{"id":52569,"date":"2026-09-11T21:11:10","date_gmt":"2026-09-12T01:11:10","guid":{"rendered":"https:\/\/prefblog.com\/?p=52569"},"modified":"2026-09-11T21:35:36","modified_gmt":"2026-09-12T01:35:36","slug":"september-11-2026","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=52569","title":{"rendered":"September 11, 2026"},"content":{"rendered":"

US inflation data was not encouraging<\/a>:<\/p>\n

Consumer prices rose at a 3.4% annual rate last month, the same pace as July, according to the latest Consumer Price Index from the Bureau of Labor Statistics.
…<\/b>
On a monthly basis, prices rose 0.4%, an acceleration from July\u2019s 0.1% rate. Gasoline prices, up 3.9%, accounted for a third of the monthly price increase.
…<\/b>
But for the Fed, the most worrisome aspect of August\u2019s inflation report is likely the evidence that inflation has spread beyond the pump. When stripping out food and energy costs, so-called core inflation rose 2.4% in the 12 months ending in August, down from 2.5% in July. On a monthly basis, core rose 0.3%.<\/p>\n

After the release of Friday\u2019s report, traders boosted the odds of a rate hike to 90% from 70% the day before, according to CME FedWatch. Central bank officials convene on Tuesday and Wednesday next week to determine their next move on interest rates.
…<\/b>
Some of the largest price increases in the August CPI report stemmed from tech. Computer software and accessory prices rose 25.4% for the 12 months ended in August, the largest annual price increase recorded. Computers and smart home assistants cost 8.4% compared to a year ago.<\/p>\n

Meanwhile, smartphone prices were down 12.2% versus the prior year. Earlier this week, though, in addition to announcing its new line of iPhones, Apple said it was raising prices of older models by $100. The price increases are tied to surging costs of producing chips, a byproduct of the booming demand of AI.<\/p>\n

