| HIMIPref™ Preferred Indices These values reflect the December 2008 revision of the HIMIPref™ Indices Values are provisional and are finalized monthly |
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| 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 | 0.7302 % | 2,288.8 |
| FixedFloater | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.7302 % | 4,455.4 |
| Floater | 6.98 % | 7.02 % | 62,068 | 12.57 | 2 | 0.7302 % | 2,567.7 |
| OpRet | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.1587 % | 3,650.2 |
| SplitShare | 4.79 % | 4.34 % | 67,219 | 2.52 | 8 | 0.1587 % | 4,359.1 |
| Interest-Bearing | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.1587 % | 3,401.1 |
| Perpetual-Premium | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.0799 % | 2,943.6 |
| Perpetual-Discount | 5.84 % | 5.96 % | 42,021 | 13.91 | 33 | -0.0799 % | 3,209.8 |
| FixedReset Disc | 5.61 % | 6.13 % | 112,625 | 13.13 | 46 | 0.5218 % | 2,899.7 |
| Insurance Straight | 5.80 % | 5.86 % | 50,833 | 14.15 | 20 | 0.1467 % | 3,124.0 |
| FloatingReset | 5.69 % | 5.74 % | 38,773 | 14.30 | 3 | -0.5482 % | 3,620.7 |
| FixedReset Prem | 6.08 % | 5.34 % | 115,713 | 3.33 | 12 | 0.0678 % | 2,609.6 |
| FixedReset Bank Non | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.5218 % | 2,964.1 |
| FixedReset Ins Non | 5.16 % | 5.68 % | 65,849 | 14.24 | 14 | 0.5115 % | 2,989.5 |
| Performance Highlights | |||
| Issue | Index | Change | Notes |
| SLF.PR.J | FloatingReset | -2.41 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-06-23 Maturity Price : 17.00 Evaluated at bid price : 17.00 Bid-YTW : 6.05 % |
| PWF.PR.P | FixedReset Disc | -2.33 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-06-23 Maturity Price : 16.80 Evaluated at bid price : 16.80 Bid-YTW : 6.50 % |
| GWO.PR.R | Insurance Straight | -2.00 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-06-23 Maturity Price : 20.10 Evaluated at bid price : 20.10 Bid-YTW : 6.01 % |
| CU.PR.G | Perpetual-Discount | 1.05 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-06-23 Maturity Price : 19.32 Evaluated at bid price : 19.32 Bid-YTW : 5.89 % |
| GWO.PR.N | FixedReset Ins Non | 1.21 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-06-23 Maturity Price : 16.76 Evaluated at bid price : 16.76 Bid-YTW : 6.06 % |
| BN.PR.B | Floater | 1.22 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-06-23 Maturity Price : 12.40 Evaluated at bid price : 12.40 Bid-YTW : 7.04 % |
| BN.PR.T | FixedReset Disc | 1.25 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-06-23 Maturity Price : 18.65 Evaluated at bid price : 18.65 Bid-YTW : 6.70 % |
| ENB.PR.P | FixedReset Disc | 1.73 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-06-23 Maturity Price : 20.55 Evaluated at bid price : 20.55 Bid-YTW : 6.74 % |
| BN.PR.Z | FixedReset Disc | 2.03 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-06-23 Maturity Price : 22.27 Evaluated at bid price : 22.65 Bid-YTW : 6.46 % |
| PWF.PR.T | FixedReset Disc | 2.92 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-06-23 Maturity Price : 22.71 Evaluated at bid price : 23.62 Bid-YTW : 5.64 % |
| MFC.PR.K | FixedReset Ins Non | 3.35 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-06-23 Maturity Price : 23.23 Evaluated at bid price : 24.70 Bid-YTW : 5.32 % |
| IFC.PR.F | Insurance Straight | 4.07 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-06-23 Maturity Price : 21.75 Evaluated at bid price : 21.75 Bid-YTW : 6.13 % |
| CU.PR.C | FixedReset Disc | 11.84 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-06-23 Maturity Price : 21.73 Evaluated at bid price : 22.20 Bid-YTW : 5.92 % |
| Volume Highlights | |||
| Issue | Index | Shares Traded |
Notes |
| BIP.PR.A | FixedReset Disc | 54,000 | YTW SCENARIO Maturity Type : Call Maturity Date : 2025-07-30 Maturity Price : 25.00 Evaluated at bid price : 24.98 Bid-YTW : 6.04 % |
| ENB.PF.K | FixedReset Disc | 27,300 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-06-23 Maturity Price : 23.09 Evaluated at bid price : 24.15 Bid-YTW : 6.27 % |
| PWF.PR.R | Perpetual-Discount | 26,700 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-06-23 Maturity Price : 23.00 Evaluated at bid price : 23.27 Bid-YTW : 6.00 % |
| ENB.PF.G | FixedReset Disc | 26,400 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-06-23 Maturity Price : 20.25 Evaluated at bid price : 20.25 Bid-YTW : 6.82 % |
| BN.PR.K | Floater | 21,800 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-06-23 Maturity Price : 12.43 Evaluated at bid price : 12.43 Bid-YTW : 7.02 % |
| ENB.PF.E | FixedReset Disc | 16,400 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-06-23 Maturity Price : 20.11 Evaluated at bid price : 20.11 Bid-YTW : 6.87 % |
| There were 4 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.R | Perpetual-Discount | Quote: 23.27 – 24.45 Spot Rate : 1.1800 Average : 0.6753 YTW SCENARIO |
| GWO.PR.R | Insurance Straight | Quote: 20.10 – 21.10 Spot Rate : 1.0000 Average : 0.6045 YTW SCENARIO |
| PWF.PR.E | Perpetual-Discount | Quote: 23.50 – 24.70 Spot Rate : 1.2000 Average : 0.9064 YTW SCENARIO |
| SLF.PR.E | Insurance Straight | Quote: 20.08 – 21.00 Spot Rate : 0.9200 Average : 0.6816 YTW SCENARIO |
| SLF.PR.J | FloatingReset | Quote: 17.00 – 17.79 Spot Rate : 0.7900 Average : 0.5729 YTW SCENARIO |
| MFC.PR.B | Insurance Straight | Quote: 20.37 – 21.10 Spot Rate : 0.7300 Average : 0.5557 YTW SCENARIO |
It will come as no surprise that TD (flush with cash/capital) will redeem TD.PF.D
https://td.mediaroom.com/2025-06-23-TD-Bank-Announces-Redemption-of-Non-Cumulative-5-Year-Rate-Reset-Class-A-First-Preferred-Shares,-Series-7-NVCC