{"id":46984,"date":"2024-06-26T20:29:18","date_gmt":"2024-06-27T01:29:18","guid":{"rendered":"https:\/\/prefblog.com\/?p=46984"},"modified":"2024-06-26T20:29:18","modified_gmt":"2024-06-27T01:29:18","slug":"june-26-2024","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=46984","title":{"rendered":"June 26, 2024"},"content":{"rendered":"
<\/a><\/div>\n

TXPR closed at 589.62<\/a>, up 0.96% on the day. Volume today was 4.75-million, second-highest of the past 21 trading days.<\/p>\n

CPD closed at 11.705<\/a>, up 0.99% on the day. Volume was 89,520, third-highest of the past 21 trading days.<\/p>\n

ZPR closed at 10.115<\/a>, up 0.75% on the day. Volume was 105,310, well below the median of the past 21 trading days.<\/p>\n

Five-year Canada yields were up to 3.56%<\/a>.<\/p>\n

How’s this<\/a> for a fund?<\/p>\n

Quadravest Capital Management Inc. (the \u201cManager\u2019) is pleased to announce that Quadravest Preferred Split Share ETF (\u201cPreferred ETF\u201d) will commence trading on the Toronto Stock Exchange (the \u201cTSX\u201d) on June 27, 2024 under the symbol PREF. A final prospectus dated June 7, 2024 has been filed with the securities regulatory authorities in each province and territory in Canada.<\/p>\n

The investment objectives of Preferred ETF are to provide unitholders with: (a) monthly distributions and (b) the opportunity for capital preservation, primarily through a portfolio of preferred shares of split share corporations.<\/p>\n

Preferred ETF will seek to achieve its investment objectives by investing in an actively managed portfolio of split corp. preferred shares offered by Canadian split share corporations listed on a Canadian exchange. The Preferred ETF may also invest in preferred shares of other issuers, exchange-traded funds, other investment funds, equities or income-generating securities, and securities that are convertible into any of the above noted securities provided such investments are consistent with the Preferred ETF\u2019s investment objectives.<\/p><\/blockquote>\n

