Market Action

April 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 -0.0291 % 2,040.3
FixedFloater 0.00 % 0.00 % 0 0.00 0 -0.0291 % 3,971.8
Floater 7.55 % 8.01 % 61,533 11.39 3 -0.0291 % 2,289.0
OpRet 0.00 % 0.00 % 0 0.00 0 0.0446 % 3,605.3
SplitShare 4.84 % 5.17 % 75,842 1.78 9 0.0446 % 4,305.5
Interest-Bearing 0.00 % 0.00 % 0 0.00 0 0.0446 % 3,359.4
Perpetual-Premium 0.00 % 0.00 % 0 0.00 0 0.5397 % 2,791.5
Perpetual-Discount 6.16 % 6.27 % 60,035 13.54 33 0.5397 % 3,044.0
FixedReset Disc 5.99 % 7.20 % 135,760 12.33 49 0.3120 % 2,624.5
Insurance Straight 6.10 % 6.13 % 73,032 13.72 21 -0.0163 % 2,967.4
FloatingReset 5.98 % 5.96 % 40,226 13.93 3 0.3234 % 3,440.0
FixedReset Prem 6.55 % 5.86 % 147,972 13.59 10 0.1084 % 2,501.3
FixedReset Bank Non 0.00 % 0.00 % 0 0.00 0 0.3120 % 2,682.8
FixedReset Ins Non 5.99 % 6.60 % 77,386 12.93 12 -0.3031 % 2,626.2
Performance Highlights
Issue Index Change Notes
PWF.PR.T FixedReset Disc -18.61 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-11
Maturity Price : 17.10
Evaluated at bid price : 17.10
Bid-YTW : 7.87 %
CCS.PR.C Insurance Straight -17.32 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-11
Maturity Price : 17.57
Evaluated at bid price : 17.57
Bid-YTW : 7.19 %
MFC.PR.M FixedReset Ins Non -7.95 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-11
Maturity Price : 19.10
Evaluated at bid price : 19.10
Bid-YTW : 7.09 %
GWO.PR.T Insurance Straight -6.48 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-11
Maturity Price : 20.50
Evaluated at bid price : 20.50
Bid-YTW : 6.34 %
GWO.PR.R Insurance Straight -5.73 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-11
Maturity Price : 19.42
Evaluated at bid price : 19.42
Bid-YTW : 6.24 %
PWF.PR.A Floater -4.94 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-11
Maturity Price : 12.50
Evaluated at bid price : 12.50
Bid-YTW : 7.08 %
PWF.PR.H Perpetual-Discount -3.93 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-11
Maturity Price : 21.75
Evaluated at bid price : 22.00
Bid-YTW : 6.55 %
GWO.PR.L Insurance Straight -2.23 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-11
Maturity Price : 22.08
Evaluated at bid price : 22.31
Bid-YTW : 6.38 %
GWO.PR.G Insurance Straight -1.70 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-11
Maturity Price : 20.80
Evaluated at bid price : 20.80
Bid-YTW : 6.31 %
BN.PF.G FixedReset Disc -1.21 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-11
Maturity Price : 17.90
Evaluated at bid price : 17.90
Bid-YTW : 8.03 %
GWO.PR.N FixedReset Ins Non 1.03 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-11
Maturity Price : 14.75
Evaluated at bid price : 14.75
Bid-YTW : 6.94 %
ENB.PF.G FixedReset Disc 1.03 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-11
Maturity Price : 17.65
Evaluated at bid price : 17.65
Bid-YTW : 7.89 %
IFC.PR.E Insurance Straight 1.14 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-11
Maturity Price : 21.74
Evaluated at bid price : 22.10
Bid-YTW : 5.92 %
PWF.PR.P FixedReset Disc 1.21 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-11
Maturity Price : 14.25
Evaluated at bid price : 14.25
Bid-YTW : 7.65 %
FTS.PR.M FixedReset Disc 1.24 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-11
Maturity Price : 19.65
Evaluated at bid price : 19.65
Bid-YTW : 7.00 %
GWO.PR.M Insurance Straight 1.25 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-11
Maturity Price : 23.25
Evaluated at bid price : 23.55
Bid-YTW : 6.20 %
BN.PF.J FixedReset Disc 1.27 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-11
Maturity Price : 22.04
Evaluated at bid price : 22.35
Bid-YTW : 6.81 %
MFC.PR.B Insurance Straight 1.30 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-11
Maturity Price : 19.55
Evaluated at bid price : 19.55
Bid-YTW : 6.02 %
BN.PF.I FixedReset Disc 1.31 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-11
Maturity Price : 22.11
Evaluated at bid price : 22.40
Bid-YTW : 7.36 %
FTS.PR.K FixedReset Disc 1.60 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-11
Maturity Price : 19.00
Evaluated at bid price : 19.00
Bid-YTW : 6.80 %
BN.PF.B FixedReset Disc 1.84 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-11
Maturity Price : 19.41
Evaluated at bid price : 19.41
Bid-YTW : 7.42 %
IFC.PR.A FixedReset Ins Non 1.94 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-11
Maturity Price : 17.35
Evaluated at bid price : 17.35
Bid-YTW : 6.78 %
BIP.PR.F FixedReset Disc 1.95 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-11
Maturity Price : 21.70
Evaluated at bid price : 22.00
Bid-YTW : 6.85 %
ENB.PR.N FixedReset Disc 2.03 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-11
Maturity Price : 20.65
Evaluated at bid price : 20.65
Bid-YTW : 7.20 %
BIP.PR.E FixedReset Disc 2.27 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-11
Maturity Price : 22.12
Evaluated at bid price : 22.50
Bid-YTW : 6.77 %
BN.PF.A FixedReset Disc 2.38 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-11
Maturity Price : 21.50
Evaluated at bid price : 21.50
Bid-YTW : 7.08 %
IFC.PR.F Insurance Straight 2.71 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-11
Maturity Price : 21.62
Evaluated at bid price : 22.01
Bid-YTW : 6.06 %
GWO.PR.S Insurance Straight 2.88 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-11
Maturity Price : 21.10
Evaluated at bid price : 21.10
Bid-YTW : 6.28 %
BN.PR.K Floater 2.91 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-11
Maturity Price : 10.95
Evaluated at bid price : 10.95
Bid-YTW : 8.01 %
BN.PR.B Floater 3.11 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-11
Maturity Price : 10.95
Evaluated at bid price : 10.95
Bid-YTW : 8.01 %
GWO.PR.Q Insurance Straight 3.21 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-11
Maturity Price : 20.91
Evaluated at bid price : 20.91
Bid-YTW : 6.22 %
IFC.PR.K Insurance Straight 3.32 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-11
Maturity Price : 21.47
Evaluated at bid price : 21.80
Bid-YTW : 6.06 %
GWO.PR.I Insurance Straight 3.89 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-11
Maturity Price : 18.70
Evaluated at bid price : 18.70
Bid-YTW : 6.07 %
CU.PR.F Perpetual-Discount 4.23 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-11
Maturity Price : 18.50
Evaluated at bid price : 18.50
Bid-YTW : 6.18 %
BN.PR.Z FixedReset Disc 5.26 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-11
Maturity Price : 20.00
Evaluated at bid price : 20.00
Bid-YTW : 7.46 %
ENB.PR.P FixedReset Disc 7.24 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-11
Maturity Price : 18.23
Evaluated at bid price : 18.23
Bid-YTW : 7.75 %
GWO.PR.H Insurance Straight 17.61 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-11
Maturity Price : 19.70
Evaluated at bid price : 19.70
Bid-YTW : 6.22 %
CU.PR.G Perpetual-Discount 28.88 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-11
Maturity Price : 18.70
Evaluated at bid price : 18.70
Bid-YTW : 6.11 %
Volume Highlights
Issue Index Shares
Traded
Notes
CU.PR.I FixedReset Disc 75,000 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-11
Maturity Price : 23.93
Evaluated at bid price : 24.53
Bid-YTW : 6.67 %
NA.PR.C FixedReset Prem 71,050 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-11
Maturity Price : 23.53
Evaluated at bid price : 25.23
Bid-YTW : 6.31 %
CM.PR.Q FixedReset Disc 60,400 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-11
Maturity Price : 23.23
Evaluated at bid price : 24.15
Bid-YTW : 5.81 %
ENB.PF.E FixedReset Disc 47,195 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-11
Maturity Price : 17.64
Evaluated at bid price : 17.64
Bid-YTW : 7.94 %
FTS.PR.M FixedReset Disc 43,200 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-11
Maturity Price : 19.65
Evaluated at bid price : 19.65
Bid-YTW : 7.00 %
ENB.PR.Y FixedReset Disc 32,643 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-11
Maturity Price : 17.07
Evaluated at bid price : 17.07
Bid-YTW : 7.88 %
There were 14 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
MFC.PR.M FixedReset Ins Non Quote: 19.10 – 25.00
Spot Rate : 5.9000
Average : 3.3405

