{"id":50200,"date":"2025-10-07T20:11:16","date_gmt":"2025-10-08T00:11:16","guid":{"rendered":"https:\/\/prefblog.com\/?p=50200"},"modified":"2025-10-07T22:16:24","modified_gmt":"2025-10-08T02:16:24","slug":"october-7-2025","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=50200","title":{"rendered":"October 7, 2025"},"content":{"rendered":"<p>A new <a href=\"https:\/\/www.newyorkfed.org\/microeconomics\/sce#\">Survey of Consumer Expectations<\/a> is out:<\/p>\n<blockquote><p><b>September Survey: Inflation Expectations Tick Up at Short- and Longer-Term Horizons; Labor Market Expectations Deteriorate<\/b><\/p>\n<ul>\n<li>Median inflation expectations increased at the one-year-ahead horizon to 3.4 percent from 3.2 percent and at the five-year-ahead horizon to 3.0 percent from 2.9 percent. They remained steady at the three-year-ahead horizon at 3.0 percent. The increase in the year-ahead measure was largest for those with at most a high school education and those with household incomes under $50,000.\n<li>Median one-year-ahead earnings growth expectations decreased by 0.1 percentage point (ppt) to 2.4 percent in September, the lowest reading since April 2021.\n<li>Mean unemployment expectations\u2014or the mean probability that the U.S. unemployment rate will be higher one year from now\u2014increased 2.0 ppts to 41.1 percent.\n<li>The mean perceived probability of losing one\u2019s job in the next twelve months increased by 0.4 ppt to 14.9 percent, above the trailing twelve-month average of 14.1 percent.<\/ul>\n<\/blockquote>\n<p>I&#8217;ve been spending my programming time recently speeding up <a href=\"https:\/\/www.prefshares.com\">HIMIPref&trade;<\/a> and stumbled across the following interesting <a href=\"https:\/\/serverfault.com\/questions\/238417\/are-networks-now-faster-than-disks#238534\">comparison of access times<\/a> for data in various places:<\/p>\n<div align=\"center\">\n<table width=\"60%\">\n<tr>\n<td align=\"left\">L1 cache reference<\/td>\n<td align=\"right\">0.5 ns<\/td>\n<\/tr>\n<tr>\n<td align=\"left\">Branch mispredict<\/td>\n<td align=\"right\">5 ns<\/td>\n<\/tr>\n<tr>\n<td align=\"left\">L2 cache reference<\/td>\n<td align=\"right\">7 ns<\/td>\n<\/tr>\n<tr>\n<td align=\"left\">Mutex lock\/unlock<\/td>\n<td align=\"right\">100 ns (25)<\/td>\n<\/tr>\n<tr>\n<td align=\"left\">Main memory reference<\/td>\n<td align=\"right\">100 ns<\/td>\n<\/tr>\n<tr>\n<td align=\"left\">Compress 1K bytes with Zippy<\/td>\n<td align=\"right\">10,000 ns (3,000)<\/td>\n<\/tr>\n<tr>\n<td align=\"left\">Send 2K bytes over 1 Gbps network<\/td>\n<td align=\"right\">20,000 ns<\/td>\n<\/tr>\n<tr>\n<td align=\"left\">Read 1 MB sequentially from memory<\/td>\n<td align=\"right\">250,000 ns<\/td>\n<\/tr>\n<tr>\n<td align=\"left\">Round trip within same datacenter<\/td>\n<td align=\"right\">500,000 ns<\/td>\n<\/tr>\n<tr>\n<td align=\"left\">Disk seek<\/td>\n<td align=\"right\">10,000,000 ns<\/td>\n<\/tr>\n<tr>\n<td align=\"left\">Read 1 MB sequentially from network<\/td>\n<td align=\"right\">10,000,000 ns<\/td>\n<\/tr>\n<tr>\n<td align=\"left\">Read 1 MB sequentially from disk<\/td>\n<td align=\"right\">30,000,000 ns (20,000,000)<\/td>\n<\/tr>\n<tr>\n<td align=\"left\">Send packet CA->Netherlands->CA<\/td>\n<td align=\"right\">150,000,000 ns<\/td>\n<\/tr>\n<\/table>\n<\/div>\n<p>&#8230; which is kind of cool. Puts things in perspective! They also have <a href=\"https:\/\/www.howtogeek.com\/891526\/l1-vs-l2-vs-l3-cache\">L3 cache<\/a>, nowadays, that services all the cores on the CPU, not just one; and even, so I am informed, <a href=\"https:\/\/superuser.com\/questions\/1073937\/what-does-l4-cache-hold-on-some-cpus\">L4 cache<\/a>!