The New York Fed has released the June Survey of Consumer Expectations:
June Survey: Inflation Expectations Up at Short- and Medium-Term Horizons; Gas Price Growth Expectations Fall
- Median inflation expectations at the one-year ahead horizon increased by 0.2 percentage point (ppt) to 3.7 percent in June, the highest level since September 2023, and by 0.2 ppt to 3.3 percent at the three-year-ahead horizon, the highest level since June 2022. They were unchanged at 3.0 percent at the five-year-ahead horizon.
- Gas price growth expectations declined by 3.5 ppts to 1.5 percent, the lowest level observed since August 2022.
- The mean perceived probability of losing one’s job in the next twelve months decreased by 1.0 ppt to 14.1 percent, and the mean perceived probability of finding a job if one’s current job was lost increased by 1.2 ppt to 44.9 percent.
- Perceptions about households’ current financial situations compared to a year ago improved, with a smaller share of households reporting a worse financial situation and a larger share reporting a better financial situation; however, expectations for future credit availability deteriorated slightly, with a larger share of respondents expecting that it will be harder to obtain credit in the year ahead.
| 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 | 0.3074 % | 2,624.2 |
| FixedFloater | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.3074 % | 4,941.7 |
| Floater | 5.51 % | 5.58 % | 37,496 | 14.57 | 3 | 0.3074 % | 2,847.9 |
| OpRet | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.0317 % | 3,629.9 |
| SplitShare | 4.80 % | 4.89 % | 66,909 | 2.69 | 5 | -0.0317 % | 4,334.8 |
| Interest-Bearing | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.0317 % | 3,382.2 |
| Perpetual-Premium | 5.69 % | 5.56 % | 58,253 | 6.57 | 7 | 0.1472 % | 3,075.6 |
| Perpetual-Discount | 5.55 % | 5.62 % | 40,564 | 14.39 | 27 | 0.5361 % | 3,402.6 |
| FixedReset Disc | 5.69 % | 5.78 % | 98,489 | 14.02 | 19 | 0.6103 % | 3,344.1 |
| Insurance Straight | 5.46 % | 5.55 % | 49,102 | 14.58 | 20 | 0.1514 % | 3,294.5 |
| FloatingReset | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.6103 % | 4,083.2 |
| FixedReset Prem | 5.92 % | 4.65 % | 73,797 | 2.29 | 29 | 0.0588 % | 2,653.8 |
| FixedReset Bank Non | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.6103 % | 3,418.4 |
| FixedReset Ins Non | 5.29 % | 5.26 % | 54,477 | 14.56 | 14 | 0.0982 % | 3,228.0 |
| Performance Highlights | |||
| Issue | Index | Change | Notes |
| GWO.PR.Y | Insurance Straight | -3.47 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-07-07 Maturity Price : 20.00 Evaluated at bid price : 20.00 Bid-YTW : 5.67 % |
| MFC.PR.N | FixedReset Ins Non | -1.51 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-07-07 Maturity Price : 23.18 Evaluated at bid price : 24.72 Bid-YTW : 5.32 % |
| GWO.PR.N | FixedReset Ins Non | -1.35 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-07-07 Maturity Price : 19.00 Evaluated at bid price : 19.00 Bid-YTW : 5.66 % |
| BIP.PR.F | FixedReset Prem | -1.19 % | YTW SCENARIO Maturity Type : Call Maturity Date : 2029-01-01 Maturity Price : 25.00 Evaluated at bid price : 25.64 Bid-YTW : 5.41 % |
| SLF.PR.C | Insurance Straight | -1.10 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-07-07 Maturity Price : 21.51 Evaluated at bid price : 21.51 Bid-YTW : 5.21 % |
| FTS.PR.J | Perpetual-Discount | -1.00 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-07-07 Maturity Price : 22.44 Evaluated at bid price : 22.70 Bid-YTW : 5.28 % |
| MFC.PR.M | FixedReset Ins Non | 1.00 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-07-07 Maturity Price : 23.40 Evaluated at bid price : 25.25 Bid-YTW : 5.32 % |
| MIC.PR.A | Perpetual-Discount | 1.09 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-07-07 Maturity Price : 22.77 Evaluated at bid price : 23.20 Bid-YTW : 5.84 % |
| ENB.PR.J | FixedReset Disc | 1.20 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-07-07 Maturity Price : 23.22 Evaluated at bid price : 24.43 Bid-YTW : 5.82 % |
