{"id":49807,"date":"2018-11-27T20:20:00","date_gmt":"2018-11-28T01:20:00","guid":{"rendered":"https:\/\/prefblog.com\/?p=49807"},"modified":"2025-08-26T20:22:49","modified_gmt":"2025-08-27T00:22:49","slug":"november-27-2018","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=49807","title":{"rendered":"November 27, 2018"},"content":{"rendered":"
\"rollercoaster_181127\"<\/a>
Click for Big<\/i><\/div>\n

Today we learned that the recent – ongoing – market collapse is all the Fed’s fault<\/a>:<\/p>\n

\n

President Trump placed responsibility for recent stock market declines and this week\u2019s General Motors plant closures and layoffs on the Federal Reserve during an interview Tuesday, shirking any personal responsibility for cracks in the economy and declaring that he is \u201cnot even a little bit happy\u201d with his hand-selected central bank chairman.<\/p>\n

In a wide-ranging and sometimes discordant 20-minute interview with The Washington Post, Trump complained at length about Federal Reserve Chairman Jerome H. \u201cJay\u201d Powell, whom he nominated earlier this year. He argued that rising interest rates and other Fed policies were damaging the economy \u2014 as evidenced by GM\u2019s announcement this week that it was laying off 15 percent of its workforce \u2014 though he insisted that he is not worried about a recession.<\/p>\n

\u201cI\u2019m doing deals, and I\u2019m not being accommodated by the Fed,\u201d Trump said. \u201cThey\u2019re making a mistake because I have a gut, and my gut tells me more sometimes than anybody else\u2019s brain can ever tell me.\u201d<\/p>\n<\/blockquote>\n

Well, I said on October 29<\/a>:<\/p>\n

\n

Trump trying to pick a fight with the Fed (I think this is probably because he wants some political cover in case a US slowdown does occur to a noticeable degree)<\/p>\n<\/blockquote>\n

Not the most astute prediction I’ve ever made, but it’s nice to have a winner nevertheless! And, of course, Trump’s huffing and puffing<\/a> with his version of crony capitalism:<\/p>\n

\n

U.S. President Donald Trump said Tuesday that he was “very disappointed” that General Motors was closing plants in the United States and warned that the White House was “now looking at cutting all GM subsidies,” including for its electric cars program.<\/p>\n

Trump unleashed on Twitter a day after GM announced it would shutter five plants and slash 14,000 jobs in North America, with many of the job cuts coming from the U.S.Midwest, where the president has promised a manufacturing rebirth.<\/p>\n<\/blockquote>\n

Politicians are afraid to say it: highly paid manufacturing jobs will all disappear in the near future. Anything repetitive and finicky can be done better by a robot – it’s just a matter of time and money and not too much of those. But in the meantime, there are real people experiencing real pain, so they have to huff and puff. <\/p>\n

But the market – according to the chatteratti – is so desperate for good news it will take anything<\/a>!<\/p>\n

\n

The S&P 500 and Dow edged higher on Tuesday after White House economic adviser Larry Kudlow said a meeting between President Donald Trump and his Chinese counterpart on Saturday was an opportunity to \u201cturn the page\u201d on a trade war.
…<\/b>
All three major U.S. indexes turned positive after spending much of the session in negative territory, after Kudlow\u2019s comments days ahead of the high-stakes dinner between the two leaders after the G20 summit in Buenos Aires.<\/p>\n

But Kudlow also said the White House has been disappointed so far in China\u2019s response to trade issues with the United States. On Monday, Trump threatened to move ahead with additional tariffs on Chinese goods, due to take effect on Jan. 1.<\/p>\n<\/blockquote>\n

But what a day it was!<\/p>\n

TXPR touched a new 52-week low of 632.64 (1.02% down from yesterday<\/a>‘s close) before closing at 640.91, up 0.28%. Volume was enormous at 4.21-million (shares in the underlying issues, I thing), easily the highest of the last thirty days.<\/p>\n

CPD touched a new 52-week low of 12.63 (down 1.48% from yesterday’s close) before closing at 12.87, up 0.39%. Volume was the second-highest of the last thirty days (far ahead of yesterday’s), exceeded only by November 20<\/a>.<\/p>\n

