{"id":43946,"date":"2022-08-03T19:17:23","date_gmt":"2022-08-04T00:17:23","guid":{"rendered":"https:\/\/prefblog.com\/?p=43946"},"modified":"2022-08-03T19:17:23","modified_gmt":"2022-08-04T00:17:23","slug":"august-3-2022","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=43946","title":{"rendered":"August 3, 2022"},"content":{"rendered":"<div align=\"center\"><a href=\"https:\/\/prefblog.com\/wp-content\/uploads\/2022\/08\/unicorn_220803.jpg\"><img decoding=\"async\" src=\"https:\/\/prefblog.com\/wp-content\/uploads\/2022\/08\/unicorn_220803.jpg\" width=\"400\"><\/a><\/div>\n<p>TXPR <a href=\"https:\/\/money.tmx.com\/en\/quote\/%5ETXPR\">closed at 617.59<\/a>, up 1.01% on the day. Volume today was 1.28-million, about 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 12.26<\/a>, up 0.74% on the day. Volume was 51,390, near 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 10.25<\/a>, up 0.79% on the day. Volume of 191,830 was above 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\">up significantly to 2.83%<\/a> today.<\/p>\n<p>PerpetualDiscounts now yield 6.10%, equivalent to 7.93% 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> continue to yield 4.84%, so the pre-tax interest-equivalent spread (in this context, the \u201cSeniority Spread\u201d) has narrowed to 310bp from the 320bp reported  <a href=\"https:\/\/prefblog.com\/?p=43918\">July 27<\/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>0.00 %<\/td>\n<td>0.00 %<\/td>\n<td>0<\/td>\n<td>0.00<\/td>\n<td>0<\/td>\n<td>0.8102 %<\/td>\n<td>2,469.6<\/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>0.8102 %<\/td>\n<td>4,736.6<\/td>\n<\/tr>\n<tr>\n<td>Floater<\/td>\n<td>6.40 %<\/td>\n<td>6.51 %<\/td>\n<td>40,249<\/td>\n<td>13.15<\/td>\n<td>3<\/td>\n<td>0.8102 %<\/td>\n<td>2,729.7<\/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>-0.2348 %<\/td>\n<td>3,456.9<\/td>\n<\/tr>\n<tr>\n<td>SplitShare<\/td>\n<td>4.92 %<\/td>\n<td>5.90 %<\/td>\n<td>39,756<\/td>\n<td>3.10<\/td>\n<td>8<\/td>\n<td>-0.2348 %<\/td>\n<td>4,128.3<\/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>-0.2348 %<\/td>\n<td>3,221.0<\/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>-0.6557 %<\/td>\n<td>2,868.5<\/td>\n<\/tr>\n<tr>\n<td>Perpetual-Discount<\/td>\n<td>5.94 %<\/td>\n<td>6.10 %<\/td>\n<td>73,680<\/td>\n<td>13.79<\/td>\n<td>34<\/td>\n<td>-0.6557 %<\/td>\n<td>3,127.9<\/td>\n<\/tr>\n<tr>\n<td>FixedReset Disc<\/td>\n<td>4.73 %<\/td>\n<td>5.81 %<\/td>\n<td>114,477<\/td>\n<td>14.57<\/td>\n<td>55<\/td>\n<td>0.8535 %<\/td>\n<td>2,495.0<\/td>\n<\/tr>\n<tr>\n<td>Insurance Straight<\/td>\n<td>5.85 %<\/td>\n<td>5.96 %<\/td>\n<td>83,247<\/td>\n<td>13.93<\/td>\n<td>18<\/td>\n<td>0.2743 %<\/td>\n<td>3,073.5<\/td>\n<\/tr>\n<tr>\n<td>FloatingReset<\/td>\n<td>6.96 %<\/td>\n<td>7.25 %<\/td>\n<td>42,215<\/td>\n<td>12.20<\/td>\n<td>2<\/td>\n<td>1.1963 %<\/td>\n<td>2,540.5<\/td>\n<\/tr>\n<tr>\n<td>FixedReset Prem<\/td>\n<td>5.01 %<\/td>\n<td>4.60 %<\/td>\n<td>127,736<\/td>\n<td>1.89<\/td>\n<td>10<\/td>\n<td>0.2660 %<\/td>\n<td>2,603.1<\/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>0.8535 %<\/td>\n<td>2,550.4<\/td>\n<\/tr>\n<tr>\n<td>FixedReset Ins Non<\/td>\n<td>4.82 %<\/td>\n<td>6.25 %<\/td>\n<td>56,150<\/td>\n<td>13.79<\/td>\n<td>14<\/td>\n<td>1.0215 %<\/td>\n<td>2,531.9<\/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>RY.PR.S<\/td>\n<td>FixedReset Disc<\/td>\n<td>-3.07 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-08-03<br \/>\nMaturity Price  : 23.29<br \/>\nEvaluated at bid price : 23.70<br \/>\nBid-YTW : 5.31 %<\/td>\n<\/tr>\n<tr>\n<td>PWF.PR.H<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-2.11 