{"id":49848,"date":"2018-12-18T19:47:00","date_gmt":"2018-12-19T00:47:00","guid":{"rendered":"https:\/\/prefblog.com\/?p=49848"},"modified":"2025-08-27T19:48:07","modified_gmt":"2025-08-27T23:48:07","slug":"december-18-2018","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=49848","title":{"rendered":"December 18, 2018"},"content":{"rendered":"<div align=\"center\"><a href=\"https:\/\/prefblog.com\/wp-content\/uploads\/2018\/12\/explosion_181218.jpg\"><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/prefblog.com\/wp-content\/uploads\/2018\/12\/explosion_181218-300x200.jpg\" alt=\"explosion_181218\" width=\"400\" height=\"266\" class=\"alignnone size-medium wp-image-37782\"><\/a><br \/><i>Click for Big<\/i><\/div>\n<p>The Five-Year Canada <a href=\"https:\/\/www.tmxmoney.com\/en\/market_activity\/candeal.html\">closed yielding 1.94% today<\/a>, which probably didn&#8217;t help the market much.<\/p>\n<p>And tomorrow <a href=\"http:\/\/www.chicagotribune.com\/business\/ct-biz-federal-reserve-rate-decision-20181218-story,amp.html\">we&#8217;ll see what the Fed says<\/a>, which could make the afternoon interesting!<\/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>-2.0290 %<\/td>\n<td>2,288.0<\/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>-2.0290 %<\/td>\n<td>4,198.4<\/td>\n<\/tr>\n<tr>\n<td>Floater<\/td>\n<td>5.11 %<\/td>\n<td>5.45 %<\/td>\n<td>44,102<\/td>\n<td>14.76<\/td>\n<td>4<\/td>\n<td>-2.0290 %<\/td>\n<td>2,419.6<\/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>-0.0294 %<\/td>\n<td>3,134.7<\/td>\n<\/tr>\n<tr>\n<td>SplitShare<\/td>\n<td>4.70 %<\/td>\n<td>5.68 %<\/td>\n<td>97,222<\/td>\n<td>4.59<\/td>\n<td>7<\/td>\n<td>-0.0294 %<\/td>\n<td>3,743.5<\/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>-0.0294 %<\/td>\n<td>2,920.8<\/td>\n<\/tr>\n<tr>\n<td>Perpetual-Premium<\/td>\n<td>5.60 %<\/td>\n<td>6.04 %<\/td>\n<td>136,560<\/td>\n<td>13.76<\/td>\n<td>2<\/td>\n<td>-0.0994 %<\/td>\n<td>2,857.1<\/td>\n<\/tr>\n<tr>\n<td>Perpetual-Discount<\/td>\n<td>5.81 %<\/td>\n<td>6.03 %<\/td>\n<td>71,965<\/td>\n<td>13.80<\/td>\n<td>33<\/td>\n<td>-0.6968 %<\/td>\n<td>2,845.0<\/td>\n<\/tr>\n<tr>\n<td>FixedReset Disc<\/td>\n<td>5.20 %<\/td>\n<td>5.79 %<\/td>\n<td>211,442<\/td>\n<td>14.16<\/td>\n<td>66<\/td>\n<td>-1.2282 %<\/td>\n<td>2,159.7<\/td>\n<\/tr>\n<tr>\n<td>Deemed-Retractible<\/td>\n<td>5.57 %<\/td>\n<td>7.79 %<\/td>\n<td>97,136<\/td>\n<td>5.12<\/td>\n<td>27<\/td>\n<td>-0.2034 %<\/td>\n<td>2,840.3<\/td>\n<\/tr>\n<tr>\n<td>FloatingReset<\/td>\n<td>4.18 %<\/td>\n<td>4.74 %<\/td>\n<td>41,944<\/td>\n<td>2.96<\/td>\n<td>7<\/td>\n<td>-0.7958 %<\/td>\n<td>2,409.3<\/td>\n<\/tr>\n<tr>\n<td>FixedReset Prem<\/td>\n<td>5.16 %<\/td>\n<td>4.32 %<\/td>\n<td>291,267<\/td>\n<td>2.28<\/td>\n<td>14<\/td>\n<td>0.1367 %<\/td>\n<td>2,512.1<\/td>\n<\/tr>\n<tr>\n<td>FixedReset Bank Non<\/td>\n<td>2.99 %<\/td>\n<td>4.37 %<\/td>\n<td>135,829<\/td>\n<td>2.91<\/td>\n<td>6<\/td>\n<td>0.0069 %<\/td>\n<td>2,558.3<\/td>\n<\/tr>\n<tr>\n<td>FixedReset Ins Non<\/td>\n<td>5.09 %<\/td>\n<td>8.57 %<\/td>\n<td>148,692<\/td>\n<td>5.18<\/td>\n<td>22<\/td>\n<td>-0.5638 %<\/td>\n<td>2,202.5<\/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>HSE.PR.C<\/td>\n<td>FixedReset Disc<\/td>\n<td>-5.54 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2048-12-18<br \/>\nMaturity Price  : 17.06<br \/>\nEvaluated at bid price : 17.06<br \/>\nBid-YTW : 7.55 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PR.Z<\/td>\n<td>FixedReset