{"id":52652,"date":"2026-10-02T21:33:36","date_gmt":"2026-10-03T01:33:36","guid":{"rendered":"https:\/\/prefblog.com\/?p=52652"},"modified":"2026-10-02T21:33:36","modified_gmt":"2026-10-03T01:33:36","slug":"october-2-2026","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=52652","title":{"rendered":"October 2, 2026"},"content":{"rendered":"

The US jobs number<\/a> came out today:<\/p>\n

The US labor market hit a soft patch in September as the economy added just 29,000 jobs and the unemployment rate increased to 4.2%, new Bureau of Labor Statistics data showed Friday.
…<\/b>
The annual rate of wage growth slowed for the fourth month in a row, landing at 3% in September, which is the lowest since May 2021.
…<\/b>
Healthcare, buoyed by an aging population in need of more medical services, has driven much of the employment gains in recent years and continued to do so in September. Healthcare and social assistance added 23,000 jobs, a modest uptick for a sector that added 57,000 jobs per month last year.
…<\/b>
The construction sector notched employment gains for the seventh month in a row, adding 11,000 jobs. The bulk of the gains came from the non-residential side, a likely reflection of the massive investment in AI-related infrastructure such as data centers.<\/p><\/blockquote>\n

So bonds did well<\/a>:<\/p>\n

The weaker-than-anticipated data pulled down expectations for a rate hike of at least \u200b25 basis points from the Fed at its meeting at the \u200cend of October to 22.7 per cent, according to CME FedWatch, from 24.4 per cent in the prior session and 64.2 per cent a week earlier.<\/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>\n0.8766 %<\/td>\n2,776.4<\/td>\n<\/tr>\n
FixedFloater<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.8766 %<\/td>\n5,228.3<\/td>\n<\/tr>\n
Floater<\/td>\n5.21 %<\/td>\n5.32 %<\/td>\n29,798<\/td>\n15.01<\/td>\n3<\/td>\n0.8766 %<\/td>\n3,013.1<\/td>\n<\/tr>\n
OpRet<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.3401 %<\/td>\n3,624.5<\/td>\n<\/tr>\n
SplitShare<\/td>\n4.66 %<\/td>\n4.26 %<\/td>\n52,574<\/td>\n0.40<\/td>\n4<\/td>\n0.3401 %<\/td>\n4,328.4<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.3401 %<\/td>\n3,377.2<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.84 %<\/td>\n5.88 %<\/td>\n70,791<\/td>\n14.08<\/td>\n9<\/td>\n0.8754 %<\/td>\n2,970.8<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n5.92 %<\/td>\n5.98 %<\/td>\n43,150<\/td>\n13.86<\/td>\n21<\/td>\n0.5366 %<\/td>\n3,196.6<\/td>\n<\/tr>\n
FixedReset Disc<\/td>\n5.69 %<\/td>\n6.40 %<\/td>\n79,299<\/td>\n13.25<\/td>\n21<\/td>\n0.3106 %<\/td>\n3,345.6<\/td>\n<\/tr>\n
Insurance Straight<\/td>\n5.82 %<\/td>\n5.89 %<\/td>\n64,880<\/td>\n14.08<\/td>\n19<\/td>\n0.4168 %<\/td>\n3,090.3<\/td>\n<\/tr>\n
FloatingReset<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.3106 %<\/td>\n4,085.0<\/td>\n<\/tr>\n
FixedReset Prem<\/td>\n6.00 %<\/td>\n5.00 %<\/td>\n78,159<\/td>\n2.08<\/td>\n27<\/td>\n-0.1125 %<\/td>\n2,631.7<\/td>\n<\/tr>\n
FixedReset Bank Non<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.3106 %<\/td>\n3,419.9<\/td>\n<\/tr>\n
FixedReset Ins Non<\/td>\n5.64 %<\/td>\n5.78 %<\/td>\n48,280<\/td>\n13.57<\/td>\n13<\/td>\n0.5492 %<\/td>\n3,228.3<\/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
Performance Highlights<\/strong><\/td>\n<\/tr>\n
Issue<\/td>\nIndex<\/td>\nChange<\/td>\nNotes<\/td>\n<\/tr>\n
BN.PF.G<\/td>\nFixedReset Prem<\/td>\n-2.72 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-10-02
\nMaturity Price : 23.03
\nEvaluated at bid price : 24.35
\nBid-YTW : 6.49 %<\/td>\n<\/tr>\n
SLF.PR.H<\/td>\nFixedReset Ins Non<\/td>\n-2.17 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-10-02
\nMaturity Price : 22.92
\nEvaluated at bid price : 24.33
\nBid-YTW : 5.90 %<\/td>\n<\/tr>\n
POW.PR.G<\/td>\nPerpetual-Discount<\/td>\n-1.70 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-10-02
\nMaturity Price : 22.82
\nEvaluated at bid price : 23.10
\nBid-YTW : 6.08 %<\/td>\n<\/tr>\n
BIP.PR.E<\/td>\nFixedReset Prem<\/td>\n-1.29 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2028-03-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.27
\nBid-YTW : 5.95 %<\/td>\n<\/tr>\n
PWF.PR.H<\/td>\nPerpetual-Premium<\/td>\n1.04 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-10-02
\nMaturity Price : 24.15
\nEvaluated at bid price : 24.40
\nBid-YTW : 5.99 %<\/td>\n<\/tr>\n
PWF.PR.F<\/td>\nPerpetual-Discount<\/td>\n1.04 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-10-02
\nMaturity Price : 22.14
\nEvaluated at bid price : 22.42
\nBid-YTW : 5.95 %<\/td>\n<\/tr>\n
PWF.PR.R<\/td>\nPerpetual-Discount<\/td>\n1.04 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-10-02
\nMaturity Price : 23.13
\nEvaluated at bid price : 23.39
\nBid-YTW : 5.98 %<\/td>\n<\/tr>\n
GWO.PR.Y<\/td>\nInsurance Straight<\/td>\n1.05 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-10-02
\nMaturity Price : 19.26
\nEvaluated at bid price : 19.26
