{"id":50607,"date":"2019-08-21T21:46:00","date_gmt":"2019-08-22T01:46:00","guid":{"rendered":"https:\/\/prefblog.com\/?p=50607"},"modified":"2025-11-11T21:48:19","modified_gmt":"2025-11-12T02:48:19","slug":"august-21-2019","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=50607","title":{"rendered":"August 21, 2019"},"content":{"rendered":"<p>There was good news for Poloz in <a href=\"https:\/\/www.theglobeandmail.com\/investing\/markets\/inside-the-market\/market-news\/article-canadian-dollar-strengthens-as-domestic-inflation-beats-estimates\/\">today&#8217;s inflation numbers<\/a>:<\/p>\n<blockquote>\n<p>The Canadian dollar strengthened against its U.S. counterpart on Wednesday, recovering from a two-month low it hit the previous day after stronger-than-expected domestic inflation data, but earlier gains were capped as the greenback rallied broadly.<\/p>\n<p>The U.S. dollar gained against a basket of currencies after minutes from the Federal Reserve\u2019s July meeting showed that policy-makers were united in wanting to avoid the appearance of being on the path to further rate cuts.<\/p>\n<p>Canada\u2019s annual inflation rate held steady in July at 2 per cent as lower costs for services were offset by higher prices for durable goods. Analysts had expected the annual rate to fall to 1.7 per cent from 2 per cent in June.<br \/><b>&#8230;<\/b><br \/>Canada\u2019s retail sales data is due on Friday, with a Reuters poll forecasting a 0.1 per cent decrease, which could help guide expectations about the Bank of Canada\u2019s interest rate decision.<\/p>\n<p>Canadian government bond prices were lower across the yield curve, with the two-year down 10 cents to yield 1.395 per cent and the 10-year falling 53 cents to yield 1.213 per cent.<\/p>\n<\/blockquote>\n<p>Each of the mainstream indicators made a new 52-week low today. This is getting monotonous.<\/p>\n<p>TXPR <a href=\"https:\/\/web.tmxmoney.com\/quote.php?qm_symbol=txpr\">closed at 575.08<\/a>, down 0.41% on the day after touching a new 52-week low of 574.94. Volume was 2.44-million, above average but nothing special in the context of the past 30 days.<\/p>\n<p>CPD <a href=\"https:\/\/web.tmxmoney.com\/quote.php?qm_symbol=cpd\">closed at 11.50<\/a>, a new 52-week low and down 0.26% on the day. Volume of 73,613 was above median and nothing special in the context of the past 30 days.<\/p>\n<p>ZPR <a href=\"https:\/\/web.tmxmoney.com\/quote.php?qm_symbol=zpr\">closed at 9.15<\/a>, a new 52-week low and down 0.11% on the day. Volume of 163,912 was a little above average but nothing special in the context of the past 30 days.<\/p>\n<p>Five-year Canada yields were <a href=\"https:\/\/www.investing.com\/rates-bonds\/canada-5-year-bond-yield-historical-data\">up 8bp to 1.28%<\/a> today. <\/p>\n<p>PerpetualDiscounts now yield 5.58%, equivalent to 7.25% interest at the standard equivalency factor of 1.3x. <a href=\"https:\/\/www.bmo.com\/gam\/ca\/advisor\/products\/etfs?fundUrl=\/fundProfile\/ZLC#fundUrl=%2FfundProfile%2FZLC\">Long corporates<\/a> now yield 3.15%, so the pre-tax interest-equivalent spread (in this context, the \u201cSeniority Spread\u201d) has widened to an eye-popping 410bp, a new post-Credit Crunch record (second only to the 445bp recorded <a href=\"https:\/\/prefblog.com\/?p=4178\">November 26, 2008<\/a>, a day on which <\/p>\n<blockquote>\n<p>The TXPR index was down 5.94% on <a href=\"http:\/\/www.prefblog.com\/?p=4162\">the BCE news<\/a>.