{"id":44656,"date":"2023-01-12T20:05:39","date_gmt":"2023-01-13T01:05:39","guid":{"rendered":"https:\/\/prefblog.com\/?p=44656"},"modified":"2023-01-12T20:05:39","modified_gmt":"2023-01-13T01:05:39","slug":"january-12-2023","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=44656","title":{"rendered":"January 12, 2023"},"content":{"rendered":"

The December US inflation number<\/a> was released:<\/p>\n

Inflation continued to slow on an annual basis in December, providing welcome relief for American households and a positive development for policymakers at the Federal Reserve and White House.<\/p>\n

The Consumer Price Index climbed by 6.5 percent in the year through last month, down from 7.1 percent in the November reading, as prices declined slightly on a monthly basis. The annual inflation rate was the slowest since October 2021, a pullback that came as gas prices dropped and airfares declined.<\/p>\n

Economists and Fed officials are more acutely focused on a so-called core inflation measure, which removes food and fuel prices to get a sense of underlying price trends. That measure climbed by 5.7 percent in December from a year earlier, compared with 6.0 percent previously and in line with what forecasters had expected.
\n…<\/b>
\nServices costs could help to keep inflation higher than normal. Wage gains are rapid, and Federal Reserve officials are worried that this will prompt service providers \u2014 like hotels and day-care centers \u2014 to keep raising prices. December\u2019s report showed increases in prices including sporting event admissions and pet services.<\/p><\/blockquote>\n

But overall real wages are still in decline<\/a>:<\/p>\n

Real average hourly earnings for all employees increased 0.4 percent from November to December, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. This result stems from an increase of 0.3 percent in average hourly earnings combined with a decrease of 0.1 percent in the Consumer Price Index for All Urban Consumers (CPI-U).<\/p>\n

Real average weekly earnings increased 0.1 percent over the month due to the change in real average hourly earnings combined with a decrease of 0.3 percent in the average workweek.<\/p>\n

Real average hourly earnings decreased 1.7 percent, seasonally adjusted, from December 2021 to December 2022. The change in real average hourly earnings combined with a decrease of 1.4 percent in the average workweek resulted in a 3.1-percent decrease in real average weekly earnings over this period.<\/p><\/blockquote>\n

The Cleveland Fed reminds me that they have a Center for Inflation Research<\/a>.<\/p>\n

