{"id":43248,"date":"2022-04-07T19:47:11","date_gmt":"2022-04-08T00:47:11","guid":{"rendered":"https:\/\/prefblog.com\/?p=43248"},"modified":"2022-04-07T19:47:11","modified_gmt":"2022-04-08T00:47:11","slug":"april-7-2022","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=43248","title":{"rendered":"April 7, 2022"},"content":{"rendered":"
\n\n\n\n\n
<\/a><\/td>\n<\/tr>\n
<\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n

TXPR closed at 644.34<\/a>, down 2.61% on the day. Volume today was 2.87-million, second only to March 31<\/a> in the past 21 trading days, which shows just how anemic trade has been lately.<\/p>\n

CPD closed at 12.84<\/a>, down 1.53% on the day. Volume was 261,300, second only to March 22<\/a> in the past 21 trading days.<\/p>\n

ZPR closed at 10.74<\/a>, down 1.47% on the day. Volume of 791,770 was the highest of the past 20 trading days.<\/p>\n

Five-year Canada yields were up 2bp to 2.54%<\/a> today.<\/p>\n

I am at a loss to explain this collapse, which is affecting FixedReset Discounts in the same mannner as PerpetualDiscounts. Rising rates have been fingered in the comments<\/a> as the culprit, but we blamed declining rates for the awful period of late 2018 to early 2020. We can’t have it both ways, can we?<\/p>\n

But Holy Smokes, you can now get about 5.50% on investment-grade FixedReset Discounts (admittedly on what seem to be very poor quality quotes). It’s true that the 5.50% figure depends on five-year bonds remaining at current levels in the 2.50% area forever, but frankly that isn’t an assumption that bothers me too much. Have people forgotten that FixedResets are so-called because they Reset?<\/p>\n

It is interesting, however, that the Median YTW of the PerpetualDiscount and FixedReset Discount subindices remain very close to each other, a phenomenon briefly discussed in the post MAPF Performance: March 20022<\/a>. It would be rational to expect that the yield on FixedReset Discounts would move in accordance with the GOC-5 yield, without prices moving too much, while the yield on PerpetualDiscounts would move in lockstep with prices moving a lot … but we haven’t actually observed this behaviour yet!<\/p>\n

Another possibility is that investors are assuming that the BoC is so far behind the inflation curve that it will never catch up; therefore they are marking down FixedReset Discount prices in order to boost their real yield from recent levels. That seems credible in light of the recent jump in long-term real yields<\/a>, but we’re not seeing much of that mindset in long-term nominal yields.<\/p>\n

The federal budget came out today<\/a>, much as expected – everything was pretty well telegraphed. The only significant new taxes were:<\/p>\n

The planned bank tax has been altered from the initial proposal outlined in the Liberal Party\u2019s 2021 election platform. Rather than a three percentage point surtax on earnings over $1-billion, the budget announces a 1.5 percentage point increase on taxable income over $100-million. That brings the tax rate on those earnings from 15 per cent to 16.5 per cent.<\/p>\n

While that tax increase will be permanent, the budget also includes a temporary Canada Recovery Dividend, in the form of a one time 15 per cent tax on taxable income for the 2021 tax year, payable over five years. The two budgeted tax hikes are projected to bring in a little over $6-billion, down from the roughly $11-billion estimated in the Liberal platform.<\/p><\/blockquote>\n

