{"id":45393,"date":"2023-06-13T22:11:13","date_gmt":"2023-06-14T03:11:13","guid":{"rendered":"https:\/\/prefblog.com\/?p=45393"},"modified":"2023-06-13T22:11:13","modified_gmt":"2023-06-14T03:11:13","slug":"june-13-2023","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=45393","title":{"rendered":"June 13, 2023"},"content":{"rendered":"<p>US inflation numbers <a href=\"https:\/\/www.nytimes.com\/live\/2023\/06\/13\/business\/cpi-inflation-fed\">came out today<\/a>:<\/p>\n<blockquote><p>The Consumer Price Index climbed 4 percent in the year through May, slightly less than the 4.1 percent economists had expected and the slowest pace in more than two years. In April, it had climbed 4.9 percent.<br \/>\n<b>&#8230;<\/b><br \/>\nAfter stripping out food and fuel prices, the closely watched measure of \u201ccore\u201d prices picked up 5.3 percent in May compared with a year earlier. That was slightly higher than the 5.2 percent economists had expected, but lower than 5.5 percent the previous month.<\/p>\n<p>Still, there were lingering signs that inflation has staying power. Fed officials also monitor month-to-month changes in prices, particularly for the core index, to get a sense of the recent trends in inflation. That figure continued to pick up at an unusually quick pace in May.<br \/>\n<b>&#8230;<\/b><br \/>\nRents were up 8.7 percent in May from a year earlier, the Labor Department said Tuesday, down slightly from the 8.8 percent increase in April. That might not sound like much, but it\u2019s the first time the year-over-year rate of rent increases has fallen in roughly two years. Over the past three months, rents have risen at their slowest rate since early 2022.<\/p><\/blockquote>\n<div align=\"center\"><a href=\"https:\/\/prefblog.com\/wp-content\/uploads\/2023\/06\/USInflationComponents_230613.png\"><img decoding=\"async\" src=\"https:\/\/prefblog.com\/wp-content\/uploads\/2023\/06\/USInflationComponents_230613.png\" width=\"400\"><\/a><\/div>\n<p>&#8230; and I still have no time!<\/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>-3.5088 %<\/td>\n<td>2,124.9<\/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>-3.5088 %<\/td>\n<td>4,075.5<\/td>\n<\/tr>\n<tr>\n<td>Floater<\/td>\n<td>11.06 %<\/td>\n<td>11.47 %<\/td>\n<td>44,858<\/td>\n<td>8.34<\/td>\n<td>1<\/td>\n<td>-3.5088 %<\/td>\n<td>2,348.7<\/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>-0.3612 %<\/td>\n<td>3,296.1<\/td>\n<\/tr>\n<tr>\n<td>SplitShare<\/td>\n<td>5.09 %<\/td>\n<td>7.72 %<\/td>\n<td>41,570<\/td>\n<td>2.21<\/td>\n<td>6<\/td>\n<td>-0.3612 %<\/td>\n<td>3,936.3<\/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>-0.3612 %<\/td>\n<td>3,071.3<\/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>0.4758 %<\/td>\n<td>2,643.1<\/td>\n<\/tr>\n<tr>\n<td>Perpetual-Discount<\/td>\n<td>6.45 %<\/td>\n<td>6.65 %<\/td>\n<td>41,125<\/td>\n<td>12.95<\/td>\n<td>31<\/td>\n<td>0.4758 %<\/td>\n<td>2,882.2<\/td>\n<\/tr>\n<tr>\n<td>FixedReset Disc<\/td>\n<td>5.84 %<\/td>\n<td>8.37 %<\/td>\n<td>85,472<\/td>\n<td>11.27<\/td>\n<td>63<\/td>\n<td>0.3274 %<\/td>\n<td>2,137.2<\/td>\n<\/tr>\n<tr>\n<td>Insurance Straight<\/td>\n<td>6.39 %<\/td>\n<td>6.48 %<\/td>\n<td>56,039<\/td>\n<td>13.29<\/td>\n<td>19<\/td>\n<td>0.2063 %<\/td>\n<td>2,816.5<\/td>\n<\/tr>\n<tr>\n<td>FloatingReset<\/td>\n<td>11.48 %<\/td>\n<td>11.09 %<\/td>\n<td>26,096<\/td>\n<td>8.80<\/td>\n<td>2<\/td>\n<td>0.8008 %<\/td>\n<td>2,349.7<\/td>\n<\/tr>\n<tr>\n<td>FixedReset Prem<\/td>\n<td>6.97 %<\/td>\n<td>7.01 %<\/td>\n<td>309,610<\/td>\n<td>3.76<\/td>\n<td>1<\/td>\n<td>-0.0397 %<\/td>\n<td>2,319.2<\/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>0.3274 %<\/td>\n<td>2,184.6<\/td>\n<\/tr>\n<tr>\n<td>FixedReset Ins Non<\/td>\n<td>6.05 %<\/td>\n<td>7.66 %<\/td>\n<td>88,691<\/td>\n<td>11.73<\/td>\n<td>9<\/td>\n<td>0.2656 %<\/td>\n<td>2,345.2<\/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>BN.PR.B<\/td>\n<td>Floater<\/td>\n<td>-3.51 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2053-06-13<br \/>\nMaturity Price  : 11.00<br \/>\nEvaluated at bid price : 11.00<br \/>\nBid-YTW : 11.47 %<\/td>\n<\/tr>\n<tr>\n<td>IFC.PR.F<\/td>\n<td>Insurance Straight<\/td>\n<td>-3.36 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2053-06-13<br \/>\nMaturity Price  : 20.68<br \/>\nEvaluated at bid price : 20.68<br \/>\nBid-YTW : 6.56 %<\/td>\n<\/tr>\n<tr>\n<td>BN.PF.G<\/td>\n<td>FixedReset Disc<\/td>\n<td>-1.69 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2053-06-13<br \/>\nMaturity Price  : 14.50<br \/>\nEvaluated at bid price : 14.50<br \/>\nBid-YTW : 10.57 %<\/td>\n<\/tr>\n<tr>\n<td>PVS.PR.I<\/td>\n<td>SplitShare<\/td>\n<td>-1.28 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Hard Maturity<br \/>\nMaturity Date\t: 2025-10-31<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 23.06<br \/>\nBid-YTW : 8.49 %<\/td>\n<\/tr>\n<tr>\n<td>PVS.PR.J<\/td>\n<td>SplitShare<\/td>\n<td>-1.14 %<\/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 : 21.65<br \/>\nBid-YTW : 7.92 %<\/td>\n<\/tr>\n<tr>\n<td>BIP.PR.B<\/td>\n<td>FixedReset Disc<\/td>\n<td>-1.10 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2053-06-13<br \/>\nMaturity Price  : 21.27<br \/>\nEvaluated at bid price : 21.56<br \/>\nBid-YTW : 8.94 %<\/td>\n<\/tr>\n<tr>\n<td>PWF.PR.H<\/td>\n<td>Perpetual-Discount<\/td>\n<td>1.02 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2053-06-13<br \/>\nMaturity Price  : 21.62<br \/>\nEvaluated at bid price : 21.87<br \/>\nBid-YTW : 6.68 %<\/td>\n<\/tr>\n<tr>\n<td>BMO.PR.F<\/td>\n<td>FixedReset Disc<\/td>\n<td>1.05 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2053-06-13<br \/>\nMaturity Price  : 23.44<br \/>\nEvaluated at bid price : 24.00<br \/>\nBid-YTW : 7.48 %<\/td>\n<\/tr>\n<tr>\n<td>BN.PF.I<\/td>\n<td>FixedReset Disc<\/td>\n<td>1.05 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2053-06-13<br \/>\nMaturity Price  : 19.20<br \/>\nEvaluated at bid price : 19.20<br \/>\nBid-YTW : 9.22 %<\/td>\n<\/tr>\n<tr>\n<td>CM.PR.T<\/td>\n<td>FixedReset Disc<\/td>\n<td>1.09 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2053-06-13<br \/>\nMaturity Price  : 22.68<br \/>\nEvaluated at bid price : 23.25<br \/>\nBid-YTW : 7.54 %<\/td>\n<\/tr>\n<tr>\n<td>FTS.PR.G<\/td>\n<td>FixedReset Disc<\/td>\n<td>1.12 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2053-06-13<br \/>\nMaturity Price  : 18.10<br \/>\nEvaluated at bid price : 18.10<br \/>\nBid-YTW : 8.20 %<\/td>\n<\/tr>\n<tr>\n<td>TD.PF.L<\/td>\n<td>FixedReset Disc<\/td>\n<td>1.14 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2053-06-13<br \/>\nMaturity Price  : 22.60<br \/>\nEvaluated at bid price : 23.16<br \/>\nBid-YTW : 7.56 %<\/td>\n<\/tr>\n<tr>\n<td>MFC.PR.K<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>1.16 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2053-06-13<br \/>\nMaturity Price  : 19.15<br \/>\nEvaluated at bid price : 19.15<br \/>\nBid-YTW : 7.83 %<\/td>\n<\/tr>\n<tr>\n<td>FTS.PR.H<\/td>\n<td>FixedReset Disc<\/td>\n<td>1.17 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2053-06-13<br \/>\nMaturity Price  : 12.10<br \/>\nEvaluated at bid price : 12.10<br \/>\nBid-YTW : 9.72 %<\/td>\n<\/tr>\n<tr>\n<td>CM.PR.Y<\/td>\n<td>FixedReset Disc<\/td>\n<td>1.24 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2053-06-13<br \/>\nMaturity Price  : 23.22<br \/>\nEvaluated at bid price : 23.74<br \/>\nBid-YTW : 7.64 %<\/td>\n<\/tr>\n<tr>\n<td>TD.PF.B<\/td>\n<td>FixedReset Disc<\/td>\n<td>1.26 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2053-06-13<br \/>\nMaturity Price  : 17.72<br \/>\nEvaluated at bid price : 17.72<br \/>\nBid-YTW : 8.29 %<\/td>\n<\/tr>\n<tr>\n<td>BMO.PR.S<\/td>\n<td>FixedReset Disc<\/td>\n<td>1.30 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2053-06-13<br \/>\nMaturity Price  : 17.90<br \/>\nEvaluated at bid price : 17.90<br \/>\nBid-YTW : 8.38 %<\/td>\n<\/tr>\n<tr>\n<td>TD.PF.A<\/td>\n<td>FixedReset Disc<\/td>\n<td>1.32 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2053-06-13<br \/>\nMaturity Price  : 17.60<br \/>\nEvaluated at bid price : 17.60<br \/>\nBid-YTW : 8.24 %<\/td>\n<\/tr>\n<tr>\n<td>BN.PF.J<\/td>\n<td>FixedReset Disc<\/td>\n<td>1.33 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2053-06-13<br \/>\nMaturity Price  : 21.33<br \/>\nEvaluated at bid price : 21.33<br \/>\nBid-YTW : 7.98 %<\/td>\n<\/tr>\n<tr>\n<td>TD.PF.C<\/td>\n<td>FixedReset Disc<\/td>\n<td>1.33 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2053-06-13<br \/>\nMaturity Price  : 17.50<br \/>\nEvaluated at bid price : 17.50<br \/>\nBid-YTW : 8.28 %<\/td>\n<\/tr>\n<tr>\n<td>SLF.PR.J<\/td>\n<td>FloatingReset<\/td>\n<td>1.40 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2053-06-13<br \/>\nMaturity Price  : 14.51<br \/>\nEvaluated at bid price : 14.51<br \/>\nBid-YTW : 11.09 %<\/td>\n<\/tr>\n<tr>\n<td>RY.PR.Z<\/td>\n<td>FixedReset Disc<\/td>\n<td>1.44 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2053-06-13<br \/>\nMaturity Price  : 