ZPR touched a new 52-week low of 10.34 (down 1.43% from yesterday’s close) before closing at 10.52, up 0.29%. Volume was the third highest of the past thirty days, exceeded only by November 16<\/a> and October 29<\/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>\n1.5545 %<\/td>\n2,662.9<\/td>\n<\/tr>\n
FixedFloater<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n1.5545 %<\/td>\n4,886.3<\/td>\n<\/tr>\n
Floater<\/td>\n4.36 %<\/td>\n4.37 %<\/td>\n38,077<\/td>\n16.59<\/td>\n4<\/td>\n1.5545 %<\/td>\n2,816.0<\/td>\n<\/tr>\n
OpRet<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.2488 %<\/td>\n3,178.9<\/td>\n<\/tr>\n
SplitShare<\/td>\n4.63 %<\/td>\n5.14 %<\/td>\n80,536<\/td>\n4.65<\/td>\n7<\/td>\n-0.2488 %<\/td>\n3,796.3<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.2488 %<\/td>\n2,962.0<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.97 %<\/td>\n6.02 %<\/td>\n53,058<\/td>\n13.77<\/td>\n3<\/td>\n0.1210 %<\/td>\n2,842.1<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n5.79 %<\/td>\n5.98 %<\/td>\n76,637<\/td>\n13.89<\/td>\n31<\/td>\n-0.1641 %<\/td>\n2,832.1<\/td>\n<\/tr>\n
FixedReset Disc<\/td>\n4.91 %<\/td>\n5.74 %<\/td>\n163,813<\/td>\n14.46<\/td>\n58<\/td>\n0.1414 %<\/td>\n2,271.5<\/td>\n<\/tr>\n
Deemed-Retractible<\/td>\n5.52 %<\/td>\n7.47 %<\/td>\n81,806<\/td>\n5.12<\/td>\n26<\/td>\n0.0146 %<\/td>\n2,843.2<\/td>\n<\/tr>\n
FloatingReset<\/td>\n4.07 %<\/td>\n4.77 %<\/td>\n36,543<\/td>\n5.37<\/td>\n6<\/td>\n-0.4486 %<\/td>\n2,577.5<\/td>\n<\/tr>\n
FixedReset Prem<\/td>\n5.12 %<\/td>\n4.70 %<\/td>\n234,443<\/td>\n2.51<\/td>\n22<\/td>\n0.1416 %<\/td>\n2,496.8<\/td>\n<\/tr>\n
FixedReset Bank Non<\/td>\n2.98 %<\/td>\n4.26 %<\/td>\n119,245<\/td>\n2.95<\/td>\n6<\/td>\n0.0207 %<\/td>\n2,565.0<\/td>\n<\/tr>\n
FixedReset Ins Non<\/td>\n4.97 %<\/td>\n8.12 %<\/td>\n127,019<\/td>\n5.21<\/td>\n22<\/td>\n-0.1830 %<\/td>\n2,264.4<\/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
Performance Highlights<\/strong><\/td>\n<\/tr>\n
Issue<\/td>\nIndex<\/td>\nChange<\/td>\nNotes<\/td>\n<\/tr>\n
W.PR.H<\/td>\nPerpetual-Discount<\/td>\n-5.70 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-11-27
\nMaturity Price : 22.22
\nEvaluated at bid price : 22.50
\nBid-YTW : 6.20 %<\/td>\n<\/tr>\n
MFC.PR.H<\/td>\nFixedReset Ins Non<\/td>\n-4.61 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 20.71
\nBid-YTW : 9.11 %<\/td>\n<\/tr>\n
MFC.PR.L<\/td>\nFixedReset Ins Non<\/td>\n-2.36 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 18.60
\nBid-YTW : 10.10 %<\/td>\n<\/tr>\n
PWF.PR.Q<\/td>\nFloatingReset<\/td>\n-2.33 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-11-27
\nMaturity Price : 18.85
\nEvaluated at bid price : 18.85
\nBid-YTW : 4.41 %<\/td>\n<\/tr>\n
MFC.PR.K<\/td>\nFixedReset Ins Non<\/td>\n-2.06 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 19.00
\nBid-YTW : 9.78 %<\/td>\n<\/tr>\n
BAM.PF.C<\/td>\nPerpetual-Discount<\/td>\n-2.01 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-11-27
\nMaturity Price : 19.00
\nEvaluated at bid price : 19.00
\nBid-YTW : 6.51 %<\/td>\n<\/tr>\n
TRP.PR.H<\/td>\nFloatingReset<\/td>\n-1.96 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-11-27
\nMaturity Price : 14.51
\nEvaluated at bid price : 14.51
\nBid-YTW : 5.21 %<\/td>\n<\/tr>\n
TD.PF.J<\/td>\nFixedReset Prem<\/td>\n-1.94 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-11-27
\nMaturity Price : 22.13
\nEvaluated at bid price : 22.70
\nBid-YTW : 5.46 %<\/td>\n<\/tr>\n
PWF.PR.S<\/td>\nPerpetual-Discount<\/td>\n-1.90 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-11-27
\nMaturity Price : 20.15
\nEvaluated at bid price : 20.15
\nBid-YTW : 6.03 %<\/td>\n<\/tr>\n
BAM.PR.C<\/td>\nFloater<\/td>\n-1.83 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-11-27
\nMaturity Price : 14.50
\nEvaluated at bid price : 14.50
\nBid-YTW : 4.83 %<\/td>\n<\/tr>\n
IFC.PR.F<\/td>\nDeemed-Retractible<\/td>\n-1.62 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 23.12
\nBid-YTW : 7.04 %<\/td>\n<\/tr>\n
VNR.PR.A<\/td>\nFixedReset Disc<\/td>\n-1.61 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-11-27
\nMaturity Price : 21.73
\nEvaluated at bid price : 22.05
