{"id":41033,"date":"2020-06-24T21:35:16","date_gmt":"2020-06-25T02:35:16","guid":{"rendered":"http:\/\/prefblog.com\/?p=41033"},"modified":"2020-06-24T21:35:16","modified_gmt":"2020-06-25T02:35:16","slug":"june-24-2020","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=41033","title":{"rendered":"June 24, 2020"},"content":{"rendered":"
\"explosion_200624\"<\/a>
Click for Big<\/i><\/div>\n

TXPR closed at 533.89<\/a>, down 0.58% on the day. Volume today was 1.89-million, near the median of the past thirty days.<\/p>\n

CPD closed at 10.68<\/a>, down 0.65% on the day. Volume was 66,270, low in the context of the past 30 trading days.<\/p>\n

ZPR closed at 8.37<\/a>, down 0.48% on the day. Volume of 161,796 was very low in the context of the past 30 trading days.<\/p>\n

Five-year Canada yields were down 2bp at 0.38%<\/a> today.<\/p>\n

Markets got whacked today, which was attributed to renewed coronavirus fears<\/a>:<\/p>\n

Wall Street\u2019s three major indexes suffered their biggest daily percentage drop in almost two weeks on Wednesday as a surge in U.S. coronavirus cases intensified fears of another round of government lockdowns and worsening economic damage.<\/p>\n

The TSX also closed lower, led by a 3.84% decline in the energy sector, with investors largely shrugging off a downgrade of Canada\u2019s debt rating by Fitch Ratings.
…<\/b>
The United States has recorded the second-largest rise in infections since the health crisis began, with a flare-up of cases in states where restrictions meant to contain the disease were lifted early.<\/p>\n

Highlighting the seriousness of the resurgence in cases for many investors, the governors of New York, New Jersey and Connecticut announced that visitors from states with high coronavirus infection rates must self-quarantine for 14 days on arrival.<\/p><\/blockquote>\n

And, as noted above, Fitch downgraded Canada<\/a>:<\/p>\n

Fitch Ratings has downgraded Canada\u2019s triple-A credit rating to double-A-plus in light of \u201cmuch expanded\u201d 2020 deficits due to billions in emergency spending during the novel coronavirus pandemic.<\/p>\n

The decision reflects growing public debt at both the federal and provincial levels.
…<\/b>
\u201cThe rating downgrade reflects the deterioration of Canada\u2019s public finances in 2020 resulting from the coronavirus pandemic,\u201d the agency stated. Wednesday\u2019s announcement says Canada\u2019s rating outlook is stable.<\/p>\n

Fitch expects the coronavirus response to raise Canada\u2019s consolidated gross general government debt to 115.1 per cent of GDP, up from 88.3 per cent of GDP in 2019.<\/p>\n

\u201cCanada has a track record of fiscal adjustment during the 1990s. However, the structure of Canada\u2019s decentralized fiscal framework increases the complexity of any fiscal adjustment,\u201d the agency said. \u201cThe pandemic has caused several provinces to pause deficit-reduction plans, and some premiers have urged greater direct federal financial support to the provinces.\u201d<\/p>\n

\u201cFederal borrowing for crown corporations also increases debt,\u201d Fitch said. \u201cThe federal minority Liberal government, which was returned to office in October 2019, has already loosened fiscal policy relative to the first term and postponed a pledge to stabilize net federal government debt in order to address the priorities of allied minority parties.\u201d<\/p><\/blockquote>\n

