{"id":43270,"date":"2022-04-12T20:49:40","date_gmt":"2022-04-13T01:49:40","guid":{"rendered":"https:\/\/prefblog.com\/?p=43270"},"modified":"2022-04-12T20:49:40","modified_gmt":"2022-04-13T01:49:40","slug":"april-12-2022","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=43270","title":{"rendered":"April 12, 2022"},"content":{"rendered":"<p>So <a href=\"https:\/\/www.theglobeandmail.com\/business\/international-business\/us-business\/article-us-inflation-soared-85-in-past-year-the-fastest-pace-since-1981\/\">US inflation was exciting<\/a>:<\/p>\n<blockquote><p>Inflation soared over the past year at its fastest pace in more than 40 years, with costs for food, gasoline, housing and other necessities squeezing American consumers and wiping out the pay raises that many people have received.<\/p>\n<p>The Labor Department said Tuesday that its consumer price index jumped 8.5 per cent in March from 12 months earlier \u2013 the biggest year-over-year increase since December 1981. Prices have been driven up by bottlenecked supply chains, robust consumer demand and disruptions to global food and energy markets worsened by Russia\u2019s war against Ukraine.<\/p>\n<p>The government\u2019s report also showed that inflation rose 1.2 per cent from February to March, up from a 0.8 per cent increase from January to February.<\/p><\/blockquote>\n<p>Current and projected future increases in the five-year Canada rate imply a greater cost of carry on mortgages. Well, <a href=\"https:\/\/www.theglobeandmail.com\/business\/article-multiple-property-holders-own-upwards-of-41-of-housing-in-some\/\">the implications will be fun<\/a>!<\/p>\n<blockquote><p>New data from Statistics Canada shows multiple-property owners held between 29 and 41 per cent of the housing stock in Ontario, British Columbia, Nova Scotia and New Brunswick in 2019 and 2020.<\/p>\n<p>The data from the Canadian Housing Statistics Program, which includes both residential and recreational holdings, reveal multiple-property ownership accounted for 41 per cent of Nova Scotia\u2019s housing stock, 39 per cent of New Brunswick\u2019s, 31 per cent of Ontario\u2019s and 29 per cent of British Columbia\u2019s.<\/p>\n<p>Multiple-property owners totalled 22 per cent of all owners in Nova Scotia, 20 per cent in New Brunswick, 16 per cent in Ontario and 15 per cent in British Columbia.<\/p><\/blockquote>\n<p>Tomorrow will bring the long-awaited Bank of Canada policy rate announcement, <a href=\"https:\/\/www.theglobeandmail.com\/business\/article-bank-of-canada-interest-rate-hike-april-2022\/\">widely expected<\/a> to take the policy rate to 1.00%. But <a href=\"https:\/\/www.investing.com\/rates-bonds\/canada-government-bonds?maturity_from=40&amp;maturity_to=130\">three month bills are trading at about 0.86%<\/a>, roughly halfway between a 25bp increase and one of 50bp, which does not seem to indicate a similar level of conviction in the markets. As <a href=\"https:\/\/prefblog.com\/?p=43268#comment-198443\"><i>ratchetrick<\/i> observes<\/a>, we&#8217;ll see. But it seems that one way or another there will be fireworks as all the bond-market-timers incur immense transaction costs during the ten minutes on either side of the announcement.