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-08-03<br \/>\nMaturity Price  : 22.93<br \/>\nEvaluated at bid price : 23.20<br \/>\nBid-YTW : 6.23 %<\/td>\n<\/tr>\n<tr>\n<td>PWF.PR.Z<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-1.89 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-08-03<br \/>\nMaturity Price  : 21.24<br \/>\nEvaluated at bid price : 21.24<br \/>\nBid-YTW : 6.11 %<\/td>\n<\/tr>\n<tr>\n<td>PWF.PR.F<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-1.83 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-08-03<br \/>\nMaturity Price  : 21.45<br \/>\nEvaluated at bid price : 21.45<br \/>\nBid-YTW : 6.17 %<\/td>\n<\/tr>\n<tr>\n<td>PWF.PR.O<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-1.78 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-08-03<br \/>\nMaturity Price  : 22.96<br \/>\nEvaluated at bid price : 23.23<br \/>\nBid-YTW : 6.28 %<\/td>\n<\/tr>\n<tr>\n<td>BIP.PR.F<\/td>\n<td>FixedReset Disc<\/td>\n<td>-1.67 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-08-03<br \/>\nMaturity Price  : 23.05<br \/>\nEvaluated at bid price : 23.50<br \/>\nBid-YTW : 5.97 %<\/td>\n<\/tr>\n<tr>\n<td>PWF.PR.K<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-1.63 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-08-03<br \/>\nMaturity Price  : 20.46<br \/>\nEvaluated at bid price : 20.46<br \/>\nBid-YTW : 6.10 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PF.C<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-1.53 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-08-03<br \/>\nMaturity Price  : 19.94<br \/>\nEvaluated at bid price : 19.94<br \/>\nBid-YTW : 6.17 %<\/td>\n<\/tr>\n<tr>\n<td>POW.PR.C<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-1.47 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-08-03<br \/>\nMaturity Price  : 23.21<br \/>\nEvaluated at bid price : 23.51<br \/>\nBid-YTW : 6.22 %<\/td>\n<\/tr>\n<tr>\n<td>PWF.PR.E<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-1.46 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-08-03<br \/>\nMaturity Price  : 22.01<br \/>\nEvaluated at bid price : 22.25<br \/>\nBid-YTW : 6.22 %<\/td>\n<\/tr>\n<tr>\n<td>PWF.PR.G<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-1.45 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-08-03<br \/>\nMaturity Price  : 23.48<br \/>\nEvaluated at bid price : 23.75<br \/>\nBid-YTW : 6.25 %<\/td>\n<\/tr>\n<tr>\n<td>GWO.PR.S<\/td>\n<td>Insurance Straight<\/td>\n<td>-1.36 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-08-03<br \/>\nMaturity Price  : 21.45<br \/>\nEvaluated at bid price : 21.75<br \/>\nBid-YTW : 6.10 %<\/td>\n<\/tr>\n<tr>\n<td>POW.PR.G<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-1.35 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-08-03<br \/>\nMaturity Price  : 22.33<br \/>\nEvaluated at bid price : 22.60<br \/>\nBid-YTW : 6.25 %<\/td>\n<\/tr>\n<tr>\n<td>PWF.PR.R<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-1.28 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-08-03<br \/>\nMaturity Price  : 22.08<br \/>\nEvaluated at bid price : 22.31<br \/>\nBid-YTW : 6.20 %<\/td>\n<\/tr>\n<tr>\n<td>POW.PR.B<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-1.13 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-08-03<br \/>\nMaturity Price  : 21.65<br \/>\nEvaluated at bid price : 21.90<br \/>\nBid-YTW : 6.16 %<\/td>\n<\/tr>\n<tr>\n<td>GWO.PR.P<\/td>\n<td>Insurance Straight<\/td>\n<td>-1.07 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-08-03<br \/>\nMaturity Price  : 21.98<br \/>\nEvaluated at bid price : 22.21<br \/>\nBid-YTW : 6.15 %<\/td>\n<\/tr>\n<tr>\n<td>MFC.PR.I<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>-1.05 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-08-03<br \/>\nMaturity Price  : 22.51<br \/>\nEvaluated at bid price : 23.45<br \/>\nBid-YTW : 5.96 %<\/td>\n<\/tr>\n<tr>\n<td>PVS.PR.G<\/td>\n<td>SplitShare<\/td>\n<td>-1.02 %<\/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 : 24.25<br \/>\nBid-YTW : 6.12 %<\/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: 2052-08-03<br \/>\nMaturity Price  : 19.95<br \/>\nEvaluated at bid price : 19.95<br \/>\nBid-YTW : 5.65 %<\/td>\n<\/tr>\n<tr>\n<td>GWO.PR.Y<\/td>\n<td>Insurance Straight<\/td>\n<td>1.03 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-08-03<br \/>\nMaturity Price  : 19.65<br \/>\nEvaluated at bid price : 19.65<br \/>\nBid-YTW : 5.80 %<\/td>\n<\/tr>\n<tr>\n<td>CU.PR.C<\/td>\n<td>FixedReset Disc<\/td>\n<td>1.05 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-08-03<br \/>\nMaturity Price  : 21.37<br \/>\nEvaluated at bid price : 21.37<br \/>\nBid-YTW : 6.00 %<\/td>\n<\/tr>\n<tr>\n<td>FTS.PR.M<\/td>\n<td>FixedReset Disc<\/td>\n<td>1.06 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-08-03<br \/>\nMaturity Price  : 19.15<br \/>\nEvaluated at bid price : 19.15<br \/>\nBid-YTW : 6.62 %<\/td>\n<\/tr>\n<tr>\n<td>TD.PF.B<\/td>\n<td>FixedReset Disc<\/td>\n<td>1.08 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-08-03<br \/>\nMaturity Price  : 21.31<br \/>\nEvaluated at bid price : 21.60<br \/>\nBid-YTW : 5.60 %<\/td>\n<\/tr>\n<tr>\n<td>CU.PR.I<\/td>\n<td>FixedReset Prem<\/td>\n<td>1.08 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Call<br \/>\nMaturity Date\t: 2025-12-01<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 25.14<br \/>\nBid-YTW : 4.23 %<\/td>\n<\/tr>\n<tr>\n<td>FTS.PR.H<\/td>\n<td>FixedReset Disc<\/td>\n<td>1.11 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-08-03<br \/>\nMaturity Price  : 13.65<br \/>\nEvaluated at bid price : 13.65<br \/>\nBid-YTW : 6.90 %<\/td>\n<\/tr>\n<tr>\n<td>TRP.PR.F<\/td>\n<td>FloatingReset<\/td>\n<td>1.13 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-08-03<br \/>\nMaturity Price  : 16.15<br \/>\nEvaluated at bid price : 16.15<br \/>\nBid-YTW : 7.25 %<\/td>\n<\/tr>\n<tr>\n<td>PWF.PR.T<\/td>\n<td>FixedReset Disc<\/td>\n<td>1.16 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-08-03<br \/>\nMaturity Price  : 19.17<br \/>\nEvaluated at bid price : 19.17<br \/>\nBid-YTW : 6.55 %<\/td>\n<\/tr>\n<tr>\n<td>IAF.PR.I<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>1.23 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-08-03<br \/>\nMaturity Price  : 23.21<br \/>\nEvaluated at bid price : 23.90<br \/>\nBid-YTW : 5.69 %<\/td>\n<\/tr>\n<tr>\n<td>SLF.PR.J<\/td>\n<td>FloatingReset<\/td>\n<td>1.27 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-08-03<br \/>\nMaturity Price  : 15.15<br \/>\nEvaluated at bid price : 15.15<br \/>\nBid-YTW : 6.87 %<\/td>\n<\/tr>\n<tr>\n<td>CU.PR.J<\/td>\n<td>Perpetual-Discount<\/td>\n<td>1.29 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-08-03<br \/>\nMaturity Price  : 20.75<br \/>\nEvaluated at bid price : 20.75<br \/>\nBid-YTW : 5.73 %<\/td>\n<\/tr>\n<tr>\n<td>ELF.PR.H<\/td>\n<td>Perpetual-Discount<\/td>\n<td>1.30 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-08-03<br \/>\nMaturity Price  : 23.09<br \/>\nEvaluated at bid price : 23.35<br \/>\nBid-YTW : 5.94 %<\/td>\n<\/tr>\n<tr>\n<td>TD.PF.A<\/td>\n<td>FixedReset Disc<\/td>\n<td>1.41 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-08-03<br \/>\nMaturity Price  : 21.24<br \/>\nEvaluated at bid price : 21.52<br \/>\nBid-YTW : 5.56 %<\/td>\n<\/tr>\n<tr>\n<td>SLF.PR.E<\/td>\n<td>Insurance Straight<\/td>\n<td>1.45 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-08-03<br \/>\nMaturity Price  : 20.29<br \/>\nEvaluated at bid price : 20.29<br \/>\nBid-YTW : 5.62 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PR.K<\/td>\n<td>Floater<\/td>\n<td>1.56 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-08-03<br \/>\nMaturity Price  : 13.00<br \/>\nEvaluated at bid price : 13.00<br \/>\nBid-YTW : 6.41 %<\/td>\n<\/tr>\n<tr>\n<td>CU.PR.G<\/td>\n<td>Perpetual-Discount<\/td>\n<td>1.66 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-08-03<br \/>\nMaturity Price  : 19.41<br \/>\nEvaluated at bid price : 19.41<br \/>\nBid-YTW : 5.81 %<\/td>\n<\/tr>\n<tr>\n<td>FTS.PR.K<\/td>\n<td>FixedReset Disc<\/td>\n<td>1.67 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-08-03<br \/>\nMaturity Price  : 18.30<br \/>\nEvaluated at bid price : 18.30<br \/>\nBid-YTW : 6.49 %<\/td>\n<\/tr>\n<tr>\n<td>CM.PR.O<\/td>\n<td>FixedReset Disc<\/td>\n<td>1.67 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-08-03<br \/>\nMaturity Price  : 21.52<br \/>\nEvaluated at bid price : 21.89<br \/>\nBid-YTW : 5.55 %<\/td>\n<\/tr>\n<tr>\n<td>MFC.PR.Q<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>1.70 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-08-03<br \/>\nMaturity Price  : 21.51<br \/>\nEvaluated at bid price : 21.51<br \/>\nBid-YTW : 6.16 %<\/td>\n<\/tr>\n<tr>\n<td>CU.PR.H<\/td>\n<td>Perpetual-Discount<\/td>\n<td>1.76 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-08-03<br \/>\nMaturity Price  : 22.38<br \/>\nEvaluated at bid price : 22.67<br \/>\nBid-YTW : 5.78 %<\/td>\n<\/tr>\n<tr>\n<td>FTS.PR.G<\/td>\n<td>FixedReset Disc<\/td>\n<td>1.88 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-08-03<br \/>\nMaturity Price  : 19.00<br \/>\nEvaluated at bid price : 19.00<br \/>\nBid-YTW : 6.43 %<\/td>\n<\/tr>\n<tr>\n<td>CM.PR.P<\/td>\n<td>FixedReset Disc<\/td>\n<td>1.96 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-08-03<br \/>\nMaturity Price  : 21.45<br \/>\nEvaluated at bid price : 21.80<br \/>\nBid-YTW : 5.49 %<\/td>\n<\/tr>\n<tr>\n<td>BIP.PR.A<\/td>\n<td>FixedReset Disc<\/td>\n<td>1.97 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-08-03<br \/>\nMaturity Price  : 19.68<br \/>\nEvaluated at bid price : 19.68<br \/>\nBid-YTW : 7.47 %<\/td>\n<\/tr>\n<tr>\n<td>MFC.PR.K<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>1.99 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-08-03<br \/>\nMaturity Price  : 20.50<br \/>\nEvaluated at bid price : 20.50<br \/>\nBid-YTW : 6.04 %<\/td>\n<\/tr>\n<tr>\n<td>TD.PF.E<\/td>\n<td>FixedReset Disc<\/td>\n<td>2.00 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-08-03<br \/>\nMaturity Price  : 21.52<br \/>\nEvaluated at bid price : 21.89<br \/>\nBid-YTW : 5.86 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PF.G<\/td>\n<td>FixedReset Disc<\/td>\n<td>2.01 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-08-03<br \/>\nMaturity Price  : 17.73<br \/>\nEvaluated at bid price : 17.73<br \/>\nBid-YTW : 7.26 %<\/td>\n<\/tr>\n<tr>\n<td>CM.PR.Q<\/td>\n<td>FixedReset Disc<\/td>\n<td>2.11 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-08-03<br \/>\nMaturity Price  : 21.41<br \/>\nEvaluated at bid price : 21.75<br \/>\nBid-YTW : 5.81 %<\/td>\n<\/tr>\n<tr>\n<td>TRP.PR.B<\/td>\n<td>FixedReset Disc<\/td>\n<td>2.11 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-08-03<br \/>\nMaturity Price  : 12.56<br \/>\nEvaluated at bid price : 12.56<br \/>\nBid-YTW : 7.11 %<\/td>\n<\/tr>\n<tr>\n<td>NA.PR.G<\/td>\n<td>FixedReset Disc<\/td>\n<td>2.29 