And the Newn York Fed published its Underlying Inflation Gauge<\/a>:<\/p>\n

\n
    \n
  • The UIG “full data set” measure for December is currently estimated at 5.4%, a 0.3 percentage point decrease from the current estimate of the previous month.<\/li>\n
  • The “prices-only” measure for December is currently estimated at 4.5%, a 0.5 percentage point decrease from the current estimate of the previous month.<\/li>\n
  • The twelve-month change in the December CPI was +6.5%, a 0.6 percentage point decrease from the previous month.\n
      \n
    • -For December 2022, trend CPI inflation is estimated to be in the 4.5% to 5.4% range, a slightly wider range than November, because of a larger decrease in its lower bound than in its upper bound.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/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>\n1.7281 %<\/td>\n2,545.8<\/td>\n<\/tr>\n
      FixedFloater<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n1.7281 %<\/td>\n4,882.8<\/td>\n<\/tr>\n
      Floater<\/td>\n8.52 %<\/td>\n8.64 %<\/td>\n65,860<\/td>\n10.74<\/td>\n2<\/td>\n1.7281 %<\/td>\n2,814.0<\/td>\n<\/tr>\n
      OpRet<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.1535 %<\/td>\n3,333.9<\/td>\n<\/tr>\n
      SplitShare<\/td>\n5.04 %<\/td>\n7.15 %<\/td>\n63,271<\/td>\n2.84<\/td>\n7<\/td>\n-0.1535 %<\/td>\n3,981.3<\/td>\n<\/tr>\n
      Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.1535 %<\/td>\n3,106.4<\/td>\n<\/tr>\n
      Perpetual-Premium<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n1.0189 %<\/td>\n2,801.2<\/td>\n<\/tr>\n
      Perpetual-Discount<\/td>\n6.08 %<\/td>\n6.13 %<\/td>\n92,907<\/td>\n13.73<\/td>\n35<\/td>\n1.0189 %<\/td>\n3,054.6<\/td>\n<\/tr>\n
      FixedReset Disc<\/td>\n5.27 %<\/td>\n7.14 %<\/td>\n97,028<\/td>\n12.49<\/td>\n62<\/td>\n0.7130 %<\/td>\n2,299.8<\/td>\n<\/tr>\n
      Insurance Straight<\/td>\n5.96 %<\/td>\n6.07 %<\/td>\n108,555<\/td>\n13.81<\/td>\n20<\/td>\n0.6165 %<\/td>\n3,011.3<\/td>\n<\/tr>\n
      FloatingReset<\/td>\n9.64 %<\/td>\n10.07 %<\/td>\n43,765<\/td>\n9.49<\/td>\n2<\/td>\n0.2861 %<\/td>\n2,560.8<\/td>\n<\/tr>\n
      FixedReset Prem<\/td>\n6.61 %<\/td>\n6.11 %<\/td>\n172,098<\/td>\n4.12<\/td>\n2<\/td>\n0.1390 %<\/td>\n2,378.1<\/td>\n<\/tr>\n
      FixedReset Bank Non<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.7130 %<\/td>\n2,350.9<\/td>\n<\/tr>\n
      FixedReset Ins Non<\/td>\n5.34 %<\/td>\n7.11 %<\/td>\n59,629<\/td>\n12.53<\/td>\n14<\/td>\n1.2490 %<\/td>\n2,418.2<\/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\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\n
      Performance Highlights<\/strong><\/td>\n<\/tr>\n
      Issue<\/td>\nIndex<\/td>\nChange<\/td>\nNotes<\/td>\n<\/tr>\n
      CU.PR.H<\/td>\nPerpetual-Discount<\/td>\n-4.55 %<\/td>\nYTW SCENARIO
      \nMaturity Type : Limit Maturity
      \nMaturity Date\t: 2053-01-12
      \nMaturity Price : 21.00
      \nEvaluated at bid price : 21.00
      \nBid-YTW : 6.35 %<\/td>\n<\/tr>\n
      BMO.PR.W<\/td>\nFixedReset Disc<\/td>\n-3.76 %<\/td>\nYTW SCENARIO
      \nMaturity Type : Limit Maturity
      \nMaturity Date\t: 2053-01-12
      \nMaturity Price : 18.41
      \nEvaluated at bid price : 18.41
      \nBid-YTW : 7.25 %<\/td>\n<\/tr>\n
      IFC.PR.A<\/td>\nFixedReset Ins Non<\/td>\n-2.85 %<\/td>\nYTW SCENARIO
      \nMaturity Type : Limit Maturity
      \nMaturity Date\t: 2053-01-12
      \nMaturity Price : 18.41
      \nEvaluated at bid price : 18.41
      \nBid-YTW : 6.75 %<\/td>\n<\/tr>\n
      GWO.PR.H<\/td>\nInsurance Straight<\/td>\n-1.81 %<\/td>\nYTW SCENARIO