<\/p>\n<table border=\"1\">\n<tbody>\n<tr>\n<td colspan=\"8\"><strong>HIMIPref\u2122 Preferred Indices<br \/>\nThese values reflect the December 2008 revision of the HIMIPref\u2122 Indices<\/strong><br \/>\nValues are provisional and are finalized monthly<\/td>\n<\/tr>\n<tr>\n<td>Index<\/td>\n<td>Mean<br \/>\nCurrent<br \/>\nYield<br \/>\n(at bid)<\/td>\n<td>Median<br \/>\nYTW<\/td>\n<td>Median<br \/>\nAverage<br \/>\nTrading<br \/>\nValue<\/td>\n<td>Median<br \/>\nMod Dur<br \/>\n(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>3.37 %<\/td>\n<td>3.95 %<\/td>\n<td>25,336<\/td>\n<td>19.35<\/td>\n<td>1<\/td>\n<td>-0.5238 %<\/td>\n<td>2,705.2<\/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>0.3895 %<\/td>\n<td>5,157.1<\/td>\n<\/tr>\n<tr>\n<td>Floater<\/td>\n<td>3.33 %<\/td>\n<td>3.39 %<\/td>\n<td>40,816<\/td>\n<td>18.80<\/td>\n<td>4<\/td>\n<td>0.3895 %<\/td>\n<td>2,972.1<\/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>-0.1257 %<\/td>\n<td>3,621.5<\/td>\n<\/tr>\n<tr>\n<td>SplitShare<\/td>\n<td>4.64 %<\/td>\n<td>4.49 %<\/td>\n<td>47,474<\/td>\n<td>3.51<\/td>\n<td>6<\/td>\n<td>-0.1257 %<\/td>\n<td>4,324.9<\/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>-0.1257 %<\/td>\n<td>3,374.4<\/td>\n<\/tr>\n<tr>\n<td>Perpetual-Premium<\/td>\n<td>5.52 %<\/td>\n<td>5.29 %<\/td>\n<td>63,454<\/td>\n<td>14.53<\/td>\n<td>16<\/td>\n<td>-0.0431 %<\/td>\n<td>3,097.3<\/td>\n<\/tr>\n<tr>\n<td>Perpetual-Discount<\/td>\n<td>5.47 %<\/td>\n<td>5.47 %<\/td>\n<td>60,057<\/td>\n<td>14.64<\/td>\n<td>17<\/td>\n<td>-0.2129 %<\/td>\n<td>3,387.7<\/td>\n<\/tr>\n<tr>\n<td>FixedReset Disc<\/td>\n<td>4.42 %<\/td>\n<td>5.55 %<\/td>\n<td>130,053<\/td>\n<td>14.88<\/td>\n<td>49<\/td>\n<td>-0.8059 %<\/td>\n<td>2,597.4<\/td>\n<\/tr>\n<tr>\n<td>Insurance Straight<\/td>\n<td>5.47 %<\/td>\n<td>5.45 %<\/td>\n<td>88,765<\/td>\n<td>14.73<\/td>\n<td>20<\/td>\n<td>-0.9660 %<\/td>\n<td>3,280.2<\/td>\n<\/tr>\n<tr>\n<td>FloatingReset<\/td>\n<td>3.59 %<\/td>\n<td>3.89 %<\/td>\n<td>58,603<\/td>\n<td>17.68<\/td>\n<td>2<\/td>\n<td>-0.1468 %<\/td>\n<td>2,760.4<\/td>\n<\/tr>\n<tr>\n<td>FixedReset Prem<\/td>\n<td>4.86 %<\/td>\n<td>4.65 %<\/td>\n<td>145,443<\/td>\n<td>1.99<\/td>\n<td>19<\/td>\n<td>0.1150 %<\/td>\n<td>2,653.8<\/td>\n<\/tr>\n<tr>\n<td>FixedReset Bank Non<\/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>-0.8059 %<\/td>\n<td>2,655.1<\/td>\n<\/tr>\n<tr>\n<td>FixedReset Ins Non<\/td>\n<td>4.42 %<\/td>\n<td>5.60 %<\/td>\n<td>82,765<\/td>\n<td>14.55<\/td>\n<td>15<\/td>\n<td>0.1347 %<\/td>\n<td>2,715.1<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<table border=\"1\">\n<tbody>\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>TRP.PR.G<\/td>\n<td>FixedReset Disc<\/td>\n<td>-43.75 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-04-12<br \/>\nMaturity Price  : 12.29<br \/>\nEvaluated at bid price : 12.29<br \/>\nBid-YTW : 10.11 %<\/td>\n<\/tr>\n<tr>\n<td>CM.PR.O<\/td>\n<td>FixedReset Disc<\/td>\n<td>-16.28 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-04-12<br \/>\nMaturity Price  : 18.00<br \/>\nEvaluated at bid price : 18.00<br \/>\nBid-YTW : 6.61 %<\/td>\n<\/tr>\n<tr>\n<td>GWO.PR.Q<\/td>\n<td>Insurance Straight<\/td>\n<td>-10.13 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-04-12<br \/>\nMaturity Price  : 21.12<br \/>\nEvaluated at bid price : 21.12<br \/>\nBid-YTW : 6.16 %<\/td>\n<\/tr>\n<tr>\n<td>IFC.PR.E<\/td>\n<td>Insurance Straight<\/td>\n<td>-2.83 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-04-12<br \/>\nMaturity Price  : 23.72<br \/>\nEvaluated at bid price : 24.00<br \/>\nBid-YTW : 5.45 %<\/td>\n<\/tr>\n<tr>\n<td>PWF.PF.A<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-2.36 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-04-12<br \/>\nMaturity Price  : 20.65<br \/>\nEvaluated at bid price : 20.65<br \/>\nBid-YTW : 5.47 %<\/td>\n<\/tr>\n<tr>\n<td>GWO.PR.Y<\/td>\n<td>Insurance Straight<\/td>\n<td>-2.35 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-04-12<br \/>\nMaturity Price  : 20.75<br \/>\nEvaluated