{"id":41461,"date":"2020-10-07T23:36:26","date_gmt":"2020-10-08T04:36:26","guid":{"rendered":"http:\/\/prefblog.com\/?p=41461"},"modified":"2020-10-07T23:36:26","modified_gmt":"2020-10-08T04:36:26","slug":"october-7-2020","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=41461","title":{"rendered":"October 7, 2020"},"content":{"rendered":"

PerpetualDiscounts now yield 5.04%, equivalent to 6.55% interest at the standard equivalency factor of 1.3x. Long corporates<\/a> now yield 2.95%, so the pre-tax interest-equivalent spread (in this context, the \u201cSeniority Spread\u201d) has narrowed dramatically to 360bp from the 395bp reported September 30<\/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>\n-0.4792 %<\/td>\n1,648.5<\/td>\n<\/tr>\n
FixedFloater<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.4792 %<\/td>\n3,025.0<\/td>\n<\/tr>\n
Floater<\/td>\n5.16 %<\/td>\n5.22 %<\/td>\n50,103<\/td>\n15.15<\/td>\n3<\/td>\n-0.4792 %<\/td>\n1,743.3<\/td>\n<\/tr>\n
OpRet<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.1545 %<\/td>\n3,518.5<\/td>\n<\/tr>\n
SplitShare<\/td>\n4.82 %<\/td>\n4.76 %<\/td>\n55,016<\/td>\n3.59<\/td>\n8<\/td>\n0.1545 %<\/td>\n4,201.8<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.1545 %<\/td>\n3,278.4<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.27 %<\/td>\n-0.02 %<\/td>\n84,868<\/td>\n0.09<\/td>\n17<\/td>\n0.2864 %<\/td>\n3,187.5<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n5.06 %<\/td>\n5.04 %<\/td>\n91,584<\/td>\n15.10<\/td>\n17<\/td>\n0.6173 %<\/td>\n3,625.3<\/td>\n<\/tr>\n
FixedReset Disc<\/td>\n5.47 %<\/td>\n4.18 %<\/td>\n125,752<\/td>\n16.50<\/td>\n65<\/td>\n1.0959 %<\/td>\n2,108.8<\/td>\n<\/tr>\n
Deemed-Retractible<\/td>\n5.01 %<\/td>\n4.73 %<\/td>\n105,601<\/td>\n4.36<\/td>\n22<\/td>\n0.5877 %<\/td>\n3,540.2<\/td>\n<\/tr>\n
FloatingReset<\/td>\n1.98 %<\/td>\n2.11 %<\/td>\n40,620<\/td>\n1.30<\/td>\n3<\/td>\n0.2698 %<\/td>\n1,796.9<\/td>\n<\/tr>\n
FixedReset Prem<\/td>\n5.21 %<\/td>\n3.46 %<\/td>\n255,423<\/td>\n0.78<\/td>\n14<\/td>\n0.1777 %<\/td>\n2,640.4<\/td>\n<\/tr>\n
FixedReset Bank Non<\/td>\n1.94 %<\/td>\n2.21 %<\/td>\n104,001<\/td>\n1.29<\/td>\n2<\/td>\n0.0805 %<\/td>\n2,857.1<\/td>\n<\/tr>\n
FixedReset Ins Non<\/td>\n5.60 %<\/td>\n4.29 %<\/td>\n78,738<\/td>\n16.34<\/td>\n22<\/td>\n2.0067 %<\/td>\n2,157.2<\/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
Performance Highlights<\/strong><\/td>\n<\/tr>\n
Issue<\/td>\nIndex<\/td>\nChange<\/td>\nNotes<\/td>\n<\/tr>\n
MFC.PR.H<\/td>\nFixedReset Ins Non<\/td>\n-2.50 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-10-07
\nMaturity Price : 19.92
\nEvaluated at bid price : 19.92
\nBid-YTW : 4.51 %<\/td>\n<\/tr>\n
SLF.PR.G<\/td>\nFixedReset Ins Non<\/td>\n-2.23 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-10-07
\nMaturity Price : 10.50
\nEvaluated at bid price : 10.50
\nBid-YTW : 4.29 %<\/td>\n<\/tr>\n
TRP.PR.F<\/td>\nFloatingReset<\/td>\n-2.06 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-10-07
\nMaturity Price : 9.99
\nEvaluated at bid price : 9.99
\nBid-YTW : 5.09 %<\/td>\n<\/tr>\n
BAM.PR.K<\/td>\nFloater<\/td>\n-1.56 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-10-07
\nMaturity Price : 8.22
\nEvaluated at bid price : 8.22
\nBid-YTW : 5.26 %<\/td>\n<\/tr>\n
BAM.PR.T<\/td>\nFixedReset Disc<\/td>\n-1.21 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-10-07
\nMaturity Price : 13.02
\nEvaluated at bid price : 13.02
\nBid-YTW : 5.33 %<\/td>\n<\/tr>\n
