{"id":44632,"date":"2023-01-09T21:34:24","date_gmt":"2023-01-10T02:34:24","guid":{"rendered":"https:\/\/prefblog.com\/?p=44632"},"modified":"2023-01-09T21:34:24","modified_gmt":"2023-01-10T02:34:24","slug":"january-9-2023","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=44632","title":{"rendered":"January 9, 2023"},"content":{"rendered":"<p><a href=\"https:\/\/prefblog.com\/wp-content\/uploads\/2023\/01\/rainbow_230109-scaled.jpg\"><img decoding=\"async\" src=\"https:\/\/prefblog.com\/wp-content\/uploads\/2023\/01\/rainbow_230109-scaled.jpg\" alt=\"\" width=\"400\"><\/a><\/p>\n<p>TXPR <a href=\"https:\/\/money.tmx.https:\/\/prefblog.com\/wp-content\/uploads\/2023\/01\/rainbow_230103.jpg\/en\/quote\/%5ETXPR\">closed at 571.70<\/a>, up 0.94% on the day. Volume today was 924,710, well below the median of the past 21 trading days. The TXPR Price Index is now above its September 30, 2023, close of 571.13.<\/p>\n<p>CPD <a href=\"https:\/\/web.tmxmoney.com\/quote.php?qm_symbol=cpd\">closed at 11.34<\/a>, up 0.44% on the day. Volume was 217,780, 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 9.49<\/a>, up 0.64% on the day. Volume was 351,230, well above 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\">down a bit to 3.24%<\/a> today.<\/p>\n<p>The pundits <a href=\"https:\/\/www.theglobeandmail.com\/investing\/markets\/inside-the-market\/market-news\/article-premarket-european-stocks-rise-on-soft-landing-hopes-china-reopening\/\">don&#8217;t have much to say<\/a>:<\/p>\n<blockquote><p>Investors are awaiting comments Tuesday from Fed Chair Jerome Powell, who some strategists expect could say more time is needed to show inflation is under control.<br \/>\nCanada\u2019s main stock index rose on Monday to its highest closing level in nearly four weeks as investors snapped up stocks in some of the most depressed sectors of the market amid hopes that central banks would ease the pace of interest rate hikes.<br \/>\n<b>&#8230;<\/b><br \/>\nMoney market bets were showing 77% odds of a 25-basis point hike in the Fed\u2019s February policy meeting.<\/p>\n<p>A U.S. consumer prices report due Thursday could be key for rate expectations, said Quincy Krosby, chief global strategist, LPL Financial in Charlotte, North Carolina. \u201cThe CPI report this week is going to be essential for fine-tuning the Fed funds futures market.\u201d<\/p><\/blockquote>\n<p>The New York Fed <a href=\"https:\/\/www.newyorkfed.org\/newsevents\/news\/research\/2023\/20230109\">released the December 2022 Survey of Consumer Expectations<\/a>:<\/p>\n<blockquote><p>which shows that inflation expectations continued to decline in the short term and were unchanged over the medium term. Longer-term inflation expectations edged up slightly. Household spending expectations fell sharply in December, while income growth expectations rose to a new series high. Home price expectations rose slightly, but remain below their pre-pandemic levels. Households&#8217; perceptions about their current financial situation and their expectations about their future financial situation one year from now improved in December.<\/p>\n<p>The main findings from the December 2022 Survey are:<\/p>\n<p>Inflation<\/p>\n<ul>\n<li>Median one-year-ahead inflation expectations continued to decline in December, falling by 0.2 percentage point to 5.0%, its lowest reading since July 2021. In contrast, three-year-ahead inflation expectations were unchanged in December at 3.0%. The survey&#8217;s measure of disagreement across respondents (the difference between the 75th and 25th percentile of inflation expectations) decreased at the one-year horizon and was unchanged at the three-year horizon.