{"id":41291,"date":"2020-08-31T19:18:42","date_gmt":"2020-09-01T00:18:42","guid":{"rendered":"http:\/\/prefblog.com\/?p=41291"},"modified":"2020-08-31T19:18:42","modified_gmt":"2020-09-01T00:18:42","slug":"august-31-2020","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=41291","title":{"rendered":"August 31, 2020"},"content":{"rendered":"

Here’s what Britain is talking about<\/a> by way of paying the coronavirus debt:<\/p>\n

Treasury officials in Britain are pushing for tax hikes to plug holes blown in public finances by the coronavirus pandemic, two leading British newspapers said.<\/p>\n

Such hikes will enable the Exchequer to raise at least \u00a320-billion ($35-billion) a year, and some could be introduced in https:\/\/www.theglobeandmail.com\/business\/article-liberals-revised-covid-19-emergency-benefits-resemble-a-national\/#commentsthe November budget, the Sunday Telegraph said.<\/p>\n

The Sunday Times newspaper said officials were drawing up plans for a \u00a330-billion \u201ctax raid\u201d on the wealthy, businesses, pensions and foreign aid.<\/p>\n

In its budget, the government also plans to raise both capital gains tax and corporation tax, the Sunday Times added.<\/p>\n

Finance Minister Rishi Sunak is considering a proposal to boost corporation tax to 24 per cent from 19 per cent, a move that would raise \u00a312-billion next year, rising to \u00a317-billion in 2023-24, the paper said.<\/p><\/blockquote>\n

I was infuriated by a recent article<\/a> about the new coronavirus supports and their similarity to Guaranteed Annual Income:<\/p>\n

According to the tenets of a guaranteed basic income program, all adults are eligible for government benefits that establish a floor for income, but those payments decline as earnings from wages rise. That gradual reduction, or clawback, means that the basic income benefit is eliminated entirely for higher earners.<\/p><\/blockquote>\n

Wrong, wrong, wrong!<\/p>\n

A ‘clawback’ implies that there is a higher marginal rate on low earnings that is hidden from obvious view. This leads to such things as welfare recipients facing a marginal tax rate in excess of 50% on earnings which is often claimed to be a disincentive to work.<\/p>\n

You want guaranteed basic income? Fine. Good. But it must work as follows:
\ni) Cut everybody a cheque for $X.
\nii) This $X is included in taxable income
\niii) Then tax the taxable income in the usual way.<\/p>\n

The Bank of Canada has published its 2019 Cash Alternative Survey Results<\/a>:<\/p>\n

The role of cash in Canadians\u2019 lives has been evolving, as innovations in digital payments have become more widely adopted over the past decade. The emergence of privately issued digital currencies has motivated many central banks to conduct research into central bank digital currencies (CBDCs). We contribute to the Bank of Canada\u2019s research on CBDC by monitoring Canadians\u2019 use of cash and their adoption of digital payment methods.<\/p>\n

The Bank conducted the 2019 Cash Alternative Survey (CAS) in August and September 2019. The 2019 CAS asked respondents to report their cash holdings, adoption of cryptocurrencies, and views regarding the potential impact of cash disappearing from the Canadian economy.<\/p>\n

