{"id":46399,"date":"2024-02-12T22:14:39","date_gmt":"2024-02-13T03:14:39","guid":{"rendered":"https:\/\/prefblog.com\/?p=46399"},"modified":"2024-02-12T22:14:39","modified_gmt":"2024-02-13T03:14:39","slug":"february-12-2024","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=46399","title":{"rendered":"February 12, 2024"},"content":{"rendered":"

Some cheery news from the Atlanta Fed honcho<\/a>:<\/p>\n

Bumpy and slow is how a top Federal Reserve official sees inflation\u2019s trajectory this year. Translation: Don\u2019t get your hopes up for rate cuts in the next few months.<\/p>\n

Atlanta Fed President Raphael Bostic, who is voting on the Federal Open Market Committee\u2019s policy decisions this year, told CNN in an exclusive interview that he is anticipating the nation\u2019s inflation rate \u2014 which currently stands at around 3% \u2014 will be near \u201cthe lower twos\u201d by the end of 2024.<\/p>\n

\u201cWith that outlook, I really see the first move coming sometime in the summertime,\u201d he said, regarding lowering interest rates that currently sit at a 23-year high.<\/p>\n

Bostic said he\u2019s been both surprised and pleased by the strength of the labor market. January\u2019s monthly jobs report stunned economists with the 353,000 new jobs added, which was well above expectations, leaving the unemployment rate below 4% for the 24th consecutive month.<\/p>\n

