{"id":44406,"date":"2022-11-16T22:07:36","date_gmt":"2022-11-17T03:07:36","guid":{"rendered":"https:\/\/prefblog.com\/?p=44406"},"modified":"2022-11-16T22:07:36","modified_gmt":"2022-11-17T03:07:36","slug":"november-16-2022","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=44406","title":{"rendered":"November 16, 2022"},"content":{"rendered":"<div align=\"center\"><a href=\"https:\/\/prefblog.com\/wp-content\/uploads\/2022\/11\/mushroom_221116.jpg\"><img decoding=\"async\" src=\"https:\/\/prefblog.com\/wp-content\/uploads\/2022\/11\/mushroom_221116.jpg\" alt=\"\" width=\"400\"><\/a><\/div>\n<p>TXPR <a href=\"https:\/\/money.tmx.com\/en\/quote\/%5ETXPR\">closed at 546.09<\/a>, down 1.02% on the day after setting a new 52-week low. Volume today was 1.87-million, fourth-highest of the past 21 trading days.<\/p>\n<p>CPD <a href=\"https:\/\/web.tmxmoney.com\/quote.php?qm_symbol=cpd\">closed at 10.91<\/a>, up 0.18% on the day after setting a new 52-week low. Volume was 135,330, third-highest of the past 21 trading days.<\/p>\n<p>ZPR <a href=\"https:\/\/web.tmxmoney.com\/quote.php?qm_symbol=zpr\">closed at 9.14<\/a>, unchanged on the day after setting a new 52-week low. Volume was 197,240, near 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\">off a touch to 3.30%<\/a> today.<\/p>\n<p>Poor equity performance was <a href=\"https:\/\/www.theglobeandmail.com\/investing\/markets\/inside-the-market\/market-news\/article-premarket-world-stocks-pare-losses-us-dollar-falls-after-biden-defuses\/\">attributed to weak retailers<\/a>:<\/p>\n<blockquote><p>Wall Street\u2019s main indexes ended lower on Wednesday as a grim outlook from Target spurred fresh concerns about retailers heading into the crucial holiday season, while semiconductor shares slid after Micron\u2019s supply cut. The TSX also ended lower, pressured by declines in the energy and materials sectors, as investors took in the latest Canadian inflation data.<\/p>\n<p>Shares of Target Corp tumbled 13.1% after the big-box retailer forecast a surprise drop in holiday-quarter sales.<\/p>\n<p>Retail stocks slumped broadly, including declines of over 8% in shares of Macy\u2019s Inc and Best Buy Co Inc and a 7% drop for Foot Locker. The S&amp;P 500 consumer discretionary sector shed 1.5%.<\/p>\n<p>Micron Technology shares dropped 6.7% after the company said it would reduce memory chip supply and make more cuts to its capital spending plan. The S&amp;P 500 information technology sector fell 1.4% and the Philadelphia SE Semiconductor index sank 4.3%.<br \/>\n<b>&#8230;<\/b><br \/>\nFed Governor Christopher Waller, an early and outspoken inflation hawk, said he is now \u201cmore comfortable\u201d with smaller rate increases going forward after data showed price increases slowing.<\/p><\/blockquote>\n<p>Target&#8217;s number is <a href=\"https:\/\/finance.yahoo.com\/news\/target-organized-retail-crime-400-million-profits-113006396.html\">fascinating because<\/a>:<\/p>\n<blockquote><p>Target stores are getting looted, and it&#8217;s taking a huge bite out of profits.<\/p>\n<p>The discount retailer told reporters on a call to discuss its third quarter earnings results that inventory shrinkage \u2014 or the disappearance of merchandise \u2014 has reduced its gross profit margin by $400 million so far in 2022 compared to 2021.<\/p>\n<p>&#8220;At Target, year-to-date, incremental shortage has already reduced our gross margin by more than $400 million vs. last year,&#8221; Target CFO Michael Fiddelke said on the earnings call, &#8220;and we expect it will reduce our gross margin by more than $600 million for the full year.