{"id":43408,"date":"2022-05-10T20:36:22","date_gmt":"2022-05-11T01:36:22","guid":{"rendered":"https:\/\/prefblog.com\/?p=43408"},"modified":"2022-05-10T20:36:22","modified_gmt":"2022-05-11T01:36:22","slug":"may-10-2022","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=43408","title":{"rendered":"May 10, 2022"},"content":{"rendered":"

The New York Fed released its Household Debt and Credit Report<\/a> today:<\/p>\n

The Quarterly Report on Household Debt and Credit for the first quarter of 2022 shows a solid increase in total household debt of $266 billion, to $15.84 trillion. Balances now stand $1.7 trillion higher than at the end of 2019, before the COVID-19 pandemic. Mortgage and auto loan balances rose by $250 billion and $11 billion, respectively, in the quarter, although originations for both subsided from historically high levels in 2021. Credit card balances declined by $15 billion, in line with seasonal trends typically seen at the start of the year, but are still $71 billion higher than in 2021:Q1, representing a substantial year-over-year increase.<\/p><\/blockquote>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
HIMIPref\u2122 Preferred Indices
\nThese values reflect the December 2008 revision of the HIMIPref\u2122 Indices<\/strong>
\nValues are provisional and are finalized monthly<\/td>\n<\/tr>\n
Index<\/td>\nMean
\nCurrent
\nYield
\n(at bid)<\/td>\n		Median
\nYTW<\/td>\n		Median
\nAverage
\nTrading
\nValue<\/td>\n		Median
\nMod Dur
\n(YTW)<\/td>\n		Issues<\/td>\nDay’s Perf.<\/td>\nIndex Value<\/td>\n<\/tr>\n
Ratchet<\/td>\n3.81 %<\/td>\n4.46 %<\/td>\n22,237<\/td>\n18.45<\/td>\n1<\/td>\n0.0000 %<\/td>\n2,571.3<\/td>\n<\/tr>\n
FixedFloater<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-1.1122 %<\/td>\n4,804.2<\/td>\n<\/tr>\n
Floater<\/td>\n4.29 %<\/td>\n4.33 %<\/td>\n48,835<\/td>\n16.71<\/td>\n3<\/td>\n-1.1122 %<\/td>\n2,768.7<\/td>\n<\/tr>\n
OpRet<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.0485 %<\/td>\n3,504.2<\/td>\n<\/tr>\n
SplitShare<\/td>\n4.85 %<\/td>\n5.45 %<\/td>\n38,069<\/td>\n3.28<\/td>\n8<\/td>\n-0.0485 %<\/td>\n4,184.7<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.0485 %<\/td>\n3,265.1<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.94 %<\/td>\n5.98 %<\/td>\n63,251<\/td>\n13.92<\/td>\n1<\/td>\n0.0805 %<\/td>\n2,940.5<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n5.82 %<\/td>\n5.91 %<\/td>\n65,583<\/td>\n14.02<\/td>\n35<\/td>\n1.3200 %<\/td>\n3,192.3<\/td>\n<\/tr>\n
FixedReset Disc<\/td>\n4.65 %<\/td>\n6.09 %<\/td>\n130,009<\/td>\n14.00<\/td>\n59<\/td>\n1.4900 %<\/td>\n2,494.7<\/td>\n<\/tr>\n
Insurance Straight<\/td>\n5.74 %<\/td>\n5.81 %<\/td>\n101,681<\/td>\n14.14<\/td>\n20<\/td>\n0.5387 %<\/td>\n3,127.6<\/td>\n<\/tr>\n
FloatingReset<\/td>\n4.84 %<\/td>\n5.15 %<\/td>\n65,930<\/td>\n15.20<\/td>\n2<\/td>\n-0.9390 %<\/td>\n2,568.9<\/td>\n<\/tr>\n
FixedReset Prem<\/td>\n5.11 %<\/td>\n5.41 %<\/td>\n135,810<\/td>\n2.09<\/td>\n9<\/td>\n-0.2183 %<\/td>\n2,582.5<\/td>\n<\/tr>\n
FixedReset Bank Non<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n1.4900 %<\/td>\n2,550.1<\/td>\n<\/tr>\n
FixedReset Ins Non<\/td>\n4.57 %<\/td>\n6.03 %<\/td>\n84,295<\/td>\n13.89<\/td>\n15<\/td>\n0.2389 %<\/td>\n2,626.0<\/td>\n<\/tr>\n<\/tbody>\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\n\n\n
Performance Highlights<\/strong><\/td>\n<\/tr>\n
Issue<\/td>\nIndex<\/td>\nChange<\/td>\nNotes<\/td>\n<\/tr>\n
BIP.PR.F<\/td>\nFixedReset Prem<\/td>\n-2.42 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-05-10
\nMaturity Price : 23.84
\nEvaluated at bid price : 24.20
\nBid-YTW : 5.97 %<\/td>\n<\/tr>\n
CU.PR.G<\/td>\nPerpetual-Discount<\/td>\n-2.27 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-05-10
\nMaturity Price : 19.35
\nEvaluated at bid price : 19.35
\nBid-YTW : 5.83 %<\/td>\n<\/tr>\n
