Market Action

April 1, 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 -0.1074 % 2,207.6
FixedFloater 0.00 % 0.00 % 0 0.00 0 -0.1074 % 4,297.4
Floater 6.98 % 7.41 % 63,100 12.08 3 -0.1074 % 2,476.6
OpRet 0.00 % 0.00 % 0 0.00 0 0.2484 % 3,628.8
SplitShare 4.81 % 4.88 % 71,103 0.89 9 0.2484 % 4,333.5
Interest-Bearing 0.00 % 0.00 % 0 0.00 0 0.2484 % 3,381.2
Perpetual-Premium 0.00 % 0.00 % 0 0.00 0 0.0889 % 2,971.4
Perpetual-Discount 5.79 % 5.91 % 55,539 14.01 33 0.0889 % 3,240.2
FixedReset Disc 5.51 % 6.22 % 120,155 13.21 49 0.3845 % 2,830.0
Insurance Straight 5.78 % 5.72 % 71,559 14.34 21 -0.7977 % 3,131.9
FloatingReset 5.73 % 5.78 % 29,435 14.23 3 -0.1672 % 3,579.2
FixedReset Prem 6.31 % 5.36 % 140,114 13.80 10 0.2288 % 2,592.9
FixedReset Bank Non 0.00 % 0.00 % 0 0.00 0 0.3845 % 2,892.8
FixedReset Ins Non 5.46 % 5.59 % 73,320 14.17 12 -0.2143 % 2,880.8
Performance Highlights
Issue Index Change Notes
GWO.PR.T Insurance Straight -15.85 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-01
Maturity Price : 17.25
Evaluated at bid price : 17.25
Bid-YTW : 7.53 %
GWO.PR.G Insurance Straight -4.12 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-01
Maturity Price : 21.35
Evaluated at bid price : 21.62
Bid-YTW : 6.04 %
ENB.PR.P FixedReset Disc -3.34 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-01
Maturity Price : 19.40
Evaluated at bid price : 19.40
Bid-YTW : 7.01 %
MFC.PR.M FixedReset Ins Non -3.30 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-01
Maturity Price : 21.82
Evaluated at bid price : 22.24
Bid-YTW : 5.83 %
IFC.PR.C FixedReset Ins Non -3.04 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-01
Maturity Price : 20.75
Evaluated at bid price : 20.75
Bid-YTW : 6.20 %
IFC.PR.F Insurance Straight -2.86 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-01
Maturity Price : 22.48
Evaluated at bid price : 22.75
Bid-YTW : 5.85 %
CU.PR.H Perpetual-Discount -2.15 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-01
Maturity Price : 22.55
Evaluated at bid price : 22.80
Bid-YTW : 5.82 %
GWO.PR.H Insurance Straight -2.00 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-01
Maturity Price : 20.53
Evaluated at bid price : 20.53
Bid-YTW : 5.95 %
SLF.PR.J FloatingReset -1.64 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-01
Maturity Price : 16.81
Evaluated at bid price : 16.81
Bid-YTW : 6.10 %
ENB.PR.N FixedReset Disc -1.46 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-01
Maturity Price : 21.88
Evaluated at bid price : 22.25
Bid-YTW : 6.41 %
BN.PF.D Perpetual-Discount -1.38 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-01
Maturity Price : 20.01
Evaluated at bid price : 20.01
Bid-YTW : 6.17 %
ENB.PR.F FixedReset Disc 1.03 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-01
Maturity Price : 19.60
Evaluated at bid price : 19.60
Bid-YTW : 6.78 %
FTS.PR.G FixedReset Disc 1.04 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-01
Maturity Price : 21.96
Evaluated at bid price : 22.33
Bid-YTW : 5.72 %
BMO.PR.E FixedReset Prem 1.04 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-01
Maturity Price : 23.62
Evaluated at bid price : 26.12
Bid-YTW : 5.36 %
GWO.PR.Y Insurance Straight 1.07 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-01
Maturity Price : 19.80
Evaluated at bid price : 19.80
Bid-YTW : 5.72 %
ENB.PR.B FixedReset Disc 1.18 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-01
Maturity Price : 18.80
Evaluated at bid price : 18.80
Bid-YTW : 6.84 %
CU.PR.E Perpetual-Discount 1.20 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-01
Maturity Price : 21.10
Evaluated at bid price : 21.10
Bid-YTW : 5.88 %
PWF.PR.S Perpetual-Discount 1.22 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-01
Maturity Price : 20.78
Evaluated at bid price : 20.78
Bid-YTW : 5.89 %
FFH.PR.K FixedReset Disc 1.22 % YTW SCENARIO
Maturity Type : Call
Maturity Date : 2027-03-31
Maturity Price : 25.00
Evaluated at bid price : 24.85
Bid-YTW : 5.41 %
ENB.PR.J FixedReset Disc 1.23 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-01
Maturity Price : 20.55
Evaluated at bid price : 20.55
Bid-YTW : 6.69 %
CCS.PR.C Insurance Straight 1.34 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-01
Maturity Price : 21.75
Evaluated at bid price : 22.00
Bid-YTW : 5.71 %
FTS.PR.M FixedReset Disc 1.40 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-01
Maturity Price : 21.48
Evaluated at bid price : 21.77
Bid-YTW : 6.07 %
ENB.PR.H FixedReset Disc 1.41 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-01
Maturity Price : 20.79
Evaluated at bid price : 20.79
Bid-YTW : 6.18 %
GWO.PR.S Insurance Straight 1.47 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-01
Maturity Price : 22.49
Evaluated at bid price : 22.75
Bid-YTW : 5.80 %
BN.PF.J FixedReset Disc 1.53 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-01
Maturity Price : 22.97
Evaluated at bid price : 23.92
Bid-YTW : 6.09 %
MFC.PR.B Insurance Straight 1.57 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-01
Maturity Price : 20.67
Evaluated at bid price : 20.67
Bid-YTW : 5.68 %
BN.PF.I FixedReset Disc 1.67 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-01
Maturity Price : 23.34
Evaluated at bid price : 24.40
Bid-YTW : 6.49 %
FTS.PR.K FixedReset Disc 1.67 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-01
Maturity Price : 21.35
Evaluated at bid price : 21.35
Bid-YTW : 5.79 %
ENB.PF.K FixedReset Disc 1.69 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-01
Maturity Price : 22.99
Evaluated at bid price : 24.00
Bid-YTW : 6.17 %
CU.PR.G Perpetual-Discount 2.03 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-01
Maturity Price : 20.10
Evaluated at bid price : 20.10
Bid-YTW : 5.67 %
IFC.PR.A FixedReset Ins Non 3.79 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-01
Maturity Price : 20.00
Evaluated at bid price : 20.00
Bid-YTW : 5.59 %
Volume Highlights
Issue Index Shares
Traded
Notes
NA.PR.E FixedReset Disc 173,153 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-01
Maturity Price : 23.42
Evaluated at bid price : 25.18
Bid-YTW : 5.28 %
NA.PR.G FixedReset Prem 101,145 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-01
Maturity Price : 23.62
Evaluated at bid price : 26.12
Bid-YTW : 5.50 %
ENB.PF.A FixedReset Disc 75,460 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-01
Maturity Price : 20.12
Evaluated at bid price : 20.12
Bid-YTW : 6.83 %
FTS.PR.M FixedReset Disc 60,326 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-01
Maturity Price : 21.48
Evaluated at bid price : 21.77
Bid-YTW : 6.07 %
ENB.PR.N FixedReset Disc 55,669 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-01
Maturity Price : 21.88
Evaluated at bid price : 22.25
Bid-YTW : 6.41 %
BN.PR.R FixedReset Disc 32,201 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-01
Maturity Price : 17.66
Evaluated at bid price : 17.66
Bid-YTW : 6.83 %
There were 15 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: 17.25 – 22.77
Spot Rate : 5.5200
Average : 4.3838

