{"id":44257,"date":"2022-10-13T19:31:38","date_gmt":"2022-10-14T00:31:38","guid":{"rendered":"https:\/\/prefblog.com\/?p=44257"},"modified":"2022-10-13T19:31:38","modified_gmt":"2022-10-14T00:31:38","slug":"october-13-2022","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=44257","title":{"rendered":"October 13, 2022"},"content":{"rendered":"
\"\"<\/a><\/div>\n

TXPR closed at 548.21<\/a>, down 1.38% on the day. Volume today was 1.51-million, tied for third-highest of the past 21 trading days.<\/p>\n

That’s below all-time low for the TXPR price index, barring the depths of the COVID Catastrophe:<\/p>\n

<\/a><\/div>\n

The prior non-COVID low close was reached on 2016-1-18, with TXPR at 549.26. This is wild. And at a time when widespread and substantial dividend increases are as certain as anything ever gets in this wicked world! We can argue about how widespread and how substantial, but really!<\/p>\n

CPD closed at 10.95<\/a>, down 1.00% on the day. Volume was 99,270, near the median of the past 21 trading days.<\/p>\n

ZPR closed at 9.16<\/a>, down 1.19% on the day. Volume was 230,090, well above the median of the past 21 trading days.<\/p>\n

Five-year Canada yields were up slightly to 3.62%<\/a> today.<\/p>\n

US inflation numbers came in high<\/a>:<\/p>\n

Prices continued to climb at a brutally rapid pace in September, with a key inflation index increasing at the fastest rate in 40 years, bad news for the Federal Reserve as it struggles to wrestle the cost of living back under control.<\/p>\n

Overall inflation climbed 8.2 percent over the year through September, according to the latest Consumer Price Index report on Thursday, a slight moderation from August but more than what economists had expected.<\/p>\n

Even more worrisome, underlying inflation trends are headed in the wrong direction. After stripping out fuel and food \u2014 which are volatile and removed to get a better sense of the trajectory \u2014 prices climbed 6.6 percent over the year through September. That was the quickest rate since 1982.
\n…<\/b>
\nWhile wages are not climbing quickly enough to keep up with inflation, they are rising much more rapidly than is typical. Average hourly earnings for rank-and-file workers climbed 5.8 percent over the year through September. Those pay gains hovered around 2 percent or 3 percent in the decade leading up to the pandemic.<\/p>\n

It is not just service costs increasing. Grocery bills were up across the board in September, with increases in the cost of fruit, vegetables and bakery products. The price of apples rose 5 percent from the previous month, while lettuce gained 6.8 percent and flour 2 percent.<\/p><\/blockquote>\n

Meanwhile, there was good fiscal news in Ottawa<\/a>:<\/p>\n

Parliamentary Budget Officer Yves Giroux says in a new report that this year\u2019s federal budget deficit is on pace to come in at $25.8-billion, which would be a significant improvement over the $52.8-billion estimate in the Liberal government\u2019s April budget.<\/p>\n

The independent officer of Parliament released an economic and fiscal outlook<\/a> Thursday. The report updates projections for federal spending and revenue in light of the latest economic data and federal spending announcements, including the Liberals\u2019 recently announced $4.6-billion affordability plan aimed at assisting low-income Canadians with higher costs of living.<\/p>\n

While higher inflation and a relatively strong economy have boosted federal tax revenues above previous projections, higher interest rates are also forcing Ottawa to spend more to service the higher debt load that built up during the COVID-19 pandemic.<\/p>\n

\u201cDespite the projected decline in the budgetary deficit, public debt charges are projected to more than double from their 2020-21 level (of $20.4-billion), reaching $47.6-billion in 2027-28 due to higher interest rates and the additional accumulation of debt,\u201d the report states.<\/p><\/blockquote>\n