BAM.PF.G<\/td>\nFixedReset Disc<\/td>\n-2.04 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-05-10
\nMaturity Price : 19.25
\nEvaluated at bid price : 19.25
\nBid-YTW : 6.84 %<\/td>\n<\/tr>\n
TRP.PR.F<\/td>\nFloatingReset<\/td>\n-1.81 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-05-10
\nMaturity Price : 16.30
\nEvaluated at bid price : 16.30
\nBid-YTW : 5.15 %<\/td>\n<\/tr>\n
TD.PF.D<\/td>\nFixedReset Disc<\/td>\n-1.46 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-05-10
\nMaturity Price : 20.97
\nEvaluated at bid price : 20.97
\nBid-YTW : 6.17 %<\/td>\n<\/tr>\n
PVS.PR.G<\/td>\nSplitShare<\/td>\n-1.41 %<\/td>\nYTW SCENARIO
\nMaturity Type : Option Certainty
\nMaturity Date\t: 2026-02-28
\nMaturity Price : 25.00
\nEvaluated at bid price : 24.40
\nBid-YTW : 5.90 %<\/td>\n<\/tr>\n
BAM.PR.B<\/td>\nFloater<\/td>\n-1.21 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-05-10
\nMaturity Price : 13.01
\nEvaluated at bid price : 13.01
\nBid-YTW : 4.35 %<\/td>\n<\/tr>\n
BAM.PR.K<\/td>\nFloater<\/td>\n-1.21 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-05-10
\nMaturity Price : 13.06
\nEvaluated at bid price : 13.06
\nBid-YTW : 4.33 %<\/td>\n<\/tr>\n
PVS.PR.J<\/td>\nSplitShare<\/td>\n1.07 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2028-02-29
\nMaturity Price : 25.00
\nEvaluated at bid price : 23.70
\nBid-YTW : 5.65 %<\/td>\n<\/tr>\n
RY.PR.S<\/td>\nFixedReset Disc<\/td>\n1.08 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-05-10
\nMaturity Price : 22.98
\nEvaluated at bid price : 23.35
\nBid-YTW : 5.56 %<\/td>\n<\/tr>\n
GWO.PR.S<\/td>\nInsurance Straight<\/td>\n1.12 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-05-10
\nMaturity Price : 22.19
\nEvaluated at bid price : 22.60
\nBid-YTW : 5.87 %<\/td>\n<\/tr>\n
TRP.PR.A<\/td>\nFixedReset Disc<\/td>\n1.17 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-05-10
\nMaturity Price : 16.37
\nEvaluated at bid price : 16.37
\nBid-YTW : 7.06 %<\/td>\n<\/tr>\n
TD.PF.C<\/td>\nFixedReset Disc<\/td>\n1.23 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-05-10
\nMaturity Price : 20.65
\nEvaluated at bid price : 20.65
\nBid-YTW : 5.97 %<\/td>\n<\/tr>\n
POW.PR.D<\/td>\nPerpetual-Discount<\/td>\n1.23 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-05-10
\nMaturity Price : 21.35
\nEvaluated at bid price : 21.35
\nBid-YTW : 5.93 %<\/td>\n<\/tr>\n
BNS.PR.I<\/td>\nFixedReset Disc<\/td>\n1.26 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-05-10
\nMaturity Price : 22.97
\nEvaluated at bid price : 23.36
\nBid-YTW : 5.65 %<\/td>\n<\/tr>\n
SLF.PR.D<\/td>\nInsurance Straight<\/td>\n1.79 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-05-10
\nMaturity Price : 19.90
\nEvaluated at bid price : 19.90
\nBid-YTW : 5.67 %<\/td>\n<\/tr>\n
RY.PR.H<\/td>\nFixedReset Disc<\/td>\n1.85 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-05-10
\nMaturity Price : 20.88
\nEvaluated at bid price : 20.88
\nBid-YTW : 5.92 %<\/td>\n<\/tr>\n
NA.PR.E<\/td>\nFixedReset Disc<\/td>\n2.01 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-05-10
\nMaturity Price : 22.15
\nEvaluated at bid price : 22.85
\nBid-YTW : 5.90 %<\/td>\n<\/tr>\n
NA.PR.S<\/td>\nFixedReset Disc<\/td>\n2.44 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-05-10
\nMaturity Price : 21.00
\nEvaluated at bid price : 21.00
\nBid-YTW : 6.12 %<\/td>\n<\/tr>\n
CM.PR.O<\/td>\nFixedReset Disc<\/td>\n2.45 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-05-10
\nMaturity Price : 20.50
\nEvaluated at bid price : 20.50
\nBid-YTW : 6.11 %<\/td>\n<\/tr>\n
CM.PR.P<\/td>\nFixedReset Disc<\/td>\n2.51 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-05-10
\nMaturity Price : 20.45
\nEvaluated at bid price : 20.45
\nBid-YTW : 6.03 %<\/td>\n<\/tr>\n
TD.PF.B<\/td>\nFixedReset Disc<\/td>\n2.64 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-05-10
\nMaturity Price : 20.60
