{"id":49915,"date":"2019-01-24T20:21:00","date_gmt":"2019-01-25T01:21:00","guid":{"rendered":"https:\/\/prefblog.com\/?p=49915"},"modified":"2025-08-28T20:24:25","modified_gmt":"2025-08-29T00:24:25","slug":"january-24-2019","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=49915","title":{"rendered":"January 24, 2019"},"content":{"rendered":"<div align=\"center\"><a href=\"https:\/\/prefblog.com\/wp-content\/uploads\/2019\/01\/explosion_190124.jpg\"><img fetchpriority=\"high\" decoding=\"async\" src=\"https:\/\/prefblog.com\/wp-content\/uploads\/2019\/01\/explosion_190124-300x201.jpg\" alt=\"explosion_190124\" width=\"400\" height=\"268\" class=\"alignnone size-medium wp-image-38008\"><\/a><br \/><i>Click for Big<\/i><\/div>\n<p>TXPR <a href=\"https:\/\/web.tmxmoney.com\/quote.php?qm_symbol=txpr\">closed at 622.78<\/a>, down 0.51% on the day. Volume of 3.13-million was second only to <a href=\"https:\/\/prefblog.com\/?p=37973\">January 18<\/a> in the past thirty days. I note that <a href=\"https:\/\/prefblog.com\/?p=38002\">yesterday<\/a> the TXPR Total Return index turned negative for the month-to-date &#8230; well, it&#8217;s more negative now! <\/p>\n<p>CPD <a href=\"https:\/\/web.tmxmoney.com\/quote.php?qm_symbol=cpd\">closed at 12.52<\/a>, down 0.08% on the day. Volume of 124,907 was mid-range in the context of the past thirty days.<\/p>\n<p>ZPR <a href=\"https:\/\/web.tmxmoney.com\/quote.php?qm_symbol=zpr\">closed at 10.16<\/a>, down 0.20% on the day. Volume of 166,964 was  mid-range in the context of the past thirty days.<\/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>-0.3990 %<\/td>\n<td>2,310.5<\/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>-0.3990 %<\/td>\n<td>4,239.6<\/td>\n<\/tr>\n<tr>\n<td>Floater<\/td>\n<td>5.08 %<\/td>\n<td>5.40 %<\/td>\n<td>35,647<\/td>\n<td>14.82<\/td>\n<td>4<\/td>\n<td>-0.3990 %<\/td>\n<td>2,443.3<\/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>-0.0804 %<\/td>\n<td>3,200.8<\/td>\n<\/tr>\n<tr>\n<td>SplitShare<\/td>\n<td>4.94 %<\/td>\n<td>4.68 %<\/td>\n<td>72,088<\/td>\n<td>4.00<\/td>\n<td>8<\/td>\n<td>-0.0804 %<\/td>\n<td>3,822.4<\/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>-0.0804 %<\/td>\n<td>2,982.4<\/td>\n<\/tr>\n<tr>\n<td>Perpetual-Premium<\/td>\n<td>5.92 %<\/td>\n<td>-2.87 %<\/td>\n<td>152,740<\/td>\n<td>0.08<\/td>\n<td>2<\/td>\n<td>0.1195 %<\/td>\n<td>2,881.1<\/td>\n<\/tr>\n<tr>\n<td>Perpetual-Discount<\/td>\n<td>5.64 %<\/td>\n<td>5.76 %<\/td>\n<td>85,635<\/td>\n<td>14.25<\/td>\n<td>33<\/td>\n<td>-0.0053 %<\/td>\n<td>2,946.8<\/td>\n<\/tr>\n<tr>\n<td>FixedReset Disc<\/td>\n<td>5.16 %<\/td>\n<td>5.67 %<\/td>\n<td>225,161<\/td>\n<td>14.49<\/td>\n<td>64<\/td>\n<td>-1.0828 %<\/td>\n<td>2,191.9<\/td>\n<\/tr>\n<tr>\n<td>Deemed-Retractible<\/td>\n<td>5.41 %<\/td>\n<td>6.41 %<\/td>\n<td>88,401<\/td>\n<td>8.16<\/td>\n<td>27<\/td>\n<td>-0.1029 %<\/td>\n<td>2,932.3<\/td>\n<\/tr>\n<tr>\n<td>FloatingReset<\/td>\n<td>4.13 %<\/td>\n<td>4.50 %<\/td>\n<td>50,966<\/td>\n<td>2.88<\/td>\n<td>7<\/td>\n<td>-0.0379 %<\/td>\n<td>2,434.3<\/td>\n<\/tr>\n<tr>\n<td>FixedReset Prem<\/td>\n<td>5.16 %<\/td>\n<td>4.67 %<\/td>\n<td>257,744<\/td>\n<td>2.19<\/td>\n<td>17<\/td>\n<td>-0.1438 %<\/td>\n<td>2,510.4<\/td>\n<\/tr>\n<tr>\n<td>FixedReset Bank Non<\/td>\n<td>2.99 %<\/td>\n<td>3.86 %<\/td>\n<td>152,613<\/td>\n<td>2.84<\/td>\n<td>6<\/td>\n<td>0.1315 %<\/td>\n<td>2,573.3<\/td>\n<\/tr>\n<tr>\n<td>FixedReset Ins Non<\/td>\n<td>5.13 %<\/td>\n<td>7.16 %<\/td>\n<td>135,773<\/td>\n<td>8.21<\/td>\n<td>22<\/td>\n<td>-0.7756 %<\/td>\n<td>2,169.1<\/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>TD.PF.D<\/td>\n<td>FixedReset Disc<\/td>\n<td>-13.03 %<\/td>\n<td>A nonsensical quote provided at high cost by <a href=\"https:\/\/tmx.com\/\">Nonsense Central<\/a>, as the issue <a href=\"https:\/\/web.tmxmoney.com\/quote.php?qm_symbol=td.pf.d\">traded 63,100 shares today<\/a> in a range of 21.67-93 before being quoted at 19.03-21.70. The closing price was 21.69.