{"id":50897,"date":"2019-10-11T22:00:00","date_gmt":"2019-10-12T02:00:00","guid":{"rendered":"https:\/\/prefblog.com\/?p=50897"},"modified":"2025-11-21T22:01:11","modified_gmt":"2025-11-22T03:01:11","slug":"october-11-2019","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=50897","title":{"rendered":"October 11, 2019"},"content":{"rendered":"<p>The hiccup in the US repo market, last discussed on <a href=\"http:\/\/prefblog.com\/?p=39523\">September 20<\/a>, is now being <a href=\"https:\/\/www.nytimes.com\/2019\/10\/11\/business\/economy\/federal-reserve-treasury-bills.html\">addressed by the Fed<\/a>:<\/p>\n<blockquote><p>The Federal Reserve said Friday that it would buy more government-backed securities in a move meant to keep an obscure but critical corner of financial markets functioning smoothly.<\/p>\n<p>The central bank said that it had decided to begin buying Treasury bills \u2014 expanding its balance sheet for the first time since 2014 \u2014 and would begin the purchases on Tuesday. The Fed will continue buying \u201cat least into the second quarter of next year,\u201d it said in a statement.<\/p>\n<p>The Fed will also continue to intervene in the market for repurchase agreements, essentially short-term loans between banks and financial institutions. It started doing so last month for the first time since the financial crisis after rates on repos shot up briefly, spilling over to push the central bank\u2019s benchmark interest rate higher. The Fed will conduct the operations \u201cat least through January of next year,\u201d according to the release, \u201cto ensure that the supply of reserves remains ample even during periods of sharp increases in nonreserve liabilities.\u201d<\/p>\n<p>Unlike its previous bond buying campaign, which began during the Great Recession, the Fed stressed on Friday that its new effort is not meant to boost the economy.<\/p>\n<\/blockquote>\n<p><a href=\"https:\/\/www.theglobeandmail.com\/business\/economy\/article-canadas-unemployment-rate-drops-after-adding-54000-jobs-in-september\/\">Jobs, jobs, jobs<\/a>!<\/p>\n<blockquote><p>Canada\u2019s unemployment rate nudged down to a near four-decade low last month as the economy added more jobs than analysts expect \u2013 dropping an economic figure into a tight electoral race, and warnings from economists that things may not be as rosy as they seem.<\/p>\n<p>Statistics Canada\u2019s monthly labour force survey showed the country added about 54,000 net new jobs in September, driven largely by gains in full-time work, and dropping the jobless rate nationally by 0.2 points to 5.5 per cent.<br \/><b>&#8230;<\/b><br \/>The national statistics office said September\u2019s jobs growth was largely concentrated in an expansion of public-sector staff and self-employed workers. The report also said 70,000 of the new jobs were full-time, as the number of part-time workers declined.<\/p>\n<\/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>1.0223 %<\/td>\n<td>1,851.5<\/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>1.0223 %<\/td>\n<td>3,397.5<\/td>\n<\/tr>\n<tr>\n<td>Floater<\/td>\n<td>6.51 %<\/td>\n<td>6.68 %<\/td>\n<td>48,283<\/td>\n<td>12.96<\/td>\n<td>4<\/td>\n<td>1.0223 %<\/td>\n<td>1,958.0<\/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>0.1574 %<\/td>\n<td>3,396.7<\/td>\n<\/tr>\n<tr>\n<td>SplitShare<\/td>\n<td>4.64 %<\/td>\n<td>4.52 %<\/td>\n<td>54,786<\/td>\n<td>3.96<\/td>\n<td>7<\/td>\n<td>0.1574 %<\/td>\n<td>4,056.4<\/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>0.1574 %<\/td>\n<td>3,164.9<\/td>\n<\/tr>\n<tr>\n<td>Perpetual-Premium<\/td>\n<td>5.49 %<\/td>\n<td>-22.27 %<\/td>\n<td>57,952<\/td>\n<td>0.09<\/td>\n<td>8<\/td>\n<td>0.0832 %<\/td>\n<td>3,026.6<\/td>\n<\/tr>\n<tr>\n<td>Perpetual-Discount<\/td>\n<td>5.40 %<\/td>\n<td>5.45 %<\/td>\n<td>69,721<\/td>\n<td>14.71<\/td>\n<td>25<\/td>\n<td>0.1451 %<\/td>\n<td>3,204.3<\/td>\n<\/tr>\n<tr>\n<td>FixedReset Disc<\/td>\n<td>5.68 %<\/td>\n<td>5.74 %<\/td>\n<td>170,272<\/td>\n<td>14.36<\/td>\n<td>66<\/td>\n<td>0.5714 %<\/td>\n<td>2,069.1<\/td>\n<\/tr>\n<tr>\n<td>Deemed-Retractible<\/td>\n<td>5.22 %<\/td>\n<td>5.78 %<\/td>\n<td>66,331<\/td>\n<td>7.86<\/td>\n<td>27<\/td>\n<td>-0.1401 %<\/td>\n<td>3,157.6<\/td>\n<\/tr>\n<tr>\n<td>FloatingReset<\/td>\n<td>6.39 %<\/td>\n<td>6.90 %<\/td>\n<td>81,750<\/td>\n<td>12.68<\/td>\n<td>2<\/td>\n<td>2.2817 %<\/td>\n<td>2,376.7<\/td>\n<\/tr>\n<tr>\n<td>FixedReset Prem<\/td>\n<td>5.15 %<\/td>\n<td>4.05 %<\/td>\n<td>163,110<\/td>\n<td>1.70<\/td>\n<td>20<\/td>\n<td>0.1258 %<\/td>\n<td>2,598.0<\/td>\n<\/tr>\n<tr>\n<td>FixedReset Bank Non<\/td>\n<td>1.97 %<\/td>\n<td>4.21 %<\/td>\n<td>76,682<\/td>\n<td>2.23<\/td>\n<td>3<\/td>\n<td>0.0693 %<\/td>\n<td>2,680.3<\/td>\n<\/tr>\n<tr>\n<td>FixedReset Ins Non<\/td>\n<td>5.49 %<\/td>\n<td>8.14 %<\/td>\n<td>103,202<\/td>\n<td>7.79<\/td>\n<td>21<\/td>\n<td>0.9525 %<\/td>\n<td>2,104.0<\/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>NA.PR.E<\/td>\n<td>FixedReset Disc<\/td>\n<td>-2.33 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-10-11<br \/>\nMaturity Price  : 18.02<br \/>\nEvaluated at bid price : 18.02<br \/>\nBid-YTW : 5.85 %<\/td>\n<\/tr>\n<tr>\n<td>BMO.PR.E<\/td>\n<td>FixedReset Disc<\/td>\n<td>-1.70 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-10-11<br \/>\nMaturity Price  : 19.70<br \/>\nEvaluated at bid price : 19.70<br \/>\nBid-YTW : 5.63 %<\/td>\n<\/tr>\n<tr>\n<td>RY.PR.S<\/td>\n<td>FixedReset Disc<\/td>\n<td>-1.09 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-10-11<br \/>\nMaturity Price  : 19.92<br \/>\nEvaluated at bid price : 19.92<br \/>\nBid-YTW : 5.27 %<\/td>\n<\/tr>\n<tr>\n<td>GWO.PR.T<\/td>\n<td>Deemed-Retractible<\/td>\n<td>-1.04 %<\/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 : 23.85<br \/>\nBid-YTW : 5.81 %<\/td>\n<\/tr>\n<tr>\n<td>CM.PR.P<\/td>\n<td>FixedReset Disc<\/td>\n<td>1.02 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-10-11<br \/>\nMaturity Price  : 15.91<br \/>\nEvaluated at bid price : 15.91<br \/>\nBid-YTW : 5.94 %<\/td>\n<\/tr>\n<tr>\n<td>TD.PF.J<\/td>\n<td>FixedReset Disc<\/td>\n<td>1.04 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-10-11<br \/>\nMaturity Price  : 19.50<br \/>\nEvaluated at bid price : 19.50<br \/>\nBid-YTW : 5.56 %<\/td>\n<\/tr>\n<tr>\n<td>TRP.PR.D<\/td>\n<td>FixedReset Disc<\/td>\n<td>1.08 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-10-11<br \/>\nMaturity Price  : 15.85<br \/>\nEvaluated at bid price : 15.85<br \/>\nBid-YTW : 6.19 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PF.F<\/td>\n<td>FixedReset Disc<\/td>\n<td>1.10 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-10-11<br \/>\nMaturity Price  : 17.45<br \/>\nEvaluated at bid price : 17.45<br \/>\nBid-YTW : 6.19 %<\/td>\n<\/tr>\n<tr>\n<td>TD.PF.C<\/td>\n<td>FixedReset Disc<\/td>\n<td>1.16 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-10-11<br \/>\nMaturity Price  : 16.61<br \/>\nEvaluated at bid price : 16.61<br \/>\nBid-YTW : 5.71 %<\/td>\n<\/tr>\n<tr>\n<td>CM.PR.Q<\/td>\n<td>FixedReset Disc<\/td>\n<td>1.23 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-10-11<br \/>\nMaturity Price  : 18.12<br \/>\nEvaluated at bid price : 18.12<br \/>\nBid-YTW : 5.93 %<\/td>\n<\/tr>\n<tr>\n<td>TD.PF.B<\/td>\n<td>FixedReset Disc<\/td>\n<td>1.30 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-10-11<br \/>\nMaturity Price  : 17.10<br \/>\nEvaluated at bid price : 17.10<br \/>\nBid-YTW : 5.52 %<\/td>\n<\/tr>\n<tr>\n<td>TD.PF.A<\/td>\n<td>FixedReset Disc<\/td>\n<td>1.31 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-10-11<br \/>\nMaturity Price  : 17.00<br \/>\nEvaluated at bid price : 17.00<br \/>\nBid-YTW : 5.56 %<\/td>\n<\/tr>\n<tr>\n<td>PWF.PR.A<\/td>\n<td>Floater<\/td>\n<td>1.33 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-10-11<br \/>\nMaturity Price  : 11.41<br \/>\nEvaluated at bid price : 11.41<br \/>\nBid-YTW : 6.16 %<\/td>\n<\/tr>\n<tr>\n<td>NA.PR.S<\/td>\n<td>FixedReset Disc<\/td>\n<td>1.35 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-10-11<br \/>\nMaturity Price  : 17.33<br \/>\nEvaluated at bid price : 17.33<br \/>\nBid-YTW : 5.71 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PR.T<\/td>\n<td>FixedReset Disc<\/td>\n<td>1.37 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-10-11<br \/>\nMaturity Price  : 14.85<br \/>\nEvaluated at bid price : 14.85<br \/>\nBid-YTW : 6.42 %<\/td>\n<\/tr>\n<tr>\n<td>MFC.PR.G<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>1.48 %<\/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 : 18.50<br \/>\nBid-YTW : 8.14 %<\/td>\n<\/tr>\n<tr>\n<td>BMO.PR.T<\/td>\n<td>FixedReset Disc<\/td>\n<td>1.49 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-10-11<br \/>\nMaturity Price  : 17.05<br \/>\nEvaluated at bid price : 17.05<br \/>\nBid-YTW : 5.55 %<\/td>\n<\/tr>\n<tr>\n<td>TRP.PR.C<\/td>\n<td>FixedReset Disc<\/td>\n<td>1.49 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-10-11<br \/>\nMaturity Price  : 11.58<br \/>\nEvaluated at bid price : 11.58<br \/>\nBid-YTW : 6.52 %<\/td>\n<\/tr>\n<tr>\n<td>BMO.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: 2049-10-11<br \/>\nMaturity Price  : 18.83<br \/>\nEvaluated at bid price : 18.83<br \/>\nBid-YTW : 5.69 %<\/td>\n<\/tr>\n<tr>\n<td>TRP.PR.F<\/td>\n<td>FloatingReset<\/td>\n<td>1.55 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-10-11<br \/>\nMaturity Price  : 13.11<br \/>\nEvaluated at bid price : 13.11<br \/>\nBid-YTW : 6.90 %<\/td>\n<\/tr>\n<tr>\n<td>BMO.PR.W<\/td>\n<td>FixedReset Disc<\/td>\n<td>1.72 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-10-11<br \/>\nMaturity Price  : 16.59<br \/>\nEvaluated at bid price : 16.59<br \/>\nBid-YTW : 5.74 %<\/td>\n<\/tr>\n<tr>\n<td>TRP.PR.A<\/td>\n<td>FixedReset Disc<\/td>\n<td>1.72 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-10-11<br \/>\nMaturity Price  : 13.02<br \/>\nEvaluated at bid price : 13.02<br \/>\nBid-YTW : 6.69 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PR.B<\/td>\n<td>Floater<\/td>\n<td>1.75 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-10-11<br \/>\nMaturity Price  : 10.45<br \/>\nEvaluated at bid price : 10.45<br \/>\nBid-YTW : 6.68 %<\/td>\n<\/tr>\n<tr>\n<td>MFC.PR.N<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>1.81 %<\/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 : 15.76<br \/>\nBid-YTW : 9.65 %<\/td>\n<\/tr>\n<tr>\n<td>CU.PR.C<\/td>\n<td>FixedReset Disc<\/td>\n<td>1.86 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-10-11<br \/>\nMaturity Price  : 17.01<br \/>\nEvaluated at bid price : 17.01<br \/>\nBid-YTW : 5.73 %<\/td>\n<\/tr>\n<tr>\n<td>HSE.PR.A<\/td>\n<td>FixedReset Disc<\/td>\n<td>1.89 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-10-11<br \/>\nMaturity Price  : 10.80<br \/>\nEvaluated at bid price : 10.80<br \/>\nBid-YTW : 7.40 %<\/td>\n<\/tr>\n<tr>\n<td>MFC.PR.F<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>1.95 %<\/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 : 12.56<br \/>\nBid-YTW : 11.03 %<\/td>\n<\/tr>\n<tr>\n<td>MFC.PR.M<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>2.16 %<\/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 : 16.10<br \/>\nBid-YTW : 9.45 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PF.G<\/td>\n<td>FixedReset Disc<\/td>\n<td>2.24 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-10-11<br \/>\nMaturity Price  : 17.35<br \/>\nEvaluated at bid price : 17.35<br \/>\nBid-YTW : 6.37 %<\/td>\n<\/tr>\n<tr>\n<td>SLF.PR.H<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>2.32 %<\/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 : 15.91<br \/>\nBid-YTW : 9.04 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PR.X<\/td>\n<td>FixedReset Disc<\/td>\n<td>2.54 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-10-11<br \/>\nMaturity Price  : 12.93<br \/>\nEvaluated at bid price : 12.93<br \/>\nBid-YTW : 6.30 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PR.R<\/td>\n<td>FixedReset Disc<\/td>\n<td>2.57 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-10-11<br \/>\nMaturity Price  : 14.78<br \/>\nEvaluated at bid price : 14.78<br \/>\nBid-YTW : 6.40 %<\/td>\n<\/tr>\n<tr>\n<td>GWO.PR.N<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>2.57 %<\/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 : 13.96<br \/>\nBid-YTW : 9.60 %<\/td>\n<\/tr>\n<tr>\n<td>IFC.PR.C<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>2.68 %<\/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 : 17.60<br \/>\nBid-YTW : 8.39 %<\/td>\n<\/tr>\n<tr>\n<td>HSE.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: 2049-10-11<br \/>\nMaturity Price  : 17.11<br \/>\nEvaluated at bid price : 17.11<br \/>\nBid-YTW : 7.44 %<\/td>\n<\/tr>\n<tr>\n<td>PWF.PR.P<\/td>\n<td>FixedReset Disc<\/td>\n<td>2.85 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-10-11<br \/>\nMaturity Price  : 12.61<br \/>\nEvaluated at bid price : 12.61<br \/>\nBid-YTW : 6.11 %<\/td>\n<\/tr>\n<tr>\n<td>SLF.PR.J<\/td>\n<td>FloatingReset<\/td>\n<td>3.04 %<\/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 : 12.89<br \/>\nBid-YTW : 11.13 %<\/td>\n<\/tr>\n<tr>\n<td>SLF.PR.G<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>3.28 %<\/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 : 12.91<br \/>\nBid-YTW : 10.84 %<\/td>\n<\/tr>\n<tr>\n<td>TRP.PR.B<\/td>\n<td>FixedReset Disc<\/td>\n<td>3.75 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-10-11<br \/>\nMaturity Price  : 10.79<br \/>\nEvaluated at bid price : 10.79<br \/>\nBid-YTW : 6.52 %<\/td>\n<\/tr>\n<tr>\n<td>IFC.PR.A<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>3.91 %<\/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 : 14.07<br \/>\nBid-YTW : 10.38 %<\/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.J<\/td>\n<td>FixedReset Disc<\/td>\n<td>146,863<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-10-11<br \/>\nMaturity Price  : 19.50<br \/>\nEvaluated at bid price : 19.50<br \/>\nBid-YTW : 5.56 %<\/td>\n<\/tr>\n<tr>\n<td>CM.PR.S<\/td>\n<td>FixedReset Disc<\/td>\n<td>103,217<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-10-11<br \/>\nMaturity Price  : 17.61<br \/>\nEvaluated at bid price : 17.61<br \/>\nBid-YTW : 5.83 %<\/td>\n<\/tr>\n<tr>\n<td>RY.PR.Z<\/td>\n<td>FixedReset Disc<\/td>\n<td>69,098<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-10-11<br \/>\nMaturity Price  : 17.18<br \/>\nEvaluated at bid price : 17.18<br \/>\nBid-YTW : 5.51 %<\/td>\n<\/tr>\n<tr>\n<td>SLF.PR.G<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>51,600<\/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 : 12.91<br \/>\nBid-YTW : 10.84 %<\/td>\n<\/tr>\n<tr>\n<td>CM.PR.T<\/td>\n<td>FixedReset Disc<\/td>\n<td>51,550<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-10-11<br \/>\nMaturity Price  : 22.62<br \/>\nEvaluated at bid price : 23.60<br \/>\nBid-YTW : 5.19 %<\/td>\n<\/tr>\n<tr>\n<td>BMO.PR.Y<\/td>\n<td>FixedReset Disc<\/td>\n<td>46,120<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-10-11<br \/>\nMaturity Price  : 18.83<br \/>\nEvaluated at bid price : 18.83<br \/>\nBid-YTW : 5.69 %<\/td>\n<\/tr>\n<tr>\n<td colspan=\"4\">There were 56 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>NA.PR.E<\/td>\n<td>FixedReset Disc<\/td>\n<td>Quote: 18.02 &#8211; 18.56<br \/>\nSpot Rate  :  0.5400<br \/>\nAverage  :  0.3469<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-10-11<br \/>\nMaturity Price  : 18.02<br \/>\nEvaluated at bid price : 18.02<br \/>\nBid-YTW : 5.85 %<\/td>\n<\/tr>\n<tr>\n<td>SLF.PR.H<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>Quote: 15.91 &#8211; 16.40<br \/>\nSpot Rate  :  0.4900<br \/>\nAverage  :  0.3548<\/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 : 15.91<br \/>\nBid-YTW : 9.04 %<\/td>\n<\/tr>\n<tr>\n<td>HSE.PR.E<\/td>\n<td>FixedReset Disc<\/td>\n<td>Quote: 17.07 &#8211; 17.43<br \/>\nSpot Rate  :  0.3600<br \/>\nAverage  :  0.2299<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-10-11<br \/>\nMaturity Price  : 17.07<br \/>\nEvaluated at bid price : 17.07<br \/>\nBid-YTW : 7.52 %<\/td>\n<\/tr>\n<tr>\n<td>MFC.PR.J<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>Quote: 18.44 &#8211; 18.84<br \/>\nSpot Rate  :  0.4000<br \/>\nAverage  :  0.2778<\/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 : 18.44<br \/>\nBid-YTW : 8.31 %<\/td>\n<\/tr>\n<tr>\n<td>CM.PR.Q<\/td>\n<td>FixedReset Disc<\/td>\n<td>Quote: 18.12 &#8211; 18.45<br \/>\nSpot Rate  :  0.3300<br \/>\nAverage  :  0.2081<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-10-11<br \/>\nMaturity Price  : 18.12<br \/>\nEvaluated at bid price : 18.12<br \/>\nBid-YTW : 5.93 %<\/td>\n<\/tr>\n<tr>\n<td>GWO.PR.T<\/td>\n<td>Deemed-Retractible<\/td>\n<td>Quote: 23.85 &#8211; 24.15<br \/>\nSpot Rate  :  0.3000<br \/>\nAverage  :  0.1929<\/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 : 23.85<br \/>\nBid-YTW : 5.81 %<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>The hiccup in the US repo market, last discussed on September 20, is now being addressed by the Fed: The Federal Reserve said Friday that it would buy more government-backed securities in a move meant 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