Disc<\/td>\n<td>-4.71 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2048-12-18<br \/>\nMaturity Price  : 20.25<br \/>\nEvaluated at bid price : 20.25<br \/>\nBid-YTW : 6.11 %<\/td>\n<\/tr>\n<tr>\n<td>SLF.PR.G<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>-4.29 %<\/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 : 14.50<br \/>\nBid-YTW : 13.42 %<\/td>\n<\/tr>\n<tr>\n<td>MFC.PR.F<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>-4.16 %<\/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 : 14.04<br \/>\nBid-YTW : 13.70 %<\/td>\n<\/tr>\n<tr>\n<td>CM.PR.O<\/td>\n<td>FixedReset Disc<\/td>\n<td>-3.94 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2048-12-18<br \/>\nMaturity Price  : 18.55<br \/>\nEvaluated at bid price : 18.55<br \/>\nBid-YTW : 5.94 %<\/td>\n<\/tr>\n<tr>\n<td>TRP.PR.B<\/td>\n<td>FixedReset Disc<\/td>\n<td>-3.91 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2048-12-18<br \/>\nMaturity Price  : 12.55<br \/>\nEvaluated at bid price : 12.55<br \/>\nBid-YTW : 6.43 %<\/td>\n<\/tr>\n<tr>\n<td>BMO.PR.S<\/td>\n<td>FixedReset Disc<\/td>\n<td>-3.84 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2048-12-18<br \/>\nMaturity Price  : 19.05<br \/>\nEvaluated at bid price : 19.05<br \/>\nBid-YTW : 5.79 %<\/td>\n<\/tr>\n<tr>\n<td>GWO.PR.Q<\/td>\n<td>Deemed-Retractible<\/td>\n<td>-3.36 %<\/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 : 21.00<br \/>\nBid-YTW : 8.58 %<\/td>\n<\/tr>\n<tr>\n<td>BMO.PR.D<\/td>\n<td>FixedReset Disc<\/td>\n<td>-3.35 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2048-12-18<br \/>\nMaturity Price  : 22.03<br \/>\nEvaluated at bid price : 22.47<br \/>\nBid-YTW : 5.64 %<\/td>\n<\/tr>\n<tr>\n<td>BMO.PR.T<\/td>\n<td>FixedReset Disc<\/td>\n<td>-3.27 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2048-12-18<br \/>\nMaturity Price  : 18.62<br \/>\nEvaluated at bid price : 18.62<br \/>\nBid-YTW : 5.79 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PF.A<\/td>\n<td>FixedReset Disc<\/td>\n<td>-3.26 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2048-12-18<br \/>\nMaturity Price  : 20.80<br \/>\nEvaluated at bid price : 20.80<br \/>\nBid-YTW : 6.01 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PR.B<\/td>\n<td>Floater<\/td>\n<td>-3.15 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2048-12-18<br \/>\nMaturity Price  : 12.59<br \/>\nEvaluated at bid price : 12.59<br \/>\nBid-YTW : 5.50 %<\/td>\n<\/tr>\n<tr>\n<td>EMA.PR.H<\/td>\n<td>FixedReset Disc<\/td>\n<td>-3.12 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2048-12-18<br \/>\nMaturity Price  : 22.60<br \/>\nEvaluated at bid price : 23.58<br \/>\nBid-YTW : 5.20 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PR.N<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-3.05 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2048-12-18<br \/>\nMaturity Price  : 18.76<br \/>\nEvaluated at bid price : 18.76<br \/>\nBid-YTW : 6.36 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PF.E<\/td>\n<td>FixedReset Disc<\/td>\n<td>-3.03 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2048-12-18<br \/>\nMaturity Price  : 17.95<br \/>\nEvaluated at bid price : 17.95<br \/>\nBid-YTW : 6.41 %<\/td>\n<\/tr>\n<tr>\n<td>HSE.PR.G<\/td>\n<td>FixedReset Disc<\/td>\n<td>-2.93 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2048-12-18<br \/>\nMaturity Price  : 18.90<br \/>\nEvaluated at bid