<\/p>\n<p>I have not checked whether the lamentable state of the quote is due to <a href=\"https:\/\/prefblog.com\/?p=13796\">inadequate Toronto Stock Exchange reporting<\/a> or <a href=\"https:\/\/prefblog.com\/?p=13889\">inadequate Toronto Stock Exchange supervision of market-makers<\/a>.<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-01-24<br \/>\nMaturity Price  : 19.03<br \/>\nEvaluated at bid price : 19.03<br \/>\nBid-YTW : 6.14 %<\/td>\n<\/tr>\n<tr>\n<td>MFC.PR.K<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>-8.31 %<\/td>\n<td>A nonsensical quote provided at high cost by <a href=\"https:\/\/tmx.com\/\">Nonsense Central<\/a>, as the issue <a href=\"https:\/\/web.tmxmoney.com\/quote.php?qm_symbol=mfc.pr.k\">traded 6,955 shares today<\/a> in a range of 18.96-48 before being quoted at 17.10-19.26. The closing price was 18.96.<\/p>\n<p>I have not checked whether the lamentable state of the quote is due to <a href=\"https:\/\/prefblog.com\/?p=13796\">inadequate Toronto Stock Exchange reporting<\/a> or <a href=\"https:\/\/prefblog.com\/?p=13889\">inadequate Toronto Stock Exchange supervision of market-makers<\/a>.<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Hard Maturity<br \/>\nMaturity Date\t: 2030-01-31<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 17.10<br \/>\nBid-YTW : 8.99 %<\/td>\n<\/tr>\n<tr>\n<td>TD.PF.E<\/td>\n<td>FixedReset Disc<\/td>\n<td>-6.19 %<\/td>\n<td>A nonsensical quote provided at high cost by <a href=\"https:\/\/tmx.com\/\">Nonsense Central<\/a>, as the issue <a href=\"https:\/\/web.tmxmoney.com\/quote.php?qm_symbol=td.pf.e\">traded 1,920 shares today<\/a> in a range of 21.90-13 before being quoted at 20.76-22.01. The closing price was 21.95.<\/p>\n<p>I have not checked whether the lamentable state of the quote is due to <a href=\"https:\/\/prefblog.com\/?p=13796\">inadequate Toronto Stock Exchange reporting<\/a> or <a href=\"https:\/\/prefblog.com\/?p=13889\">inadequate Toronto Stock Exchange supervision of market-makers<\/a>.<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-01-24<br \/>\nMaturity Price  : 20.76<br \/>\nEvaluated at bid price : 20.76<br \/>\nBid-YTW : 5.71 %<\/td>\n<\/tr>\n<tr>\n<td>TD.PF.J<\/td>\n<td>FixedReset Disc<\/td>\n<td>-4.74 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-01-24<br \/>\nMaturity Price  : 21.10<br \/>\nEvaluated at bid price : 21.10<br \/>\nBid-YTW : 5.56 %<\/td>\n<\/tr>\n<tr>\n<td>RY.PR.H<\/td>\n<td>FixedReset Disc<\/td>\n<td>-4.09 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-01-24<br \/>\nMaturity Price  : 18.75<br \/>\nEvaluated at bid price : 18.75<br \/>\nBid-YTW : 5.63 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PR.Z<\/td>\n<td>FixedReset Disc<\/td>\n<td>-3.95 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-01-24<br \/>\nMaturity Price  : 20.65<br \/>\nEvaluated at bid price : 20.65<br \/>\nBid-YTW : 5.96 %<\/td>\n<\/tr>\n<tr>\n<td>MFC.PR.I<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>-3.24 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Hard Maturity<br \/>\nMaturity Date\t: 2030-01-31<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 