{"id":50637,"date":"2019-08-08T22:57:00","date_gmt":"2019-08-09T02:57:00","guid":{"rendered":"https:\/\/prefblog.com\/?p=50637"},"modified":"2025-11-11T22:57:41","modified_gmt":"2025-11-12T03:57:41","slug":"august-8-2019","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=50637","title":{"rendered":"August 8, 2019"},"content":{"rendered":"

More sabre rattling in Trump’s trade war<\/a>:<\/p>\n

\n

China signaled on Thursday that it might continue to weaken its currency, a move that threatens to again escalate the trade war with the United States.<\/p>\n

China\u2019s central bank set the midpoint of the renminbi\u2019s daily trading range above 7 to the American dollar for the first time in more than a decade. Thursday\u2019s move in effect tells financial markets that Beijing expects the renminbi to continue to weaken versus the dollar, perhaps well past the 7-to-the-dollar level.
…<\/b>
The move by the People\u2019s Bank of China in itself will not change the economics of the Chinese-American trade relationship. China on Thursday set the currency\u2019s midpoint at 7.0039 to the dollar, compared with the 6.9996 point it set on Wednesday. China tightly controls trading of its currency, with that midpoint determining the center of a narrow range in which the renminbi can strengthen or weaken during the day.<\/p>\n<\/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-0.6722 %<\/td>\n1,914.8<\/td>\n<\/tr>\n
FixedFloater<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.6722 %<\/td>\n3,513.6<\/td>\n<\/tr>\n
Floater<\/td>\n6.24 %<\/td>\n6.38 %<\/td>\n39,441<\/td>\n13.31<\/td>\n4<\/td>\n-0.6722 %<\/td>\n2,024.9<\/td>\n<\/tr>\n
OpRet<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.0848 %<\/td>\n3,335.2<\/td>\n<\/tr>\n
SplitShare<\/td>\n4.67 %<\/td>\n4.81 %<\/td>\n71,317<\/td>\n4.08<\/td>\n7<\/td>\n0.0848 %<\/td>\n3,982.9<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.0848 %<\/td>\n3,107.6<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.61 %<\/td>\n-16.98 %<\/td>\n55,819<\/td>\n0.09<\/td>\n7<\/td>\n0.0056 %<\/td>\n2,990.8<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n5.45 %<\/td>\n5.60 %<\/td>\n58,839<\/td>\n14.48<\/td>\n25<\/td>\n-0.0347 %<\/td>\n3,134.3<\/td>\n<\/tr>\n
FixedReset Disc<\/td>\n5.58 %<\/td>\n5.19 %<\/td>\n161,388<\/td>\n15.09<\/td>\n69<\/td>\n-0.1078 %<\/td>\n2,065.6<\/td>\n<\/tr>\n
Deemed-Retractible<\/td>\n5.23 %<\/td>\n5.89 %<\/td>\n63,606<\/td>\n7.91<\/td>\n27<\/td>\n0.1820 %<\/td>\n3,116.7<\/td>\n<\/tr>\n
FloatingReset<\/td>\n4.11 %<\/td>\n4.47 %<\/td>\n36,603<\/td>\n2.39<\/td>\n4<\/td>\n-0.3075 %<\/td>\n2,315.4<\/td>\n<\/tr>\n
FixedReset Prem<\/td>\n5.16 %<\/td>\n4.12 %<\/td>\n155,651<\/td>\n1.86<\/td>\n17<\/td>\n-0.0138 %<\/td>\n2,587.3<\/td>\n<\/tr>\n
FixedReset Bank Non<\/td>\n1.98 %<\/td>\n3.97 %<\/td>\n85,187<\/td>\n2.41<\/td>\n3<\/td>\n0.0697 %<\/td>\n2,655.1<\/td>\n<\/tr>\n
FixedReset Ins Non<\/td>\n5.38 %<\/td>\n7.63 %<\/td>\n90,641<\/td>\n8.04<\/td>\n22<\/td>\n0.2043 %<\/td>\n2,120.7<\/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\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
BAM.PF.F<\/td>\nFixedReset Disc<\/td>\n-2.62 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-08-08
\nMaturity Price : 16.70
\nEvaluated at bid price : 16.70
\nBid-YTW : 6.06 %<\/td>\n<\/tr>\n
EMA.PR.F<\/td>\nFixedReset Disc<\/td>\n-2.62 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-08-08
\nMaturity Price : 16.35
\nEvaluated at bid price : 16.35
\nBid-YTW : 5.79 %<\/td>\n<\/tr>\n
TD.PF.E<\/td>\nFixedReset Disc<\/td>\n-2.08 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-08-08
\nMaturity Price : 19.34
\nEvaluated at bid price : 19.34
\nBid-YTW : 5.19 %<\/td>\n<\/tr>\n
BMO.PR.T<\/td>\nFixedReset Disc<\/td>\n-1.72 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-08-08
\nMaturity Price : 16.56
\nEvaluated at bid price : 16.56
\nBid-YTW : 5.11 %<\/td>\n<\/tr>\n
BAM.PR.B<\/td>\nFloater<\/td>\n-1.70 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-08-08
\nMaturity Price : 11.00
\nEvaluated at bid price : 11.00
\nBid-YTW : 6.38 %<\/td>\n<\/tr>\n
MFC.PR.F<\/td>\nFixedReset Ins Non<\/td>\n-1.65 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2030-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 13.08
\nBid-YTW : 9.96 %<\/td>\n<\/tr>\n
CU.PR.I<\/td>\nFixedReset Prem<\/td>\n-1.57 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2020-12-01
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.10
\nBid-YTW : 3.97 %<\/td>\n<\/tr>\n
HSE.PR.C<\/td>\nFixedReset Disc<\/td>\n-1.50 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-08-08
\nMaturity Price : 17.04
\nEvaluated at bid price : 17.04
\nBid-YTW : 6.36 %<\/td>\n<\/tr>\n
IFC.PR.G<\/td>\nFixedReset Ins Non<\/td>\n-1.35 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2030-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 19.06
\nBid-YTW : 7.68 %<\/td>\n<\/tr>\n
BMO.PR.W<\/td>\nFixedReset Disc<\/td>\n-1.25 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-08-08
\nMaturity Price : 16.60
\nEvaluated at bid price : 16.60
\nBid-YTW : 5.06 %<\/td>\n<\/tr>\n