\nBid-YTW : 5.74 %<\/td>\n<\/tr>\n
RY.PR.S<\/td>\nFixedReset Disc<\/td>\n-1.37 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-11-27
\nMaturity Price : 22.30
\nEvaluated at bid price : 23.06
\nBid-YTW : 5.13 %<\/td>\n<\/tr>\n
POW.PR.G<\/td>\nPerpetual-Discount<\/td>\n-1.35 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-11-27
\nMaturity Price : 23.83
\nEvaluated at bid price : 24.17
\nBid-YTW : 5.86 %<\/td>\n<\/tr>\n
TD.PF.E<\/td>\nFixedReset Disc<\/td>\n-1.35 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-11-27
\nMaturity Price : 21.60
\nEvaluated at bid price : 22.00
\nBid-YTW : 5.74 %<\/td>\n<\/tr>\n
PWF.PR.P<\/td>\nFixedReset Disc<\/td>\n-1.27 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-11-27
\nMaturity Price : 16.30
\nEvaluated at bid price : 16.30
\nBid-YTW : 5.74 %<\/td>\n<\/tr>\n
W.PR.J<\/td>\nPerpetual-Discount<\/td>\n-1.26 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-11-27
\nMaturity Price : 23.21
\nEvaluated at bid price : 23.51
\nBid-YTW : 6.03 %<\/td>\n<\/tr>\n
TD.PF.K<\/td>\nFixedReset Disc<\/td>\n-1.24 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-11-27
\nMaturity Price : 22.34
\nEvaluated at bid price : 23.11
\nBid-YTW : 5.31 %<\/td>\n<\/tr>\n
TD.PF.A<\/td>\nFixedReset Disc<\/td>\n-1.22 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-11-27
\nMaturity Price : 20.30
\nEvaluated at bid price : 20.30
\nBid-YTW : 5.63 %<\/td>\n<\/tr>\n
PVS.PR.G<\/td>\nSplitShare<\/td>\n-1.21 %<\/td>\nYTW SCENARIO
\nMaturity Type : Option Certainty
\nMaturity Date\t: 2026-02-28
\nMaturity Price : 25.00
\nEvaluated at bid price : 24.40
\nBid-YTW : 5.32 %<\/td>\n<\/tr>\n
BAM.PF.B<\/td>\nFixedReset Disc<\/td>\n-1.14 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-11-27
\nMaturity Price : 20.00
\nEvaluated at bid price : 20.00
\nBid-YTW : 6.26 %<\/td>\n<\/tr>\n
BIP.PR.E<\/td>\nFixedReset Disc<\/td>\n-1.07 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-11-27
\nMaturity Price : 21.17
\nEvaluated at bid price : 21.17
\nBid-YTW : 6.29 %<\/td>\n<\/tr>\n
BMO.PR.E<\/td>\nFixedReset Prem<\/td>\n-1.05 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-11-27
\nMaturity Price : 22.62
\nEvaluated at bid price : 23.65
\nBid-YTW : 5.27 %<\/td>\n<\/tr>\n
HSE.PR.C<\/td>\nFixedReset Disc<\/td>\n-1.02 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-11-27
\nMaturity Price : 20.40
\nEvaluated at bid price : 20.40
\nBid-YTW : 6.59 %<\/td>\n<\/tr>\n
TRP.PR.D<\/td>\nFixedReset Disc<\/td>\n1.07 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-11-27
\nMaturity Price : 18.85
\nEvaluated at bid price : 18.85
\nBid-YTW : 6.28 %<\/td>\n<\/tr>\n
TRP.PR.K<\/td>\nFixedReset Prem<\/td>\n1.10 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2022-05-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 24.82
\nBid-YTW : 5.14 %<\/td>\n<\/tr>\n
CM.PR.Q<\/td>\nFixedReset Disc<\/td>\n1.10 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-11-27
\nMaturity Price : 21.57
\nEvaluated at bid price : 21.96
\nBid-YTW : 5.65 %<\/td>\n<\/tr>\n
BMO.PR.C<\/td>\nFixedReset Prem<\/td>\n1.12 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2022-05-25
\nMaturity Price : 25.00
\nEvaluated at bid price : 24.45
\nBid-YTW : 5.23 %<\/td>\n<\/tr>\n
RY.PR.Z<\/td>\nFixedReset Disc<\/td>\n1.13 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-11-27
\nMaturity Price : 20.50
\nEvaluated at bid price : 20.50
\nBid-YTW : 5.54 %<\/td>\n<\/tr>\n
MFC.PR.M<\/td>\nFixedReset Ins Non<\/td>\n1.29 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 19.65
\nBid-YTW : 9.14 %<\/td>\n<\/tr>\n
HSE.PR.A<\/td>\nFixedReset Disc<\/td>\n1.46 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-11-27
\nMaturity Price : 14.55
\nEvaluated at bid price : 14.55
\nBid-YTW : 6.55 %<\/td>\n<\/tr>\n
CU.PR.D<\/td>\nPerpetual-Discount<\/td>\n1.62 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-11-27
\nMaturity Price : 21.29
\nEvaluated at bid price : 21.29
\nBid-YTW : 5.79 %<\/td>\n<\/tr>\n
POW.PR.D<\/td>\nPerpetual-Discount<\/td>\n1.65 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-11-27
\nMaturity Price : 20.95
\nEvaluated at bid price : 20.95
