{"id":47571,"date":"2024-11-07T19:59:10","date_gmt":"2024-11-08T00:59:10","guid":{"rendered":"https:\/\/prefblog.com\/?p=47571"},"modified":"2024-11-07T19:59:10","modified_gmt":"2024-11-08T00:59:10","slug":"november-7-2024","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=47571","title":{"rendered":"November 7, 2024"},"content":{"rendered":"<p>The <a href=\"https:\/\/www.federalreserve.gov\/newsevents\/pressreleases\/monetary20241107a.htm\">FOMC eased 25bp to 4.50%<\/a>:<\/p>\n<blockquote><p>Recent indicators suggest that economic activity has continued to expand at a solid pace. Since earlier in the year, labor market conditions have generally eased, and the unemployment rate has moved up but remains low. Inflation has made progress toward the Committee&#8217;s 2 percent objective but remains somewhat elevated.<\/p>\n<p>The Committee seeks to achieve maximum employment and inflation at the rate of 2 percent over the longer run. The Committee judges that the risks to achieving its employment and inflation goals are roughly in balance. The economic outlook is uncertain, and the Committee is attentive to the risks to both sides of its dual mandate.<\/p>\n<p>In support of its goals, the Committee decided to lower the target range for the federal funds rate by 1\/4 percentage point to 4-1\/2 to 4-3\/4 percent. In considering additional adjustments to the target range for the federal funds rate, the Committee will carefully assess incoming data, the evolving outlook, and the balance of risks. The Committee will continue reducing its holdings of Treasury securities and agency debt and agency mortgage\u2011backed securities. The Committee is strongly committed to supporting maximum employment and returning inflation to its 2 percent objective.<\/p>\n<p>In assessing the appropriate stance of monetary policy, the Committee will continue to monitor the implications of incoming information for the economic outlook. The Committee would be prepared to adjust the stance of monetary policy as appropriate if risks emerge that could impede the attainment of the Committee&#8217;s goals. The Committee&#8217;s assessments will take into account a wide range of information, including readings on labor market conditions, inflation pressures and inflation expectations, and financial and international developments.<\/p>\n<p>Voting for the monetary policy action were Jerome H. Powell, Chair; John C. Williams, Vice Chair; Thomas I. Barkin; Michael S. Barr; Raphael W. Bostic; Michelle W. Bowman; Lisa D. Cook; Mary C. Daly; Beth M. Hammack; Philip N. Jefferson; Adriana D. Kugler; and Christopher J. Waller.<\/p><\/blockquote>\n<p>&#8230; <a href=\"https:\/\/www.theglobeandmail.com\/investing\/markets\/inside-the-market\/market-news\/article-premarket-stocks-rise-treasuries-under-pressure-as-trump-impact\/\">and equities responded<\/a>:<\/p>\n<blockquote><p>The S&#038;P 500 and S&#038;P\/TSX Composite indexes both closed at record highs on Thursday after the Federal Reserve announced a cut of 25 basis points in interest rates, extending a sharp rally sparked by Donald Trump\u2019s return as U.S. president. Bond yields reversed course from Wednesday, however, and were lower for the session in both the U.S. and Canada.<\/p>\n<p>It was the first record high close for the Canadian benchmark stock index since Oct. 17.<br \/><b>&#8230;<\/b><br \/>Investor expectations that Trump would lower corporate taxes and loosen regulations sparked a surge in each of the three major indexes in the prior session, with both the Dow Industrials and S&#038;P 500 recording their largest one-day percentage jumps in two years.<br \/><b>&#8230;<\/b><br \/>Treasury yields, which have surged in recent weeks, retreated after a sharp rise on Wednesday, as the U.S. benchmark 10-year yield eased from a four-month high of 4.479% to 4.332% by late day.