{"id":43437,"date":"2022-05-18T20:40:53","date_gmt":"2022-05-19T01:40:53","guid":{"rendered":"https:\/\/prefblog.com\/?p=43437"},"modified":"2022-05-18T20:40:53","modified_gmt":"2022-05-19T01:40:53","slug":"may-18-2022","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=43437","title":{"rendered":"May 18, 2022"},"content":{"rendered":"<p>Canadian inflation hit a <a href=\"https:\/\/www.theglobeandmail.com\/business\/article-canada-inflation-rate-31-year-high-april-2022\/\">new 31-year high<\/a>:<\/p>\n<blockquote><p>The Consumer Price Index rose 6.8 per cent in April from a year earlier, Statistics Canada said Wednesday, edging up from 6.7 per cent the previous month. It was the latest in a string of troublesome reports: Also on Wednesday, Britain said its inflation rate hit a 40-year high of 9 per cent, while in the United States it hit 8.3 per cent last week.<\/p>\n<p>On a monthly basis, consumer prices rose 0.6 per cent. The average of the Bank of Canada\u2019s core measures of inflation \u2013 which strip out volatile items, such as gasoline, and give a better sense of underlying price pressures \u2013 jumped to 4.2 per cent from 3.9 per cent.<\/p>\n<p>The inflationary surge is a financial stress for many households. In April, the average hourly wage rose 3.3 per cent on an annual basis, or much lower than inflation \u2013 meaning, the average worker is seeing their purchasing power decline, a trend in place for several months.<br \/>\n<b>&#8230;<\/b><br \/>\nHouseholds paid nearly 10 per cent more for groceries, the steepest annual gain since 1981. Statscan noted that gains are \u201cbroad-based, with consumers paying more for nearly everything at the grocery store.\u201d Over the past year, the price of pasta has risen nearly 20 per cent, fresh fruit by 10 per cent and coffee by around 14 per cent.<\/p>\n<p>Housing was another source of pain. Shelter costs rose 7.4 per cent on an annual basis, the highest in nearly four decades. In part, that was due to sharply higher prices for energy to heat homes. Rents rose 4.5 per cent, with larger gains in Ontario and British Columbia.<\/p>\n<p>Gasoline prices fell slightly in April, although were up 36 per cent from a year earlier. With the average price of gas soaring above $2 a litre this week in Canada, energy should continue to put upward pressure on inflation, which could hit 7 per cent shortly, Mr. Mendes said.<\/p><\/blockquote>\n<p>In Britain, <a href=\"https:\/\/www.bbc.com\/news\/business-61483175\">energy was the culprit<\/a>:<\/p>\n<blockquote><p>UK inflation, the rate at which prices rise, jumped to 9% in the 12 months to April, up from 7% in March.<\/p>\n<p>The surge came as millions of people saw an unprecedented \u00a3700-a-year increase in energy costs last month.<\/p>\n<p>Higher fuel and food prices, driven by the Ukraine war, are also pushing the cost of living up, with inflation expected to continue to rise this year.<\/p>\n<p>Citizens Advice said &#8220;the warning lights could not be flashing brighter&#8221; for the government to offer more support for households, and debt charities urged anyone finding it difficult to pay bills to seek help earlier rather than later in the year.<\/p>\n<p>Around three quarters of the rise in inflation in April came from higher electricity and gas bills, according to the Office for National Statistics (ONS).