{"id":50974,"date":"2019-11-07T22:26:00","date_gmt":"2019-11-08T03:26:00","guid":{"rendered":"https:\/\/prefblog.com\/?p=50974"},"modified":"2025-11-24T22:27:24","modified_gmt":"2025-11-25T03:27:24","slug":"november-7-2019","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=50974","title":{"rendered":"November 7, 2019"},"content":{"rendered":"<p>Here&#8217;s a phrase you don&#8217;t see very often: <a href=\"https:\/\/www.theglobeandmail.com\/investing\/investment-ideas\/article-a-90-minute-cut-proposed-shorter-european-trading-day-comes-with\/\">hard-working traders<\/a>!<\/p>\n<blockquote><p>A proposal to shorten trading hours on Europe\u2019s stock exchanges could help to boost liquidity and would have far-reaching benefits for the industry\u2019s hard-working traders.<\/p>\n<p>But a proposed 90 minute reduction in the trading day could also drive some business away from Europe\u2019s main stock exchanges into so-called dark pools, trading venues which are less transparent and which regulators have been trying to curb.<\/p>\n<p>Banks and fund managers on Thursday have proposed shortening the trading day in Europe to 7 hours from current 8-1\/2 &#8212; one of the longest in the world.<\/p>\n<\/blockquote>\n<p>I don&#8217;t understand why exchanges ever close in this day and age, frankly.<\/p>\n<p>Ontario is going to <a href=\"https:\/\/www.investmentexecutive.com\/news\/from-the-regulators\/ontario-to-review-securities-act-for-first-time-in-16-years\/\">review the Securities Act<\/a>:<\/p>\n<blockquote><p>The fall statement acknowledged that the Securities Act is \u201coutdated, and should support modern capital markets.\u201d<\/p>\n<p>\u201cOntario will undertake measures to create a modernized securities regulatory framework that is responsive to innovation and changes in a rapidly evolving marketplace,\u201d the statement said. \u201cAccordingly, the government will establish a securities modernization task force.\u201d<br \/><b>&#8230;<\/b><br \/>The Securities Act requires that the Minister of Finance appoint an advisory committee to review securities legislation every five years. However, the most recent such review finished in March 2003, when a committee chaired by Purdy Crawford released a comprehensive report.<\/p>\n<p>The act also requires that the finance minister and the OSC review their memorandum of understanding (MOU), which sets out both parties\u2019 respective roles and responsibilities, every five years. The parties have not formally reviewed the current MOU since November 2009.<\/p>\n<\/blockquote>\n<p><a href=\"https:\/\/www.theglobeandmail.com\/investing\/article-treasury-yields-jump-as-us-and-china-agree-to-roll-back-tariffs\/\">Yields popped<\/a>:<\/p>\n<blockquote><p>U.S. Treasury yields surged to more than three-month highs on Thursday, exaggerated by technical factors, as reports that a U.S.-China agreement to roll back trade tariffs boosted global economic growth expectations.<\/p>\n<p>Tariffs imposed during the months-long bilateral trade war will be phased out, the Chinese commerce ministry said on Thursday, without specifying a timetable.