&#8221;<\/p>\n<p>Fiddelke detailed how there are &#8220;a handful of things that can drive shrink in our business and theft is certainly a key driver. We know we&#8217;re not alone across retail in seeing a trend that I think has gotten increasingly worse over the last 12 to 18 months. So we&#8217;re taking the right actions in our stores to help curb that trend where we can, but that becomes an increasing headwind on our business and we know the business of others.&#8221;<\/p>\n<p>A Target spokesperson told Yahoo Finance via email after the call the shrinkage was mostly specifically attributed to &#8220;organized retail crime.&#8221;<\/p><\/blockquote>\n<p><a href=\"https:\/\/www.theglobeandmail.com\/business\/economy\/article-statscan-october-inflation\/\">Canadian inflation was steady<\/a>:<\/p>\n<blockquote><p>Canada\u2019s inflation rate held steady in October at elevated levels, snapping a three-month streak of deceleration that was heavily influenced by rising costs at gas stations.<\/p>\n<p>The consumer price index rose 6.9 per cent in October from a year earlier, matching the inflation rate in September, Statistics Canada said Wednesday. Excluding food and energy, prices rose 5.3 per cent in October on an annual basis, slowing from 5.4 per cent in September.<br \/>\n<b>&#8230;<\/b><br \/>\nFood prices rose 10.1 per cent in October on an annual basis, down slightly from 10.3 per cent in September. Still, grocery costs are rising near multi-decade highs, and the increases are hefty for some products. Over the past year, pasta prices are up 45 per cent, lettuce by 30 per cent and soup by 18 per cent.<\/p><\/blockquote>\n<p><a href=\"https:\/\/www.nytimes.com\/2022\/11\/16\/business\/uk-inflation-october.html\">UK inflation was more exciting<\/a>:<\/p>\n<blockquote><p>Britain\u2019s cost-of-living crisis deepened in October, as consumer prices surged 11.1 percent from a year earlier, the highest in more than 40 years, granting no relief to households struggling to keep up with large increases in the price of food, heating and gas.<\/p>\n<p>The increase, which was higher than expected, came after the annual inflation rate had reached 10.1 percent in September. On a month-to-month basis, the Consumer Prices Index rose 2 percent from September to October.<br \/>\n<b>&#8230;<\/b><br \/>\nWages in Britain increased 5.7 percent in the third quarter, their fastest pace in 20 years, as people re-entered the work force following the end of Britain\u2019s pandemic lockdowns. But inflation is rising so fast that it is outstripping those gains, leaving households struggling to keep up.<\/p>\n<p>And some of the employment gains mask an underlying precariousness, with many people re-entering the labor market as self-employed workers. When adjusted for rising prices, wages overall fell by 2.7 percent in September.<\/p><\/blockquote>\n<p>PerpetualDiscounts now yield 6.75%, equivalent to 8.78% interest at the standard equivalency factor of 1.3x. <a href=\"https:\/\/www.bmogam.com\/ca-en\/advisors\/investment-solutions\/etf\/bmo-long-corporate-bond-index-etf-zlc\/\">Long corporates<\/a> now yield 5.66%, so the pre-tax interest-equivalent spread (in this context, the \u201cSeniority Spread\u201d) has narrowed to 310bp from the 340bp reported <a href=\"https:\/\/prefblog.com\/?p=44372\">November 9<\/a>. However, I suspect that the &#8220;Weighted Average Yield to Maturity&#8221; reported by BMO on their ZLC page is not kept current; anything to withhold information from the masses is good business for the banks! I&#8217;ve <a href=\"bmo.etfs@bmo.com\">sent an inquiry<\/a>; we&#8217;ll just see what kind of answer I get! So far, I&#8217;ve simply gotten the run-around.