It’s a bit odd calling +661,000 a bad jobs number but here we are:
Job growth slowed further in September, as fading government support and the failure to contain the coronavirus threatened to short-circuit the once-promising economic recovery.
Employers brought back 661,000 jobs in September, the Labor Department said Friday. That is down from 1.5 million in August, and far below the 4.8 million jobs added in June. The unemployment rate fell to 7.9 percent, in part because nearly 700,000 people left the labor force.
The monthly report, the last before the presidential election, is the latest sign that the recovery is losing steam. Government data released on Thursday showed that personal income fell in August and that consumer spending grew more slowly as supplemental unemployment benefits expired.
| HIMIPref™ Preferred Indices These values reflect the December 2008 revision of the HIMIPref™ Indices Values are provisional and are finalized monthly |
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| Index | Mean Current Yield (at bid) |
Median YTW |
Median Average Trading Value |
Median Mod Dur (YTW) |
Issues | Day’s Perf. | Index Value |
| Ratchet | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.4825 % | 1,637.3 |
| FixedFloater | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.4825 % | 3,004.4 |
| Floater | 5.20 % | 5.23 % | 53,179 | 15.14 | 3 | -0.4825 % | 1,731.4 |
| OpRet | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.1884 % | 3,509.5 |
| SplitShare | 4.84 % | 4.81 % | 55,755 | 3.60 | 7 | 0.1884 % | 4,191.0 |
| Interest-Bearing | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.1884 % | 3,270.0 |
| Perpetual-Premium | 5.29 % | 0.36 % | 78,792 | 0.09 | 17 | 0.4441 % | 3,179.3 |
| Perpetual-Discount | 5.11 % | 5.13 % | 88,131 | 15.12 | 17 | 0.9350 % | 3,592.1 |
| FixedReset Disc | 5.53 % | 4.22 % | 125,523 | 16.38 | 65 | 0.0724 % | 2,082.0 |
| Deemed-Retractible | 5.10 % | 4.84 % | 105,044 | 15.34 | 22 | 0.3451 % | 3,477.5 |
| FloatingReset | 2.02 % | 2.29 % | 39,298 | 1.31 | 3 | 0.2349 % | 1,801.3 |
| FixedReset Prem | 5.21 % | 4.01 % | 249,847 | 0.78 | 14 | 0.0591 % | 2,629.9 |
| FixedReset Bank Non | 1.94 % | 2.23 % | 139,830 | 1.31 | 2 | 0.2413 % | 2,855.5 |
| FixedReset Ins Non | 5.68 % | 4.37 % | 80,201 | 16.17 | 22 | 0.3409 % | 2,128.5 |
| Performance Highlights | |||
| Issue | Index | Change | Notes |
| BIP.PR.F | FixedReset Disc | -4.98 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-10-02 Maturity Price : 21.38 Evaluated at bid price : 21.38 Bid-YTW : 6.01 % |
| TRP.PR.C | FixedReset Disc | -4.11 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-10-02 Maturity Price : 8.63 Evaluated at bid price : 8.63 Bid-YTW : 5.48 % |
| IAF.PR.G | FixedReset Ins Non | -2.84 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-10-02 Maturity Price : 18.15 Evaluated at bid price : 18.15 Bid-YTW : 4.50 % |
| MFC.PR.H | FixedReset Ins Non | -2.59 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-10-02 Maturity Price : 19.97 Evaluated at bid price : 19.97 Bid-YTW : 4.47 % |
| GWO.PR.N | FixedReset Ins Non | -2.44 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-10-02 Maturity Price : 10.00 Evaluated at bid price : 10.00 Bid-YTW : 4.17 % |
| PWF.PR.T | FixedReset Disc | -2.38 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-10-02 Maturity Price : 16.40 Evaluated at bid price : 16.40 Bid-YTW : 4.65 % |
| MFC.PR.Q | FixedReset Ins Non | -2.38 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-10-02 Maturity Price : 18.05 Evaluated at bid price : 18.05 Bid-YTW : 4.40 % |
| BIP.PR.C | FixedReset Disc | -2.32 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-10-02 Maturity Price : 22.62 Evaluated at bid price : 23.15 Bid-YTW : 5.79 % |
| BIP.PR.D | FixedReset Disc | -2.20 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-10-02 Maturity Price : 21.77 Evaluated at bid price : 22.25 Bid-YTW : 5.63 % |
| BAM.PR.R | FixedReset Disc | -2.11 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-10-02 Maturity Price : 12.50 Evaluated at bid price : 12.50 Bid-YTW : 5.36 % |
| BIP.PR.B | FixedReset Disc | -2.02 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-10-02 Maturity Price : 22.63 Evaluated at bid price : 23.71 Bid-YTW : 5.79 % |
