{"id":50836,"date":"2025-11-20T21:14:51","date_gmt":"2025-11-21T02:14:51","guid":{"rendered":"https:\/\/prefblog.com\/?p=50836"},"modified":"2025-11-20T21:18:27","modified_gmt":"2025-11-21T02:18:27","slug":"november-20-2025","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=50836","title":{"rendered":"November 20, 2025"},"content":{"rendered":"<div align=\"center\"><a href=\"https:\/\/prefblog.com\/wp-content\/uploads\/2025\/11\/explosion_251120.jpg\"><img decoding=\"async\" src=\"https:\/\/prefblog.com\/wp-content\/uploads\/2025\/11\/explosion_251120.jpg\" width=\"400\"><\/a><\/div>\n<p>TXPR <a href=\"https:\/\/money.tmx.com\/en\/quote\/%5ETXPR\">closed at 676.09<\/a>, down 0.72% on the day. Volume today was 1.96-million, second-highest of the past 21 trading days.<\/p>\n<p>CPD <a href=\"https:\/\/web.tmxmoney.com\/quote.php?qm_symbol=cpd\">closed at 13.40<\/a>, down 0.67% on the day. Volume was 49,200, well above the median of the past 21 trading days.<\/p>\n<p>ZPR <a href=\"https:\/\/web.tmxmoney.com\/quote.php?qm_symbol=zpr\">closed at 11.855<\/a>, down 0.80% on the day. Volume was 146,500, third-highest of the past 21 trading days.<\/p>\n<p>Five-year Canada yields were <a href=\"https:\/\/www.investing.com\/rates-bonds\/canada-5-year-bond-yield-historical-data\">down 3bp to 2.80%<\/a>.<\/p>\n<p>The rather late <a href=\"https:\/\/www.nytimes.com\/2025\/11\/20\/business\/economy\/jobs-report-september.html\">September US jobs number<\/a> is getting mixed reviews:<\/p>\n<blockquote><p>The economy added 119,000 jobs in September, more than double what forecasters had expected and well above the 71,000-job average for the rest of 2025. Numbers for the previous two months were revised down slightly, erasing 33,000 job gains from July and August, which made September look more like an acceleration.<\/p>\n<p>However, the strength was not widely distributed.<\/p>\n<p>As has been the case for the past two years, job growth was largely supplied by the health care industry, which added 43,000 jobs. Bars and restaurants added 37,000, an indication of robust spending on hospitality services.<\/p>\n<p>Both of those sectors are tied to an economy that is aging and lately powered by higher-income consumers, who have been spending freely on discretionary services while those on the lower end of the income spectrum struggle to keep up with their bills.<\/p><\/blockquote>\n<p>The <a href=\"https:\/\/www.nytimes.com\/2025\/11\/19\/business\/stocks-nvidia-earnings.html\">equities market responded<\/a> with uncertainty:<\/p>\n<blockquote><p>Bullish investors lost their nerve on Thursday and a brief rally in stocks went into reverse as concerns about overvalued A.I. companies crept back into the market.<\/p>\n<p>The midday fade came after strong gains in early morning trading in what investors and analysts initially attributed to relief after solid earnings reports from Nvidia, the flag-bearer of the move toward artificial intelligence that has propelled technology stock prices higher, and Walmart, a bellwether of consumer health.<\/p>\n<p>But investors\u2019 early enthusiasm quickly gave way to afternoon selling pressure.<\/p>\n<p>The S&#038;P 500 tumbled after climbing as much as 1.9 percent in morning trading. The benchmark ended the day 1.6 percent lower, a reversal of more than 3 percent from its highest point.