<\/p>\n<p>Which reminds me of a funny story. The nineties was an interesting time to be buying computers, which I was doing for my prior employer, since everything about them was changing at breakneck speed; performance bottlenecks were shifting kaleidoscopically every time you looked. So I read PC Magazine every month and tried to keep up with what was going on; at one point, PC Mag concluded that for computationally intensive work (like we were doing) the most usual bottleneck had become the speed of the L2 cache. If I remember correctly, the speed of the good kind at the time was 15ns.<\/p>\n<p>So next time I ordered a (small) batch of computers and asked my salesman for quotes, I asked what the speed of the L2 cache was. Silence. He obviously had no idea what that was and eventually told me he&#8217;d have to call his vendor and get back to me.<\/p>\n<p>We needed the order filled! So I called him up (a few days? a week?) later and asked about the speed of the L2 cache was on the machines he was quoting.<\/p>\n<p>He got mad and snapped &#8220;Look, James, it&#8217;s fast, OK?&#8221;<\/p>\n<p>Shortly afterwards we changed computer vendors.<\/p>\n<table border='1'>\n<tr>\n<td colspan='8'><strong>HIMIPref&trade; Preferred Indices<br \/>These values reflect the December 2008 revision of the HIMIPref&trade; Indices<\/strong><br \/>Values are provisional and are finalized monthly<\/td>\n<\/tr>\n<tr>\n<td>Index<\/td>\n<td>Mean<br \/>Current<br \/>Yield<br \/>(at bid)<\/td>\n<td>Median<br \/>YTW<\/td>\n<td>Median<br \/>Average<br \/>Trading<br \/>Value<\/td>\n<td>Median<br \/>Mod Dur<br \/>(YTW)<\/td>\n<td>Issues<\/td>\n<td>Day&#8217;s Perf.<\/td>\n<td>Index Value<\/td>\n<\/tr>\n<tr>\n<td>Ratchet<\/td>\n<td>6.67 %<\/td>\n<td>7.11 %<\/td>\n<td>27,166<\/td>\n<td>13.38<\/td>\n<td>1<\/td>\n<td>0.0000 %<\/td>\n<td>2,428.3<\/td>\n<\/tr>\n<tr>\n<td>FixedFloater<\/td>\n<td>0.00 %<\/td>\n<td>0.00 %<\/td>\n<td>0<\/td>\n<td>0.00<\/td>\n<td>0<\/td>\n<td>0.2294 %<\/td>\n<td>4,598.5<\/td>\n<\/tr>\n<tr>\n<td>Floater<\/td>\n<td>6.27 %<\/td>\n<td>6.56 %<\/td>\n<td>54,064<\/td>\n<td>13.13<\/td>\n<td>3<\/td>\n<td>0.2294 %<\/td>\n<td>2,650.2<\/td>\n<\/tr>\n<tr>\n<td>OpRet<\/td>\n<td>0.00 %<\/td>\n<td>0.00 %<\/td>\n<td>0<\/td>\n<td>0.00<\/td>\n<td>0<\/td>\n<td>0.0000 %<\/td>\n<td>3,654.3<\/td>\n<\/tr>\n<tr>\n<td>SplitShare<\/td>\n<td>4.78 %<\/td>\n<td>4.53 %<\/td>\n<td>66,668<\/td>\n<td>3.34<\/td>\n<td>5<\/td>\n<td>0.0000 %<\/td>\n<td>4,364.0<\/td>\n<\/tr>\n<tr>\n<td>Interest-Bearing<\/td>\n<td>0.00 %<\/td>\n<td>0.00 %<\/td>\n<td>0<\/td>\n<td>0.00<\/td>\n<td>0<\/td>\n<td>0.0000 %<\/td>\n<td>3,405.0<\/td>\n<\/tr>\n<tr>\n<td>Perpetual-Premium<\/td>\n<td>5.49 %<\/td>\n<td>4.80 %<\/td>\n<td>82,796<\/td>\n<td>0.09<\/td>\n<td>8<\/td>\n<td>0.0494 %<\/td>\n<td>3,097.9<\/td>\n<\/tr>\n<tr>\n<td>Perpetual-Discount<\/td>\n<td>5.60 %<\/td>\n<td>5.65 %<\/td>\n<td>46,596<\/td>\n<td>14.38<\/td>\n<td>26<\/td>\n<td>-0.4586 %<\/td>\n<td>3,370.3<\/td>\n<\/tr>\n<tr>\n<td>FixedReset Disc<\/td>\n<td>5.98 %<\/td>\n<td>6.01 %<\/td>\n<td>113,980<\/td>\n<td>13.71<\/td>\n<td>30<\/td>\n<td>0.2779 %<\/td>\n<td>3,052.7<\/td>\n<\/tr>\n<tr>\n<td>Insurance Straight<\/td>\n<td>5.49 %<\/td>\n<td>5.54 %<\/td>\n<td>53,256<\/td>\n<td>14.60<\/td>\n<td>21<\/td>\n<td>0.8478 %<\/td>\n<td>3,309.9<\/td>\n<\/tr>\n<tr>\n<td>FloatingReset<\/td>\n<td>0.00 %<\/td>\n<td>0.00 %<\/td>\n<td>0<\/td>\n<td>0.00<\/td>\n<td>0<\/td>\n<td>0.2779 %<\/td>\n<td>3,631.5<\/td>\n<\/tr>\n<tr>\n<td>FixedReset Prem<\/td>\n<td>5.63 %<\/td>\n<td>4.81 %<\/td>\n<td>128,549<\/td>\n<td>2.81<\/td>\n<td>22<\/td>\n<td>-0.0336 %<\/td>\n<td>2,632.3<\/td>\n<\/tr>\n<tr>\n<td>FixedReset Bank Non<\/td>\n<td>0.00 %<\/td>\n<td>0.00 %<\/td>\n<td>0<\/td>\n<td>0.00<\/td>\n<td>0<\/td>\n<td>0.2779 %<\/td>\n<td>3,120.5<\/td>\n<\/tr>\n<tr>\n<td>FixedReset Ins Non<\/td>\n<td>5.22 %<\/td>\n<td>5.36 %<\/td>\n<td>53,801<\/td>\n<td>14.53<\/td>\n<td>15<\/td>\n<td>0.0871 %<\/td>\n<td>3,069.5<\/td>\n<\/tr>\n<\/table>\n<table border='1'>\n<tr>\n<td colspan='4'><strong>Performance Highlights<\/strong><\/td>\n<\/tr>\n<tr>\n<td>Issue<\/td>\n<td>Index<\/td>\n<td>Change<\/td>\n<td>Notes<\/td>\n<\/tr>\n<tr>\n<td>CU.PR.G<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-13.88 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2055-10-07<br \/>\nMaturity Price  : 18.00<br \/>\nEvaluated at bid price : 18.00<br \/>\nBid-YTW : 6.35 %<\/td>\n<\/tr>\n<tr>\n<td>PWF.PR.Z<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-1.81 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2055-10-07<br \/>\nMaturity Price  : 22.46<br \/>\nEvaluated at bid price : 22.75<br \/>\nBid-YTW : 5.76 %<\/td>\n<\/tr>\n<tr>\n<td>ELF.PR.F<\/td>\n<td>Insurance Straight<\/td>\n<td>-1.06 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2055-10-07<br \/>\nMaturity Price  : 22.98<br \/>\nEvaluated at bid price : 23.25<br \/>\nBid-YTW : 5.71 %<\/td>\n<\/tr>\n<tr>\n<td>GWO.PR.G<\/td>\n<td>Insurance Straight<\/td>\n<td>-1.05 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2055-10-07<br \/>\nMaturity Price  : 23.20<br \/>\nEvaluated at bid price : 23.50<br \/>\nBid-YTW : 5.56 %<\/td>\n<\/tr>\n<tr>\n<td>IFC.PR.E<\/td>\n<td>Insurance Straight<\/td>\n<td>-1.04 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2055-10-07<br \/>\nMaturity Price  : 23.47<br \/>\nEvaluated at bid price : 23.75<br \/>\nBid-YTW : 5.50 %<\/td>\n<\/tr>\n<tr>\n<td>NA.PR.K<\/td>\n<td>FixedReset Prem<\/td>\n<td>-1.04 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Call<br \/>\nMaturity Date\t: 2029-05-01<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 27.71<br \/>\nBid-YTW : 4.79 %<\/td>\n<\/tr>\n<tr>\n<td>BN.PF.F<\/td>\n<td>FixedReset Disc<\/td>\n<td>1.06 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2055-10-07<br \/>\nMaturity Price  : 22.76<br \/>\nEvaluated at bid price : 23.80<br \/>\nBid-YTW : 5.96 %<\/td>\n<\/tr>\n<tr>\n<td>POW.PR.D<\/td>\n<td>Perpetual-Discount<\/td>\n<td>1.12 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2055-10-07<br \/>\nMaturity Price  : 22.35<br \/>\nEvaluated at bid price : 22.62<br \/>\nBid-YTW : 5.54 %<\/td>\n<\/tr>\n<tr>\n<td>NA.PR.G<\/td>\n<td>FixedReset Prem<\/td>\n<td>1.14 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Call<br \/>\nMaturity Date\t: 2028-11-16<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 26.55<br \/>\nBid-YTW : 4.66 %<\/td>\n<\/tr>\n<tr>\n<td>GWO.PR.L<\/td>\n<td>Insurance Straight<\/td>\n<td>1.20 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Call<br \/>\nMaturity Date\t: 2025-11-06<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 25.20<br \/>\nBid-YTW : -2.73 %<\/td>\n<\/tr>\n<tr>\n<td>POW.PR.C<\/td>\n<td>Perpetual-Premium<\/td>\n<td>1.39 