{"id":43575,"date":"2022-06-09T21:23:49","date_gmt":"2022-06-10T02:23:49","guid":{"rendered":"https:\/\/prefblog.com\/?p=43575"},"modified":"2022-06-09T21:23:49","modified_gmt":"2022-06-10T02:23:49","slug":"june-9-2022","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=43575","title":{"rendered":"June 9, 2022"},"content":{"rendered":"
<\/a><\/div>\n

TXPR closed at 647.35<\/a>, down 0.87% on the day. Volume today was 2.29-million, well above the median of the past 21 trading days.<\/p>\n

CPD closed at 12.80<\/a>, down 1.46% on the day. Volume was 62,090, slightly above the median of the past 21 trading days.<\/p>\n

ZPR closed at 10.73<\/a> down 1.02% on the day. Volume of 297,580 was second-highest of the past 21 trading days.<\/p>\n

Five-year Canada yields were down to 3.19%<\/a> today.<\/p>\n

The Bank of Canada released its Financial System Review – 2022<\/a>:<\/p>\n

Fragile liquidity in fixed-income markets is an ongoing structural vulnerability. A sudden spike in demand for liquidity from asset managers could exceed the willingness of banks to supply such liquidity, causing large price movements and a potential freeze in some markets. The recent tightening in financial conditions and increased market volatility have reduced liquidity.
\n…<\/b>
\nThis structural vulnerability has developed in part because the asset management sector\u2014which includes investment funds, pension funds and insurance companies\u2014has grown from $2.3 trillion in assets under management in 2008 to $7.1 trillion in 2021. Over this period, some asset managers have shifted their portfolios to riskier, less-liquid assets. For instance, mutual funds have increased their allocations to corporate bonds from more-liquid government bonds, including those with a lower quality of credit….Market functioning could be severely impaired if these dealers are unwilling to buy these assets if, for example, the riskiness of these assets increases or dealers approach internal risk limits. This happened in March 2020, causing some fixed-income markets to freeze and making it harder for firms to generate cash. (… For a more detailed assessment, see J.-S. Fontaine, C. Garriott, J. Johal, J. Lee, and A. Uthemann, \u201cCOVID\u201119 Crisis: Lessons Learned for Future Policy Research<\/a>,\u201d Bank of Canada Staff Discussion Paper No. 2021-2 (February 2021).)<\/p><\/blockquote>\n

BoC Goveernor Tiff Macklem is talking tough<\/a>:<\/p>\n

Bank of Canada governor Tiff Macklem said the central bank may need to raise its benchmark interest rate to 3 per cent or above to bring inflation under control, and that the bank\u2019s governing council is open to larger rate hikes if needed.<\/p>\n

This echoes remarks made by deputy governor Paul Beaudry last week. It opens the door to a 75 basis point interest rate hike at the bank\u2019s next meeting in July.<\/p>\n

\u201cWe may need to take more interest rate steps to get inflation back to target. Or we may need to move more quickly, we may need to take a larger step,\u201d Mr. Macklem said in a Thursday news conference following the release of the central bank\u2019s annual Financial System Review.<\/p><\/blockquote>\n

It’s enough to drive a man to drink, and I don’t mean milk<\/a>:<\/p>\n

The cost of milk is rising at its fastest clip in years, propelled by a big annual hike in the benchmark regulated price in Canada\u2019s supply management system.<\/p>\n

And now, dairy farmers are asking for an unusual mid-year increase that, if approved, is certain to push retail prices even higher. That may seem like a slam-dunk condemnation of Canada\u2019s tightly regulated dairy market, with its production quotas, government-dictated prices and even a butter-storage surcharge.
\n…<\/b>
\nIt\u2019s worth noting, however, that U.S. consumers enjoyed relatively low milk prices for more than a half-decade. Regulated Canadian prices were generally trending upward during that time; Canadian consumers did not get the price breaks their U.S. counterparts did.<\/p>\n

