{"id":44272,"date":"2022-10-17T19:32:04","date_gmt":"2022-10-18T00:32:04","guid":{"rendered":"https:\/\/prefblog.com\/?p=44272"},"modified":"2022-10-17T19:32:04","modified_gmt":"2022-10-18T00:32:04","slug":"october-17-2022","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=44272","title":{"rendered":"October 17, 2022"},"content":{"rendered":"
\"\"<\/a><\/div>\n

TXPR closed at 553.64<\/a>, up 0.92% on the day. Volume today was 1.27-million, near the median of the past 21 trading days.<\/p>\n

CPD closed at 11.12<\/a>, up 2.11% on the day. Volume was 181,620, fourth-highest of the past 21 trading days.<\/p>\n

ZPR closed at 9.34<\/a>, up 2.52% on the day. Volume was 214,210, near the median of the past 21 trading days.<\/p>\n

Five-year Canada yields were down slightly to 3.64%<\/a> today.<\/p>\n

DBRS published a commentary on gilts<\/a>:<\/p>\n

Pressures have continued to mount in the UK government bond market. To a large extent this reflects concerns over the current incongruence between fiscal and monetary policies in the UK, with the market volatility exacerbated by liability-driven investment (LDI) funds. UK gilts have again come under pressure in less than a month, with another sell-off and yield spike, following the governor of the Bank of England’s (BoE) confirmation that the temporary emergency support adopted in September would end on 14th October as planned. The sell-off of gilts took place despite additional interventions by the BoE on 10th and 11th October. We see with some concern how the BoE interventions this week initially failed to contain market pressures.<\/p>\n

We highlight the risk that volatility in the gilt market could turn more long lasting. Persistent pressures and dysfunction could pose risks to the UK’s financial stability. Financial instability would ultimately have adverse consequences for the financial flexibility of the UK government. We see both the health of the pension fund sector – as one of the main holders of government bonds – and the efficient functioning of the gilt market, as key for the financial flexibility of the UK government.<\/p>\n

While we see with concern the ongoing pressures in the gilt market and the liquidity issues in the pension fund sector, we expect the BoE to continue to address potential risks to financial stability, preventing liquidity issues turning into solvency problems at a systemic level. That said, we continue to monitor market and policy developments. We would see with great concern a situation in which the BoE measures fail to prevent contagion from the stresses in pension funds to other financial market participants.<\/p>\n

Key Highlights
\n\u2022 The inconsistency between fiscal and monetary policies remains a concern, posing risks for policy credibility.
\n\u2022 If pressures in the gilt market prove persistent, financial stability risks could emerge.
\n\u2022 Financial stability risks could have adverse consequences for the financial flexibility of the UK government. The efficient functioning of the gilt market remains crucial.<\/p><\/blockquote>\n