price : 18.90<br \/>\nBid-YTW : 7.27 %<\/td>\n<\/tr>\n<tr>\n<td>W.PR.H<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-2.82 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2048-12-18<br \/>\nMaturity Price  : 22.81<br \/>\nEvaluated at bid price : 23.09<br \/>\nBid-YTW : 6.06 %<\/td>\n<\/tr>\n<tr>\n<td>NA.PR.S<\/td>\n<td>FixedReset Disc<\/td>\n<td>-2.79 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2048-12-18<br \/>\nMaturity Price  : 18.45<br \/>\nEvaluated at bid price : 18.45<br \/>\nBid-YTW : 6.09 %<\/td>\n<\/tr>\n<tr>\n<td>CU.PR.C<\/td>\n<td>FixedReset Disc<\/td>\n<td>-2.76 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2048-12-18<br \/>\nMaturity Price  : 17.61<br \/>\nEvaluated at bid price : 17.61<br \/>\nBid-YTW : 6.06 %<\/td>\n<\/tr>\n<tr>\n<td>PWF.PR.A<\/td>\n<td>Floater<\/td>\n<td>-2.65 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2048-12-18<br \/>\nMaturity Price  : 16.54<br \/>\nEvaluated at bid price : 16.54<br \/>\nBid-YTW : 4.22 %<\/td>\n<\/tr>\n<tr>\n<td>PWF.PR.Q<\/td>\n<td>FloatingReset<\/td>\n<td>-2.44 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2048-12-18<br \/>\nMaturity Price  : 15.17<br \/>\nEvaluated at bid price : 15.17<br \/>\nBid-YTW : 5.41 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PR.X<\/td>\n<td>FixedReset Disc<\/td>\n<td>-2.41 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2048-12-18<br \/>\nMaturity Price  : 14.96<br \/>\nEvaluated at bid price : 14.96<br \/>\nBid-YTW : 6.05 %<\/td>\n<\/tr>\n<tr>\n<td>TD.PF.B<\/td>\n<td>FixedReset Disc<\/td>\n<td>-2.37 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2048-12-18<br \/>\nMaturity Price  : 18.95<br \/>\nEvaluated at bid price : 18.95<br \/>\nBid-YTW : 5.75 %<\/td>\n<\/tr>\n<tr>\n<td>CU.PR.G<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-2.35 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2048-12-18<br \/>\nMaturity Price  : 19.50<br \/>\nEvaluated at bid price : 19.50<br \/>\nBid-YTW : 5.83 %<\/td>\n<\/tr>\n<tr>\n<td>SLF.PR.H<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>-2.25 %<\/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 : 18.24<br \/>\nBid-YTW : 9.48 %<\/td>\n<\/tr>\n<tr>\n<td>NA.PR.G<\/td>\n<td>FixedReset Disc<\/td>\n<td>-2.17 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2048-12-18<br \/>\nMaturity Price  : 21.14<br \/>\nEvaluated at bid price : 21.14<br \/>\nBid-YTW : 5.81 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PF.F<\/td>\n<td>FixedReset Disc<\/td>\n<td>-2.17 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2048-12-18<br \/>\nMaturity Price  : 19.84<br \/>\nEvaluated at bid price : 19.84<br \/>\nBid-YTW : 6.19 %<\/td>\n<\/tr>\n<tr>\n<td>TRP.PR.F<\/td>\n<td>FloatingReset<\/td>\n<td>-2.15 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2048-12-18<br \/>\nMaturity Price  : 15.50<br \/>\nEvaluated at bid price : 15.50<br \/>\nBid-YTW : 5.75 %<\/td>\n<\/tr>\n<tr>\n<td>SLF.PR.J<\/td>\n<td>FloatingReset<\/td>\n<td>-2.14 %<\/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 : 14.60<br \/>\nBid-YTW : 13.15 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PF.C<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-2.09 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2048-12-18<br \/>\nMaturity Price  : 19.17<br \/>\nEvaluated at bid price : 19.17<br \/>\nBid-YTW : 6.36 %<\/td>\n<\/tr>\n<tr>\n<td>PWF.PR.O<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-2.07 