{"id":33116,"date":"2016-05-28T00:32:26","date_gmt":"2016-05-28T05:32:26","guid":{"rendered":"http:\/\/prefblog.com\/?p=33116"},"modified":"2016-05-28T00:32:26","modified_gmt":"2016-05-28T05:32:26","slug":"may-27-2017","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=33116","title":{"rendered":"May 27, 2017"},"content":{"rendered":"

Janet Yellen did some modest sabre-rattling<\/a>:<\/p>\n

Federal Reserve Chair Janet Yellen said the ongoing improvement in the U.S. economy would warrant another interest rate increase \u201cin the coming months,\u201d stopping short of giving an explicit hint that the central bank would act in June.<\/p>\n

\u201cIt\u2019s appropriate — and I\u2019ve said this in the past — for the Fed to gradually and cautiously increase our overnight interest rate over time,\u201d Yellen said Friday during remarks at Harvard University in Cambridge, Massachusetts. \u201cProbably in the coming months such a move would be appropriate.\u201d
…<\/b>
\u201cThe economy is continuing to improve,\u201d she said in a discussion with Harvard economics professor Gregory Mankiw. She added that she expects \u201cinflation will move up over the next couple of years to our 2 percent objective,\u201d provided headwinds holding down price pressures, including energy prices and a stronger dollar, stabilize alongside an improving labor market.<\/p>\n

Several regional Fed presidents, ranging from Boston Fed President Eric Rosengren to San Francisco\u2019s John Williams, have in recent weeks urged financial market participants to take more seriously the chances of a rate hike in the next two months, pointing to continued signs of steady if unspectacular growth in the U.S. economy and the waning of risks posed by global economic and financial conditions.<\/p><\/blockquote>\n

