Market Action

April 14, 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 1.9477 % 2,080.1
FixedFloater 0.00 % 0.00 % 0 0.00 0 1.9477 % 4,049.2
Floater 7.41 % 8.05 % 66,110 11.34 3 1.9477 % 2,333.6
OpRet 0.00 % 0.00 % 0 0.00 0 -0.2717 % 3,595.5
SplitShare 4.85 % 5.23 % 75,905 1.77 9 -0.2717 % 4,293.8
Interest-Bearing 0.00 % 0.00 % 0 0.00 0 -0.2717 % 3,350.2
Perpetual-Premium 0.00 % 0.00 % 0 0.00 0 1.5318 % 2,834.3
Perpetual-Discount 6.07 % 6.24 % 59,276 13.60 33 1.5318 % 3,090.6
FixedReset Disc 5.88 % 7.02 % 137,602 12.38 49 1.8439 % 2,672.9
Insurance Straight 6.00 % 6.03 % 78,253 13.83 21 1.7625 % 3,019.7
FloatingReset 5.93 % 5.84 % 41,531 14.12 3 0.7413 % 3,465.5
FixedReset Prem 6.52 % 5.81 % 147,821 13.62 10 0.3730 % 2,510.6
FixedReset Bank Non 0.00 % 0.00 % 0 0.00 0 1.8439 % 2,732.2
FixedReset Ins Non 5.89 % 6.44 % 77,459 13.15 12 1.6916 % 2,670.7
Performance Highlights
Issue Index Change Notes
PVS.PR.K SplitShare -2.94 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2029-05-31
Maturity Price : 25.00
Evaluated at bid price : 23.75
Bid-YTW : 6.00 %
BN.PR.M Perpetual-Discount -2.70 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-14
Maturity Price : 18.00
Evaluated at bid price : 18.00
Bid-YTW : 6.67 %
POW.PR.C Perpetual-Discount -1.51 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-14
Maturity Price : 22.66
Evaluated at bid price : 22.90
Bid-YTW : 6.37 %
GWO.PR.N FixedReset Ins Non -1.36 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-14
Maturity Price : 14.55
Evaluated at bid price : 14.55
Bid-YTW : 7.04 %
ENB.PF.E FixedReset Disc 1.02 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-14
Maturity Price : 17.82
Evaluated at bid price : 17.82
Bid-YTW : 7.87 %
SLF.PR.C Insurance Straight 1.03 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-14
Maturity Price : 19.55
Evaluated at bid price : 19.55
Bid-YTW : 5.75 %
NA.PR.E FixedReset Disc 1.04 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-14
Maturity Price : 23.07
Evaluated at bid price : 24.25
Bid-YTW : 5.65 %
FFH.PR.I FixedReset Disc 1.06 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-14
Maturity Price : 22.13
Evaluated at bid price : 22.80
Bid-YTW : 6.18 %
POW.PR.G Perpetual-Discount 1.08 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-14
Maturity Price : 22.22
Evaluated at bid price : 22.50
Bid-YTW : 6.26 %
PWF.PR.L Perpetual-Discount 1.08 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-14
Maturity Price : 20.52
Evaluated at bid price : 20.52
Bid-YTW : 6.24 %
CU.PR.E Perpetual-Discount 1.09 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-14
Maturity Price : 20.32
Evaluated at bid price : 20.32
Bid-YTW : 6.13 %
CU.PR.D Perpetual-Discount 1.11 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-14
Maturity Price : 20.10
Evaluated at bid price : 20.10
Bid-YTW : 6.19 %
PWF.PR.G Perpetual-Discount 1.11 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-14
Maturity Price : 23.33
Evaluated at bid price : 23.61
Bid-YTW : 6.26 %
ENB.PR.F FixedReset Disc 1.20 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-14
Maturity Price : 17.71
Evaluated at bid price : 17.71
Bid-YTW : 7.82 %
FTS.PR.M FixedReset Disc 1.27 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-14
Maturity Price : 19.90
Evaluated at bid price : 19.90
Bid-YTW : 6.92 %
GWO.PR.I Insurance Straight 1.34 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-14
Maturity Price : 18.95
Evaluated at bid price : 18.95
Bid-YTW : 6.00 %
ENB.PF.G FixedReset Disc 1.42 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-14
Maturity Price : 17.90
Evaluated at bid price : 17.90
Bid-YTW : 7.78 %
BN.PR.T FixedReset Disc 1.43 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-14
Maturity Price : 16.28
Evaluated at bid price : 16.28
Bid-YTW : 7.76 %
BIP.PR.B FixedReset Disc 1.44 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-14
Maturity Price : 24.05
Evaluated at bid price : 24.60
Bid-YTW : 7.49 %
IFC.PR.I Insurance Straight 1.48 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-14
Maturity Price : 22.25
Evaluated at bid price : 22.60
Bid-YTW : 6.01 %
ENB.PR.B FixedReset Disc 1.49 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-14
Maturity Price : 17.00
Evaluated at bid price : 17.00
Bid-YTW : 7.91 %
FTS.PR.J Perpetual-Discount 1.56 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-14
Maturity Price : 20.17
Evaluated at bid price : 20.17
Bid-YTW : 5.98 %
BN.PF.C Perpetual-Discount 1.60 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-14
Maturity Price : 19.00
Evaluated at bid price : 19.00
Bid-YTW : 6.45 %
CU.PR.J Perpetual-Discount 1.61 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-14
Maturity Price : 19.58
Evaluated at bid price : 19.58
Bid-YTW : 6.16 %
PWF.PR.S Perpetual-Discount 1.67 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-14
Maturity Price : 19.45
Evaluated at bid price : 19.45
Bid-YTW : 6.20 %
FFH.PR.K FixedReset Disc 1.69 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-14
Maturity Price : 23.78
Evaluated at bid price : 24.10
Bid-YTW : 6.50 %
POW.PR.D Perpetual-Discount 1.69 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-14
Maturity Price : 20.40
Evaluated at bid price : 20.40
Bid-YTW : 6.17 %
BN.PR.R FixedReset Disc 1.75 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-14
Maturity Price : 16.28
Evaluated at bid price : 16.28
Bid-YTW : 7.76 %
FTS.PR.G FixedReset Disc 1.82 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-14
Maturity Price : 20.73
Evaluated at bid price : 20.73
Bid-YTW : 6.47 %
BIP.PR.F FixedReset Disc 1.82 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-14
Maturity Price : 21.98
Evaluated at bid price : 22.40
Bid-YTW : 6.72 %
FTS.PR.F Perpetual-Discount 1.85 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-14
Maturity Price : 20.93
Evaluated at bid price : 20.93
Bid-YTW : 5.95 %
ENB.PR.H FixedReset Disc 1.91 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-14
Maturity Price : 19.16
Evaluated at bid price : 19.16
Bid-YTW : 7.01 %
GWO.PR.G Insurance Straight 1.92 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-14
Maturity Price : 21.20
Evaluated at bid price : 21.20
Bid-YTW : 6.20 %
