{"id":47090,"date":"2024-07-19T21:34:01","date_gmt":"2024-07-20T02:34:01","guid":{"rendered":"https:\/\/prefblog.com\/?p=47090"},"modified":"2024-07-19T21:34:01","modified_gmt":"2024-07-20T02:34:01","slug":"july-19-2024","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=47090","title":{"rendered":"July 19, 2024"},"content":{"rendered":"

A day enlivened by the CrowdStrike-Microsoft Outage<\/a>:<\/p>\n

Wall Street\u2019s main indexes fell on Friday, deepening a sell-off driven by tech stocks and mixed earnings, while investors assessed the impact of a global cyber outage that knocked down CrowdStrike\u2019s shares to an over two-month low.<\/p>\n

Cybersecurity firm CrowdStrike slumped 11.2 per cent after an update to one of its products appeared to trigger an outage that affected customers using Microsoft\u2019s Windows Operating System, disrupting businesses across sectors.<\/p>\n

Major U.S. airlines ordered ground stops citing communication issues, with the Euronext exchange and London Stock Exchange Group\u2019s Workspace news and data platform also facing issues. LSEG later said its data and services were back online.<\/p>\n

Microsoft slipped 0.7 per cent to an over one-month low, on track for a four-day decline, driven by a rout in tech stocks.<\/p><\/blockquote>\n

I’m beginning to think that legislation making software providers with a market share greater than X liable for screw-ups via class actions would be a good idea. Cap the potential liability because otherwise nobody in their right mind would write software, but, by golly, make it hurt! They won’t notice, otherwise.<\/p>\n

