Market Action

March 9, 2026

This will be delayed a bit. Sorry!

Update, 2026-3-10:

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 -0.0497 % 2,480.7
FixedFloater 0.00 % 0.00 % 0 0.00 0 -0.0497 % 4,703.8
Floater 5.81 % 6.09 % 60,173 13.68 3 -0.0497 % 2,710.8
OpRet 0.00 % 0.00 % 0 0.00 0 -0.1657 % 3,651.7
SplitShare 4.78 % 4.28 % 81,481 2.99 5 -0.1657 % 4,360.9
Interest-Bearing 0.00 % 0.00 % 0 0.00 0 -0.1657 % 3,402.6
Perpetual-Premium 5.72 % 5.81 % 87,480 14.05 7 -0.3009 % 3,062.0
Perpetual-Discount 5.62 % 5.72 % 49,494 14.31 28 -0.2337 % 3,365.0
FixedReset Disc 5.89 % 5.90 % 130,830 13.78 27 -0.3623 % 3,194.9
Insurance Straight 5.54 % 5.61 % 62,401 14.47 22 -0.1060 % 3,285.4
FloatingReset 0.00 % 0.00 % 0 0.00 0 -0.3623 % 3,800.6
FixedReset Prem 5.95 % 4.64 % 86,387 2.45 21 -0.2330 % 2,664.9
FixedReset Bank Non 0.00 % 0.00 % 0 0.00 0 -0.3623 % 3,265.8
FixedReset Ins Non 5.27 % 5.37 % 94,294 14.66 14 -0.1528 % 3,136.5
Performance Highlights
Issue Index Change Notes
ENB.PF.C FixedReset Disc -3.48 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-03-09
Maturity Price : 21.83
Evaluated at bid price : 22.20
Bid-YTW : 6.28 %
BN.PR.T FixedReset Disc -2.42 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-03-09
Maturity Price : 20.20
Evaluated at bid price : 20.20
Bid-YTW : 6.46 %
FTS.PR.K FixedReset Disc -1.73 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-03-09
Maturity Price : 22.59
Evaluated at bid price : 23.25
Bid-YTW : 5.45 %
ENB.PR.D FixedReset Disc -1.64 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-03-09
Maturity Price : 21.31
Evaluated at bid price : 21.60
Bid-YTW : 6.18 %
CU.PR.H Perpetual-Discount -1.54 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-03-09
Maturity Price : 23.33
Evaluated at bid price : 23.62
Bid-YTW : 5.59 %
GWO.PR.S Insurance Straight -1.37 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-03-09
Maturity Price : 22.74
Evaluated at bid price : 23.03
Bid-YTW : 5.70 %
IFC.PR.I Insurance Straight -1.32 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-03-09
Maturity Price : 23.64
Evaluated at bid price : 23.93
Bid-YTW : 5.74 %
FTS.PR.J Perpetual-Discount -1.32 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-03-09
Maturity Price : 21.50
Evaluated at bid price : 21.76
Bid-YTW : 5.49 %
IFC.PR.C FixedReset Ins Non -1.29 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-03-09
Maturity Price : 23.88
Evaluated at bid price : 24.53
Bid-YTW : 5.66 %
FTS.PR.H FixedReset Disc -1.28 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-03-09
Maturity Price : 19.30
Evaluated at bid price : 19.30
Bid-YTW : 5.64 %
CU.PR.F Perpetual-Discount -1.25 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-03-09
Maturity Price : 19.75
Evaluated at bid price : 19.75
Bid-YTW : 5.74 %
PWF.PR.P FixedReset Disc -1.24 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-03-09
Maturity Price : 19.85
Evaluated at bid price : 19.85
Bid-YTW : 5.80 %
TD.PF.I FixedReset Prem -1.17 % YTW SCENARIO
Maturity Type : Call
Maturity Date : 2027-10-31
Maturity Price : 25.00
Evaluated at bid price : 26.16
Bid-YTW : 3.81 %
FTS.PR.F Perpetual-Discount -1.10 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-03-09
Maturity Price : 22.22
Evaluated at bid price : 22.50
Bid-YTW : 5.47 %
PWF.PR.S Perpetual-Discount -1.01 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-03-09
Maturity Price : 21.50
Evaluated at bid price : 21.50
Bid-YTW : 5.66 %
GWO.PR.P Insurance Straight -1.00 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-03-09
Maturity Price : 23.37
Evaluated at bid price : 23.66
Bid-YTW : 5.71 %
GWO.PR.G Insurance Straight 1.87 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-03-09
Maturity Price : 23.17
Evaluated at bid price : 23.43
Bid-YTW : 5.55 %
BN.PR.R FixedReset Disc 3.76 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-03-09
Maturity Price : 21.70
Evaluated at bid price : 22.10
Bid-YTW : 5.93 %
Volume Highlights
Issue Index Shares
Traded
Notes
NA.PR.E FixedReset Prem 83,495 YTW SCENARIO
Maturity Type : Call
Maturity Date : 2028-05-15
Maturity Price : 25.00
Evaluated at bid price : 25.70
Bid-YTW : 4.67 %
BN.PR.X FixedReset Disc 37,074 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-03-09
Maturity Price : 19.90
Evaluated at bid price : 19.90
Bid-YTW : 6.04 %
PVS.PR.M SplitShare 34,000 YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2031-03-31
Maturity Price : 25.00
Evaluated at bid price : 25.40
Bid-YTW : 4.83 %
GWO.PR.P Insurance Straight 30,900 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-03-09
Maturity Price : 23.37
Evaluated at bid price : 23.66
Bid-YTW : 5.71 %
SLF.PR.D Insurance Straight 28,057 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-03-09
Maturity Price : 21.18
Evaluated at bid price : 21.18
Bid-YTW : 5.27 %
ENB.PR.N FixedReset Disc 19,856 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-03-09
Maturity Price : 23.28
Evaluated at bid price : 24.61
Bid-YTW : 5.84 %
There were 6 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
MFC.PR.C Insurance Straight Quote: 21.50 – 22.80
Spot Rate : 1.3000
Average : 0.8327

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-03-09
Maturity Price : 21.50
Evaluated at bid price : 21.50
Bid-YTW : 5.26 %

BN.PR.T FixedReset Disc Quote: 20.20 – 21.99
Spot Rate : 1.7900
Average : 1.4963

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-03-09
Maturity Price : 20.20
Evaluated at bid price : 20.20
Bid-YTW : 6.46 %

ENB.PF.C FixedReset Disc Quote: 22.20 – 22.98
Spot Rate : 0.7800
Average : 0.4890

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-03-09
Maturity Price : 21.83
Evaluated at bid price : 22.20
Bid-YTW : 6.28 %

PWF.PR.P FixedReset Disc Quote: 19.85 – 20.51
Spot Rate : 0.6600
Average : 0.4549

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-03-09
Maturity Price : 19.85
Evaluated at bid price : 19.85
Bid-YTW : 5.80 %

GWO.PR.S Insurance Straight Quote: 23.03 – 23.80
Spot Rate : 0.7700
Average : 0.5733

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-03-09
Maturity Price : 22.74
Evaluated at bid price : 23.03
Bid-YTW : 5.70 %

MFC.PR.Q FixedReset Ins Non Quote: 25.35 – 26.49
Spot Rate : 1.1400
Average : 0.9444

YTW SCENARIO
Maturity Type : Call
Maturity Date : 2028-06-19
Maturity Price : 25.00
Evaluated at bid price : 25.35
Bid-YTW : 5.24 %

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