<\/p><\/blockquote>\n<p>PerpetualDiscounts now yield 5.89%, equivalent to 7.66% 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 4.97%, so the pre-tax interest-equivalent spread (in this context, the \u201cSeniority Spread\u201d) has narrowed to 270bp from the 280bp reported  <a href=\"https:\/\/prefblog.com\/?p=43410\">May 11<\/a>.<\/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>3.94 %<\/td>\n<td>4.63 %<\/td>\n<td>20,520<\/td>\n<td>18.17<\/td>\n<td>1<\/td>\n<td>0.1128 %<\/td>\n<td>2,528.6<\/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>-2.4079 %<\/td>\n<td>4,877.8<\/td>\n<\/tr>\n<tr>\n<td>Floater<\/td>\n<td>4.23 %<\/td>\n<td>4.22 %<\/td>\n<td>44,905<\/td>\n<td>16.92<\/td>\n<td>3<\/td>\n<td>-2.4079 %<\/td>\n<td>2,811.1<\/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>0.1253 %<\/td>\n<td>3,501.2<\/td>\n<\/tr>\n<tr>\n<td>SplitShare<\/td>\n<td>4.86 %<\/td>\n<td>5.53 %<\/td>\n<td>38,907<\/td>\n<td>3.26<\/td>\n<td>8<\/td>\n<td>0.1253 %<\/td>\n<td>4,181.2<\/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>0.1253 %<\/td>\n<td>3,262.3<\/td>\n<\/tr>\n<tr>\n<td>Perpetual-Premium<\/td>\n<td>5.90 %<\/td>\n<td>5.95 %<\/td>\n<td>63,306<\/td>\n<td>13.94<\/td>\n<td>1<\/td>\n<td>-0.5964 %<\/td>\n<td>2,958.2<\/td>\n<\/tr>\n<tr>\n<td>Perpetual-Discount<\/td>\n<td>5.79 %<\/td>\n<td>5.89 %<\/td>\n<td>66,211<\/td>\n<td>14.01<\/td>\n<td>35<\/td>\n<td>-0.2485 %<\/td>\n<td>3,206.0<\/td>\n<\/tr>\n<tr>\n<td>FixedReset Disc<\/td>\n<td>4.57 %<\/td>\n<td>5.90 %<\/td>\n<td>128,948<\/td>\n<td>14.05<\/td>\n<td>59<\/td>\n<td>0.0440 %<\/td>\n<td>2,536.8<\/td>\n<\/tr>\n<tr>\n<td>Insurance Straight<\/td>\n<td>5.73 %<\/td>\n<td>5.88 %<\/td>\n<td>93,441<\/td>\n<td>13.98<\/td>\n<td>20<\/td>\n<td>-0.6543 %<\/td>\n<td>3,128.5<\/td>\n<\/tr>\n<tr>\n<td>FloatingReset<\/td>\n<td>4.57 %<\/td>\n<td>4.86 %<\/td>\n<td>59,341<\/td>\n<td>15.69<\/td>\n<td>2<\/td>\n<td>-0.4544 %<\/td>\n<td>2,667.1<\/td>\n<\/tr>\n<tr>\n<td>FixedReset Prem<\/td>\n<td>5.11 %<\/td>\n<td>5.28 %<\/td>\n<td>134,677<\/td>\n<td>2.07<\/td>\n<td>9<\/td>\n<td>0.0402 %<\/td>\n<td>2,579.5<\/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>0.0440 %<\/td>\n<td>2,593.1<\/td>\n<\/tr>\n<tr>\n<td>FixedReset Ins Non<\/td>\n<td>4.45 %<\/td>\n<td>5.86 %<\/td>\n<td>78,152<\/td>\n<td>14.18<\/td>\n<td>15<\/td>\n<td>0.3361 %<\/td>\n<td>2,699.1<\/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>BAM.PR.K<\/td>\n<td>Floater<\/td>\n<td>-5.56 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-05-18<br \/>\nMaturity Price  : 12.75<br \/>\nEvaluated at bid price : 12.75<br \/>\nBid-YTW : 4.44 %<\/td>\n<\/tr>\n<tr>\n<td>BMO.PR.W<\/td>\n<td>FixedReset Disc<\/td>\n<td>-4.39 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-05-18<br \/>\nMaturity Price  : 20.05<br \/>\nEvaluated at bid price : 20.05<br \/>\nBid-YTW : 6.08 %<\/td>\n<\/tr>\n<tr>\n<td>FTS.PR.K<\/td>\n<td>FixedReset Disc<\/td>\n<td>-3.45 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-05-18<br \/>\nMaturity Price  : 18.20<br \/>\nEvaluated at bid price : 18.20<br \/>\nBid-YTW : 6.57 %<\/td>\n<\/tr>\n<tr>\n<td>NA.PR.S<\/td>\n<td>FixedReset Disc<\/td>\n<td>-3.04 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-05-18<br \/>\nMaturity Price  : 20.75<br \/>\nEvaluated at bid price : 20.75<br \/>\nBid-YTW : 6.15 %<\/td>\n<\/tr>\n<tr>\n<td>CCS.PR.C<\/td>\n<td>Insurance Straight<\/td>\n<td>-2.08 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-05-18<br \/>\nMaturity Price  : 21.84<br \/>\nEvaluated at bid price : 22.08<br \/>\nBid-YTW : 5.74 %<\/td>\n<\/tr>\n<tr>\n<td>GWO.PR.H<\/td>\n<td>Insurance Straight<\/td>\n<td>-2.04 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-05-18<br \/>\nMaturity Price  : 20.62<br \/>\nEvaluated at bid price : 20.62<br \/>\nBid-YTW : 5.98 %<\/td>\n<\/tr>\n<tr>\n<td>MFC.PR.C<\/td>\n<td>Insurance Straight<\/td>\n<td>-1.86 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-05-18<br \/>\nMaturity Price  : 20.06<br \/>\nEvaluated at bid price : 20.06<br \/>\nBid-YTW : 5.71 %<\/td>\n<\/tr>\n<tr>\n<td>POW.PR.D<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-1.82 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-05-18<br \/>\nMaturity Price  : 21.33<br \/>\nEvaluated at bid price : 21.60<br \/>\nBid-YTW : 5.85 %<\/td>\n<\/tr>\n<tr>\n<td>IAF.PR.B<\/td>\n<td>Insurance Straight<\/td>\n<td>-1.77 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-05-18<br \/>\nMaturity Price  : 21.34<br \/>\nEvaluated at bid price : 21.61<br \/>\nBid-YTW : 5.39 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PF.E<\/td>\n<td>FixedReset Disc<\/td>\n<td>-1.63 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-05-18<br \/>\nMaturity Price  : 18.69<br \/>\nEvaluated at bid price : 18.69<br \/>\nBid-YTW : 6.83 %<\/td>\n<\/tr>\n<tr>\n<td>PWF.PR.K<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-1.60 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-05-18<br \/>\nMaturity Price  : 20.86<br \/>\nEvaluated at bid price : 20.86<br \/>\nBid-YTW : 6.00 %<\/td>\n<\/tr>\n<tr>\n<td>POW.PR.B<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-1.57 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-05-18<br \/>\nMaturity Price  : 22.24<br \/>\nEvaluated at bid price : 22.51<br \/>\nBid-YTW : 6.01 %<\/td>\n<\/tr>\n<tr>\n<td>BIP.PR.A<\/td>\n<td>FixedReset Disc<\/td>\n<td>-1.53 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-05-18<br \/>\nMaturity Price  : 22.10<br \/>\nEvaluated at bid price : 22.50<br \/>\nBid-YTW : 6.62 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PR.B<\/td>\n<td>Floater<\/td>\n<td>-1.40 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-05-18<br \/>\nMaturity Price  : 13.41<br \/>\nEvaluated at bid price : 13.41<br \/>\nBid-YTW : 4.22 %<\/td>\n<\/tr>\n<tr>\n<td>SLF.PR.J<\/td>\n<td>FloatingReset<\/td>\n<td>-1.30 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-05-18<br \/>\nMaturity Price  : 15.90<br \/>\nEvaluated at bid price : 15.90<br \/>\nBid-YTW : 4.37 %<\/td>\n<\/tr>\n<tr>\n<td>SLF.PR.D<\/td>\n<td>Insurance Straight<\/td>\n<td>-1.22 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-05-18<br \/>\nMaturity Price  : 20.20<br \/>\nEvaluated at bid price : 20.20<br \/>\nBid-YTW : 5.59 %<\/td>\n<\/tr>\n<tr>\n<td>GWO.PR.R<\/td>\n<td>Insurance Straight<\/td>\n<td>-1.20 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-05-18<br \/>\nMaturity Price  : 20.50<br \/>\nEvaluated at bid price : 20.50<br \/>\nBid-YTW : 5.95 %<\/td>\n<\/tr>\n<tr>\n<td>IFC.PR.C<\/td>\n<td>FixedReset Disc<\/td>\n<td>-1.18 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-05-18<br \/>\nMaturity Price  : 21.00<br \/>\nEvaluated at bid price : 21.00<br \/>\nBid-YTW : 5.97 %<\/td>\n<\/tr>\n<tr>\n<td>SLF.PR.E<\/td>\n<td>Insurance Straight<\/td>\n<td>-1.07 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-05-18<br \/>\nMaturity Price  : 20.28<br \/>\nEvaluated at bid price : 20.28<br \/>\nBid-YTW : 5.64 %<\/td>\n<\/tr>\n<tr>\n<td>POW.PR.A<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-1.04 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-05-18<br \/>\nMaturity Price  : 23.48<br \/>\nEvaluated at bid price : 23.75<br \/>\nBid-YTW : 5.96 %<\/td>\n<\/tr>\n<tr>\n<td>CM.PR.Q<\/td>\n<td>FixedReset