19.70<br \/>\nBid-YTW : 7.61 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PF.F<\/td>\n<td>FixedReset Disc<\/td>\n<td>-3.19 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-01-24<br \/>\nMaturity Price  : 19.41<br \/>\nEvaluated at bid price : 19.41<br \/>\nBid-YTW : 6.27 %<\/td>\n<\/tr>\n<tr>\n<td>BIP.PR.A<\/td>\n<td>FixedReset Disc<\/td>\n<td>-2.92 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-01-24<br \/>\nMaturity Price  : 20.25<br \/>\nEvaluated at bid price : 20.25<br \/>\nBid-YTW : 6.79 %<\/td>\n<\/tr>\n<tr>\n<td>NA.PR.G<\/td>\n<td>FixedReset Disc<\/td>\n<td>-2.70 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-01-24<br \/>\nMaturity Price  : 21.32<br \/>\nEvaluated at bid price : 21.60<br \/>\nBid-YTW : 5.54 %<\/td>\n<\/tr>\n<tr>\n<td>RY.PR.M<\/td>\n<td>FixedReset Disc<\/td>\n<td>-2.66 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-01-24<br \/>\nMaturity Price  : 20.87<br \/>\nEvaluated at bid price : 20.87<br \/>\nBid-YTW : 5.38 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PF.E<\/td>\n<td>FixedReset Disc<\/td>\n<td>-2.49 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-01-24<br \/>\nMaturity Price  : 19.20<br \/>\nEvaluated at bid price : 19.20<br \/>\nBid-YTW : 5.93 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PR.K<\/td>\n<td>Floater<\/td>\n<td>-2.43 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-01-24<br \/>\nMaturity Price  : 12.85<br \/>\nEvaluated at bid price : 12.85<br \/>\nBid-YTW : 5.44 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PR.T<\/td>\n<td>FixedReset Disc<\/td>\n<td>-2.35 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-01-24<br \/>\nMaturity Price  : 17.02<br \/>\nEvaluated at bid price : 17.02<br \/>\nBid-YTW : 6.12 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PF.A<\/td>\n<td>FixedReset Disc<\/td>\n<td>-2.22 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-01-24<br \/>\nMaturity Price  : 21.33<br \/>\nEvaluated at bid price : 21.61<br \/>\nBid-YTW : 5.74 %<\/td>\n<\/tr>\n<tr>\n<td>GWO.PR.R<\/td>\n<td>Deemed-Retractible<\/td>\n<td>-2.08 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Hard Maturity<br \/>\nMaturity Date\t: 2030-01-31<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 21.64<br \/>\nBid-YTW : 6.62 %<\/td>\n<\/tr>\n<tr>\n<td>TD.PF.K<\/td>\n<td>FixedReset Disc<\/td>\n<td>-2.06 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-01-24<br \/>\nMaturity Price  : 21.40<br \/>\nEvaluated at bid price : 21.40<br \/>\nBid-YTW : 5.41 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PR.X<\/td>\n<td>FixedReset Disc<\/td>\n<td>-2.02 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-01-24<br \/>\nMaturity Price  : 15.07<br \/>\nEvaluated at bid price : 15.07<br \/>\nBid-YTW : 5.95 %<\/td>\n<\/tr>\n<tr>\n<td>BNS.PR.I<\/td>\n<td>FixedReset Disc<\/td>\n<td>-1.98 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-01-24<br \/>\nMaturity Price  : 22.12<br \/>\nEvaluated at bid price : 22.74<br \/>\nBid-YTW : 4.96 %<\/td>\n<\/tr>\n<tr>\n<td>BMO.PR.E<\/td>\n<td>FixedReset Disc<\/td>\n<td>-1.91 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-01-24<br \/>\nMaturity Price  : 22.03<br \/>\nEvaluated at bid price : 22.58<br \/>\nBid-YTW : 5.33 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PF.B<\/td>\n<td>FixedReset Disc<\/td>\n<td>-1.75 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-01-24<br \/>\nMaturity Price  : 19.60<br \/>\nEvaluated at bid price : 19.60<br \/>\nBid-YTW : 5.93 %<\/td>\n<\/tr>\n<tr>\n<td>TD.PF.I<\/td>\n<td>FixedReset