Price : 15.60
\nEvaluated at bid price : 15.60
\nBid-YTW : 5.54 %<\/td>\n<\/tr>\n
BMO.PR.B<\/td>\nFixedReset Disc<\/td>\n-1.54 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-14
\nMaturity Price : 21.86
\nEvaluated at bid price : 22.40
\nBid-YTW : 4.96 %<\/td>\n<\/tr>\n
BMO.PR.Z<\/td>\nPerpetual-Discount<\/td>\n-1.53 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-14
\nMaturity Price : 22.17
\nEvaluated at bid price : 22.53
\nBid-YTW : 5.55 %<\/td>\n<\/tr>\n
CIU.PR.A<\/td>\nPerpetual-Discount<\/td>\n-1.46 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-14
\nMaturity Price : 20.30
\nEvaluated at bid price : 20.30
\nBid-YTW : 5.69 %<\/td>\n<\/tr>\n
BAM.PF.I<\/td>\nFixedReset Disc<\/td>\n-1.43 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-14
\nMaturity Price : 21.65
\nEvaluated at bid price : 22.08
\nBid-YTW : 5.49 %<\/td>\n<\/tr>\n
RY.PR.H<\/td>\nFixedReset Disc<\/td>\n-1.42 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-14
\nMaturity Price : 14.53
\nEvaluated at bid price : 14.53
\nBid-YTW : 4.94 %<\/td>\n<\/tr>\n
HSE.PR.E<\/td>\nFixedReset Disc<\/td>\n-1.40 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-14
\nMaturity Price : 10.60
\nEvaluated at bid price : 10.60
\nBid-YTW : 10.16 %<\/td>\n<\/tr>\n
TRP.PR.A<\/td>\nFixedReset Disc<\/td>\n-1.39 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-14
\nMaturity Price : 11.35
\nEvaluated at bid price : 11.35
\nBid-YTW : 5.85 %<\/td>\n<\/tr>\n
BAM.PR.T<\/td>\nFixedReset Disc<\/td>\n-1.37 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-14
\nMaturity Price : 10.80
\nEvaluated at bid price : 10.80
\nBid-YTW : 6.52 %<\/td>\n<\/tr>\n
TRP.PR.F<\/td>\nFloatingReset<\/td>\n-1.35 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-14
\nMaturity Price : 9.50
\nEvaluated at bid price : 9.50
\nBid-YTW : 5.68 %<\/td>\n<\/tr>\n
BAM.PF.F<\/td>\nFixedReset Disc<\/td>\n-1.29 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-14
\nMaturity Price : 13.75
\nEvaluated at bid price : 13.75
\nBid-YTW : 6.37 %<\/td>\n<\/tr>\n
GWO.PR.G<\/td>\nDeemed-Retractible<\/td>\n-1.29 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-14
\nMaturity Price : 21.42
\nEvaluated at bid price : 21.42
\nBid-YTW : 6.17 %<\/td>\n<\/tr>\n
NA.PR.A<\/td>\nFixedReset Disc<\/td>\n-1.28 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-14
\nMaturity Price : 22.73
\nEvaluated at bid price : 23.20
\nBid-YTW : 5.44 %<\/td>\n<\/tr>\n
BNS.PR.Z<\/td>\nFixedReset Bank Non<\/td>\n-1.27 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2022-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 24.03
\nBid-YTW : 4.29 %<\/td>\n<\/tr>\n
GWO.PR.R<\/td>\nDeemed-Retractible<\/td>\n-1.23 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-14
\nMaturity Price : 20.15
\nEvaluated at bid price : 20.15
\nBid-YTW : 6.05 %<\/td>\n<\/tr>\n
SLF.PR.A<\/td>\nDeemed-Retractible<\/td>\n-1.21 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-14
\nMaturity Price : 21.17
\nEvaluated at bid price : 21.17
\nBid-YTW : 5.70 %<\/td>\n<\/tr>\n
BAM.PR.M<\/td>\nPerpetual-Discount<\/td>\n-1.20 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-14
\nMaturity Price : 19.74