BMO.PR.Y<\/td>\nFixedReset Disc<\/td>\n-1.15 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-08-08
\nMaturity Price : 18.85
\nEvaluated at bid price : 18.85
\nBid-YTW : 5.11 %<\/td>\n<\/tr>\n
TRP.PR.F<\/td>\nFloatingReset<\/td>\n-1.14 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-08-08
\nMaturity Price : 13.01
\nEvaluated at bid price : 13.01
\nBid-YTW : 6.97 %<\/td>\n<\/tr>\n
SLF.PR.J<\/td>\nFloatingReset<\/td>\n-1.13 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2030-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 13.10
\nBid-YTW : 10.85 %<\/td>\n<\/tr>\n
CU.PR.E<\/td>\nPerpetual-Discount<\/td>\n-1.11 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-08-08
\nMaturity Price : 22.25
\nEvaluated at bid price : 22.25
\nBid-YTW : 5.52 %<\/td>\n<\/tr>\n
BAM.PR.K<\/td>\nFloater<\/td>\n-1.09 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-08-08
\nMaturity Price : 10.88
\nEvaluated at bid price : 10.88
\nBid-YTW : 6.45 %<\/td>\n<\/tr>\n
NA.PR.E<\/td>\nFixedReset Disc<\/td>\n-1.08 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-08-08
\nMaturity Price : 18.40
\nEvaluated at bid price : 18.40
\nBid-YTW : 5.33 %<\/td>\n<\/tr>\n
HSE.PR.G<\/td>\nFixedReset Disc<\/td>\n-1.04 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-08-08
\nMaturity Price : 18.06
\nEvaluated at bid price : 18.06
\nBid-YTW : 6.54 %<\/td>\n<\/tr>\n
CM.PR.Q<\/td>\nFixedReset Disc<\/td>\n-1.04 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-08-08
\nMaturity Price : 18.11
\nEvaluated at bid price : 18.11
\nBid-YTW : 5.43 %<\/td>\n<\/tr>\n
NA.PR.W<\/td>\nFixedReset Disc<\/td>\n1.06 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-08-08
\nMaturity Price : 16.18
\nEvaluated at bid price : 16.18
\nBid-YTW : 5.27 %<\/td>\n<\/tr>\n
GWO.PR.R<\/td>\nDeemed-Retractible<\/td>\n1.13 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2030-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 22.45
\nBid-YTW : 6.24 %<\/td>\n<\/tr>\n
IFC.PR.A<\/td>\nFixedReset Ins Non<\/td>\n1.39 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2030-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 14.60
\nBid-YTW : 9.55 %<\/td>\n<\/tr>\n
TD.PF.A<\/td>\nFixedReset Disc<\/td>\n1.46 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-08-08
\nMaturity Price : 17.35
\nEvaluated at bid price : 17.35
\nBid-YTW : 4.89 %<\/td>\n<\/tr>\n
BAM.PR.T<\/td>\nFixedReset Disc<\/td>\n1.69 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-08-08
\nMaturity Price : 15.00
\nEvaluated at bid price : 15.00
\nBid-YTW : 5.83 %<\/td>\n<\/tr>\n
IAF.PR.G<\/td>\nFixedReset Ins Non<\/td>\n1.70 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2030-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 19.73
\nBid-YTW : 6.85 %<\/td>\n<\/tr>\n
MFC.PR.K<\/td>\nFixedReset Ins Non<\/td>\n1.75 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2030-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 18.07
\nBid-YTW : 7.92 %<\/td>\n<\/tr>\n
PWF.PR.S<\/td>\nPerpetual-Discount<\/td>\n1.82 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-08-08
\nMaturity Price : 21.80
\nEvaluated at bid price : 21.80
\nBid-YTW : 5.55 %<\/td>\n<\/tr>\n
HSE.PR.A<\/td>\nFixedReset Disc<\/td>\n2.10 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-08-08
\nMaturity Price : 12.15
\nEvaluated at bid price : 12.15
\nBid-YTW : 5.86 %<\/td>\n<\/tr>\n
TRP.PR.D<\/td>\nFixedReset Disc<\/td>\n2.80 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-08-08
\nMaturity Price : 15.80
\nEvaluated at bid price : 15.80
\nBid-YTW : 5.77 %<\/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
MFC.PR.R<\/td>\nFixedReset Ins Non<\/td>\n268,050<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2030-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 23.86
\nBid-YTW : 5.63 %<\/td>\n<\/tr>\n
TRP.PR.D<\/td>\nFixedReset Disc<\/td>\n45,593<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-08-08
\nMaturity Price : 15.80
\nEvaluated at bid price : 15.80
\nBid-YTW : 5.77 %<\/td>\n<\/tr>\n
BIP.PR.E<\/td>\nFixedReset Disc<\/td>\n31,000<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-08-08
\nMaturity Price : 21.27
\nEvaluated at bid price : 21.55
\nBid-YTW : 5.87 %<\/td>\n<\/tr>\n
TD.PF.C<\/td>\nFixedReset Disc<\/td>\n29,500<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-08-08
\nMaturity Price : 17.40
\nEvaluated at bid price : 17.40
\nBid-YTW : 4.90 %<\/td>\n<\/tr>\n
TD.PF.B<\/td>\nFixedReset Disc<\/td>\n28,980<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-08-08
\nMaturity Price : 17.61
\nEvaluated at bid price : 17.61
\nBid-YTW : 4.97 %<\/td>\n<\/tr>\n
TD.PF.J<\/td>\nFixedReset Disc<\/td>\n28,945<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-08-08
\nMaturity Price : 20.89
\nEvaluated at bid price : 20.89
\nBid-YTW : 4.83 %<\/td>\n<\/tr>\n
There were 29 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
EMA.PR.F<\/td>\nFixedReset Disc<\/td>\nQuote: 16.35 – 16.97
\nSpot Rate : 0.6200
\nAverage : 0.4474<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-08-08
\nMaturity Price : 16.35
\nEvaluated at bid price : 16.35
\nBid-YTW : 5.79 %<\/td>\n<\/tr>\n

