{"id":52024,"date":"2026-06-11T18:44:58","date_gmt":"2026-06-11T22:44:58","guid":{"rendered":"https:\/\/prefblog.com\/?p=52024"},"modified":"2026-06-11T18:44:58","modified_gmt":"2026-06-11T22:44:58","slug":"june-11-2026","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=52024","title":{"rendered":"June 11, 2026"},"content":{"rendered":"

US wholesale inflation<\/a> ticked up:<\/p>\n

The Producer Price Index, a closely watched gauge of wholesale inflation, rose 1.1% in May, lifting the annual rate to 6.5%, its highest since November 2022, according to Bureau of Labor Statistics data released Thursday.
…<\/b>
Excluding food and energy prices, a core measurement of PPI rose 0.4% from April, holding at 4.9% annually.<\/p>\n

When also stripping out the price changes for \u201ctrade services\u201d \u2013 a volatile category that measures profit margins for wholesalers and retailers \u2013 in addition to energy and food, that index rose 0.8% in May (a four-year high) and 5.1% annually, the largest rise since October 2022.<\/p><\/blockquote>\n

And the European Central Bank hiked its policy rate<\/a>:<\/p>\n

The European Central Bank on Thursday became the first major central bank to raise interest rates in response to the Iran war as policy makers around the world, including new U.S. Federal Reserve Chair Kevin Warsh, wrestle with how to confront the inflation fed by sharply higher oil prices.<\/p>\n

The ECB\u2019s rate-setting council raised its benchmark rate to 2.25 per cent from 2 per cent, where it had been for a year. The move comes ahead of rate-setting meetings next week at the Fed, the Bank of Japan and the Bank of England.
…<\/b>
The bank\u2019s future decisions depend to a great extent on how long energy prices remain elevated and how high they go, ECB President Christine Lagarde said at a post-decision news conference. She said the bank was \u201cwell positioned to navigate the uncertainty caused by the war\u201d and would \u201cclosely monitor the situation and follow a data-dependent and meeting-by-meeting approach.\u201d She said the bank was \u201cnot pre-committing to a particular rate path.\u201d<\/p>\n

She said oil prices were expected to \u201clift inflation further over the summer\u201d and that inflation was expected to remain \u201cwell above target\u201d into the first half of next year. The Strait of Hormuz has been closed to most ship traffic for 103 days now.<\/p>\n

