{"id":49127,"date":"2025-08-07T19:12:26","date_gmt":"2025-08-07T23:12:26","guid":{"rendered":"https:\/\/prefblog.com\/?p=49127"},"modified":"2025-08-07T19:13:12","modified_gmt":"2025-08-07T23:13:12","slug":"august-7-2025","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=49127","title":{"rendered":"August 7, 2025"},"content":{"rendered":"

Today’s Survey of Consumer Expectations<\/a> shows assertions of slowing inflation are not universally accepted:<\/p>\n

July Survey: Inflation Expectations Up at Short- and Longer-Term Horizons, Unchanged at Medium-Term<\/b><\/p>\n

Median inflation expectations increased to 3.1 percent from 3.0 percent at the one-year-ahead horizon and to 2.9 percent from 2.6 percent at the five-year-ahead horizon. Expectations remained steady at 3.0 percent at the three-year-ahead horizon.<\/p>\n

Households\u2019 perceptions about their current financial situation compared to a year ago and expectations about their year-ahead financial situation both improved. Smaller shares of respondents reported that their households are worse off than a year ago or are expecting to be worse off a year from now.<\/p>\n

The mean expected probability that the U.S. unemployment rate will be higher one year from now dropped 2.3 percentage points (ppt) to 37.4 percent, the lowest reading since January 2025. However, the mean perceived probability of losing one\u2019s job in the next twelve months increased by 0.4 ppt to 14.4 percent.<\/p>\n

Perceptions of credit access compared to a year ago deteriorated slightly, with the net share of households reporting that it is easier versus harder to get credit decreasing. Conversely, expectations for future credit availability improved, with the net share of respondents expecting it to be easier versus harder to obtain credit a year from now increasing slightly.<\/p>\n