      \nMaturity Type : Limit Maturity
      \nMaturity Date\t: 2053-01-12
      \nMaturity Price : 19.49
      \nEvaluated at bid price : 19.49
      \nBid-YTW : 6.29 %<\/td>\n<\/tr>\n
      PVS.PR.G<\/td>\nSplitShare<\/td>\n-1.48 %<\/td>\nYTW SCENARIO
      \nMaturity Type : Option Certainty
      \nMaturity Date\t: 2026-02-28
      \nMaturity Price : 25.00
      \nEvaluated at bid price : 23.35
      \nBid-YTW : 7.53 %<\/td>\n<\/tr>\n
      TD.PF.B<\/td>\nFixedReset Disc<\/td>\n-1.08 %<\/td>\nYTW SCENARIO
      \nMaturity Type : Limit Maturity
      \nMaturity Date\t: 2053-01-12
      \nMaturity Price : 18.30
      \nEvaluated at bid price : 18.30
      \nBid-YTW : 7.30 %<\/td>\n<\/tr>\n
      BIP.PR.A<\/td>\nFixedReset Disc<\/td>\n-1.07 %<\/td>\nYTW SCENARIO
      \nMaturity Type : Limit Maturity
      \nMaturity Date\t: 2053-01-12
      \nMaturity Price : 17.51
      \nEvaluated at bid price : 17.51
      \nBid-YTW : 9.04 %<\/td>\n<\/tr>\n
      MFC.PR.C<\/td>\nInsurance Straight<\/td>\n-1.02 %<\/td>\nYTW SCENARIO
      \nMaturity Type : Limit Maturity
      \nMaturity Date\t: 2053-01-12
      \nMaturity Price : 19.50
      \nEvaluated at bid price : 19.50
      \nBid-YTW : 5.84 %<\/td>\n<\/tr>\n
      IAF.PR.B<\/td>\nInsurance Straight<\/td>\n1.01 %<\/td>\nYTW SCENARIO
      \nMaturity Type : Limit Maturity
      \nMaturity Date\t: 2053-01-12
      \nMaturity Price : 20.05
      \nEvaluated at bid price : 20.05
      \nBid-YTW : 5.79 %<\/td>\n<\/tr>\n
      RY.PR.N<\/td>\nPerpetual-Discount<\/td>\n1.01 %<\/td>\nYTW SCENARIO
      \nMaturity Type : Limit Maturity
      \nMaturity Date\t: 2053-01-12
      \nMaturity Price : 22.71
      \nEvaluated at bid price : 22.99
      \nBid-YTW : 5.39 %<\/td>\n<\/tr>\n
      SLF.PR.D<\/td>\nInsurance Straight<\/td>\n1.02 %<\/td>\nYTW SCENARIO
      \nMaturity Type : Limit Maturity
      \nMaturity Date\t: 2053-01-12
      \nMaturity Price : 19.72
      \nEvaluated at bid price : 19.72
      \nBid-YTW : 5.70 %<\/td>\n<\/tr>\n
      PWF.PR.K<\/td>\nPerpetual-Discount<\/td>\n1.06 %<\/td>\nYTW SCENARIO
      \nMaturity Type : Limit Maturity
      \nMaturity Date\t: 2053-01-12
      \nMaturity Price : 20.03
      \nEvaluated at bid price : 20.03
      \nBid-YTW : 6.20 %<\/td>\n<\/tr>\n
      CIU.PR.A<\/td>\nPerpetual-Discount<\/td>\n1.06 %<\/td>\nYTW SCENARIO
      \nMaturity Type : Limit Maturity
      \nMaturity Date\t: 2053-01-12
      \nMaturity Price : 19.00
      \nEvaluated at bid price : 19.00
      \nBid-YTW : 6.15 %<\/td>\n<\/tr>\n
      PWF.PR.T<\/td>\nFixedReset Disc<\/td>\n1.06 %<\/td>\nYTW SCENARIO
      \nMaturity Type : Limit Maturity
      \nMaturity Date\t: 2053-01-12
      \nMaturity Price : 19.00
      \nEvaluated at bid price : 19.00
      \nBid-YTW : 7.29 %<\/td>\n<\/tr>\n
      BN.PR.T<\/td>\nFixedReset Disc<\/td>\n1.13 %<\/td>\nYTW SCENARIO
      \nMaturity Type : Limit Maturity
      \nMaturity Date\t: 2053-01-12
      \nMaturity Price : 15.27
      \nEvaluated at bid price : 15.27
      \nBid-YTW : 8.34 %<\/td>\n<\/tr>\n
      IFC.PR.I<\/td>\nPerpetual-Discount<\/td>\n1.13 %<\/td>\nYTW SCENARIO
      \nMaturity Type : Limit Maturity
      \nMaturity Date\t: 2053-01-12
      \nMaturity Price : 22.04
      \nEvaluated at bid price : 22.35
      \nBid-YTW : 6.08 %<\/td>\n<\/tr>\n
      CU.PR.G<\/td>\nPerpetual-Discount<\/td>\n1.18 %<\/td>\nYTW SCENARIO
      \nMaturity Type : Limit Maturity
      \nMaturity Date\t: 2053-01-12
      \nMaturity Price : 18.92
      \nEvaluated at bid price : 18.92
      \nBid-YTW : 6.04 %<\/td>\n<\/tr>\n
      GWO.PR.T<\/td>\nInsurance Straight<\/td>\n1.19 %<\/td>\nYTW SCENARIO