Nice to see that the tax man is sticking it to the common shareholders and leaving us coupon-clippers alone!<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
HIMIPref\u2122 Preferred Indices
\nThese values reflect the December 2008 revision of the HIMIPref\u2122 Indices<\/strong>
\nValues are provisional and are finalized monthly<\/td>\n<\/tr>\n
Index<\/td>\nMean
\nCurrent
\nYield
\n(at bid)<\/td>\n		Median
\nYTW<\/td>\n		Median
\nAverage
\nTrading
\nValue<\/td>\n		Median
\nMod Dur
\n(YTW)<\/td>\n		Issues<\/td>\nDay’s Perf.<\/td>\nIndex Value<\/td>\n<\/tr>\n
Ratchet<\/td>\n3.37 %<\/td>\n3.97 %<\/td>\n25,497<\/td>\n19.36<\/td>\n1<\/td>\n-1.5633 %<\/td>\n2,691.0<\/td>\n<\/tr>\n
FixedFloater<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-2.8462 %<\/td>\n5,060.7<\/td>\n<\/tr>\n
Floater<\/td>\n3.40 %<\/td>\n3.41 %<\/td>\n41,276<\/td>\n18.76<\/td>\n4<\/td>\n-2.8462 %<\/td>\n2,916.5<\/td>\n<\/tr>\n
OpRet<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.1258 %<\/td>\n3,628.7<\/td>\n<\/tr>\n
SplitShare<\/td>\n4.63 %<\/td>\n4.45 %<\/td>\n51,446<\/td>\n3.52<\/td>\n6<\/td>\n0.1258 %<\/td>\n4,333.5<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.1258 %<\/td>\n3,381.1<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.53 %<\/td>\n5.28 %<\/td>\n60,749<\/td>\n14.45<\/td>\n16<\/td>\n-2.1305 %<\/td>\n3,088.3<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n5.54 %<\/td>\n5.48 %<\/td>\n57,912<\/td>\n14.71<\/td>\n18<\/td>\n-4.0787 %<\/td>\n3,350.5<\/td>\n<\/tr>\n
FixedReset Disc<\/td>\n4.41 %<\/td>\n5.46 %<\/td>\n135,883<\/td>\n14.99<\/td>\n49<\/td>\n-3.1814 %<\/td>\n2,605.1<\/td>\n<\/tr>\n
Insurance Straight<\/td>\n5.43 %<\/td>\n5.46 %<\/td>\n87,652<\/td>\n14.72<\/td>\n20<\/td>\n-1.2074 %<\/td>\n3,300.8<\/td>\n<\/tr>\n
FloatingReset<\/td>\n3.40 %<\/td>\n3.71 %<\/td>\n52,202<\/td>\n18.08<\/td>\n2<\/td>\n-2.8201 %<\/td>\n2,741.0<\/td>\n<\/tr>\n
FixedReset Prem<\/td>\n4.88 %<\/td>\n4.98 %<\/td>\n146,630<\/td>\n2.00<\/td>\n19<\/td>\n-1.3865 %<\/td>\n2,641.4<\/td>\n<\/tr>\n
FixedReset Bank Non<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-3.1814 %<\/td>\n2,663.0<\/td>\n<\/tr>\n
FixedReset Ins Non<\/td>\n4.45 %<\/td>\n5.48 %<\/td>\n85,303<\/td>\n14.71<\/td>\n15<\/td>\n-3.3773 %<\/td>\n2,698.7<\/td>\n<\/tr>\n<\/tbody>\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\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
PWF.PF.A<\/td>\nPerpetual-Discount<\/td>\n-32.26 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-07
\nMaturity Price : 15.00
\nEvaluated at bid price : 15.00
\nBid-YTW : 7.53 %<\/td>\n<\/tr>\n
MFC.PR.Q<\/td>\nFixedReset Ins Non<\/td>\n-7.65 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-07
\nMaturity Price : 21.75
\nEvaluated at bid price : 22.21
\nBid-YTW : 5.66 %<\/td>\n<\/tr>\n
BNS.PR.I<\/td>\nFixedReset Disc<\/td>\n-7.26 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-07
\nMaturity Price : 22.64
\nEvaluated at bid price : 23.00
\nBid-YTW : 5.31 %<\/td>\n<\/tr>\n
PWF.PR.T<\/td>\nFixedReset Disc<\/td>\n-6.55 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-07
\nMaturity Price : 21.23
\nEvaluated at bid price : 21.23
\nBid-YTW : 5.63 %<\/td>\n<\/tr>\n
MFC.PR.N<\/td>\nFixedReset Ins Non<\/td>\n-6.32 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-07
\nMaturity Price : 19.86
\nEvaluated at bid price : 19.86
\nBid-YTW : 5.82 %<\/td>\n<\/tr>\n
FTS.PR.H<\/td>\nFixedReset Disc<\/td>\n-6.25 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-07
\nMaturity Price : 15.00
\nEvaluated at bid price : 15.00
\nBid-YTW : 5.94 %<\/td>\n<\/tr>\n
PWF.PR.A<\/td>\nFloater<\/td>\n-5.92 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-07
\nMaturity Price : 14.30
\nEvaluated at bid price : 14.30
\nBid-YTW : 3.33 %<\/td>\n<\/tr>\n
IFC.PR.A<\/td>\nFixedReset Ins Non<\/td>\n-5.36 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-07
\nMaturity Price : 18.36
\nEvaluated at bid price : 18.36
\nBid-YTW : 5.72 %<\/td>\n<\/tr>\n
PWF.PR.Z<\/td>\nPerpetual-Premium<\/td>\n-5.15 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-07
\nMaturity Price : 22.34
\nEvaluated at bid price : 22.66
\nBid-YTW : 5.68 %<\/td>\n<\/tr>\n
BMO.PR.T<\/td>\nFixedReset Disc<\/td>\n-5.02 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-07
\nMaturity Price : 21.00
\nEvaluated at bid price : 21.00