SLF.PR.E<\/td>\nDeemed-Retractible<\/td>\n1.01 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-10-07
\nMaturity Price : 23.68
\nEvaluated at bid price : 23.95
\nBid-YTW : 4.71 %<\/td>\n<\/tr>\n
NA.PR.W<\/td>\nFixedReset Disc<\/td>\n1.03 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-10-07
\nMaturity Price : 16.72
\nEvaluated at bid price : 16.72
\nBid-YTW : 4.31 %<\/td>\n<\/tr>\n
BAM.PF.G<\/td>\nFixedReset Disc<\/td>\n1.06 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-10-07
\nMaturity Price : 15.28
\nEvaluated at bid price : 15.28
\nBid-YTW : 5.31 %<\/td>\n<\/tr>\n
TD.PF.B<\/td>\nFixedReset Disc<\/td>\n1.09 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-10-07
\nMaturity Price : 17.66
\nEvaluated at bid price : 17.66
\nBid-YTW : 4.10 %<\/td>\n<\/tr>\n
BMO.PR.A<\/td>\nFloatingReset<\/td>\n1.10 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2022-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 24.72
\nBid-YTW : 2.06 %<\/td>\n<\/tr>\n
POW.PR.B<\/td>\nPerpetual-Discount<\/td>\n1.11 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2020-11-06
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.58
\nBid-YTW : -22.62 %<\/td>\n<\/tr>\n
GWO.PR.N<\/td>\nFixedReset Ins Non<\/td>\n1.11 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-10-07
\nMaturity Price : 10.01
\nEvaluated at bid price : 10.01
\nBid-YTW : 4.22 %<\/td>\n<\/tr>\n
PWF.PR.L<\/td>\nPerpetual-Discount<\/td>\n1.17 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-10-07
\nMaturity Price : 24.88
\nEvaluated at bid price : 25.11
\nBid-YTW : 5.16 %<\/td>\n<\/tr>\n
BAM.PF.F<\/td>\nFixedReset Disc<\/td>\n1.18 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-10-07
\nMaturity Price : 16.35
\nEvaluated at bid price : 16.35
\nBid-YTW : 5.25 %<\/td>\n<\/tr>\n
BAM.PF.A<\/td>\nFixedReset Disc<\/td>\n1.18 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-10-07
\nMaturity Price : 17.20
\nEvaluated at bid price : 17.20
\nBid-YTW : 5.23 %<\/td>\n<\/tr>\n
MFC.PR.F<\/td>\nFixedReset Ins Non<\/td>\n1.22 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-10-07
\nMaturity Price : 10.80
\nEvaluated at bid price : 10.80
\nBid-YTW : 4.18 %<\/td>\n<\/tr>\n
TD.PF.A<\/td>\nFixedReset Disc<\/td>\n1.25 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-10-07
\nMaturity Price : 17.77
\nEvaluated at bid price : 17.77
\nBid-YTW : 4.05 %<\/td>\n<\/tr>\n
BAM.PF.I<\/td>\nFixedReset Disc<\/td>\n1.29 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2022-03-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.15
\nBid-YTW : 4.48 %<\/td>\n<\/tr>\n
BAM.PF.J<\/td>\nFixedReset Disc<\/td>\n1.29 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-10-07
\nMaturity Price : 23.55
\nEvaluated at bid price : 25.07
\nBid-YTW : 4.68 %<\/td>\n<\/tr>\n
CU.PR.F<\/td>\nPerpetual-Discount<\/td>\n1.30 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-10-07
\nMaturity Price : 23.93
\nEvaluated at bid price : 24.22
\nBid-YTW : 4.68 %<\/td>\n<\/tr>\n
SLF.PR.C<\/td>\nDeemed-Retractible<\/td>\n1.30 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-10-07
\nMaturity Price : 23.84
\nEvaluated at bid price : 24.09
\nBid-YTW : 4.63 %<\/td>\n<\/tr>\n
BAM.PR.N<\/td>\nPerpetual-Discount<\/td>\n1.33 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-10-07
\nMaturity Price : 22.61
\nEvaluated at bid price : 22.86
\nBid-YTW : 5.22 %<\/td>\n<\/tr>\n
TD.PF.E<\/td>\nFixedReset Disc<\/td>\n1.34 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-10-07
\nMaturity Price : 19.70