For more details:
\nPress Release: Inflation Expectations Tick Up; Consumers More Optimistic about Taxes and Their Financial Situations<\/a><\/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>\n6.92 %<\/td>\n7.37 %<\/td>\n35,841<\/td>\n13.06<\/td>\n1<\/td>\n-0.3115 %<\/td>\n2,391.0<\/td>\n<\/tr>\n
FixedFloater<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.2029 %<\/td>\n4,599.7<\/td>\n<\/tr>\n
Floater<\/td>\n6.61 %<\/td>\n6.90 %<\/td>\n42,093<\/td>\n12.64<\/td>\n3<\/td>\n-0.2029 %<\/td>\n2,650.8<\/td>\n<\/tr>\n
OpRet<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.1232 %<\/td>\n3,682.3<\/td>\n<\/tr>\n
SplitShare<\/td>\n4.75 %<\/td>\n4.23 %<\/td>\n48,844<\/td>\n2.40<\/td>\n7<\/td>\n-0.1232 %<\/td>\n4,397.4<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.1232 %<\/td>\n3,431.0<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.83 %<\/td>\n-2.43 %<\/td>\n115,218<\/td>\n0.08<\/td>\n2<\/td>\n0.1596 %<\/td>\n3,058.7<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n5.61 %<\/td>\n5.74 %<\/td>\n43,436<\/td>\n14.27<\/td>\n30<\/td>\n-0.1724 %<\/td>\n3,335.5<\/td>\n<\/tr>\n
FixedReset Disc<\/td>\n5.62 %<\/td>\n6.18 %<\/td>\n115,318<\/td>\n13.30<\/td>\n37<\/td>\n-0.6049 %<\/td>\n3,023.0<\/td>\n<\/tr>\n
Insurance Straight<\/td>\n5.50 %<\/td>\n5.61 %<\/td>\n61,177<\/td>\n14.45<\/td>\n18<\/td>\n1.3491 %<\/td>\n3,285.5<\/td>\n<\/tr>\n
FloatingReset<\/td>\n5.28 %<\/td>\n5.33 %<\/td>\n35,978<\/td>\n14.88<\/td>\n1<\/td>\n0.0808 %<\/td>\n3,735.6<\/td>\n<\/tr>\n
FixedReset Prem<\/td>\n5.88 %<\/td>\n5.05 %<\/td>\n116,055<\/td>\n2.55<\/td>\n17<\/td>\n-0.2253 %<\/td>\n2,629.4<\/td>\n<\/tr>\n
FixedReset Bank Non<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.6049 %<\/td>\n3,090.1<\/td>\n<\/tr>\n
FixedReset Ins Non<\/td>\n5.31 %<\/td>\n5.62 %<\/td>\n72,376<\/td>\n14.18<\/td>\n15<\/td>\n-1.6716 %<\/td>\n3,015.8<\/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\n
Performance Highlights<\/strong><\/td>\n<\/tr>\n
Issue<\/td>\nIndex<\/td>\nChange<\/td>\nNotes<\/td>\n<\/tr>\n
GWO.PR.N<\/td>\nFixedReset Ins Non<\/td>\n-15.98 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-08-07
\nMaturity Price : 15.46
\nEvaluated at bid price : 15.46
\nBid-YTW : 6.81 %<\/td>\n<\/tr>\n
MFC.PR.Q<\/td>\nFixedReset Ins Non<\/td>\n-9.45 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-08-07
\nMaturity Price : 22.45
\nEvaluated at bid price : 23.00
\nBid-YTW : 6.14 %<\/td>\n<\/tr>\n
BN.PR.T<\/td>\nFixedReset Disc<\/td>\n-9.14 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-08-07
\nMaturity Price : 18.30
\nEvaluated at bid price : 18.30
\nBid-YTW : 7.04 %<\/td>\n<\/tr>\n
BN.PR.R<\/td>\nFixedReset Disc<\/td>\n-6.10 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-08-07
\nMaturity Price : 19.10
\nEvaluated at bid price : 19.10
\nBid-YTW : 6.77 %<\/td>\n<\/tr>\n
SLF.PR.G<\/td>\nFixedReset Ins Non<\/td>\n-3.23 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-08-07
\nMaturity Price : 18.00
\nEvaluated at bid price : 18.00
\nBid-YTW : 6.08 %<\/td>\n<\/tr>\n
FTS.PR.M<\/td>\nFixedReset Disc<\/td>\n-2.80 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-08-07
\nMaturity Price : 22.48
\nEvaluated at bid price : 23.30
\nBid-YTW : 5.91 %<\/td>\n<\/tr>\n
BN.PF.E<\/td>\nFixedReset Disc<\/td>\n-2.06 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-08-07
\nMaturity Price : 21.35
\nEvaluated at bid price : 21.35
\nBid-YTW : 6.42 %<\/td>\n<\/tr>\n
MFC.PR.F<\/td>\nFixedReset Ins Non<\/td>\n-1.80 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-08-07
\nMaturity Price : 18.00
\nEvaluated at bid price : 18.00
\nBid-YTW : 5.95 %<\/td>\n<\/tr>\n
BN.PF.F<\/td>\nFixedReset Disc<\/td>\n-1.63 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-08-07
\nMaturity Price : 22.28
\nEvaluated at bid price : 22.92
\nBid-YTW : 6.40 %<\/td>\n<\/tr>\n
ENB.PR.J<\/td>\nFixedReset Disc<\/td>\n-1.32 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-08-07
\nMaturity Price : 21.98
\nEvaluated at bid price : 22.37
\nBid-YTW : 6.41 %<\/td>\n<\/tr>\n
TD.PF.I<\/td>\nFixedReset Prem<\/td>\n-1.03 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2027-10-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 26.00
\nBid-YTW : 4.49 %<\/td>\n<\/tr>\n
NA.PR.G<\/td>\nFixedReset Prem<\/td>\n-1.01 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2028-11-16
\nMaturity Price : 25.00
\nEvaluated at bid price : 26.39
\nBid-YTW : 5.17 %<\/td>\n<\/tr>\n
NA.PR.C<\/td>\nFixedReset Prem<\/td>\n-1.00 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2027-11-15
\nMaturity Price : 25.00
\nEvaluated at bid price : 26.60
\nBid-YTW : 4.01 %<\/td>\n<\/tr>\n
RY.PR.S<\/td>\nFixedReset Prem<\/td>\n1.07 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2029-02-24
\nMaturity Price : 25.00
\nEvaluated at bid price : 26.35
\nBid-YTW : 4.17 %<\/td>\n<\/tr>\n
GWO.PR.P<\/td>\nInsurance Straight<\/td>\n1.13 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-08-07
\nMaturity Price : 23.97
\nEvaluated at bid price : 24.22
\nBid-YTW : 5.64 %<\/td>\n<\/tr>\n
GWO.PR.Q<\/td>\nInsurance Straight<\/td>\n1.20 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-08-07
\nMaturity Price : 22.49
\nEvaluated at bid price : 22.75
\nBid-YTW : 5.73 %<\/td>\n<\/tr>\n
MFC.PR.C<\/td>\nInsurance Straight<\/td>\n1.23 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-08-07
\nMaturity Price : 21.45
\nEvaluated at bid price : 21.45
\nBid-YTW : 5.33 %<\/td>\n<\/tr>\n
IFC.PR.C<\/td>\nFixedReset Ins Non<\/td>\n1.28 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-08-07
\nMaturity Price : 23.14
\nEvaluated at bid price : 23.65
\nBid-YTW : 5.78 %<\/td>\n<\/tr>\n
SLF.PR.C<\/td>\nInsurance Straight<\/td>\n1.69 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-08-07
\nMaturity Price : 21.42
\nEvaluated at bid price : 21.68
\nBid-YTW : 5.18 %<\/td>\n<\/tr>\n
GWO.PR.G<\/td>\nInsurance Straight<\/td>\n3.50 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-08-07
\nMaturity Price : 22.80
\nEvaluated at bid price : 23.08
\nBid-YTW : 5.70 %<\/td>\n<\/tr>\n
MFC.PR.B<\/td>\nInsurance Straight<\/td>\n4.60 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-08-07
\nMaturity Price : 21.33
\nEvaluated at bid price : 21.60
\nBid-YTW : 5.45 %<\/td>\n<\/tr>\n
GWO.PR.H<\/td>\nInsurance Straight<\/td>\n9.65 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-08-07
\nMaturity Price : 21.80
\nEvaluated at bid price : 22.04
\nBid-YTW : 5.56 %<\/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
BN.PF.G<\/td>\nFixedReset Disc<\/td>\n88,000<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-08-07
\nMaturity Price : 22.25
\nEvaluated at bid price : 22.95
\nBid-YTW : 6.32 %<\/td>\n<\/tr>\n
GWO.PR.P<\/td>\nInsurance Straight<\/td>\n42,024<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-08-07
\nMaturity Price : 23.97
\nEvaluated at bid price : 24.22
\nBid-YTW : 5.64 %<\/td>\n<\/tr>\n
MFC.PR.B<\/td>\nInsurance Straight<\/td>\n40,446<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-08-07
\nMaturity Price : 21.33
\nEvaluated at bid price : 21.60
\nBid-YTW : 5.45 %<\/td>\n<\/tr>\n
CM.PR.S<\/td>\nFixedReset Prem<\/td>\n34,600<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-08-07
\nMaturity Price : 25.70
\nEvaluated at bid price : 25.70
\nBid-YTW : 5.36 %<\/td>\n<\/tr>\n
SLF.PR.E<\/td>\nInsurance Straight<\/td>\n27,164<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-08-07
\nMaturity Price : 21.45
\nEvaluated at bid price : 21.45
\nBid-YTW : 5.32 %<\/td>\n<\/tr>\n
PWF.PR.Z<\/td>\nPerpetual-Discount<\/td>\n26,508<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-08-07
\nMaturity Price : 22.09
\nEvaluated at bid price : 22.44
\nBid-YTW : 5.77 %<\/td>\n<\/tr>\n
There were 8 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\n
Wide Spread Highlights<\/strong><\/td>\n<\/tr>\n
See TMX DataLinx: ‘Last’ != ‘Close’<\/a> and the posts linked therein for an idea of why these quotes are so horrible.<\/td>\n<\/tr>\n
Issue<\/td>\nIndex<\/td>\nQuote Data and Yield Notes<\/td>\n<\/tr>\n
GWO.PR.N<\/td>\nFixedReset Ins Non<\/td>\nQuote: 15.46 – 18.49
\nSpot Rate : 3.0300
\nAverage : 1.6303<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-08-07
\nMaturity Price : 15.46
\nEvaluated at bid price : 15.46
\nBid-YTW : 6.81 %<\/td>\n<\/tr>\n