The culture of not caring about the quality of one’s work is becoming pervasive. I believe it’s related to the growing lack of trust in institutions, but I’ll have to wait until I’m reincarnated with a new career to look into that one properly.<\/p>\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-0.3057 %<\/td>\n2,177.0<\/td>\n<\/tr>\n
FixedFloater<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.3057 %<\/td>\n4,175.6<\/td>\n<\/tr>\n
Floater<\/td>\n10.65 %<\/td>\n10.85 %<\/td>\n24,540<\/td>\n8.90<\/td>\n2<\/td>\n-0.3057 %<\/td>\n2,406.4<\/td>\n<\/tr>\n
OpRet<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.1573 %<\/td>\n3,510.9<\/td>\n<\/tr>\n
SplitShare<\/td>\n4.76 %<\/td>\n6.59 %<\/td>\n30,697<\/td>\n1.23<\/td>\n6<\/td>\n0.1573 %<\/td>\n4,192.8<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.1573 %<\/td>\n3,271.4<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.1985 %<\/td>\n2,719.8<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n6.33 %<\/td>\n6.47 %<\/td>\n58,053<\/td>\n13.25<\/td>\n28<\/td>\n-0.1985 %<\/td>\n2,965.8<\/td>\n<\/tr>\n
FixedReset Disc<\/td>\n5.13 %<\/td>\n7.02 %<\/td>\n113,749<\/td>\n12.50<\/td>\n49<\/td>\n-0.3038 %<\/td>\n2,635.7<\/td>\n<\/tr>\n
Insurance Straight<\/td>\n6.07 %<\/td>\n6.35 %<\/td>\n65,337<\/td>\n13.40<\/td>\n21<\/td>\n0.0746 %<\/td>\n2,940.5<\/td>\n<\/tr>\n
FloatingReset<\/td>\n9.15 %<\/td>\n8.90 %<\/td>\n28,756<\/td>\n10.47<\/td>\n4<\/td>\n0.2176 %<\/td>\n2,800.0<\/td>\n<\/tr>\n
FixedReset Prem<\/td>\n5.82 %<\/td>\n6.24 %<\/td>\n248,601<\/td>\n2.96<\/td>\n8<\/td>\n0.1038 %<\/td>\n2,537.7<\/td>\n<\/tr>\n
FixedReset Bank Non<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.3038 %<\/td>\n2,694.2<\/td>\n<\/tr>\n
FixedReset Ins Non<\/td>\n5.27 %<\/td>\n6.64 %<\/td>\n89,761<\/td>\n13.07<\/td>\n14<\/td>\n-0.7624 %<\/td>\n2,789.3<\/td>\n<\/tr>\n<\/table>\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.E<\/td>\nFixedReset Disc<\/td>\n-7.69 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-07-19
\nMaturity Price : 17.40
\nEvaluated at bid price : 17.40
\nBid-YTW : 8.46 %<\/td>\n<\/tr>\n
MFC.PR.Q<\/td>\nFixedReset Ins Non<\/td>\n-5.34 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-07-19
\nMaturity Price : 21.80
\nEvaluated at bid price : 22.15
\nBid-YTW : 6.80 %<\/td>\n<\/tr>\n
PWF.PR.L<\/td>\nPerpetual-Discount<\/td>\n-4.24 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-07-19
\nMaturity Price : 18.95
\nEvaluated at bid price : 18.95
\nBid-YTW : 6.77 %<\/td>\n<\/tr>\n
MFC.PR.F<\/td>\nFixedReset Ins Non<\/td>\n-4.04 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-07-19
\nMaturity Price : 16.40
\nEvaluated at bid price : 16.40
\nBid-YTW : 6.90 %<\/td>\n<\/tr>\n
BN.PR.Z<\/td>\nFixedReset Disc<\/td>\n-3.31 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-07-19
\nMaturity Price : 20.48
\nEvaluated at bid price : 20.48
\nBid-YTW : 7.79 %<\/td>\n<\/tr>\n
SLF.PR.G<\/td>\nFixedReset Ins Non<\/td>\n-2.63 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-07-19
\nMaturity Price : 16.65
\nEvaluated at bid price : 16.65
\nBid-YTW : 6.98 %<\/td>\n<\/tr>\n
BN.PF.H<\/td>\nFixedReset Disc<\/td>\n-2.48 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-07-19
\nMaturity Price : 23.16
\nEvaluated at bid price : 23.60
\nBid-YTW : 7.79 %<\/td>\n<\/tr>\n
BIP.PR.A<\/td>\nFixedReset Disc<\/td>\n-2.28 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-07-19
\nMaturity Price : 21.83
\nEvaluated at bid price : 22.33
\nBid-YTW : 7.62 %<\/td>\n<\/tr>\n
BN.PF.D<\/td>\nPerpetual-Discount<\/td>\n-1.40 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-07-19
\nMaturity Price : 18.29
\nEvaluated at bid price : 18.29
\nBid-YTW : 6.78 %<\/td>\n<\/tr>\n
BIP.PR.B<\/td>\nFixedReset Disc<\/td>\n-1.22 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-07-19
\nMaturity Price : 23.86
\nEvaluated at bid price : 24.25
\nBid-YTW : 7.98 %<\/td>\n<\/tr>\n
BIK.PR.A<\/td>\nFixedReset Prem<\/td>\n1.54 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2029-04-01
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.65
\nBid-YTW : 6.97 %<\/td>\n<\/tr>\n
FTS.PR.H<\/td>\nFixedReset Disc<\/td>\n1.60 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-07-19
\nMaturity Price : 15.25
\nEvaluated at bid price : 15.25
\nBid-YTW : 7.72 %<\/td>\n<\/tr>\n
IFC.PR.A<\/td>\nFixedReset Ins Non<\/td>\n1.64 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-07-19
\nMaturity Price : 19.20
\nEvaluated at bid price : 19.20
\nBid-YTW : 6.67 %<\/td>\n<\/tr>\n
PVS.PR.K<\/td>\nSplitShare<\/td>\n2.28 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2029-05-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 23.80
\nBid-YTW : 5.75 %<\/td>\n<\/tr>\n<\/table>\n\n\n\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
BMO.PR.T<\/td>\nFixedReset Disc<\/td>\n326,366<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-07-19
\nMaturity Price : 23.61
\nEvaluated at bid price : 24.76
\nBid-YTW : 5.71 %<\/td>\n<\/tr>\n
PWF.PR.Z<\/td>\nPerpetual-Discount<\/td>\n301,734<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-07-19
\nMaturity Price : 20.10
\nEvaluated at bid price : 20.10
\nBid-YTW : 6.44 %<\/td>\n<\/tr>\n
BN.PF.E<\/td>\nFixedReset Disc<\/td>\n240,459<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-07-19
\nMaturity Price : 17.40
\nEvaluated at bid price : 17.40
\nBid-YTW : 8.46 %<\/td>\n<\/tr>\n
CU.PR.E<\/td>\nPerpetual-Discount<\/td>\n199,735<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-07-19
\nMaturity Price : 19.30
\nEvaluated at bid price : 19.30
\nBid-YTW : 6.46 %<\/td>\n<\/tr>\n
RY.PR.N<\/td>\nPerpetual-Discount<\/td>\n191,578<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-07-19
\nMaturity Price : 23.97
\nEvaluated at bid price : 24.25
\nBid-YTW : 5.12 %<\/td>\n<\/tr>\n
SLF.PR.G<\/td>\nFixedReset Ins Non<\/td>\n190,686<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-07-19
\nMaturity Price : 16.65
\nEvaluated at bid price : 16.65
\nBid-YTW : 6.98 %<\/td>\n<\/tr>\n
IFC.PR.F<\/td>\nInsurance Straight<\/td>\n187,834<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-07-19
\nMaturity Price : 22.14
\nEvaluated at bid price : 22.14
\nBid-YTW : 6.05 %<\/td>\n<\/tr>\n
MFC.PR.F<\/td>\nFixedReset Ins Non<\/td>\n178,024<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-07-19
\nMaturity Price : 16.40
\nEvaluated at bid price : 16.40
\nBid-YTW : 6.90 %<\/td>\n<\/tr>\n
BIP.PR.A<\/td>\nFixedReset Disc<\/td>\n154,872<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-07-19
\nMaturity Price : 21.83
\nEvaluated at bid price : 22.33
\nBid-YTW : 7.62 %<\/td>\n<\/tr>\n
There were 21 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
BN.PF.E<\/td>\nFixedReset Disc<\/td>\nQuote: 17.40 – 19.25
\nSpot Rate : 1.8500
\nAverage : 1.1172<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-07-19
\nMaturity Price : 17.40
\nEvaluated at bid price : 17.40
\nBid-YTW : 8.46 %<\/td>\n<\/tr>\n

