Another new 52-week high for the TXPR price index today, with today’s close of 667.21 eclipsing the 2025-7-4 mark of 665.49.
I tried to look up when the value was 1,000, but all I could find was the S&P Methodology document stating that on 07/19/2002 the price index value was 975.14. So if the market goes up 50% (in price), we’ll be back where we started!
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 | -0.3172 % | 2,317.3 |
FixedFloater | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.3172 % | 4,511.0 |
Floater | 6.89 % | 6.92 % | 54,462 | 12.66 | 2 | -0.3172 % | 2,599.7 |
OpRet | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.2709 % | 3,669.7 |
SplitShare | 4.77 % | 4.09 % | 60,511 | 2.48 | 7 | 0.2709 % | 4,382.4 |
Interest-Bearing | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.2709 % | 3,419.3 |
Perpetual-Premium | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.3310 % | 2,994.2 |
Perpetual-Discount | 5.75 % | 5.90 % | 44,255 | 14.06 | 32 | 0.3310 % | 3,265.0 |
FixedReset Disc | 5.68 % | 6.22 % | 114,621 | 13.20 | 40 | -0.1293 % | 2,960.9 |
Insurance Straight | 5.71 % | 5.78 % | 48,348 | 14.26 | 19 | -0.0314 % | 3,170.0 |
FloatingReset | 5.55 % | 5.37 % | 42,705 | 14.86 | 2 | 0.1196 % | 3,667.4 |
FixedReset Prem | 5.73 % | 5.08 % | 121,183 | 2.63 | 16 | 0.0000 % | 2,626.5 |
FixedReset Bank Non | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.1293 % | 3,026.7 |
FixedReset Ins Non | 5.25 % | 5.57 % | 64,186 | 14.25 | 14 | 0.1637 % | 3,044.6 |
Performance Highlights | |||
Issue | Index | Change | Notes |
BN.PR.R | FixedReset Disc | -7.66 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-07-08 Maturity Price : 17.84 Evaluated at bid price : 17.84 Bid-YTW : 7.23 % |
FFH.PR.G | FixedReset Disc | -2.24 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-07-08 Maturity Price : 23.01 Evaluated at bid price : 24.00 Bid-YTW : 5.70 % |
IFC.PR.A | FixedReset Ins Non | -1.69 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-07-08 Maturity Price : 21.91 Evaluated at bid price : 22.15 Bid-YTW : 5.34 % |
GWO.PR.R | Insurance Straight | -1.63 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-07-08 Maturity Price : 20.53 Evaluated at bid price : 20.53 Bid-YTW : 5.90 % |
IFC.PR.E | Insurance Straight | -1.27 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-07-08 Maturity Price : 23.11 Evaluated at bid price : 23.40 Bid-YTW : 5.59 % |
SLF.PR.E | Insurance Straight | -1.08 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-07-08 Maturity Price : 20.10 Evaluated at bid price : 20.10 Bid-YTW : 5.64 % |
SLF.PR.G | FixedReset Ins Non | 1.04 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-07-08 Maturity Price : 18.50 Evaluated at bid price : 18.50 Bid-YTW : 5.90 % |
PVS.PR.L | SplitShare | 1.10 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2030-06-30 Maturity Price : 25.00 Evaluated at bid price : 25.85 Bid-YTW : 4.86 % |
MFC.PR.Q | FixedReset Ins Non | 1.12 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-07-08 Maturity Price : 23.49 Evaluated at bid price : 25.29 Bid-YTW : 5.49 % |
CU.PR.D | Perpetual-Discount | 1.19 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-07-08 Maturity Price : 21.25 Evaluated at bid price : 21.25 Bid-YTW : 5.85 % |
FTS.PR.K | FixedReset Disc | 1.23 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-07-08 Maturity Price : 21.87 Evaluated at bid price : 22.22 Bid-YTW : 5.82 % |
SLF.PR.D | Insurance Straight | 1.25 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-07-08 Maturity Price : 20.25 Evaluated at bid price : 20.25 Bid-YTW : 5.54 % |
BN.PF.E | FixedReset Disc | 1.32 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-07-08 Maturity Price : 20.67 Evaluated at bid price : 20.67 Bid-YTW : 6.61 % |
PWF.PR.K | Perpetual-Discount | 2.88 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-07-08 Maturity Price : 21.40 Evaluated at bid price : 21.40 Bid-YTW : 5.90 % |
MFC.PR.F | FixedReset Ins Non | 3.42 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-07-08 Maturity Price : 18.15 Evaluated at bid price : 18.15 Bid-YTW : 5.89 % |
BN.PR.N | Perpetual-Discount | 6.67 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-07-08 Maturity Price : 19.84 Evaluated at bid price : 19.84 Bid-YTW : 6.04 % |
Volume Highlights | |||
Issue | Index | Shares Traded |
Notes |
CM.PR.Q | FixedReset Disc | 113,900 | YTW SCENARIO Maturity Type : Call Maturity Date : 2025-08-30 Maturity Price : 25.00 Evaluated at bid price : 24.95 Bid-YTW : 5.01 % |
ENB.PF.K | FixedReset Disc | 88,100 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-07-08 Maturity Price : 23.14 Evaluated at bid price : 24.23 Bid-YTW : 6.39 % |
BN.PF.G | FixedReset Disc | 53,049 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-07-08 Maturity Price : 21.79 Evaluated at bid price : 22.22 Bid-YTW : 6.52 % |
TD.PF.D | FixedReset Prem | 51,171 | YTW SCENARIO Maturity Type : Call Maturity Date : 2025-08-30 Maturity Price : 25.00 Evaluated at bid price : 25.14 Bid-YTW : 4.95 % |
BN.PR.T | FixedReset Disc | 39,656 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-07-08 Maturity Price : 19.40 Evaluated at bid price : 19.40 Bid-YTW : 6.63 % |
RY.PR.N | Perpetual-Discount | 32,960 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-07-08 Maturity Price : 24.67 Evaluated at bid price : 24.93 Bid-YTW : 4.97 % |
There were 11 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.P | FixedReset Disc | Quote: 17.89 – 24.68 Spot Rate : 6.7900 Average : 3.6300 YTW SCENARIO |
ENB.PR.B | FixedReset Disc | Quote: 19.33 – 24.00 Spot Rate : 4.6700 Average : 2.5981 YTW SCENARIO |
BN.PF.F | FixedReset Disc | Quote: 22.60 – 24.85 Spot Rate : 2.2500 Average : 1.2280 YTW SCENARIO |
IFC.PR.I | Insurance Straight | Quote: 23.70 – 24.99 Spot Rate : 1.2900 Average : 0.8373 YTW SCENARIO |
PWF.PR.E | Perpetual-Discount | Quote: 23.60 – 24.63 Spot Rate : 1.0300 Average : 0.6192 YTW SCENARIO |
BN.PR.R | FixedReset Disc | Quote: 17.84 – 19.80 Spot Rate : 1.9600 Average : 1.6248 YTW SCENARIO |