\nEvaluated at bid price : 19.70
\nBid-YTW : 4.18 %<\/td>\n<\/tr>\n
IAF.PR.I<\/td>\nFixedReset Ins Non<\/td>\n1.35 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-10-07
\nMaturity Price : 19.51
\nEvaluated at bid price : 19.51
\nBid-YTW : 4.33 %<\/td>\n<\/tr>\n
MFC.PR.C<\/td>\nDeemed-Retractible<\/td>\n1.36 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-10-07
\nMaturity Price : 23.65
\nEvaluated at bid price : 23.92
\nBid-YTW : 4.73 %<\/td>\n<\/tr>\n
MFC.PR.Q<\/td>\nFixedReset Ins Non<\/td>\n1.40 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-10-07
\nMaturity Price : 18.81
\nEvaluated at bid price : 18.81
\nBid-YTW : 4.25 %<\/td>\n<\/tr>\n
PWF.PR.K<\/td>\nPerpetual-Discount<\/td>\n1.40 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-10-07
\nMaturity Price : 24.27
\nEvaluated at bid price : 24.57
\nBid-YTW : 5.11 %<\/td>\n<\/tr>\n
BIP.PR.D<\/td>\nFixedReset Disc<\/td>\n1.43 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-10-07
\nMaturity Price : 22.38
\nEvaluated at bid price : 22.77
\nBid-YTW : 5.51 %<\/td>\n<\/tr>\n
BMO.PR.W<\/td>\nFixedReset Disc<\/td>\n1.43 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-10-07
\nMaturity Price : 17.75
\nEvaluated at bid price : 17.75
\nBid-YTW : 4.08 %<\/td>\n<\/tr>\n
BMO.PR.E<\/td>\nFixedReset Disc<\/td>\n1.44 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-10-07
\nMaturity Price : 20.47
\nEvaluated at bid price : 20.47
\nBid-YTW : 4.14 %<\/td>\n<\/tr>\n
SLF.PR.D<\/td>\nDeemed-Retractible<\/td>\n1.44 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-10-07
\nMaturity Price : 23.71
\nEvaluated at bid price : 23.98
\nBid-YTW : 4.65 %<\/td>\n<\/tr>\n
MFC.PR.M<\/td>\nFixedReset Ins Non<\/td>\n1.50 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-10-07
\nMaturity Price : 17.58
\nEvaluated at bid price : 17.58
\nBid-YTW : 4.25 %<\/td>\n<\/tr>\n
GWO.PR.H<\/td>\nDeemed-Retractible<\/td>\n1.55 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-10-07
\nMaturity Price : 24.69
\nEvaluated at bid price : 24.97
\nBid-YTW : 4.87 %<\/td>\n<\/tr>\n
RY.PR.M<\/td>\nFixedReset Disc<\/td>\n1.58 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-10-07
\nMaturity Price : 18.69
\nEvaluated at bid price : 18.69
\nBid-YTW : 4.05 %<\/td>\n<\/tr>\n
CM.PR.P<\/td>\nFixedReset Disc<\/td>\n1.65 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-10-07
\nMaturity Price : 17.89
\nEvaluated at bid price : 17.89
\nBid-YTW : 4.07 %<\/td>\n<\/tr>\n
CU.PR.C<\/td>\nFixedReset Disc<\/td>\n1.66 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-10-07
\nMaturity Price : 16.52
\nEvaluated at bid price : 16.52
\nBid-YTW : 4.32 %<\/td>\n<\/tr>\n
TD.PF.I<\/td>\nFixedReset Disc<\/td>\n1.74 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-10-07
\nMaturity Price : 21.78
\nEvaluated at bid price : 22.28
\nBid-YTW : 3.95 %<\/td>\n<\/tr>\n
GWO.PR.R<\/td>\nDeemed-Retractible<\/td>\n1.75 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2021-12-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.03
\nBid-YTW : 4.81 %<\/td>\n<\/tr>\n
MFC.PR.J<\/td>\nFixedReset Ins Non<\/td>\n1.85 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-10-07
\nMaturity Price : 18.74
\nEvaluated at bid price : 18.74
\nBid-YTW : 4.31 %<\/td>\n<\/tr>\n
BIP.PR.F<\/td>\nFixedReset Disc<\/td>\n1.91 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-10-07
\nMaturity Price : 22.04
\nEvaluated at bid price : 22.42
\nBid-YTW : 5.71 %<\/td>\n<\/tr>\n