Thanks to Assiduous Reader NK for bringing this to my attention!<\/p>\n

PerpetualDiscounts now yield 6.72%, equivalent to 8.74% interest at the standard equivalency factor of 1.3x. Long corporates<\/a> yielded 4.97% on 2024-6-24 and since then the closing price of ZLC has changed from 15.21 to 15.05, a decrease of 106bp in price, implying an increase of yields of 9bp (BMO reports a duration of 12.39, but don’t disclose whether this is Macaulay or Modified; I will assume Modified) to 5.06%. Therefore, the pre-tax interest-equivalent spread (in this context, the \u201cSeniority Spread\u201d) has declined sharply to 370bp from the 390bp reported June 19<\/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-0.3578 %<\/td>\n2,127.5<\/td>\n<\/tr>\n
FixedFloater<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.3578 %<\/td>\n4,080.4<\/td>\n<\/tr>\n
Floater<\/td>\n10.92 %<\/td>\n11.05 %<\/td>\n67,646<\/td>\n8.82<\/td>\n1<\/td>\n-0.3578 %<\/td>\n2,351.6<\/td>\n<\/tr>\n
OpRet<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.1482 %<\/td>\n3,467.5<\/td>\n<\/tr>\n
SplitShare<\/td>\n4.85 %<\/td>\n6.98 %<\/td>\n28,953<\/td>\n1.59<\/td>\n7<\/td>\n0.1482 %<\/td>\n4,141.0<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.1482 %<\/td>\n3,231.0<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.5383 %<\/td>\n2,646.7<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n6.50 %<\/td>\n6.72 %<\/td>\n55,099<\/td>\n12.95<\/td>\n28<\/td>\n0.5383 %<\/td>\n2,886.1<\/td>\n<\/tr>\n
FixedReset Disc<\/td>\n5.18 %<\/td>\n7.19 %<\/td>\n125,230<\/td>\n12.29<\/td>\n49<\/td>\n1.2605 %<\/td>\n2,576.5<\/td>\n<\/tr>\n
Insurance Straight<\/td>\n6.34 %<\/td>\n6.48 %<\/td>\n59,649<\/td>\n13.27<\/td>\n20<\/td>\n-0.0863 %<\/td>\n2,864.6<\/td>\n<\/tr>\n
FloatingReset<\/td>\n9.48 %<\/td>\n9.45 %<\/td>\n36,588<\/td>\n10.04<\/td>\n3<\/td>\n1.0638 %<\/td>\n2,672.4<\/td>\n<\/tr>\n
FixedReset Prem<\/td>\n6.34 %<\/td>\n6.21 %<\/td>\n236,960<\/td>\n2.97<\/td>\n7<\/td>\n0.4479 %<\/td>\n2,537.3<\/td>\n<\/tr>\n
FixedReset Bank Non<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n1.2605 %<\/td>\n2,633.7<\/td>\n<\/tr>\n
FixedReset Ins Non<\/td>\n5.23 %<\/td>\n6.81 %<\/td>\n101,913<\/td>\n13.05<\/td>\n14<\/td>\n1.6514 %<\/td>\n2,715.4<\/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
Performance Highlights<\/strong><\/td>\n<\/tr>\n
Issue<\/td>\nIndex<\/td>\nChange<\/td>\nNotes<\/td>\n<\/tr>\n
IFC.PR.E<\/td>\nInsurance Straight<\/td>\n-4.24 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-26
\nMaturity Price : 20.35
\nEvaluated at bid price : 20.35
\nBid-YTW : 6.43 %<\/td>\n<\/tr>\n
SLF.PR.E<\/td>\nInsurance Straight<\/td>\n-2.31 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-26
\nMaturity Price : 18.61
\nEvaluated at bid price : 18.61
\nBid-YTW : 6.09 %<\/td>\n<\/tr>\n
PWF.PR.L<\/td>\nPerpetual-Discount<\/td>\n-2.01 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-26
\nMaturity Price : 19.05
\nEvaluated at bid price : 19.05
\nBid-YTW : 6.83 %<\/td>\n<\/tr>\n
MFC.PR.C<\/td>\nInsurance Straight<\/td>\n-1.42 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-26
\nMaturity Price : 18.73
\nEvaluated at bid price : 18.73
\nBid-YTW : 6.06 %<\/td>\n<\/tr>\n
GWO.PR.I<\/td>\nInsurance Straight<\/td>\n-1.07 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-26
\nMaturity Price : 17.61
\nEvaluated at bid price : 17.61
\nBid-YTW : 6.43 %<\/td>\n<\/tr>\n
TD.PF.B<\/td>\nFixedReset Disc<\/td>\n1.01 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2024-07-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.10
\nBid-YTW : 5.47 %<\/td>\n<\/tr>\n
PWF.PR.F<\/td>\nPerpetual-Discount<\/td>\n1.02 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-26
\nMaturity Price : 19.90
\nEvaluated at bid price : 19.90
\nBid-YTW : 6.73 %<\/td>\n<\/tr>\n
FFH.PR.M<\/td>\nFixedReset Disc<\/td>\n1.02 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-26
\nMaturity Price : 23.16
\nEvaluated at bid price : 23.80
\nBid-YTW : 7.65 %<\/td>\n<\/tr>\n
CU.PR.C<\/td>\nFixedReset Disc<\/td>\n1.05 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-26
\nMaturity Price : 19.20
\nEvaluated at bid price : 19.20
\nBid-YTW : 7.50 %<\/td>\n<\/tr>\n
CM.PR.P<\/td>\nFixedReset Disc<\/td>\n1.05 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-26
\nMaturity Price : 23.29
\nEvaluated at bid price : 24.00
\nBid-YTW : 5.86 %<\/td>\n<\/tr>\n
IFC.PR.F<\/td>\nInsurance Straight<\/td>\n1.08 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-26
\nMaturity Price : 21.55
\nEvaluated at bid price : 21.55
\nBid-YTW : 6.19 %<\/td>\n<\/tr>\n
GWO.PR.L<\/td>\nInsurance Straight<\/td>\n1.21 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-26