\nBid-YTW : 5.89 %<\/td>\n<\/tr>\n
CU.PR.K<\/td>\nPerpetual-Premium<\/td>\n1.05 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-10-02
\nMaturity Price : 23.70
\nEvaluated at bid price : 24.05
\nBid-YTW : 5.88 %<\/td>\n<\/tr>\n
POW.PR.B<\/td>\nPerpetual-Discount<\/td>\n1.06 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-10-02
\nMaturity Price : 22.59
\nEvaluated at bid price : 22.84
\nBid-YTW : 5.87 %<\/td>\n<\/tr>\n
GWO.PR.M<\/td>\nInsurance Straight<\/td>\n1.16 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-10-02
\nMaturity Price : 24.21
\nEvaluated at bid price : 24.50
\nBid-YTW : 5.95 %<\/td>\n<\/tr>\n
CCS.PR.C<\/td>\nInsurance Straight<\/td>\n1.16 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-10-02
\nMaturity Price : 21.49
\nEvaluated at bid price : 21.75
\nBid-YTW : 5.78 %<\/td>\n<\/tr>\n
POW.PR.I<\/td>\nPerpetual-Premium<\/td>\n1.25 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-10-02
\nMaturity Price : 23.93
\nEvaluated at bid price : 24.30
\nBid-YTW : 5.82 %<\/td>\n<\/tr>\n
FTS.PR.J<\/td>\nPerpetual-Discount<\/td>\n1.32 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-10-02
\nMaturity Price : 20.80
\nEvaluated at bid price : 20.80
\nBid-YTW : 5.78 %<\/td>\n<\/tr>\n
GWO.PR.L<\/td>\nInsurance Straight<\/td>\n1.41 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-10-02
\nMaturity Price : 23.41
\nEvaluated at bid price : 23.70
\nBid-YTW : 5.99 %<\/td>\n<\/tr>\n
MFC.PR.J<\/td>\nFixedReset Ins Non<\/td>\n1.44 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2028-03-19
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.31
\nBid-YTW : 5.47 %<\/td>\n<\/tr>\n
GWO.PR.N<\/td>\nFixedReset Ins Non<\/td>\n1.46 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-10-02
\nMaturity Price : 20.90
\nEvaluated at bid price : 20.90
\nBid-YTW : 5.75 %<\/td>\n<\/tr>\n
ENB.PR.P<\/td>\nFixedReset Disc<\/td>\n1.51 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-10-02
\nMaturity Price : 23.17
\nEvaluated at bid price : 24.21
\nBid-YTW : 6.40 %<\/td>\n<\/tr>\n
POW.PR.A<\/td>\nPerpetual-Discount<\/td>\n1.59 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-10-02
\nMaturity Price : 23.34
\nEvaluated at bid price : 23.63
\nBid-YTW : 5.94 %<\/td>\n<\/tr>\n
PWF.PR.Z<\/td>\nPerpetual-Discount<\/td>\n1.67 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-10-02
\nMaturity Price : 21.61
\nEvaluated at bid price : 21.86
\nBid-YTW : 5.99 %<\/td>\n<\/tr>\n
POW.PR.C<\/td>\nPerpetual-Premium<\/td>\n1.73 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-10-02
\nMaturity Price : 24.33
\nEvaluated at bid price : 24.64
\nBid-YTW : 5.90 %<\/td>\n<\/tr>\n
POW.PR.H<\/td>\nPerpetual-Premium<\/td>\n1.74 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-10-02
\nMaturity Price : 24.16
\nEvaluated at bid price : 24.55
\nBid-YTW : 5.86 %<\/td>\n<\/tr>\n
BN.PR.B<\/td>\nFloater<\/td>\n2.15 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-10-02
\nMaturity Price : 14.75
\nEvaluated at bid price : 14.75
\nBid-YTW : 5.32 %<\/td>\n<\/tr>\n
ENB.PF.G<\/td>\nFixedReset Disc<\/td>\n3.28 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-10-02
\nMaturity Price : 22.82
\nEvaluated at bid price : 23.91
\nBid-YTW : 6.51 %<\/td>\n<\/tr>\n
IFC.PR.G<\/td>\nFixedReset Ins Non<\/td>\n6.16 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2028-06-30
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.50
\nBid-YTW : 4.86 %<\/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
GWO.PR.H<\/td>\nInsurance Straight<\/td>\n113,265<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-10-02
\nMaturity Price : 20.31
\nEvaluated at bid price : 20.31
\nBid-YTW : 6.02 %<\/td>\n<\/tr>\n
ENB.PR.J<\/td>\nFixedReset Disc<\/td>\n13,310<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-10-02
\nMaturity Price : 23.21
\nEvaluated at bid price : 24.30
\nBid-YTW : 6.45 %<\/td>\n<\/tr>\n
POW.PR.H<\/td>\nPerpetual-Premium<\/td>\n11,400<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-10-02
\nMaturity Price : 24.16
\nEvaluated at bid price : 24.55
\nBid-YTW : 5.86 %<\/td>\n<\/tr>\n
IFC.PR.A<\/td>\nFixedReset Ins Non<\/td>\n11,400<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-10-02
\nMaturity Price : 23.09
\nEvaluated at bid price : 23.58
\nBid-YTW : 5.72 %<\/td>\n<\/tr>\n
TD.PF.I<\/td>\nFixedReset Prem<\/td>\n11,000<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2027-10-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.85
\nBid-YTW : 4.11 %<\/td>\n<\/tr>\n
PWF.PR.H<\/td>\nPerpetual-Premium<\/td>\n10,300<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-10-02
\nMaturity Price : 24.15
\nEvaluated at bid price : 24.40
\nBid-YTW : 5.99 %<\/td>\n<\/tr>\n
There were 0 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
GWO.PR.H<\/td>\nInsurance Straight<\/td>\nQuote: 20.31 – 22.00
\nSpot Rate : 1.6900
\nAverage : 1.2589<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-10-02
\nMaturity Price : 20.31
\nEvaluated at bid price : 20.31
\nBid-YTW : 6.02 %<\/td>\n<\/tr>\n