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-01
Maturity Price : 17.25
Evaluated at bid price : 17.25
Bid-YTW : 7.53 %

GWO.PR.G Insurance Straight Quote: 21.62 – 23.37
Spot Rate : 1.7500
Average : 1.1949

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-01
Maturity Price : 21.35
Evaluated at bid price : 21.62
Bid-YTW : 6.04 %

PVS.PR.M SplitShare Quote: 25.16 – 26.16
Spot Rate : 1.0000
Average : 0.5627

YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2031-03-31
Maturity Price : 25.00
Evaluated at bid price : 25.16
Bid-YTW : 5.12 %

PVS.PR.H SplitShare Quote: 25.20 – 26.20
Spot Rate : 1.0000
Average : 0.5639

YTW SCENARIO
Maturity Type : Call
Maturity Date : 2026-02-28
Maturity Price : 25.00
Evaluated at bid price : 25.20
Bid-YTW : 4.17 %

PVS.PR.G SplitShare Quote: 25.08 – 26.08
Spot Rate : 1.0000
Average : 0.5824

YTW SCENARIO
Maturity Type : Option Certainty
Maturity Date : 2026-02-28
Maturity Price : 25.00
Evaluated at bid price : 25.08
Bid-YTW : 4.93 %

CU.PR.C FixedReset Disc Quote: 20.65 – 22.12
Spot Rate : 1.4700
Average : 1.0639

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-01
Maturity Price : 20.65
Evaluated at bid price : 20.65
Bid-YTW : 6.22 %

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