{"id":41509,"date":"2020-10-28T18:56:07","date_gmt":"2020-10-28T23:56:07","guid":{"rendered":"http:\/\/prefblog.com\/?p=41509"},"modified":"2020-10-28T18:56:07","modified_gmt":"2020-10-28T23:56:07","slug":"october-28-2020","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=41509","title":{"rendered":"October 28, 2020"},"content":{"rendered":"<div align=\"center\"><a href=\"http:\/\/prefblog.com\/wp-content\/uploads\/2020\/10\/explosion_201028.jpg\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/prefblog.com\/wp-content\/uploads\/2020\/10\/explosion_201028-300x169.jpg\" alt=\"explosion_201028\" width=\"400\" height=\"225\" class=\"alignnone size-medium wp-image-41510\" \/><\/a><br \/><i>Click for Big<\/i><\/div>\n<p>TXPR <a href=\"https:\/\/web.tmxmoney.com\/quote.php?qm_symbol=txpr\">closed at 578.55<\/a>, down 0.69% on the day. Volume today was 2.15-million, above the median of the past thirty days.<\/p>\n<p>CPD <a href=\"https:\/\/web.tmxmoney.com\/quote.php?qm_symbol=cpd\">closed at 11.52<\/a>, down 0.99% on the day. Volume was 189,115, above the median of the past 30 trading days.<\/p>\n<p>ZPR <a href=\"https:\/\/web.tmxmoney.com\/quote.php?qm_symbol=zpr\">closed at 9.06<\/a>, down 1.52% on the day. Volume of 258,409, about the median of the past 30 trading days.<\/p>\n<p>Five-year Canada yields were <a href=\"https:\/\/www.investing.com\/rates-bonds\/canada-5-year-bond-yield-historical-data\">up 1bp at 0.37%<\/a> today.<\/p>\n<p>The damage has been <a href=\"https:\/\/www.nytimes.com\/2020\/10\/28\/business\/stock-market-coronavirus.html\">attributed to the usual suspect<\/a>:<\/p>\n<blockquote><p>Coronavirus flare-ups across the United States and new lockdown measures in major European economies sent stocks sliding to their worst performance in months on Wednesday.<\/p>\n<p>The S&#038;P 500 ended the day 3.5 percent lower, notching the market\u2019s third straight decline and the worst drop for Wall Street since June 11.<\/p>\n<p>The decline wiped out the S&#038;P\u2019s gains for the month as investors dumped shares. All 11 sectors fell as traders jettisoned stocks in economically sensitive sectors like energy. Even tech was squeezed \u2014 the tech giants were once thought to be almost immune to the economic effects of the virus. Treasury yields fell as investors sought the safety of government bonds, and economic nervousness pushed oil prices down: Benchmark West Texas Intermediate crude oil fell 5.5 percent to $37.39 a barrel.<\/p>\n<p>As recently as Oct. 12, the S&#038;P 500 was up more than 9 percent for the year, as investors seemed to grow more confident that Congress and the White House would be able to produce a new dose of federal stimulus before the election.<br \/><b>&#8230;<\/b><br \/>Even before trading opened in New York, European markets were enduring an ugly session. Major markets slid 4.2 percent in Germany and 3.4 percent in France. The pan-European Stoxx 600 index declined nearly 3 percent. As the U.S. trading day unfolded, Germany announced a new one-month partial lockdown aimed at stemming a surge of infections. France followed, announcing a full nationwide lockdown for the second time in 2020.<br \/><b>&#8230;<\/b><br \/>The United States, too, is suffering a renewed wave of coronavirus infections: The number of Covid-19 hospitalizations is up an estimated 46 percent over the last month. And New Jersey\u2019s largest city, Newark, imposed a curfew and reinstated some limits on gatherings to control an outbreak there.