\nEvaluated at bid price : 19.74
\nBid-YTW : 6.11 %<\/td>\n<\/tr>\n
RY.PR.S<\/td>\nFixedReset Disc<\/td>\n-1.20 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-14
\nMaturity Price : 16.45
\nEvaluated at bid price : 16.45
\nBid-YTW : 4.83 %<\/td>\n<\/tr>\n
PWF.PR.S<\/td>\nPerpetual-Discount<\/td>\n-1.19 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-14
\nMaturity Price : 19.87
\nEvaluated at bid price : 19.87
\nBid-YTW : 6.10 %<\/td>\n<\/tr>\n
TD.PF.L<\/td>\nFixedReset Disc<\/td>\n-1.19 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-14
\nMaturity Price : 20.01
\nEvaluated at bid price : 20.01
\nBid-YTW : 5.01 %<\/td>\n<\/tr>\n
BAM.PF.D<\/td>\nPerpetual-Discount<\/td>\n-1.17 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-14
\nMaturity Price : 20.30
\nEvaluated at bid price : 20.30
\nBid-YTW : 6.13 %<\/td>\n<\/tr>\n
TD.PF.J<\/td>\nFixedReset Disc<\/td>\n-1.15 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-14
\nMaturity Price : 16.31
\nEvaluated at bid price : 16.31
\nBid-YTW : 5.16 %<\/td>\n<\/tr>\n
POW.PR.B<\/td>\nPerpetual-Discount<\/td>\n-1.14 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-14
\nMaturity Price : 21.34
\nEvaluated at bid price : 21.61
\nBid-YTW : 6.26 %<\/td>\n<\/tr>\n
BAM.PF.C<\/td>\nPerpetual-Discount<\/td>\n-1.14 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-14
\nMaturity Price : 20.02
\nEvaluated at bid price : 20.02
\nBid-YTW : 6.16 %<\/td>\n<\/tr>\n
BIP.PR.A<\/td>\nFixedReset Disc<\/td>\n-1.13 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-14
\nMaturity Price : 14.00
\nEvaluated at bid price : 14.00
\nBid-YTW : 7.13 %<\/td>\n<\/tr>\n
IFC.PR.C<\/td>\nFixedReset Ins Non<\/td>\n-1.12 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-14
\nMaturity Price : 13.25
\nEvaluated at bid price : 13.25
\nBid-YTW : 5.84 %<\/td>\n<\/tr>\n
PWF.PR.K<\/td>\nPerpetual-Discount<\/td>\n-1.11 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-14
\nMaturity Price : 20.47
\nEvaluated at bid price : 20.47
\nBid-YTW : 6.11 %<\/td>\n<\/tr>\n
MFC.PR.B<\/td>\nDeemed-Retractible<\/td>\n-1.11 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-14
\nMaturity Price : 20.47
\nEvaluated at bid price : 20.47
\nBid-YTW : 5.78 %<\/td>\n<\/tr>\n
BAM.PF.B<\/td>\nFixedReset Disc<\/td>\n-1.11 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-14
\nMaturity Price : 13.40
\nEvaluated at bid price : 13.40
\nBid-YTW : 6.35 %<\/td>\n<\/tr>\n
BAM.PF.E<\/td>\nFixedReset Disc<\/td>\n-1.10 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-14
\nMaturity Price : 12.61
\nEvaluated at bid price : 12.61
\nBid-YTW : 6.29 %<\/td>\n<\/tr>\n
RY.PR.O<\/td>\nPerpetual-Discount<\/td>\n-1.10 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-14
\nMaturity Price : 22.26
\nEvaluated at bid price : 22.56
\nBid-YTW : 5.44 %<\/td>\n<\/tr>\n
RY.PR.W<\/td>\nPerpetual-Discount<\/td>\n-1.09 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-14
\nMaturity Price : 22.49
\nEvaluated at bid price : 22.75
\nBid-YTW : 5.39 %<\/td>\n<\/tr>\n
TRP.PR.H<\/td>\nFloatingReset<\/td>\n-1.05 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-14
\nMaturity Price : 7.52
\nEvaluated at bid price : 7.52