MFC.PR.Q<\/td>\nFixedReset Ins Non<\/td>\nQuote: 23.00 – 25.50
\nSpot Rate : 2.5000
\nAverage : 1.3943<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-08-07
\nMaturity Price : 22.45
\nEvaluated at bid price : 23.00
\nBid-YTW : 6.14 %<\/td>\n<\/tr>\n

BN.PR.T<\/td>\nFixedReset Disc<\/td>\nQuote: 18.30 – 20.32
\nSpot Rate : 2.0200
\nAverage : 1.1461<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-08-07
\nMaturity Price : 18.30
\nEvaluated at bid price : 18.30
\nBid-YTW : 7.04 %<\/td>\n<\/tr>\n

IFC.PR.G<\/td>\nFixedReset Ins Non<\/td>\nQuote: 25.10 – 26.10
\nSpot Rate : 1.0000
\nAverage : 0.6175<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-08-07
\nMaturity Price : 23.43
\nEvaluated at bid price : 25.10
\nBid-YTW : 5.55 %<\/td>\n<\/tr>\n

BN.PR.R<\/td>\nFixedReset Disc<\/td>\nQuote: 19.10 – 20.62
\nSpot Rate : 1.5200
\nAverage : 1.2834<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-08-07
\nMaturity Price : 19.10
\nEvaluated at bid price : 19.10
\nBid-YTW : 6.77 %<\/td>\n<\/tr>\n

FTS.PR.M<\/td>\nFixedReset Disc<\/td>\nQuote: 23.30 – 24.00
\nSpot Rate : 0.7000
\nAverage : 0.4677<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-08-07
\nMaturity Price : 22.48
\nEvaluated at bid price : 23.30
\nBid-YTW : 5.91 %<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Today’s Survey of Consumer Expectations shows assertions of slowing inflation are not universally accepted: July Survey: Inflation Expectations Up at Short- and Longer-Term Horizons, Unchanged at Medium-Term Median inflation expectations increased to 3.1 percent from …<\/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-49127","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/49127","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=49127"}],"version-history":[{"count":2,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/49127\/revisions"}],"predecessor-version":[{"id":49129,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/49127\/revisions\/49129"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=49127"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=49127"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=49127"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}