{"id":52566,"date":"2026-09-10T21:34:20","date_gmt":"2026-09-11T01:34:20","guid":{"rendered":"https:\/\/prefblog.com\/?p=52566"},"modified":"2026-09-10T21:34:20","modified_gmt":"2026-09-11T01:34:20","slug":"september-10-2026","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=52566","title":{"rendered":"September 10, 2026"},"content":{"rendered":"

OK, so the US PPI jumped<\/a> a bit in August:<\/p>\n

The Labor Department\u2019s producer price index \u2013 which captures inflation before it reaches consumers \u2013 rose 5.4 per cent in August from a year ago, up from 4.8 per cent in July, the government said Thursday. Annual wholesale inflation peaked this year at 5.9 per cent in May after the Iran conflict raised energy costs. On a monthly basis, wholesale prices increased 0.4 per cent from July to August, after a 0.1-per-cent increase the previous month.<\/p><\/blockquote>\n

And investors were uninspired<\/a> by the latest iteration of Operation Twist:<\/p>\n

Treasury said \u2060on Wednesday \u200bit would buy as much as US$6 billion of debt maturing in 10 to 20 years in its next buyback operation, up from a $2 billion maximum previously. The amount was higher than the $4 billion minimum Treasury Secretary Scott Bessent outlined last month as part of an effort to improve liquidity in long-dated debt. That buyback was scheduled on Thursday.<\/p>\n

But that was not enough \u200bto satisfy a market that has become increasingly concerned about the government\u2019s capacity \u200cto support longer-dated Treasuries at a time when a generally stable economy and expanding deficits are pushing yields up.<\/p>\n

The benchmark 10-year Treasury yield rose to its highest since November 2023 after the announcement, while the 20-year yield climbed to a three-week peak, as did the 30-year yield. Yields rise when prices fall.<\/p>\n

U.S. yields extended their rise on Thursday after producer prices increased in August, and oil prices rose above $100 per barrel.<\/p><\/blockquote>\n

And bond yield jumped<\/a>:<\/p>\n

U.S. Treasury yields climbed on Thursday after the latest inflation reading pushed up expectations for a Federal Reserve interest rate hike next week, while soaring oil prices exacerbated inflation worries.<\/p>\n

Canadian bond yields largely followed along, with both five-year and 10-year government yields up about 10 basis points. The Canadian five-year – key to fixed mortgage pricing – reached 3.641% by late afternoon, its highest since mid-2024.
…<\/b>
The yield on benchmark U.S. 10-year notes rose 10.93 basis points to 4.946%, hitting its highest levels since October 2023.<\/p>\n

The 30-year bond yield rose 7.27 basis points to 5.3587%, reaching its highest point since June 2007.<\/p>\n

The 2-year note yield, which typically moves in step with interest rate expectations for the Federal Reserve, rose \u206013.33 basis points to 4.56%, touching its highest point since July 2024.<\/p><\/blockquote>\n

And equities got smacked around a bit<\/a>:<\/p>\n

North American stocks ended down on Thursday after U.S. producer price data for August and surging oil prices stoked worries the Federal Reserve will hike interest rates next week, while climbing Treasury \u2060yields made \u200bstocks less attractive.<\/p>\n

With supply routes through both the Strait of Hormuz and the Red Sea disrupted by the U.S.-Israeli war on Iran, Brent crude jumped 6% to US$107 a barrel, adding \u200bto inflation worries and fueling expectations the Fed will raise interest rates \u200cat its policy meeting on Wednesday.<\/p>\n

Yields on 10-year U.S. Treasury notes rose to their highest in nearly three years, while 30-year Treasury yields hit their highest in more than 19 years and 2-year Treasury yields reached their highest in more than two years.<\/p>\n

Canadian bond yields rose almost as much, with both five-year and 10-year government yields up about 10 basis points. The Canadian five-year – key to fixed mortgage pricing – reached 3.641% by late afternoon, its highest since mid-2024.
…<\/b>
The S&P 500 declined 0.58% to end the session at 7,591.75 points.<\/p>\n