Disc<\/td>\n<td>-1.44 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-01-24<br \/>\nMaturity Price  : 22.15<br \/>\nEvaluated at bid price : 22.65<br \/>\nBid-YTW : 5.37 %<\/td>\n<\/tr>\n<tr>\n<td>IFC.PR.C<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>-1.43 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Hard Maturity<br \/>\nMaturity Date\t: 2030-01-31<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 18.60<br \/>\nBid-YTW : 7.81 %<\/td>\n<\/tr>\n<tr>\n<td>PWF.PR.S<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-1.41 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-01-24<br \/>\nMaturity Price  : 20.95<br \/>\nEvaluated at bid price : 20.95<br \/>\nBid-YTW : 5.76 %<\/td>\n<\/tr>\n<tr>\n<td>VNR.PR.A<\/td>\n<td>FixedReset Disc<\/td>\n<td>-1.35 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-01-24<br \/>\nMaturity Price  : 21.59<br \/>\nEvaluated at bid price : 21.85<br \/>\nBid-YTW : 5.45 %<\/td>\n<\/tr>\n<tr>\n<td>CM.PR.R<\/td>\n<td>FixedReset Disc<\/td>\n<td>-1.34 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-01-24<br \/>\nMaturity Price  : 22.26<br \/>\nEvaluated at bid price : 22.80<br \/>\nBid-YTW : 5.63 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PR.R<\/td>\n<td>FixedReset Disc<\/td>\n<td>-1.33 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-01-24<br \/>\nMaturity Price  : 17.02<br \/>\nEvaluated at bid price : 17.02<br \/>\nBid-YTW : 6.05 %<\/td>\n<\/tr>\n<tr>\n<td>MFC.PR.M<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>-1.33 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Hard Maturity<br \/>\nMaturity Date\t: 2030-01-31<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 18.55<br \/>\nBid-YTW : 7.93 %<\/td>\n<\/tr>\n<tr>\n<td>NA.PR.S<\/td>\n<td>FixedReset Disc<\/td>\n<td>-1.26 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-01-24<br \/>\nMaturity Price  : 18.76<br \/>\nEvaluated at bid price : 18.76<br \/>\nBid-YTW : 5.83 %<\/td>\n<\/tr>\n<tr>\n<td>MFC.PR.G<\/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: 2030-01-31<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 20.25<br \/>\nBid-YTW : 7.16 %<\/td>\n<\/tr>\n<tr>\n<td>GRP.PR.A<\/td>\n<td>SplitShare<\/td>\n<td>-1.18 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Call<br \/>\nMaturity Date\t: 2019-02-23<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 25.11<br \/>\nBid-YTW : 2.77 %<\/td>\n<\/tr>\n<tr>\n<td>MFC.PR.N<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>-1.15 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Hard Maturity<br \/>\nMaturity Date\t: 2030-01-31<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 18.05<br \/>\nBid-YTW : 8.17 %<\/td>\n<\/tr>\n<tr>\n<td>EMA.PR.F<\/td>\n<td>FixedReset Disc<\/td>\n<td>-1.04 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-01-24<br \/>\nMaturity Price  : 20.05<br \/>\nEvaluated at bid price : 20.05<br \/>\nBid-YTW : 5.81 %<\/td>\n<\/tr>\n<tr>\n<td>CM.PR.S<\/td>\n<td>FixedReset Disc<\/td>\n<td>-1.02 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-01-24<br \/>\nMaturity Price  : 20.35<br \/>\nEvaluated at bid price : 20.35<br \/>\nBid-YTW : 5.48 %<\/td>\n<\/tr>\n<tr>\n<td>SLF.PR.H<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>-1.02 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Hard Maturity<br \/>\nMaturity Date\t: 2030-01-31<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 17.51<br \/>\nBid-YTW : 7.93 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PR.M<\/td>\n<td>Perpetual-Discount<\/td>\n<td>1.00 