{"id":44559,"date":"2022-12-20T21:37:03","date_gmt":"2022-12-21T02:37:03","guid":{"rendered":"https:\/\/prefblog.com\/?p=44559"},"modified":"2022-12-20T21:37:03","modified_gmt":"2022-12-21T02:37:03","slug":"december-20-2022","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=44559","title":{"rendered":"December 20, 2022"},"content":{"rendered":"<div align=\"center\"><a href=\"https:\/\/prefblog.com\/wp-content\/uploads\/2022\/12\/explosion_221220-scaled.webp\"><img decoding=\"async\" src=\"https:\/\/prefblog.com\/wp-content\/uploads\/2022\/12\/explosion_221220-scaled.webp\" alt=\"\" width=\"400\"><\/a><\/div>\n<p>TXPR <a href=\"https:\/\/money.tmx.com\/en\/quote\/%5ETXPR\">closed at 536.60<\/a>, down 0.78% on the day and setting a new 52-week low of 536.33. Volume today was 2.70-million, fifth-highest of the past 21 trading days.<\/p>\n<p>CPD <a href=\"https:\/\/web.tmxmoney.com\/quote.php?qm_symbol=cpd\">closed at 10.73<\/a>, down 0.46% on the day. Volume was 142,560, below the median of the past 21 trading days.<\/p>\n<p>ZPR <a href=\"https:\/\/web.tmxmoney.com\/quote.php?qm_symbol=zpr\">closed at 8.90<\/a>, down 0.67% on the day after setting a new 52-week low of 8.88. Volume was 239,970, below the median of the past 21 trading days.<\/p>\n<p>Five-year Canada yields were <a href=\"https:\/\/www.investing.com\/rates-bonds\/canada-5-year-bond-yield-historical-data\">up sharply to 3.08%<\/a> today.<\/p>\n<p>The attribution was <a href=\"https:\/\/www.theglobeandmail.com\/investing\/markets\/inside-the-market\/market-news\/article-premarket-world-stocks-bonds-fall-as-bank-of-japans-surprise-policy\/\">more of the same, with a new player<\/a>:<\/p>\n<blockquote><p>U.S. and Canadian stocks closed modestly higher on Tuesday after four sessions of declines, but investors fretted about weak holiday shopping and rising bond yields added pressure after the Bank of Japan\u2019s surprise tweak of its monetary policy.<\/p>\n<p>Fears about the economic impact of the Federal Reserve\u2019s plan to keep raising U.S. interest rates have weighed heavily on equities since its policy meeting last week.<\/p>\n<p>Adding to pressure on equity prices was an increase in U.S. Treasury yields after the BOJ made a surprise tweak to its bond yield control that allows long-term interest rates to rise more. In the U.S., the yield on the 10-year Treasury rose to 3.68% from 3.59% late Monday. The Canadian 10-year government bond yield was up 13 basis points by late afternoon to just above 3% &#8211; its highest level since the end of November.<\/p><\/blockquote>\n<p>The <a href=\"https:\/\/www.theglobeandmail.com\/business\/international-business\/asia-pacific-business\/article-bank-of-japan-jolts-markets-in-surprise-change-to-yield-curve-policy\/\">BoJ&#8217;s move caused much speculation<\/a>:<\/p>\n<blockquote><p>Shares tanked, while the yen and bond yields spiked following the decision, which caught off-guard investors who had expected the BOJ to make no changes to its yield curve control (YCC) until Governor Haruhiko Kuroda steps down in April.<\/p>\n<p>In a move explained as seeking to breathe life back into a dormant bond market, the BOJ decided to allow the 10-year bond yield to move 50 basis points either side of its 0-per-cent target, wider than the previous 25 basis point band.