<\/p><\/blockquote>\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>-0.6662 %<\/td>\n<td>2,390.7<\/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>-0.6662 %<\/td>\n<td>4,533.1<\/td>\n<\/tr>\n<tr>\n<td>Floater<\/td>\n<td>6.03 %<\/td>\n<td>6.33 %<\/td>\n<td>54,159<\/td>\n<td>13.37<\/td>\n<td>3<\/td>\n<td>-0.6662 %<\/td>\n<td>2,612.4<\/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>-0.0549 %<\/td>\n<td>3,680.6<\/td>\n<\/tr>\n<tr>\n<td>SplitShare<\/td>\n<td>4.74 %<\/td>\n<td>4.73 %<\/td>\n<td>66,183<\/td>\n<td>3.22<\/td>\n<td>5<\/td>\n<td>-0.0549 %<\/td>\n<td>4,395.4<\/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>-0.0549 %<\/td>\n<td>3,429.5<\/td>\n<\/tr>\n<tr>\n<td>Perpetual-Premium<\/td>\n<td>5.70 %<\/td>\n<td>5.55 %<\/td>\n<td>77,912<\/td>\n<td>6.87<\/td>\n<td>7<\/td>\n<td>-0.3737 %<\/td>\n<td>3,078.1<\/td>\n<\/tr>\n<tr>\n<td>Perpetual-Discount<\/td>\n<td>5.62 %<\/td>\n<td>5.67 %<\/td>\n<td>49,086<\/td>\n<td>14.36<\/td>\n<td>26<\/td>\n<td>-1.0387 %<\/td>\n<td>3,331.6<\/td>\n<\/tr>\n<tr>\n<td>FixedReset Disc<\/td>\n<td>5.96 %<\/td>\n<td>6.10 %<\/td>\n<td>113,332<\/td>\n<td>13.55<\/td>\n<td>30<\/td>\n<td>-1.0370 %<\/td>\n<td>3,001.4<\/td>\n<\/tr>\n<tr>\n<td>Insurance Straight<\/td>\n<td>5.54 %<\/td>\n<td>5.61 %<\/td>\n<td>56,951<\/td>\n<td>14.40<\/td>\n<td>21<\/td>\n<td>-0.1680 %<\/td>\n<td>3,278.5<\/td>\n<\/tr>\n<tr>\n<td>FloatingReset<\/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>-1.0370 %<\/td>\n<td>3,570.5<\/td>\n<\/tr>\n<tr>\n<td>FixedReset Prem<\/td>\n<td>5.92 %<\/td>\n<td>5.16 %<\/td>\n<td>105,474<\/td>\n<td>2.69<\/td>\n<td>21<\/td>\n<td>-0.3632 %<\/td>\n<td>2,618.0<\/td>\n<\/tr>\n<tr>\n<td>FixedReset Bank Non<\/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>-1.0370 %<\/td>\n<td>3,068.0<\/td>\n<\/tr>\n<tr>\n<td>FixedReset Ins Non<\/td>\n<td>5.28 %<\/td>\n<td>5.49 %<\/td>\n<td>67,023<\/td>\n<td>14.33<\/td>\n<td>15<\/td>\n<td>-1.2277 %<\/td>\n<td>3,036.2<\/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>CU.PR.J<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-18.33 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2055-11-20<br \/>\nMaturity Price  : 17.60<br \/>\nEvaluated at bid price : 17.60<br \/>\nBid-YTW : 6.79 %<\/td>\n<\/tr>\n<tr>\n<td>GWO.PR.N<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>-13.49 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2055-11-20<br \/>\nMaturity Price  : 15.46<br \/>\nEvaluated at bid price : 15.46<br \/>\nBid-YTW : 6.67 %<\/td>\n<\/tr>\n<tr>\n<td>GWO.PR.H<\/td>\n<td>Insurance Straight<\/td>\n<td>-9.09 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2055-11-20<br \/>\nMaturity Price  : 20.00<br \/>\nEvaluated at bid price : 20.00<br \/>\nBid-YTW : 6.17 %<\/td>\n<\/tr>\n<tr>\n<td>FTS.PR.K<\/td>\n<td>FixedReset Disc<\/td>\n<td>-5.00 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2055-11-20<br \/>\nMaturity Price  : 21.09<br \/>\nEvaluated at bid price : 21.09<br \/>\nBid-YTW : 5.93 %<\/td>\n<\/tr>\n<tr>\n<td>GWO.PR.Y<\/td>\n<td>Insurance Straight<\/td>\n<td>-4.40 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2055-11-20<br \/>\nMaturity Price  : 19.99<br \/>\nEvaluated at bid price : 19.99<br \/>\nBid-YTW : 5.72 %<\/td>\n<\/tr>\n<tr>\n<td>PWF.PR.P<\/td>\n<td>FixedReset Disc<\/td>\n<td>-3.56 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2055-11-20<br \/>\nMaturity Price  : 17.60<br \/>\nEvaluated at bid price : 17.60<br \/>\nBid-YTW : 6.25 %<\/td>\n<\/tr>\n<tr>\n<td>SLF.PR.G<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>-3.55 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2055-11-20<br \/>\nMaturity Price  : 18.46<br \/>\nEvaluated at bid price : 18.46<br \/>\nBid-YTW : 5.80 %<\/td>\n<\/tr>\n<tr>\n<td>ENB.PR.F<\/td>\n<td>FixedReset Disc<\/td>\n<td>-2.84 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2055-11-20<br \/>\nMaturity Price  : 20.50<br \/>\nEvaluated at bid price : 20.50<br \/>\nBid-YTW : 6.55 %<\/td>\n<\/tr>\n<tr>\n<td>FFH.PR.K<\/td>\n<td>FixedReset Prem<\/td>\n<td>-2.73 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Call<br \/>\nMaturity Date\t: 2027-03-31<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 24.90<br \/>\nBid-YTW : 5.95 %<\/td>\n<\/tr>\n<tr>\n<td>FTS.PR.G<\/td>\n<td>FixedReset Disc<\/td>\n<td>-2.44 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2055-11-20<br \/>\nMaturity Price  : 22.79<br \/>\nEvaluated at bid price : 23.56<br \/>\nBid-YTW : 5.42 %<\/td>\n<\/tr>\n<tr>\n<td>ENB.PF.A<\/td>\n<td>FixedReset Disc<\/td>\n<td>-2.36 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2055-11-20<br \/>\nMaturity Price  : 21.26<br \/>\nEvaluated at bid price : 21.54<br \/>\nBid-YTW : 6.42 %<\/td>\n<\/tr>\n<tr>\n<td>ENB.PR.T<\/td>\n<td>FixedReset Disc<\/td>\n<td>-2.14 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2055-11-20<br \/>\nMaturity Price  : 21.65<br \/>\nEvaluated at bid price : 21.92<br \/>\nBid-YTW : 6.33 %<\/td>\n<\/tr>\n<tr>\n<td>NA.PR.I<\/td>\n<td>FixedReset Prem<\/td>\n<td>-2.07 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2055-11-20<br \/>\nMaturity Price  : 23.48<br \/>\nEvaluated at bid price : 25.52<br \/>\nBid-YTW : 5.65 %<\/td>\n<\/tr>\n<tr>\n<td>GWO.PR.L<\/td>\n<td>Insurance Straight<\/td>\n<td>-1.97 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2055-11-20<br \/>\nMaturity Price  : 24.64<br \/>\nEvaluated at bid price : 24.90<br \/>\nBid-YTW : 5.76 %<\/td>\n<\/tr>\n<tr>\n<td>MFC.PR.N<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>-1.92 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2055-11-20<br \/>\nMaturity Price  : 22.59<br \/>\nEvaluated at bid price : 23.50<br \/>\nBid-YTW : 5.49 %<\/td>\n<\/tr>\n<tr>\n<td>FTS.PR.F<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-1.72 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2055-11-20<br \/>\nMaturity Price  : 22.60<br \/>\nEvaluated at bid price : 22.85<br \/>\nBid-YTW : 5.37 %<\/td>\n<\/tr>\n<tr>\n<td>ENB.PF.C<\/td>\n<td>FixedReset Disc<\/td>\n<td>-1.72 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2055-11-20<br \/>\nMaturity Price  : 21.20<br \/>\nEvaluated at bid price : 21.20<br \/>\nBid-YTW : 6.46 %<\/td>\n<\/tr>\n<tr>\n<td>ENB.PR.N<\/td>\n<td>FixedReset Disc<\/td>\n<td>-1.68 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2055-11-20<br \/>\nMaturity Price  : 22.67<br \/>\nEvaluated at bid price : 23.40<br \/>\nBid-YTW : 6.07 %<\/td>\n<\/tr>\n<tr>\n<td>FTS.PR.J<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-1.67 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2055-11-20<br \/>\nMaturity Price  : 21.54<br \/>\nEvaluated at bid price : 21.80<br \/>\nBid-YTW : 5.46 %<\/td>\n<\/tr>\n<tr>\n<td>ENB.PR.B<\/td>\n<td>FixedReset