{"id":43342,"date":"2022-04-29T20:54:50","date_gmt":"2022-04-30T01:54:50","guid":{"rendered":"https:\/\/prefblog.com\/?p=43342"},"modified":"2022-04-29T20:54:50","modified_gmt":"2022-04-30T01:54:50","slug":"april-29-2022","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=43342","title":{"rendered":"April 29, 2022"},"content":{"rendered":"
<\/a><\/div>\n

TXPR closed at 624.82<\/a>, up 0.80% on the day. Volume today was 1.51-million, well below the median of the past 21 trading days. Today’s fine performance, following yesterday<\/a>‘s bounce, regains lost ground all the way back to, um, late Monday<\/a> afternoon.<\/p>\n

CPD closed at 12.40<\/a>, up 0.08% on the day. Volume was 147,220, well above the median of the past 21 trading days.<\/p>\n

ZPR closed at 10.35<\/a> down 0.10% on the day. Volume of 444,010 was second-highest of the past 21 trading days, behind only April 7<\/a>.<\/p>\n

Five-year Canada yields were up 9bp to 2.77%<\/a> today.<\/p>\n

The furor in the comments<\/a> regarding politics on PrefBlog got me interested in learning more about the National Legal and Policy Center, which is making quite a fuss<\/a> at many annual meetings this year. They have a fair sized Wikipedia entry<\/a> that has not attracted much controversy (according to the rate of edits), but which concentrates on their activities with political ethics.<\/p>\n

It looks like something has changed, though, since their website homepage<\/a> is dominated by notices of their annual meeting challenges to corporations, which tells you something about where their donations are coming from (or ‘what they are being paid to say’. Take your pick).<\/p>\n

I find this explicit political targetting of corporations to be really scary, given that Florida Republicans feel that there is some hay to be made in attacking them. I like to look at the Instagram political pages to get an idea of what the lunatic fringes are talking about and the loony right is absolutely thrilled with the assault on Disney.<\/p>\n

So anyway, I posted about their remarks at the Wells Fargo meeting because I thought it was (i) interesting enough and (ii) obscure enough and (iii) funny enough to justify the minor digression. I mean, how can one read a statement like:<\/p>\n

At Wells Fargo, the top arranger of loans to fossil-fuel companies last year, an activist chided the bank for donating to groups fighting climate change, \u201cwhich is just Marxism dressed up as environmentalism.\u201d<\/p><\/blockquote>\n

without snickering?<\/p>\n

Or maybe people were just upset I mentioned the incredibly loose fiscal policy embodied in the Progressive Conservative’s election budget. It wasn’t really all that clear.<\/p>\n