There were also strong gains in prices of rental cars, vehicle maintenance, day care and preschool, nursing homes and in-home care.<\/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>\n0.4007 %<\/td>\n2,790.0<\/td>\n<\/tr>\n
FixedFloater<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.4007 %<\/td>\n5,253.9<\/td>\n<\/tr>\n
Floater<\/td>\n5.18 %<\/td>\n5.24 %<\/td>\n33,505<\/td>\n15.03<\/td>\n3<\/td>\n0.4007 %<\/td>\n3,027.9<\/td>\n<\/tr>\n
OpRet<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.0797 %<\/td>\n3,623.4<\/td>\n<\/tr>\n
SplitShare<\/td>\n4.66 %<\/td>\n4.42 %<\/td>\n56,087<\/td>\n2.55<\/td>\n4<\/td>\n-0.0797 %<\/td>\n4,327.1<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.0797 %<\/td>\n3,376.2<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.73 %<\/td>\n5.78 %<\/td>\n71,127<\/td>\n14.03<\/td>\n9<\/td>\n-0.5490 %<\/td>\n3,032.2<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n5.67 %<\/td>\n5.77 %<\/td>\n42,291<\/td>\n14.16<\/td>\n21<\/td>\n-0.8197 %<\/td>\n3,334.5<\/td>\n<\/tr>\n
FixedReset Disc<\/td>\n5.58 %<\/td>\n6.18 %<\/td>\n86,788<\/td>\n13.57<\/td>\n21<\/td>\n-0.0793 %<\/td>\n3,414.0<\/td>\n<\/tr>\n
Insurance Straight<\/td>\n5.54 %<\/td>\n5.60 %<\/td>\n46,586<\/td>\n14.51<\/td>\n19<\/td>\n0.1427 %<\/td>\n3,248.4<\/td>\n<\/tr>\n
FloatingReset<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.0793 %<\/td>\n4,168.6<\/td>\n<\/tr>\n
FixedReset Prem<\/td>\n5.92 %<\/td>\n4.39 %<\/td>\n81,401<\/td>\n2.05<\/td>\n27<\/td>\n0.0670 %<\/td>\n2,666.5<\/td>\n<\/tr>\n
FixedReset Bank Non<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.0793 %<\/td>\n3,489.8<\/td>\n<\/tr>\n
FixedReset Ins Non<\/td>\n5.18 %<\/td>\n4.98 %<\/td>\n51,603<\/td>\n1.90<\/td>\n14<\/td>\n0.5357 %<\/td>\n3,296.4<\/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
Performance Highlights<\/strong><\/td>\n<\/tr>\n
Issue<\/td>\nIndex<\/td>\nChange<\/td>\nNotes<\/td>\n<\/tr>\n
CU.PR.J<\/td>\nPerpetual-Discount<\/td>\n-7.94 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-09-11
\nMaturity Price : 19.70
\nEvaluated at bid price : 19.70
\nBid-YTW : 6.09 %<\/td>\n<\/tr>\n
MFC.PR.M<\/td>\nFixedReset Ins Non<\/td>\n-3.95 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2029-12-20
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.07
\nBid-YTW : 5.44 %<\/td>\n<\/tr>\n
ENB.PR.F<\/td>\nFixedReset Disc<\/td>\n-2.97 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-09-11
\nMaturity Price : 23.12
\nEvaluated at bid price : 23.51
\nBid-YTW : 6.49 %<\/td>\n<\/tr>\n
GWO.PR.Y<\/td>\nInsurance Straight<\/td>\n-2.72 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-09-11
\nMaturity Price : 20.00
\nEvaluated at bid price : 20.00
\nBid-YTW : 5.64 %<\/td>\n<\/tr>\n
ENB.PR.P<\/td>\nFixedReset Disc<\/td>\n-2.60 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-09-11
\nMaturity Price : 23.07
\nEvaluated at bid price : 24.01
\nBid-YTW : 6.35 %<\/td>\n<\/tr>\n
POW.PR.D<\/td>\nPerpetual-Discount<\/td>\n-2.17 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-09-11
\nMaturity Price : 21.87
\nEvaluated at bid price : 22.11
\nBid-YTW : 5.74 %<\/td>\n<\/tr>\n
BN.PF.D<\/td>\nPerpetual-Discount<\/td>\n-1.63 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-09-11
\nMaturity Price : 21.10
\nEvaluated at bid price : 21.10
\nBid-YTW : 5.93 %<\/td>\n<\/tr>\n
POW.PR.H<\/td>\nPerpetual-Premium<\/td>\n-1.42 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-09-11
\nMaturity Price : 24.54
\nEvaluated at bid price : 24.95
\nBid-YTW : 5.85 %<\/td>\n<\/tr>\n
PWF.PR.K<\/td>\nPerpetual-Discount<\/td>\n-1.32 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-09-11
\nMaturity Price : 21.35
\nEvaluated at bid price : 21.62
\nBid-YTW : 5.79 %<\/td>\n<\/tr>\n
POW.PR.B<\/td>\nPerpetual-Discount<\/td>\n-1.26 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-09-11
\nMaturity Price : 23.30
\nEvaluated at bid price : 23.58
\nBid-YTW : 5.76 %<\/td>\n<\/tr>\n
POW.PR.A<\/td>\nPerpetual-Discount<\/td>\n-1.21 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-09-11
\nMaturity Price : 24.21
\nEvaluated at bid price : 24.50
\nBid-YTW : 5.80 %<\/td>\n<\/tr>\n
POW.PR.C<\/td>\nPerpetual-Premium<\/td>\n-1.19 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-09-11
\nMaturity Price : 24.68
\nEvaluated at bid price : 25.00
\nBid-YTW : 5.89 %<\/td>\n<\/tr>\n
GWO.PR.H<\/td>\nInsurance Straight<\/td>\n-1.16 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-09-11
\nMaturity Price : 21.25
\nEvaluated at bid price : 21.25
\nBid-YTW : 5.73 %<\/td>\n<\/tr>\n
MFC.PR.Q<\/td>\nFixedReset Ins Non<\/td>\n-1.09 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2028-06-19
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.32
\nBid-YTW : 5.14 %<\/td>\n<\/tr>\n
BN.PR.K<\/td>\nFloater<\/td>\n1.29 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-09-11
\nMaturity Price : 14.89
\nEvaluated at bid price : 14.89
\nBid-YTW : 5.33 %<\/td>\n<\/tr>\n
NA.PR.K<\/td>\nFixedReset Prem<\/td>\n1.95 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2029-05-01
\nMaturity Price : 25.00
\nEvaluated at bid price : 28.70
\nBid-YTW : 2.20 %<\/td>\n<\/tr>\n
GWO.PR.G<\/td>\nInsurance Straight<\/td>\n2.20 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-09-11
\nMaturity Price : 22.98
\nEvaluated at bid price : 23.25
\nBid-YTW : 5.60 %<\/td>\n<\/tr>\n
PWF.PR.Z<\/td>\nPerpetual-Discount<\/td>\n2.77 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-09-11
\nMaturity Price : 22.34
\nEvaluated at bid price : 22.61
\nBid-YTW : 5.77 %<\/td>\n<\/tr>\n
NA.PR.I<\/td>\nFixedReset Prem<\/td>\n2.84 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2029-05-01
\nMaturity Price : 25.00
\nEvaluated at bid price : 26.44
\nBid-YTW : 4.73 %<\/td>\n<\/tr>\n
MFC.PR.L<\/td>\nFixedReset Ins Non<\/td>\n3.24 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2029-06-20
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.50
\nBid-YTW : 4.98 %<\/td>\n<\/tr>\n
ENB.PR.D<\/td>\nFixedReset Disc<\/td>\n4.04 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-09-11
\nMaturity Price : 23.51
\nEvaluated at bid price : 23.93
\nBid-YTW : 6.23 %<\/td>\n<\/tr>\n
IFC.PR.A<\/td>\nFixedReset Ins Non<\/td>\n4.34 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-09-11
\nMaturity Price : 23.33
\nEvaluated at bid price : 23.80
\nBid-YTW : 5.65 %<\/td>\n<\/tr>\n
SLF.PR.E<\/td>\nInsurance Straight<\/td>\n5.93 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-09-11
\nMaturity Price : 21.08
\nEvaluated at bid price : 21.08
\nBid-YTW : 5.35 %<\/td>\n<\/tr>\n
MFC.PR.F<\/td>\nFixedReset Ins Non<\/td>\n6.84 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-09-11
\nMaturity Price : 22.08
\nEvaluated at bid price : 22.65
\nBid-YTW : 5.43 %<\/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
BN.PR.T<\/td>\nFixedReset Disc<\/td>\n103,600<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-09-11
\nMaturity Price : 23.48
\nEvaluated at bid price : 24.20
\nBid-YTW : 6.11 %<\/td>\n<\/tr>\n
IFC.PR.C<\/td>\nFixedReset Ins Non<\/td>\n50,010<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2026-10-30
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.18
\nBid-YTW : 4.95 %<\/td>\n<\/tr>\n
PWF.PR.Z<\/td>\nPerpetual-Discount<\/td>\n25,900<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-09-11
\nMaturity Price : 22.34
\nEvaluated at bid price : 22.61
\nBid-YTW : 5.77 %<\/td>\n<\/tr>\n
PWF.PR.K<\/td>\nPerpetual-Discount<\/td>\n24,300<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-09-11
\nMaturity Price : 21.35
\nEvaluated at bid price : 21.62
\nBid-YTW : 5.79 %<\/td>\n<\/tr>\n
BN.PR.Z<\/td>\nFixedReset Disc<\/td>\n21,500<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2027-12-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.65
\nBid-YTW : 5.00 %<\/td>\n<\/tr>\n
BILP.PR.A<\/td>\nFixedReset Prem<\/td>\n17,500<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2031-10-01
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.30
\nBid-YTW : 5.44 %<\/td>\n<\/tr>\n
There were 8 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
CU.PR.J<\/td>\nPerpetual-Discount<\/td>\nQuote: 19.70 – 21.75
\nSpot Rate : 2.0500
\nAverage : 1.4513<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-09-11
\nMaturity Price : 19.70
\nEvaluated at bid price : 19.70
\nBid-YTW : 6.09 %<\/td>\n<\/tr>\n

