{"id":46413,"date":"2024-02-16T21:22:00","date_gmt":"2024-02-17T02:22:00","guid":{"rendered":"https:\/\/prefblog.com\/?p=46413"},"modified":"2024-02-16T21:22:00","modified_gmt":"2024-02-17T02:22:00","slug":"january-16-2024-2","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=46413","title":{"rendered":"February 16, 2024"},"content":{"rendered":"

US PPI came out hotter than expected<\/a> today:<\/p>\n

Wholesale inflation, as measured by the Producer Price Index, rose more than expected in January, adding to a disappointing inflation picture for the month.<\/p>\n

The Producer Price Index rose 0.3% last month, resulting in an annual increase of 0.9%, according to Bureau of Labor Statistics data released Friday. Despite coming in hotter than economists had expected (a projected 0.7% annual gain, according to FactSet), the annual rate is in line with what was seen during the last quarter of 2023.<\/p>\n

When stripping out the food and energy categories, which tend to be volatile, core PPI jumped 0.5% for the month, bringing the yearly increase to 2%, a hotter reading than December\u2019s 1.7%.<\/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>\n0.8511 %<\/td>\n2,290.0<\/td>\n<\/tr>\n
FixedFloater<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.8511 %<\/td>\n4,392.3<\/td>\n<\/tr>\n
Floater<\/td>\n10.63 %<\/td>\n10.93 %<\/td>\n31,495<\/td>\n8.77<\/td>\n2<\/td>\n0.8511 %<\/td>\n2,531.3<\/td>\n<\/tr>\n
OpRet<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.0659 %<\/td>\n3,429.3<\/td>\n<\/tr>\n
SplitShare<\/td>\n4.91 %<\/td>\n7.18 %<\/td>\n48,891<\/td>\n1.89<\/td>\n7<\/td>\n0.0659 %<\/td>\n4,095.3<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.0659 %<\/td>\n3,195.3<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.2385 %<\/td>\n2,643.7<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n6.50 %<\/td>\n6.69 %<\/td>\n45,709<\/td>\n12.95<\/td>\n33<\/td>\n-0.2385 %<\/td>\n2,882.8<\/td>\n<\/tr>\n
FixedReset Disc<\/td>\n5.59 %<\/td>\n7.76 %<\/td>\n114,485<\/td>\n12.03<\/td>\n59<\/td>\n-0.0621 %<\/td>\n2,362.8<\/td>\n<\/tr>\n
Insurance Straight<\/td>\n6.30 %<\/td>\n6.50 %<\/td>\n63,122<\/td>\n13.15<\/td>\n21<\/td>\n-0.0623 %<\/td>\n2,880.5<\/td>\n<\/tr>\n
FloatingReset<\/td>\n10.04 %<\/td>\n10.23 %<\/td>\n34,118<\/td>\n9.32<\/td>\n3<\/td>\n0.4358 %<\/td>\n2,597.0<\/td>\n<\/tr>\n
FixedReset Prem<\/td>\n6.93 %<\/td>\n6.67 %<\/td>\n158,343<\/td>\n3.27<\/td>\n1<\/td>\n0.3960 %<\/td>\n2,519.3<\/td>\n<\/tr>\n
FixedReset Bank Non<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.0621 %<\/td>\n2,415.2<\/td>\n<\/tr>\n
FixedReset Ins Non<\/td>\n5.41 %<\/td>\n7.17 %<\/td>\n84,661<\/td>\n12.40<\/td>\n14<\/td>\n0.2914 %<\/td>\n2,624.8<\/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
Performance Highlights<\/strong><\/td>\n<\/tr>\n
Issue<\/td>\nIndex<\/td>\nChange<\/td>\nNotes<\/td>\n<\/tr>\n
BN.PF.I<\/td>\nFixedReset Disc<\/td>\n-3.38 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-02-16
\nMaturity Price : 20.00
\nEvaluated at bid price : 20.00
\nBid-YTW : 8.96 %<\/td>\n<\/tr>\n
BN.PR.M<\/td>\nPerpetual-Discount<\/td>\n-2.35 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-02-16
\nMaturity Price : 17.49
\nEvaluated at bid price : 17.49
\nBid-YTW : 6.92 %<\/td>\n<\/tr>\n
GWO.PR.Y<\/td>\nInsurance Straight<\/td>\n-2.22 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-02-16
\nMaturity Price : 17.60
\nEvaluated at bid price : 17.60
\nBid-YTW : 6.51 %<\/td>\n<\/tr>\n
CM.PR.P<\/td>\nFixedReset Disc<\/td>\n-1.50 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-02-16
\nMaturity Price : 18.40
\nEvaluated at bid price : 18.40
\nBid-YTW : 7.94 %<\/td>\n<\/tr>\n
TD.PF.C<\/td>\nFixedReset Disc<\/td>\n-1.46 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-02-16
\nMaturity Price : 19.51
\nEvaluated at bid price : 19.51
\nBid-YTW : 7.55 %<\/td>\n<\/tr>\n
PWF.PR.Z<\/td>\nPerpetual-Discount<\/td>\n-1.34 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-02-16
\nMaturity Price : 19.19
\nEvaluated at bid price : 19.19
\nBid-YTW : 6.79 %<\/td>\n<\/tr>\n
PWF.PR.O<\/td>\nPerpetual-Discount<\/td>\n-1.33 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-02-16
\nMaturity Price : 21.51
\nEvaluated at bid price : 21.51
\nBid-YTW : 6.82 %<\/td>\n<\/tr>\n
