{"id":41345,"date":"2020-09-10T20:28:23","date_gmt":"2020-09-11T01:28:23","guid":{"rendered":"http:\/\/prefblog.com\/?p=41345"},"modified":"2020-09-10T20:28:23","modified_gmt":"2020-09-11T01:28:23","slug":"september-10-2020","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=41345","title":{"rendered":"September 10, 2020"},"content":{"rendered":"
\"explosion_200910\"<\/a>
Click for Big<\/i><\/div>\n

TXPR closed at 579.36<\/a>, down 0.85% on the day. Volume today was 2.88-million, very high in the context of the past thirty days.<\/p>\n

CPD closed at 11.55<\/a>, down 0.69% on the day. Volume was 50,155, below the median of the past 30 trading days.<\/p>\n

ZPR closed at 9.12<\/a>, down 0.76% on the day. Volume of 221,471 was near the median of the past 30 trading days.<\/p>\n

Five-year Canada yields were down 2bp to 0.36%<\/a> today.<\/p>\n

Bank of Canada Governor Tiff Macklem has had some things to say<\/a>:<\/p>\n

In text prepared for a speech delivered via video-conference Thursday, Mr. Macklem said that the nature of the pandemic, and the close-contact sectors of the economy that remain the most strained, have meant disproportionate job losses for women, young Canadians and low-income workers, despite the strong rebound in employment since broad virus-containment measures were lifted.<\/p>\n

While the federal government\u2019s Canadian Emergency Response Benefit has done a good job replacing the lost incomes for these most-affected groups, he said, the risk is that many of these workers will suffer permanent job losses. That, he said, would not only hurt these individuals, but would threaten to weigh down the economy more generally.<\/p><\/blockquote>\n

CIBC finally got its press release announcing its LRCN issue<\/a> out the door:<\/p>\n

CIBC (TSX: CM) (NYSE: CM) today announced an offering of $750 million of 4.375% Limited Recourse Capital Notes Series 1 (Non-Viability Contingent Capital (NVCC)) (Subordinated Indebtedness) (the “LRCNs”). The LRCNs will be sold through a dealer syndicate led by CIBC Capital Markets.<\/p>\n

The LRCNs will bear interest at a rate of 4.375% annually, payable semi-annually, for the initial period ending on, but excluding, October 28, 2025. Thereafter, the interest rate on the LRCNs will reset every five years at a rate equal to the prevailing 5-year Government of Canada Yield plus 4.000%. The LRCNs will mature on October 28, 2080. The expected closing date of the offering is September 16, 2020.<\/p>\n

In connection with the issuance of the LRCNs, CIBC will issue Non-Cumulative 5-Year Fixed Rate Reset Class A Preferred Shares Series 53 (Non-Viability Contingent Capital (NVCC)) (the “Series 53 Shares”) to be held by Computershare Trust Company of Canada as trustee of a newly formed trust (the “Limited Recourse Trust”). In case of non-payment of interest on or principal of the LRCNs when due, the recourse of each LRCN holder will be limited to that holder’s proportionate share of the Limited Recourse Trust’s assets, which will consist of Series 53 Shares except in limited circumstances.<\/p>\n

CIBC may redeem the LRCNs during the period from September 28 to and including October 28, commencing in 2025 and every five years thereafter with the prior written approval of the Superintendent of Financial Institutions (Canada), in whole or in part on not less than 15 nor more than 60 days’ prior notice.<\/p>\n

