{"id":44576,"date":"2022-12-23T20:57:13","date_gmt":"2022-12-24T01:57:13","guid":{"rendered":"https:\/\/prefblog.com\/?p=44576"},"modified":"2022-12-23T20:57:13","modified_gmt":"2022-12-24T01:57:13","slug":"december-23-2022","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=44576","title":{"rendered":"December 23, 2022"},"content":{"rendered":"

Yields popped up again<\/a>:<\/p>\n

U.S. Treasury yields rose on Friday after data showed that personal income rose more than expected in November while inflation data for October was revised upward, supporting the view that the Federal Reserve will continue to hike rates as it battles stubbornly high price pressures.<\/p>\n

Personal income rose by 0.4% in the month, beating economists\u2019 expectations for a 0.3% gain.<\/p>\n

The personal consumption expenditures (PCE) price index rose 0.1% last month and its October gain was revised upward to 0.4%, from 0.3%. In the 12 months through November, the PCE price index increased 5.5% after advancing 6.1% in October.<\/p>\n

Consumer spending, which accounts for more than two-thirds of U.S. economic activity, also edged up 0.1% in November, while data for October was revised upward to show spending surging 0.9% instead of 0.8% as previously reported.
\n…<\/b>
\nOther data on Friday showed that U.S. consumers expect price pressures to moderate notably in the next year, with a benchmark survey on Friday showing their one-year inflation outlook dropping to the lowest in 18 months in December.<\/p>\n

Benchmark 10-year yields rose 9 basis points to 3.749%, and two-year yields gained 7 basis points to 4.330%.<\/p><\/blockquote>\n

