{"id":43899,"date":"2022-07-22T19:18:13","date_gmt":"2022-07-23T00:18:13","guid":{"rendered":"https:\/\/prefblog.com\/?p=43899"},"modified":"2022-07-22T19:18:13","modified_gmt":"2022-07-23T00:18:13","slug":"july-22-2022","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=43899","title":{"rendered":"July 22, 2022"},"content":{"rendered":"<p><a href=\"https:\/\/finance.yahoo.com\/news\/us-business-activity-contracts-first-140347602.html\">US PMI contracted<\/a>:<\/p>\n<blockquote><p>The S&amp;P Global flash composite purchasing managers output index slid 4.8 points to 47.5, the weakest reading since May 2020, the group reported Friday. Outside of the early months of the pandemic, the July figure is the weakest in data back to 2009. Readings below 50 indicate contraction. The new orders gauge expanded modestly after contracting the previous month.<br \/>\n<b>&#8230;<\/b><br \/>\nSimilar results were seen in Europe. The group\u2019s index of activity in the euro area unexpectedly shrank for the first time since early 2021. Output worsened among manufacturers, while growth in the service sector came close to stalling.<\/p>\n<p>The US contraction was led by a steep decline in service-sector activity. The group\u2019s services gauge slid to 47, the lowest print since May 2020. Excluding the pandemic, the July figure was the weakest in records back to 2009. Even so, firms continued to add jobs at a solid pace.<\/p>\n<p>Meantime, the group\u2019s manufacturing index eased to a two-year low of 52.3 in July. New orders shrank for a second month and employment growth slowed. Export orders also contracted as a stronger dollar and grimmer global picture weighed on foreign demand.<\/p><\/blockquote>\n<p>Lagarde now says the <a href=\"https:\/\/www.theglobeandmail.com\/business\/international-business\/european-business\/article-ecb-will-raise-rates-until-inflation-falls-back-to-2-lagarde-says\/\">ECB Terminal Rate is whatever it takes<\/a>:<\/p>\n<blockquote><p>The European Central bank will raise its interest rates until inflation falls back to its 2% target, the ECB\u2019s President Christine Lagarde said in an interview with Germany\u2019s Funke Mediengruppe published on Friday.<\/p>\n<p>It was Lagarde\u2019s strongest commitment to date to fighting inflation, which hit 8.6% in the euro zone last month, despite growing fears of a recession in the bloc as a result of Russia\u2019s invasion of Ukraine.<\/p>\n<p>\u201cWe will raise interest rates for as long as it takes to bring inflation back to our target,\u201d she told the German network of newspapers.<\/p><\/blockquote>\n<p>From yesterday&#8217;s reporting, I thought the &#8220;Terminal Rate&#8221; was an ECB forecast, but it turns out that it&#8217;s <a href=\"https:\/\/www.ecb.europa.eu\/press\/key\/date\/2022\/html\/ecb.sp220702~ea05cea550.en.pdf?39e5da52e4cf028f65dac901fa110a93\">just a calculated market number<\/a>:<\/p>\n<div align=\"center\"><a href=\"https:\/\/prefblog.com\/wp-content\/uploads\/2022\/07\/ECBTerminalRate_220721.jpg\"><img decoding=\"async\" src=\"https:\/\/prefblog.com\/wp-content\/uploads\/2022\/07\/ECBTerminalRate_220721.jpg\" width=\"400\"><\/a><\/div>\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>0.00 %<\/td>\n<td>0.00 %<\/td>\n<td>0<\/td>\n<td>0.00<\/td>\n<td>0<\/td>\n<td>-0.2890 %<\/td>\n<td>2,429.9<\/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>-0.2890 %<\/td>\n<td>4,660.5<\/td>\n<\/tr>\n<tr>\n<td>Floater<\/td>\n<td>6.50 %<\/td>\n<td>6.58 %<\/td>\n<td>40,155<\/td>\n<td>13.07<\/td>\n<td>3<\/td>\n<td>-0.2890 %<\/td>\n<td>2,685.9<\/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>-0.2636 %<\/td>\n<td>3,450.6<\/td>\n<\/tr>\n<tr>\n<td>SplitShare<\/td>\n<td>4.93 %<\/td>\n<td>5.86 %<\/td>\n<td>44,018<\/td>\n<td>3.13<\/td>\n<td>8<\/td>\n<td>-0.2636 %<\/td>\n<td>4,120.8<\/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>-0.2636 %<\/td>\n<td>3,215.2<\/td>\n<\/tr>\n<tr>\n<td>Perpetual-Premium<\/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>0.0758 %<\/td>\n<td>2,830.0<\/td>\n<\/tr>\n<tr>\n<td>Perpetual-Discount<\/td>\n<td>6.02 %<\/td>\n<td>6.10 %<\/td>\n<td>71,551<\/td>\n<td>13.74<\/td>\n<td>34<\/td>\n<td>0.0758 %<\/td>\n<td>3,086.0<\/td>\n<\/tr>\n<tr>\n<td>FixedReset Disc<\/td>\n<td>4.93 %<\/td>\n<td>6.26 %<\/td>\n<td>121,372<\/td>\n<td>13.79<\/td>\n<td>56<\/td>\n<td>0.5978 %<\/td>\n<td>2,388.5<\/td>\n<\/tr>\n<tr>\n<td>Insurance Straight<\/td>\n<td>6.01 %<\/td>\n<td>6.10 %<\/td>\n<td>84,630<\/td>\n<td>13.76<\/td>\n<td>18<\/td>\n<td>0.2734 %<\/td>\n<td>2,994.4<\/td>\n<\/tr>\n<tr>\n<td>FloatingReset<\/td>\n<td>7.20 %<\/td>\n<td>7.49 %<\/td>\n<td>44,107<\/td>\n<td>11.94<\/td>\n<td>2<\/td>\n<td>0.1656 %<\/td>\n<td>2,455.3<\/td>\n<\/tr>\n<tr>\n<td>FixedReset Prem<\/td>\n<td>5.11 %<\/td>\n<td>5.66 %<\/td>\n<td>127,270<\/td>\n<td>1.91<\/td>\n<td>10<\/td>\n<td>-0.0565 %<\/td>\n<td>2,552.5<\/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>0.5978 %<\/td>\n<td>2,441.5<\/td>\n<\/tr>\n<tr>\n<td>FixedReset Ins Non<\/td>\n<td>5.01 %<\/td>\n<td>6.73 %<\/td>\n<td>55,962<\/td>\n<td>13.00<\/td>\n<td>14<\/td>\n<td>-0.0778 %<\/td>\n<td>2,435.3<\/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.PF.F<\/td>\n<td>FixedReset Disc<\/td>\n<td>-2.65 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-07-22<br \/>\nMaturity Price  : 18.40<br \/>\nEvaluated at bid price : 18.40<br \/>\nBid-YTW : 7.57 %<\/td>\n<\/tr>\n<tr>\n<td>CCS.PR.C<\/td>\n<td>Insurance Straight<\/td>\n<td>-2.33 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-07-22<br \/>\nMaturity Price  : 21.00<br \/>\nEvaluated at bid price : 21.00<br \/>\nBid-YTW : 6.02 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PF.A<\/td>\n<td>FixedReset Disc<\/td>\n<td>-1.76 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-07-22<br \/>\nMaturity Price  : 20.63<br \/>\nEvaluated at bid price : 20.63<br \/>\nBid-YTW : 7.05 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PF.B<\/td>\n<td>FixedReset Disc<\/td>\n<td>-1.58 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-07-22<br \/>\nMaturity Price  : 18.70<br \/>\nEvaluated at bid price : 18.70<br \/>\nBid-YTW : 7.30 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PR.Z<\/td>\n<td>FixedReset Disc<\/td>\n<td>-1.40 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-07-22<br \/>\nMaturity Price  : 21.48<br \/>\nEvaluated at bid price : 21.80<br \/>\nBid-YTW : 6.74 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PF.G<\/td>\n<td>FixedReset Disc<\/td>\n<td>-1.40 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-07-22<br \/>\nMaturity Price  : 17.60<br \/>\nEvaluated at bid price : 17.60<br \/>\nBid-YTW : 7.53 %<\/td>\n<\/tr>\n<tr>\n<td>TRP.PR.C<\/td>\n<td>FixedReset Disc<\/td>\n<td>-1.37 