{"id":49741,"date":"2018-10-16T20:57:00","date_gmt":"2018-10-17T00:57:00","guid":{"rendered":"https:\/\/prefblog.com\/?p=49741"},"modified":"2025-08-25T20:57:50","modified_gmt":"2025-08-26T00:57:50","slug":"october-16-2018","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=49741","title":{"rendered":"October 16, 2018"},"content":{"rendered":"

Trump mouthed off about the Fed again<\/a>:<\/p>\n

\n

U.S. President Donald Trump heaped more criticism on the Federal Reserve in an interview with Fox Business Network on Tuesday, extending his discontent beyond its chairman, Jerome Powell, whom he has frequently critiqued in public.<\/p>\n

\u201cMy biggest threat is the Fed,\u201d he said, according to excerpts released before the interview with \u201cTrish Regan Primetime\u201d airs. \u201cI put a couple of other people there I\u2019m not so happy with too but for the most part I\u2019m very happy with people.\u201d<\/p>\n<\/blockquote>\n

I suspect that this is more of an attempt to buy political insurance in the event of an economic downturn than a serious move to undermine Fed independence. But what do I know?<\/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>\n1.8769 %<\/td>\n3,187.5<\/td>\n<\/tr>\n
FixedFloater<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n1.8769 %<\/td>\n5,849.0<\/td>\n<\/tr>\n
Floater<\/td>\n3.41 %<\/td>\n3.60 %<\/td>\n38,760<\/td>\n18.32<\/td>\n4<\/td>\n1.8769 %<\/td>\n3,370.8<\/td>\n<\/tr>\n
OpRet<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.0873 %<\/td>\n3,223.3<\/td>\n<\/tr>\n
SplitShare<\/td>\n4.62 %<\/td>\n4.69 %<\/td>\n53,772<\/td>\n4.72<\/td>\n5<\/td>\n-0.0873 %<\/td>\n3,849.3<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.0873 %<\/td>\n3,003.4<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.62 %<\/td>\n-1.85 %<\/td>\n60,411<\/td>\n0.21<\/td>\n12<\/td>\n-0.0565 %<\/td>\n2,914.2<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n5.53 %<\/td>\n5.67 %<\/td>\n71,199<\/td>\n14.42<\/td>\n21<\/td>\n0.0294 %<\/td>\n2,963.7<\/td>\n<\/tr>\n
FixedReset Disc<\/td>\n4.19 %<\/td>\n5.04 %<\/td>\n141,118<\/td>\n15.43<\/td>\n45<\/td>\n0.3189 %<\/td>\n2,594.8<\/td>\n<\/tr>\n
Deemed-Retractible<\/td>\n5.28 %<\/td>\n6.68 %<\/td>\n63,683<\/td>\n5.26<\/td>\n27<\/td>\n-0.2365 %<\/td>\n2,929.8<\/td>\n<\/tr>\n
FloatingReset<\/td>\n3.57 %<\/td>\n3.73 %<\/td>\n40,694<\/td>\n5.57<\/td>\n4<\/td>\n0.5101 %<\/td>\n2,869.1<\/td>\n<\/tr>\n
FixedReset Prem<\/td>\n4.88 %<\/td>\n4.26 %<\/td>\n230,906<\/td>\n2.83<\/td>\n34<\/td>\n0.2921 %<\/td>\n2,567.7<\/td>\n<\/tr>\n
FixedReset Bank Non<\/td>\n3.12 %<\/td>\n3.40 %<\/td>\n73,118<\/td>\n0.35<\/td>\n8<\/td>\n0.0815 %<\/td>\n2,576.4<\/td>\n<\/tr>\n
FixedReset Ins Non<\/td>\n4.38 %<\/td>\n5.42 %<\/td>\n101,292<\/td>\n5.36<\/td>\n22<\/td>\n0.4714 %<\/td>\n2,555.7<\/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
IFC.PR.F<\/td>\nDeemed-Retractible<\/td>\n-1.77 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 23.85
\nBid-YTW : 6.28 %<\/td>\n<\/tr>\n
SLF.PR.B<\/td>\nDeemed-Retractible<\/td>\n-1.05 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 21.65
\nBid-YTW : 7.61 %<\/td>\n<\/tr>\n
BAM.PR.X<\/td>\nFixedReset Disc<\/td>\n-1.04 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-10-16
\nMaturity Price : 19.10
\nEvaluated at bid price : 19.10
\nBid-YTW : 5.12 %<\/td>\n<\/tr>\n
MFC.PR.M<\/td>\nFixedReset Ins Non<\/td>\n1.13 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 23.30
\nBid-YTW : 5.99 %<\/td>\n<\/tr>\n
MFC.PR.Q<\/td>\nFixedReset Ins Non<\/td>\n1.14 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 23.87
\nBid-YTW : 5.72 %<\/td>\n<\/tr>\n
TD.PF.B<\/td>\nFixedReset Disc<\/td>\n1.17 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-10-16
\nMaturity Price : 22.82
\nEvaluated at bid price : 23.44
\nBid-YTW : 4.91 %<\/td>\n<\/tr>\n
SLF.PR.H<\/td>\nFixedReset Ins Non<\/td>\n1.17 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 21.55
\nBid-YTW : 6.47 %<\/td>\n<\/tr>\n
BAM.PR.M<\/td>\nPerpetual-Discount<\/td>\n1.49 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-10-16
\nMaturity Price : 20.46
\nEvaluated at bid price : 20.46
\nBid-YTW : 5.86 %<\/td>\n<\/tr>\n
IFC.PR.A<\/td>\nFixedReset Ins Non<\/td>\n1.53 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 20.57
\nBid-YTW : 7.20 %<\/td>\n<\/tr>\n
PWF.PR.Q<\/td>\nFloatingReset<\/td>\n1.56 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-10-16
\nMaturity Price : 21.46
\nEvaluated at bid price : 21.46
\nBid-YTW : 3.73 %<\/td>\n<\/tr>\n
BAM.PR.C<\/td>\nFloater<\/td>\n1.75 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-10-16
\nMaturity Price : 18.07
\nEvaluated at bid price : 18.07
\nBid-YTW : 3.61 %<\/td>\n<\/tr>\n
BAM.PR.K<\/td>\nFloater<\/td>\n2.32 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-10-16
\nMaturity Price : 18.11
\nEvaluated at bid price : 18.11
\nBid-YTW : 3.60 %<\/td>\n<\/tr>\n
BAM.PR.B<\/td>\nFloater<\/td>\n3.19 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-10-16
\nMaturity Price : 18.12
\nEvaluated at bid price : 18.12
\nBid-YTW : 3.60 %<\/td>\n<\/tr>\n
TD.PF.J<\/td>\nFixedReset Prem<\/td>\n3.94 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2023-04-30
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.05
\nBid-YTW : 4.63 %<\/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
BNS.PR.I<\/td>\nFixedReset Disc<\/td>\n182,126<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-10-16
\nMaturity Price : 23.14
\nEvaluated at bid price : 24.98
\nBid-YTW : 4.75 %<\/td>\n<\/tr>\n
BAM.PR.N<\/td>\nPerpetual-Discount<\/td>\n100,707<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-10-16
\nMaturity Price : 20.40
\nEvaluated at bid price : 20.40
\nBid-YTW : 5.88 %<\/td>\n<\/tr>\n
PWF.PR.K<\/td>\nPerpetual-Discount<\/td>\n84,200<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-10-16
\nMaturity Price : 21.49
\nEvaluated at bid price : 21.75
\nBid-YTW : 5.70 %<\/td>\n<\/tr>\n
CM.PR.R<\/td>\nFixedReset Prem<\/td>\n72,487<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2022-07-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.14
\nBid-YTW : 4.21 %<\/td>\n<\/tr>\n
TRP.PR.D<\/td>\nFixedReset Disc<\/td>\n72,228<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-10-16
\nMaturity Price : 22.02
\nEvaluated at bid price : 22.61
\nBid-YTW : 5.23 %<\/td>\n<\/tr>\n
TD.PF.J<\/td>\nFixedReset Prem<\/td>\n69,616<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2023-04-30
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.05
\nBid-YTW : 4.63 %<\/td>\n<\/tr>\n
There were 44 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.F<\/td>\nDeemed-Retractible<\/td>\nQuote: 23.85 – 24.32
\nSpot Rate : 0.4700
\nAverage : 0.3445<\/p>\n

YTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 23.85
\nBid-YTW : 6.28 %<\/td>\n<\/tr>\n

W.PR.J<\/td>\nPerpetual-Discount<\/td>\nQuote: 24.78 – 25.10
\nSpot Rate : 0.3200
\nAverage : 0.2016<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-10-16
\nMaturity Price : 24.53
\nEvaluated at bid price : 24.78
\nBid-YTW : 5.68 %<\/td>\n<\/tr>\n

EIT.PR.B<\/td>\nSplitShare<\/td>\nQuote: 25.00 – 25.32
\nSpot Rate : 0.3200
\nAverage : 0.2100<\/p>\n

YTW SCENARIO
\nMaturity Type : Soft Maturity
\nMaturity Date\t: 2025-03-14
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.00
\nBid-YTW : 4.90 %<\/td>\n<\/tr>\n

SLF.PR.J<\/td>\nFloatingReset<\/td>\nQuote: 20.00 – 20.31
\nSpot Rate : 0.3100
\nAverage : 0.2124<\/p>\n

YTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 20.00
\nBid-YTW : 7.02 %<\/td>\n<\/tr>\n

POW.PR.A<\/td>\nPerpetual-Premium<\/td>\nQuote: 24.83 – 25.06
\nSpot Rate : 0.2300
\nAverage : 0.1489<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-10-16
\nMaturity Price : 24.57
\nEvaluated at bid price : 24.83
\nBid-YTW : 5.66 %<\/td>\n<\/tr>\n

CU.PR.C<\/td>\nFixedReset Disc<\/td>\nQuote: 21.80 – 22.20
\nSpot Rate : 0.4000
\nAverage : 0.3192<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2048-10-16
\nMaturity Price : 21.45
\nEvaluated at bid price : 21.80
\nBid-YTW : 5.20 %<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Trump mouthed off about the Fed again: U.S. President Donald Trump heaped more criticism on the Federal Reserve in an interview with Fox Business Network on Tuesday, extending his discontent beyond its chairman, Jerome Powell, …<\/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-49741","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/49741","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=49741"}],"version-history":[{"count":1,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/49741\/revisions"}],"predecessor-version":[{"id":49742,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/49741\/revisions\/49742"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=49741"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=49741"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=49741"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}