{"id":51799,"date":"2026-04-16T00:05:07","date_gmt":"2026-04-16T04:05:07","guid":{"rendered":"https:\/\/prefblog.com\/?p=51799"},"modified":"2026-04-16T00:05:07","modified_gmt":"2026-04-16T04:05:07","slug":"april-15-2026","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=51799","title":{"rendered":"April 15, 2026"},"content":{"rendered":"

The posturing about Powell continues<\/a>:<\/p>\n

President Donald Trump said he will fire Federal Reserve Chair Jerome Powell if he does not step aside when his term at the helm of the central bank expires next month.<\/p>\n

\u201cThen I\u2019ll have to fire him,\u201d Trump told Fox Business\u2019 Maria Bartiromo Wednesday in response to a question about Powell staying on at the Fed.<\/p>\n

The timing of Powell\u2019s departure from the Fed has been complicated by the Department of Justice\u2019s criminal investigation into the Fed chair that accuses Powell of lying to Congress in testimony last year about the Fed\u2019s $2.5 billion-dollar renovation of its Washington, DC, headquarters. It\u2019s a subject the Trump administration has zoned in on as part of its repeated criticism of Powell\u2019s leadership of the Fed.<\/p>\n

Trump in January nominated former Fed governor Kevin Warsh to replace Powell, whose term leading the central bank expires on May 15. But North Carolina Republican Sen. Thom Tillis, a key member of the committee that approves Fed nominees, reiterated this week that he will not vote to confirm Warsh until the Powell probe has concluded.<\/p>\n