Central banks in Australia and the Philippines have raises rates since the start of the war, and attention is focusing now on decisions in larger economies. For its part, the U.S. Federal Reserve is expected to keep its key interest rate unchanged when it meets next week with new chair Warsh, appointed earlier this year by President Donald Trump.<\/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>\n5.55 %<\/td>\n5.74 %<\/td>\n25,843<\/td>\n14.73<\/td>\n1<\/td>\n2.0173 %<\/td>\n2,640.8<\/td>\n<\/tr>\n
FixedFloater<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.6776 %<\/td>\n5,019.8<\/td>\n<\/tr>\n
Floater<\/td>\n5.42 %<\/td>\n5.64 %<\/td>\n38,728<\/td>\n14.37<\/td>\n3<\/td>\n0.6776 %<\/td>\n2,892.9<\/td>\n<\/tr>\n
OpRet<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.0396 %<\/td>\n3,639.7<\/td>\n<\/tr>\n
SplitShare<\/td>\n4.79 %<\/td>\n4.35 %<\/td>\n49,209<\/td>\n2.77<\/td>\n5<\/td>\n0.0396 %<\/td>\n4,346.5<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.0396 %<\/td>\n3,391.3<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.68 %<\/td>\n5.56 %<\/td>\n75,055<\/td>\n6.54<\/td>\n7<\/td>\n-0.0678 %<\/td>\n3,075.7<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n5.58 %<\/td>\n5.64 %<\/td>\n41,212<\/td>\n14.38<\/td>\n28<\/td>\n0.0330 %<\/td>\n3,378.4<\/td>\n<\/tr>\n
FixedReset Disc<\/td>\n5.63 %<\/td>\n5.98 %<\/td>\n128,444<\/td>\n13.79<\/td>\n19<\/td>\n0.0205 %<\/td>\n3,302.0<\/td>\n<\/tr>\n
Insurance Straight<\/td>\n5.46 %<\/td>\n5.55 %<\/td>\n46,877<\/td>\n14.60<\/td>\n22<\/td>\n0.1601 %<\/td>\n3,301.3<\/td>\n<\/tr>\n
FloatingReset<\/td>\n4.64 %<\/td>\n4.65 %<\/td>\n25,669<\/td>\n16.21<\/td>\n1<\/td>\n-1.2346 %<\/td>\n4,103.5<\/td>\n<\/tr>\n
FixedReset Prem<\/td>\n5.93 %<\/td>\n4.70 %<\/td>\n90,812<\/td>\n2.26<\/td>\n29<\/td>\n-0.0308 %<\/td>\n2,649.2<\/td>\n<\/tr>\n
FixedReset Bank Non<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.0205 %<\/td>\n3,375.3<\/td>\n<\/tr>\n
FixedReset Ins Non<\/td>\n5.14 %<\/td>\n5.40 %<\/td>\n71,236<\/td>\n14.48<\/td>\n14<\/td>\n0.0090 %<\/td>\n3,213.8<\/td>\n<\/tr>\n<\/table>\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
SLF.PR.H<\/td>\nFixedReset Ins Non<\/td>\n-1.63 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-06-11
\nMaturity Price : 23.24
\nEvaluated at bid price : 24.16
\nBid-YTW : 5.43 %<\/td>\n<\/tr>\n
FTS.PR.F<\/td>\nPerpetual-Discount<\/td>\n-1.40 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-06-11
\nMaturity Price : 22.25
\nEvaluated at bid price : 22.52
\nBid-YTW : 5.47 %<\/td>\n<\/tr>\n
SLF.PR.J<\/td>\nFloatingReset<\/td>\n-1.23 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-06-11
\nMaturity Price : 20.00
\nEvaluated at bid price : 20.00
\nBid-YTW : 4.65 %<\/td>\n<\/tr>\n
CU.PR.G<\/td>\nPerpetual-Discount<\/td>\n-1.17 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-06-11
\nMaturity Price : 20.30
\nEvaluated at bid price : 20.30
\nBid-YTW : 5.59 %<\/td>\n<\/tr>\n
FTS.PR.M<\/td>\nFixedReset Prem<\/td>\n-1.04 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-06-11
\nMaturity Price : 23.26
\nEvaluated at bid price : 24.85
\nBid-YTW : 5.60 %<\/td>\n<\/tr>\n
SLF.PR.E<\/td>\nInsurance Straight<\/td>\n1.06 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-06-11
\nMaturity Price : 21.64
\nEvaluated at bid price : 21.89
\nBid-YTW : 5.14 %<\/td>\n<\/tr>\n
GWO.PR.R<\/td>\nInsurance Straight<\/td>\n1.07 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-06-11
\nMaturity Price : 21.36
\nEvaluated at bid price : 21.63
\nBid-YTW : 5.55 %<\/td>\n<\/tr>\n
SLF.PR.D<\/td>\nInsurance Straight<\/td>\n1.11 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-06-11
\nMaturity Price : 21.58
\nEvaluated at bid price : 21.84
\nBid-YTW : 5.09 %<\/td>\n<\/tr>\n
GWO.PR.Q<\/td>\nInsurance Straight<\/td>\n1.32 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-06-11
\nMaturity Price : 22.82
\nEvaluated at bid price : 23.10
\nBid-YTW : 5.58 %<\/td>\n<\/tr>\n
BN.PR.B<\/td>\nFloater<\/td>\n1.73 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-06-11
\nMaturity Price : 14.09
\nEvaluated at bid price : 14.09
\nBid-YTW : 5.64 %<\/td>\n<\/tr>\n
BN.PF.K<\/td>\nRatchet<\/td>\n2.02 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-06-11
\nMaturity Price : 19.39
\nEvaluated at bid price : 17.70
\nBid-YTW : 5.74 %<\/td>\n<\/tr>\n
GWO.PR.N<\/td>\nFixedReset Ins Non<\/td>\n2.53 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-06-11
\nMaturity Price : 19.48
\nEvaluated at bid price : 19.48
\nBid-YTW : 5.60 %<\/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
SLF.PR.J<\/td>\nFloatingReset<\/td>\n125,700<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-06-11
\nMaturity Price : 20.00
\nEvaluated at bid price : 20.00
\nBid-YTW : 4.65 %<\/td>\n<\/tr>\n
ENB.PR.J<\/td>\nFixedReset Disc<\/td>\n35,100<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-06-11
\nMaturity Price : 22.95
\nEvaluated at bid price : 23.86
\nBid-YTW : 6.05 %<\/td>\n<\/tr>\n
FFH.PR.K<\/td>\nFixedReset Prem<\/td>\n30,660<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2027-03-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.36
\nBid-YTW : 4.50 %<\/td>\n<\/tr>\n
ENB.PF.A<\/td>\nFixedReset Disc<\/td>\n25,178<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-06-11
\nMaturity Price : 22.84
\nEvaluated at bid price : 23.85
\nBid-YTW : 6.06 %<\/td>\n<\/tr>\n
SLF.PR.C<\/td>\nInsurance Straight<\/td>\n18,500<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-06-11
\nMaturity Price : 21.56
\nEvaluated at bid price : 21.82
\nBid-YTW : 5.10 %<\/td>\n<\/tr>\n
ENB.PR.P<\/td>\nFixedReset Disc<\/td>\n18,300<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-06-11
\nMaturity Price : 22.95
\nEvaluated at bid price : 23.87
\nBid-YTW : 5.98 %<\/td>\n<\/tr>\n
There were 4 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
ENB.PF.E<\/td>\nFixedReset Disc<\/td>\nQuote: 23.28 – 24.70
\nSpot Rate : 1.4200
\nAverage : 0.9927<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-06-11
\nMaturity Price : 22.50
\nEvaluated at bid price : 23.28
\nBid-YTW : 6.14 %<\/td>\n<\/tr>\n

