The New York Fed released the Global Supply Chain Pressure Index (GSCPI):
Estimates for January 2023
- Global supply chain pressures decreased moderately in January and the index was revised upward in December.
- The largest contributing factors to supply chain pressures were declines in Korean delivery times, Chinese delivery times, and Euro Area backlogs.
- The GSCPI’s recent movements suggest that the Asia developments that were interrupting the index’s normalization may have been a transitory factor.
| HIMIPref™ Preferred Indices These values reflect the December 2008 revision of the HIMIPref™ Indices Values are provisional and are finalized monthly |
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| Index | Mean Current Yield (at bid) |
Median YTW |
Median Average Trading Value |
Median Mod Dur (YTW) |
Issues | Day’s Perf. | Index Value |
| Ratchet | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.3344 % | 2,577.5 |
| FixedFloater | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.3344 % | 4,943.7 |
| Floater | 8.74 % | 8.88 % | 56,376 | 10.45 | 2 | -0.3344 % | 2,849.1 |
| OpRet | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.3637 % | 3,426.5 |
| SplitShare | 4.91 % | 6.47 % | 53,678 | 2.79 | 7 | -0.3637 % | 4,092.0 |
| Interest-Bearing | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.3637 % | 3,192.8 |
| Perpetual-Premium | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.2816 % | 2,871.8 |
| Perpetual-Discount | 5.94 % | 5.99 % | 80,282 | 13.90 | 37 | -0.2816 % | 3,131.5 |
| FixedReset Disc | 5.36 % | 7.26 % | 88,837 | 12.40 | 59 | 0.6533 % | 2,274.3 |
| Insurance Straight | 5.82 % | 5.96 % | 90,868 | 13.94 | 20 | -0.5247 % | 3,085.0 |
| FloatingReset | 9.86 % | 9.61 % | 28,351 | 9.80 | 2 | -1.6362 % | 2,537.2 |
| FixedReset Prem | 6.34 % | 6.31 % | 198,580 | 4.05 | 2 | 0.0197 % | 2,393.3 |
| FixedReset Bank Non | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.6533 % | 2,324.8 |
| FixedReset Ins Non | 5.38 % | 7.20 % | 49,964 | 12.49 | 14 | 0.2694 % | 2,397.2 |
| Performance Highlights | |||
| Issue | Index | Change | Notes |
| CU.PR.H | Perpetual-Discount | -9.18 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-02-06 Maturity Price : 20.57 Evaluated at bid price : 20.57 Bid-YTW : 6.40 % |
| MFC.PR.C | Insurance Straight | -3.81 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-02-06 Maturity Price : 19.45 Evaluated at bid price : 19.45 Bid-YTW : 5.88 % |
| TRP.PR.F | FloatingReset | -3.48 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-02-06 Maturity Price : 15.55 Evaluated at bid price : 15.55 Bid-YTW : 10.57 % |
| RY.PR.J | FixedReset Disc | -1.90 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-02-06 Maturity Price : 19.13 Evaluated at bid price : 19.13 Bid-YTW : 7.26 % |
| MIC.PR.A | Perpetual-Discount | -1.53 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-02-06 Maturity Price : 19.95 Evaluated at bid price : 19.95 Bid-YTW : 6.88 % |
| PVS.PR.K | SplitShare | -1.52 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2029-05-31 Maturity Price : 25.00 Evaluated at bid price : 22.65 Bid-YTW : 6.47 % |
| CU.PR.C | FixedReset Disc | -1.32 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-02-06 Maturity Price : 20.16 Evaluated at bid price : 20.16 Bid-YTW : 6.83 % |
| PVS.PR.H | SplitShare | -1.25 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2027-02-28 Maturity Price : 25.00 Evaluated at bid price : 23.70 Bid-YTW : 6.44 % |
| MFC.PR.M | FixedReset Ins Non | -1.18 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-02-06 Maturity Price : 17.53 Evaluated at bid price : 17.53 Bid-YTW : 7.74 % |
| TRP.PR.C | FixedReset Disc | -1.15 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-02-06 Maturity Price : 12.06 Evaluated at bid price : 12.06 Bid-YTW : 8.63 % |
| NA.PR.S | FixedReset Disc | -1.15 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-02-06 Maturity Price : 18.10 Evaluated at bid price : 18.10 Bid-YTW : 7.61 % |
| CU.PR.J | Perpetual-Discount | -1.13 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-02-06 Maturity Price : 20.20 Evaluated at bid price : 20.20 Bid-YTW : 5.89 % |
