Market Action

April 3, 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 0.2416 % 2,214.7
FixedFloater 0.00 % 0.00 % 0 0.00 0 0.2416 % 4,311.3
Floater 6.96 % 7.40 % 62,924 12.09 3 0.2416 % 2,484.6
OpRet 0.00 % 0.00 % 0 0.00 0 -0.1946 % 3,624.0
SplitShare 4.81 % 4.92 % 72,652 1.81 9 -0.1946 % 4,327.8
Interest-Bearing 0.00 % 0.00 % 0 0.00 0 -0.1946 % 3,376.7
Perpetual-Premium 0.00 % 0.00 % 0 0.00 0 -0.3678 % 2,948.1
Perpetual-Discount 5.83 % 5.96 % 54,847 13.94 33 -0.3678 % 3,214.8
FixedReset Disc 5.55 % 6.21 % 121,120 13.26 49 -0.2660 % 2,832.2
Insurance Straight 5.73 % 5.78 % 70,645 14.21 21 -0.9031 % 3,157.2
FloatingReset 5.78 % 5.83 % 32,693 14.15 3 -0.4661 % 3,551.4
FixedReset Prem 6.34 % 5.36 % 134,324 13.85 10 -0.4642 % 2,581.1
FixedReset Bank Non 0.00 % 0.00 % 0 0.00 0 -0.2660 % 2,895.0
FixedReset Ins Non 5.47 % 5.60 % 70,864 14.14 12 -0.5057 % 2,876.8
Performance Highlights
Issue Index Change Notes
GWO.PR.M Insurance Straight -4.18 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-03
Maturity Price : 23.14
Evaluated at bid price : 23.40
Bid-YTW : 6.23 %
SLF.PR.D Insurance Straight -3.46 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-03
Maturity Price : 19.80
Evaluated at bid price : 19.80
Bid-YTW : 5.66 %
IFC.PR.C FixedReset Ins Non -3.17 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-03
Maturity Price : 20.75
Evaluated at bid price : 20.75
Bid-YTW : 6.20 %
PWF.PR.P FixedReset Disc -3.13 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-03
Maturity Price : 15.50
Evaluated at bid price : 15.50
Bid-YTW : 6.71 %
IFC.PR.K Insurance Straight -3.01 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-03
Maturity Price : 22.20
Evaluated at bid price : 22.55
Bid-YTW : 5.85 %
CU.PR.D Perpetual-Discount -2.30 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-03
Maturity Price : 20.81
Evaluated at bid price : 20.81
Bid-YTW : 5.97 %
IFC.PR.F Insurance Straight -2.15 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-03
Maturity Price : 22.48
Evaluated at bid price : 22.75
Bid-YTW : 5.85 %
CU.PR.H Perpetual-Discount -1.94 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-03
Maturity Price : 22.55
Evaluated at bid price : 22.80
Bid-YTW : 5.82 %
SLF.PR.E Insurance Straight -1.79 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-03
Maturity Price : 20.30
Evaluated at bid price : 20.30
Bid-YTW : 5.58 %
PWF.PR.T FixedReset Disc -1.58 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-03
Maturity Price : 22.37
Evaluated at bid price : 23.03
Bid-YTW : 5.66 %
SLF.PR.C Insurance Straight -1.40 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-03
Maturity Price : 20.36
Evaluated at bid price : 20.36
Bid-YTW : 5.50 %
ENB.PR.B FixedReset Disc -1.38 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-03
Maturity Price : 18.58
Evaluated at bid price : 18.58
Bid-YTW : 6.92 %
ENB.PF.K FixedReset Disc -1.22 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-03
Maturity Price : 23.08
Evaluated at bid price : 24.20
Bid-YTW : 6.11 %
MFC.PR.Q FixedReset Ins Non -1.10 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-03
Maturity Price : 23.06
Evaluated at bid price : 24.25
Bid-YTW : 5.49 %
BN.PR.X FixedReset Disc -1.07 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-03
Maturity Price : 16.63
Evaluated at bid price : 16.63
Bid-YTW : 6.77 %
TD.PF.I FixedReset Prem -1.06 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-03
Maturity Price : 23.54
Evaluated at bid price : 25.25
Bid-YTW : 5.73 %
PWF.PR.Z Perpetual-Discount -1.04 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-03
Maturity Price : 21.52
Evaluated at bid price : 21.87
Bid-YTW : 5.98 %
ENB.PR.N FixedReset Disc 1.11 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-03
Maturity Price : 22.22
Evaluated at bid price : 22.75
Bid-YTW : 6.25 %
BN.PF.D Perpetual-Discount 1.60 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-03
Maturity Price : 20.33
Evaluated at bid price : 20.33
Bid-YTW : 6.07 %
CU.PR.C FixedReset Disc 1.69 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-03
Maturity Price : 21.00
Evaluated at bid price : 21.00
Bid-YTW : 6.11 %
Volume Highlights
Issue Index Shares
Traded
Notes
RY.PR.J FixedReset Disc 253,391 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-03
Maturity Price : 23.75
Evaluated at bid price : 24.78
Bid-YTW : 5.41 %
BN.PF.F FixedReset Disc 50,174 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-03
Maturity Price : 21.66
Evaluated at bid price : 22.00
Bid-YTW : 6.40 %
FFH.PR.H FloatingReset 43,841 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-03
Maturity Price : 23.27
Evaluated at bid price : 23.60
Bid-YTW : 5.55 %
SLF.PR.G FixedReset Ins Non 27,300 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-03
Maturity Price : 16.80
Evaluated at bid price : 16.80
Bid-YTW : 6.02 %
FFH.PR.J FloatingReset 26,394 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-03
Maturity Price : 23.46
Evaluated at bid price : 23.76
Bid-YTW : 5.83 %
PVS.PR.K SplitShare 24,500 YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2029-05-31
Maturity Price : 25.00
Evaluated at bid price : 24.80
Bid-YTW : 4.78 %
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
FTS.PR.M FixedReset Disc Quote: 21.78 – 24.90
Spot Rate : 3.1200
Average : 1.8026

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-03
Maturity Price : 21.49
Evaluated at bid price : 21.78
Bid-YTW : 6.07 %

CU.PR.G Perpetual-Discount Quote: 16.00 – 20.20
Spot Rate : 4.2000
Average : 3.3211

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-03
Maturity Price : 16.00
Evaluated at bid price : 16.00
Bid-YTW : 7.14 %

CU.PR.F Perpetual-Discount Quote: 20.02 – 23.88
Spot Rate : 3.8600
Average : 2.9997

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-03
Maturity Price : 20.02
Evaluated at bid price : 20.02
Bid-YTW : 5.69 %

CU.PR.H Perpetual-Discount Quote: 22.80 – 25.00
Spot Rate : 2.2000
Average : 1.6921

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-03
Maturity Price : 22.55
Evaluated at bid price : 22.80
Bid-YTW : 5.82 %

SLF.PR.D Insurance Straight Quote: 19.80 – 21.18
Spot Rate : 1.3800
Average : 0.9105

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-03
Maturity Price : 19.80
Evaluated at bid price : 19.80
Bid-YTW : 5.66 %

GWO.PR.M Insurance Straight Quote: 23.40 – 24.75
Spot Rate : 1.3500
Average : 0.9055

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-03
Maturity Price : 23.14
Evaluated at bid price : 23.40
Bid-YTW : 6.23 %

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