So, supply management has cost Canadian milk consumers \u2013 but those costs arrived long before the current inflationary surge.<\/p><\/blockquote>\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>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.1903 %<\/td>\n2,686.0<\/td>\n<\/tr>\n
FixedFloater<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.1903 %<\/td>\n5,151.7<\/td>\n<\/tr>\n
Floater<\/td>\n4.63 %<\/td>\n4.69 %<\/td>\n46,002<\/td>\n15.96<\/td>\n3<\/td>\n-0.1903 %<\/td>\n2,969.0<\/td>\n<\/tr>\n
OpRet<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.4900 %<\/td>\n3,522.2<\/td>\n<\/tr>\n
SplitShare<\/td>\n4.83 %<\/td>\n5.10 %<\/td>\n35,774<\/td>\n3.20<\/td>\n8<\/td>\n-0.4900 %<\/td>\n4,206.2<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.4900 %<\/td>\n3,281.8<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.83 %<\/td>\n5.94 %<\/td>\n69,648<\/td>\n13.93<\/td>\n2<\/td>\n-0.7708 %<\/td>\n2,967.7<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n5.64 %<\/td>\n5.75 %<\/td>\n62,125<\/td>\n14.22<\/td>\n34<\/td>\n-0.4717 %<\/td>\n3,290.0<\/td>\n<\/tr>\n
FixedReset Disc<\/td>\n4.48 %<\/td>\n6.11 %<\/td>\n128,333<\/td>\n14.00<\/td>\n57<\/td>\n-1.5841 %<\/td>\n2,605.5<\/td>\n<\/tr>\n
Insurance Straight<\/td>\n5.66 %<\/td>\n5.67 %<\/td>\n89,399<\/td>\n14.36<\/td>\n19<\/td>\n-1.6874 %<\/td>\n3,178.9<\/td>\n<\/tr>\n
FloatingReset<\/td>\n4.92 %<\/td>\n5.14 %<\/td>\n48,872<\/td>\n15.30<\/td>\n2<\/td>\n-0.1192 %<\/td>\n2,719.9<\/td>\n<\/tr>\n
FixedReset Prem<\/td>\n5.04 %<\/td>\n4.71 %<\/td>\n128,165<\/td>\n2.01<\/td>\n9<\/td>\n-0.4046 %<\/td>\n2,618.2<\/td>\n<\/tr>\n
FixedReset Bank Non<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-1.5841 %<\/td>\n2,663.3<\/td>\n<\/tr>\n
FixedReset Ins Non<\/td>\n4.36 %<\/td>\n6.02 %<\/td>\n74,013<\/td>\n14.15<\/td>\n15<\/td>\n-0.8448 %<\/td>\n2,755.3<\/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\n\n\n
Performance Highlights<\/strong><\/td>\n<\/tr>\n
Issue<\/td>\nIndex<\/td>\nChange<\/td>\nNotes<\/td>\n<\/tr>\n
TRP.PR.D<\/td>\nFixedReset Disc<\/td>\n-9.45 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-06-09
\nMaturity Price : 18.50
\nEvaluated at bid price : 18.50
\nBid-YTW : 7.25 %<\/td>\n<\/tr>\n
SLF.PR.H<\/td>\nFixedReset Ins Non<\/td>\n-9.42 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-06-09
\nMaturity Price : 18.07
\nEvaluated at bid price : 18.07
\nBid-YTW : 6.47 %<\/td>\n<\/tr>\n
GWO.PR.Y<\/td>\nInsurance Straight<\/td>\n-7.32 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-06-09
\nMaturity Price : 19.00
\nEvaluated at bid price : 19.00
\nBid-YTW : 5.94 %<\/td>\n<\/tr>\n
TD.PF.C<\/td>\nFixedReset Disc<\/td>\n-5.59 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-06-09
\nMaturity Price : 21.27
\nEvaluated at bid price : 21.27
\nBid-YTW : 6.06 %<\/td>\n<\/tr>\n
CM.PR.O<\/td>\nFixedReset Disc<\/td>\n-5.23 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-06-09
\nMaturity Price : 21.00
\nEvaluated at bid price : 21.00
\nBid-YTW : 6.24 %<\/td>\n<\/tr>\n
GWO.PR.P<\/td>\nInsurance Straight<\/td>\n-5.20 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-06-09
\nMaturity Price : 22.55
\nEvaluated at bid price : 22.80
\nBid-YTW : 5.93 %<\/td>\n<\/tr>\n
RY.PR.M<\/td>\nFixedReset Disc<\/td>\n-4.98 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-06-09
\nMaturity Price : 21.00
\nEvaluated at bid price : 21.00
\nBid-YTW : 6.18 %<\/td>\n<\/tr>\n