BN.PR.B<\/td>\nFloater<\/td>\n-1.25 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-02-16
\nMaturity Price : 11.85
\nEvaluated at bid price : 11.85
\nBid-YTW : 10.93 %<\/td>\n<\/tr>\n
MFC.PR.B<\/td>\nInsurance Straight<\/td>\n-1.18 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-02-16
\nMaturity Price : 19.32
\nEvaluated at bid price : 19.32
\nBid-YTW : 6.13 %<\/td>\n<\/tr>\n
RY.PR.S<\/td>\nFixedReset Disc<\/td>\n-1.11 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-02-16
\nMaturity Price : 21.81
\nEvaluated at bid price : 22.25
\nBid-YTW : 6.84 %<\/td>\n<\/tr>\n
PWF.PR.G<\/td>\nPerpetual-Discount<\/td>\n-1.11 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-02-16
\nMaturity Price : 22.06
\nEvaluated at bid price : 22.35
\nBid-YTW : 6.66 %<\/td>\n<\/tr>\n
BN.PF.E<\/td>\nFixedReset Disc<\/td>\n-1.04 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-02-16
\nMaturity Price : 16.25
\nEvaluated at bid price : 16.25
\nBid-YTW : 9.44 %<\/td>\n<\/tr>\n
FFH.PR.M<\/td>\nFixedReset Disc<\/td>\n1.11 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-02-16
\nMaturity Price : 22.34
\nEvaluated at bid price : 22.80
\nBid-YTW : 8.32 %<\/td>\n<\/tr>\n
FFH.PR.I<\/td>\nFixedReset Disc<\/td>\n1.17 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-02-16
\nMaturity Price : 17.30
\nEvaluated at bid price : 17.30
\nBid-YTW : 8.94 %<\/td>\n<\/tr>\n
FFH.PR.K<\/td>\nFixedReset Disc<\/td>\n1.29 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-02-16
\nMaturity Price : 19.70
\nEvaluated at bid price : 19.70
\nBid-YTW : 8.66 %<\/td>\n<\/tr>\n
POW.PR.D<\/td>\nPerpetual-Discount<\/td>\n1.30 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-02-16
\nMaturity Price : 19.45
\nEvaluated at bid price : 19.45
\nBid-YTW : 6.52 %<\/td>\n<\/tr>\n
IFC.PR.E<\/td>\nInsurance Straight<\/td>\n1.47 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-02-16
\nMaturity Price : 20.70
\nEvaluated at bid price : 20.70
\nBid-YTW : 6.39 %<\/td>\n<\/tr>\n
TD.PF.B<\/td>\nFixedReset Disc<\/td>\n1.65 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-02-16
\nMaturity Price : 21.50
\nEvaluated at bid price : 21.50
\nBid-YTW : 6.96 %<\/td>\n<\/tr>\n
CU.PR.H<\/td>\nPerpetual-Discount<\/td>\n1.66 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-02-16
\nMaturity Price : 20.80
\nEvaluated at bid price : 20.80
\nBid-YTW : 6.34 %<\/td>\n<\/tr>\n
IFC.PR.A<\/td>\nFixedReset Ins Non<\/td>\n1.70 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-02-16
\nMaturity Price : 19.17
\nEvaluated at bid price : 19.17
\nBid-YTW : 6.99 %<\/td>\n<\/tr>\n
BN.PR.K<\/td>\nFloater<\/td>\n3.04 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-02-16
\nMaturity Price : 11.85
\nEvaluated at bid price : 11.85
\nBid-YTW : 10.93 %<\/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
CM.PR.P<\/td>\nFixedReset Disc<\/td>\n50,300<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-02-16
\nMaturity Price : 18.40
\nEvaluated at bid price : 18.40
\nBid-YTW : 7.94 %<\/td>\n<\/tr>\n
IFC.PR.A<\/td>\nFixedReset Ins Non<\/td>\n49,241<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-02-16
\nMaturity Price : 19.17
\nEvaluated at bid price : 19.17
\nBid-YTW : 6.99 %<\/td>\n<\/tr>\n
RY.PR.M<\/td>\nFixedReset Disc<\/td>\n15,800<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-02-16
\nMaturity Price : 19.10
\nEvaluated at bid price : 19.10
\nBid-YTW : 7.79 %<\/td>\n<\/tr>\n
NA.PR.S<\/td>\nFixedReset Disc<\/td>\n14,130<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-02-16
\nMaturity Price : 20.88
\nEvaluated at bid price : 20.88
\nBid-YTW : 7.36 %<\/td>\n<\/tr>\n
RY.PR.H<\/td>\nFixedReset Disc<\/td>\n10,785<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-02-16
\nMaturity Price : 20.05
\nEvaluated at bid price : 20.05
\nBid-YTW : 7.41 %<\/td>\n<\/tr>\n
POW.PR.D<\/td>\nPerpetual-Discount<\/td>\n10,400<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-02-16
\nMaturity Price : 19.45
\nEvaluated at bid price : 19.45
\nBid-YTW : 6.52 %<\/td>\n<\/tr>\n
There were 2 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
IFC.PR.K<\/td>\nInsurance Straight<\/td>\nQuote: 20.90 – 25.15
\nSpot Rate : 4.2500
\nAverage : 2.3323<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-02-16
\nMaturity Price : 20.90
\nEvaluated at bid price : 20.90
\nBid-YTW : 6.39 %<\/td>\n<\/tr>\n