Well, we can hope that this windfall revenue doesn’t immediately get spent, but I don’t advise counting on it. Never mind the fact that fiscal policy is currently diametrically opposed to monetary policy – we are all Albertans now. If you got it, spend it! Politicians of all stripes will be quick to bleat that the debt to GDP ratio is going down (or is at least projected to) – but nobody in their right mind considers that impressive. If a COVID-level public spending emergency explodes next week, do we have the financial capacity to cope with it? I doubt it – but nobody’s talking about the pain it will take to regain that flexibility. Pain requires the immediate prospect of a failed bond auction, like in 1994.<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
HIMIPref\u2122 Preferred Indices
\nThese values reflect the December 2008 revision of the HIMIPref\u2122 Indices<\/strong>
\nValues are provisional and are finalized monthly<\/td>\n<\/tr>\n
Index<\/td>\nMean
\nCurrent
\nYield
\n(at bid)<\/td>\n		Median
\nYTW<\/td>\n		Median
\nAverage
\nTrading
\nValue<\/td>\n		Median
\nMod Dur
\n(YTW)<\/td>\n		Issues<\/td>\nDay’s Perf.<\/td>\nIndex Value<\/td>\n<\/tr>\n
Ratchet<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.5348 %<\/td>\n2,323.8<\/td>\n<\/tr>\n
FixedFloater<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.5348 %<\/td>\n4,457.0<\/td>\n<\/tr>\n
Floater<\/td>\n7.89 %<\/td>\n7.96 %<\/td>\n42,692<\/td>\n11.43<\/td>\n2<\/td>\n-0.5348 %<\/td>\n2,568.6<\/td>\n<\/tr>\n
OpRet<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.0303 %<\/td>\n3,386.4<\/td>\n<\/tr>\n
SplitShare<\/td>\n4.96 %<\/td>\n6.51 %<\/td>\n34,002<\/td>\n3.06<\/td>\n7<\/td>\n0.0303 %<\/td>\n4,044.1<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.0303 %<\/td>\n3,155.4<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.8036 %<\/td>\n2,596.1<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n6.56 %<\/td>\n6.68 %<\/td>\n72,109<\/td>\n12.98<\/td>\n33<\/td>\n-0.8036 %<\/td>\n2,830.9<\/td>\n<\/tr>\n
FixedReset Disc<\/td>\n5.43 %<\/td>\n7.68 %<\/td>\n92,702<\/td>\n12.12<\/td>\n63<\/td>\n-0.9665 %<\/td>\n2,203.7<\/td>\n<\/tr>\n
Insurance Straight<\/td>\n6.54 %<\/td>\n6.65 %<\/td>\n79,088<\/td>\n13.00<\/td>\n19<\/td>\n-1.1411 %<\/td>\n2,750.7<\/td>\n<\/tr>\n
FloatingReset<\/td>\n8.98 %<\/td>\n9.36 %<\/td>\n36,152<\/td>\n10.08<\/td>\n2<\/td>\n0.3322 %<\/td>\n2,451.2<\/td>\n<\/tr>\n
FixedReset Prem<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.9665 %<\/td>\n2,332.3<\/td>\n<\/tr>\n
FixedReset Bank Non<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.9665 %<\/td>\n2,252.6<\/td>\n<\/tr>\n
FixedReset Ins Non<\/td>\n5.55 %<\/td>\n8.03 %<\/td>\n43,114<\/td>\n11.84<\/td>\n14<\/td>\n0.1288 %<\/td>\n2,282.4<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Performance Highlights<\/strong><\/td>\n<\/tr>\n
Issue<\/td>\nIndex<\/td>\nChange<\/td>\nNotes<\/td>\n<\/tr>\n
IFC.PR.E<\/td>\nInsurance Straight<\/td>\n-8.14 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-10-13
\nMaturity Price : 19.75
\nEvaluated at bid price : 19.75
\nBid-YTW : 6.65 %<\/td>\n<\/tr>\n
RY.PR.J<\/td>\nFixedReset Disc<\/td>\n-7.60 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-10-13
\nMaturity Price : 18.11
\nEvaluated at bid price : 18.11
\nBid-YTW : 8.05 %<\/td>\n<\/tr>\n
BMO.PR.E<\/td>\nFixedReset Disc<\/td>\n-4.04 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-10-13