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-08-03<br \/>\nMaturity Price  : 24.17<br \/>\nEvaluated at bid price : 24.55<br \/>\nBid-YTW : 5.53 %<\/td>\n<\/tr>\n<tr>\n<td>BMO.PR.W<\/td>\n<td>FixedReset Disc<\/td>\n<td>2.35 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-08-03<br \/>\nMaturity Price  : 21.42<br \/>\nEvaluated at bid price : 21.75<br \/>\nBid-YTW : 5.48 %<\/td>\n<\/tr>\n<tr>\n<td>TD.PF.C<\/td>\n<td>FixedReset Disc<\/td>\n<td>2.36 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-08-03<br \/>\nMaturity Price  : 21.38<br \/>\nEvaluated at bid price : 21.70<br \/>\nBid-YTW : 5.54 %<\/td>\n<\/tr>\n<tr>\n<td>TRP.PR.A<\/td>\n<td>FixedReset Disc<\/td>\n<td>2.67 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-08-03<br \/>\nMaturity Price  : 15.76<br \/>\nEvaluated at bid price : 15.76<br \/>\nBid-YTW : 7.10 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PR.T<\/td>\n<td>FixedReset Disc<\/td>\n<td>2.74 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-08-03<br \/>\nMaturity Price  : 17.22<br \/>\nEvaluated at bid price : 17.22<br \/>\nBid-YTW : 6.83 %<\/td>\n<\/tr>\n<tr>\n<td>IFC.PR.E<\/td>\n<td>Insurance Straight<\/td>\n<td>2.92 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-08-03<br \/>\nMaturity Price  : 21.98<br \/>\nEvaluated at bid price : 22.23<br \/>\nBid-YTW : 5.92 %<\/td>\n<\/tr>\n<tr>\n<td>TRP.PR.C<\/td>\n<td>FixedReset Disc<\/td>\n<td>2.95 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-08-03<br \/>\nMaturity Price  : 13.26<br \/>\nEvaluated at bid price : 13.26<br \/>\nBid-YTW : 7.05 %<\/td>\n<\/tr>\n<tr>\n<td>MFC.PR.N<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>3.20 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-08-03<br \/>\nMaturity Price  : 19.03<br \/>\nEvaluated at bid price : 19.03<br \/>\nBid-YTW : 6.36 %<\/td>\n<\/tr>\n<tr>\n<td>PWF.PR.P<\/td>\n<td>FixedReset Disc<\/td>\n<td>3.26 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-08-03<br \/>\nMaturity Price  : 13.95<br \/>\nEvaluated at bid price : 13.95<br \/>\nBid-YTW : 6.82 %<\/td>\n<\/tr>\n<tr>\n<td>TRP.PR.E<\/td>\n<td>FixedReset Disc<\/td>\n<td>3.26 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-08-03<br \/>\nMaturity Price  : 17.41<br \/>\nEvaluated at bid price : 17.41<br \/>\nBid-YTW : 7.03 %<\/td>\n<\/tr>\n<tr>\n<td>BIP.PR.E<\/td>\n<td>FixedReset Disc<\/td>\n<td>3.27 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-08-03<br \/>\nMaturity Price  : 23.33<br \/>\nEvaluated at bid price : 24.01<br \/>\nBid-YTW : 5.93 %<\/td>\n<\/tr>\n<tr>\n<td>SLF.PR.G<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>3.56 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-08-03<br \/>\nMaturity Price  : 14.25<br \/>\nEvaluated at bid price : 14.25<br \/>\nBid-YTW : 6.53 %<\/td>\n<\/tr>\n<tr>\n<td>SLF.PR.H<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>3.84 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-08-03<br \/>\nMaturity Price  : 17.57<br \/>\nEvaluated at bid price : 17.57<br \/>\nBid-YTW : 6.30 %<\/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>BMO.PR.D<\/td>\n<td>FixedReset Disc<\/td>\n<td>78,500<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Call<br \/>\nMaturity Date\t: 2022-09-24<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 24.96<br \/>\nBid-YTW : 3.69 %<\/td>\n<\/tr>\n<tr>\n<td>BMO.PR.T<\/td>\n<td>FixedReset Disc<\/td>\n<td>51,300<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-08-03<br \/>\nMaturity Price  : 21.27<br \/>\nEvaluated at bid price : 21.55<br \/>\nBid-YTW : 5.54 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PR.X<\/td>\n<td>FixedReset