BMO.PR.Y<\/td>\nFixedReset Disc<\/td>\n2.00 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-10-07
\nMaturity Price : 18.88
\nEvaluated at bid price : 18.88
\nBid-YTW : 4.12 %<\/td>\n<\/tr>\n
CM.PR.O<\/td>\nFixedReset Disc<\/td>\n2.12 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-10-07
\nMaturity Price : 17.31
\nEvaluated at bid price : 17.31
\nBid-YTW : 4.20 %<\/td>\n<\/tr>\n
BNS.PR.I<\/td>\nFixedReset Disc<\/td>\n2.13 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-10-07
\nMaturity Price : 20.12
\nEvaluated at bid price : 20.12
\nBid-YTW : 3.90 %<\/td>\n<\/tr>\n
BIP.PR.E<\/td>\nFixedReset Disc<\/td>\n2.13 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-10-07
\nMaturity Price : 21.60
\nEvaluated at bid price : 22.01
\nBid-YTW : 5.70 %<\/td>\n<\/tr>\n
NA.PR.E<\/td>\nFixedReset Disc<\/td>\n2.15 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-10-07
\nMaturity Price : 18.54
\nEvaluated at bid price : 18.54
\nBid-YTW : 4.26 %<\/td>\n<\/tr>\n
GWO.PR.I<\/td>\nDeemed-Retractible<\/td>\n2.46 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-10-07
\nMaturity Price : 23.49
\nEvaluated at bid price : 23.76
\nBid-YTW : 4.75 %<\/td>\n<\/tr>\n
BAM.PR.X<\/td>\nFixedReset Disc<\/td>\n2.49 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-10-07
\nMaturity Price : 11.12
\nEvaluated at bid price : 11.12
\nBid-YTW : 5.03 %<\/td>\n<\/tr>\n
BIP.PR.A<\/td>\nFixedReset Disc<\/td>\n2.56 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-10-07
\nMaturity Price : 17.20
\nEvaluated at bid price : 17.20
\nBid-YTW : 5.78 %<\/td>\n<\/tr>\n
NA.PR.C<\/td>\nFixedReset Disc<\/td>\n2.63 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-10-07
\nMaturity Price : 23.44
\nEvaluated at bid price : 23.76
\nBid-YTW : 4.04 %<\/td>\n<\/tr>\n
IFC.PR.C<\/td>\nFixedReset Ins Non<\/td>\n2.80 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-10-07
\nMaturity Price : 16.88
\nEvaluated at bid price : 16.88
\nBid-YTW : 4.54 %<\/td>\n<\/tr>\n
IFC.PR.A<\/td>\nFixedReset Ins Non<\/td>\n3.41 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-10-07
\nMaturity Price : 12.43
\nEvaluated at bid price : 12.43
\nBid-YTW : 4.58 %<\/td>\n<\/tr>\n
TD.PF.D<\/td>\nFixedReset Disc<\/td>\n3.62 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-10-07
\nMaturity Price : 19.18
\nEvaluated at bid price : 19.18
\nBid-YTW : 4.20 %<\/td>\n<\/tr>\n
MFC.PR.N<\/td>\nFixedReset Ins Non<\/td>\n4.36 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-10-07
\nMaturity Price : 17.22
\nEvaluated at bid price : 17.22
\nBid-YTW : 4.25 %<\/td>\n<\/tr>\n
MFC.PR.L<\/td>\nFixedReset Ins Non<\/td>\n4.36 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-10-07
\nMaturity Price : 16.50
\nEvaluated at bid price : 16.50
\nBid-YTW : 4.23 %<\/td>\n<\/tr>\n
IAF.PR.G<\/td>\nFixedReset Ins Non<\/td>\n4.71 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-10-07
\nMaturity Price : 18.22
\nEvaluated at bid price : 18.22
\nBid-YTW : 4.52 %<\/td>\n<\/tr>\n
RY.PR.J<\/td>\nFixedReset Disc<\/td>\n17.22 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-10-07
\nMaturity Price : 19.40
\nEvaluated at bid price : 19.40
\nBid-YTW : 4.08 %<\/td>\n<\/tr>\n
MFC.PR.G<\/td>\nFixedReset Ins Non<\/td>\n23.23 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-10-07
\nMaturity Price : 19.10
\nEvaluated at bid price : 19.10
\nBid-YTW : 4.36 %<\/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
PWF.PR.P<\/td>\nFixedReset Disc<\/td>\n359,807<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-10-07
