{"id":44079,"date":"2022-08-29T19:34:49","date_gmt":"2022-08-30T00:34:49","guid":{"rendered":"https:\/\/prefblog.com\/?p=44079"},"modified":"2022-08-29T19:34:49","modified_gmt":"2022-08-30T00:34:49","slug":"august-29-2022","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=44079","title":{"rendered":"August 29, 2022"},"content":{"rendered":"

More central bank huffing and puffing<\/a>:<\/p>\n

Central banks around the world risk losing public trust and must now act forcefully to combat inflation, even if that drags their economies into a recession, European Central Bank board member Isabel Schnabel said on Saturday.<\/p>\n

Inflation is close to double-digit territory in many of the world\u2019s top economies and any decline is likely to be slow, keeping prices above central bank targets for years to come.<\/p>\n

\u201cEven if we enter a recession, we have little choice but to continue the normalization path,\u201d Ms. Schnabel told the U.S. Federal Reserve\u2019s Jackson Hole Economic Symposium. \u201cIf there was a de-anchoring of inflation expectations, the effect on the economy would be even worse.\u201d<\/p>\n

She also cautioned central banks against pausing on the first sign of a potential turn in inflationary pressures. Policy-makers should instead signal their \u201cstrong determination\u201d to bring inflation back to target quickly, she said.<\/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>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.1533 %<\/td>\n2,504.5<\/td>\n<\/tr>\n
FixedFloater<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.1533 %<\/td>\n4,803.6<\/td>\n<\/tr>\n
Floater<\/td>\n6.31 %<\/td>\n6.42 %<\/td>\n56,004<\/td>\n13.21<\/td>\n2<\/td>\n-0.1533 %<\/td>\n2,768.3<\/td>\n<\/tr>\n
OpRet<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.0670 %<\/td>\n3,472.3<\/td>\n<\/tr>\n
SplitShare<\/td>\n4.90 %<\/td>\n5.38 %<\/td>\n37,902<\/td>\n3.02<\/td>\n8<\/td>\n0.0670 %<\/td>\n4,146.6<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.0670 %<\/td>\n3,235.4<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.1553 %<\/td>\n2,837.8<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n6.00 %<\/td>\n6.16 %<\/td>\n67,868<\/td>\n13.62<\/td>\n35<\/td>\n0.1553 %<\/td>\n3,094.5<\/td>\n<\/tr>\n
FixedReset Disc<\/td>\n4.69 %<\/td>\n6.33 %<\/td>\n97,641<\/td>\n13.45<\/td>\n58<\/td>\n0.3760 %<\/td>\n2,524.9<\/td>\n<\/tr>\n
Insurance Straight<\/td>\n5.99 %<\/td>\n6.10 %<\/td>\n80,991<\/td>\n13.68<\/td>\n19<\/td>\n-0.0989 %<\/td>\n3,005.7<\/td>\n<\/tr>\n
FloatingReset<\/td>\n7.58 %<\/td>\n7.85 %<\/td>\n38,692<\/td>\n11.44<\/td>\n2<\/td>\n0.0309 %<\/td>\n2,626.5<\/td>\n<\/tr>\n
FixedReset Prem<\/td>\n5.07 %<\/td>\n4.45 %<\/td>\n105,145<\/td>\n1.82<\/td>\n6<\/td>\n-0.0784 %<\/td>\n2,610.8<\/td>\n<\/tr>\n
FixedReset Bank Non<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.3760 %<\/td>\n2,581.0<\/td>\n<\/tr>\n
FixedReset Ins Non<\/td>\n4.72 %<\/td>\n6.69 %<\/td>\n57,763<\/td>\n13.26<\/td>\n14<\/td>\n0.4390 %<\/td>\n2,581.4<\/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
Performance Highlights<\/strong><\/td>\n<\/tr>\n
Issue<\/td>\nIndex<\/td>\nChange<\/td>\nNotes<\/td>\n<\/tr>\n
CU.PR.E<\/td>\nPerpetual-Discount<\/td>\n-2.11 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-08-29
\nMaturity Price : 20.90
\nEvaluated at bid price : 20.90
\nBid-YTW : 5.90 %<\/td>\n<\/tr>\n
NA.PR.W<\/td>\nFixedReset Disc<\/td>\n-2.07 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-08-29
\nMaturity Price : 20.81
\nEvaluated at bid price : 20.81
\nBid-YTW : 6.40 %<\/td>\n<\/tr>\n
FTS.PR.H<\/td>\nFixedReset Disc<\/td>\n-2.07 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-08-29
\nMaturity Price : 14.20
\nEvaluated at bid price : 14.20
\nBid-YTW : 7.44 %<\/td>\n<\/tr>\n
CM.PR.O<\/td>\nFixedReset Disc<\/td>\n-1.61 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-08-29
\nMaturity Price : 21.40
\nEvaluated at bid price : 21.40
\nBid-YTW : 6.33 %<\/td>\n<\/tr>\n
RY.PR.S<\/td>\nFixedReset Disc<\/td>\n-1.36 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-08-29
\nMaturity Price : 23.45
\nEvaluated at bid price : 23.87
\nBid-YTW : 5.89 %<\/td>\n<\/tr>\n
GWO.PR.Y<\/td>\nInsurance Straight<\/td>\n-1.09 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-08-29
\nMaturity Price : 19.04
\nEvaluated at bid price : 19.04
\nBid-YTW : 6.02 %<\/td>\n<\/tr>\n
PWF.PF.A<\/td>\nPerpetual-Discount<\/td>\n-1.05 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-08-29
\nMaturity Price : 18.80
\nEvaluated at bid price : 18.80
\nBid-YTW : 6.06 %<\/td>\n<\/tr>\n
IFC.PR.F<\/td>\nInsurance Straight<\/td>\n-1.03 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-08-29
\nMaturity Price : 21.69
\nEvaluated at bid price : 22.02
\nBid-YTW : 6.12 %<\/td>\n<\/tr>\n
NA.PR.E<\/td>\nFixedReset Disc<\/td>\n1.02 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-08-29
\nMaturity Price : 23.20
\nEvaluated at bid price : 23.86