CU.PR.J<\/td>\nPerpetual-Discount<\/td>\nQuote: 21.66 – 23.00
\nSpot Rate : 1.3400
\nAverage : 0.9657<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-06-11
\nMaturity Price : 21.66
\nEvaluated at bid price : 21.66
\nBid-YTW : 5.53 %<\/td>\n<\/tr>\n

BN.PR.B<\/td>\nFloater<\/td>\nQuote: 14.09 – 15.17
\nSpot Rate : 1.0800
\nAverage : 0.8295<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-06-11
\nMaturity Price : 14.09
\nEvaluated at bid price : 14.09
\nBid-YTW : 5.64 %<\/td>\n<\/tr>\n

ENB.PR.H<\/td>\nFixedReset Disc<\/td>\nQuote: 23.70 – 24.50
\nSpot Rate : 0.8000
\nAverage : 0.5576<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-06-11
\nMaturity Price : 22.95
\nEvaluated at bid price : 23.70
\nBid-YTW : 5.70 %<\/td>\n<\/tr>\n

CU.PR.G<\/td>\nPerpetual-Discount<\/td>\nQuote: 20.30 – 20.80
\nSpot Rate : 0.5000
\nAverage : 0.3248<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-06-11
\nMaturity Price : 20.30
\nEvaluated at bid price : 20.30
\nBid-YTW : 5.59 %<\/td>\n<\/tr>\n

ENB.PF.K<\/td>\nFixedReset Prem<\/td>\nQuote: 25.50 – 25.85
\nSpot Rate : 0.3500
\nAverage : 0.2188<\/p>\n

YTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2028-03-01
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.50
\nBid-YTW : 5.13 %<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

US wholesale inflation ticked up: The Producer Price Index, a closely watched gauge of wholesale inflation, rose 1.1% in May, lifting the annual rate to 6.5%, its highest since November 2022, according to Bureau of …<\/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-52024","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/52024","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=52024"}],"version-history":[{"count":1,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/52024\/revisions"}],"predecessor-version":[{"id":52025,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/52024\/revisions\/52025"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=52024"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=52024"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=52024"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}