\"hikeChance_160527\"<\/a>
Click for Big<\/i><\/div>\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>\n4.64 %<\/td>\n5.62 %<\/td>\n10,825<\/td>\n17.16<\/td>\n1<\/td>\n0.7328 %<\/td>\n1,706.1<\/td>\n<\/tr>\n
FixedFloater<\/td>\n6.51 %<\/td>\n5.65 %<\/td>\n17,890<\/td>\n16.89<\/td>\n1<\/td>\n3.5461 %<\/td>\n3,106.0<\/td>\n<\/tr>\n
Floater<\/td>\n4.34 %<\/td>\n4.46 %<\/td>\n42,921<\/td>\n16.43<\/td>\n4<\/td>\n1.6321 %<\/td>\n1,790.8<\/td>\n<\/tr>\n
OpRet<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.0489 %<\/td>\n2,832.8<\/td>\n<\/tr>\n
SplitShare<\/td>\n4.94 %<\/td>\n5.18 %<\/td>\n80,930<\/td>\n3.92<\/td>\n7<\/td>\n-0.0489 %<\/td>\n3,314.9<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.0489 %<\/td>\n2,586.4<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.74 %<\/td>\n-14.32 %<\/td>\n86,088<\/td>\n0.09<\/td>\n6<\/td>\n0.1375 %<\/td>\n2,607.2<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n5.44 %<\/td>\n5.54 %<\/td>\n106,458<\/td>\n14.53<\/td>\n33<\/td>\n0.2040 %<\/td>\n2,697.2<\/td>\n<\/tr>\n
FixedReset<\/td>\n5.15 %<\/td>\n4.65 %<\/td>\n165,326<\/td>\n7.42<\/td>\n88<\/td>\n0.4436 %<\/td>\n1,989.5<\/td>\n<\/tr>\n
Deemed-Retractible<\/td>\n5.10 %<\/td>\n5.61 %<\/td>\n129,747<\/td>\n4.99<\/td>\n33<\/td>\n0.1107 %<\/td>\n2,691.2<\/td>\n<\/tr>\n
FloatingReset<\/td>\n3.17 %<\/td>\n4.99 %<\/td>\n25,906<\/td>\n5.26<\/td>\n17<\/td>\n0.0215 %<\/td>\n2,108.1<\/td>\n<\/tr>\n<\/table>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Performance Highlights<\/strong><\/td>\n<\/tr>\n
Issue<\/td>\nIndex<\/td>\nChange<\/td>\nNotes<\/td>\n<\/tr>\n
PWF.PR.Q<\/td>\nFloatingReset<\/td>\n-3.69 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2046-05-27
\nMaturity Price : 12.52
\nEvaluated at bid price : 12.52
\nBid-YTW : 4.33 %<\/td>\n<\/tr>\n
IAG.PR.A<\/td>\nDeemed-Retractible<\/td>\n-1.79 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 21.90
\nBid-YTW : 6.65 %<\/td>\n<\/tr>\n
HSE.PR.B<\/td>\nFloatingReset<\/td>\n-1.40 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2046-05-27
\nMaturity Price : 10.60
\nEvaluated at bid price : 10.60
\nBid-YTW : 5.46 %<\/td>\n<\/tr>\n
BMO.PR.T<\/td>\nFixedReset<\/td>\n-1.37 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2046-05-27
\nMaturity Price : 18.01
\nEvaluated at bid price : 18.01
\nBid-YTW : 4.41 %<\/td>\n<\/tr>\n
BNS.PR.R<\/td>\nFixedReset<\/td>\n-1.27 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2022-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 23.35
\nBid-YTW : 4.60 %<\/td>\n<\/tr>\n
CIU.PR.C<\/td>\nFixedReset<\/td>\n-1.23 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2046-05-27
\nMaturity Price : 12.00
\nEvaluated at bid price : 12.00
\nBid-YTW : 4.47 %<\/td>\n<\/tr>\n
MFC.PR.M<\/td>\nFixedReset<\/td>\n-1.22 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 19.51
\nBid-YTW : 6.88 %<\/td>\n<\/tr>\n
BAM.PF.G<\/td>\nFixedReset<\/td>\n1.06 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2046-05-27
\nMaturity Price : 20.01
\nEvaluated at bid price : 20.01
\nBid-YTW : 4.84 %<\/td>\n<\/tr>\n
TRP.PR.F<\/td>\nFloatingReset<\/td>\n1.18 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2046-05-27
\nMaturity Price : 13.61
\nEvaluated at bid price : 13.61
\nBid-YTW : 4.53 %<\/td>\n<\/tr>\n
BAM.PF.E<\/td>\nFixedReset<\/td>\n1.20 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2046-05-27
\nMaturity Price : 18.52
\nEvaluated at bid price : 18.52
\nBid-YTW : 4.88 %<\/td>\n<\/tr>\n
BAM.PR.X<\/td>\nFixedReset<\/td>\n1.23 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2046-05-27
\nMaturity Price : 14.02
\nEvaluated at bid price : 14.02
\nBid-YTW : 4.89 %<\/td>\n<\/tr>\n
BAM.PF.A<\/td>\nFixedReset<\/td>\n1.26 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2046-05-27
\nMaturity Price : 19.29
\nEvaluated at bid price : 19.29
\nBid-YTW : 4.98 %<\/td>\n<\/tr>\n
BMO.PR.Q<\/td>\nFixedReset<\/td>\n1.30 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2022-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 20.26
\nBid-YTW : 5.98 %<\/td>\n<\/tr>\n
TRP.PR.G<\/td>\nFixedReset<\/td>\n1.31 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2046-05-27
\nMaturity Price : 19.30
\nEvaluated at bid price : 19.30
\nBid-YTW : 4.88 %<\/td>\n<\/tr>\n
TRP.PR.H<\/td>\nFloatingReset<\/td>\n1.36 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2046-05-27
\nMaturity Price : 10.45
\nEvaluated at bid price : 10.45
\nBid-YTW : 4.37 %<\/td>\n<\/tr>\n