<\/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>-0.0413 %<\/td>\n<td>2,326.7<\/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>-0.0413 %<\/td>\n<td>4,462.6<\/td>\n<\/tr>\n<tr>\n<td>Floater<\/td>\n<td>8.60 %<\/td>\n<td>8.76 %<\/td>\n<td>45,173<\/td>\n<td>10.54<\/td>\n<td>2<\/td>\n<td>-0.0413 %<\/td>\n<td>2,571.8<\/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>-0.5562 %<\/td>\n<td>3,324.1<\/td>\n<\/tr>\n<tr>\n<td>SplitShare<\/td>\n<td>5.12 %<\/td>\n<td>7.37 %<\/td>\n<td>41,809<\/td>\n<td>2.83<\/td>\n<td>8<\/td>\n<td>-0.5562 %<\/td>\n<td>3,969.7<\/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>-0.5562 %<\/td>\n<td>3,097.3<\/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>0.1808 %<\/td>\n<td>2,577.0<\/td>\n<\/tr>\n<tr>\n<td>Perpetual-Discount<\/td>\n<td>6.61 %<\/td>\n<td>6.75 %<\/td>\n<td>79,271<\/td>\n<td>12.84<\/td>\n<td>34<\/td>\n<td>0.1808 %<\/td>\n<td>2,810.1<\/td>\n<\/tr>\n<tr>\n<td>FixedReset Disc<\/td>\n<td>5.52 %<\/td>\n<td>7.69 %<\/td>\n<td>88,738<\/td>\n<td>12.00<\/td>\n<td>63<\/td>\n<td>-0.3184 %<\/td>\n<td>2,183.4<\/td>\n<\/tr>\n<tr>\n<td>Insurance Straight<\/td>\n<td>6.51 %<\/td>\n<td>6.74 %<\/td>\n<td>85,167<\/td>\n<td>12.82<\/td>\n<td>18<\/td>\n<td>0.1495 %<\/td>\n<td>2,764.0<\/td>\n<\/tr>\n<tr>\n<td>FloatingReset<\/td>\n<td>9.24 %<\/td>\n<td>9.85 %<\/td>\n<td>39,452<\/td>\n<td>9.58<\/td>\n<td>2<\/td>\n<td>-0.3525 %<\/td>\n<td>2,524.3<\/td>\n<\/tr>\n<tr>\n<td>FixedReset Prem<\/td>\n<td>6.73 %<\/td>\n<td>6.58 %<\/td>\n<td>416,174<\/td>\n<td>4.21<\/td>\n<td>1<\/td>\n<td>0.0000 %<\/td>\n<td>2,342.6<\/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>-0.3184 %<\/td>\n<td>2,231.9<\/td>\n<\/tr>\n<tr>\n<td>FixedReset Ins Non<\/td>\n<td>5.44 %<\/td>\n<td>7.79 %<\/td>\n<td>44,380<\/td>\n<td>11.97<\/td>\n<td>14<\/td>\n<td>0.4157 %<\/td>\n<td>2,310.3<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<table border=\"1\">\n<tbody>\n<tr>\n<td colspan=\"4\"><strong>Performance Highlights<\/strong><\/td>\n<\/tr>\n<tr>\n<td>Issue<\/td>\n<td>Index<\/td>\n<td>Change<\/td>\n<td>Notes<\/td>\n<\/tr>\n<tr>\n<td>TD.PF.E<\/td>\n<td>FixedReset Disc<\/td>\n<td>-5.90 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-11-16<br \/>\nMaturity Price  : 18.51<br \/>\nEvaluated at bid price : 18.51<br \/>\nBid-YTW : 7.66 %<\/td>\n<\/tr>\n<tr>\n<td>PVS.PR.J<\/td>\n<td>SplitShare<\/td>\n<td>-2.42 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Hard Maturity<br \/>\nMaturity Date\t: 2028-02-29<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 22.20<br \/>\nBid-YTW : 7.22 %<\/td>\n<\/tr>\n<tr>\n<td>CU.PR.F<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-2.26 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-11-16<br \/>\nMaturity Price  : 16.90<br \/>\nEvaluated at bid price : 16.90<br \/>\nBid-YTW : 6.69 %<\/td>\n<\/tr>\n<tr>\n<td>PVS.PR.G<\/td>\n<td>SplitShare<\/td>\n<td>-2.11 %<\/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 : 23.25<br \/>\nBid-YTW : 7.73 %<\/td>\n<\/tr>\n<tr>\n<td>TRP.PR.A<\/td>\n<td>FixedReset Disc<\/td>\n<td>-1.61 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-11-16<br \/>\nMaturity Price  : 14.03<br \/>\nEvaluated at bid price : 14.03<br \/>\nBid-YTW : 8.98 %<\/td>\n<\/tr>\n<tr>\n<td>TD.PF.K<\/td>\n<td>FixedReset Disc<\/td>\n<td>-1.61 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-11-16<br \/>\nMaturity Price  : 20.22<br \/>\nEvaluated at bid price : 20.22<br \/>\nBid-YTW : 7.35 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PF.I<\/td>\n<td>FixedReset Disc<\/td>\n<td>-1.54 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-11-16<br \/>\nMaturity Price  : 21.37<br \/>\nEvaluated at bid price : 21.68<br \/>\nBid-YTW : 7.77 %<\/td>\n<\/tr>\n<tr>\n<td>CU.PR.G<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-1.29 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-11-16<br \/>\nMaturity Price  : 16.84<br \/>\nEvaluated at bid price : 16.84<br \/>\nBid-YTW : 6.72 %<\/td>\n<\/tr>\n<tr>\n<td>BMO.PR.S<\/td>\n<td>FixedReset Disc<\/td>\n<td>-1.28 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-11-16<br \/>\nMaturity Price  : 17.78<br \/>\nEvaluated at bid price : 17.78<br \/>\nBid-YTW : 7.78 