The Nasdaq declined 0.65% to 26,081.73 points, while the Dow Jones Industrial Average declined 0.60% to 52,064.10 points.
…<\/b>
The S&P\/TSX Composite Index ended down 400.28 points, or 1.11%, at 35,506.28. It marked the fourth straight daily decline for the index, which is the longest such streak since April, \u200band the lowest closing level since \u200cJuly 31.<\/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-1.0573 %<\/td>\n2,778.8<\/td>\n<\/tr>\n
FixedFloater<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-1.0573 %<\/td>\n5,233.0<\/td>\n<\/tr>\n
Floater<\/td>\n5.20 %<\/td>\n5.24 %<\/td>\n33,880<\/td>\n15.03<\/td>\n3<\/td>\n-1.0573 %<\/td>\n3,015.8<\/td>\n<\/tr>\n
OpRet<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.0796 %<\/td>\n3,626.3<\/td>\n<\/tr>\n
SplitShare<\/td>\n4.66 %<\/td>\n4.46 %<\/td>\n55,954<\/td>\n2.55<\/td>\n4<\/td>\n-0.0796 %<\/td>\n4,330.6<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.0796 %<\/td>\n3,378.9<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.69 %<\/td>\n5.69 %<\/td>\n69,720<\/td>\n13.99<\/td>\n9<\/td>\n-0.7819 %<\/td>\n3,049.0<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n5.62 %<\/td>\n5.73 %<\/td>\n43,263<\/td>\n14.24<\/td>\n21<\/td>\n-0.7754 %<\/td>\n3,362.1<\/td>\n<\/tr>\n
FixedReset Disc<\/td>\n5.57 %<\/td>\n6.01 %<\/td>\n89,816<\/td>\n13.78<\/td>\n21<\/td>\n0.8332 %<\/td>\n3,416.7<\/td>\n<\/tr>\n
Insurance Straight<\/td>\n5.55 %<\/td>\n5.59 %<\/td>\n46,948<\/td>\n14.47<\/td>\n19<\/td>\n-1.0717 %<\/td>\n3,243.8<\/td>\n<\/tr>\n
FloatingReset<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.8332 %<\/td>\n4,171.9<\/td>\n<\/tr>\n
FixedReset Prem<\/td>\n5.92 %<\/td>\n4.11 %<\/td>\n81,396<\/td>\n2.05<\/td>\n27<\/td>\n-0.4261 %<\/td>\n2,664.7<\/td>\n<\/tr>\n
FixedReset Bank Non<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.8332 %<\/td>\n3,492.6<\/td>\n<\/tr>\n
FixedReset Ins Non<\/td>\n5.21 %<\/td>\n4.47 %<\/td>\n51,240<\/td>\n1.90<\/td>\n14<\/td>\n-0.3645 %<\/td>\n3,278.8<\/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\n\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
PWF.PR.Z<\/td>\nPerpetual-Discount<\/td>\n-4.56 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-09-10
\nMaturity Price : 21.75
\nEvaluated at bid price : 22.00
\nBid-YTW : 5.93 %<\/td>\n<\/tr>\n
ENB.PR.D<\/td>\nFixedReset Disc<\/td>\n-4.13 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-09-10
\nMaturity Price : 22.59
\nEvaluated at bid price : 23.00
\nBid-YTW : 6.31 %<\/td>\n<\/tr>\n
GWO.PR.G<\/td>\nInsurance Straight<\/td>\n-3.81 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-09-10
\nMaturity Price : 22.49
\nEvaluated at bid price : 22.75
\nBid-YTW : 5.72 %<\/td>\n<\/tr>\n
PWF.PR.L<\/td>\nPerpetual-Discount<\/td>\n-3.55 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-09-10
\nMaturity Price : 21.75
\nEvaluated at bid price : 22.00
\nBid-YTW : 5.87 %<\/td>\n<\/tr>\n
MFC.PR.L<\/td>\nFixedReset Ins Non<\/td>\n-3.52 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-09-10
\nMaturity Price : 23.31
\nEvaluated at bid price : 24.70
\nBid-YTW : 5.66 %<\/td>\n<\/tr>\n
NA.PR.K<\/td>\nFixedReset Prem<\/td>\n-3.43 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2029-05-01
\nMaturity Price : 25.00
\nEvaluated at bid price : 28.15
\nBid-YTW : 3.01 %<\/td>\n<\/tr>\n
BN.PR.K<\/td>\nFloater<\/td>\n-3.23 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-09-10
\nMaturity Price : 14.70
\nEvaluated at bid price : 14.70
\nBid-YTW : 5.40 %<\/td>\n<\/tr>\n
NA.PR.I<\/td>\nFixedReset Prem<\/td>\n-3.13 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2029-05-01
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.71
\nBid-YTW : 5.91 %<\/td>\n<\/tr>\n