\nBid-YTW : 5.50 %<\/td>\n<\/tr>\n
BAM.PF.C<\/td>\nPerpetual-Discount<\/td>\n-4.98 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-07
\nMaturity Price : 21.00
\nEvaluated at bid price : 21.00
\nBid-YTW : 5.82 %<\/td>\n<\/tr>\n
BAM.PR.X<\/td>\nFixedReset Disc<\/td>\n-4.88 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-07
\nMaturity Price : 17.55
\nEvaluated at bid price : 17.55
\nBid-YTW : 6.14 %<\/td>\n<\/tr>\n
GWO.PR.N<\/td>\nFixedReset Ins Non<\/td>\n-4.64 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-07
\nMaturity Price : 15.40
\nEvaluated at bid price : 15.40
\nBid-YTW : 5.46 %<\/td>\n<\/tr>\n
IAF.PR.I<\/td>\nFixedReset Ins Non<\/td>\n-4.62 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-07
\nMaturity Price : 23.19
\nEvaluated at bid price : 23.75
\nBid-YTW : 5.48 %<\/td>\n<\/tr>\n
BAM.PF.G<\/td>\nFixedReset Disc<\/td>\n-4.55 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-07
\nMaturity Price : 21.00
\nEvaluated at bid price : 21.00
\nBid-YTW : 5.90 %<\/td>\n<\/tr>\n
TRP.PR.C<\/td>\nFixedReset Disc<\/td>\n-4.53 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-07
\nMaturity Price : 13.92
\nEvaluated at bid price : 13.92
\nBid-YTW : 6.35 %<\/td>\n<\/tr>\n
MFC.PR.J<\/td>\nFixedReset Ins Non<\/td>\n-4.37 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-07
\nMaturity Price : 22.65
\nEvaluated at bid price : 23.20
\nBid-YTW : 5.48 %<\/td>\n<\/tr>\n
PWF.PR.S<\/td>\nPerpetual-Discount<\/td>\n-4.31 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-07
\nMaturity Price : 21.65
\nEvaluated at bid price : 21.90
\nBid-YTW : 5.48 %<\/td>\n<\/tr>\n
TD.PF.D<\/td>\nFixedReset Disc<\/td>\n-4.31 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-07
\nMaturity Price : 21.73
\nEvaluated at bid price : 22.00
\nBid-YTW : 5.50 %<\/td>\n<\/tr>\n
BMO.PR.Y<\/td>\nFixedReset Disc<\/td>\n-4.30 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-07
\nMaturity Price : 21.73
\nEvaluated at bid price : 22.01
\nBid-YTW : 5.46 %<\/td>\n<\/tr>\n
FTS.PR.K<\/td>\nFixedReset Disc<\/td>\n-4.26 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-07
\nMaturity Price : 19.53
\nEvaluated at bid price : 19.53
\nBid-YTW : 5.78 %<\/td>\n<\/tr>\n
BAM.PF.E<\/td>\nFixedReset Disc<\/td>\n-4.26 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-07
\nMaturity Price : 19.54
\nEvaluated at bid price : 19.54
\nBid-YTW : 6.14 %<\/td>\n<\/tr>\n
MFC.PR.M<\/td>\nFixedReset Ins Non<\/td>\n-4.15 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-07
\nMaturity Price : 20.32
\nEvaluated at bid price : 20.32
\nBid-YTW : 5.80 %<\/td>\n<\/tr>\n
BAM.PF.I<\/td>\nFixedReset Prem<\/td>\n-4.06 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2027-03-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.51
\nBid-YTW : 4.98 %<\/td>\n<\/tr>\n
GWO.PR.P<\/td>\nInsurance Straight<\/td>\n-3.98 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-07
\nMaturity Price : 23.64
\nEvaluated at bid price : 23.91
\nBid-YTW : 5.68 %<\/td>\n<\/tr>\n
FTS.PR.J<\/td>\nPerpetual-Discount<\/td>\n-3.97 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-07
\nMaturity Price : 22.05
\nEvaluated at bid price : 22.28
\nBid-YTW : 5.39 %<\/td>\n<\/tr>\n
BAM.PR.Z<\/td>\nFixedReset Disc<\/td>\n-3.94 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-07
\nMaturity Price : 22.99
\nEvaluated at bid price : 23.64
\nBid-YTW : 5.73 %<\/td>\n<\/tr>\n
PWF.PR.L<\/td>\nPerpetual-Discount<\/td>\n-3.90 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-07
\nMaturity Price : 22.60
\nEvaluated at bid price : 22.85
\nBid-YTW : 5.58 %<\/td>\n<\/tr>\n
BAM.PF.B<\/td>\nFixedReset Disc<\/td>\n-3.79 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-07
\nMaturity Price : 21.31
\nEvaluated at bid price : 21.31
\nBid-YTW : 5.94 %<\/td>\n<\/tr>\n
BAM.PF.H<\/td>\nFixedReset Prem<\/td>\n-3.78 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2025-12-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.21
\nBid-YTW : 4.80 %<\/td>\n<\/tr>\n
FTS.PR.G<\/td>\nFixedReset Disc<\/td>\n-3.74 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-07
\nMaturity Price : 20.60
\nEvaluated at bid price : 20.60
\nBid-YTW : 5.64 %<\/td>\n<\/tr>\n
MFC.PR.F<\/td>\nFixedReset Ins Non<\/td>\n-3.70 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-07
\nMaturity Price : 16.38