MFC.PR.J<\/td>\nFixedReset Ins Non<\/td>\n-4.73 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-06-09
\nMaturity Price : 22.56
\nEvaluated at bid price : 23.15
\nBid-YTW : 6.13 %<\/td>\n<\/tr>\n
BAM.PF.F<\/td>\nFixedReset Disc<\/td>\n-4.43 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-06-09
\nMaturity Price : 21.36
\nEvaluated at bid price : 21.36
\nBid-YTW : 6.76 %<\/td>\n<\/tr>\n
NA.PR.W<\/td>\nFixedReset Disc<\/td>\n-3.99 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-06-09
\nMaturity Price : 21.41
\nEvaluated at bid price : 21.41
\nBid-YTW : 6.03 %<\/td>\n<\/tr>\n
BAM.PF.A<\/td>\nFixedReset Disc<\/td>\n-3.82 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-06-09
\nMaturity Price : 22.95
\nEvaluated at bid price : 23.42
\nBid-YTW : 6.43 %<\/td>\n<\/tr>\n
BAM.PF.B<\/td>\nFixedReset Disc<\/td>\n-3.74 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-06-09
\nMaturity Price : 21.32
\nEvaluated at bid price : 21.61
\nBid-YTW : 6.55 %<\/td>\n<\/tr>\n
BAM.PF.E<\/td>\nFixedReset Disc<\/td>\n-3.58 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-06-09
\nMaturity Price : 19.91
\nEvaluated at bid price : 19.91
\nBid-YTW : 6.70 %<\/td>\n<\/tr>\n
MFC.PR.C<\/td>\nInsurance Straight<\/td>\n-3.53 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-06-09
\nMaturity Price : 20.50
\nEvaluated at bid price : 20.50
\nBid-YTW : 5.51 %<\/td>\n<\/tr>\n
TD.PF.B<\/td>\nFixedReset Disc<\/td>\n-3.39 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-06-09
\nMaturity Price : 21.37
\nEvaluated at bid price : 21.37
\nBid-YTW : 6.07 %<\/td>\n<\/tr>\n
BAM.PF.G<\/td>\nFixedReset Disc<\/td>\n-3.28 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-06-09
\nMaturity Price : 20.36
\nEvaluated at bid price : 20.36
\nBid-YTW : 6.75 %<\/td>\n<\/tr>\n
CM.PR.S<\/td>\nFixedReset Disc<\/td>\n-3.09 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-06-09
\nMaturity Price : 22.82
\nEvaluated at bid price : 23.50
\nBid-YTW : 5.90 %<\/td>\n<\/tr>\n
PWF.PR.F<\/td>\nPerpetual-Discount<\/td>\n-2.99 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-06-09
\nMaturity Price : 22.13
\nEvaluated at bid price : 22.41
\nBid-YTW : 5.93 %<\/td>\n<\/tr>\n
BAM.PR.T<\/td>\nFixedReset Disc<\/td>\n-2.88 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-06-09
\nMaturity Price : 18.86
\nEvaluated at bid price : 18.86
\nBid-YTW : 6.65 %<\/td>\n<\/tr>\n
TRP.PR.A<\/td>\nFixedReset Disc<\/td>\n-2.85 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-06-09
\nMaturity Price : 17.05
\nEvaluated at bid price : 17.05
\nBid-YTW : 6.98 %<\/td>\n<\/tr>\n
CCS.PR.C<\/td>\nInsurance Straight<\/td>\n-2.60 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-06-09
\nMaturity Price : 22.22
\nEvaluated at bid price : 22.50
\nBid-YTW : 5.56 %<\/td>\n<\/tr>\n
GWO.PR.H<\/td>\nInsurance Straight<\/td>\n-2.40 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-06-09
\nMaturity Price : 20.74
\nEvaluated at bid price : 20.74
\nBid-YTW : 5.86 %<\/td>\n<\/tr>\n
GWO.PR.R<\/td>\nInsurance Straight<\/td>\n-2.30 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-06-09
\nMaturity Price : 20.86
\nEvaluated at bid price : 20.86
\nBid-YTW : 5.77 %<\/td>\n<\/tr>\n
FTS.PR.G<\/td>\nFixedReset Disc<\/td>\n-2.26 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-06-09
\nMaturity Price : 20.77
\nEvaluated at bid price : 20.77
\nBid-YTW : 6.28 %<\/td>\n<\/tr>\n
GWO.PR.I<\/td>\nInsurance Straight<\/td>\n-2.24 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-06-09
\nMaturity Price : 19.65
