{"id":46949,"date":"2024-06-19T19:14:30","date_gmt":"2024-06-20T00:14:30","guid":{"rendered":"https:\/\/prefblog.com\/?p=46949"},"modified":"2024-06-19T19:14:30","modified_gmt":"2024-06-20T00:14:30","slug":"june-19-2024","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=46949","title":{"rendered":"June 19, 2024"},"content":{"rendered":"
<\/a><\/div>\n

TXPR closed at 568.42<\/a>, down 0.71% on the day. Volume today was 2.29-million, above the median of the past 21 trading days.<\/p>\n

CPD closed at 11.32<\/a>, down 0.62% on the day. Volume was 116,970, second-highest of the past 21 trading days.<\/p>\n

ZPR closed at 9.65<\/a>, down 0.82% on the day. Volume was 382,670, third-highest of the past 21 trading days.<\/p>\n

Five-year Canada yields were up to 3.34%<\/a>.<\/p>\n

PerpetualDiscounts now yield 6.78%, equivalent to 8.81% interest at the standard equivalency factor of 1.3x. Long corporates<\/a> yielded 5.07% on 2024-6-7 and since then the closing price of ZLC has changed from 15.02 to 15.30, an increase of 186bp in price, implying a decrease of yields of 15bp (BMO reports a duration of 12.31, but don’t disclose whether this is Macaulay or Modified; I will assume Modified) to 4.92%. Therefore, the pre-tax interest-equivalent spread (in this context, the \u201cSeniority Spread\u201d) has exploded to 390bp from the 355bp reported June 12<\/a>.<\/p>\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-0.2730 %<\/td>\n2,093.1<\/td>\n<\/tr>\n
FixedFloater<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.2730 %<\/td>\n4,014.5<\/td>\n<\/tr>\n
Floater<\/td>\n11.10 %<\/td>\n11.21 %<\/td>\n60,405<\/td>\n8.72<\/td>\n1<\/td>\n-0.2730 %<\/td>\n2,313.6<\/td>\n<\/tr>\n
OpRet<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.0238 %<\/td>\n3,450.5<\/td>\n<\/tr>\n
SplitShare<\/td>\n4.88 %<\/td>\n6.90 %<\/td>\n31,285<\/td>\n1.61<\/td>\n7<\/td>\n-0.0238 %<\/td>\n4,120.6<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.0238 %<\/td>\n3,215.1<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.2127 %<\/td>\n2,604.9<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n6.61 %<\/td>\n6.78 %<\/td>\n52,555<\/td>\n12.74<\/td>\n28<\/td>\n-0.2127 %<\/td>\n2,840.5<\/td>\n<\/tr>\n
FixedReset Disc<\/td>\n5.42 %<\/td>\n7.54 %<\/td>\n121,616<\/td>\n11.93<\/td>\n49<\/td>\n-0.6414 %<\/td>\n2,465.3<\/td>\n<\/tr>\n
Insurance Straight<\/td>\n6.45 %<\/td>\n6.58 %<\/td>\n59,703<\/td>\n13.14<\/td>\n20<\/td>\n-0.1961 %<\/td>\n2,815.8<\/td>\n<\/tr>\n
FloatingReset<\/td>\n9.74 %<\/td>\n9.51 %<\/td>\n38,111<\/td>\n10.00<\/td>\n3<\/td>\n-0.3094 %<\/td>\n2,611.9<\/td>\n<\/tr>\n
FixedReset Prem<\/td>\n6.42 %<\/td>\n6.87 %<\/td>\n223,732<\/td>\n12.49<\/td>\n7<\/td>\n-0.4889 %<\/td>\n2,507.3<\/td>\n<\/tr>\n
FixedReset Bank Non<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.6414 %<\/td>\n2,520.0<\/td>\n<\/tr>\n
FixedReset Ins Non<\/td>\n5.70 %<\/td>\n7.20 %<\/td>\n104,395<\/td>\n12.61<\/td>\n14<\/td>\n-4.1555 %<\/td>\n2,493.5<\/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
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-24.38 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-19
\nMaturity Price : 15.35
\nEvaluated at bid price : 15.35
\nBid-YTW : 9.06 %<\/td>\n<\/tr>\n
MFC.PR.M<\/td>\nFixedReset Ins Non<\/td>\n-15.17 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-19
\nMaturity Price : 16.67
\nEvaluated at bid price : 16.67
\nBid-YTW : 8.51 %<\/td>\n<\/tr>\n
BN.PF.C<\/td>\nPerpetual-Discount<\/td>\n-9.19 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-19
\nMaturity Price : 15.90
\nEvaluated at bid price : 15.90
\nBid-YTW : 7.68 %<\/td>\n<\/tr>\n
BN.PF.G<\/td>\nFixedReset Disc<\/td>\n-5.67 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-19
\nMaturity Price : 15.80
\nEvaluated at bid price : 15.80
\nBid-YTW : 9.42 %<\/td>\n<\/tr>\n
MFC.PR.Q<\/td>\nFixedReset Ins Non<\/td>\n-5.49 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-19
\nMaturity Price : 21.00
\nEvaluated at bid price : 21.00
\nBid-YTW : 7.09 %<\/td>\n<\/tr>\n
PWF.PR.P<\/td>\nFixedReset Disc<\/td>\n-3.36 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-19