\nMaturity Price : 21.44
\nEvaluated at bid price : 21.70
\nBid-YTW : 6.54 %<\/td>\n<\/tr>\n
MFC.PR.K<\/td>\nFixedReset Ins Non<\/td>\n1.21 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-26
\nMaturity Price : 22.51
\nEvaluated at bid price : 23.33
\nBid-YTW : 6.26 %<\/td>\n<\/tr>\n
CU.PR.I<\/td>\nFixedReset Disc<\/td>\n1.22 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-26
\nMaturity Price : 22.80
\nEvaluated at bid price : 23.24
\nBid-YTW : 7.40 %<\/td>\n<\/tr>\n
CM.PR.Q<\/td>\nFixedReset Disc<\/td>\n1.29 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-26
\nMaturity Price : 23.02
\nEvaluated at bid price : 23.55
\nBid-YTW : 6.39 %<\/td>\n<\/tr>\n
TD.PF.C<\/td>\nFixedReset Disc<\/td>\n1.36 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-26
\nMaturity Price : 23.19
\nEvaluated at bid price : 23.90
\nBid-YTW : 5.89 %<\/td>\n<\/tr>\n
IFC.PR.G<\/td>\nFixedReset Ins Non<\/td>\n1.36 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-26
\nMaturity Price : 21.90
\nEvaluated at bid price : 22.30
\nBid-YTW : 6.73 %<\/td>\n<\/tr>\n
PWF.PR.S<\/td>\nPerpetual-Discount<\/td>\n1.38 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-26
\nMaturity Price : 18.40
\nEvaluated at bid price : 18.40
\nBid-YTW : 6.65 %<\/td>\n<\/tr>\n
FFH.PR.H<\/td>\nFloatingReset<\/td>\n1.40 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-26
\nMaturity Price : 18.05
\nEvaluated at bid price : 18.05
\nBid-YTW : 10.18 %<\/td>\n<\/tr>\n
NA.PR.W<\/td>\nFixedReset Disc<\/td>\n1.41 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-26
\nMaturity Price : 21.33
\nEvaluated at bid price : 21.60
\nBid-YTW : 6.53 %<\/td>\n<\/tr>\n
FFH.PR.I<\/td>\nFixedReset Disc<\/td>\n1.41 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-26
\nMaturity Price : 17.96
\nEvaluated at bid price : 17.96
\nBid-YTW : 8.28 %<\/td>\n<\/tr>\n
CCS.PR.C<\/td>\nInsurance Straight<\/td>\n1.58 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-26
\nMaturity Price : 19.30
\nEvaluated at bid price : 19.30
\nBid-YTW : 6.52 %<\/td>\n<\/tr>\n
RY.PR.O<\/td>\nPerpetual-Discount<\/td>\n1.64 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-26
\nMaturity Price : 23.21
\nEvaluated at bid price : 23.50
\nBid-YTW : 5.26 %<\/td>\n<\/tr>\n
BN.PR.R<\/td>\nFixedReset Disc<\/td>\n1.72 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-26
\nMaturity Price : 15.97
\nEvaluated at bid price : 15.97
\nBid-YTW : 8.37 %<\/td>\n<\/tr>\n
PWF.PR.P<\/td>\nFixedReset Disc<\/td>\n1.72 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-26
\nMaturity Price : 14.75
\nEvaluated at bid price : 14.75
\nBid-YTW : 7.96 %<\/td>\n<\/tr>\n
RY.PR.M<\/td>\nFixedReset Disc<\/td>\n1.76 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-26
\nMaturity Price : 22.67
\nEvaluated at bid price : 23.10
\nBid-YTW : 6.25 %<\/td>\n<\/tr>\n
MFC.PR.M<\/td>\nFixedReset Ins Non<\/td>\n1.78 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-26
\nMaturity Price : 21.12
\nEvaluated at bid price : 21.12
\nBid-YTW : 6.81 %<\/td>\n<\/tr>\n
BN.PF.J<\/td>\nFixedReset Disc<\/td>\n1.82 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-26
\nMaturity Price : 22.00
\nEvaluated at bid price : 22.40
\nBid-YTW : 7.23 %<\/td>\n<\/tr>\n
BMO.PR.W<\/td>\nFixedReset Disc<\/td>\n1.89 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-26
\nMaturity Price : 23.39
\nEvaluated at bid price : 24.20
\nBid-YTW : 5.79 %<\/td>\n<\/tr>\n
NA.PR.S<\/td>\nFixedReset Disc<\/td>\n1.93 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-26
\nMaturity Price : 22.69
\nEvaluated at bid price : 23.80
\nBid-YTW : 6.28 %<\/td>\n<\/tr>\n
TD.PF.E<\/td>\nFixedReset Disc<\/td>\n1.94 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-26
\nMaturity Price : 23.14
\nEvaluated at bid price : 23.60
\nBid-YTW : 6.41 %<\/td>\n<\/tr>\n
FTS.PR.M<\/td>\nFixedReset Disc<\/td>\n2.00 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-26
\nMaturity Price : 19.36
\nEvaluated at bid price : 19.36
\nBid-YTW : 7.61 %<\/td>\n<\/tr>\n
GWO.PR.Q<\/td>\nInsurance Straight<\/td>\n2.01 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-26
\nMaturity Price : 19.76
\nEvaluated at bid price : 19.76
\nBid-YTW : 6.56 %<\/td>\n<\/tr>\n
SLF.PR.J<\/td>\nFloatingReset<\/td>\n2.04 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-26
\nMaturity Price : 17.00
\nEvaluated at bid price : 17.00
\nBid-YTW : 9.09 %<\/td>\n<\/tr>\n
GWO.PR.N<\/td>\nFixedReset Ins Non<\/td>\n2.12 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-26
\nMaturity Price : 14.45
\nEvaluated at bid price : 14.45
\nBid-YTW : 7.60 %<\/td>\n<\/tr>\n
