{"id":26115,"date":"2014-08-19T18:09:28","date_gmt":"2014-08-19T23:09:28","guid":{"rendered":"http:\/\/prefblog.com\/?p=26115"},"modified":"2014-08-19T18:09:28","modified_gmt":"2014-08-19T23:09:28","slug":"august-19-2014","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=26115","title":{"rendered":"August 19, 2014"},"content":{"rendered":"

US inflation news is pretty good<\/a>:<\/p>\n

The cost of living in the U.S. climbed in July at the slowest pace in five months, indicating price pressures remain limited even as the economy picks up.<\/p>\n

The consumer price index increased 0.1 percent, matching the median forecast of 80 economists surveyed by Bloomberg, after rising 0.3 percent the prior month, a Labor Department report showed today in Washington. Stripping out volatile food and fuel, the so-called core measure also climbed 0.1 percent, less than projected.
…<\/b>
Overall consumer prices rose 2 percent in the 12 months ended July, following a 2.1 percent year-over-year advance the prior month. The core measure increased 1.9 percent from July 2013, the same as in the prior 12-month period.<\/p>\n

The Fed\u2019s 2-percent inflation goal is based on the Commerce Department\u2019s price gauge that is tied to consumer spending. That measure climbed 1.6 percent in the 12 months through June.<\/p><\/blockquote>\n

It was a mixed day for the Canadian preferred share market, with PerpetualDiscounts down 3bp, FixedResets gaining 3bp and DeemedRetractibles off 2bp. Volatility was non-existent. Volume was very low.<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
HIMIPref™ Preferred Indices
These values reflect the December 2008 revision of the HIMIPref™ Indices<\/strong>
Values are provisional and are finalized monthly<\/td>\n<\/tr>\n
Index<\/td>\nMean
Current
Yield
(at bid)<\/td>\n		Median
YTW<\/td>\n		Median
Average
Trading
Value<\/td>\n		Median
Mod Dur
(YTW)<\/td>\n		Issues<\/td>\nDay’s Perf.<\/td>\nIndex Value<\/td>\n<\/tr>\n
Ratchet<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.3470 %<\/td>\n2,621.7<\/td>\n<\/tr>\n
FixedFloater<\/td>\n4.17 %<\/td>\n3.41 %<\/td>\n26,137<\/td>\n18.57<\/td>\n1<\/td>\n0.0000 %<\/td>\n4,158.4<\/td>\n<\/tr>\n
Floater<\/td>\n2.93 %<\/td>\n3.06 %<\/td>\n45,371<\/td>\n19.54<\/td>\n4<\/td>\n-0.3470 %<\/td>\n2,711.1<\/td>\n<\/tr>\n
OpRet<\/td>\n4.05 %<\/td>\n-1.57 %<\/td>\n93,067<\/td>\n0.08<\/td>\n1<\/td>\n0.0792 %<\/td>\n2,723.9<\/td>\n<\/tr>\n
SplitShare<\/td>\n4.23 %<\/td>\n3.81 %<\/td>\n69,606<\/td>\n3.95<\/td>\n6<\/td>\n0.1920 %<\/td>\n3,137.8<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.0792 %<\/td>\n2,490.7<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.49 %<\/td>\n-1.23 %<\/td>\n84,269<\/td>\n0.08<\/td>\n19<\/td>\n0.0041 %<\/td>\n2,437.2<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n5.23 %<\/td>\n5.17 %<\/td>\n112,476<\/td>\n15.18<\/td>\n17<\/td>\n-0.0277 %<\/td>\n2,595.8<\/td>\n<\/tr>\n
FixedReset<\/td>\n4.29 %<\/td>\n3.60 %<\/td>\n189,805<\/td>\n8.63<\/td>\n76<\/td>\n0.0319 %<\/td>\n2,566.4<\/td>\n<\/tr>\n
Deemed-Retractible<\/td>\n4.99 %<\/td>\n2.39 %<\/td>\n101,108<\/td>\n0.36<\/td>\n42<\/td>\n-0.0180 %<\/td>\n2,557.6<\/td>\n<\/tr>\n
FloatingReset<\/td>\n2.64 %<\/td>\n1.99 %<\/td>\n89,009<\/td>\n3.75<\/td>\n6<\/td>\n0.1510 %<\/td>\n2,525.4<\/td>\n<\/tr>\n<\/table>\n\n\n\n\n
Performance Highlights<\/strong><\/td>\n<\/tr>\n
Issue<\/td>\nIndex<\/td>\nChange<\/td>\nNotes<\/td>\n<\/tr>\n
No individual gains or losses exceeding 1%!<\/td>\n<\/tr>\n<\/table>\n\n\n\n\n\n\n\n\n\n\n
Volume Highlights<\/strong><\/td>\n<\/tr>\n
Issue<\/td>\nIndex<\/td>\nShares
Traded<\/td>\n		Notes<\/td>\n<\/tr>\n
MFC.PR.M<\/td>\nFixedReset<\/td>\n248,365<\/td>\nRecent new issue<\/a>.
\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.01
\nBid-YTW : 3.90 %<\/td>\n<\/tr>\n
BMO.PR.W<\/td>\nFixedReset<\/td>\n204,517<\/td>\nRecent new issue<\/a>.
\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2044-08-19
\nMaturity Price : 23.14
\nEvaluated at bid price : 25.00
\nBid-YTW : 3.63 %<\/td>\n<\/tr>\n
ENB.PR.Y<\/td>\nFixedReset<\/td>\n126,759<\/td>\nNesbitt crossed three blocks: 57,300 and 37,600 at 24.05 and 15,800 at 24.00.
\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2044-08-19
\nMaturity Price : 22.74
\nEvaluated at bid price : 23.91
\nBid-YTW : 4.01 %<\/td>\n<\/tr>\n
MFC.PR.B<\/td>\nDeemed-Retractible<\/td>\n103,628<\/td>\nRBC bought 15,000 from anonymous at 23.20 and crossed 59,300 at 23.30.
\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 23.20
\nBid-YTW : 5.55 %<\/td>\n<\/tr>\n
IFC.PR.A<\/td>\nFixedReset<\/td>\n96,943<\/td>\nRBC crossed 90,900 at 24.00.
\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 24.05
\nBid-YTW : 4.13 %<\/td>\n<\/tr>\n
BAM.PF.F<\/td>\nFixedReset<\/td>\n65,728<\/td>\nRBC crossed 35,000 at 25.55; Scotia crossed 25,000 at the same price.
\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2044-08-19
\nMaturity Price : 23.32
\nEvaluated at bid price : 25.54
\nBid-YTW : 4.23 %<\/td>\n<\/tr>\n
There were 15 other index-included issues trading in excess of 10,000 shares.<\/td>\n<\/tr>\n<\/table>\n\n\n\n\n\n\n\n\n\n
Wide Spread Highlights<\/strong><\/td>\n<\/tr>\n
Issue<\/td>\nIndex<\/td>\nQuote Data and Yield Notes<\/td>\n<\/tr>\n
BAM.PF.D<\/td>\nPerpetual-Discount<\/td>\nQuote: 22.06 – 22.35
\nSpot Rate : 0.2900
\nAverage : 0.2023<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2044-08-19
\nMaturity Price : 21.76
\nEvaluated at bid price : 22.06
\nBid-YTW : 5.63 %<\/td>\n<\/tr>\n