at bid price : 20.75<br \/>\nBid-YTW : 5.47 %<\/td>\n<\/tr>\n<tr>\n<td>CCS.PR.C<\/td>\n<td>Insurance Straight<\/td>\n<td>-1.75 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-04-12<br \/>\nMaturity Price  : 23.32<br \/>\nEvaluated at bid price : 23.60<br \/>\nBid-YTW : 5.33 %<\/td>\n<\/tr>\n<tr>\n<td>IAF.PR.I<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>-1.68 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-04-12<br \/>\nMaturity Price  : 23.45<br \/>\nEvaluated at bid price : 24.00<br \/>\nBid-YTW : 5.57 %<\/td>\n<\/tr>\n<tr>\n<td>FTS.PR.H<\/td>\n<td>FixedReset Disc<\/td>\n<td>-1.60 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-04-12<br \/>\nMaturity Price  : 15.35<br \/>\nEvaluated at bid price : 15.35<br \/>\nBid-YTW : 5.99 %<\/td>\n<\/tr>\n<tr>\n<td>BIP.PR.E<\/td>\n<td>FixedReset Prem<\/td>\n<td>-1.32 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-04-12<br \/>\nMaturity Price  : 24.17<br \/>\nEvaluated at bid price : 24.62<br \/>\nBid-YTW : 5.69 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PR.M<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-1.22 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-04-12<br \/>\nMaturity Price  : 21.10<br \/>\nEvaluated at bid price : 21.10<br \/>\nBid-YTW : 5.68 %<\/td>\n<\/tr>\n<tr>\n<td>CU.PR.G<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-1.20 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-04-12<br \/>\nMaturity Price  : 21.35<br \/>\nEvaluated at bid price : 21.35<br \/>\nBid-YTW : 5.34 %<\/td>\n<\/tr>\n<tr>\n<td>PVS.PR.J<\/td>\n<td>SplitShare<\/td>\n<td>-1.14 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Hard Maturity<br \/>\nMaturity Date\t: 2028-02-29<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 24.20<br \/>\nBid-YTW : 5.15 %<\/td>\n<\/tr>\n<tr>\n<td>FTS.PR.F<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-1.11 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-04-12<br \/>\nMaturity Price  : 22.83<br \/>\nEvaluated at bid price : 23.11<br \/>\nBid-YTW : 5.36 %<\/td>\n<\/tr>\n<tr>\n<td>RY.PR.J<\/td>\n<td>FixedReset Disc<\/td>\n<td>-1.06 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-04-12<br \/>\nMaturity Price  : 22.10<br \/>\nEvaluated at bid price : 22.50<br \/>\nBid-YTW : 5.56 %<\/td>\n<\/tr>\n<tr>\n<td>PWF.PR.Z<\/td>\n<td>Perpetual-Premium<\/td>\n<td>-1.03 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-04-12<br \/>\nMaturity Price  : 22.63<br \/>\nEvaluated at bid price : 23.01<br \/>\nBid-YTW : 5.59 %<\/td>\n<\/tr>\n<tr>\n<td>CM.PR.Q<\/td>\n<td>FixedReset Disc<\/td>\n<td>1.00 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-04-12<br \/>\nMaturity Price  : 21.21<br \/>\nEvaluated at bid price : 21.21<br \/>\nBid-YTW : 5.83 %<\/td>\n<\/tr>\n<tr>\n<td>PWF.PR.S<\/td>\n<td>Perpetual-Discount<\/td>\n<td>1.15 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-04-12<br \/>\nMaturity Price  : 21.75<br \/>\nEvaluated at bid price : 22.00<br \/>\nBid-YTW : 5.46 %<\/td>\n<\/tr>\n<tr>\n<td>CU.PR.E<\/td>\n<td>Perpetual-Discount<\/td>\n<td>1.24 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-04-12<br \/>\nMaturity Price  : 22.53<br \/>\nEvaluated at bid price : 22.78<br \/>\nBid-YTW : 5.44 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PF.E<\/td>\n<td>FixedReset Disc<\/td>\n<td>1.39 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-04-12<br \/>\nMaturity Price  : 19.68<br \/>\nEvaluated at bid price : 19.68<br \/>\nBid-YTW : 6.24 %<\/td>\n<\/tr>\n<tr>\n<td>BMO.PR.T<\/td>\n<td>FixedReset Disc<\/td>\n<td>1.50 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-04-12<br \/>\nMaturity Price  : 21.38<br \/>\nEvaluated at bid price : 21.70<br \/>\nBid-YTW : 5.45 %<\/td>\n<\/tr>\n<tr>\n<td>PWF.PR.A<\/td>\n<td>Floater<\/td>\n<td>1.52 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-04-12<br \/>\nMaturity Price  : 14.72<br \/>\nEvaluated at bid price : 14.72<br \/>\nBid-YTW : 3.24 %<\/td>\n<\/tr>\n<tr>\n<td>NA.PR.W<\/td>\n<td>FixedReset Disc<\/td>\n<td>1.95 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-04-12<br \/>\nMaturity Price  : 21.57<br \/>\nEvaluated at bid price : 21.97<br \/>\nBid-YTW : 5.32 %<\/td>\n<\/tr>\n<tr>\n<td>TRP.PR.A<\/td>\n<td>FixedReset Disc<\/td>\n<td>2.33 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-04-12<br \/>\nMaturity Price  : 17.60<br \/>\nEvaluated at bid price : 17.60<br \/>\nBid-YTW : 6.24 %<\/td>\n<\/tr>\n<tr>\n<td>IFC.PR.A<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>2.45 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-04-12<br \/>\nMaturity Price  : 18.81<br \/>\nEvaluated at bid price : 18.81<br \/>\nBid-YTW : 5.77 %<\/td>\n<\/tr>\n<tr>\n<td>IFC.PR.F<\/td>\n<td>Insurance Straight<\/td>\n<td>2.50 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-04-12<br \/>\nMaturity Price  : 24.51<br \/>\nEvaluated at bid price : 25.01<br \/>\nBid-YTW : 5.32 %<\/td>\n<\/tr>\n<tr>\n<td>PWF.PR.T<\/td>\n<td>FixedReset Disc<\/td>\n<td>2.56 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-04-12<br \/>\nMaturity Price  : 21.63<br \/>\nEvaluated at bid price : 22.05<br \/>\nBid-YTW : 5.54 %<\/td>\n<\/tr>\n<tr>\n<td>PWF.PR.P<\/td>\n<td>FixedReset Disc<\/td>\n<td>2.56 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-04-12<br \/>\nMaturity Price  : 16.00<br \/>\nEvaluated at bid price : 16.00<br \/>\nBid-YTW : 5.78 %<\/td>\n<\/tr>\n<tr>\n<td>CM.PR.P<\/td>\n<td>FixedReset Disc<\/td>\n<td>2.58 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-04-12<br \/>\nMaturity Price  : 21.50<br \/>\nEvaluated at bid price : 21.50<br \/>\nBid-YTW : 5.47 %<\/td>\n<\/tr>\n<tr>\n<td>PWF.PR.K<\/td>\n<td>Perpetual-Discount<\/td>\n<td>2.78 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-04-12<br \/>\nMaturity Price  : 21.91<br \/>\nEvaluated at bid price : 22.15<br \/>\nBid-YTW : 5.59 %<\/td>\n<\/tr>\n<tr>\n<td>TRP.PR.B<\/td>\n<td>FixedReset Disc<\/td>\n<td>3.04 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-04-12<br \/>\nMaturity Price  : 13.54<br \/>\nEvaluated at bid price : 13.54<br \/>\nBid-YTW : 6.42 %<\/td>\n<\/tr>\n<tr>\n<td>TD.PF.D<\/td>\n<td>FixedReset Disc<\/td>\n<td>10.05 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-04-12<br \/>\nMaturity Price  : 21.74<br \/>\nEvaluated at bid price : 22.01<br \/>\nBid-YTW : 5.62 %<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<table border=\"1\">\n<tbody>\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 \/>\nTraded<\/td>\n<td>Notes<\/td>\n<\/tr>\n<tr>\n<td>CU.PR.J<\/td>\n<td>Perpetual-Discount<\/td>\n<td>579,800<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-04-12<br \/>\nMaturity Price  : 21.62<br \/>\nEvaluated at bid price : 21.95<br \/>\nBid-YTW : 5.47 %<\/td>\n<\/tr>\n<tr>\n<td>GWO.PR.S<\/td>\n<td>Insurance Straight<\/td>\n<td>263,700<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-04-12<br \/>\nMaturity Price  : 23.27<br \/>\nEvaluated at bid price : 23.52<br \/>\nBid-YTW : 5.62 %<\/td>\n<\/tr>\n<tr>\n<td>TD.PF.J<\/td>\n<td>FixedReset Disc<\/td>\n<td>54,300<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-04-12<br \/>\nMaturity Price  : 23.69<br \/>\nEvaluated at bid price : 24.20<br \/>\nBid-YTW : 5.44 %<\/td>\n<\/tr>\n<tr>\n<td>TRP.PR.F<\/td>\n<td>FloatingReset<\/td>\n<td>51,905<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-04-12<br \/>\nMaturity Price  : 17.45<br \/>\nEvaluated at bid price : 17.45<br \/>\nBid-YTW : 3.89 %<\/td>\n<\/tr>\n<tr>\n<td>BMO.PR.W<\/td>\n<td>FixedReset Disc<\/td>\n<td>39,700<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-04-12<br \/>\nMaturity Price  : 21.41<br \/>\nEvaluated at bid price : 21.75<br \/>\nBid-YTW : 5.44 %<\/td>\n<\/tr>\n<tr>\n<td>PVS.PR.K<\/td>\n<td>SplitShare<\/td>\n<td>13,100<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Hard Maturity<br \/>\nMaturity Date\t: 2029-05-31<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 24.65<br \/>\nBid-YTW : 4.73 %<\/td>\n<\/tr>\n<tr>\n<td colspan=\"4\">There were 5 other index-included issues trading in excess of 10,000 shares.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<table border=\"1\">\n<tbody>\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>TRP.PR.G<\/td>\n<td>FixedReset Disc<\/td>\n<td>Quote: 12.29 &#8211; 22.00<br \/>\nSpot Rate  :  9.7100<br \/>\nAverage  :  5.1874<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-04-12<br \/>\nMaturity Price  : 12.29<br \/>\nEvaluated at bid price : 12.29<br \/>\nBid-YTW : 10.11 %<\/td>\n<\/tr>\n<tr>\n<td>CM.PR.O<\/td>\n<td>FixedReset Disc<\/td>\n<td>Quote: 18.00 &#8211; 22.00<br \/>\nSpot Rate  :  4.0000<br \/>\nAverage  :  2.3088<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-04-12<br \/>\nMaturity Price  : 18.00<br \/>\nEvaluated at bid price : 18.00<br \/>\nBid-YTW : 6.61 %<\/td>\n<\/tr>\n<tr>\n<td>GWO.PR.Q<\/td>\n<td>Insurance Straight<\/td>\n<td>Quote: 21.12 &#8211; 23.50<br \/>\nSpot Rate  :  2.3800<br \/>\nAverage  :  1.7220<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-04-12<br \/>\nMaturity Price  : 21.12<br \/>\nEvaluated at bid price : 21.12<br \/>\nBid-YTW : 6.16 %<\/td>\n<\/tr>\n<tr>\n<td>SLF.PR.H<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>Quote: 19.30 &#8211; 21.50<br \/>\nSpot Rate  :  2.2000<br \/>\nAverage  :  1.5823<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-04-12<br \/>\nMaturity Price  : 19.30<br \/>\nEvaluated at bid price : 19.30<br \/>\nBid-YTW : 5.63 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PR.E<\/td>\n<td>Ratchet<\/td>\n<td>Quote: 18.99 &#8211; 20.45<br \/>\nSpot Rate  :  1.4600<br \/>\nAverage  :  1.0140<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-04-12<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 18.99<br \/>\nBid-YTW : 3.95 %<\/td>\n<\/tr>\n<tr>\n<td>POW.PR.B<\/td>\n<td>Perpetual-Premium<\/td>\n<td>Quote: 24.01 &#8211; 25.10<br \/>\nSpot Rate  :  1.0900<br \/>\nAverage  :  0.6976<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-04-12<br \/>\nMaturity Price  : 23.70<br \/>\nEvaluated at bid price : 24.01<br \/>\nBid-YTW : 5.59 %<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><a href=\"https:\/\/prefblog.com\/?p=43268#comment-198443\"><i><\/i><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>So US inflation was exciting: Inflation soared over the past year at its fastest pace in more than 40 years, with costs for food, gasoline, housing and other necessities squeezing American consumers and wiping out &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-43270","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/43270","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=43270"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/43270\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=43270"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=43270"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=43270"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}