Disc<\/td>\n<td>-1.66 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2055-11-20<br \/>\nMaturity Price  : 20.17<br \/>\nEvaluated at bid price : 20.17<br \/>\nBid-YTW : 6.47 %<\/td>\n<\/tr>\n<tr>\n<td>BN.PF.D<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-1.64 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2055-11-20<br \/>\nMaturity Price  : 21.00<br \/>\nEvaluated at bid price : 21.00<br \/>\nBid-YTW : 5.93 %<\/td>\n<\/tr>\n<tr>\n<td>FTS.PR.M<\/td>\n<td>FixedReset Disc<\/td>\n<td>-1.61 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2055-11-20<br \/>\nMaturity Price  : 22.74<br \/>\nEvaluated at bid price : 23.76<br \/>\nBid-YTW : 5.57 %<\/td>\n<\/tr>\n<tr>\n<td>IFC.PR.G<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>-1.57 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2055-11-20<br \/>\nMaturity Price  : 23.49<br \/>\nEvaluated at bid price : 25.10<br \/>\nBid-YTW : 5.43 %<\/td>\n<\/tr>\n<tr>\n<td>ENB.PR.P<\/td>\n<td>FixedReset Disc<\/td>\n<td>-1.53 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2055-11-20<br \/>\nMaturity Price  : 21.18<br \/>\nEvaluated at bid price : 21.18<br \/>\nBid-YTW : 6.44 %<\/td>\n<\/tr>\n<tr>\n<td>ENB.PR.Y<\/td>\n<td>FixedReset Disc<\/td>\n<td>-1.51 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2055-11-20<br \/>\nMaturity Price  : 20.16<br \/>\nEvaluated at bid price : 20.16<br \/>\nBid-YTW : 6.49 %<\/td>\n<\/tr>\n<tr>\n<td>POW.PR.C<\/td>\n<td>Perpetual-Premium<\/td>\n<td>-1.37 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Call<br \/>\nMaturity Date\t: 2025-12-20<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 25.25<br \/>\nBid-YTW : 0.58 %<\/td>\n<\/tr>\n<tr>\n<td>ENB.PR.J<\/td>\n<td>FixedReset Disc<\/td>\n<td>-1.33 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2055-11-20<br \/>\nMaturity Price  : 21.51<br \/>\nEvaluated at bid price : 21.51<br \/>\nBid-YTW : 6.43 %<\/td>\n<\/tr>\n<tr>\n<td>PWF.PF.A<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-1.31 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2055-11-20<br \/>\nMaturity Price  : 20.30<br \/>\nEvaluated at bid price : 20.30<br \/>\nBid-YTW : 5.60 %<\/td>\n<\/tr>\n<tr>\n<td>ENB.PR.H<\/td>\n<td>FixedReset Disc<\/td>\n<td>-1.22 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2055-11-20<br \/>\nMaturity Price  : 21.47<br \/>\nEvaluated at bid price : 21.83<br \/>\nBid-YTW : 5.88 %<\/td>\n<\/tr>\n<tr>\n<td>ENB.PF.G<\/td>\n<td>FixedReset Disc<\/td>\n<td>-1.19 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2055-11-20<br \/>\nMaturity Price  : 21.56<br \/>\nEvaluated at bid price : 21.56<br \/>\nBid-YTW : 6.44 %<\/td>\n<\/tr>\n<tr>\n<td>ENB.PF.E<\/td>\n<td>FixedReset Disc<\/td>\n<td>-1.17 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2055-11-20<br \/>\nMaturity Price  : 21.10<br \/>\nEvaluated at bid price : 21.10<br \/>\nBid-YTW : 6.48 %<\/td>\n<\/tr>\n<tr>\n<td>BN.PR.M<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-1.09 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2055-11-20<br \/>\nMaturity Price  : 20.88<br \/>\nEvaluated at bid price : 20.88<br \/>\nBid-YTW : 5.78 %<\/td>\n<\/tr>\n<tr>\n<td>SLF.PR.C<\/td>\n<td>Insurance Straight<\/td>\n<td>-1.06 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2055-11-20<br \/>\nMaturity Price  : 21.37<br \/>\nEvaluated