<\/p>\n<p>But the central bank kept its yield target unchanged and said it will sharply increase bond buying, a sign the move was a fine-tuning of existing ultraloose monetary policy rather than a withdrawal of stimulus.<\/p>\n<p>Mr. Kuroda said the move was aimed at ironing out distortions in the shape of the yield curve and ensuring the benefits of the bank\u2019s stimulus program are directed to markets and companies.<br \/>\n<b>&#8230;<\/b><br \/>\nThe BOJ\u2019s ultralow rate policy and its relentless bond buying to defend its yield cap have drawn increasing public criticism for distorting the yield curve, draining market liquidity and fuelling an unwelcome yen plunge that inflated the cost of raw material imports.<\/p>\n<p>Much of that public anger has centred on Mr. Kuroda, who was hand-picked by former prime minister Shinzo Abe as BOJ governor a decade ago to rev up sluggish consumer demand with massive monetary stimulus.<\/p>\n<p>In a rare acknowledgment of the drawbacks of his policy, Mr. Kuroda said the decision to widen the yield band now came from surveys showing a sharp deterioration in bond market functions.<\/p>\n<p>He also said the BOJ must look not just at downside but upside risks to growth and inflation, signalling that there was scope for a withdrawal of stimulus next year if economic conditions allow.<\/p><\/blockquote>\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>0.0809 %<\/td>\n<td>2,377.6<\/td>\n<\/tr>\n<tr>\n<td>FixedFloater<\/td>\n<td>0.00 %<\/td>\n<td>0.00 %<\/td>\n<td>0<\/td>\n<td>0.00<\/td>\n<td>0<\/td>\n<td>0.0809 %<\/td>\n<td>4,560.3<\/td>\n<\/tr>\n<tr>\n<td>Floater<\/td>\n<td>9.12 %<\/td>\n<td>9.15 %<\/td>\n<td>47,996<\/td>\n<td>10.28<\/td>\n<td>2<\/td>\n<td>0.0809 %<\/td>\n<td>2,628.1<\/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>0.8735 %<\/td>\n<td>3,209.9<\/td>\n<\/tr>\n<tr>\n<td>SplitShare<\/td>\n<td>5.30 %<\/td>\n<td>8.09 %<\/td>\n<td>61,169<\/td>\n<td>2.73<\/td>\n<td>8<\/td>\n<td>0.8735 %<\/td>\n<td>3,833.4<\/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>0.8735 %<\/td>\n<td>2,990.9<\/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>-0.3451 %<\/td>\n<td>2,635.7<\/td>\n<\/tr>\n<tr>\n<td>Perpetual-Discount<\/td>\n<td>6.46 %<\/td>\n<td>6.59 %<\/td>\n<td>109,803<\/td>\n<td>13.00<\/td>\n<td>35<\/td>\n<td>-0.3451 %<\/td>\n<td>2,874.1<\/td>\n<\/tr>\n<tr>\n<td>FixedReset Disc<\/td>\n<td>5.64 %<\/td>\n<td>7.50 %<\/td>\n<td>103,341<\/td>\n<td>12.19<\/td>\n<td>62<\/td>\n<td>-0.9344 %<\/td>\n<td>2,129.5<\/td>\n<\/tr>\n<tr>\n<td>Insurance Straight<\/td>\n<td>6.45 %<\/td>\n<td>6.55 %<\/td>\n<td>120,290<\/td>\n<td>13.17<\/td>\n<td>20<\/td>\n<td>-0.2499 %<\/td>\n<td>2,783.7<\/td>\n<\/tr>\n<tr>\n<td>FloatingReset<\/td>\n<td>9.72 %<\/td>\n<td>9.36 %<\/td>\n<td>35,649<\/td>\n<td>10.10<\/td>\n<td>2<\/td>\n<td>0.0657 %<\/td>\n<td>2,473.1<\/td>\n<\/tr>\n<tr>\n<td>FixedReset Prem<\/td>\n<td>6.62 %<\/td>\n<td>6.50 %<\/td>\n<td>209,478<\/td>\n<td>12.74<\/td>\n<td>2<\/td>\n<td>-0.2774 %<\/td>\n<td>2,372.9<\/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>-0.9344 %<\/td>\n<td>2,176.8<\/td>\n<\/tr>\n<tr>\n<td>FixedReset Ins Non<\/td>\n<td>5.62 %<\/td>\n<td>7.61 %<\/td>\n<td>60,863<\/td>\n<td>12.25<\/td>\n<td>14<\/td>\n<td>-0.4176 %<\/td>\n<td>2,235.8<\/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>PWF.PR.S<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-4.15 