\nBid-YTW : 6.13 %<\/td>\n<\/tr>\n
TRP.PR.C<\/td>\nFixedReset Disc<\/td>\n1.04 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-08-29
\nMaturity Price : 13.65
\nEvaluated at bid price : 13.65
\nBid-YTW : 7.68 %<\/td>\n<\/tr>\n
PWF.PR.O<\/td>\nPerpetual-Discount<\/td>\n1.04 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-08-29
\nMaturity Price : 23.09
\nEvaluated at bid price : 23.35
\nBid-YTW : 6.28 %<\/td>\n<\/tr>\n
CU.PR.H<\/td>\nPerpetual-Discount<\/td>\n1.10 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-08-29
\nMaturity Price : 22.00
\nEvaluated at bid price : 22.00
\nBid-YTW : 6.01 %<\/td>\n<\/tr>\n
MFC.PR.K<\/td>\nFixedReset Ins Non<\/td>\n1.17 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-08-29
\nMaturity Price : 20.74
\nEvaluated at bid price : 20.74
\nBid-YTW : 6.59 %<\/td>\n<\/tr>\n
PWF.PR.P<\/td>\nFixedReset Disc<\/td>\n1.20 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-08-29
\nMaturity Price : 14.33
\nEvaluated at bid price : 14.33
\nBid-YTW : 7.44 %<\/td>\n<\/tr>\n
SLF.PR.H<\/td>\nFixedReset Ins Non<\/td>\n1.29 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-08-29
\nMaturity Price : 17.32
\nEvaluated at bid price : 17.32
\nBid-YTW : 6.95 %<\/td>\n<\/tr>\n
TD.PF.E<\/td>\nFixedReset Disc<\/td>\n1.37 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-08-29
\nMaturity Price : 21.92
\nEvaluated at bid price : 22.25
\nBid-YTW : 6.33 %<\/td>\n<\/tr>\n
BIP.PR.A<\/td>\nFixedReset Disc<\/td>\n1.47 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-08-29
\nMaturity Price : 20.75
\nEvaluated at bid price : 20.75
\nBid-YTW : 7.70 %<\/td>\n<\/tr>\n
IFC.PR.E<\/td>\nInsurance Straight<\/td>\n1.58 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-08-29
\nMaturity Price : 22.19
\nEvaluated at bid price : 22.50
\nBid-YTW : 5.87 %<\/td>\n<\/tr>\n
TRP.PR.G<\/td>\nFixedReset Disc<\/td>\n1.77 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-08-29
\nMaturity Price : 20.10
\nEvaluated at bid price : 20.10
\nBid-YTW : 7.01 %<\/td>\n<\/tr>\n
BAM.PR.X<\/td>\nFixedReset Disc<\/td>\n1.81 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-08-29
\nMaturity Price : 18.02
\nEvaluated at bid price : 18.02
\nBid-YTW : 6.99 %<\/td>\n<\/tr>\n
BAM.PF.I<\/td>\nFixedReset Disc<\/td>\n1.92 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2027-03-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.50
\nBid-YTW : 5.15 %<\/td>\n<\/tr>\n
MFC.PR.M<\/td>\nFixedReset Ins Non<\/td>\n2.21 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-08-29
\nMaturity Price : 19.45
\nEvaluated at bid price : 19.45
\nBid-YTW : 6.94 %<\/td>\n<\/tr>\n
MIC.PR.A<\/td>\nPerpetual-Discount<\/td>\n3.57 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-08-29
\nMaturity Price : 21.45
\nEvaluated at bid price : 21.45
\nBid-YTW : 6.42 %<\/td>\n<\/tr>\n
BAM.PR.Z<\/td>\nFixedReset Disc<\/td>\n3.64 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-08-29
\nMaturity Price : 22.15
\nEvaluated at bid price : 22.80
\nBid-YTW : 6.90 %<\/td>\n<\/tr>\n
BAM.PF.G<\/td>\nFixedReset Disc<\/td>\n3.93 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-08-29
\nMaturity Price : 18.50
\nEvaluated at bid price : 18.50
\nBid-YTW : 7.64 %<\/td>\n<\/tr>\n
NA.PR.S<\/td>\nFixedReset Disc<\/td>\n4.50 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-08-29
\nMaturity Price : 20.90
\nEvaluated at bid price : 20.90
\nBid-YTW : 6.66 %<\/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
TRP.PR.A<\/td>\nFixedReset Disc<\/td>\n77,100<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-08-29
\nMaturity Price : 16.25
\nEvaluated at bid price : 16.25
\nBid-YTW : 7.68 %<\/td>\n<\/tr>\n
BAM.PR.K<\/td>\nFloater<\/td>\n51,772<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-08-29
\nMaturity Price : 13.05
\nEvaluated at bid price : 13.05
\nBid-YTW : 6.42 %<\/td>\n<\/tr>\n
PWF.PR.H<\/td>\nPerpetual-Discount<\/td>\n43,307<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-08-29
\nMaturity Price : 22.97
\nEvaluated at bid price : 23.24
\nBid-YTW : 6.26 %<\/td>\n<\/tr>\n
MFC.PR.I<\/td>\nFixedReset Ins Non<\/td>\n36,000<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-08-29
\nMaturity Price : 23.27
\nEvaluated at bid price : 24.40
\nBid-YTW : 6.27 %<\/td>\n<\/tr>\n
NA.PR.W<\/td>\nFixedReset Disc<\/td>\n27,500<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-08-29
\nMaturity Price : 20.81
\nEvaluated at bid price : 20.81
\nBid-YTW : 6.40 %<\/td>\n<\/tr>\n
SLF.PR.D<\/td>\nInsurance Straight<\/td>\n17,508<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-08-29
\nMaturity Price : 18.96
\nEvaluated at bid price : 18.96
\nBid-YTW : 5.87 %<\/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
CU.PR.F<\/td>\nPerpetual-Discount<\/td>\nQuote: 19.30 – 24.43
\nSpot Rate : 5.1300
\nAverage : 4.7998<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-08-29
\nMaturity Price : 19.30
\nEvaluated at bid price : 19.30
\nBid-YTW : 5.87 %<\/td>\n<\/tr>\n