<\/p>\n<\/blockquote>\n<p>) and a slight (and possibly spurious) widening from the 405bp the reported <a href=\"https:\/\/prefblog.com\/?p=39241\">August 14<\/a>.<\/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>-1.2115 %<\/td>\n<td>1,761.1<\/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>-1.2115 %<\/td>\n<td>3,231.5<\/td>\n<\/tr>\n<tr>\n<td>Floater<\/td>\n<td>6.78 %<\/td>\n<td>7.03 %<\/td>\n<td>41,782<\/td>\n<td>12.42<\/td>\n<td>4<\/td>\n<td>-1.2115 %<\/td>\n<td>1,862.3<\/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>0.4000 %<\/td>\n<td>3,364.6<\/td>\n<\/tr>\n<tr>\n<td>SplitShare<\/td>\n<td>4.68 %<\/td>\n<td>4.58 %<\/td>\n<td>63,063<\/td>\n<td>4.10<\/td>\n<td>7<\/td>\n<td>0.4000 %<\/td>\n<td>4,018.0<\/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>0.4000 %<\/td>\n<td>3,135.0<\/td>\n<\/tr>\n<tr>\n<td>Perpetual-Premium<\/td>\n<td>5.64 %<\/td>\n<td>-4.73 %<\/td>\n<td>64,392<\/td>\n<td>0.09<\/td>\n<td>9<\/td>\n<td>-0.1233 %<\/td>\n<td>2,969.9<\/td>\n<\/tr>\n<tr>\n<td>Perpetual-Discount<\/td>\n<td>5.51 %<\/td>\n<td>5.58 %<\/td>\n<td>54,682<\/td>\n<td>14.50<\/td>\n<td>25<\/td>\n<td>-0.4646 %<\/td>\n<td>3,092.5<\/td>\n<\/tr>\n<tr>\n<td>FixedReset Disc<\/td>\n<td>5.99 %<\/td>\n<td>5.61 %<\/td>\n<td>152,251<\/td>\n<td>14.49<\/td>\n<td>66<\/td>\n<td>-0.4109 %<\/td>\n<td>1,946.0<\/td>\n<\/tr>\n<tr>\n<td>Deemed-Retractible<\/td>\n<td>5.30 %<\/td>\n<td>6.14 %<\/td>\n<td>65,508<\/td>\n<td>7.84<\/td>\n<td>27<\/td>\n<td>-0.0384 %<\/td>\n<td>3,079.0<\/td>\n<\/tr>\n<tr>\n<td>FloatingReset<\/td>\n<td>4.76 %<\/td>\n<td>7.56 %<\/td>\n<td>61,878<\/td>\n<td>7.85<\/td>\n<td>3<\/td>\n<td>-0.0617 %<\/td>\n<td>2,232.3<\/td>\n<\/tr>\n<tr>\n<td>FixedReset Prem<\/td>\n<td>5.22 %<\/td>\n<td>4.95 %<\/td>\n<td>170,782<\/td>\n<td>1.90<\/td>\n<td>21<\/td>\n<td>-0.0910 %<\/td>\n<td>2,553.9<\/td>\n<\/tr>\n<tr>\n<td>FixedReset Bank Non<\/td>\n<td>2.00 %<\/td>\n<td>4.56 %<\/td>\n<td>89,175<\/td>\n<td>2.37<\/td>\n<td>3<\/td>\n<td>-0.1261 %<\/td>\n<td>2,635.9<\/td>\n<\/tr>\n<tr>\n<td>FixedReset Ins Non<\/td>\n<td>5.67 %<\/td>\n<td>8.23 %<\/td>\n<td>101,606<\/td>\n<td>7.96<\/td>\n<td>21<\/td>\n<td>-0.3749 %<\/td>\n<td>2,024.5<\/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>-2.94 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-08-21<br \/>\nMaturity Price  : 15.53<br \/>\nEvaluated at bid price : 15.53<br \/>\nBid-YTW : 7.14 %<\/td>\n<\/tr>\n<tr>\n<td>BMO.PR.S<\/td>\n<td>FixedReset Disc<\/td>\n<td>-2.58 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-08-21<br \/>\nMaturity Price  : 16.60<br \/>\nEvaluated at bid price : 16.60<br \/>\nBid-YTW : 5.49 %<\/td>\n<\/tr>\n<tr>\n<td>NA.PR.G<\/td>\n<td>FixedReset Disc<\/td>\n<td>-2.53 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-08-21<br \/>\nMaturity Price  : 18.50<br \/>\nEvaluated at bid price : 18.50<br \/>\nBid-YTW : 5.75 %<\/td>\n<\/tr>\n<tr>\n<td>BMO.PR.Z<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-2.24 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-08-21<br \/>\nMaturity Price  : 23.51<br \/>\nEvaluated at bid price : 23.95<br \/>\nBid-YTW : 5.22 %<\/td>\n<\/tr>\n<tr>\n<td>EMA.PR.C<\/td>\n<td>FixedReset Disc<\/td>\n<td>-2.17 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-08-21<br \/>\nMaturity Price  : 16.72<br \/>\nEvaluated at bid price : 16.72<br \/>\nBid-YTW : 6.14 %<\/td>\n<\/tr>\n<tr>\n<td>IAF.PR.I<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>-2.12 %<\/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 : 18.51<br \/>\nBid-YTW : 8.23 %<\/td>\n<\/tr>\n<tr>\n<td>MFC.PR.I<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>-2.06 %<\/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 : 17.63<br \/>\nBid-YTW : 8.48 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PR.M<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-2.01 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-08-21<br \/>\nMaturity Price  : 20.02<br \/>\nEvaluated at bid price : 20.02<br \/>\nBid-YTW : 6.04 %<\/td>\n<\/tr>\n<tr>\n<td>TRP.PR.