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Call<br \/>\nMaturity Date\t: 2025-11-06<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 25.45<br \/>\nBid-YTW : -16.73 %<\/td>\n<\/tr>\n<tr>\n<td>GWO.PR.Q<\/td>\n<td>Insurance Straight<\/td>\n<td>1.43 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2055-10-07<br \/>\nMaturity Price  : 22.39<br \/>\nEvaluated at bid price : 22.65<br \/>\nBid-YTW : 5.72 %<\/td>\n<\/tr>\n<tr>\n<td>SLF.PR.C<\/td>\n<td>Insurance Straight<\/td>\n<td>1.71 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2055-10-07<br \/>\nMaturity Price  : 21.41<br \/>\nEvaluated at bid price : 21.41<br \/>\nBid-YTW : 5.24 %<\/td>\n<\/tr>\n<tr>\n<td>BN.PF.E<\/td>\n<td>FixedReset Disc<\/td>\n<td>2.85 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2055-10-07<br \/>\nMaturity Price  : 21.35<br \/>\nEvaluated at bid price : 21.65<br \/>\nBid-YTW : 6.13 %<\/td>\n<\/tr>\n<tr>\n<td>IFC.PR.F<\/td>\n<td>Insurance Straight<\/td>\n<td>3.28 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2055-10-07<br \/>\nMaturity Price  : 23.31<br \/>\nEvaluated at bid price : 23.60<br \/>\nBid-YTW : 5.65 %<\/td>\n<\/tr>\n<tr>\n<td>GWO.PR.R<\/td>\n<td>Insurance Straight<\/td>\n<td>3.41 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2055-10-07<br \/>\nMaturity Price  : 21.59<br \/>\nEvaluated at bid price : 21.85<br \/>\nBid-YTW : 5.52 %<\/td>\n<\/tr>\n<tr>\n<td>BN.PR.X<\/td>\n<td>FixedReset Disc<\/td>\n<td>7.27 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2055-10-07<br \/>\nMaturity Price  : 20.07<br \/>\nEvaluated at bid price : 20.07<br \/>\nBid-YTW : 5.74 %<\/td>\n<\/tr>\n<tr>\n<td>GWO.PR.H<\/td>\n<td>Insurance Straight<\/td>\n<td>8.51 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2055-10-07<br \/>\nMaturity Price  : 21.67<br \/>\nEvaluated at bid price : 21.92<br \/>\nBid-YTW : 5.56 %<\/td>\n<\/tr>\n<\/table>\n<table border='1'>\n<tr>\n<td colspan='4'><strong>Volume Highlights<\/strong><\/td>\n<\/tr>\n<tr>\n<td>Issue<\/td>\n<td>Index<\/td>\n<td>Shares<br \/>Traded<\/td>\n<td>Notes<\/td>\n<\/tr>\n<tr>\n<td>GWO.PR.Z<\/td>\n<td>Perpetual-Premium<\/td>\n<td>107,872<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Call<br \/>\nMaturity Date\t: 2034-09-30<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 25.50<br \/>\nBid-YTW : 5.48 %<\/td>\n<\/tr>\n<tr>\n<td>ENB.PF.G<\/td>\n<td>FixedReset Disc<\/td>\n<td>57,200<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2055-10-07<br \/>\nMaturity Price  : 21.48<br \/>\nEvaluated at bid price : 21.78<br \/>\nBid-YTW : 6.39 %<\/td>\n<\/tr>\n<tr>\n<td>ENB.PF.K<\/td>\n<td>FixedReset Disc<\/td>\n<td>53,100<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2055-10-07<br \/>\nMaturity Price  : 23.46<br \/>\nEvaluated at bid price : 24.91<br \/>\nBid-YTW : 6.01 %<\/td>\n<\/tr>\n<tr>\n<td>GWO.PR.N<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>50,000<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2055-10-07<br \/>\nMaturity Price  : 17.65<br \/>\nEvaluated at bid price : 17.65<br \/>\nBid-YTW : 5.74 %<\/td>\n<\/tr>\n<tr>\n<td>BMO.PR.E<\/td>\n<td>FixedReset Prem<\/td>\n<td>41,000<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Call<br \/>\nMaturity Date\t: 2028-11-25<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 26.70<br \/>\nBid-YTW : 4.77 %<\/td>\n<\/tr>\n<tr>\n<td>ENB.PF.E<\/td>\n<td>FixedReset Disc<\/td>\n<td>38,100<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2055-10-07<br \/>\nMaturity Price  : 21.38<br \/>\nEvaluated at bid price : 21.38<br \/>\nBid-YTW : 6.43 %<\/td>\n<\/tr>\n<tr>\n<td colspan='4'>There were 16 other index-included issues trading in excess of 10,000 shares.