\nMaturity Price : 21.16
\nEvaluated at bid price : 21.16
\nBid-YTW : 7.42 %<\/td>\n<\/tr>\n
TD.PF.D<\/td>\nFixedReset Disc<\/td>\n-3.77 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-10-13
\nMaturity Price : 19.15
\nEvaluated at bid price : 19.15
\nBid-YTW : 7.57 %<\/td>\n<\/tr>\n
RY.PR.H<\/td>\nFixedReset Disc<\/td>\n-3.67 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-10-13
\nMaturity Price : 18.35
\nEvaluated at bid price : 18.35
\nBid-YTW : 7.71 %<\/td>\n<\/tr>\n
BAM.PR.X<\/td>\nFixedReset Disc<\/td>\n-3.44 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-10-13
\nMaturity Price : 15.16
\nEvaluated at bid price : 15.16
\nBid-YTW : 8.56 %<\/td>\n<\/tr>\n
BAM.PF.D<\/td>\nPerpetual-Discount<\/td>\n-3.14 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-10-13
\nMaturity Price : 18.50
\nEvaluated at bid price : 18.50
\nBid-YTW : 6.70 %<\/td>\n<\/tr>\n
GWO.PR.Y<\/td>\nInsurance Straight<\/td>\n-3.13 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-10-13
\nMaturity Price : 17.00
\nEvaluated at bid price : 17.00
\nBid-YTW : 6.69 %<\/td>\n<\/tr>\n
BAM.PR.R<\/td>\nFixedReset Disc<\/td>\n-2.95 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-10-13
\nMaturity Price : 13.50
\nEvaluated at bid price : 13.50
\nBid-YTW : 9.59 %<\/td>\n<\/tr>\n
BAM.PR.T<\/td>\nFixedReset Disc<\/td>\n-2.81 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-10-13
\nMaturity Price : 14.19
\nEvaluated at bid price : 14.19
\nBid-YTW : 9.24 %<\/td>\n<\/tr>\n
TD.PF.K<\/td>\nFixedReset Disc<\/td>\n-2.78 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-10-13
\nMaturity Price : 21.00
\nEvaluated at bid price : 21.00
\nBid-YTW : 7.29 %<\/td>\n<\/tr>\n
CU.PR.J<\/td>\nPerpetual-Discount<\/td>\n-2.75 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-10-13
\nMaturity Price : 17.70
\nEvaluated at bid price : 17.70
\nBid-YTW : 6.83 %<\/td>\n<\/tr>\n
CU.PR.C<\/td>\nFixedReset Disc<\/td>\n-2.63 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-10-13
\nMaturity Price : 18.91
\nEvaluated at bid price : 18.91
\nBid-YTW : 7.73 %<\/td>\n<\/tr>\n
IFC.PR.I<\/td>\nPerpetual-Discount<\/td>\n-2.36 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-10-13
\nMaturity Price : 21.63
\nEvaluated at bid price : 21.93
\nBid-YTW : 6.20 %<\/td>\n<\/tr>\n
TD.PF.C<\/td>\nFixedReset Disc<\/td>\n-2.33 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-10-13
\nMaturity Price : 18.02
\nEvaluated at bid price : 18.02
\nBid-YTW : 7.71 %<\/td>\n<\/tr>\n
TD.PF.E<\/td>\nFixedReset Disc<\/td>\n-2.31 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-10-13
\nMaturity Price : 19.44
\nEvaluated at bid price : 19.44
\nBid-YTW : 7.49 %<\/td>\n<\/tr>\n
CU.PR.I<\/td>\nFixedReset Disc<\/td>\n-2.27 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2025-12-01
\nMaturity Price : 25.00
\nEvaluated at bid price : 23.65
\nBid-YTW : 6.66 %<\/td>\n<\/tr>\n
BMO.PR.T<\/td>\nFixedReset Disc<\/td>\n-2.20 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-10-13
\nMaturity Price : 18.19
\nEvaluated at bid price : 18.19
\nBid-YTW : 7.75 %<\/td>\n<\/tr>\n
GWO.PR.I<\/td>\nInsurance Straight<\/td>\n-2.06 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-10-13
\nMaturity Price : 17.15
\nEvaluated at bid price : 17.15
\nBid-YTW : 6.63 %<\/td>\n<\/tr>\n
TRP.PR.G<\/td>\nFixedReset Disc<\/td>\n-2.04 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-10-13