\nMaturity Price : 14.08
\nEvaluated at bid price : 14.08
\nBid-YTW : 8.20 %<\/td>\n<\/tr>\n
CM.PR.S<\/td>\nFixedReset Disc<\/td>\n-2.89 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-19
\nMaturity Price : 22.88
\nEvaluated at bid price : 22.88
\nBid-YTW : 6.47 %<\/td>\n<\/tr>\n
BN.PF.H<\/td>\nFixedReset Disc<\/td>\n-2.77 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-19
\nMaturity Price : 21.46
\nEvaluated at bid price : 21.80
\nBid-YTW : 8.30 %<\/td>\n<\/tr>\n
BN.PF.J<\/td>\nFixedReset Disc<\/td>\n-2.76 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-19
\nMaturity Price : 21.10
\nEvaluated at bid price : 21.10
\nBid-YTW : 7.62 %<\/td>\n<\/tr>\n
GWO.PR.I<\/td>\nInsurance Straight<\/td>\n-2.66 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-19
\nMaturity Price : 17.23
\nEvaluated at bid price : 17.23
\nBid-YTW : 6.57 %<\/td>\n<\/tr>\n
TD.PF.J<\/td>\nFixedReset Disc<\/td>\n-2.11 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-19
\nMaturity Price : 22.47
\nEvaluated at bid price : 23.20
\nBid-YTW : 6.51 %<\/td>\n<\/tr>\n
IFC.PR.A<\/td>\nFixedReset Ins Non<\/td>\n-2.07 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-19
\nMaturity Price : 17.50
\nEvaluated at bid price : 17.50
\nBid-YTW : 7.20 %<\/td>\n<\/tr>\n
MFC.PR.K<\/td>\nFixedReset Ins Non<\/td>\n-2.05 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-19
\nMaturity Price : 21.64
\nEvaluated at bid price : 21.95
\nBid-YTW : 6.62 %<\/td>\n<\/tr>\n
RY.PR.J<\/td>\nFixedReset Disc<\/td>\n-1.93 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-19
\nMaturity Price : 22.15
\nEvaluated at bid price : 22.85
\nBid-YTW : 6.48 %<\/td>\n<\/tr>\n
TD.PF.C<\/td>\nFixedReset Disc<\/td>\n-1.87 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-19
\nMaturity Price : 21.61
\nEvaluated at bid price : 21.99
\nBid-YTW : 6.34 %<\/td>\n<\/tr>\n
MFC.PR.I<\/td>\nFixedReset Ins Non<\/td>\n-1.77 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-19
\nMaturity Price : 21.31
\nEvaluated at bid price : 21.61
\nBid-YTW : 7.16 %<\/td>\n<\/tr>\n
BIP.PR.F<\/td>\nFixedReset Disc<\/td>\n-1.71 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-19
\nMaturity Price : 19.60
\nEvaluated at bid price : 19.60
\nBid-YTW : 8.12 %<\/td>\n<\/tr>\n
PWF.PR.H<\/td>\nPerpetual-Discount<\/td>\n-1.57 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-19
\nMaturity Price : 21.31
\nEvaluated at bid price : 21.31
\nBid-YTW : 6.88 %<\/td>\n<\/tr>\n
IFC.PR.C<\/td>\nFixedReset Ins Non<\/td>\n-1.55 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-19
\nMaturity Price : 19.00
\nEvaluated at bid price : 19.00
\nBid-YTW : 7.37 %<\/td>\n<\/tr>\n
GWO.PR.N<\/td>\nFixedReset Ins Non<\/td>\n-1.43 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-19
\nMaturity Price : 13.75
\nEvaluated at bid price : 13.75
\nBid-YTW : 7.85 %<\/td>\n<\/tr>\n
BN.PF.I<\/td>\nFixedReset Disc<\/td>\n-1.40 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-19
\nMaturity Price : 21.10
\nEvaluated at bid price : 21.10
\nBid-YTW : 8.11 %<\/td>\n<\/tr>\n
PWF.PR.T<\/td>\nFixedReset Disc<\/td>\n-1.40 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-19
\nMaturity Price : 21.20
\nEvaluated at bid price : 21.20
\nBid-YTW : 6.82 %<\/td>\n<\/tr>\n
GWO.PR.M<\/td>\nInsurance Straight<\/td>\n-1.32 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-19
\nMaturity Price : 21.46
\nEvaluated at bid price : 21.72
\nBid-YTW : 6.70 %<\/td>\n<\/tr>\n
NA.PR.G<\/td>\nFixedReset Prem<\/td>\n-1.23 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-19
\nMaturity Price : 23.19
\nEvaluated at bid price : 24.94
\nBid-YTW : 6.42 %<\/td>\n<\/tr>\n
IFC.PR.G<\/td>\nFixedReset Ins Non<\/td>\n-1.20 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-19
\nMaturity Price : 21.40
\nEvaluated at bid price : 21.40
\nBid-YTW : 6.96 %<\/td>\n<\/tr>\n
CU.PR.J<\/td>\nPerpetual-Discount<\/td>\n-1.20 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-19
\nMaturity Price : 18.15
\nEvaluated at bid price : 18.15
\nBid-YTW : 6.62 %<\/td>\n<\/tr>\n
GWO.PR.P<\/td>\nInsurance Straight<\/td>\n-1.16 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-19
