{"id":44455,"date":"2022-12-02T22:19:30","date_gmt":"2022-12-03T03:19:30","guid":{"rendered":"https:\/\/prefblog.com\/?p=44455"},"modified":"2022-12-02T22:19:30","modified_gmt":"2022-12-03T03:19:30","slug":"december-2-2022","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=44455","title":{"rendered":"December 2, 2022"},"content":{"rendered":"<p>Hey, how about that <a href=\"https:\/\/www.nytimes.com\/live\/2022\/12\/02\/business\/jobs-report-november-economy\">US jobs report<\/a>, eh?:<\/p>\n<blockquote><p>America\u2019s jobs engine kept churning in November, the Labor Department reported Friday, a show of continued demand for workers despite the Federal Reserve\u2019s push to curb inflation by tamping down hiring.<\/p>\n<p>Employers created 263,000 jobs, even as a wave of layoffs in the tech industry made headlines. That was only a slight drop from the revised figure of 284,000 for October.<\/p>\n<p>The unemployment rate was steady at 3.7 percent, while wages have risen 5.1 percent over the year, more than expected.<br \/>\n<b>&#8230;<\/b><br \/>\nFriday\u2019s jobs report suggested that hiring in service industries remained solid, and that wages continued to climb at a rapid pace: jumping by 5.1 percent over the past year, far more than economists expected. Wages in service industries picked up by 5.3 percent on an annual basis, much more than the 2.5 percent that was common in the decade leading up to the pandemic.<\/p><\/blockquote>\n<p>Another <a href=\"https:\/\/www.theglobeandmail.com\/business\/international-business\/article-blackstone-limits-withdrawals-from-its-us69-billion-reit\/\">REIT&#8217;s looking sick<\/a>:<\/p>\n<blockquote><p>Blackstone Inc limited withdrawals from its $69 billion real estate income trust (REIT) on Thursday after receiving too many redemption requests, an unprecedented blow to a franchise that helped it turn into an asset management behemoth.<\/p>\n<p>The curbs in redemptions came because they hit pre-set limits, rather than Blackstone setting the redemption limits on the day. Nonetheless, they fuelled investor concerns about the future of the REIT, which makes up about 17% of Blackstone\u2019s earnings. Blackstone shares ended trading down 7.1% on the news.<\/p>\n<p>Investors in the REIT, which is not publicly traded, have been growing concerned that Blackstone has been slow to adjust the vehicle\u2019s valuation to that of publicly-traded REITs, which have taken a hit amid rising interest rates, a source close to the fund said. Rising interest rates weigh on real estate values because they make financing them more expensive.<\/p>\n<p>Blackstone has reported a 9.3% year-to-date return for its REIT, net of fees, while the publicly-traded REIT index is down 3.02% in the same period.<\/p><\/blockquote>\n<p>I have long been amused by the antics of banks and bankers seeking to convince the world they know anything about investment management. Broker research? Ha! Brokers are great for data and reasonable for ideas &#8230; but when it comes to actual, actionable investment advice, you&#8217;re better off asking the shoe-shine guy in the lobby. Broker research doesn&#8217;t exist for the purpose of improving returns; it exists for the purpose of encouraging you to trade, so they&#8217;ll just keep throwing out random ideas in the hopes that one will result in a nice little commission.