\nMaturity Price : 16.80
\nEvaluated at bid price : 16.80
\nBid-YTW : 8.69 %<\/td>\n<\/tr>\n
PWF.PF.A<\/td>\nPerpetual-Discount<\/td>\n-2.02 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-10-13
\nMaturity Price : 16.95
\nEvaluated at bid price : 16.95
\nBid-YTW : 6.67 %<\/td>\n<\/tr>\n
SLF.PR.H<\/td>\nFixedReset Ins Non<\/td>\n-1.96 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-10-13
\nMaturity Price : 15.00
\nEvaluated at bid price : 15.00
\nBid-YTW : 8.36 %<\/td>\n<\/tr>\n
NA.PR.G<\/td>\nFixedReset Disc<\/td>\n-1.87 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-10-13
\nMaturity Price : 21.00
\nEvaluated at bid price : 21.00
\nBid-YTW : 7.48 %<\/td>\n<\/tr>\n
CU.PR.E<\/td>\nPerpetual-Discount<\/td>\n-1.85 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-10-13
\nMaturity Price : 18.55
\nEvaluated at bid price : 18.55
\nBid-YTW : 6.72 %<\/td>\n<\/tr>\n
NA.PR.S<\/td>\nFixedReset Disc<\/td>\n-1.83 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-10-13
\nMaturity Price : 18.75
\nEvaluated at bid price : 18.75
\nBid-YTW : 7.73 %<\/td>\n<\/tr>\n
RY.PR.M<\/td>\nFixedReset Disc<\/td>\n-1.80 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-10-13
\nMaturity Price : 18.51
\nEvaluated at bid price : 18.51
\nBid-YTW : 7.57 %<\/td>\n<\/tr>\n
PWF.PR.G<\/td>\nPerpetual-Discount<\/td>\n-1.76 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-10-13
\nMaturity Price : 22.07
\nEvaluated at bid price : 22.30
\nBid-YTW : 6.63 %<\/td>\n<\/tr>\n
CM.PR.S<\/td>\nFixedReset Disc<\/td>\n-1.70 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-10-13
\nMaturity Price : 21.61
\nEvaluated at bid price : 21.97
\nBid-YTW : 6.85 %<\/td>\n<\/tr>\n
BAM.PF.B<\/td>\nFixedReset Disc<\/td>\n-1.66 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-10-13
\nMaturity Price : 16.57
\nEvaluated at bid price : 16.57
\nBid-YTW : 9.16 %<\/td>\n<\/tr>\n
POW.PR.C<\/td>\nPerpetual-Discount<\/td>\n-1.52 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-10-13
\nMaturity Price : 21.71
\nEvaluated at bid price : 21.96
\nBid-YTW : 6.64 %<\/td>\n<\/tr>\n
GWO.PR.Q<\/td>\nInsurance Straight<\/td>\n-1.44 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-10-13
\nMaturity Price : 19.23
\nEvaluated at bid price : 19.23
\nBid-YTW : 6.77 %<\/td>\n<\/tr>\n
GWO.PR.T<\/td>\nInsurance Straight<\/td>\n-1.42 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-10-13
\nMaturity Price : 19.50
\nEvaluated at bid price : 19.50
\nBid-YTW : 6.68 %<\/td>\n<\/tr>\n
PWF.PR.Z<\/td>\nPerpetual-Discount<\/td>\n-1.40 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-10-13
\nMaturity Price : 19.70
\nEvaluated at bid price : 19.70
\nBid-YTW : 6.56 %<\/td>\n<\/tr>\n
BAM.PR.K<\/td>\nFloater<\/td>\n-1.38 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-10-13
\nMaturity Price : 12.13
\nEvaluated at bid price : 12.13
\nBid-YTW : 7.96 %<\/td>\n<\/tr>\n
BAM.PF.F<\/td>\nFixedReset Disc<\/td>\n-1.35 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-10-13
\nMaturity Price : 16.85
\nEvaluated at bid price : 16.85
\nBid-YTW : 9.14 %<\/td>\n<\/tr>\n
BMO.PR.S<\/td>\nFixedReset Disc<\/td>\n-1.34 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-10-13
\nMaturity Price : 19.18
\nEvaluated at bid price : 19.18
\nBid-YTW : 7.55 %<\/td>\n<\/tr>\n
BAM.PR.N<\/td>\nPerpetual-Discount<\/td>\n-1.31 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-10-13