We find that Canadians\u2019 cash holdings remain stable, and cryptocurrency adoption remains limited and concentrated among few demographics. Looking ahead, we find few Canadians plan to stop using cash and a significant share report they would find the disappearance of cash problematic. We plan to conduct further iterations of the Cash Alternative Study to further analyze Canadians\u2019 cash use, including their withdrawal and spending behaviour.<\/p><\/blockquote>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
HIMIPref™ Preferred Indices
These values reflect the December 2008 revision of the HIMIPref™ Indices<\/strong>
Values are provisional and are finalized monthly<\/td>\n<\/tr>\n
Index<\/td>\nMean
Current
Yield
(at bid)<\/td>\n		Median
YTW<\/td>\n		Median
Average
Trading
Value<\/td>\n		Median
Mod Dur
(YTW)<\/td>\n		Issues<\/td>\nDay’s Perf.<\/td>\nIndex Value<\/td>\n<\/tr>\n
Ratchet<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.1168 %<\/td>\n1,669.9<\/td>\n<\/tr>\n
FixedFloater<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.1168 %<\/td>\n3,064.1<\/td>\n<\/tr>\n
Floater<\/td>\n5.00 %<\/td>\n5.08 %<\/td>\n63,879<\/td>\n15.27<\/td>\n3<\/td>\n0.1168 %<\/td>\n1,765.9<\/td>\n<\/tr>\n
OpRet<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.0694 %<\/td>\n3,532.3<\/td>\n<\/tr>\n
SplitShare<\/td>\n4.68 %<\/td>\n4.39 %<\/td>\n40,851<\/td>\n3.24<\/td>\n8<\/td>\n0.0694 %<\/td>\n4,218.3<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.0694 %<\/td>\n3,291.3<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.51 %<\/td>\n4.60 %<\/td>\n82,252<\/td>\n2.76<\/td>\n4<\/td>\n0.4152 %<\/td>\n3,119.7<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n5.30 %<\/td>\n5.14 %<\/td>\n79,410<\/td>\n14.68<\/td>\n31<\/td>\n0.6930 %<\/td>\n3,445.0<\/td>\n<\/tr>\n
FixedReset Disc<\/td>\n5.45 %<\/td>\n4.30 %<\/td>\n120,354<\/td>\n16.26<\/td>\n67<\/td>\n0.0008 %<\/td>\n2,102.5<\/td>\n<\/tr>\n
Deemed-Retractible<\/td>\n5.11 %<\/td>\n5.09 %<\/td>\n102,778<\/td>\n14.91<\/td>\n27<\/td>\n0.5886 %<\/td>\n3,373.7<\/td>\n<\/tr>\n
FloatingReset<\/td>\n2.82 %<\/td>\n2.29 %<\/td>\n40,730<\/td>\n1.40<\/td>\n3<\/td>\n0.7143 %<\/td>\n1,819.1<\/td>\n<\/tr>\n
FixedReset Prem<\/td>\n5.26 %<\/td>\n4.39 %<\/td>\n234,013<\/td>\n0.87<\/td>\n11<\/td>\n-0.1328 %<\/td>\n2,615.9<\/td>\n<\/tr>\n
FixedReset Bank Non<\/td>\n1.95 %<\/td>\n2.33 %<\/td>\n126,911<\/td>\n1.39<\/td>\n2<\/td>\n0.0604 %<\/td>\n2,845.7<\/td>\n<\/tr>\n
FixedReset Ins Non<\/td>\n5.68 %<\/td>\n4.43 %<\/td>\n90,299<\/td>\n16.19<\/td>\n22<\/td>\n0.1966 %<\/td>\n2,119.4<\/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
Performance Highlights<\/strong><\/td>\n<\/tr>\n
Issue<\/td>\nIndex<\/td>\nChange<\/td>\nNotes<\/td>\n<\/tr>\n
BMO.PR.Y<\/td>\nFixedReset Disc<\/td>\n-4.76 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-08-31
\nMaturity Price : 18.00
\nEvaluated at bid price : 18.00
\nBid-YTW : 4.35 %<\/td>\n<\/tr>\n
MFC.PR.M<\/td>\nFixedReset Ins Non<\/td>\n-4.52 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-08-31
\nMaturity Price : 15.85
\nEvaluated at bid price : 15.85
\nBid-YTW : 4.74 %<\/td>\n<\/tr>\n
BAM.PR.R<\/td>\nFixedReset Disc<\/td>\n-3.42 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-08-31
\nMaturity Price : 12.70
\nEvaluated at bid price : 12.70
\nBid-YTW : 5.44 %<\/td>\n<\/tr>\n
BAM.PF.A<\/td>\nFixedReset Disc<\/td>\n-2.68 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-08-31
\nMaturity Price : 17.04
\nEvaluated at bid price : 17.04
\nBid-YTW : 5.42 %<\/td>\n<\/tr>\n
TD.PF.I<\/td>\nFixedReset Disc<\/td>\n-2.33 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-08-31
\nMaturity Price : 21.00
\nEvaluated at bid price : 21.00
\nBid-YTW : 4.25 %<\/td>\n<\/tr>\n
MFC.PR.F<\/td>\nFixedReset Ins Non<\/td>\n-1.47 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-08-31
\nMaturity Price : 10.05
\nEvaluated at bid price : 10.05
\nBid-YTW : 4.54 %<\/td>\n<\/tr>\n
CM.PR.S<\/td>\nFixedReset Disc<\/td>\n-1.46 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-08-31
\nMaturity Price : 18.92
\nEvaluated at bid price : 18.92
\nBid-YTW : 4.11 %<\/td>\n<\/tr>\n
PWF.PR.P<\/td>\nFixedReset Disc<\/td>\n-1.44 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-08-31
\nMaturity Price : 10.25
\nEvaluated at bid price : 10.25
\nBid-YTW : 4.95 %<\/td>\n<\/tr>\n
