{"id":44975,"date":"2023-03-14T19:13:53","date_gmt":"2023-03-15T00:13:53","guid":{"rendered":"https:\/\/prefblog.com\/?p=44975"},"modified":"2023-03-14T19:13:53","modified_gmt":"2023-03-15T00:13:53","slug":"march-14-2023","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=44975","title":{"rendered":"March 14, 2023"},"content":{"rendered":"<p>The <a href=\"https:\/\/www.nytimes.com\/live\/2023\/03\/14\/business\/svb-banks-inflation-economy-news#cpi-inflation-federal-reserve\">US Inflation report<\/a> came out today:<\/p>\n<blockquote><p>Price increases did cool slightly on an annual basis, with the Consumer Price Index climbing 6 percent over the year through February, the Labor Department said Tuesday. That was down from 6.4 percent in January, and matched the slowdown that economists expected. That seemed like an encouraging sign, but the underlying details of the report made the data more worrying.<\/p>\n<p>Inflation looked far firmer beneath the surface. The price index climbed 0.5 percent from the previous month after it was stripped of food and fuel prices \u2014 both of which bounce around a lot \u2014 offering a sense of underlying price pressures. That was up from 0.4 percent in January and more than economists had forecast.<\/p>\n<p>In fact, the increase was the fastest monthly pickup in the so-called core index since September, which is not the kind of progress central bankers are hoping for a year into their fight against inflation.<br \/>\n<b>&#8230;<\/b><br \/>\nBut policymakers have watched with concern as price increases have spread into services categories, which include purchases like manicures, travel and restaurant meals. Those areas more closely reflect underlying economic momentum, and price pressures in them can be harder to stamp out.<\/p>\n<p>In February, a measure of services inflation that excludes housing \u2014 a metric the Fed watches very closely \u2014 picked up notably on a monthly basis. Bloomberg\u2019s version of the gauge climbed 0.43 percent last month, up from 0.27 percent in January.<\/p><\/blockquote>\n<p>Teachers <a href=\"https:\/\/www.theglobeandmail.com\/business\/article-ontario-teachers-pension-plan-annual-report-earnings-2022\/\">had a good year<\/a>:<\/p>\n<blockquote><p>Teachers\u2019 annual return beat its internal benchmark of 2.3 per cent, and its net assets increased to $247.2-billion. The plan\u2019s managers have set at target to reach $300-billion in assets by 2030.<\/p>\n<p>Over 10 years, Teachers has returned 8.5 per cent, and the plan was considered fully funded at year-end.<\/p>\n<p>The gains Teachers reported in 2022 stand in contrast to double-digit percentage losses for many public stock and bond indexes, which plunged last year as high inflation and rapidly rising interest rates created volatility in markets.<br \/>\n<b>&#8230;<\/b><br \/>\nBy comparison, Royal Bank of Canada\u2019s RBC I&amp;TS All Plan Universe saw defined benefit pension plan assets &#8211; as measured by a typical mix of publicly held stocks and bonds &#8211; shrink 10.3 per cent last year, which was the largest loss since the 2008 financial crisis.<br \/>\n<b>&#8230;<\/b><br \/>\nAmong other major pension plans, Ontario Municipal Employees Retirement System (OMERS) gained 4.2 per cent in 2022, while the Caisse de d\u00e9p\u00f4t et placement du Qu\u00e9bec lost 5.6 per cent. Yet the results of different plans are not directly comparable because of differences their portfolios, the makeup of their membership, their liabilities and plan structures.