\nMaturity Price : 18.06
\nEvaluated at bid price : 18.06
\nBid-YTW : 6.65 %<\/td>\n<\/tr>\n
BIP.PR.A<\/td>\nFixedReset Disc<\/td>\n-1.29 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-10-13
\nMaturity Price : 16.78
\nEvaluated at bid price : 16.78
\nBid-YTW : 9.74 %<\/td>\n<\/tr>\n
RY.PR.N<\/td>\nPerpetual-Discount<\/td>\n-1.26 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-10-13
\nMaturity Price : 20.34
\nEvaluated at bid price : 20.34
\nBid-YTW : 6.13 %<\/td>\n<\/tr>\n
BAM.PR.M<\/td>\nPerpetual-Discount<\/td>\n-1.25 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-10-13
\nMaturity Price : 18.16
\nEvaluated at bid price : 18.16
\nBid-YTW : 6.61 %<\/td>\n<\/tr>\n
GWO.PR.L<\/td>\nInsurance Straight<\/td>\n-1.22 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-10-13
\nMaturity Price : 21.00
\nEvaluated at bid price : 21.00
\nBid-YTW : 6.80 %<\/td>\n<\/tr>\n
BMO.PR.Y<\/td>\nFixedReset Disc<\/td>\n-1.15 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-10-13
\nMaturity Price : 18.84
\nEvaluated at bid price : 18.84
\nBid-YTW : 7.61 %<\/td>\n<\/tr>\n
IFC.PR.C<\/td>\nFixedReset Disc<\/td>\n-1.15 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-10-13
\nMaturity Price : 16.31
\nEvaluated at bid price : 16.31
\nBid-YTW : 8.45 %<\/td>\n<\/tr>\n
CU.PR.G<\/td>\nPerpetual-Discount<\/td>\n-1.15 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-10-13
\nMaturity Price : 17.20
\nEvaluated at bid price : 17.20
\nBid-YTW : 6.65 %<\/td>\n<\/tr>\n
BAM.PF.H<\/td>\nFixedReset Disc<\/td>\n-1.12 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2025-12-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 23.75
\nBid-YTW : 6.86 %<\/td>\n<\/tr>\n
POW.PR.G<\/td>\nPerpetual-Discount<\/td>\n-1.10 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-10-13
\nMaturity Price : 20.77
\nEvaluated at bid price : 20.77
\nBid-YTW : 6.79 %<\/td>\n<\/tr>\n
BMO.PR.F<\/td>\nFixedReset Disc<\/td>\n-1.09 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-10-13
\nMaturity Price : 23.09
\nEvaluated at bid price : 23.50
\nBid-YTW : 7.43 %<\/td>\n<\/tr>\n
FTS.PR.F<\/td>\nPerpetual-Discount<\/td>\n-1.08 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-10-13
\nMaturity Price : 19.25
\nEvaluated at bid price : 19.25
\nBid-YTW : 6.47 %<\/td>\n<\/tr>\n
MFC.PR.B<\/td>\nInsurance Straight<\/td>\n-1.05 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-10-13
\nMaturity Price : 17.88
\nEvaluated at bid price : 17.88
\nBid-YTW : 6.59 %<\/td>\n<\/tr>\n
CM.PR.Q<\/td>\nFixedReset Disc<\/td>\n-1.04 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-10-13
\nMaturity Price : 19.00
\nEvaluated at bid price : 19.00
\nBid-YTW : 7.55 %<\/td>\n<\/tr>\n
CM.PR.Y<\/td>\nFixedReset Disc<\/td>\n-1.04 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-10-13
\nMaturity Price : 23.38
\nEvaluated at bid price : 23.75
\nBid-YTW : 7.32 %<\/td>\n<\/tr>\n
TRP.PR.C<\/td>\nFixedReset Disc<\/td>\n-1.02 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-10-13
\nMaturity Price : 11.68
\nEvaluated at bid price : 11.68
\nBid-YTW : 9.29 %<\/td>\n<\/tr>\n
IFC.PR.F<\/td>\nInsurance Straight<\/td>\n1.18 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-10-13
\nMaturity Price : 21.40
\nEvaluated at bid price : 21.40
\nBid-YTW : 6.26 %<\/td>\n<\/tr>\n
IAF.PR.I<\/td>\nFixedReset Ins Non<\/td>\n1.18 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-10-13