TRP.PR.K<\/td>\nFixedReset Disc<\/td>\n-1.38 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-08-31
\nMaturity Price : 23.98
\nEvaluated at bid price : 24.31
\nBid-YTW : 5.05 %<\/td>\n<\/tr>\n
RY.PR.S<\/td>\nFixedReset Disc<\/td>\n-1.36 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-08-31
\nMaturity Price : 20.33
\nEvaluated at bid price : 20.33
\nBid-YTW : 3.87 %<\/td>\n<\/tr>\n
TRP.PR.E<\/td>\nFixedReset Disc<\/td>\n-1.22 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-08-31
\nMaturity Price : 13.77
\nEvaluated at bid price : 13.77
\nBid-YTW : 5.51 %<\/td>\n<\/tr>\n
PWF.PR.E<\/td>\nPerpetual-Discount<\/td>\n1.00 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2020-09-30
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.15
\nBid-YTW : 3.89 %<\/td>\n<\/tr>\n
GWO.PR.T<\/td>\nDeemed-Retractible<\/td>\n1.02 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-08-31
\nMaturity Price : 24.35
\nEvaluated at bid price : 24.83
\nBid-YTW : 5.25 %<\/td>\n<\/tr>\n
IFC.PR.C<\/td>\nFixedReset Ins Non<\/td>\n1.09 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-08-31
\nMaturity Price : 16.76
\nEvaluated at bid price : 16.76
\nBid-YTW : 4.66 %<\/td>\n<\/tr>\n
CU.PR.E<\/td>\nPerpetual-Discount<\/td>\n1.14 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-08-31
\nMaturity Price : 23.67
\nEvaluated at bid price : 23.97
\nBid-YTW : 5.12 %<\/td>\n<\/tr>\n
PWF.PR.L<\/td>\nPerpetual-Discount<\/td>\n1.19 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-08-31
\nMaturity Price : 23.56
\nEvaluated at bid price : 23.83
\nBid-YTW : 5.40 %<\/td>\n<\/tr>\n
RY.PR.M<\/td>\nFixedReset Disc<\/td>\n1.24 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-08-31
\nMaturity Price : 19.59
\nEvaluated at bid price : 19.59
\nBid-YTW : 3.88 %<\/td>\n<\/tr>\n
GWO.PR.I<\/td>\nDeemed-Retractible<\/td>\n1.25 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-08-31
\nMaturity Price : 21.62
\nEvaluated at bid price : 21.87
\nBid-YTW : 5.22 %<\/td>\n<\/tr>\n
CU.PR.F<\/td>\nPerpetual-Discount<\/td>\n1.25 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-08-31
\nMaturity Price : 22.40
\nEvaluated at bid price : 22.68
\nBid-YTW : 4.97 %<\/td>\n<\/tr>\n
BAM.PF.B<\/td>\nFixedReset Disc<\/td>\n1.26 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-08-31
\nMaturity Price : 16.11
\nEvaluated at bid price : 16.11
\nBid-YTW : 5.29 %<\/td>\n<\/tr>\n
GWO.PR.N<\/td>\nFixedReset Ins Non<\/td>\n1.30 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-08-31
\nMaturity Price : 10.15
\nEvaluated at bid price : 10.15
\nBid-YTW : 4.29 %<\/td>\n<\/tr>\n
CU.PR.G<\/td>\nPerpetual-Discount<\/td>\n1.31 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-08-31
\nMaturity Price : 22.15
\nEvaluated at bid price : 22.44
\nBid-YTW : 5.03 %<\/td>\n<\/tr>\n
GWO.PR.P<\/td>\nDeemed-Retractible<\/td>\n1.32 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2020-09-30
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.33
\nBid-YTW : 0.48 %<\/td>\n<\/tr>\n
GWO.PR.R<\/td>\nDeemed-Retractible<\/td>\n1.35 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-08-31
\nMaturity Price : 22.91
\nEvaluated at bid price : 23.32
\nBid-YTW : 5.21 %<\/td>\n<\/tr>\n
CU.PR.H<\/td>\nPerpetual-Premium<\/td>\n1.40 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2023-09-01
\nMaturity Price : 25.25
\nEvaluated at bid price : 25.38
\nBid-YTW : 5.05 %<\/td>\n<\/tr>\n
CIU.PR.A<\/td>\nPerpetual-Discount<\/td>\n1.50 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-08-31
\nMaturity Price : 22.10
\nEvaluated at bid price : 22.38
\nBid-YTW : 5.15 %<\/td>\n<\/tr>\n
GWO.PR.H<\/td>\nDeemed-Retractible<\/td>\n1.55 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-08-31
\nMaturity Price : 23.24
\nEvaluated at bid price : 23.54
\nBid-YTW : 5.22 %<\/td>\n<\/tr>\n
PWF.PR.K<\/td>\nPerpetual-Discount<\/td>\n1.63 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-08-31
\nMaturity Price : 22.81
\nEvaluated at bid price : 23.09
\nBid-YTW : 5.41 %<\/td>\n<\/tr>\n
TD.PF.D<\/td>\nFixedReset Disc<\/td>\n1.64 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-08-31
\nMaturity Price : 20.47
\nEvaluated at bid price : 20.47
\nBid-YTW : 3.94 %<\/td>\n<\/tr>\n
PWF.PR.F<\/td>\nPerpetual-Discount<\/td>\n1.66 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-08-31
\nMaturity Price : 24.17
