{"id":48591,"date":"2017-07-07T22:51:00","date_gmt":"2017-07-08T02:51:00","guid":{"rendered":"https:\/\/prefblog.com\/?p=48591"},"modified":"2025-07-22T22:52:50","modified_gmt":"2025-07-23T02:52:50","slug":"july-7-2017","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=48591","title":{"rendered":"July 7, 2017"},"content":{"rendered":"

Jobs, jobs, jobs<\/a>!<\/p>\n

U.S. hiring picked up in June while wage gains disappointed yet again, a mix that may continue to be a puzzle for the economy and policy makers, Labor Department figures showed Friday.<\/p>\n

Highlights of Employment (June) <\/p>\n

\u2022Payrolls rose 222k (est. 178k); April-May revisions added 47k jobs
\n\u2022Unemployment rate, derived from a separate survey of households, rose to 4.4% (est. 4.3%) from 16-year low of 4.3%
\n\u2022Average hourly earnings rose by 0.2% m\/m (est. 0.3% rise); up 2.5% y\/y (est. 2.6%)<\/p>\n<\/blockquote>\n

… but there are worries about wages<\/a>:<\/p>\n

While payrolls grew by more than analysts forecast and the unemployment rate barely ticked up from a 16-year low, worker pay rose a less-than-expected 2.5 percent in June from a year earlier. Separate figures on labor flows showed a record number of people found employment after joining the workforce, helping push up the participation rate.<\/p>\n

The entry of so many people is a sign that the labor market is still absorbing slack, supporting the views of both President Donald Trump — who has talked about the need to get millions of Americans into jobs — and Federal Reserve Chair Janet Yellen, who has mentioned the pool of those who could still find work.<\/p>\n

That could help explain part of the puzzle of why hiring has shown sustained strength at the same time that worker pay has been relatively weak. One hope is that a tight labor market will eventually result in an acceleration in wages, but with more people getting into the labor force, that threshold may still be some ways away.<\/p>\n<\/blockquote>\n

and here in the frozen North<\/a>:<\/p>\n

Canada added more than four times the number of jobs economists had expected in June, capping the best quarter since 2010 and solidifying the view the Bank of Canada will raise interest rates at its meeting next week.<\/p>\n

The 45,300 gain was the seventh in a row, taking the jobless rate to 6.5 percent from 6.6 percent, Statistics Canada reported Friday from Ottawa. Economists surveyed by Bloomberg projected a 10,000 job increase, with the highest prediction at 21,400, and no change in the unemployment rate.<\/p>\n

