{"id":40294,"date":"2020-02-19T23:09:20","date_gmt":"2020-02-20T04:09:20","guid":{"rendered":"http:\/\/prefblog.com\/?p=40294"},"modified":"2020-02-19T23:09:20","modified_gmt":"2020-02-20T04:09:20","slug":"february-19-2020","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=40294","title":{"rendered":"February 19, 2020"},"content":{"rendered":"

How about that Canadian inflation<\/a>, eh?:<\/p>\n

The annual pace of inflation jumped last month to 2.4 per cent, its fastest rate in almost two years, fuelled by higher costs at the gas pump, pricey tomatoes and a rare surge in clothing costs.
…<\/b>
Much of the bump came as concerns about events in the Middle East helped pushed gas prices up 11.2 per cent compared with January, 2019, when a global supply glut lowered oil prices.
…<\/b>
The average of Canada\u2019s three measures for core inflation, which are considered better gauges of underlying price pressures and closely tracked by the Bank of Canada, was 2.033 per cent compared with 2.067 per cent for December.
…<\/b>
Costs grew for fresh vegetables by 5 per cent, which the agency says is largely attributable to a 10.8-per-cent bump in the price of tomatoes stemming from inclement weather in growing regions of the United States and Mexico.<\/p><\/blockquote>\n

PerpetualDiscounts now yield 5.16%, equivalent to 6.71% interest at the standard equivalency factor of 1.3x. Long corporates<\/a> now yield 3.10%, so the pre-tax interest-equivalent spread (in this context, the \u201cSeniority Spread\u201d) has narrowed dramatically to 360bp from the 380bp reported February 12<\/a>.<\/p>\n\n\n\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>\n0.1924 %<\/td>\n2,073.8<\/td>\n<\/tr>\n
FixedFloater<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.1924 %<\/td>\n3,805.3<\/td>\n<\/tr>\n
Floater<\/td>\n5.90 %<\/td>\n6.08 %<\/td>\n51,781<\/td>\n13.71<\/td>\n4<\/td>\n0.1924 %<\/td>\n2,193.0<\/td>\n<\/tr>\n
OpRet<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.1677 %<\/td>\n3,489.7<\/td>\n<\/tr>\n
SplitShare<\/td>\n4.72 %<\/td>\n4.06 %<\/td>\n40,338<\/td>\n4.09<\/td>\n6<\/td>\n0.1677 %<\/td>\n4,167.5<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.1677 %<\/td>\n3,251.6<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.54 %<\/td>\n0.19 %<\/td>\n56,856<\/td>\n0.09<\/td>\n12<\/td>\n0.0295 %<\/td>\n3,074.5<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n5.16 %<\/td>\n5.16 %<\/td>\n65,605<\/td>\n15.02<\/td>\n24<\/td>\n0.0070 %<\/td>\n3,383.4<\/td>\n<\/tr>\n
FixedReset Disc<\/td>\n5.49 %<\/td>\n5.42 %<\/td>\n173,941<\/td>\n14.78<\/td>\n64<\/td>\n0.1318 %<\/td>\n2,183.9<\/td>\n<\/tr>\n
Deemed-Retractible<\/td>\n5.09 %<\/td>\n5.19 %<\/td>\n72,451<\/td>\n14.91<\/td>\n27<\/td>\n-0.0231 %<\/td>\n3,288.0<\/td>\n<\/tr>\n
FloatingReset<\/td>\n5.99 %<\/td>\n6.10 %<\/td>\n57,314<\/td>\n13.75<\/td>\n3<\/td>\n0.2675 %<\/td>\n2,554.9<\/td>\n<\/tr>\n
FixedReset Prem<\/td>\n5.07 %<\/td>\n3.39 %<\/td>\n136,601<\/td>\n1.43<\/td>\n22<\/td>\n0.0745 %<\/td>\n2,661.7<\/td>\n<\/tr>\n
FixedReset Bank Non<\/td>\n1.93 %<\/td>\n3.26 %<\/td>\n72,036<\/td>\n1.89<\/td>\n3<\/td>\n-0.0136 %<\/td>\n2,755.0<\/td>\n<\/tr>\n
FixedReset Ins Non<\/td>\n5.33 %<\/td>\n5.39 %<\/td>\n103,347<\/td>\n14.63<\/td>\n22<\/td>\n0.2784 %<\/td>\n2,202.0<\/td>\n<\/tr>\n<\/table>\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
TRP.PR.E<\/td>\nFixedReset Disc<\/td>\n-1.62 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-02-19
\nMaturity Price : 16.38
\nEvaluated at bid price : 16.38
\nBid-YTW : 5.77 %<\/td>\n<\/tr>\n
BAM.PR.N<\/td>\nPerpetual-Discount<\/td>\n-1.14 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-02-19
\nMaturity Price : 22.17
\nEvaluated at bid price : 22.45
\nBid-YTW : 5.36 %<\/td>\n<\/tr>\n
BAM.PF.F<\/td>\nFixedReset Disc<\/td>\n-1.05 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-02-19
\nMaturity Price : 17.96
\nEvaluated at bid price : 17.96
\nBid-YTW : 5.92 %<\/td>\n<\/tr>\n
MFC.PR.J<\/td>\nFixedReset Ins Non<\/td>\n1.04 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-02-19
\nMaturity Price : 19.50
\nEvaluated at bid price : 19.50
\nBid-YTW : 5.39 %<\/td>\n<\/tr>\n
PWF.PR.P<\/td>\nFixedReset Disc<\/td>\n1.05 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-02-19
\nMaturity Price : 13.45
\nEvaluated at bid price : 13.45
\nBid-YTW : 5.53 %<\/td>\n<\/tr>\n
TRP.PR.F<\/td>\nFloatingReset<\/td>\n1.12 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-02-19
\nMaturity Price : 14.39
\nEvaluated at bid price : 14.39
\nBid-YTW : 6.30 %<\/td>\n<\/tr>\n
MFC.PR.H<\/td>\nFixedReset Ins Non<\/td>\n1.20 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-02-19
\nMaturity Price : 21.00
\nEvaluated at bid price : 21.00
\nBid-YTW : 5.44 %<\/td>\n<\/tr>\n
MFC.PR.N<\/td>\nFixedReset Ins Non<\/td>\n1.30 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-02-19
\nMaturity Price : 17.10
\nEvaluated at bid price : 17.10
\nBid-YTW : 5.48 %<\/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
IFC.PR.I<\/td>\nPerpetual-Premium<\/td>\n145,998<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2029-03-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.18
\nBid-YTW : 5.34 %<\/td>\n<\/tr>\n
MFC.PR.C<\/td>\nDeemed-Retractible<\/td>\n100,855<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-02-19
\nMaturity Price : 21.75
\nEvaluated at bid price : 22.00
\nBid-YTW : 5.19 %<\/td>\n<\/tr>\n
TD.PF.A<\/td>\nFixedReset Disc<\/td>\n46,317<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-02-19
\nMaturity Price : 17.43
\nEvaluated at bid price : 17.43
\nBid-YTW : 5.26 %<\/td>\n<\/tr>\n
CM.PR.P<\/td>\nFixedReset Disc<\/td>\n36,900<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-02-19
\nMaturity Price : 17.00
\nEvaluated at bid price : 17.00
\nBid-YTW : 5.51 %<\/td>\n<\/tr>\n
RY.PR.S<\/td>\nFixedReset Disc<\/td>\n36,350<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-02-19
\nMaturity Price : 20.06
\nEvaluated at bid price : 20.06
\nBid-YTW : 5.00 %<\/td>\n<\/tr>\n
TRP.PR.C<\/td>\nFixedReset Disc<\/td>\n31,400<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-02-19
\nMaturity Price : 12.30
\nEvaluated at bid price : 12.30
\nBid-YTW : 5.93 %<\/td>\n<\/tr>\n
There were 22 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.S<\/td>\nDeemed-Retractible<\/td>\nQuote: 24.97 – 25.75
\nSpot Rate : 0.7800
\nAverage : 0.5555<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-02-19
\nMaturity Price : 24.63
\nEvaluated at bid price : 24.97
\nBid-YTW : 5.32 %<\/td>\n<\/tr>\n