But anyway, April’s over, after delivering a 7.9% hit (as of the close yesterday; maybe 7.2% for the month but the TXPR TRIV is not yet available) [Update<\/b>: The TXPR TRIV was 1765.52 at month-end<\/a>, indicating a total return of -7.04% on the month]<\/i>. Very strange, considering the abundance of FixedReset (Discount) issues and the 30-odd bp increase in the Five-Year Canada rate through the period. But then, if the preferred share market wasn’t strange, it would be boring!<\/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>\n3.81 %<\/td>\n4.51 %<\/td>\n25,397<\/td>\n18.53<\/td>\n1<\/td>\n-0.6772 %<\/td>\n2,507.2<\/td>\n<\/tr>\n
FixedFloater<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.4326 %<\/td>\n4,857.0<\/td>\n<\/tr>\n
Floater<\/td>\n4.19 %<\/td>\n4.21 %<\/td>\n37,313<\/td>\n16.97<\/td>\n4<\/td>\n0.4326 %<\/td>\n2,799.1<\/td>\n<\/tr>\n
OpRet<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.3223 %<\/td>\n3,562.0<\/td>\n<\/tr>\n
SplitShare<\/td>\n4.71 %<\/td>\n4.95 %<\/td>\n48,727<\/td>\n3.45<\/td>\n6<\/td>\n-0.3223 %<\/td>\n4,253.8<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.3223 %<\/td>\n3,319.0<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.76 %<\/td>\n5.85 %<\/td>\n77,323<\/td>\n14.07<\/td>\n16<\/td>\n0.4149 %<\/td>\n2,965.3<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n5.76 %<\/td>\n5.84 %<\/td>\n67,854<\/td>\n14.12<\/td>\n17<\/td>\n0.7693 %<\/td>\n3,219.3<\/td>\n<\/tr>\n
FixedReset Disc<\/td>\n4.59 %<\/td>\n5.94 %<\/td>\n130,933<\/td>\n14.32<\/td>\n49<\/td>\n1.4952 %<\/td>\n2,503.8<\/td>\n<\/tr>\n
Insurance Straight<\/td>\n5.66 %<\/td>\n5.77 %<\/td>\n106,568<\/td>\n14.19<\/td>\n20<\/td>\n1.1195 %<\/td>\n3,172.0<\/td>\n<\/tr>\n
FloatingReset<\/td>\n4.71 %<\/td>\n4.93 %<\/td>\n70,775<\/td>\n15.62<\/td>\n2<\/td>\n1.2056 %<\/td>\n2,589.2<\/td>\n<\/tr>\n
FixedReset Prem<\/td>\n4.92 %<\/td>\n4.81 %<\/td>\n150,347<\/td>\n2.12<\/td>\n19<\/td>\n0.3010 %<\/td>\n2,622.7<\/td>\n<\/tr>\n
FixedReset Bank Non<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n1.4952 %<\/td>\n2,559.4<\/td>\n<\/tr>\n
FixedReset Ins Non<\/td>\n4.65 %<\/td>\n5.97 %<\/td>\n86,018<\/td>\n14.01<\/td>\n15<\/td>\n0.6095 %<\/td>\n2,583.3<\/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
Performance Highlights<\/strong><\/td>\n<\/tr>\n
Issue<\/td>\nIndex<\/td>\nChange<\/td>\nNotes<\/td>\n<\/tr>\n
MFC.PR.F<\/td>\nFixedReset Ins Non<\/td>\n-2.98 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-29
\nMaturity Price : 14.33
\nEvaluated at bid price : 14.33
\nBid-YTW : 6.44 %<\/td>\n<\/tr>\n
TRP.PR.B<\/td>\nFixedReset Disc<\/td>\n-2.68 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-29
\nMaturity Price : 12.70
\nEvaluated at bid price : 12.70
\nBid-YTW : 6.94 %<\/td>\n<\/tr>\n
PWF.PF.A<\/td>\nPerpetual-Discount<\/td>\n-2.68 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-29
\nMaturity Price : 20.00
\nEvaluated at bid price : 20.00
\nBid-YTW : 5.66 %<\/td>\n<\/tr>\n
BAM.PR.R<\/td>\nFixedReset Disc<\/td>\n-1.31 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-29
\nMaturity Price : 17.34
\nEvaluated at bid price : 17.34
\nBid-YTW : 6.60 %<\/td>\n<\/tr>\n
PVS.PR.I<\/td>\nSplitShare<\/td>\n-1.18 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-10-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.10
\nBid-YTW : 4.86 %<\/td>\n<\/tr>\n
CM.PR.Q<\/td>\nFixedReset Disc<\/td>\n-1.17 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-29
\nMaturity Price : 21.05
\nEvaluated at bid price : 21.05
\nBid-YTW : 5.96 %<\/td>\n<\/tr>\n
BAM.PF.J<\/td>\nFixedReset Prem<\/td>\n1.04 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-29
\nMaturity Price : 23.66
\nEvaluated at bid price : 24.30
\nBid-YTW : 5.95 %<\/td>\n<\/tr>\n
RY.PR.N<\/td>\nPerpetual-Premium<\/td>\n1.09 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-29
\nMaturity Price : 22.98
\nEvaluated at bid price : 23.25
\nBid-YTW : 5.26 %<\/td>\n<\/tr>\n
CU.PR.H<\/td>\nPerpetual-Premium<\/td>\n1.16 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-29
\nMaturity Price : 22.37
\nEvaluated at bid price : 22.77
\nBid-YTW : 5.85 %<\/td>\n<\/tr>\n