<\/li>\n<li>Median five-year-ahead inflation expectations increased by 0.1 percentage point to 2.4%. Disagreement across respondents in their five-year-ahead inflation expectations was unchanged in December.<\/li>\n<li>Median inflation uncertainty\u2014or the uncertainty expressed regarding future inflation outcomes\u2014was unchanged at the short-term horizon and decreased at the medium-term horizon.<\/li>\n<li>Median home price growth expectations increased by 0.3 percentage point to 1. 3%. The increase was driven by those in the South census region. Despite this increase, home price growth expectations remain subdued relative to their pre-pandemic levels.<\/li>\n<li>Expectations about year-ahead price changes declined by 0.7 percentage point for both gas (to 4.1%) and food (to 7.6%) , and 0.2 percentage point for both college education (to 9.2%) and rent (to 9.6%). The median expected change in the cost of medical care, on the other hand, rose by 0.1 percentage point (to 9.7%) .<\/li>\n<\/ul>\n<\/blockquote>\n<p>And a <a href=\"https:\/\/www.theglobeandmail.com\/business\/article-canaccord-genuity-management-takeover-bid\/#comments\">management buy-out of Canaccord Genuity Inc.<\/a> has been proposed:<\/p>\n<blockquote><p>Senior leaders of Canaccord Genuity Inc. are seeking to take the independent Canadian investment bank private, though a special committee of the company\u2019s own board of directors thinks the price is too low<\/p>\n<p>The management team of Canaccord Genuity Inc. Inc. announced an all-cash takeover bid of $11.25 per share early Monday, valuing the financial services company at roughly $1.13-billion. New York-based HPS Investment Partners LLC, Canaccord\u2019s largest individual shareholder, has agreed to provide up to $825-million in financing to support the deal.<\/p>\n<p>In response, Canaccord\u2019s board of directors has formed a special committee to consider the proposal from the management group that includes board chair David Kassie. The committee, which is composed of three board members who are not part of the offeror group, has not agreed to support the offer, it said in a statement, as it is awaiting the results of a formal valuation being prepared by Royal Bank of Canada.<\/p><\/blockquote>\n<p>Nothing is yet known about how the preferred will be treated if the buy-out goes through, but it&#8217;s my bet that:<\/p>\n<ul>\n<li>The preferred would remain outstanding<\/li>\n<li>They will continue to trade on the Toronto Exchange<\/li>\n<li>This will be credit negative for CF<\/li>\n<\/ul>\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>0.9747 %<\/td>\n<td>2,489.1<\/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>0.9747 %<\/td>\n<td>4,774.1<\/td>\n<\/tr>\n<tr>\n<td>Floater<\/td>\n<td>8.72 %<\/td>\n<td>8.83 %<\/td>\n<td>42,829<\/td>\n<td>10.56<\/td>\n<td>2<\/td>\n<td>0.9747 %<\/td>\n<td>2,751.3<\/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>0.2788 %<\/td>\n<td>3,318.5<\/td>\n<\/tr>\n<tr>\n<td>SplitShare<\/td>\n<td>5.07 %<\/td>\n<td>7.45 %<\/td>\n<td>70,863<\/td>\n<td>2.85<\/td>\n<td>7<\/td>\n<td>0.2788 %<\/td>\n<td>3,963.0<\/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>0.2788 %<\/td>\n<td>3,092.1<\/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>0.3527 %<\/td>\n<td>2,737.3<\/td>\n<\/tr>\n<tr>\n<td>Perpetual-Discount<\/td>\n<td>6.22 %<\/td>\n<td>6.27 %<\/td>\n<td>98,621<\/td>\n<td>13.53<\/td>\n<td>35<\/td>\n<td>0.3527 %<\/td>\n<td>2,984.9<\/td>\n<\/tr>\n<tr>\n<td>FixedReset Disc<\/td>\n<td>5.36 %<\/td>\n<td>7.27 %<\/td>\n<td>93,192<\/td>\n<td>12.42<\/td>\n<td>62<\/td>\n<td>0.9030 %<\/td>\n<td>2,259.4<\/td>\n<\/tr>\n<tr>\n<td>Insurance Straight<\/td>\n<td>6.05 %<\/td>\n<td>6.19 %<\/td>\n<td>110,119<\/td>\n<td>13.65<\/td>\n<td>20<\/td>\n<td>1.4374 %<\/td>\n<td>2,968.0<\/td>\n<\/tr>\n<tr>\n<td>FloatingReset<\/td>\n<td>9.95 %<\/td>\n<td>10.52 %<\/td>\n<td>41,617<\/td>\n<td>9.16<\/td>\n<td>2<\/td>\n<td>0.1310 %<\/td>\n<td>2,481.2<\/td>\n<\/tr>\n<tr>\n<td>FixedReset Prem<\/td>\n<td>6.63 %<\/td>\n<td>6.18 %<\/td>\n<td>185,567<\/td>\n<td>4.13<\/td>\n<td>2<\/td>\n<td>0.2592 %<\/td>\n<td>2,371.5<\/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>0.9030 %<\/td>\n<td>2,309.6<\/td>\n<\/tr>\n<tr>\n<td>FixedReset Ins Non<\/td>\n<td>5.47 %<\/td>\n<td>7.25 %<\/td>\n<td>61,511<\/td>\n<td>12.48<\/td>\n<td>14<\/td>\n<td>0.6179 %<\/td>\n<td>2,359.3<\/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>BN.PR.M<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-3.58 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2053-01-09<br \/>\nMaturity Price  : 17.80<br \/>\nEvaluated at bid price : 17.80<br \/>\nBid-YTW : 6.74 %<\/td>\n<\/tr>\n<tr>\n<td>IFC.PR.F<\/td>\n<td>Insurance Straight<\/td>\n<td>-2.76 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2053-01-09<br \/>\nMaturity Price  : 21.10<br \/>\nEvaluated at bid price : 21.10<br \/>\nBid-YTW : 6.34 %<\/td>\n<\/tr>\n<tr>\n<td>MFC.PR.M<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>-2.30 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2053-01-09<br \/>\nMaturity Price  : 17.00<br \/>\nEvaluated at bid price : 17.00<br \/>\nBid-YTW : 7.97 %<\/td>\n<\/tr>\n<tr>\n<td>IFC.PR.I<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-1.94 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2053-01-09<br \/>\nMaturity Price  : 21.44<br \/>\nEvaluated at bid price : 21.77<br \/>\nBid-YTW : 6.24 %<\/td>\n<\/tr>\n<tr>\n<td>TD.PF.E<\/td>\n<td>FixedReset Disc<\/td>\n<td>-1.53 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2053-01-09<br \/>\nMaturity Price  : 19.35<br \/>\nEvaluated at bid price : 19.35<br \/>\nBid-YTW : 7.22 %<\/td>\n<\/tr>\n<tr>\n<td>CU.PR.D<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-1.17 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2053-01-09<br \/>\nMaturity Price  : 20.21<br \/>\nEvaluated at bid price : 20.21<br \/>\nBid-YTW : 6.16 %<\/td>\n<\/tr>\n<tr>\n<td>BN.PR.X<\/td>\n<td>FixedReset Disc<\/td>\n<td>-1.13 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2053-01-09<br \/>\nMaturity Price  : 15.75<br \/>\nEvaluated at bid price : 15.75<br \/>\nBid-YTW : 7.87 %<\/td>\n<\/tr>\n<tr>\n<td>BIP.PR.A<\/td>\n<td>FixedReset Disc<\/td>\n<td>-1.13 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2053-01-09<br \/>\nMaturity Price  : 17.50<br \/>\nEvaluated at bid price : 17.50<br \/>\nBid-YTW : 9.04 %<\/td>\n<\/tr>\n<tr>\n<td>GWO.PR.G<\/td>\n<td>Insurance Straight<\/td>\n<td>1.02 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2053-01-09<br \/>\nMaturity Price  : 20.86<br \/>\nEvaluated at bid price : 20.86<br \/>\nBid-YTW : 6.29 %<\/td>\n<\/tr>\n<tr>\n<td>POW.PR.C<\/td>\n<td>Perpetual-Discount<\/td>\n<td>1.03 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2053-01-09<br \/>\nMaturity Price  : 23.22<br \/>\nEvaluated at bid price : 23.52<br \/>\nBid-YTW : 6.19 %<\/td>\n<\/tr>\n<tr>\n<td>PWF.PR.F<\/td>\n<td>Perpetual-Discount<\/td>\n<td>1.03 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2053-01-09<br \/>\nMaturity Price  : 20.97<br \/>\nEvaluated at bid price : 20.97<br \/>\nBid-YTW : 6.28 %<\/td>\n<\/tr>\n<tr>\n<td>MFC.PR.I<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>1.05 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2053-01-09<br \/>\nMaturity Price  : 22.34<br \/>\nEvaluated at bid price : 23.08<br \/>\nBid-YTW : 6.61 %<\/td>\n<\/tr>\n<tr>\n<td>MFC.PR.B<\/td>\n<td>Insurance Straight<\/td>\n<td>1.15 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2053-01-09<br \/>\nMaturity Price  : 20.30<br \/>\nEvaluated at bid price : 20.30<br \/>\nBid-YTW : 5.79 %<\/td>\n<\/tr>\n<tr>\n<td>BN.PF.G<\/td>\n<td>FixedReset Disc<\/td>\n<td>1.19 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2053-01-09<br \/>\nMaturity Price  : 16.15<br \/>\nEvaluated at bid price : 16.15<br \/>\nBid-YTW : 8.69 %<\/td>\n<\/tr>\n<tr>\n<td>MFC.PR.Q<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>1.21 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2053-01-09<br \/>\nMaturity Price  : 20.14<br \/>\nEvaluated at bid price : 20.14<br \/>\nBid-YTW : 7.25 %<\/td>\n<\/tr>\n<tr>\n<td>TRP.PR.E<\/td>\n<td>FixedReset Disc<\/td>\n<td>1.22 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2053-01-09<br \/>\nMaturity Price  : 15.75<br \/>\nEvaluated at bid price : 15.75<br \/>\nBid-YTW : 8.53 %<\/td>\n<\/tr>\n<tr>\n<td>TD.PF.L<\/td>\n<td>FixedReset Disc<\/td>\n<td>1.25 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2053-01-09<br \/>\nMaturity Price  : 23.88<br \/>\nEvaluated at bid price : 24.30<br \/>\nBid-YTW : 6.59 %<\/td>\n<\/tr>\n<tr>\n<td>POW.PR.D<\/td>\n<td>Perpetual-Discount<\/td>\n<td>1.25 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2053-01-09<br \/>\nMaturity Price  : 20.25<br \/>\nEvaluated at bid price : 20.25<br \/>\nBid-YTW : 6.21 %<\/td>\n<\/tr>\n<tr>\n<td>BMO.PR.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: 2053-01-09<br \/>\nMaturity Price  : 21.47<br \/>\nEvaluated at bid price : 21.80<br \/>\nBid-YTW : 6.81 %<\/td>\n<\/tr>\n<tr>\n<td>RY.PR.Z<\/td>\n<td>FixedReset Disc<\/td>\n<td>1.26 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2053-01-09<br \/>\nMaturity Price  : 18.48<br \/>\nEvaluated at bid price : 18.48<br \/>\nBid-YTW : 7.27 %<\/td>\n<\/tr>\n<tr>\n<td>FTS.PR.F<\/td>\n<td>Perpetual-Discount<\/td>\n<td>1.29 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2053-01-09<br \/>\nMaturity Price  : 20.42<br \/>\nEvaluated at bid price : 20.42<br \/>\nBid-YTW : 6.09 %<\/td>\n<\/tr>\n<tr>\n<td>BIP.PR.F<\/td>\n<td>FixedReset Disc<\/td>\n<td>1.30 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2053-01-09<br \/>\nMaturity Price  : 20.26<br \/>\nEvaluated at bid price : 20.26<br \/>\nBid-YTW : 7.60 %<\/td>\n<\/tr>\n<tr>\n<td>CU.PR.J<\/td>\n<td>Perpetual-Discount<\/td>\n<td>1.32 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2053-01-09<br \/>\nMaturity Price  : 19.25<br \/>\nEvaluated at bid price : 19.25<br \/>\nBid-YTW : 6.27 %<\/td>\n<\/tr>\n<tr>\n<td>GWO.PR.M<\/td>\n<td>Insurance Straight<\/td>\n<td>1.34 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2053-01-09<br \/>\nMaturity Price  : 23.14<br \/>\nEvaluated at bid price : 23.40<br \/>\nBid-YTW : 6.24 %<\/td>\n<\/tr>\n<tr>\n<td>PVS.PR.J<\/td>\n<td>SplitShare<\/td>\n<td>1.40 %<\/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 : 21.70<br \/>\nBid-YTW : 7.70 %<\/td>\n<\/tr>\n<tr>\n<td>IFC.PR.E<\/td>\n<td>Insurance Straight<\/td>\n<td>1.41 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2053-01-09<br \/>\nMaturity Price  : 21.55<br \/>\nEvaluated at bid price : 21.55<br \/>\nBid-YTW : 6.09 %<\/td>\n<\/tr>\n<tr>\n<td>FTS.PR.M<\/td>\n<td>FixedReset Disc<\/td>\n<td>1.45 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2053-01-09<br \/>\nMaturity Price  : 17.55<br \/>\nEvaluated at bid price : 17.55<br \/>\nBid-YTW : 7.92 %<\/td>\n<\/tr>\n<tr>\n<td>BNS.PR.I<\/td>\n<td>FixedReset Disc<\/td>\n<td>1.45 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2053-01-09<br \/>\nMaturity Price  : 21.00<br \/>\nEvaluated at bid price : 21.00<br \/>\nBid-YTW : 6.71 %<\/td>\n<\/tr>\n<tr>\n<td>NA.PR.E<\/td>\n<td>FixedReset Disc<\/td>\n<td>1.45 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2053-01-09<br \/>\nMaturity Price  : 20.95<br \/>\nEvaluated at bid price : 20.95<br \/>\nBid-YTW : 6.94 %<\/td>\n<\/tr>\n<tr>\n<td>RY.PR.J<\/td>\n<td>FixedReset