| PWF.PR.P | FixedReset Disc | -1.93 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-10-02 Maturity Price : 10.15 Evaluated at bid price : 10.15 Bid-YTW : 4.90 % |
| TD.PF.E | FixedReset Disc | -1.77 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-10-02 Maturity Price : 19.40 Evaluated at bid price : 19.40 Bid-YTW : 4.21 % |
| BAM.PF.G | FixedReset Disc | -1.76 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-10-02 Maturity Price : 15.05 Evaluated at bid price : 15.05 Bid-YTW : 5.37 % |
| RY.PR.S | FixedReset Disc | -1.71 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-10-02 Maturity Price : 20.10 Evaluated at bid price : 20.10 Bid-YTW : 3.88 % |
| BMO.PR.D | FixedReset Disc | -1.66 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-10-02 Maturity Price : 21.51 Evaluated at bid price : 21.88 Bid-YTW : 4.14 % |
| MFC.PR.R | FixedReset Ins Non | -1.51 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-10-02 Maturity Price : 23.80 Evaluated at bid price : 24.20 Bid-YTW : 4.37 % |
| TD.PF.K | FixedReset Disc | -1.44 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-10-02 Maturity Price : 19.81 Evaluated at bid price : 19.81 Bid-YTW : 4.15 % |
| MFC.PR.I | FixedReset Ins Non | -1.44 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-10-02 Maturity Price : 19.15 Evaluated at bid price : 19.15 Bid-YTW : 4.37 % |
| IFC.PR.A | FixedReset Ins Non | -1.39 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-10-02 Maturity Price : 12.04 Evaluated at bid price : 12.04 Bid-YTW : 4.69 % |
| NA.PR.E | FixedReset Disc | -1.38 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-10-02 Maturity Price : 18.55 Evaluated at bid price : 18.55 Bid-YTW : 4.32 % |
| TD.PF.B | FixedReset Disc | -1.36 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-10-02 Maturity Price : 17.45 Evaluated at bid price : 17.45 Bid-YTW : 4.12 % |
| BIP.PR.E | FixedReset Disc | -1.33 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-10-02 Maturity Price : 21.51 Evaluated at bid price : 21.51 Bid-YTW : 5.86 % |
| SLF.PR.H | FixedReset Ins Non | -1.32 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-10-02 Maturity Price : 15.00 Evaluated at bid price : 15.00 Bid-YTW : 4.25 % |
| TRP.PR.G | FixedReset Disc | -1.23 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-10-02 Maturity Price : 15.21 Evaluated at bid price : 15.21 Bid-YTW : 5.51 % |
| TD.PF.D | FixedReset Disc | -1.14 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-10-02 Maturity Price : 19.00 Evaluated at bid price : 19.00 Bid-YTW : 4.22 % |
| BAM.PR.T | FixedReset Disc | -1.07 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-10-02 Maturity Price : 12.91 Evaluated at bid price : 12.91 Bid-YTW : 5.34 % |
| RY.PR.J | FixedReset Disc | -1.03 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-10-02 Maturity Price : 19.25 Evaluated at bid price : 19.25 Bid-YTW : 4.09 % |
| TRP.PR.D | FixedReset Disc | -1.02 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-10-02 Maturity Price : 13.56 Evaluated at bid price : 13.56 Bid-YTW : 5.48 % |
| IAF.PR.I | FixedReset Ins Non | -1.02 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-10-02 Maturity Price : 19.40 Evaluated at bid price : 19.40 Bid-YTW : 4.33 % |
| CU.PR.G | Perpetual-Discount | 1.03 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-10-02 Maturity Price : 23.17 Evaluated at bid price : 23.59 Bid-YTW : 4.80 % |
| IAF.PR.B | Deemed-Retractible | 1.05 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-10-02 Maturity Price : 23.70 Evaluated at bid price : 24.01 Bid-YTW : 4.80 % |
| TRP.PR.B | FixedReset Disc | 1.08 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-10-02 Maturity Price : 8.45 Evaluated at bid price : 8.45 Bid-YTW : 4.90 % |
| BAM.PF.D | Perpetual-Discount | 1.12 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-10-02 Maturity Price : 23.14 Evaluated at bid price : 23.43 Bid-YTW : 5.25 % |
| MFC.PR.M | FixedReset Ins Non | 1.14 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-10-02 Maturity Price : 16.80 Evaluated at bid price : 16.80 Bid-YTW : 4.42 % |
| CU.PR.E | Perpetual-Discount | 1.17 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-10-02 Maturity Price : 24.77 Evaluated at bid price : 25.08 Bid-YTW : 4.92 % |
| TD.PF.L | FixedReset Disc | 1.24 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-10-02 Maturity Price : 23.09 Evaluated at bid price : 24.45 Bid-YTW : 3.97 % |
