{"id":47045,"date":"2024-07-08T21:15:35","date_gmt":"2024-07-09T02:15:35","guid":{"rendered":"https:\/\/prefblog.com\/?p=47045"},"modified":"2024-07-08T21:15:35","modified_gmt":"2024-07-09T02:15:35","slug":"july-8-2024","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=47045","title":{"rendered":"July 8, 2024"},"content":{"rendered":"

My generation’s epitaph will be “well, we didn’t raise taxes!<\/a>“:<\/p>\n

\nSet atop a hill on the Italian island of Sicily, Agrigento is a heritage tourist\u2019s paradise. Beneath the archaeological structures and relics of its Valley of the Temples lies an ancient maze-like aqueduct system that still captures water today.<\/p>\n

But the aqueduct, and others built in modern times, are running so dry that small hotels and guesthouses in the city and nearby coast are being forced to turn tourists away. They don\u2019t have enough water to guarantee their guests a toilet that flushes or a shower after a day out in the summer heat.
…<\/b>
Francesco Picarella, head of Agrigento\u2019s Hotel Federation, who also owns a hotel in the city center, says years of ineffective governance have made things worse. There has been talk of rebuilding the water network since 2011, but little progress has been made, he said.<\/p>\n

\u201cToday\u2019s problem is the result of a failed water management policy that has been going on for 20 years,\u201d he said. \u201cThe hotels that have their own reserves somehow compensate; the B&Bs in the historic center are in extreme difficulty.\u201d<\/p>\n

He said that the reservoirs are drying up because of lack of rain but also leaks.<\/p>\n