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-11
Maturity Price : 19.10
Evaluated at bid price : 19.10
Bid-YTW : 7.09 %

FTS.PR.M FixedReset Disc Quote: 19.65 – 24.90
Spot Rate : 5.2500
Average : 3.1006

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-11
Maturity Price : 19.65
Evaluated at bid price : 19.65
Bid-YTW : 7.00 %

CCS.PR.C Insurance Straight Quote: 17.57 – 21.99
Spot Rate : 4.4200
Average : 2.6058

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-11
Maturity Price : 17.57
Evaluated at bid price : 17.57
Bid-YTW : 7.19 %

PWF.PR.T FixedReset Disc Quote: 17.10 – 21.40
Spot Rate : 4.3000
Average : 2.6215

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-11
Maturity Price : 17.10
Evaluated at bid price : 17.10
Bid-YTW : 7.87 %

MFC.PR.Q FixedReset Ins Non Quote: 22.45 – 25.00
Spot Rate : 2.5500
Average : 1.5615

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-11
Maturity Price : 22.06
Evaluated at bid price : 22.45
Bid-YTW : 6.23 %

GWO.PR.Y Insurance Straight Quote: 18.50 – 21.00
Spot Rate : 2.5000
Average : 1.7342

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-11
Maturity Price : 18.50
Evaluated at bid price : 18.50
Bid-YTW : 6.14 %

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