\nEvaluated at bid price : 19.65
\nBid-YTW : 5.74 %<\/td>\n<\/tr>\n
TRP.PR.G<\/td>\nFixedReset Disc<\/td>\n-2.24 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-06-09
\nMaturity Price : 21.93
\nEvaluated at bid price : 22.30
\nBid-YTW : 6.14 %<\/td>\n<\/tr>\n
CU.PR.F<\/td>\nPerpetual-Discount<\/td>\n-2.20 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-06-09
\nMaturity Price : 20.00
\nEvaluated at bid price : 20.00
\nBid-YTW : 5.67 %<\/td>\n<\/tr>\n
NA.PR.E<\/td>\nFixedReset Disc<\/td>\n-2.18 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-06-09
\nMaturity Price : 23.71
\nEvaluated at bid price : 24.25
\nBid-YTW : 5.84 %<\/td>\n<\/tr>\n
TRP.PR.B<\/td>\nFixedReset Disc<\/td>\n-2.14 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-06-09
\nMaturity Price : 13.70
\nEvaluated at bid price : 13.70
\nBid-YTW : 7.04 %<\/td>\n<\/tr>\n
BAM.PR.X<\/td>\nFixedReset Disc<\/td>\n-2.11 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-06-09
\nMaturity Price : 18.55
\nEvaluated at bid price : 18.55
\nBid-YTW : 6.75 %<\/td>\n<\/tr>\n
CM.PR.Q<\/td>\nFixedReset Disc<\/td>\n-2.09 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-06-09
\nMaturity Price : 21.74
\nEvaluated at bid price : 22.00
\nBid-YTW : 6.11 %<\/td>\n<\/tr>\n
MFC.PR.B<\/td>\nInsurance Straight<\/td>\n-2.05 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-06-09
\nMaturity Price : 21.50
\nEvaluated at bid price : 21.50
\nBid-YTW : 5.43 %<\/td>\n<\/tr>\n
CM.PR.P<\/td>\nFixedReset Disc<\/td>\n-1.95 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-06-09
\nMaturity Price : 21.31
\nEvaluated at bid price : 21.61
\nBid-YTW : 5.95 %<\/td>\n<\/tr>\n
GWO.PR.N<\/td>\nFixedReset Ins Non<\/td>\n-1.94 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-06-09
\nMaturity Price : 15.20
\nEvaluated at bid price : 15.20
\nBid-YTW : 6.24 %<\/td>\n<\/tr>\n
SLF.PR.C<\/td>\nInsurance Straight<\/td>\n-1.93 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-06-09
\nMaturity Price : 20.30
\nEvaluated at bid price : 20.30
\nBid-YTW : 5.50 %<\/td>\n<\/tr>\n
SLF.PR.E<\/td>\nInsurance Straight<\/td>\n-1.91 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-06-09
\nMaturity Price : 20.50
\nEvaluated at bid price : 20.50
\nBid-YTW : 5.50 %<\/td>\n<\/tr>\n
PWF.PR.S<\/td>\nPerpetual-Discount<\/td>\n-1.89 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-06-09
\nMaturity Price : 20.80
\nEvaluated at bid price : 20.80
\nBid-YTW : 5.86 %<\/td>\n<\/tr>\n
TRP.PR.C<\/td>\nFixedReset Disc<\/td>\n-1.83 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-06-09
\nMaturity Price : 14.45
\nEvaluated at bid price : 14.45
\nBid-YTW : 7.00 %<\/td>\n<\/tr>\n
RY.PR.H<\/td>\nFixedReset Disc<\/td>\n-1.78 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-06-09
\nMaturity Price : 21.60
\nEvaluated at bid price : 22.01
\nBid-YTW : 5.87 %<\/td>\n<\/tr>\n
CU.PR.C<\/td>\nFixedReset Disc<\/td>\n-1.77 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-06-09
\nMaturity Price : 21.81
\nEvaluated at bid price : 22.25
\nBid-YTW : 6.21 %<\/td>\n<\/tr>\n
TD.PF.J<\/td>\nFixedReset Disc<\/td>\n-1.72 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-06-09
\nMaturity Price : 24.00
\nEvaluated at bid price : 24.50
\nBid-YTW : 5.92 %<\/td>\n<\/tr>\n
NA.PR.G<\/td>\nFixedReset Disc<\/td>\n-1.71 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-06-09
\nMaturity Price : 23.66
\nEvaluated at bid price : 24.76
\nBid-YTW : 5.86 %<\/td>\n<\/tr>\n