\nMaturity Price : 20.40
\nEvaluated at bid price : 20.40
\nBid-YTW : 6.66 %<\/td>\n<\/tr>\n
FFH.PR.H<\/td>\nFloatingReset<\/td>\n-1.13 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-19
\nMaturity Price : 17.55
\nEvaluated at bid price : 17.55
\nBid-YTW : 10.50 %<\/td>\n<\/tr>\n
GWO.PR.H<\/td>\nInsurance Straight<\/td>\n-1.07 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-19
\nMaturity Price : 18.52
\nEvaluated at bid price : 18.52
\nBid-YTW : 6.58 %<\/td>\n<\/tr>\n
IFC.PR.I<\/td>\nInsurance Straight<\/td>\n-1.00 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-19
\nMaturity Price : 20.79
\nEvaluated at bid price : 20.79
\nBid-YTW : 6.53 %<\/td>\n<\/tr>\n
GWO.PR.R<\/td>\nInsurance Straight<\/td>\n1.09 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-19
\nMaturity Price : 18.49
\nEvaluated at bid price : 18.49
\nBid-YTW : 6.53 %<\/td>\n<\/tr>\n
RY.PR.N<\/td>\nPerpetual-Discount<\/td>\n1.12 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-19
\nMaturity Price : 22.22
\nEvaluated at bid price : 22.50
\nBid-YTW : 5.49 %<\/td>\n<\/tr>\n
CU.PR.D<\/td>\nPerpetual-Discount<\/td>\n1.14 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-19
\nMaturity Price : 18.71
\nEvaluated at bid price : 18.71
\nBid-YTW : 6.63 %<\/td>\n<\/tr>\n
PWF.PR.F<\/td>\nPerpetual-Discount<\/td>\n1.34 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-19
\nMaturity Price : 19.67
\nEvaluated at bid price : 19.67
\nBid-YTW : 6.80 %<\/td>\n<\/tr>\n
BN.PF.E<\/td>\nFixedReset Disc<\/td>\n1.34 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-19
\nMaturity Price : 16.62
\nEvaluated at bid price : 16.62
\nBid-YTW : 8.69 %<\/td>\n<\/tr>\n
PWF.PR.S<\/td>\nPerpetual-Discount<\/td>\n1.40 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-19
\nMaturity Price : 18.10
\nEvaluated at bid price : 18.10
\nBid-YTW : 6.76 %<\/td>\n<\/tr>\n
GWO.PR.G<\/td>\nInsurance Straight<\/td>\n2.07 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-19
\nMaturity Price : 19.70
\nEvaluated at bid price : 19.70
\nBid-YTW : 6.64 %<\/td>\n<\/tr>\n
IFC.PR.E<\/td>\nInsurance Straight<\/td>\n2.27 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-19
\nMaturity Price : 20.30
\nEvaluated at bid price : 20.30
\nBid-YTW : 6.44 %<\/td>\n<\/tr>\n
BN.PR.M<\/td>\nPerpetual-Discount<\/td>\n2.41 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-19
\nMaturity Price : 17.42
\nEvaluated at bid price : 17.42
\nBid-YTW : 6.86 %<\/td>\n<\/tr>\n
CU.PR.E<\/td>\nPerpetual-Discount<\/td>\n3.84 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-19
\nMaturity Price : 18.66
\nEvaluated at bid price : 18.66
\nBid-YTW : 6.64 %<\/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
CM.PR.O<\/td>\nFixedReset Disc<\/td>\n249,562<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-19
\nMaturity Price : 23.64
\nEvaluated at bid price : 24.75
\nBid-YTW : 5.72 %<\/td>\n<\/tr>\n
PWF.PR.T<\/td>\nFixedReset Disc<\/td>\n77,916<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-19
\nMaturity Price : 21.20
\nEvaluated at bid price : 21.20
\nBid-YTW : 6.82 %<\/td>\n<\/tr>\n
RY.PR.M<\/td>\nFixedReset Disc<\/td>\n66,133<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-19
\nMaturity Price : 21.60
\nEvaluated at bid price : 22.00
\nBid-YTW : 6.48 %<\/td>\n<\/tr>\n
PWF.PR.R<\/td>\nPerpetual-Discount<\/td>\n58,300<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-19
\nMaturity Price : 20.55
\nEvaluated at bid price : 20.55
\nBid-YTW : 6.82 %<\/td>\n<\/tr>\n
BMO.PR.Y<\/td>\nFixedReset Disc<\/td>\n53,366<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-19
\nMaturity Price : 22.06
\nEvaluated at bid price : 22.71
\nBid-YTW : 6.42 %<\/td>\n<\/tr>\n
BN.PF.G<\/td>\nFixedReset Disc<\/td>\n41,497<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-19
\nMaturity Price : 15.80
\nEvaluated at bid price : 15.80
\nBid-YTW : 9.42 %<\/td>\n<\/tr>\n
There were 27 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 – 20.00
\nSpot Rate : 4.6500
\nAverage : 3.1708<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-19
\nMaturity Price : 15.35
\nEvaluated at bid price : 15.35
\nBid-YTW : 9.06 %<\/td>\n<\/tr>\n

