{"id":46933,"date":"2024-06-17T20:37:05","date_gmt":"2024-06-18T01:37:05","guid":{"rendered":"https:\/\/prefblog.com\/?p=46933"},"modified":"2024-06-17T20:37:05","modified_gmt":"2024-06-18T01:37:05","slug":"june-17-2024","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=46933","title":{"rendered":"June 17, 2024"},"content":{"rendered":"
<\/a><\/div>\n

TXPR closed at 570.98<\/a>, down 1.50% on the day. Volume today was 2.06-million, above the median of the past 21 trading days.<\/p>\n

CPD closed at 11.43<\/a>, down 0.87% on the day. Volume was 68,410, above the median of the past 21 trading days.<\/p>\n

ZPR closed at 9.72<\/a>, down 1.12% on the day. Volume was 203,040, fourth-highest of the past 21 trading days.<\/p>\n

Five-year Canada yields were up to 3.37%<\/a>.<\/p>\n

The day was enlivened by the announcement that IAF.PR.B, a heavily discounted Straight Perpetual, would quite possibly get redeemed<\/a>. It was enlivened even more by the fact that dissemination of this news was not quite as even-handed as might be considered ideal. Still, it’s entertaining to see a not-insignificant issuer make such a declaration that the preferred share market is cheap, cheap, cheap on the same day that prices fell through the floor.<\/p>\n

There are worries about liquidity … in the Treasuries market<\/a>:<\/p>\n

U.S. bond market participants are worried market liquidity will keep deteriorating as the U.S. Treasury continues to issue large amounts of debt to back deficit spending while dealers struggle to keep up with the ballooning size of the market.<\/p>\n

Liquidity – or the ability to trade an asset without significantly moving its price – has worsened over the past few years. U.S. government bond prices have fluctuated sharply since the Federal Reserve started hiking interest rates to tame inflation and the issue was discussed during several panels at the Fixed Income Leaders Summit event in Boston on June 13-14.<\/p>\n