CCS.PR.C<\/td>\nInsurance Straight<\/td>\n-2.28 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-09-10
\nMaturity Price : 22.47
\nEvaluated at bid price : 22.73
\nBid-YTW : 5.50 %<\/td>\n<\/tr>\n
ENB.PF.C<\/td>\nFixedReset Disc<\/td>\n-1.99 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-09-10
\nMaturity Price : 22.96
\nEvaluated at bid price : 24.10
\nBid-YTW : 6.17 %<\/td>\n<\/tr>\n
GWO.PR.Q<\/td>\nInsurance Straight<\/td>\n-1.94 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-09-10
\nMaturity Price : 22.55
\nEvaluated at bid price : 22.80
\nBid-YTW : 5.65 %<\/td>\n<\/tr>\n
BN.PF.M<\/td>\nFixedReset Prem<\/td>\n-1.90 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2031-01-01
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.75
\nBid-YTW : 5.18 %<\/td>\n<\/tr>\n
PWF.PR.F<\/td>\nPerpetual-Discount<\/td>\n-1.78 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-09-10
\nMaturity Price : 22.91
\nEvaluated at bid price : 23.18
\nBid-YTW : 5.73 %<\/td>\n<\/tr>\n
CU.PR.G<\/td>\nPerpetual-Discount<\/td>\n-1.69 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-09-10
\nMaturity Price : 20.41
\nEvaluated at bid price : 20.41
\nBid-YTW : 5.56 %<\/td>\n<\/tr>\n
PWF.PR.E<\/td>\nPerpetual-Discount<\/td>\n-1.55 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-09-10
\nMaturity Price : 23.85
\nEvaluated at bid price : 24.10
\nBid-YTW : 5.78 %<\/td>\n<\/tr>\n
PWF.PR.O<\/td>\nPerpetual-Premium<\/td>\n-1.54 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-09-10
\nMaturity Price : 24.65
\nEvaluated at bid price : 24.91
\nBid-YTW : 5.90 %<\/td>\n<\/tr>\n
GWO.PR.H<\/td>\nInsurance Straight<\/td>\n-1.51 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-09-10
\nMaturity Price : 21.50
\nEvaluated at bid price : 21.50
\nBid-YTW : 5.66 %<\/td>\n<\/tr>\n
ENB.PR.Y<\/td>\nFixedReset Disc<\/td>\n-1.48 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-09-10
\nMaturity Price : 22.59
\nEvaluated at bid price : 23.25
\nBid-YTW : 6.17 %<\/td>\n<\/tr>\n
BN.PF.D<\/td>\nPerpetual-Discount<\/td>\n-1.47 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-09-10
\nMaturity Price : 21.45
\nEvaluated at bid price : 21.45
\nBid-YTW : 5.83 %<\/td>\n<\/tr>\n
GWO.PR.Z<\/td>\nInsurance Straight<\/td>\n-1.47 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-09-10
\nMaturity Price : 24.41
\nEvaluated at bid price : 24.81
\nBid-YTW : 5.74 %<\/td>\n<\/tr>\n
MFC.PR.B<\/td>\nInsurance Straight<\/td>\n-1.46 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-09-10
\nMaturity Price : 21.98
\nEvaluated at bid price : 22.22
\nBid-YTW : 5.24 %<\/td>\n<\/tr>\n
FTS.PR.F<\/td>\nPerpetual-Discount<\/td>\n-1.43 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-09-10
\nMaturity Price : 22.41
\nEvaluated at bid price : 22.67
\nBid-YTW : 5.43 %<\/td>\n<\/tr>\n
POW.PR.B<\/td>\nPerpetual-Discount<\/td>\n-1.40 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-09-10
\nMaturity Price : 23.61
\nEvaluated at bid price : 23.88
\nBid-YTW : 5.69 %<\/td>\n<\/tr>\n
SLF.PR.C<\/td>\nInsurance Straight<\/td>\n-1.36 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-09-10
\nMaturity Price : 21.03
\nEvaluated at bid price : 21.03
\nBid-YTW : 5.31 %<\/td>\n<\/tr>\n
MFC.PR.C<\/td>\nInsurance Straight<\/td>\n-1.35 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-09-10
\nMaturity Price : 21.22
\nEvaluated at bid price : 21.22
\nBid-YTW : 5.33 %<\/td>\n<\/tr>\n
BN.PR.N<\/td>\nPerpetual-Discount<\/td>\n-1.31 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-09-10
\nMaturity Price : 21.04
\nEvaluated at bid price : 21.04
\nBid-YTW : 5.76 %<\/td>\n<\/tr>\n
PWF.PR.H<\/td>\nPerpetual-Premium<\/td>\n-1.31 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-09-10