\nMaturity Price : 10.35
\nEvaluated at bid price : 10.35
\nBid-YTW : 4.86 %<\/td>\n<\/tr>\n
CM.PR.T<\/td>\nFixedReset Disc<\/td>\n161,500<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-10-07
\nMaturity Price : 23.11
\nEvaluated at bid price : 24.48
\nBid-YTW : 3.96 %<\/td>\n<\/tr>\n
PVS.PR.I<\/td>\nSplitShare<\/td>\n148,200<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-10-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.00
\nBid-YTW : 4.76 %<\/td>\n<\/tr>\n
IFC.PR.C<\/td>\nFixedReset Ins Non<\/td>\n94,215<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-10-07
\nMaturity Price : 16.88
\nEvaluated at bid price : 16.88
\nBid-YTW : 4.54 %<\/td>\n<\/tr>\n
TD.PF.B<\/td>\nFixedReset Disc<\/td>\n70,429<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-10-07
\nMaturity Price : 17.66
\nEvaluated at bid price : 17.66
\nBid-YTW : 4.10 %<\/td>\n<\/tr>\n
TD.PF.M<\/td>\nFixedReset Disc<\/td>\n69,200<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-10-07
\nMaturity Price : 23.33
\nEvaluated at bid price : 25.18
\nBid-YTW : 4.08 %<\/td>\n<\/tr>\n
There were 44 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
IFC.PR.I<\/td>\nPerpetual-Premium<\/td>\nQuote: 25.73 – 27.00
\nSpot Rate : 1.2700
\nAverage : 0.7685<\/p>\n

YTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2029-03-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.73
\nBid-YTW : 5.02 %<\/td>\n<\/tr>\n

MFC.PR.C<\/td>\nDeemed-Retractible<\/td>\nQuote: 23.92 – 24.90
\nSpot Rate : 0.9800
\nAverage : 0.5595<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-10-07
\nMaturity Price : 23.65
\nEvaluated at bid price : 23.92
\nBid-YTW : 4.73 %<\/td>\n<\/tr>\n

MFC.PR.K<\/td>\nFixedReset Ins Non<\/td>\nQuote: 16.85 – 17.90
\nSpot Rate : 1.0500
\nAverage : 0.7345<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-10-07
\nMaturity Price : 16.85
\nEvaluated at bid price : 16.85
\nBid-YTW : 4.29 %<\/td>\n<\/tr>\n

MFC.PR.H<\/td>\nFixedReset Ins Non<\/td>\nQuote: 19.92 – 20.74
\nSpot Rate : 0.8200
\nAverage : 0.5544<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-10-07
\nMaturity Price : 19.92
\nEvaluated at bid price : 19.92
\nBid-YTW : 4.51 %<\/td>\n<\/tr>\n

BNS.PR.I<\/td>\nFixedReset Disc<\/td>\nQuote: 20.12 – 20.88
\nSpot Rate : 0.7600
\nAverage : 0.5304<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-10-07
\nMaturity Price : 20.12
\nEvaluated at bid price : 20.12
\nBid-YTW : 3.90 %<\/td>\n<\/tr>\n

BAM.PF.D<\/td>\nPerpetual-Discount<\/td>\nQuote: 23.31 – 23.70
\nSpot Rate : 0.3900
\nAverage : 0.2414<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-10-07
\nMaturity Price : 23.02
\nEvaluated at bid price : 23.31
\nBid-YTW : 5.28 %<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

PerpetualDiscounts now yield 5.04%, equivalent to 6.55% interest at the standard equivalency factor of 1.3x. Long corporates now yield 2.95%, so the pre-tax interest-equivalent spread (in this context, the \u201cSeniority Spread\u201d) has narrowed dramatically to …<\/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-41461","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/41461","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=41461"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/41461\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=41461"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=41461"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=41461"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}