Market Action

March 2, 2026

The TXPR price index set a new 52-week high today of 699.05, eclipsing the old mark of 698.89 set on 2026-2-27 (which I didn’t report).

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 0.0992 % 2,488.1
FixedFloater 0.00 % 0.00 % 0 0.00 0 0.0992 % 4,717.8
Floater 5.79 % 6.08 % 61,922 13.71 3 0.0992 % 2,718.9
OpRet 0.00 % 0.00 % 0 0.00 0 0.1580 % 3,658.1
SplitShare 4.77 % 4.17 % 75,894 3.01 5 0.1580 % 4,368.5
Interest-Bearing 0.00 % 0.00 % 0 0.00 0 0.1580 % 3,408.5
Perpetual-Premium 5.68 % 5.59 % 89,132 14.12 7 -0.0113 % 3,080.8
Perpetual-Discount 5.61 % 5.70 % 46,783 14.31 28 -0.7869 % 3,373.3
FixedReset Disc 5.87 % 5.74 % 125,597 13.94 27 0.3231 % 3,206.3
Insurance Straight 5.44 % 5.55 % 63,229 14.47 22 -0.1335 % 3,344.3
FloatingReset 0.00 % 0.00 % 0 0.00 0 0.3231 % 3,814.2
FixedReset Prem 5.95 % 4.41 % 88,877 2.47 21 -0.1293 % 2,666.5
FixedReset Bank Non 0.00 % 0.00 % 0 0.00 0 0.3231 % 3,277.5
FixedReset Ins Non 5.28 % 5.31 % 95,328 14.72 14 -0.2631 % 3,131.2
Performance Highlights
Issue Index Change Notes
CU.PR.G Perpetual-Discount -20.73 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-03-02
Maturity Price : 16.25
Evaluated at bid price : 16.25
Bid-YTW : 6.98 %
IFC.PR.A FixedReset Ins Non -3.57 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-03-02
Maturity Price : 21.36
Evaluated at bid price : 21.36
Bid-YTW : 5.41 %
NA.PR.I FixedReset Prem -1.70 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-03-02
Maturity Price : 23.66
Evaluated at bid price : 26.00
Bid-YTW : 5.51 %
MFC.PR.J FixedReset Ins Non -1.51 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-03-02
Maturity Price : 23.51
Evaluated at bid price : 24.82
Bid-YTW : 5.48 %
PWF.PR.Z Perpetual-Discount -1.44 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-03-02
Maturity Price : 22.24
Evaluated at bid price : 22.52
Bid-YTW : 5.78 %
PWF.PR.R Perpetual-Discount -1.27 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-03-02
Maturity Price : 23.74
Evaluated at bid price : 24.05
Bid-YTW : 5.78 %
FTS.PR.F Perpetual-Discount -1.07 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-03-02
Maturity Price : 22.77
Evaluated at bid price : 23.05
Bid-YTW : 5.33 %
MFC.PR.B Insurance Straight -1.03 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-03-02
Maturity Price : 21.78
Evaluated at bid price : 22.02
Bid-YTW : 5.28 %
GWO.PR.G Insurance Straight 1.05 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-03-02
Maturity Price : 23.69
Evaluated at bid price : 24.00
Bid-YTW : 5.50 %
SLF.PR.G FixedReset Ins Non 1.07 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-03-02
Maturity Price : 19.76
Evaluated at bid price : 19.76
Bid-YTW : 5.32 %
IFC.PR.G FixedReset Ins Non 1.11 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-03-02
Maturity Price : 23.69
Evaluated at bid price : 25.55
Bid-YTW : 5.31 %
BN.PF.E FixedReset Disc 1.11 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-03-02
Maturity Price : 22.66
Evaluated at bid price : 23.61
Bid-YTW : 5.66 %
NA.PR.C FixedReset Prem 1.33 % YTW SCENARIO
Maturity Type : Call
Maturity Date : 2027-11-15
Maturity Price : 25.00
Evaluated at bid price : 26.66
Bid-YTW : 3.21 %
ENB.PF.G FixedReset Disc 1.44 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-03-02
Maturity Price : 22.43
Evaluated at bid price : 23.22
Bid-YTW : 5.93 %
FTS.PR.H FixedReset Disc 2.08 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-03-02
Maturity Price : 19.65
Evaluated at bid price : 19.65
Bid-YTW : 5.40 %
BN.PF.D Perpetual-Discount 2.43 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-03-02
Maturity Price : 21.25
Evaluated at bid price : 21.52
Bid-YTW : 5.79 %
Volume Highlights
Issue Index Shares
Traded
Notes
CU.PR.C FixedReset Disc 59,800 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-03-02
Maturity Price : 24.53
Evaluated at bid price : 24.85
Bid-YTW : 5.23 %
IFC.PR.C FixedReset Ins Non 46,400 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-03-02
Maturity Price : 23.89
Evaluated at bid price : 24.53
Bid-YTW : 5.51 %
FTS.PR.H FixedReset Disc 41,300 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-03-02
Maturity Price : 19.65
Evaluated at bid price : 19.65
Bid-YTW : 5.40 %
FTS.PR.M FixedReset Disc 29,200 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-03-02
Maturity Price : 23.19
Evaluated at bid price : 24.76
Bid-YTW : 5.31 %
IFC.PR.F Insurance Straight 27,000 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-03-02
Maturity Price : 23.56
Evaluated at bid price : 23.81
Bid-YTW : 5.66 %
GWO.PR.N FixedReset Ins Non 25,900 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-03-02
Maturity Price : 18.53
Evaluated at bid price : 18.53
Bid-YTW : 5.61 %
There were 10 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.G Perpetual-Discount Quote: 16.25 – 20.54
Spot Rate : 4.2900
Average : 2.2993

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-03-02
Maturity Price : 16.25
Evaluated at bid price : 16.25
Bid-YTW : 6.98 %

MFC.PR.J FixedReset Ins Non Quote: 24.82 – 26.15
Spot Rate : 1.3300
Average : 0.9619

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-03-02
Maturity Price : 23.51
Evaluated at bid price : 24.82
Bid-YTW : 5.48 %

IFC.PR.A FixedReset Ins Non Quote: 21.36 – 22.19
Spot Rate : 0.8300
Average : 0.4823

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-03-02
Maturity Price : 21.36
Evaluated at bid price : 21.36
Bid-YTW : 5.41 %

GWO.PR.S Insurance Straight Quote: 23.76 – 24.75
Spot Rate : 0.9900
Average : 0.7430

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-03-02
Maturity Price : 23.49
Evaluated at bid price : 23.76
Bid-YTW : 5.61 %

GWO.PR.L Insurance Straight Quote: 25.09 – 25.58
Spot Rate : 0.4900
Average : 0.2934

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-03-02
Maturity Price : 24.87
Evaluated at bid price : 25.09
Bid-YTW : 5.73 %

MFC.PR.I FixedReset Ins Non Quote: 25.40 – 26.40
Spot Rate : 1.0000
Average : 0.8283

YTW SCENARIO
Maturity Type : Call
Maturity Date : 2027-09-19
Maturity Price : 25.00
Evaluated at bid price : 25.40
Bid-YTW : 4.73 %

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