<\/p>\n<p>Expectations for continued U.S. rate cuts have been dialed back recently, however, as economic data continues to point to a resilient economy and the potential for higher inflation as a result of likely tariffs and increased government spending under Trump\u2019s administration.<\/p>\n<p>Fed Chair Jerome Powell said no decision has been made on what sort of policy action the central bank will take in December but the central bank is \u201cprepared to adjust our assessment of the appropriate pace and destination\u201d for monetary policy amid uncertainty.<\/p><\/blockquote>\n<p>Meanwhile, <a href=\"https:\/\/www.cnn.com\/2024\/11\/07\/politics\/trump-fed-chair\/index.html\">Powell faces questions about his job security<\/a>:<\/p>\n<blockquote><p>President-elect Donald Trump remains likely to allow Federal Reserve Chair Jerome Powell to serve out the remainder of his term, which expires in May 2026, according to a senior adviser to Trump who requested anonymity to describe private conversations.<\/p>\n<p>The adviser cautioned that Trump could always change his mind, but his present view \u2014 and that of Trump\u2019s economic team \u2014 is that Powell should remain atop the central bank as it pursues its policy of cutting interest rates. Trump in July told Bloomberg he had intended to keep Powell in his role at least for the duration of his term.<\/p>\n<p>Still, Powell was peppered with questions about his job security during his first post-election press conference Thursday. Powell issued a terse \u201cNo\u201d in response to a question about whether he would leave his Fed post before his term is up if President-elect Donald Trump asked him to. Powell later clarified that he believes Trump cannot fire him.<\/p>\n<p>\u201dNot permitted under the law,\u201d Powell said.<\/p><\/blockquote>\n<table border='1'>\n<tr>\n<td colspan='8'><strong>HIMIPref&trade; Preferred Indices<br \/>These values reflect the December 2008 revision of the HIMIPref&trade; Indices<\/strong><br \/>Values are provisional and are finalized monthly<\/td>\n<\/tr>\n<tr>\n<td>Index<\/td>\n<td>Mean<br \/>Current<br \/>Yield<br \/>(at bid)<\/td>\n<td>Median<br \/>YTW<\/td>\n<td>Median<br \/>Average<br \/>Trading<br \/>Value<\/td>\n<td>Median<br \/>Mod Dur<br \/>(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>0.1278 %<\/td>\n<td>2,148.4<\/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>0.1278 %<\/td>\n<td>4,120.5<\/td>\n<\/tr>\n<tr>\n<td>Floater<\/td>\n<td>8.86 %<\/td>\n<td>9.38 %<\/td>\n<td>33,387<\/td>\n<td>10.01<\/td>\n<td>4<\/td>\n<td>0.1278 %<\/td>\n<td>2,374.7<\/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>0.2215 %<\/td>\n<td>3,595.8<\/td>\n<\/tr>\n<tr>\n<td>SplitShare<\/td>\n<td>4.80 %<\/td>\n<td>5.38 %<\/td>\n<td>66,610<\/td>\n<td>2.15<\/td>\n<td>6<\/td>\n<td>0.2215 %<\/td>\n<td>4,294.2<\/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>0.2215 %<\/td>\n<td>3,350.5<\/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>-0.0341 %<\/td>\n<td>2,791.0<\/td>\n<\/tr>\n<tr>\n<td>Perpetual-Discount<\/td>\n<td>6.17 %<\/td>\n<td>6.26 %<\/td>\n<td>51,704<\/td>\n<td>13.51<\/td>\n<td>31<\/td>\n<td>-0.0341 %<\/td>\n<td>3,043.5<\/td>\n<\/tr>\n<tr>\n<td>FixedReset Disc<\/td>\n<td>5.58 %<\/td>\n<td>7.08 %<\/td>\n<td>96,112<\/td>\n<td>12.31<\/td>\n<td>58<\/td>\n<td>-0.0567 %<\/td>\n<td>2,647.9<\/td>\n<\/tr>\n<tr>\n<td>Insurance Straight<\/td>\n<td>6.03 %<\/td>\n<td>6.17 %<\/td>\n<td>68,031<\/td>\n<td>13.62<\/td>\n<td>21<\/td>\n<td>1.2870 %<\/td>\n<td>3,002.9<\/td>\n<\/tr>\n<tr>\n<td>FloatingReset<\/td>\n<td>7.70 %<\/td>\n<td>7.40 %<\/td>\n<td>27,222<\/td>\n<td>11.99<\/td>\n<td>2<\/td>\n<td>0.1236 %<\/td>\n<td>2,837.8<\/td>\n<\/tr>\n<tr>\n<td>FixedReset Prem<\/td>\n<td>6.40 %<\/td>\n<td>5.57 %<\/td>\n<td>176,762<\/td>\n<td>3.73<\/td>\n<td>7<\/td>\n<td>-0.0442 %<\/td>\n<td>2,585.9<\/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>-0.0567 %<\/td>\n<td>2,706.7<\/td>\n<\/tr>\n<tr>\n<td>FixedReset Ins Non<\/td>\n<td>5.30 %<\/td>\n<td>6.29 %<\/td>\n<td>80,837<\/td>\n<td>13.43<\/td>\n<td>14<\/td>\n<td>0.0383 %<\/td>\n<td>2,769.9<\/td>\n<\/tr>\n<\/table>\n<table border='1'>\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.PF.B<\/td>\n<td>FixedReset Disc<\/td>\n<td>-7.41 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2054-11-07<br \/>\nMaturity Price  : 19.00<br \/>\nEvaluated at bid price : 19.00<br \/>\nBid-YTW : 7.83 %<\/td>\n<\/tr>\n<tr>\n<td>BN.PR.N<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-5.56 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2054-11-07<br \/>\nMaturity Price  : 17.00<br \/>\nEvaluated at bid price : 17.00<br \/>\nBid-YTW : 7.11 %<\/td>\n<\/tr>\n<tr>\n<td>GWO.PR.Q<\/td>\n<td>Insurance Straight<\/td>\n<td>-5.44 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2054-11-07<br \/>\nMaturity Price  : 20.00<br \/>\nEvaluated at bid price : 20.00<br \/>\nBid-YTW : 6.54 %<\/td>\n<\/tr>\n<tr>\n<td>ENB.PR.D<\/td>\n<td>FixedReset Disc<\/td>\n<td>-2.23 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2054-11-07<br \/>\nMaturity Price  : 17.50<br \/>\nEvaluated at bid price : 17.50<br \/>\nBid-YTW : 7.95 %<\/td>\n<\/tr>\n<tr>\n<td>BIP.PR.E<\/td>\n<td>FixedReset Disc<\/td>\n<td>-2.17 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2054-11-07<br \/>\nMaturity Price  : 22.08<br \/>\nEvaluated at bid price : 22.50<br \/>\nBid-YTW : 6.99 %<\/td>\n<\/tr>\n<tr>\n<td>GWO.PR.I<\/td>\n<td>Insurance Straight<\/td>\n<td>-1.92 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2054-11-07<br \/>\nMaturity Price  : 18.40<br \/>\nEvaluated at bid price : 18.40<br \/>\nBid-YTW : 6.21 %<\/td>\n<\/tr>\n<tr>\n<td>FTS.PR.K<\/td>\n<td>FixedReset Disc<\/td>\n<td>-1.70 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2054-11-07<br \/>\nMaturity Price  : 19.70<br \/>\nEvaluated at bid price : 19.70<br \/>\nBid-YTW : 6.77 %<\/td>\n<\/tr>\n<tr>\n<td>CCS.PR.C<\/td>\n<td>Insurance Straight<\/td>\n<td>-1.61 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2054-11-07<br \/>\nMaturity Price  : 20.76<br \/>\nEvaluated at bid price : 20.76<br \/>\nBid-YTW : 6.11 %<\/td>\n<\/tr>\n<tr>\n<td>BN.PR.R<\/td>\n<td>FixedReset Disc<\/td>\n<td>-1.61 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2054-11-07<br \/>\nMaturity Price  : 16.52<br \/>\nEvaluated at bid price : 16.52<br \/>\nBid-YTW : 7.81 %<\/td>\n<\/tr>\n<tr>\n<td>BN.PF.J<\/td>\n<td>FixedReset Disc<\/td>\n<td>-1.60 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2054-11-07<br \/>\nMaturity Price  : 21.85<br \/>\nEvaluated at bid price : 22.15<br \/>\nBid-YTW : 7.08 %<\/td>\n<\/tr>\n<tr>\n<td>GWO.PR.R<\/td>\n<td>Insurance Straight<\/td>\n<td>-1.56 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2054-11-07<br \/>\nMaturity Price  : 19.59<br \/>\nEvaluated at bid price : 19.59<br \/>\nBid-YTW : 6.22 %<\/td>\n<\/tr>\n<tr>\n<td>SLF.PR.H<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>-1.37 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2054-11-07<br \/>\nMaturity Price  : 18.00<br \/>\nEvaluated at bid price : 18.00<br \/>\nBid-YTW : 6.92 %<\/td>\n<\/tr>\n<tr>\n<td>FFH.PR.F<\/td>\n<td>FloatingReset<\/td>\n<td>-1.14 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2054-11-07<br \/>\nMaturity Price  : 17.40<br \/>\nEvaluated at bid price : 17.40<br \/>\nBid-YTW : 8.41 %<\/td>\n<\/tr>\n<tr>\n<td>GWO.PR.Y<\/td>\n<td>Insurance Straight<\/td>\n<td>-1.02 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2054-11-07<br \/>\nMaturity Price  : 18.49<br \/>\nEvaluated at bid price : 18.49<br \/>\nBid-YTW : 6.18 %<\/td>\n<\/tr>\n<tr>\n<td>PVS.PR.J<\/td>\n<td>SplitShare<\/td>\n<td>1.04 %<\/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 : 24.25<br \/>\nBid-YTW : 5.69 %<\/td>\n<\/tr>\n<tr>\n<td>FFH.PR.D<\/td>\n<td>FloatingReset<\/td>\n<td>1.09 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2054-11-07<br \/>\nMaturity Price  : 22.83<br \/>\nEvaluated at bid price : 23.10<br \/>\nBid-YTW : 7.40 %<\/td>\n<\/tr>\n<tr>\n<td>CU.PR.I<\/td>\n<td>FixedReset Disc<\/td>\n<td>1.23 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Call<br \/>\nMaturity Date\t: 2025-12-01<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 24.45<br \/>\nBid-YTW : 6.42 %<\/td>\n<\/tr>\n<tr>\n<td>BIP.PR.F<\/td>\n<td>FixedReset Disc<\/td>\n<td>1.52 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2054-11-07<br \/>\nMaturity Price  : 22.12<br \/>\nEvaluated at bid price : 22.65<br \/>\nBid-YTW : 6.84 %<\/td>\n<\/tr>\n<tr>\n<td>PWF.PR.Z<\/td>\n<td>Perpetual-Discount<\/td>\n<td>1.92 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2054-11-07<br \/>\nMaturity Price  : 20.66<br \/>\nEvaluated at bid price : 20.66<br \/>\nBid-YTW : 6.29 %<\/td>\n<\/tr>\n<tr>\n<td>BN.PR.X<\/td>\n<td>FixedReset Disc<\/td>\n<td>2.56 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2054-11-07<br \/>\nMaturity Price  : 15.64<br \/>\nEvaluated at bid price : 15.64<br \/>\nBid-YTW : 7.83 %<\/td>\n<\/tr>\n<tr>\n<td>PWF.PR.L<\/td>\n<td>Perpetual-Discount<\/td>\n<td>2.75 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2054-11-07<br \/>\nMaturity Price  : 20.55<br \/>\nEvaluated at bid price : 20.55<br \/>\nBid-YTW : 6.26 %<\/td>\n<\/tr>\n<tr>\n<td>FFH.PR.K<\/td>\n<td>FixedReset Disc<\/td>\n<td>2.79 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2054-11-07<br \/>\nMaturity Price  : 21.66<br \/>\nEvaluated at bid price : 22.10<br \/>\nBid-YTW : 7.22 %<\/td>\n<\/tr>\n<tr>\n<td>CU.PR.C<\/td>\n<td>FixedReset Disc<\/td>\n<td>3.62 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2054-11-07<br \/>\nMaturity Price  : 20.40<br \/>\nEvaluated at bid price : 20.40<br \/>\nBid-YTW : 6.66 %<\/td>\n<\/tr>\n<tr>\n<td>CU.PR.J<\/td>\n<td>Perpetual-Discount<\/td>\n<td>4.03 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2054-11-07<br \/>\nMaturity Price  : 19.26<br \/>\nEvaluated at bid price : 19.26<br \/>\nBid-YTW : 6.18 %<\/td>\n<\/tr>\n<tr>\n<td>GWO.PR.G<\/td>\n<td>Insurance Straight<\/td>\n<td>4.67 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2054-11-07<br \/>\nMaturity Price  : 21.30<br \/>\nEvaluated at bid price : 21.30<br \/>\nBid-YTW : 6.20 %<\/td>\n<\/tr>\n<tr>\n<td>BN.PF.F<\/td>\n<td>FixedReset Disc<\/td>\n<td>5.79 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2054-11-07<br \/>\nMaturity Price  : 20.10<br \/>\nEvaluated at bid price : 20.10<br \/>\nBid-YTW : 7.46 %<\/td>\n<\/tr>\n<tr>\n<td>SLF.PR.D<\/td>\n<td>Insurance Straight<\/td>\n<td>18.18 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2054-11-07<br \/>\nMaturity Price  : 19.50<br \/>\nEvaluated at bid price : 19.50<br \/>\nBid-YTW : 5.79 %<\/td>\n<\/tr>\n<tr>\n<td>GWO.PR.T<\/td>\n<td>Insurance Straight<\/td>\n<td>22.78 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2054-11-07<br \/>\nMaturity Price  : 21.18<br \/>\nEvaluated at bid price : 21.18<br \/>\nBid-YTW : 6.17 %<\/td>\n<\/tr>\n<\/table>\n<table border='1'>\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 \/>Traded<\/td>\n<td>Notes<\/td>\n<\/tr>\n<tr>\n<td>CM.PR.S<\/td>\n<td>FixedReset Disc<\/td>\n<td>381,004<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2054-11-07<br \/>\nMaturity Price  : 24.97<br \/>\nEvaluated at bid price : 24.97<br \/>\nBid-YTW : 5.64 %<\/td>\n<\/tr>\n<tr>\n<td>FFH.PR.C<\/td>\n<td>FixedReset Disc<\/td>\n<td>63,279<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2054-11-07<br \/>\nMaturity Price  : 22.33<br \/>\nEvaluated at bid price : 23.10<br \/>\nBid-YTW : 6.76 %<\/td>\n<\/tr>\n<tr>\n<td>ENB.PR.N<\/td>\n<td>FixedReset Disc<\/td>\n<td>24,250<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2054-11-07<br \/>\nMaturity Price  : 21.42<br \/>\nEvaluated at bid price : 21.42<br \/>\nBid-YTW : 7.17 %<\/td>\n<\/tr>\n<tr>\n<td>ENB.PR.Y<\/td>\n<td>FixedReset Disc<\/td>\n<td>22,179<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2054-11-07<br \/>\nMaturity Price  : 17.55<br \/>\nEvaluated at bid price : 17.55<br \/>\nBid-YTW : 7.87 %<\/td>\n<\/tr>\n<tr>\n<td>BMO.PR.W<\/td>\n<td>FixedReset Disc<\/td>\n<td>20,500<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Call<br \/>\nMaturity Date\t: 2024-12-25<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 24.95<br \/>\nBid-YTW : 4.87 %<\/td>\n<\/tr>\n<tr>\n<td>TD.PF.C<\/td>\n<td>FixedReset Disc<\/td>\n<td>20,500<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2054-11-07<br \/>\nMaturity Price  : 22.44<br \/>\nEvaluated at bid price : 23.32<br \/>\nBid-YTW : 5.66 %<\/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<\/table>\n<table border='1'>\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>BN.PR.N<\/td>\n<td>Perpetual-Discount<\/td>\n<td>Quote: 17.00 &#8211; 19.06<br \/>\nSpot Rate  :  2.0600<br \/>\nAverage  :  1.4489<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2054-11-07<br \/>\nMaturity Price  : 17.00<br \/>\nEvaluated at bid price : 17.00<br \/>\nBid-YTW : 7.11 %<\/td>\n<\/tr>\n<tr>\n<td>BN.PF.B<\/td>\n<td>FixedReset Disc<\/td>\n<td>Quote: 19.00 &#8211; 20.65<br \/>\nSpot Rate  :  1.6500<br \/>\nAverage  :  1.0652<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2054-11-07<br \/>\nMaturity Price  : 19.00<br \/>\nEvaluated at bid price : 19.00<br \/>\nBid-YTW : 7.83 %<\/td>\n<\/tr>\n<tr>\n<td>GWO.PR.Q<\/td>\n<td>Insurance Straight<\/td>\n<td>Quote: 20.00 &#8211; 21.25<br \/>\nSpot Rate  :  1.2500<br \/>\nAverage  :  0.7079<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2054-11-07<br \/>\nMaturity Price  : 20.00<br \/>\nEvaluated at bid price : 20.00<br \/>\nBid-YTW : 6.54 %<\/td>\n<\/tr>\n<tr>\n<td>PWF.PR.O<\/td>\n<td>Perpetual-Discount<\/td>\n<td>Quote: 23.05 &#8211; 24.02<br \/>\nSpot Rate  :  0.9700<br \/>\nAverage  :  0.6019<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2054-11-07<br \/>\nMaturity Price  : 22.77<br \/>\nEvaluated at bid price : 23.05<br \/>\nBid-YTW : 6.33 %<\/td>\n<\/tr>\n<tr>\n<td>PWF.PR.F<\/td>\n<td>Perpetual-Discount<\/td>\n<td>Quote: 21.12 &#8211; 22.30<br \/>\nSpot Rate  :  1.1800<br \/>\nAverage  :  0.8158<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2054-11-07<br \/>\nMaturity Price  : 21.12<br \/>\nEvaluated at bid price : 21.12<br \/>\nBid-YTW : 6.27 %<\/td>\n<\/tr>\n<tr>\n<td>PWF.PR.S<\/td>\n<td>Perpetual-Discount<\/td>\n<td>Quote: 17.00 &#8211; 20.00<br \/>\nSpot Rate  :  3.0000<br \/>\nAverage  :  2.6981<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2054-11-07<br \/>\nMaturity Price  : 17.00<br \/>\nEvaluated at bid price : 17.00<br \/>\nBid-YTW : 7.13 %<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>The FOMC eased 25bp to 4.50%: Recent indicators suggest that economic activity has continued to expand at a solid pace. Since earlier in the year, labor market conditions have generally eased, and the unemployment rate &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-47571","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/47571","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=47571"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/47571\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=47571"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=47571"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=47571"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}