{"id":50873,"date":"2019-10-02T21:18:00","date_gmt":"2019-10-03T01:18:00","guid":{"rendered":"https:\/\/prefblog.com\/?p=50873"},"modified":"2025-11-21T21:19:57","modified_gmt":"2025-11-22T02:19:57","slug":"october-2-2019","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=50873","title":{"rendered":"October 2, 2019"},"content":{"rendered":"<div align=\"center\"><a href=\"https:\/\/prefblog.com\/wp-content\/uploads\/2019\/10\/explosion_191002.jpg\"><img fetchpriority=\"high\" decoding=\"async\" src=\"https:\/\/prefblog.com\/wp-content\/uploads\/2019\/10\/explosion_191002-300x223.jpg\" alt=\"explosion_191002\" width=\"400\" height=\"297\" class=\"alignnone size-medium wp-image-39574\"><\/a><br \/><i>Click for Big<\/i><\/div>\n<p>It was a <a href=\"https:\/\/www.nytimes.com\/2019\/10\/02\/business\/economy\/markets-world-trade.html\">pretty rotten day all &#8217;round<\/a>:<\/p>\n<blockquote>\n<p>Stocks slid on Wednesday, a second day of selling that has shattered a relatively calm period for Wall Street, as investors faced new evidence that the world\u2019s industrial sector is weakening in the face of the trade war.<\/p>\n<p>The S&#038;P 500 dropped 1.8 percent, its worst day since late August. Stocks in Europe tumbled.<\/p>\n<p>The selling this week began after a report on manufacturing activity showed that factory output in the United States slowed in September to levels last seen at the end of the financial crisis a decade ago. The data was fresh indication that the trade conflict between Washington and Beijing is chipping away at the industrial base in the United States, after having already dented factories in China, Japan and Germany.<br \/><b>&#8230;<\/b><br \/>The primary culprit for the economic slowdown is the trade war between the United States and China. On Tuesday, the World Trade Organization cut its forecast for growth in trade.<br \/><b>&#8230;<\/b><br \/>In Europe, where manufacturing accounts for a larger share of economic output, the selling on Wednesday was sharper than in the United States. Britain\u2019s FTSE 100 dropped more than 3 percent, its worst decline this year, while Germany\u2019s Dax index dropped 2.8 percent.<\/p>\n<\/blockquote>\n<p>TXPR <a href=\"https:\/\/web.tmxmoney.com\/quote.php?qm_symbol=txpr\">closed at 594.70<\/a>, down 0.79% on the day. Volume was 2.06-million, slightly below average in the context of the past thirty days.<\/p>\n<p>CPD <a href=\"https:\/\/web.tmxmoney.com\/quote.php?qm_symbol=cpd\">closed at 11.86<\/a>, down 0.84% on the day. Volume of 63,003 was below average 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 9.47<\/a>, down 0.94% on the day. Volume of 419,698 was second-highest of the past 30 days, behind only <a href=\"https:\/\/prefblog.com\/?p=39413\">September 6<\/a>.<\/p>\n<p>Five-year Canada yields were <a href=\"https:\/\/www.investing.com\/rates-bonds\/canada-5-year-bond-yield-historical-data\">down 4bp to 1.33%<\/a> today.