{"id":41173,"date":"2020-07-24T21:35:57","date_gmt":"2020-07-25T02:35:57","guid":{"rendered":"http:\/\/prefblog.com\/?p=41173"},"modified":"2020-07-24T21:35:57","modified_gmt":"2020-07-25T02:35:57","slug":"july-24-2020","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=41173","title":{"rendered":"July 24, 2020"},"content":{"rendered":"<p>S&#038;P has <a href=\"https:\/\/www.standardandpoors.com\/en_US\/web\/guest\/article\/-\/view\/type\/HTML\/id\/2485156\">downgraded Bombardier to CCC<\/a>:<\/p>\n<blockquote>\n<ul>\n<li>Bombardier Inc. recently announced that it had secured a commitment for a new secured term loan facility for up to US$1 billion due 2023.\n<li>We believe the intended use of the new facility is to provide Bombardier with additional liquidity to operate its business through the COVID-19 pandemic as the company works to close previously announced divestitures.\n<li>Based on the secured claim of the proposed term loan on certain aviation inventory and related accounts receivable, we estimate lower recovery prospects for the company&#8217;s unsecured creditors in our hypothetical default scenario.\n<li>As a result, S&#038;P Global Ratings lowered its issue-level rating on Bombardier&#8217;s unsecured notes to &#8216;CCC&#8217; from &#8216;CCC+&#8217;. We revised the recovery rating to &#8216;5&#8217; from &#8216;4&#8217;.\n<li>All other ratings on the company are unchanged, including S&#038;P Global Ratings&#8217; &#8216;CCC+&#8217; issuer credit rating (ICR).<\/ul>\n<\/blockquote>\n<p>The preferreds, which they <a href=\"http:\/\/prefblog.com\/?p=40595\">downgraded to CC in March<\/a>, are unaffected.<\/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>0.0394 %<\/td>\n<td>1,647.8<\/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>0.0394 %<\/td>\n<td>3,023.6<\/td>\n<\/tr>\n<tr>\n<td>Floater<\/td>\n<td>5.07 %<\/td>\n<td>5.10 %<\/td>\n<td>66,827<\/td>\n<td>15.32<\/td>\n<td>3<\/td>\n<td>0.0394 %<\/td>\n<td>1,742.5<\/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>-0.0057 %<\/td>\n<td>3,479.6<\/td>\n<\/tr>\n<tr>\n<td>SplitShare<\/td>\n<td>4.83 %<\/td>\n<td>4.92 %<\/td>\n<td>51,234<\/td>\n<td>3.75<\/td>\n<td>7<\/td>\n<td>-0.0057 %<\/td>\n<td>4,155.4<\/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>-0.0057 %<\/td>\n<td>3,242.2<\/td>\n<\/tr>\n<tr>\n<td>Perpetual-Premium<\/td>\n<td>5.18 %<\/td>\n<td>4.86 %<\/td>\n<td>74,492<\/td>\n<td>4.08<\/td>\n<td>1<\/td>\n<td>-1.2866 %<\/td>\n<td>3,078.3<\/td>\n<\/tr>\n<tr>\n<td>Perpetual-Discount<\/td>\n<td>5.54 %<\/td>\n<td>5.67 %<\/td>\n<td>79,722<\/td>\n<td>14.38<\/td>\n<td>35<\/td>\n<td>-0.0123 %<\/td>\n<td>3,297.2<\/td>\n<\/tr>\n<tr>\n<td>FixedReset Disc<\/td>\n<td>5.69 %<\/td>\n<td>4.57 %<\/td>\n<td>142,838<\/td>\n<td>15.86<\/td>\n<td>75<\/td>\n<td>-0.0406 %<\/td>\n<td>1,987.6<\/td>\n<\/tr>\n<tr>\n<td>Deemed-Retractible<\/td>\n<td>5.28 %<\/td>\n<td>5.38 %<\/td>\n<td>93,334<\/td>\n<td>14.50<\/td>\n<td>27<\/td>\n<td>-0.1672 %<\/td>\n<td>3,251.3<\/td>\n<\/tr>\n<tr>\n<td>FloatingReset<\/td>\n<td>2.37 %<\/td>\n<td>2.39 %<\/td>\n<td>32,062<\/td>\n<td>1.50<\/td>\n<td>4<\/td>\n<td>-0.1744 %<\/td>\n<td>1,763.3<\/td>\n<\/tr>\n<tr>\n<td>FixedReset Prem<\/td>\n<td>5.45 %<\/td>\n<td>4.34 %<\/td>\n<td>344,705<\/td>\n<td>0.97<\/td>\n<td>3<\/td>\n<td>-0.6174 %<\/td>\n<td>2,595.5<\/td>\n<\/tr>\n<tr>\n<td>FixedReset Bank Non<\/td>\n<td>1.95 %<\/td>\n<td>2.53 %<\/td>\n<td>98,611<\/td>\n<td>1.49<\/td>\n<td>2<\/td>\n<td>0.0000 %<\/td>\n<td>2,828.4<\/td>\n<\/tr>\n<tr>\n<td>FixedReset Ins Non<\/td>\n<td>5.93 %<\/td>\n<td>4.66 %<\/td>\n<td>98,363<\/td>\n<td>15.48<\/td>\n<td>22<\/td>\n<td>-1.0716 %<\/td>\n<td>2,009.2<\/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>IAF.PR.G<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>-12.12 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-07-24<br \/>\nMaturity Price  : 15.95<br \/>\nEvaluated at bid price : 15.95<br \/>\nBid-YTW : 5.17 %<\/td>\n<\/tr>\n<tr>\n<td>MFC.PR.M<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>-8.98 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-07-24<br \/>\nMaturity Price  : 14.70<br \/>\nEvaluated at bid price : 14.70<br \/>\nBid-YTW : 5.13 %<\/td>\n<\/tr>\n<tr>\n<td>IFC.PR.A<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>-6.60 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-07-24<br \/>\nMaturity Price  : 11.75<br \/>\nEvaluated at bid price : 11.75<br \/>\nBid-YTW : 4.87 %<\/td>\n<\/tr>\n<tr>\n<td>MFC.PR.F<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>-4.42 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-07-24<br \/>\nMaturity Price  : 9.51<br \/>\nEvaluated at bid price : 9.51<br \/>\nBid-YTW : 4.73 %<\/td>\n<\/tr>\n<tr>\n<td>RY.PR.M<\/td>\n<td>FixedReset Disc<\/td>\n<td>-3.58 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-07-24<br \/>\nMaturity Price  : 17.50<br \/>\nEvaluated at bid price : 17.50<br \/>\nBid-YTW : 4.25 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PF.G<\/td>\n<td>FixedReset Disc<\/td>\n<td>-2.71 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-07-24<br \/>\nMaturity Price  : 14.35<br \/>\nEvaluated at bid price : 14.35<br \/>\nBid-YTW : 5.65 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PF.I<\/td>\n<td>FixedReset Disc<\/td>\n<td>-2.49 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-07-24<br \/>\nMaturity Price  : 23.11<br \/>\nEvaluated at bid price : 23.50<br \/>\nBid-YTW : 5.14 %<\/td>\n<\/tr>\n<tr>\n<td>PWF.PR.P<\/td>\n<td>FixedReset Disc<\/td>\n<td>-2.30 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-07-24<br \/>\nMaturity Price  : 10.20<br \/>\nEvaluated at bid price : 10.20<br \/>\nBid-YTW : 4.82 %<\/td>\n<\/tr>\n<tr>\n<td>RY.PR.N<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-1.62 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-07-24<br \/>\nMaturity Price  : 24.07<br \/>\nEvaluated at bid price : 24.35<br \/>\nBid-YTW : 5.02 %<\/td>\n<\/tr>\n<tr>\n<td>SLF.PR.J<\/td>\n<td>FloatingReset<\/td>\n<td>-1.57 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-07-24<br \/>\nMaturity Price  : 9.41<br \/>\nEvaluated at bid price : 9.41<br \/>\nBid-YTW : 4.23 %<\/td>\n<\/tr>\n<tr>\n<td>RY.PR.O<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-1.42 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-07-24<br \/>\nMaturity Price  : 24.05<br \/>\nEvaluated at bid price : 24.33<br \/>\nBid-YTW : 5.02 %<\/td>\n<\/tr>\n<tr>\n<td>BIP.PR.F<\/td>\n<td>FixedReset Disc<\/td>\n<td>-1.38 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-07-24<br \/>\nMaturity Price  : 21.40<br \/>\nEvaluated at bid price : 21.40<br \/>\nBid-YTW : 6.03 %<\/td>\n<\/tr>\n<tr>\n<td>RY.PR.R<\/td>\n<td>FixedReset Prem<\/td>\n<td>-1.33 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Call<br \/>\nMaturity Date\t: 2021-08-24<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 25.20<br \/>\nBid-YTW : 4.34 %<\/td>\n<\/tr>\n<tr>\n<td>RY.PR.P<\/td>\n<td>Perpetual-Premium<\/td>\n<td>-1.29 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Call<br \/>\nMaturity Date\t: 2025-02-24<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 25.32<br \/>\nBid-YTW : 4.86 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PF.F<\/td>\n<td>FixedReset Disc<\/td>\n<td>-1.28 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-07-24<br \/>\nMaturity Price  : 15.39<br \/>\nEvaluated at bid price : 15.39<br \/>\nBid-YTW : 5.60 %<\/td>\n<\/tr>\n<tr>\n<td>RY.PR.C<\/td>\n<td>Deemed-Retractible<\/td>\n<td>-1.15 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Call<br \/>\nMaturity Date\t: 2020-08-23<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 25.03<br \/>\nBid-YTW : -1.61 %<\/td>\n<\/tr>\n<tr>\n<td>IAF.PR.B<\/td>\n<td>Deemed-Retractible<\/td>\n<td>-1.06 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-07-24<br \/>\nMaturity Price  : 21.29<br \/>\nEvaluated at bid price : 21.56<br \/>\nBid-YTW : 5.38 %<\/td>\n<\/tr>\n<tr>\n<td>RY.PR.G<\/td>\n<td>Deemed-Retractible<\/td>\n<td>-1.03 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Call<br \/>\nMaturity Date\t: 2020-08-23<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 25.02<br \/>\nBid-YTW : -1.12 %<\/td>\n<\/tr>\n<tr>\n<td>MFC.PR.C<\/td>\n<td>Deemed-Retractible<\/td>\n<td>-1.02 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-07-24<br \/>\nMaturity Price  : 21.38<br \/>\nEvaluated at bid price : 21.38<br \/>\nBid-YTW : 5.33 %<\/td>\n<\/tr>\n<tr>\n<td>BMO.PR.E<\/td>\n<td>FixedReset Disc<\/td>\n<td>-1.01 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-07-24<br \/>\nMaturity Price  : 19.55<br \/>\nEvaluated at bid price : 19.55<br \/>\nBid-YTW : 4.36 %<\/td>\n<\/tr>\n<tr>\n<td>TRP.PR.E<\/td>\n<td>FixedReset Disc<\/td>\n<td>1.06 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-07-24<br \/>\nMaturity Price  : 13.35<br \/>\nEvaluated at bid price : 13.35<br \/>\nBid-YTW : 5.58 %<\/td>\n<\/tr>\n<tr>\n<td>CU.PR.G<\/td>\n<td>Perpetual-Discount<\/td>\n<td>1.11 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-07-24<br \/>\nMaturity Price  : 21.80<br \/>\nEvaluated at bid price : 21.80<br \/>\nBid-YTW : 5.24 %<\/td>\n<\/tr>\n<tr>\n<td>IFC.PR.C<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>1.86 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-07-24<br \/>\nMaturity Price  : 16.45<br \/>\nEvaluated at bid price : 16.45<br \/>\nBid-YTW : 4.65 %<\/td>\n<\/tr>\n<tr>\n<td>BIP.PR.A<\/td>\n<td>FixedReset Disc<\/td>\n<td>1.91 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-07-24<br \/>\nMaturity Price  : 16.00<br \/>\nEvaluated at bid price : 16.00<br \/>\nBid-YTW : 6.22 %<\/td>\n<\/tr>\n<tr>\n<td>GWO.PR.N<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>3.76 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-07-24<br \/>\nMaturity Price  : 10.20<br \/>\nEvaluated at bid price : 10.20<br \/>\nBid-YTW : 4.12 %<\/td>\n<\/tr>\n<tr>\n<td>MFC.PR.G<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>4.68 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-07-24<br \/>\nMaturity Price  : 17.90<br \/>\nEvaluated at bid price : 17.90<br \/>\nBid-YTW : 4.66 %<\/td>\n<\/tr>\n<tr>\n<td>NA.PR.W<\/td>\n<td>FixedReset Disc<\/td>\n<td>5.14 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-07-24<br \/>\nMaturity Price  : 16.35<br \/>\nEvaluated at bid price : 16.35<br \/>\nBid-YTW : 4.43 %<\/td>\n<\/tr>\n<tr>\n<td>CU.PR.C<\/td>\n<td>FixedReset Disc<\/td>\n<td>6.76 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-07-24<br \/>\nMaturity Price  : 15.00<br \/>\nEvaluated at bid price : 15.00<br \/>\nBid-YTW : 4.77 %<\/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>TRP.PR.C<\/td>\n<td>FixedReset Disc<\/td>\n<td>157,200<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-07-24<br \/>\nMaturity Price  : 9.02<br \/>\nEvaluated at bid price : 9.02<br \/>\nBid-YTW : 5.29 %<\/td>\n<\/tr>\n<tr>\n<td>BNS.PR.E<\/td>\n<td>FixedReset Disc<\/td>\n<td>41,600<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Call<br \/>\nMaturity Date\t: 2021-04-25<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 25.15<br \/>\nBid-YTW : 4.62 %<\/td>\n<\/tr>\n<tr>\n<td>TD.PF.I<\/td>\n<td>FixedReset Disc<\/td>\n<td>40,100<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-07-24<br \/>\nMaturity Price  : 21.05<br \/>\nEvaluated at bid price : 21.05<br \/>\nBid-YTW : 4.16 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PF.E<\/td>\n<td>FixedReset Disc<\/td>\n<td>35,200<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-07-24<br \/>\nMaturity Price  : 14.11<br \/>\nEvaluated at bid price : 14.11<br \/>\nBid-YTW : 5.54 %<\/td>\n<\/tr>\n<tr>\n<td>TRP.PR.A<\/td>\n<td>FixedReset Disc<\/td>\n<td>30,625<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-07-24<br \/>\nMaturity Price  : 11.90<br \/>\nEvaluated at bid price : 11.90<br \/>\nBid-YTW : 5.52 %<\/td>\n<\/tr>\n<tr>\n<td>TD.PF.G<\/td>\n<td>FixedReset Prem<\/td>\n<td>30,077<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Call<br \/>\nMaturity Date\t: 2021-04-30<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 25.13<br \/>\nBid-YTW : 4.65 %<\/td>\n<\/tr>\n<tr>\n<td colspan='4'>There were 14 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.PR.X<\/td>\n<td>FixedReset Disc<\/td>\n<td>Quote: 10.45 &#8211; 17.27<br \/>\nSpot Rate  :  6.8200<br \/>\nAverage  :  3.8095<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-07-24<br \/>\nMaturity Price  : 10.45<br \/>\nEvaluated at bid price : 10.45<br \/>\nBid-YTW : 5.36 %<\/td>\n<\/tr>\n<tr>\n<td>IAF.PR.G<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>Quote: 15.95 &#8211; 18.34<br \/>\nSpot Rate  :  2.3900<br \/>\nAverage  :  1.4159<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-07-24<br \/>\nMaturity Price  : 15.95<br \/>\nEvaluated at bid price : 15.95<br \/>\nBid-YTW : 5.17 %<\/td>\n<\/tr>\n<tr>\n<td>TD.PF.C<\/td>\n<td>FixedReset Disc<\/td>\n<td>Quote: 17.05 &#8211; 18.89<br \/>\nSpot Rate  :  1.8400<br \/>\nAverage  :  1.0561<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-07-24<br \/>\nMaturity Price  : 17.05<br \/>\nEvaluated at bid price : 17.05<br \/>\nBid-YTW : 4.26 %<\/td>\n<\/tr>\n<tr>\n<td>MFC.PR.J<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>Quote: 17.40 &#8211; 19.17<br \/>\nSpot Rate  :  1.7700<br \/>\nAverage  :  1.0381<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-07-24<br \/>\nMaturity Price  : 17.40<br \/>\nEvaluated at bid price : 17.40<br \/>\nBid-YTW : 4.68 %<\/td>\n<\/tr>\n<tr>\n<td>TD.PF.D<\/td>\n<td>FixedReset Disc<\/td>\n<td>Quote: 18.63 &#8211; 20.00<br \/>\nSpot Rate  :  1.3700<br \/>\nAverage  :  0.8961<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-07-24<br \/>\nMaturity Price  : 18.63<br \/>\nEvaluated at bid price : 18.63<br \/>\nBid-YTW : 4.23 %<\/td>\n<\/tr>\n<tr>\n<td>MFC.PR.M<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>Quote: 14.70 &#8211; 16.10<br \/>\nSpot Rate  :  1.4000<br \/>\nAverage  :  0.9274<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-07-24<br \/>\nMaturity Price  : 14.70<br \/>\nEvaluated at bid price : 14.70<br \/>\nBid-YTW : 5.13 %<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>S&#038;P has downgraded Bombardier to CCC: Bombardier Inc. recently announced that it had secured a commitment for a new secured term loan facility for up to US$1 billion due 2023. We believe the intended use &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-41173","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/41173","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=41173"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/41173\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=41173"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=41173"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=41173"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}