The net proceeds from this transaction will be used for general banking purposes of CIBC.<\/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>\n-0.0776 %<\/td>\n1,671.8<\/td>\n<\/tr>\n
FixedFloater<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.0776 %<\/td>\n3,067.7<\/td>\n<\/tr>\n
Floater<\/td>\n5.00 %<\/td>\n5.08 %<\/td>\n58,551<\/td>\n15.26<\/td>\n3<\/td>\n-0.0776 %<\/td>\n1,767.9<\/td>\n<\/tr>\n
OpRet<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.0396 %<\/td>\n3,536.1<\/td>\n<\/tr>\n
SplitShare<\/td>\n4.81 %<\/td>\n4.47 %<\/td>\n40,222<\/td>\n3.67<\/td>\n7<\/td>\n0.0396 %<\/td>\n4,222.8<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.0396 %<\/td>\n3,294.8<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.37 %<\/td>\n4.92 %<\/td>\n75,960<\/td>\n14.35<\/td>\n17<\/td>\n-0.2610 %<\/td>\n3,108.5<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n5.26 %<\/td>\n5.32 %<\/td>\n89,035<\/td>\n14.87<\/td>\n17<\/td>\n0.0424 %<\/td>\n3,473.9<\/td>\n<\/tr>\n
FixedReset Disc<\/td>\n5.49 %<\/td>\n4.21 %<\/td>\n128,199<\/td>\n16.29<\/td>\n68<\/td>\n-1.0484 %<\/td>\n2,076.2<\/td>\n<\/tr>\n
Deemed-Retractible<\/td>\n5.07 %<\/td>\n4.90 %<\/td>\n115,626<\/td>\n14.97<\/td>\n27<\/td>\n-0.0811 %<\/td>\n3,420.8<\/td>\n<\/tr>\n
FloatingReset<\/td>\n2.88 %<\/td>\n2.40 %<\/td>\n52,499<\/td>\n1.37<\/td>\n3<\/td>\n-1.0733 %<\/td>\n1,783.6<\/td>\n<\/tr>\n
FixedReset Prem<\/td>\n5.29 %<\/td>\n4.96 %<\/td>\n231,297<\/td>\n15.32<\/td>\n11<\/td>\n-0.2561 %<\/td>\n2,600.1<\/td>\n<\/tr>\n
FixedReset Bank Non<\/td>\n1.96 %<\/td>\n2.49 %<\/td>\n136,971<\/td>\n1.36<\/td>\n2<\/td>\n-0.1817 %<\/td>\n2,832.0<\/td>\n<\/tr>\n
FixedReset Ins Non<\/td>\n5.75 %<\/td>\n4.47 %<\/td>\n91,840<\/td>\n16.04<\/td>\n22<\/td>\n-0.7533 %<\/td>\n2,097.0<\/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
BAM.PR.Z<\/td>\nFixedReset Disc<\/td>\n-34.02 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-09-10
\nMaturity Price : 11.25
\nEvaluated at bid price : 11.25
\nBid-YTW : 8.21 %<\/td>\n<\/tr>\n
MFC.PR.N<\/td>\nFixedReset Ins Non<\/td>\n-8.82 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-09-10
\nMaturity Price : 15.50
\nEvaluated at bid price : 15.50
\nBid-YTW : 4.71 %<\/td>\n<\/tr>\n
BMO.PR.W<\/td>\nFixedReset Disc<\/td>\n-4.49 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-09-10
\nMaturity Price : 17.00
\nEvaluated at bid price : 17.00
\nBid-YTW : 4.23 %<\/td>\n<\/tr>\n
MFC.PR.K<\/td>\nFixedReset Ins Non<\/td>\n-4.00 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-09-10
\nMaturity Price : 16.08
\nEvaluated at bid price : 16.08
\nBid-YTW : 4.49 %<\/td>\n<\/tr>\n
GWO.PR.Q<\/td>\nDeemed-Retractible<\/td>\n-3.89 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-09-10
\nMaturity Price : 23.41
\nEvaluated at bid price : 23.71
\nBid-YTW : 5.43 %<\/td>\n<\/tr>\n
MFC.PR.L<\/td>\nFixedReset Ins Non<\/td>\n-3.58 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-09-10
\nMaturity Price : 15.10
\nEvaluated at bid price : 15.10
\nBid-YTW : 4.61 %<\/td>\n<\/tr>\n
BIP.PR.F<\/td>\nFixedReset Disc<\/td>\n-3.48 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-09-10
\nMaturity Price : 21.38
\nEvaluated at bid price : 21.38
\nBid-YTW : 5.99 %<\/td>\n<\/tr>\n
BAM.PR.R<\/td>\nFixedReset Disc<\/td>\n-3.33 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-09-10
\nMaturity Price : 13.05
\nEvaluated at bid price : 13.05
\nBid-YTW : 5.23 %<\/td>\n<\/tr>\n
MFC.PR.M<\/td>\nFixedReset Ins Non<\/td>\n-3.29 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-09-10
\nMaturity Price : 16.18
\nEvaluated at bid price : 16.18
\nBid-YTW : 4.60 %<\/td>\n<\/tr>\n
GWO.PR.G<\/td>\nDeemed-Retractible<\/td>\n-3.23 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-09-10
\nMaturity Price : 23.69
\nEvaluated at bid price : 24.00
\nBid-YTW : 5.42 %<\/td>\n<\/tr>\n
SLF.PR.J<\/td>\nFloatingReset<\/td>\n-3.13 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-09-10
\nMaturity Price : 9.30
\nEvaluated at bid price : 9.30