\nEvaluated at bid price : 16.38
\nBid-YTW : 5.41 %<\/td>\n<\/tr>\n
BAM.PR.B<\/td>\nFloater<\/td>\n-3.62 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-07
\nMaturity Price : 13.56
\nEvaluated at bid price : 13.56
\nBid-YTW : 3.50 %<\/td>\n<\/tr>\n
RY.PR.Z<\/td>\nFixedReset Disc<\/td>\n-3.61 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-07
\nMaturity Price : 21.31
\nEvaluated at bid price : 21.61
\nBid-YTW : 5.33 %<\/td>\n<\/tr>\n
TRP.PR.E<\/td>\nFixedReset Disc<\/td>\n-3.61 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-07
\nMaturity Price : 18.71
\nEvaluated at bid price : 18.71
\nBid-YTW : 6.24 %<\/td>\n<\/tr>\n
FTS.PR.F<\/td>\nPerpetual-Discount<\/td>\n-3.54 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-07
\nMaturity Price : 22.88
\nEvaluated at bid price : 23.15
\nBid-YTW : 5.35 %<\/td>\n<\/tr>\n
GWO.PR.G<\/td>\nInsurance Straight<\/td>\n-3.54 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-07
\nMaturity Price : 22.89
\nEvaluated at bid price : 23.16
\nBid-YTW : 5.64 %<\/td>\n<\/tr>\n
RY.PR.S<\/td>\nFixedReset Disc<\/td>\n-3.49 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-07
\nMaturity Price : 23.44
\nEvaluated at bid price : 23.79
\nBid-YTW : 5.14 %<\/td>\n<\/tr>\n
TRP.PR.D<\/td>\nFixedReset Disc<\/td>\n-3.37 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-07
\nMaturity Price : 19.21
\nEvaluated at bid price : 19.21
\nBid-YTW : 6.18 %<\/td>\n<\/tr>\n
GWO.PR.S<\/td>\nInsurance Straight<\/td>\n-3.36 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-07
\nMaturity Price : 23.59
\nEvaluated at bid price : 23.85
\nBid-YTW : 5.53 %<\/td>\n<\/tr>\n
SLF.PR.J<\/td>\nFloatingReset<\/td>\n-3.23 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-07
\nMaturity Price : 16.50
\nEvaluated at bid price : 16.50
\nBid-YTW : 3.10 %<\/td>\n<\/tr>\n
GWO.PR.R<\/td>\nInsurance Straight<\/td>\n-3.20 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-07
\nMaturity Price : 21.83
\nEvaluated at bid price : 22.07
\nBid-YTW : 5.47 %<\/td>\n<\/tr>\n
TRP.PR.A<\/td>\nFixedReset Disc<\/td>\n-3.10 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-07
\nMaturity Price : 17.20
\nEvaluated at bid price : 17.20
\nBid-YTW : 6.21 %<\/td>\n<\/tr>\n
BAM.PF.A<\/td>\nFixedReset Disc<\/td>\n-3.10 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-07
\nMaturity Price : 23.04
\nEvaluated at bid price : 23.47
\nBid-YTW : 5.72 %<\/td>\n<\/tr>\n
RY.PR.J<\/td>\nFixedReset Disc<\/td>\n-3.09 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-07
\nMaturity Price : 21.95
\nEvaluated at bid price : 22.29
\nBid-YTW : 5.48 %<\/td>\n<\/tr>\n
GWO.PR.H<\/td>\nInsurance Straight<\/td>\n-3.08 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-07
\nMaturity Price : 21.81
\nEvaluated at bid price : 22.05
\nBid-YTW : 5.53 %<\/td>\n<\/tr>\n
POW.PR.D<\/td>\nPerpetual-Discount<\/td>\n-3.04 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-07
\nMaturity Price : 22.71
\nEvaluated at bid price : 23.00
\nBid-YTW : 5.45 %<\/td>\n<\/tr>\n
IFC.PR.F<\/td>\nInsurance Straight<\/td>\n-3.00 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-07
\nMaturity Price : 23.76
\nEvaluated at bid price : 24.25
\nBid-YTW : 5.48 %<\/td>\n<\/tr>\n
CM.PR.Y<\/td>\nFixedReset Prem<\/td>\n-2.98 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2024-07-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.03
\nBid-YTW : 4.99 %<\/td>\n<\/tr>\n
BAM.PR.T<\/td>\nFixedReset Disc<\/td>\n-2.97 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-07
\nMaturity Price : 19.60
\nEvaluated at bid price : 19.60
\nBid-YTW : 5.79 %<\/td>\n<\/tr>\n
GWO.PR.Y<\/td>\nInsurance Straight<\/td>\n-2.95 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-07
\nMaturity Price : 21.06
\nEvaluated at bid price : 21.06
\nBid-YTW : 5.38 %<\/td>\n<\/tr>\n
SLF.PR.H<\/td>\nFixedReset Ins Non<\/td>\n-2.87 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-07
\nMaturity Price : 20.28
\nEvaluated at bid price : 20.28
\nBid-YTW : 5.24 %<\/td>\n<\/tr>\n
BMO.PR.S<\/td>\nFixedReset Disc<\/td>\n-2.85 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-07
\nMaturity Price : 21.70
\nEvaluated at bid price : 22.15
\nBid-YTW : 5.33 %<\/td>\n<\/tr>\n
BAM.PR.N<\/td>\nPerpetual-Discount<\/td>\n-2.83 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-07