TD.PF.M<\/td>\nFixedReset Prem<\/td>\n1.16 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2024-07-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.20
\nBid-YTW : 4.74 %<\/td>\n<\/tr>\n
BAM.PF.B<\/td>\nFixedReset Disc<\/td>\n1.18 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-29
\nMaturity Price : 20.50
\nEvaluated at bid price : 20.50
\nBid-YTW : 6.43 %<\/td>\n<\/tr>\n
ELF.PR.F<\/td>\nPerpetual-Discount<\/td>\n1.19 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-29
\nMaturity Price : 22.62
\nEvaluated at bid price : 22.87
\nBid-YTW : 5.84 %<\/td>\n<\/tr>\n
PWF.PR.E<\/td>\nPerpetual-Premium<\/td>\n1.20 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-29
\nMaturity Price : 23.32
\nEvaluated at bid price : 23.60
\nBid-YTW : 5.85 %<\/td>\n<\/tr>\n
BIP.PR.F<\/td>\nFixedReset Prem<\/td>\n1.21 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2023-12-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.05
\nBid-YTW : 5.25 %<\/td>\n<\/tr>\n
FTS.PR.K<\/td>\nFixedReset Disc<\/td>\n1.22 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-29
\nMaturity Price : 18.32
\nEvaluated at bid price : 18.32
\nBid-YTW : 6.44 %<\/td>\n<\/tr>\n
BMO.PR.Y<\/td>\nFixedReset Disc<\/td>\n1.24 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-29
\nMaturity Price : 21.07
\nEvaluated at bid price : 21.07
\nBid-YTW : 5.87 %<\/td>\n<\/tr>\n
GWO.PR.L<\/td>\nInsurance Straight<\/td>\n1.25 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-29
\nMaturity Price : 24.05
\nEvaluated at bid price : 24.30
\nBid-YTW : 5.87 %<\/td>\n<\/tr>\n
NA.PR.E<\/td>\nFixedReset Disc<\/td>\n1.26 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-29
\nMaturity Price : 21.99
\nEvaluated at bid price : 22.58
\nBid-YTW : 5.77 %<\/td>\n<\/tr>\n
BAM.PF.A<\/td>\nFixedReset Disc<\/td>\n1.26 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-29
\nMaturity Price : 21.89
\nEvaluated at bid price : 22.43
\nBid-YTW : 6.22 %<\/td>\n<\/tr>\n
IAF.PR.G<\/td>\nFixedReset Ins Non<\/td>\n1.27 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-29
\nMaturity Price : 22.70
\nEvaluated at bid price : 23.85
\nBid-YTW : 5.81 %<\/td>\n<\/tr>\n
BAM.PF.G<\/td>\nFixedReset Disc<\/td>\n1.29 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-29
\nMaturity Price : 19.65
\nEvaluated at bid price : 19.65
\nBid-YTW : 6.52 %<\/td>\n<\/tr>\n
BAM.PR.T<\/td>\nFixedReset Disc<\/td>\n1.30 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-29
\nMaturity Price : 17.86
\nEvaluated at bid price : 17.86
\nBid-YTW : 6.56 %<\/td>\n<\/tr>\n
FTS.PR.M<\/td>\nFixedReset Disc<\/td>\n1.38 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-29
\nMaturity Price : 19.79
\nEvaluated at bid price : 19.79
\nBid-YTW : 6.37 %<\/td>\n<\/tr>\n
TD.PF.K<\/td>\nFixedReset Disc<\/td>\n1.57 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-29
\nMaturity Price : 22.32
\nEvaluated at bid price : 22.70
\nBid-YTW : 5.76 %<\/td>\n<\/tr>\n
MFC.PR.J<\/td>\nFixedReset Ins Non<\/td>\n1.66 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-29
\nMaturity Price : 22.07
\nEvaluated at bid price : 22.70
\nBid-YTW : 5.85 %<\/td>\n<\/tr>\n
CU.PR.J<\/td>\nPerpetual-Discount<\/td>\n1.67 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-29
\nMaturity Price : 20.70
\nEvaluated at bid price : 20.70
\nBid-YTW : 5.84 %<\/td>\n<\/tr>\n
CU.PR.G<\/td>\nPerpetual-Discount<\/td>\n1.79 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-29
\nMaturity Price : 19.85
\nEvaluated at bid price : 19.85
\nBid-YTW : 5.77 %<\/td>\n<\/tr>\n
BAM.PR.Z<\/td>\nFixedReset Disc<\/td>\n1.82 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-29
\nMaturity Price : 21.89
\nEvaluated at bid price : 22.40
\nBid-YTW : 6.31 %<\/td>\n<\/tr>\n
GWO.PR.T<\/td>\nInsurance Straight<\/td>\n1.83 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-29
\nMaturity Price : 21.98
\nEvaluated at bid price : 22.25
\nBid-YTW : 5.84 %<\/td>\n<\/tr>\n
IFC.PR.A<\/td>\nFixedReset Ins Non<\/td>\n1.83 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-29
\nMaturity Price : 18.35
\nEvaluated at bid price : 18.35
\nBid-YTW : 6.02 %<\/td>\n<\/tr>\n
GWO.PR.S<\/td>\nInsurance Straight<\/td>\n1.84 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-29
\nMaturity Price : 22.26
\nEvaluated at bid price : 22.70