| POW.PR.A | Perpetual-Discount | 1.22 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-07-07 Maturity Price : 24.68 Evaluated at bid price : 24.95 Bid-YTW : 5.63 % |
| BN.PF.F | FixedReset Prem | 1.23 % | YTW SCENARIO Maturity Type : Call Maturity Date : 2029-10-01 Maturity Price : 25.00 Evaluated at bid price : 25.51 Bid-YTW : 5.21 % |
| GWO.PR.P | Insurance Straight | 1.25 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-07-07 Maturity Price : 24.00 Evaluated at bid price : 24.25 Bid-YTW : 5.60 % |
| PWF.PR.P | FixedReset Disc | 1.44 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-07-07 Maturity Price : 21.10 Evaluated at bid price : 21.10 Bid-YTW : 5.58 % |
| MFC.PR.J | FixedReset Ins Non | 1.71 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-07-07 Maturity Price : 23.66 Evaluated at bid price : 24.97 Bid-YTW : 5.70 % |
| CU.PR.E | Perpetual-Discount | 1.82 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-07-07 Maturity Price : 22.12 Evaluated at bid price : 22.40 Bid-YTW : 5.53 % |
| GWO.PR.I | Insurance Straight | 2.19 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-07-07 Maturity Price : 21.00 Evaluated at bid price : 21.00 Bid-YTW : 5.40 % |
| ENB.PR.H | FixedReset Disc | 2.40 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-07-07 Maturity Price : 23.06 Evaluated at bid price : 23.88 Bid-YTW : 5.57 % |
| PWF.PR.S | Perpetual-Discount | 2.45 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-07-07 Maturity Price : 21.51 Evaluated at bid price : 21.77 Bid-YTW : 5.60 % |
| GWO.PR.T | Insurance Straight | 3.11 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-07-07 Maturity Price : 22.93 Evaluated at bid price : 23.20 Bid-YTW : 5.58 % |
| BN.PR.T | FixedReset Disc | 5.01 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-07-07 Maturity Price : 22.27 Evaluated at bid price : 23.05 Bid-YTW : 5.71 % |
| Volume Highlights | |||
| Issue | Index | Shares Traded |
Notes |
| FTS.PR.M | FixedReset Prem | 132,346 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-07-07 Maturity Price : 23.35 Evaluated at bid price : 25.10 Bid-YTW : 5.46 % |
| BN.PF.A | FixedReset Prem | 113,200 | YTW SCENARIO Maturity Type : Call Maturity Date : 2028-09-30 Maturity Price : 25.00 Evaluated at bid price : 25.88 Bid-YTW : 5.15 % |
| CU.PR.K | Perpetual-Premium | 52,970 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-07-07 Maturity Price : 24.70 Evaluated at bid price : 25.10 Bid-YTW : 5.63 % |
| BN.PF.F | FixedReset Prem | 30,566 | YTW SCENARIO Maturity Type : Call Maturity Date : 2029-10-01 Maturity Price : 25.00 Evaluated at bid price : 25.51 Bid-YTW : 5.21 % |
| BN.PF.G | FixedReset Prem | 25,217 | YTW SCENARIO Maturity Type : Call Maturity Date : 2030-07-01 Maturity Price : 25.00 Evaluated at bid price : 25.13 Bid-YTW : 5.58 % |
| ENB.PF.A | FixedReset Disc | 23,808 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-07-07 Maturity Price : 23.01 Evaluated at bid price : 24.19 Bid-YTW : 5.90 % |
| There were 5 other index-included issues trading in excess of 10,000 shares. | |||
| Wide Spread Highlights | ||
| See TMX DataLinx: ‘Last’ != ‘Close’ and the posts linked therein for an idea of why these quotes are so horrible. | ||
| Issue | Index | Quote Data and Yield Notes |
| BIP.PR.F | FixedReset Prem | Quote: 25.64 – 27.50 Spot Rate : 1.8600 Average : 1.0905 YTW SCENARIO |
| GWO.PR.Y | Insurance Straight | Quote: 20.00 – 21.05 Spot Rate : 1.0500 Average : 0.6887 YTW SCENARIO |
| IFC.PR.F | Insurance Straight | Quote: 24.00 – 24.72 Spot Rate : 0.7200 Average : 0.4791 YTW SCENARIO |
| POW.PR.C | Perpetual-Premium | Quote: 25.25 – 26.08 Spot Rate : 0.8300 Average : 0.5929 YTW SCENARIO |
| ENB.PR.B | FixedReset Disc | Quote: 23.28 – 24.00 Spot Rate : 0.7200 Average : 0.5020 YTW SCENARIO |
| IFC.PR.I | Insurance Straight | Quote: 24.96 – 25.84 Spot Rate : 0.8800 Average : 0.6876 YTW SCENARIO |