<\/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>0.7084 %<\/td>\n<td>1,988.1<\/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>0.7084 %<\/td>\n<td>3,648.0<\/td>\n<\/tr>\n<tr>\n<td>Floater<\/td>\n<td>6.08 %<\/td>\n<td>6.24 %<\/td>\n<td>46,889<\/td>\n<td>13.50<\/td>\n<td>4<\/td>\n<td>0.7084 %<\/td>\n<td>2,102.4<\/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>0.1405 %<\/td>\n<td>3,397.5<\/td>\n<\/tr>\n<tr>\n<td>SplitShare<\/td>\n<td>4.64 %<\/td>\n<td>4.56 %<\/td>\n<td>51,807<\/td>\n<td>3.88<\/td>\n<td>7<\/td>\n<td>0.1405 %<\/td>\n<td>4,057.3<\/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>0.1405 %<\/td>\n<td>3,165.7<\/td>\n<\/tr>\n<tr>\n<td>Perpetual-Premium<\/td>\n<td>5.56 %<\/td>\n<td>-18.51 %<\/td>\n<td>51,709<\/td>\n<td>0.09<\/td>\n<td>10<\/td>\n<td>0.0353 %<\/td>\n<td>3,034.6<\/td>\n<\/tr>\n<tr>\n<td>Perpetual-Discount<\/td>\n<td>5.33 %<\/td>\n<td>5.43 %<\/td>\n<td>70,749<\/td>\n<td>14.75<\/td>\n<td>25<\/td>\n<td>-0.1421 %<\/td>\n<td>3,240.1<\/td>\n<\/tr>\n<tr>\n<td>FixedReset Disc<\/td>\n<td>5.58 %<\/td>\n<td>5.72 %<\/td>\n<td>175,955<\/td>\n<td>14.30<\/td>\n<td>66<\/td>\n<td>0.7753 %<\/td>\n<td>2,107.8<\/td>\n<\/tr>\n<tr>\n<td>Deemed-Retractible<\/td>\n<td>5.17 %<\/td>\n<td>5.64 %<\/td>\n<td>64,298<\/td>\n<td>7.80<\/td>\n<td>27<\/td>\n<td>0.0861 %<\/td>\n<td>3,191.1<\/td>\n<\/tr>\n<tr>\n<td>FloatingReset<\/td>\n<td>6.13 %<\/td>\n<td>6.69 %<\/td>\n<td>93,310<\/td>\n<td>12.88<\/td>\n<td>2<\/td>\n<td>1.2213 %<\/td>\n<td>2,500.1<\/td>\n<\/tr>\n<tr>\n<td>FixedReset Prem<\/td>\n<td>5.11 %<\/td>\n<td>3.78 %<\/td>\n<td>153,368<\/td>\n<td>1.63<\/td>\n<td>20<\/td>\n<td>0.1444 %<\/td>\n<td>2,622.9<\/td>\n<\/tr>\n<tr>\n<td>FixedReset Bank Non<\/td>\n<td>1.96 %<\/td>\n<td>4.10 %<\/td>\n<td>89,570<\/td>\n<td>2.16<\/td>\n<td>3<\/td>\n<td>0.0000 %<\/td>\n<td>2,695.7<\/td>\n<\/tr>\n<tr>\n<td>FixedReset Ins Non<\/td>\n<td>5.40 %<\/td>\n<td>8.24 %<\/td>\n<td>112,549<\/td>\n<td>7.79<\/td>\n<td>22<\/td>\n<td>0.4364 %<\/td>\n<td>2,143.0<\/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>BAM.PR.M<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-1.25 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-11-07<br \/>\nMaturity Price  : 21.31<br \/>\nEvaluated at bid price : 21.31<br \/>\nBid-YTW : 5.65 %<\/td>\n<\/tr>\n<tr>\n<td>CU.PR.D<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-1.08 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-11-07<br \/>\nMaturity Price  : 22.72<br \/>\nEvaluated at bid price : 23.00<br \/>\nBid-YTW : 5.32 %<\/td>\n<\/tr>\n<tr>\n<td>TRP.PR.G<\/td>\n<td>FixedReset Disc<\/td>\n<td>1.01 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-11-07<br \/>\nMaturity Price  : 17.95<br \/>\nEvaluated at bid price : 17.95<br \/>\nBid-YTW : 6.33 %<\/td>\n<\/tr>\n<tr>\n<td>NA.PR.G<\/td>\n<td>FixedReset Disc<\/td>\n<td>1.03 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-11-07<br \/>\nMaturity Price  : 19.55<br \/>\nEvaluated at bid price : 19.55<br \/>\nBid-YTW : 5.74 %<\/td>\n<\/tr>\n<tr>\n<td>RY.PR.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: 2049-11-07<br \/>\nMaturity Price  : 18.50<br \/>\nEvaluated at bid price : 18.50<br \/>\nBid-YTW : 5.79 %<\/td>\n<\/tr>\n<tr>\n<td>BNS.PR.I<\/td>\n<td>FixedReset Disc<\/td>\n<td>1.06 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-11-07<br \/>\nMaturity Price  : 19.15<br \/>\nEvaluated at bid price : 19.15<br \/>\nBid-YTW : 5.51 %<\/td>\n<\/tr>\n<tr>\n<td>NA.PR.W<\/td>\n<td>FixedReset Disc<\/td>\n<td>1.06 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-11-07<br \/>\nMaturity Price  : 16.22<br \/>\nEvaluated at bid price : 16.22<br \/>\nBid-YTW : 5.87 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PF.E<\/td>\n<td>FixedReset Disc<\/td>\n<td>1.09 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-11-07<br \/>\nMaturity Price  : 16.66<br \/>\nEvaluated at bid price : 16.66<br \/>\nBid-YTW : 6.25 