\nBid-YTW : 5.83 %<\/td>\n<\/tr>\n
BMO.PR.S<\/td>\nFixedReset Disc<\/td>\n1.84 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-29
\nMaturity Price : 21.35
\nEvaluated at bid price : 21.35
\nBid-YTW : 5.72 %<\/td>\n<\/tr>\n
BAM.PF.H<\/td>\nFixedReset Prem<\/td>\n1.86 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2025-12-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 24.65
\nBid-YTW : 5.58 %<\/td>\n<\/tr>\n
BMO.PR.E<\/td>\nFixedReset Disc<\/td>\n1.97 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-29
\nMaturity Price : 22.79
\nEvaluated at bid price : 23.20
\nBid-YTW : 5.72 %<\/td>\n<\/tr>\n
BAM.PF.D<\/td>\nPerpetual-Discount<\/td>\n2.00 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-29
\nMaturity Price : 20.86
\nEvaluated at bid price : 20.86
\nBid-YTW : 5.95 %<\/td>\n<\/tr>\n
GWO.PR.G<\/td>\nInsurance Straight<\/td>\n2.03 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-29
\nMaturity Price : 22.33
\nEvaluated at bid price : 22.60
\nBid-YTW : 5.81 %<\/td>\n<\/tr>\n
CU.PR.F<\/td>\nPerpetual-Discount<\/td>\n2.04 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-29
\nMaturity Price : 19.97
\nEvaluated at bid price : 19.97
\nBid-YTW : 5.74 %<\/td>\n<\/tr>\n
TRP.PR.F<\/td>\nFloatingReset<\/td>\n2.14 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-29
\nMaturity Price : 16.70
\nEvaluated at bid price : 16.70
\nBid-YTW : 4.93 %<\/td>\n<\/tr>\n
IAF.PR.B<\/td>\nInsurance Straight<\/td>\n2.16 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-29
\nMaturity Price : 21.25
\nEvaluated at bid price : 21.25
\nBid-YTW : 5.48 %<\/td>\n<\/tr>\n
POW.PR.B<\/td>\nPerpetual-Premium<\/td>\n2.17 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-29
\nMaturity Price : 22.77
\nEvaluated at bid price : 23.05
\nBid-YTW : 5.85 %<\/td>\n<\/tr>\n
MFC.PR.M<\/td>\nFixedReset Ins Non<\/td>\n2.21 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-29
\nMaturity Price : 19.93
\nEvaluated at bid price : 19.93
\nBid-YTW : 6.15 %<\/td>\n<\/tr>\n
BAM.PR.C<\/td>\nFloater<\/td>\n2.21 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-29
\nMaturity Price : 13.40
\nEvaluated at bid price : 13.40
\nBid-YTW : 4.21 %<\/td>\n<\/tr>\n
TD.PF.B<\/td>\nFixedReset Disc<\/td>\n2.24 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-29
\nMaturity Price : 20.55
\nEvaluated at bid price : 20.55
\nBid-YTW : 5.83 %<\/td>\n<\/tr>\n
TD.PF.A<\/td>\nFixedReset Disc<\/td>\n2.24 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-29
\nMaturity Price : 20.55
\nEvaluated at bid price : 20.55
\nBid-YTW : 5.77 %<\/td>\n<\/tr>\n
GWO.PR.H<\/td>\nInsurance Straight<\/td>\n2.24 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-29
\nMaturity Price : 20.96
\nEvaluated at bid price : 20.96
\nBid-YTW : 5.86 %<\/td>\n<\/tr>\n
BAM.PF.F<\/td>\nFixedReset Disc<\/td>\n2.25 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-29
\nMaturity Price : 20.45
\nEvaluated at bid price : 20.45
\nBid-YTW : 6.57 %<\/td>\n<\/tr>\n
RY.PR.J<\/td>\nFixedReset Disc<\/td>\n2.35 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-29
\nMaturity Price : 21.45
\nEvaluated at bid price : 21.80
\nBid-YTW : 5.75 %<\/td>\n<\/tr>\n
CU.PR.C<\/td>\nFixedReset Disc<\/td>\n2.36 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-29
\nMaturity Price : 21.42
\nEvaluated at bid price : 21.70
\nBid-YTW : 5.94 %<\/td>\n<\/tr>\n
BMO.PR.W<\/td>\nFixedReset Disc<\/td>\n2.42 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-29
\nMaturity Price : 20.55
\nEvaluated at bid price : 20.55
\nBid-YTW : 5.78 %<\/td>\n<\/tr>\n
TD.PF.C<\/td>\nFixedReset Disc<\/td>\n2.43 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-29
\nMaturity Price : 20.64
\nEvaluated at bid price : 20.64
\nBid-YTW : 5.78 %<\/td>\n<\/tr>\n
PWF.PR.S<\/td>\nPerpetual-Discount<\/td>\n2.44 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-29
\nMaturity Price : 21.00
\nEvaluated at bid price : 21.00
\nBid-YTW : 5.75 %<\/td>\n<\/tr>\n
BAM.PR.X<\/td>\nFixedReset Disc<\/td>\n2.44 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-29
\nMaturity Price : 17.60
\nEvaluated at bid price : 17.60
\nBid-YTW : 6.45 %<\/td>\n<\/tr>\n
CM.PR.P<\/td>\nFixedReset Disc<\/td>\n2.46 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-29