<\/p>\n<p>PerpetualDiscounts now yield 5.51%, equivalent to 7.16% 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 3.31%, so the pre-tax interest-equivalent spread (in this context, the \u201cSeniority Spread\u201d) has narrowed slightly (and perhaps spuriously) to 385bp from the 390bp reported <a href=\"https:\/\/prefblog.com\/?p=39547\">September 25<\/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>-2.7208 %<\/td>\n<td>1,838.5<\/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>-2.7208 %<\/td>\n<td>3,373.5<\/td>\n<\/tr>\n<tr>\n<td>Floater<\/td>\n<td>6.55 %<\/td>\n<td>6.79 %<\/td>\n<td>45,468<\/td>\n<td>12.84<\/td>\n<td>4<\/td>\n<td>-2.7208 %<\/td>\n<td>1,944.1<\/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>-0.0787 %<\/td>\n<td>3,388.1<\/td>\n<\/tr>\n<tr>\n<td>SplitShare<\/td>\n<td>4.65 %<\/td>\n<td>4.55 %<\/td>\n<td>51,372<\/td>\n<td>3.98<\/td>\n<td>7<\/td>\n<td>-0.0787 %<\/td>\n<td>4,046.1<\/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>-0.0787 %<\/td>\n<td>3,156.9<\/td>\n<\/tr>\n<tr>\n<td>Perpetual-Premium<\/td>\n<td>5.59 %<\/td>\n<td>-20.19 %<\/td>\n<td>59,222<\/td>\n<td>0.09<\/td>\n<td>6<\/td>\n<td>-0.1424 %<\/td>\n<td>3,001.0<\/td>\n<\/tr>\n<tr>\n<td>Perpetual-Discount<\/td>\n<td>5.41 %<\/td>\n<td>5.51 %<\/td>\n<td>69,014<\/td>\n<td>14.52<\/td>\n<td>28<\/td>\n<td>-0.1524 %<\/td>\n<td>3,173.5<\/td>\n<\/tr>\n<tr>\n<td>FixedReset Disc<\/td>\n<td>5.59 %<\/td>\n<td>5.55 %<\/td>\n<td>175,182<\/td>\n<td>14.36<\/td>\n<td>72<\/td>\n<td>-0.8678 %<\/td>\n<td>2,059.4<\/td>\n<\/tr>\n<tr>\n<td>Deemed-Retractible<\/td>\n<td>5.24 %<\/td>\n<td>5.78 %<\/td>\n<td>65,359<\/td>\n<td>7.89<\/td>\n<td>27<\/td>\n<td>-0.2401 %<\/td>\n<td>3,144.3<\/td>\n<\/tr>\n<tr>\n<td>FloatingReset<\/td>\n<td>4.68 %<\/td>\n<td>7.01 %<\/td>\n<td>59,128<\/td>\n<td>7.85<\/td>\n<td>3<\/td>\n<td>-1.6231 %<\/td>\n<td>2,303.2<\/td>\n<\/tr>\n<tr>\n<td>FixedReset Prem<\/td>\n<td>5.25 %<\/td>\n<td>3.95 %<\/td>\n<td>123,361<\/td>\n<td>1.56<\/td>\n<td>14<\/td>\n<td>-0.4001 %<\/td>\n<td>2,591.7<\/td>\n<\/tr>\n<tr>\n<td>FixedReset Bank Non<\/td>\n<td>1.98 %<\/td>\n<td>4.47 %<\/td>\n<td>86,271<\/td>\n<td>2.26<\/td>\n<td>3<\/td>\n<td>-0.5124 %<\/td>\n<td>2,665.9<\/td>\n<\/tr>\n<tr>\n<td>FixedReset Ins Non<\/td>\n<td>5.58 %<\/td>\n<td>8.27 %<\/td>\n<td>99,965<\/td>\n<td>7.84<\/td>\n<td>21<\/td>\n<td>-0.9676 %<\/td>\n<td>2,071.2<\/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>TRP.PR.B<\/td>\n<td>FixedReset Disc<\/td>\n<td>-4.64 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-10-02<br \/>\nMaturity Price  : 10.27<br \/>\nEvaluated at bid price : 10.27<br \/>\nBid-YTW : 6.56 %<\/td>\n<\/tr>\n<tr>\n<td>SLF.PR.J<\/td>\n<td>FloatingReset<\/td>\n<td>-4.19 %<\/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 : 12.35<br \/>\nBid-YTW : 11.65 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PR.K<\/td>\n<td>Floater<\/td>\n<td>-3.48 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-10-02<br \/>\nMaturity Price  : 10.25<br \/>\nEvaluated at bid price : 10.25<br \/>\nBid-YTW : 6.80 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PR.C<\/td>\n<td>Floater<\/td>\n<td>-3.48 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-10-02<br \/>\nMaturity Price  : 10.27<br \/>\nEvaluated at bid price : 10.27<br \/>\nBid-YTW : 6.79 %<\/td>\n<\/tr>\n<tr>\n<td>CU.PR.C<\/td>\n<td>FixedReset Disc<\/td>\n<td>-3.13 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-10-02<br \/>\nMaturity Price  : 16.08<br \/>\nEvaluated at bid price : 16.08<br \/>\nBid-YTW : 5.90 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PR.B<\/td>\n<td>Floater<\/td>\n<td>-3.11 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-10-02<br \/>\nMaturity Price  : 10.27<br \/>\nEvaluated at bid