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-12-20<br \/>\nMaturity Price  : 17.78<br \/>\nEvaluated at bid price : 17.78<br \/>\nBid-YTW : 6.88 %<\/td>\n<\/tr>\n<tr>\n<td>BN.PF.E<\/td>\n<td>FixedReset Disc<\/td>\n<td>-3.65 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-12-20<br \/>\nMaturity Price  : 14.53<br \/>\nEvaluated at bid price : 14.53<br \/>\nBid-YTW : 9.00 %<\/td>\n<\/tr>\n<tr>\n<td>PWF.PR.T<\/td>\n<td>FixedReset Disc<\/td>\n<td>-3.28 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-12-20<br \/>\nMaturity Price  : 17.41<br \/>\nEvaluated at bid price : 17.41<br \/>\nBid-YTW : 7.71 %<\/td>\n<\/tr>\n<tr>\n<td>CU.PR.C<\/td>\n<td>FixedReset Disc<\/td>\n<td>-3.00 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-12-20<br \/>\nMaturity Price  : 18.43<br \/>\nEvaluated at bid price : 18.43<br \/>\nBid-YTW : 7.32 %<\/td>\n<\/tr>\n<tr>\n<td>RY.PR.M<\/td>\n<td>FixedReset Disc<\/td>\n<td>-2.50 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-12-20<br \/>\nMaturity Price  : 17.55<br \/>\nEvaluated at bid price : 17.55<br \/>\nBid-YTW : 7.33 %<\/td>\n<\/tr>\n<tr>\n<td>BN.PF.I<\/td>\n<td>FixedReset Disc<\/td>\n<td>-2.49 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-12-20<br \/>\nMaturity Price  : 21.51<br \/>\nEvaluated at bid price : 21.51<br \/>\nBid-YTW : 7.51 %<\/td>\n<\/tr>\n<tr>\n<td>BN.PF.B<\/td>\n<td>FixedReset Disc<\/td>\n<td>-2.42 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-12-20<br \/>\nMaturity Price  : 16.11<br \/>\nEvaluated at bid price : 16.11<br \/>\nBid-YTW : 8.61 %<\/td>\n<\/tr>\n<tr>\n<td>BN.PR.R<\/td>\n<td>FixedReset Disc<\/td>\n<td>-2.34 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-12-20<br \/>\nMaturity Price  : 13.75<br \/>\nEvaluated at bid price : 13.75<br \/>\nBid-YTW : 8.69 %<\/td>\n<\/tr>\n<tr>\n<td>TRP.PR.C<\/td>\n<td>FixedReset Disc<\/td>\n<td>-2.31 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-12-20<br \/>\nMaturity Price  : 11.41<br \/>\nEvaluated at bid price : 11.41<br \/>\nBid-YTW : 8.72 %<\/td>\n<\/tr>\n<tr>\n<td>TRP.PR.D<\/td>\n<td>FixedReset Disc<\/td>\n<td>-2.27 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-12-20<br \/>\nMaturity Price  : 15.10<br \/>\nEvaluated at bid price : 15.10<br \/>\nBid-YTW : 8.81 %<\/td>\n<\/tr>\n<tr>\n<td>BN.PF.F<\/td>\n<td>FixedReset Disc<\/td>\n<td>-2.25 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-12-20<br \/>\nMaturity Price  : 16.06<br \/>\nEvaluated at bid price : 16.06<br \/>\nBid-YTW : 8.79 %<\/td>\n<\/tr>\n<tr>\n<td>BNS.PR.I<\/td>\n<td>FixedReset Disc<\/td>\n<td>-2.19 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-12-20<br \/>\nMaturity Price  : 19.66<br \/>\nEvaluated at bid price : 19.66<br \/>\nBid-YTW : 6.96 %<\/td>\n<\/tr>\n<tr>\n<td>MIC.PR.A<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-2.17 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-12-20<br \/>\nMaturity Price  : 18.05<br \/>\nEvaluated at bid price : 18.05<br \/>\nBid-YTW : 7.53 %<\/td>\n<\/tr>\n<tr>\n<td>NA.PR.E<\/td>\n<td>FixedReset Disc<\/td>\n<td>-2.11 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-12-20<br \/>\nMaturity Price  : 19.01<br \/>\nEvaluated at bid price : 19.01<br \/>\nBid-YTW : 7.41 %<\/td>\n<\/tr>\n<tr>\n<td>BN.PF.A<\/td>\n<td>FixedReset Disc<\/td>\n<td>-1.96 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-12-20<br \/>\nMaturity Price  : 18.02<br \/>\nEvaluated at bid price : 18.02<br \/>\nBid-YTW : 8.17 %<\/td>\n<\/tr>\n<tr>\n<td>GWO.PR.N<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>-1.87 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-12-20<br \/>\nMaturity Price  : 12.08<br \/>\nEvaluated at bid price : 12.08<br \/>\nBid-YTW : 7.80 %<\/td>\n<\/tr>\n<tr>\n<td>BN.PF.G<\/td>\n<td>FixedReset Disc<\/td>\n<td>-1.79 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-12-20<br \/>\nMaturity Price  : 15.35<br \/>\nEvaluated at bid price : 15.35<br \/>\nBid-YTW : 8.75 %<\/td>\n<\/tr>\n<tr>\n<td>TD.PF.J<\/td>\n<td>FixedReset Disc<\/td>\n<td>-1.76 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-12-20<br \/>\nMaturity Price  : 20.68<br \/>\nEvaluated at bid price : 20.68<br \/>\nBid-YTW : 6.97 %<\/td>\n<\/tr>\n<tr>\n<td>TRP.PR.E<\/td>\n<td>FixedReset Disc<\/td>\n<td>-1.67 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-12-20<br \/>\nMaturity Price  : 14.75<br \/>\nEvaluated at bid price : 14.75<br \/>\nBid-YTW : 8.83 %<\/td>\n<\/tr>\n<tr>\n<td>TRP.PR.B<\/td>\n<td>FixedReset Disc<\/td>\n<td>-1.55 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-12-20<br \/>\nMaturity Price  : 10.82<br \/>\nEvaluated at bid price : 10.82<br \/>\nBid-YTW : 8.78 %<\/td>\n<\/tr>\n<tr>\n<td>BIP.PR.E<\/td>\n<td>FixedReset Disc<\/td>\n<td>-1.54 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-12-20<br \/>\nMaturity Price  : 19.15<br \/>\nEvaluated at bid price : 19.15<br \/>\nBid-YTW : 7.86 %<\/td>\n<\/tr>\n<tr>\n<td>BN.PR.T<\/td>\n<td>FixedReset Disc<\/td>\n<td>-1.37 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-12-20<br \/>\nMaturity Price  : 14.45<br \/>\nEvaluated at bid price : 14.45<br \/>\nBid-YTW : 8.45 %<\/td>\n<\/tr>\n<tr>\n<td>CCS.PR.C<\/td>\n<td>Insurance Straight<\/td>\n<td>-1.36 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-12-20<br \/>\nMaturity Price  : 18.84<br \/>\nEvaluated at bid price : 18.84<br \/>\nBid-YTW : 6.68 %<\/td>\n<\/tr>\n<tr>\n<td>NA.PR.W<\/td>\n<td>FixedReset Disc<\/td>\n<td>-1.34 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-12-20<br \/>\nMaturity Price  : 16.18<br \/>\nEvaluated at bid price : 16.18<br \/>\nBid-YTW : 7.88 %<\/td>\n<\/tr>\n<tr>\n<td>TD.PF.B<\/td>\n<td>FixedReset Disc<\/td>\n<td>-1.28 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-12-20<br \/>\nMaturity Price  : 17.00<br \/>\nEvaluated at bid price : 17.00<br \/>\nBid-YTW : 7.60 %<\/td>\n<\/tr>\n<tr>\n<td>RY.PR.H<\/td>\n<td>FixedReset Disc<\/td>\n<td>-1.27 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-12-20<br \/>\nMaturity Price  : 17.05<br \/>\nEvaluated at bid price : 17.05<br \/>\nBid-YTW : 7.52 %<\/td>\n<\/tr>\n<tr>\n<td>TD.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: 2052-12-20<br \/>\nMaturity Price  : 18.90<br \/>\nEvaluated at bid price : 18.90<br \/>\nBid-YTW : 7.18 %<\/td>\n<\/tr>\n<tr>\n<td>CM.PR.S<\/td>\n<td>FixedReset Disc<\/td>\n<td>-1.22 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-12-20<br \/>\nMaturity Price  : 20.26<br \/>\nEvaluated at bid price : 20.26<br \/>\nBid-YTW : 6.81 %<\/td>\n<\/tr>\n<tr>\n<td>PVS.PR.J<\/td>\n<td>SplitShare<\/td>\n<td>-1.21 %<\/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 : 20.45<br \/>\nBid-YTW : 8.95 %<\/td>\n<\/tr>\n<tr>\n<td>POW.PR.D<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-1.18 