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-07-22<br \/>\nMaturity Price  : 12.20<br \/>\nEvaluated at bid price : 12.20<br \/>\nBid-YTW : 7.89 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PR.T<\/td>\n<td>FixedReset Disc<\/td>\n<td>-1.33 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-07-22<br \/>\nMaturity Price  : 16.33<br \/>\nEvaluated at bid price : 16.33<br \/>\nBid-YTW : 7.39 %<\/td>\n<\/tr>\n<tr>\n<td>POW.PR.C<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-1.25 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-07-22<br \/>\nMaturity Price  : 23.41<br \/>\nEvaluated at bid price : 23.70<br \/>\nBid-YTW : 6.16 %<\/td>\n<\/tr>\n<tr>\n<td>NA.PR.G<\/td>\n<td>FixedReset Disc<\/td>\n<td>1.01 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-07-22<br \/>\nMaturity Price  : 22.57<br \/>\nEvaluated at bid price : 23.02<br \/>\nBid-YTW : 6.09 %<\/td>\n<\/tr>\n<tr>\n<td>SLF.PR.D<\/td>\n<td>Insurance Straight<\/td>\n<td>1.01 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-07-22<br \/>\nMaturity Price  : 18.96<br \/>\nEvaluated at bid price : 18.96<br \/>\nBid-YTW : 5.94 %<\/td>\n<\/tr>\n<tr>\n<td>CU.PR.F<\/td>\n<td>Perpetual-Discount<\/td>\n<td>1.06 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-07-22<br \/>\nMaturity Price  : 19.10<br \/>\nEvaluated at bid price : 19.10<br \/>\nBid-YTW : 5.99 %<\/td>\n<\/tr>\n<tr>\n<td>CU.PR.J<\/td>\n<td>Perpetual-Discount<\/td>\n<td>1.07 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-07-22<br \/>\nMaturity Price  : 19.91<br \/>\nEvaluated at bid price : 19.91<br \/>\nBid-YTW : 6.07 %<\/td>\n<\/tr>\n<tr>\n<td>CM.PR.P<\/td>\n<td>FixedReset Disc<\/td>\n<td>1.07 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-07-22<br \/>\nMaturity Price  : 19.81<br \/>\nEvaluated at bid price : 19.81<br \/>\nBid-YTW : 6.26 %<\/td>\n<\/tr>\n<tr>\n<td>SLF.PR.C<\/td>\n<td>Insurance Straight<\/td>\n<td>1.17 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-07-22<br \/>\nMaturity Price  : 19.09<br \/>\nEvaluated at bid price : 19.09<br \/>\nBid-YTW : 5.89 %<\/td>\n<\/tr>\n<tr>\n<td>TRP.PR.E<\/td>\n<td>FixedReset Disc<\/td>\n<td>1.25 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-07-22<br \/>\nMaturity Price  : 16.20<br \/>\nEvaluated at bid price : 16.20<br \/>\nBid-YTW : 7.79 %<\/td>\n<\/tr>\n<tr>\n<td>FTS.PR.G<\/td>\n<td>FixedReset Disc<\/td>\n<td>1.43 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-07-22<br \/>\nMaturity Price  : 17.75<br \/>\nEvaluated at bid price : 17.75<br \/>\nBid-YTW : 7.15 %<\/td>\n<\/tr>\n<tr>\n<td>TD.PF.J<\/td>\n<td>FixedReset Disc<\/td>\n<td>1.53 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-07-22<br \/>\nMaturity Price  : 22.60<br \/>\nEvaluated at bid price : 23.20<br \/>\nBid-YTW : 6.00 %<\/td>\n<\/tr>\n<tr>\n<td>SLF.PR.G<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>1.75 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-07-22<br \/>\nMaturity Price  : 13.95<br \/>\nEvaluated at bid price : 13.95<br \/>\nBid-YTW : 6.94 %<\/td>\n<\/tr>\n<tr>\n<td>RY.PR.Z<\/td>\n<td>FixedReset Disc<\/td>\n<td>1.90 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-07-22<br \/>\nMaturity Price  : 20.43<br \/>\nEvaluated at bid price : 20.43<br \/>\nBid-YTW : 6.16 %<\/td>\n<\/tr>\n<tr>\n<td>NA.PR.S<\/td>\n<td>FixedReset Disc<\/td>\n<td>1.93 