In response to CNN\u2019s request for comment, the Sicilian regional government\u2019s office pointed to a study that outlined government plans to drill new wells, build more pipelines and bring aging desalination plants back online. The report also says Sicily has not received enough funds from Rome to carry out its plans.<\/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-0.7036 %<\/td>\n2,153.2<\/td>\n<\/tr>\n
FixedFloater<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.7036 %<\/td>\n4,129.8<\/td>\n<\/tr>\n
Floater<\/td>\n10.77 %<\/td>\n10.93 %<\/td>\n81,485<\/td>\n8.87<\/td>\n2<\/td>\n-0.7036 %<\/td>\n2,380.0<\/td>\n<\/tr>\n
OpRet<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.5446 %<\/td>\n3,496.0<\/td>\n<\/tr>\n
SplitShare<\/td>\n4.78 %<\/td>\n6.58 %<\/td>\n29,979<\/td>\n1.26<\/td>\n6<\/td>\n0.5446 %<\/td>\n4,175.0<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.5446 %<\/td>\n3,257.5<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.5027 %<\/td>\n2,708.6<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n6.35 %<\/td>\n6.55 %<\/td>\n52,551<\/td>\n13.07<\/td>\n28<\/td>\n0.5027 %<\/td>\n2,953.6<\/td>\n<\/tr>\n
FixedReset Disc<\/td>\n5.15 %<\/td>\n6.86 %<\/td>\n110,419<\/td>\n12.46<\/td>\n49<\/td>\n0.2163 %<\/td>\n2,624.9<\/td>\n<\/tr>\n
Insurance Straight<\/td>\n6.17 %<\/td>\n6.41 %<\/td>\n61,796<\/td>\n13.34<\/td>\n21<\/td>\n0.0260 %<\/td>\n2,895.0<\/td>\n<\/tr>\n
FloatingReset<\/td>\n9.29 %<\/td>\n9.22 %<\/td>\n32,511<\/td>\n10.22<\/td>\n4<\/td>\n0.2070 %<\/td>\n2,769.6<\/td>\n<\/tr>\n
FixedReset Prem<\/td>\n5.80 %<\/td>\n6.17 %<\/td>\n245,693<\/td>\n3.96<\/td>\n8<\/td>\n-0.1426 %<\/td>\n2,545.5<\/td>\n<\/tr>\n
FixedReset Bank Non<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.2163 %<\/td>\n2,683.1<\/td>\n<\/tr>\n
FixedReset Ins Non<\/td>\n5.10 %<\/td>\n6.73 %<\/td>\n99,463<\/td>\n13.10<\/td>\n14<\/td>\n-0.3794 %<\/td>\n2,787.7<\/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
Performance Highlights<\/strong><\/td>\n<\/tr>\n
Issue<\/td>\nIndex<\/td>\nChange<\/td>\nNotes<\/td>\n<\/tr>\n
IFC.PR.A<\/td>\nFixedReset Ins Non<\/td>\n-6.03 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-07-08
\nMaturity Price : 17.62
\nEvaluated at bid price : 17.62
\nBid-YTW : 7.34 %<\/td>\n<\/tr>\n
SLF.PR.H<\/td>\nFixedReset Ins Non<\/td>\n-2.29 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-07-08
\nMaturity Price : 18.81
\nEvaluated at bid price : 18.81
\nBid-YTW : 7.01 %<\/td>\n<\/tr>\n
CM.PR.Q<\/td>\nFixedReset Disc<\/td>\n-1.79 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-07-08
\nMaturity Price : 22.59
\nEvaluated at bid price : 23.10
\nBid-YTW : 6.55 %<\/td>\n<\/tr>\n
IFC.PR.E<\/td>\nInsurance Straight<\/td>\n-1.45 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-07-08
\nMaturity Price : 20.35
\nEvaluated at bid price : 20.35
\nBid-YTW : 6.45 %<\/td>\n<\/tr>\n
BN.PR.K<\/td>\nFloater<\/td>\n-1.23 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-07-08
\nMaturity Price : 11.28
\nEvaluated at bid price : 11.28
\nBid-YTW : 10.95 %<\/td>\n<\/tr>\n
PVS.PR.H<\/td>\nSplitShare<\/td>\n-1.03 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2027-02-28
\nMaturity Price : 25.00
\nEvaluated at bid price : 24.00
\nBid-YTW : 6.58 %<\/td>\n<\/tr>\n
NA.PR.C<\/td>\nFixedReset Prem<\/td>\n1.01 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2027-11-15
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.42
\nBid-YTW : 6.28 %<\/td>\n<\/tr>\n
GWO.PR.N<\/td>\nFixedReset Ins Non<\/td>\n1.03 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-07-08
\nMaturity Price : 14.75
\nEvaluated at bid price : 14.75
\nBid-YTW : 7.59 %<\/td>\n<\/tr>\n
NA.PR.G<\/td>\nFixedReset Prem<\/td>\n1.14 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-07-08
\nMaturity Price : 23.34
\nEvaluated at bid price : 25.40
\nBid-YTW : 6.28 %<\/td>\n<\/tr>\n
CU.PR.G<\/td>\nPerpetual-Discount<\/td>\n1.14 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-07-08
\nMaturity Price : 17.75
\nEvaluated at bid price : 17.75
\nBid-YTW : 6.44 %<\/td>\n<\/tr>\n
FTS.PR.J<\/td>\nPerpetual-Discount<\/td>\n1.20 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-07-08
\nMaturity Price : 19.33
\nEvaluated at bid price : 19.33
\nBid-YTW : 6.24 %<\/td>\n<\/tr>\n
PWF.PR.O<\/td>\nPerpetual-Discount<\/td>\n1.49 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-07-08
\nMaturity Price : 22.15
\nEvaluated at bid price : 22.43
\nBid-YTW : 6.60 %<\/td>\n<\/tr>\n
CU.PR.C<\/td>\nFixedReset Disc<\/td>\n1.50 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-07-08
\nMaturity Price : 20.91
\nEvaluated at bid price : 20.91
\nBid-YTW : 6.98 %<\/td>\n<\/tr>\n
PVS.PR.K<\/td>\nSplitShare<\/td>\n1.77 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2029-05-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 23.51
\nBid-YTW : 6.00 %<\/td>\n<\/tr>\n
TD.PF.D<\/td>\nFixedReset Disc<\/td>\n2.08 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-07-08
\nMaturity Price : 23.48
\nEvaluated at bid price : 24.00
\nBid-YTW : 6.37 %<\/td>\n<\/tr>\n
PVS.PR.J<\/td>\nSplitShare<\/td>\n2.16 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2028-02-29
\nMaturity Price : 25.00
\nEvaluated at bid price : 23.70
\nBid-YTW : 6.16 %<\/td>\n<\/tr>\n
PWF.PR.G<\/td>\nPerpetual-Discount<\/td>\n2.23 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-07-08
\nMaturity Price : 22.66
\nEvaluated at bid price : 22.90
\nBid-YTW : 6.57 %<\/td>\n<\/tr>\n
CU.PR.I<\/td>\nFixedReset Disc<\/td>\n3.82 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-07-08
\nMaturity Price : 22.66
\nEvaluated at bid price : 23.10
\nBid-YTW : 7.54 %<\/td>\n<\/tr>\n
PWF.PR.L<\/td>\nPerpetual-Discount<\/td>\n4.36 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-07-08
\nMaturity Price : 19.85
\nEvaluated at bid price : 19.85
\nBid-YTW : 6.57 %<\/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.O<\/td>\nFixedReset Disc<\/td>\n123,400<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-07-08
\nMaturity Price : 23.98
\nEvaluated at bid price : 24.92
\nBid-YTW : 5.80 %<\/td>\n<\/tr>\n
PWF.PR.Z<\/td>\nPerpetual-Discount<\/td>\n98,900<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-07-08
\nMaturity Price : 20.35
\nEvaluated at bid price : 20.35
\nBid-YTW : 6.47 %<\/td>\n<\/tr>\n
TD.PF.I<\/td>\nFixedReset Prem<\/td>\n88,500<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2027-10-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.70
\nBid-YTW : 5.28 %<\/td>\n<\/tr>\n
BN.PF.C<\/td>\nPerpetual-Discount<\/td>\n61,011<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-07-08
\nMaturity Price : 18.05
\nEvaluated at bid price : 18.05
\nBid-YTW : 6.78 %<\/td>\n<\/tr>\n
RY.PR.N<\/td>\nPerpetual-Discount<\/td>\n60,001<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-07-08
\nMaturity Price : 24.00
\nEvaluated at bid price : 24.30
\nBid-YTW : 5.10 %<\/td>\n<\/tr>\n
GWO.PR.Y<\/td>\nInsurance Straight<\/td>\n59,760<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-07-08
\nMaturity Price : 17.78
\nEvaluated at bid price : 17.78
\nBid-YTW : 6.39 %<\/td>\n<\/tr>\n
There were 20 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.A<\/td>\nFixedReset Ins Non<\/td>\nQuote: 17.62 – 19.40
\nSpot Rate : 1.7800
\nAverage : 1.1936<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-07-08
\nMaturity Price : 17.62
\nEvaluated at bid price : 17.62
\nBid-YTW : 7.34 %<\/td>\n<\/tr>\n