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2048-12-18<br \/>\nMaturity Price  : 23.84<br \/>\nEvaluated at bid price : 24.09<br \/>\nBid-YTW : 6.11 %<\/td>\n<\/tr>\n<tr>\n<td>BIP.PR.A<\/td>\n<td>FixedReset Disc<\/td>\n<td>-2.01 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2048-12-18<br \/>\nMaturity Price  : 19.50<br \/>\nEvaluated at bid price : 19.50<br \/>\nBid-YTW : 7.09 %<\/td>\n<\/tr>\n<tr>\n<td>HSE.PR.E<\/td>\n<td>FixedReset Disc<\/td>\n<td>-1.95 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2048-12-18<br \/>\nMaturity Price  : 19.15<br \/>\nEvaluated at bid price : 19.15<br \/>\nBid-YTW : 7.23 %<\/td>\n<\/tr>\n<tr>\n<td>NA.PR.C<\/td>\n<td>FixedReset Disc<\/td>\n<td>-1.95 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2048-12-18<br \/>\nMaturity Price  : 21.36<br \/>\nEvaluated at bid price : 21.67<br \/>\nBid-YTW : 6.09 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PF.G<\/td>\n<td>FixedReset Disc<\/td>\n<td>-1.90 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2048-12-18<br \/>\nMaturity Price  : 19.60<br \/>\nEvaluated at bid price : 19.60<br \/>\nBid-YTW : 6.21 %<\/td>\n<\/tr>\n<tr>\n<td>TRP.PR.C<\/td>\n<td>FixedReset Disc<\/td>\n<td>-1.88 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2048-12-18<br \/>\nMaturity Price  : 13.58<br \/>\nEvaluated at bid price : 13.58<br \/>\nBid-YTW : 6.36 %<\/td>\n<\/tr>\n<tr>\n<td>RY.PR.H<\/td>\n<td>FixedReset Disc<\/td>\n<td>-1.88 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2048-12-18<br \/>\nMaturity Price  : 19.35<br \/>\nEvaluated at bid price : 19.35<br \/>\nBid-YTW : 5.60 %<\/td>\n<\/tr>\n<tr>\n<td>TD.PF.A<\/td>\n<td>FixedReset Disc<\/td>\n<td>-1.82 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2048-12-18<br \/>\nMaturity Price  : 18.85<br \/>\nEvaluated at bid price : 18.85<br \/>\nBid-YTW : 5.74 %<\/td>\n<\/tr>\n<tr>\n<td>HSE.PR.A<\/td>\n<td>FixedReset Disc<\/td>\n<td>-1.75 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2048-12-18<br \/>\nMaturity Price  : 12.34<br \/>\nEvaluated at bid price : 12.34<br \/>\nBid-YTW : 7.26 %<\/td>\n<\/tr>\n<tr>\n<td>CM.PR.P<\/td>\n<td>FixedReset Disc<\/td>\n<td>-1.70 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2048-12-18<br \/>\nMaturity Price  : 18.50<br \/>\nEvaluated at bid price : 18.50<br \/>\nBid-YTW : 5.82 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PR.K<\/td>\n<td>Floater<\/td>\n<td>-1.69 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2048-12-18<br \/>\nMaturity Price  : 12.25<br \/>\nEvaluated at bid price : 12.25<br \/>\nBid-YTW : 5.65 %<\/td>\n<\/tr>\n<tr>\n<td>TRP.PR.A<\/td>\n<td>FixedReset Disc<\/td>\n<td>-1.68 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2048-12-18<br \/>\nMaturity Price  : 15.20<br \/>\nEvaluated at bid price : 15.20<br \/>\nBid-YTW : 6.48 %<\/td>\n<\/tr>\n<tr>\n<td>BIP.PR.F<\/td>\n<td>FixedReset Disc<\/td>\n<td>-1.60 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2048-12-18<br \/>\nMaturity Price  : 21.50<br \/>\nEvaluated at bid price : 21.50<br \/>\nBid-YTW : 5.96 %<\/td>\n<\/tr>\n<tr>\n<td>MFC.PR.N<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>-1.51 %<\/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 : 18.23<br \/>\nBid-YTW : 10.36 %<\/td>\n<\/tr>\n<tr>\n<td>PWF.PR.L<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-1.51 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2048-12-18<br \/>\nMaturity Price  : 21.50<br \/>\nEvaluated at bid