\nMaturity Price : 21.35
\nEvaluated at bid price : 21.35
\nBid-YTW : 7.44 %<\/td>\n<\/tr>\n
IFC.PR.K<\/td>\nPerpetual-Discount<\/td>\n1.19 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-10-13
\nMaturity Price : 21.25
\nEvaluated at bid price : 21.25
\nBid-YTW : 6.24 %<\/td>\n<\/tr>\n
BAM.PR.Z<\/td>\nFixedReset Disc<\/td>\n1.24 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-10-13
\nMaturity Price : 20.45
\nEvaluated at bid price : 20.45
\nBid-YTW : 8.06 %<\/td>\n<\/tr>\n
PVS.PR.K<\/td>\nSplitShare<\/td>\n1.36 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2029-05-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 22.30
\nBid-YTW : 6.61 %<\/td>\n<\/tr>\n
CU.PR.F<\/td>\nPerpetual-Discount<\/td>\n1.64 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-10-13
\nMaturity Price : 17.40
\nEvaluated at bid price : 17.40
\nBid-YTW : 6.58 %<\/td>\n<\/tr>\n
BNS.PR.I<\/td>\nFixedReset Disc<\/td>\n1.76 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-10-13
\nMaturity Price : 20.85
\nEvaluated at bid price : 20.85
\nBid-YTW : 7.15 %<\/td>\n<\/tr>\n
MFC.PR.J<\/td>\nFixedReset Ins Non<\/td>\n1.92 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-10-13
\nMaturity Price : 21.25
\nEvaluated at bid price : 21.25
\nBid-YTW : 7.36 %<\/td>\n<\/tr>\n
NA.PR.W<\/td>\nFixedReset Disc<\/td>\n2.04 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-10-13
\nMaturity Price : 18.01
\nEvaluated at bid price : 18.01
\nBid-YTW : 7.68 %<\/td>\n<\/tr>\n
CM.PR.O<\/td>\nFixedReset Disc<\/td>\n2.54 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-10-13
\nMaturity Price : 18.20
\nEvaluated at bid price : 18.20
\nBid-YTW : 7.74 %<\/td>\n<\/tr>\n
PWF.PR.P<\/td>\nFixedReset Disc<\/td>\n8.18 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-10-13
\nMaturity Price : 11.90
\nEvaluated at bid price : 11.90
\nBid-YTW : 9.25 %<\/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
IFC.PR.I<\/td>\nPerpetual-Discount<\/td>\n81,630<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-10-13
\nMaturity Price : 21.63
\nEvaluated at bid price : 21.93
\nBid-YTW : 6.20 %<\/td>\n<\/tr>\n
NA.PR.C<\/td>\nFixedReset Disc<\/td>\n78,462<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-10-13
\nMaturity Price : 22.91
\nEvaluated at bid price : 24.34
\nBid-YTW : 7.16 %<\/td>\n<\/tr>\n
TD.PF.I<\/td>\nFixedReset Disc<\/td>\n40,331<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-10-13
\nMaturity Price : 22.80
\nEvaluated at bid price : 24.06
\nBid-YTW : 6.83 %<\/td>\n<\/tr>\n
TRP.PR.B<\/td>\nFixedReset Disc<\/td>\n25,600<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-10-13
\nMaturity Price : 10.85
\nEvaluated at bid price : 10.85
\nBid-YTW : 9.73 %<\/td>\n<\/tr>\n
TD.PF.B<\/td>\nFixedReset Disc<\/td>\n17,117<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-10-13
\nMaturity Price : 18.28
\nEvaluated at bid price : 18.28
\nBid-YTW : 7.69 %<\/td>\n<\/tr>\n
GWO.PR.I<\/td>\nInsurance Straight<\/td>\n15,153<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-10-13
\nMaturity Price : 17.15
\nEvaluated at bid price : 17.15
\nBid-YTW : 6.63 %<\/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
MFC.PR.J<\/td>\nFixedReset Ins Non<\/td>\nQuote: 21.25 – 23.80
\nSpot Rate : 2.5500
\nAverage : 1.4331<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-10-13
\nMaturity Price : 21.25
\nEvaluated at bid price : 21.25
\nBid-YTW : 7.36 %<\/td>\n<\/tr>\n