PerpetualDiscounts now yield 5.71%, equivalent to 7.42% interest at the standard equivalency factor of 1.3x. Long corporates<\/a> now yield 3.00%, so the pre-tax interest-equivalent spread (in this context, the \u201cSeniority Spread\u201d) has widened slightly (and perhaps spuriously) to 440bp from the 435bp reported June 17<\/a>.<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
HIMIPref™ Preferred Indices
These values reflect the December 2008 revision of the HIMIPref™ Indices<\/strong>
Values are provisional and are finalized monthly<\/td>\n<\/tr>\n
Index<\/td>\nMean
Current
Yield
(at bid)<\/td>\n		Median
YTW<\/td>\n		Median
Average
Trading
Value<\/td>\n		Median
Mod Dur
(YTW)<\/td>\n		Issues<\/td>\nDay’s Perf.<\/td>\nIndex Value<\/td>\n<\/tr>\n
Ratchet<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n1.0920 %<\/td>\n1,480.7<\/td>\n<\/tr>\n
FixedFloater<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n1.0920 %<\/td>\n2,717.0<\/td>\n<\/tr>\n
Floater<\/td>\n5.29 %<\/td>\n5.61 %<\/td>\n47,594<\/td>\n14.50<\/td>\n4<\/td>\n1.0920 %<\/td>\n1,565.8<\/td>\n<\/tr>\n
OpRet<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.0230 %<\/td>\n3,438.1<\/td>\n<\/tr>\n
SplitShare<\/td>\n4.89 %<\/td>\n5.10 %<\/td>\n67,614<\/td>\n3.82<\/td>\n7<\/td>\n-0.0230 %<\/td>\n4,105.8<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.0230 %<\/td>\n3,203.5<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.3932 %<\/td>\n3,030.2<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n5.57 %<\/td>\n5.71 %<\/td>\n80,010<\/td>\n14.30<\/td>\n35<\/td>\n-0.3932 %<\/td>\n3,250.2<\/td>\n<\/tr>\n
FixedReset Disc<\/td>\n6.22 %<\/td>\n5.10 %<\/td>\n151,456<\/td>\n14.92<\/td>\n83<\/td>\n-0.4898 %<\/td>\n1,838.1<\/td>\n<\/tr>\n
Deemed-Retractible<\/td>\n5.33 %<\/td>\n5.61 %<\/td>\n91,011<\/td>\n14.41<\/td>\n27<\/td>\n-0.3355 %<\/td>\n3,213.3<\/td>\n<\/tr>\n
FloatingReset<\/td>\n5.00 %<\/td>\n5.02 %<\/td>\n44,138<\/td>\n15.48<\/td>\n3<\/td>\n-2.0301 %<\/td>\n1,762.4<\/td>\n<\/tr>\n
FixedReset Prem<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.4898 %<\/td>\n2,542.0<\/td>\n<\/tr>\n
FixedReset Bank Non<\/td>\n1.98 %<\/td>\n3.45 %<\/td>\n130,290<\/td>\n1.56<\/td>\n2<\/td>\n-0.1226 %<\/td>\n2,785.0<\/td>\n<\/tr>\n
FixedReset Ins Non<\/td>\n6.47 %<\/td>\n5.16 %<\/td>\n122,436<\/td>\n14.88<\/td>\n22<\/td>\n-1.0562 %<\/td>\n1,848.9<\/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
Performance Highlights<\/strong><\/td>\n<\/tr>\n
Issue<\/td>\nIndex<\/td>\nChange<\/td>\nNotes<\/td>\n<\/tr>\n
MFC.PR.G<\/td>\nFixedReset Ins Non<\/td>\n-3.79 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-06-24
\nMaturity Price : 15.75
\nEvaluated at bid price : 15.75
\nBid-YTW : 5.29 %<\/td>\n<\/tr>\n
CCS.PR.C<\/td>\nDeemed-Retractible<\/td>\n-3.51 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-06-24
\nMaturity Price : 21.44
\nEvaluated at bid price : 21.70
\nBid-YTW : 5.78 %<\/td>\n<\/tr>\n
BAM.PR.T<\/td>\nFixedReset Disc<\/td>\n-3.15 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-06-24
\nMaturity Price : 11.67
\nEvaluated at bid price : 11.67
\nBid-YTW : 5.96 %<\/td>\n<\/tr>\n
BAM.PR.Z<\/td>\nFixedReset Disc<\/td>\n-2.69 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-06-24
\nMaturity Price : 15.18
\nEvaluated at bid price : 15.18
\nBid-YTW : 5.88 %<\/td>\n<\/tr>\n
SLF.PR.J<\/td>\nFloatingReset<\/td>\n-2.60 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-06-24
\nMaturity Price : 9.00
\nEvaluated at bid price : 9.00
\nBid-YTW : 4.48 %<\/td>\n<\/tr>\n
MFC.PR.H<\/td>\nFixedReset Ins Non<\/td>\n-2.52 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-06-24
\nMaturity Price : 17.40
\nEvaluated at bid price : 17.40
\nBid-YTW : 5.16 %<\/td>\n<\/tr>\n
RY.PR.M<\/td>\nFixedReset Disc<\/td>\n-2.46 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-06-24
\nMaturity Price : 15.85
\nEvaluated at bid price : 15.85
\nBid-YTW : 4.77 %<\/td>\n<\/tr>\n
