{"id":48107,"date":"2017-02-21T10:36:00","date_gmt":"2017-02-21T15:36:00","guid":{"rendered":"https:\/\/prefblog.com\/?p=48107"},"modified":"2025-07-10T10:36:38","modified_gmt":"2025-07-10T14:36:38","slug":"february-21-2017","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=48107","title":{"rendered":"February 21, 2017"},"content":{"rendered":"<p>You know, if Trump can <a href=\"https:\/\/web.archive.org\/web\/20190119205434\/https:\/\/www.bloomberg.com\/news\/articles\/2017-02-21\/spoiling-for-fight-with-canada-u-s-dairies-push-for-trump-deal\">put a dent in supply management<\/a>, I&#8217;ll forgive him one of his lies:<\/p>\n<blockquote><p>While growers and exporters of U.S. crops and food products have expressed anxiety over Trump\u2019s restrictive immigration policies and determination to renegotiate trade deals, dairies see him as an opportunity to crack what they see as Canada\u2019s protectionist milk practices and to help ease oversupply in some regions.<\/p>\n<p>A key battleground is the little known market for ultrafiltered milk, a concentrated ingredient used to boost protein content in cheese and yogurt. Canada is creating incentives for processors to buy from domestic manufacturers. U.S. producers say that could be a disaster, and they allege the new policy would violate trade agreements. Companies in Wisconsin and New York alone might lose $150 million in sales north of the border.<\/p>\n<\/blockquote>\n<p>The Globe <a href=\"https:\/\/web.archive.org\/web\/20190119205434\/http:\/\/www.theglobeandmail.com\/report-on-business\/top-business-stories\/define-bubble-when-even-pigs-are-flying-in-toronto-area-housing-market\/article34089215\/\">republished a housing affordability index from Fitch<\/a>:<\/p>\n<div align=\"center\"><a href=\"https:\/\/web.archive.org\/web\/20190119205434\/http:\/\/prefblog.com\/wp-content\/uploads\/2017\/02\/houseAffordability_170221.jpg\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/web.archive.org\/web\/20190119205434im_\/http:\/\/prefblog.com\/wp-content\/uploads\/2017\/02\/houseAffordability_170221-300x173.jpg\" alt=\"houseaffordability_170221\" width=\"400\" height=\"231\" class=\"alignnone size-medium wp-image-34365\" srcset=\"https:\/\/web.archive.org\/web\/20190119205434im_\/http:\/\/prefblog.com\/wp-content\/uploads\/2017\/02\/houseAffordability_170221-300x173.jpg 300w, https:\/\/web.archive.org\/web\/20190119205434im_\/http:\/\/prefblog.com\/wp-content\/uploads\/2017\/02\/houseAffordability_170221-768x444.jpg 768w, https:\/\/web.archive.org\/web\/20190119205434im_\/http:\/\/prefblog.com\/wp-content\/uploads\/2017\/02\/houseAffordability_170221-1024x592.jpg 1024w\" sizes=\"auto, (max-width: 400px) 100vw, 400px\"\/><\/a><br \/><i>Click for Big<\/i><\/div>\n<p>I have problems with this kind of graph: it looks at the income per capita for the whole population, instead of just the upper two-thirds who have historically been the owners among us. While I am sure that Price to Income ratio will still increase once the &#8220;income&#8221; is defined according to the upper two thirds, I am also sure &#8211; given rising income inequality &#8211; that the increase will be less dramatic.