Market Action

October 30, 2025

The TXPR Price Index set a new 52-week high today of 689.37, beyond the old mark of 688.35 set yesterday.

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 6.53 % 6.99 % 19,472 13.48 1 0.0000 % 2,450.8
FixedFloater 0.00 % 0.00 % 0 0.00 0 -0.0255 % 4,585.7
Floater 5.96 % 6.23 % 58,485 13.56 3 -0.0255 % 2,642.7
OpRet 0.00 % 0.00 % 0 0.00 0 0.1019 % 3,686.6
SplitShare 4.74 % 4.48 % 69,161 3.28 5 0.1019 % 4,402.6
Interest-Bearing 0.00 % 0.00 % 0 0.00 0 0.1019 % 3,435.1
Perpetual-Premium 5.47 % -1.73 % 71,335 0.09 7 -0.0338 % 3,103.2
Perpetual-Discount 5.51 % 5.58 % 43,952 14.54 26 0.0034 % 3,423.8
FixedReset Disc 5.88 % 5.88 % 105,750 13.84 30 0.3047 % 3,102.6
Insurance Straight 5.37 % 5.41 % 54,043 14.69 22 0.4169 % 3,388.0
FloatingReset 0.00 % 0.00 % 0 0.00 0 0.3047 % 3,690.9
FixedReset Prem 5.63 % 4.67 % 114,286 2.75 22 0.0141 % 2,634.3
FixedReset Bank Non 0.00 % 0.00 % 0 0.00 0 0.3047 % 3,171.5
FixedReset Ins Non 5.23 % 5.24 % 58,282 14.61 15 0.0523 % 3,062.7
Performance Highlights
Issue Index Change Notes
CU.PR.G Perpetual-Discount -4.99 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-10-30
Maturity Price : 20.00
Evaluated at bid price : 20.00
Bid-YTW : 5.73 %
POW.PR.B Perpetual-Discount -3.01 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-10-30
Maturity Price : 23.54
Evaluated at bid price : 23.81
Bid-YTW : 5.66 %
CU.PR.F Perpetual-Discount -1.89 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-10-30
Maturity Price : 20.81
Evaluated at bid price : 20.81
Bid-YTW : 5.50 %
PWF.PR.F Perpetual-Discount -1.63 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-10-30
Maturity Price : 23.17
Evaluated at bid price : 23.47
Bid-YTW : 5.61 %
ENB.PR.N FixedReset Disc -1.22 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-10-30
Maturity Price : 23.10
Evaluated at bid price : 24.30
Bid-YTW : 5.78 %
POW.PR.D Perpetual-Discount -1.04 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-10-30
Maturity Price : 22.61
Evaluated at bid price : 22.86
Bid-YTW : 5.51 %
PWF.PR.E Perpetual-Discount 1.06 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-10-30
Maturity Price : 24.54
Evaluated at bid price : 24.79
Bid-YTW : 5.57 %
ENB.PF.E FixedReset Disc 1.14 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-10-30
Maturity Price : 21.83
Evaluated at bid price : 22.25
Bid-YTW : 6.08 %
MFC.PR.C Insurance Straight 1.26 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-10-30
Maturity Price : 22.26
Evaluated at bid price : 22.53
Bid-YTW : 5.04 %
PWF.PR.T FixedReset Disc 1.32 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-10-30
Maturity Price : 23.15
Evaluated at bid price : 24.50
Bid-YTW : 5.18 %
GWO.PR.R Insurance Straight 1.50 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-10-30
Maturity Price : 22.12
Evaluated at bid price : 22.40
Bid-YTW : 5.41 %
PWF.PR.R Perpetual-Discount 1.64 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-10-30
Maturity Price : 24.50
Evaluated at bid price : 24.75
Bid-YTW : 5.58 %
GWO.PR.G Insurance Straight 2.55 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-10-30
Maturity Price : 23.85
Evaluated at bid price : 24.10
Bid-YTW : 5.45 %
BN.PR.Z FixedReset Disc 2.73 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-10-30
Maturity Price : 23.49
Evaluated at bid price : 24.86
Bid-YTW : 5.71 %
BN.PR.M Perpetual-Discount 12.21 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-10-30
Maturity Price : 21.32
Evaluated at bid price : 21.32
Bid-YTW : 5.64 %
Volume Highlights
Issue Index Shares
Traded
Notes
SLF.PR.E Insurance Straight 100,100 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-10-30
Maturity Price : 21.89
Evaluated at bid price : 22.13
Bid-YTW : 5.13 %
SLF.PR.G FixedReset Ins Non 82,719 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-10-30
Maturity Price : 18.78
Evaluated at bid price : 18.78
Bid-YTW : 5.53 %
BN.PR.Z FixedReset Disc 60,100 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-10-30
Maturity Price : 23.49
Evaluated at bid price : 24.86
Bid-YTW : 5.71 %
RY.PR.M FixedReset Prem 35,752 YTW SCENARIO
Maturity Type : Call
Maturity Date : 2025-12-24
Maturity Price : 25.00
Evaluated at bid price : 24.95
Bid-YTW : 4.24 %
GWO.PR.S Insurance Straight 27,420 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-10-30
Maturity Price : 23.93
Evaluated at bid price : 24.19
Bid-YTW : 5.48 %
GWO.PR.P Insurance Straight 25,954 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-10-30
Maturity Price : 23.92
Evaluated at bid price : 24.16
Bid-YTW : 5.65 %
There were 7 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
ENB.PF.E FixedReset Disc Quote: 22.25 – 23.60
Spot Rate : 1.3500
Average : 0.9252

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-10-30
Maturity Price : 21.83
Evaluated at bid price : 22.25
Bid-YTW : 6.08 %

CU.PR.G Perpetual-Discount Quote: 20.00 – 21.25
Spot Rate : 1.2500
Average : 0.8422

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-10-30
Maturity Price : 20.00
Evaluated at bid price : 20.00
Bid-YTW : 5.73 %

BN.PF.J FixedReset Prem Quote: 25.20 – 26.20
Spot Rate : 1.0000
Average : 0.6854

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-10-30
Maturity Price : 23.61
Evaluated at bid price : 25.20
Bid-YTW : 5.76 %

POW.PR.B Perpetual-Discount Quote: 23.81 – 24.75
Spot Rate : 0.9400
Average : 0.6461

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-10-30
Maturity Price : 23.54
Evaluated at bid price : 23.81
Bid-YTW : 5.66 %

BN.PF.G FixedReset Disc Quote: 23.50 – 24.24
Spot Rate : 0.7400
Average : 0.5123

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-10-30
Maturity Price : 22.56
Evaluated at bid price : 23.50
Bid-YTW : 5.91 %

GWO.PR.T Insurance Straight Quote: 23.28 – 25.00
Spot Rate : 1.7200
Average : 1.5197

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-10-30
Maturity Price : 23.01
Evaluated at bid price : 23.28
Bid-YTW : 5.59 %

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