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PF.B<\/td>\n<td>FixedReset Disc<\/td>\n<td>1.11 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-11-07<br \/>\nMaturity Price  : 18.20<br \/>\nEvaluated at bid price : 18.20<br \/>\nBid-YTW : 5.92 %<\/td>\n<\/tr>\n<tr>\n<td>SLF.PR.H<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>1.11 %<\/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 : 16.35<br \/>\nBid-YTW : 8.79 %<\/td>\n<\/tr>\n<tr>\n<td>RY.PR.M<\/td>\n<td>FixedReset Disc<\/td>\n<td>1.12 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-11-07<br \/>\nMaturity Price  : 18.06<br \/>\nEvaluated at bid price : 18.06<br \/>\nBid-YTW : 5.74 %<\/td>\n<\/tr>\n<tr>\n<td>CU.PR.C<\/td>\n<td>FixedReset Disc<\/td>\n<td>1.13 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-11-07<br \/>\nMaturity Price  : 16.99<br \/>\nEvaluated at bid price : 16.99<br \/>\nBid-YTW : 5.69 %<\/td>\n<\/tr>\n<tr>\n<td>MFC.PR.N<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>1.15 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Hard Maturity<br \/>\nMaturity Date\t: 2030-01-31<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 16.70<br \/>\nBid-YTW : 8.99 %<\/td>\n<\/tr>\n<tr>\n<td>CM.PR.Q<\/td>\n<td>FixedReset Disc<\/td>\n<td>1.17 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-11-07<br \/>\nMaturity Price  : 18.12<br \/>\nEvaluated at bid price : 18.12<br \/>\nBid-YTW : 5.97 %<\/td>\n<\/tr>\n<tr>\n<td>SLF.PR.J<\/td>\n<td>FloatingReset<\/td>\n<td>1.19 %<\/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 : 13.66<br \/>\nBid-YTW : 10.52 %<\/td>\n<\/tr>\n<tr>\n<td>HSE.PR.C<\/td>\n<td>FixedReset Disc<\/td>\n<td>1.19 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-11-07<br \/>\nMaturity Price  : 17.00<br \/>\nEvaluated at bid price : 17.00<br \/>\nBid-YTW : 6.98 %<\/td>\n<\/tr>\n<tr>\n<td>NA.PR.E<\/td>\n<td>FixedReset Disc<\/td>\n<td>1.21 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-11-07<br \/>\nMaturity Price  : 18.35<br \/>\nEvaluated at bid price : 18.35<br \/>\nBid-YTW : 5.78 %<\/td>\n<\/tr>\n<tr>\n<td>TRP.PR.F<\/td>\n<td>FloatingReset<\/td>\n<td>1.26 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-11-07<br \/>\nMaturity Price  : 13.69<br \/>\nEvaluated at bid price : 13.69<br \/>\nBid-YTW : 6.69 %<\/td>\n<\/tr>\n<tr>\n<td>BIP.PR.A<\/td>\n<td>FixedReset Disc<\/td>\n<td>1.29 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-11-07<br \/>\nMaturity Price  : 19.65<br \/>\nEvaluated at bid price : 19.65<br \/>\nBid-YTW : 6.56 %<\/td>\n<\/tr>\n<tr>\n<td>PWF.PR.P<\/td>\n<td>FixedReset Disc<\/td>\n<td>1.38 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-11-07<br \/>\nMaturity Price  : 13.21<br \/>\nEvaluated at bid price : 13.21<br \/>\nBid-YTW : 5.88 %<\/td>\n<\/tr>\n<tr>\n<td>TRP.PR.D<\/td>\n<td>FixedReset Disc<\/td>\n<td>1.43 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-11-07<br \/>\nMaturity Price  : 16.27<br \/>\nEvaluated at bid price : 16.27<br \/>\nBid-YTW : 6.07 %<\/td>\n<\/tr>\n<tr>\n<td>TD.PF.E<\/td>\n<td>FixedReset Disc<\/td>\n<td>1.48 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-11-07<br \/>\nMaturity Price  : 19.15<br \/>\nEvaluated at bid price : 19.15<br \/>\nBid-YTW : 5.76 %<\/td>\n<\/tr>\n<tr>\n<td>HSE.PR.E<\/td>\n<td>FixedReset Disc<\/td>\n<td>1.51 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-11-07<br \/>\nMaturity Price  : 18.13<br \/>\nEvaluated at bid price : 18.13<br \/>\nBid-YTW : 7.13 %<\/td>\n<\/tr>\n<tr>\n<td>EMA.PR.F<\/td>\n<td>FixedReset Disc<\/td>\n<td>1.53 