SLF.PR.G<\/td>\nFixedReset Ins Non<\/td>\n-2.33 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-06-24
\nMaturity Price : 9.21
\nEvaluated at bid price : 9.21
\nBid-YTW : 4.83 %<\/td>\n<\/tr>\n
RY.PR.J<\/td>\nFixedReset Disc<\/td>\n-2.33 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-06-24
\nMaturity Price : 16.36
\nEvaluated at bid price : 16.36
\nBid-YTW : 4.83 %<\/td>\n<\/tr>\n
MFC.PR.K<\/td>\nFixedReset Ins Non<\/td>\n-2.18 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-06-24
\nMaturity Price : 14.33
\nEvaluated at bid price : 14.33
\nBid-YTW : 5.11 %<\/td>\n<\/tr>\n
TD.PF.D<\/td>\nFixedReset Disc<\/td>\n-2.17 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-06-24
\nMaturity Price : 16.25
\nEvaluated at bid price : 16.25
\nBid-YTW : 4.94 %<\/td>\n<\/tr>\n
BAM.PF.G<\/td>\nFixedReset Disc<\/td>\n-2.13 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-06-24
\nMaturity Price : 13.80
\nEvaluated at bid price : 13.80
\nBid-YTW : 5.84 %<\/td>\n<\/tr>\n
BIP.PR.E<\/td>\nFixedReset Disc<\/td>\n-2.10 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-06-24
\nMaturity Price : 20.50
\nEvaluated at bid price : 20.50
\nBid-YTW : 6.14 %<\/td>\n<\/tr>\n
EML.PR.A<\/td>\nFixedReset Ins Non<\/td>\n-2.07 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-06-24
\nMaturity Price : 22.98
\nEvaluated at bid price : 23.60
\nBid-YTW : 5.66 %<\/td>\n<\/tr>\n
TRP.PR.F<\/td>\nFloatingReset<\/td>\n-1.93 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-06-24
\nMaturity Price : 9.67
\nEvaluated at bid price : 9.67
\nBid-YTW : 5.49 %<\/td>\n<\/tr>\n
PWF.PR.T<\/td>\nFixedReset Disc<\/td>\n-1.88 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-06-24
\nMaturity Price : 14.65
\nEvaluated at bid price : 14.65
\nBid-YTW : 5.32 %<\/td>\n<\/tr>\n
SLF.PR.I<\/td>\nFixedReset Ins Non<\/td>\n-1.84 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-06-24
\nMaturity Price : 16.00
\nEvaluated at bid price : 16.00
\nBid-YTW : 4.96 %<\/td>\n<\/tr>\n
BAM.PF.E<\/td>\nFixedReset Disc<\/td>\n-1.84 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-06-24
\nMaturity Price : 13.35
\nEvaluated at bid price : 13.35
\nBid-YTW : 5.85 %<\/td>\n<\/tr>\n
HSE.PR.G<\/td>\nFixedReset Disc<\/td>\n-1.83 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-06-24
\nMaturity Price : 10.70
\nEvaluated at bid price : 10.70
\nBid-YTW : 9.15 %<\/td>\n<\/tr>\n
BAM.PR.N<\/td>\nPerpetual-Discount<\/td>\n-1.81 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-06-24
\nMaturity Price : 21.11
\nEvaluated at bid price : 21.11
\nBid-YTW : 5.66 %<\/td>\n<\/tr>\n
BMO.PR.S<\/td>\nFixedReset Disc<\/td>\n-1.76 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-06-24
\nMaturity Price : 15.08
\nEvaluated at bid price : 15.08
\nBid-YTW : 4.94 %<\/td>\n<\/tr>\n
HSE.PR.E<\/td>\nFixedReset Disc<\/td>\n-1.70 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-06-24
\nMaturity Price : 11.55
\nEvaluated at bid price : 11.55
\nBid-YTW : 9.13 %<\/td>\n<\/tr>\n
BAM.PR.M<\/td>\nPerpetual-Discount<\/td>\n-1.62 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-06-24
\nMaturity Price : 21.24
\nEvaluated at bid price : 21.24
\nBid-YTW : 5.62 %<\/td>\n<\/tr>\n
IFC.PR.G<\/td>\nFixedReset Ins Non<\/td>\n-1.61 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-06-24
\nMaturity Price : 15.25
\nEvaluated at bid price : 15.25
\nBid-YTW : 5.37 %<\/td>\n<\/tr>\n
BMO.PR.Y<\/td>\nFixedReset Disc<\/td>\n-1.60 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-06-24
\nMaturity Price : 15.99
\nEvaluated at bid price : 15.99
\nBid-YTW : 4.85 %<\/td>\n<\/tr>\n
HSE.PR.A<\/td>\nFixedReset Disc<\/td>\n-1.59 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-06-24
\nMaturity Price : 6.20
\nEvaluated at bid price : 6.20
\nBid-YTW : 8.59 %<\/td>\n<\/tr>\n
MFC.PR.F<\/td>\nFixedReset Ins Non<\/td>\n-1.58 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-06-24
\nMaturity Price : 9.35
\nEvaluated at bid price : 9.35