TD.PF.E<\/td>\nFixedReset Disc<\/td>\n-1.64 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-06-09
\nMaturity Price : 21.90
\nEvaluated at bid price : 22.25
\nBid-YTW : 6.08 %<\/td>\n<\/tr>\n
PWF.PR.P<\/td>\nFixedReset Disc<\/td>\n-1.60 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-06-09
\nMaturity Price : 15.35
\nEvaluated at bid price : 15.35
\nBid-YTW : 6.65 %<\/td>\n<\/tr>\n
PWF.PR.G<\/td>\nPerpetual-Premium<\/td>\n-1.57 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-06-09
\nMaturity Price : 24.92
\nEvaluated at bid price : 25.15
\nBid-YTW : 5.94 %<\/td>\n<\/tr>\n
CM.PR.Y<\/td>\nFixedReset Prem<\/td>\n-1.54 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2024-07-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.55
\nBid-YTW : 4.38 %<\/td>\n<\/tr>\n
CU.PR.I<\/td>\nFixedReset Prem<\/td>\n-1.46 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2025-12-01
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.00
\nBid-YTW : 4.55 %<\/td>\n<\/tr>\n
PWF.PR.Z<\/td>\nPerpetual-Discount<\/td>\n-1.44 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-06-09
\nMaturity Price : 22.20
\nEvaluated at bid price : 22.55
\nBid-YTW : 5.77 %<\/td>\n<\/tr>\n
TD.PF.K<\/td>\nFixedReset Disc<\/td>\n-1.44 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-06-09
\nMaturity Price : 23.57
\nEvaluated at bid price : 24.00
\nBid-YTW : 5.89 %<\/td>\n<\/tr>\n
BNS.PR.I<\/td>\nFixedReset Disc<\/td>\n-1.41 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-06-09
\nMaturity Price : 24.06
\nEvaluated at bid price : 24.40
\nBid-YTW : 5.66 %<\/td>\n<\/tr>\n
PVS.PR.I<\/td>\nSplitShare<\/td>\n-1.40 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-10-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 24.65
\nBid-YTW : 5.24 %<\/td>\n<\/tr>\n
GWO.PR.L<\/td>\nInsurance Straight<\/td>\n-1.22 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-06-09
\nMaturity Price : 24.05
\nEvaluated at bid price : 24.30
\nBid-YTW : 5.82 %<\/td>\n<\/tr>\n
BAM.PR.Z<\/td>\nFixedReset Disc<\/td>\n-1.20 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-06-09
\nMaturity Price : 23.97
\nEvaluated at bid price : 24.60
\nBid-YTW : 6.18 %<\/td>\n<\/tr>\n
FTS.PR.M<\/td>\nFixedReset Disc<\/td>\n-1.19 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-06-09
\nMaturity Price : 20.80
\nEvaluated at bid price : 20.80
\nBid-YTW : 6.45 %<\/td>\n<\/tr>\n
POW.PR.A<\/td>\nPerpetual-Discount<\/td>\n-1.17 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-06-09
\nMaturity Price : 24.22
\nEvaluated at bid price : 24.51
\nBid-YTW : 5.80 %<\/td>\n<\/tr>\n
GWO.PR.S<\/td>\nInsurance Straight<\/td>\n-1.12 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-06-09
\nMaturity Price : 22.75
\nEvaluated at bid price : 22.99
\nBid-YTW : 5.71 %<\/td>\n<\/tr>\n
BMO.PR.S<\/td>\nFixedReset Disc<\/td>\n-1.11 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-06-09
\nMaturity Price : 21.76
\nEvaluated at bid price : 22.25
\nBid-YTW : 5.92 %<\/td>\n<\/tr>\n
CU.PR.H<\/td>\nPerpetual-Discount<\/td>\n-1.08 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-06-09
\nMaturity Price : 22.61
\nEvaluated at bid price : 22.90
\nBid-YTW : 5.76 %<\/td>\n<\/tr>\n
BAM.PF.D<\/td>\nPerpetual-Discount<\/td>\n-1.07 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-06-09
\nMaturity Price : 21.85
\nEvaluated at bid price : 22.09
\nBid-YTW : 5.64 %<\/td>\n<\/tr>\n
POW.PR.B<\/td>\nPerpetual-Discount<\/td>\n-1.05 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-06-09
