Market Action

April 9, 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 -1.9333 % 2,075.9
FixedFloater 0.00 % 0.00 % 0 0.00 0 -1.9333 % 4,041.1
Floater 7.43 % 7.98 % 61,562 11.43 3 -1.9333 % 2,328.9
OpRet 0.00 % 0.00 % 0 0.00 0 0.1696 % 3,605.0
SplitShare 4.84 % 5.07 % 79,862 1.79 9 0.1696 % 4,305.2
Interest-Bearing 0.00 % 0.00 % 0 0.00 0 0.1696 % 3,359.1
Perpetual-Premium 0.00 % 0.00 % 0 0.00 0 -0.3260 % 2,818.0
Perpetual-Discount 6.10 % 6.16 % 61,846 13.69 33 -0.3260 % 3,072.9
FixedReset Disc 5.91 % 6.73 % 132,234 12.81 49 0.2067 % 2,659.9
Insurance Straight 5.97 % 6.06 % 75,754 13.83 21 0.3834 % 3,034.8
FloatingReset 5.89 % 5.88 % 38,465 14.05 3 -0.0645 % 3,434.5
FixedReset Prem 6.52 % 5.61 % 144,683 13.87 10 0.0360 % 2,509.4
FixedReset Bank Non 0.00 % 0.00 % 0 0.00 0 0.2067 % 2,718.9
FixedReset Ins Non 5.86 % 6.16 % 78,615 13.60 12 0.7038 % 2,687.7
Performance Highlights
Issue Index Change Notes
CU.PR.F Perpetual-Discount -4.85 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-09
Maturity Price : 18.05
Evaluated at bid price : 18.05
Bid-YTW : 6.33 %
ENB.PF.K FixedReset Disc -4.05 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-09
Maturity Price : 22.12
Evaluated at bid price : 22.50
Bid-YTW : 6.60 %
FTS.PR.G FixedReset Disc -3.57 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-09
Maturity Price : 20.25
Evaluated at bid price : 20.25
Bid-YTW : 6.34 %
BN.PF.B FixedReset Disc -3.38 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-09
Maturity Price : 19.14
Evaluated at bid price : 19.14
Bid-YTW : 7.24 %
FTS.PR.K FixedReset Disc -3.19 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-09
Maturity Price : 19.41
Evaluated at bid price : 19.41
Bid-YTW : 6.36 %
PWF.PR.T FixedReset Disc -3.01 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-09
Maturity Price : 21.26
Evaluated at bid price : 21.26
Bid-YTW : 6.04 %
ENB.PR.D FixedReset Disc -2.68 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-09
Maturity Price : 17.08
Evaluated at bid price : 17.08
Bid-YTW : 7.55 %
ENB.PR.A Perpetual-Discount -2.59 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-09
Maturity Price : 21.92
Evaluated at bid price : 22.16
Bid-YTW : 6.29 %
PWF.PR.A Floater -2.03 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-09
Maturity Price : 13.03
Evaluated at bid price : 13.03
Bid-YTW : 6.78 %
MFC.PR.L FixedReset Ins Non -2.01 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-09
Maturity Price : 20.46
Evaluated at bid price : 20.46
Bid-YTW : 6.23 %
BN.PR.K Floater -1.96 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-09
Maturity Price : 10.99
Evaluated at bid price : 10.99
Bid-YTW : 7.98 %
IFC.PR.E Insurance Straight -1.82 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-09
Maturity Price : 21.78
Evaluated at bid price : 22.14
Bid-YTW : 5.90 %
IFC.PR.I Insurance Straight -1.82 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-09
Maturity Price : 22.33
Evaluated at bid price : 22.71
Bid-YTW : 5.98 %
BN.PR.B Floater -1.79 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-09
Maturity Price : 10.98
Evaluated at bid price : 10.98
Bid-YTW : 7.98 %
FTS.PR.M FixedReset Disc -1.78 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-09
Maturity Price : 19.90
Evaluated at bid price : 19.90
Bid-YTW : 6.65 %
CU.PR.J Perpetual-Discount -1.75 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-09
Maturity Price : 19.65
Evaluated at bid price : 19.65
Bid-YTW : 6.14 %
IFC.PR.F Insurance Straight -1.57 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-09
Maturity Price : 21.61
Evaluated at bid price : 22.00
Bid-YTW : 6.06 %
CU.PR.H Perpetual-Discount -1.54 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-09
Maturity Price : 22.17
Evaluated at bid price : 22.45
Bid-YTW : 5.92 %
GWO.PR.I Insurance Straight -1.53 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-09
Maturity Price : 18.61
Evaluated at bid price : 18.61
Bid-YTW : 6.10 %
PWF.PR.F Perpetual-Discount -1.33 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-09
Maturity Price : 21.26
Evaluated at bid price : 21.26
Bid-YTW : 6.20 %
ENB.PR.H FixedReset Disc -1.31 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-09
Maturity Price : 18.77
Evaluated at bid price : 18.77
Bid-YTW : 6.85 %
MFC.PR.I FixedReset Ins Non -1.31 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-09
Maturity Price : 22.70
Evaluated at bid price : 23.32
Bid-YTW : 5.98 %
MFC.PR.K FixedReset Ins Non -1.27 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-09
Maturity Price : 22.12
Evaluated at bid price : 22.57
Bid-YTW : 5.75 %
BN.PR.N Perpetual-Discount -1.23 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-09
Maturity Price : 18.40
Evaluated at bid price : 18.40
Bid-YTW : 6.52 %
NA.PR.C FixedReset Prem -1.22 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-09
Maturity Price : 23.48
Evaluated at bid price : 25.09
Bid-YTW : 6.10 %
MFC.PR.J FixedReset Ins Non -1.16 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-09
Maturity Price : 22.46
Evaluated at bid price : 23.03
Bid-YTW : 5.89 %
PWF.PR.Z Perpetual-Discount -1.07 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-09
Maturity Price : 20.75
Evaluated at bid price : 20.75
Bid-YTW : 6.23 %
GWO.PR.R Insurance Straight -1.01 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-09
Maturity Price : 19.55
Evaluated at bid price : 19.55
Bid-YTW : 6.20 %
TD.PF.I FixedReset Prem 1.00 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-09
Maturity Price : 23.55
Evaluated at bid price : 25.25
Bid-YTW : 5.70 %
ENB.PF.E FixedReset Disc 1.02 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-09
Maturity Price : 17.80
Evaluated at bid price : 17.80
Bid-YTW : 7.46 %
BIP.PR.B FixedReset Disc 1.02 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-09
Maturity Price : 24.19
Evaluated at bid price : 24.70
Bid-YTW : 7.18 %
FTS.PR.F Perpetual-Discount 1.03 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-09
Maturity Price : 20.61
Evaluated at bid price : 20.61
Bid-YTW : 6.03 %
ENB.PR.T FixedReset Disc 1.04 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-09
Maturity Price : 19.40
Evaluated at bid price : 19.40
Bid-YTW : 7.15 %