\nBid-YTW : 6.06 %<\/td>\n<\/tr>\n
TRP.PR.A<\/td>\nFixedReset Disc<\/td>\n1.68 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-11-27
\nMaturity Price : 16.92
\nEvaluated at bid price : 16.92
\nBid-YTW : 6.27 %<\/td>\n<\/tr>\n
IAG.PR.G<\/td>\nFixedReset Ins Non<\/td>\n1.69 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 21.05
\nBid-YTW : 7.74 %<\/td>\n<\/tr>\n
TRP.PR.B<\/td>\nFixedReset Disc<\/td>\n1.70 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-11-27
\nMaturity Price : 14.32
\nEvaluated at bid price : 14.32
\nBid-YTW : 6.12 %<\/td>\n<\/tr>\n
BAM.PF.F<\/td>\nFixedReset Disc<\/td>\n1.82 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-11-27
\nMaturity Price : 20.75
\nEvaluated at bid price : 20.75
\nBid-YTW : 6.31 %<\/td>\n<\/tr>\n
CU.PR.E<\/td>\nPerpetual-Discount<\/td>\n1.85 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-11-27
\nMaturity Price : 20.95
\nEvaluated at bid price : 20.95
\nBid-YTW : 5.89 %<\/td>\n<\/tr>\n
MFC.PR.G<\/td>\nFixedReset Ins Non<\/td>\n1.88 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 21.15
\nBid-YTW : 7.69 %<\/td>\n<\/tr>\n
CM.PR.O<\/td>\nFixedReset Disc<\/td>\n1.90 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-11-27
\nMaturity Price : 20.40
\nEvaluated at bid price : 20.40
\nBid-YTW : 5.70 %<\/td>\n<\/tr>\n
RY.PR.H<\/td>\nFixedReset Disc<\/td>\n1.96 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-11-27
\nMaturity Price : 20.85
\nEvaluated at bid price : 20.85
\nBid-YTW : 5.49 %<\/td>\n<\/tr>\n
HSE.PR.E<\/td>\nFixedReset Disc<\/td>\n2.00 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-11-27
\nMaturity Price : 21.40
\nEvaluated at bid price : 21.40
\nBid-YTW : 6.73 %<\/td>\n<\/tr>\n
RY.PR.M<\/td>\nFixedReset Disc<\/td>\n2.02 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-11-27
\nMaturity Price : 21.37
\nEvaluated at bid price : 21.68
\nBid-YTW : 5.53 %<\/td>\n<\/tr>\n
EMA.PR.H<\/td>\nFixedReset Disc<\/td>\n3.45 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-11-27
\nMaturity Price : 22.80
\nEvaluated at bid price : 24.00
\nBid-YTW : 5.07 %<\/td>\n<\/tr>\n
BAM.PR.B<\/td>\nFloater<\/td>\n9.29 %<\/td>\nThe presumed bid of 16.00 is an artefact of my pricing algorithm. The closing quote was actually 17.00 offered, no bid, so my system assumes that a poor, but reasonable bid price is $1 less than the offer. Sadly, the offer price is ridiculous – the issue traded 3,398 shares today in a range of 14.45-85.<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-11-27
\nMaturity Price : 16.00
\nEvaluated at bid price : 16.00
\nBid-YTW : 4.37 %<\/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.Q<\/td>\nFixedReset Prem<\/td>\n578,123<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2021-05-24
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.73
\nBid-YTW : 4.29 %<\/td>\n<\/tr>\n
TD.PF.H<\/td>\nFixedReset Prem<\/td>\n316,362<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2021-10-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.38
\nBid-YTW : 4.45 %<\/td>\n<\/tr>\n
BMO.PR.B<\/td>\nFixedReset Prem<\/td>\n295,806<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2022-02-25
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.21
\nBid-YTW : 4.60 %<\/td>\n<\/tr>\n
TD.PF.G<\/td>\nFixedReset Prem<\/td>\n205,470<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2021-04-30
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.80
\nBid-YTW : 4.29 %<\/td>\n<\/tr>\n
RY.PR.R<\/td>\nFixedReset Prem<\/td>\n111,104<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2021-08-24
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.80
\nBid-YTW : 4.30 %<\/td>\n<\/tr>\n
CM.PR.R<\/td>\nFixedReset Disc<\/td>\n88,099<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-11-27
\nMaturity Price : 22.74
\nEvaluated at bid price : 23.69
\nBid-YTW : 5.70 %<\/td>\n<\/tr>\n
There were 58 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
PWF.PR.A<\/td>\nFloater<\/td>\nQuote: 18.27 – 21.00
\nSpot Rate : 2.7300
\nAverage : 1.6139<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-11-27
\nMaturity Price : 18.27
\nEvaluated at bid price : 18.27
\nBid-YTW : 3.81 %<\/td>\n<\/tr>\n