\u201cThe question is sort of what is the underlying implication for how fast inflation can get back to 2%?\u201d he said, adding that current economic conditions could work against Americans by helping keep prices elevated. That\u2019s because when unemployment is low, people have more money to spend \u2014 which makes it easier for businesses to raise prices.<\/p><\/blockquote>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
HIMIPref™ Preferred Indices
These values reflect the December 2008 revision of the HIMIPref™ Indices<\/strong>
Values are provisional and are finalized monthly<\/td>\n<\/tr>\n
Index<\/td>\nMean
Current
Yield
(at bid)<\/td>\n		Median
YTW<\/td>\n		Median
Average
Trading
Value<\/td>\n		Median
Mod Dur
(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-0.2114 %<\/td>\n2,280.4<\/td>\n<\/tr>\n
FixedFloater<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.2114 %<\/td>\n4,373.8<\/td>\n<\/tr>\n
Floater<\/td>\n10.68 %<\/td>\n10.96 %<\/td>\n32,165<\/td>\n8.76<\/td>\n2<\/td>\n-0.2114 %<\/td>\n2,520.6<\/td>\n<\/tr>\n
OpRet<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.0479 %<\/td>\n3,427.6<\/td>\n<\/tr>\n
SplitShare<\/td>\n4.91 %<\/td>\n7.13 %<\/td>\n49,536<\/td>\n1.90<\/td>\n7<\/td>\n0.0479 %<\/td>\n4,093.3<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.0479 %<\/td>\n3,193.8<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.6668 %<\/td>\n2,641.0<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n6.51 %<\/td>\n6.69 %<\/td>\n50,128<\/td>\n12.93<\/td>\n33<\/td>\n0.6668 %<\/td>\n2,879.9<\/td>\n<\/tr>\n
FixedReset Disc<\/td>\n5.62 %<\/td>\n7.74 %<\/td>\n116,396<\/td>\n12.04<\/td>\n59<\/td>\n-0.1606 %<\/td>\n2,349.9<\/td>\n<\/tr>\n
Insurance Straight<\/td>\n6.32 %<\/td>\n6.48 %<\/td>\n63,033<\/td>\n13.19<\/td>\n21<\/td>\n0.0193 %<\/td>\n2,869.3<\/td>\n<\/tr>\n
FloatingReset<\/td>\n10.03 %<\/td>\n10.27 %<\/td>\n34,772<\/td>\n9.21<\/td>\n3<\/td>\n-0.1881 %<\/td>\n2,599.4<\/td>\n<\/tr>\n
FixedReset Prem<\/td>\n6.94 %<\/td>\n6.70 %<\/td>\n167,413<\/td>\n3.28<\/td>\n1<\/td>\n0.0395 %<\/td>\n2,515.3<\/td>\n<\/tr>\n
FixedReset Bank Non<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.1606 %<\/td>\n2,402.0<\/td>\n<\/tr>\n
FixedReset Ins Non<\/td>\n5.42 %<\/td>\n7.20 %<\/td>\n93,904<\/td>\n12.42<\/td>\n14<\/td>\n-0.0368 %<\/td>\n2,620.0<\/td>\n<\/tr>\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
Performance Highlights<\/strong><\/td>\n<\/tr>\n
Issue<\/td>\nIndex<\/td>\nChange<\/td>\nNotes<\/td>\n<\/tr>\n
BIP.PR.A<\/td>\nFixedReset Disc<\/td>\n-13.59 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-02-12
\nMaturity Price : 15.39
\nEvaluated at bid price : 15.39
\nBid-YTW : 11.37 %<\/td>\n<\/tr>\n
IFC.PR.F<\/td>\nInsurance Straight<\/td>\n-7.17 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-02-12
\nMaturity Price : 18.90
\nEvaluated at bid price : 18.90
\nBid-YTW : 7.14 %<\/td>\n<\/tr>\n
TD.PF.B<\/td>\nFixedReset Disc<\/td>\n-3.96 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-02-12
\nMaturity Price : 20.60
\nEvaluated at bid price : 20.60
\nBid-YTW : 7.26 %<\/td>\n<\/tr>\n
BN.PR.T<\/td>\nFixedReset Disc<\/td>\n-2.60 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-02-12
\nMaturity Price : 15.00
\nEvaluated at bid price : 15.00
\nBid-YTW : 9.29 %<\/td>\n<\/tr>\n
GWO.PR.P<\/td>\nInsurance Straight<\/td>\n-1.88 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-02-12
\nMaturity Price : 20.36
\nEvaluated at bid price : 20.36
\nBid-YTW : 6.75 %<\/td>\n<\/tr>\n
BIP.PR.E<\/td>\nFixedReset Disc<\/td>\n-1.85 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-02-12
\nMaturity Price : 21.20
\nEvaluated at bid price : 21.20
\nBid-YTW : 8.03 %<\/td>\n<\/tr>\n
FTS.PR.F<\/td>\nPerpetual-Discount<\/td>\n-1.37 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-02-12
\nMaturity Price : 20.12
\nEvaluated at bid price : 20.12
\nBid-YTW : 6.23 %<\/td>\n<\/tr>\n
BN.PF.J<\/td>\nFixedReset Disc<\/td>\n-1.26 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-02-12
\nMaturity Price : 20.30
\nEvaluated at bid price : 20.30
\nBid-YTW : 8.33 %<\/td>\n<\/tr>\n
BN.PR.R<\/td>\nFixedReset Disc<\/td>\n-1.26 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-02-12
\nMaturity Price : 14.92
\nEvaluated at bid price : 14.92
\nBid-YTW : 9.33 %<\/td>\n<\/tr>\n
IFC.PR.A<\/td>\nFixedReset Ins Non<\/td>\n-1.25 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-02-12
\nMaturity Price : 18.96
\nEvaluated at bid price : 18.96
\nBid-YTW : 7.06 %<\/td>\n<\/tr>\n
NA.PR.S<\/td>\nFixedReset Disc<\/td>\n1.02 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-02-12
\nMaturity Price : 20.76