\nBid-YTW : 4.82 %<\/td>\n<\/tr>\n
IFC.PR.C<\/td>\nFixedReset Ins Non<\/td>\n-1.54 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-06-24
\nMaturity Price : 14.10
\nEvaluated at bid price : 14.10
\nBid-YTW : 5.42 %<\/td>\n<\/tr>\n
TRP.PR.H<\/td>\nFloatingReset<\/td>\n-1.47 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-06-24
\nMaturity Price : 7.39
\nEvaluated at bid price : 7.39
\nBid-YTW : 5.02 %<\/td>\n<\/tr>\n
CM.PR.O<\/td>\nFixedReset Disc<\/td>\n-1.46 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-06-24
\nMaturity Price : 14.21
\nEvaluated at bid price : 14.21
\nBid-YTW : 5.26 %<\/td>\n<\/tr>\n
BAM.PF.B<\/td>\nFixedReset Disc<\/td>\n-1.38 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-06-24
\nMaturity Price : 14.30
\nEvaluated at bid price : 14.30
\nBid-YTW : 5.87 %<\/td>\n<\/tr>\n
RY.PR.Z<\/td>\nFixedReset Disc<\/td>\n-1.37 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-06-24
\nMaturity Price : 15.10
\nEvaluated at bid price : 15.10
\nBid-YTW : 4.71 %<\/td>\n<\/tr>\n
HSE.PR.C<\/td>\nFixedReset Disc<\/td>\n-1.37 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-06-24
\nMaturity Price : 10.80
\nEvaluated at bid price : 10.80
\nBid-YTW : 9.16 %<\/td>\n<\/tr>\n
MFC.PR.M<\/td>\nFixedReset Ins Non<\/td>\n-1.32 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-06-24
\nMaturity Price : 14.90
\nEvaluated at bid price : 14.90
\nBid-YTW : 5.05 %<\/td>\n<\/tr>\n
NA.PR.S<\/td>\nFixedReset Disc<\/td>\n-1.31 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-06-24
\nMaturity Price : 15.10
\nEvaluated at bid price : 15.10
\nBid-YTW : 5.10 %<\/td>\n<\/tr>\n
TD.PF.B<\/td>\nFixedReset Disc<\/td>\n-1.29 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-06-24
\nMaturity Price : 15.25
\nEvaluated at bid price : 15.25
\nBid-YTW : 4.80 %<\/td>\n<\/tr>\n
BMO.PR.T<\/td>\nFixedReset Disc<\/td>\n-1.28 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-06-24
\nMaturity Price : 14.61
\nEvaluated at bid price : 14.61
\nBid-YTW : 4.91 %<\/td>\n<\/tr>\n
BAM.PR.R<\/td>\nFixedReset Disc<\/td>\n-1.28 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-06-24
\nMaturity Price : 11.55
\nEvaluated at bid price : 11.55
\nBid-YTW : 5.83 %<\/td>\n<\/tr>\n
IFC.PR.F<\/td>\nDeemed-Retractible<\/td>\n-1.27 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-06-24
\nMaturity Price : 22.92
\nEvaluated at bid price : 23.25
\nBid-YTW : 5.71 %<\/td>\n<\/tr>\n
RY.PR.H<\/td>\nFixedReset Disc<\/td>\n-1.27 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-06-24
\nMaturity Price : 15.50
\nEvaluated at bid price : 15.50
\nBid-YTW : 4.65 %<\/td>\n<\/tr>\n
BNS.PR.H<\/td>\nFixedReset Disc<\/td>\n-1.27 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-06-24
\nMaturity Price : 22.99
\nEvaluated at bid price : 23.40
\nBid-YTW : 4.95 %<\/td>\n<\/tr>\n
IFC.PR.I<\/td>\nPerpetual-Discount<\/td>\n-1.26 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-06-24
\nMaturity Price : 23.30
\nEvaluated at bid price : 23.60
\nBid-YTW : 5.74 %<\/td>\n<\/tr>\n
BMO.PR.C<\/td>\nFixedReset Disc<\/td>\n-1.25 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-06-24
\nMaturity Price : 19.00
\nEvaluated at bid price : 19.00
\nBid-YTW : 5.03 %<\/td>\n<\/tr>\n
TD.PF.I<\/td>\nFixedReset Disc<\/td>\n-1.18 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-06-24
\nMaturity Price : 18.37
\nEvaluated at bid price : 18.37
\nBid-YTW : 4.89 %<\/td>\n<\/tr>\n
PWF.PR.P<\/td>\nFixedReset Disc<\/td>\n-1.16 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-06-24
\nMaturity Price : 9.40
\nEvaluated at bid price : 9.40
\nBid-YTW : 5.35 %<\/td>\n<\/tr>\n
BAM.PF.D<\/td>\nPerpetual-Discount<\/td>\n-1.13 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-06-24
\nMaturity Price : 21.97
\nEvaluated at bid price : 21.97
\nBid-YTW : 5.61 %<\/td>\n<\/tr>\n
BAM.PF.J<\/td>\nFixedReset Disc<\/td>\n-1.06 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-06-24
\nMaturity Price : 22.65