Merry Christmas, everybody!<\/p>\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>\n0.0000 %<\/td>\n2,402.6<\/td>\n<\/tr>\n
FixedFloater<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.0000 %<\/td>\n4,608.2<\/td>\n<\/tr>\n
Floater<\/td>\n9.03 %<\/td>\n9.10 %<\/td>\n51,459<\/td>\n10.32<\/td>\n2<\/td>\n0.0000 %<\/td>\n2,655.7<\/td>\n<\/tr>\n
OpRet<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.1931 %<\/td>\n3,233.6<\/td>\n<\/tr>\n
SplitShare<\/td>\n5.26 %<\/td>\n7.75 %<\/td>\n63,119<\/td>\n2.72<\/td>\n8<\/td>\n-0.1931 %<\/td>\n3,861.6<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.1931 %<\/td>\n3,013.0<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.1957 %<\/td>\n2,647.3<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n6.44 %<\/td>\n6.57 %<\/td>\n109,787<\/td>\n13.16<\/td>\n35<\/td>\n0.1957 %<\/td>\n2,886.8<\/td>\n<\/tr>\n
FixedReset Disc<\/td>\n5.60 %<\/td>\n7.79 %<\/td>\n102,713<\/td>\n11.93<\/td>\n62<\/td>\n-0.2092 %<\/td>\n2,146.9<\/td>\n<\/tr>\n
Insurance Straight<\/td>\n6.41 %<\/td>\n6.55 %<\/td>\n121,013<\/td>\n13.16<\/td>\n20<\/td>\n-0.7183 %<\/td>\n2,801.1<\/td>\n<\/tr>\n
FloatingReset<\/td>\n10.00 %<\/td>\n9.56 %<\/td>\n37,038<\/td>\n9.92<\/td>\n2<\/td>\n0.4015 %<\/td>\n2,435.8<\/td>\n<\/tr>\n
FixedReset Prem<\/td>\n6.62 %<\/td>\n6.66 %<\/td>\n191,667<\/td>\n12.61<\/td>\n2<\/td>\n-0.0199 %<\/td>\n2,373.8<\/td>\n<\/tr>\n
FixedReset Bank Non<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.2092 %<\/td>\n2,194.5<\/td>\n<\/tr>\n
FixedReset Ins Non<\/td>\n5.60 %<\/td>\n7.97 %<\/td>\n57,419<\/td>\n11.84<\/td>\n14<\/td>\n0.2157 %<\/td>\n2,244.2<\/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
Performance Highlights<\/strong><\/td>\n<\/tr>\n
Issue<\/td>\nIndex<\/td>\nChange<\/td>\nNotes<\/td>\n<\/tr>\n
IFC.PR.F<\/td>\nInsurance Straight<\/td>\n-5.41 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-12-23
\nMaturity Price : 19.77
\nEvaluated at bid price : 19.77
\nBid-YTW : 6.75 %<\/td>\n<\/tr>\n
BN.PF.H<\/td>\nFixedReset Disc<\/td>\n-4.02 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-12-23
\nMaturity Price : 21.91
\nEvaluated at bid price : 22.22
\nBid-YTW : 7.84 %<\/td>\n<\/tr>\n
BN.PR.X<\/td>\nFixedReset Disc<\/td>\n-3.91 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-12-23
\nMaturity Price : 14.51
\nEvaluated at bid price : 14.51
\nBid-YTW : 8.55 %<\/td>\n<\/tr>\n
TRP.PR.E<\/td>\nFixedReset Disc<\/td>\n-2.61 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-12-23
\nMaturity Price : 14.90
\nEvaluated at bid price : 14.90
\nBid-YTW : 9.17 %<\/td>\n<\/tr>\n
IAF.PR.B<\/td>\nInsurance Straight<\/td>\n-2.61 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-12-23
\nMaturity Price : 18.68
\nEvaluated at bid price : 18.68
\nBid-YTW : 6.19 %<\/td>\n<\/tr>\n
TRP.PR.G<\/td>\nFixedReset Disc<\/td>\n-2.22 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-12-23
\nMaturity Price : 16.33
\nEvaluated at bid price : 16.33
\nBid-YTW : 8.61 %<\/td>\n<\/tr>\n
MFC.PR.B<\/td>\nInsurance Straight<\/td>\n-2.08 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-12-23
\nMaturity Price : 18.80
\nEvaluated at bid price : 18.80
\nBid-YTW : 6.24 %<\/td>\n<\/tr>\n
MFC.PR.C<\/td>\nInsurance Straight<\/td>\n-1.93 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-12-23
\nMaturity Price : 18.30
\nEvaluated at bid price : 18.30
\nBid-YTW : 6.20 %<\/td>\n<\/tr>\n
BN.PF.J<\/td>\nFixedReset Disc<\/td>\n-1.69 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-12-23
\nMaturity Price : 21.76
\nEvaluated at bid price : 22.17
\nBid-YTW : 7.21 %<\/td>\n<\/tr>\n
TRP.PR.D<\/td>\nFixedReset Disc<\/td>\n-1.60 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-12-23
\nMaturity Price : 15.40
\nEvaluated at bid price : 15.40
\nBid-YTW : 9.07 %<\/td>\n<\/tr>\n
BN.PF.B<\/td>\nFixedReset Disc<\/td>\n-1.51 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-12-23
\nMaturity Price : 16.30
\nEvaluated at bid price : 16.30
\nBid-YTW : 8.92 %<\/td>\n<\/tr>\n
CCS.PR.C<\/td>\nInsurance Straight<\/td>\n-1.49 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-12-23
\nMaturity Price : 19.21
\nEvaluated at bid price : 19.21
\nBid-YTW : 6.55 %<\/td>\n<\/tr>\n
TRP.PR.A<\/td>\nFixedReset Disc<\/td>\n-1.44 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-12-23
\nMaturity Price : 13.68
\nEvaluated at bid price : 13.68
\nBid-YTW : 9.08 %<\/td>\n<\/tr>\n
TRP.PR.C<\/td>\nFixedReset Disc<\/td>\n-1.38 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-12-23
\nMaturity Price : 11.44
\nEvaluated at bid price : 11.44
\nBid-YTW : 9.15 %<\/td>\n<\/tr>\n
PVS.PR.H<\/td>\nSplitShare<\/td>\n-1.14 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2027-02-28
\nMaturity Price : 25.00
\nEvaluated at bid price : 21.60
\nBid-YTW : 8.77 %<\/td>\n<\/tr>\n
FTS.PR.K<\/td>\nFixedReset Disc<\/td>\n-1.03 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-12-23
\nMaturity Price : 15.38
\nEvaluated at bid price : 15.38
\nBid-YTW : 8.59 %<\/td>\n<\/tr>\n
GWO.PR.Y<\/td>\nInsurance Straight<\/td>\n1.03 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-12-23
\nMaturity Price : 17.70
\nEvaluated at bid price : 17.70
\nBid-YTW : 6.40 %<\/td>\n<\/tr>\n
BN.PF.G<\/td>\nFixedReset Disc<\/td>\n1.05 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-12-23
\nMaturity Price : 15.40
\nEvaluated at bid price : 15.40
\nBid-YTW : 9.09 %<\/td>\n<\/tr>\n
PVS.PR.J<\/td>\nSplitShare<\/td>\n1.23 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2028-02-29
\nMaturity Price : 25.00
\nEvaluated at bid price : 20.50
\nBid-YTW : 8.91 %<\/td>\n<\/tr>\n
NA.PR.S<\/td>\nFixedReset Disc<\/td>\n1.44 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-12-23
\nMaturity Price : 17.65
\nEvaluated at bid price : 17.65
\nBid-YTW : 7.94 %<\/td>\n<\/tr>\n
SLF.PR.J<\/td>\nFloatingReset<\/td>\n1.47 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-12-23
\nMaturity Price : 15.16
\nEvaluated at bid price : 15.16
\nBid-YTW : 9.56 %<\/td>\n<\/tr>\n
POW.PR.G<\/td>\nPerpetual-Discount<\/td>\n1.52 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-12-23
\nMaturity Price : 21.35
\nEvaluated at bid price : 21.35
\nBid-YTW : 6.58 %<\/td>\n<\/tr>\n
BN.PR.R<\/td>\nFixedReset Disc<\/td>\n1.53 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-12-23
\nMaturity Price : 13.90
\nEvaluated at bid price : 13.90
\nBid-YTW : 8.97 %<\/td>\n<\/tr>\n
MFC.PR.M<\/td>\nFixedReset Ins Non<\/td>\n1.55 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-12-23
\nMaturity Price : 17.00
\nEvaluated at bid price : 17.00
\nBid-YTW : 7.99 %<\/td>\n<\/tr>\n
IFC.PR.K<\/td>\nPerpetual-Discount<\/td>\n1.69 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-12-23
\nMaturity Price : 21.05
\nEvaluated at bid price : 21.05
\nBid-YTW : 6.27 %<\/td>\n<\/tr>\n
PWF.PF.A<\/td>\nPerpetual-Discount<\/td>\n2.06 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-12-23
\nMaturity Price : 17.86
\nEvaluated at bid price : 17.86
\nBid-YTW : 6.42 %<\/td>\n<\/tr>\n
BN.PR.Z<\/td>\nFixedReset Disc<\/td>\n2.14 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-12-23
\nMaturity Price : 21.45
\nEvaluated at bid price : 21.45
\nBid-YTW : 7.31 %<\/td>\n<\/tr>\n
IFC.PR.C<\/td>\nFixedReset Disc<\/td>\n3.13 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-12-23
\nMaturity Price : 16.50
\nEvaluated at bid price : 16.50
\nBid-YTW : 8.05 %<\/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
GWO.PR.L<\/td>\nInsurance Straight<\/td>\n27,325<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-12-23
\nMaturity Price : 21.45
\nEvaluated at bid price : 21.45
\nBid-YTW : 6.63 %<\/td>\n<\/tr>\n
TRP.PR.E<\/td>\nFixedReset Disc<\/td>\n18,952<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-12-23
\nMaturity Price : 14.90
\nEvaluated at bid price : 14.90
\nBid-YTW : 9.17 %<\/td>\n<\/tr>\n
GWO.PR.Y<\/td>\nInsurance Straight<\/td>\n17,500<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-12-23
\nMaturity Price : 17.70
\nEvaluated at bid price : 17.70
\nBid-YTW : 6.40 %<\/td>\n<\/tr>\n
GWO.PR.R<\/td>\nInsurance Straight<\/td>\n16,900<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-12-23
\nMaturity Price : 18.39
\nEvaluated at bid price : 18.39
\nBid-YTW : 6.57 %<\/td>\n<\/tr>\n
IFC.PR.A<\/td>\nFixedReset Ins Non<\/td>\n16,700<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-12-23
\nMaturity Price : 16.75
\nEvaluated at bid price : 16.75
\nBid-YTW : 7.50 %<\/td>\n<\/tr>\n
CM.PR.Y<\/td>\nFixedReset Disc<\/td>\n15,000<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-12-23
\nMaturity Price : 23.83
\nEvaluated at bid price : 24.20
\nBid-YTW : 6.91 %<\/td>\n<\/tr>\n
There were 16 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
TRP.PR.G<\/td>\nFixedReset Disc<\/td>\nQuote: 16.33 – 24.62
\nSpot Rate : 8.2900
\nAverage : 4.4554<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-12-23
\nMaturity Price : 16.33
\nEvaluated at bid price : 16.33
\nBid-YTW : 8.61 %<\/td>\n<\/tr>\n