GWO.PR.Q<\/td>\nInsurance Straight<\/td>\nQuote: 22.75 – 24.05
\nSpot Rate : 1.3000
\nAverage : 0.8907<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-09-11
\nMaturity Price : 22.49
\nEvaluated at bid price : 22.75
\nBid-YTW : 5.66 %<\/td>\n<\/tr>\n

MFC.PR.M<\/td>\nFixedReset Ins Non<\/td>\nQuote: 25.07 – 26.07
\nSpot Rate : 1.0000
\nAverage : 0.6131<\/p>\n

YTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2029-12-20
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.07
\nBid-YTW : 5.44 %<\/td>\n<\/tr>\n

GWO.PR.H<\/td>\nInsurance Straight<\/td>\nQuote: 21.25 – 22.51
\nSpot Rate : 1.2600
\nAverage : 0.8982<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-09-11
\nMaturity Price : 21.25
\nEvaluated at bid price : 21.25
\nBid-YTW : 5.73 %<\/td>\n<\/tr>\n

POW.PR.D<\/td>\nPerpetual-Discount<\/td>\nQuote: 22.11 – 23.26
\nSpot Rate : 1.1500
\nAverage : 0.8803<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-09-11
\nMaturity Price : 21.87
\nEvaluated at bid price : 22.11
\nBid-YTW : 5.74 %<\/td>\n<\/tr>\n

POW.PR.C<\/td>\nPerpetual-Premium<\/td>\nQuote: 25.00 – 25.73
\nSpot Rate : 0.7300
\nAverage : 0.4656<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-09-11
\nMaturity Price : 24.68
\nEvaluated at bid price : 25.00
\nBid-YTW : 5.89 %<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

US inflation data was not encouraging: Consumer prices rose at a 3.4% annual rate last month, the same pace as July, according to the latest Consumer Price Index from the Bureau of Labor Statistics.…On a …<\/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-52569","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/52569","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=52569"}],"version-history":[{"count":3,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/52569\/revisions"}],"predecessor-version":[{"id":52572,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/52569\/revisions\/52572"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=52569"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=52569"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=52569"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}