RY.PR.J<\/td>\nFixedReset Disc<\/td>\nQuote: 18.11 – 20.20
\nSpot Rate : 2.0900
\nAverage : 1.3107<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-10-13
\nMaturity Price : 18.11
\nEvaluated at bid price : 18.11
\nBid-YTW : 8.05 %<\/td>\n<\/tr>\n

IFC.PR.E<\/td>\nInsurance Straight<\/td>\nQuote: 19.75 – 22.05
\nSpot Rate : 2.3000
\nAverage : 1.6140<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-10-13
\nMaturity Price : 19.75
\nEvaluated at bid price : 19.75
\nBid-YTW : 6.65 %<\/td>\n<\/tr>\n

MFC.PR.L<\/td>\nFixedReset Ins Non<\/td>\nQuote: 16.27 – 18.60
\nSpot Rate : 2.3300
\nAverage : 1.8387<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-10-13
\nMaturity Price : 16.27
\nEvaluated at bid price : 16.27
\nBid-YTW : 8.59 %<\/td>\n<\/tr>\n

BAM.PR.M<\/td>\nPerpetual-Discount<\/td>\nQuote: 18.16 – 19.55
\nSpot Rate : 1.3900
\nAverage : 0.9489<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-10-13
\nMaturity Price : 18.16
\nEvaluated at bid price : 18.16
\nBid-YTW : 6.61 %<\/td>\n<\/tr>\n

GWO.PR.Y<\/td>\nInsurance Straight<\/td>\nQuote: 17.00 – 18.80
\nSpot Rate : 1.8000
\nAverage : 1.3777<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-10-13
\nMaturity Price : 17.00
\nEvaluated at bid price : 17.00
\nBid-YTW : 6.69 %<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

TXPR closed at 548.21, down 1.38% on the day. Volume today was 1.51-million, tied for third-highest of the past 21 trading days. That’s below all-time low for the TXPR price index, barring the depths of …<\/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-44257","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/44257","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=44257"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/44257\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=44257"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=44257"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=44257"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}