{"id":41567,"date":"2020-11-13T19:20:26","date_gmt":"2020-11-14T00:20:26","guid":{"rendered":"http:\/\/prefblog.com\/?p=41567"},"modified":"2020-11-13T19:20:26","modified_gmt":"2020-11-14T00:20:26","slug":"november-13-2020","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=41567","title":{"rendered":"November 13, 2020"},"content":{"rendered":"<p>Everybody&#8217;s got an <a href=\"https:\/\/www.forbes.com\/sites\/jonathanponciano\/2020\/11\/12\/deutsche-bank-workers-should-pay-5-privilege-tax-to-work-from-home-after-covid\/\">idea for a new tax<\/a>:<\/p>\n<blockquote><p>As brightening vaccine prospects tease a return to pre-pandemic normalcy and employers map out when and how remote workers return to the office, analysts at Deutsche Bank are proposing a \u201cprivilege tax&#8221; on post-pandemic work from home to subsidize lost wages for low-income workers.<\/p>\n<ul>\n<li>Deutsche argues that remote workers contribute less to the economy&#8217;s infrastructure while still receiving its benefits, and says that a 5% tax on individuals levied against their wages on days they decide to work remotely would &#8220;leave them no worse off than if they had chosen to go into the office.\u201d\n<li><b>&#8230;<\/b>\n<li>Similarly, the bank proposes levying the 5% tax on employers for each employee who decides to work from home permanently, saying that companies could even be better off despite the tax given potential savings on office downsizing and general maintenance.\n<li><b>&#8230;<\/b><\/ul>\n<\/blockquote>\n<table border='1'>\n<tr>\n<td colspan='8'><strong>HIMIPref&trade; Preferred Indices<br \/>These values reflect the December 2008 revision of the HIMIPref&trade; Indices<\/strong><br \/>Values are provisional and are finalized monthly<\/td>\n<\/tr>\n<tr>\n<td>Index<\/td>\n<td>Mean<br \/>Current<br \/>Yield<br \/>(at bid)<\/td>\n<td>Median<br \/>YTW<\/td>\n<td>Median<br \/>Average<br \/>Trading<br \/>Value<\/td>\n<td>Median<br \/>Mod Dur<br \/>(YTW)<\/td>\n<td>Issues<\/td>\n<td>Day&#8217;s Perf.<\/td>\n<td>Index Value<\/td>\n<\/tr>\n<tr>\n<td>Ratchet<\/td>\n<td>0.00 %<\/td>\n<td>0.00 %<\/td>\n<td>0<\/td>\n<td>0.00<\/td>\n<td>0<\/td>\n<td>0.4983 %<\/td>\n<td>1,734.5<\/td>\n<\/tr>\n<tr>\n<td>FixedFloater<\/td>\n<td>0.00 %<\/td>\n<td>0.00 %<\/td>\n<td>0<\/td>\n<td>0.00<\/td>\n<td>0<\/td>\n<td>0.4983 %<\/td>\n<td>3,182.8<\/td>\n<\/tr>\n<tr>\n<td>Floater<\/td>\n<td>4.91 %<\/td>\n<td>4.97 %<\/td>\n<td>41,061<\/td>\n<td>15.52<\/td>\n<td>3<\/td>\n<td>0.4983 %<\/td>\n<td>1,834.3<\/td>\n<\/tr>\n<tr>\n<td>OpRet<\/td>\n<td>0.00 %<\/td>\n<td>0.00 %<\/td>\n<td>0<\/td>\n<td>0.00<\/td>\n<td>0<\/td>\n<td>-0.1724 %<\/td>\n<td>3,546.8<\/td>\n<\/tr>\n<tr>\n<td>SplitShare<\/td>\n<td>4.78 %<\/td>\n<td>4.56 %<\/td>\n<td>40,260<\/td>\n<td>3.49<\/td>\n<td>8<\/td>\n<td>-0.1724 %<\/td>\n<td>4,235.7<\/td>\n<\/tr>\n<tr>\n<td>Interest-Bearing<\/td>\n<td>0.00 %<\/td>\n<td>0.00 %<\/td>\n<td>0<\/td>\n<td>0.00<\/td>\n<td>0<\/td>\n<td>-0.1724 %<\/td>\n<td>3,304.9<\/td>\n<\/tr>\n<tr>\n<td>Perpetual-Premium<\/td>\n<td>5.35 %<\/td>\n<td>3.12 %<\/td>\n<td>76,687<\/td>\n<td>0.28<\/td>\n<td>14<\/td>\n<td>0.0391 %<\/td>\n<td>3,183.0<\/td>\n<\/tr>\n<tr>\n<td>Perpetual-Discount<\/td>\n<td>5.17 %<\/td>\n<td>5.17 %<\/td>\n<td>78,630<\/td>\n<td>15.16<\/td>\n<td>19<\/td>\n<td>0.1445 %<\/td>\n<td>3,588.9<\/td>\n<\/tr>\n<tr>\n<td>FixedReset Disc<\/td>\n<td>5.35 %<\/td>\n<td>4.13 %<\/td>\n<td>125,716<\/td>\n<td>16.53<\/td>\n<td>64<\/td>\n<td>0.2452 %<\/td>\n<td>2,166.6<\/td>\n<\/tr>\n<tr>\n<td>Insurance Straight<\/td>\n<td>5.07 %<\/td>\n<td>4.88 %<\/td>\n<td>99,866<\/td>\n<td>15.13<\/td>\n<td>22<\/td>\n<td>0.1518 %<\/td>\n<td>3,498.3<\/td>\n<\/tr>\n<tr>\n<td>FloatingReset<\/td>\n<td>1.99 %<\/td>\n<td>2.42 %<\/td>\n<td>50,518<\/td>\n<td>1.20<\/td>\n<td>3<\/td>\n<td>-0.0503 %<\/td>\n<td>1,806.1<\/td>\n<\/tr>\n<tr>\n<td>FixedReset Prem<\/td>\n<td>5.20 %<\/td>\n<td>3.08 %<\/td>\n<td>221,143<\/td>\n<td>0.74<\/td>\n<td>15<\/td>\n<td>0.0850 %<\/td>\n<td>2,664.4<\/td>\n<\/tr>\n<tr>\n<td>FixedReset Bank Non<\/td>\n<td>1.94 %<\/td>\n<td>2.20 %<\/td>\n<td>173,941<\/td>\n<td>1.20<\/td>\n<td>2<\/td>\n<td>-0.0201 %<\/td>\n<td>2,861.9<\/td>\n<\/tr>\n<tr>\n<td>FixedReset Ins Non<\/td>\n<td>5.37 %<\/td>\n<td>4.25 %<\/td>\n<td>69,289<\/td>\n<td>16.43<\/td>\n<td>22<\/td>\n<td>1.0753 %<\/td>\n<td>2,248.1<\/td>\n<\/tr>\n<\/table>\n<table border='1'>\n<tr>\n<td colspan='4'><strong>Performance Highlights<\/strong><\/td>\n<\/tr>\n<tr>\n<td>Issue<\/td>\n<td>Index<\/td>\n<td>Change<\/td>\n<td>Notes<\/td>\n<\/tr>\n<tr>\n<td>RY.PR.Z<\/td>\n<td>FixedReset Disc<\/td>\n<td>-2.90 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-11-13<br \/>\nMaturity Price  : 18.05<br \/>\nEvaluated at bid price : 18.05<br \/>\nBid-YTW : 3.96 %<\/td>\n<\/tr>\n<tr>\n<td>SLF.PR.G<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>-2.46 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-11-13<br \/>\nMaturity Price  : 11.10<br \/>\nEvaluated at bid price : 11.10<br \/>\nBid-YTW : 4.24 %<\/td>\n<\/tr>\n<tr>\n<td>NA.PR.W<\/td>\n<td>FixedReset Disc<\/td>\n<td>-2.40 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-11-13<br \/>\nMaturity Price  : 17.08<br \/>\nEvaluated at bid price : 17.08<br \/>\nBid-YTW : 4.36 %<\/td>\n<\/tr>\n<tr>\n<td>PWF.PR.P<\/td>\n<td>FixedReset Disc<\/td>\n<td>-1.82 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-11-13<br \/>\nMaturity Price  : 10.80<br \/>\nEvaluated at bid price : 10.80<br \/>\nBid-YTW : 4.81 %<\/td>\n<\/tr>\n<tr>\n<td>CM.PR.Q<\/td>\n<td>FixedReset Disc<\/td>\n<td>-1.74 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-11-13<br \/>\nMaturity Price  : 19.15<br \/>\nEvaluated at bid price : 19.15<br \/>\nBid-YTW : 4.24 %<\/td>\n<\/tr>\n<tr>\n<td>MFC.PR.Q<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>-1.03 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-11-13<br \/>\nMaturity Price  : 19.30<br \/>\nEvaluated at bid price : 19.30<br \/>\nBid-YTW : 4.27 %<\/td>\n<\/tr>\n<tr>\n<td>BMO.PR.D<\/td>\n<td>FixedReset Disc<\/td>\n<td>1.08 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-11-13<br \/>\nMaturity Price  : 22.94<br \/>\nEvaluated at bid price : 23.32<br \/>\nBid-YTW : 3.95 %<\/td>\n<\/tr>\n<tr>\n<td>MFC.PR.F<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>1.09 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-11-13<br \/>\nMaturity Price  : 11.12<br \/>\nEvaluated at bid price : 11.12<br \/>\nBid-YTW : 4.29 %<\/td>\n<\/tr>\n<tr>\n<td>BMO.PR.E<\/td>\n<td>FixedReset Disc<\/td>\n<td>1.10 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-11-13<br \/>\nMaturity Price  : 21.15<br \/>\nEvaluated at bid price : 21.15<br \/>\nBid-YTW : 4.03 %<\/td>\n<\/tr>\n<tr>\n<td>BNS.PR.I<\/td>\n<td>FixedReset Disc<\/td>\n<td>1.24 