My understanding is that Truss’ leadership is now a laughingstock on deathwatch.<\/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>\n0.4969 %<\/td>\n2,332.4<\/td>\n<\/tr>\n
FixedFloater<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.4969 %<\/td>\n4,473.6<\/td>\n<\/tr>\n
Floater<\/td>\n7.86 %<\/td>\n7.95 %<\/td>\n53,228<\/td>\n11.43<\/td>\n2<\/td>\n0.4969 %<\/td>\n2,578.2<\/td>\n<\/tr>\n
OpRet<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.0849 %<\/td>\n3,382.9<\/td>\n<\/tr>\n
SplitShare<\/td>\n4.97 %<\/td>\n6.54 %<\/td>\n35,470<\/td>\n3.05<\/td>\n7<\/td>\n0.0849 %<\/td>\n4,040.0<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.0849 %<\/td>\n3,152.1<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.5625 %<\/td>\n2,597.5<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n6.56 %<\/td>\n6.67 %<\/td>\n69,418<\/td>\n12.99<\/td>\n33<\/td>\n0.5625 %<\/td>\n2,832.5<\/td>\n<\/tr>\n
FixedReset Disc<\/td>\n5.37 %<\/td>\n7.64 %<\/td>\n90,680<\/td>\n12.06<\/td>\n63<\/td>\n1.3821 %<\/td>\n2,226.3<\/td>\n<\/tr>\n
Insurance Straight<\/td>\n6.52 %<\/td>\n6.60 %<\/td>\n81,258<\/td>\n13.07<\/td>\n19<\/td>\n1.1607 %<\/td>\n2,760.5<\/td>\n<\/tr>\n
FloatingReset<\/td>\n9.28 %<\/td>\n9.59 %<\/td>\n38,280<\/td>\n9.87<\/td>\n2<\/td>\n-0.3635 %<\/td>\n2,447.1<\/td>\n<\/tr>\n
FixedReset Prem<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n1.3821 %<\/td>\n2,356.2<\/td>\n<\/tr>\n
FixedReset Bank Non<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n1.3821 %<\/td>\n2,275.8<\/td>\n<\/tr>\n
FixedReset Ins Non<\/td>\n5.54 %<\/td>\n8.11 %<\/td>\n43,320<\/td>\n11.60<\/td>\n14<\/td>\n0.2764 %<\/td>\n2,267.9<\/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
Performance Highlights<\/strong><\/td>\n<\/tr>\n
Issue<\/td>\nIndex<\/td>\nChange<\/td>\nNotes<\/td>\n<\/tr>\n
BAM.PF.E<\/td>\nFixedReset Disc<\/td>\n-7.18 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-10-17
\nMaturity Price : 14.10
\nEvaluated at bid price : 14.10
\nBid-YTW : 10.13 %<\/td>\n<\/tr>\n
PWF.PR.Z<\/td>\nPerpetual-Discount<\/td>\n-2.28 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-10-17
\nMaturity Price : 19.25
\nEvaluated at bid price : 19.25
\nBid-YTW : 6.72 %<\/td>\n<\/tr>\n
SLF.PR.J<\/td>\nFloatingReset<\/td>\n-1.08 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-10-17
\nMaturity Price : 14.65
\nEvaluated at bid price : 14.65
\nBid-YTW : 9.26 %<\/td>\n<\/tr>\n
BAM.PF.I<\/td>\nFixedReset Disc<\/td>\n1.04 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-10-17
\nMaturity Price : 21.31
\nEvaluated at bid price : 21.31
\nBid-YTW : 8.11 %<\/td>\n<\/tr>\n
BNS.PR.I<\/td>\nFixedReset Disc<\/td>\n1.05 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-10-17
\nMaturity Price : 21.23
\nEvaluated at bid price : 21.23
\nBid-YTW : 7.12 %<\/td>\n<\/tr>\n
RY.PR.M<\/td>\nFixedReset Disc<\/td>\n1.05 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-10-17
\nMaturity Price : 19.20
\nEvaluated at bid price : 19.20
\nBid-YTW : 7.40 %<\/td>\n<\/tr>\n
CM.PR.Y<\/td>\nFixedReset Disc<\/td>\n1.06 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-10-17
\nMaturity Price : 23.54
\nEvaluated at bid price : 23.90
\nBid-YTW : 7.36 %<\/td>\n<\/tr>\n
TD.PF.B<\/td>\nFixedReset Disc<\/td>\n1.09 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-10-17
\nMaturity Price : 18.50
\nEvaluated at bid price : 18.50
\nBid-YTW : 7.71 %<\/td>\n<\/tr>\n
BMO.PR.Y<\/td>\nFixedReset Disc<\/td>\n1.10 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-10-17
\nMaturity Price : 19.26
\nEvaluated at bid price : 19.26
\nBid-YTW : 7.55 %<\/td>\n<\/tr>\n
SLF.PR.E<\/td>\nInsurance Straight<\/td>\n1.15 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-10-17
\nMaturity Price : 17.65
\nEvaluated at bid price : 17.65
\nBid-YTW : 6.45 %<\/td>\n<\/tr>\n
MFC.PR.B<\/td>\nInsurance Straight<\/td>\n1.24 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-10-17
\nMaturity Price : 17.97
\nEvaluated at bid price : 17.97
\nBid-YTW : 6.56 %<\/td>\n<\/tr>\n
MFC.PR.Q<\/td>\nFixedReset Ins Non<\/td>\n1.25 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-10-17
\nMaturity Price : 20.20
\nEvaluated at bid price : 20.20
\nBid-YTW : 7.75 %<\/td>\n<\/tr>\n
TRP.PR.D<\/td>\nFixedReset Disc<\/td>\n1.28 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-10-17
\nMaturity Price : 15.80
\nEvaluated at bid price : 15.80
\nBid-YTW : 9.26 %<\/td>\n<\/tr>\n
BAM.PR.T<\/td>\nFixedReset Disc<\/td>\n1.31 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-10-17
\nMaturity Price : 14.67
\nEvaluated at bid price : 14.67
\nBid-YTW : 9.06 %<\/td>\n<\/tr>\n