Disc<\/td>\n<td>1.45 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2053-01-09<br \/>\nMaturity Price  : 19.55<br \/>\nEvaluated at bid price : 19.55<br \/>\nBid-YTW : 7.17 %<\/td>\n<\/tr>\n<tr>\n<td>PWF.PR.O<\/td>\n<td>Perpetual-Discount<\/td>\n<td>1.46 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2053-01-09<br \/>\nMaturity Price  : 22.55<br \/>\nEvaluated at bid price : 22.80<br \/>\nBid-YTW : 6.37 %<\/td>\n<\/tr>\n<tr>\n<td>POW.PR.G<\/td>\n<td>Perpetual-Discount<\/td>\n<td>1.54 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2053-01-09<br \/>\nMaturity Price  : 22.18<br \/>\nEvaluated at bid price : 22.46<br \/>\nBid-YTW : 6.26 %<\/td>\n<\/tr>\n<tr>\n<td>GWO.PR.H<\/td>\n<td>Insurance Straight<\/td>\n<td>1.55 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2053-01-09<br \/>\nMaturity Price  : 19.70<br \/>\nEvaluated at bid price : 19.70<br \/>\nBid-YTW : 6.21 %<\/td>\n<\/tr>\n<tr>\n<td>PWF.PR.S<\/td>\n<td>Perpetual-Discount<\/td>\n<td>1.56 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2053-01-09<br \/>\nMaturity Price  : 19.26<br \/>\nEvaluated at bid price : 19.26<br \/>\nBid-YTW : 6.25 %<\/td>\n<\/tr>\n<tr>\n<td>BN.PR.B<\/td>\n<td>Floater<\/td>\n<td>1.57 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2053-01-09<br \/>\nMaturity Price  : 12.95<br \/>\nEvaluated at bid price : 12.95<br \/>\nBid-YTW : 8.83 %<\/td>\n<\/tr>\n<tr>\n<td>BMO.PR.T<\/td>\n<td>FixedReset Disc<\/td>\n<td>1.61 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2053-01-09<br \/>\nMaturity Price  : 18.30<br \/>\nEvaluated at bid price : 18.30<br \/>\nBid-YTW : 7.32 %<\/td>\n<\/tr>\n<tr>\n<td>POW.PR.B<\/td>\n<td>Perpetual-Discount<\/td>\n<td>1.65 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2053-01-09<br \/>\nMaturity Price  : 21.28<br \/>\nEvaluated at bid price : 21.55<br \/>\nBid-YTW : 6.23 %<\/td>\n<\/tr>\n<tr>\n<td>TD.PF.B<\/td>\n<td>FixedReset Disc<\/td>\n<td>1.67 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2053-01-09<br \/>\nMaturity Price  : 18.30<br \/>\nEvaluated at bid price : 18.30<br \/>\nBid-YTW : 7.30 %<\/td>\n<\/tr>\n<tr>\n<td>IFC.PR.C<\/td>\n<td>FixedReset Disc<\/td>\n<td>1.69 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2053-01-09<br \/>\nMaturity Price  : 18.10<br \/>\nEvaluated at bid price : 18.10<br \/>\nBid-YTW : 7.37 %<\/td>\n<\/tr>\n<tr>\n<td>BN.PF.F<\/td>\n<td>FixedReset Disc<\/td>\n<td>1.69 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2053-01-09<br \/>\nMaturity Price  : 17.49<br \/>\nEvaluated at bid price : 17.49<br \/>\nBid-YTW : 8.44 %<\/td>\n<\/tr>\n<tr>\n<td>PWF.PR.T<\/td>\n<td>FixedReset Disc<\/td>\n<td>1.70 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2053-01-09<br \/>\nMaturity Price  : 18.50<br \/>\nEvaluated at bid price : 18.50<br \/>\nBid-YTW : 7.49 %<\/td>\n<\/tr>\n<tr>\n<td>RY.PR.S<\/td>\n<td>FixedReset Disc<\/td>\n<td>1.73 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2053-01-09<br \/>\nMaturity Price  : 21.16<br \/>\nEvaluated at bid price : 21.16<br \/>\nBid-YTW : 6.67 %<\/td>\n<\/tr>\n<tr>\n<td>RY.PR.H<\/td>\n<td>FixedReset Disc<\/td>\n<td>1.75 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2053-01-09<br \/>\nMaturity Price  : 18.57<br \/>\nEvaluated at bid price : 18.57<br \/>\nBid-YTW : 7.24 %<\/td>\n<\/tr>\n<tr>\n<td>TRP.PR.G<\/td>\n<td>FixedReset Disc<\/td>\n<td>1.76 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2053-01-09<br \/>\nMaturity Price  : 17.35<br \/>\nEvaluated at bid price : 17.35<br \/>\nBid-YTW : 8.12 %<\/td>\n<\/tr>\n<tr>\n<td>TRP.PR.C<\/td>\n<td>FixedReset Disc<\/td>\n<td>1.77 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2053-01-09<br \/>\nMaturity Price  : 12.10<br \/>\nEvaluated at bid price : 12.10<br \/>\nBid-YTW : 8.58 %<\/td>\n<\/tr>\n<tr>\n<td>CM.PR.S<\/td>\n<td>FixedReset Disc<\/td>\n<td>1.80 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2053-01-09<br \/>\nMaturity Price  : 21.67<br \/>\nEvaluated at bid price : 22.05<br \/>\nBid-YTW : 6.45 %<\/td>\n<\/tr>\n<tr>\n<td>BN.PF.A<\/td>\n<td>FixedReset Disc<\/td>\n<td>1.82 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2053-01-09<br \/>\nMaturity Price  : 19.58<br \/>\nEvaluated at bid price : 19.58<br \/>\nBid-YTW : 7.86 %<\/td>\n<\/tr>\n<tr>\n<td>BN.PF.I<\/td>\n<td>FixedReset Disc<\/td>\n<td>1.95 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2053-01-09<br \/>\nMaturity Price  : 22.32<br \/>\nEvaluated at bid price : 23.00<br \/>\nBid-YTW : 7.23 %<\/td>\n<\/tr>\n<tr>\n<td>TRP.PR.D<\/td>\n<td>FixedReset Disc<\/td>\n<td>2.01 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2053-01-09<br \/>\nMaturity Price  : 16.28<br \/>\nEvaluated at bid price : 16.28<br \/>\nBid-YTW : 8.43 %<\/td>\n<\/tr>\n<tr>\n<td>TRP.PR.A<\/td>\n<td>FixedReset Disc<\/td>\n<td>2.04 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2053-01-09<br \/>\nMaturity Price  : 14.50<br \/>\nEvaluated at bid price : 14.50<br \/>\nBid-YTW : 8.56 %<\/td>\n<\/tr>\n<tr>\n<td>PWF.PR.Z<\/td>\n<td>Perpetual-Discount<\/td>\n<td>2.06 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2053-01-09<br \/>\nMaturity Price  : 20.55<br \/>\nEvaluated at bid price : 20.55<br \/>\nBid-YTW : 6.29 %<\/td>\n<\/tr>\n<tr>\n<td>MFC.PR.C<\/td>\n<td>Insurance Straight<\/td>\n<td>2.07 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2053-01-09<br \/>\nMaturity Price  : 19.68<br \/>\nEvaluated at bid price : 19.68<br \/>\nBid-YTW : 5.78 %<\/td>\n<\/tr>\n<tr>\n<td>GWO.PR.R<\/td>\n<td>Insurance Straight<\/td>\n<td>2.09 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2053-01-09<br \/>\nMaturity Price  : 19.58<br \/>\nEvaluated at bid price : 19.58<br \/>\nBid-YTW : 6.19 %<\/td>\n<\/tr>\n<tr>\n<td>PWF.PR.L<\/td>\n<td>Perpetual-Discount<\/td>\n<td>2.10 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2053-01-09<br \/>\nMaturity Price  : 20.50<br \/>\nEvaluated at bid price : 20.50<br \/>\nBid-YTW : 6.24 %<\/td>\n<\/tr>\n<tr>\n<td>PWF.PF.A<\/td>\n<td>Perpetual-Discount<\/td>\n<td>2.16 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2053-01-09<br \/>\nMaturity Price  : 18.20<br \/>\nEvaluated at bid price : 18.20<br \/>\nBid-YTW : 6.20 %<\/td>\n<\/tr>\n<tr>\n<td>SLF.PR.D<\/td>\n<td>Insurance Straight<\/td>\n<td>2.21 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2053-01-09<br \/>\nMaturity Price  : 19.43<br \/>\nEvaluated at bid price : 19.43<br \/>\nBid-YTW : 5.78 %<\/td>\n<\/tr>\n<tr>\n<td>PWF.PR.E<\/td>\n<td>Perpetual-Discount<\/td>\n<td>2.27 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2053-01-09<br \/>\nMaturity Price  : 21.65<br \/>\nEvaluated at bid price : 21.90<br \/>\nBid-YTW : 6.29 %<\/td>\n<\/tr>\n<tr>\n<td>GWO.PR.N<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>2.29 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2053-01-09<br \/>\nMaturity Price  : 12.50<br \/>\nEvaluated at bid price : 12.50<br \/>\nBid-YTW : 7.97 %<\/td>\n<\/tr>\n<tr>\n<td>BN.PR.Z<\/td>\n<td>FixedReset Disc<\/td>\n<td>2.31 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2053-01-09<br \/>\nMaturity Price  : 21.71<br \/>\nEvaluated at bid price : 22.10<br \/>\nBid-YTW : 7.02 %<\/td>\n<\/tr>\n<tr>\n<td>SLF.PR.C<\/td>\n<td>Insurance Straight<\/td>\n<td>2.34 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2053-01-09<br \/>\nMaturity Price  : 19.65<br \/>\nEvaluated at bid price : 19.65<br \/>\nBid-YTW : 5.71 %<\/td>\n<\/tr>\n<tr>\n<td>GWO.PR.S<\/td>\n<td>Insurance Straight<\/td>\n<td>2.38 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2053-01-09<br \/>\nMaturity Price  : 21.10<br \/>\nEvaluated