price : 21.50<br \/>\nBid-YTW : 6.03 %<\/td>\n<\/tr>\n<tr>\n<td>PWF.PR.P<\/td>\n<td>FixedReset Disc<\/td>\n<td>-1.48 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2048-12-18<br \/>\nMaturity Price  : 14.68<br \/>\nEvaluated at bid price : 14.68<br \/>\nBid-YTW : 5.99 %<\/td>\n<\/tr>\n<tr>\n<td>PWF.PR.R<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-1.37 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2048-12-18<br \/>\nMaturity Price  : 22.81<br \/>\nEvaluated at bid price : 23.07<br \/>\nBid-YTW : 6.05 %<\/td>\n<\/tr>\n<tr>\n<td>GWO.PR.G<\/td>\n<td>Deemed-Retractible<\/td>\n<td>-1.36 %<\/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 : 7.98 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PR.T<\/td>\n<td>FixedReset Disc<\/td>\n<td>-1.34 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2048-12-18<br \/>\nMaturity Price  : 16.18<br \/>\nEvaluated at bid price : 16.18<br \/>\nBid-YTW : 6.48 %<\/td>\n<\/tr>\n<tr>\n<td>TRP.PR.E<\/td>\n<td>FixedReset Disc<\/td>\n<td>-1.33 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2048-12-18<br \/>\nMaturity Price  : 17.75<br \/>\nEvaluated at bid price : 17.75<br \/>\nBid-YTW : 6.28 %<\/td>\n<\/tr>\n<tr>\n<td>BNS.PR.I<\/td>\n<td>FixedReset Disc<\/td>\n<td>-1.31 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2048-12-18<br \/>\nMaturity Price  : 22.01<br \/>\nEvaluated at bid price : 22.56<br \/>\nBid-YTW : 5.15 %<\/td>\n<\/tr>\n<tr>\n<td>BMO.PR.W<\/td>\n<td>FixedReset Disc<\/td>\n<td>-1.30 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2048-12-18<br \/>\nMaturity Price  : 19.00<br \/>\nEvaluated at bid price : 19.00<br \/>\nBid-YTW : 5.64 %<\/td>\n<\/tr>\n<tr>\n<td>PWF.PR.E<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-1.28 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2048-12-18<br \/>\nMaturity Price  : 22.77<br \/>\nEvaluated at bid price : 23.05<br \/>\nBid-YTW : 6.05 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PF.D<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-1.26 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2048-12-18<br \/>\nMaturity Price  : 19.52<br \/>\nEvaluated at bid price : 19.52<br \/>\nBid-YTW : 6.31 %<\/td>\n<\/tr>\n<tr>\n<td>MFC.PR.I<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>-1.26 %<\/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 : 20.36<br \/>\nBid-YTW : 8.55 %<\/td>\n<\/tr>\n<tr>\n<td>BMO.PR.E<\/td>\n<td>FixedReset Disc<\/td>\n<td>-1.22 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2048-12-18<br \/>\nMaturity Price  : 22.04<br \/>\nEvaluated at bid price : 22.60<br \/>\nBid-YTW : 5.35 %<\/td>\n<\/tr>\n<tr>\n<td>MFC.PR.M<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>-1.22 %<\/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 : 18.61<br \/>\nBid-YTW : 10.06 %<\/td>\n<\/tr>\n<tr>\n<td>TD.PF.C<\/td>\n<td>FixedReset Disc<\/td>\n<td>-1.15 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2048-12-18<br \/>\nMaturity Price  : 18.88<br \/>\nEvaluated at bid price : 18.88<br \/>\nBid-YTW : 5.72 %<\/td>\n<\/tr>\n<tr>\n<td>NA.PR.W<\/td>\n<td>FixedReset Disc<\/td>\n<td>-1.12 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2048-12-18<br \/>\nMaturity Price  : 17.65<br \/>\nEvaluated at bid price : 17.65<br \/>\nBid-YTW : 6.12 %<\/td>\n<\/tr>\n<tr>\n<td>GWO.PR.L<\/td>\n<td>Deemed-Retractible<\/td>\n<td>-1.05 %<\/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 : 23.50<br \/>\nBid-YTW : 6.87 