\nEvaluated at bid price : 24.43
\nBid-YTW : 5.42 %<\/td>\n<\/tr>\n
CU.PR.D<\/td>\nPerpetual-Discount<\/td>\n1.70 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-08-31
\nMaturity Price : 23.65
\nEvaluated at bid price : 23.95
\nBid-YTW : 5.13 %<\/td>\n<\/tr>\n
MFC.PR.C<\/td>\nDeemed-Retractible<\/td>\n1.70 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-08-31
\nMaturity Price : 21.88
\nEvaluated at bid price : 22.12
\nBid-YTW : 5.09 %<\/td>\n<\/tr>\n
BAM.PR.T<\/td>\nFixedReset Disc<\/td>\n1.80 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-08-31
\nMaturity Price : 13.61
\nEvaluated at bid price : 13.61
\nBid-YTW : 5.22 %<\/td>\n<\/tr>\n
BAM.PR.M<\/td>\nPerpetual-Discount<\/td>\n1.81 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-08-31
\nMaturity Price : 21.64
\nEvaluated at bid price : 21.89
\nBid-YTW : 5.51 %<\/td>\n<\/tr>\n
GWO.PR.S<\/td>\nDeemed-Retractible<\/td>\n1.91 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-08-31
\nMaturity Price : 24.79
\nEvaluated at bid price : 25.09
\nBid-YTW : 5.31 %<\/td>\n<\/tr>\n
TRP.PR.D<\/td>\nFixedReset Disc<\/td>\n2.19 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-08-31
\nMaturity Price : 14.00
\nEvaluated at bid price : 14.00
\nBid-YTW : 5.46 %<\/td>\n<\/tr>\n
RY.PR.Z<\/td>\nFixedReset Disc<\/td>\n2.23 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-08-31
\nMaturity Price : 18.30
\nEvaluated at bid price : 18.30
\nBid-YTW : 3.86 %<\/td>\n<\/tr>\n
MFC.PR.N<\/td>\nFixedReset Ins Non<\/td>\n2.32 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-08-31
\nMaturity Price : 16.75
\nEvaluated at bid price : 16.75
\nBid-YTW : 4.38 %<\/td>\n<\/tr>\n
BIP.PR.A<\/td>\nFixedReset Disc<\/td>\n2.40 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-08-31
\nMaturity Price : 17.93
\nEvaluated at bid price : 17.93
\nBid-YTW : 5.53 %<\/td>\n<\/tr>\n
TRP.PR.F<\/td>\nFloatingReset<\/td>\n2.85 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-08-31
\nMaturity Price : 10.82
\nEvaluated at bid price : 10.82
\nBid-YTW : 4.75 %<\/td>\n<\/tr>\n
TRP.PR.A<\/td>\nFixedReset Disc<\/td>\n2.94 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-08-31
\nMaturity Price : 12.61
\nEvaluated at bid price : 12.61
\nBid-YTW : 5.18 %<\/td>\n<\/tr>\n
CM.PR.R<\/td>\nFixedReset Disc<\/td>\n2.99 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-08-31
\nMaturity Price : 23.05
\nEvaluated at bid price : 23.40
\nBid-YTW : 4.13 %<\/td>\n<\/tr>\n
MFC.PR.G<\/td>\nFixedReset Ins Non<\/td>\n4.73 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-08-31
\nMaturity Price : 19.03
\nEvaluated at bid price : 19.03
\nBid-YTW : 4.39 %<\/td>\n<\/tr>\n<\/table>\n\n\n\n\n\n\n\n\n\n\n
Volume Highlights<\/strong><\/td>\n<\/tr>\n
Issue<\/td>\nIndex<\/td>\nShares
Traded<\/td>\n		Notes<\/td>\n<\/tr>\n
MFC.PR.G<\/td>\nFixedReset Ins Non<\/td>\n165,700<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-08-31
\nMaturity Price : 19.03
\nEvaluated at bid price : 19.03
\nBid-YTW : 4.39 %<\/td>\n<\/tr>\n
SLF.PR.I<\/td>\nFixedReset Ins Non<\/td>\n154,800<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-08-31
\nMaturity Price : 18.43
\nEvaluated at bid price : 18.43
\nBid-YTW : 4.32 %<\/td>\n<\/tr>\n
BAM.PR.R<\/td>\nFixedReset Disc<\/td>\n102,000<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-08-31
\nMaturity Price : 12.70
\nEvaluated at bid price : 12.70
\nBid-YTW : 5.44 %<\/td>\n<\/tr>\n
RY.PR.M<\/td>\nFixedReset Disc<\/td>\n83,658<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-08-31
\nMaturity Price : 19.59
\nEvaluated at bid price : 19.59
\nBid-YTW : 3.88 %<\/td>\n<\/tr>\n
BMO.PR.D<\/td>\nFixedReset Disc<\/td>\n81,200<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-08-31
\nMaturity Price : 22.34
\nEvaluated at bid price : 22.65
\nBid-YTW : 4.03 %<\/td>\n<\/tr>\n
PWF.PR.F<\/td>\nPerpetual-Discount<\/td>\n69,300<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-08-31
\nMaturity Price : 24.17
\nEvaluated at bid price : 24.43
\nBid-YTW : 5.42 %<\/td>\n<\/tr>\n
There were 29 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
TRP.PR.G<\/td>\nFixedReset Disc<\/td>\nQuote: 15.60 – 22.00
\nSpot Rate : 6.4000
\nAverage : 3.5282<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-08-31
\nMaturity Price : 15.60
\nEvaluated at bid price : 15.60
\nBid-YTW : 5.42 %<\/td>\n<\/tr>\n