BAM.PF.B<\/td>\nFixedReset<\/td>\n1.36 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2046-05-27
\nMaturity Price : 17.85
\nEvaluated at bid price : 17.85
\nBid-YTW : 5.03 %<\/td>\n<\/tr>\n
TD.PF.D<\/td>\nFixedReset<\/td>\n1.46 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2046-05-27
\nMaturity Price : 20.10
\nEvaluated at bid price : 20.10
\nBid-YTW : 4.48 %<\/td>\n<\/tr>\n
NA.PR.Q<\/td>\nFixedReset<\/td>\n1.47 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2022-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 24.15
\nBid-YTW : 4.08 %<\/td>\n<\/tr>\n
BAM.PR.B<\/td>\nFloater<\/td>\n1.51 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2046-05-27
\nMaturity Price : 10.73
\nEvaluated at bid price : 10.73
\nBid-YTW : 4.46 %<\/td>\n<\/tr>\n
BAM.PR.K<\/td>\nFloater<\/td>\n1.92 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2046-05-27
\nMaturity Price : 10.61
\nEvaluated at bid price : 10.61
\nBid-YTW : 4.51 %<\/td>\n<\/tr>\n
HSE.PR.E<\/td>\nFixedReset<\/td>\n1.92 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2046-05-27
\nMaturity Price : 19.62
\nEvaluated at bid price : 19.62
\nBid-YTW : 5.68 %<\/td>\n<\/tr>\n
BAM.PF.F<\/td>\nFixedReset<\/td>\n1.99 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2046-05-27
\nMaturity Price : 19.95
\nEvaluated at bid price : 19.95
\nBid-YTW : 4.83 %<\/td>\n<\/tr>\n
BIP.PR.B<\/td>\nFixedReset<\/td>\n2.30 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2020-12-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.19
\nBid-YTW : 5.22 %<\/td>\n<\/tr>\n
IFC.PR.A<\/td>\nFixedReset<\/td>\n2.58 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 15.91
\nBid-YTW : 9.16 %<\/td>\n<\/tr>\n
BNS.PR.Y<\/td>\nFixedReset<\/td>\n2.60 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2022-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 20.51
\nBid-YTW : 5.58 %<\/td>\n<\/tr>\n
BNS.PR.Z<\/td>\nFixedReset<\/td>\n2.72 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2022-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 20.41
\nBid-YTW : 5.98 %<\/td>\n<\/tr>\n
BAM.PR.Z<\/td>\nFixedReset<\/td>\n3.01 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2046-05-27
\nMaturity Price : 19.50
\nEvaluated at bid price : 19.50
\nBid-YTW : 4.99 %<\/td>\n<\/tr>\n
BAM.PR.T<\/td>\nFixedReset<\/td>\n3.21 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2046-05-27
\nMaturity Price : 15.75
\nEvaluated at bid price : 15.75
\nBid-YTW : 5.08 %<\/td>\n<\/tr>\n
BAM.PR.G<\/td>\nFixedFloater<\/td>\n3.55 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2046-05-27
\nMaturity Price : 25.00
\nEvaluated at bid price : 14.60
\nBid-YTW : 5.65 %<\/td>\n<\/tr>\n
BAM.PR.C<\/td>\nFloater<\/td>\n3.82 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2046-05-27
\nMaturity Price : 10.60
\nEvaluated at bid price : 10.60
\nBid-YTW : 4.51 %<\/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
TRP.PR.J<\/td>\nFixedReset<\/td>\n91,027<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2021-05-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.70
\nBid-YTW : 4.88 %<\/td>\n<\/tr>\n
TD.PF.G<\/td>\nFixedReset<\/td>\n86,663<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2021-04-30
\nMaturity Price : 25.00
\nEvaluated at bid price : 26.12
\nBid-YTW : 4.59 %<\/td>\n<\/tr>\n
BNS.PR.G<\/td>\nFixedReset<\/td>\n58,250<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2021-07-25
\nMaturity Price : 25.00
\nEvaluated at bid price : 26.15
\nBid-YTW : 4.76 %<\/td>\n<\/tr>\n
BAM.PF.H<\/td>\nFixedReset<\/td>\n57,633<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2020-12-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 26.07
\nBid-YTW : 4.18 %<\/td>\n<\/tr>\n
BAM.PR.M<\/td>\nPerpetual-Discount<\/td>\n43,100<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2046-05-27
\nMaturity Price : 20.83
\nEvaluated at bid price : 20.83
\nBid-YTW : 5.80 %<\/td>\n<\/tr>\n
MFC.PR.F<\/td>\nFixedReset<\/td>\n41,095<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 13.85
\nBid-YTW : 10.01 %<\/td>\n<\/tr>\n
There were 23 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
GWO.PR.M<\/td>\nDeemed-Retractible<\/td>\nBelieve it or not, the actual quote for GWO.PR.M, sold to me at an enormous price by the Exchange, was 25.55-55.13, 8×2. See the picture below for proof! I have not checked whether this lamentable state of affairs is due to inadequate Toronto Stock Exchange reporting<\/a> or inadequate Toronto Stock Exchange supervision of market-makers<\/a>.<\/p>\n