PWF.PR.O<\/td>\nPerpetual-Premium<\/td>\nQuote: 24.40 – 25.26
\nSpot Rate : 0.8600
\nAverage : 0.5015<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-10-02
\nMaturity Price : 24.15
\nEvaluated at bid price : 24.40
\nBid-YTW : 6.05 %<\/td>\n<\/tr>\n

FTS.PR.F<\/td>\nPerpetual-Discount<\/td>\nQuote: 21.13 – 22.25
\nSpot Rate : 1.1200
\nAverage : 0.7757<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-10-02
\nMaturity Price : 21.13
\nEvaluated at bid price : 21.13
\nBid-YTW : 5.87 %<\/td>\n<\/tr>\n

ENB.PR.T<\/td>\nFixedReset Disc<\/td>\nQuote: 24.46 – 25.39
\nSpot Rate : 0.9300
\nAverage : 0.6186<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-10-02
\nMaturity Price : 23.23
\nEvaluated at bid price : 24.46
\nBid-YTW : 6.40 %<\/td>\n<\/tr>\n

PWF.PR.S<\/td>\nPerpetual-Discount<\/td>\nQuote: 20.35 – 21.35
\nSpot Rate : 1.0000
\nAverage : 0.6940<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-10-02
\nMaturity Price : 20.35
\nEvaluated at bid price : 20.35
\nBid-YTW : 6.01 %<\/td>\n<\/tr>\n

NA.PR.K<\/td>\nFixedReset Prem<\/td>\nQuote: 27.76 – 28.89
\nSpot Rate : 1.1300
\nAverage : 0.8282<\/p>\n

YTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2029-05-01
\nMaturity Price : 25.00
\nEvaluated at bid price : 27.76
\nBid-YTW : 3.69 %<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

The US jobs number came out today: The US labor market hit a soft patch in September as the economy added just 29,000 jobs and the unemployment rate increased to 4.2%, new Bureau of Labor …<\/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-52652","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/52652","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=52652"}],"version-history":[{"count":1,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/52652\/revisions"}],"predecessor-version":[{"id":52653,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/52652\/revisions\/52653"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=52652"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=52652"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=52652"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}