at bid price : 21.10<br \/>\nBid-YTW : 6.28 %<\/td>\n<\/tr>\n<tr>\n<td>BMO.PR.F<\/td>\n<td>FixedReset Disc<\/td>\n<td>2.46 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2053-01-09<br \/>\nMaturity Price  : 24.25<br \/>\nEvaluated at bid price : 24.60<br \/>\nBid-YTW : 6.80 %<\/td>\n<\/tr>\n<tr>\n<td>PWF.PR.G<\/td>\n<td>Perpetual-Discount<\/td>\n<td>2.47 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2053-01-09<br \/>\nMaturity Price  : 23.33<br \/>\nEvaluated at bid price : 23.62<br \/>\nBid-YTW : 6.25 %<\/td>\n<\/tr>\n<tr>\n<td>RY.PR.N<\/td>\n<td>Perpetual-Discount<\/td>\n<td>2.53 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2053-01-09<br \/>\nMaturity Price  : 21.76<br \/>\nEvaluated at bid price : 22.25<br \/>\nBid-YTW : 5.56 %<\/td>\n<\/tr>\n<tr>\n<td>BIP.PR.E<\/td>\n<td>FixedReset Disc<\/td>\n<td>2.61 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2053-01-09<br \/>\nMaturity Price  : 21.20<br \/>\nEvaluated at bid price : 21.20<br \/>\nBid-YTW : 7.43 %<\/td>\n<\/tr>\n<tr>\n<td>TRP.PR.B<\/td>\n<td>FixedReset Disc<\/td>\n<td>2.76 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2053-01-09<br \/>\nMaturity Price  : 11.55<br \/>\nEvaluated at bid price : 11.55<br \/>\nBid-YTW : 8.72 %<\/td>\n<\/tr>\n<tr>\n<td>GWO.PR.I<\/td>\n<td>Insurance Straight<\/td>\n<td>2.96 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2053-01-09<br \/>\nMaturity Price  : 18.79<br \/>\nEvaluated at bid price : 18.79<br \/>\nBid-YTW : 6.04 %<\/td>\n<\/tr>\n<tr>\n<td>CU.PR.E<\/td>\n<td>Perpetual-Discount<\/td>\n<td>2.97 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2053-01-09<br \/>\nMaturity Price  : 20.10<br \/>\nEvaluated at bid price : 20.10<br \/>\nBid-YTW : 6.19 %<\/td>\n<\/tr>\n<tr>\n<td>MFC.PR.J<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>3.16 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2053-01-09<br \/>\nMaturity Price  : 21.25<br \/>\nEvaluated at bid price : 21.25<br \/>\nBid-YTW : 6.96 %<\/td>\n<\/tr>\n<tr>\n<td>FTS.PR.H<\/td>\n<td>FixedReset Disc<\/td>\n<td>3.31 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2053-01-09<br \/>\nMaturity Price  : 13.12<br \/>\nEvaluated at bid price : 13.12<br \/>\nBid-YTW : 8.09 %<\/td>\n<\/tr>\n<tr>\n<td>GWO.PR.L<\/td>\n<td>Insurance Straight<\/td>\n<td>3.32 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2053-01-09<br \/>\nMaturity Price  : 22.49<br \/>\nEvaluated at bid price : 22.75<br \/>\nBid-YTW : 6.26 %<\/td>\n<\/tr>\n<tr>\n<td>CCS.PR.C<\/td>\n<td>Insurance Straight<\/td>\n<td>3.40 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2053-01-09<br \/>\nMaturity Price  : 20.68<br \/>\nEvaluated at bid price : 20.68<br \/>\nBid-YTW : 6.10 %<\/td>\n<\/tr>\n<tr>\n<td>SLF.PR.E<\/td>\n<td>Insurance Straight<\/td>\n<td>3.45 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2053-01-09<br \/>\nMaturity Price  : 19.51<br \/>\nEvaluated at bid price : 19.51<br \/>\nBid-YTW : 5.82 %<\/td>\n<\/tr>\n<tr>\n<td>CU.PR.F<\/td>\n<td>Perpetual-Discount<\/td>\n<td>5.31 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2053-01-09<br \/>\nMaturity Price  : 18.85<br \/>\nEvaluated at bid price : 18.85<br \/>\nBid-YTW : 6.06 %<\/td>\n<\/tr>\n<tr>\n<td>BMO.PR.W<\/td>\n<td>FixedReset Disc<\/td>\n<td>6.24 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2053-01-09<br \/>\nMaturity Price  : 18.40<br \/>\nEvaluated at bid price : 18.40<br \/>\nBid-YTW : 7.25 %<\/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>TD.PF.I<\/td>\n<td>FixedReset Prem<\/td>\n<td>66,124<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2053-01-09<br \/>\nMaturity Price  : 23.01<br \/>\nEvaluated at bid price : 24.53<br \/>\nBid-YTW : 6.33 %<\/td>\n<\/tr>\n<tr>\n<td>BN.PR.X<\/td>\n<td>FixedReset