BN.PF.G<\/td>\nFixedReset Disc<\/td>\nQuote: 15.80 – 19.50
\nSpot Rate : 3.7000
\nAverage : 2.3726<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-19
\nMaturity Price : 15.80
\nEvaluated at bid price : 15.80
\nBid-YTW : 9.42 %<\/td>\n<\/tr>\n

MFC.PR.M<\/td>\nFixedReset Ins Non<\/td>\nQuote: 16.67 – 20.01
\nSpot Rate : 3.3400
\nAverage : 2.0664<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-19
\nMaturity Price : 16.67
\nEvaluated at bid price : 16.67
\nBid-YTW : 8.51 %<\/td>\n<\/tr>\n

BN.PF.C<\/td>\nPerpetual-Discount<\/td>\nQuote: 15.90 – 17.53
\nSpot Rate : 1.6300
\nAverage : 1.0510<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-19
\nMaturity Price : 15.90
\nEvaluated at bid price : 15.90
\nBid-YTW : 7.68 %<\/td>\n<\/tr>\n

IFC.PR.E<\/td>\nInsurance Straight<\/td>\nQuote: 20.30 – 23.22
\nSpot Rate : 2.9200
\nAverage : 2.4133<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-19
\nMaturity Price : 20.30
\nEvaluated at bid price : 20.30
\nBid-YTW : 6.44 %<\/td>\n<\/tr>\n

IFC.PR.A<\/td>\nFixedReset Ins Non<\/td>\nQuote: 17.50 – 18.85
\nSpot Rate : 1.3500
\nAverage : 0.8549<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-19
\nMaturity Price : 17.50
\nEvaluated at bid price : 17.50
\nBid-YTW : 7.20 %<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

TXPR closed at 568.42, down 0.71% on the day. Volume today was 2.29-million, above the median of the past 21 trading days. CPD closed at 11.32, down 0.62% on the day. Volume was 116,970, second-highest …<\/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-46949","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/46949","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=46949"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/46949\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=46949"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=46949"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=46949"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}