\nMaturity Price : 20.83
\nEvaluated at bid price : 20.83
\nBid-YTW : 5.73 %<\/td>\n<\/tr>\n
TRP.PR.E<\/td>\nFixedReset Disc<\/td>\n2.49 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-29
\nMaturity Price : 18.50
\nEvaluated at bid price : 18.50
\nBid-YTW : 6.57 %<\/td>\n<\/tr>\n
TD.PF.D<\/td>\nFixedReset Disc<\/td>\n2.61 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-29
\nMaturity Price : 21.34
\nEvaluated at bid price : 21.65
\nBid-YTW : 5.79 %<\/td>\n<\/tr>\n
MFC.PR.C<\/td>\nInsurance Straight<\/td>\n2.62 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-29
\nMaturity Price : 20.78
\nEvaluated at bid price : 20.78
\nBid-YTW : 5.49 %<\/td>\n<\/tr>\n
TRP.PR.D<\/td>\nFixedReset Disc<\/td>\n2.74 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-29
\nMaturity Price : 18.75
\nEvaluated at bid price : 18.75
\nBid-YTW : 6.60 %<\/td>\n<\/tr>\n
RY.PR.Z<\/td>\nFixedReset Disc<\/td>\n2.99 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-29
\nMaturity Price : 21.01
\nEvaluated at bid price : 21.01
\nBid-YTW : 5.67 %<\/td>\n<\/tr>\n
RY.PR.S<\/td>\nFixedReset Disc<\/td>\n3.26 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-29
\nMaturity Price : 23.39
\nEvaluated at bid price : 23.75
\nBid-YTW : 5.29 %<\/td>\n<\/tr>\n
RY.PR.M<\/td>\nFixedReset Disc<\/td>\n3.26 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-29
\nMaturity Price : 20.88
\nEvaluated at bid price : 20.88
\nBid-YTW : 5.78 %<\/td>\n<\/tr>\n
CM.PR.S<\/td>\nFixedReset Disc<\/td>\n3.34 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-29
\nMaturity Price : 22.60
\nEvaluated at bid price : 23.20
\nBid-YTW : 5.50 %<\/td>\n<\/tr>\n
RY.PR.H<\/td>\nFixedReset Disc<\/td>\n3.35 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-29
\nMaturity Price : 21.00
\nEvaluated at bid price : 21.00
\nBid-YTW : 5.69 %<\/td>\n<\/tr>\n
TRP.PR.A<\/td>\nFixedReset Disc<\/td>\n3.62 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-29
\nMaturity Price : 17.18
\nEvaluated at bid price : 17.18
\nBid-YTW : 6.50 %<\/td>\n<\/tr>\n
CM.PR.O<\/td>\nFixedReset Disc<\/td>\n4.75 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-29
\nMaturity Price : 20.95
\nEvaluated at bid price : 20.95
\nBid-YTW : 5.78 %<\/td>\n<\/tr>\n
MFC.PR.B<\/td>\nInsurance Straight<\/td>\n5.03 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-29
\nMaturity Price : 21.30
\nEvaluated at bid price : 21.30
\nBid-YTW : 5.54 %<\/td>\n<\/tr>\n
BNS.PR.I<\/td>\nFixedReset Disc<\/td>\n6.40 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-29
\nMaturity Price : 23.07
\nEvaluated at bid price : 23.45
\nBid-YTW : 5.44 %<\/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
TD.PF.B<\/td>\nFixedReset Disc<\/td>\n58,275<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-29
\nMaturity Price : 20.55
\nEvaluated at bid price : 20.55
\nBid-YTW : 5.83 %<\/td>\n<\/tr>\n
TD.PF.A<\/td>\nFixedReset Disc<\/td>\n51,401<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-29
\nMaturity Price : 20.55
\nEvaluated at bid price : 20.55
\nBid-YTW : 5.77 %<\/td>\n<\/tr>\n
NA.PR.W<\/td>\nFixedReset Disc<\/td>\n44,328<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-29
\nMaturity Price : 20.00
\nEvaluated at bid price : 20.00
\nBid-YTW : 5.96 %<\/td>\n<\/tr>\n
RY.PR.M<\/td>\nFixedReset Disc<\/td>\n39,160<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-29
\nMaturity Price : 20.88
\nEvaluated at bid price : 20.88
\nBid-YTW : 5.78 %<\/td>\n<\/tr>\n
CM.PR.R<\/td>\nFixedReset Prem<\/td>\n34,174<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2022-07-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 24.98
\nBid-YTW : 4.81 %<\/td>\n<\/tr>\n
FTS.PR.J<\/td>\nPerpetual-Discount<\/td>\n31,184<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-29
\nMaturity Price : 21.24
\nEvaluated at bid price : 21.24
\nBid-YTW : 5.69 %<\/td>\n<\/tr>\n
There were 13 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
GWO.PR.N<\/td>\nFixedReset Ins Non<\/td>\nQuote: 14.03 – 16.00
\nSpot Rate : 1.9700
\nAverage : 1.1722<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-29
\nMaturity Price : 14.03
\nEvaluated at bid price : 14.03
\nBid-YTW : 6.26 %<\/td>\n<\/tr>\n