      \nMaturity Type : Limit Maturity
      \nMaturity Date\t: 2053-01-12
      \nMaturity Price : 21.25
      \nEvaluated at bid price : 21.25
      \nBid-YTW : 6.12 %<\/td>\n<\/tr>\n
      CU.PR.E<\/td>\nPerpetual-Discount<\/td>\n1.22 %<\/td>\nYTW SCENARIO
      \nMaturity Type : Limit Maturity
      \nMaturity Date\t: 2053-01-12
      \nMaturity Price : 20.75
      \nEvaluated at bid price : 20.75
      \nBid-YTW : 6.00 %<\/td>\n<\/tr>\n
      GWO.PR.S<\/td>\nInsurance Straight<\/td>\n1.22 %<\/td>\nYTW SCENARIO
      \nMaturity Type : Limit Maturity
      \nMaturity Date\t: 2053-01-12
      \nMaturity Price : 21.29
      \nEvaluated at bid price : 21.56
      \nBid-YTW : 6.13 %<\/td>\n<\/tr>\n
      MFC.PR.J<\/td>\nFixedReset Ins Non<\/td>\n1.22 %<\/td>\nYTW SCENARIO
      \nMaturity Type : Limit Maturity
      \nMaturity Date\t: 2053-01-12
      \nMaturity Price : 21.56
      \nEvaluated at bid price : 21.56
      \nBid-YTW : 6.87 %<\/td>\n<\/tr>\n
      CU.PR.J<\/td>\nPerpetual-Discount<\/td>\n1.28 %<\/td>\nYTW SCENARIO
      \nMaturity Type : Limit Maturity
      \nMaturity Date\t: 2053-01-12
      \nMaturity Price : 19.75
      \nEvaluated at bid price : 19.75
      \nBid-YTW : 6.11 %<\/td>\n<\/tr>\n
      POW.PR.A<\/td>\nPerpetual-Discount<\/td>\n1.32 %<\/td>\nYTW SCENARIO
      \nMaturity Type : Limit Maturity
      \nMaturity Date\t: 2053-01-12
      \nMaturity Price : 22.77
      \nEvaluated at bid price : 23.05
      \nBid-YTW : 6.10 %<\/td>\n<\/tr>\n
      BN.PF.E<\/td>\nFixedReset Disc<\/td>\n1.33 %<\/td>\nYTW SCENARIO
      \nMaturity Type : Limit Maturity
      \nMaturity Date\t: 2053-01-12
      \nMaturity Price : 15.96
      \nEvaluated at bid price : 15.96
      \nBid-YTW : 8.59 %<\/td>\n<\/tr>\n
      BN.PR.N<\/td>\nPerpetual-Discount<\/td>\n1.35 %<\/td>\nYTW SCENARIO
      \nMaturity Type : Limit Maturity
      \nMaturity Date\t: 2053-01-12
      \nMaturity Price : 18.77
      \nEvaluated at bid price : 18.77
      \nBid-YTW : 6.39 %<\/td>\n<\/tr>\n
      PWF.PR.G<\/td>\nPerpetual-Discount<\/td>\n1.35 %<\/td>\nYTW SCENARIO
      \nMaturity Type : Limit Maturity
      \nMaturity Date\t: 2053-01-12
      \nMaturity Price : 23.69
      \nEvaluated at bid price : 24.00
      \nBid-YTW : 6.16 %<\/td>\n<\/tr>\n
      BN.PR.K<\/td>\nFloater<\/td>\n1.46 %<\/td>\nYTW SCENARIO
      \nMaturity Type : Limit Maturity
      \nMaturity Date\t: 2053-01-12
      \nMaturity Price : 13.24
      \nEvaluated at bid price : 13.24
      \nBid-YTW : 8.64 %<\/td>\n<\/tr>\n
      GWO.PR.N<\/td>\nFixedReset Ins Non<\/td>\n1.46 %<\/td>\nYTW SCENARIO
      \nMaturity Type : Limit Maturity
      \nMaturity Date\t: 2053-01-12
      \nMaturity Price : 12.50
      \nEvaluated at bid price : 12.50
      \nBid-YTW : 7.97 %<\/td>\n<\/tr>\n
      BIP.PR.E<\/td>\nFixedReset Disc<\/td>\n1.48 %<\/td>\nYTW SCENARIO
      \nMaturity Type : Limit Maturity
      \nMaturity Date\t: 2053-01-12
      \nMaturity Price : 21.57
      \nEvaluated at bid price : 21.92
      \nBid-YTW : 7.17 %<\/td>\n<\/tr>\n
      CM.PR.P<\/td>\nFixedReset Disc<\/td>\n1.49 %<\/td>\nYTW SCENARIO
      \nMaturity Type : Limit Maturity
      \nMaturity Date\t: 2053-01-12
      \nMaturity Price : 18.37
      \nEvaluated at bid price : 18.37
      \nBid-YTW : 7.16 %<\/td>\n<\/tr>\n
      RY.PR.S<\/td>\nFixedReset Disc<\/td>\n1.49 %<\/td>\nYTW SCENARIO
      \nMaturity Type : Limit Maturity
      \nMaturity Date\t: 2053-01-12
      \nMaturity Price : 21.43
      \nEvaluated at bid price : 21.75
      \nBid-YTW : 6.48 %<\/td>\n<\/tr>\n