Regulators and the Treasury itself have launched a slate of reforms to improve trading conditions and avoid disruptions in the world\u2019s biggest bond market, the bedrock of the global financial system. Still, many are concerned that vulnerabilities that emerged in previous incidents, such as in March 2020 when liquidity rapidly deteriorated amid pandemic fears, could still reappear in case of spikes in volatility and as demand struggles to keep up with supply.
…<\/b>
New York Fed researchers said in a paper last year that yield volatility explains most of the variation in Treasury market liquidity. But they also noted \u201ca significant loss in U.S. Treasury market functionality when intensive use of dealer balance sheets is needed to intermediate bond markets, as in March 2020.\u201d<\/p><\/blockquote>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
HIMIPref™ Preferred Indices
These values reflect the December 2008 revision of the HIMIPref™ Indices<\/strong>
Values are provisional and are finalized monthly<\/td>\n<\/tr>\n
Index<\/td>\nMean
Current
Yield
(at bid)<\/td>\n		Median
YTW<\/td>\n		Median
Average
Trading
Value<\/td>\n		Median
Mod Dur
(YTW)<\/td>\n		Issues<\/td>\nDay’s Perf.<\/td>\nIndex Value<\/td>\n<\/tr>\n
Ratchet<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-3.4513 %<\/td>\n2,083.5<\/td>\n<\/tr>\n
FixedFloater<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-3.4513 %<\/td>\n3,996.2<\/td>\n<\/tr>\n
Floater<\/td>\n11.15 %<\/td>\n11.25 %<\/td>\n58,953<\/td>\n8.70<\/td>\n1<\/td>\n-3.4513 %<\/td>\n2,303.0<\/td>\n<\/tr>\n
OpRet<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.3915 %<\/td>\n3,445.4<\/td>\n<\/tr>\n
SplitShare<\/td>\n4.88 %<\/td>\n6.87 %<\/td>\n30,649<\/td>\n1.61<\/td>\n7<\/td>\n-0.3915 %<\/td>\n4,114.5<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.3915 %<\/td>\n3,210.3<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-1.1944 %<\/td>\n2,606.0<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n6.60 %<\/td>\n6.73 %<\/td>\n53,214<\/td>\n12.82<\/td>\n28<\/td>\n-1.1944 %<\/td>\n2,841.7<\/td>\n<\/tr>\n
FixedReset Disc<\/td>\n5.42 %<\/td>\n7.39 %<\/td>\n119,043<\/td>\n12.16<\/td>\n49<\/td>\n-1.2660 %<\/td>\n2,463.3<\/td>\n<\/tr>\n
Insurance Straight<\/td>\n6.43 %<\/td>\n6.55 %<\/td>\n59,765<\/td>\n13.18<\/td>\n20<\/td>\n-1.1753 %<\/td>\n2,822.5<\/td>\n<\/tr>\n
FloatingReset<\/td>\n9.66 %<\/td>\n9.47 %<\/td>\n37,938<\/td>\n10.05<\/td>\n3<\/td>\n-0.5584 %<\/td>\n2,632.4<\/td>\n<\/tr>\n
FixedReset Prem<\/td>\n6.38 %<\/td>\n6.82 %<\/td>\n219,924<\/td>\n12.50<\/td>\n7<\/td>\n-0.1362 %<\/td>\n2,519.6<\/td>\n<\/tr>\n
FixedReset Bank Non<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-1.2660 %<\/td>\n2,518.0<\/td>\n<\/tr>\n
FixedReset Ins Non<\/td>\n5.58 %<\/td>\n7.18 %<\/td>\n104,853<\/td>\n12.72<\/td>\n14<\/td>\n-3.1264 %<\/td>\n2,548.3<\/td>\n<\/tr>\n<\/table>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Performance Highlights<\/strong><\/td>\n<\/tr>\n
Issue<\/td>\nIndex<\/td>\nChange<\/td>\nNotes<\/td>\n<\/tr>\n
MFC.PR.L<\/td>\nFixedReset Ins Non<\/td>\n-25.85 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-17
\nMaturity Price : 15.35
\nEvaluated at bid price : 15.35
\nBid-YTW : 9.05 %<\/td>\n<\/tr>\n
MIC.PR.A<\/td>\nPerpetual-Discount<\/td>\n-19.32 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-17
\nMaturity Price : 15.33
\nEvaluated at bid price : 15.33
\nBid-YTW : 8.87 %<\/td>\n<\/tr>\n
NA.PR.W<\/td>\nFixedReset Disc<\/td>\n-7.21 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-17
\nMaturity Price : 19.31
\nEvaluated at bid price : 19.31
\nBid-YTW : 7.22 %<\/td>\n<\/tr>\n
IFC.PR.G<\/td>\nFixedReset Ins Non<\/td>\n-5.73 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-17
\nMaturity Price : 20.74
\nEvaluated at bid price : 20.74
\nBid-YTW : 7.18 %<\/td>\n<\/tr>\n
FFH.PR.K<\/td>\nFixedReset Disc<\/td>\n-5.02 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-17
\nMaturity Price : 19.28
\nEvaluated at bid price : 19.28
\nBid-YTW : 8.42 %<\/td>\n<\/tr>\n
BN.PF.C<\/td>\nPerpetual-Discount<\/td>\n-4.06 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-17
\nMaturity Price : 16.79
\nEvaluated at bid price : 16.79
\nBid-YTW : 7.26 %<\/td>\n<\/tr>\n