PWF.PR.A<\/td>\nFloater<\/td>\nQuote: 20.00 – 20.34
\nSpot Rate : 0.3400
\nAverage : 0.2594<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2044-08-19
\nMaturity Price : 20.00
\nEvaluated at bid price : 20.00
\nBid-YTW : 2.63 %<\/td>\n<\/tr>\n

SLF.PR.C<\/td>\nDeemed-Retractible<\/td>\nQuote: 22.64 – 22.90
\nSpot Rate : 0.2600
\nAverage : 0.1816<\/p>\n

YTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 22.64
\nBid-YTW : 5.77 %<\/td>\n<\/tr>\n

RY.PR.E<\/td>\nDeemed-Retractible<\/td>\nQuote: 25.50 – 25.79
\nSpot Rate : 0.2900
\nAverage : 0.2149<\/p>\n

YTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2015-02-24
\nMaturity Price : 25.25
\nEvaluated at bid price : 25.50
\nBid-YTW : 2.40 %<\/td>\n<\/tr>\n

GWO.PR.H<\/td>\nDeemed-Retractible<\/td>\nQuote: 24.20 – 24.40
\nSpot Rate : 0.2000
\nAverage : 0.1286<\/p>\n

YTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 24.20
\nBid-YTW : 5.37 %<\/td>\n<\/tr>\n

IAG.PR.A<\/td>\nDeemed-Retractible<\/td>\nQuote: 23.14 – 23.49
\nSpot Rate : 0.3500
\nAverage : 0.2949<\/p>\n

YTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 23.14
\nBid-YTW : 5.66 %<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

US inflation news is pretty good: The cost of living in the U.S. climbed in July at the slowest pace in five months, indicating price pressures remain limited even as the economy picks up. The …<\/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-26115","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/26115","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=26115"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/26115\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=26115"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=26115"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=26115"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}