at bid price : 21.37<br \/>\nBid-YTW : 5.29 %<\/td>\n<\/tr>\n<tr>\n<td>GWO.PR.M<\/td>\n<td>Insurance Straight<\/td>\n<td>1.12 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Call<br \/>\nMaturity Date\t: 2025-12-20<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 25.38<br \/>\nBid-YTW : -2.79 %<\/td>\n<\/tr>\n<tr>\n<td>BN.PF.G<\/td>\n<td>FixedReset Disc<\/td>\n<td>1.29 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2055-11-20<br \/>\nMaturity Price  : 22.59<br \/>\nEvaluated at bid price : 23.55<br \/>\nBid-YTW : 6.04 %<\/td>\n<\/tr>\n<tr>\n<td>ENB.PR.D<\/td>\n<td>FixedReset Disc<\/td>\n<td>2.27 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2055-11-20<br \/>\nMaturity Price  : 20.25<br \/>\nEvaluated at bid price : 20.25<br \/>\nBid-YTW : 6.46 %<\/td>\n<\/tr>\n<tr>\n<td>IFC.PR.C<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>2.61 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2055-11-20<br \/>\nMaturity Price  : 22.95<br \/>\nEvaluated at bid price : 23.55<br \/>\nBid-YTW : 5.71 %<\/td>\n<\/tr>\n<tr>\n<td>BN.PF.C<\/td>\n<td>Perpetual-Discount<\/td>\n<td>5.62 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2055-11-20<br \/>\nMaturity Price  : 20.86<br \/>\nEvaluated at bid price : 20.86<br \/>\nBid-YTW : 5.91 %<\/td>\n<\/tr>\n<tr>\n<td>SLF.PR.E<\/td>\n<td>Insurance Straight<\/td>\n<td>5.78 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2055-11-20<br \/>\nMaturity Price  : 21.05<br \/>\nEvaluated at bid price : 21.05<br \/>\nBid-YTW : 5.43 %<\/td>\n<\/tr>\n<tr>\n<td>MFC.PR.B<\/td>\n<td>Insurance Straight<\/td>\n<td>8.99 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2055-11-20<br \/>\nMaturity Price  : 20.60<br \/>\nEvaluated at bid price : 20.60<br \/>\nBid-YTW : 5.75 %<\/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>POW.PR.I<\/td>\n<td>Perpetual-Discount<\/td>\n<td>361,500<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2055-11-20<br \/>\nMaturity Price  : 24.50<br \/>\nEvaluated at bid price : 24.89<br \/>\nBid-YTW : 5.69 %<\/td>\n<\/tr>\n<tr>\n<td>BN.PF.I<\/td>\n<td>FixedReset Prem<\/td>\n<td>210,300<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Call<br \/>\nMaturity Date\t: 2027-03-31<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 25.10<br \/>\nBid-YTW : 5.70 %<\/td>\n<\/tr>\n<tr>\n<td>RY.PR.M<\/td>\n<td>FixedReset Disc<\/td>\n<td>101,600<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2055-11-20<br \/>\nMaturity Price  : 23.93<br \/>\nEvaluated at bid price : 24.98<br \/>\nBid-YTW : 5.39 %<\/td>\n<\/tr>\n<tr>\n<td>MFC.PR.M<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>91,900<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2055-11-20<br \/>\nMaturity Price  : 22.95<br \/>\nEvaluated at bid price : 24.23<br \/>\nBid-YTW : 5.44 %<\/td>\n<\/tr>\n<tr>\n<td>ENB.PR.T<\/td>\n<td>FixedReset Disc<\/td>\n<td>57,647<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2055-11-20<br \/>\nMaturity Price  : 21.65<br \/>\nEvaluated at bid price : 21.92<br \/>\nBid-YTW : 6.33 %<\/td>\n<\/tr>\n<tr>\n<td>ENB.PR.J<\/td>\n<td>FixedReset Disc<\/td>\n<td>54,999<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2055-11-20<br \/>\nMaturity Price  : 21.51<br \/>\nEvaluated at bid price : 21.51<br \/>\nBid-YTW : 6.43 %<\/td>\n<\/tr>\n<tr>\n<td>CM.PR.S<\/td>\n<td>FixedReset Prem<\/td>\n<td>54,788<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Call<br \/>\nMaturity Date\t: 2028-01-31<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 25.76<br \/>\nBid-YTW : 4.60 %<\/td>\n<\/tr>\n<tr>\n<td colspan='4'>There were 15 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 colspan='3'>See <a href='https:\/\/prefblog.com\/?p=13456'>TMX DataLinx: &#8216;Last&#8217; != &#8216;Close&#8217;<\/a> and the posts linked therein for an idea of why these quotes are so horrible.