\nBid-YTW : 5.01 %<\/td>\n<\/tr>\n
BMO.PR.E<\/td>\nFixedReset Disc<\/td>\n-1.05 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-14
\nMaturity Price : 17.00
\nEvaluated at bid price : 17.00
\nBid-YTW : 5.01 %<\/td>\n<\/tr>\n
RY.PR.N<\/td>\nPerpetual-Discount<\/td>\n-1.01 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-14
\nMaturity Price : 22.16
\nEvaluated at bid price : 22.54
\nBid-YTW : 5.44 %<\/td>\n<\/tr>\n
BAM.PR.N<\/td>\nPerpetual-Discount<\/td>\n-1.01 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-14
\nMaturity Price : 19.66
\nEvaluated at bid price : 19.66
\nBid-YTW : 6.14 %<\/td>\n<\/tr>\n
TRP.PR.K<\/td>\nFixedReset Disc<\/td>\n1.16 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-14
\nMaturity Price : 22.69
\nEvaluated at bid price : 23.01
\nBid-YTW : 5.32 %<\/td>\n<\/tr>\n
BAM.PF.J<\/td>\nFixedReset Disc<\/td>\n1.19 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-14
\nMaturity Price : 21.25
\nEvaluated at bid price : 21.25
\nBid-YTW : 5.67 %<\/td>\n<\/tr>\n
NA.PR.G<\/td>\nFixedReset Disc<\/td>\n1.27 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-14
\nMaturity Price : 15.95
\nEvaluated at bid price : 15.95
\nBid-YTW : 5.53 %<\/td>\n<\/tr>\n
CM.PR.Y<\/td>\nFixedReset Disc<\/td>\n1.32 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-14
\nMaturity Price : 20.65
\nEvaluated at bid price : 20.65
\nBid-YTW : 5.22 %<\/td>\n<\/tr>\n
IFC.PR.A<\/td>\nFixedReset Ins Non<\/td>\n1.44 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-14
\nMaturity Price : 10.60
\nEvaluated at bid price : 10.60
\nBid-YTW : 5.48 %<\/td>\n<\/tr>\n
BMO.PR.T<\/td>\nFixedReset Disc<\/td>\n1.56 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-14
\nMaturity Price : 13.64
\nEvaluated at bid price : 13.64
\nBid-YTW : 5.24 %<\/td>\n<\/tr>\n
BAM.PR.Z<\/td>\nFixedReset Disc<\/td>\n2.53 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-14
\nMaturity Price : 14.20
\nEvaluated at bid price : 14.20
\nBid-YTW : 6.36 %<\/td>\n<\/tr>\n
TRP.PR.C<\/td>\nFixedReset Disc<\/td>\n2.82 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-14
\nMaturity Price : 8.39
\nEvaluated at bid price : 8.39
\nBid-YTW : 5.76 %<\/td>\n<\/tr>\n
PVS.PR.G<\/td>\nSplitShare<\/td>\n2.99 %<\/td>\nYTW SCENARIO
\nMaturity Type : Option Certainty
\nMaturity Date\t: 2026-02-28
\nMaturity Price : 25.00
\nEvaluated at bid price : 24.15
\nBid-YTW : 5.82 %<\/td>\n<\/tr>\n
SLF.PR.H<\/td>\nFixedReset Ins Non<\/td>\n4.00 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-14
\nMaturity Price : 11.44
\nEvaluated at bid price : 11.44
\nBid-YTW : 5.67 %<\/td>\n<\/tr>\n
TRP.PR.G<\/td>\nFixedReset Disc<\/td>\n7.28 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-14
\nMaturity Price : 14.31
\nEvaluated at bid price : 14.31
\nBid-YTW : 5.84 %<\/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
RY.PR.Q<\/td>\nFixedReset Disc<\/td>\n285,619<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-14
\nMaturity Price : 23.72
\nEvaluated at bid price : 24.23
\nBid-YTW : 5.07 %<\/td>\n<\/tr>\n
BMO.PR.Y<\/td>\nFixedReset Disc<\/td>\n54,200<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-14
\nMaturity Price : 14.30
\nEvaluated at bid price : 14.30