<\/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>-2.1260 %<\/td>\n<td>2,433.4<\/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>-2.1260 %<\/td>\n<td>4,667.2<\/td>\n<\/tr>\n<tr>\n<td>Floater<\/td>\n<td>9.26 %<\/td>\n<td>9.30 %<\/td>\n<td>48,341<\/td>\n<td>10.17<\/td>\n<td>2<\/td>\n<td>-2.1260 %<\/td>\n<td>2,689.7<\/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>-0.7676 %<\/td>\n<td>3,313.2<\/td>\n<\/tr>\n<tr>\n<td>SplitShare<\/td>\n<td>5.07 %<\/td>\n<td>7.26 %<\/td>\n<td>51,779<\/td>\n<td>2.72<\/td>\n<td>7<\/td>\n<td>-0.7676 %<\/td>\n<td>3,956.6<\/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>-0.7676 %<\/td>\n<td>3,087.1<\/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>-0.1752 %<\/td>\n<td>2,732.3<\/td>\n<\/tr>\n<tr>\n<td>Perpetual-Discount<\/td>\n<td>6.24 %<\/td>\n<td>6.38 %<\/td>\n<td>62,709<\/td>\n<td>13.29<\/td>\n<td>35<\/td>\n<td>-0.1752 %<\/td>\n<td>2,979.4<\/td>\n<\/tr>\n<tr>\n<td>FixedReset Disc<\/td>\n<td>5.64 %<\/td>\n<td>7.37 %<\/td>\n<td>91,622<\/td>\n<td>12.36<\/td>\n<td>61<\/td>\n<td>-0.5571 %<\/td>\n<td>2,178.9<\/td>\n<\/tr>\n<tr>\n<td>Insurance Straight<\/td>\n<td>6.19 %<\/td>\n<td>6.25 %<\/td>\n<td>79,288<\/td>\n<td>13.61<\/td>\n<td>20<\/td>\n<td>0.1555 %<\/td>\n<td>2,900.3<\/td>\n<\/tr>\n<tr>\n<td>FloatingReset<\/td>\n<td>10.13 %<\/td>\n<td>10.45 %<\/td>\n<td>35,708<\/td>\n<td>9.25<\/td>\n<td>2<\/td>\n<td>-1.2849 %<\/td>\n<td>2,494.2<\/td>\n<\/tr>\n<tr>\n<td>FixedReset Prem<\/td>\n<td>6.58 %<\/td>\n<td>6.41 %<\/td>\n<td>220,362<\/td>\n<td>12.85<\/td>\n<td>2<\/td>\n<td>0.1979 %<\/td>\n<td>2,349.7<\/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>-0.5571 %<\/td>\n<td>2,227.3<\/td>\n<\/tr>\n<tr>\n<td>FixedReset Ins Non<\/td>\n<td>5.46 %<\/td>\n<td>6.92 %<\/td>\n<td>78,008<\/td>\n<td>12.63<\/td>\n<td>13<\/td>\n<td>0.6606 %<\/td>\n<td>2,379.4<\/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>TD.PF.B<\/td>\n<td>FixedReset Disc<\/td>\n<td>-17.79 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2053-03-14<br \/>\nMaturity Price  : 14.00<br \/>\nEvaluated at bid price : 14.00<br \/>\nBid-YTW : 9.18 %<\/td>\n<\/tr>\n<tr>\n<td>PWF.PR.H<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-3.80 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2053-03-14<br \/>\nMaturity Price  : 21.81<br \/>\nEvaluated at bid price : 22.05<br \/>\nBid-YTW : 6.62 %<\/td>\n<\/tr>\n<tr>\n<td>PVS.PR.K<\/td>\n<td>SplitShare<\/td>\n<td>-2.93 %<\/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 : 21.50<br \/>\nBid-YTW : 7.35 %<\/td>\n<\/tr>\n<tr>\n<td>BNS.PR.I<\/td>\n<td>FixedReset Disc<\/td>\n<td>-2.87 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2053-03-14<br \/>\nMaturity Price  : 20.30<br \/>\nEvaluated at bid price : 20.30<br \/>\nBid-YTW : 6.68 %<\/td>\n<\/tr>\n<tr>\n<td>MFC.PR.Q<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>-2.70 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2053-03-14<br \/>\nMaturity Price  : 19.80<br \/>\nEvaluated at bid price : 19.80<br \/>\nBid-YTW : 6.97 %<\/td>\n<\/tr>\n<tr>\n<td>RY.PR.J<\/td>\n<td>FixedReset Disc<\/td>\n<td>-2.29 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2053-03-14<br \/>\nMaturity Price  : 17.50<br \/>\nEvaluated at bid price : 17.50<br \/>\nBid-YTW : 7.66 %<\/td>\n<\/tr>\n<tr>\n<td>BN.PF.H<\/td>\n<td>FixedReset Disc<\/td>\n<td>-2.14 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2053-03-14<br \/>\nMaturity Price  : 22.06<br \/>\nEvaluated at bid price : 22.39<br \/>\nBid-YTW : 7.51 %<\/td>\n<\/tr>\n<tr>\n<td>TRP.PR.B<\/td>\n<td>FixedReset Disc<\/td>\n<td>-1.73 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2053-03-14<br \/>\nMaturity Price  : 10.81<br \/>\nEvaluated at bid price : 10.81<br \/>\nBid-YTW : 8.79 %<\/td>\n<\/tr>\n<tr>\n<td>BN.PF.I<\/td>\n<td>FixedReset Disc<\/td>\n<td>-1.65 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2053-03-14<br \/>\nMaturity Price  : 21.31<br \/>\nEvaluated at bid price : 21.31<br \/>\nBid-YTW : 7.55 %<\/td>\n<\/tr>\n<tr>\n<td>SLF.PR.J<\/td>\n<td>FloatingReset<\/td>\n<td>-1.56 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2053-03-14<br \/>\nMaturity Price  : 15.13<br \/>\nEvaluated at bid price : 15.13<br \/>\nBid-YTW : 9.92 %<\/td>\n<\/tr>\n<tr>\n<td>BIK.PR.A<\/td>\n<td>FixedReset Disc<\/td>\n<td>-1.47 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2053-03-14<br \/>\nMaturity Price  : 22.86<br \/>\nEvaluated at bid price : 23.40<br \/>\nBid-YTW : 7.31 %<\/td>\n<\/tr>\n<tr>\n<td>PWF.PR.T<\/td>\n<td>FixedReset Disc<\/td>\n<td>-1.27 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2053-03-14<br \/>\nMaturity Price  : 17.87<br \/>\nEvaluated at bid price : 17.87<br \/>\nBid-YTW : 7.46 %<\/td>\n<\/tr>\n<tr>\n<td>PVS.PR.G<\/td>\n<td>SplitShare<\/td>\n<td>-1.26 %<\/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 : 23.50<br \/>\nBid-YTW : 7.26 %<\/td>\n<\/tr>\n<tr>\n<td>TRP.PR.F<\/td>\n<td>FloatingReset<\/td>\n<td>-1.02 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2053-03-14<br \/>\nMaturity Price  : 15.60<br \/>\nEvaluated at bid price : 15.60<br \/>\nBid-YTW : 10.45 %<\/td>\n<\/tr>\n<tr>\n<td>IFC.PR.E<\/td>\n<td>Insurance Straight<\/td>\n<td>1.02 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2053-03-14<br \/>\nMaturity Price  : 20.90<br \/>\nEvaluated at bid price : 20.90<br \/>\nBid-YTW : 6.25 %<\/td>\n<\/tr>\n<tr>\n<td>GWO.PR.L<\/td>\n<td>Insurance Straight<\/td>\n<td>1.03 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2053-03-14<br \/>\nMaturity Price  : 22.22<br \/>\nEvaluated at bid price : 22.50<br \/>\nBid-YTW : 6.29 %<\/td>\n<\/tr>\n<tr>\n<td>BIP.PR.E<\/td>\n<td>FixedReset Disc<\/td>\n<td>1.04 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2053-03-14<br \/>\nMaturity Price  : 21.80<br \/>\nEvaluated at bid price : 22.24<br \/>\nBid-YTW : 6.67 %<\/td>\n<\/tr>\n<tr>\n<td>IFC.PR.A<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>1.12 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2053-03-14<br \/>\nMaturity Price  : 17.10<br \/>\nEvaluated at bid price : 17.10<br \/>\nBid-YTW : 6.92 %<\/td>\n<\/tr>\n<tr>\n<td>FTS.PR.K<\/td>\n<td>FixedReset Disc<\/td>\n<td>1.19 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2053-03-14<br \/>\nMaturity Price  : 16.19<br \/>\nEvaluated at bid price : 16.19<br \/>\nBid-YTW : 7.68 %<\/td>\n<\/tr>\n<tr>\n<td>IFC.PR.G<\/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: 2053-03-14<br \/>\nMaturity Price  : 20.36<br \/>\nEvaluated at bid price : 20.36<br \/>\nBid-YTW : 6.76 %<\/td>\n<\/tr>\n<tr>\n<td>MFC.PR.K<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>1.47 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2053-03-14<br \/>\nMaturity Price  : 19.30<br \/>\nEvaluated at bid price : 19.30<br \/>\nBid-YTW : 6.70 %<\/td>\n<\/tr>\n<tr>\n<td>MFC.PR.F<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>1.48 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2053-03-14<br \/>\nMaturity Price  : 13.04<br \/>\nEvaluated at bid price : 13.04<br \/>\nBid-YTW : 7.52 %<\/td>\n<\/tr>\n<tr>\n<td>MIC.PR.A<\/td>\n<td>Perpetual-Discount<\/td>\n<td>1.52 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2053-03-14<br \/>\nMaturity Price  : 20.25<br \/>\nEvaluated at bid price : 20.25<br \/>\nBid-YTW : 6.70 %<\/td>\n<\/tr>\n<tr>\n<td>MFC.PR.M<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>1.57 