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-11-13<br \/>\nMaturity Price  : 21.15<br \/>\nEvaluated at bid price : 21.15<br \/>\nBid-YTW : 3.81 %<\/td>\n<\/tr>\n<tr>\n<td>TD.PF.I<\/td>\n<td>FixedReset Disc<\/td>\n<td>1.44 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-11-13<br \/>\nMaturity Price  : 22.87<br \/>\nEvaluated at bid price : 23.21<br \/>\nBid-YTW : 3.84 %<\/td>\n<\/tr>\n<tr>\n<td>SLF.PR.H<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>1.61 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-11-13<br \/>\nMaturity Price  : 15.75<br \/>\nEvaluated at bid price : 15.75<br \/>\nBid-YTW : 4.24 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PR.R<\/td>\n<td>FixedReset Disc<\/td>\n<td>1.89 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-11-13<br \/>\nMaturity Price  : 13.45<br \/>\nEvaluated at bid price : 13.45<br \/>\nBid-YTW : 5.22 %<\/td>\n<\/tr>\n<tr>\n<td>BMO.PR.Y<\/td>\n<td>FixedReset Disc<\/td>\n<td>2.33 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-11-13<br \/>\nMaturity Price  : 19.75<br \/>\nEvaluated at bid price : 19.75<br \/>\nBid-YTW : 3.99 %<\/td>\n<\/tr>\n<tr>\n<td>MFC.PR.H<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>2.36 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-11-13<br \/>\nMaturity Price  : 21.39<br \/>\nEvaluated at bid price : 21.70<br \/>\nBid-YTW : 4.23 %<\/td>\n<\/tr>\n<tr>\n<td>TD.PF.C<\/td>\n<td>FixedReset Disc<\/td>\n<td>2.49 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-11-13<br \/>\nMaturity Price  : 18.91<br \/>\nEvaluated at bid price : 18.91<br \/>\nBid-YTW : 3.93 %<\/td>\n<\/tr>\n<tr>\n<td>MFC.PR.N<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>3.23 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-11-13<br \/>\nMaturity Price  : 17.91<br \/>\nEvaluated at bid price : 17.91<br \/>\nBid-YTW : 4.20 %<\/td>\n<\/tr>\n<tr>\n<td>MFC.PR.M<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>15.82 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-11-13<br \/>\nMaturity Price  : 18.30<br \/>\nEvaluated at bid price : 18.30<br \/>\nBid-YTW : 4.20 %<\/td>\n<\/tr>\n<\/table>\n<table border='1'>\n<tr>\n<td colspan='4'><strong>Volume Highlights<\/strong><\/td>\n<\/tr>\n<tr>\n<td>Issue<\/td>\n<td>Index<\/td>\n<td>Shares<br \/>Traded<\/td>\n<td>Notes<\/td>\n<\/tr>\n<tr>\n<td>NA.PR.A<\/td>\n<td>FixedReset Prem<\/td>\n<td>104,242<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Call<br \/>\nMaturity Date\t: 2021-08-15<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 25.41<br \/>\nBid-YTW : 3.19 %<\/td>\n<\/tr>\n<tr>\n<td>TD.PF.H<\/td>\n<td>FixedReset Prem<\/td>\n<td>47,925<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Call<br \/>\nMaturity Date\t: 2021-10-31<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 25.30<br \/>\nBid-YTW : 3.78 %<\/td>\n<\/tr>\n<tr>\n<td>SLF.PR.A<\/td>\n<td>Insurance Straight<\/td>\n<td>38,200<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-11-13<br \/>\nMaturity Price  : 24.26<br \/>\nEvaluated at bid price : 24.56<br \/>\nBid-YTW : 4.88 %<\/td>\n<\/tr>\n<tr>\n<td>TRP.PR.G<\/td>\n<td>FixedReset Disc<\/td>\n<td>35,090<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-11-13<br \/>\nMaturity Price  : 15.22<br \/>\nEvaluated at bid price : 15.22<br \/>\nBid-YTW : 5.64 %<\/td>\n<\/tr>\n<tr>\n<td>PWF.PR.K<\/td>\n<td>Perpetual-Discount<\/td>\n<td>34,000<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-11-13<br \/>\nMaturity Price  : 23.86<br \/>\nEvaluated at bid price : 24.11<br \/>\nBid-YTW : 5.16 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PF.G<\/td>\n<td>FixedReset Disc<\/td>\n<td>32,635<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-11-13<br \/>\nMaturity Price  : 15.56<br \/>\nEvaluated at bid price : 15.56<br \/>\nBid-YTW : 5.36 %<\/td>\n<\/tr>\n<tr>\n<td colspan='4'>There were 17 other index-included issues trading in excess of 10,000 shares.<\/td>\n<\/tr>\n<\/table>\n<table border='1'>\n<tr>\n<td colspan='3'><strong>Wide Spread Highlights<\/strong><\/td>\n<\/tr>\n<tr>\n<td>Issue<\/td>\n<td>Index<\/td>\n<td>Quote Data and Yield Notes<\/td>\n<\/tr>\n<tr>\n<td>NA.PR.W<\/td>\n<td>FixedReset Disc<\/td>\n<td>Quote: 17.08 &#8211; 17.75<br \/>\nSpot Rate  :  0.6700<br \/>\nAverage  :  0.3974<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-11-13<br \/>\nMaturity Price  : 17.08<br \/>\nEvaluated at bid price : 17.08<br \/>\nBid-YTW : 4.36 %<\/td>\n<\/tr>\n<tr>\n<td>CU.PR.E<\/td>\n<td>Perpetual-Discount<\/td>\n<td>Quote: 24.35 &#8211; 25.00<br \/>\nSpot Rate  :  0.6500<br \/>\nAverage  :  0.3814<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-11-13<br \/>\nMaturity Price  : 24.05<br \/>\nEvaluated at bid price : 24.35<br \/>\nBid-YTW : 5.03 %<\/td>\n<\/tr>\n<tr>\n<td>PWF.PR.G<\/td>\n<td>Perpetual-Premium<\/td>\n<td>Quote: 25.35 &#8211; 25.94<br \/>\nSpot Rate  :  0.5900<br \/>\nAverage  :  0.3609<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Call<br \/>\nMaturity Date\t: 2020-12-13<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 25.35<br \/>\nBid-YTW : -8.32 %<\/td>\n<\/tr>\n<tr>\n<td>RY.PR.Z<\/td>\n<td>FixedReset Disc<\/td>\n<td>Quote: 18.05 &#8211; 18.65<br \/>\nSpot Rate  :  0.6000<br \/>\nAverage  :  0.3959<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-11-13<br \/>\nMaturity Price  : 18.05<br \/>\nEvaluated at bid price : 18.05<br \/>\nBid-YTW : 3.96 %<\/td>\n<\/tr>\n<tr>\n<td>MFC.PR.F<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>Quote: 11.12 &#8211; 11.94<br \/>\nSpot Rate  :  0.8200<br \/>\nAverage  :  0.6259<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-11-13<br \/>\nMaturity Price  : 11.12<br \/>\nEvaluated at bid price : 11.12<br \/>\nBid-YTW : 4.29 %<\/td>\n<\/tr>\n<tr>\n<td>CU.PR.C<\/td>\n<td>FixedReset Disc<\/td>\n<td>Quote: 17.10 &#8211; 17.81<br \/>\nSpot Rate  :  0.7100<br \/>\nAverage  :  0.5304<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2050-11-13<br \/>\nMaturity Price  : 17.10<br \/>\nEvaluated at bid price : 17.10<br \/>\nBid-YTW : 4.25 %<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Everybody&#8217;s got an idea for a new tax: As brightening vaccine prospects tease a return to pre-pandemic normalcy and employers map out when and how remote workers return to the office, analysts at Deutsche Bank &hellip;<\/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-41567","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/41567","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=41567"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/41567\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=41567"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=41567"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=41567"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}