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-12-20<br \/>\nMaturity Price  : 19.32<br \/>\nEvaluated at bid price : 19.32<br \/>\nBid-YTW : 6.61 %<\/td>\n<\/tr>\n<tr>\n<td>BMO.PR.W<\/td>\n<td>FixedReset Disc<\/td>\n<td>-1.15 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-12-20<br \/>\nMaturity Price  : 17.15<br \/>\nEvaluated at bid price : 17.15<br \/>\nBid-YTW : 7.42 %<\/td>\n<\/tr>\n<tr>\n<td>BMO.PR.S<\/td>\n<td>FixedReset Disc<\/td>\n<td>-1.13 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-12-20<br \/>\nMaturity Price  : 17.50<br \/>\nEvaluated at bid price : 17.50<br \/>\nBid-YTW : 7.49 %<\/td>\n<\/tr>\n<tr>\n<td>MFC.PR.N<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>-1.08 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-12-20<br \/>\nMaturity Price  : 16.43<br \/>\nEvaluated at bid price : 16.43<br \/>\nBid-YTW : 7.73 %<\/td>\n<\/tr>\n<tr>\n<td>BN.PF.H<\/td>\n<td>FixedReset Disc<\/td>\n<td>-1.06 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-12-20<br \/>\nMaturity Price  : 22.58<br \/>\nEvaluated at bid price : 23.25<br \/>\nBid-YTW : 7.24 %<\/td>\n<\/tr>\n<tr>\n<td>MFC.PR.L<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>-1.04 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-12-20<br \/>\nMaturity Price  : 16.10<br \/>\nEvaluated at bid price : 16.10<br \/>\nBid-YTW : 7.85 %<\/td>\n<\/tr>\n<tr>\n<td>BN.PF.C<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-1.04 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-12-20<br \/>\nMaturity Price  : 18.04<br \/>\nEvaluated at bid price : 18.04<br \/>\nBid-YTW : 6.76 %<\/td>\n<\/tr>\n<tr>\n<td>GWO.PR.Y<\/td>\n<td>Insurance Straight<\/td>\n<td>-1.03 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-12-20<br \/>\nMaturity Price  : 17.28<br \/>\nEvaluated at bid price : 17.28<br \/>\nBid-YTW : 6.55 %<\/td>\n<\/tr>\n<tr>\n<td>IFC.PR.K<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-1.02 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-12-20<br \/>\nMaturity Price  : 20.45<br \/>\nEvaluated at bid price : 20.45<br \/>\nBid-YTW : 6.46 %<\/td>\n<\/tr>\n<tr>\n<td>PVS.PR.K<\/td>\n<td>SplitShare<\/td>\n<td>2.08 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Hard Maturity<br \/>\nMaturity Date\t: 2029-05-31<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 20.60<br \/>\nBid-YTW : 8.09 %<\/td>\n<\/tr>\n<tr>\n<td>PVS.PR.G<\/td>\n<td>SplitShare<\/td>\n<td>5.89 %<\/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 : 22.65<br \/>\nBid-YTW : 8.43 %<\/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.S<\/td>\n<td>Perpetual-Discount<\/td>\n<td>101,553<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-12-20<br \/>\nMaturity Price  : 17.78<br \/>\nEvaluated at bid price : 17.78<br \/>\nBid-YTW : 6.88 %<\/td>\n<\/tr>\n<tr>\n<td>TD.PF.K<\/td>\n<td>FixedReset Disc<\/td>\n<td>68,322<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-12-20<br \/>\nMaturity Price  : 19.80<br \/>\nEvaluated at bid price : 19.80<br \/>\nBid-YTW : 7.11 %<\/td>\n<\/tr>\n<tr>\n<td>MFC.PR.L<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>50,752<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-12-20<br \/>\nMaturity Price  : 16.10<br \/>\nEvaluated at bid price : 16.10<br \/>\nBid-YTW : 7.85 %<\/td>\n<\/tr>\n<tr>\n<td>TD.PF.C<\/td>\n<td>FixedReset