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2053-03-14<br \/>\nMaturity Price  : 17.45<br \/>\nEvaluated at bid price : 17.45<br \/>\nBid-YTW : 7.38 %<\/td>\n<\/tr>\n<tr>\n<td>GWO.PR.T<\/td>\n<td>Insurance Straight<\/td>\n<td>1.63 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2053-03-14<br \/>\nMaturity Price  : 20.54<br \/>\nEvaluated at bid price : 20.54<br \/>\nBid-YTW : 6.29 %<\/td>\n<\/tr>\n<tr>\n<td>GWO.PR.Y<\/td>\n<td>Insurance Straight<\/td>\n<td>1.66 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2053-03-14<br \/>\nMaturity Price  : 18.40<br \/>\nEvaluated at bid price : 18.40<br \/>\nBid-YTW : 6.14 %<\/td>\n<\/tr>\n<tr>\n<td>BN.PR.T<\/td>\n<td>FixedReset Disc<\/td>\n<td>1.68 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2053-03-14<br \/>\nMaturity Price  : 14.35<br \/>\nEvaluated at bid price : 14.35<br \/>\nBid-YTW : 8.47 %<\/td>\n<\/tr>\n<tr>\n<td>BN.PR.Z<\/td>\n<td>FixedReset Disc<\/td>\n<td>1.71 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2053-03-14<br \/>\nMaturity Price  : 20.49<br \/>\nEvaluated at bid price : 20.49<br \/>\nBid-YTW : 7.30 %<\/td>\n<\/tr>\n<tr>\n<td>IFC.PR.K<\/td>\n<td>Perpetual-Discount<\/td>\n<td>1.84 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2053-03-14<br \/>\nMaturity Price  : 21.10<br \/>\nEvaluated at bid price : 21.10<br \/>\nBid-YTW : 6.25 %<\/td>\n<\/tr>\n<tr>\n<td>MFC.PR.N<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>1.86 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2053-03-14<br \/>\nMaturity Price  : 17.00<br \/>\nEvaluated at bid price : 17.00<br \/>\nBid-YTW : 7.44 %<\/td>\n<\/tr>\n<tr>\n<td>BIP.PR.F<\/td>\n<td>FixedReset Disc<\/td>\n<td>2.07 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2053-03-14<br \/>\nMaturity Price  : 19.75<br \/>\nEvaluated at bid price : 19.75<br \/>\nBid-YTW : 7.40 %<\/td>\n<\/tr>\n<tr>\n<td>CU.PR.E<\/td>\n<td>Perpetual-Discount<\/td>\n<td>2.18 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2053-03-14<br \/>\nMaturity Price  : 19.66<br \/>\nEvaluated at bid price : 19.66<br \/>\nBid-YTW : 6.30 %<\/td>\n<\/tr>\n<tr>\n<td>MFC.PR.L<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>3.11 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2053-03-14<br \/>\nMaturity Price  : 17.25<br \/>\nEvaluated at bid price : 17.25<br \/>\nBid-YTW : 7.28 %<\/td>\n<\/tr>\n<tr>\n<td>BN.PR.X<\/td>\n<td>FixedReset Disc<\/td>\n<td>3.33 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2053-03-14<br \/>\nMaturity Price  : 14.85<br \/>\nEvaluated at bid price : 14.85<br \/>\nBid-YTW : 7.94 %<\/td>\n<\/tr>\n<tr>\n<td>CU.PR.H<\/td>\n<td>Perpetual-Discount<\/td>\n<td>3.37 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2053-03-14<br \/>\nMaturity Price  : 21.45<br \/>\nEvaluated at bid price : 21.45<br \/>\nBid-YTW : 6.18 %<\/td>\n<\/tr>\n<tr>\n<td>SLF.PR.G<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>7.26 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2053-03-14<br \/>\nMaturity Price  : 12.85<br \/>\nEvaluated at bid price : 12.85<br \/>\nBid-YTW : 7.71 %<\/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>BIP.PR.A<\/td>\n<td>FixedReset Disc<\/td>\n<td>19,951<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2053-03-14<br \/>\nMaturity Price  : 17.00<br \/>\nEvaluated at bid price : 17.00<br \/>\nBid-YTW : 8.96 %<\/td>\n<\/tr>\n<tr>\n<td>NA.PR.S<\/td>\n<td>FixedReset Disc<\/td>\n<td>16,747<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2053-03-14<br \/>\nMaturity Price  : 17.44<br \/>\nEvaluated at bid price : 17.44<br \/>\nBid-YTW : 7.61 %<\/td>\n<\/tr>\n<tr>\n<td>GWO.PR.H<\/td>\n<td>Insurance