PWF.PR.G<\/td>\nPerpetual-Discount<\/td>\nQuote: 22.85 – 24.60
\nSpot Rate : 1.7500
\nAverage : 1.0414<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-12-23
\nMaturity Price : 22.60
\nEvaluated at bid price : 22.85
\nBid-YTW : 6.57 %<\/td>\n<\/tr>\n

BN.PF.H<\/td>\nFixedReset Disc<\/td>\nQuote: 22.22 – 23.75
\nSpot Rate : 1.5300
\nAverage : 0.9089<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-12-23
\nMaturity Price : 21.91
\nEvaluated at bid price : 22.22
\nBid-YTW : 7.84 %<\/td>\n<\/tr>\n

IFC.PR.F<\/td>\nInsurance Straight<\/td>\nQuote: 19.77 – 21.20
\nSpot Rate : 1.4300
\nAverage : 0.8689<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-12-23
\nMaturity Price : 19.77
\nEvaluated at bid price : 19.77
\nBid-YTW : 6.75 %<\/td>\n<\/tr>\n

BN.PF.G<\/td>\nFixedReset Disc<\/td>\nQuote: 15.40 – 16.60
\nSpot Rate : 1.2000
\nAverage : 0.7136<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-12-23
\nMaturity Price : 15.40
\nEvaluated at bid price : 15.40
\nBid-YTW : 9.09 %<\/td>\n<\/tr>\n

BN.PF.J<\/td>\nFixedReset Disc<\/td>\nQuote: 22.17 – 23.10
\nSpot Rate : 0.9300
\nAverage : 0.5697<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-12-23
\nMaturity Price : 21.76
\nEvaluated at bid price : 22.17
\nBid-YTW : 7.21 %<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Yields popped up again: U.S. Treasury yields rose on Friday after data showed that personal income rose more than expected in November while inflation data for October was revised upward, supporting the view that the …<\/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-44576","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/44576","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=44576"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/44576\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=44576"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=44576"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=44576"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}