Market Action

April 17, 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 0.4011 % 2,078.3
FixedFloater 0.00 % 0.00 % 0 0.00 0 0.4011 % 4,045.7
Floater 7.42 % 7.99 % 65,609 11.40 3 0.4011 % 2,331.6
OpRet 0.00 % 0.00 % 0 0.00 0 0.0044 % 3,611.3
SplitShare 4.83 % 5.20 % 70,935 1.77 9 0.0044 % 4,312.6
Interest-Bearing 0.00 % 0.00 % 0 0.00 0 0.0044 % 3,364.9
Perpetual-Premium 0.00 % 0.00 % 0 0.00 0 -0.1368 % 2,846.7
Perpetual-Discount 6.04 % 6.15 % 60,587 13.72 33 -0.1368 % 3,104.2
FixedReset Disc 5.84 % 7.03 % 135,866 12.48 49 -0.5070 % 2,689.1
Insurance Straight 5.95 % 6.05 % 74,435 13.84 21 0.0204 % 3,044.3
FloatingReset 5.95 % 5.88 % 42,112 14.05 3 -0.1601 % 3,456.6
FixedReset Prem 6.44 % 5.81 % 143,028 13.78 10 -0.1929 % 2,543.1
FixedReset Bank Non 0.00 % 0.00 % 0 0.00 0 -0.5070 % 2,748.8
FixedReset Ins Non 5.86 % 6.41 % 76,975 13.16 12 -0.9089 % 2,685.4
Performance Highlights
Issue Index Change Notes
ENB.PF.G FixedReset Disc -8.61 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-17
Maturity Price : 16.25
Evaluated at bid price : 16.25
Bid-YTW : 8.58 %
IFC.PR.C FixedReset Ins Non -6.00 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-17
Maturity Price : 18.80
Evaluated at bid price : 18.80
Bid-YTW : 7.15 %
MFC.PR.Q FixedReset Ins Non -4.35 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-17
Maturity Price : 21.74
Evaluated at bid price : 22.00
Bid-YTW : 6.38 %
PWF.PR.E Perpetual-Discount -3.25 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-17
Maturity Price : 21.76
Evaluated at bid price : 22.01
Bid-YTW : 6.27 %
GWO.PR.G Insurance Straight -3.23 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-17
Maturity Price : 21.00
Evaluated at bid price : 21.00
Bid-YTW : 6.26 %
BN.PF.G FixedReset Disc -2.69 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-17
Maturity Price : 18.47
Evaluated at bid price : 18.47
Bid-YTW : 7.79 %
ENB.PR.J FixedReset Disc -2.68 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-17
Maturity Price : 18.50
Evaluated at bid price : 18.50
Bid-YTW : 7.74 %
BN.PF.C Perpetual-Discount -2.37 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-17
Maturity Price : 18.55
Evaluated at bid price : 18.55
Bid-YTW : 6.61 %
BN.PF.J FixedReset Disc -2.36 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-17
Maturity Price : 22.31
Evaluated at bid price : 22.75
Bid-YTW : 6.69 %
FTS.PR.F Perpetual-Discount -2.34 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-17
Maturity Price : 20.85
Evaluated at bid price : 20.85
Bid-YTW : 5.97 %
GWO.PR.S Insurance Straight -2.26 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-17
Maturity Price : 21.33
Evaluated at bid price : 21.60
Bid-YTW : 6.13 %
PWF.PR.F Perpetual-Discount -2.22 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-17
Maturity Price : 21.12
Evaluated at bid price : 21.12
Bid-YTW : 6.25 %
FFH.PR.K FixedReset Disc -2.06 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-17
Maturity Price : 23.41
Evaluated at bid price : 23.75
Bid-YTW : 6.59 %
POW.PR.B Perpetual-Discount -1.90 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-17
Maturity Price : 21.47
Evaluated at bid price : 21.73
Bid-YTW : 6.19 %
SLF.PR.G FixedReset Ins Non -1.87 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-17
Maturity Price : 15.75
Evaluated at bid price : 15.75
Bid-YTW : 6.83 %
POW.PR.G Perpetual-Discount -1.53 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-17
Maturity Price : 22.33
Evaluated at bid price : 22.60
Bid-YTW : 6.23 %
CU.PR.H Perpetual-Discount -1.33 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-17
Maturity Price : 22.07
Evaluated at bid price : 22.30
Bid-YTW : 5.97 %
NA.PR.G FixedReset Prem -1.29 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-17
Maturity Price : 23.40
Evaluated at bid price : 25.32
Bid-YTW : 5.81 %
FFH.PR.J FloatingReset -1.05 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-17
Maturity Price : 23.33
Evaluated at bid price : 23.65
Bid-YTW : 5.88 %
BN.PF.E FixedReset Disc -1.03 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-17
Maturity Price : 18.26
Evaluated at bid price : 18.26
Bid-YTW : 7.42 %
MFC.PR.B Insurance Straight -1.00 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-17
Maturity Price : 19.75
Evaluated at bid price : 19.75
Bid-YTW : 5.96 %
BN.PF.D Perpetual-Discount 1.05 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-17
Maturity Price : 19.30
Evaluated at bid price : 19.30
Bid-YTW : 6.42 %
GWO.PR.H Insurance Straight 1.12 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-17
Maturity Price : 19.95
Evaluated at bid price : 19.95
Bid-YTW : 6.14 %
SLF.PR.C Insurance Straight 1.28 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-17
Maturity Price : 19.80
Evaluated at bid price : 19.80
Bid-YTW : 5.68 %
ENB.PF.K FixedReset Disc 1.38 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-17
Maturity Price : 22.33
Evaluated at bid price : 22.81
Bid-YTW : 6.78 %
SLF.PR.D Insurance Straight 1.55 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-17
Maturity Price : 19.65
Evaluated at bid price : 19.65
Bid-YTW : 5.72 %
BN.PR.M Perpetual-Discount 1.64 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-17
Maturity Price : 18.55
Evaluated at bid price : 18.55
Bid-YTW : 6.47 %
IFC.PR.A FixedReset Ins Non 1.66 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-17
Maturity Price : 18.36
Evaluated at bid price : 18.36
Bid-YTW : 6.41 %
ENB.PR.B FixedReset Disc 2.03 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-17
Maturity Price : 17.09
Evaluated at bid price : 17.09
Bid-YTW : 7.88 %
FTS.PR.J Perpetual-Discount 3.25 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-17
Maturity Price : 20.03
Evaluated at bid price : 20.03
Bid-YTW : 6.03 %
CU.PR.F Perpetual-Discount 3.28 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-17
Maturity Price : 18.90
Evaluated at bid price : 18.90
Bid-YTW : 6.05 %
PWF.PR.K Perpetual-Discount 3.57 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-17
Maturity Price : 20.30
Evaluated at bid price : 20.30
Bid-YTW : 6.13 %
SLF.PR.E Insurance Straight 3.81 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-17
Maturity Price : 19.90
Evaluated at bid price : 19.90
Bid-YTW : 5.71 %
Volume Highlights
Issue Index Shares
Traded
Notes
RY.PR.J FixedReset Disc 1,034,674 YTW SCENARIO
Maturity Type : Call
Maturity Date : 2025-05-24
Maturity Price : 25.00
Evaluated at bid price : 25.11
Bid-YTW : 3.56 %
CU.PR.J Perpetual-Discount 237,121 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-17
Maturity Price : 20.30
Evaluated at bid price : 20.30
Bid-YTW : 5.95 %
IFC.PR.E Insurance Straight 177,227 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-17
Maturity Price : 21.96
Evaluated at bid price : 22.35
Bid-YTW : 5.86 %
IFC.PR.I Insurance Straight 176,061 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-17
Maturity Price : 22.47
Evaluated at bid price : 22.83
Bid-YTW : 5.96 %
CU.PR.H Perpetual-Discount 147,266 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-17
Maturity Price : 22.07
Evaluated at bid price : 22.30
Bid-YTW : 5.97 %
TD.PF.A FixedReset Disc 108,382 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-17
Maturity Price : 22.58
Evaluated at bid price : 23.51
Bid-YTW : 5.38 %
There were 23 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
CU.PR.F Perpetual-Discount Quote: 18.90 – 23.88
Spot Rate : 4.9800
Average : 3.0792