The Trump administration doubled down on its support for the probe this week, despite the likelihood that it will delay Warsh\u2019s nomination and could lead to a legal faceoff with Powell that could prolong Trump\u2019s unwanted Fed chair to stay at the central bank<\/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>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.2050 %<\/td>\n2,489.4<\/td>\n<\/tr>\n
FixedFloater<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.2050 %<\/td>\n4,720.2<\/td>\n<\/tr>\n
Floater<\/td>\n5.82 %<\/td>\n4.25 %<\/td>\n26,462<\/td>\n16.67<\/td>\n4<\/td>\n-0.2050 %<\/td>\n2,720.3<\/td>\n<\/tr>\n
OpRet<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.0079 %<\/td>\n3,658.7<\/td>\n<\/tr>\n
SplitShare<\/td>\n4.77 %<\/td>\n3.13 %<\/td>\n69,081<\/td>\n2.93<\/td>\n5<\/td>\n-0.0079 %<\/td>\n4,369.2<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.0079 %<\/td>\n3,409.0<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.90 %<\/td>\n1.34 %<\/td>\n63,195<\/td>\n0.08<\/td>\n1<\/td>\n0.0800 %<\/td>\n3,004.1<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n5.73 %<\/td>\n4.13 %<\/td>\n48,820<\/td>\n16.94<\/td>\n34<\/td>\n0.3754 %<\/td>\n3,307.4<\/td>\n<\/tr>\n
FixedReset Disc<\/td>\n5.83 %<\/td>\n4.27 %<\/td>\n112,078<\/td>\n16.47<\/td>\n27<\/td>\n0.0912 %<\/td>\n3,230.8<\/td>\n<\/tr>\n
Insurance Straight<\/td>\n5.62 %<\/td>\n4.08 %<\/td>\n55,827<\/td>\n16.99<\/td>\n22<\/td>\n-0.0203 %<\/td>\n3,234.5<\/td>\n<\/tr>\n
FloatingReset<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.0912 %<\/td>\n3,843.3<\/td>\n<\/tr>\n
FixedReset Prem<\/td>\n5.99 %<\/td>\n3.12 %<\/td>\n85,388<\/td>\n1.98<\/td>\n21<\/td>\n0.1048 %<\/td>\n2,648.9<\/td>\n<\/tr>\n
FixedReset Bank Non<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.0912 %<\/td>\n3,302.5<\/td>\n<\/tr>\n
FixedReset Ins Non<\/td>\n5.17 %<\/td>\n3.83 %<\/td>\n78,807<\/td>\n17.23<\/td>\n14<\/td>\n-0.3290 %<\/td>\n3,199.8<\/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
Performance Highlights<\/strong><\/td>\n<\/tr>\n
Issue<\/td>\nIndex<\/td>\nChange<\/td>\nNotes<\/td>\n<\/tr>\n
IFC.PR.E<\/td>\nInsurance Straight<\/td>\n-4.76 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-04-15
\nMaturity Price : 21.96
\nEvaluated at bid price : 22.20
\nBid-YTW : 4.21 %<\/td>\n<\/tr>\n
MFC.PR.B<\/td>\nInsurance Straight<\/td>\n-3.89 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-04-15
\nMaturity Price : 21.00
\nEvaluated at bid price : 21.00
\nBid-YTW : 3.98 %<\/td>\n<\/tr>\n
IFC.PR.F<\/td>\nInsurance Straight<\/td>\n-2.51 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-04-15
\nMaturity Price : 22.65
\nEvaluated at bid price : 22.91
\nBid-YTW : 4.16 %<\/td>\n<\/tr>\n
IFC.PR.A<\/td>\nFixedReset Ins Non<\/td>\n-2.20 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-04-15
\nMaturity Price : 21.77
\nEvaluated at bid price : 22.25
\nBid-YTW : 3.86 %<\/td>\n<\/tr>\n
IFC.PR.C<\/td>\nFixedReset Ins Non<\/td>\n-1.99 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2026-09-30
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.17
\nBid-YTW : 1.52 %<\/td>\n<\/tr>\n
PWF.PR.L<\/td>\nPerpetual-Discount<\/td>\n-1.28 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-04-15
\nMaturity Price : 21.51
\nEvaluated at bid price : 21.51
\nBid-YTW : 4.25 %<\/td>\n<\/tr>\n
FTS.PR.H<\/td>\nFixedReset Disc<\/td>\n-1.05 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-04-15
\nMaturity Price : 19.85
\nEvaluated at bid price : 19.85
\nBid-YTW : 4.05 %<\/td>\n<\/tr>\n
GWO.PR.L<\/td>\nInsurance Straight<\/td>\n1.07 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-04-15
\nMaturity Price : 24.30
\nEvaluated at bid price : 24.61
\nBid-YTW : 4.12 %<\/td>\n<\/tr>\n
GWO.PR.P<\/td>\nInsurance Straight<\/td>\n1.10 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-04-15
\nMaturity Price : 23.59
\nEvaluated at bid price : 23.86
\nBid-YTW : 4.06 %<\/td>\n<\/tr>\n
BN.PF.B<\/td>\nFixedReset Disc<\/td>\n1.31 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-04-15
\nMaturity Price : 23.31
\nEvaluated at bid price : 24.80
\nBid-YTW : 4.12 %<\/td>\n<\/tr>\n
GWO.PR.Q<\/td>\nInsurance Straight<\/td>\n1.35 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-04-15
\nMaturity Price : 22.33
\nEvaluated at bid price : 22.60
\nBid-YTW : 4.09 %<\/td>\n<\/tr>\n
ENB.PR.B<\/td>\nFixedReset Disc<\/td>\n1.73 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-04-15
\nMaturity Price : 21.46
\nEvaluated at bid price : 21.80
\nBid-YTW : 4.51 %<\/td>\n<\/tr>\n
IFC.PR.K<\/td>\nInsurance Straight<\/td>\n2.11 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-04-15
\nMaturity Price : 23.29
\nEvaluated at bid price : 23.75
\nBid-YTW : 3.95 %<\/td>\n<\/tr>\n
SLF.PR.C<\/td>\nInsurance Straight<\/td>\n2.11 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-04-15
\nMaturity Price : 20.81
\nEvaluated at bid price : 20.81
\nBid-YTW : 3.85 %<\/td>\n<\/tr>\n
PWF.PR.R<\/td>\nPerpetual-Discount<\/td>\n2.19 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-04-15
\nMaturity Price : 23.49
\nEvaluated at bid price : 23.76
\nBid-YTW : 4.13 %<\/td>\n<\/tr>\n
CU.PR.H<\/td>\nPerpetual-Discount<\/td>\n5.80 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-04-15
\nMaturity Price : 23.41
\nEvaluated at bid price : 23.70
\nBid-YTW : 3.98 %<\/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.C<\/td>\nPerpetual-Discount<\/td>\n82,039<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-04-15
\nMaturity Price : 20.55
\nEvaluated at bid price : 20.55
\nBid-YTW : 4.26 %<\/td>\n<\/tr>\n
PWF.PR.A<\/td>\nFloater<\/td>\n67,508<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-04-15
\nMaturity Price : 14.05
\nEvaluated at bid price : 14.05
\nBid-YTW : 4.02 %<\/td>\n<\/tr>\n
CU.PR.D<\/td>\nPerpetual-Discount<\/td>\n35,500<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-04-15
\nMaturity Price : 21.29
\nEvaluated at bid price : 21.56
\nBid-YTW : 4.09 %<\/td>\n<\/tr>\n
RY.PR.S<\/td>\nFixedReset Prem<\/td>\n32,075<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2029-02-24
\nMaturity Price : 25.00
\nEvaluated at bid price : 26.53
\nBid-YTW : 2.64 %<\/td>\n<\/tr>\n
PWF.PR.Z<\/td>\nPerpetual-Discount<\/td>\n30,187<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-04-15
\nMaturity Price : 21.91
\nEvaluated at bid price : 22.15
\nBid-YTW : 4.15 %<\/td>\n<\/tr>\n
GWO.PR.R<\/td>\nInsurance Straight<\/td>\n25,700<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-04-15
\nMaturity Price : 21.00
\nEvaluated at bid price : 21.00
\nBid-YTW : 4.12 %<\/td>\n<\/tr>\n
There were 9 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
MFC.PR.B<\/td>\nInsurance Straight<\/td>\nQuote: 21.00 – 22.99
\nSpot Rate : 1.9900
\nAverage : 1.2692<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-04-15
\nMaturity Price : 21.00
\nEvaluated at bid price : 21.00
\nBid-YTW : 3.98 %<\/td>\n<\/tr>\n

