{"id":43727,"date":"2022-06-30T19:50:07","date_gmt":"2022-07-01T00:50:07","guid":{"rendered":"https:\/\/prefblog.com\/?p=43727"},"modified":"2022-06-30T19:50:07","modified_gmt":"2022-07-01T00:50:07","slug":"june-30-2022","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=43727","title":{"rendered":"June 30, 2022"},"content":{"rendered":"

Well, that’s the end of the first half<\/a>!<\/p>\n

U.S. and Canadian stocks on Thursday closed out their worst quarter since the onset of the COVID-19 pandemic with another session of broad losses and growing unease among investors that the bloodletting in markets won\u2019t let up any time soon.<\/p>\n

The world\u2019s most closely followed benchmark stock index, the S&P 500, saw the steepest percentage decline in the first half of a year since 1970.<\/p>\n

The Canadian stock market has fared better, but its outperformance has been eroding in recent weeks amid growing bets that a rush by central bankers to hike interest rates to combat skyrocketing inflation will push economies into recession. Such a scenario paints an unsupportive picture for the S&P\/TSX Composite Index, due to its heavy weighting of economically sensitive sectors such as energy, metals and financials.<\/p>\n

In total, more than US$13-trillion has been erased from global stocks in a year that has also seen steep losses in bond markets and a breathtaking drop in cryptocurrencies, once thought to be a compelling way to diversify away from larger asset classes.<\/p><\/blockquote>\n