\nMaturity Price : 24.61
\nEvaluated at bid price : 24.87
\nBid-YTW : 5.85 %<\/td>\n<\/tr>\n
PWF.PR.S<\/td>\nPerpetual-Discount<\/td>\n-1.30 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-09-10
\nMaturity Price : 21.20
\nEvaluated at bid price : 21.20
\nBid-YTW : 5.74 %<\/td>\n<\/tr>\n
GWO.PR.M<\/td>\nInsurance Straight<\/td>\n-1.26 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2026-10-10
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.14
\nBid-YTW : -4.81 %<\/td>\n<\/tr>\n
BN.PR.M<\/td>\nPerpetual-Discount<\/td>\n-1.22 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-09-10
\nMaturity Price : 21.00
\nEvaluated at bid price : 21.00
\nBid-YTW : 5.77 %<\/td>\n<\/tr>\n
BN.PF.C<\/td>\nPerpetual-Discount<\/td>\n-1.20 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-09-10
\nMaturity Price : 21.33
\nEvaluated at bid price : 21.33
\nBid-YTW : 5.80 %<\/td>\n<\/tr>\n
PWF.PR.G<\/td>\nPerpetual-Premium<\/td>\n-1.02 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2026-10-10
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.24
\nBid-YTW : 2.26 %<\/td>\n<\/tr>\n
PWF.PR.K<\/td>\nPerpetual-Discount<\/td>\n1.44 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-09-10
\nMaturity Price : 21.66
\nEvaluated at bid price : 21.91
\nBid-YTW : 5.72 %<\/td>\n<\/tr>\n
SLF.PR.D<\/td>\nInsurance Straight<\/td>\n1.45 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-09-10
\nMaturity Price : 21.00
\nEvaluated at bid price : 21.00
\nBid-YTW : 5.31 %<\/td>\n<\/tr>\n
ENB.PF.G<\/td>\nFixedReset Disc<\/td>\n1.82 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-09-10
\nMaturity Price : 23.12
\nEvaluated at bid price : 24.65
\nBid-YTW : 6.06 %<\/td>\n<\/tr>\n
CU.PR.J<\/td>\nPerpetual-Discount<\/td>\n8.63 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-09-10
\nMaturity Price : 21.40
\nEvaluated at bid price : 21.40
\nBid-YTW : 5.60 %<\/td>\n<\/tr>\n
BN.PR.Z<\/td>\nFixedReset Disc<\/td>\n29.25 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2027-12-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.85
\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
IFC.PR.C<\/td>\nFixedReset Ins Non<\/td>\n322,100<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2026-10-30
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.17
\nBid-YTW : 5.04 %<\/td>\n<\/tr>\n
BN.PF.F<\/td>\nFixedReset Prem<\/td>\n135,200<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2029-10-01
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.66
\nBid-YTW : 5.33 %<\/td>\n<\/tr>\n
BN.PR.K<\/td>\nFloater<\/td>\n126,680<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-09-10
\nMaturity Price : 14.70
\nEvaluated at bid price : 14.70
\nBid-YTW : 5.40 %<\/td>\n<\/tr>\n
MFC.PR.N<\/td>\nFixedReset Ins Non<\/td>\n51,800<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2030-03-20
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.16
\nBid-YTW : 4.96 %<\/td>\n<\/tr>\n
ENB.PR.N<\/td>\nFixedReset Prem<\/td>\n47,853<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2028-12-01
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.42
\nBid-YTW : 6.01 %<\/td>\n<\/tr>\n
BILP.PR.A<\/td>\nFixedReset Prem<\/td>\n17,440<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2031-10-01
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.31
\nBid-YTW : 5.43 %<\/td>\n<\/tr>\n
There were 2 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.PR.D<\/td>\nFixedReset Disc<\/td>\nQuote: 23.00 – 24.15
\nSpot Rate : 1.1500
\nAverage : 0.6652<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-09-10
\nMaturity Price : 22.59
\nEvaluated at bid price : 23.00
\nBid-YTW : 6.31 %<\/td>\n<\/tr>\n