Disc<\/td>\n<td>56,500<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2053-01-09<br \/>\nMaturity Price  : 15.75<br \/>\nEvaluated at bid price : 15.75<br \/>\nBid-YTW : 7.87 %<\/td>\n<\/tr>\n<tr>\n<td>CM.PR.S<\/td>\n<td>FixedReset Disc<\/td>\n<td>52,219<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2053-01-09<br \/>\nMaturity Price  : 21.67<br \/>\nEvaluated at bid price : 22.05<br \/>\nBid-YTW : 6.45 %<\/td>\n<\/tr>\n<tr>\n<td>BN.PF.D<\/td>\n<td>Perpetual-Discount<\/td>\n<td>41,314<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2053-01-09<br \/>\nMaturity Price  : 19.25<br \/>\nEvaluated at bid price : 19.25<br \/>\nBid-YTW : 6.43 %<\/td>\n<\/tr>\n<tr>\n<td>NA.PR.C<\/td>\n<td>FixedReset Prem<\/td>\n<td>24,113<\/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 : 25.76<br \/>\nBid-YTW : 6.18 %<\/td>\n<\/tr>\n<tr>\n<td>GWO.PR.H<\/td>\n<td>Insurance Straight<\/td>\n<td>22,388<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2053-01-09<br \/>\nMaturity Price  : 19.70<br \/>\nEvaluated at bid price : 19.70<br \/>\nBid-YTW : 6.21 %<\/td>\n<\/tr>\n<tr>\n<td colspan=\"4\">There were 7 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>MFC.PR.F<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>Quote: 13.06 &#8211; 17.00<br \/>\nSpot Rate  :  3.9400<br \/>\nAverage  :  2.2082<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2053-01-09<br \/>\nMaturity Price  : 13.06<br \/>\nEvaluated at bid price : 13.06<br \/>\nBid-YTW : 7.91 %<\/td>\n<\/tr>\n<tr>\n<td>BNS.PR.I<\/td>\n<td>FixedReset Disc<\/td>\n<td>Quote: 21.00 &#8211; 24.00<br \/>\nSpot Rate  :  3.0000<br \/>\nAverage  :  1.7471<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2053-01-09<br \/>\nMaturity Price  : 21.00<br \/>\nEvaluated at bid price : 21.00<br \/>\nBid-YTW : 6.71 %<\/td>\n<\/tr>\n<tr>\n<td>RY.PR.O<\/td>\n<td>Perpetual-Discount<\/td>\n<td>Quote: 21.71 &#8211; 24.50<br \/>\nSpot Rate  :  2.7900<br \/>\nAverage  :  1.5863<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2053-01-09<br \/>\nMaturity Price  : 21.71<br \/>\nEvaluated at bid price : 21.71<br \/>\nBid-YTW : 5.73 %<\/td>\n<\/tr>\n<tr>\n<td>IFC.PR.K<\/td>\n<td>Perpetual-Discount<\/td>\n<td>Quote: 21.00 &#8211; 24.00<br \/>\nSpot Rate  :  3.0000<br \/>\nAverage  :  1.9949<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2053-01-09<br \/>\nMaturity Price  : 21.00<br \/>\nEvaluated at bid price : 21.00<br \/>\nBid-YTW : 6.31 %<\/td>\n<\/tr>\n<tr>\n<td>BN.PR.M<\/td>\n<td>Perpetual-Discount<\/td>\n<td>Quote: 17.80 &#8211; 20.00<br \/>\nSpot Rate  :  2.2000<br \/>\nAverage  :  1.2890<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2053-01-09<br \/>\nMaturity Price  : 17.80<br \/>\nEvaluated at bid price : 17.80<br \/>\nBid-YTW : 6.74 %<\/td>\n<\/tr>\n<tr>\n<td>PWF.PR.F<\/td>\n<td>Perpetual-Discount<\/td>\n<td>Quote: 20.97 &#8211; 22.50<br \/>\nSpot Rate  :  1.5300<br \/>\nAverage  :  0.8906<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2053-01-09<br \/>\nMaturity Price  : 20.97<br \/>\nEvaluated at bid price : 20.97<br \/>\nBid-YTW : 6.28 %<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>TXPR closed at 571.70, up 0.94% on the day. Volume today was 924,710, well below the median of the past 21 trading days. The TXPR Price Index is now above its September 30, 2023, close &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-44632","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/44632","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=44632"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/44632\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=44632"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=44632"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=44632"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}