| CM.PR.T | FixedReset Disc | 1.26 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-10-02 Maturity Price : 22.95 Evaluated at bid price : 24.10 Bid-YTW : 4.02 % |
| BAM.PF.C | Perpetual-Discount | 1.33 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-10-02 Maturity Price : 22.60 Evaluated at bid price : 22.87 Bid-YTW : 5.32 % |
| BAM.PR.N | Perpetual-Discount | 1.35 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-10-02 Maturity Price : 22.22 Evaluated at bid price : 22.50 Bid-YTW : 5.30 % |
| TRP.PR.K | FixedReset Disc | 1.39 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-10-02 Maturity Price : 23.62 Evaluated at bid price : 24.84 Bid-YTW : 4.92 % |
| BAM.PF.A | FixedReset Disc | 1.43 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-10-02 Maturity Price : 17.00 Evaluated at bid price : 17.00 Bid-YTW : 5.27 % |
| CU.PR.F | Perpetual-Discount | 1.59 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-10-02 Maturity Price : 23.24 Evaluated at bid price : 23.71 Bid-YTW : 4.77 % |
| BAM.PR.M | Perpetual-Discount | 1.61 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-10-02 Maturity Price : 22.41 Evaluated at bid price : 22.67 Bid-YTW : 5.26 % |
| GWO.PR.R | Deemed-Retractible | 1.80 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-10-02 Maturity Price : 24.11 Evaluated at bid price : 24.38 Bid-YTW : 4.94 % |
| POW.PR.D | Perpetual-Discount | 2.06 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-10-02 Maturity Price : 24.55 Evaluated at bid price : 24.80 Bid-YTW : 5.05 % |
| POW.PR.B | Perpetual-Discount | 2.54 % | YTW SCENARIO Maturity Type : Call Maturity Date : 2020-11-01 Maturity Price : 25.00 Evaluated at bid price : 25.48 Bid-YTW : -19.15 % |
| MFC.PR.K | FixedReset Ins Non | 2.77 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-10-02 Maturity Price : 16.71 Evaluated at bid price : 16.71 Bid-YTW : 4.30 % |
| IFC.PR.G | FixedReset Ins Non | 3.40 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-10-02 Maturity Price : 17.62 Evaluated at bid price : 17.62 Bid-YTW : 4.55 % |
| MFC.PR.G | FixedReset Ins Non | 20.77 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-10-02 Maturity Price : 18.72 Evaluated at bid price : 18.72 Bid-YTW : 4.42 % |
| RY.PR.M | FixedReset Disc | 55.34 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-10-02 Maturity Price : 18.61 Evaluated at bid price : 18.61 Bid-YTW : 4.04 % |
| Volume Highlights | |||
| Issue | Index | Shares Traded |
Notes |
| TD.PF.C | FixedReset Disc | 131,271 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-10-02 Maturity Price : 18.25 Evaluated at bid price : 18.25 Bid-YTW : 4.01 % |
| TD.PF.L | FixedReset Disc | 125,900 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-10-02 Maturity Price : 23.09 Evaluated at bid price : 24.45 Bid-YTW : 3.97 % |
| SLF.PR.A | Deemed-Retractible | 102,265 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-10-02 Maturity Price : 23.93 Evaluated at bid price : 24.17 Bid-YTW : 4.93 % |
| CM.PR.P | FixedReset Disc | 91,080 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-10-02 Maturity Price : 17.67 Evaluated at bid price : 17.67 Bid-YTW : 4.09 % |
| TD.PF.M | FixedReset Disc | 78,040 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-10-02 Maturity Price : 23.23 Evaluated at bid price : 24.90 Bid-YTW : 4.12 % |
| BMO.PR.C | FixedReset Disc | 54,397 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-10-02 Maturity Price : 23.00 Evaluated at bid price : 23.40 Bid-YTW : 4.02 % |
| There were 44 other index-included issues trading in excess of 10,000 shares. | |||
| Wide Spread Highlights | ||
| Issue | Index | Quote Data and Yield Notes |
| PWF.PR.T | FixedReset Disc | Quote: 16.40 – 17.98 Spot Rate : 1.5800 Average : 1.0711 YTW SCENARIO |
| CU.PR.C | FixedReset Disc | Quote: 16.10 – 18.00 Spot Rate : 1.9000 Average : 1.5208 YTW SCENARIO |
| GWO.PR.G | Deemed-Retractible | Quote: 25.12 – 25.99 Spot Rate : 0.8700 Average : 0.4971 YTW SCENARIO |
| BIP.PR.F | FixedReset Disc | Quote: 21.38 – 22.30 Spot Rate : 0.9200 Average : 0.6520 YTW SCENARIO |
| BIP.PR.B | FixedReset Disc | Quote: 23.71 – 24.45 Spot Rate : 0.7400 Average : 0.5418 YTW SCENARIO |
| NA.PR.E | FixedReset Disc | Quote: 18.55 – 18.99 Spot Rate : 0.4400 Average : 0.2676 YTW SCENARIO |