Market Action

March 23, 2026

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 0.7254 % 2,483.1
FixedFloater 0.00 % 0.00 % 0 0.00 0 0.7254 % 4,708.4
Floater 5.80 % 5.99 % 55,103 13.97 3 0.7254 % 2,713.5
OpRet 0.00 % 0.00 % 0 0.00 0 -0.3934 % 3,653.5
SplitShare 4.78 % 4.51 % 83,635 2.95 5 -0.3934 % 4,363.0
Interest-Bearing 0.00 % 0.00 % 0 0.00 0 -0.3934 % 3,404.2
Perpetual-Premium 5.74 % 5.84 % 79,333 14.00 7 -0.1199 % 3,049.4
Perpetual-Discount 5.71 % 5.79 % 46,119 14.16 28 -0.0081 % 3,312.8
FixedReset Disc 5.92 % 6.19 % 112,933 13.50 27 -0.0682 % 3,179.5
Insurance Straight 5.60 % 5.66 % 59,507 14.43 22 0.6377 % 3,247.8
FloatingReset 0.00 % 0.00 % 0 0.00 0 -0.0682 % 3,782.3
FixedReset Prem 6.00 % 4.74 % 89,420 2.41 21 0.1160 % 2,643.8
FixedReset Bank Non 0.00 % 0.00 % 0 0.00 0 -0.0682 % 3,250.1
FixedReset Ins Non 5.28 % 5.67 % 90,862 14.18 14 0.9670 % 3,128.3
Performance Highlights
Issue Index Change Notes
POW.PR.A Perpetual-Discount -4.18 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-03-23
Maturity Price : 23.32
Evaluated at bid price : 23.60
Bid-YTW : 6.04 %
FTS.PR.H FixedReset Disc -2.45 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-03-23
Maturity Price : 19.52
Evaluated at bid price : 19.52
Bid-YTW : 5.86 %
GWO.PR.L Insurance Straight -2.23 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-03-23
Maturity Price : 23.91
Evaluated at bid price : 24.15
Bid-YTW : 5.87 %
BN.PF.B FixedReset Disc -1.85 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-03-23
Maturity Price : 22.88
Evaluated at bid price : 23.81
Bid-YTW : 6.18 %
CU.PR.F Perpetual-Discount -1.16 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-03-23
Maturity Price : 19.52
Evaluated at bid price : 19.52
Bid-YTW : 5.83 %
GWO.PR.M Insurance Straight -1.07 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-03-23
Maturity Price : 24.67
Evaluated at bid price : 24.93
Bid-YTW : 5.84 %
TD.PF.I FixedReset Prem 1.31 % YTW SCENARIO
Maturity Type : Call
Maturity Date : 2027-10-31
Maturity Price : 25.00
Evaluated at bid price : 26.25
Bid-YTW : 3.68 %
PWF.PR.F Perpetual-Discount 1.33 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-03-23
Maturity Price : 22.55
Evaluated at bid price : 22.80
Bid-YTW : 5.84 %
BN.PF.C Perpetual-Discount 1.35 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-03-23
Maturity Price : 20.28
Evaluated at bid price : 20.28
Bid-YTW : 6.01 %
IFC.PR.F Insurance Straight 1.40 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-03-23
Maturity Price : 22.96
Evaluated at bid price : 23.22
Bid-YTW : 5.72 %
IFC.PR.K Insurance Straight 1.75 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-03-23
Maturity Price : 22.90
Evaluated at bid price : 23.30
Bid-YTW : 5.64 %
BN.PR.B Floater 2.11 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-03-23
Maturity Price : 13.07
Evaluated at bid price : 13.07
Bid-YTW : 5.99 %
IFC.PR.A FixedReset Ins Non 2.53 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-03-23
Maturity Price : 21.53
Evaluated at bid price : 21.90
Bid-YTW : 5.61 %
ENB.PF.C FixedReset Disc 2.70 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-03-23
Maturity Price : 22.23
Evaluated at bid price : 22.80
Bid-YTW : 6.35 %
IFC.PR.C FixedReset Ins Non 3.67 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-03-23
Maturity Price : 23.94
Evaluated at bid price : 24.59
Bid-YTW : 5.87 %
MFC.PR.F FixedReset Ins Non 4.00 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-03-23
Maturity Price : 19.50
Evaluated at bid price : 19.50
Bid-YTW : 5.91 %
SLF.PR.G FixedReset Ins Non 4.33 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-03-23
Maturity Price : 19.75
Evaluated at bid price : 19.75
Bid-YTW : 5.74 %
SLF.PR.D Insurance Straight 4.47 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-03-23
Maturity Price : 20.79
Evaluated at bid price : 20.79
Bid-YTW : 5.38 %
BN.PR.N Perpetual-Discount 5.77 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-03-23
Maturity Price : 19.79
Evaluated at bid price : 19.79
Bid-YTW : 6.03 %
GWO.PR.T Insurance Straight 9.71 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-03-23
Maturity Price : 22.21
Evaluated at bid price : 22.49
Bid-YTW : 5.74 %
Volume Highlights
Issue Index Shares
Traded
Notes
SLF.PR.C Insurance Straight 85,200 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-03-23
Maturity Price : 21.00
Evaluated at bid price : 21.00
Bid-YTW : 5.32 %
PWF.PR.T FixedReset Disc 45,500 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-03-23
Maturity Price : 23.22
Evaluated at bid price : 24.51
Bid-YTW : 5.72 %
PVS.PR.M SplitShare 26,900 YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2031-03-31
Maturity Price : 25.00
Evaluated at bid price : 25.50
Bid-YTW : 4.78 %
MFC.PR.N FixedReset Ins Non 26,600 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-03-23
Maturity Price : 22.79
Evaluated at bid price : 23.85
Bid-YTW : 5.67 %
FTS.PR.M FixedReset Disc 25,600 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-03-23
Maturity Price : 23.07
Evaluated at bid price : 24.42
Bid-YTW : 5.76 %
BN.PR.T FixedReset Disc 25,300 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-03-23
Maturity Price : 20.15
Evaluated at bid price : 20.15
Bid-YTW : 6.73 %
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
POW.PR.A Perpetual-Discount Quote: 23.60 – 24.70
Spot Rate : 1.1000
Average : 0.6407

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-03-23
Maturity Price : 23.32
Evaluated at bid price : 23.60
Bid-YTW : 6.04 %

GWO.PR.G Insurance Straight Quote: 23.00 – 24.87
Spot Rate : 1.8700
Average : 1.4896

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-03-23
Maturity Price : 22.71
Evaluated at bid price : 23.00
Bid-YTW : 5.67 %

SLF.PR.C Insurance Straight Quote: 21.00 – 21.89
Spot Rate : 0.8900
Average : 0.5168

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-03-23
Maturity Price : 21.00
Evaluated at bid price : 21.00
Bid-YTW : 5.32 %

BN.PF.B FixedReset Disc Quote: 23.81 – 24.98
Spot Rate : 1.1700
Average : 0.8422

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-03-23
Maturity Price : 22.88
Evaluated at bid price : 23.81
Bid-YTW : 6.18 %

GWO.PR.L Insurance Straight Quote: 24.15 – 24.90
Spot Rate : 0.7500
Average : 0.5164

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-03-23
Maturity Price : 23.91
Evaluated at bid price : 24.15
Bid-YTW : 5.87 %

SLF.PR.E Insurance Straight Quote: 21.03 – 21.80
Spot Rate : 0.7700
Average : 0.5681

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-03-23
Maturity Price : 21.03
Evaluated at bid price : 21.03
Bid-YTW : 5.38 %

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