\nEvaluated at bid price : 20.76
\nBid-YTW : 7.39 %<\/td>\n<\/tr>\n
BMO.PR.Y<\/td>\nFixedReset Disc<\/td>\n1.03 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-02-12
\nMaturity Price : 19.70
\nEvaluated at bid price : 19.70
\nBid-YTW : 7.74 %<\/td>\n<\/tr>\n
CU.PR.J<\/td>\nPerpetual-Discount<\/td>\n1.09 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-02-12
\nMaturity Price : 18.60
\nEvaluated at bid price : 18.60
\nBid-YTW : 6.41 %<\/td>\n<\/tr>\n
FFH.PR.I<\/td>\nFixedReset Disc<\/td>\n1.12 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-02-12
\nMaturity Price : 17.09
\nEvaluated at bid price : 17.09
\nBid-YTW : 9.04 %<\/td>\n<\/tr>\n
IFC.PR.K<\/td>\nInsurance Straight<\/td>\n1.23 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-02-12
\nMaturity Price : 20.61
\nEvaluated at bid price : 20.61
\nBid-YTW : 6.48 %<\/td>\n<\/tr>\n
CU.PR.F<\/td>\nPerpetual-Discount<\/td>\n1.25 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-02-12
\nMaturity Price : 17.75
\nEvaluated at bid price : 17.75
\nBid-YTW : 6.36 %<\/td>\n<\/tr>\n
FFH.PR.C<\/td>\nFixedReset Disc<\/td>\n1.64 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-02-12
\nMaturity Price : 20.43
\nEvaluated at bid price : 20.43
\nBid-YTW : 8.37 %<\/td>\n<\/tr>\n
SLF.PR.H<\/td>\nFixedReset Ins Non<\/td>\n1.65 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-02-12
\nMaturity Price : 19.06
\nEvaluated at bid price : 19.06
\nBid-YTW : 7.12 %<\/td>\n<\/tr>\n
BN.PF.I<\/td>\nFixedReset Disc<\/td>\n1.70 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-02-12
\nMaturity Price : 20.34
\nEvaluated at bid price : 20.34
\nBid-YTW : 8.80 %<\/td>\n<\/tr>\n
CU.PR.H<\/td>\nPerpetual-Discount<\/td>\n2.45 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-02-12
\nMaturity Price : 20.90
\nEvaluated at bid price : 20.90
\nBid-YTW : 6.31 %<\/td>\n<\/tr>\n
MIC.PR.A<\/td>\nPerpetual-Discount<\/td>\n2.73 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-02-12
\nMaturity Price : 18.80
\nEvaluated at bid price : 18.80
\nBid-YTW : 7.32 %<\/td>\n<\/tr>\n
POW.PR.A<\/td>\nPerpetual-Discount<\/td>\n3.70 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-02-12
\nMaturity Price : 21.00
\nEvaluated at bid price : 21.00
\nBid-YTW : 6.76 %<\/td>\n<\/tr>\n
GWO.PR.Y<\/td>\nInsurance Straight<\/td>\n4.68 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-02-12
\nMaturity Price : 17.90
\nEvaluated at bid price : 17.90
\nBid-YTW : 6.39 %<\/td>\n<\/tr>\n
PWF.PR.P<\/td>\nFixedReset Disc<\/td>\n9.92 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-02-12
\nMaturity Price : 14.40
\nEvaluated at bid price : 14.40
\nBid-YTW : 8.45 %<\/td>\n<\/tr>\n
CU.PR.D<\/td>\nPerpetual-Discount<\/td>\n16.61 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-02-12
\nMaturity Price : 19.10
\nEvaluated at bid price : 19.10
\nBid-YTW : 6.44 %<\/td>\n<\/tr>\n<\/table>\n\n\n\n\n\n\n\n\n\n\n
Volume Highlights<\/strong><\/td>\n<\/tr>\n
Issue<\/td>\nIndex<\/td>\nShares
Traded<\/td>\n		Notes<\/td>\n<\/tr>\n
SLF.PR.H<\/td>\nFixedReset Ins Non<\/td>\n226,000<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-02-12
\nMaturity Price : 19.06
\nEvaluated at bid price : 19.06
\nBid-YTW : 7.12 %<\/td>\n<\/tr>\n
BMO.PR.S<\/td>\nFixedReset Disc<\/td>\n147,000<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-02-12
\nMaturity Price : 21.12
\nEvaluated at bid price : 21.12
\nBid-YTW : 7.17 %<\/td>\n<\/tr>\n
RY.PR.J<\/td>\nFixedReset Disc<\/td>\n123,000<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-02-12
\nMaturity Price : 19.75
\nEvaluated at bid price : 19.75
\nBid-YTW : 7.85 %<\/td>\n<\/tr>\n
FFH.PR.I<\/td>\nFixedReset Disc<\/td>\n87,700<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-02-12
\nMaturity Price : 17.09
\nEvaluated at bid price : 17.09
\nBid-YTW : 9.04 %<\/td>\n<\/tr>\n
BN.PF.B<\/td>\nFixedReset Disc<\/td>\n53,200<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-02-12
\nMaturity Price : 19.40
\nEvaluated at bid price : 19.40
\nBid-YTW : 8.31 %<\/td>\n<\/tr>\n
SLF.PR.G<\/td>\nFixedReset Ins Non<\/td>\n50,000<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-02-12
\nMaturity Price : 15.18
\nEvaluated at bid price : 15.18
\nBid-YTW : 8.00 %<\/td>\n<\/tr>\n
There were 16 other index-included issues trading in excess of 10,000 shares.<\/td>\n<\/tr>\n<\/table>\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
BIP.PR.A<\/td>\nFixedReset Disc<\/td>\nQuote: 15.39 – 18.80
\nSpot Rate : 3.4100
\nAverage : 2.1979<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-02-12
\nMaturity Price : 15.39
\nEvaluated at bid price : 15.39
\nBid-YTW : 11.37 %<\/td>\n<\/tr>\n