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-11-07<br \/>\nMaturity Price  : 16.59<br \/>\nEvaluated at bid price : 16.59<br \/>\nBid-YTW : 6.32 %<\/td>\n<\/tr>\n<tr>\n<td>BMO.PR.Y<\/td>\n<td>FixedReset Disc<\/td>\n<td>1.60 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-11-07<br \/>\nMaturity Price  : 19.10<br \/>\nEvaluated at bid price : 19.10<br \/>\nBid-YTW : 5.56 %<\/td>\n<\/tr>\n<tr>\n<td>HSE.PR.G<\/td>\n<td>FixedReset Disc<\/td>\n<td>1.69 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-11-07<br \/>\nMaturity Price  : 18.05<br \/>\nEvaluated at bid price : 18.05<br \/>\nBid-YTW : 7.10 %<\/td>\n<\/tr>\n<tr>\n<td>RY.PR.S<\/td>\n<td>FixedReset Disc<\/td>\n<td>1.69 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-11-07<br \/>\nMaturity Price  : 19.22<br \/>\nEvaluated at bid price : 19.22<br \/>\nBid-YTW : 5.40 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PF.F<\/td>\n<td>FixedReset Disc<\/td>\n<td>1.79 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-11-07<br \/>\nMaturity Price  : 18.20<br \/>\nEvaluated at bid price : 18.20<br \/>\nBid-YTW : 5.98 %<\/td>\n<\/tr>\n<tr>\n<td>IFC.PR.A<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>1.99 %<\/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 : 14.85<br \/>\nBid-YTW : 9.78 %<\/td>\n<\/tr>\n<tr>\n<td>MFC.PR.F<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>2.01 %<\/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 : 13.20<br \/>\nBid-YTW : 10.51 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PR.X<\/td>\n<td>FixedReset Disc<\/td>\n<td>2.15 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-11-07<br \/>\nMaturity Price  : 13.75<br \/>\nEvaluated at bid price : 13.75<br \/>\nBid-YTW : 5.98 %<\/td>\n<\/tr>\n<tr>\n<td>SLF.PR.G<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>2.40 %<\/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 : 13.67<br \/>\nBid-YTW : 10.23 %<\/td>\n<\/tr>\n<tr>\n<td>TRP.PR.E<\/td>\n<td>FixedReset Disc<\/td>\n<td>2.43 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-11-07<br \/>\nMaturity Price  : 16.00<br \/>\nEvaluated at bid price : 16.00<br \/>\nBid-YTW : 6.07 %<\/td>\n<\/tr>\n<tr>\n<td>TRP.PR.C<\/td>\n<td>FixedReset Disc<\/td>\n<td>2.56 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-11-07<br \/>\nMaturity Price  : 12.01<br \/>\nEvaluated at bid price : 12.01<br \/>\nBid-YTW : 6.35 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PR.K<\/td>\n<td>Floater<\/td>\n<td>2.84 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-11-07<br \/>\nMaturity Price  : 11.23<br \/>\nEvaluated at bid price : 11.23<br \/>\nBid-YTW : 6.24 %<\/td>\n<\/tr>\n<tr>\n<td>HSE.PR.A<\/td>\n<td>FixedReset Disc<\/td>\n<td>4.11 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-11-07<br \/>\nMaturity Price  : 11.66<br \/>\nEvaluated at bid price : 11.66<br \/>\nBid-YTW : 6.92 %<\/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>CU.PR.C<\/td>\n<td>FixedReset Disc<\/td>\n<td>104,367<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-11-07<br \/>\nMaturity Price  : 16.99<br \/>\nEvaluated at bid price : 16.99<br \/>\nBid-YTW : 5.69 %<\/td>\n<\/tr>\n<tr>\n<td>TD.PF.I<\/td>\n<td>FixedReset Disc<\/td>\n<td>62,700<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-11-07<br \/>\nMaturity Price  : 20.81<br \/>\nEvaluated at bid price : 20.81<br \/>\nBid-YTW : 5.50 %<\/td>\n<\/tr>\n<tr>\n<td>PWF.PR.P<\/td>\n<td>FixedReset Disc<\/td>\n<td>41,500<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-11-07<br \/>\nMaturity Price  : 13.21<br \/>\nEvaluated