price : 10.27<br \/>\nBid-YTW : 6.79 %<\/td>\n<\/tr>\n<tr>\n<td>TRP.PR.C<\/td>\n<td>FixedReset Disc<\/td>\n<td>-2.88 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-10-02<br \/>\nMaturity Price  : 11.12<br \/>\nEvaluated at bid price : 11.12<br \/>\nBid-YTW : 6.53 %<\/td>\n<\/tr>\n<tr>\n<td>TRP.PR.A<\/td>\n<td>FixedReset Disc<\/td>\n<td>-2.74 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-10-02<br \/>\nMaturity Price  : 12.76<br \/>\nEvaluated at bid price : 12.76<br \/>\nBid-YTW : 6.58 %<\/td>\n<\/tr>\n<tr>\n<td>RY.PR.M<\/td>\n<td>FixedReset Disc<\/td>\n<td>-2.41 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-10-02<br \/>\nMaturity Price  : 18.25<br \/>\nEvaluated at bid price : 18.25<br \/>\nBid-YTW : 5.56 %<\/td>\n<\/tr>\n<tr>\n<td>MFC.PR.M<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>-2.31 %<\/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 : 16.07<br \/>\nBid-YTW : 9.29 %<\/td>\n<\/tr>\n<tr>\n<td>MFC.PR.K<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>-2.28 %<\/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 : 17.13<br \/>\nBid-YTW : 8.76 %<\/td>\n<\/tr>\n<tr>\n<td>RY.PR.H<\/td>\n<td>FixedReset Disc<\/td>\n<td>-2.27 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-10-02<br \/>\nMaturity Price  : 17.20<br \/>\nEvaluated at bid price : 17.20<br \/>\nBid-YTW : 5.40 %<\/td>\n<\/tr>\n<tr>\n<td>HSE.PR.E<\/td>\n<td>FixedReset Disc<\/td>\n<td>-2.25 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-10-02<br \/>\nMaturity Price  : 17.40<br \/>\nEvaluated at bid price : 17.40<br \/>\nBid-YTW : 7.19 %<\/td>\n<\/tr>\n<tr>\n<td>TD.PF.D<\/td>\n<td>FixedReset Disc<\/td>\n<td>-2.21 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-10-02<br \/>\nMaturity Price  : 19.00<br \/>\nEvaluated at bid price : 19.00<br \/>\nBid-YTW : 5.59 %<\/td>\n<\/tr>\n<tr>\n<td>TRP.PR.F<\/td>\n<td>FloatingReset<\/td>\n<td>-2.20 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-10-02<br \/>\nMaturity Price  : 12.89<br \/>\nEvaluated at bid price : 12.89<br \/>\nBid-YTW : 7.01 %<\/td>\n<\/tr>\n<tr>\n<td>RY.PR.J<\/td>\n<td>FixedReset Disc<\/td>\n<td>-2.12 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-10-02<br \/>\nMaturity Price  : 18.94<br \/>\nEvaluated at bid price : 18.94<br \/>\nBid-YTW : 5.53 %<\/td>\n<\/tr>\n<tr>\n<td>PWF.PR.P<\/td>\n<td>FixedReset Disc<\/td>\n<td>-2.06 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-10-02<br \/>\nMaturity Price  : 12.35<br \/>\nEvaluated at bid price : 12.35<br \/>\nBid-YTW : 6.09 %<\/td>\n<\/tr>\n<tr>\n<td>MFC.PR.G<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>-2.03 %<\/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 : 17.86<br \/>\nBid-YTW : 8.46 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PF.G<\/td>\n<td>FixedReset Disc<\/td>\n<td>-1.94 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-10-02<br \/>\nMaturity Price  : 17.21<br \/>\nEvaluated at bid price : 17.21<br \/>\nBid-YTW : 6.24 %<\/td>\n<\/tr>\n<tr>\n<td>SLF.PR.H<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>-1.92 %<\/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 : 15.34<br \/>\nBid-YTW : 9.35 %<\/td>\n<\/tr>\n<tr>\n<td>BMO.PR.T<\/td>\n<td>FixedReset Disc<\/td>\n<td>-1.81 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-10-02<br \/>\nMaturity Price  : 16.80<br \/>\nEvaluated at bid price : 