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PR.M<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-1.03 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2048-12-18<br \/>\nMaturity Price  : 19.13<br \/>\nEvaluated at bid price : 19.13<br \/>\nBid-YTW : 6.24 %<\/td>\n<\/tr>\n<tr>\n<td>EIT.PR.A<\/td>\n<td>SplitShare<\/td>\n<td>1.04 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Soft Maturity<br \/>\nMaturity Date\t: 2024-03-14<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 24.35<br \/>\nBid-YTW : 5.42 %<\/td>\n<\/tr>\n<tr>\n<td>PWF.PR.K<\/td>\n<td>Perpetual-Discount<\/td>\n<td>1.16 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2048-12-18<br \/>\nMaturity Price  : 21.00<br \/>\nEvaluated at bid price : 21.00<br \/>\nBid-YTW : 5.99 %<\/td>\n<\/tr>\n<tr>\n<td>MFC.PR.Q<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>1.19 %<\/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 : 20.49<br \/>\nBid-YTW : 8.57 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PR.R<\/td>\n<td>FixedReset Disc<\/td>\n<td>1.23 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2048-12-18<br \/>\nMaturity Price  : 16.40<br \/>\nEvaluated at bid price : 16.40<br \/>\nBid-YTW : 6.33 %<\/td>\n<\/tr>\n<tr>\n<td>TRP.PR.D<\/td>\n<td>FixedReset Disc<\/td>\n<td>1.24 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2048-12-18<br \/>\nMaturity Price  : 18.02<br \/>\nEvaluated at bid price : 18.02<br \/>\nBid-YTW : 6.23 %<\/td>\n<\/tr>\n<tr>\n<td>IAG.PR.A<\/td>\n<td>Deemed-Retractible<\/td>\n<td>1.31 %<\/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 : 20.87<br \/>\nBid-YTW : 8.09 %<\/td>\n<\/tr>\n<tr>\n<td>EML.PR.A<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>1.32 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Call<br \/>\nMaturity Date\t: 2021-04-17<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 25.33<br \/>\nBid-YTW : 4.96 %<\/td>\n<\/tr>\n<tr>\n<td>EMA.PR.F<\/td>\n<td>FixedReset Disc<\/td>\n<td>1.47 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2048-12-18<br \/>\nMaturity Price  : 18.65<br \/>\nEvaluated at bid price : 18.65<br \/>\nBid-YTW : 6.30 %<\/td>\n<\/tr>\n<tr>\n<td>BIP.PR.D<\/td>\n<td>FixedReset Disc<\/td>\n<td>1.51 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2048-12-18<br \/>\nMaturity Price  : 22.31<br \/>\nEvaluated at bid price : 22.84<br \/>\nBid-YTW : 6.19 %<\/td>\n<\/tr>\n<tr>\n<td>RY.PR.S<\/td>\n<td>FixedReset Disc<\/td>\n<td>1.76 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2048-12-18<br \/>\nMaturity Price  : 21.58<br \/>\nEvaluated at bid price : 21.93<br \/>\nBid-YTW : 5.22 %<\/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>RY.PR.S<\/td>\n<td>FixedReset Disc<\/td>\n<td>213,606<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2048-12-18<br \/>\nMaturity Price  : 21.58<br \/>\nEvaluated at bid price : 21.93<br \/>\nBid-YTW : 5.22 %<\/td>\n<\/tr>\n<tr>\n<td>SLF.PR.C<\/td>\n<td>Deemed-Retractible<\/td>\n<td>162,729<\/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 : 19.26<br \/>\nBid-YTW : 9.50 %<\/td>\n<\/tr>\n<tr>\n<td>RY.PR.Z<\/td>\n<td>FixedReset Disc<\/td>\n<td>121,794<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2048-12-18<br \/>\nMaturity Price  : 19.55<br \/>\nEvaluated at bid price : 19.55<br \/>\nBid-YTW : 5.49 %<\/td>\n<\/tr>\n<tr>\n<td>TD.PF.B<\/td>\n<td>FixedReset Disc<\/td>\n<td>110,688<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2048-12-18<br \/>\nMaturity