GWO.PR.T<\/td>\nInsurance Straight<\/td>\n-3.70 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-17
\nMaturity Price : 19.26
\nEvaluated at bid price : 19.26
\nBid-YTW : 6.72 %<\/td>\n<\/tr>\n
GWO.PR.Y<\/td>\nInsurance Straight<\/td>\n-3.65 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-17
\nMaturity Price : 16.91
\nEvaluated at bid price : 16.91
\nBid-YTW : 6.69 %<\/td>\n<\/tr>\n
CM.PR.Q<\/td>\nFixedReset Disc<\/td>\n-3.63 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-17
\nMaturity Price : 21.62
\nEvaluated at bid price : 22.02
\nBid-YTW : 6.75 %<\/td>\n<\/tr>\n
BN.PF.D<\/td>\nPerpetual-Discount<\/td>\n-3.57 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-17
\nMaturity Price : 17.04
\nEvaluated at bid price : 17.04
\nBid-YTW : 7.23 %<\/td>\n<\/tr>\n
CU.PR.C<\/td>\nFixedReset Disc<\/td>\n-3.52 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-17
\nMaturity Price : 18.36
\nEvaluated at bid price : 18.36
\nBid-YTW : 7.75 %<\/td>\n<\/tr>\n
PVS.PR.K<\/td>\nSplitShare<\/td>\n-3.48 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2029-05-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 22.20
\nBid-YTW : 7.25 %<\/td>\n<\/tr>\n
BN.PR.B<\/td>\nFloater<\/td>\n-3.45 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-17
\nMaturity Price : 10.91
\nEvaluated at bid price : 10.91
\nBid-YTW : 11.25 %<\/td>\n<\/tr>\n
FTS.PR.M<\/td>\nFixedReset Disc<\/td>\n-2.98 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-17
\nMaturity Price : 18.53
\nEvaluated at bid price : 18.53
\nBid-YTW : 7.85 %<\/td>\n<\/tr>\n
FFH.PR.M<\/td>\nFixedReset Disc<\/td>\n-2.98 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-17
\nMaturity Price : 22.13
\nEvaluated at bid price : 22.80
\nBid-YTW : 7.89 %<\/td>\n<\/tr>\n
FTS.PR.G<\/td>\nFixedReset Disc<\/td>\n-2.76 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-17
\nMaturity Price : 20.11
\nEvaluated at bid price : 20.11
\nBid-YTW : 7.12 %<\/td>\n<\/tr>\n
BN.PR.M<\/td>\nPerpetual-Discount<\/td>\n-2.64 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-17
\nMaturity Price : 16.99
\nEvaluated at bid price : 16.99
\nBid-YTW : 7.03 %<\/td>\n<\/tr>\n
NA.PR.S<\/td>\nFixedReset Disc<\/td>\n-2.56 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-17
\nMaturity Price : 22.17
\nEvaluated at bid price : 22.80
\nBid-YTW : 6.52 %<\/td>\n<\/tr>\n
CM.PR.S<\/td>\nFixedReset Disc<\/td>\n-2.37 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-17
\nMaturity Price : 23.09
\nEvaluated at bid price : 23.09
\nBid-YTW : 6.41 %<\/td>\n<\/tr>\n
PWF.PF.A<\/td>\nPerpetual-Discount<\/td>\n-2.27 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-17
\nMaturity Price : 17.21
\nEvaluated at bid price : 17.21
\nBid-YTW : 6.66 %<\/td>\n<\/tr>\n
PWF.PR.L<\/td>\nPerpetual-Discount<\/td>\n-2.26 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-17
\nMaturity Price : 19.06
\nEvaluated at bid price : 19.06
\nBid-YTW : 6.82 %<\/td>\n<\/tr>\n
MFC.PR.Q<\/td>\nFixedReset Ins Non<\/td>\n-2.22 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-17
\nMaturity Price : 21.68
\nEvaluated at bid price : 22.00
\nBid-YTW : 6.75 %<\/td>\n<\/tr>\n
TD.PF.C<\/td>\nFixedReset Disc<\/td>\n-2.19 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-17
\nMaturity Price : 21.56
\nEvaluated at bid price : 21.91
\nBid-YTW : 6.37 %<\/td>\n<\/tr>\n
NA.PR.E<\/td>\nFixedReset Disc<\/td>\n-2.13 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-17
\nMaturity Price : 22.35
\nEvaluated at bid price : 23.00
\nBid-YTW : 6.47 %<\/td>\n<\/tr>\n
FFH.PR.G<\/td>\nFixedReset Disc<\/td>\n-2.09 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-17
\nMaturity Price : 16.41
\nEvaluated at bid price : 16.41
\nBid-YTW : 8.56 %<\/td>\n<\/tr>\n
BN.PF.I<\/td>\nFixedReset Disc<\/td>\n-2.08 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-17
\nMaturity Price : 21.17
\nEvaluated at bid price : 21.17
\nBid-YTW : 8.08 %<\/td>\n<\/tr>\n
TD.PF.J<\/td>\nFixedReset Disc<\/td>\n-2.07 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-17
\nMaturity Price : 22.47
\nEvaluated at bid price : 23.20
\nBid-YTW : 6.51 %<\/td>\n<\/tr>\n
GWO.PR.M<\/td>\nInsurance Straight<\/td>\n-2.01 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-17
\nMaturity Price : 21.65
\nEvaluated at bid price : 21.90