TD.PF.J FixedReset Prem 1.06 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-09
Maturity Price : 23.30
Evaluated at bid price : 24.81
Bid-YTW : 5.46 %
PWF.PR.G Perpetual-Discount 1.09 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-09
Maturity Price : 23.32
Evaluated at bid price : 23.60
Bid-YTW : 6.26 %
IFC.PR.K Insurance Straight 1.15 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-09
Maturity Price : 21.70
Evaluated at bid price : 22.01
Bid-YTW : 6.00 %
PVS.PR.L SplitShare 1.20 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-06-30
Maturity Price : 25.00
Evaluated at bid price : 25.20
Bid-YTW : 5.47 %
NA.PR.E FixedReset Disc 1.21 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-09
Maturity Price : 23.05
Evaluated at bid price : 24.20
Bid-YTW : 5.41 %
TD.PF.E FixedReset Disc 1.26 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-09
Maturity Price : 23.32
Evaluated at bid price : 24.05
Bid-YTW : 5.64 %
BN.PF.J FixedReset Disc 1.40 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-09
Maturity Price : 22.09
Evaluated at bid price : 22.42
Bid-YTW : 6.51 %
BIP.PR.A FixedReset Disc 1.47 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-09
Maturity Price : 22.18
Evaluated at bid price : 22.85
Bid-YTW : 6.73 %
IFC.PR.G FixedReset Ins Non 1.49 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-09
Maturity Price : 22.13
Evaluated at bid price : 22.55
Bid-YTW : 5.94 %
CU.PR.D Perpetual-Discount 1.50 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-09
Maturity Price : 20.30
Evaluated at bid price : 20.30
Bid-YTW : 6.13 %
GWO.PR.G Insurance Straight 1.75 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-09
Maturity Price : 21.47
Evaluated at bid price : 21.47
Bid-YTW : 6.11 %
PWF.PR.S Perpetual-Discount 1.76 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-09
Maturity Price : 19.31
Evaluated at bid price : 19.31
Bid-YTW : 6.24 %
BIP.PR.E FixedReset Disc 1.77 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-09
Maturity Price : 22.44
Evaluated at bid price : 23.00
Bid-YTW : 6.35 %
ENB.PF.G FixedReset Disc 1.87 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-09
Maturity Price : 17.95
Evaluated at bid price : 17.95
Bid-YTW : 7.35 %
BN.PF.H FixedReset Disc 1.96 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-09
Maturity Price : 23.81
Evaluated at bid price : 24.40
Bid-YTW : 6.88 %
ENB.PF.C FixedReset Disc 1.98 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-09
Maturity Price : 18.50
Evaluated at bid price : 18.50
Bid-YTW : 7.32 %
POW.PR.C Perpetual-Discount 2.09 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-09
Maturity Price : 23.62
Evaluated at bid price : 23.89
Bid-YTW : 6.09 %
CU.PR.I FixedReset Disc 2.30 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-09
Maturity Price : 23.83
Evaluated at bid price : 24.45
Bid-YTW : 6.40 %
IFC.PR.C FixedReset Ins Non 2.32 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-09
Maturity Price : 19.85
Evaluated at bid price : 19.85
Bid-YTW : 6.44 %
MFC.PR.C Insurance Straight 2.37 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-09
Maturity Price : 19.45
Evaluated at bid price : 19.45
Bid-YTW : 5.85 %
SLF.PR.D Insurance Straight 2.84 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-09
Maturity Price : 19.58
Evaluated at bid price : 19.58
Bid-YTW : 5.73 %
PWF.PR.L Perpetual-Discount 3.03 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-09
Maturity Price : 20.71
Evaluated at bid price : 20.71
Bid-YTW : 6.18 %
GWO.PR.T Insurance Straight 3.17 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-09
Maturity Price : 21.15
Evaluated at bid price : 21.15
Bid-YTW : 6.14 %
MFC.PR.Q FixedReset Ins Non 3.18 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-09
Maturity Price : 22.23
Evaluated at bid price : 22.70
Bid-YTW : 5.89 %
BN.PF.A FixedReset Disc 3.43 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-09
Maturity Price : 21.39
Evaluated at bid price : 21.72
Bid-YTW : 6.72 %
BN.PR.Z FixedReset Disc 4.00 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-09
Maturity Price : 19.76
Evaluated at bid price : 19.76
Bid-YTW : 7.25 %
GWO.PR.N FixedReset Ins Non 4.03 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-09
Maturity Price : 14.70
Evaluated at bid price : 14.70
Bid-YTW : 6.49 %
PWF.PR.E Perpetual-Discount 4.06 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-09
Maturity Price : 22.28
Evaluated at bid price : 22.55
Bid-YTW : 6.10 %
GWO.PR.S Insurance Straight 4.36 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-09
Maturity Price : 21.50
Evaluated at bid price : 21.76
Bid-YTW : 6.07 %
IFC.PR.A FixedReset Ins Non 5.00 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-09
Maturity Price : 18.05
Evaluated at bid price : 18.05
Bid-YTW : 6.17 %
BN.PF.I FixedReset Disc 5.09 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-09
Maturity Price : 22.79
Evaluated at bid price : 23.13
Bid-YTW : 6.86 %
BN.PF.C Perpetual-Discount 5.21 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-09
Maturity Price : 18.78
Evaluated at bid price : 18.78
Bid-YTW : 6.52 %
Volume Highlights
Issue Index Shares
Traded
Notes
BN.PF.B FixedReset Disc 92,679 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-09
Maturity Price : 19.14
Evaluated at bid price : 19.14
Bid-YTW : 7.24 %
FFH.PR.G FixedReset Disc 82,774 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-09
Maturity Price : 21.89
Evaluated at bid price : 22.40
Bid-YTW : 5.70 %
RY.PR.J FixedReset Disc 81,109 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-09
Maturity Price : 22.86
Evaluated at bid price : 24.22
Bid-YTW : 5.48 %
CM.PR.Q FixedReset Disc 79,653 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-09
Maturity Price : 23.35
Evaluated at bid price : 24.25
Bid-YTW : 5.49 %
ENB.PR.B FixedReset Disc 78,636 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-09
Maturity Price : 17.00
Evaluated at bid price : 17.00
Bid-YTW : 7.54 %
FFH.PR.I FixedReset Disc 67,247 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-09
Maturity Price : 22.08
Evaluated at bid price : 22.71
Bid-YTW : 5.90 %
There were 42 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
PWF.PR.T FixedReset Disc Quote: 21.26 – 22.70
Spot Rate : 1.4400
Average : 0.8373