Price  : 18.95<br \/>\nEvaluated at bid price : 18.95<br \/>\nBid-YTW : 5.75 %<\/td>\n<\/tr>\n<tr>\n<td>SLF.PR.J<\/td>\n<td>FloatingReset<\/td>\n<td>85,031<\/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 : 14.60<br \/>\nBid-YTW : 13.15 %<\/td>\n<\/tr>\n<tr>\n<td>TD.PF.C<\/td>\n<td>FixedReset Disc<\/td>\n<td>60,921<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2048-12-18<br \/>\nMaturity Price  : 18.88<br \/>\nEvaluated at bid price : 18.88<br \/>\nBid-YTW : 5.72 %<\/td>\n<\/tr>\n<tr>\n<td colspan=\"4\">There were 89 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.C<\/td>\n<td>FixedReset Disc<\/td>\n<td>Quote: 13.58 &#8211; 16.45<br \/>\nSpot Rate  :  2.8700<br \/>\nAverage  :  1.6470<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2048-12-18<br \/>\nMaturity Price  : 13.58<br \/>\nEvaluated at bid price : 13.58<br \/>\nBid-YTW : 6.36 %<\/td>\n<\/tr>\n<tr>\n<td>VNR.PR.A<\/td>\n<td>FixedReset Disc<\/td>\n<td>Quote: 21.46 &#8211; 23.63<br \/>\nSpot Rate  :  2.1700<br \/>\nAverage  :  1.2267<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2048-12-18<br \/>\nMaturity Price  : 21.46<br \/>\nEvaluated at bid price : 21.46<br \/>\nBid-YTW : 5.69 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PF.F<\/td>\n<td>FixedReset Disc<\/td>\n<td>Quote: 19.84 &#8211; 22.00<br \/>\nSpot Rate  :  2.1600<br \/>\nAverage  :  1.2681<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2048-12-18<br \/>\nMaturity Price  : 19.84<br \/>\nEvaluated at bid price : 19.84<br \/>\nBid-YTW : 6.19 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PF.B<\/td>\n<td>FixedReset Disc<\/td>\n<td>Quote: 18.75 &#8211; 20.58<br \/>\nSpot Rate  :  1.8300<br \/>\nAverage  :  1.2910<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2048-12-18<br \/>\nMaturity Price  : 18.75<br \/>\nEvaluated at bid price : 18.75<br \/>\nBid-YTW : 6.26 %<\/td>\n<\/tr>\n<tr>\n<td>W.PR.H<\/td>\n<td>Perpetual-Discount<\/td>\n<td>Quote: 23.09 &#8211; 24.20<br \/>\nSpot Rate  :  1.1100<br \/>\nAverage  :  0.6628<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2048-12-18<br \/>\nMaturity Price  : 22.81<br \/>\nEvaluated at bid price : 23.09<br \/>\nBid-YTW : 6.06 %<\/td>\n<\/tr>\n<tr>\n<td>BMO.PR.D<\/td>\n<td>FixedReset Disc<\/td>\n<td>Quote: 22.47 &#8211; 23.20<br \/>\nSpot Rate  :  0.7300<br \/>\nAverage  :  0.4259<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2048-12-18<br \/>\nMaturity Price  : 22.03<br \/>\nEvaluated at bid price : 22.47<br \/>\nBid-YTW : 5.64 %<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Click for Big The Five-Year Canada closed yielding 1.94% today, which probably didn&#8217;t help the market much. And tomorrow we&#8217;ll see what the Fed says, which could make the afternoon interesting! HIMIPref&trade; Preferred IndicesThese values &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-49848","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/49848","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=49848"}],"version-history":[{"count":1,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/49848\/revisions"}],"predecessor-version":[{"id":49849,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/49848\/revisions\/49849"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=49848"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=49848"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=49848"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}