<\/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>CU.PR.J<\/td>\n<td>Perpetual-Discount<\/td>\n<td>Quote: 17.60 &#8211; 23.15<br \/>\nSpot Rate  :  5.5500<br \/>\nAverage  :  3.5064<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2055-11-20<br \/>\nMaturity Price  : 17.60<br \/>\nEvaluated at bid price : 17.60<br \/>\nBid-YTW : 6.79 %<\/td>\n<\/tr>\n<tr>\n<td>GWO.PR.N<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>Quote: 15.46 &#8211; 18.00<br \/>\nSpot Rate  :  2.5400<br \/>\nAverage  :  1.3995<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2055-11-20<br \/>\nMaturity Price  : 15.46<br \/>\nEvaluated at bid price : 15.46<br \/>\nBid-YTW : 6.67 %<\/td>\n<\/tr>\n<tr>\n<td>GWO.PR.H<\/td>\n<td>Insurance Straight<\/td>\n<td>Quote: 20.00 &#8211; 22.54<br \/>\nSpot Rate  :  2.5400<br \/>\nAverage  :  1.4567<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2055-11-20<br \/>\nMaturity Price  : 20.00<br \/>\nEvaluated at bid price : 20.00<br \/>\nBid-YTW : 6.17 %<\/td>\n<\/tr>\n<tr>\n<td>GWO.PR.Y<\/td>\n<td>Insurance Straight<\/td>\n<td>Quote: 19.99 &#8211; 20.99<br \/>\nSpot Rate  :  1.0000<br \/>\nAverage  :  0.6276<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2055-11-20<br \/>\nMaturity Price  : 19.99<br \/>\nEvaluated at bid price : 19.99<br \/>\nBid-YTW : 5.72 %<\/td>\n<\/tr>\n<tr>\n<td>PWF.PR.T<\/td>\n<td>FixedReset Disc<\/td>\n<td>Quote: 23.16 &#8211; 24.89<br \/>\nSpot Rate  :  1.7300<br \/>\nAverage  :  1.3584<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2055-11-20<br \/>\nMaturity Price  : 22.51<br \/>\nEvaluated at bid price : 23.16<br \/>\nBid-YTW : 5.69 %<\/td>\n<\/tr>\n<tr>\n<td>FFH.PR.K<\/td>\n<td>FixedReset Prem<\/td>\n<td>Quote: 24.90 &#8211; 25.75<br \/>\nSpot Rate  :  0.8500<br \/>\nAverage  :  0.5112<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Call<br \/>\nMaturity Date\t: 2027-03-31<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 24.90<br \/>\nBid-YTW : 5.95 %<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>TXPR closed at 676.09, down 0.72% on the day. Volume today was 1.96-million, second-highest of the past 21 trading days. CPD closed at 13.40, down 0.67% on the day. Volume was 49,200, well above the &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-50836","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/50836","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=50836"}],"version-history":[{"count":3,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/50836\/revisions"}],"predecessor-version":[{"id":50844,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/50836\/revisions\/50844"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=50836"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=50836"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=50836"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}