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-01-24<br \/>\nMaturity Price  : 20.20<br \/>\nEvaluated at bid price : 20.20<br \/>\nBid-YTW : 5.95 %<\/td>\n<\/tr>\n<tr>\n<td>PWF.PR.T<\/td>\n<td>FixedReset Disc<\/td>\n<td>1.05 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-01-24<br \/>\nMaturity Price  : 19.20<br \/>\nEvaluated at bid price : 19.20<br \/>\nBid-YTW : 5.67 %<\/td>\n<\/tr>\n<tr>\n<td>BMO.PR.Y<\/td>\n<td>FixedReset Disc<\/td>\n<td>1.17 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-01-24<br \/>\nMaturity Price  : 21.35<br \/>\nEvaluated at bid price : 21.65<br \/>\nBid-YTW : 5.37 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PR.B<\/td>\n<td>Floater<\/td>\n<td>1.25 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-01-24<br \/>\nMaturity Price  : 12.93<br \/>\nEvaluated at bid price : 12.93<br \/>\nBid-YTW : 5.40 %<\/td>\n<\/tr>\n<tr>\n<td>CCS.PR.C<\/td>\n<td>Deemed-Retractible<\/td>\n<td>1.35 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Hard Maturity<br \/>\nMaturity Date\t: 2030-01-31<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 22.56<br \/>\nBid-YTW : 6.32 %<\/td>\n<\/tr>\n<tr>\n<td>MFC.PR.R<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>1.40 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Call<br \/>\nMaturity Date\t: 2022-03-19<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 24.59<br \/>\nBid-YTW : 5.63 %<\/td>\n<\/tr>\n<tr>\n<td>IFC.PR.F<\/td>\n<td>Deemed-Retractible<\/td>\n<td>1.44 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Hard Maturity<br \/>\nMaturity Date\t: 2030-01-31<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 23.18<br \/>\nBid-YTW : 6.31 %<\/td>\n<\/tr>\n<tr>\n<td>CU.PR.E<\/td>\n<td>Perpetual-Discount<\/td>\n<td>1.56 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-01-24<br \/>\nMaturity Price  : 21.86<br \/>\nEvaluated at bid price : 22.10<br \/>\nBid-YTW : 5.63 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PF.I<\/td>\n<td>FixedReset Prem<\/td>\n<td>1.87 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Call<br \/>\nMaturity Date\t: 2022-03-31<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 25.02<br \/>\nBid-YTW : 4.91 %<\/td>\n<\/tr>\n<tr>\n<td>HSE.PR.G<\/td>\n<td>FixedReset Disc<\/td>\n<td>1.98 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-01-24<br \/>\nMaturity Price  : 20.65<br \/>\nEvaluated at bid price : 20.65<br \/>\nBid-YTW : 6.62 %<\/td>\n<\/tr>\n<tr>\n<td>HSE.PR.E<\/td>\n<td>FixedReset Disc<\/td>\n<td>2.06 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-01-24<br \/>\nMaturity Price  : 20.78<br \/>\nEvaluated at bid price : 20.78<br \/>\nBid-YTW : 6.63 %<\/td>\n<\/tr>\n<tr>\n<td>HSE.PR.C<\/td>\n<td>FixedReset Disc<\/td>\n<td>2.08 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-01-24<br \/>\nMaturity Price  : 19.15<br \/>\nEvaluated at bid price : 19.15<br \/>\nBid-YTW : 6.68 %<\/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.L<\/td>\n<td>FixedReset Bank Non<\/td>\n<td>566,200<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Call<br \/>\nMaturity Date\t: 2019-02-24<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 24.96<br \/>\nBid-YTW : 1.90 %<\/td>\n<\/tr>\n<tr>\n<td>BMO.PR.B<\/td>\n<td>FixedReset Prem<\/td>\n<td>231,600<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Call<br \/>\nMaturity Date\t: 2022-02-25<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 25.53<br \/>\nBid-YTW : 4.41 %<\/td>\n<\/tr>\n<tr>\n<td>RY.PR.Q<\/td>\n<td>FixedReset Prem<\/td>\n<td>204,686<\/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 : 25.52<br \/>\nBid-YTW : 4.37 %<\/td>\n<\/tr>\n<tr>\n<td>TD.PF.H<\/td>\n<td>FixedReset Prem<\/td>\n<td>156,990<\/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 : 25.11<br \/>\nBid-YTW : 4.67 %<\/td>\n<\/tr>\n<tr>\n<td>CM.PR.T<\/td>\n<td>FixedReset Disc<\/td>\n<td>103,646<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-01-24<br \/>\nMaturity Price  : 23.04<br \/>\nEvaluated at bid price : 24.70<br \/>\nBid-YTW : 5.26 %<\/td>\n<\/tr>\n<tr>\n<td>TRP.PR.K<\/td>\n<td>FixedReset Disc<\/td>\n<td>76,233<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-01-24<br \/>\nMaturity Price  : 23.03<br \/>\nEvaluated at bid price : 24.23<br \/>\nBid-YTW : 5.84 %<\/td>\n<\/tr>\n<tr>\n<td colspan=\"4\">There were 43 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>TD.PF.D<\/td>\n<td>FixedReset Disc<\/td>\n<td>Quote: 19.03 &#8211; 21.70<br \/>\nSpot Rate  :  2.6700<br \/>\nAverage  :  1.5085<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-01-24<br \/>\nMaturity Price  : 19.03<br \/>\nEvaluated at bid price : 19.03<br \/>\nBid-YTW : 6.14 %<\/td>\n<\/tr>\n<tr>\n<td>MFC.PR.K<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>Quote: 17.10 &#8211; 19.26<br \/>\nSpot Rate  :  2.1600<br \/>\nAverage  :  1.4424<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Hard Maturity<br \/>\nMaturity Date\t: 2030-01-31<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 17.10<br \/>\nBid-YTW : 8.99 %<\/td>\n<\/tr>\n<tr>\n<td>TRP.PR.G<\/td>\n<td>FixedReset Disc<\/td>\n<td>Quote: 20.00 &#8211; 21.50<br \/>\nSpot Rate  :  1.5000<br \/>\nAverage  :  0.8940<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-01-24<br \/>\nMaturity Price  : 20.00<br \/>\nEvaluated at bid price : 20.00<br \/>\nBid-YTW : 6.09 %<\/td>\n<\/tr>\n<tr>\n<td>TD.PF.J<\/td>\n<td>FixedReset Disc<\/td>\n<td>Quote: 21.10 &#8211; 22.50<br \/>\nSpot Rate  :  1.4000<br \/>\nAverage  :  0.8594<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-01-24<br \/>\nMaturity Price  : 21.10<br \/>\nEvaluated at bid price : 21.10<br \/>\nBid-YTW : 5.56 %<\/td>\n<\/tr>\n<tr>\n<td>TD.PF.E<\/td>\n<td>FixedReset Disc<\/td>\n<td>Quote: 20.76 &#8211; 22.01<br \/>\nSpot Rate  :  1.2500<br \/>\nAverage  :  0.7975<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-01-24<br \/>\nMaturity Price  : 20.76<br \/>\nEvaluated at bid price : 20.76<br \/>\nBid-YTW : 5.71 %<\/td>\n<\/tr>\n<tr>\n<td>TD.PF.A<\/td>\n<td>FixedReset Disc<\/td>\n<td>Quote: 19.02 &#8211; 20.07<br \/>\nSpot Rate  :  1.0500<br \/>\nAverage  :  0.6744<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-01-24<br \/>\nMaturity Price  : 19.02<br \/>\nEvaluated at bid price : 19.02<br \/>\nBid-YTW : 5.54 %<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Click for Big TXPR closed at 622.78, down 0.51% on the day. Volume of 3.13-million was second only to January 18 in the past thirty days. I note that yesterday the TXPR Total Return index &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-49915","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/49915","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=49915"}],"version-history":[{"count":1,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/49915\/revisions"}],"predecessor-version":[{"id":49916,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/49915\/revisions\/49916"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=49915"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=49915"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=49915"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}