\nBid-YTW : 6.64 %<\/td>\n<\/tr>\n
CCS.PR.C<\/td>\nInsurance Straight<\/td>\n-1.96 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-17
\nMaturity Price : 19.03
\nEvaluated at bid price : 19.03
\nBid-YTW : 6.60 %<\/td>\n<\/tr>\n
FTS.PR.K<\/td>\nFixedReset Disc<\/td>\n-1.93 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-17
\nMaturity Price : 18.29
\nEvaluated at bid price : 18.29
\nBid-YTW : 7.50 %<\/td>\n<\/tr>\n
FFH.PR.C<\/td>\nFixedReset Disc<\/td>\n-1.92 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-17
\nMaturity Price : 20.40
\nEvaluated at bid price : 20.40
\nBid-YTW : 7.91 %<\/td>\n<\/tr>\n
BN.PF.A<\/td>\nFixedReset Disc<\/td>\n-1.91 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-17
\nMaturity Price : 20.57
\nEvaluated at bid price : 20.57
\nBid-YTW : 7.82 %<\/td>\n<\/tr>\n
IFC.PR.C<\/td>\nFixedReset Ins Non<\/td>\n-1.73 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-17
\nMaturity Price : 19.28
\nEvaluated at bid price : 19.28
\nBid-YTW : 7.27 %<\/td>\n<\/tr>\n
BIP.PR.F<\/td>\nFixedReset Disc<\/td>\n-1.69 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-17
\nMaturity Price : 19.76
\nEvaluated at bid price : 19.76
\nBid-YTW : 8.05 %<\/td>\n<\/tr>\n
FFH.PR.H<\/td>\nFloatingReset<\/td>\n-1.67 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-17
\nMaturity Price : 17.70
\nEvaluated at bid price : 17.70
\nBid-YTW : 10.40 %<\/td>\n<\/tr>\n
GWO.PR.S<\/td>\nInsurance Straight<\/td>\n-1.57 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-17
\nMaturity Price : 20.03
\nEvaluated at bid price : 20.03
\nBid-YTW : 6.59 %<\/td>\n<\/tr>\n
TD.PF.D<\/td>\nFixedReset Disc<\/td>\n-1.56 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-17
\nMaturity Price : 21.71
\nEvaluated at bid price : 22.15
\nBid-YTW : 6.72 %<\/td>\n<\/tr>\n
GWO.PR.R<\/td>\nInsurance Straight<\/td>\n-1.55 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-17
\nMaturity Price : 18.41
\nEvaluated at bid price : 18.41
\nBid-YTW : 6.55 %<\/td>\n<\/tr>\n
MFC.PR.I<\/td>\nFixedReset Ins Non<\/td>\n-1.54 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-17
\nMaturity Price : 22.01
\nEvaluated at bid price : 22.39
\nBid-YTW : 6.90 %<\/td>\n<\/tr>\n
GWO.PR.H<\/td>\nInsurance Straight<\/td>\n-1.53 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-17
\nMaturity Price : 18.62
\nEvaluated at bid price : 18.62
\nBid-YTW : 6.55 %<\/td>\n<\/tr>\n
MFC.PR.F<\/td>\nFixedReset Ins Non<\/td>\n-1.48 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-17
\nMaturity Price : 15.30
\nEvaluated at bid price : 15.30
\nBid-YTW : 7.23 %<\/td>\n<\/tr>\n
BN.PF.G<\/td>\nFixedReset Disc<\/td>\n-1.45 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-17
\nMaturity Price : 17.00
\nEvaluated at bid price : 17.00
\nBid-YTW : 8.77 %<\/td>\n<\/tr>\n
FFH.PR.I<\/td>\nFixedReset Disc<\/td>\n-1.43 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-17
\nMaturity Price : 17.20
\nEvaluated at bid price : 17.20
\nBid-YTW : 8.52 %<\/td>\n<\/tr>\n
POW.PR.G<\/td>\nPerpetual-Discount<\/td>\n-1.41 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-17
\nMaturity Price : 21.01
\nEvaluated at bid price : 21.01
\nBid-YTW : 6.81 %<\/td>\n<\/tr>\n
GWO.PR.I<\/td>\nInsurance Straight<\/td>\n-1.40 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-17
\nMaturity Price : 17.60
\nEvaluated at bid price : 17.60
\nBid-YTW : 6.43 %<\/td>\n<\/tr>\n
IFC.PR.A<\/td>\nFixedReset Ins Non<\/td>\n-1.38 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-17
\nMaturity Price : 17.87
\nEvaluated at bid price : 17.87
\nBid-YTW : 7.04 %<\/td>\n<\/tr>\n
POW.PR.B<\/td>\nPerpetual-Discount<\/td>\n-1.37 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-17
\nMaturity Price : 20.12
\nEvaluated at bid price : 20.12
\nBid-YTW : 6.79 %<\/td>\n<\/tr>\n
BN.PF.B<\/td>\nFixedReset Disc<\/td>\n-1.31 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-17
\nMaturity Price : 18.90
\nEvaluated at bid price : 18.90
\nBid-YTW : 8.03 %<\/td>\n<\/tr>\n
BMO.PR.Y<\/td>\nFixedReset Disc<\/td>\n-1.30 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-17
\nMaturity Price : 22.31
\nEvaluated at bid price : 22.75
\nBid-YTW : 6.41 %<\/td>\n<\/tr>\n
BN.PF.E<\/td>\nFixedReset Disc<\/td>\n-1.26 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-17
