{"id":43924,"date":"2022-07-28T19:35:14","date_gmt":"2022-07-29T00:35:14","guid":{"rendered":"https:\/\/prefblog.com\/?p=43924"},"modified":"2022-07-28T19:35:14","modified_gmt":"2022-07-29T00:35:14","slug":"july-28-2022","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=43924","title":{"rendered":"July 28, 2022"},"content":{"rendered":"<div align=\"center\"><a href=\"https:\/\/prefblog.com\/wp-content\/uploads\/2022\/07\/unicorn_220728.jpg\"><img decoding=\"async\" src=\"https:\/\/prefblog.com\/wp-content\/uploads\/2022\/07\/unicorn_220728.jpg\" width=\"400\"><\/a><\/div>\n<p>TXPR <a href=\"https:\/\/money.tmx.com\/en\/quote\/%5ETXPR\">closed at 601.46<\/a>, up 1.02% on the day. Volume today was 1.49-million, well above the median of the past 21 trading days.<\/p>\n<p>CPD <a href=\"https:\/\/web.tmxmoney.com\/quote.php?qm_symbol=cpd\">closed at 12.00<\/a>, up 1.61% on the day. Volume was 42,290, well below the median of the past 21 trading days.<\/p>\n<p>ZPR <a href=\"https:\/\/web.tmxmoney.com\/quote.php?qm_symbol=zpr\">closed at 9.99<\/a>, up 0.91% on the day. Volume of 103,910 was below the median of the past 21 trading days.<\/p>\n<p>Five-year Canada yields were <a href=\"https:\/\/www.investing.com\/rates-bonds\/canada-5-year-bond-yield-historical-data\">down sharply to 2.64%<\/a> today. I find this all very peculiar. It seems that the market has decided that since the central banks have huffed and puffed, inflation has been blown down and we can start worrying about new things. Well, it may be true, but I&#8217;m not as sanguine as all that &#8211; they haven&#8217;t even finished hiking their policy rates yet! Another factor, I think, is that fourteen years of financial repression has convinced many players that sub-1% interest rates are completely normal. This is another thing I have difficulty swallowing. We&#8217;ll see!<\/p>\n<p>US GDP was <a href=\"https:\/\/www.nytimes.com\/live\/2022\/07\/28\/business\/gdp-inflation-news\">down a bit<\/a>:<\/p>\n<blockquote><p>A key measure of economic output fell for the second straight quarter, raising fears that the United States could be entering a recession \u2014 or perhaps that one had begun.<\/p>\n<p>Gross domestic product, adjusted for inflation, fell 0.2 percent in the second quarter, the equivalent of an 0.9 percent annual rate of decline, the Commerce Department said Thursday.<\/p>\n<p>The 0.2 percent decline followed a contraction of 0.4 percent in the first three months of the year \u2014 meaning that by one common but unofficial definition, the U.S. economy has entered a recession a mere two years after it emerged from the last one.<\/p>\n<p>Most economists still don\u2019t think the economy meets the formal definition of a recession, which is based on a broader set of indicators including measures of income, spending and employment. The G.D.P. data itself will also be revised several times in the months ahead.