at bid price : 13.21<br \/>\nBid-YTW : 5.88 %<\/td>\n<\/tr>\n<tr>\n<td>TD.PF.J<\/td>\n<td>FixedReset Disc<\/td>\n<td>34,255<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-11-07<br \/>\nMaturity Price  : 19.25<br \/>\nEvaluated at bid price : 19.25<br \/>\nBid-YTW : 5.67 %<\/td>\n<\/tr>\n<tr>\n<td>BMO.PR.C<\/td>\n<td>FixedReset Disc<\/td>\n<td>32,577<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-11-07<br \/>\nMaturity Price  : 21.90<br \/>\nEvaluated at bid price : 22.14<br \/>\nBid-YTW : 5.44 %<\/td>\n<\/tr>\n<tr>\n<td>TRP.PR.C<\/td>\n<td>FixedReset Disc<\/td>\n<td>32,300<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-11-07<br \/>\nMaturity Price  : 12.01<br \/>\nEvaluated at bid price : 12.01<br \/>\nBid-YTW : 6.35 %<\/td>\n<\/tr>\n<tr>\n<td colspan=\"4\">There were 44 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>SLF.PR.H<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>Quote: 16.35 &#8211; 16.95<br \/>\nSpot Rate  :  0.6000<br \/>\nAverage  :  0.4010<\/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 : 16.35<br \/>\nBid-YTW : 8.79 %<\/td>\n<\/tr>\n<tr>\n<td>MFC.PR.G<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>Quote: 18.82 &#8211; 19.24<br \/>\nSpot Rate  :  0.4200<br \/>\nAverage  :  0.2760<\/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 : 18.82<br \/>\nBid-YTW : 8.00 %<\/td>\n<\/tr>\n<tr>\n<td>CU.PR.F<\/td>\n<td>Perpetual-Discount<\/td>\n<td>Quote: 21.25 &#8211; 21.74<br \/>\nSpot Rate  :  0.4900<br \/>\nAverage  :  0.3677<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-11-07<br \/>\nMaturity Price  : 21.25<br \/>\nEvaluated at bid price : 21.25<br \/>\nBid-YTW : 5.31 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PF.E<\/td>\n<td>FixedReset Disc<\/td>\n<td>Quote: 16.66 &#8211; 16.97<br \/>\nSpot Rate  :  0.3100<br \/>\nAverage  :  0.1907<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-11-07<br \/>\nMaturity Price  : 16.66<br \/>\nEvaluated at bid price : 16.66<br \/>\nBid-YTW : 6.25 %<\/td>\n<\/tr>\n<tr>\n<td>TD.PF.C<\/td>\n<td>FixedReset Disc<\/td>\n<td>Quote: 16.96 &#8211; 17.29<br \/>\nSpot Rate  :  0.3300<br \/>\nAverage  :  0.2114<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2049-11-07<br \/>\nMaturity Price  : 16.96<br \/>\nEvaluated at bid price : 16.96<br \/>\nBid-YTW : 5.63 %<\/td>\n<\/tr>\n<tr>\n<td>SLF.PR.G<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>Quote: 13.67 &#8211; 14.06<br \/>\nSpot Rate  :  0.3900<br \/>\nAverage  :  0.2728<\/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 : 13.67<br \/>\nBid-YTW : 10.23 %<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Here&#8217;s a phrase you don&#8217;t see very often: hard-working traders! A proposal to shorten trading hours on Europe\u2019s stock exchanges could help to boost liquidity and would have far-reaching benefits for the industry\u2019s hard-working traders. &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-50974","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/50974","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=50974"}],"version-history":[{"count":1,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/50974\/revisions"}],"predecessor-version":[{"id":50975,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/50974\/revisions\/50975"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=50974"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=50974"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=50974"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}