\nMaturity Price : 16.50
\nEvaluated at bid price : 16.50
\nBid-YTW : 8.75 %<\/td>\n<\/tr>\n
GWO.PR.G<\/td>\nInsurance Straight<\/td>\n-1.24 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-17
\nMaturity Price : 19.95
\nEvaluated at bid price : 19.95
\nBid-YTW : 6.55 %<\/td>\n<\/tr>\n
RY.PR.J<\/td>\nFixedReset Disc<\/td>\n-1.15 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-17
\nMaturity Price : 22.60
\nEvaluated at bid price : 23.15
\nBid-YTW : 6.40 %<\/td>\n<\/tr>\n
RY.PR.M<\/td>\nFixedReset Disc<\/td>\n-1.13 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-17
\nMaturity Price : 21.50
\nEvaluated at bid price : 21.85
\nBid-YTW : 6.52 %<\/td>\n<\/tr>\n
BMO.PR.W<\/td>\nFixedReset Disc<\/td>\n-1.08 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-17
\nMaturity Price : 22.26
\nEvaluated at bid price : 23.00
\nBid-YTW : 6.01 %<\/td>\n<\/tr>\n
BN.PF.F<\/td>\nFixedReset Disc<\/td>\n-1.07 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-17
\nMaturity Price : 18.55
\nEvaluated at bid price : 18.55
\nBid-YTW : 8.35 %<\/td>\n<\/tr>\n
IFC.PR.F<\/td>\nInsurance Straight<\/td>\n-1.02 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-17
\nMaturity Price : 20.39
\nEvaluated at bid price : 20.39
\nBid-YTW : 6.53 %<\/td>\n<\/tr>\n
BN.PR.Z<\/td>\nFixedReset Disc<\/td>\n1.14 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-17
\nMaturity Price : 19.58
\nEvaluated at bid price : 19.58
\nBid-YTW : 8.03 %<\/td>\n<\/tr>\n
RY.PR.N<\/td>\nPerpetual-Discount<\/td>\n1.17 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-17
\nMaturity Price : 22.23
\nEvaluated at bid price : 22.51
\nBid-YTW : 5.49 %<\/td>\n<\/tr>\n
MFC.PR.N<\/td>\nFixedReset Ins Non<\/td>\n1.33 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-17
\nMaturity Price : 19.00
\nEvaluated at bid price : 19.00
\nBid-YTW : 7.33 %<\/td>\n<\/tr>\n
BIP.PR.E<\/td>\nFixedReset Disc<\/td>\n1.93 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-17
\nMaturity Price : 21.12
\nEvaluated at bid price : 21.12
\nBid-YTW : 7.65 %<\/td>\n<\/tr>\n
TD.PF.E<\/td>\nFixedReset Disc<\/td>\n3.65 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-17
\nMaturity Price : 21.51
\nEvaluated at bid price : 21.87
\nBid-YTW : 6.83 %<\/td>\n<\/tr>\n
RY.PR.O<\/td>\nPerpetual-Discount<\/td>\n7.09 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-17
\nMaturity Price : 22.22
\nEvaluated at bid price : 22.50
\nBid-YTW : 5.49 %<\/td>\n<\/tr>\n<\/table>\n\n\n\n\n\n\n\n\n\n\n
Volume Highlights<\/strong><\/td>\n<\/tr>\n
Issue<\/td>\nIndex<\/td>\nShares
Traded<\/td>\n		Notes<\/td>\n<\/tr>\n
BN.PF.G<\/td>\nFixedReset Disc<\/td>\n59,300<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-17
\nMaturity Price : 17.00
\nEvaluated at bid price : 17.00
\nBid-YTW : 8.77 %<\/td>\n<\/tr>\n
TD.PF.A<\/td>\nFixedReset Disc<\/td>\n56,800<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-17
\nMaturity Price : 22.32
\nEvaluated at bid price : 23.11
\nBid-YTW : 6.02 %<\/td>\n<\/tr>\n
RY.PR.H<\/td>\nFixedReset Disc<\/td>\n35,000<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-17
\nMaturity Price : 24.15
\nEvaluated at bid price : 24.97
\nBid-YTW : 5.59 %<\/td>\n<\/tr>\n
BIP.PR.B<\/td>\nFixedReset Disc<\/td>\n34,800<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-17
\nMaturity Price : 23.56
\nEvaluated at bid price : 23.96
\nBid-YTW : 7.95 %<\/td>\n<\/tr>\n
BMO.PR.E<\/td>\nFixedReset Prem<\/td>\n30,500<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-17
\nMaturity Price : 23.32
\nEvaluated at bid price : 25.35
\nBid-YTW : 6.14 %<\/td>\n<\/tr>\n
TD.PF.C<\/td>\nFixedReset Disc<\/td>\n28,000<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-17
\nMaturity Price : 21.56
\nEvaluated at bid price : 21.91
\nBid-YTW : 6.37 %<\/td>\n<\/tr>\n
There were 26 other index-included issues trading in excess of 10,000 shares.<\/td>\n<\/tr>\n<\/table>\n\n\n\n\n\n\n\n\n\n
Wide Spread Highlights<\/strong><\/td>\n<\/tr>\n
Issue<\/td>\nIndex<\/td>\nQuote Data and Yield Notes<\/td>\n<\/tr>\n
MFC.PR.L<\/td>\nFixedReset Ins Non<\/td>\nQuote: 15.35 – 20.71
\nSpot Rate : 5.3600
\nAverage : 2.9181<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-17
\nMaturity Price : 15.35
\nEvaluated at bid price : 15.35
\nBid-YTW : 9.05 %<\/td>\n<\/tr>\n