\nBid-YTW : 4.16 %<\/td>\n<\/tr>\n
BAM.PF.F<\/td>\nFixedReset Disc<\/td>\n-2.79 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-09-10
\nMaturity Price : 16.05
\nEvaluated at bid price : 16.05
\nBid-YTW : 5.43 %<\/td>\n<\/tr>\n
MFC.PR.I<\/td>\nFixedReset Ins Non<\/td>\n-2.76 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-09-10
\nMaturity Price : 19.01
\nEvaluated at bid price : 19.01
\nBid-YTW : 4.41 %<\/td>\n<\/tr>\n
BAM.PF.H<\/td>\nFixedReset Disc<\/td>\n-2.22 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-09-10
\nMaturity Price : 23.29
\nEvaluated at bid price : 24.20
\nBid-YTW : 5.21 %<\/td>\n<\/tr>\n
BMO.PR.Y<\/td>\nFixedReset Disc<\/td>\n-2.22 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-09-10
\nMaturity Price : 18.50
\nEvaluated at bid price : 18.50
\nBid-YTW : 4.18 %<\/td>\n<\/tr>\n
MFC.PR.Q<\/td>\nFixedReset Ins Non<\/td>\n-2.17 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-09-10
\nMaturity Price : 18.00
\nEvaluated at bid price : 18.00
\nBid-YTW : 4.42 %<\/td>\n<\/tr>\n
NA.PR.W<\/td>\nFixedReset Disc<\/td>\n-2.14 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-09-10
\nMaturity Price : 16.88
\nEvaluated at bid price : 16.88
\nBid-YTW : 4.33 %<\/td>\n<\/tr>\n
BAM.PF.B<\/td>\nFixedReset Disc<\/td>\n-2.11 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-09-10
\nMaturity Price : 15.76
\nEvaluated at bid price : 15.76
\nBid-YTW : 5.37 %<\/td>\n<\/tr>\n
TD.PF.I<\/td>\nFixedReset Disc<\/td>\n-1.98 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-09-10
\nMaturity Price : 22.06
\nEvaluated at bid price : 22.30
\nBid-YTW : 3.94 %<\/td>\n<\/tr>\n
TRP.PR.F<\/td>\nFloatingReset<\/td>\n-1.83 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-09-10
\nMaturity Price : 10.21
\nEvaluated at bid price : 10.21
\nBid-YTW : 5.04 %<\/td>\n<\/tr>\n
TD.PF.A<\/td>\nFixedReset Disc<\/td>\n-1.79 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-09-10
\nMaturity Price : 17.53
\nEvaluated at bid price : 17.53
\nBid-YTW : 4.08 %<\/td>\n<\/tr>\n
BAM.PR.T<\/td>\nFixedReset Disc<\/td>\n-1.76 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-09-10
\nMaturity Price : 13.43
\nEvaluated at bid price : 13.43
\nBid-YTW : 5.24 %<\/td>\n<\/tr>\n
BAM.PF.E<\/td>\nFixedReset Disc<\/td>\n-1.71 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-09-10
\nMaturity Price : 14.95
\nEvaluated at bid price : 14.95
\nBid-YTW : 5.27 %<\/td>\n<\/tr>\n
CU.PR.C<\/td>\nFixedReset Disc<\/td>\n-1.56 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-09-10
\nMaturity Price : 15.75
\nEvaluated at bid price : 15.75
\nBid-YTW : 4.50 %<\/td>\n<\/tr>\n
IFC.PR.G<\/td>\nFixedReset Ins Non<\/td>\n-1.44 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-09-10
\nMaturity Price : 17.75
\nEvaluated at bid price : 17.75
\nBid-YTW : 4.63 %<\/td>\n<\/tr>\n
TD.PF.C<\/td>\nFixedReset Disc<\/td>\n-1.42 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-09-10
\nMaturity Price : 18.08
\nEvaluated at bid price : 18.08
\nBid-YTW : 4.05 %<\/td>\n<\/tr>\n
TRP.PR.A<\/td>\nFixedReset Disc<\/td>\n-1.39 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-09-10
\nMaturity Price : 12.03
\nEvaluated at bid price : 12.03
\nBid-YTW : 5.39 %<\/td>\n<\/tr>\n
MFC.PR.G<\/td>\nFixedReset Ins Non<\/td>\n-1.26 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-09-10
\nMaturity Price : 18.76
\nEvaluated at bid price : 18.76
\nBid-YTW : 4.41 %<\/td>\n<\/tr>\n
CU.PR.I<\/td>\nFixedReset Disc<\/td>\n-1.21 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-09-10
\nMaturity Price : 23.47
\nEvaluated at bid price : 24.45
\nBid-YTW : 4.57 %<\/td>\n<\/tr>\n
BMO.PR.E<\/td>\nFixedReset Disc<\/td>\n-1.20 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-09-10
\nMaturity Price : 20.55
\nEvaluated at bid price : 20.55
\nBid-YTW : 4.09 %<\/td>\n<\/tr>\n
TD.PF.J<\/td>\nFixedReset Disc<\/td>\n-1.19 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-09-10
\nMaturity Price : 20.80
\nEvaluated at bid price : 20.80