\nBid-YTW : 5.40 %<\/td>\n<\/tr>\n
BNS.PR.G<\/td>\nFixedReset Disc<\/td>\n53,960<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-14
\nMaturity Price : 24.33
\nEvaluated at bid price : 24.70
\nBid-YTW : 5.20 %<\/td>\n<\/tr>\n
IAF.PR.G<\/td>\nFixedReset Ins Non<\/td>\n51,011<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-14
\nMaturity Price : 14.55
\nEvaluated at bid price : 14.55
\nBid-YTW : 5.73 %<\/td>\n<\/tr>\n
MFC.PR.Q<\/td>\nFixedReset Ins Non<\/td>\n43,921<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-14
\nMaturity Price : 15.10
\nEvaluated at bid price : 15.10
\nBid-YTW : 5.47 %<\/td>\n<\/tr>\n
GWO.PR.G<\/td>\nDeemed-Retractible<\/td>\n40,244<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-14
\nMaturity Price : 21.42
\nEvaluated at bid price : 21.42
\nBid-YTW : 6.17 %<\/td>\n<\/tr>\n
There were 36 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
TD.PF.D<\/td>\nFixedReset Disc<\/td>\nQuote: 14.50 – 18.80
\nSpot Rate : 4.3000
\nAverage : 3.0349<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-14
\nMaturity Price : 14.50
\nEvaluated at bid price : 14.50
\nBid-YTW : 5.50 %<\/td>\n<\/tr>\n

BAM.PF.H<\/td>\nFixedReset Disc<\/td>\nQuote: 23.33 – 24.95
\nSpot Rate : 1.6200
\nAverage : 1.0286<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-14
\nMaturity Price : 22.67
\nEvaluated at bid price : 23.33
\nBid-YTW : 5.40 %<\/td>\n<\/tr>\n

BNS.PR.H<\/td>\nFixedReset Disc<\/td>\nQuote: 22.47 – 24.00
\nSpot Rate : 1.5300
\nAverage : 0.9717<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-14
\nMaturity Price : 22.14
\nEvaluated at bid price : 22.47
\nBid-YTW : 5.12 %<\/td>\n<\/tr>\n

TD.PF.H<\/td>\nFixedReset Disc<\/td>\nQuote: 22.10 – 23.45
\nSpot Rate : 1.3500
\nAverage : 0.8874<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-14
\nMaturity Price : 21.67
\nEvaluated at bid price : 22.10
\nBid-YTW : 5.12 %<\/td>\n<\/tr>\n

BMO.PR.Y<\/td>\nFixedReset Disc<\/td>\nQuote: 14.30 – 15.20
\nSpot Rate : 0.9000
\nAverage : 0.5430<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-14
\nMaturity Price : 14.30
\nEvaluated at bid price : 14.30
\nBid-YTW : 5.40 %<\/td>\n<\/tr>\n

BAM.PR.R<\/td>\nFixedReset Disc<\/td>\nQuote: 10.70 – 11.80
\nSpot Rate : 1.1000
\nAverage : 0.7745<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-14
\nMaturity Price : 10.70
\nEvaluated at bid price : 10.70
\nBid-YTW : 6.38 %<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Click for Big It was an interesting day: Wall Street surged on Thursday as investors weighed the prospect of economic recovery against bellicose remarks from President Donald Trump regarding U.S.-China trade and a whistleblower\u2019s dire …<\/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-40848","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/40848","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=40848"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/40848\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=40848"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=40848"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=40848"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}