{"id":33701,"date":"2016-09-28T00:01:20","date_gmt":"2016-09-28T05:01:20","guid":{"rendered":"http:\/\/prefblog.com\/?p=33701"},"modified":"2016-09-28T00:01:20","modified_gmt":"2016-09-28T05:01:20","slug":"september-27-2016","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=33701","title":{"rendered":"September 27, 2016"},"content":{"rendered":"

Here’s a US story we probably won’t see in Canada<\/a>!<\/p>\n

In a startling development, almost unheard of outside a recession, food prices have fallen for nine straight months in the U.S. It\u2019s the longest streak of food deflation since 1960 — with the exception of 2009, when the financial crisis was winding down. Analysts credit low oil and grain prices, as well as cutthroat competition from discounters. Consumers are winning out; grocery chains, not so much. Their margins and, in some cases, their stock prices, are taking a hit.<\/p>\n

Eggs and beef have have grown especially inexpensive, and it isn\u2019t only an American phenomenon: In England, Aldi recently offered its prized 8-ounce wagyu steaks from New Zealand for about $6.50 — a little more than the price of a pint of beer.
…<\/b>
[Analyst at Wolfe Research Scott] Mushkin, who researches local markets, recently found that prices of a typical basket of grocery items in Houston, had fallen almost 5 percent over the past year.<\/p><\/blockquote>\n

\"foodPrice_160927\"<\/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>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.1429 %<\/td>\n1,698.3<\/td>\n<\/tr>\n
FixedFloater<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.1429 %<\/td>\n3,102.4<\/td>\n<\/tr>\n
Floater<\/td>\n4.87 %<\/td>\n4.59 %<\/td>\n86,171<\/td>\n16.25<\/td>\n4<\/td>\n0.1429 %<\/td>\n1,787.9<\/td>\n<\/tr>\n
OpRet<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.0953 %<\/td>\n2,883.6<\/td>\n<\/tr>\n
SplitShare<\/td>\n5.05 %<\/td>\n4.59 %<\/td>\n77,227<\/td>\n2.16<\/td>\n5<\/td>\n0.0953 %<\/td>\n3,443.6<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.0953 %<\/td>\n2,686.8<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.50 %<\/td>\n4.63 %<\/td>\n65,665<\/td>\n1.95<\/td>\n12<\/td>\n-0.0293 %<\/td>\n2,686.0<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n5.12 %<\/td>\n5.08 %<\/td>\n87,153<\/td>\n15.08<\/td>\n26<\/td>\n0.1092 %<\/td>\n2,912.1<\/td>\n<\/tr>\n
FixedReset<\/td>\n4.98 %<\/td>\n4.26 %<\/td>\n149,058<\/td>\n6.98<\/td>\n92<\/td>\n-0.0016 %<\/td>\n2,045.3<\/td>\n<\/tr>\n
Deemed-Retractible<\/td>\n5.02 %<\/td>\n4.85 %<\/td>\n111,042<\/td>\n0.33<\/td>\n32<\/td>\n0.0178 %<\/td>\n2,799.8<\/td>\n<\/tr>\n
FloatingReset<\/td>\n2.85 %<\/td>\n4.43 %<\/td>\n32,492<\/td>\n4.97<\/td>\n12<\/td>\n0.1934 %<\/td>\n2,195.5<\/td>\n<\/tr>\n<\/table>\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
BMO.PR.A<\/td>\nFloatingReset<\/td>\n-1.13 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2022-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 21.01
\nBid-YTW : 5.13 %<\/td>\n<\/tr>\n
TRP.PR.C<\/td>\nFixedReset<\/td>\n-1.05 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2046-09-27
\nMaturity Price : 13.24
\nEvaluated at bid price : 13.24
\nBid-YTW : 4.12 %<\/td>\n<\/tr>\n
W.PR.K<\/td>\nFixedReset<\/td>\n1.55 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2021-01-15
\nMaturity Price : 25.00
\nEvaluated at bid price : 26.17
\nBid-YTW : 4.34 %<\/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
BNS.PR.H<\/td>\nFixedReset<\/td>\n305,167<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2022-01-26
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.60
\nBid-YTW : 4.40 %<\/td>\n<\/tr>\n
RY.PR.L<\/td>\nFixedReset<\/td>\n92,319<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2022-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.08
\nBid-YTW : 3.75 %<\/td>\n<\/tr>\n
W.PR.M<\/td>\nFixedReset<\/td>\n57,560<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2021-10-15
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.85
\nBid-YTW : 4.56 %<\/td>\n<\/tr>\n
BMO.PR.S<\/td>\nFixedReset<\/td>\n54,230<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2046-09-27
\nMaturity Price : 19.26
\nEvaluated at bid price : 19.26
\nBid-YTW : 4.01 %<\/td>\n<\/tr>\n
TD.PF.H<\/td>\nFixedReset<\/td>\n52,355<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2021-10-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.52
\nBid-YTW : 4.50 %<\/td>\n<\/tr>\n
HSB.PR.C<\/td>\nDeemed-Retractible<\/td>\n42,100<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2016-10-27
\nMaturity Price : 25.00
\nEvaluated at bid price : 24.99
\nBid-YTW : 5.13 %<\/td>\n<\/tr>\n
There were 37 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
FTS.PR.M<\/td>\nFixedReset<\/td>\nQuote: 19.32 – 19.65
\nSpot Rate : 0.3300
\nAverage : 0.2061<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2046-09-27
\nMaturity Price : 19.32
\nEvaluated at bid price : 19.32
\nBid-YTW : 4.22 %<\/td>\n<\/tr>\n

GWO.PR.N<\/td>\nFixedReset<\/td>\nQuote: 14.27 – 14.58
\nSpot Rate : 0.3100
\nAverage : 0.2047<\/p>\n

YTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 14.27
\nBid-YTW : 9.71 %<\/td>\n<\/tr>\n

SLF.PR.G<\/td>\nFixedReset<\/td>\nQuote: 14.04 – 14.45
\nSpot Rate : 0.4100
\nAverage : 0.3078<\/p>\n

YTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 14.04
\nBid-YTW : 10.05 %<\/td>\n<\/tr>\n

BAM.PR.K<\/td>\nFloater<\/td>\nQuote: 10.35 – 10.60
\nSpot Rate : 0.2500
\nAverage : 0.1592<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2046-09-27
\nMaturity Price : 10.35
\nEvaluated at bid price : 10.35
\nBid-YTW : 4.57 %<\/td>\n<\/tr>\n

TRP.PR.G<\/td>\nFixedReset<\/td>\nQuote: 20.27 – 20.65
\nSpot Rate : 0.3800
\nAverage : 0.2983<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2046-09-27
\nMaturity Price : 20.27
\nEvaluated at bid price : 20.27
\nBid-YTW : 4.48 %<\/td>\n<\/tr>\n

GWO.PR.L<\/td>\nDeemed-Retractible<\/td>\nQuote: 25.35 – 25.64
\nSpot Rate : 0.2900
\nAverage : 0.2089<\/p>\n

YTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2017-12-31
\nMaturity Price : 25.25
\nEvaluated at bid price : 25.35
\nBid-YTW : 5.27 %<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Here’s a US story we probably won’t see in Canada! In a startling development, almost unheard of outside a recession, food prices have fallen for nine straight months in the U.S. It\u2019s the longest streak …<\/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-33701","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/33701","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=33701"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/33701\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=33701"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=33701"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=33701"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}