\nMaturity Price : 20.95
\nEvaluated at bid price : 20.95
\nBid-YTW : 5.72 %<\/td>\n<\/tr>\n
FTS.PR.M<\/td>\nFixedReset Disc<\/td>\n-2.80 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-07
\nMaturity Price : 20.80
\nEvaluated at bid price : 20.80
\nBid-YTW : 5.83 %<\/td>\n<\/tr>\n
PWF.PR.R<\/td>\nPerpetual-Premium<\/td>\n-2.79 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-07
\nMaturity Price : 24.03
\nEvaluated at bid price : 24.28
\nBid-YTW : 5.66 %<\/td>\n<\/tr>\n
CM.PR.S<\/td>\nFixedReset Disc<\/td>\n-2.78 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-07
\nMaturity Price : 22.83
\nEvaluated at bid price : 23.44
\nBid-YTW : 5.20 %<\/td>\n<\/tr>\n
CU.PR.H<\/td>\nPerpetual-Premium<\/td>\n-2.75 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-07
\nMaturity Price : 24.03
\nEvaluated at bid price : 24.37
\nBid-YTW : 5.44 %<\/td>\n<\/tr>\n
BAM.PR.M<\/td>\nPerpetual-Discount<\/td>\n-2.74 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-07
\nMaturity Price : 21.30
\nEvaluated at bid price : 21.30
\nBid-YTW : 5.62 %<\/td>\n<\/tr>\n
IFC.PR.C<\/td>\nFixedReset Disc<\/td>\n-2.73 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-07
\nMaturity Price : 21.40
\nEvaluated at bid price : 21.40
\nBid-YTW : 5.53 %<\/td>\n<\/tr>\n
BAM.PR.R<\/td>\nFixedReset Disc<\/td>\n-2.71 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-07
\nMaturity Price : 18.65
\nEvaluated at bid price : 18.65
\nBid-YTW : 5.93 %<\/td>\n<\/tr>\n
TD.PF.C<\/td>\nFixedReset Disc<\/td>\n-2.69 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-07
\nMaturity Price : 21.36
\nEvaluated at bid price : 21.36
\nBid-YTW : 5.37 %<\/td>\n<\/tr>\n
RY.PR.M<\/td>\nFixedReset Disc<\/td>\n-2.69 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-07
\nMaturity Price : 21.38
\nEvaluated at bid price : 21.70
\nBid-YTW : 5.41 %<\/td>\n<\/tr>\n
BAM.PF.D<\/td>\nPerpetual-Discount<\/td>\n-2.66 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-07
\nMaturity Price : 21.34
\nEvaluated at bid price : 21.61
\nBid-YTW : 5.70 %<\/td>\n<\/tr>\n
TD.PF.B<\/td>\nFixedReset Disc<\/td>\n-2.62 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-07
\nMaturity Price : 21.35
\nEvaluated at bid price : 21.35
\nBid-YTW : 5.39 %<\/td>\n<\/tr>\n
RY.PR.N<\/td>\nPerpetual-Premium<\/td>\n-2.61 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-07
\nMaturity Price : 23.73
\nEvaluated at bid price : 24.25
\nBid-YTW : 5.09 %<\/td>\n<\/tr>\n
RY.PR.O<\/td>\nPerpetual-Premium<\/td>\n-2.61 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-07
\nMaturity Price : 23.73
\nEvaluated at bid price : 24.25
\nBid-YTW : 5.09 %<\/td>\n<\/tr>\n
GWO.PR.I<\/td>\nInsurance Straight<\/td>\n-2.60 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-07
\nMaturity Price : 20.94
\nEvaluated at bid price : 20.94
\nBid-YTW : 5.41 %<\/td>\n<\/tr>\n
TRP.PR.G<\/td>\nFixedReset Disc<\/td>\n-2.60 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-07
\nMaturity Price : 21.42
\nEvaluated at bid price : 21.75
\nBid-YTW : 5.74 %<\/td>\n<\/tr>\n
CM.PR.O<\/td>\nFixedReset Disc<\/td>\n-2.55 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-07
\nMaturity Price : 21.44
\nEvaluated at bid price : 21.44
\nBid-YTW : 5.42 %<\/td>\n<\/tr>\n
BAM.PF.F<\/td>\nFixedReset Disc<\/td>\n-2.53 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-07
\nMaturity Price : 21.54
\nEvaluated at bid price : 21.93
\nBid-YTW : 5.88 %<\/td>\n<\/tr>\n
TD.PF.A<\/td>\nFixedReset Disc<\/td>\n-2.50 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-07
\nMaturity Price : 21.28
\nEvaluated at bid price : 21.28
\nBid-YTW : 5.35 %<\/td>\n<\/tr>\n
PWF.PR.F<\/td>\nPerpetual-Premium<\/td>\n-2.49 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-07
\nMaturity Price : 23.69
\nEvaluated at bid price : 24.00
\nBid-YTW : 5.47 %<\/td>\n<\/tr>\n
CU.PR.E<\/td>\nPerpetual-Discount<\/td>\n-2.44 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-07
\nMaturity Price : 22.49
\nEvaluated at bid price : 22.75
\nBid-YTW : 5.44 %<\/td>\n<\/tr>\n
TRP.PR.F<\/td>\nFloatingReset<\/td>\n-2.43 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-07
\nMaturity Price : 17.27
\nEvaluated at bid price : 17.27
\nBid-YTW : 3.71 %<\/td>\n<\/tr>\n
PWF.PR.K<\/td>\nPerpetual-Discount<\/td>\n-2.39 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-07