<\/p><\/blockquote>\n<p>PerpetualDiscounts now yield 5.13%, equivalent to 6.67% interest at the standard equivalency factor of 1.3x. <a href=\"https:\/\/www.bmo.com\/gam\/ca\/advisor\/products\/etfs?fundUrl=\/fundProfile\/ZLC#fundUrl=%2FfundProfile%2FZLC\">Long corporates<\/a> now yield 2.98%, so the pre-tax interest-equivalent spread (in this context, the \u201cSeniority Spread\u201d) has remained steady at the 370bp reported <a href=\"http:\/\/prefblog.com\/?p=41493\">October 21<\/a>.<\/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>-1.2955 %<\/td>\n<td>1,612.8<\/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>-1.2955 %<\/td>\n<td>2,959.4<\/td>\n<\/tr>\n<tr>\n<td>Floater<\/td>\n<td>5.28 %<\/td>\n<td>5.33 %<\/td>\n<td>38,565<\/td>\n<td>14.93<\/td>\n<td>3<\/td>\n<td>-1.2955 %<\/td>\n<td>1,705.5<\/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>-0.0644 %<\/td>\n<td>3,529.2<\/td>\n<\/tr>\n<tr>\n<td>SplitShare<\/td>\n<td>4.81 %<\/td>\n<td>4.79 %<\/td>\n<td>48,861<\/td>\n<td>3.53<\/td>\n<td>8<\/td>\n<td>-0.0644 %<\/td>\n<td>4,214.6<\/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>-0.0644 %<\/td>\n<td>3,288.4<\/td>\n<\/tr>\n<tr>\n<td>Perpetual-Premium<\/td>\n<td>5.32 %<\/td>\n<td>-0.23 %<\/td>\n<td>90,058<\/td>\n<td>0.16<\/td>\n<td>17<\/td>\n<td>-0.1220 %<\/td>\n<td>3,187.4<\/td>\n<\/tr>\n<tr>\n<td>Perpetual-Discount<\/td>\n<td>5.18 %<\/td>\n<td>5.13 %<\/td>\n<td>80,413<\/td>\n<td>15.27<\/td>\n<td>17<\/td>\n<td>-1.0469 %<\/td>\n<td>3,553.5<\/td>\n<\/tr>\n<tr>\n<td>FixedReset Disc<\/td>\n<td>5.51 %<\/td>\n<td>4.29 %<\/td>\n<td>135,747<\/td>\n<td>16.43<\/td>\n<td>65<\/td>\n<td>-1.0026 %<\/td>\n<td>2,100.1<\/td>\n<\/tr>\n<tr>\n<td>Deemed-Retractible<\/td>\n<td>5.14 %<\/td>\n<td>5.01 %<\/td>\n<td>116,136<\/td>\n<td>15.15<\/td>\n<td>22<\/td>\n<td>-0.7631 %<\/td>\n<td>3,454.9<\/td>\n<\/tr>\n<tr>\n<td>FloatingReset<\/td>\n<td>1.97 %<\/td>\n<td>2.24 %<\/td>\n<td>50,171<\/td>\n<td>1.24<\/td>\n<td>3<\/td>\n<td>-0.2856 %<\/td>\n<td>1,793.6<\/td>\n<\/tr>\n<tr>\n<td>FixedReset Prem<\/td>\n<td>5.22 %<\/td>\n<td>3.32 %<\/td>\n<td>263,985<\/td>\n<td>0.78<\/td>\n<td>14<\/td>\n<td>-0.2813 %<\/td>\n<td>2,645.6<\/td>\n<\/tr>\n<tr>\n<td>FixedReset Bank Non<\/td>\n<td>1.94 %<\/td>\n<td>2.25 %<\/td>\n<td>143,632<\/td>\n<td>1.24<\/td>\n<td>2<\/td>\n<td>-0.0201 %<\/td>\n<td>2,860.6<\/td>\n<\/tr>\n<tr>\n<td>FixedReset Ins Non<\/td>\n<td>5.49 %<\/td>\n<td>4.25 %<\/td>\n<td>78,384<\/td>\n<td>16.33<\/td>\n<td>22<\/td>\n<td>-0.8129 %<\/td>\n<td>2,198.8<\/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>BAM.PR.M<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-4.57 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-10-28<br \/>\nMaturity Price  : 21.25<br \/>\nEvaluated at bid price : 21.52<br \/>\nBid-YTW : 5.57 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PF.G<\/td>\n<td>FixedReset Disc<\/td>\n<td>-3.83 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-10-28<br \/>\nMaturity Price  : 14.81<br \/>\nEvaluated at bid price : 14.81<br \/>\nBid-YTW : 5.52 %<\/td>\n<\/tr>\n<tr>\n<td>POW.PR.B<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-3.81 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-10-28<br \/>\nMaturity Price  : 24.00<br \/>\nEvaluated at bid price : 24.25<br \/>\nBid-YTW : 5.55 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PF.F<\/td>\n<td>FixedReset Disc<\/td>\n<td>-3.55 