MFC.PR.M<\/td>\nFixedReset Ins Non<\/td>\nQuote: 15.85 – 16.81
\nSpot Rate : 0.9600
\nAverage : 0.6318<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-08-31
\nMaturity Price : 15.85
\nEvaluated at bid price : 15.85
\nBid-YTW : 4.74 %<\/td>\n<\/tr>\n

BAM.PF.A<\/td>\nFixedReset Disc<\/td>\nQuote: 17.04 – 18.00
\nSpot Rate : 0.9600
\nAverage : 0.6350<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-08-31
\nMaturity Price : 17.04
\nEvaluated at bid price : 17.04
\nBid-YTW : 5.42 %<\/td>\n<\/tr>\n

TD.PF.I<\/td>\nFixedReset Disc<\/td>\nQuote: 21.00 – 22.74
\nSpot Rate : 1.7400
\nAverage : 1.4467<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-08-31
\nMaturity Price : 21.00
\nEvaluated at bid price : 21.00
\nBid-YTW : 4.25 %<\/td>\n<\/tr>\n

BMO.PR.Y<\/td>\nFixedReset Disc<\/td>\nQuote: 18.00 – 19.20
\nSpot Rate : 1.2000
\nAverage : 0.9774<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-08-31
\nMaturity Price : 18.00
\nEvaluated at bid price : 18.00
\nBid-YTW : 4.35 %<\/td>\n<\/tr>\n

BAM.PR.R<\/td>\nFixedReset Disc<\/td>\nQuote: 12.70 – 13.54
\nSpot Rate : 0.8400
\nAverage : 0.7012<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-08-31
\nMaturity Price : 12.70
\nEvaluated at bid price : 12.70
\nBid-YTW : 5.44 %<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Here’s what Britain is talking about by way of paying the coronavirus debt: Treasury officials in Britain are pushing for tax hikes to plug holes blown in public finances by the coronavirus pandemic, two leading …<\/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-41291","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/41291","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=41291"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/41291\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=41291"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=41291"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=41291"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}