{"id":43802,"date":"2022-07-13T20:31:16","date_gmt":"2022-07-14T01:31:16","guid":{"rendered":"https:\/\/prefblog.com\/?p=43802"},"modified":"2022-07-13T20:31:16","modified_gmt":"2022-07-14T01:31:16","slug":"july-13-2022","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=43802","title":{"rendered":"July 13, 2022"},"content":{"rendered":"<p>How &#8217;bout that <a href=\"https:\/\/www.nytimes.com\/live\/2022\/07\/12\/business\/cpi-report-inflation#june-inflation-cpi\">US inflation number<\/a>, eh?<\/p>\n<blockquote><p>The Consumer Price Index rose 9.1 percent from a year ago, a 40-year high that defied expectations of moderating price pressures. Food, rent and gasoline were among the categories that recorded the biggest increases, further squeezing Americans\u2019 budgets.<br \/>\n<b>&#8230;<\/b><br \/>\nThe report contained unwelcome news beyond the headline number. A core inflation index that strips out food and fuel prices \u2014 giving a sense of underlying inflation trends \u2014 remains high and came in faster than economists expected. The core index climbed 5.9 percent the year through June, barely a slowdown from 6 percent in the previous report. The core measure actually climbed 0.7 percent from May to June, more than the previous monthly increase and bad news for central bankers.<\/p><\/blockquote>\n<p>Underlying inflation, as estimated by the New York Fed, <a href=\"https:\/\/www.newyorkfed.org\/research\/policy\/underlying-inflation-gauge\">a little less severe<\/a>:<\/p>\n<blockquote>\n<ul>\n<li>The UIG &#8220;full data set&#8221; measure for June is currently estimated at 4.8%, a 0.1 percentage point decrease from the current estimate of the previous month.<\/li>\n<li>The &#8220;prices-only&#8221; measure for June is currently estimated at 6.0%, a 0.1 percentage point increase from the current estimate for the previous month.<\/li>\n<li>The twelve-month change in the June CPI was +9.1%, a 0.5 percentage point increase from the previous month.\n<ul>\n<li>-For June 2022, trend CPI inflation is estimated to be in the 4.8% to 6.0% range, a slightly wider range than May, with its lower bound 0.1 percentage point lower and its upper bound 0.1 percentage point higher.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/blockquote>\n<p>The day was enlivened by a &#8216;shock and awe&#8217; <a href=\"https:\/\/prefblog.com\/?p=43808\">BoC policy rate hike of 100bp<\/a>, which didn&#8217;t affect the market so much as 75bp has been considered a certainty for some time. The preferred share market decided it was shocked by the news, but got used to it as the day wore on:<\/p>\n<div align=\"center\"><a href=\"https:\/\/prefblog.com\/wp-content\/uploads\/2022\/07\/TXPR_220713.jpg\"><img decoding=\"async\" src=\"https:\/\/prefblog.com\/wp-content\/uploads\/2022\/07\/TXPR_220713.jpg\" width=\"400\"><\/a><\/div>\n<p>The net result was a loss of 33bp on the day.<\/p>\n<p>PerpetualDiscounts now yield 6.09%, equivalent to 7.92% interest at the standard equivalency factor of 1.3x. <a href=\"https:\/\/www.bmo.com\/gam\/ca\/advisor\/products\/etfs?fundUrl=\/fundProfile\/ZLC#fundUrl=%2FfundProfile%2FZLC\">Long corporates<\/a> now yield 5.23%, so the pre-tax interest-equivalent spread (in this context, the \u201cSeniority Spread\u201d) remains at 270bp, the same as reported  <a href=\"https:\/\/prefblog.com\/?p=43764\">July 6<\/a>.<\/p>\n<table border=\"1\">\n<tbody>\n<tr>\n<td colspan=\"8\"><strong>HIMIPref\u2122 Preferred Indices<br \/>\nThese values reflect the December 2008 revision of the HIMIPref\u2122 Indices<\/strong><br \/>\nValues are provisional and are finalized monthly<\/td>\n<\/tr>\n<tr>\n<td>Index<\/td>\n<td>Mean<br \/>\nCurrent<br \/>\nYield<br \/>\n(at bid)<\/td>\n<td>Median<br \/>\nYTW<\/td>\n<td>Median<br \/>\nAverage<br \/>\nTrading<br \/>\nValue<\/td>\n<td>Median<br \/>\nMod Dur<br \/>\n(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>-0.9021 %<\/td>\n<td>2,461.9<\/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>-0.9021 %<\/td>\n<td>4,721.9<\/td>\n<\/tr>\n<tr>\n<td>Floater<\/td>\n<td>5.05 %<\/td>\n<td>5.09 %<\/td>\n<td>40,009<\/td>\n<td>15.36<\/td>\n<td>3<\/td>\n<td>-0.9021 %<\/td>\n<td>2,721.2<\/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>-0.5009 %<\/td>\n<td>3,480.8<\/td>\n<\/tr>\n<tr>\n<td>SplitShare<\/td>\n<td>4.89 %<\/td>\n<td>5.25 %<\/td>\n<td>44,400<\/td>\n<td>3.16<\/td>\n<td>8<\/td>\n<td>-0.5009 %<\/td>\n<td>4,156.9<\/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>-0.5009 %<\/td>\n<td>3,243.4<\/td>\n<\/tr>\n<tr>\n<td>Perpetual-Premium<\/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>-0.0425 %<\/td>\n<td>2,842.7<\/td>\n<\/tr>\n<tr>\n<td>Perpetual-Discount<\/td>\n<td>6.00 %<\/td>\n<td>6.09 %<\/td>\n<td>67,169<\/td>\n<td>13.80<\/td>\n<td>34<\/td>\n<td>-0.0425 %<\/td>\n<td>3,099.8<\/td>\n<\/tr>\n<tr>\n<td>FixedReset Disc<\/td>\n<td>4.79 %<\/td>\n<td>6.46 %<\/td>\n<td>114,914<\/td>\n<td>13.52<\/td>\n<td>56<\/td>\n<td>0.1876 %<\/td>\n<td>2,457.4<\/td>\n<\/tr>\n<tr>\n<td>Insurance Straight<\/td>\n<td>5.98 %<\/td>\n<td>6.05 %<\/td>\n<td>88,032<\/td>\n<td>13.85<\/td>\n<td>18<\/td>\n<td>0.0000 %<\/td>\n<td>3,010.3<\/td>\n<\/tr>\n<tr>\n<td>FloatingReset<\/td>\n<td>6.19 %<\/td>\n<td>6.48 %<\/td>\n<td>43,218<\/td>\n<td>13.23<\/td>\n<td>2<\/td>\n<td>0.1902 %<\/td>\n<td>2,564.8<\/td>\n<\/tr>\n<tr>\n<td>FixedReset Prem<\/td>\n<td>5.01 %<\/td>\n<td>4.89 %<\/td>\n<td>131,200<\/td>\n<td>1.94<\/td>\n<td>10<\/td>\n<td>0.1429 %<\/td>\n<td>2,600.9<\/td>\n<\/tr>\n<tr>\n<td>FixedReset Bank Non<\/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>0.1876 %<\/td>\n<td>2,512.0<\/td>\n<\/tr>\n<tr>\n<td>FixedReset Ins Non<\/td>\n<td>4.78 %<\/td>\n<td>6.81 %<\/td>\n<td>56,898<\/td>\n<td>13.25<\/td>\n<td>14<\/td>\n<td>0.3881 %<\/td>\n<td>2,550.9<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<table border=\"1\">\n<tbody>\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>FTS.PR.G<\/td>\n<td>FixedReset Disc<\/td>\n<td>-11.92 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-07-13<br \/>\nMaturity Price  : 17.00<br \/>\nEvaluated at bid price : 17.00<br \/>\nBid-YTW : 7.92 %<\/td>\n<\/tr>\n<tr>\n<td>PVS.PR.J<\/td>\n<td>SplitShare<\/td>\n<td>-1.89 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Hard Maturity<br \/>\nMaturity Date\t: 2028-02-29<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 23.35<br \/>\nBid-YTW : 5.92 %<\/td>\n<\/tr>\n<tr>\n<td>PVS.PR.K<\/td>\n<td>SplitShare<\/td>\n<td>-1.69 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Hard Maturity<br \/>\nMaturity Date\t: 2029-05-31<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 23.20<br \/>\nBid-YTW : 5.85 %<\/td>\n<\/tr>\n<tr>\n<td>CU.PR.C<\/td>\n<td>FixedReset Disc<\/td>\n<td>-1.49 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-07-13<br \/>\nMaturity Price  : 20.44<br \/>\nEvaluated at bid price : 20.44<br \/>\nBid-YTW : 6.84 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PR.C<\/td>\n<td>Floater<\/td>\n<td>-1.31 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-07-13<br \/>\nMaturity Price  : 12.82<br \/>\nEvaluated at bid price : 12.82<br \/>\nBid-YTW : 5.09 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PR.K<\/td>\n<td>Floater<\/td>\n<td>-1.15 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-07-13<br \/>\nMaturity Price  : 12.85<br \/>\nEvaluated at bid price : 12.85<br \/>\nBid-YTW : 5.08 %<\/td>\n<\/tr>\n<tr>\n<td>GWO.PR.P<\/td>\n<td>Insurance Straight<\/td>\n<td>-1.12 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-07-13<br \/>\nMaturity Price  : 21.86<br \/>\nEvaluated at bid price : 22.10<br \/>\nBid-YTW : 6.16 %<\/td>\n<\/tr>\n<tr>\n<td>IFC.PR.A<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>-1.10 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-07-13<br \/>\nMaturity Price  : 18.06<br \/>\nEvaluated at bid price : 18.06<br \/>\nBid-YTW : 6.84 %<\/td>\n<\/tr>\n<tr>\n<td>CU.PR.G<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-1.05 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-07-13<br \/>\nMaturity Price  : 18.85<br \/>\nEvaluated at bid price : 18.85<br \/>\nBid-YTW : 6.06 %<\/td>\n<\/tr>\n<tr>\n<td>IFC.PR.K<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-1.01 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-07-13<br \/>\nMaturity Price  : 21.33<br \/>\nEvaluated at bid price : 21.63<br \/>\nBid-YTW : 6.11 %<\/td>\n<\/tr>\n<tr>\n<td>BIP.PR.E<\/td>\n<td>FixedReset Disc<\/td>\n<td>1.05 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-07-13<br \/>\nMaturity Price  : 23.35<br \/>\nEvaluated at bid price : 24.00<br \/>\nBid-YTW : 6.46 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PR.T<\/td>\n<td>FixedReset Disc<\/td>\n<td>1.10 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-07-13<br \/>\nMaturity Price  : 16.53<br \/>\nEvaluated at bid price : 16.53<br \/>\nBid-YTW : 7.61 %<\/td>\n<\/tr>\n<tr>\n<td>TRP.PR.B<\/td>\n<td>FixedReset Disc<\/td>\n<td>1.23 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-07-13<br \/>\nMaturity Price  : 12.36<br \/>\nEvaluated at bid price : 12.36<br \/>\nBid-YTW : 8.00 %<\/td>\n<\/tr>\n<tr>\n<td>CU.PR.J<\/td>\n<td>Perpetual-Discount<\/td>\n<td>1.26 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-07-13<br \/>\nMaturity Price  : 20.06<br \/>\nEvaluated at bid price : 20.06<br \/>\nBid-YTW : 6.01 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PR.R<\/td>\n<td>FixedReset Disc<\/td>\n<td>1.30 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-07-13<br \/>\nMaturity Price  : 16.36<br \/>\nEvaluated at bid price : 16.36<br \/>\nBid-YTW : 7.59 %<\/td>\n<\/tr>\n<tr>\n<td>MFC.PR.N<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>1.37 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-07-13<br \/>\nMaturity Price  : 18.46<br \/>\nEvaluated at bid price : 18.46<br \/>\nBid-YTW : 7.13 %<\/td>\n<\/tr>\n<tr>\n<td>MFC.PR.L<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>1.44 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-07-13<br \/>\nMaturity Price  : 18.37<br \/>\nEvaluated at bid price : 18.37<br \/>\nBid-YTW : 7.15 %<\/td>\n<\/tr>\n<tr>\n<td>RY.PR.M<\/td>\n<td>FixedReset Disc<\/td>\n<td>1.64 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-07-13<br \/>\nMaturity Price  : 21.10<br \/>\nEvaluated at bid price : 21.10<br \/>\nBid-YTW : 6.31 %<\/td>\n<\/tr>\n<tr>\n<td>TD.PF.J<\/td>\n<td>FixedReset Disc<\/td>\n<td>1.72 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-07-13<br \/>\nMaturity Price  : 23.02<br \/>\nEvaluated at bid price : 23.65<br \/>\nBid-YTW : 6.21 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PF.F<\/td>\n<td>FixedReset Disc<\/td>\n<td>1.80 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-07-13<br \/>\nMaturity Price  : 19.80<br \/>\nEvaluated at bid price : 19.80<br \/>\nBid-YTW : 7.38 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PF.J<\/td>\n<td>FixedReset Disc<\/td>\n<td>2.13 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-07-13<br \/>\nMaturity Price  : 23.80<br \/>\nEvaluated at bid price : 24.51<br \/>\nBid-YTW : 6.43 %<\/td>\n<\/tr>\n<tr>\n<td>MFC.PR.M<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>2.32 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-07-13<br \/>\nMaturity Price  : 19.00<br \/>\nEvaluated at bid price : 19.00<br \/>\nBid-YTW : 7.06 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PR.X<\/td>\n<td>FixedReset Disc<\/td>\n<td>2.66 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-07-13<br \/>\nMaturity Price  : 18.17<br \/>\nEvaluated at bid price : 18.17<br \/>\nBid-YTW : 6.81 %<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<table border=\"1\">\n<tbody>\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 \/>\nTraded<\/td>\n<td>Notes<\/td>\n<\/tr>\n<tr>\n<td>BAM.PR.X<\/td>\n<td>FixedReset Disc<\/td>\n<td>114,516<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-07-13<br \/>\nMaturity Price  : 18.17<br \/>\nEvaluated at bid price : 18.17<br \/>\nBid-YTW : 6.81 %<\/td>\n<\/tr>\n<tr>\n<td>PWF.PR.T<\/td>\n<td>FixedReset