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-10-28<br \/>\nMaturity Price  : 15.75<br \/>\nEvaluated at bid price : 15.75<br \/>\nBid-YTW : 5.50 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PF.C<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-3.51 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-10-28<br \/>\nMaturity Price  : 21.62<br \/>\nEvaluated at bid price : 22.00<br \/>\nBid-YTW : 5.56 %<\/td>\n<\/tr>\n<tr>\n<td>SLF.PR.G<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>-3.49 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-10-28<br \/>\nMaturity Price  : 10.50<br \/>\nEvaluated at bid price : 10.50<br \/>\nBid-YTW : 4.32 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PR.Z<\/td>\n<td>FixedReset Disc<\/td>\n<td>-2.79 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-10-28<br \/>\nMaturity Price  : 16.35<br \/>\nEvaluated at bid price : 16.35<br \/>\nBid-YTW : 5.47 %<\/td>\n<\/tr>\n<tr>\n<td>TD.PF.D<\/td>\n<td>FixedReset Disc<\/td>\n<td>-2.76 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-10-28<br \/>\nMaturity Price  : 19.01<br \/>\nEvaluated at bid price : 19.01<br \/>\nBid-YTW : 4.20 %<\/td>\n<\/tr>\n<tr>\n<td>BIP.PR.A<\/td>\n<td>FixedReset Disc<\/td>\n<td>-2.31 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-10-28<br \/>\nMaturity Price  : 16.90<br \/>\nEvaluated at bid price : 16.90<br \/>\nBid-YTW : 5.92 %<\/td>\n<\/tr>\n<tr>\n<td>NA.PR.S<\/td>\n<td>FixedReset Disc<\/td>\n<td>-2.26 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-10-28<br \/>\nMaturity Price  : 17.30<br \/>\nEvaluated at bid price : 17.30<br \/>\nBid-YTW : 4.36 %<\/td>\n<\/tr>\n<tr>\n<td>TRP.PR.E<\/td>\n<td>FixedReset Disc<\/td>\n<td>-2.20 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-10-28<br \/>\nMaturity Price  : 12.92<br \/>\nEvaluated at bid price : 12.92<br \/>\nBid-YTW : 5.80 %<\/td>\n<\/tr>\n<tr>\n<td>MFC.PR.Q<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>-2.07 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-10-28<br \/>\nMaturity Price  : 18.94<br \/>\nEvaluated at bid price : 18.94<br \/>\nBid-YTW : 4.25 %<\/td>\n<\/tr>\n<tr>\n<td>NA.PR.W<\/td>\n<td>FixedReset Disc<\/td>\n<td>-2.05 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-10-28<br \/>\nMaturity Price  : 16.21<br \/>\nEvaluated at bid price : 16.21<br \/>\nBid-YTW : 4.49 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PR.T<\/td>\n<td>FixedReset Disc<\/td>\n<td>-2.03 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-10-28<br \/>\nMaturity Price  : 13.01<br \/>\nEvaluated at bid price : 13.01<br \/>\nBid-YTW : 5.38 %<\/td>\n<\/tr>\n<tr>\n<td>GWO.PR.R<\/td>\n<td>Deemed-Retractible<\/td>\n<td>-2.03 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-10-28<br \/>\nMaturity Price  : 23.90<br \/>\nEvaluated at bid price : 24.16<br \/>\nBid-YTW : 5.01 %<\/td>\n<\/tr>\n<tr>\n<td>SLF.PR.B<\/td>\n<td>Deemed-Retractible<\/td>\n<td>-1.98 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-10-28<br \/>\nMaturity Price  : 24.01<br \/>\nEvaluated at bid price : 24.26<br \/>\nBid-YTW : 4.99 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PF.A<\/td>\n<td>FixedReset Disc<\/td>\n<td>-1.98 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-10-28<br \/>\nMaturity Price  : 16.86<br \/>\nEvaluated at bid price : 16.86<br \/>\nBid-YTW : 5.38 %<\/td>\n<\/tr>\n<tr>\n<td>TRP.PR.C<\/td>\n<td>FixedReset Disc<\/td>\n<td>-1.91 