POW.PR.C<\/td>\nPerpetual-Discount<\/td>\n1.32 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-10-17
\nMaturity Price : 22.07
\nEvaluated at bid price : 22.30
\nBid-YTW : 6.55 %<\/td>\n<\/tr>\n
TRP.PR.A<\/td>\nFixedReset Disc<\/td>\n1.36 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-10-17
\nMaturity Price : 14.17
\nEvaluated at bid price : 14.17
\nBid-YTW : 9.29 %<\/td>\n<\/tr>\n
TD.PF.A<\/td>\nFixedReset Disc<\/td>\n1.37 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-10-17
\nMaturity Price : 18.50
\nEvaluated at bid price : 18.50
\nBid-YTW : 7.62 %<\/td>\n<\/tr>\n
CM.PR.Q<\/td>\nFixedReset Disc<\/td>\n1.39 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-10-17
\nMaturity Price : 19.03
\nEvaluated at bid price : 19.03
\nBid-YTW : 7.63 %<\/td>\n<\/tr>\n
CU.PR.C<\/td>\nFixedReset Disc<\/td>\n1.41 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-10-17
\nMaturity Price : 19.37
\nEvaluated at bid price : 19.37
\nBid-YTW : 7.63 %<\/td>\n<\/tr>\n
BIP.PR.E<\/td>\nFixedReset Disc<\/td>\n1.42 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-10-17
\nMaturity Price : 21.50
\nEvaluated at bid price : 21.50
\nBid-YTW : 7.79 %<\/td>\n<\/tr>\n
BAM.PF.A<\/td>\nFixedReset Disc<\/td>\n1.44 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-10-17
\nMaturity Price : 19.79
\nEvaluated at bid price : 19.79
\nBid-YTW : 8.31 %<\/td>\n<\/tr>\n
BAM.PF.B<\/td>\nFixedReset Disc<\/td>\n1.44 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-10-17
\nMaturity Price : 16.85
\nEvaluated at bid price : 16.85
\nBid-YTW : 9.13 %<\/td>\n<\/tr>\n
BMO.PR.T<\/td>\nFixedReset Disc<\/td>\n1.45 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-10-17
\nMaturity Price : 18.22
\nEvaluated at bid price : 18.22
\nBid-YTW : 7.85 %<\/td>\n<\/tr>\n
BMO.PR.S<\/td>\nFixedReset Disc<\/td>\n1.54 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-10-17
\nMaturity Price : 19.17
\nEvaluated at bid price : 19.17
\nBid-YTW : 7.66 %<\/td>\n<\/tr>\n
FTS.PR.M<\/td>\nFixedReset Disc<\/td>\n1.59 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-10-17
\nMaturity Price : 16.66
\nEvaluated at bid price : 16.66
\nBid-YTW : 8.86 %<\/td>\n<\/tr>\n
BIP.PR.A<\/td>\nFixedReset Disc<\/td>\n1.64 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-10-17
\nMaturity Price : 16.77
\nEvaluated at bid price : 16.77
\nBid-YTW : 9.86 %<\/td>\n<\/tr>\n
CU.PR.J<\/td>\nPerpetual-Discount<\/td>\n1.65 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-10-17
\nMaturity Price : 18.50
\nEvaluated at bid price : 18.50
\nBid-YTW : 6.53 %<\/td>\n<\/tr>\n
IFC.PR.K<\/td>\nPerpetual-Discount<\/td>\n1.67 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-10-17
\nMaturity Price : 21.35
\nEvaluated at bid price : 21.35
\nBid-YTW : 6.22 %<\/td>\n<\/tr>\n
ELF.PR.H<\/td>\nPerpetual-Discount<\/td>\n1.67 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-10-17
\nMaturity Price : 21.25
\nEvaluated at bid price : 21.25
\nBid-YTW : 6.52 %<\/td>\n<\/tr>\n
CU.PR.I<\/td>\nFixedReset Disc<\/td>\n1.69 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2025-12-01
\nMaturity Price : 25.00
\nEvaluated at bid price : 24.00
\nBid-YTW : 6.16 %<\/td>\n<\/tr>\n
CU.PR.H<\/td>\nPerpetual-Discount<\/td>\n1.74 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-10-17
\nMaturity Price : 20.45
\nEvaluated at bid price : 20.45
\nBid-YTW : 6.53 %<\/td>\n<\/tr>\n
CM.PR.S<\/td>\nFixedReset Disc<\/td>\n1.80 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-10-17
\nMaturity Price : 21.63
\nEvaluated at bid price : 22.00
\nBid-YTW : 6.95 %<\/td>\n<\/tr>\n
MFC.PR.C<\/td>\nInsurance Straight<\/td>\n1.86 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-10-17
\nMaturity Price : 17.55
\nEvaluated at bid price : 17.55
\nBid-YTW : 6.50 %<\/td>\n<\/tr>\n
IFC.PR.I<\/td>\nPerpetual-Discount<\/td>\n1.87 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-10-17
\nMaturity Price : 21.55
\nEvaluated at bid price : 21.83
\nBid-YTW : 6.24 %<\/td>\n<\/tr>\n
NA.PR.S<\/td>\nFixedReset Disc<\/td>\n1.87 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-10-17
\nMaturity Price : 19.10
\nEvaluated at bid price : 19.10
\nBid-YTW : 7.70 %<\/td>\n<\/tr>\n
NA.PR.E<\/td>\nFixedReset Disc<\/td>\n1.89 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-10-17
\nMaturity Price : 21.05
\nEvaluated at bid price : 21.05
\nBid-YTW : 7.41 %<\/td>\n<\/tr>\n
IFC.PR.F<\/td>\nInsurance Straight<\/td>\n1.91 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-10-17
\nMaturity Price : 21.30
\nEvaluated at bid price : 21.30
\nBid-YTW : 6.29 %<\/td>\n<\/tr>\n
NA.PR.C<\/td>\nFixedReset Disc<\/td>\n1.93 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2022-12-15