MIC.PR.A<\/td>\nPerpetual-Discount<\/td>\nQuote: 15.33 – 18.80
\nSpot Rate : 3.4700
\nAverage : 1.9050<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-17
\nMaturity Price : 15.33
\nEvaluated at bid price : 15.33
\nBid-YTW : 8.87 %<\/td>\n<\/tr>\n

IFC.PR.G<\/td>\nFixedReset Ins Non<\/td>\nQuote: 20.74 – 22.65
\nSpot Rate : 1.9100
\nAverage : 1.1917<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-17
\nMaturity Price : 20.74
\nEvaluated at bid price : 20.74
\nBid-YTW : 7.18 %<\/td>\n<\/tr>\n

BN.PR.M<\/td>\nPerpetual-Discount<\/td>\nQuote: 16.99 – 18.60
\nSpot Rate : 1.6100
\nAverage : 1.0073<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-17
\nMaturity Price : 16.99
\nEvaluated at bid price : 16.99
\nBid-YTW : 7.03 %<\/td>\n<\/tr>\n

BN.PR.X<\/td>\nFixedReset Disc<\/td>\nQuote: 15.00 – 16.68
\nSpot Rate : 1.6800
\nAverage : 1.2433<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-17
\nMaturity Price : 15.00
\nEvaluated at bid price : 15.00
\nBid-YTW : 8.41 %<\/td>\n<\/tr>\n

IFC.PR.I<\/td>\nInsurance Straight<\/td>\nQuote: 20.91 – 23.49
\nSpot Rate : 2.5800
\nAverage : 2.1582<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-17
\nMaturity Price : 20.91
\nEvaluated at bid price : 20.91
\nBid-YTW : 6.49 %<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

TXPR closed at 570.98, down 1.50% on the day. Volume today was 2.06-million, above the median of the past 21 trading days. CPD closed at 11.43, down 0.87% on the day. Volume was 68,410, above …<\/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-46933","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/46933","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=46933"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/46933\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=46933"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=46933"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=46933"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}