<\/p>\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>0.4699 %<\/td>\n<td>2,049.9<\/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>0.4699 %<\/td>\n<td>3,761.5<\/td>\n<\/tr>\n<tr>\n<td>Floater<\/td>\n<td>3.68 %<\/td>\n<td>3.91 %<\/td>\n<td>55,639<\/td>\n<td>17.56<\/td>\n<td>4<\/td>\n<td>0.4699 %<\/td>\n<td>2,167.8<\/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>0.0888 %<\/td>\n<td>2,986.8<\/td>\n<\/tr>\n<tr>\n<td>SplitShare<\/td>\n<td>4.73 %<\/td>\n<td>4.12 %<\/td>\n<td>59,314<\/td>\n<td>0.78<\/td>\n<td>4<\/td>\n<td>0.0888 %<\/td>\n<td>3,566.9<\/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>0.0888 %<\/td>\n<td>2,783.1<\/td>\n<\/tr>\n<tr>\n<td>Perpetual-Premium<\/td>\n<td>5.41 %<\/td>\n<td>-9.13 %<\/td>\n<td>74,238<\/td>\n<td>0.09<\/td>\n<td>16<\/td>\n<td>0.1856 %<\/td>\n<td>2,738.4<\/td>\n<\/tr>\n<tr>\n<td>Perpetual-Discount<\/td>\n<td>5.17 %<\/td>\n<td>5.16 %<\/td>\n<td>101,171<\/td>\n<td>15.02<\/td>\n<td>22<\/td>\n<td>-0.0191 %<\/td>\n<td>2,907.0<\/td>\n<\/tr>\n<tr>\n<td>FixedReset<\/td>\n<td>4.44 %<\/td>\n<td>4.10 %<\/td>\n<td>232,062<\/td>\n<td>6.79<\/td>\n<td>97<\/td>\n<td>0.8960 %<\/td>\n<td>2,321.5<\/td>\n<\/tr>\n<tr>\n<td>Deemed-Retractible<\/td>\n<td>5.03 %<\/td>\n<td>3.49 %<\/td>\n<td>125,871<\/td>\n<td>0.11<\/td>\n<td>31<\/td>\n<td>0.0040 %<\/td>\n<td>2,844.2<\/td>\n<\/tr>\n<tr>\n<td>FloatingReset<\/td>\n<td>2.48 %<\/td>\n<td>3.17 %<\/td>\n<td>53,338<\/td>\n<td>4.66<\/td>\n<td>9<\/td>\n<td>0.4987 %<\/td>\n<td>2,472.4<\/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>MFC.PR.G<\/td>\n<td>FixedReset<\/td>\n<td>1.03 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Hard Maturity<br \/>\nMaturity Date\t: 2025-01-31<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 23.47<br \/>\nBid-YTW : 4.85 %<\/td>\n<\/tr>\n<tr>\n<td>TD.PF.D<\/td>\n<td>FixedReset<\/td>\n<td>1.08 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2047-02-21<br \/>\nMaturity Price  : 22.64<br \/>\nEvaluated at bid price : 23.44<br \/>\nBid-YTW : 4.08 %<\/td>\n<\/tr>\n<tr>\n<td>PWF.PR.T<\/td>\n<td>FixedReset<\/td>\n<td>1.11 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2047-02-21<br \/>\nMaturity Price  : 22.52<br \/>\nEvaluated at bid price : 22.85<br \/>\nBid-YTW : 3.89 %<\/td>\n<\/tr>\n<tr>\n<td>BMO.PR.S<\/td>\n<td>FixedReset<\/td>\n<td>1.15 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2047-02-21<br \/>\nMaturity Price  : 21.61<br \/>\nEvaluated at bid price : 22.03<br \/>\nBid-YTW : 3.96 %<\/td>\n<\/tr>\n<tr>\n<td>SLF.PR.I<\/td>\n<td>FixedReset<\/td>\n<td>1.16 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Hard Maturity<br \/>\nMaturity Date\t: 2025-01-31<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 23.48<br \/>\nBid-YTW : 4.70 %<\/td>\n<\/tr>\n<tr>\n<td>IFC.PR.C<\/td>\n<td>FixedReset<\/td>\n<td>1.17 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Hard Maturity<br \/>\nMaturity Date\t: 2025-01-31<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 21.70<br \/>\nBid-YTW : 5.69 %<\/td>\n<\/tr>\n<tr>\n<td>BMO.PR.Y<\/td>\n<td>FixedReset<\/td>\n<td>1.18 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2047-02-21<br \/>\nMaturity Price  : 22.90<br \/>\nEvaluated at bid price : 23.98<br \/>\nBid-YTW : 3.92 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PF.E<\/td>\n<td>FixedReset<\/td>\n<td>1.20 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2047-02-21<br \/>\nMaturity Price  : 22.25<br \/>\nEvaluated at bid price : 22.72<br \/>\nBid-YTW : 4.18 %<\/td>\n<\/tr>\n<tr>\n<td>NA.PR.W<\/td>\n<td>FixedReset<\/td>\n<td>1.22 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2047-02-21<br \/>\nMaturity Price  : 21.34<br \/>\nEvaluated at bid price : 21.65<br \/>\nBid-YTW : 3.97 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PF.F<\/td>\n<td>FixedReset<\/td>\n<td>1.22 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2047-02-21<br \/>\nMaturity Price  : 23.03<br \/>\nEvaluated at bid price : 23.98<br \/>\nBid-YTW : 4.21 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PF.B<\/td>\n<td>FixedReset<\/td>\n<td>1.22 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2047-02-21<br \/>\nMaturity Price  : 22.08<br \/>\nEvaluated at bid price : 22.32<br \/>\nBid-YTW : 4.29 %<\/td>\n<\/tr>\n<tr>\n<td>RY.PR.J<\/td>\n<td>FixedReset<\/td>\n<td>1.23 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2047-02-21<br \/>\nMaturity Price  : 22.49<br \/>\nEvaluated at bid price : 23.13<br \/>\nBid-YTW : 4.09 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PF.A<\/td>\n<td>FixedReset<\/td>\n<td>1.28 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2047-02-21<br \/>\nMaturity Price  : 23.39<br \/>\nEvaluated at bid price : 23.79<br \/>\nBid-YTW : 4.29 %<\/td>\n<\/tr>\n<tr>\n<td>FTS.PR.H<\/td>\n<td>FixedReset<\/td>\n<td>1.28 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2047-02-21<br \/>\nMaturity Price  : 15.82<br \/>\nEvaluated at bid price : 15.82<br \/>\nBid-YTW : 4.04 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PR.R<\/td>\n<td>FixedReset<\/td>\n<td>1.30 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2047-02-21<br \/>\nMaturity Price  : 19.43<br \/>\nEvaluated at bid price : 19.43<br \/>\nBid-YTW : 4.33 %<\/td>\n<\/tr>\n<tr>\n<td>MFC.PR.F<\/td>\n<td>FixedReset<\/td>\n<td>1.33 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Hard Maturity<br \/>\nMaturity Date\t: 2025-01-31<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 15.20<br \/>\nBid-YTW : 9.43 %<\/td>\n<\/tr>\n<tr>\n<td>HSE.PR.A<\/td>\n<td>FixedReset<\/td>\n<td>1.35 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2047-02-21<br \/>\nMaturity Price  : 15.72<br \/>\nEvaluated at bid price : 15.72<br \/>\nBid-YTW : 4.43 %<\/td>\n<\/tr>\n<tr>\n<td>PWF.PR.P<\/td>\n<td>FixedReset<\/td>\n<td>1.36 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2047-02-21<br \/>\nMaturity Price  : 15.63<br \/>\nEvaluated at bid price : 15.63<br \/>\nBid-YTW : 4.24 %<\/td>\n<\/tr>\n<tr>\n<td>FTS.PR.K<\/td>\n<td>FixedReset<\/td>\n<td>1.36 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2047-02-21<br \/>\nMaturity Price  : 20.08<br \/>\nEvaluated at bid price : 20.08<br \/>\nBid-YTW : 4.05 %<\/td>\n<\/tr>\n<tr>\n<td>TRP.PR.B<\/td>\n<td>FixedReset<\/td>\n<td>1.40 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2047-02-21<br \/>\nMaturity Price  : 14.48<br \/>\nEvaluated at bid price : 14.48<br \/>\nBid-YTW : 4.11 %<\/td>\n<\/tr>\n<tr>\n<td>RY.PR.H<\/td>\n<td>FixedReset<\/td>\n<td>1.41 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2047-02-21<br \/>\nMaturity Price  : 21.27<br \/>\nEvaluated at bid price : 21.56<br \/>\nBid-YTW : 3.98 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PR.Z<\/td>\n<td>FixedReset<\/td>\n<td>1.42 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2047-02-21<br \/>\nMaturity Price  : 22.17<br \/>\nEvaluated at bid price : 22.88<br \/>\nBid-YTW : 4.50 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PR.X<\/td>\n<td>FixedReset<\/td>\n<td>1.42 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2047-02-21<br \/>\nMaturity Price  : 16.38<br \/>\nEvaluated at bid price : 16.38<br \/>\nBid-YTW : 4.55 %<\/td>\n<\/tr>\n<tr>\n<td>NA.PR.S<\/td>\n<td>FixedReset<\/td>\n<td>1.44 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2047-02-21<br \/>\nMaturity Price  : 22.18<br \/>\nEvaluated at bid price : 22.47<br \/>\nBid-YTW : 3.98 %<\/td>\n<\/tr>\n<tr>\n<td>TRP.PR.D<\/td>\n<td>FixedReset<\/td>\n<td>1.45 