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PR.R<\/td>\n<td>FixedReset Disc<\/td>\n<td>-1.26 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-11-16<br \/>\nMaturity Price  : 14.06<br \/>\nEvaluated at bid price : 14.06<br \/>\nBid-YTW : 9.02 %<\/td>\n<\/tr>\n<tr>\n<td>FTS.PR.M<\/td>\n<td>FixedReset Disc<\/td>\n<td>-1.18 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-11-16<br \/>\nMaturity Price  : 17.00<br \/>\nEvaluated at bid price : 17.00<br \/>\nBid-YTW : 8.22 %<\/td>\n<\/tr>\n<tr>\n<td>BMO.PR.E<\/td>\n<td>FixedReset Disc<\/td>\n<td>-1.15 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-11-16<br \/>\nMaturity Price  : 21.50<br \/>\nEvaluated at bid price : 21.50<br \/>\nBid-YTW : 6.98 %<\/td>\n<\/tr>\n<tr>\n<td>GWO.PR.M<\/td>\n<td>Insurance Straight<\/td>\n<td>-1.05 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-11-16<br \/>\nMaturity Price  : 21.35<br \/>\nEvaluated at bid price : 21.62<br \/>\nBid-YTW : 6.82 %<\/td>\n<\/tr>\n<tr>\n<td>SLF.PR.C<\/td>\n<td>Insurance Straight<\/td>\n<td>1.01 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-11-16<br \/>\nMaturity Price  : 18.01<br \/>\nEvaluated at bid price : 18.01<br \/>\nBid-YTW : 6.28 %<\/td>\n<\/tr>\n<tr>\n<td>POW.PR.D<\/td>\n<td>Perpetual-Discount<\/td>\n<td>1.01 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-11-16<br \/>\nMaturity Price  : 18.95<br \/>\nEvaluated at bid price : 18.95<br \/>\nBid-YTW : 6.69 %<\/td>\n<\/tr>\n<tr>\n<td>CU.PR.H<\/td>\n<td>Perpetual-Discount<\/td>\n<td>1.06 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-11-16<br \/>\nMaturity Price  : 20.00<br \/>\nEvaluated at bid price : 20.00<br \/>\nBid-YTW : 6.60 %<\/td>\n<\/tr>\n<tr>\n<td>SLF.PR.D<\/td>\n<td>Insurance Straight<\/td>\n<td>1.07 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-11-16<br \/>\nMaturity Price  : 17.99<br \/>\nEvaluated at bid price : 17.99<br \/>\nBid-YTW : 6.29 %<\/td>\n<\/tr>\n<tr>\n<td>MFC.PR.N<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>1.11 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-11-16<br \/>\nMaturity Price  : 17.30<br \/>\nEvaluated at bid price : 17.30<br \/>\nBid-YTW : 7.84 %<\/td>\n<\/tr>\n<tr>\n<td>GWO.PR.L<\/td>\n<td>Insurance Straight<\/td>\n<td>1.18 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-11-16<br \/>\nMaturity Price  : 21.40<br \/>\nEvaluated at bid price : 21.40<br \/>\nBid-YTW : 6.72 %<\/td>\n<\/tr>\n<tr>\n<td>MFC.PR.J<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>1.49 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-11-16<br \/>\nMaturity Price  : 20.41<br \/>\nEvaluated at bid price : 20.41<br \/>\nBid-YTW : 7.43 %<\/td>\n<\/tr>\n<tr>\n<td>GWO.PR.N<\/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: 2052-11-16<br \/>\nMaturity Price  : 12.64<br \/>\nEvaluated at bid price : 12.64<br \/>\nBid-YTW : 7.94 %<\/td>\n<\/tr>\n<tr>\n<td>BMO.PR.W<\/td>\n<td>FixedReset Disc<\/td>\n<td>2.04 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-11-16<br \/>\nMaturity Price  : 17.50<br \/>\nEvaluated at bid price : 17.50<br \/>\nBid-YTW : 7.67 %<\/td>\n<\/tr>\n<tr>\n<td>BIP.PR.E<\/td>\n<td>FixedReset Disc<\/td>\n<td>2.44 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-11-16<br \/>\nMaturity Price  : 21.00<br \/>\nEvaluated at bid price : 21.00<br \/>\nBid-YTW : 7.64 %<\/td>\n<\/tr>\n<tr>\n<td>TD.PF.D<\/td>\n<td>FixedReset Disc<\/td>\n<td>5.71 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-11-16<br \/>\nMaturity Price  : 18.50<br \/>\nEvaluated at bid price : 18.50<br \/>\nBid-YTW : 7.64 %<\/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>IFC.PR.A<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>96,900<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-11-16<br \/>\nMaturity Price  : 17.40<br \/>\nEvaluated at bid price : 17.40<br \/>\nBid-YTW : 7.38 %<\/td>\n<\/tr>\n<tr>\n<td>NA.PR.S<\/td>\n<td>FixedReset