IFC.PR.I<\/td>\nInsurance Straight<\/td>\nQuote: 21.45 – 23.25
\nSpot Rate : 1.8000
\nAverage : 1.1652<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-02-16
\nMaturity Price : 21.45
\nEvaluated at bid price : 21.45
\nBid-YTW : 6.40 %<\/td>\n<\/tr>\n

MFC.PR.I<\/td>\nFixedReset Ins Non<\/td>\nQuote: 22.75 – 23.89
\nSpot Rate : 1.1400
\nAverage : 0.6548<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-02-16
\nMaturity Price : 22.22
\nEvaluated at bid price : 22.75
\nBid-YTW : 7.17 %<\/td>\n<\/tr>\n

BN.PF.F<\/td>\nFixedReset Disc<\/td>\nQuote: 18.90 – 20.00
\nSpot Rate : 1.1000
\nAverage : 0.6506<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-02-16
\nMaturity Price : 18.90
\nEvaluated at bid price : 18.90
\nBid-YTW : 8.71 %<\/td>\n<\/tr>\n

BN.PR.M<\/td>\nPerpetual-Discount<\/td>\nQuote: 17.49 – 18.75
\nSpot Rate : 1.2600
\nAverage : 0.9004<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-02-16
\nMaturity Price : 17.49
\nEvaluated at bid price : 17.49
\nBid-YTW : 6.92 %<\/td>\n<\/tr>\n

FTS.PR.F<\/td>\nPerpetual-Discount<\/td>\nQuote: 20.23 – 21.00
\nSpot Rate : 0.7700
\nAverage : 0.4935<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-02-16
\nMaturity Price : 20.23
\nEvaluated at bid price : 20.23
\nBid-YTW : 6.08 %<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

US PPI came out hotter than expected today: Wholesale inflation, as measured by the Producer Price Index, rose more than expected in January, adding to a disappointing inflation picture for the month. The Producer Price …<\/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-46413","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/46413","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=46413"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/46413\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=46413"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=46413"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=46413"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}