\nMaturity Price : 25.00
\nEvaluated at bid price : 24.83
\nBid-YTW : 6.59 %<\/td>\n<\/tr>\n
BAM.PR.Z<\/td>\nFixedReset Disc<\/td>\n1.96 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-10-17
\nMaturity Price : 20.85
\nEvaluated at bid price : 20.85
\nBid-YTW : 8.02 %<\/td>\n<\/tr>\n
BAM.PR.X<\/td>\nFixedReset Disc<\/td>\n2.34 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-10-17
\nMaturity Price : 15.76
\nEvaluated at bid price : 15.76
\nBid-YTW : 8.35 %<\/td>\n<\/tr>\n
BAM.PF.F<\/td>\nFixedReset Disc<\/td>\n2.38 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-10-17
\nMaturity Price : 17.20
\nEvaluated at bid price : 17.20
\nBid-YTW : 9.08 %<\/td>\n<\/tr>\n
BAM.PR.N<\/td>\nPerpetual-Discount<\/td>\n2.44 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-10-17
\nMaturity Price : 18.44
\nEvaluated at bid price : 18.44
\nBid-YTW : 6.51 %<\/td>\n<\/tr>\n
FTS.PR.K<\/td>\nFixedReset Disc<\/td>\n2.58 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-10-17
\nMaturity Price : 15.90
\nEvaluated at bid price : 15.90
\nBid-YTW : 8.89 %<\/td>\n<\/tr>\n
BMO.PR.W<\/td>\nFixedReset Disc<\/td>\n2.79 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-10-17
\nMaturity Price : 18.78
\nEvaluated at bid price : 18.78
\nBid-YTW : 7.59 %<\/td>\n<\/tr>\n
IFC.PR.C<\/td>\nFixedReset Disc<\/td>\n3.03 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-10-17
\nMaturity Price : 17.00
\nEvaluated at bid price : 17.00
\nBid-YTW : 8.23 %<\/td>\n<\/tr>\n
TD.PF.K<\/td>\nFixedReset Disc<\/td>\n3.13 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-10-17
\nMaturity Price : 21.40
\nEvaluated at bid price : 21.40
\nBid-YTW : 7.26 %<\/td>\n<\/tr>\n
POW.PR.D<\/td>\nPerpetual-Discount<\/td>\n4.42 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-10-17
\nMaturity Price : 18.90
\nEvaluated at bid price : 18.90
\nBid-YTW : 6.67 %<\/td>\n<\/tr>\n
RY.PR.H<\/td>\nFixedReset Disc<\/td>\n4.67 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-10-17
\nMaturity Price : 19.05
\nEvaluated at bid price : 19.05
\nBid-YTW : 7.54 %<\/td>\n<\/tr>\n
TD.PF.J<\/td>\nFixedReset Disc<\/td>\n4.76 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-10-17
\nMaturity Price : 21.62
\nEvaluated at bid price : 22.00
\nBid-YTW : 7.23 %<\/td>\n<\/tr>\n
BIP.PR.B<\/td>\nFixedReset Disc<\/td>\n5.63 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2025-12-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 24.40
\nBid-YTW : 6.47 %<\/td>\n<\/tr>\n
TD.PF.E<\/td>\nFixedReset Disc<\/td>\n7.78 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-10-17
\nMaturity Price : 19.95
\nEvaluated at bid price : 19.95
\nBid-YTW : 7.40 %<\/td>\n<\/tr>\n
IFC.PR.E<\/td>\nInsurance Straight<\/td>\n9.05 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-10-17
\nMaturity Price : 20.72
\nEvaluated at bid price : 20.72
\nBid-YTW : 6.35 %<\/td>\n<\/tr>\n
TRP.PR.E<\/td>\nFixedReset Disc<\/td>\n9.43 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-10-17
\nMaturity Price : 15.32
\nEvaluated at bid price : 15.32
\nBid-YTW : 9.32 %<\/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
NA.PR.C<\/td>\nFixedReset Disc<\/td>\n104,500<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2022-12-15
\nMaturity Price : 25.00
\nEvaluated at bid price : 24.83
\nBid-YTW : 6.59 %<\/td>\n<\/tr>\n
TRP.PR.B<\/td>\nFixedReset Disc<\/td>\n33,605<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-10-17
\nMaturity Price : 10.87
\nEvaluated at bid price : 10.87
\nBid-YTW : 9.87 %<\/td>\n<\/tr>\n
TD.PF.I<\/td>\nFixedReset Disc<\/td>\n26,400<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-10-17
\nMaturity Price : 22.80
\nEvaluated at bid price : 24.07
\nBid-YTW : 6.93 %<\/td>\n<\/tr>\n
PWF.PR.P<\/td>\nFixedReset Disc<\/td>\n25,877<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-10-17
\nMaturity Price : 11.83
\nEvaluated at bid price : 11.83
\nBid-YTW : 9.43 %<\/td>\n<\/tr>\n
SLF.PR.D<\/td>\nInsurance Straight<\/td>\n19,137<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-10-17
\nMaturity Price : 17.27
\nEvaluated at bid price : 17.27
\nBid-YTW : 6.52 %<\/td>\n<\/tr>\n
TD.PF.B<\/td>\nFixedReset Disc<\/td>\n19,050<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-10-17
\nMaturity Price : 18.50
\nEvaluated at bid price : 18.50
\nBid-YTW : 7.71 %<\/td>\n<\/tr>\n
There were 15 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.N<\/td>\nFixedReset Ins Non<\/td>\nQuote: 16.27 – 22.30
\nSpot Rate : 6.0300
\nAverage : 3.6728<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-10-17
\nMaturity Price : 16.27
\nEvaluated at bid price : 16.27
\nBid-YTW : 8.67 %<\/td>\n<\/tr>\n