SLF.PR.H<\/td>\nFixedReset Ins Non<\/td>\nQuote: 16.41 – 16.75
\nSpot Rate : 0.3400
\nAverage : 0.2307<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-02-19
\nMaturity Price : 16.41
\nEvaluated at bid price : 16.41
\nBid-YTW : 5.39 %<\/td>\n<\/tr>\n

HSE.PR.A<\/td>\nFixedReset Disc<\/td>\nQuote: 11.56 – 11.95
\nSpot Rate : 0.3900
\nAverage : 0.2837<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-02-19
\nMaturity Price : 11.56
\nEvaluated at bid price : 11.56
\nBid-YTW : 6.74 %<\/td>\n<\/tr>\n

MFC.PR.Q<\/td>\nFixedReset Ins Non<\/td>\nQuote: 19.42 – 19.76
\nSpot Rate : 0.3400
\nAverage : 0.2461<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-02-19
\nMaturity Price : 19.42
\nEvaluated at bid price : 19.42
\nBid-YTW : 5.35 %<\/td>\n<\/tr>\n

IFC.PR.G<\/td>\nFixedReset Ins Non<\/td>\nQuote: 19.20 – 19.44
\nSpot Rate : 0.2400
\nAverage : 0.1531<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-02-19
\nMaturity Price : 19.20
\nEvaluated at bid price : 19.20
\nBid-YTW : 5.46 %<\/td>\n<\/tr>\n

MFC.PR.M<\/td>\nFixedReset Ins Non<\/td>\nQuote: 17.78 – 18.09
\nSpot Rate : 0.3100
\nAverage : 0.2247<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-02-19
\nMaturity Price : 17.78
\nEvaluated at bid price : 17.78
\nBid-YTW : 5.38 %<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

How about that Canadian inflation, eh?: The annual pace of inflation jumped last month to 2.4 per cent, its fastest rate in almost two years, fuelled by higher costs at the gas pump, pricey tomatoes …<\/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-40294","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/40294","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=40294"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/40294\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=40294"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=40294"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=40294"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}