16.80<br \/>\nBid-YTW : 5.50 %<\/td>\n<\/tr>\n<tr>\n<td>BMO.PR.S<\/td>\n<td>FixedReset Disc<\/td>\n<td>-1.79 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-10-02<br \/>\nMaturity Price  : 17.52<br \/>\nEvaluated at bid price : 17.52<br \/>\nBid-YTW : 5.45 %<\/td>\n<\/tr>\n<tr>\n<td>SLF.PR.I<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>-1.79 %<\/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 : 18.07<br \/>\nBid-YTW : 8.09 %<\/td>\n<\/tr>\n<tr>\n<td>TD.PF.A<\/td>\n<td>FixedReset Disc<\/td>\n<td>-1.78 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-10-02<br \/>\nMaturity Price  : 17.06<br \/>\nEvaluated at bid price : 17.06<br \/>\nBid-YTW : 5.45 %<\/td>\n<\/tr>\n<tr>\n<td>IFC.PR.A<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>-1.77 %<\/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 : 13.30<br \/>\nBid-YTW : 10.98 %<\/td>\n<\/tr>\n<tr>\n<td>HSE.PR.C<\/td>\n<td>FixedReset Disc<\/td>\n<td>-1.77 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-10-02<br \/>\nMaturity Price  : 16.10<br \/>\nEvaluated at bid price : 16.10<br \/>\nBid-YTW : 7.11 %<\/td>\n<\/tr>\n<tr>\n<td>SLF.PR.G<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>-1.71 %<\/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 : 12.66<br \/>\nBid-YTW : 10.89 %<\/td>\n<\/tr>\n<tr>\n<td>TRP.PR.G<\/td>\n<td>FixedReset Disc<\/td>\n<td>-1.70 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-10-02<br \/>\nMaturity Price  : 17.30<br \/>\nEvaluated at bid price : 17.30<br \/>\nBid-YTW : 6.34 %<\/td>\n<\/tr>\n<tr>\n<td>TD.PF.J<\/td>\n<td>FixedReset Disc<\/td>\n<td>-1.64 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-10-02<br \/>\nMaturity Price  : 19.80<br \/>\nEvaluated at bid price : 19.80<br \/>\nBid-YTW : 5.45 %<\/td>\n<\/tr>\n<tr>\n<td>TD.PF.E<\/td>\n<td>FixedReset Disc<\/td>\n<td>-1.52 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-10-02<br \/>\nMaturity Price  : 19.45<br \/>\nEvaluated at bid price : 19.45<br \/>\nBid-YTW : 5.55 %<\/td>\n<\/tr>\n<tr>\n<td>BMO.PR.W<\/td>\n<td>FixedReset Disc<\/td>\n<td>-1.50 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-10-02<br \/>\nMaturity Price  : 16.45<br \/>\nEvaluated at bid price : 16.45<br \/>\nBid-YTW : 5.59 %<\/td>\n<\/tr>\n<tr>\n<td>BMO.PR.Y<\/td>\n<td>FixedReset Disc<\/td>\n<td>-1.49 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-10-02<br \/>\nMaturity Price  : 18.50<br \/>\nEvaluated at bid price : 18.50<br \/>\nBid-YTW : 5.62 %<\/td>\n<\/tr>\n<tr>\n<td>MFC.PR.F<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>-1.38 %<\/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 : 12.12<br \/>\nBid-YTW : 11.30 %<\/td>\n<\/tr>\n<tr>\n<td>BNS.PR.I<\/td>\n<td>FixedReset Disc<\/td>\n<td>-1.35 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-10-02<br \/>\nMaturity Price  : 20.41<br \/>\nEvaluated at bid price : 20.41<br \/>\nBid-YTW : 5.00 %<\/td>\n<\/tr>\n<tr>\n<td>IFC.PR.G<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>-1.34 %<\/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 : 18.40<br \/>\nBid-YTW : 8.27 %<\/td>\n<\/tr>\n<tr>\n<td>IAF.PR.G<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>-1.17 %<\/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 : 7.84 %<\/td>\n<\/tr>\n<tr>\n<td>MFC.PR.J<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>-1.13 %<\/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 : 18.30<br \/>\nBid-YTW : 8.29 %<\/td>\n<\/tr>\n<tr>\n<td>TD.PF.K<\/td>\n<td>FixedReset Disc<\/td>\n<td>-1.11 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-10-02<br \/>\nMaturity Price  : 19.63<br \/>\nEvaluated at bid price : 19.63<br \/>\nBid-YTW : 5.42 %<\/td>\n<\/tr>\n<tr>\n<td>EMA.PR.C<\/td>\n<td>FixedReset Disc<\/td>\n<td>-1.10 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-10-02<br \/>\nMaturity Price  : 17.95<br \/>\nEvaluated at bid price : 17.95<br \/>\nBid-YTW : 5.97 %<\/td>\n<\/tr>\n<tr>\n<td>SLF.PR.C<\/td>\n<td>Deemed-Retractible<\/td>\n<td>-1.10 %<\/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 : 20.67<br \/>\nBid-YTW : 6.86 %<\/td>\n<\/tr>\n<tr>\n<td>ELF.PR.G<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-1.09 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-10-02<br \/>\nMaturity Price  : 21.61<br \/>\nEvaluated at bid price : 21.86<br \/>\nBid-YTW : 5.44 %<\/td>\n<\/tr>\n<tr>\n<td>PWF.PR.T<\/td>\n<td>FixedReset Disc<\/td>\n<td>-1.09 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-10-02<br \/>\nMaturity Price  : 17.31<br \/>\nEvaluated at bid price : 17.31<br \/>\nBid-YTW : 5.73 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PR.Z<\/td>\n<td>FixedReset Disc<\/td>\n<td>-1.06 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-10-02<br \/>\nMaturity Price  : 18.65<br \/>\nEvaluated at bid price : 18.65<br \/>\nBid-YTW : 5.99 %<\/td>\n<\/tr>\n<tr>\n<td>RY.PR.Z<\/td>\n<td>FixedReset Disc<\/td>\n<td>-1.04 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-10-02<br \/>\nMaturity Price  : 17.18<br \/>\nEvaluated at bid price : 17.18<br \/>\nBid-YTW : 5.37 %<\/td>\n<\/tr>\n<tr>\n<td>HSE.PR.A<\/td>\n<td>FixedReset Disc<\/td>\n<td>-1.02 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-10-02<br \/>\nMaturity Price  : 10.67<br \/>\nEvaluated at bid price : 10.67<br \/>\nBid-YTW : 7.23 %<\/td>\n<\/tr>\n<tr>\n<td>MFC.PR.N<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>-1.01 %<\/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 : 15.65<br \/>\nBid-YTW : 9.55 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PF.F<\/td>\n<td>FixedReset Disc<\/td>\n<td>-1.01 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-10-02<br \/>\nMaturity Price  : 17.65<br \/>\nEvaluated at bid price : 17.65<br \/>\nBid-YTW : 6.10 %<\/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>TD.PF.M<\/td>\n<td>FixedReset Disc<\/td>\n<td>45,925<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-10-02<br \/>\nMaturity Price  : 23.02<br \/>\nEvaluated at bid price : 24.57<br \/>\nBid-YTW : 5.15 %<\/td>\n<\/tr>\n<tr>\n<td>CM.PR.R<\/td>\n<td>FixedReset Disc<\/td>\n<td>42,392<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-10-02<br \/>\nMaturity Price  : 21.16<br \/>\nEvaluated at bid price : 21.16<br \/>\nBid-YTW : 5.59 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PF.G<\/td>\n<td>FixedReset Disc<\/td>\n<td>37,783<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-10-02<br \/>\nMaturity Price  : 17.21<br \/>\nEvaluated at bid price : 17.21<br \/>\nBid-YTW : 6.24 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PF.F<\/td>\n<td>FixedReset Disc<\/td>\n<td>37,100<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-10-02<br \/>\nMaturity Price  : 17.65<br \/>\nEvaluated at bid price : 