HSE.PR.A<\/td>\nFixedReset Disc<\/td>\nQuote: 12.15 – 12.59
\nSpot Rate : 0.4400
\nAverage : 0.2910<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-08-08
\nMaturity Price : 12.15
\nEvaluated at bid price : 12.15
\nBid-YTW : 5.86 %<\/td>\n<\/tr>\n

MFC.PR.R<\/td>\nFixedReset Ins Non<\/td>\nQuote: 23.86 – 24.32
\nSpot Rate : 0.4600
\nAverage : 0.3126<\/p>\n

YTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2030-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 23.86
\nBid-YTW : 5.63 %<\/td>\n<\/tr>\n

SLF.PR.J<\/td>\nFloatingReset<\/td>\nQuote: 13.10 – 13.54
\nSpot Rate : 0.4400
\nAverage : 0.3137<\/p>\n

YTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2030-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 13.10
\nBid-YTW : 10.85 %<\/td>\n<\/tr>\n

PWF.PR.H<\/td>\nPerpetual-Premium<\/td>\nQuote: 25.40 – 25.84
\nSpot Rate : 0.4400
\nAverage : 0.3199<\/p>\n

YTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2019-09-07
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.40
\nBid-YTW : -11.71 %<\/td>\n<\/tr>\n

CU.PR.I<\/td>\nFixedReset Prem<\/td>\nQuote: 25.10 – 25.75
\nSpot Rate : 0.6500
\nAverage : 0.5319<\/p>\n

YTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2020-12-01
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.10
\nBid-YTW : 3.97 %<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

More sabre rattling in Trump’s trade war: China signaled on Thursday that it might continue to weaken its currency, a move that threatens to again escalate the trade war with the United States. China\u2019s central …<\/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-50637","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/50637","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=50637"}],"version-history":[{"count":1,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/50637\/revisions"}],"predecessor-version":[{"id":50638,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/50637\/revisions\/50638"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=50637"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=50637"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=50637"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}