Market Action

March 27, 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 -0.1422 % 2,213.1
FixedFloater 0.00 % 0.00 % 0 0.00 0 -0.1422 % 4,308.2
Floater 7.05 % 7.38 % 29,089 12.12 4 -0.1422 % 2,482.8
OpRet 0.00 % 0.00 % 0 0.00 0 0.2813 % 3,606.6
SplitShare 4.84 % 4.99 % 68,571 1.82 9 0.2813 % 4,307.1
Interest-Bearing 0.00 % 0.00 % 0 0.00 0 0.2813 % 3,360.6
Perpetual-Premium 0.00 % 0.00 % 0 0.00 0 -0.2151 % 2,971.2
Perpetual-Discount 5.78 % 5.92 % 53,315 13.98 32 -0.2151 % 3,239.9
FixedReset Disc 5.53 % 6.31 % 121,578 13.13 49 0.3404 % 2,820.3
Insurance Straight 5.79 % 5.77 % 70,268 14.25 21 -1.5137 % 3,129.1
FloatingReset 5.50 % 5.53 % 65,382 14.62 4 0.0448 % 3,569.2
FixedReset Prem 5.79 % 5.39 % 160,205 13.96 10 0.0627 % 2,587.3
FixedReset Bank Non 0.00 % 0.00 % 0 0.00 0 0.3404 % 2,882.9
FixedReset Ins Non 5.36 % 5.70 % 69,983 14.08 14 -0.3398 % 2,887.5
Performance Highlights
Issue Index Change Notes
GWO.PR.T Insurance Straight -17.07 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-03-27
Maturity Price : 17.00
Evaluated at bid price : 17.00
Bid-YTW : 7.64 %
IFC.PR.A FixedReset Ins Non -4.60 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-03-27
Maturity Price : 19.10
Evaluated at bid price : 19.10
Bid-YTW : 5.94 %
IFC.PR.F Insurance Straight -3.07 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-03-27
Maturity Price : 22.48
Evaluated at bid price : 22.75
Bid-YTW : 5.85 %
SLF.PR.D Insurance Straight -2.94 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-03-27
Maturity Price : 19.80
Evaluated at bid price : 19.80
Bid-YTW : 5.65 %
GWO.PR.L Insurance Straight -1.57 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-03-27
Maturity Price : 23.53
Evaluated at bid price : 23.80
Bid-YTW : 5.96 %
IFC.PR.K Insurance Straight -1.38 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-03-27
Maturity Price : 22.61
Evaluated at bid price : 22.92
Bid-YTW : 5.74 %
BN.PR.T FixedReset Disc -1.22 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-03-27
Maturity Price : 17.78
Evaluated at bid price : 17.78
Bid-YTW : 6.88 %
GWO.PR.S Insurance Straight -1.10 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-03-27
Maturity Price : 22.12
Evaluated at bid price : 22.40
Bid-YTW : 5.88 %
SLF.PR.C Insurance Straight -1.07 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-03-27
Maturity Price : 20.30
Evaluated at bid price : 20.30
Bid-YTW : 5.51 %
BN.PF.G FixedReset Disc 1.06 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-03-27
Maturity Price : 20.11
Evaluated at bid price : 20.11
Bid-YTW : 6.91 %
ENB.PR.H FixedReset Disc 1.08 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-03-27
Maturity Price : 20.62
Evaluated at bid price : 20.62
Bid-YTW : 6.31 %
PVS.PR.K SplitShare 2.98 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2029-05-31
Maturity Price : 25.00
Evaluated at bid price : 24.51
Bid-YTW : 5.07 %
ENB.PR.B FixedReset Disc 3.83 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-03-27
Maturity Price : 18.70
Evaluated at bid price : 18.70
Bid-YTW : 6.96 %
BIP.PR.E FixedReset Disc 12.77 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-03-27
Maturity Price : 22.67
Evaluated at bid price : 23.40
Bid-YTW : 6.32 %
Volume Highlights
Issue Index Shares
Traded
Notes
BN.PR.R FixedReset Disc 89,630 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-03-27
Maturity Price : 17.93
Evaluated at bid price : 17.93
Bid-YTW : 6.82 %
PWF.PR.T FixedReset Disc 64,100 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-03-27
Maturity Price : 22.26
Evaluated at bid price : 22.84
Bid-YTW : 5.78 %
CU.PR.C FixedReset Disc 37,300 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-03-27
Maturity Price : 20.80
Evaluated at bid price : 20.80
Bid-YTW : 6.25 %
ENB.PF.A FixedReset Disc 36,000 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-03-27
Maturity Price : 19.95
Evaluated at bid price : 19.95
Bid-YTW : 6.96 %
FFH.PR.I FixedReset Disc 31,782 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-03-27
Maturity Price : 22.90
Evaluated at bid price : 23.53
Bid-YTW : 5.80 %
ENB.PF.E FixedReset Disc 30,300 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-03-27
Maturity Price : 18.95
Evaluated at bid price : 18.95
Bid-YTW : 7.14 %
There were 6 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
GWO.PR.T Insurance Straight Quote: 17.00 – 22.49
Spot Rate : 5.4900
Average : 3.5541

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-03-27
Maturity Price : 17.00
Evaluated at bid price : 17.00
Bid-YTW : 7.64 %

IFC.PR.A FixedReset Ins Non Quote: 19.10 – 20.10
Spot Rate : 1.0000
Average : 0.5812

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-03-27
Maturity Price : 19.10
Evaluated at bid price : 19.10
Bid-YTW : 5.94 %

GWO.PR.L Insurance Straight Quote: 23.80 – 24.75
Spot Rate : 0.9500
Average : 0.5770

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-03-27
Maturity Price : 23.53
Evaluated at bid price : 23.80
Bid-YTW : 5.96 %

TD.PF.J FixedReset Prem Quote: 25.40 – 26.40
Spot Rate : 1.0000
Average : 0.7021

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-03-27
Maturity Price : 23.50
Evaluated at bid price : 25.40
Bid-YTW : 5.39 %

BIP.PR.F FixedReset Disc Quote: 23.19 – 23.99
Spot Rate : 0.8000
Average : 0.5335

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-03-27
Maturity Price : 22.47
Evaluated at bid price : 23.19
Bid-YTW : 6.30 %

BN.PR.T FixedReset Disc Quote: 17.78 – 18.95
Spot Rate : 1.1700
Average : 0.9246

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-03-27
Maturity Price : 17.78
Evaluated at bid price : 17.78
Bid-YTW : 6.88 %

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