MFC.PR.Q<\/td>\nFixedReset Ins Non<\/td>\n2.22 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-26
\nMaturity Price : 22.34
\nEvaluated at bid price : 23.00
\nBid-YTW : 6.50 %<\/td>\n<\/tr>\n
SLF.PR.G<\/td>\nFixedReset Ins Non<\/td>\n2.28 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-26
\nMaturity Price : 16.62
\nEvaluated at bid price : 16.62
\nBid-YTW : 6.96 %<\/td>\n<\/tr>\n
POW.PR.C<\/td>\nPerpetual-Discount<\/td>\n2.33 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-26
\nMaturity Price : 21.75
\nEvaluated at bid price : 22.00
\nBid-YTW : 6.61 %<\/td>\n<\/tr>\n
MFC.PR.F<\/td>\nFixedReset Ins Non<\/td>\n2.49 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-26
\nMaturity Price : 16.47
\nEvaluated at bid price : 16.47
\nBid-YTW : 6.84 %<\/td>\n<\/tr>\n
NA.PR.E<\/td>\nFixedReset Disc<\/td>\n2.50 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-26
\nMaturity Price : 22.77
\nEvaluated at bid price : 23.80
\nBid-YTW : 6.30 %<\/td>\n<\/tr>\n
BN.PF.E<\/td>\nFixedReset Disc<\/td>\n2.53 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-26
\nMaturity Price : 18.25
\nEvaluated at bid price : 18.25
\nBid-YTW : 8.03 %<\/td>\n<\/tr>\n
FTS.PR.K<\/td>\nFixedReset Disc<\/td>\n2.72 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-26
\nMaturity Price : 19.26
\nEvaluated at bid price : 19.26
\nBid-YTW : 7.19 %<\/td>\n<\/tr>\n
RY.PR.N<\/td>\nPerpetual-Discount<\/td>\n2.79 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-26
\nMaturity Price : 23.67
\nEvaluated at bid price : 23.95
\nBid-YTW : 5.16 %<\/td>\n<\/tr>\n
BIP.PR.E<\/td>\nFixedReset Disc<\/td>\n2.84 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-26
\nMaturity Price : 21.42
\nEvaluated at bid price : 21.75
\nBid-YTW : 7.49 %<\/td>\n<\/tr>\n
FTS.PR.G<\/td>\nFixedReset Disc<\/td>\n2.94 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-26
\nMaturity Price : 21.00
\nEvaluated at bid price : 21.00
\nBid-YTW : 6.89 %<\/td>\n<\/tr>\n
FTS.PR.H<\/td>\nFixedReset Disc<\/td>\n2.96 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-26
\nMaturity Price : 14.95
\nEvaluated at bid price : 14.95
\nBid-YTW : 7.83 %<\/td>\n<\/tr>\n
IFC.PR.C<\/td>\nFixedReset Ins Non<\/td>\n3.08 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-26
\nMaturity Price : 20.10
\nEvaluated at bid price : 20.10
\nBid-YTW : 7.07 %<\/td>\n<\/tr>\n
PWF.PR.T<\/td>\nFixedReset Disc<\/td>\n4.13 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-26
\nMaturity Price : 21.45
\nEvaluated at bid price : 21.45
\nBid-YTW : 6.81 %<\/td>\n<\/tr>\n
BN.PF.I<\/td>\nFixedReset Disc<\/td>\n4.16 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-26
\nMaturity Price : 21.45
\nEvaluated at bid price : 21.80
\nBid-YTW : 7.92 %<\/td>\n<\/tr>\n
MFC.PR.N<\/td>\nFixedReset Ins Non<\/td>\n4.91 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-26
\nMaturity Price : 20.72
\nEvaluated at bid price : 20.72
\nBid-YTW : 6.82 %<\/td>\n<\/tr>\n
BN.PR.T<\/td>\nFixedReset Disc<\/td>\n6.64 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-26
\nMaturity Price : 16.05
\nEvaluated at bid price : 16.05
\nBid-YTW : 8.34 %<\/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
RY.PR.H<\/td>\nFixedReset Disc<\/td>\n2,820,761<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-26
\nMaturity Price : 24.13
\nEvaluated at bid price : 24.99
\nBid-YTW : 5.67 %<\/td>\n<\/tr>\n
TD.PF.B<\/td>\nFixedReset Disc<\/td>\n378,257<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2024-07-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.10
\nBid-YTW : 5.47 %<\/td>\n<\/tr>\n
PWF.PR.G<\/td>\nPerpetual-Discount<\/td>\n321,993<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-26
\nMaturity Price : 22.06
\nEvaluated at bid price : 22.35
\nBid-YTW : 6.72 %<\/td>\n<\/tr>\n
TD.PF.C<\/td>\nFixedReset Disc<\/td>\n105,942<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-26
\nMaturity Price : 23.19
\nEvaluated at bid price : 23.90
\nBid-YTW : 5.89 %<\/td>\n<\/tr>\n
TD.PF.A<\/td>\nFixedReset Disc<\/td>\n96,254<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-26
\nMaturity Price : 23.72
\nEvaluated at bid price : 24.53
\nBid-YTW : 5.75 %<\/td>\n<\/tr>\n
CM.PR.O<\/td>\nFixedReset Disc<\/td>\n45,656<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2024-07-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.10
\nBid-YTW : 5.56 %<\/td>\n<\/tr>\n
There were 16 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
CU.PR.C<\/td>\nFixedReset Disc<\/td>\nQuote: 19.20 – 21.99
\nSpot Rate : 2.7900
\nAverage : 2.1557<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-26
\nMaturity Price : 19.20
\nEvaluated at bid price : 19.20
\nBid-YTW : 7.50 %<\/td>\n<\/tr>\n