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-09
Maturity Price : 21.26
Evaluated at bid price : 21.26
Bid-YTW : 6.04 %

GWO.PR.R Insurance Straight Quote: 19.55 – 21.20
Spot Rate : 1.6500
Average : 1.1061

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-09
Maturity Price : 19.55
Evaluated at bid price : 19.55
Bid-YTW : 6.20 %

BN.PF.J FixedReset Disc Quote: 22.42 – 24.37
Spot Rate : 1.9500
Average : 1.4400

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-09
Maturity Price : 22.09
Evaluated at bid price : 22.42
Bid-YTW : 6.51 %

FFH.PR.G FixedReset Disc Quote: 22.40 – 23.80
Spot Rate : 1.4000
Average : 0.9069

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-09
Maturity Price : 21.89
Evaluated at bid price : 22.40
Bid-YTW : 5.70 %

ENB.PR.F FixedReset Disc Quote: 17.70 – 19.00
Spot Rate : 1.3000
Average : 0.8090

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-09
Maturity Price : 17.70
Evaluated at bid price : 17.70
Bid-YTW : 7.50 %

FFH.PR.J FloatingReset Quote: 23.25 – 24.40
Spot Rate : 1.1500
Average : 0.6936

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-09
Maturity Price : 22.85
Evaluated at bid price : 23.25
Bid-YTW : 5.88 %

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