<\/td>\n<\/tr>\n<\/table>\n<table border='1'>\n<tr>\n<td colspan='3'><strong>Wide Spread Highlights<\/strong><\/td>\n<\/tr>\n<tr>\n<td colspan='3'>See <a href='https:\/\/prefblog.com\/?p=13456'>TMX DataLinx: &#8216;Last&#8217; != &#8216;Close&#8217;<\/a> and the posts linked therein for an idea of why these quotes are so horrible.<\/td>\n<\/tr>\n<tr>\n<td>Issue<\/td>\n<td>Index<\/td>\n<td>Quote Data and Yield Notes<\/td>\n<\/tr>\n<tr>\n<td>CU.PR.G<\/td>\n<td>Perpetual-Discount<\/td>\n<td>Quote: 18.00 &#8211; 20.94<br \/>\nSpot Rate  :  2.9400<br \/>\nAverage  :  1.6916<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2055-10-07<br \/>\nMaturity Price  : 18.00<br \/>\nEvaluated at bid price : 18.00<br \/>\nBid-YTW : 6.35 %<\/td>\n<\/tr>\n<tr>\n<td>GWO.PR.G<\/td>\n<td>Insurance Straight<\/td>\n<td>Quote: 23.50 &#8211; 25.00<br \/>\nSpot Rate  :  1.5000<br \/>\nAverage  :  0.9987<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2055-10-07<br \/>\nMaturity Price  : 23.20<br \/>\nEvaluated at bid price : 23.50<br \/>\nBid-YTW : 5.56 %<\/td>\n<\/tr>\n<tr>\n<td>BN.PR.R<\/td>\n<td>FixedReset Disc<\/td>\n<td>Quote: 19.90 &#8211; 20.95<br \/>\nSpot Rate  :  1.0500<br \/>\nAverage  :  0.7122<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2055-10-07<br \/>\nMaturity Price  : 19.90<br \/>\nEvaluated at bid price : 19.90<br \/>\nBid-YTW : 6.29 %<\/td>\n<\/tr>\n<tr>\n<td>PWF.PR.K<\/td>\n<td>Perpetual-Discount<\/td>\n<td>Quote: 22.09 &#8211; 23.00<br \/>\nSpot Rate  :  0.9100<br \/>\nAverage  :  0.7057<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2055-10-07<br \/>\nMaturity Price  : 21.85<br \/>\nEvaluated at bid price : 22.09<br \/>\nBid-YTW : 5.70 %<\/td>\n<\/tr>\n<tr>\n<td>PWF.PR.Z<\/td>\n<td>Perpetual-Discount<\/td>\n<td>Quote: 22.75 &#8211; 23.35<br \/>\nSpot Rate  :  0.6000<br \/>\nAverage  :  0.4262<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2055-10-07<br \/>\nMaturity Price  : 22.46<br \/>\nEvaluated at bid price : 22.75<br \/>\nBid-YTW : 5.76 %<\/td>\n<\/tr>\n<tr>\n<td>BN.PR.T<\/td>\n<td>FixedReset Disc<\/td>\n<td>Quote: 19.90 &#8211; 20.65<br \/>\nSpot Rate  :  0.7500<br \/>\nAverage  :  0.5877<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2055-10-07<br \/>\nMaturity Price  : 19.90<br \/>\nEvaluated at bid price : 19.90<br \/>\nBid-YTW : 6.27 %<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>A new Survey of Consumer Expectations is out: September Survey: Inflation Expectations Tick Up at Short- and Longer-Term Horizons; Labor Market Expectations Deteriorate Median inflation expectations increased at the one-year-ahead horizon to 3.4 percent from &hellip;<\/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-50200","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/50200","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=50200"}],"version-history":[{"count":9,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/50200\/revisions"}],"predecessor-version":[{"id":50230,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/50200\/revisions\/50230"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=50200"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=50200"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=50200"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}