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: 2049-08-21<br \/>\nMaturity Price  : 15.51<br \/>\nEvaluated at bid price : 15.51<br \/>\nBid-YTW : 6.72 %<\/td>\n<\/tr>\n<tr>\n<td>RY.PR.M<\/td>\n<td>FixedReset Disc<\/td>\n<td>-1.73 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-08-21<br \/>\nMaturity Price  : 17.02<br \/>\nEvaluated at bid price : 17.02<br \/>\nBid-YTW : 5.64 %<\/td>\n<\/tr>\n<tr>\n<td>SLF.PR.G<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>-1.67 %<\/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 : 12.36<br \/>\nBid-YTW : 10.90 %<\/td>\n<\/tr>\n<tr>\n<td>BMO.PR.Y<\/td>\n<td>FixedReset Disc<\/td>\n<td>-1.61 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-08-21<br \/>\nMaturity Price  : 17.71<br \/>\nEvaluated at bid price : 17.71<br \/>\nBid-YTW : 5.56 %<\/td>\n<\/tr>\n<tr>\n<td>BMO.PR.T<\/td>\n<td>FixedReset Disc<\/td>\n<td>-1.56 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-08-21<br \/>\nMaturity Price  : 15.75<br \/>\nEvaluated at bid price : 15.75<br \/>\nBid-YTW : 5.51 %<\/td>\n<\/tr>\n<tr>\n<td>NA.PR.W<\/td>\n<td>FixedReset Disc<\/td>\n<td>-1.54 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-08-21<br \/>\nMaturity Price  : 14.70<br \/>\nEvaluated at bid price : 14.70<br \/>\nBid-YTW : 5.95 %<\/td>\n<\/tr>\n<tr>\n<td>MFC.PR.H<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>-1.50 %<\/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 : 19.73<br \/>\nBid-YTW : 7.23 %<\/td>\n<\/tr>\n<tr>\n<td>RY.PR.Z<\/td>\n<td>FixedReset Disc<\/td>\n<td>-1.49 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-08-21<br \/>\nMaturity Price  : 16.55<br \/>\nEvaluated at bid price : 16.55<br \/>\nBid-YTW : 5.31 %<\/td>\n<\/tr>\n<tr>\n<td>MFC.PR.C<\/td>\n<td>Deemed-Retractible<\/td>\n<td>-1.42 %<\/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 : 20.20<br \/>\nBid-YTW : 7.13 %<\/td>\n<\/tr>\n<tr>\n<td>PWF.PR.A<\/td>\n<td>Floater<\/td>\n<td>-1.37 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-08-21<br \/>\nMaturity Price  : 10.76<br \/>\nEvaluated at bid price : 10.76<br \/>\nBid-YTW : 6.48 %<\/td>\n<\/tr>\n<tr>\n<td>EMA.PR.F<\/td>\n<td>FixedReset Disc<\/td>\n<td>-1.35 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-08-21<br \/>\nMaturity Price  : 15.30<br \/>\nEvaluated at bid price : 15.30<br \/>\nBid-YTW : 6.34 %<\/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: 2049-08-21<br \/>\nMaturity Price  : 18.90<br \/>\nEvaluated at bid price : 18.90<br \/>\nBid-YTW : 5.28 %<\/td>\n<\/tr>\n<tr>\n<td>NA.PR.S<\/td>\n<td>FixedReset Disc<\/td>\n<td>-1.25 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-08-21<br \/>\nMaturity Price  : 15.80<br \/>\nEvaluated at bid price : 15.80<br \/>\nBid-YTW : 5.95 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PR.K<\/td>\n<td>Floater<\/td>\n<td>-1.19 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-08-21<br \/>\nMaturity Price  : 10.00<br \/>\nEvaluated at bid price : 10.00<br \/>\nBid-YTW : 7.04 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PR.B<\/td>\n<td>Floater<\/td>\n<td>-1.19 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-08-21<br \/>\nMaturity Price  : 10.00<br \/>\nEvaluated at bid price : 10.00<br \/>\nBid-YTW : 7.04 %<\/td>\n<\/tr>\n<tr>\n<td>PWF.PR.E<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-1.18 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-08-21<br \/>\nMaturity Price  : 23.96<br \/>\nEvaluated at bid price : 24.21<br \/>\nBid-YTW : 5.73 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PR.N<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-1.13 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-08-21<br \/>\nMaturity Price  : 20.12<br \/>\nEvaluated at bid price : 20.12<br \/>\nBid-YTW : 6.01 %<\/td>\n<\/tr>\n<tr>\n<td>CM.PR.P<\/td>\n<td>FixedReset Disc<\/td>\n<td>-1.12 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-08-21<br \/>\nMaturity Price  : 15.03<br \/>\nEvaluated at bid price : 15.03<br \/>\nBid-YTW : 5.82 %<\/td>\n<\/tr>\n<tr>\n<td>PWF.PR.L<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-1.10 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-08-21<br \/>\nMaturity Price  : 22.24<br \/>\nEvaluated at bid price : 22.51<br \/>\nBid-YTW : 5.71 %<\/td>\n<\/tr>\n<tr>\n<td>TD.PF.D<\/td>\n<td>FixedReset Disc<\/td>\n<td>-1.10 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-08-21<br \/>\nMaturity Price  : 18.05<br \/>\nEvaluated at bid price : 18.05<br \/>\nBid-YTW : 5.57 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PR.C<\/td>\n<td>Floater<\/td>\n<td>-1.09 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-08-21<br \/>\nMaturity Price  : 10.01<br \/>\nEvaluated at bid price : 10.01<br \/>\nBid-YTW : 7.03 %<\/td>\n<\/tr>\n<tr>\n<td>TRP.PR.B<\/td>\n<td>FixedReset Disc<\/td>\n<td>1.02 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-08-21<br \/>\nMaturity Price  : 9.86<br \/>\nEvaluated at bid price : 9.86<br \/>\nBid-YTW : 6.38 %<\/td>\n<\/tr>\n<tr>\n<td>MFC.PR.K<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>1.09 %<\/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 : 16.62<br \/>\nBid-YTW : 8.89 %<\/td>\n<\/tr>\n<tr>\n<td>TD.PF.J<\/td>\n<td>FixedReset Disc<\/td>\n<td>1.11 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-08-21<br \/>\nMaturity Price  : 19.07<br \/>\nEvaluated at bid price : 19.07<br \/>\nBid-YTW : 5.40 %<\/td>\n<\/tr>\n<tr>\n<td>HSE.PR.G<\/td>\n<td>FixedReset Disc<\/td>\n<td>1.82 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-08-21<br \/>\nMaturity Price  : 16.80<br \/>\nEvaluated at bid price : 16.80<br \/>\nBid-YTW : 7.17 %<\/td>\n<\/tr>\n<tr>\n<td>CCS.PR.C<\/td>\n<td>Deemed-Retractible<\/td>\n<td>2.00 %<\/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 : 23.96<br \/>\nBid-YTW : 5.66 %<\/td>\n<\/tr>\n<tr>\n<td>HSE.PR.A<\/td>\n<td>FixedReset Disc<\/td>\n<td>4.19 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-08-21<br \/>\nMaturity Price  : 11.20<br \/>\nEvaluated at bid price : 11.20<br \/>\nBid-YTW : 6.53 %<\/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>BMO.PR.W<\/td>\n<td>FixedReset Disc<\/td>\n<td>95,713<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-08-21<br \/>\nMaturity Price  : 15.40<br \/>\nEvaluated at bid price : 15.40<br \/>\nBid-YTW : 5.60 %<\/td>\n<\/tr>\n<tr>\n<td>TD.PF.K<\/td>\n<td>FixedReset Disc<\/td>\n<td>92,000<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-08-21<br \/>\nMaturity Price  : 18.96<br \/>\nEvaluated at bid price : 18.96<br \/>\nBid-YTW : 5.37 %<\/td>\n<\/tr>\n<tr>\n<td>TD.PF.A<\/td>\n<td>FixedReset Disc<\/td>\n<td>63,745<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-08-21<br \/>\nMaturity Price  : 15.87<br \/>\nEvaluated at bid price : 15.87<br \/>\nBid-YTW : 5.49 %<\/td>\n<\/tr>\n<tr>\n<td>EMA.PR.F<\/td>\n<td>FixedReset Disc<\/td>\n<td>41,000<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-08-21<br \/>\nMaturity Price  : 15.30<br \/>\nEvaluated at bid price : 15.30<br \/>\nBid-YTW : 6.34 %<\/td>\n<\/tr>\n<tr>\n<td>BMO.PR.D<\/td>\n<td>FixedReset Disc<\/td>\n<td>38,649<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-08-21<br \/>\nMaturity Price  : 20.27<br \/>\nEvaluated at bid price : 20.27<br \/>\nBid-YTW : 5.44 %<\/td>\n<\/tr>\n<tr>\n<td>BMO.PR.T<\/td>\n<td>FixedReset Disc<\/td>\n<td>38,600<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-08-21<br \/>\nMaturity Price  : 15.75<br \/>\nEvaluated at bid price : 15.75<br \/>\nBid-YTW : 5.51 %<\/td>\n<\/tr>\n<tr>\n<td colspan=\"4\">There were 39 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>BAM.PR.M<\/td>\n<td>Perpetual-Discount<\/td>\n<td>Quote: 20.02 &#8211; 20.69<br \/>\nSpot Rate  :  0.6700<br \/>\nAverage  :  0.4396<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-08-21<br \/>\nMaturity Price  : 20.02<br \/>\nEvaluated at bid price : 20.02<br \/>\nBid-YTW : 6.04 %<\/td>\n<\/tr>\n<tr>\n<td>HSE.PR.C<\/td>\n<td>FixedReset Disc<\/td>\n<td>Quote: 15.53 &#8211; 16.01<br \/>\nSpot Rate  :  0.4800<br \/>\nAverage  :  0.2868<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-08-21<br \/>\nMaturity Price  : 15.53<br \/>\nEvaluated at bid price : 15.53<br \/>\nBid-YTW : 7.14 %<\/td>\n<\/tr>\n<tr>\n<td>MFC.PR.H<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>Quote: 19.73 &#8211; 20.13<br \/>\nSpot Rate  :  0.4000<br \/>\nAverage  :  0.2640<\/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 : 19.73<br \/>\nBid-YTW : 7.23 %<\/td>\n<\/tr>\n<tr>\n<td>EMA.PR.F<\/td>\n<td>FixedReset Disc<\/td>\n<td>Quote: 15.30 &#8211; 15.80<br \/>\nSpot Rate  :  0.5000<br \/>\nAverage  :  0.3742<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-08-21<br \/>\nMaturity Price  : 15.30<br \/>\nEvaluated at bid price : 15.30<br \/>\nBid-YTW : 6.34 %<\/td>\n<\/tr>\n<tr>\n<td>BMO.PR.Z<\/td>\n<td>Perpetual-Discount<\/td>\n<td>Quote: 23.95 &#8211; 24.34<br \/>\nSpot Rate  :  0.3900<br \/>\nAverage  :  0.2683<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-08-21<br \/>\nMaturity Price  : 23.51<br \/>\nEvaluated at bid price : 23.95<br \/>\nBid-YTW : 5.22 %<\/td>\n<\/tr>\n<tr>\n<td>SLF.PR.G<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>Quote: 12.36 &#8211; 12.86<br \/>\nSpot Rate  :  0.5000<br \/>\nAverage  :  0.3795<\/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 : 12.36<br \/>\nBid-YTW : 10.90 %<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>There was good news for Poloz in today&#8217;s inflation numbers: The Canadian dollar strengthened against its U.S. counterpart on Wednesday, recovering from a two-month low it hit the previous day after stronger-than-expected domestic inflation data, &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-50607","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/50607","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=50607"}],"version-history":[{"count":1,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/50607\/revisions"}],"predecessor-version":[{"id":50608,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/50607\/revisions\/50608"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=50607"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=50607"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=50607"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}