<\/p><\/blockquote>\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>-0.2889 %<\/td>\n<td>2,430.5<\/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>-0.2889 %<\/td>\n<td>4,661.7<\/td>\n<\/tr>\n<tr>\n<td>Floater<\/td>\n<td>6.50 %<\/td>\n<td>6.57 %<\/td>\n<td>36,364<\/td>\n<td>13.08<\/td>\n<td>3<\/td>\n<td>-0.2889 %<\/td>\n<td>2,686.6<\/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>-0.0207 %<\/td>\n<td>3,448.8<\/td>\n<\/tr>\n<tr>\n<td>SplitShare<\/td>\n<td>4.93 %<\/td>\n<td>5.89 %<\/td>\n<td>38,645<\/td>\n<td>3.11<\/td>\n<td>8<\/td>\n<td>-0.0207 %<\/td>\n<td>4,118.5<\/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>-0.0207 %<\/td>\n<td>3,213.5<\/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>0.9533 %<\/td>\n<td>2,850.8<\/td>\n<\/tr>\n<tr>\n<td>Perpetual-Discount<\/td>\n<td>5.98 %<\/td>\n<td>6.12 %<\/td>\n<td>73,572<\/td>\n<td>13.76<\/td>\n<td>34<\/td>\n<td>0.9533 %<\/td>\n<td>3,108.7<\/td>\n<\/tr>\n<tr>\n<td>FixedReset Disc<\/td>\n<td>4.85 %<\/td>\n<td>5.93 %<\/td>\n<td>120,693<\/td>\n<td>14.31<\/td>\n<td>56<\/td>\n<td>0.7168 %<\/td>\n<td>2,431.6<\/td>\n<\/tr>\n<tr>\n<td>Insurance Straight<\/td>\n<td>5.92 %<\/td>\n<td>6.04 %<\/td>\n<td>87,934<\/td>\n<td>13.82<\/td>\n<td>18<\/td>\n<td>1.2723 %<\/td>\n<td>3,037.2<\/td>\n<\/tr>\n<tr>\n<td>FloatingReset<\/td>\n<td>7.08 %<\/td>\n<td>7.31 %<\/td>\n<td>42,593<\/td>\n<td>12.13<\/td>\n<td>2<\/td>\n<td>1.3536 %<\/td>\n<td>2,491.8<\/td>\n<\/tr>\n<tr>\n<td>FixedReset Prem<\/td>\n<td>5.06 %<\/td>\n<td>5.06 %<\/td>\n<td>130,826<\/td>\n<td>3.06<\/td>\n<td>10<\/td>\n<td>0.0120 %<\/td>\n<td>2,575.2<\/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>0.7168 %<\/td>\n<td>2,485.5<\/td>\n<\/tr>\n<tr>\n<td>FixedReset Ins Non<\/td>\n<td>4.95 %<\/td>\n<td>6.38 %<\/td>\n<td>56,194<\/td>\n<td>13.46<\/td>\n<td>14<\/td>\n<td>0.6970 %<\/td>\n<td>2,465.7<\/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>MFC.PR.K<\/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: 2052-07-28<br \/>\nMaturity Price  : 19.11<br \/>\nEvaluated at bid price : 19.11<br \/>\nBid-YTW : 6.48 %<\/td>\n<\/tr>\n<tr>\n<td>ELF.PR.H<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-1.74 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-07-28<br \/>\nMaturity Price  : 22.39<br \/>\nEvaluated at bid price : 22.65<br \/>\nBid-YTW : 6.12 %<\/td>\n<\/tr>\n<tr>\n<td>BIP.PR.F<\/td>\n<td>FixedReset Disc<\/td>\n<td>-1.49 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-07-28<br \/>\nMaturity Price  : 22.72<br \/>\nEvaluated at bid price : 23.15<br \/>\nBid-YTW : 6.06 %<\/td>\n<\/tr>\n<tr>\n<td>PVS.PR.I<\/td>\n<td>SplitShare<\/td>\n<td>-1.23 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Hard Maturity<br \/>\nMaturity Date\t: 2025-10-31<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 24.05<br \/>\nBid-YTW : 6.32 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PR.Z<\/td>\n<td>FixedReset Disc<\/td>\n<td>1.03 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-07-28<br \/>\nMaturity Price  : 21.48<br \/>\nEvaluated at bid price : 21.48<br \/>\nBid-YTW : 6.62 %<\/td>\n<\/tr>\n<tr>\n<td>FTS.PR.H<\/td>\n<td>FixedReset Disc<\/td>\n<td>1.04 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-07-28<br \/>\nMaturity Price  : 13.57<br \/>\nEvaluated at bid price : 13.57<br \/>\nBid-YTW : 6.93 %<\/td>\n<\/tr>\n<tr>\n<td>MFC.PR.B<\/td>\n<td>Insurance Straight<\/td>\n<td>1.05 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-07-28<br \/>\nMaturity Price  : 20.20<br \/>\nEvaluated at bid price : 20.20<br \/>\nBid-YTW : 5.84 %<\/td>\n<\/tr>\n<tr>\n<td>CU.PR.E<\/td>\n<td>Perpetual-Discount<\/td>\n<td>1.05 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-07-28<br \/>\nMaturity Price  : 21.12<br \/>\nEvaluated at bid price : 21.12<br \/>\nBid-YTW : 5.91 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PF.B<\/td>\n<td>FixedReset Disc<\/td>\n<td>1.07 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-07-28<br \/>\nMaturity Price  : 18.95<br \/>\nEvaluated at bid price : 18.95<br \/>\nBid-YTW : 6.97 %<\/td>\n<\/tr>\n<tr>\n<td>MFC.PR.N<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>1.07 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-07-28<br \/>\nMaturity Price  : 17.90<br \/>\nEvaluated at bid price : 17.90<br \/>\nBid-YTW : 6.75 %<\/td>\n<\/tr>\n<tr>\n<td>MFC.PR.J<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>1.10 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-07-28<br \/>\nMaturity Price  : 21.23<br \/>\nEvaluated at bid price : 21.23<br \/>\nBid-YTW : 6.31 %<\/td>\n<\/tr>\n<tr>\n<td>POW.PR.G<\/td>\n<td>Perpetual-Discount<\/td>\n<td>1.11 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-07-28<br \/>\nMaturity Price  : 22.60<br \/>\nEvaluated at bid price : 22.85<br \/>\nBid-YTW : 6.18 %<\/td>\n<\/tr>\n<tr>\n<td>PWF.PR.E<\/td>\n<td>Perpetual-Discount<\/td>\n<td>1.13 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-07-28<br \/>\nMaturity Price  : 22.17<br \/>\nEvaluated at bid price : 22.45<br \/>\nBid-YTW : 6.15 %<\/td>\n<\/tr>\n<tr>\n<td>PWF.PR.K<\/td>\n<td>Perpetual-Discount<\/td>\n<td>1.14 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-07-28<br \/>\nMaturity Price  : 20.35<br \/>\nEvaluated at bid price : 20.35<br \/>\nBid-YTW : 6.12 %<\/td>\n<\/tr>\n<tr>\n<td>PWF.PR.H<\/td>\n<td>Perpetual-Discount<\/td>\n<td>1.15 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-07-28<br \/>\nMaturity Price  : 23.38<br \/>\nEvaluated at bid price : 23.67<br \/>\nBid-YTW : 6.10 %<\/td>\n<\/tr>\n<tr>\n<td>PWF.PR.F<\/td>\n<td>Perpetual-Discount<\/td>\n<td>1.17 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-07-28<br \/>\nMaturity Price  : 21.38<br \/>\nEvaluated at bid price : 21.65<br \/>\nBid-YTW : 6.09 %<\/td>\n<\/tr>\n<tr>\n<td>FTS.PR.K<\/td>\n<td>FixedReset Disc<\/td>\n<td>1.18 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-07-28<br \/>\nMaturity Price  : 17.20<br \/>\nEvaluated at bid price : 17.20<br \/>\nBid-YTW : 6.90 %<\/td>\n<\/tr>\n<tr>\n<td>POW.PR.C<\/td>\n<td>Perpetual-Discount<\/td>\n<td>1.19 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-07-28<br \/>\nMaturity Price  : 23.61<br \/>\nEvaluated at bid price : 23.88<br \/>\nBid-YTW : 6.12 %<\/td>\n<\/tr>\n<tr>\n<td>TRP.PR.F<\/td>\n<td>FloatingReset<\/td>\n<td>1.27 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-07-28<br \/>\nMaturity Price  : 15.95<br \/>\nEvaluated at bid price : 15.95<br \/>\nBid-YTW : 7.31 %<\/td>\n<\/tr>\n<tr>\n<td>TRP.PR.C<\/td>\n<td>FixedReset Disc<\/td>\n<td>1.30 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-07-28<br \/>\nMaturity Price  : 12.51<br \/>\nEvaluated at bid price : 12.51<br \/>\nBid-YTW : 7.42 %<\/td>\n<\/tr>\n<tr>\n<td>SLF.PR.C<\/td>\n<td>Insurance Straight<\/td>\n<td>1.31 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-07-28<br \/>\nMaturity Price  : 19.35<br \/>\nEvaluated at bid price : 19.35<br \/>\nBid-YTW : 5.82 %<\/td>\n<\/tr>\n<tr>\n<td>TD.PF.K<\/td>\n<td>FixedReset Disc<\/td>\n<td>1.31 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-07-28<br \/>\nMaturity Price  : 22.68<br \/>\nEvaluated at bid price : 23.15<br \/>\nBid-YTW : 5.67 %<\/td>\n<\/tr>\n<tr>\n<td>TD.PF.C<\/td>\n<td>FixedReset Disc<\/td>\n<td>1.32 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-07-28<br \/>\nMaturity Price  : 20.75<br \/>\nEvaluated at bid price : 20.75<br \/>\nBid-YTW : 5.80 %<\/td>\n<\/tr>\n<tr>\n<td>PWF.PR.R<\/td>\n<td>Perpetual-Discount<\/td>\n<td>1.35 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-07-28<br \/>\nMaturity Price  : 22.28<br \/>\nEvaluated at bid price : 22.55<br \/>\nBid-YTW : 6.12 %<\/td>\n<\/tr>\n<tr>\n<td>PWF.PR.Z<\/td>\n<td>Perpetual-Discount<\/td>\n<td>1.39 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-07-28<br \/>\nMaturity Price  : 21.15<br \/>\nEvaluated at bid price : 21.15<br \/>\nBid-YTW : 6.13 %<\/td>\n<\/tr>\n<tr>\n<td>CM.PR.O<\/td>\n<td>FixedReset Disc<\/td>\n<td>1.43 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-07-28<br \/>\nMaturity Price  : 21.30<br \/>\nEvaluated at bid price : 21.30<br \/>\nBid-YTW : 5.72 %<\/td>\n<\/tr>\n<tr>\n<td>SLF.PR.J<\/td>\n<td>FloatingReset<\/td>\n<td>1.44 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-07-28<br \/>\nMaturity Price  : 14.75<br \/>\nEvaluated at bid price : 14.75<br \/>\nBid-YTW : 7.03 %<\/td>\n<\/tr>\n<tr>\n<td>TD.PF.D<\/td>\n<td>FixedReset Disc<\/td>\n<td>1.47 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-07-28<br \/>\nMaturity Price  : 21.35<br \/>\nEvaluated at bid price : 21.35<br \/>\nBid-YTW : 5.97 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PR.M<\/td>\n<td>Perpetual-Discount<\/td>\n<td>1.49 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-07-28<br \/>\nMaturity Price  : 19.81<br \/>\nEvaluated at bid price : 19.81<br \/>\nBid-YTW : 6.07 %<\/td>\n<\/tr>\n<tr>\n<td>POW.PR.A<\/td>\n<td>Perpetual-Discount<\/td>\n<td>1.51 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-07-28<br \/>\nMaturity Price  : 22.67<br \/>\nEvaluated at bid price : 22.91<br \/>\nBid-YTW : 6.16 %<\/td>\n<\/tr>\n<tr>\n<td>RY.PR.O<\/td>\n<td>Perpetual-Discount<\/td>\n<td>1.52 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-07-28<br \/>\nMaturity Price  : 23.00<br \/>\nEvaluated at bid price : 23.40<br \/>\nBid-YTW : 5.22 %<\/td>\n<\/tr>\n<tr>\n<td>GWO.PR.R<\/td>\n<td>Insurance Straight<\/td>\n<td>1.55 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-07-28<br \/>\nMaturity Price  : 20.31<br \/>\nEvaluated at bid price : 20.31<br \/>\nBid-YTW : 5.98 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PR.N<\/td>\n<td>Perpetual-Discount<\/td>\n<td>1.55 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-07-28<br \/>\nMaturity Price  : 19.60<br \/>\nEvaluated at bid price : 19.60<br \/>\nBid-YTW : 6.14 %<\/td>\n<\/tr>\n<tr>\n<td>TRP.PR.A<\/td>\n<td>FixedReset Disc<\/td>\n<td>1.60 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-07-28<br \/>\nMaturity Price  : 15.24<br \/>\nEvaluated at bid price : 15.24<br \/>\nBid-YTW : 7.33 %<\/td>\n<\/tr>\n<tr>\n<td>GWO.PR.M<\/td>\n<td>Insurance Straight<\/td>\n<td>1.65 