\nMaturity Price : 22.31
\nEvaluated at bid price : 22.58
\nBid-YTW : 5.48 %<\/td>\n<\/tr>\n
TRP.PR.B<\/td>\nFixedReset Disc<\/td>\n-2.38 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-07
\nMaturity Price : 13.14
\nEvaluated at bid price : 13.14
\nBid-YTW : 6.40 %<\/td>\n<\/tr>\n
CM.PR.P<\/td>\nFixedReset Disc<\/td>\n-2.26 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-07
\nMaturity Price : 21.30
\nEvaluated at bid price : 21.60
\nBid-YTW : 5.29 %<\/td>\n<\/tr>\n
TD.PF.J<\/td>\nFixedReset Disc<\/td>\n-2.25 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-07
\nMaturity Price : 23.30
\nEvaluated at bid price : 23.83
\nBid-YTW : 5.38 %<\/td>\n<\/tr>\n
NA.PR.E<\/td>\nFixedReset Disc<\/td>\n-2.20 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-07
\nMaturity Price : 23.00
\nEvaluated at bid price : 23.53
\nBid-YTW : 5.31 %<\/td>\n<\/tr>\n
BMO.PR.F<\/td>\nFixedReset Prem<\/td>\n-2.14 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2024-05-25
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.10
\nBid-YTW : 5.22 %<\/td>\n<\/tr>\n
BMO.PR.E<\/td>\nFixedReset Disc<\/td>\n-2.12 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-07
\nMaturity Price : 23.68
\nEvaluated at bid price : 24.06
\nBid-YTW : 5.38 %<\/td>\n<\/tr>\n
NA.PR.G<\/td>\nFixedReset Prem<\/td>\n-2.08 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-07
\nMaturity Price : 23.66
\nEvaluated at bid price : 24.04
\nBid-YTW : 5.40 %<\/td>\n<\/tr>\n
POW.PR.B<\/td>\nPerpetual-Premium<\/td>\n-2.04 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-07
\nMaturity Price : 23.69
\nEvaluated at bid price : 24.00
\nBid-YTW : 5.59 %<\/td>\n<\/tr>\n
CU.PR.J<\/td>\nPerpetual-Discount<\/td>\n-2.00 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-07
\nMaturity Price : 21.78
\nEvaluated at bid price : 22.10
\nBid-YTW : 5.43 %<\/td>\n<\/tr>\n
TD.PF.K<\/td>\nFixedReset Disc<\/td>\n-1.98 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-07
\nMaturity Price : 23.18
\nEvaluated at bid price : 23.60
\nBid-YTW : 5.32 %<\/td>\n<\/tr>\n
NA.PR.S<\/td>\nFixedReset Disc<\/td>\n-1.97 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-07
\nMaturity Price : 22.10
\nEvaluated at bid price : 22.35
\nBid-YTW : 5.32 %<\/td>\n<\/tr>\n
MFC.PR.L<\/td>\nFixedReset Ins Non<\/td>\n-1.90 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-07
\nMaturity Price : 20.60
\nEvaluated at bid price : 20.60
\nBid-YTW : 5.54 %<\/td>\n<\/tr>\n
CM.PR.T<\/td>\nFixedReset Prem<\/td>\n-1.88 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2024-04-30
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.05
\nBid-YTW : 4.97 %<\/td>\n<\/tr>\n
SLF.PR.G<\/td>\nFixedReset Ins Non<\/td>\n-1.85 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-07
\nMaturity Price : 15.90
\nEvaluated at bid price : 15.90
\nBid-YTW : 5.54 %<\/td>\n<\/tr>\n
CM.PR.Q<\/td>\nFixedReset Disc<\/td>\n-1.74 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-07
\nMaturity Price : 22.15
\nEvaluated at bid price : 22.60
\nBid-YTW : 5.34 %<\/td>\n<\/tr>\n
POW.PR.G<\/td>\nPerpetual-Premium<\/td>\n-1.71 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-07
\nMaturity Price : 24.49
\nEvaluated at bid price : 24.72
\nBid-YTW : 5.68 %<\/td>\n<\/tr>\n
MFC.PR.I<\/td>\nFixedReset Ins Non<\/td>\n-1.68 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-07
\nMaturity Price : 23.82
\nEvaluated at bid price : 24.54
\nBid-YTW : 5.43 %<\/td>\n<\/tr>\n
BIP.PR.A<\/td>\nFixedReset Disc<\/td>\n-1.67 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2025-06-30
\nMaturity Price : 25.00
\nEvaluated at bid price : 23.60
\nBid-YTW : 5.96 %<\/td>\n<\/tr>\n
BAM.PF.J<\/td>\nFixedReset Prem<\/td>\n-1.59 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-07
\nMaturity Price : 24.19
\nEvaluated at bid price : 24.70
\nBid-YTW : 5.63 %<\/td>\n<\/tr>\n
PWF.PR.P<\/td>\nFixedReset Disc<\/td>\n-1.58 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-07
\nMaturity Price : 15.72
\nEvaluated at bid price : 15.72
\nBid-YTW : 5.71 %<\/td>\n<\/tr>\n
BAM.PR.E<\/td>\nRatchet<\/td>\n-1.56 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-07
\nMaturity Price : 25.00
\nEvaluated at bid price : 18.89
\nBid-YTW : 3.97 %<\/td>\n<\/tr>\n
TD.PF.L<\/td>\nFixedReset Prem<\/td>\n-1.50 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2024-04-30