GWO.PR.T Insurance Straight 1.95 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-14
Maturity Price : 20.90
Evaluated at bid price : 20.90
Bid-YTW : 6.22 %
ENB.PR.Y FixedReset Disc 1.99 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-14
Maturity Price : 17.41
Evaluated at bid price : 17.41
Bid-YTW : 7.73 %
BN.PF.J FixedReset Disc 2.01 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-14
Maturity Price : 22.35
Evaluated at bid price : 22.80
Bid-YTW : 6.67 %
ENB.PF.C FixedReset Disc 2.06 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-14
Maturity Price : 18.35
Evaluated at bid price : 18.35
Bid-YTW : 7.66 %
PWF.PR.P FixedReset Disc 2.11 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-14
Maturity Price : 14.55
Evaluated at bid price : 14.55
Bid-YTW : 7.50 %
FFH.PR.J FloatingReset 2.15 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-14
Maturity Price : 23.52
Evaluated at bid price : 23.80
Bid-YTW : 5.84 %
BN.PR.N Perpetual-Discount 2.15 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-14
Maturity Price : 18.55
Evaluated at bid price : 18.55
Bid-YTW : 6.47 %
ENB.PR.N FixedReset Disc 2.18 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-14
Maturity Price : 21.10
Evaluated at bid price : 21.10
Bid-YTW : 7.05 %
BN.PF.G FixedReset Disc 2.23 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-14
Maturity Price : 18.30
Evaluated at bid price : 18.30
Bid-YTW : 7.86 %
BN.PR.X FixedReset Disc 2.26 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-14
Maturity Price : 15.36
Evaluated at bid price : 15.36
Bid-YTW : 7.71 %
BN.PF.B FixedReset Disc 2.27 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-14
Maturity Price : 19.85
Evaluated at bid price : 19.85
Bid-YTW : 7.26 %
IFC.PR.G FixedReset Ins Non 2.27 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-14
Maturity Price : 22.09
Evaluated at bid price : 22.50
Bid-YTW : 6.22 %
ENB.PF.A FixedReset Disc 2.30 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-14
Maturity Price : 18.72
Evaluated at bid price : 18.72
Bid-YTW : 7.61 %
IFC.PR.C FixedReset Ins Non 2.47 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-14
Maturity Price : 19.52
Evaluated at bid price : 19.52
Bid-YTW : 6.89 %
BN.PR.Z FixedReset Disc 2.50 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-14
Maturity Price : 20.50
Evaluated at bid price : 20.50
Bid-YTW : 7.28 %
GWO.PR.S Insurance Straight 2.61 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-14
Maturity Price : 21.38
Evaluated at bid price : 21.65
Bid-YTW : 6.11 %
ENB.PR.P FixedReset Disc 2.74 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-14
Maturity Price : 18.73
Evaluated at bid price : 18.73
Bid-YTW : 7.54 %
CU.PR.H Perpetual-Discount 2.94 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-14
Maturity Price : 22.49
Evaluated at bid price : 22.75
Bid-YTW : 5.85 %
ENB.PR.D FixedReset Disc 2.96 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-14
Maturity Price : 17.76
Evaluated at bid price : 17.76
Bid-YTW : 7.60 %
GWO.PR.L Insurance Straight 3.09 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-14
Maturity Price : 22.71
Evaluated at bid price : 23.00
Bid-YTW : 6.19 %
ENB.PR.J FixedReset Disc 3.30 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-14
Maturity Price : 19.12
Evaluated at bid price : 19.12
Bid-YTW : 7.48 %
FTS.PR.K FixedReset Disc 3.32 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-14
Maturity Price : 19.63
Evaluated at bid price : 19.63
Bid-YTW : 6.58 %
CU.PR.C FixedReset Disc 3.39 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-14
Maturity Price : 19.85
Evaluated at bid price : 19.85
Bid-YTW : 6.76 %
ENB.PF.K FixedReset Disc 3.75 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-14
Maturity Price : 22.61
Evaluated at bid price : 23.26
Bid-YTW : 6.63 %
BN.PF.E FixedReset Disc 4.06 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-14
Maturity Price : 17.95
Evaluated at bid price : 17.95
Bid-YTW : 7.55 %
PWF.PR.H Perpetual-Discount 4.14 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-14
Maturity Price : 22.67
Evaluated at bid price : 22.91
Bid-YTW : 6.29 %
IFC.PR.A FixedReset Ins Non 4.44 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-14
Maturity Price : 18.12
Evaluated at bid price : 18.12
Bid-YTW : 6.49 %
PWF.PR.A Floater 6.56 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-14
Maturity Price : 13.32
Evaluated at bid price : 13.32
Bid-YTW : 6.64 %
MFC.PR.M FixedReset Ins Non 9.95 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-14
Maturity Price : 21.00
Evaluated at bid price : 21.00
Bid-YTW : 6.44 %
CCS.PR.C Insurance Straight 19.24 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-14
Maturity Price : 20.95
Evaluated at bid price : 20.95
Bid-YTW : 6.03 %
CU.PR.F Perpetual-Discount 23.68 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-14
Maturity Price : 22.63
Evaluated at bid price : 22.88
Bid-YTW : 4.97 %
PWF.PR.T FixedReset Disc 23.68 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-14
Maturity Price : 21.15
Evaluated at bid price : 21.15
Bid-YTW : 6.34 %
Volume Highlights
Issue Index Shares
Traded
Notes
ENB.PF.C FixedReset Disc 112,000 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-14
Maturity Price : 18.35
Evaluated at bid price : 18.35
Bid-YTW : 7.66 %
ENB.PR.B FixedReset Disc 45,000 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-14
Maturity Price : 17.00
Evaluated at bid price : 17.00
Bid-YTW : 7.91 %
ENB.PR.T FixedReset Disc 44,200 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-14
Maturity Price : 19.25
Evaluated at bid price : 19.25
Bid-YTW : 7.50 %
ENB.PR.D FixedReset Disc 43,000 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-14
Maturity Price : 17.76
Evaluated at bid price : 17.76
Bid-YTW : 7.60 %
CM.PR.Q FixedReset Disc 38,800 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-14
Maturity Price : 23.29
Evaluated at bid price : 24.21
Bid-YTW : 5.80 %
FFH.PR.G FixedReset Disc 38,000 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-14
Maturity Price : 22.15
Evaluated at bid price : 22.82
Bid-YTW : 5.90 %
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
POW.PR.B Perpetual-Discount Quote: 21.55 – 25.00
Spot Rate : 3.4500
Average : 2.0434