\nBid-YTW : 3.99 %<\/td>\n<\/tr>\n
BAM.PF.A<\/td>\nFixedReset Disc<\/td>\n-1.15 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-09-10
\nMaturity Price : 17.25
\nEvaluated at bid price : 17.25
\nBid-YTW : 5.31 %<\/td>\n<\/tr>\n
BMO.PR.C<\/td>\nFixedReset Disc<\/td>\n-1.14 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-09-10
\nMaturity Price : 23.12
\nEvaluated at bid price : 23.51
\nBid-YTW : 4.00 %<\/td>\n<\/tr>\n
BIP.PR.D<\/td>\nFixedReset Disc<\/td>\n-1.11 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-09-10
\nMaturity Price : 21.74
\nEvaluated at bid price : 22.20
\nBid-YTW : 5.62 %<\/td>\n<\/tr>\n
TD.PF.B<\/td>\nFixedReset Disc<\/td>\n-1.07 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-09-10
\nMaturity Price : 17.62
\nEvaluated at bid price : 17.62
\nBid-YTW : 4.08 %<\/td>\n<\/tr>\n
BAM.PR.X<\/td>\nFixedReset Disc<\/td>\n-1.05 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-09-10
\nMaturity Price : 11.33
\nEvaluated at bid price : 11.33
\nBid-YTW : 5.00 %<\/td>\n<\/tr>\n
TD.PF.K<\/td>\nFixedReset Disc<\/td>\n-1.04 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-09-10
\nMaturity Price : 20.00
\nEvaluated at bid price : 20.00
\nBid-YTW : 4.10 %<\/td>\n<\/tr>\n
BMO.PR.D<\/td>\nFixedReset Disc<\/td>\n1.11 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-09-10
\nMaturity Price : 22.52
\nEvaluated at bid price : 22.85
\nBid-YTW : 3.96 %<\/td>\n<\/tr>\n
CM.PR.S<\/td>\nFixedReset Disc<\/td>\n1.28 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-09-10
\nMaturity Price : 19.00
\nEvaluated at bid price : 19.00
\nBid-YTW : 4.05 %<\/td>\n<\/tr>\n
TD.PF.D<\/td>\nFixedReset Disc<\/td>\n1.57 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-09-10
\nMaturity Price : 20.01
\nEvaluated at bid price : 20.01
\nBid-YTW : 4.00 %<\/td>\n<\/tr>\n
IAF.PR.B<\/td>\nDeemed-Retractible<\/td>\n4.27 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-09-10
\nMaturity Price : 23.38
\nEvaluated at bid price : 23.67
\nBid-YTW : 4.85 %<\/td>\n<\/tr>\n
TRP.PR.G<\/td>\nFixedReset Disc<\/td>\n7.22 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-09-10
\nMaturity Price : 15.29
\nEvaluated at bid price : 15.29
\nBid-YTW : 5.47 %<\/td>\n<\/tr>\n
MFC.PR.J<\/td>\nFixedReset Ins Non<\/td>\n12.32 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-09-10
\nMaturity Price : 18.05
\nEvaluated at bid price : 18.05
\nBid-YTW : 4.45 %<\/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
TD.PF.H<\/td>\nFixedReset Prem<\/td>\n106,180<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-09-10
\nMaturity Price : 23.87
\nEvaluated at bid price : 25.02
\nBid-YTW : 4.48 %<\/td>\n<\/tr>\n
MFC.PR.O<\/td>\nFixedReset Ins Non<\/td>\n85,522<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2021-06-19
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.16
\nBid-YTW : 4.63 %<\/td>\n<\/tr>\n
RY.PR.Z<\/td>\nFixedReset Disc<\/td>\n77,711<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-09-10
\nMaturity Price : 18.00
\nEvaluated at bid price : 18.00
\nBid-YTW : 3.89 %<\/td>\n<\/tr>\n
CM.PR.P<\/td>\nFixedReset Disc<\/td>\n72,614<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-09-10
\nMaturity Price : 17.60
\nEvaluated at bid price : 17.60
\nBid-YTW : 4.19 %<\/td>\n<\/tr>\n
PWF.PR.T<\/td>\nFixedReset Disc<\/td>\n55,850<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-09-10
\nMaturity Price : 16.40
\nEvaluated at bid price : 16.40
\nBid-YTW : 4.64 %<\/td>\n<\/tr>\n
POW.PR.D<\/td>\nPerpetual-Discount<\/td>\n55,318<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-09-10
\nMaturity Price : 23.85
\nEvaluated at bid price : 24.10
\nBid-YTW : 5.26 %<\/td>\n<\/tr>\n
There were 56 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
BAM.PR.Z<\/td>\nFixedReset Disc<\/td>\nQuote: 11.25 – 17.01
\nSpot Rate : 5.7600
\nAverage : 3.1992<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-09-10
\nMaturity Price : 11.25
\nEvaluated at bid price : 11.25
\nBid-YTW : 8.21 %<\/td>\n<\/tr>\n