Disc<\/td>\n<td>80,875<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-11-16<br \/>\nMaturity Price  : 17.65<br \/>\nEvaluated at bid price : 17.65<br \/>\nBid-YTW : 7.97 %<\/td>\n<\/tr>\n<tr>\n<td>IFC.PR.E<\/td>\n<td>Insurance Straight<\/td>\n<td>53,800<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-11-16<br \/>\nMaturity Price  : 20.20<br \/>\nEvaluated at bid price : 20.20<br \/>\nBid-YTW : 6.55 %<\/td>\n<\/tr>\n<tr>\n<td>MFC.PR.M<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>53,200<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-11-16<br \/>\nMaturity Price  : 17.72<br \/>\nEvaluated at bid price : 17.72<br \/>\nBid-YTW : 7.81 %<\/td>\n<\/tr>\n<tr>\n<td>NA.PR.C<\/td>\n<td>FixedReset Prem<\/td>\n<td>46,385<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Call<br \/>\nMaturity Date\t: 2027-11-15<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 25.17<br \/>\nBid-YTW : 6.58 %<\/td>\n<\/tr>\n<tr>\n<td>CU.PR.H<\/td>\n<td>Perpetual-Discount<\/td>\n<td>42,893<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-11-16<br \/>\nMaturity Price  : 20.00<br \/>\nEvaluated at bid price : 20.00<br \/>\nBid-YTW : 6.60 %<\/td>\n<\/tr>\n<tr>\n<td colspan=\"4\">There were 31 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>RY.PR.O<\/td>\n<td>Perpetual-Discount<\/td>\n<td>Quote: 20.75 &#8211; 23.50<br \/>\nSpot Rate  :  2.7500<br \/>\nAverage  :  1.5653<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-11-16<br \/>\nMaturity Price  : 20.75<br \/>\nEvaluated at bid price : 20.75<br \/>\nBid-YTW : 5.94 %<\/td>\n<\/tr>\n<tr>\n<td>TRP.PR.E<\/td>\n<td>FixedReset Disc<\/td>\n<td>Quote: 15.21 &#8211; 19.40<br \/>\nSpot Rate  :  4.1900<br \/>\nAverage  :  3.5732<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-11-16<br \/>\nMaturity Price  : 15.21<br \/>\nEvaluated at bid price : 15.21<br \/>\nBid-YTW : 9.01 %<\/td>\n<\/tr>\n<tr>\n<td>CU.PR.H<\/td>\n<td>Perpetual-Discount<\/td>\n<td>Quote: 20.00 &#8211; 22.10<br \/>\nSpot Rate  :  2.1000<br \/>\nAverage  :  1.6604<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-11-16<br \/>\nMaturity Price  : 20.00<br \/>\nEvaluated at bid price : 20.00<br \/>\nBid-YTW : 6.60 %<\/td>\n<\/tr>\n<tr>\n<td>TD.PF.E<\/td>\n<td>FixedReset Disc<\/td>\n<td>Quote: 18.51 &#8211; 19.55<br \/>\nSpot Rate  :  1.0400<br \/>\nAverage  :  0.6863<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-11-16<br \/>\nMaturity Price  : 18.51<br \/>\nEvaluated at bid price : 18.51<br \/>\nBid-YTW : 7.66 %<\/td>\n<\/tr>\n<tr>\n<td>NA.PR.E<\/td>\n<td>FixedReset Disc<\/td>\n<td>Quote: 20.40 &#8211; 21.20<br \/>\nSpot Rate  :  0.8000<br \/>\nAverage  :  0.5444<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-11-16<br \/>\nMaturity Price  : 20.40<br \/>\nEvaluated at bid price : 20.40<br \/>\nBid-YTW : 7.30 %<\/td>\n<\/tr>\n<tr>\n<td>PVS.PR.H<\/td>\n<td>SplitShare<\/td>\n<td>Quote: 22.51 &#8211; 24.25<br \/>\nSpot Rate  :  1.7400<br \/>\nAverage  :  1.5062<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Hard Maturity<br \/>\nMaturity Date\t: 2027-02-28<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 22.51<br \/>\nBid-YTW : 7.77 %<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>TXPR closed at 546.09, down 1.02% on the day after setting a new 52-week low. Volume today was 1.87-million, fourth-highest of the past 21 trading days. CPD closed at 10.91, up 0.18% on the day &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-44406","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/44406","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=44406"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/44406\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=44406"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=44406"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=44406"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}