      SLF.PR.G<\/td>\nFixedReset Ins Non<\/td>\n1.52 %<\/td>\nYTW SCENARIO
      \nMaturity Type : Limit Maturity
      \nMaturity Date\t: 2053-01-12
      \nMaturity Price : 13.40
      \nEvaluated at bid price : 13.40
      \nBid-YTW : 7.83 %<\/td>\n<\/tr>\n
      PWF.PR.S<\/td>\nPerpetual-Discount<\/td>\n1.55 %<\/td>\nYTW SCENARIO
      \nMaturity Type : Limit Maturity
      \nMaturity Date\t: 2053-01-12
      \nMaturity Price : 19.65
      \nEvaluated at bid price : 19.65
      \nBid-YTW : 6.13 %<\/td>\n<\/tr>\n
      GWO.PR.R<\/td>\nInsurance Straight<\/td>\n1.58 %<\/td>\nYTW SCENARIO
      \nMaturity Type : Limit Maturity
      \nMaturity Date\t: 2053-01-12
      \nMaturity Price : 19.97
      \nEvaluated at bid price : 19.97
      \nBid-YTW : 6.07 %<\/td>\n<\/tr>\n
      GWO.PR.Y<\/td>\nInsurance Straight<\/td>\n1.60 %<\/td>\nYTW SCENARIO
      \nMaturity Type : Limit Maturity
      \nMaturity Date\t: 2053-01-12
      \nMaturity Price : 19.05
      \nEvaluated at bid price : 19.05
      \nBid-YTW : 5.96 %<\/td>\n<\/tr>\n
      IFC.PR.C<\/td>\nFixedReset Disc<\/td>\n1.61 %<\/td>\nYTW SCENARIO
      \nMaturity Type : Limit Maturity
      \nMaturity Date\t: 2053-01-12
      \nMaturity Price : 18.90
      \nEvaluated at bid price : 18.90
      \nBid-YTW : 7.08 %<\/td>\n<\/tr>\n
      PWF.PR.R<\/td>\nPerpetual-Discount<\/td>\n1.68 %<\/td>\nYTW SCENARIO
      \nMaturity Type : Limit Maturity
      \nMaturity Date\t: 2053-01-12
      \nMaturity Price : 22.14
      \nEvaluated at bid price : 22.42
      \nBid-YTW : 6.14 %<\/td>\n<\/tr>\n
      CU.PR.C<\/td>\nFixedReset Disc<\/td>\n1.68 %<\/td>\nYTW SCENARIO
      \nMaturity Type : Limit Maturity
      \nMaturity Date\t: 2053-01-12
      \nMaturity Price : 20.60
      \nEvaluated at bid price : 20.60
      \nBid-YTW : 6.80 %<\/td>\n<\/tr>\n
      ELF.PR.H<\/td>\nPerpetual-Discount<\/td>\n1.69 %<\/td>\nYTW SCENARIO
      \nMaturity Type : Limit Maturity
      \nMaturity Date\t: 2053-01-12
      \nMaturity Price : 22.01
      \nEvaluated at bid price : 22.25
      \nBid-YTW : 6.21 %<\/td>\n<\/tr>\n
      TRP.PR.B<\/td>\nFixedReset Disc<\/td>\n1.69 %<\/td>\nYTW SCENARIO
      \nMaturity Type : Limit Maturity
      \nMaturity Date\t: 2053-01-12
      \nMaturity Price : 12.00
      \nEvaluated at bid price : 12.00
      \nBid-YTW : 8.42 %<\/td>\n<\/tr>\n
      PWF.PR.H<\/td>\nPerpetual-Discount<\/td>\n1.73 %<\/td>\nYTW SCENARIO
      \nMaturity Type : Limit Maturity
      \nMaturity Date\t: 2053-01-12
      \nMaturity Price : 23.20
      \nEvaluated at bid price : 23.50
      \nBid-YTW : 6.13 %<\/td>\n<\/tr>\n
      TRP.PR.G<\/td>\nFixedReset Disc<\/td>\n1.76 %<\/td>\nYTW SCENARIO
      \nMaturity Type : Limit Maturity
      \nMaturity Date\t: 2053-01-12
      \nMaturity Price : 17.30
      \nEvaluated at bid price : 17.30
      \nBid-YTW : 8.15 %<\/td>\n<\/tr>\n
      IFC.PR.E<\/td>\nInsurance Straight<\/td>\n1.79 %<\/td>\nYTW SCENARIO
      \nMaturity Type : Limit Maturity
      \nMaturity Date\t: 2053-01-12
      \nMaturity Price : 21.65
      \nEvaluated at bid price : 21.65
      \nBid-YTW : 6.07 %<\/td>\n<\/tr>\n
      MFC.PR.K<\/td>\nFixedReset Ins Non<\/td>\n1.91 %<\/td>\nYTW SCENARIO
      \nMaturity Type : Limit Maturity
      \nMaturity Date\t: 2053-01-12
      \nMaturity Price : 18.65
      \nEvaluated at bid price : 18.65
      \nBid-YTW : 7.36 %<\/td>\n<\/tr>\n
      FTS.PR.M<\/td>\nFixedReset Disc<\/td>\n1.93 %<\/td>\nYTW SCENARIO
      \nMaturity Type : Limit Maturity
      \nMaturity Date\t: 2053-01-12
      \nMaturity Price : 17.95
      \nEvaluated at bid price : 17.95
      \nBid-YTW : 7.75 %<\/td>\n<\/tr>\n