Disc<\/td>\n<td>44,400<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-08-03<br \/>\nMaturity Price  : 17.27<br \/>\nEvaluated at bid price : 17.27<br \/>\nBid-YTW : 6.65 %<\/td>\n<\/tr>\n<tr>\n<td>MFC.PR.F<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>33,200<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-08-03<br \/>\nMaturity Price  : 14.15<br \/>\nEvaluated at bid price : 14.15<br \/>\nBid-YTW : 6.57 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PF.G<\/td>\n<td>FixedReset Disc<\/td>\n<td>30,900<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-08-03<br \/>\nMaturity Price  : 17.73<br \/>\nEvaluated at bid price : 17.73<br \/>\nBid-YTW : 7.26 %<\/td>\n<\/tr>\n<tr>\n<td>PWF.PR.O<\/td>\n<td>Perpetual-Discount<\/td>\n<td>22,328<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-08-03<br \/>\nMaturity Price  : 22.96<br \/>\nEvaluated at bid price : 23.23<br \/>\nBid-YTW : 6.28 %<\/td>\n<\/tr>\n<tr>\n<td colspan=\"4\">There were 17 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>MIC.PR.A<\/td>\n<td>Perpetual-Discount<\/td>\n<td>Quote: 21.40 &#8211; 28.99<br \/>\nSpot Rate  :  7.5900<br \/>\nAverage  :  4.5743<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-08-03<br \/>\nMaturity Price  : 21.40<br \/>\nEvaluated at bid price : 21.40<br \/>\nBid-YTW : 6.40 %<\/td>\n<\/tr>\n<tr>\n<td>CU.PR.H<\/td>\n<td>Perpetual-Discount<\/td>\n<td>Quote: 22.67 &#8211; 25.10<br \/>\nSpot Rate  :  2.4300<br \/>\nAverage  :  1.3591<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-08-03<br \/>\nMaturity Price  : 22.38<br \/>\nEvaluated at bid price : 22.67<br \/>\nBid-YTW : 5.78 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PR.T<\/td>\n<td>FixedReset Disc<\/td>\n<td>Quote: 17.22 &#8211; 22.95<br \/>\nSpot Rate  :  5.7300<br \/>\nAverage  :  4.8120<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-08-03<br \/>\nMaturity Price  : 17.22<br \/>\nEvaluated at bid price : 17.22<br \/>\nBid-YTW : 6.83 %<\/td>\n<\/tr>\n<tr>\n<td>PWF.PF.A<\/td>\n<td>Perpetual-Discount<\/td>\n<td>Quote: 19.21 &#8211; 21.00<br \/>\nSpot Rate  :  1.7900<br \/>\nAverage  :  1.2975<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-08-03<br \/>\nMaturity Price  : 19.21<br \/>\nEvaluated at bid price : 19.21<br \/>\nBid-YTW : 5.90 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PR.C<\/td>\n<td>Floater<\/td>\n<td>Quote: 12.75 &#8211; 13.99<br \/>\nSpot Rate  :  1.2400<br \/>\nAverage  :  0.7582<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-08-03<br \/>\nMaturity Price  : 12.75<br \/>\nEvaluated at bid price : 12.75<br \/>\nBid-YTW : 6.54 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PF.F<\/td>\n<td>FixedReset Disc<\/td>\n<td>Quote: 18.80 &#8211; 20.00<br \/>\nSpot Rate  :  1.2000<br \/>\nAverage  :  0.9654<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-08-03<br \/>\nMaturity Price  : 18.80<br \/>\nEvaluated at bid price : 18.80<br \/>\nBid-YTW : 7.19 %<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>TXPR closed at 617.59, up 1.01% on the day. Volume today was 1.28-million, about the median of the past 21 trading days. CPD closed at 12.26, up 0.74% on the day. Volume was 51,390, near &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-43946","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/43946","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=43946"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/43946\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=43946"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=43946"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=43946"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}