Market Action

March 11, 2025

HIMIPref™ Preferred Indices
These values reflect the December 2008 revision of the HIMIPref™ Indices

Values are provisional and are finalized monthly
Index Mean
Current
Yield
(at bid)
Median
YTW
Median
Average
Trading
Value
Median
Mod Dur
(YTW)
Issues Day’s Perf. Index Value
Ratchet 0.00 % 0.00 % 0 0.00 0 1.9164 % 2,251.4
FixedFloater 0.00 % 0.00 % 0 0.00 0 1.9164 % 4,382.7
Floater 7.28 % 7.71 % 31,292 11.60 4 1.9164 % 2,525.8
OpRet 0.00 % 0.00 % 0 0.00 0 -0.4370 % 3,585.4
SplitShare 4.86 % 5.11 % 68,894 1.85 9 -0.4370 % 4,281.8
Interest-Bearing 0.00 % 0.00 % 0 0.00 0 -0.4370 % 3,340.8
Perpetual-Premium 0.00 % 0.00 % 0 0.00 0 -0.0962 % 2,957.9
Perpetual-Discount 5.81 % 5.95 % 56,165 13.93 32 -0.0962 % 3,225.4
FixedReset Disc 5.52 % 6.24 % 123,452 13.26 49 0.3849 % 2,826.9
Insurance Straight 5.73 % 5.80 % 79,861 14.27 21 0.0590 % 3,161.9
FloatingReset 5.52 % 5.63 % 64,523 13.91 4 0.0556 % 3,598.7
FixedReset Prem 5.80 % 5.42 % 169,572 13.86 10 -0.0746 % 2,580.8
FixedReset Bank Non 0.00 % 0.00 % 0 0.00 0 0.3849 % 2,889.6
FixedReset Ins Non 5.24 % 5.58 % 72,883 14.23 14 0.8063 % 2,884.2
Performance Highlights
Issue Index Change Notes
PWF.PR.P FixedReset Disc -4.31 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-03-11
Maturity Price : 15.31
Evaluated at bid price : 15.31
Bid-YTW : 6.75 %
PVS.PR.H SplitShare -4.22 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2027-02-28
Maturity Price : 25.00
Evaluated at bid price : 23.85
Bid-YTW : 7.32 %
PWF.PF.A Perpetual-Discount -2.14 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-03-11
Maturity Price : 19.20
Evaluated at bid price : 19.20
Bid-YTW : 5.95 %
BN.PF.E FixedReset Disc -1.76 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-03-11
Maturity Price : 19.50
Evaluated at bid price : 19.50
Bid-YTW : 6.76 %
SLF.PR.C Insurance Straight -1.73 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-03-11
Maturity Price : 20.50
Evaluated at bid price : 20.50
Bid-YTW : 5.44 %
FFH.PR.K FixedReset Disc -1.21 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-03-11
Maturity Price : 23.33
Evaluated at bid price : 24.40
Bid-YTW : 6.20 %
SLF.PR.D Insurance Straight -1.06 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-03-11
Maturity Price : 20.45
Evaluated at bid price : 20.45
Bid-YTW : 5.46 %
SLF.PR.E Insurance Straight -1.05 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-03-11
Maturity Price : 20.70
Evaluated at bid price : 20.70
Bid-YTW : 5.45 %
PWF.PR.A Floater -1.01 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-03-11
Maturity Price : 13.66
Evaluated at bid price : 13.66
Bid-YTW : 6.75 %
BN.PR.K Floater 1.00 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-03-11
Maturity Price : 12.12
Evaluated at bid price : 12.12
Bid-YTW : 7.71 %
MFC.PR.L FixedReset Ins Non 1.02 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-03-11
Maturity Price : 22.16
Evaluated at bid price : 22.73
Bid-YTW : 5.54 %
CU.PR.G Perpetual-Discount 1.03 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-03-11
Maturity Price : 19.70
Evaluated at bid price : 19.70
Bid-YTW : 5.76 %
NA.PR.E FixedReset Disc 1.06 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-03-11
Maturity Price : 23.28
Evaluated at bid price : 24.81
Bid-YTW : 5.35 %
BIP.PR.A FixedReset Disc 1.17 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-03-11
Maturity Price : 23.40
Evaluated at bid price : 24.30
Bid-YTW : 6.31 %
BIP.PR.F FixedReset Disc 1.24 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-03-11
Maturity Price : 22.73
Evaluated at bid price : 23.69
Bid-YTW : 6.06 %
IFC.PR.A FixedReset Ins Non 1.29 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-03-11
Maturity Price : 20.45
Evaluated at bid price : 20.45
Bid-YTW : 5.54 %
BN.PR.M Perpetual-Discount 1.42 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-03-11
Maturity Price : 20.00
Evaluated at bid price : 20.00
Bid-YTW : 6.07 %
FTS.PR.K FixedReset Disc 1.42 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-03-11
Maturity Price : 20.70
Evaluated at bid price : 20.70
Bid-YTW : 5.95 %
MFC.PR.M FixedReset Ins Non 1.49 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-03-11
Maturity Price : 22.02
Evaluated at bid price : 22.55
Bid-YTW : 5.71 %
ENB.PR.F FixedReset Disc 1.86 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-03-11
Maturity Price : 19.20
Evaluated at bid price : 19.20
Bid-YTW : 6.88 %
ENB.PR.B FixedReset Disc 2.14 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-03-11
Maturity Price : 18.59
Evaluated at bid price : 18.59
Bid-YTW : 6.87 %
BN.PF.F FixedReset Disc 3.04 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-03-11
Maturity Price : 21.66
Evaluated at bid price : 22.00
Bid-YTW : 6.49 %
MFC.PR.I FixedReset Ins Non 4.03 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-03-11
Maturity Price : 23.38
Evaluated at bid price : 24.76
Bid-YTW : 5.58 %
CCS.PR.C Insurance Straight 4.33 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-03-11
Maturity Price : 21.44
Evaluated at bid price : 21.70
Bid-YTW : 5.76 %
SLF.PR.G FixedReset Ins Non 4.38 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-03-11
Maturity Price : 16.70
Evaluated at bid price : 16.70
Bid-YTW : 6.01 %
ENB.PR.P FixedReset Disc 4.47 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-03-11
Maturity Price : 20.10
Evaluated at bid price : 20.10
Bid-YTW : 6.71 %
ENB.PR.H FixedReset Disc 5.23 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-03-11
Maturity Price : 20.53
Evaluated at bid price : 20.53
Bid-YTW : 6.22 %
ENB.PR.D FixedReset Disc 5.80 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-03-11
Maturity Price : 18.25
Evaluated at bid price : 18.25
Bid-YTW : 7.05 %
BN.PR.B Floater 8.13 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-03-11
Maturity Price : 12.11
Evaluated at bid price : 12.11
Bid-YTW : 7.71 %
Volume Highlights
Issue Index Shares
Traded
Notes
TD.PF.D FixedReset Disc 531,800 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-03-11
Maturity Price : 24.00
Evaluated at bid price : 24.71
Bid-YTW : 5.45 %
GWO.PR.S Insurance Straight 130,240 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-03-11
Maturity Price : 22.09
Evaluated at bid price : 22.37
Bid-YTW : 5.87 %
ENB.PR.T FixedReset Disc 78,418 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-03-11
Maturity Price : 20.85
Evaluated at bid price : 20.85
Bid-YTW : 6.62 %
CM.PR.Q FixedReset Disc 78,400 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-03-11
Maturity Price : 24.07
Evaluated at bid price : 24.76
Bid-YTW : 5.44 %
PVS.PR.M SplitShare 48,092 YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2031-03-31
Maturity Price : 25.00
Evaluated at bid price : 25.10
Bid-YTW : 5.11 %
PWF.PR.F Perpetual-Discount 45,781 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-03-11
Maturity Price : 22.06
Evaluated at bid price : 22.35
Bid-YTW : 5.95 %
There were 16 other index-included issues trading in excess of 10,000 shares.
Wide Spread Highlights
See TMX DataLinx: ‘Last’ != ‘Close’ and the posts linked therein for an idea of why these quotes are so horrible.
Issue Index Quote Data and Yield Notes
PVS.PR.H SplitShare Quote: 23.85 – 24.85
Spot Rate : 1.0000
Average : 0.5674

YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2027-02-28
Maturity Price : 25.00
Evaluated at bid price : 23.85
Bid-YTW : 7.32 %

PWF.PR.S Perpetual-Discount Quote: 20.55 – 21.75
Spot Rate : 1.2000
Average : 0.8392

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-03-11
Maturity Price : 20.55
Evaluated at bid price : 20.55
Bid-YTW : 5.93 %

GWO.PR.S Insurance Straight Quote: 22.37 – 23.37
Spot Rate : 1.0000
Average : 0.6898

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-03-11
Maturity Price : 22.09
Evaluated at bid price : 22.37
Bid-YTW : 5.87 %

PWF.PR.P FixedReset Disc Quote: 15.31 – 16.31
Spot Rate : 1.0000
Average : 0.7586

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-03-11
Maturity Price : 15.31
Evaluated at bid price : 15.31
Bid-YTW : 6.75 %

PWF.PF.A Perpetual-Discount Quote: 19.20 – 19.89
Spot Rate : 0.6900
Average : 0.5223

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-03-11
Maturity Price : 19.20
Evaluated at bid price : 19.20
Bid-YTW : 5.95 %

SLF.PR.H FixedReset Ins Non Quote: 19.20 – 20.20
Spot Rate : 1.0000
Average : 0.8357

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-03-11
Maturity Price : 19.20
Evaluated at bid price : 19.20
Bid-YTW : 6.03 %

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