17.65<br \/>\nEvaluated at bid price : 17.65<br \/>\nBid-YTW : 8.33 %<\/td>\n<\/tr>\n<tr>\n<td>POW.PR.C<\/td>\n<td>Perpetual-Discount<\/td>\n<td>1.52 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2053-06-13<br \/>\nMaturity Price  : 22.50<br \/>\nEvaluated at bid price : 22.76<br \/>\nBid-YTW : 6.49 %<\/td>\n<\/tr>\n<tr>\n<td>MFC.PR.M<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>1.52 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2053-06-13<br \/>\nMaturity Price  : 16.70<br \/>\nEvaluated at bid price : 16.70<br \/>\nBid-YTW : 8.81 %<\/td>\n<\/tr>\n<tr>\n<td>PWF.PR.K<\/td>\n<td>Perpetual-Discount<\/td>\n<td>1.77 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2053-06-13<br \/>\nMaturity Price  : 18.95<br \/>\nEvaluated at bid price : 18.95<br \/>\nBid-YTW : 6.65 %<\/td>\n<\/tr>\n<tr>\n<td>CCS.PR.C<\/td>\n<td>Insurance Straight<\/td>\n<td>1.81 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2053-06-13<br \/>\nMaturity Price  : 19.65<br \/>\nEvaluated at bid price : 19.65<br \/>\nBid-YTW : 6.39 %<\/td>\n<\/tr>\n<tr>\n<td>BIP.PR.A<\/td>\n<td>FixedReset Disc<\/td>\n<td>2.04 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2053-06-13<br \/>\nMaturity Price  : 17.00<br \/>\nEvaluated at bid price : 17.00<br \/>\nBid-YTW : 9.98 %<\/td>\n<\/tr>\n<tr>\n<td>MIC.PR.A<\/td>\n<td>Perpetual-Discount<\/td>\n<td>2.14 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2053-06-13<br \/>\nMaturity Price  : 20.50<br \/>\nEvaluated at bid price : 20.50<br \/>\nBid-YTW : 6.75 %<\/td>\n<\/tr>\n<tr>\n<td>SLF.PR.E<\/td>\n<td>Insurance Straight<\/td>\n<td>3.11 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2053-06-13<br \/>\nMaturity Price  : 18.56<br \/>\nEvaluated at bid price : 18.56<br \/>\nBid-YTW : 6.09 %<\/td>\n<\/tr>\n<tr>\n<td>BN.PF.B<\/td>\n<td>FixedReset Disc<\/td>\n<td>3.24 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2053-06-13<br \/>\nMaturity Price  : 16.23<br \/>\nEvaluated at bid price : 16.23<br \/>\nBid-YTW : 9.82 %<\/td>\n<\/tr>\n<tr>\n<td>PWF.PR.L<\/td>\n<td>Perpetual-Discount<\/td>\n<td>5.56 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2053-06-13<br \/>\nMaturity Price  : 19.00<br \/>\nEvaluated at bid price : 19.00<br \/>\nBid-YTW : 6.83 %<\/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>BMO.PR.Y<\/td>\n<td>FixedReset Disc<\/td>\n<td>42,300<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2053-06-13<br \/>\nMaturity Price  : 17.81<br \/>\nEvaluated at bid price : 17.81<br \/>\nBid-YTW : 8.38 %<\/td>\n<\/tr>\n<tr>\n<td>FTS.PR.M<\/td>\n<td>FixedReset Disc<\/td>\n<td>38,270<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2053-06-13<br \/>\nMaturity Price  : 16.65<br \/>\nEvaluated at bid price : 16.65<br \/>\nBid-YTW : 9.06 %<\/td>\n<\/tr>\n<tr>\n<td>TD.PF.C<\/td>\n<td>FixedReset Disc<\/td>\n<td>36,600<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2053-06-13<br \/>\nMaturity Price  : 17.50<br \/>\nEvaluated at bid price : 17.50<br \/>\nBid-YTW : 8.28 %<\/td>\n<\/tr>\n<tr>\n<td>BN.PF.B<\/td>\n<td>FixedReset Disc<\/td>\n<td>35,335<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2053-06-13<br \/>\nMaturity Price  : 16.23<br \/>\nEvaluated at bid price : 16.23<br \/>\nBid-YTW : 9.82 %<\/td>\n<\/tr>\n<tr>\n<td>CM.PR.S<\/td>\n<td>FixedReset Disc<\/td>\n<td>32,057<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2053-06-13<br \/>\nMaturity Price  : 20.85<br \/>\nEvaluated at bid price : 20.85<br \/>\nBid-YTW : 7.43 %<\/td>\n<\/tr>\n<tr>\n<td>TRP.PR.D<\/td>\n<td>FixedReset Disc<\/td>\n<td>31,180<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2053-06-13<br \/>\nMaturity Price  : 15.52<br \/>\nEvaluated at bid price : 15.52<br \/>\nBid-YTW : 9.81 %<\/td>\n<\/tr>\n<tr>\n<td colspan=\"4\">There were 15 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>CU.PR.C<\/td>\n<td>FixedReset Disc<\/td>\n<td>Quote: 18.16 &#8211; 22.72<br \/>\nSpot Rate  :  4.5600<br \/>\nAverage  :  3.6784<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2053-06-13<br \/>\nMaturity Price  : 18.16<br \/>\nEvaluated at bid price : 18.16<br \/>\nBid-YTW : 8.18 %<\/td>\n<\/tr>\n<tr>\n<td>IFC.PR.C<\/td>\n<td>FixedReset Disc<\/td>\n<td>Quote: 17.25 &#8211; 18.49<br \/>\nSpot Rate  :  1.2400<br \/>\nAverage  :  0.7615<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2053-06-13<br \/>\nMaturity Price  : 17.25<br \/>\nEvaluated at bid price : 17.25<br \/>\nBid-YTW : 8.40 %<\/td>\n<\/tr>\n<tr>\n<td>BN.PF.A<\/td>\n<td>FixedReset Disc<\/td>\n<td>Quote: 19.03 &#8211; 20.00<br \/>\nSpot Rate  :  0.9700<br \/>\nAverage  :  0.6242<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2053-06-13<br \/>\nMaturity Price  : 19.03<br \/>\nEvaluated at bid price : 19.03<br \/>\nBid-YTW : 8.92 %<\/td>\n<\/tr>\n<tr>\n<td>BN.PR.M<\/td>\n<td>Perpetual-Discount<\/td>\n<td>Quote: 17.50 &#8211; 18.35<br \/>\nSpot Rate  :  0.8500<br \/>\nAverage  :  0.5670<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2053-06-13<br \/>\nMaturity Price  : 17.50<br \/>\nEvaluated at bid price : 17.50<br \/>\nBid-YTW : 6.95 %<\/td>\n<\/tr>\n<tr>\n<td>CCS.PR.C<\/td>\n<td>Insurance Straight<\/td>\n<td>Quote: 19.65 &#8211; 21.00<br \/>\nSpot Rate  :  1.3500<br \/>\nAverage  :  1.0694<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2053-06-13<br \/>\nMaturity Price  : 19.65<br \/>\nEvaluated at bid price : 19.65<br \/>\nBid-YTW : 6.39 %<\/td>\n<\/tr>\n<tr>\n<td>IFC.PR.F<\/td>\n<td>Insurance Straight<\/td>\n<td>Quote: 20.68 &#8211; 21.68<br \/>\nSpot Rate  :  1.0000<br \/>\nAverage  :  0.8085<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2053-06-13<br \/>\nMaturity Price  : 20.68<br \/>\nEvaluated at bid price : 20.68<br \/>\nBid-YTW : 6.56 %<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>US inflation numbers came out today: The Consumer Price Index climbed 4 percent in the year through May, slightly less than the 4.1 percent economists had expected and the slowest pace in more than two 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