IFC.PR.F<\/td>\nInsurance Straight<\/td>\nQuote: 18.90 – 20.82
\nSpot Rate : 1.9200
\nAverage : 1.1276<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-02-12
\nMaturity Price : 18.90
\nEvaluated at bid price : 18.90
\nBid-YTW : 7.14 %<\/td>\n<\/tr>\n

TD.PF.B<\/td>\nFixedReset Disc<\/td>\nQuote: 20.60 – 21.48
\nSpot Rate : 0.8800
\nAverage : 0.4992<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-02-12
\nMaturity Price : 20.60
\nEvaluated at bid price : 20.60
\nBid-YTW : 7.26 %<\/td>\n<\/tr>\n

NA.PR.E<\/td>\nFixedReset Disc<\/td>\nQuote: 22.05 – 22.99
\nSpot Rate : 0.9400
\nAverage : 0.5679<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-02-12
\nMaturity Price : 21.71
\nEvaluated at bid price : 22.05
\nBid-YTW : 7.01 %<\/td>\n<\/tr>\n

MFC.PR.L<\/td>\nFixedReset Ins Non<\/td>\nQuote: 19.55 – 24.06
\nSpot Rate : 4.5100
\nAverage : 4.1790<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-02-12
\nMaturity Price : 19.55
\nEvaluated at bid price : 19.55
\nBid-YTW : 7.59 %<\/td>\n<\/tr>\n

NA.PR.W<\/td>\nFixedReset Disc<\/td>\nQuote: 18.88 – 19.90
\nSpot Rate : 1.0200
\nAverage : 0.7040<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-02-12
\nMaturity Price : 18.88
\nEvaluated at bid price : 18.88
\nBid-YTW : 7.76 %<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Some cheery news from the Atlanta Fed honcho: Bumpy and slow is how a top Federal Reserve official sees inflation\u2019s trajectory this year. Translation: Don\u2019t get your hopes up for rate cuts in the next …<\/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-46399","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/46399","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=46399"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/46399\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=46399"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=46399"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=46399"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}