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2047-02-21<br \/>\nMaturity Price  : 21.34<br \/>\nEvaluated at bid price : 21.64<br \/>\nBid-YTW : 4.11 %<\/td>\n<\/tr>\n<tr>\n<td>CM.PR.P<\/td>\n<td>FixedReset<\/td>\n<td>1.52 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2047-02-21<br \/>\nMaturity Price  : 21.44<br \/>\nEvaluated at bid price : 21.44<br \/>\nBid-YTW : 4.02 %<\/td>\n<\/tr>\n<tr>\n<td>TD.PF.C<\/td>\n<td>FixedReset<\/td>\n<td>1.52 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2047-02-21<br \/>\nMaturity Price  : 21.42<br \/>\nEvaluated at bid price : 21.42<br \/>\nBid-YTW : 4.02 %<\/td>\n<\/tr>\n<tr>\n<td>BMO.PR.W<\/td>\n<td>FixedReset<\/td>\n<td>1.52 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2047-02-21<br \/>\nMaturity Price  : 21.40<br \/>\nEvaluated at bid price : 21.40<br \/>\nBid-YTW : 3.99 %<\/td>\n<\/tr>\n<tr>\n<td>MFC.PR.N<\/td>\n<td>FixedReset<\/td>\n<td>1.57 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Hard Maturity<br \/>\nMaturity Date\t: 2025-01-31<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 21.97<br \/>\nBid-YTW : 5.45 %<\/td>\n<\/tr>\n<tr>\n<td>MFC.PR.M<\/td>\n<td>FixedReset<\/td>\n<td>1.57 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Hard Maturity<br \/>\nMaturity Date\t: 2025-01-31<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 21.96<br \/>\nBid-YTW : 5.53 %<\/td>\n<\/tr>\n<tr>\n<td>GWO.PR.N<\/td>\n<td>FixedReset<\/td>\n<td>1.57 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Hard Maturity<br \/>\nMaturity Date\t: 2025-01-31<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 15.49<br \/>\nBid-YTW : 9.22 %<\/td>\n<\/tr>\n<tr>\n<td>MFC.PR.K<\/td>\n<td>FixedReset<\/td>\n<td>1.63 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Hard Maturity<br \/>\nMaturity Date\t: 2025-01-31<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 21.23<br \/>\nBid-YTW : 5.81 %<\/td>\n<\/tr>\n<tr>\n<td>RY.PR.M<\/td>\n<td>FixedReset<\/td>\n<td>1.63 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2047-02-21<br \/>\nMaturity Price  : 22.41<br \/>\nEvaluated at bid price : 23.09<br \/>\nBid-YTW : 3.98 %<\/td>\n<\/tr>\n<tr>\n<td>FTS.PR.M<\/td>\n<td>FixedReset<\/td>\n<td>1.64 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2047-02-21<br \/>\nMaturity Price  : 21.97<br \/>\nEvaluated at bid price : 22.27<br \/>\nBid-YTW : 4.10 %<\/td>\n<\/tr>\n<tr>\n<td>CM.PR.Q<\/td>\n<td>FixedReset<\/td>\n<td>1.67 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2047-02-21<br \/>\nMaturity Price  : 22.76<br \/>\nEvaluated at bid price : 23.68<br \/>\nBid-YTW : 4.03 %<\/td>\n<\/tr>\n<tr>\n<td>CU.PR.I<\/td>\n<td>FixedReset<\/td>\n<td>1.70 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Call<br \/>\nMaturity Date\t: 2020-12-01<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 26.92<br \/>\nBid-YTW : 2.34 %<\/td>\n<\/tr>\n<tr>\n<td>BMO.PR.T<\/td>\n<td>FixedReset<\/td>\n<td>1.70 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2047-02-21<br \/>\nMaturity Price  : 21.48<br \/>\nEvaluated at bid price : 21.48<br \/>\nBid-YTW : 4.00 %<\/td>\n<\/tr>\n<tr>\n<td>TRP.PR.A<\/td>\n<td>FixedReset<\/td>\n<td>1.75 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2047-02-21<br \/>\nMaturity Price  : 18.57<br \/>\nEvaluated at bid price : 18.57<br \/>\nBid-YTW : 4.18 %<\/td>\n<\/tr>\n<tr>\n<td>MFC.PR.L<\/td>\n<td>FixedReset<\/td>\n<td>1.82 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Hard Maturity<br \/>\nMaturity Date\t: 2025-01-31<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 21.23<br \/>\nBid-YTW : 5.85 %<\/td>\n<\/tr>\n<tr>\n<td>TD.PF.A<\/td>\n<td>FixedReset<\/td>\n<td>1.83 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2047-02-21<br \/>\nMaturity Price  : 21.41<br \/>\nEvaluated at bid price : 21.74<br \/>\nBid-YTW : 3.94 %<\/td>\n<\/tr>\n<tr>\n<td>TRP.PR.E<\/td>\n<td>FixedReset<\/td>\n<td>1.83 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2047-02-21<br \/>\nMaturity Price  : 21.97<br \/>\nEvaluated at bid price : 22.25<br \/>\nBid-YTW : 4.02 %<\/td>\n<\/tr>\n<tr>\n<td>FTS.PR.G<\/td>\n<td>FixedReset<\/td>\n<td>1.83 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2047-02-21<br \/>\nMaturity Price  : 20.57<br \/>\nEvaluated at bid price : 20.57<br \/>\nBid-YTW : 4.01 %<\/td>\n<\/tr>\n<tr>\n<td>CM.PR.O<\/td>\n<td>FixedReset<\/td>\n<td>1.86 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2047-02-21<br \/>\nMaturity Price  : 21.52<br \/>\nEvaluated at bid price : 21.90<br \/>\nBid-YTW : 3.99 %<\/td>\n<\/tr>\n<tr>\n<td>RY.PR.Z<\/td>\n<td>FixedReset<\/td>\n<td>1.89 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2047-02-21<br \/>\nMaturity Price  : 21.29<br \/>\nEvaluated at bid price : 21.58<br \/>\nBid-YTW : 3.93 %<\/td>\n<\/tr>\n<tr>\n<td>TD.PF.B<\/td>\n<td>FixedReset<\/td>\n<td>1.89 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2047-02-21<br \/>\nMaturity Price  : 21.28<br \/>\nEvaluated at bid price : 21.57<br \/>\nBid-YTW : 3.99 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PR.T<\/td>\n<td>FixedReset<\/td>\n<td>1.90 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2047-02-21<br \/>\nMaturity Price  : 19.32<br \/>\nEvaluated at bid price : 19.32<br \/>\nBid-YTW : 4.49 %<\/td>\n<\/tr>\n<tr>\n<td>CU.PR.C<\/td>\n<td>FixedReset<\/td>\n<td>1.91 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2047-02-21<br \/>\nMaturity Price  : 21.91<br \/>\nEvaluated at bid price : 22.42<br \/>\nBid-YTW : 3.89 %<\/td>\n<\/tr>\n<tr>\n<td>IFC.PR.A<\/td>\n<td>FixedReset<\/td>\n<td>2.02 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Hard Maturity<br \/>\nMaturity Date\t: 2025-01-31<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 18.66<br \/>\nBid-YTW : 7.38 %<\/td>\n<\/tr>\n<tr>\n<td>TRP.PR.C<\/td>\n<td>FixedReset<\/td>\n<td>2.29 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2047-02-21<br \/>\nMaturity Price  : 15.64<br \/>\nEvaluated at bid price : 15.64<br \/>\nBid-YTW : 4.15 %<\/td>\n<\/tr>\n<tr>\n<td>TRP.PR.F<\/td>\n<td>FloatingReset<\/td>\n<td>2.94 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2047-02-21<br \/>\nMaturity Price  : 17.50<br \/>\nEvaluated at bid price : 17.50<br \/>\nBid-YTW : 3.46 %<\/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>TD.PF.H<\/td>\n<td>FixedReset<\/td>\n<td>204,856<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Call<br \/>\nMaturity Date\t: 2021-10-31<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 25.88<br \/>\nBid-YTW : 4.14 %<\/td>\n<\/tr>\n<tr>\n<td>BIP.PR.C<\/td>\n<td>FixedReset<\/td>\n<td>160,845<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Call<br \/>\nMaturity Date\t: 2021-09-30<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 25.73<br \/>\nBid-YTW : 4.86 %<\/td>\n<\/tr>\n<tr>\n<td>RY.PR.Q<\/td>\n<td>FixedReset<\/td>\n<td>154,949<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Call<br \/>\nMaturity Date\t: 2021-05-24<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 26.80<br \/>\nBid-YTW : 3.67 %<\/td>\n<\/tr>\n<tr>\n<td>BNS.PR.E<\/td>\n<td>FixedReset<\/td>\n<td>116,083<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Call<br \/>\nMaturity Date\t: 