      POW.PR.G<\/td>\nPerpetual-Discount<\/td>\n2.00 %<\/td>\nYTW SCENARIO
      \nMaturity Type : Limit Maturity
      \nMaturity Date\t: 2053-01-12
      \nMaturity Price : 22.71
      \nEvaluated at bid price : 23.00
      \nBid-YTW : 6.12 %<\/td>\n<\/tr>\n
      BN.PR.B<\/td>\nFloater<\/td>\n2.00 %<\/td>\nYTW SCENARIO
      \nMaturity Type : Limit Maturity
      \nMaturity Date\t: 2053-01-12
      \nMaturity Price : 13.25
      \nEvaluated at bid price : 13.25
      \nBid-YTW : 8.64 %<\/td>\n<\/tr>\n
      POW.PR.D<\/td>\nPerpetual-Discount<\/td>\n2.07 %<\/td>\nYTW SCENARIO
      \nMaturity Type : Limit Maturity
      \nMaturity Date\t: 2053-01-12
      \nMaturity Price : 20.70
      \nEvaluated at bid price : 20.70
      \nBid-YTW : 6.08 %<\/td>\n<\/tr>\n
      MFC.PR.L<\/td>\nFixedReset Ins Non<\/td>\n2.16 %<\/td>\nYTW SCENARIO
      \nMaturity Type : Limit Maturity
      \nMaturity Date\t: 2053-01-12
      \nMaturity Price : 17.51
      \nEvaluated at bid price : 17.51
      \nBid-YTW : 7.58 %<\/td>\n<\/tr>\n
      SLF.PR.C<\/td>\nInsurance Straight<\/td>\n2.16 %<\/td>\nYTW SCENARIO
      \nMaturity Type : Limit Maturity
      \nMaturity Date\t: 2053-01-12
      \nMaturity Price : 19.86
      \nEvaluated at bid price : 19.86
      \nBid-YTW : 5.65 %<\/td>\n<\/tr>\n
      PWF.PR.E<\/td>\nPerpetual-Discount<\/td>\n2.17 %<\/td>\nYTW SCENARIO
      \nMaturity Type : Limit Maturity
      \nMaturity Date\t: 2053-01-12
      \nMaturity Price : 22.31
      \nEvaluated at bid price : 22.58
      \nBid-YTW : 6.10 %<\/td>\n<\/tr>\n
      GWO.PR.I<\/td>\nInsurance Straight<\/td>\n2.29 %<\/td>\nYTW SCENARIO
      \nMaturity Type : Limit Maturity
      \nMaturity Date\t: 2053-01-12
      \nMaturity Price : 19.18
      \nEvaluated at bid price : 19.18
      \nBid-YTW : 5.92 %<\/td>\n<\/tr>\n
      BMO.PR.Y<\/td>\nFixedReset Disc<\/td>\n2.33 %<\/td>\nYTW SCENARIO
      \nMaturity Type : Limit Maturity
      \nMaturity Date\t: 2053-01-12
      \nMaturity Price : 19.80
      \nEvaluated at bid price : 19.80
      \nBid-YTW : 6.97 %<\/td>\n<\/tr>\n
      TD.PF.D<\/td>\nFixedReset Disc<\/td>\n2.36 %<\/td>\nYTW SCENARIO
      \nMaturity Type : Limit Maturity
      \nMaturity Date\t: 2053-01-12
      \nMaturity Price : 20.40
      \nEvaluated at bid price : 20.40
      \nBid-YTW : 6.84 %<\/td>\n<\/tr>\n
      MIC.PR.A<\/td>\nPerpetual-Discount<\/td>\n2.39 %<\/td>\nYTW SCENARIO
      \nMaturity Type : Limit Maturity
      \nMaturity Date\t: 2053-01-12
      \nMaturity Price : 19.25
      \nEvaluated at bid price : 19.25
      \nBid-YTW : 7.09 %<\/td>\n<\/tr>\n
      BN.PF.I<\/td>\nFixedReset Disc<\/td>\n2.50 %<\/td>\nYTW SCENARIO
      \nMaturity Type : Limit Maturity
      \nMaturity Date\t: 2053-01-12
      \nMaturity Price : 22.53
      \nEvaluated at bid price : 23.38
      \nBid-YTW : 7.11 %<\/td>\n<\/tr>\n
      CU.PR.D<\/td>\nPerpetual-Discount<\/td>\n2.57 %<\/td>\nYTW SCENARIO
      \nMaturity Type : Limit Maturity
      \nMaturity Date\t: 2053-01-12
      \nMaturity Price : 20.73
      \nEvaluated at bid price : 20.73
      \nBid-YTW : 6.00 %<\/td>\n<\/tr>\n
      MFC.PR.N<\/td>\nFixedReset Ins Non<\/td>\n2.73 %<\/td>\nYTW SCENARIO
      \nMaturity Type : Limit Maturity
      \nMaturity Date\t: 2053-01-12
      \nMaturity Price : 18.06
      \nEvaluated at bid price : 18.06
      \nBid-YTW : 7.37 %<\/td>\n<\/tr>\n
      PWF.PF.A<\/td>\nPerpetual-Discount<\/td>\n2.75 %<\/td>\nYTW SCENARIO
      \nMaturity Type : Limit Maturity
      \nMaturity Date\t: 2053-01-12
      \nMaturity Price : 18.70
      \nEvaluated at bid price : 18.70