<\/p>\n<p>But even their data needs to be checked, because even the most cursory investment knowledge is heavily siloed in banks, and God forbid that anybody in the bond department know what a P\/E ratio is supposed to be. As a result, silly mistakes get made &#8211; in addition to silly advice &#8211; one of which got passed on to me this morning in a very irate email addressed to IIROC and copied to me:<\/p>\n<blockquote><p>This time around, their new rollout of Advanced Dashboard is publishing Ex dividend dates that are 1 day prior to the actual event (and indeed so is the dividend payment date). Their web broker system publishes the accurate data.<\/p>\n<p>Needless to say I sold 5k of a pref (TA.pr.d on nov 29) believing it was ex-d when in fact it was not.<\/p>\n<p>Here are screenshots of my watchlist and best I can tell, ALL the ex-d dates are 1 day early.<\/p><\/blockquote>\n<div align=\"center\"><a href=\"https:\/\/prefblog.com\/wp-content\/uploads\/2022\/12\/Screen-Shot-2022-12-02-at-5.16.22-PM.png\"><img decoding=\"async\" src=\"https:\/\/prefblog.com\/wp-content\/uploads\/2022\/12\/Screen-Shot-2022-12-02-at-5.16.22-PM.png\" width=\"400\"><\/a><\/div>\n<p>Oh dear, oh dear, oh dear.<\/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>0.5666 %<\/td>\n<td>2,388.2<\/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>0.5666 %<\/td>\n<td>4,580.5<\/td>\n<\/tr>\n<tr>\n<td>Floater<\/td>\n<td>8.38 %<\/td>\n<td>8.47 %<\/td>\n<td>40,375<\/td>\n<td>10.78<\/td>\n<td>2<\/td>\n<td>0.5666 %<\/td>\n<td>2,639.8<\/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>-0.0544 %<\/td>\n<td>3,283.4<\/td>\n<\/tr>\n<tr>\n<td>SplitShare<\/td>\n<td>5.18 %<\/td>\n<td>7.49 %<\/td>\n<td>47,457<\/td>\n<td>2.78<\/td>\n<td>8<\/td>\n<td>-0.0544 %<\/td>\n<td>3,921.1<\/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>-0.0544 %<\/td>\n<td>3,059.4<\/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>0.0263 %<\/td>\n<td>2,676.1<\/td>\n<\/tr>\n<tr>\n<td>Perpetual-Discount<\/td>\n<td>6.36 %<\/td>\n<td>6.51 %<\/td>\n<td>94,871<\/td>\n<td>13.12<\/td>\n<td>34<\/td>\n<td>0.0263 %<\/td>\n<td>2,918.1<\/td>\n<\/tr>\n<tr>\n<td>FixedReset Disc<\/td>\n<td>5.40 %<\/td>\n<td>7.42 %<\/td>\n<td>90,598<\/td>\n<td>12.21<\/td>\n<td>63<\/td>\n<td>0.3557 %<\/td>\n<td>2,231.9<\/td>\n<\/tr>\n<tr>\n<td>Insurance Straight<\/td>\n<td>6.35 %<\/td>\n<td>6.44 %<\/td>\n<td>104,207<\/td>\n<td>13.35<\/td>\n<td>18<\/td>\n<td>0.4124 %<\/td>\n<td>2,836.2<\/td>\n<\/tr>\n<tr>\n<td>FloatingReset<\/td>\n<td>9.29 %<\/td>\n<td>9.62 %<\/td>\n<td>45,345<\/td>\n<td>9.93<\/td>\n<td>2<\/td>\n<td>0.6129 %<\/td>\n<td>2,531.6<\/td>\n<\/tr>\n<tr>\n<td>FixedReset Prem<\/td>\n<td>6.49 %<\/td>\n<td>6.14 %<\/td>\n<td>413,968<\/td>\n<td>4.19<\/td>\n<td>1<\/td>\n<td>0.1175 %<\/td>\n<td>2,378.9<\/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>0.3557 %<\/td>\n<td>2,281.4<\/td>\n<\/tr>\n<tr>\n<td>FixedReset Ins Non<\/td>\n<td>5.39 %<\/td>\n<td>7.55 %<\/td>\n<td>45,098<\/td>\n<td>12.28<\/td>\n<td>14<\/td>\n<td>0.2444 %<\/td>\n<td>2,330.4<\/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>BAM.PR.M<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-1.89 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-12-02<br \/>\nMaturity Price  : 18.69<br \/>\nEvaluated