Disc<\/td>\n<td>44,828<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-12-20<br \/>\nMaturity Price  : 16.96<br \/>\nEvaluated at bid price : 16.96<br \/>\nBid-YTW : 7.55 %<\/td>\n<\/tr>\n<tr>\n<td>NA.PR.C<\/td>\n<td>FixedReset Prem<\/td>\n<td>37,282<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-12-20<br \/>\nMaturity Price  : 23.30<br \/>\nEvaluated at bid price : 25.42<br \/>\nBid-YTW : 6.50 %<\/td>\n<\/tr>\n<tr>\n<td>PVS.PR.H<\/td>\n<td>SplitShare<\/td>\n<td>36,504<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Hard Maturity<br \/>\nMaturity Date\t: 2027-02-28<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 21.40<br \/>\nBid-YTW : 9.00 %<\/td>\n<\/tr>\n<tr>\n<td colspan=\"4\">There were 73 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>BN.PR.N<\/td>\n<td>Perpetual-Discount<\/td>\n<td>Quote: 17.76 &#8211; 19.00<br \/>\nSpot Rate  :  1.2400<br \/>\nAverage  :  0.8523<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-12-20<br \/>\nMaturity Price  : 17.76<br \/>\nEvaluated at bid price : 17.76<br \/>\nBid-YTW : 6.73 %<\/td>\n<\/tr>\n<tr>\n<td>CIU.PR.A<\/td>\n<td>Perpetual-Discount<\/td>\n<td>Quote: 17.83 &#8211; 18.83<br \/>\nSpot Rate  :  1.0000<br \/>\nAverage  :  0.6691<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-12-20<br \/>\nMaturity Price  : 17.83<br \/>\nEvaluated at bid price : 17.83<br \/>\nBid-YTW : 6.53 %<\/td>\n<\/tr>\n<tr>\n<td>NA.PR.W<\/td>\n<td>FixedReset Disc<\/td>\n<td>Quote: 16.18 &#8211; 17.30<br \/>\nSpot Rate  :  1.1200<br \/>\nAverage  :  0.8187<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-12-20<br \/>\nMaturity Price  : 16.18<br \/>\nEvaluated at bid price : 16.18<br \/>\nBid-YTW : 7.88 %<\/td>\n<\/tr>\n<tr>\n<td>BIP.PR.E<\/td>\n<td>FixedReset Disc<\/td>\n<td>Quote: 19.15 &#8211; 20.40<br \/>\nSpot Rate  :  1.2500<br \/>\nAverage  :  0.9607<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-12-20<br \/>\nMaturity Price  : 19.15<br \/>\nEvaluated at bid price : 19.15<br \/>\nBid-YTW : 7.86 %<\/td>\n<\/tr>\n<tr>\n<td>PWF.PR.T<\/td>\n<td>FixedReset Disc<\/td>\n<td>Quote: 17.41 &#8211; 18.10<br \/>\nSpot Rate  :  0.6900<br \/>\nAverage  :  0.4133<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-12-20<br \/>\nMaturity Price  : 17.41<br \/>\nEvaluated at bid price : 17.41<br \/>\nBid-YTW : 7.71 %<\/td>\n<\/tr>\n<tr>\n<td>GWO.PR.P<\/td>\n<td>Insurance Straight<\/td>\n<td>Quote: 20.51 &#8211; 21.50<br \/>\nSpot Rate  :  0.9900<br \/>\nAverage  :  0.7229<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-12-20<br \/>\nMaturity Price  : 20.51<br \/>\nEvaluated at bid price : 20.51<br \/>\nBid-YTW : 6.62 %<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>TXPR closed at 536.60, down 0.78% on the day and setting a new 52-week low of 536.33. Volume today was 2.70-million, fifth-highest of the past 21 trading days. CPD closed at 10.73, down 0.46% on &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-44559","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/44559","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=44559"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/44559\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=44559"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=44559"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=44559"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}