But we’ll end things on a hopeful note<\/a>:<\/p>\n

An international team of researchers, led by scientists at the University of Manchester, has developed a fast and economical method of converting methane, or natural gas, into liquid methanol at ambient temperature and pressure. The method takes place under continuous flow over a photo-catalytic material using visible light to drive the conversion.<\/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>\n0.0000 %<\/td>\n2,535.5<\/td>\n<\/tr>\n
FixedFloater<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.0000 %<\/td>\n4,863.1<\/td>\n<\/tr>\n
Floater<\/td>\n4.91 %<\/td>\n4.92 %<\/td>\n42,274<\/td>\n15.65<\/td>\n3<\/td>\n0.0000 %<\/td>\n2,802.6<\/td>\n<\/tr>\n
OpRet<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.1549 %<\/td>\n3,458.0<\/td>\n<\/tr>\n
SplitShare<\/td>\n4.92 %<\/td>\n5.77 %<\/td>\n44,206<\/td>\n3.19<\/td>\n8<\/td>\n-0.1549 %<\/td>\n4,129.5<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.1549 %<\/td>\n3,222.0<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n6.07 %<\/td>\n6.20 %<\/td>\n77,781<\/td>\n13.50<\/td>\n2<\/td>\n1.2605 %<\/td>\n2,848.9<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n5.97 %<\/td>\n6.06 %<\/td>\n65,054<\/td>\n13.83<\/td>\n34<\/td>\n0.2745 %<\/td>\n3,106.6<\/td>\n<\/tr>\n
FixedReset Disc<\/td>\n4.70 %<\/td>\n6.41 %<\/td>\n113,121<\/td>\n13.52<\/td>\n57<\/td>\n0.0194 %<\/td>\n2,506.5<\/td>\n<\/tr>\n
Insurance Straight<\/td>\n5.99 %<\/td>\n6.11 %<\/td>\n93,272<\/td>\n13.78<\/td>\n19<\/td>\n0.5677 %<\/td>\n3,001.3<\/td>\n<\/tr>\n
FloatingReset<\/td>\n5.81 %<\/td>\n6.06 %<\/td>\n44,736<\/td>\n13.81<\/td>\n2<\/td>\n-0.3989 %<\/td>\n2,634.6<\/td>\n<\/tr>\n
FixedReset Prem<\/td>\n5.05 %<\/td>\n4.68 %<\/td>\n138,149<\/td>\n1.98<\/td>\n9<\/td>\n0.1756 %<\/td>\n2,610.2<\/td>\n<\/tr>\n
FixedReset Bank Non<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.0194 %<\/td>\n2,562.2<\/td>\n<\/tr>\n
FixedReset Ins Non<\/td>\n4.78 %<\/td>\n6.46 %<\/td>\n71,255<\/td>\n13.47<\/td>\n15<\/td>\n0.1898 %<\/td>\n2,616.6<\/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
Performance Highlights<\/strong><\/td>\n<\/tr>\n
Issue<\/td>\nIndex<\/td>\nChange<\/td>\nNotes<\/td>\n<\/tr>\n
MFC.PR.K<\/td>\nFixedReset Ins Non<\/td>\n-2.12 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-06-30
\nMaturity Price : 20.80
\nEvaluated at bid price : 20.80
\nBid-YTW : 6.54 %<\/td>\n<\/tr>\n
BIP.PR.A<\/td>\nFixedReset Disc<\/td>\n-1.96 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-06-30
\nMaturity Price : 20.00
\nEvaluated at bid price : 20.00
\nBid-YTW : 7.82 %<\/td>\n<\/tr>\n
RY.PR.H<\/td>\nFixedReset Disc<\/td>\n-1.18 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-06-30
\nMaturity Price : 21.00
\nEvaluated at bid price : 21.00
\nBid-YTW : 6.34 %<\/td>\n<\/tr>\n
GWO.PR.T<\/td>\nInsurance Straight<\/td>\n-1.17 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-06-30
\nMaturity Price : 21.20
\nEvaluated at bid price : 21.20
\nBid-YTW : 6.12 %<\/td>\n<\/tr>\n
CCS.PR.C<\/td>\nInsurance Straight<\/td>\n-1.16 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-06-30
\nMaturity Price : 21.25
\nEvaluated at bid price : 21.25
\nBid-YTW : 5.92 %<\/td>\n<\/tr>\n
PWF.PR.T<\/td>\nFixedReset Disc<\/td>\n-1.12 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-06-30
\nMaturity Price : 20.27
\nEvaluated at bid price : 20.27
\nBid-YTW : 6.84 %<\/td>\n<\/tr>\n
IFC.PR.F<\/td>\nInsurance Straight<\/td>\n-1.12 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-06-30
\nMaturity Price : 21.71
\nEvaluated at bid price : 22.05
\nBid-YTW : 6.03 %<\/td>\n<\/tr>\n
BAM.PF.B<\/td>\nFixedReset Disc<\/td>\n-1.10 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-06-30
\nMaturity Price : 19.81
\nEvaluated at bid price : 19.81
\nBid-YTW : 7.23 %<\/td>\n<\/tr>\n
FTS.PR.H<\/td>\nFixedReset Disc<\/td>\n1.02 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-06-30
\nMaturity Price : 14.85
\nEvaluated at bid price : 14.85
\nBid-YTW : 7.04 %<\/td>\n<\/tr>\n
SLF.PR.D<\/td>\nInsurance Straight<\/td>\n1.11 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-06-30
\nMaturity Price : 19.15
\nEvaluated at bid price : 19.15
\nBid-YTW : 5.85 %<\/td>\n<\/tr>\n
CU.PR.H<\/td>\nPerpetual-Discount<\/td>\n1.14 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-06-30
\nMaturity Price : 22.02
\nEvaluated at bid price : 22.25
\nBid-YTW : 5.96 %<\/td>\n<\/tr>\n
GWO.PR.L<\/td>\nInsurance Straight<\/td>\n1.31 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-06-30
\nMaturity Price : 22.88
\nEvaluated at bid price : 23.15
\nBid-YTW : 6.13 %<\/td>\n<\/tr>\n
GWO.PR.M<\/td>\nInsurance Straight<\/td>\n1.33 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-06-30
\nMaturity Price : 23.26
\nEvaluated at bid price : 23.56