NA.PR.I<\/td>\nFixedReset Prem<\/td>\nQuote: 25.71 – 26.71
\nSpot Rate : 1.0000
\nAverage : 0.5902<\/p>\n

YTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2029-05-01
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.71
\nBid-YTW : 5.91 %<\/td>\n<\/tr>\n

PWF.PR.Z<\/td>\nPerpetual-Discount<\/td>\nQuote: 22.00 – 23.00
\nSpot Rate : 1.0000
\nAverage : 0.6203<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-09-10
\nMaturity Price : 21.75
\nEvaluated at bid price : 22.00
\nBid-YTW : 5.93 %<\/td>\n<\/tr>\n

MFC.PR.L<\/td>\nFixedReset Ins Non<\/td>\nQuote: 24.70 – 25.70
\nSpot Rate : 1.0000
\nAverage : 0.6436<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-09-10
\nMaturity Price : 23.31
\nEvaluated at bid price : 24.70
\nBid-YTW : 5.66 %<\/td>\n<\/tr>\n

FTS.PR.F<\/td>\nPerpetual-Discount<\/td>\nQuote: 22.67 – 23.50
\nSpot Rate : 0.8300
\nAverage : 0.5538<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-09-10
\nMaturity Price : 22.41
\nEvaluated at bid price : 22.67
\nBid-YTW : 5.43 %<\/td>\n<\/tr>\n

PWF.PR.L<\/td>\nPerpetual-Discount<\/td>\nQuote: 22.00 – 22.75
\nSpot Rate : 0.7500
\nAverage : 0.5323<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-09-10
\nMaturity Price : 21.75
\nEvaluated at bid price : 22.00
\nBid-YTW : 5.87 %<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

OK, so the US PPI jumped a bit in August: The Labor Department\u2019s producer price index \u2013 which captures inflation before it reaches consumers \u2013 rose 5.4 per cent in August from a year ago, …<\/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-52566","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/52566","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=52566"}],"version-history":[{"count":2,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/52566\/revisions"}],"predecessor-version":[{"id":52568,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/52566\/revisions\/52568"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=52566"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=52566"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=52566"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}