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.00
\nBid-YTW : 5.06 %<\/td>\n<\/tr>\n
IFC.PR.E<\/td>\nInsurance Straight<\/td>\n-1.44 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-07
\nMaturity Price : 23.65
\nEvaluated at bid price : 23.92
\nBid-YTW : 5.46 %<\/td>\n<\/tr>\n
IFC.PR.G<\/td>\nFixedReset Ins Non<\/td>\n-1.37 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-07
\nMaturity Price : 22.55
\nEvaluated at bid price : 23.01
\nBid-YTW : 5.46 %<\/td>\n<\/tr>\n
MFC.PR.C<\/td>\nInsurance Straight<\/td>\n-1.35 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-07
\nMaturity Price : 21.21
\nEvaluated at bid price : 21.21
\nBid-YTW : 5.36 %<\/td>\n<\/tr>\n
ELF.PR.F<\/td>\nPerpetual-Discount<\/td>\n-1.25 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-07
\nMaturity Price : 23.41
\nEvaluated at bid price : 23.70
\nBid-YTW : 5.60 %<\/td>\n<\/tr>\n
SLF.PR.D<\/td>\nInsurance Straight<\/td>\n-1.12 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-07
\nMaturity Price : 21.10
\nEvaluated at bid price : 21.10
\nBid-YTW : 5.31 %<\/td>\n<\/tr>\n
CU.PR.C<\/td>\nFixedReset Disc<\/td>\n-1.10 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-07
\nMaturity Price : 21.97
\nEvaluated at bid price : 22.50
\nBid-YTW : 5.45 %<\/td>\n<\/tr>\n
MFC.PR.B<\/td>\nInsurance Straight<\/td>\n-1.06 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-07
\nMaturity Price : 21.50
\nEvaluated at bid price : 21.50
\nBid-YTW : 5.46 %<\/td>\n<\/tr>\n
IAF.PR.G<\/td>\nFixedReset Ins Non<\/td>\n-1.01 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-07
\nMaturity Price : 23.67
\nEvaluated at bid price : 24.60
\nBid-YTW : 5.40 %<\/td>\n<\/tr>\n
BAM.PR.C<\/td>\nFloater<\/td>\n-1.00 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-07
\nMaturity Price : 13.86
\nEvaluated at bid price : 13.86
\nBid-YTW : 3.43 %<\/td>\n<\/tr>\n
CU.PR.D<\/td>\nPerpetual-Discount<\/td>\n2.50 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-07
\nMaturity Price : 22.28
\nEvaluated at bid price : 22.55
\nBid-YTW : 5.49 %<\/td>\n<\/tr>\n
CU.PR.F<\/td>\nPerpetual-Discount<\/td>\n3.10 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-07
\nMaturity Price : 21.38
\nEvaluated at bid price : 21.65
\nBid-YTW : 5.25 %<\/td>\n<\/tr>\n
GWO.PR.Q<\/td>\nInsurance Straight<\/td>\n11.27 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-07
\nMaturity Price : 23.20
\nEvaluated at bid price : 23.50
\nBid-YTW : 5.51 %<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n\n\n\n\n\n\n\n\n
Volume Highlights<\/strong><\/td>\n<\/tr>\n
Issue<\/td>\nIndex<\/td>\nShares
\nTraded<\/td>\n		Notes<\/td>\n<\/tr>\n
CM.PR.R<\/td>\nFixedReset Prem<\/td>\n151,600<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2022-07-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 24.99
\nBid-YTW : 3.75 %<\/td>\n<\/tr>\n
TRP.PR.K<\/td>\nFixedReset Prem<\/td>\n120,200<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2022-05-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.22
\nBid-YTW : 2.60 %<\/td>\n<\/tr>\n
EMA.PR.L<\/td>\nPerpetual-Discount<\/td>\n38,166<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-07
\nMaturity Price : 21.46
\nEvaluated at bid price : 21.46
\nBid-YTW : 5.45 %<\/td>\n<\/tr>\n
TD.PF.C<\/td>\nFixedReset Disc<\/td>\n35,500<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-07
\nMaturity Price : 21.36
\nEvaluated at bid price : 21.36
\nBid-YTW : 5.37 %<\/td>\n<\/tr>\n
TRP.PR.E<\/td>\nFixedReset Disc<\/td>\n30,090<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-07
\nMaturity Price : 18.71
\nEvaluated at bid price : 18.71
\nBid-YTW : 6.24 %<\/td>\n<\/tr>\n
SLF.PR.G<\/td>\nFixedReset Ins Non<\/td>\n28,678<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-07
\nMaturity Price : 15.90
\nEvaluated at bid price : 15.90
\nBid-YTW : 5.54 %<\/td>\n<\/tr>\n
There were 60 other index-included issues trading in excess of 10,000 shares.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\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
PWF.PF.A<\/td>\nPerpetual-Discount<\/td>\nQuote: 15.00 – 22.54
\nSpot Rate : 7.5400
\nAverage : 4.1437<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-07
\nMaturity Price : 15.00
\nEvaluated at bid price : 15.00
\nBid-YTW : 7.53 %<\/td>\n<\/tr>\n