Disc<\/td>\n<td>73,556<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-07-13<br \/>\nMaturity Price  : 18.79<br \/>\nEvaluated at bid price : 18.79<br \/>\nBid-YTW : 7.30 %<\/td>\n<\/tr>\n<tr>\n<td>CM.PR.T<\/td>\n<td>FixedReset Prem<\/td>\n<td>63,200<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Call<br \/>\nMaturity Date\t: 2024-04-30<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 25.02<br \/>\nBid-YTW : 5.05 %<\/td>\n<\/tr>\n<tr>\n<td>NA.PR.C<\/td>\n<td>FixedReset Prem<\/td>\n<td>56,500<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Call<br \/>\nMaturity Date\t: 2022-11-15<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 24.77<br \/>\nBid-YTW : 6.05 %<\/td>\n<\/tr>\n<tr>\n<td>TD.PF.D<\/td>\n<td>FixedReset Disc<\/td>\n<td>37,500<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-07-13<br \/>\nMaturity Price  : 21.36<br \/>\nEvaluated at bid price : 21.36<br \/>\nBid-YTW : 6.44 %<\/td>\n<\/tr>\n<tr>\n<td>PWF.PR.K<\/td>\n<td>Perpetual-Discount<\/td>\n<td>36,300<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-07-13<br \/>\nMaturity Price  : 20.31<br \/>\nEvaluated at bid price : 20.31<br \/>\nBid-YTW : 6.12 %<\/td>\n<\/tr>\n<tr>\n<td colspan=\"4\">There were 12 other index-included issues trading in excess of 10,000 shares.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<table border=\"1\">\n<tbody>\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>FTS.PR.G<\/td>\n<td>FixedReset Disc<\/td>\n<td>Quote: 17.00 &#8211; 19.52<br \/>\nSpot Rate  :  2.5200<br \/>\nAverage  :  1.4231<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-07-13<br \/>\nMaturity Price  : 17.00<br \/>\nEvaluated at bid price : 17.00<br \/>\nBid-YTW : 7.92 %<\/td>\n<\/tr>\n<tr>\n<td>CCS.PR.C<\/td>\n<td>Insurance Straight<\/td>\n<td>Quote: 21.10 &#8211; 23.95<br \/>\nSpot Rate  :  2.8500<br \/>\nAverage  :  1.7600<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-07-13<br \/>\nMaturity Price  : 21.10<br \/>\nEvaluated at bid price : 21.10<br \/>\nBid-YTW : 5.98 %<\/td>\n<\/tr>\n<tr>\n<td>MIC.PR.A<\/td>\n<td>Perpetual-Discount<\/td>\n<td>Quote: 20.71 &#8211; 22.53<br \/>\nSpot Rate  :  1.8200<br \/>\nAverage  :  1.3985<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-07-13<br \/>\nMaturity Price  : 20.71<br \/>\nEvaluated at bid price : 20.71<br \/>\nBid-YTW : 6.59 %<\/td>\n<\/tr>\n<tr>\n<td>CU.PR.J<\/td>\n<td>Perpetual-Discount<\/td>\n<td>Quote: 20.06 &#8211; 21.99<br \/>\nSpot Rate  :  1.9300<br \/>\nAverage  :  1.5929<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-07-13<br \/>\nMaturity Price  : 20.06<br \/>\nEvaluated at bid price : 20.06<br \/>\nBid-YTW : 6.01 %<\/td>\n<\/tr>\n<tr>\n<td>BAM.PR.K<\/td>\n<td>Floater<\/td>\n<td>Quote: 12.85 &#8211; 14.00<br \/>\nSpot Rate  :  1.1500<br \/>\nAverage  :  0.9418<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-07-13<br \/>\nMaturity Price  : 12.85<br \/>\nEvaluated at bid price : 12.85<br \/>\nBid-YTW : 5.08 %<\/td>\n<\/tr>\n<tr>\n<td>IFC.PR.A<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>Quote: 18.06 &#8211; 18.89<br \/>\nSpot Rate  :  0.8300<br \/>\nAverage  :  0.6254<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2052-07-13<br \/>\nMaturity Price  : 18.06<br \/>\nEvaluated at bid price : 18.06<br \/>\nBid-YTW : 6.84 %<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>How &#8217;bout that US inflation number, eh? The Consumer Price Index rose 9.1 percent from a year ago, a 40-year high that defied expectations of moderating price pressures. Food, rent and gasoline were among the &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-43802","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/43802","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=43802"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/43802\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=43802"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=43802"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=43802"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}