{"id":51757,"date":"2026-04-07T20:55:40","date_gmt":"2026-04-08T00:55:40","guid":{"rendered":"https:\/\/prefblog.com\/?p=51757"},"modified":"2026-04-07T20:55:40","modified_gmt":"2026-04-08T00:55:40","slug":"march-7-2026","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=51757","title":{"rendered":"March 7, 2026"},"content":{"rendered":"<p>The New York Fed published the latest <a href=\"https:\/\/www.newyorkfed.org\/microeconomics\/sce#\/\">Survey of Consumer Expectations<\/a>:<\/p>\n<blockquote><p>March Survey: Short-Term Inflation Expectations Rise as Gas Price Growth Expectations Surge; Labor Expectations Come in Mixed<\/p>\n<ul>\n<li>Median inflation expectations increased by 0.4 percentage point (ppt) to 3.4 percent at the one-year-ahead horizon, increased by 0.1 ppt to 3.1 percent at the three-year-ahead horizon, and were unchanged at 3.0 percent at the five-year-ahead horizon in March.\n<li>Median year-ahead commodity price change expectations increased by 5.3 ppts for gas to 9.4 percent, the highest reading since March 2022.\n<li>The mean perceived probability of finding a job if one\u2019s current job was lost increased by 1.9 ppts to 45.9 percent; however, the mean perceived probability of losing one\u2019s job in the next twelve months also increased by 0.6 ppt to 14.4 percent.\n<li>Perceptions about households\u2019 current financial situations deteriorated compared to a year ago, with a larger share of households reporting a worse financial situation and a smaller share reporting a better financial situation. Year-ahead expectations about households\u2019 financial situations also worsened, with the share of households expecting a worse financial situation at its highest level since April 2025.<\/ul>\n<p>For more details:<br \/>\nPress Release: Short-Term Inflation Expectations Increase as Gas Price Growth Expectations Spike<\/p><\/blockquote>\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>0.00 %<\/td>\n<td>0.00 %<\/td>\n<td>0<\/td>\n<td>0.00<\/td>\n<td>0<\/td>\n<td>-0.1678 %<\/td>\n<td>2,489.4<\/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>-0.1678 %<\/td>\n<td>4,720.2<\/td>\n<\/tr>\n<tr>\n<td>Floater<\/td>\n<td>5.82 %<\/td>\n<td>5.97 %<\/td>\n<td>25,462<\/td>\n<td>13.97<\/td>\n<td>4<\/td>\n<td>-0.1678 %<\/td>\n<td>2,720.3<\/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>0.0553 %<\/td>\n<td>3,655.2<\/td>\n<\/tr>\n<tr>\n<td>SplitShare<\/td>\n<td>4.78 %<\/td>\n<td>4.52 %<\/td>\n<td>71,467<\/td>\n<td>2.91<\/td>\n<td>5<\/td>\n<td>0.0553 %<\/td>\n<td>4,365.1<\/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>0.0553 %<\/td>\n<td>3,405.8<\/td>\n<\/tr>\n<tr>\n<td>Perpetual-Premium<\/td>\n<td>5.85 %<\/td>\n<td>5.96 %<\/td>\n<td>54,238<\/td>\n<td>13.84<\/td>\n<td>1<\/td>\n<td>-0.1980 %<\/td>\n<td>3,025.7<\/td>\n<\/tr>\n<tr>\n<td>Perpetual-Discount<\/td>\n<td>5.76 %<\/td>\n<td>5.80 %<\/td>\n<td>49,980<\/td>\n<td>14.17<\/td>\n<td>34<\/td>\n<td>0.0301 %<\/td>\n<td>3,290.0<\/td>\n<\/tr>\n<tr>\n<td>FixedReset Disc<\/td>\n<td>5.90 %<\/td>\n<td>6.10 %<\/td>\n<td>104,575<\/td>\n<td>13.68<\/td>\n<td>27<\/td>\n<td>-0.2694 %<\/td>\n<td>3,192.5<\/td>\n<\/tr>\n<tr>\n<td>Insurance Straight<\/td>\n<td>5.66 %<\/td>\n<td>5.78 %<\/td>\n<td>63,604<\/td>\n<td>14.26<\/td>\n<td>22<\/td>\n<td>0.0635 %<\/td>\n<td>3,213.7<\/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>-0.2694 %<\/td>\n<td>3,797.8<\/td>\n<\/tr>\n<tr>\n<td>FixedReset Prem<\/td>\n<td>6.02 %<\/td>\n<td>4.71 %<\/td>\n<td>87,105<\/td>\n<td>2.39<\/td>\n<td>21<\/td>\n<td>-0.2521 %<\/td>\n<td>2,635.8<\/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>-0.2694 %<\/td>\n<td>3,263.4<\/td>\n<\/tr>\n<tr>\n<td>FixedReset Ins Non<\/td>\n<td>5.26 %<\/td>\n<td>5.51 %<\/td>\n<td>80,600<\/td>\n<td>14.35<\/td>\n<td>14<\/td>\n<td>0.2203 %<\/td>\n<td>3,145.1<\/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>ENB.PR.Y<\/td>\n<td>FixedReset Disc<\/td>\n<td>-4.44 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2056-04-07<br \/>\nMaturity Price  : 20.66<br \/>\nEvaluated at bid price : 20.66<br \/>\nBid-YTW : 6.69 %<\/td>\n<\/tr>\n<tr>\n<td>ENB.PF.G<\/td>\n<td>FixedReset Disc<\/td>\n<td>-3.46 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2056-04-07<br \/>\nMaturity Price  : 21.87<br \/>\nEvaluated at bid price : 22.30<br \/>\nBid-YTW : 6.52 %<\/td>\n<\/tr>\n<tr>\n<td>NA.PR.G<\/td>\n<td>FixedReset Prem<\/td>\n<td>-2.51 %<\/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 : 25.65<br \/>\nBid-YTW : 5.70 %<\/td>\n<\/tr>\n<tr>\n<td>GWO.PR.T<\/td>\n<td>Insurance Straight<\/td>\n<td>-2.32 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2056-04-07<br \/>\nMaturity Price  : 21.67<br \/>\nEvaluated at bid price : 21.92<br \/>\nBid-YTW : 5.91 %<\/td>\n<\/tr>\n<tr>\n<td>ENB.PF.C<\/td>\n<td>FixedReset Disc<\/td>\n<td>-1.72 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2056-04-07<br \/>\nMaturity Price  : 21.92<br \/>\nEvaluated at bid price : 22.32<br \/>\nBid-YTW : 6.44 %<\/td>\n<\/tr>\n<tr>\n<td>BN.PF.G<\/td>\n<td>FixedReset Disc<\/td>\n<td>-1.72 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2056-04-07<br \/>\nMaturity Price  : 22.85<br \/>\nEvaluated at bid price : 24.04<br \/>\nBid-YTW : 6.10 %<\/td>\n<\/tr>\n<tr>\n<td>ENB.PF.K<\/td>\n<td>FixedReset Prem<\/td>\n<td>-1.17 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Call<br \/>\nMaturity Date\t: 2028-03-01<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 25.25<br \/>\nBid-YTW : 6.04 %<\/td>\n<\/tr>\n<tr>\n<td>BN.PF.E<\/td>\n<td>FixedReset Disc<\/td>\n<td>-1.05 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2056-04-07<br \/>\nMaturity Price  : 22.59<br \/>\nEvaluated at bid price : 23.45<br \/>\nBid-YTW : 5.91 %<\/td>\n<\/tr>\n<tr>\n<td>GWO.PR.Y<\/td>\n<td>Insurance Straight<\/td>\n<td>1.01 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2056-04-07<br \/>\nMaturity Price  : 20.00<br \/>\nEvaluated at bid price : 20.00<br \/>\nBid-YTW : 5.67 %<\/td>\n<\/tr>\n<tr>\n<td>IFC.PR.I<\/td>\n<td>Insurance Straight<\/td>\n<td>1.17 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2056-04-07<br \/>\nMaturity Price  : 23.81<br \/>\nEvaluated at bid price : 24.25<br \/>\nBid-YTW : 5.59 %<\/td>\n<\/tr>\n<tr>\n<td>PWF.PR.P<\/td>\n<td>FixedReset Disc<\/td>\n<td>1.28 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2056-04-07<br \/>\nMaturity Price  : 20.56<br \/>\nEvaluated at bid price : 20.56<br \/>\nBid-YTW : 5.80 %<\/td>\n<\/tr>\n<tr>\n<td>CU.PR.C<\/td>\n<td>FixedReset Disc<\/td>\n<td>2.45 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2056-04-07<br \/>\nMaturity Price  : 24.31<br \/>\nEvaluated at bid price : 24.69<br \/>\nBid-YTW : 5.61 %<\/td>\n<\/tr>\n<tr>\n<td>SLF.PR.H<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>2.45 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2056-04-07<br \/>\nMaturity Price  : 22.25<br \/>\nEvaluated at bid price : 23.00<br \/>\nBid-YTW : 5.66 %<\/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.G<\/td>\n<td>Insurance Straight<\/td>\n<td>54,900<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2056-04-07<br \/>\nMaturity Price  : 22.35<br \/>\nEvaluated at bid price : 22.62<br \/>\nBid-YTW : 5.78 %<\/td>\n<\/tr>\n<tr>\n<td>FTS.PR.H<\/td>\n<td>FixedReset Disc<\/td>\n<td>50,600<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2056-04-07<br \/>\nMaturity Price  : 19.95<br \/>\nEvaluated at bid price : 19.95<br \/>\nBid-YTW : 5.67 %<\/td>\n<\/tr>\n<tr>\n<td>GWO.PR.L<\/td>\n<td>Insurance Straight<\/td>\n<td>32,000<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2056-04-07<br \/>\nMaturity Price  : 24.00<br \/>\nEvaluated at bid price : 24.25<br \/>\nBid-YTW : 5.86 %<\/td>\n<\/tr>\n<tr>\n<td>GWO.PR.P<\/td>\n<td>Insurance Straight<\/td>\n<td>26,600<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2056-04-07<br \/>\nMaturity Price  : 23.16<br \/>\nEvaluated at bid price : 23.42<br \/>\nBid-YTW : 5.80 %<\/td>\n<\/tr>\n<tr>\n<td>MFC.PR.I<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>25,750<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Call<br \/>\nMaturity Date\t: 2027-09-19<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 25.72<br \/>\nBid-YTW : 4.15 %<\/td>\n<\/tr>\n<tr>\n<td>FTS.PR.M<\/td>\n<td>FixedReset Disc<\/td>\n<td>21,300<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2056-04-07<br \/>\nMaturity Price  : 23.16<br \/>\nEvaluated at bid price : 24.64<br \/>\nBid-YTW : 5.65 %<\/td>\n<\/tr>\n<tr>\n<td colspan='4'>There were 12 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>GWO.PR.T<\/td>\n<td>Insurance Straight<\/td>\n<td>Quote: 21.92 &#8211; 25.00<br \/>\nSpot Rate  :  3.0800<br \/>\nAverage  :  2.4065<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2056-04-07<br \/>\nMaturity Price  : 21.67<br \/>\nEvaluated at bid price : 21.92<br \/>\nBid-YTW : 5.91 %<\/td>\n<\/tr>\n<tr>\n<td>MFC.PR.I<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>Quote: 25.72 &#8211; 26.72<br \/>\nSpot Rate  :  1.0000<br \/>\nAverage  :  0.5890<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Call<br \/>\nMaturity Date\t: 2027-09-19<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 25.72<br \/>\nBid-YTW : 4.15 %<\/td>\n<\/tr>\n<tr>\n<td>ENB.PF.G<\/td>\n<td>FixedReset Disc<\/td>\n<td>Quote: 22.30 &#8211; 23.11<br \/>\nSpot Rate  :  0.8100<br \/>\nAverage  :  0.4978<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2056-04-07<br \/>\nMaturity Price  : 21.87<br \/>\nEvaluated at bid price : 22.30<br \/>\nBid-YTW : 6.52 %<\/td>\n<\/tr>\n<tr>\n<td>ENB.PR.Y<\/td>\n<td>FixedReset Disc<\/td>\n<td>Quote: 20.66 &#8211; 21.66<br \/>\nSpot Rate  :  1.0000<br \/>\nAverage  :  0.6923<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2056-04-07<br \/>\nMaturity Price  : 20.66<br \/>\nEvaluated at bid price : 20.66<br \/>\nBid-YTW : 6.69 %<\/td>\n<\/tr>\n<tr>\n<td>NA.PR.G<\/td>\n<td>FixedReset Prem<\/td>\n<td>Quote: 25.65 &#8211; 26.40<br \/>\nSpot Rate  :  0.7500<br \/>\nAverage  :  0.4780<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Call<br \/>\nMaturity Date\t: 2028-11-16<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 25.65<br \/>\nBid-YTW : 5.70 %<\/td>\n<\/tr>\n<tr>\n<td>CU.PR.H<\/td>\n<td>Perpetual-Discount<\/td>\n<td>Quote: 22.93 &#8211; 23.86<br \/>\nSpot Rate  :  0.9300<br \/>\nAverage  :  0.7121<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2056-04-07<br \/>\nMaturity Price  : 22.69<br \/>\nEvaluated at bid price : 22.93<br \/>\nBid-YTW : 5.79 %<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>The New York Fed published the latest Survey of Consumer Expectations: March Survey: Short-Term Inflation Expectations Rise as Gas Price Growth Expectations Surge; Labor Expectations Come in Mixed Median inflation expectations increased by 0.4 percentage &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-51757","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/51757","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=51757"}],"version-history":[{"count":1,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/51757\/revisions"}],"predecessor-version":[{"id":51758,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/51757\/revisions\/51758"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=51757"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=51757"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=51757"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}