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-10-28<br \/>\nMaturity Price  : 8.75<br \/>\nEvaluated at bid price : 8.75<br \/>\nBid-YTW : 5.52 %<\/td>\n<\/tr>\n<tr>\n<td>SLF.PR.D<\/td>\n<td>Deemed-Retractible<\/td>\n<td>-1.89 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-10-28<br \/>\nMaturity Price  : 22.55<br \/>\nEvaluated at bid price : 22.81<br \/>\nBid-YTW : 4.91 %<\/td>\n<\/tr>\n<tr>\n<td>BIP.PR.C<\/td>\n<td>FixedReset Disc<\/td>\n<td>-1.88 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-10-28<br \/>\nMaturity Price  : 22.97<br \/>\nEvaluated at bid price : 23.55<br \/>\nBid-YTW : 5.72 %<\/td>\n<\/tr>\n<tr>\n<td>CM.PR.O<\/td>\n<td>FixedReset Disc<\/td>\n<td>-1.67 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-10-28<br \/>\nMaturity Price  : 17.07<br \/>\nEvaluated at bid price : 17.07<br \/>\nBid-YTW : 4.29 %<\/td>\n<\/tr>\n<tr>\n<td>BIP.PR.B<\/td>\n<td>FixedReset Disc<\/td>\n<td>-1.64 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-10-28<br \/>\nMaturity Price  : 22.77<br \/>\nEvaluated at bid price : 24.00<br \/>\nBid-YTW : 5.73 %<\/td>\n<\/tr>\n<tr>\n<td>MFC.PR.M<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>-1.62 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-10-28<br \/>\nMaturity Price  : 17.60<br \/>\nEvaluated at bid price : 17.60<br \/>\nBid-YTW : 4.27 %<\/td>\n<\/tr>\n<tr>\n<td>TRP.PR.F<\/td>\n<td>FloatingReset<\/td>\n<td>-1.60 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-10-28<br \/>\nMaturity Price  : 9.86<br \/>\nEvaluated at bid price : 9.86<br \/>\nBid-YTW : 5.15 %<\/td>\n<\/tr>\n<tr>\n<td>TRP.PR.D<\/td>\n<td>FixedReset Disc<\/td>\n<td>-1.59 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-10-28<br \/>\nMaturity Price  : 13.01<br \/>\nEvaluated at bid price : 13.01<br \/>\nBid-YTW : 5.80 %<\/td>\n<\/tr>\n<tr>\n<td>SLF.PR.A<\/td>\n<td>Deemed-Retractible<\/td>\n<td>-1.53 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-10-28<br \/>\nMaturity Price  : 23.61<br \/>\nEvaluated at bid price : 23.88<br \/>\nBid-YTW : 5.01 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PF.H<\/td>\n<td>FixedReset Disc<\/td>\n<td>-1.39 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-10-28<br \/>\nMaturity Price  : 23.86<br \/>\nEvaluated at bid price : 24.80<br \/>\nBid-YTW : 5.04 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PR.N<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-1.38 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-10-28<br \/>\nMaturity Price  : 21.85<br \/>\nEvaluated at bid price : 22.09<br \/>\nBid-YTW : 5.43 %<\/td>\n<\/tr>\n<tr>\n<td>CU.PR.C<\/td>\n<td>FixedReset Disc<\/td>\n<td>-1.37 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-10-28<br \/>\nMaturity Price  : 16.52<br \/>\nEvaluated at bid price : 16.52<br \/>\nBid-YTW : 4.35 %<\/td>\n<\/tr>\n<tr>\n<td>TD.PF.C<\/td>\n<td>FixedReset Disc<\/td>\n<td>-1.36 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-10-28<br \/>\nMaturity Price  : 18.10<br \/>\nEvaluated at bid price : 18.10<br \/>\nBid-YTW : 4.02 %<\/td>\n<\/tr>\n<tr>\n<td>CM.PR.T<\/td>\n<td>FixedReset Disc<\/td>\n<td>-1.35 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-10-28<br \/>\nMaturity Price  : 22.95<br \/>\nEvaluated at bid price : 24.10<br \/>\nBid-YTW : 4.07 %<\/td>\n<\/tr>\n<tr>\n<td>NA.PR.E<\/td>\n<td>FixedReset Disc<\/td>\n<td>-1.34 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-10-28<br \/>\nMaturity Price  : 18.40<br \/>\nEvaluated at bid price : 18.40<br \/>\nBid-YTW : 4.32 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PR.K<\/td>\n<td>Floater<\/td>\n<td>-1.33 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-10-28<br \/>\nMaturity Price  : 8.13<br \/>\nEvaluated at bid price : 8.13<br \/>\nBid-YTW : 5.33 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PR.C<\/td>\n<td>Floater<\/td>\n<td>-1.33 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-10-28<br \/>\nMaturity Price  : 8.14<br \/>\nEvaluated at bid price : 8.14<br \/>\nBid-YTW : 5.32 %<\/td>\n<\/tr>\n<tr>\n<td>MFC.PR.C<\/td>\n<td>Deemed-Retractible<\/td>\n<td>-1.33 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-10-28<br \/>\nMaturity Price  : 22.70<br \/>\nEvaluated at bid price : 22.94<br \/>\nBid-YTW : 4.95 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PF.B<\/td>\n<td>FixedReset Disc<\/td>\n<td>-1.33 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-10-28<br \/>\nMaturity Price  : 15.60<br \/>\nEvaluated at bid price : 15.60<br \/>\nBid-YTW : 5.38 %<\/td>\n<\/tr>\n<tr>\n<td>BMO.PR.W<\/td>\n<td>FixedReset Disc<\/td>\n<td>-1.33 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-10-28<br \/>\nMaturity Price  : 17.85<br \/>\nEvaluated at bid price : 17.85<br \/>\nBid-YTW : 4.08 %<\/td>\n<\/tr>\n<tr>\n<td>SLF.PR.H<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>-1.25 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-10-28<br \/>\nMaturity Price  : 14.97<br \/>\nEvaluated at bid price : 14.97<br \/>\nBid-YTW : 4.32 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PF.E<\/td>\n<td>FixedReset Disc<\/td>\n<td>-1.23 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-10-28<br \/>\nMaturity Price  : 14.40<br \/>\nEvaluated at bid price : 14.40<br \/>\nBid-YTW : 5.45 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PR.B<\/td>\n<td>Floater<\/td>\n<td>-1.22 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-10-28<br \/>\nMaturity Price  : 8.11<br \/>\nEvaluated at bid price : 8.11<br \/>\nBid-YTW : 5.34 %<\/td>\n<\/tr>\n<tr>\n<td>MFC.PR.B<\/td>\n<td>Deemed-Retractible<\/td>\n<td>-1.21 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-10-28<br \/>\nMaturity Price  : 23.34<br \/>\nEvaluated at bid price : 23.63<br \/>\nBid-YTW : 4.97 %<\/td>\n<\/tr>\n<tr>\n<td>TD.PF.M<\/td>\n<td>FixedReset Disc<\/td>\n<td>-1.19 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-10-28<br \/>\nMaturity Price  : 23.22<br \/>\nEvaluated at bid price : 24.85<br \/>\nBid-YTW : 4.09 %<\/td>\n<\/tr>\n<tr>\n<td>IFC.PR.C<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>-1.16 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-10-28<br \/>\nMaturity Price  : 17.00<br \/>\nEvaluated at bid price : 17.00<br \/>\nBid-YTW : 4.54 %<\/td>\n<\/tr>\n<tr>\n<td>IAF.PR.I<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>-1.15 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-10-28<br \/>\nMaturity Price  : 19.76<br \/>\nEvaluated at bid price : 19.76<br \/>\nBid-YTW : 4.30 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PR.R<\/td>\n<td>FixedReset Disc<\/td>\n<td>-1.13 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-10-28<br \/>\nMaturity Price  : 13.10<br \/>\nEvaluated at bid price : 13.10<br \/>\nBid-YTW : 5.20 %<\/td>\n<\/tr>\n<tr>\n<td>MFC.PR.N<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>-1.13 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-10-28<br \/>\nMaturity Price  : 17.50<br \/>\nEvaluated at bid price : 