W.PR.H<\/td>\nPerpetual-Discount<\/td>\nQuote: 22.50 – 23.92
\nSpot Rate : 1.4200
\nAverage : 0.7951<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-11-27
\nMaturity Price : 22.22
\nEvaluated at bid price : 22.50
\nBid-YTW : 6.20 %<\/td>\n<\/tr>\n

MFC.PR.H<\/td>\nFixedReset Ins Non<\/td>\nQuote: 20.71 – 21.89
\nSpot Rate : 1.1800
\nAverage : 0.7146<\/p>\n

YTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 20.71
\nBid-YTW : 9.11 %<\/td>\n<\/tr>\n

TRP.PR.F<\/td>\nFloatingReset<\/td>\nQuote: 17.29 – 18.35
\nSpot Rate : 1.0600
\nAverage : 0.6855<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-11-27
\nMaturity Price : 17.29
\nEvaluated at bid price : 17.29
\nBid-YTW : 5.31 %<\/td>\n<\/tr>\n

IFC.PR.F<\/td>\nDeemed-Retractible<\/td>\nQuote: 23.12 – 24.25
\nSpot Rate : 1.1300
\nAverage : 0.7687<\/p>\n

YTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 23.12
\nBid-YTW : 7.04 %<\/td>\n<\/tr>\n

EML.PR.A<\/td>\nFixedReset Ins Non<\/td>\nQuote: 25.70 – 26.40
\nSpot Rate : 0.7000
\nAverage : 0.4243<\/p>\n

YTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2021-04-17
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.70
\nBid-YTW : 4.81 %<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Click for Big Today we learned that the recent – ongoing – market collapse is all the Fed’s fault: President Trump placed responsibility for recent stock market declines and this week\u2019s General Motors plant closures …<\/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-49807","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/49807","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=49807"}],"version-history":[{"count":1,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/49807\/revisions"}],"predecessor-version":[{"id":49808,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/49807\/revisions\/49808"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=49807"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=49807"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=49807"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}