PWF.PR.P<\/td>\nFixedReset Disc<\/td>\nQuote: 14.08 – 15.68
\nSpot Rate : 1.6000
\nAverage : 1.3558<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-07-08
\nMaturity Price : 14.08
\nEvaluated at bid price : 14.08
\nBid-YTW : 8.46 %<\/td>\n<\/tr>\n

BN.PF.H<\/td>\nFixedReset Disc<\/td>\nQuote: 24.40 – 24.90
\nSpot Rate : 0.5000
\nAverage : 0.3172<\/p>\n

YTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2025-12-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 24.40
\nBid-YTW : 6.84 %<\/td>\n<\/tr>\n

BN.PR.R<\/td>\nFixedReset Disc<\/td>\nQuote: 16.53 – 17.50
\nSpot Rate : 0.9700
\nAverage : 0.7969<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-07-08
\nMaturity Price : 16.53
\nEvaluated at bid price : 16.53
\nBid-YTW : 8.22 %<\/td>\n<\/tr>\n

CM.PR.Q<\/td>\nFixedReset Disc<\/td>\nQuote: 23.10 – 23.94
\nSpot Rate : 0.8400
\nAverage : 0.6691<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-07-08
\nMaturity Price : 22.59
\nEvaluated at bid price : 23.10
\nBid-YTW : 6.55 %<\/td>\n<\/tr>\n

IFC.PR.E<\/td>\nInsurance Straight<\/td>\nQuote: 20.35 – 21.52
\nSpot Rate : 1.1700
\nAverage : 1.0069<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-07-08
\nMaturity Price : 20.35
\nEvaluated at bid price : 20.35
\nBid-YTW : 6.45 %<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

My generation’s epitaph will be “well, we didn’t raise taxes!“: Set atop a hill on the Italian island of Sicily, Agrigento is a heritage tourist\u2019s paradise. Beneath the archaeological structures and relics of its Valley …<\/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-47045","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/47045","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=47045"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/47045\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=47045"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=47045"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=47045"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}