17.65<br \/>\nBid-YTW : 6.10 %<\/td>\n<\/tr>\n<tr>\n<td>RY.PR.M<\/td>\n<td>FixedReset Disc<\/td>\n<td>30,700<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-10-02<br \/>\nMaturity Price  : 18.25<br \/>\nEvaluated at bid price : 18.25<br \/>\nBid-YTW : 5.56 %<\/td>\n<\/tr>\n<tr>\n<td>TD.PF.L<\/td>\n<td>FixedReset Disc<\/td>\n<td>27,178<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-10-02<br \/>\nMaturity Price  : 22.92<br \/>\nEvaluated at bid price : 24.26<br \/>\nBid-YTW : 4.96 %<\/td>\n<\/tr>\n<tr>\n<td colspan=\"4\">There were 33 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>HSE.PR.E<\/td>\n<td>FixedReset Disc<\/td>\n<td>Quote: 17.40 &#8211; 18.10<br \/>\nSpot Rate  :  0.7000<br \/>\nAverage  :  0.4906<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-10-02<br \/>\nMaturity Price  : 17.40<br \/>\nEvaluated at bid price : 17.40<br \/>\nBid-YTW : 7.19 %<\/td>\n<\/tr>\n<tr>\n<td>CU.PR.C<\/td>\n<td>FixedReset Disc<\/td>\n<td>Quote: 16.08 &#8211; 16.62<br \/>\nSpot Rate  :  0.5400<br \/>\nAverage  :  0.3806<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-10-02<br \/>\nMaturity Price  : 16.08<br \/>\nEvaluated at bid price : 16.08<br \/>\nBid-YTW : 5.90 %<\/td>\n<\/tr>\n<tr>\n<td>MFC.PR.K<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>Quote: 17.13 &#8211; 17.56<br \/>\nSpot Rate  :  0.4300<br \/>\nAverage  :  0.2844<\/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 : 17.13<br \/>\nBid-YTW : 8.76 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PR.C<\/td>\n<td>Floater<\/td>\n<td>Quote: 10.27 &#8211; 10.66<br \/>\nSpot Rate  :  0.3900<br \/>\nAverage  :  0.2471<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-10-02<br \/>\nMaturity Price  : 10.27<br \/>\nEvaluated at bid price : 10.27<br \/>\nBid-YTW : 6.79 %<\/td>\n<\/tr>\n<tr>\n<td>BNS.PR.Z<\/td>\n<td>FixedReset Bank Non<\/td>\n<td>Quote: 23.81 &#8211; 24.15<br \/>\nSpot Rate  :  0.3400<br \/>\nAverage  :  0.2323<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Hard Maturity<br \/>\nMaturity Date\t: 2022-01-31<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 23.81<br \/>\nBid-YTW : 4.47 %<\/td>\n<\/tr>\n<tr>\n<td>ELF.PR.G<\/td>\n<td>Perpetual-Discount<\/td>\n<td>Quote: 21.86 &#8211; 22.30<br \/>\nSpot Rate  :  0.4400<br \/>\nAverage  :  0.3423<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-10-02<br \/>\nMaturity Price  : 21.61<br \/>\nEvaluated at bid price : 21.86<br \/>\nBid-YTW : 5.44 %<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Click for Big It was a pretty rotten day all &#8217;round: Stocks slid on Wednesday, a second day of selling that has shattered a relatively calm period for Wall Street, as investors faced new evidence &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-50873","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/50873","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=50873"}],"version-history":[{"count":1,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/50873\/revisions"}],"predecessor-version":[{"id":50874,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/50873\/revisions\/50874"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=50873"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=50873"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=50873"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}