\nEvaluated at bid price : 23.25
\nBid-YTW : 5.10 %<\/td>\n<\/tr>\n
IAF.PR.B<\/td>\nDeemed-Retractible<\/td>\n-1.06 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-06-24
\nMaturity Price : 21.42
\nEvaluated at bid price : 21.42
\nBid-YTW : 5.40 %<\/td>\n<\/tr>\n
IAF.PR.I<\/td>\nFixedReset Ins Non<\/td>\n-1.04 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-06-24
\nMaturity Price : 17.17
\nEvaluated at bid price : 17.17
\nBid-YTW : 4.96 %<\/td>\n<\/tr>\n
IFC.PR.E<\/td>\nDeemed-Retractible<\/td>\n-1.03 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-06-24
\nMaturity Price : 22.67
\nEvaluated at bid price : 22.99
\nBid-YTW : 5.67 %<\/td>\n<\/tr>\n
CU.PR.I<\/td>\nFixedReset Disc<\/td>\n1.12 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-06-24
\nMaturity Price : 23.54
\nEvaluated at bid price : 24.32
\nBid-YTW : 4.62 %<\/td>\n<\/tr>\n
GWO.PR.Q<\/td>\nDeemed-Retractible<\/td>\n1.20 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-06-24
\nMaturity Price : 22.51
\nEvaluated at bid price : 22.77
\nBid-YTW : 5.67 %<\/td>\n<\/tr>\n
NA.PR.C<\/td>\nFixedReset Disc<\/td>\n1.36 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-06-24
\nMaturity Price : 19.41
\nEvaluated at bid price : 19.41
\nBid-YTW : 5.07 %<\/td>\n<\/tr>\n
TD.PF.M<\/td>\nFixedReset Disc<\/td>\n1.38 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-06-24
\nMaturity Price : 21.72
\nEvaluated at bid price : 22.05
\nBid-YTW : 4.82 %<\/td>\n<\/tr>\n
BIK.PR.A<\/td>\nFixedReset Disc<\/td>\n1.70 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-06-24
\nMaturity Price : 22.83
\nEvaluated at bid price : 23.90
\nBid-YTW : 6.10 %<\/td>\n<\/tr>\n
PWF.PR.A<\/td>\nFloater<\/td>\n2.04 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-06-24
\nMaturity Price : 9.49
\nEvaluated at bid price : 9.49
\nBid-YTW : 4.57 %<\/td>\n<\/tr>\n
IFC.PR.A<\/td>\nFixedReset Ins Non<\/td>\n3.27 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-06-24
\nMaturity Price : 11.36
\nEvaluated at bid price : 11.36
\nBid-YTW : 5.05 %<\/td>\n<\/tr>\n
TD.PF.J<\/td>\nFixedReset Disc<\/td>\n4.99 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-06-24
\nMaturity Price : 17.68
\nEvaluated at bid price : 17.68
\nBid-YTW : 4.78 %<\/td>\n<\/tr>\n<\/table>\n\n\n\n\n\n\n\n\n\n\n
Volume Highlights<\/strong><\/td>\n<\/tr>\n
Issue<\/td>\nIndex<\/td>\nShares
Traded<\/td>\n		Notes<\/td>\n<\/tr>\n
MFC.PR.C<\/td>\nDeemed-Retractible<\/td>\n98,400<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-06-24
\nMaturity Price : 21.21
\nEvaluated at bid price : 21.21
\nBid-YTW : 5.34 %<\/td>\n<\/tr>\n
PWF.PR.Z<\/td>\nPerpetual-Discount<\/td>\n63,800<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-06-24
\nMaturity Price : 22.27
\nEvaluated at bid price : 22.66
\nBid-YTW : 5.76 %<\/td>\n<\/tr>\n
W.PR.K<\/td>\nFixedReset Disc<\/td>\n63,223<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-06-24
\nMaturity Price : 24.04
\nEvaluated at bid price : 24.65
\nBid-YTW : 5.40 %<\/td>\n<\/tr>\n
CM.PR.Q<\/td>\nFixedReset Disc<\/td>\n43,800<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-06-24
\nMaturity Price : 15.35
\nEvaluated at bid price : 15.35
\nBid-YTW : 5.23 %<\/td>\n<\/tr>\n
MFC.PR.H<\/td>\nFixedReset Ins Non<\/td>\n42,600<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-06-24
\nMaturity Price : 17.40
\nEvaluated at bid price : 17.40
\nBid-YTW : 5.16 %<\/td>\n<\/tr>\n
TD.PF.I<\/td>\nFixedReset Disc<\/td>\n41,950<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-06-24
\nMaturity Price : 18.37
\nEvaluated at bid price : 18.37
\nBid-YTW : 4.89 %<\/td>\n<\/tr>\n
There were 24 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
CCS.PR.C<\/td>\nDeemed-Retractible<\/td>\nQuote: 21.70 – 23.00
\nSpot Rate : 1.3000
\nAverage : 0.8933<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-06-24
\nMaturity Price : 21.44
\nEvaluated at bid price : 21.70
\nBid-YTW : 5.78 %<\/td>\n<\/tr>\n