\nBid-YTW : 6.19 %<\/td>\n<\/tr>\n
RY.PR.Z<\/td>\nFixedReset Disc<\/td>\n1.36 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-06-30
\nMaturity Price : 20.94
\nEvaluated at bid price : 20.94
\nBid-YTW : 6.34 %<\/td>\n<\/tr>\n
BAM.PR.C<\/td>\nFloater<\/td>\n1.38 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-06-30
\nMaturity Price : 13.20
\nEvaluated at bid price : 13.20
\nBid-YTW : 4.92 %<\/td>\n<\/tr>\n
MFC.PR.F<\/td>\nFixedReset Ins Non<\/td>\n1.39 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-06-30
\nMaturity Price : 14.60
\nEvaluated at bid price : 14.60
\nBid-YTW : 7.01 %<\/td>\n<\/tr>\n
GWO.PR.Q<\/td>\nInsurance Straight<\/td>\n1.39 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-06-30
\nMaturity Price : 21.10
\nEvaluated at bid price : 21.10
\nBid-YTW : 6.15 %<\/td>\n<\/tr>\n
BAM.PF.D<\/td>\nPerpetual-Discount<\/td>\n1.44 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-06-30
\nMaturity Price : 20.40
\nEvaluated at bid price : 20.40
\nBid-YTW : 6.05 %<\/td>\n<\/tr>\n
RY.PR.S<\/td>\nFixedReset Disc<\/td>\n1.52 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-06-30
\nMaturity Price : 23.71
\nEvaluated at bid price : 24.08
\nBid-YTW : 5.81 %<\/td>\n<\/tr>\n
SLF.PR.E<\/td>\nInsurance Straight<\/td>\n1.56 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-06-30
\nMaturity Price : 19.50
\nEvaluated at bid price : 19.50
\nBid-YTW : 5.81 %<\/td>\n<\/tr>\n
GWO.PR.G<\/td>\nInsurance Straight<\/td>\n1.57 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-06-30
\nMaturity Price : 21.38
\nEvaluated at bid price : 21.38
\nBid-YTW : 6.13 %<\/td>\n<\/tr>\n
BMO.PR.S<\/td>\nFixedReset Disc<\/td>\n1.76 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-06-30
\nMaturity Price : 21.60
\nEvaluated at bid price : 22.00
\nBid-YTW : 6.16 %<\/td>\n<\/tr>\n
TRP.PR.E<\/td>\nFixedReset Disc<\/td>\n1.93 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-06-30
\nMaturity Price : 18.00
\nEvaluated at bid price : 18.00
\nBid-YTW : 7.39 %<\/td>\n<\/tr>\n
GWO.PR.P<\/td>\nInsurance Straight<\/td>\n2.03 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-06-30
\nMaturity Price : 21.85
\nEvaluated at bid price : 22.09
\nBid-YTW : 6.14 %<\/td>\n<\/tr>\n
SLF.PR.C<\/td>\nInsurance Straight<\/td>\n2.11 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-06-30
\nMaturity Price : 19.40
\nEvaluated at bid price : 19.40
\nBid-YTW : 5.78 %<\/td>\n<\/tr>\n
BNS.PR.I<\/td>\nFixedReset Disc<\/td>\n2.12 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-06-30
\nMaturity Price : 24.24
\nEvaluated at bid price : 24.56
\nBid-YTW : 5.78 %<\/td>\n<\/tr>\n
CU.PR.D<\/td>\nPerpetual-Discount<\/td>\n2.20 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-06-30
\nMaturity Price : 20.90
\nEvaluated at bid price : 20.90
\nBid-YTW : 5.94 %<\/td>\n<\/tr>\n
POW.PR.C<\/td>\nPerpetual-Premium<\/td>\n2.56 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-06-30
\nMaturity Price : 23.69
\nEvaluated at bid price : 24.00
\nBid-YTW : 6.05 %<\/td>\n<\/tr>\n
MFC.PR.M<\/td>\nFixedReset Ins Non<\/td>\n4.05 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-06-30
\nMaturity Price : 19.80
\nEvaluated at bid price : 19.80
\nBid-YTW : 6.78 %<\/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.I<\/td>\nFixedReset Disc<\/td>\n51,600<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-06-30
\nMaturity Price : 24.27
\nEvaluated at bid price : 24.93
\nBid-YTW : 6.30 %<\/td>\n<\/tr>\n
MFC.PR.C<\/td>\nInsurance Straight<\/td>\n44,924<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-06-30
\nMaturity Price : 19.20
\nEvaluated at bid price : 19.20
\nBid-YTW : 5.91 %<\/td>\n<\/tr>\n
CM.PR.R<\/td>\nFixedReset Disc<\/td>\n28,300<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2022-07-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 24.95
\nBid-YTW : 2.80 %<\/td>\n<\/tr>\n
IFC.PR.I<\/td>\nPerpetual-Discount<\/td>\n25,830<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-06-30
\nMaturity Price : 22.18
\nEvaluated at bid price : 22.53
\nBid-YTW : 6.02 %<\/td>\n<\/tr>\n
BAM.PF.F<\/td>\nFixedReset Disc<\/td>\n25,300<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-06-30
\nMaturity Price : 20.10
\nEvaluated at bid price : 20.10
\nBid-YTW : 7.26 %<\/td>\n<\/tr>\n
BMO.PR.S<\/td>\nFixedReset Disc<\/td>\n19,745<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-06-30
\nMaturity Price : 21.60
\nEvaluated at bid price : 22.00
\nBid-YTW : 6.16 %<\/td>\n<\/tr>\n
There were 12 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
CU.PR.H<\/td>\nPerpetual-Discount<\/td>\nQuote: 22.25 – 25.10
\nSpot Rate : 2.8500
\nAverage : 1.6007<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-06-30
\nMaturity Price : 22.02
\nEvaluated at bid price : 22.25
\nBid-YTW : 5.96 %<\/td>\n<\/tr>\n

