Market Action

February 17, 2026

Sorry this is late!

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 -0.1483 % 2,490.5
FixedFloater 0.00 % 0.00 % 0 0.00 0 -0.1483 % 4,722.5
Floater 5.78 % 6.03 % 55,982 13.81 3 -0.1483 % 2,721.6
OpRet 0.00 % 0.00 % 0 0.00 0 0.0314 % 3,676.0
SplitShare 4.75 % 4.53 % 79,763 3.01 5 0.0314 % 4,389.9
Interest-Bearing 0.00 % 0.00 % 0 0.00 0 0.0314 % 3,425.2
Perp
etual-Premium
5.68 % 5.60 % 508,586 14.13 7 0.1194 % 3,073.3
Perpetual-Discount 5.59 % 5.65 % 48,430 14.38 27 -0.2911 % 3,386.6
FixedReset Disc 5.95 % 5.82 % 115,734 13.92< /td>

28 -0.6336 % 3,167.2
Insurance Straight 5.43 % 5.55 % 64,070 14.51 22 0.3766 % 3,347.4
FloatingReset 0.00 % 0.00 % 0 0.00 0 -0.6336 % 3,767.7
FixedReset Prem 5.95 % 4.36 % 84,715 2.37 20 0.3206 % 2,663.6
FixedReset Bank Non 0.00 % 0.00 % 0 0.00 0 -0.6336 % 3,237.5
FixedReset Ins Non 5.26 % 5.34 % 77,029 14.64 14 0.5070 % 3,141.2
Performance Highlights
Issue Index Change Notes
CU.PR.F Perpetual-Discount -8.77 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-02-17
Maturity Price : 18.93
Evaluated at bid price : 18.93
Bid-YTW : 5.97 %
BN.PR.R FixedReset Disc -2.29 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-02-17
Maturity Price : 21.30
Evaluated at bid price : 21.30
Bid-YTW : 5.99 %
GWO.PR.H Insurance Straight -1.31 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-02-17
Maturity Price : 21.57
Evaluated at bid price : 21.83
Bid-YTW : 5.63 %
ENB.PF.K FixedReset Prem 1.09 % YTW SCENARIO
Maturity Type : Call
Maturity Date : 2028-03-01
Maturity Price : 25.00
Evaluated at bid price : 25.50
Bid-YTW : 5.09 %
RY.PR.S FixedReset Prem 1.15 % YTW SCENARIO
Maturity Type : Call
Maturity Date : 2029-02-24
Maturity Price : 25.00
Evaluated at bid price : 26.50
Bid-YTW : 3.75 %
MFC.PR.K FixedReset Ins Non 1.39 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-02-17
Maturity Price : 23.62
Evaluated at bid price : 25.50
Bid-YTW : 5.10 %
POW.PR.G Perpetual-Discount 1.39 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-02-17
Maturity Price : 24.50
Evaluated at bid price : 24.75
Bid-YTW : 5.72 %
PWF.PR.S Perpetual-Discount 1.67 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-02-17
Maturity Price : 21.61
Evaluated at bid price : 21.86
Bid-YTW : 5.53 %
CCS.PR.C Insurance Straight 1.93 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-02-17
Maturity Price : 22.93
Evaluated at bid price : 23.20
Bid-YTW : 5.46 %
MFC.PR.B Insurance Straight 2.73 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-02-17
Maturity Price : 22.33
Evaluated at bid price : 22.60
Bid-YTW : 5.22 %
NA.PR.I FixedReset Prem 2.91 % YTW SCENARIO
Maturity Type : Call
Maturity Date : 2029-05-01
Maturity Price : 25.00
Evaluated at bid price : 26.20
Bid-YTW : 5.24 %
IFC.PR.C FixedReset Ins Non 3.58 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-02-17
Maturity Price : 24.00
Evaluated at bid price : 24.60
Bid-YTW : 5.48 %
Volume Highlights
Issue Index Shares
Traded
Notes
MFC.PR.B Insurance Straight 305,655 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-02-17
Maturity Price : 22.33
Evaluated at bid price : 22.60
Bid-YTW : 5.22 %
GWO.PR.H Insurance Straight 102,023 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-02-17
Maturity Price : 21.57
Evaluated at bid price : 21.83
Bid-YTW : 5.63 %
ENB.PR.B FixedReset Disc 95,567 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-02-17
Maturity Price : 21.25
Evaluated at bid price : 21.25
Bid-YTW : 6.13 %
CU.PR.J Perpetual-Discount 82,689 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-02-17
Maturity Price : 21.52
Evaluated at bid price : 21.52
Bid-YTW : 5.54 %
SLF.PR.D Insurance Straight 56,000 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-02-17
Maturity Price : 21.25
Evaluated at bid price : 21.52
Bid-YTW : 5.23 %
SLF.PR.G FixedReset Ins Non 50,400 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-02-17
Maturity Price : 19.78
Evaluated at bid price : 19.78
Bid-YTW : 5.39 %
There were 15 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: 18.93 – 21.00
Spot Rate : 2.0700
Average : 1.2770


YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-02-17
Maturity Price : 18.93
Evaluated at bid price : 18.93
Bid-YTW : 5.97 %
BN.PR.R FixedReset Disc Quote: 21.30 – 22.09
Spot Rate : 0.7900
Average : 0.6228


YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-02-17
Maturity Price : 21.30
Evaluated at bid price : 21.30
Bid-YTW : 5.99 %
SLF.PR.E Insurance Straight Quote: 21.70 – 22.25
Spot Rate : 0.5500
Average : 0.3850


YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-02-17
Maturity Price : 21.44
Evaluated at bid price : 21.70
Bid-YTW : 5.25 %
POW.PR.B Perpetual-Discount Quote: 23.91 – 24.49
Spot Rate : 0.5800
Average : 0.4283


YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-02-17
Maturity Price : 23.64
Evaluated at bid price : 23.91
Bid-YTW : 5.65 %
GWO.PR.H Insurance Straight Quote: 21.83 – 22.25
Spot Rate : 0.4200
Average : 0.2723


YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-02-17
Maturity Price : 21.57
Evaluated at bid price : 21.83
Bid-YTW : 5.63 %
BN.PR.T FixedReset Disc Quote: 21.53 – 21.99
Spot Rate : 0.4600
Average : 0.3177


YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-02-17
Maturity Price : 21.53
Evaluated at bid price : 21.53
Bid-YTW : 5.89 %

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