Straight<\/td>\n<td>15,900<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2053-03-14<br \/>\nMaturity Price  : 19.35<br \/>\nEvaluated at bid price : 19.35<br \/>\nBid-YTW : 6.29 %<\/td>\n<\/tr>\n<tr>\n<td>BMO.PR.S<\/td>\n<td>FixedReset Disc<\/td>\n<td>14,000<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2053-03-14<br \/>\nMaturity Price  : 17.65<br \/>\nEvaluated at bid price : 17.65<br \/>\nBid-YTW : 7.39 %<\/td>\n<\/tr>\n<tr>\n<td>CM.PR.Q<\/td>\n<td>FixedReset Disc<\/td>\n<td>13,700<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2053-03-14<br \/>\nMaturity Price  : 18.40<br \/>\nEvaluated at bid price : 18.40<br \/>\nBid-YTW : 7.26 %<\/td>\n<\/tr>\n<tr>\n<td>BN.PF.I<\/td>\n<td>FixedReset Disc<\/td>\n<td>13,300<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2053-03-14<br \/>\nMaturity Price  : 21.31<br \/>\nEvaluated at bid price : 21.31<br \/>\nBid-YTW : 7.55 %<\/td>\n<\/tr>\n<tr>\n<td colspan=\"4\">There were 4 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>TD.PF.B<\/td>\n<td>FixedReset Disc<\/td>\n<td>Quote: 14.00 &#8211; 17.09<br \/>\nSpot Rate  :  3.0900<br \/>\nAverage  :  1.7587<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2053-03-14<br \/>\nMaturity Price  : 14.00<br \/>\nEvaluated at bid price : 14.00<br \/>\nBid-YTW : 9.18 %<\/td>\n<\/tr>\n<tr>\n<td>BN.PF.A<\/td>\n<td>FixedReset Disc<\/td>\n<td>Quote: 19.60 &#8211; 23.00<br \/>\nSpot Rate  :  3.4000<br \/>\nAverage  :  2.2802<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2053-03-14<br \/>\nMaturity Price  : 19.60<br \/>\nEvaluated at bid price : 19.60<br \/>\nBid-YTW : 7.45 %<\/td>\n<\/tr>\n<tr>\n<td>CM.PR.Q<\/td>\n<td>FixedReset Disc<\/td>\n<td>Quote: 18.40 &#8211; 20.50<br \/>\nSpot Rate  :  2.1000<br \/>\nAverage  :  1.4456<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2053-03-14<br \/>\nMaturity Price  : 18.40<br \/>\nEvaluated at bid price : 18.40<br \/>\nBid-YTW : 7.26 %<\/td>\n<\/tr>\n<tr>\n<td>PWF.PR.T<\/td>\n<td>FixedReset Disc<\/td>\n<td>Quote: 17.87 &#8211; 19.27<br \/>\nSpot Rate  :  1.4000<br \/>\nAverage  :  0.8823<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2053-03-14<br \/>\nMaturity Price  : 17.87<br \/>\nEvaluated at bid price : 17.87<br \/>\nBid-YTW : 7.46 %<\/td>\n<\/tr>\n<tr>\n<td>PWF.PF.A<\/td>\n<td>Perpetual-Discount<\/td>\n<td>Quote: 18.45 &#8211; 19.60<br \/>\nSpot Rate  :  1.1500<br \/>\nAverage  :  0.7126<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2053-03-14<br \/>\nMaturity Price  : 18.45<br \/>\nEvaluated at bid price : 18.45<br \/>\nBid-YTW : 6.20 %<\/td>\n<\/tr>\n<tr>\n<td>BN.PR.T<\/td>\n<td>FixedReset Disc<\/td>\n<td>Quote: 14.35 &#8211; 15.90<br \/>\nSpot Rate  :  1.5500<br \/>\nAverage  :  1.1542<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2053-03-14<br \/>\nMaturity Price  : 14.35<br \/>\nEvaluated at bid price : 14.35<br \/>\nBid-YTW : 8.47 %<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>The US Inflation report came out today: Price increases did cool slightly on an annual basis, with the Consumer Price Index climbing 6 percent over the year through February, the Labor Department said Tuesday. That &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-44975","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/44975","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=44975"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/44975\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=44975"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=44975"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=44975"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}