TRP.PR.C<\/td>\nFixedReset Disc<\/td>\nQuote: 13.51 – 17.00
\nSpot Rate : 3.4900
\nAverage : 2.4861<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-06-30
\nMaturity Price : 13.51
\nEvaluated at bid price : 13.51
\nBid-YTW : 7.59 %<\/td>\n<\/tr>\n

GWO.PR.T<\/td>\nInsurance Straight<\/td>\nQuote: 21.20 – 23.00
\nSpot Rate : 1.8000
\nAverage : 1.0618<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-06-30
\nMaturity Price : 21.20
\nEvaluated at bid price : 21.20
\nBid-YTW : 6.12 %<\/td>\n<\/tr>\n

MFC.PR.M<\/td>\nFixedReset Ins Non<\/td>\nQuote: 19.80 – 22.00
\nSpot Rate : 2.2000
\nAverage : 1.4677<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-06-30
\nMaturity Price : 19.80
\nEvaluated at bid price : 19.80
\nBid-YTW : 6.78 %<\/td>\n<\/tr>\n

MFC.PR.N<\/td>\nFixedReset Ins Non<\/td>\nQuote: 19.07 – 20.50
\nSpot Rate : 1.4300
\nAverage : 0.9241<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-06-30
\nMaturity Price : 19.07
\nEvaluated at bid price : 19.07
\nBid-YTW : 6.90 %<\/td>\n<\/tr>\n

PWF.PR.Z<\/td>\nPerpetual-Discount<\/td>\nQuote: 21.35 – 22.60
\nSpot Rate : 1.2500
\nAverage : 0.8345<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-06-30
\nMaturity Price : 21.35
\nEvaluated at bid price : 21.35
\nBid-YTW : 6.15 %<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Well, that’s the end of the first half! U.S. and Canadian stocks on Thursday closed out their worst quarter since the onset of the COVID-19 pandemic with another session of broad losses and growing unease …<\/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-43727","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/43727","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=43727"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/43727\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=43727"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=43727"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=43727"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}