      \nBid-YTW : 6.04 %<\/td>\n<\/tr>\n
      BMO.PR.T<\/td>\nFixedReset Disc<\/td>\n2.81 %<\/td>\nYTW SCENARIO
      \nMaturity Type : Limit Maturity
      \nMaturity Date\t: 2053-01-12
      \nMaturity Price : 18.69
      \nEvaluated at bid price : 18.69
      \nBid-YTW : 7.17 %<\/td>\n<\/tr>\n
      CM.PR.O<\/td>\nFixedReset Disc<\/td>\n3.14 %<\/td>\nYTW SCENARIO
      \nMaturity Type : Limit Maturity
      \nMaturity Date\t: 2053-01-12
      \nMaturity Price : 18.05
      \nEvaluated at bid price : 18.05
      \nBid-YTW : 7.43 %<\/td>\n<\/tr>\n
      TRP.PR.E<\/td>\nFixedReset Disc<\/td>\n3.16 %<\/td>\nYTW SCENARIO
      \nMaturity Type : Limit Maturity
      \nMaturity Date\t: 2053-01-12
      \nMaturity Price : 16.30
      \nEvaluated at bid price : 16.30
      \nBid-YTW : 8.25 %<\/td>\n<\/tr>\n
      CM.PR.Q<\/td>\nFixedReset Disc<\/td>\n3.88 %<\/td>\nYTW SCENARIO
      \nMaturity Type : Limit Maturity
      \nMaturity Date\t: 2053-01-12
      \nMaturity Price : 20.10
      \nEvaluated at bid price : 20.10
      \nBid-YTW : 6.88 %<\/td>\n<\/tr>\n
      BIK.PR.A<\/td>\nFixedReset Disc<\/td>\n4.04 %<\/td>\nYTW SCENARIO
      \nMaturity Type : Call
      \nMaturity Date\t: 2024-03-31
      \nMaturity Price : 25.00
      \nEvaluated at bid price : 25.00
      \nBid-YTW : 6.05 %<\/td>\n<\/tr>\n
      CU.PR.F<\/td>\nPerpetual-Discount<\/td>\n5.87 %<\/td>\nYTW SCENARIO
      \nMaturity Type : Limit Maturity
      \nMaturity Date\t: 2053-01-12
      \nMaturity Price : 18.95
      \nEvaluated at bid price : 18.95
      \nBid-YTW : 6.03 %<\/td>\n<\/tr>\n
      MFC.PR.M<\/td>\nFixedReset Ins Non<\/td>\n8.31 %<\/td>\nYTW SCENARIO
      \nMaturity Type : Limit Maturity
      \nMaturity Date\t: 2053-01-12
      \nMaturity Price : 18.50
      \nEvaluated at bid price : 18.50
      \nBid-YTW : 7.34 %<\/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.I<\/td>\nFixedReset Prem<\/td>\n90,658<\/td>\nYTW SCENARIO
      \nMaturity Type : Limit Maturity
      \nMaturity Date\t: 2053-01-12
      \nMaturity Price : 23.03
      \nEvaluated at bid price : 24.58
      \nBid-YTW : 6.32 %<\/td>\n<\/tr>\n
      TD.PF.A<\/td>\nFixedReset Disc<\/td>\n69,676<\/td>\nYTW SCENARIO
      \nMaturity Type : Limit Maturity
      \nMaturity Date\t: 2053-01-12
      \nMaturity Price : 18.52
      \nEvaluated at bid price : 18.52
      \nBid-YTW : 7.14 %<\/td>\n<\/tr>\n
      RY.PR.J<\/td>\nFixedReset Disc<\/td>\n35,505<\/td>\nYTW SCENARIO
      \nMaturity Type : Limit Maturity
      \nMaturity Date\t: 2053-01-12
      \nMaturity Price : 20.15
      \nEvaluated at bid price : 20.15
      \nBid-YTW : 6.97 %<\/td>\n<\/tr>\n
      SLF.PR.D<\/td>\nInsurance Straight<\/td>\n33,550<\/td>\nYTW SCENARIO
      \nMaturity Type : Limit Maturity
      \nMaturity Date\t: 2053-01-12
      \nMaturity Price : 19.72
      \nEvaluated at bid price : 19.72
      \nBid-YTW : 5.70 %<\/td>\n<\/tr>\n
      SLF.PR.G<\/td>\nFixedReset Ins Non<\/td>\n31,824<\/td>\nYTW SCENARIO
      \nMaturity Type : Limit Maturity
      \nMaturity Date\t: 2053-01-12
      \nMaturity Price : 13.40
      \nEvaluated at bid price : 13.40
      \nBid-YTW : 7.83 %<\/td>\n<\/tr>\n
      CM.PR.S<\/td>\nFixedReset Disc<\/td>\n31,599<\/td>\nYTW SCENARIO
      \nMaturity Type : Limit Maturity
      \nMaturity Date\t: 2053-01-12
      \nMaturity Price : 22.01
      \nEvaluated at bid price : 22.55
      \nBid-YTW : 6.30 %<\/td>\n<\/tr>\n
      There were 12 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.C<\/td>\nFixedReset Disc<\/td>\nQuote: 12.35 – 15.25
      \nSpot Rate : 2.9000
      \nAverage : 1.6671<\/p>\n