MIC.PR.A<\/td>\nPerpetual-Discount<\/td>\nQuote: 18.70 – 28.99
\nSpot Rate : 10.2900
\nAverage : 8.2789<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-10-17
\nMaturity Price : 18.70
\nEvaluated at bid price : 18.70
\nBid-YTW : 7.31 %<\/td>\n<\/tr>\n

BNS.PR.I<\/td>\nFixedReset Disc<\/td>\nQuote: 21.23 – 23.45
\nSpot Rate : 2.2200
\nAverage : 1.3104<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-10-17
\nMaturity Price : 21.23
\nEvaluated at bid price : 21.23
\nBid-YTW : 7.12 %<\/td>\n<\/tr>\n

TRP.PR.D<\/td>\nFixedReset Disc<\/td>\nQuote: 15.80 – 17.60
\nSpot Rate : 1.8000
\nAverage : 1.1018<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-10-17
\nMaturity Price : 15.80
\nEvaluated at bid price : 15.80
\nBid-YTW : 9.26 %<\/td>\n<\/tr>\n

BMO.PR.T<\/td>\nFixedReset Disc<\/td>\nQuote: 18.22 – 20.00
\nSpot Rate : 1.7800
\nAverage : 1.0827<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-10-17
\nMaturity Price : 18.22
\nEvaluated at bid price : 18.22
\nBid-YTW : 7.85 %<\/td>\n<\/tr>\n

BAM.PF.E<\/td>\nFixedReset Disc<\/td>\nQuote: 14.10 – 15.88
\nSpot Rate : 1.7800
\nAverage : 1.0856<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-10-17
\nMaturity Price : 14.10
\nEvaluated at bid price : 14.10
\nBid-YTW : 10.13 %<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

TXPR closed at 553.64, up 0.92% on the day. Volume today was 1.27-million, near the median of the past 21 trading days. CPD closed at 11.12, up 2.11% on the day. Volume was 181,620, fourth-highest …<\/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-44272","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/44272","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=44272"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/44272\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=44272"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=44272"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=44272"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}