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-14
Maturity Price : 21.28
Evaluated at bid price : 21.55
Bid-YTW : 6.24 %

BN.PF.F FixedReset Disc Quote: 19.50 – 22.25
Spot Rate : 2.7500
Average : 1.8294

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-14
Maturity Price : 19.50
Evaluated at bid price : 19.50
Bid-YTW : 7.50 %

BN.PR.Z FixedReset Disc Quote: 20.50 – 22.95
Spot Rate : 2.4500
Average : 1.7021

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-14
Maturity Price : 20.50
Evaluated at bid price : 20.50
Bid-YTW : 7.28 %

CU.PR.H Perpetual-Discount Quote: 22.75 – 25.00
Spot Rate : 2.2500
Average : 1.5515

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-14
Maturity Price : 22.49
Evaluated at bid price : 22.75
Bid-YTW : 5.85 %

POW.PR.G Perpetual-Discount Quote: 22.50 – 24.02
Spot Rate : 1.5200
Average : 0.9006

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-14
Maturity Price : 22.22
Evaluated at bid price : 22.50
Bid-YTW : 6.26 %

GWO.PR.H Insurance Straight Quote: 19.73 – 21.95
Spot Rate : 2.2200
Average : 1.6754

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-14
Maturity Price : 19.73
Evaluated at bid price : 19.73
Bid-YTW : 6.21 %

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