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-17
Maturity Price : 18.90
Evaluated at bid price : 18.90
Bid-YTW : 6.05 %

ENB.PF.G FixedReset Disc Quote: 16.25 – 17.91
Spot Rate : 1.6600
Average : 1.1933

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-17
Maturity Price : 16.25
Evaluated at bid price : 16.25
Bid-YTW : 8.58 %

GWO.PR.Y Insurance Straight Quote: 18.86 – 21.00
Spot Rate : 2.1400
Average : 1.6809

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-17
Maturity Price : 18.86
Evaluated at bid price : 18.86
Bid-YTW : 6.03 %

FTS.PR.F Perpetual-Discount Quote: 20.85 – 21.98
Spot Rate : 1.1300
Average : 0.7394

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-17
Maturity Price : 20.85
Evaluated at bid price : 20.85
Bid-YTW : 5.97 %

IFC.PR.C FixedReset Ins Non Quote: 18.80 – 20.44
Spot Rate : 1.6400
Average : 1.3256

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-17
Maturity Price : 18.80
Evaluated at bid price : 18.80
Bid-YTW : 7.15 %

ENB.PR.J FixedReset Disc Quote: 18.50 – 19.30
Spot Rate : 0.8000
Average : 0.5184

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-17
Maturity Price : 18.50
Evaluated at bid price : 18.50
Bid-YTW : 7.74 %

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