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-07-28<br \/>\nMaturity Price  : 23.69<br \/>\nEvaluated at bid price : 24.00<br \/>\nBid-YTW : 6.11 %<\/td>\n<\/tr>\n<tr>\n<td>GWO.PR.L<\/td>\n<td>Insurance Straight<\/td>\n<td>1.71 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-07-28<br \/>\nMaturity Price  : 22.93<br \/>\nEvaluated at bid price : 23.20<br \/>\nBid-YTW : 6.15 %<\/td>\n<\/tr>\n<tr>\n<td>SLF.PR.E<\/td>\n<td>Insurance Straight<\/td>\n<td>1.71 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-07-28<br \/>\nMaturity Price  : 19.60<br \/>\nEvaluated at bid price : 19.60<br \/>\nBid-YTW : 5.81 %<\/td>\n<\/tr>\n<tr>\n<td>MFC.PR.L<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>1.71 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-07-28<br \/>\nMaturity Price  : 17.80<br \/>\nEvaluated at bid price : 17.80<br \/>\nBid-YTW : 6.73 %<\/td>\n<\/tr>\n<tr>\n<td>POW.PR.B<\/td>\n<td>Perpetual-Discount<\/td>\n<td>1.76 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-07-28<br \/>\nMaturity Price  : 21.75<br \/>\nEvaluated at bid price : 22.00<br \/>\nBid-YTW : 6.13 %<\/td>\n<\/tr>\n<tr>\n<td>MFC.PR.Q<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>1.85 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-07-28<br \/>\nMaturity Price  : 20.94<br \/>\nEvaluated at bid price : 20.94<br \/>\nBid-YTW : 6.32 %<\/td>\n<\/tr>\n<tr>\n<td>RY.PR.Z<\/td>\n<td>FixedReset Disc<\/td>\n<td>1.92 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-07-28<br \/>\nMaturity Price  : 21.21<br \/>\nEvaluated at bid price : 21.21<br \/>\nBid-YTW : 5.64 %<\/td>\n<\/tr>\n<tr>\n<td>GWO.PR.Y<\/td>\n<td>Insurance Straight<\/td>\n<td>1.95 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-07-28<br \/>\nMaturity Price  : 19.32<br \/>\nEvaluated at bid price : 19.32<br \/>\nBid-YTW : 5.90 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PR.T<\/td>\n<td>FixedReset Disc<\/td>\n<td>1.96 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-07-28<br \/>\nMaturity Price  : 16.65<br \/>\nEvaluated at bid price : 16.65<br \/>\nBid-YTW : 7.05 %<\/td>\n<\/tr>\n<tr>\n<td>MFC.PR.M<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>2.01 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-07-28<br \/>\nMaturity Price  : 18.30<br \/>\nEvaluated at bid price : 18.30<br \/>\nBid-YTW : 6.73 %<\/td>\n<\/tr>\n<tr>\n<td>IFC.PR.G<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>2.02 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-07-28<br \/>\nMaturity Price  : 20.75<br \/>\nEvaluated at bid price : 20.75<br \/>\nBid-YTW : 6.38 %<\/td>\n<\/tr>\n<tr>\n<td>GWO.PR.S<\/td>\n<td>Insurance Straight<\/td>\n<td>2.05 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-07-28<br \/>\nMaturity Price  : 21.64<br \/>\nEvaluated at bid price : 21.95<br \/>\nBid-YTW : 6.04 %<\/td>\n<\/tr>\n<tr>\n<td>PWF.PF.A<\/td>\n<td>Perpetual-Discount<\/td>\n<td>2.05 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-07-28<br \/>\nMaturity Price  : 18.90<br \/>\nEvaluated at bid price : 18.90<br \/>\nBid-YTW : 5.99 %<\/td>\n<\/tr>\n<tr>\n<td>GWO.PR.G<\/td>\n<td>Insurance Straight<\/td>\n<td>2.07 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-07-28<br \/>\nMaturity Price  : 21.38<br \/>\nEvaluated at bid price : 21.65<br \/>\nBid-YTW : 6.07 %<\/td>\n<\/tr>\n<tr>\n<td>NA.PR.E<\/td>\n<td>FixedReset Disc<\/td>\n<td>2.09 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-07-28<br \/>\nMaturity Price  : 22.79<br \/>\nEvaluated at bid price : 23.40<br \/>\nBid-YTW : 5.59 %<\/td>\n<\/tr>\n<tr>\n<td>PWF.PR.P<\/td>\n<td>FixedReset Disc<\/td>\n<td>2.14 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-07-28<br \/>\nMaturity Price  : 13.35<br \/>\nEvaluated at bid price : 13.35<br \/>\nBid-YTW : 7.09 %<\/td>\n<\/tr>\n<tr>\n<td>NA.PR.S<\/td>\n<td>FixedReset Disc<\/td>\n<td>2.14 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-07-28<br \/>\nMaturity Price  : 21.45<br \/>\nEvaluated at bid price : 21.45<br \/>\nBid-YTW : 5.83 %<\/td>\n<\/tr>\n<tr>\n<td>MFC.PR.C<\/td>\n<td>Insurance Straight<\/td>\n<td>2.37 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-07-28<br \/>\nMaturity Price  : 19.45<br \/>\nEvaluated at bid price : 19.45<br \/>\nBid-YTW : 5.87 %<\/td>\n<\/tr>\n<tr>\n<td>IFC.PR.K<\/td>\n<td>Perpetual-Discount<\/td>\n<td>2.38 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-07-28<br \/>\nMaturity Price  : 21.59<br \/>\nEvaluated at bid price : 21.91<br \/>\nBid-YTW : 6.05 %<\/td>\n<\/tr>\n<tr>\n<td>GWO.PR.Q<\/td>\n<td>Insurance Straight<\/td>\n<td>2.39 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-07-28<br \/>\nMaturity Price  : 21.46<br \/>\nEvaluated at bid price : 21.46<br \/>\nBid-YTW : 6.08 %<\/td>\n<\/tr>\n<tr>\n<td>CU.PR.C<\/td>\n<td>FixedReset Disc<\/td>\n<td>2.96 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-07-28<br \/>\nMaturity Price  : 20.90<br \/>\nEvaluated at bid price : 20.90<br \/>\nBid-YTW : 6.25 %<\/td>\n<\/tr>\n<tr>\n<td>NA.PR.G<\/td>\n<td>FixedReset Disc<\/td>\n<td>3.02 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-07-28<br \/>\nMaturity Price  : 23.44<br \/>\nEvaluated at bid price : 23.90<br \/>\nBid-YTW : 5.67 %<\/td>\n<\/tr>\n<tr>\n<td>NA.PR.W<\/td>\n<td>FixedReset Disc<\/td>\n<td>3.65 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-07-28<br \/>\nMaturity Price  : 20.71<br \/>\nEvaluated at bid price : 20.71<br \/>\nBid-YTW : 5.79 %<\/td>\n<\/tr>\n<tr>\n<td>CU.PR.H<\/td>\n<td>Perpetual-Discount<\/td>\n<td>4.63 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-07-28<br \/>\nMaturity Price  : 22.31<br \/>\nEvaluated at bid price : 22.60<br \/>\nBid-YTW : 5.90 %<\/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>CU.PR.C<\/td>\n<td>FixedReset Disc<\/td>\n<td>106,700<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-07-28<br \/>\nMaturity Price  : 20.90<br \/>\nEvaluated at bid price : 20.90<br \/>\nBid-YTW : 6.25 %<\/td>\n<\/tr>\n<tr>\n<td>PWF.PF.A<\/td>\n<td>Perpetual-Discount<\/td>\n<td>59,549<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-07-28<br \/>\nMaturity Price  : 18.90<br \/>\nEvaluated at bid price : 18.90<br \/>\nBid-YTW : 5.99 %<\/td>\n<\/tr>\n<tr>\n<td>TD.PF.A<\/td>\n<td>FixedReset Disc<\/td>\n<td>51,000<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-07-28<br \/>\nMaturity Price  : 20.63<br \/>\nEvaluated at bid price : 20.63<br \/>\nBid-YTW : 5.80 %<\/td>\n<\/tr>\n<tr>\n<td>CM.PR.O<\/td>\n<td>FixedReset Disc<\/td>\n<td>29,723<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-07-28<br \/>\nMaturity