PWF.PR.L<\/td>\nPerpetual-Discount<\/td>\nQuote: 18.95 – 20.50
\nSpot Rate : 1.5500
\nAverage : 0.8658<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-07-19
\nMaturity Price : 18.95
\nEvaluated at bid price : 18.95
\nBid-YTW : 6.77 %<\/td>\n<\/tr>\n

MFC.PR.Q<\/td>\nFixedReset Ins Non<\/td>\nQuote: 22.15 – 24.00
\nSpot Rate : 1.8500
\nAverage : 1.2409<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-07-19
\nMaturity Price : 21.80
\nEvaluated at bid price : 22.15
\nBid-YTW : 6.80 %<\/td>\n<\/tr>\n

IFC.PR.C<\/td>\nFixedReset Ins Non<\/td>\nQuote: 20.92 – 22.25
\nSpot Rate : 1.3300
\nAverage : 0.7708<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-07-19
\nMaturity Price : 20.92
\nEvaluated at bid price : 20.92
\nBid-YTW : 6.83 %<\/td>\n<\/tr>\n

IFC.PR.E<\/td>\nInsurance Straight<\/td>\nQuote: 21.55 – 23.22
\nSpot Rate : 1.6700
\nAverage : 1.2408<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-07-19
\nMaturity Price : 21.55
\nEvaluated at bid price : 21.55
\nBid-YTW : 6.10 %<\/td>\n<\/tr>\n

CU.PR.C<\/td>\nFixedReset Disc<\/td>\nQuote: 20.70 – 21.88
\nSpot Rate : 1.1800
\nAverage : 0.8193<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2054-07-19
\nMaturity Price : 20.70
\nEvaluated at bid price : 20.70
\nBid-YTW : 6.99 %<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

A day enlivened by the CrowdStrike-Microsoft Outage: Wall Street\u2019s main indexes fell on Friday, deepening a sell-off driven by tech stocks and mixed earnings, while investors assessed the impact of a global cyber outage that …<\/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-47090","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/47090","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=47090"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/47090\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=47090"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=47090"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=47090"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}