17.50<br \/>\nBid-YTW : 4.20 %<\/td>\n<\/tr>\n<tr>\n<td>CM.PR.P<\/td>\n<td>FixedReset Disc<\/td>\n<td>-1.11 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-10-28<br \/>\nMaturity Price  : 17.80<br \/>\nEvaluated at bid price : 17.80<br \/>\nBid-YTW : 4.12 %<\/td>\n<\/tr>\n<tr>\n<td>PWF.PR.S<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-1.09 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-10-28<br \/>\nMaturity Price  : 23.08<br \/>\nEvaluated at bid price : 23.54<br \/>\nBid-YTW : 5.10 %<\/td>\n<\/tr>\n<tr>\n<td>BIP.PR.D<\/td>\n<td>FixedReset Disc<\/td>\n<td>-1.08 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-10-28<br \/>\nMaturity Price  : 21.61<br \/>\nEvaluated at bid price : 22.01<br \/>\nBid-YTW : 5.73 %<\/td>\n<\/tr>\n<tr>\n<td>MFC.PR.H<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>-1.07 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-10-28<br \/>\nMaturity Price  : 21.27<br \/>\nEvaluated at bid price : 21.27<br \/>\nBid-YTW : 4.24 %<\/td>\n<\/tr>\n<tr>\n<td>CM.PR.S<\/td>\n<td>FixedReset Disc<\/td>\n<td>-1.07 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-10-28<br \/>\nMaturity Price  : 18.50<br \/>\nEvaluated at bid price : 18.50<br \/>\nBid-YTW : 4.14 %<\/td>\n<\/tr>\n<tr>\n<td>BMO.PR.S<\/td>\n<td>FixedReset Disc<\/td>\n<td>-1.05 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-10-28<br \/>\nMaturity Price  : 17.86<br \/>\nEvaluated at bid price : 17.86<br \/>\nBid-YTW : 4.16 %<\/td>\n<\/tr>\n<tr>\n<td>CM.PR.Y<\/td>\n<td>FixedReset Disc<\/td>\n<td>-1.03 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-10-28<br \/>\nMaturity Price  : 23.28<br \/>\nEvaluated at bid price : 25.00<br \/>\nBid-YTW : 4.14 %<\/td>\n<\/tr>\n<tr>\n<td>MFC.PR.I<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>-1.03 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-10-28<br \/>\nMaturity Price  : 20.25<br \/>\nEvaluated at bid price : 20.25<br \/>\nBid-YTW : 4.18 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PR.X<\/td>\n<td>FixedReset Disc<\/td>\n<td>-1.01 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-10-28<br \/>\nMaturity Price  : 10.75<br \/>\nEvaluated at bid price : 10.75<br \/>\nBid-YTW : 5.25 %<\/td>\n<\/tr>\n<tr>\n<td>TD.PF.L<\/td>\n<td>FixedReset Disc<\/td>\n<td>-1.01 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-10-28<br \/>\nMaturity Price  : 23.12<br \/>\nEvaluated at bid price : 24.50<br \/>\nBid-YTW : 3.92 %<\/td>\n<\/tr>\n<tr>\n<td>TRP.PR.G<\/td>\n<td>FixedReset Disc<\/td>\n<td>-1.00 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-10-28<br \/>\nMaturity Price  : 14.80<br \/>\nEvaluated at bid price : 14.80<br \/>\nBid-YTW : 5.75 %<\/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>CM.PR.Y<\/td>\n<td>FixedReset Disc<\/td>\n<td>73,750<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-10-28<br \/>\nMaturity Price  : 23.28<br \/>\nEvaluated at bid price : 25.00<br \/>\nBid-YTW : 4.14 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PR.R<\/td>\n<td>FixedReset Disc<\/td>\n<td>52,624<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-10-28<br \/>\nMaturity Price  : 13.10<br \/>\nEvaluated at bid price : 13.10<br \/>\nBid-YTW : 5.20 %<\/td>\n<\/tr>\n<tr>\n<td>TD.PF.M<\/td>\n<td>FixedReset Disc<\/td>\n<td>46,225<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-10-28<br \/>\nMaturity Price  : 23.22<br \/>\nEvaluated at bid price : 24.85<br \/>\nBid-YTW : 4.09 %<\/td>\n<\/tr>\n<tr>\n<td>RY.PR.O<\/td>\n<td>Perpetual-Premium<\/td>\n<td>41,922<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Call<br \/>\nMaturity Date\t: 2020-12-24<br \/>\nMaturity Price  : 26.00<br \/>\nEvaluated at bid price : 26.15<br \/>\nBid-YTW : -1.21 %<\/td>\n<\/tr>\n<tr>\n<td>MFC.PR.I<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>33,800<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-10-28<br \/>\nMaturity Price  : 20.25<br \/>\nEvaluated at bid price : 20.25<br \/>\nBid-YTW : 4.18 %<\/td>\n<\/tr>\n<tr>\n<td>CM.PR.R<\/td>\n<td>FixedReset Disc<\/td>\n<td>33,500<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-10-28<br \/>\nMaturity Price  : 22.82<br \/>\nEvaluated at bid price : 23.20<br \/>\nBid-YTW : 4.12 %<\/td>\n<\/tr>\n<tr>\n<td colspan='4'>There were 40 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>TD.PF.D<\/td>\n<td>FixedReset Disc<\/td>\n<td>Quote: 19.01 &#8211; 20.80<br \/>\nSpot Rate  :  1.7900<br \/>\nAverage  :  1.0365<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-10-28<br \/>\nMaturity Price  : 19.01<br \/>\nEvaluated at bid price : 19.01<br \/>\nBid-YTW : 4.20 %<\/td>\n<\/tr>\n<tr>\n<td>POW.PR.B<\/td>\n<td>Perpetual-Discount<\/td>\n<td>Quote: 24.25 &#8211; 25.35<br \/>\nSpot Rate  :  1.1000<br \/>\nAverage  :  0.5969<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-10-28<br \/>\nMaturity Price  : 24.00<br \/>\nEvaluated at bid price : 24.25<br \/>\nBid-YTW : 5.55 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PF.F<\/td>\n<td>FixedReset Disc<\/td>\n<td>Quote: 15.75 &#8211; 16.99<br \/>\nSpot Rate  :  1.2400<br \/>\nAverage  :  0.7383<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-10-28<br \/>\nMaturity Price  : 15.75<br \/>\nEvaluated at bid price : 15.75<br \/>\nBid-YTW : 5.50 %<\/td>\n<\/tr>\n<tr>\n<td>CU.PR.C<\/td>\n<td>FixedReset Disc<\/td>\n<td>Quote: 16.52 &#8211; 17.48<br \/>\nSpot Rate  :  0.9600<br \/>\nAverage  :  0.6123<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-10-28<br \/>\nMaturity Price  : 16.52<br \/>\nEvaluated at bid price : 16.52<br \/>\nBid-YTW : 4.35 %<\/td>\n<\/tr>\n<tr>\n<td>TD.PF.E<\/td>\n<td>FixedReset Disc<\/td>\n<td>Quote: 20.20 &#8211; 21.00<br \/>\nSpot Rate  :  0.8000<br \/>\nAverage  :  0.4748<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-10-28<br \/>\nMaturity Price  : 20.20<br \/>\nEvaluated at bid price : 20.20<br \/>\nBid-YTW : 4.04 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PF.C<\/td>\n<td>Perpetual-Discount<\/td>\n<td>Quote: 22.00 &#8211; 22.75<br \/>\nSpot Rate  :  0.7500<br \/>\nAverage  :  0.4649<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-10-28<br \/>\nMaturity Price  : 21.62<br \/>\nEvaluated at bid price : 22.00<br \/>\nBid-YTW : 5.56 %<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Click for Big TXPR closed at 578.55, down 0.69% on the day. Volume today was 2.15-million, above the median of the past thirty days. CPD closed at 11.52, down 0.99% on the day. Volume was &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-41509","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/41509","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=41509"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/41509\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=41509"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=41509"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=41509"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}