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-07-22<br \/>\nMaturity Price  : 20.55<br \/>\nEvaluated at bid price : 20.55<br \/>\nBid-YTW : 6.30 %<\/td>\n<\/tr>\n<tr>\n<td>GWO.PR.P<\/td>\n<td>Insurance Straight<\/td>\n<td>1.97 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-07-22<br \/>\nMaturity Price  : 22.03<br \/>\nEvaluated at bid price : 22.26<br \/>\nBid-YTW : 6.12 %<\/td>\n<\/tr>\n<tr>\n<td>TD.PF.B<\/td>\n<td>FixedReset Disc<\/td>\n<td>1.98 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-07-22<br \/>\nMaturity Price  : 20.08<br \/>\nEvaluated at bid price : 20.08<br \/>\nBid-YTW : 6.24 %<\/td>\n<\/tr>\n<tr>\n<td>TD.PF.A<\/td>\n<td>FixedReset Disc<\/td>\n<td>2.04 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-07-22<br \/>\nMaturity Price  : 20.05<br \/>\nEvaluated at bid price : 20.05<br \/>\nBid-YTW : 6.19 %<\/td>\n<\/tr>\n<tr>\n<td>NA.PR.W<\/td>\n<td>FixedReset Disc<\/td>\n<td>2.14 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-07-22<br \/>\nMaturity Price  : 19.61<br \/>\nEvaluated at bid price : 19.61<br \/>\nBid-YTW : 6.32 %<\/td>\n<\/tr>\n<tr>\n<td>FTS.PR.H<\/td>\n<td>FixedReset Disc<\/td>\n<td>2.14 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-07-22<br \/>\nMaturity Price  : 13.35<br \/>\nEvaluated at bid price : 13.35<br \/>\nBid-YTW : 7.33 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PR.X<\/td>\n<td>FixedReset Disc<\/td>\n<td>2.41 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-07-22<br \/>\nMaturity Price  : 17.00<br \/>\nEvaluated at bid price : 17.00<br \/>\nBid-YTW : 6.96 %<\/td>\n<\/tr>\n<tr>\n<td>BMO.PR.T<\/td>\n<td>FixedReset Disc<\/td>\n<td>3.49 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-07-22<br \/>\nMaturity Price  : 20.18<br \/>\nEvaluated at bid price : 20.18<br \/>\nBid-YTW : 6.23 %<\/td>\n<\/tr>\n<tr>\n<td>TD.PF.D<\/td>\n<td>FixedReset Disc<\/td>\n<td>4.80 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-07-22<br \/>\nMaturity Price  : 20.75<br \/>\nEvaluated at bid price : 20.75<br \/>\nBid-YTW : 6.33 %<\/td>\n<\/tr>\n<tr>\n<td>TD.PF.C<\/td>\n<td>FixedReset Disc<\/td>\n<td>6.30 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-07-22<br \/>\nMaturity Price  : 20.41<br \/>\nEvaluated at bid price : 20.41<br \/>\nBid-YTW : 6.10 %<\/td>\n<\/tr>\n<tr>\n<td>TRP.PR.A<\/td>\n<td>FixedReset Disc<\/td>\n<td>10.98 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-07-22<br \/>\nMaturity Price  : 14.65<br \/>\nEvaluated at bid price : 14.65<br \/>\nBid-YTW : 7.89 %<\/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>TD.PF.A<\/td>\n<td>FixedReset Disc<\/td>\n<td>89,300<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-07-22<br \/>\nMaturity Price  : 20.05<br \/>\nEvaluated at bid price : 20.05<br \/>\nBid-YTW : 6.19 %<\/td>\n<\/tr>\n<tr>\n<td>CM.PR.S<\/td>\n<td>FixedReset Disc<\/td>\n<td>47,500<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-07-22<br \/>\nMaturity Price  : 22.29<br \/>\nEvaluated at bid price : 23.06<br \/>\nBid-YTW : 5.76 %<\/td>\n<\/tr>\n<tr>\n<td>BMO.PR.F<\/td>\n<td>FixedReset Prem<\/td>\n<td>40,900<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Call<br \/>\nMaturity Date\t: 2024-05-25<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 25.05<br \/>\nBid-YTW : 5.47 %<\/td>\n<\/tr>\n<tr>\n<td>MFC.PR.I<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>40,340<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-07-22<br \/>\nMaturity Price  : 23.35<br \/>\nEvaluated at bid price : 24.44<br \/>\nBid-YTW : 5.92 %<\/td>\n<\/tr>\n<tr>\n<td>MFC.PR.Q<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>34,600<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-07-22<br \/>\nMaturity Price  : 20.47<br \/>\nEvaluated at bid price : 20.47<br \/>\nBid-YTW : 6.70 %<\/td>\n<\/tr>\n<tr>\n<td>TD.PF.C<\/td>\n<td>FixedReset Disc<\/td>\n<td>21,400<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-07-22<br \/>\nMaturity Price  : 20.41<br \/>\nEvaluated at bid price : 20.41<br \/>\nBid-YTW : 6.10 %<\/td>\n<\/tr>\n<tr>\n<td colspan=\"4\">There were 13 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>BMO.PR.W<\/td>\n<td>FixedReset Disc<\/td>\n<td>Quote: 20.10 &#8211; 24.50<br \/>\nSpot Rate  :  4.4000<br \/>\nAverage  :  2.4691<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-07-22<br \/>\nMaturity Price  : 20.10<br \/>\nEvaluated at bid price : 20.10<br \/>\nBid-YTW : 6.24 %<\/td>\n<\/tr>\n<tr>\n<td>CU.PR.C<\/td>\n<td>FixedReset Disc<\/td>\n<td>Quote: 20.07 &#8211; 22.20<br \/>\nSpot Rate  :  2.1300<br \/>\nAverage  :  1.2933<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-07-22<br \/>\nMaturity Price  : 20.07<br \/>\nEvaluated at bid price : 20.07<br \/>\nBid-YTW : 6.69 %<\/td>\n<\/tr>\n<tr>\n<td>TRP.PR.E<\/td>\n<td>FixedReset Disc<\/td>\n<td>Quote: 16.20 &#8211; 18.00<br \/>\nSpot Rate  :  1.8000<br \/>\nAverage  :  1.1277<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-07-22<br \/>\nMaturity Price  : 16.20<br \/>\nEvaluated at bid price : 16.20<br \/>\nBid-YTW : 7.79 %<\/td>\n<\/tr>\n<tr>\n<td>FTS.PR.M<\/td>\n<td>FixedReset Disc<\/td>\n<td>Quote: 18.45 &#8211; 20.10<br \/>\nSpot Rate  :  1.6500<br \/>\nAverage  :  1.0050<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-07-22<br \/>\nMaturity Price  : 18.45<br \/>\nEvaluated at bid price : 18.45<br \/>\nBid-YTW : 7.10 %<\/td>\n<\/tr>\n<tr>\n<td>MFC.PR.M<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>Quote: 17.76 &#8211; 22.00<br \/>\nSpot Rate  :  4.2400<br \/>\nAverage  :  3.6109<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-07-22<br \/>\nMaturity Price  : 17.76<br \/>\nEvaluated at bid price : 17.76<br \/>\nBid-YTW : 7.17 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PF.B<\/td>\n<td>FixedReset Disc<\/td>\n<td>Quote: 18.70 &#8211; 20.00<br \/>\nSpot Rate  :  1.3000<br \/>\nAverage  :  0.7617<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-07-22<br \/>\nMaturity Price  : 18.70<br \/>\nEvaluated at bid price : 18.70<br \/>\nBid-YTW : 7.30 %<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>US PMI contracted: The S&amp;P Global flash composite purchasing managers output index slid 4.8 points to 47.5, the weakest reading since May 2020, the group reported Friday. Outside of the early months of the pandemic, &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-43899","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/43899","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=43899"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/43899\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=43899"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=43899"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=43899"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}