Price  : 21.30<br \/>\nEvaluated at bid price : 21.30<br \/>\nBid-YTW : 5.72 %<\/td>\n<\/tr>\n<tr>\n<td>MFC.PR.M<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>28,200<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-07-28<br \/>\nMaturity Price  : 18.30<br \/>\nEvaluated at bid price : 18.30<br \/>\nBid-YTW : 6.73 %<\/td>\n<\/tr>\n<tr>\n<td>GWO.PR.Y<\/td>\n<td>Insurance Straight<\/td>\n<td>26,876<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-07-28<br \/>\nMaturity Price  : 19.32<br \/>\nEvaluated at bid price : 19.32<br \/>\nBid-YTW : 5.90 %<\/td>\n<\/tr>\n<tr>\n<td colspan=\"4\">There were 20 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>BAM.PR.T<\/td>\n<td>FixedReset Disc<\/td>\n<td>Quote: 16.65 &#8211; 19.33<br \/>\nSpot Rate  :  2.6800<br \/>\nAverage  :  1.7182<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-07-28<br \/>\nMaturity Price  : 16.65<br \/>\nEvaluated at bid price : 16.65<br \/>\nBid-YTW : 7.05 %<\/td>\n<\/tr>\n<tr>\n<td>CU.PR.G<\/td>\n<td>Perpetual-Discount<\/td>\n<td>Quote: 19.30 &#8211; 23.00<br \/>\nSpot Rate  :  3.7000<br \/>\nAverage  :  2.9120<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-07-28<br \/>\nMaturity Price  : 19.30<br \/>\nEvaluated at bid price : 19.30<br \/>\nBid-YTW : 5.94 %<\/td>\n<\/tr>\n<tr>\n<td>FTS.PR.M<\/td>\n<td>FixedReset Disc<\/td>\n<td>Quote: 18.50 &#8211; 20.10<br \/>\nSpot Rate  :  1.6000<br \/>\nAverage  :  0.9665<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-07-28<br \/>\nMaturity Price  : 18.50<br \/>\nEvaluated at bid price : 18.50<br \/>\nBid-YTW : 6.85 %<\/td>\n<\/tr>\n<tr>\n<td>TRP.PR.G<\/td>\n<td>FixedReset Disc<\/td>\n<td>Quote: 18.20 &#8211; 20.05<br \/>\nSpot Rate  :  1.8500<br \/>\nAverage  :  1.2216<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-07-28<br \/>\nMaturity Price  : 18.20<br \/>\nEvaluated at bid price : 18.20<br \/>\nBid-YTW : 7.13 %<\/td>\n<\/tr>\n<tr>\n<td>GWO.PR.I<\/td>\n<td>Insurance Straight<\/td>\n<td>Quote: 19.10 &#8211; 20.50<br \/>\nSpot Rate  :  1.4000<br \/>\nAverage  :  0.7984<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-07-28<br \/>\nMaturity Price  : 19.10<br \/>\nEvaluated at bid price : 19.10<br \/>\nBid-YTW : 5.97 %<\/td>\n<\/tr>\n<tr>\n<td>IFC.PR.K<\/td>\n<td>Perpetual-Discount<\/td>\n<td>Quote: 21.91 &#8211; 23.47<br \/>\nSpot Rate  :  1.5600<br \/>\nAverage  :  1.0518<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-07-28<br \/>\nMaturity Price  : 21.59<br \/>\nEvaluated at bid price : 21.91<br \/>\nBid-YTW : 6.05 %<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>TXPR closed at 601.46, up 1.02% on the day. Volume today was 1.49-million, well above the median of the past 21 trading days. CPD closed at 12.00, up 1.61% on the day. Volume was 42,290, &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-43924","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/43924","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=43924"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/43924\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=43924"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=43924"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=43924"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}