\nEvaluated at bid price : 20.60
\nBid-YTW : 6.02 %<\/td>\n<\/tr>\n
TD.PF.A<\/td>\nFixedReset Disc<\/td>\n2.70 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-05-10
\nMaturity Price : 20.55
\nEvaluated at bid price : 20.55
\nBid-YTW : 5.97 %<\/td>\n<\/tr>\n
BMO.PR.W<\/td>\nFixedReset Disc<\/td>\n2.74 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-05-10
\nMaturity Price : 20.60
\nEvaluated at bid price : 20.60
\nBid-YTW : 5.96 %<\/td>\n<\/tr>\n
BIP.PR.A<\/td>\nFixedReset Disc<\/td>\n3.41 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-05-10
\nMaturity Price : 22.27
\nEvaluated at bid price : 22.75
\nBid-YTW : 6.58 %<\/td>\n<\/tr>\n
IFC.PR.E<\/td>\nInsurance Straight<\/td>\n3.64 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-05-10
\nMaturity Price : 22.45
\nEvaluated at bid price : 22.80
\nBid-YTW : 5.77 %<\/td>\n<\/tr>\n
BMO.PR.Y<\/td>\nFixedReset Disc<\/td>\n4.65 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-05-10
\nMaturity Price : 20.93
\nEvaluated at bid price : 20.93
\nBid-YTW : 6.08 %<\/td>\n<\/tr>\n
NA.PR.G<\/td>\nFixedReset Disc<\/td>\n4.79 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-05-10
\nMaturity Price : 23.22
\nEvaluated at bid price : 23.65
\nBid-YTW : 5.90 %<\/td>\n<\/tr>\n
NA.PR.W<\/td>\nFixedReset Disc<\/td>\n6.05 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-05-10
\nMaturity Price : 20.15
\nEvaluated at bid price : 20.15
\nBid-YTW : 6.11 %<\/td>\n<\/tr>\n
BAM.PR.Z<\/td>\nFixedReset Disc<\/td>\n8.56 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-05-10
\nMaturity Price : 21.84
\nEvaluated at bid price : 22.33
\nBid-YTW : 6.55 %<\/td>\n<\/tr>\n
TRP.PR.G<\/td>\nFixedReset Disc<\/td>\n64.36 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-05-10
\nMaturity Price : 20.20
\nEvaluated at bid price : 20.20
\nBid-YTW : 6.50 %<\/td>\n<\/tr>\n
CIU.PR.A<\/td>\nPerpetual-Discount<\/td>\n92.12 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-05-10
\nMaturity Price : 19.50
\nEvaluated at bid price : 19.50
\nBid-YTW : 5.91 %<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n\n\n\n\n\n\n\n\n
Volume Highlights<\/strong><\/td>\n<\/tr>\n
Issue<\/td>\nIndex<\/td>\nShares
\nTraded<\/td>\n		Notes<\/td>\n<\/tr>\n
TD.PF.B<\/td>\nFixedReset Disc<\/td>\n38,200<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-05-10
\nMaturity Price : 20.60
\nEvaluated at bid price : 20.60
\nBid-YTW : 6.02 %<\/td>\n<\/tr>\n
TRP.PR.C<\/td>\nFixedReset Disc<\/td>\n34,300<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-05-10
\nMaturity Price : 13.51
\nEvaluated at bid price : 13.51
\nBid-YTW : 7.10 %<\/td>\n<\/tr>\n
MIC.PR.A<\/td>\nPerpetual-Discount<\/td>\n28,531<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-05-10
\nMaturity Price : 22.06
\nEvaluated at bid price : 22.35
\nBid-YTW : 6.12 %<\/td>\n<\/tr>\n
TRP.PR.E<\/td>\nFixedReset Disc<\/td>\n21,745<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-05-10
\nMaturity Price : 18.05
\nEvaluated at bid price : 18.05
\nBid-YTW : 6.96 %<\/td>\n<\/tr>\n
GWO.PR.M<\/td>\nInsurance Straight<\/td>\n18,200<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-05-10
\nMaturity Price : 24.09
\nEvaluated at bid price : 24.35
\nBid-YTW : 6.03 %<\/td>\n<\/tr>\n
MFC.PR.J<\/td>\nFixedReset Ins Non<\/td>\n17,376<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-05-10
\nMaturity Price : 22.85
\nEvaluated at bid price : 23.45
\nBid-YTW : 5.86 %<\/td>\n<\/tr>\n
There were 3 other index-included issues trading in excess of 10,000 shares.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\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
MFC.PR.C<\/td>\nInsurance Straight<\/td>\nQuote: 19.85 – 21.80
\nSpot Rate : 1.9500
\nAverage : 1.3746<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-05-10
\nMaturity Price : 19.85
\nEvaluated at bid price : 19.85
\nBid-YTW : 5.76 %<\/td>\n<\/tr>\n

