Market Action

December 30, 2025

The TXPR price index set a new 52-week high today of 695.87, ahead of the old mark of 695.07 set 2025-12-29.

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 -0.3026 % 2,437.5
FixedFloater 0.00 % 0.00 % 0 0.00 0 -0.3026 % 4,621.9
Floater 5.91 % 6.11 % 57,144 13.78 3 -0.3026 % 2,663.6
OpRet 0.00 % 0.00 % 0 0.00 0 0.2516 % 3,679.4
SplitShare 4.74 % 4.19 % 68,384 1.13 5 0.2516 % 4,394.0
Interest-Bearing 0.00 % 0.00 % 0 0.00 0 0.2516 % 3,428.4
Perpetual-Premium 5.64 % 1.65 % 94,281 0.09 7 0.0281 % 3,114.5
Perpetual-Discount 5.52 % 5.61 % 49,168 14.37 26 0.0656 % 3,426.3
FixedReset Disc 5.77 % 5.98 % 100,409 13.88 31 -0.0701 % 3,161.3
Insurance Straight 5.50 % 5.51 % 58,298 14.64 21 -0.1437 % 3,305.0
FloatingReset 0.00 % 0.00 % 0 0.00 0 -0.0701 % 3,760.7
FixedReset Prem 5.88 % 4.28 % 89,811 2.50 20 0.3225 % 2,667.5
FixedReset Bank Non 0.00 % 0.00 % 0 0.00 0 -0.0701 % 3,231.5
FixedReset Ins Non 5.25 % 5.28 % 74,883 14.30 13 -0.0825 % 3,123.9
Performance Highlights
Issue Index Change Notes
ENB.PR.F FixedReset Disc -4.19 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-12-30
Maturity Price : 21.05
Evaluated at bid price : 21.05
Bid-YTW : 6.57 %
SLF.PR.E Insurance Straight -2.87 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-12-30
Maturity Price : 21.30
Evaluated at bid price : 21.30
Bid-YTW : 5.32 %
CU.PR.J Perpetual-Discount -2.68 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-12-30
Maturity Price : 21.10
Evaluated at bid price : 21.10
Bid-YTW : 5.70 %
POW.PR.D Perpetual-Discount -2.27 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-12-30
Maturity Price : 22.12
Evaluated at bid price : 22.40
Bid-YTW : 5.59 %
ENB.PR.T FixedReset Disc -1.58 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-12-30
Maturity Price : 22.42
Evaluated at bid price : 23.05
Bid-YTW : 6.16 %
GWO.PR.I Insurance Straight -1.15 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-12-30
Maturity Price : 20.55
Evaluated at bid price : 20.55
Bid-YTW : 5.51 %
MFC.PR.C Insurance Straight -1.14 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-12-30
Maturity Price : 21.49
Evaluated at bid price : 21.75
Bid-YTW : 5.20 %
POW.PR.B Perpetual-Discount 1.07 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-12-30
Maturity Price : 24.20
Evaluated at bid price : 24.46
Bid-YTW : 5.48 %
ENB.PR.P FixedReset Disc 1.08 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-12-30
Maturity Price : 22.12
Evaluated at bid price : 22.54
Bid-YTW : 6.20 %
FTS.PR.F Perpetual-Discount 1.13 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-12-30
Maturity Price : 23.82
Evaluated at bid price : 24.07
Bid-YTW : 5.13 %
CU.PR.H Perpetual-Discount 1.42 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-12-30
Maturity Price : 23.95
Evaluated at bid price : 24.20
Bid-YTW : 5.48 %
ENB.PR.B FixedReset Disc 2.23 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-12-30
Maturity Price : 21.29
Evaluated at bid price : 21.57
Bid-YTW : 6.23 %
FFH.PR.K FixedReset Prem 3.78 % YTW SCENARIO
Maturity Type : Call
Maturity Date : 2027-03-31
Maturity Price : 25.00
Evaluated at bid price : 25.51
Bid-YTW : 3.39 %
Volume Highlights
Issue Index Shares
Traded
Notes
GWO.PR.P Insurance Straight 27,210 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-12-30
Maturity Price : 24.09
Evaluated at bid price : 24.35
Bid-YTW : 5.57 %
BN.PF.H FixedReset Prem 20,400 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-12-30
Maturity Price : 23.90
Evaluated at bid price : 24.98
Bid-YTW : 7.13 %
POW.PR.C Perpetual-Premium 14,800 YTW SCENARIO
Maturity Type : Call
Maturity Date : 2026-01-29
Maturity Price : 25.00
Evaluated at bid price : 25.90
Bid-YTW : -36.55 %
POW.PR.I Perpetual-Premium 14,613 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-12-30
Maturity Price : 24.76
Evaluated at bid price : 25.16
Bid-YTW : 5.67 %
POW.PR.A Perpetual-Discount 13,325 YTW SCENARIO
Maturity Type : Call
Maturity Date : 2026-01-29
Maturity Price : 25.00
Evaluated at bid price : 25.20
Bid-YTW : -6.97 %
There were 0 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
IFC.PR.F Insurance Straight Quote: 21.90 – 24.89
Spot Rate : 2.9900
Average : 2.3907

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-12-30
Maturity Price : 21.61
Evaluated at bid price : 21.90
Bid-YTW : 6.08 %

GWO.PR.T Insurance Straight Quote: 23.24 – 25.00
Spot Rate : 1.7600
Average : 1.2701

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-12-30
Maturity Price : 22.99
Evaluated at bid price : 23.24
Bid-YTW : 5.56 %

CU.PR.J Perpetual-Discount Quote: 21.10 – 22.85
Spot Rate : 1.7500
Average : 1.3010

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-12-30
Maturity Price : 21.10
Evaluated at bid price : 21.10
Bid-YTW : 5.70 %

PWF.PR.G Perpetual-Premium Quote: 25.65 – 26.65
Spot Rate : 1.0000
Average : 0.5689

YTW SCENARIO
Maturity Type : Call
Maturity Date : 2026-01-29
Maturity Price : 25.00
Evaluated at bid price : 25.65
Bid-YTW : -13.22 %

ENB.PR.F FixedReset Disc Quote: 21.05 – 22.25
Spot Rate : 1.2000
Average : 0.7764

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-12-30
Maturity Price : 21.05
Evaluated at bid price : 21.05
Bid-YTW : 6.57 %

MFC.PR.F FixedReset Ins Non Quote: 17.52 – 19.22
Spot Rate : 1.7000
Average : 1.3332

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-12-30
Maturity Price : 17.52
Evaluated at bid price : 17.52
Bid-YTW : 6.15 %

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