at bid price : 18.69<br \/>\nBid-YTW : 6.49 %<\/td>\n<\/tr>\n<tr>\n<td>POW.PR.D<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-1.77 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-12-02<br \/>\nMaturity Price  : 19.45<br \/>\nEvaluated at bid price : 19.45<br \/>\nBid-YTW : 6.54 %<\/td>\n<\/tr>\n<tr>\n<td>BMO.PR.S<\/td>\n<td>FixedReset Disc<\/td>\n<td>-1.59 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-12-02<br \/>\nMaturity Price  : 17.91<br \/>\nEvaluated at bid price : 17.91<br \/>\nBid-YTW : 7.58 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PR.Z<\/td>\n<td>FixedReset Disc<\/td>\n<td>-1.45 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-12-02<br \/>\nMaturity Price  : 21.48<br \/>\nEvaluated at bid price : 21.78<br \/>\nBid-YTW : 7.19 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PR.N<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-1.42 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-12-02<br \/>\nMaturity Price  : 18.75<br \/>\nEvaluated at bid price : 18.75<br \/>\nBid-YTW : 6.47 %<\/td>\n<\/tr>\n<tr>\n<td>PWF.PR.T<\/td>\n<td>FixedReset Disc<\/td>\n<td>-1.36 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-12-02<br \/>\nMaturity Price  : 18.20<br \/>\nEvaluated at bid price : 18.20<br \/>\nBid-YTW : 7.64 %<\/td>\n<\/tr>\n<tr>\n<td>IFC.PR.A<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>-1.35 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-12-02<br \/>\nMaturity Price  : 17.51<br \/>\nEvaluated at bid price : 17.51<br \/>\nBid-YTW : 7.15 %<\/td>\n<\/tr>\n<tr>\n<td>FTS.PR.G<\/td>\n<td>FixedReset Disc<\/td>\n<td>-1.33 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-12-02<br \/>\nMaturity Price  : 17.03<br \/>\nEvaluated at bid price : 17.03<br \/>\nBid-YTW : 7.86 %<\/td>\n<\/tr>\n<tr>\n<td>BIP.PR.F<\/td>\n<td>FixedReset Disc<\/td>\n<td>-1.27 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-12-02<br \/>\nMaturity Price  : 19.45<br \/>\nEvaluated at bid price : 19.45<br \/>\nBid-YTW : 7.82 %<\/td>\n<\/tr>\n<tr>\n<td>POW.PR.B<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-1.25 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-12-02<br \/>\nMaturity Price  : 20.50<br \/>\nEvaluated at bid price : 20.50<br \/>\nBid-YTW : 6.64 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PF.D<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-1.04 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-12-02<br \/>\nMaturity Price  : 19.00<br \/>\nEvaluated at bid price : 19.00<br \/>\nBid-YTW : 6.59 %<\/td>\n<\/tr>\n<tr>\n<td>CCS.PR.C<\/td>\n<td>Insurance Straight<\/td>\n<td>-1.03 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-12-02<br \/>\nMaturity Price  : 19.30<br \/>\nEvaluated at bid price : 19.30<br \/>\nBid-YTW : 6.49 %<\/td>\n<\/tr>\n<tr>\n<td>MFC.PR.B<\/td>\n<td>Insurance Straight<\/td>\n<td>1.07 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-12-02<br \/>\nMaturity Price  : 18.95<br \/>\nEvaluated at bid price : 18.95<br \/>\nBid-YTW : 6.16 %<\/td>\n<\/tr>\n<tr>\n<td>NA.PR.G<\/td>\n<td>FixedReset Disc<\/td>\n<td>1.11 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-12-02<br \/>\nMaturity Price  : 21.00<br \/>\nEvaluated at bid price : 21.00<br \/>\nBid-YTW : 7.13 %<\/td>\n<\/tr>\n<tr>\n<td>FTS.PR.F<\/td>\n<td>Perpetual-Discount<\/td>\n<td>1.11 