\nMaturity Price : 23.32
\nEvaluated at bid price : 23.60
\nBid-YTW : 5.75 %<\/td>\n<\/tr>\n
FTS.PR.F<\/td>\nPerpetual-Discount<\/td>\n-1.04 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-06-09
\nMaturity Price : 21.54
\nEvaluated at bid price : 21.80
\nBid-YTW : 5.65 %<\/td>\n<\/tr>\n
MFC.PR.Q<\/td>\nFixedReset Ins Non<\/td>\n1.28 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-06-09
\nMaturity Price : 23.15
\nEvaluated at bid price : 23.70
\nBid-YTW : 5.91 %<\/td>\n<\/tr>\n
ELF.PR.F<\/td>\nPerpetual-Discount<\/td>\n1.37 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-06-09
\nMaturity Price : 22.64
\nEvaluated at bid price : 22.89
\nBid-YTW : 5.88 %<\/td>\n<\/tr>\n
SLF.PR.D<\/td>\nInsurance Straight<\/td>\n1.78 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-06-09
\nMaturity Price : 20.56
\nEvaluated at bid price : 20.56
\nBid-YTW : 5.43 %<\/td>\n<\/tr>\n
FTS.PR.H<\/td>\nFixedReset Disc<\/td>\n2.17 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-06-09
\nMaturity Price : 15.99
\nEvaluated at bid price : 15.99
\nBid-YTW : 6.38 %<\/td>\n<\/tr>\n
BMO.PR.W<\/td>\nFixedReset Disc<\/td>\n2.34 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-06-09
\nMaturity Price : 20.52
\nEvaluated at bid price : 20.52
\nBid-YTW : 6.27 %<\/td>\n<\/tr>\n
TD.PF.D<\/td>\nFixedReset Disc<\/td>\n2.73 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-06-09
\nMaturity Price : 22.17
\nEvaluated at bid price : 22.60
\nBid-YTW : 5.95 %<\/td>\n<\/tr>\n
CU.PR.G<\/td>\nPerpetual-Discount<\/td>\n2.76 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-06-09
\nMaturity Price : 20.50
\nEvaluated at bid price : 20.50
\nBid-YTW : 5.53 %<\/td>\n<\/tr>\n
MFC.PR.F<\/td>\nFixedReset Ins Non<\/td>\n4.06 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-06-09
\nMaturity Price : 16.14
\nEvaluated at bid price : 16.14
\nBid-YTW : 6.20 %<\/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.S<\/td>\nFixedReset Disc<\/td>\n104,090<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-06-09
\nMaturity Price : 22.82
\nEvaluated at bid price : 23.50
\nBid-YTW : 5.90 %<\/td>\n<\/tr>\n
BMO.PR.F<\/td>\nFixedReset Prem<\/td>\n66,530<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2024-05-25
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.40
\nBid-YTW : 4.37 %<\/td>\n<\/tr>\n
TRP.PR.B<\/td>\nFixedReset Disc<\/td>\n66,400<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-06-09
\nMaturity Price : 13.70
\nEvaluated at bid price : 13.70
\nBid-YTW : 7.04 %<\/td>\n<\/tr>\n
TD.PF.K<\/td>\nFixedReset Disc<\/td>\n56,500<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-06-09
\nMaturity Price : 23.57
\nEvaluated at bid price : 24.00
\nBid-YTW : 5.89 %<\/td>\n<\/tr>\n
IFC.PR.C<\/td>\nFixedReset Disc<\/td>\n34,400<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-06-09
\nMaturity Price : 22.01
\nEvaluated at bid price : 22.50
\nBid-YTW : 5.81 %<\/td>\n<\/tr>\n
FTS.PR.J<\/td>\nPerpetual-Discount<\/td>\n28,675<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-06-09
\nMaturity Price : 21.30
\nEvaluated at bid price : 21.30
\nBid-YTW : 5.62 %<\/td>\n<\/tr>\n
There were 15 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
SLF.PR.H<\/td>\nFixedReset Ins Non<\/td>\nQuote: 18.07 – 23.50
\nSpot Rate : 5.4300
\nAverage : 3.3796<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-06-09
\nMaturity Price : 18.07
\nEvaluated at bid price : 18.07
\nBid-YTW : 6.47 %<\/td>\n<\/tr>\n