| SLF.PR.C | Insurance Straight | -1.09 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-02-06 Maturity Price : 20.00 Evaluated at bid price : 20.00 Bid-YTW : 5.64 % |
| MFC.PR.B | Insurance Straight | -1.06 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-02-06 Maturity Price : 20.53 Evaluated at bid price : 20.53 Bid-YTW : 5.76 % |
| IFC.PR.F | Insurance Straight | -1.02 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-02-06 Maturity Price : 21.86 Evaluated at bid price : 22.21 Bid-YTW : 6.04 % |
| TRP.PR.A | FixedReset Disc | 1.03 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-02-06 Maturity Price : 14.65 Evaluated at bid price : 14.65 Bid-YTW : 8.49 % |
| TD.PF.E | FixedReset Disc | 1.10 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-02-06 Maturity Price : 20.15 Evaluated at bid price : 20.15 Bid-YTW : 6.97 % |
| BN.PR.R | FixedReset Disc | 1.16 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-02-06 Maturity Price : 14.87 Evaluated at bid price : 14.87 Bid-YTW : 8.43 % |
| BIP.PR.F | FixedReset Disc | 1.22 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-02-06 Maturity Price : 20.80 Evaluated at bid price : 20.80 Bid-YTW : 7.41 % |
| MFC.PR.N | FixedReset Ins Non | 1.28 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-02-06 Maturity Price : 17.47 Evaluated at bid price : 17.47 Bid-YTW : 7.62 % |
| CM.PR.Q | FixedReset Disc | 1.35 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-02-06 Maturity Price : 19.53 Evaluated at bid price : 19.53 Bid-YTW : 7.08 % |
| RY.PR.Z | FixedReset Disc | 1.72 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-02-06 Maturity Price : 18.30 Evaluated at bid price : 18.30 Bid-YTW : 7.24 % |
| NA.PR.G | FixedReset Disc | 1.76 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-02-06 Maturity Price : 21.64 Evaluated at bid price : 22.03 Bid-YTW : 6.76 % |
| BIP.PR.E | FixedReset Disc | 2.83 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-02-06 Maturity Price : 22.00 Evaluated at bid price : 22.55 Bid-YTW : 6.96 % |
| MFC.PR.K | FixedReset Ins Non | 3.54 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-02-06 Maturity Price : 19.00 Evaluated at bid price : 19.00 Bid-YTW : 7.22 % |
| IFC.PR.C | FixedReset Disc | 31.57 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-02-06 Maturity Price : 18.42 Evaluated at bid price : 18.42 Bid-YTW : 7.26 % |
| Volume Highlights | |||
| Issue | Index | Shares Traded |
Notes |
| MFC.PR.N | FixedReset Ins Non | 112,600 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-02-06 Maturity Price : 17.47 Evaluated at bid price : 17.47 Bid-YTW : 7.62 % |
| PWF.PR.E | Perpetual-Discount | 94,800 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-02-06 Maturity Price : 22.81 Evaluated at bid price : 23.09 Bid-YTW : 5.99 % |
| MFC.PR.Q | FixedReset Ins Non | 77,600 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-02-06 Maturity Price : 20.30 Evaluated at bid price : 20.30 Bid-YTW : 7.20 % |
| RY.PR.J | FixedReset Disc | 31,300 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-02-06 Maturity Price : 19.13 Evaluated at bid price : 19.13 Bid-YTW : 7.26 % |
| BMO.PR.W | FixedReset Disc | 29,300 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-02-06 Maturity Price : 18.01 Evaluated at bid price : 18.01 Bid-YTW : 7.31 % |
| POW.PR.G | Perpetual-Discount | 20,750 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-02-06 Maturity Price : 23.10 Evaluated at bid price : 23.36 Bid-YTW : 6.05 % |
| There were 11 other index-included issues trading in excess of 10,000 shares. | |||
| Wide Spread Highlights | ||
| Issue | Index | Quote Data and Yield Notes |
| MFC.PR.K | FixedReset Ins Non | Quote: 19.00 – 20.80 Spot Rate : 1.8000 Average : 1.1360 YTW SCENARIO |
| MIC.PR.A | Perpetual-Discount | Quote: 19.95 – 20.95 Spot Rate : 1.0000 Average : 0.6362 YTW SCENARIO |
| CU.PR.H | Perpetual-Discount | Quote: 20.57 – 22.65 Spot Rate : 2.0800 Average : 1.7245 YTW SCENARIO |
| MFC.PR.C | Insurance Straight | Quote: 19.45 – 20.34 Spot Rate : 0.8900 Average : 0.5541 YTW SCENARIO |
| MFC.PR.M | FixedReset Ins Non | Quote: 17.53 – 18.23 Spot Rate : 0.7000 Average : 0.4875 YTW SCENARIO |
| NA.PR.S | FixedReset Disc | Quote: 18.10 – 18.75 Spot Rate : 0.6500 Average : 0.4675 YTW SCENARIO |