Market Action

March 27, 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 0.0000 % 2,485.0
FixedFloater 0.00 % 0.00 % 0 0.00 0 0.0000 % 4,711.9
Floater 5.80 % 5.98 % 59,382 13.97 3 0.0000 % 2,715.5
OpRet 0.00 % 0.00 % 0 0.00 0 -0.0395 % 3,650.3
SplitShare 4.78 % 4.56 % 79,210 2.94 5 -0.0395 % 4,359.2
Interest-Bearing 0.00 % 0.00 % 0 0.00 0 -0.0395 % 3,401.2
Perpetual-Premium 5.79 % 5.88 % 75,480 13.91 7 0.0635 % 3,020.5
Perpetual-Discount 5.80 % 5.86 % 44,835 14.02 28 -0.7214 % 3,261.4
FixedReset Disc 6.00 % 6.28 % 107,669 13.41 27 -1.3415 % 3,136.7
Insurance Straight 5.71 % 5.76 % 62,466 14.28 22 -0.2531 % 3,186.9
FloatingReset 0.00 % 0.00 % 0 0.00 0 -1.3415 % 3,731.4
FixedReset Prem 6.04 % 4.89 % 90,709 2.66 21 -0.2751 % 2,626.5
FixedReset Bank Non 0.00 % 0.00 % 0 0.00 0 -1.3415 % 3,206.3
FixedReset Ins Non 5.30 % 5.73 % 74,110 14.18 14 -0.0031 % 3,118.3
Performance Highlights
Issue Index Change Notes
BIP.PR.E FixedReset Prem -4.69 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-03-27
Maturity Price : 23.68
Evaluated at bid price : 24.00
Bid-YTW : 6.56 %
ENB.PF.A FixedReset Disc -4.56 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-03-27
Maturity Price : 21.70
Evaluated at bid price : 22.00
Bid-YTW : 6.68 %
IFC.PR.C FixedReset Ins Non -4.16 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-03-27
Maturity Price : 22.96
Evaluated at bid price : 23.72
Bid-YTW : 6.09 %
POW.PR.A Perpetual-Discount -4.12 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-03-27
Maturity Price : 22.98
Evaluated at bid price : 23.25
Bid-YTW : 6.03 %
GWO.PR.G Insurance Straight -3.85 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-03-27
Maturity Price : 21.46
Evaluated at bid price : 21.72
Bid-YTW : 6.01 %
GWO.PR.R Insurance Straight -3.52 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-03-27
Maturity Price : 20.31
Evaluated at bid price : 20.31
Bid-YTW : 5.95 %
BN.PF.E FixedReset Disc -3.43 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-03-27
Maturity Price : 22.03
Evaluated at bid price : 22.50
Bid-YTW : 6.24 %
CU.PR.H Perpetual-Discount -3.41 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-03-27
Maturity Price : 22.12
Evaluated at bid price : 22.40
Bid-YTW : 5.92 %
BN.PR.T FixedReset Disc -3.33 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-03-27
Maturity Price : 20.30
Evaluated at bid price : 20.30
Bid-YTW : 6.68 %
ENB.PF.G FixedReset Disc -3.19 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-03-27
Maturity Price : 21.78
Evaluated at bid price : 22.16
Bid-YTW : 6.62 %
ENB.PR.D FixedReset Disc -3.00 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-03-27
Maturity Price : 21.00
Evaluated at bid price : 21.00
Bid-YTW : 6.69 %
ENB.PR.H FixedReset Disc -2.83 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-03-27
Maturity Price : 22.03
Evaluated at bid price : 22.30
Bid-YTW : 6.18 %
CU.PR.C FixedReset Disc -2.83 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-03-27
Maturity Price : 23.57
Evaluated at bid price : 24.05
Bid-YTW : 5.83 %
ENB.PR.Y FixedReset Disc -2.79 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-03-27
Maturity Price : 20.89
Evaluated at bid price : 20.89
Bid-YTW : 6.68 %
CIU.PR.A Perpetual-Discount -1.98 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-03-27
Maturity Price : 19.78
Evaluated at bid price : 19.78
Bid-YTW : 5.89 %
ENB.PR.J FixedReset Disc -1.77 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-03-27
Maturity Price : 22.31
Evaluated at bid price : 22.79
Bid-YTW : 6.44 %
GWO.PR.H Insurance Straight -1.72 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-03-27
Maturity Price : 20.00
Evaluated at bid price : 20.00
Bid-YTW : 6.10 %
FTS.PR.J Perpetual-Discount -1.62 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-03-27
Maturity Price : 21.20
Evaluated at bid price : 21.20
Bid-YTW : 5.67 %
PWF.PR.S Perpetual-Discount -1.57 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-03-27
Maturity Price : 20.75
Evaluated at bid price : 20.75
Bid-YTW : 5.89 %
GWO.PR.Y Insurance Straight -1.55 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-03-27
Maturity Price : 19.74