Disc<\/td>\n<td>1.02 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-05-18<br \/>\nMaturity Price  : 21.45<br \/>\nEvaluated at bid price : 21.80<br \/>\nBid-YTW : 5.88 %<\/td>\n<\/tr>\n<tr>\n<td>GWO.PR.Q<\/td>\n<td>Insurance Straight<\/td>\n<td>1.15 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-05-18<br \/>\nMaturity Price  : 21.75<br \/>\nEvaluated at bid price : 22.00<br \/>\nBid-YTW : 5.94 %<\/td>\n<\/tr>\n<tr>\n<td>BMO.PR.Y<\/td>\n<td>FixedReset Disc<\/td>\n<td>1.17 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-05-18<br \/>\nMaturity Price  : 21.34<br \/>\nEvaluated at bid price : 21.65<br \/>\nBid-YTW : 5.83 %<\/td>\n<\/tr>\n<tr>\n<td>TRP.PR.E<\/td>\n<td>FixedReset Disc<\/td>\n<td>1.32 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-05-18<br \/>\nMaturity Price  : 19.20<br \/>\nEvaluated at bid price : 19.20<br \/>\nBid-YTW : 6.51 %<\/td>\n<\/tr>\n<tr>\n<td>RY.PR.M<\/td>\n<td>FixedReset Disc<\/td>\n<td>1.55 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-05-18<br \/>\nMaturity Price  : 21.02<br \/>\nEvaluated at bid price : 21.02<br \/>\nBid-YTW : 5.88 %<\/td>\n<\/tr>\n<tr>\n<td>TRP.PR.A<\/td>\n<td>FixedReset Disc<\/td>\n<td>1.62 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-05-18<br \/>\nMaturity Price  : 16.96<br \/>\nEvaluated at bid price : 16.96<br \/>\nBid-YTW : 6.77 %<\/td>\n<\/tr>\n<tr>\n<td>TRP.PR.C<\/td>\n<td>FixedReset Disc<\/td>\n<td>1.66 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-05-18<br \/>\nMaturity Price  : 13.50<br \/>\nEvaluated at bid price : 13.50<br \/>\nBid-YTW : 7.05 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PR.M<\/td>\n<td>Perpetual-Discount<\/td>\n<td>2.07 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-05-18<br \/>\nMaturity Price  : 20.75<br \/>\nEvaluated at bid price : 20.75<br \/>\nBid-YTW : 5.82 %<\/td>\n<\/tr>\n<tr>\n<td>PVS.PR.G<\/td>\n<td>SplitShare<\/td>\n<td>2.08 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Option Certainty<br \/>\nMaturity Date\t: 2026-02-28<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 24.50<br \/>\nBid-YTW : 5.81 %<\/td>\n<\/tr>\n<tr>\n<td>CU.PR.G<\/td>\n<td>Perpetual-Discount<\/td>\n<td>3.36 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-05-18<br \/>\nMaturity Price  : 20.00<br \/>\nEvaluated at bid price : 20.00<br \/>\nBid-YTW : 5.65 %<\/td>\n<\/tr>\n<tr>\n<td>SLF.PR.H<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>3.51 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-05-18<br \/>\nMaturity Price  : 19.15<br \/>\nEvaluated at bid price : 19.15<br \/>\nBid-YTW : 5.90 %<\/td>\n<\/tr>\n<tr>\n<td>TRP.PR.D<\/td>\n<td>FixedReset Disc<\/td>\n<td>5.62 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-05-18<br \/>\nMaturity Price  : 19.55<br \/>\nEvaluated at bid price : 19.55<br \/>\nBid-YTW : 6.51 %<\/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>IAF.PR.G<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>113,314<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Call<br \/>\nMaturity Date\t: 2022-06-30<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 25.15<br \/>\nBid-YTW : 2.81 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PR.X<\/td>\n<td>FixedReset Disc<\/td>\n<td>63,402<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-05-18<br \/>\nMaturity Price  : 17.75<br \/>\nEvaluated at bid price : 17.75<br \/>\nBid-YTW : 6.61 %<\/td>\n<\/tr>\n<tr>\n<td>TRP.PR.C<\/td>\n<td>FixedReset Disc<\/td>\n<td>53,895<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-05-18<br \/>\nMaturity Price  : 13.50<br \/>\nEvaluated at bid price : 13.50<br \/>\nBid-YTW : 7.05 %<\/td>\n<\/tr>\n<tr>\n<td>PWF.PR.R<\/td>\n<td>Perpetual-Discount<\/td>\n<td>45,505<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-05-18<br \/>\nMaturity Price  : 22.71<br \/>\nEvaluated at bid price : 22.95<br \/>\nBid-YTW : 6.04 %<\/td>\n<\/tr>\n<tr>\n<td>TD.PF.K<\/td>\n<td>FixedReset Disc<\/td>\n<td>33,500<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-05-18<br \/>\nMaturity Price  : 22.82<br \/>\nEvaluated at bid price : 23.25<br \/>\nBid-YTW : 5.77 %<\/td>\n<\/tr>\n<tr>\n<td>PWF.PR.F<\/td>\n<td>Perpetual-Discount<\/td>\n<td>20,550<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-05-18<br \/>\nMaturity Price  : 21.91<br \/>\nEvaluated at bid price : 22.15<br \/>\nBid-YTW : 5.98 %<\/td>\n<\/tr>\n<tr>\n<td colspan=\"4\">There were 9 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>IAF.PR.B<\/td>\n<td>Insurance Straight<\/td>\n<td>Quote: 21.61 &#8211; 25.57<br \/>\nSpot Rate  :  3.9600<br \/>\nAverage  :  2.3882<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-05-18<br \/>\nMaturity Price  : 21.34<br \/>\nEvaluated at bid price : 21.61<br \/>\nBid-YTW : 5.39 %<\/td>\n<\/tr>\n<tr>\n<td>FTS.PR.F<\/td>\n<td>Perpetual-Discount<\/td>\n<td>Quote: 21.70 &#8211; 23.74<br \/>\nSpot Rate  :  2.0400<br \/>\nAverage  :  1.1486<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-05-18<br \/>\nMaturity Price  : 21.44<br \/>\nEvaluated at bid price : 21.70<br \/>\nBid-YTW : 5.65 %<\/td>\n<\/tr>\n<tr>\n<td>MFC.PR.L<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>Quote: 20.11 &#8211; 23.50<br \/>\nSpot Rate  :  3.3900<br \/>\nAverage  :  2.7763<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-05-18<br \/>\nMaturity Price  : 20.11<br \/>\nEvaluated at bid price : 20.11<br \/>\nBid-YTW : 6.09 %<\/td>\n<\/tr>\n<tr>\n<td>BMO.PR.W<\/td>\n<td>FixedReset Disc<\/td>\n<td>Quote: 20.05 &#8211; 21.34<br \/>\nSpot Rate  :  1.2900<br \/>\nAverage  :  0.7696<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-05-18<br \/>\nMaturity Price  : 20.05<br \/>\nEvaluated at bid price : 20.05<br \/>\nBid-YTW : 6.08 %<\/td>\n<\/tr>\n<tr>\n<td>TD.PF.E<\/td>\n<td>FixedReset Disc<\/td>\n<td>Quote: 21.95 &#8211; 23.23<br \/>\nSpot Rate  :  1.2800<br \/>\nAverage  :  0.8139<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-05-18<br \/>\nMaturity Price  : 21.68<br \/>\nEvaluated at bid price : 21.95<br \/>\nBid-YTW : 5.90 %<\/td>\n<\/tr>\n<tr>\n<td>CU.PR.E<\/td>\n<td>Perpetual-Discount<\/td>\n<td>Quote: 21.00 &#8211; 25.12<br \/>\nSpot Rate  :  4.1200<br \/>\nAverage  :  3.7185<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-05-18<br \/>\nMaturity Price  : 21.00<br \/>\nEvaluated at bid price : 21.00<br \/>\nBid-YTW : 5.86 %<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Canadian inflation hit a new 31-year high: The Consumer Price Index rose 6.8 per cent in April from a year earlier, Statistics Canada said Wednesday, edging up from 6.7 per cent the previous month. It &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-43437","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/43437","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=43437"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/43437\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=43437"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=43437"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=43437"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}