EIT.PR.A<\/td>\nSplitShare<\/td>\nQuote: 25.39 – 27.00
\nSpot Rate : 1.6100
\nAverage : 0.9752<\/p>\n

YTW SCENARIO
\nMaturity Type : Soft Maturity
\nMaturity Date\t: 2024-03-14
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.39
\nBid-YTW : 4.33 %<\/td>\n<\/tr>\n

GWO.PR.Q<\/td>\nDeemed-Retractible<\/td>\nQuote: 23.71 – 24.85
\nSpot Rate : 1.1400
\nAverage : 0.6686<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-09-10
\nMaturity Price : 23.41
\nEvaluated at bid price : 23.71
\nBid-YTW : 5.43 %<\/td>\n<\/tr>\n

GWO.PR.G<\/td>\nDeemed-Retractible<\/td>\nQuote: 24.00 – 24.87
\nSpot Rate : 0.8700
\nAverage : 0.5427<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-09-10
\nMaturity Price : 23.69
\nEvaluated at bid price : 24.00
\nBid-YTW : 5.42 %<\/td>\n<\/tr>\n

MFC.PR.L<\/td>\nFixedReset Ins Non<\/td>\nQuote: 15.10 – 16.20
\nSpot Rate : 1.1000
\nAverage : 0.7911<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-09-10
\nMaturity Price : 15.10
\nEvaluated at bid price : 15.10
\nBid-YTW : 4.61 %<\/td>\n<\/tr>\n

RY.PR.J<\/td>\nFixedReset Disc<\/td>\nQuote: 20.10 – 21.00
\nSpot Rate : 0.9000
\nAverage : 0.6228<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-09-10
\nMaturity Price : 20.10
\nEvaluated at bid price : 20.10
\nBid-YTW : 3.91 %<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Click for Big TXPR closed at 579.36, down 0.85% on the day. Volume today was 2.88-million, very high in the context of the past thirty days. CPD closed at 11.55, down 0.69% on the day. …<\/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-41345","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/41345","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=41345"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/41345\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=41345"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=41345"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=41345"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}