2021-04-25<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 26.88<br \/>\nBid-YTW : 3.66 %<\/td>\n<\/tr>\n<tr>\n<td>BNS.PR.H<\/td>\n<td>FixedReset<\/td>\n<td>111,545<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Call<br \/>\nMaturity Date\t: 2022-01-26<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 26.06<br \/>\nBid-YTW : 4.00 %<\/td>\n<\/tr>\n<tr>\n<td>BMO.PR.R<\/td>\n<td>FloatingReset<\/td>\n<td>83,000<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Hard Maturity<br \/>\nMaturity Date\t: 2022-01-31<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 23.85<br \/>\nBid-YTW : 3.07 %<\/td>\n<\/tr>\n<tr>\n<td colspan=\"4\">There were 73 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>TRP.PR.G<\/td>\n<td>FixedReset<\/td>\n<td>Quote: 23.39 &#8211; 23.77<br \/>\nSpot Rate  :  0.3800<br \/>\nAverage  :  0.2435<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2047-02-21<br \/>\nMaturity Price  : 22.58<br \/>\nEvaluated at bid price : 23.39<br \/>\nBid-YTW : 4.25 %<\/td>\n<\/tr>\n<tr>\n<td>TRP.PR.H<\/td>\n<td>FloatingReset<\/td>\n<td>Quote: 13.30 &#8211; 13.66<br \/>\nSpot Rate  :  0.3600<br \/>\nAverage  :  0.2311<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2047-02-21<br \/>\nMaturity Price  : 13.30<br \/>\nEvaluated at bid price : 13.30<br \/>\nBid-YTW : 3.34 %<\/td>\n<\/tr>\n<tr>\n<td>GWO.PR.N<\/td>\n<td>FixedReset<\/td>\n<td>Quote: 15.49 &#8211; 15.86<br \/>\nSpot Rate  :  0.3700<br \/>\nAverage  :  0.2668<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Hard Maturity<br \/>\nMaturity Date\t: 2025-01-31<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 15.49<br \/>\nBid-YTW : 9.22 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PF.G<\/td>\n<td>FixedReset<\/td>\n<td>Quote: 24.33 &#8211; 24.60<br \/>\nSpot Rate  :  0.2700<br \/>\nAverage  :  0.1849<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2047-02-21<br \/>\nMaturity Price  : 23.07<br \/>\nEvaluated at bid price : 24.33<br \/>\nBid-YTW : 4.13 %<\/td>\n<\/tr>\n<tr>\n<td>BNS.PR.D<\/td>\n<td>FloatingReset<\/td>\n<td>Quote: 21.49 &#8211; 21.76<br \/>\nSpot Rate  :  0.2700<br \/>\nAverage  :  0.1943<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Hard Maturity<br \/>\nMaturity Date\t: 2022-01-31<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 21.49<br \/>\nBid-YTW : 4.65 %<\/td>\n<\/tr>\n<tr>\n<td>BMO.PR.Y<\/td>\n<td>FixedReset<\/td>\n<td>Quote: 23.98 &#8211; 24.23<br \/>\nSpot Rate  :  0.2500<br \/>\nAverage  :  0.1806<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2047-02-21<br \/>\nMaturity Price  : 22.90<br \/>\nEvaluated at bid price : 23.98<br \/>\nBid-YTW : 3.92 %<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>You know, if Trump can put a dent in supply management, I&#8217;ll forgive him one of his lies: While growers and exporters of U.S. crops and food products have expressed anxiety over Trump\u2019s restrictive immigration &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-48107","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/48107","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=48107"}],"version-history":[{"count":1,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/48107\/revisions"}],"predecessor-version":[{"id":48108,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/48107\/revisions\/48108"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=48107"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=48107"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=48107"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}