RY.PR.M<\/td>\nFixedReset Disc<\/td>\nQuote: 23.10 – 24.50
\nSpot Rate : 1.4000
\nAverage : 0.8808<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-26
\nMaturity Price : 22.67
\nEvaluated at bid price : 23.10
\nBid-YTW : 6.25 %<\/td>\n<\/tr>\n

BN.PF.F<\/td>\nFixedReset Disc<\/td>\nQuote: 19.45 – 20.99
\nSpot Rate : 1.5400
\nAverage : 1.0782<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-26
\nMaturity Price : 19.45
\nEvaluated at bid price : 19.45
\nBid-YTW : 8.07 %<\/td>\n<\/tr>\n

TD.PF.E<\/td>\nFixedReset Disc<\/td>\nQuote: 23.60 – 25.00
\nSpot Rate : 1.4000
\nAverage : 0.9605<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-26
\nMaturity Price : 23.14
\nEvaluated at bid price : 23.60
\nBid-YTW : 6.41 %<\/td>\n<\/tr>\n

FTS.PR.M<\/td>\nFixedReset Disc<\/td>\nQuote: 19.36 – 20.45
\nSpot Rate : 1.0900
\nAverage : 0.6585<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-26
\nMaturity Price : 19.36
\nEvaluated at bid price : 19.36
\nBid-YTW : 7.61 %<\/td>\n<\/tr>\n

GWO.PR.R<\/td>\nInsurance Straight<\/td>\nQuote: 18.53 – 19.88
\nSpot Rate : 1.3500
\nAverage : 0.9630<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-06-26
\nMaturity Price : 18.53
\nEvaluated at bid price : 18.53
\nBid-YTW : 6.52 %<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

TXPR closed at 589.62, up 0.96% on the day. Volume today was 4.75-million, second-highest of the past 21 trading days. CPD closed at 11.705, up 0.99% on the day. Volume was 89,520, third-highest of the …<\/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-46984","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/46984","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=46984"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/46984\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=46984"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=46984"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=46984"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}