      YTW SCENARIO
      \nMaturity Type : Limit Maturity
      \nMaturity Date\t: 2053-01-12
      \nMaturity Price : 12.35
      \nEvaluated at bid price : 12.35
      \nBid-YTW : 8.43 %<\/td>\n<\/tr>\n

      PWF.PR.E<\/td>\nPerpetual-Discount<\/td>\nQuote: 22.58 – 25.80
      \nSpot Rate : 3.2200
      \nAverage : 2.1351<\/p>\n

      YTW SCENARIO
      \nMaturity Type : Limit Maturity
      \nMaturity Date\t: 2053-01-12
      \nMaturity Price : 22.31
      \nEvaluated at bid price : 22.58
      \nBid-YTW : 6.10 %<\/td>\n<\/tr>\n

      CM.PR.P<\/td>\nFixedReset Disc<\/td>\nQuote: 18.37 – 20.00
      \nSpot Rate : 1.6300
      \nAverage : 0.9975<\/p>\n

      YTW SCENARIO
      \nMaturity Type : Limit Maturity
      \nMaturity Date\t: 2053-01-12
      \nMaturity Price : 18.37
      \nEvaluated at bid price : 18.37
      \nBid-YTW : 7.16 %<\/td>\n<\/tr>\n

      TD.PF.K<\/td>\nFixedReset Disc<\/td>\nQuote: 21.22 – 22.58
      \nSpot Rate : 1.3600
      \nAverage : 0.8605<\/p>\n

      YTW SCENARIO
      \nMaturity Type : Limit Maturity
      \nMaturity Date\t: 2053-01-12
      \nMaturity Price : 21.22
      \nEvaluated at bid price : 21.22
      \nBid-YTW : 6.84 %<\/td>\n<\/tr>\n

      CU.PR.H<\/td>\nPerpetual-Discount<\/td>\nQuote: 21.00 – 22.60
      \nSpot Rate : 1.6000
      \nAverage : 1.1018<\/p>\n

      YTW SCENARIO
      \nMaturity Type : Limit Maturity
      \nMaturity Date\t: 2053-01-12
      \nMaturity Price : 21.00
      \nEvaluated at bid price : 21.00
      \nBid-YTW : 6.35 %<\/td>\n<\/tr>\n

      PVS.PR.K<\/td>\nSplitShare<\/td>\nQuote: 21.94 – 22.94
      \nSpot Rate : 1.0000
      \nAverage : 0.5943<\/p>\n

      YTW SCENARIO
      \nMaturity Type : Hard Maturity
      \nMaturity Date\t: 2029-05-31
      \nMaturity Price : 25.00
      \nEvaluated at bid price : 21.94
      \nBid-YTW : 6.99 %<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

      The December US inflation number was released: Inflation continued to slow on an annual basis in December, providing welcome relief for American households and a positive development for policymakers at the Federal Reserve and White …<\/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-44656","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/44656","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=44656"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/44656\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=44656"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=44656"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=44656"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}