TRP.PR.F<\/td>\nFloatingReset<\/td>\nQuote: 16.80 – 17.60
\nSpot Rate : 0.8000
\nAverage : 0.5454<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-08-29
\nMaturity Price : 16.80
\nEvaluated at bid price : 16.80
\nBid-YTW : 7.85 %<\/td>\n<\/tr>\n

IFC.PR.G<\/td>\nFixedReset Ins Non<\/td>\nQuote: 22.00 – 23.00
\nSpot Rate : 1.0000
\nAverage : 0.7619<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-08-29
\nMaturity Price : 21.61
\nEvaluated at bid price : 22.00
\nBid-YTW : 6.69 %<\/td>\n<\/tr>\n

SLF.PR.C<\/td>\nInsurance Straight<\/td>\nQuote: 18.95 – 19.74
\nSpot Rate : 0.7900
\nAverage : 0.5716<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-08-29
\nMaturity Price : 18.95
\nEvaluated at bid price : 18.95
\nBid-YTW : 5.88 %<\/td>\n<\/tr>\n

NA.PR.W<\/td>\nFixedReset Disc<\/td>\nQuote: 20.81 – 21.50
\nSpot Rate : 0.6900
\nAverage : 0.4900<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-08-29
\nMaturity Price : 20.81
\nEvaluated at bid price : 20.81
\nBid-YTW : 6.40 %<\/td>\n<\/tr>\n

RY.PR.S<\/td>\nFixedReset Disc<\/td>\nQuote: 23.87 – 24.45
\nSpot Rate : 0.5800
\nAverage : 0.3848<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-08-29
\nMaturity Price : 23.45
\nEvaluated at bid price : 23.87
\nBid-YTW : 5.89 %<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

More central bank huffing and puffing: Central banks around the world risk losing public trust and must now act forcefully to combat inflation, even if that drags their economies into a recession, European Central Bank …<\/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-44079","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/44079","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=44079"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/44079\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=44079"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=44079"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=44079"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}