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-12-02<br \/>\nMaturity Price  : 20.04<br \/>\nEvaluated at bid price : 20.04<br \/>\nBid-YTW : 6.16 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PF.I<\/td>\n<td>FixedReset Disc<\/td>\n<td>1.11 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-12-02<br \/>\nMaturity Price  : 22.14<br \/>\nEvaluated at bid price : 22.70<br \/>\nBid-YTW : 7.34 %<\/td>\n<\/tr>\n<tr>\n<td>TRP.PR.G<\/td>\n<td>FixedReset Disc<\/td>\n<td>1.13 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-12-02<br \/>\nMaturity Price  : 17.00<br \/>\nEvaluated at bid price : 17.00<br \/>\nBid-YTW : 8.19 %<\/td>\n<\/tr>\n<tr>\n<td>TRP.PR.F<\/td>\n<td>FloatingReset<\/td>\n<td>1.15 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-12-02<br \/>\nMaturity Price  : 15.78<br \/>\nEvaluated at bid price : 15.78<br \/>\nBid-YTW : 9.62 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PF.H<\/td>\n<td>FixedReset Disc<\/td>\n<td>1.20 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Call<br \/>\nMaturity Date\t: 2025-12-31<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 24.40<br \/>\nBid-YTW : 6.22 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PF.E<\/td>\n<td>FixedReset Disc<\/td>\n<td>1.25 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-12-02<br \/>\nMaturity Price  : 16.20<br \/>\nEvaluated at bid price : 16.20<br \/>\nBid-YTW : 8.41 %<\/td>\n<\/tr>\n<tr>\n<td>GWO.PR.S<\/td>\n<td>Insurance Straight<\/td>\n<td>1.39 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-12-02<br \/>\nMaturity Price  : 20.40<br \/>\nEvaluated at bid price : 20.40<br \/>\nBid-YTW : 6.45 %<\/td>\n<\/tr>\n<tr>\n<td>GWO.PR.R<\/td>\n<td>Insurance Straight<\/td>\n<td>1.46 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-12-02<br \/>\nMaturity Price  : 18.72<br \/>\nEvaluated at bid price : 18.72<br \/>\nBid-YTW : 6.42 %<\/td>\n<\/tr>\n<tr>\n<td>FTS.PR.J<\/td>\n<td>Perpetual-Discount<\/td>\n<td>1.47 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-12-02<br \/>\nMaturity Price  : 19.35<br \/>\nEvaluated at bid price : 19.35<br \/>\nBid-YTW : 6.19 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PR.K<\/td>\n<td>Floater<\/td>\n<td>1.53 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-12-02<br \/>\nMaturity Price  : 12.60<br \/>\nEvaluated at bid price : 12.60<br \/>\nBid-YTW : 8.47 %<\/td>\n<\/tr>\n<tr>\n<td>RY.PR.M<\/td>\n<td>FixedReset Disc<\/td>\n<td>1.63 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-12-02<br \/>\nMaturity Price  : 18.70<br \/>\nEvaluated at bid price : 18.70<br \/>\nBid-YTW : 7.11 %<\/td>\n<\/tr>\n<tr>\n<td>PWF.PR.S<\/td>\n<td>Perpetual-Discount<\/td>\n<td>1.67 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-12-02<br \/>\nMaturity Price  : 18.83<br \/>\nEvaluated at bid price : 18.83<br \/>\nBid-YTW : 6.47 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PF.B<\/td>\n<td>FixedReset Disc<\/td>\n<td>1.80 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-12-02<br \/>\nMaturity Price  : 17.58<br \/>\nEvaluated at bid price : 17.58<br \/>\nBid-YTW : 8.26 %<\/td>\n<\/tr>\n<tr>\n<td>GWO.PR.I<\/td>\n<td>Insurance Straight<\/td>\n<td>1.87 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-12-02<br \/>\nMaturity Price  : 17.95<br \/>\nEvaluated at bid price : 17.95<br \/>\nBid-YTW : 6.28 %<\/td>\n<\/tr>\n<tr>\n<td>MFC.PR.F<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>1.92 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-12-02<br \/>\nMaturity Price  : 13.30<br \/>\nEvaluated at bid price : 13.30<br \/>\nBid-YTW : 7.68 %<\/td>\n<\/tr>\n<tr>\n<td>BMO.PR.Y<\/td>\n<td>FixedReset Disc<\/td>\n<td>1.93 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-12-02<br \/>\nMaturity Price  : 18.45<br \/>\nEvaluated at bid price : 18.45<br \/>\nBid-YTW : 7.37 %<\/td>\n<\/tr>\n<tr>\n<td>MFC.PR.C<\/td>\n<td>Insurance Straight<\/td>\n<td>1.94 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-12-02<br \/>\nMaturity Price  : 18.42<br \/>\nEvaluated at bid price : 18.42<br \/>\nBid-YTW : 6.13 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PR.R<\/td>\n<td>FixedReset Disc<\/td>\n<td>2.00 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-12-02<br \/>\nMaturity Price  : 14.79<br \/>\nEvaluated at bid price : 14.79<br \/>\nBid-YTW : 8.47 %<\/td>\n<\/tr>\n<tr>\n<td>PWF.PF.A<\/td>\n<td>Perpetual-Discount<\/td>\n<td>2.45 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-12-02<br \/>\nMaturity Price  : 18.00<br \/>\nEvaluated at bid price : 18.00<br \/>\nBid-YTW : 6.34 %<\/td>\n<\/tr>\n<tr>\n<td>TRP.PR.E<\/td>\n<td>FixedReset Disc<\/td>\n<td>2.63 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-12-02<br \/>\nMaturity Price  : 15.60<br \/>\nEvaluated at bid price : 15.60<br \/>\nBid-YTW : 8.64 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PF.A<\/td>\n<td>FixedReset Disc<\/td>\n<td>2.91 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-12-02<br \/>\nMaturity Price  : 19.82<br \/>\nEvaluated at bid price : 19.82<br \/>\nBid-YTW : 7.81 %<\/td>\n<\/tr>\n<tr>\n<td>SLF.PR.H<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>2.93 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-12-02<br \/>\nMaturity Price  : 15.80<br \/>\nEvaluated at bid price : 15.80<br \/>\nBid-YTW : 7.55 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PR.T<\/td>\n<td>FixedReset Disc<\/td>\n<td>4.38 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-12-02<br \/>\nMaturity Price  : 15.50<br \/>\nEvaluated at bid price : 15.50<br \/>\nBid-YTW : 8.21 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PF.G<\/td>\n<td>FixedReset Disc<\/td>\n<td>6.03 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-12-02<br \/>\nMaturity Price  : 16.70<br \/>\nEvaluated at bid price : 16.70<br \/>\nBid-YTW : 8.42 %<\/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>PWF.PR.L<\/td>\n<td>Perpetual-Discount<\/td>\n<td>63,791<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-12-02<br \/>\nMaturity Price  : 19.73<br \/>\nEvaluated at bid price : 19.73<br \/>\nBid-YTW : 6.56 %<\/td>\n<\/tr>\n<tr>\n<td>PWF.PR.H<\/td>\n<td>Perpetual-Discount<\/td>\n<td>63,671<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-12-02<br \/>\nMaturity Price  : 21.87<br \/>\nEvaluated at bid price : 22.11<br \/>\nBid-YTW : 6.59 %<\/td>\n<\/tr>\n<tr>\n<td>TD.PF.I<\/td>\n<td>FixedReset Disc<\/td>\n<td>44,300<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-12-02<br \/>\nMaturity Price  : 23.19<br \/>\nEvaluated at bid price : 25.06<br \/>\nBid-YTW : 6.23 %<\/td>\n<\/tr>\n<tr>\n<td>PWF.PF.A<\/td>\n<td>Perpetual-Discount<\/td>\n<td>43,051<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-12-02<br \/>\nMaturity Price  : 18.00<br \/>\nEvaluated at bid price : 18.00<br \/>\nBid-YTW : 6.34 %<\/td>\n<\/tr>\n<tr>\n<td>CU.PR.G<\/td>\n<td>Perpetual-Discount<\/td>\n<td>35,662<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-12-02<br \/>\nMaturity Price  : 17.90<br \/>\nEvaluated at bid price : 17.90<br \/>\nBid-YTW : 6.34 %<\/td>\n<\/tr>\n<tr>\n<td>GWO.PR.Y<\/td>\n<td>Insurance Straight<\/td>\n<td>31,484<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-12-02<br \/>\nMaturity Price  : 17.60<br \/>\nEvaluated at bid price : 17.60<br \/>\nBid-YTW : 6.41 %<\/td>\n<\/tr>\n<tr>\n<td colspan=\"4\">There were 33 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>TRP.PR.E<\/td>\n<td>FixedReset Disc<\/td>\n<td>Quote: 15.60 &#8211; 19.40<br \/>\nSpot Rate  :  3.8000<br \/>\nAverage  :  3.3090<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-12-02<br \/>\nMaturity Price  : 15.60<br \/>\nEvaluated at bid price : 15.60<br \/>\nBid-YTW : 8.64 %<\/td>\n<\/tr>\n<tr>\n<td>SLF.PR.D<\/td>\n<td>Insurance Straight<\/td>\n<td>Quote: 18.24 &#8211; 18.99<br \/>\nSpot Rate  :  0.7500<br \/>\nAverage  :  0.4594<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-12-02<br \/>\nMaturity Price  : 18.24<br \/>\nEvaluated at bid price : 18.24<br \/>\nBid-YTW : 6.11 %<\/td>\n<\/tr>\n<tr>\n<td>CU.PR.E<\/td>\n<td>Perpetual-Discount<\/td>\n<td>Quote: 19.15 &#8211; 22.00<br \/>\nSpot Rate  :  2.8500<br \/>\nAverage  :  2.5742<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-12-02<br \/>\nMaturity Price  : 19.15<br \/>\nEvaluated at bid price : 19.15<br \/>\nBid-YTW : 6.45 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PR.X<\/td>\n<td>FixedReset Disc<\/td>\n<td>Quote: 16.74 &#8211; 17.75<br \/>\nSpot Rate  :  1.0100<br \/>\nAverage  :  0.7389<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-12-02<br \/>\nMaturity Price  : 16.74<br \/>\nEvaluated at bid price : 16.74<br \/>\nBid-YTW : 7.46 %<\/td>\n<\/tr>\n<tr>\n<td>TD.PF.K<\/td>\n<td>FixedReset Disc<\/td>\n<td>Quote: 20.45 &#8211; 21.25<br \/>\nSpot Rate  :  0.8000<br \/>\nAverage  :  0.5820<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-12-02<br \/>\nMaturity Price  : 20.45<br \/>\nEvaluated at bid price : 20.45<br \/>\nBid-YTW : 7.12 %<\/td>\n<\/tr>\n<tr>\n<td>RY.PR.O<\/td>\n<td>Perpetual-Discount<\/td>\n<td>Quote: 21.81 &#8211; 22.65<br \/>\nSpot Rate  :  0.8400<br \/>\nAverage  :  0.6338<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-12-02<br \/>\nMaturity Price  : 21.81<br \/>\nEvaluated at bid price : 21.81<br \/>\nBid-YTW : 5.66 %<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Hey, how about that US jobs report, eh?: America\u2019s jobs engine kept churning in November, the Labor Department reported Friday, a show of continued demand for workers despite the Federal Reserve\u2019s push to curb inflation &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-44455","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/44455","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=44455"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/44455\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=44455"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=44455"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=44455"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}