IFC.PR.E<\/td>\nInsurance Straight<\/td>\nQuote: 22.20 – 23.75
\nSpot Rate : 1.5500
\nAverage : 0.9848<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-04-15
\nMaturity Price : 21.96
\nEvaluated at bid price : 22.20
\nBid-YTW : 4.21 %<\/td>\n<\/tr>\n

GWO.PR.G<\/td>\nInsurance Straight<\/td>\nQuote: 22.81 – 24.45
\nSpot Rate : 1.6400
\nAverage : 1.1349<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-04-15
\nMaturity Price : 22.55
\nEvaluated at bid price : 22.81
\nBid-YTW : 4.09 %<\/td>\n<\/tr>\n

IFC.PR.G<\/td>\nFixedReset Ins Non<\/td>\nQuote: 25.38 – 26.50
\nSpot Rate : 1.1200
\nAverage : 0.7157<\/p>\n

YTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2028-06-30
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.38
\nBid-YTW : 3.83 %<\/td>\n<\/tr>\n

IFC.PR.F<\/td>\nInsurance Straight<\/td>\nQuote: 22.91 – 24.10
\nSpot Rate : 1.1900
\nAverage : 0.8094<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-04-15
\nMaturity Price : 22.65
\nEvaluated at bid price : 22.91
\nBid-YTW : 4.16 %<\/td>\n<\/tr>\n

BN.PR.R<\/td>\nFixedReset Disc<\/td>\nQuote: 23.15 – 24.15
\nSpot Rate : 1.0000
\nAverage : 0.6419<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-04-15
\nMaturity Price : 22.35
\nEvaluated at bid price : 23.15
\nBid-YTW : 4.12 %<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

The posturing about Powell continues: President Donald Trump said he will fire Federal Reserve Chair Jerome Powell if he does not step aside when his term at the helm of the central bank expires next …<\/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-51799","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/51799","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=51799"}],"version-history":[{"count":1,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/51799\/revisions"}],"predecessor-version":[{"id":51800,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/51799\/revisions\/51800"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=51799"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=51799"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=51799"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}