NA.PR.S<\/td>\nFixedReset Disc<\/td>\nQuote: 20.50 – 22.22
\nSpot Rate : 1.7200
\nAverage : 1.2293<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-29
\nMaturity Price : 20.50
\nEvaluated at bid price : 20.50
\nBid-YTW : 6.06 %<\/td>\n<\/tr>\n

SLF.PR.J<\/td>\nFloatingReset<\/td>\nQuote: 15.20 – 17.00
\nSpot Rate : 1.8000
\nAverage : 1.3687<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-29
\nMaturity Price : 15.20
\nEvaluated at bid price : 15.20
\nBid-YTW : 4.56 %<\/td>\n<\/tr>\n

PVS.PR.I<\/td>\nSplitShare<\/td>\nQuote: 25.10 – 27.35
\nSpot Rate : 2.2500
\nAverage : 1.8256<\/p>\n

YTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-10-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.10
\nBid-YTW : 4.86 %<\/td>\n<\/tr>\n

TRP.PR.G<\/td>\nFixedReset Disc<\/td>\nQuote: 20.25 – 21.55
\nSpot Rate : 1.3000
\nAverage : 0.9278<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-29
\nMaturity Price : 20.25
\nEvaluated at bid price : 20.25
\nBid-YTW : 6.31 %<\/td>\n<\/tr>\n

TD.PF.E<\/td>\nFixedReset Disc<\/td>\nQuote: 21.50 – 23.23
\nSpot Rate : 1.7300
\nAverage : 1.4102<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-04-29
\nMaturity Price : 21.50
\nEvaluated at bid price : 21.50
\nBid-YTW : 5.89 %<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

<\/a><\/i><\/a><\/i><\/p>\n","protected":false},"excerpt":{"rendered":"

TXPR closed at 624.82, up 0.80% on the day. Volume today was 1.51-million, well below the median of the past 21 trading days. Today’s fine performance, following yesterday‘s bounce, regains lost ground all the way …<\/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-43342","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/43342","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=43342"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/43342\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=43342"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=43342"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=43342"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}