TD.PF.D<\/td>\nFixedReset Disc<\/td>\nQuote: 20.97 – 22.80
\nSpot Rate : 1.8300
\nAverage : 1.2798<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-05-10
\nMaturity Price : 20.97
\nEvaluated at bid price : 20.97
\nBid-YTW : 6.17 %<\/td>\n<\/tr>\n

CU.PR.G<\/td>\nPerpetual-Discount<\/td>\nQuote: 19.35 – 20.99
\nSpot Rate : 1.6400
\nAverage : 1.1190<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-05-10
\nMaturity Price : 19.35
\nEvaluated at bid price : 19.35
\nBid-YTW : 5.83 %<\/td>\n<\/tr>\n

NA.PR.S<\/td>\nFixedReset Disc<\/td>\nQuote: 21.00 – 23.00
\nSpot Rate : 2.0000
\nAverage : 1.5427<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-05-10
\nMaturity Price : 21.00
\nEvaluated at bid price : 21.00
\nBid-YTW : 6.12 %<\/td>\n<\/tr>\n

BAM.PR.C<\/td>\nFloater<\/td>\nQuote: 13.05 – 14.00
\nSpot Rate : 0.9500
\nAverage : 0.6054<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-05-10
\nMaturity Price : 13.05
\nEvaluated at bid price : 13.05
\nBid-YTW : 4.33 %<\/td>\n<\/tr>\n

MFC.PR.N<\/td>\nFixedReset Ins Non<\/td>\nQuote: 19.85 – 21.25
\nSpot Rate : 1.4000
\nAverage : 1.0888<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-05-10
\nMaturity Price : 19.85
\nEvaluated at bid price : 19.85
\nBid-YTW : 6.26 %<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

The New York Fed released its Household Debt and Credit Report today: The Quarterly Report on Household Debt and Credit for the first quarter of 2022 shows a solid increase in total household debt of …<\/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-43408","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/43408","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=43408"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/43408\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=43408"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=43408"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=43408"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}