BAM.PF.B<\/td>\nFixedReset Disc<\/td>\nQuote: 21.31 – 23.95
\nSpot Rate : 2.6400
\nAverage : 1.6686<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-07
\nMaturity Price : 21.31
\nEvaluated at bid price : 21.31
\nBid-YTW : 5.94 %<\/td>\n<\/tr>\n

IFC.PR.G<\/td>\nFixedReset Ins Non<\/td>\nQuote: 23.01 – 24.80
\nSpot Rate : 1.7900
\nAverage : 1.1106<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-07
\nMaturity Price : 22.55
\nEvaluated at bid price : 23.01
\nBid-YTW : 5.46 %<\/td>\n<\/tr>\n

BNS.PR.I<\/td>\nFixedReset Disc<\/td>\nQuote: 23.00 – 24.50
\nSpot Rate : 1.5000
\nAverage : 0.8427<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-07
\nMaturity Price : 22.64
\nEvaluated at bid price : 23.00
\nBid-YTW : 5.31 %<\/td>\n<\/tr>\n

BAM.PR.K<\/td>\nFloater<\/td>\nQuote: 13.92 – 15.50
\nSpot Rate : 1.5800
\nAverage : 0.9610<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-07
\nMaturity Price : 13.92
\nEvaluated at bid price : 13.92
\nBid-YTW : 3.41 %<\/td>\n<\/tr>\n

RY.PR.J<\/td>\nFixedReset Disc<\/td>\nQuote: 22.29 – 23.90
\nSpot Rate : 1.6100
\nAverage : 1.0150<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-07
\nMaturity Price : 21.95
\nEvaluated at bid price : 22.29
\nBid-YTW : 5.48 %<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

TXPR closed at 644.34, down 2.61% on the day. Volume today was 2.87-million, second only to March 31 in the past 21 trading days, which shows just how anemic trade has been lately. CPD closed …<\/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-43248","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/43248","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=43248"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/43248\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=43248"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=43248"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=43248"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}