CU.PR.F<\/td>\nPerpetual-Discount<\/td>\nQuote: 20.00 – 22.75
\nSpot Rate : 2.7500
\nAverage : 1.6182<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-06-09
\nMaturity Price : 20.00
\nEvaluated at bid price : 20.00
\nBid-YTW : 5.67 %<\/td>\n<\/tr>\n

MFC.PR.L<\/td>\nFixedReset Ins Non<\/td>\nQuote: 21.00 – 24.35
\nSpot Rate : 3.3500
\nAverage : 2.3696<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-06-09
\nMaturity Price : 21.00
\nEvaluated at bid price : 21.00
\nBid-YTW : 6.08 %<\/td>\n<\/tr>\n

TRP.PR.D<\/td>\nFixedReset Disc<\/td>\nQuote: 18.50 – 20.93
\nSpot Rate : 2.4300
\nAverage : 1.4549<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-06-09
\nMaturity Price : 18.50
\nEvaluated at bid price : 18.50
\nBid-YTW : 7.25 %<\/td>\n<\/tr>\n

MFC.PR.N<\/td>\nFixedReset Ins Non<\/td>\nQuote: 21.33 – 24.40
\nSpot Rate : 3.0700
\nAverage : 2.2995<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-06-09
\nMaturity Price : 21.33
\nEvaluated at bid price : 21.33
\nBid-YTW : 6.02 %<\/td>\n<\/tr>\n

MFC.PR.J<\/td>\nFixedReset Ins Non<\/td>\nQuote: 23.15 – 24.70
\nSpot Rate : 1.5500
\nAverage : 0.9321<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-06-09
\nMaturity Price : 22.56
\nEvaluated at bid price : 23.15
\nBid-YTW : 6.13 %<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

TXPR closed at 647.35, down 0.87% on the day. Volume today was 2.29-million, well above the median of the past 21 trading days. CPD closed at 12.80, down 1.46% on the day. Volume was 62,090, …<\/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-43575","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/43575","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=43575"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/43575\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=43575"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=43575"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=43575"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}