Faster employment growth adds to evidence of a broadening economic recovery. Bank of Canada Governor Stephen Poloz has touted the improvement in recent weeks and signaled it may be time to raise interest rates from extraordinarily low levels.<\/p>\n<\/blockquote>\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-0.3866 %<\/td>\n2,304.5<\/td>\n<\/tr>\n
FixedFloater<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.3866 %<\/td>\n4,228.6<\/td>\n<\/tr>\n
Floater<\/td>\n3.44 %<\/td>\n3.45 %<\/td>\n80,187<\/td>\n18.66<\/td>\n3<\/td>\n-0.3866 %<\/td>\n2,437.0<\/td>\n<\/tr>\n
OpRet<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.0312 %<\/td>\n3,069.7<\/td>\n<\/tr>\n
SplitShare<\/td>\n4.69 %<\/td>\n4.25 %<\/td>\n60,414<\/td>\n1.45<\/td>\n5<\/td>\n-0.0312 %<\/td>\n3,665.9<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.0312 %<\/td>\n2,860.3<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.35 %<\/td>\n4.30 %<\/td>\n72,745<\/td>\n0.09<\/td>\n21<\/td>\n-0.0056 %<\/td>\n2,786.0<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n5.22 %<\/td>\n5.19 %<\/td>\n85,814<\/td>\n15.19<\/td>\n15<\/td>\n-0.4519 %<\/td>\n2,961.1<\/td>\n<\/tr>\n
FixedReset<\/td>\n4.35 %<\/td>\n4.30 %<\/td>\n190,591<\/td>\n6.43<\/td>\n97<\/td>\n0.1592 %<\/td>\n2,387.9<\/td>\n<\/tr>\n
Deemed-Retractible<\/td>\n5.02 %<\/td>\n5.24 %<\/td>\n116,888<\/td>\n6.19<\/td>\n30<\/td>\n-0.1779 %<\/td>\n2,884.1<\/td>\n<\/tr>\n
FloatingReset<\/td>\n2.65 %<\/td>\n3.03 %<\/td>\n49,272<\/td>\n4.32<\/td>\n10<\/td>\n0.1969 %<\/td>\n2,597.4<\/td>\n<\/tr>\n<\/table>\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
IAG.PR.A<\/td>\nDeemed-Retractible<\/td>\n-1.44 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 22.52
\nBid-YTW : 6.32 %<\/td>\n<\/tr>\n
BAM.PF.C<\/td>\nPerpetual-Discount<\/td>\n-1.33 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2047-07-07
\nMaturity Price : 21.99
\nEvaluated at bid price : 22.32
\nBid-YTW : 5.46 %<\/td>\n<\/tr>\n
TD.PF.H<\/td>\nFixedReset<\/td>\n-1.31 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2021-10-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.70
\nBid-YTW : 4.08 %<\/td>\n<\/tr>\n
BAM.PR.N<\/td>\nPerpetual-Discount<\/td>\n-1.04 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2047-07-07
\nMaturity Price : 21.63
\nEvaluated at bid price : 21.88
\nBid-YTW : 5.46 %<\/td>\n<\/tr>\n
MFC.PR.H<\/td>\nFixedReset<\/td>\n1.05 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.03
\nBid-YTW : 4.61 %<\/td>\n<\/tr>\n
IFC.PR.C<\/td>\nFixedReset<\/td>\n1.08 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 22.50
\nBid-YTW : 5.31 %<\/td>\n<\/tr>\n
SLF.PR.G<\/td>\nFixedReset<\/td>\n1.17 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 17.31
\nBid-YTW : 8.16 %<\/td>\n<\/tr>\n
TRP.PR.B<\/td>\nFixedReset<\/td>\n1.27 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2047-07-07
\nMaturity Price : 15.20
\nEvaluated at bid price : 15.20
\nBid-YTW : 4.36 %<\/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
RY.PR.C<\/td>\nDeemed-Retractible<\/td>\n149,990<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2017-08-06
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.26
\nBid-YTW : -1.30 %<\/td>\n<\/tr>\n
BAM.PR.R<\/td>\nFixedReset<\/td>\n101,670<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2047-07-07
\nMaturity Price : 19.95
\nEvaluated at bid price : 19.95
\nBid-YTW : 4.53 %<\/td>\n<\/tr>\n
BAM.PF.C<\/td>\nPerpetual-Discount<\/td>\n94,320<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2047-07-07
\nMaturity Price : 21.99
\nEvaluated at bid price : 22.32
\nBid-YTW : 5.46 %<\/td>\n<\/tr>\n
W.PR.M<\/td>\nFixedReset<\/td>\n83,700<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2021-10-15
\nMaturity Price : 25.00
\nEvaluated at bid price : 26.06
\nBid-YTW : 4.11 %<\/td>\n<\/tr>\n
TRP.PR.A<\/td>\nFixedReset<\/td>\n74,600<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2047-07-07
\nMaturity Price : 19.45
\nEvaluated at bid price : 19.45
\nBid-YTW : 4.33 %<\/td>\n<\/tr>\n
NA.PR.W<\/td>\nFixedReset<\/td>\n71,900<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2047-07-07
\nMaturity Price : 21.45
\nEvaluated at bid price : 21.45
\nBid-YTW : 4.33 %<\/td>\n<\/tr>\n
There were 35 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
TRP.PR.A<\/td>\nFixedReset<\/td>\nQuote: 19.45 – 19.87
\nSpot Rate : 0.4200
\nAverage : 0.2551<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2047-07-07
\nMaturity Price : 19.45
\nEvaluated at bid price : 19.45
\nBid-YTW : 4.33 %<\/td>\n<\/tr>\n

TD.PF.H<\/td>\nFixedReset<\/td>\nQuote: 25.70 – 26.09
\nSpot Rate : 0.3900
\nAverage : 0.2293<\/p>\n

YTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2021-10-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.70
\nBid-YTW : 4.08 %<\/td>\n<\/tr>\n

MFC.PR.L<\/td>\nFixedReset<\/td>\nQuote: 21.11 – 21.52
\nSpot Rate : 0.4100
\nAverage : 0.2705<\/p>\n

YTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 21.11
\nBid-YTW : 6.37 %<\/td>\n<\/tr>\n

MFC.PR.I<\/td>\nFixedReset<\/td>\nQuote: 23.99 – 24.22
\nSpot Rate : 0.2300
\nAverage : 0.1343<\/p>\n

YTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 23.99
\nBid-YTW : 5.01 %<\/td>\n<\/tr>\n

PWF.PR.T<\/td>\nFixedReset<\/td>\nQuote: 22.90 – 23.22
\nSpot Rate : 0.3200
\nAverage : 0.2351<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2047-07-07
\nMaturity Price : 22.51
\nEvaluated at bid price : 22.90
\nBid-YTW : 4.17 %<\/td>\n<\/tr>\n

TRP.PR.E<\/td>\nFixedReset<\/td>\nQuote: 22.55 – 22.75
\nSpot Rate : 0.2000
\nAverage : 0.1292<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2047-07-07
\nMaturity Price : 22.22
\nEvaluated at bid price : 22.55
\nBid-YTW : 4.24 %<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Jobs, jobs, jobs! U.S. hiring picked up in June while wage gains disappointed yet again, a mix that may continue to be a puzzle for the economy and policy makers, Labor Department figures showed Friday. …<\/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-48591","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/48591","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=48591"}],"version-history":[{"count":1,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/48591\/revisions"}],"predecessor-version":[{"id":48592,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/48591\/revisions\/48592"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=48591"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=48591"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=48591"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}