MFC.PR.G<\/td>\nFixedReset Ins Non<\/td>\nQuote: 15.75 – 16.64
\nSpot Rate : 0.8900
\nAverage : 0.6556<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-06-24
\nMaturity Price : 15.75
\nEvaluated at bid price : 15.75
\nBid-YTW : 5.29 %<\/td>\n<\/tr>\n

BMO.PR.C<\/td>\nFixedReset Disc<\/td>\nQuote: 19.00 – 19.65
\nSpot Rate : 0.6500
\nAverage : 0.4603<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-06-24
\nMaturity Price : 19.00
\nEvaluated at bid price : 19.00
\nBid-YTW : 5.03 %<\/td>\n<\/tr>\n

MFC.PR.N<\/td>\nFixedReset Ins Non<\/td>\nQuote: 13.21 – 14.74
\nSpot Rate : 1.5300
\nAverage : 1.3410<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-06-24
\nMaturity Price : 13.21
\nEvaluated at bid price : 13.21
\nBid-YTW : 5.60 %<\/td>\n<\/tr>\n

SLF.PR.J<\/td>\nFloatingReset<\/td>\nQuote: 9.00 – 9.70
\nSpot Rate : 0.7000
\nAverage : 0.5153<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-06-24
\nMaturity Price : 9.00
\nEvaluated at bid price : 9.00
\nBid-YTW : 4.48 %<\/td>\n<\/tr>\n

BAM.PF.A<\/td>\nFixedReset Disc<\/td>\nQuote: 16.00 – 16.50
\nSpot Rate : 0.5000
\nAverage : 0.3367<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-06-24
\nMaturity Price : 16.00
\nEvaluated at bid price : 16.00
\nBid-YTW : 5.67 %<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Click for Big TXPR closed at 533.89, down 0.58% on the day. Volume today was 1.89-million, near the median of the past thirty days. CPD closed at 10.68, down 0.65% on the day. Volume was …<\/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-41033","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/41033","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=41033"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/41033\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=41033"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=41033"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=41033"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}