Quote: 25.55 – 27.55
\nSpot Rate : 2.0000
\nAverage : 1.1139<\/p>\n

YTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2018-03-31
\nMaturity Price : 25.25
\nEvaluated at bid price : 25.55
\nBid-YTW : 5.62 %<\/td>\n<\/tr>\n

PWF.PR.T<\/td>\nFixedReset<\/td>\nQuote: 21.56 – 22.67
\nSpot Rate : 1.1100
\nAverage : 0.6563<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2046-05-27
\nMaturity Price : 21.27
\nEvaluated at bid price : 21.56
\nBid-YTW : 3.83 %<\/td>\n<\/tr>\n

BAM.PF.G<\/td>\nFixedReset<\/td>\nQuote: 20.01 – 20.87
\nSpot Rate : 0.8600
\nAverage : 0.5903<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2046-05-27
\nMaturity Price : 20.01
\nEvaluated at bid price : 20.01
\nBid-YTW : 4.84 %<\/td>\n<\/tr>\n

CM.PR.Q<\/td>\nFixedReset<\/td>\nQuote: 20.06 – 20.65
\nSpot Rate : 0.5900
\nAverage : 0.3605<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2046-05-27
\nMaturity Price : 20.06
\nEvaluated at bid price : 20.06
\nBid-YTW : 4.49 %<\/td>\n<\/tr>\n

PWF.PR.Q<\/td>\nFloatingReset<\/td>\nQuote: 12.52 – 13.39
\nSpot Rate : 0.8700
\nAverage : 0.6542<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2046-05-27
\nMaturity Price : 12.52
\nEvaluated at bid price : 12.52
\nBid-YTW : 4.33 %<\/td>\n<\/tr>\n

BAM.PR.Z<\/td>\nFixedReset<\/td>\nQuote: 19.50 – 19.95
\nSpot Rate : 0.4500
\nAverage : 0.3057<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2046-05-27
\nMaturity Price : 19.50
\nEvaluated at bid price : 19.50
\nBid-YTW : 4.99 %<\/td>\n<\/tr>\n<\/table>\n

\"GWOPRM_160527\"<\/a>
Click for Big<\/i><\/div>\n","protected":false},"excerpt":{"rendered":"

Janet Yellen did some modest sabre-rattling: Federal Reserve Chair Janet Yellen said the ongoing improvement in the U.S. economy would warrant another interest rate increase \u201cin the coming months,\u201d stopping short of giving an explicit …<\/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-33116","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/33116","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=33116"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/33116\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=33116"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=33116"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=33116"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}