Evaluated at bid price : 19.74
Bid-YTW : 5.73 %
GWO.PR.Q Insurance Straight -1.47 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-03-27
Maturity Price : 21.82
Evaluated at bid price : 22.06
Bid-YTW : 5.86 %
ENB.PR.F FixedReset Disc -1.46 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-03-27
Maturity Price : 22.05
Evaluated at bid price : 22.29
Bid-YTW : 6.45 %
BN.PF.B FixedReset Disc -1.46 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-03-27
Maturity Price : 22.80
Evaluated at bid price : 23.65
Bid-YTW : 6.23 %
FTS.PR.F Perpetual-Discount -1.32 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-03-27
Maturity Price : 21.50
Evaluated at bid price : 21.76
Bid-YTW : 5.68 %
CU.PR.G Perpetual-Discount -1.21 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-03-27
Maturity Price : 19.62
Evaluated at bid price : 19.62
Bid-YTW : 5.80 %
ENB.PF.K FixedReset Prem -1.11 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-03-27
Maturity Price : 23.61
Evaluated at bid price : 25.02
Bid-YTW : 6.36 %
SLF.PR.E Insurance Straight -1.06 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-03-27
Maturity Price : 20.58
Evaluated at bid price : 20.58
Bid-YTW : 5.50 %
POW.PR.D Perpetual-Discount -1.05 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-03-27
Maturity Price : 21.33
Evaluated at bid price : 21.60
Bid-YTW : 5.79 %
SLF.PR.C Insurance Straight -1.01 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-03-27
Maturity Price : 20.51
Evaluated at bid price : 20.51
Bid-YTW : 5.46 %
ENB.PF.E FixedReset Disc -1.01 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-03-27
Maturity Price : 22.00
Evaluated at bid price : 22.47
Bid-YTW : 6.44 %
PWF.PR.R Perpetual-Discount -1.00 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-03-27
Maturity Price : 23.42
Evaluated at bid price : 23.71
Bid-YTW : 5.89 %
TD.PF.A FixedReset Prem 1.51 % YTW SCENARIO
Maturity Type : Call
Maturity Date : 2029-10-31
Maturity Price : 25.00
Evaluated at bid price : 25.51
Bid-YTW : 4.61 %
MFC.PR.F FixedReset Ins Non 1.82 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-03-27
Maturity Price : 19.60
Evaluated at bid price : 19.60
Bid-YTW : 5.88 %
MFC.PR.L FixedReset Ins Non 2.22 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-03-27
Maturity Price : 23.12
Evaluated at bid price : 24.40
Bid-YTW : 5.55 %
POW.PR.B Perpetual-Discount 3.48 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-03-27
Maturity Price : 22.91
Evaluated at bid price : 23.18
Bid-YTW : 5.78 %
SLF.PR.G FixedReset Ins Non 3.72 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-03-27
Maturity Price : 19.50
Evaluated at bid price : 19.50
Bid-YTW : 5.82 %
GWO.PR.I Insurance Straight 4.63 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-03-27
Maturity Price : 19.88
Evaluated at bid price : 19.88
Bid-YTW : 5.69 %
GWO.PR.S Insurance Straight 5.24 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-03-27
Maturity Price : 22.44
Evaluated at bid price : 22.70
Bid-YTW : 5.80 %
Volume Highlights
Issue Index Shares
Traded
Notes
IFC.PR.C FixedReset Ins Non 125,289 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-03-27
Maturity Price : 22.96
Evaluated at bid price : 23.72
Bid-YTW : 6.09 %
BN.PR.K Floater 104,700 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-03-27
Maturity Price : 13.10
Evaluated at bid price : 13.10
Bid-YTW : 5.98 %
PWF.PR.P FixedReset Disc 50,000 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-03-27
Maturity Price : 20.20
Evaluated at bid price : 20.20
Bid-YTW : 5.97 %
MFC.PR.I FixedReset Ins Non 45,383 YTW SCENARIO
Maturity Type : Call
Maturity Date : 2027-09-19
Maturity Price : 25.00
Evaluated at bid price : 25.50
Bid-YTW : 4.68 %
RY.PR.S FixedReset Prem 43,648 YTW SCENARIO
Maturity Type : Call
Maturity Date : 2029-02-24
Maturity Price : 25.00
Evaluated at bid price : 26.15
Bid-YTW : 4.40 %
ENB.PF.C FixedReset Disc 18,200 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-03-27
Maturity Price : 22.02
Evaluated at bid price : 22.47
Bid-YTW : 6.45 %
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.F FixedReset Ins Non Quote: 19.60 – 23.80
Spot Rate : 4.2000
Average : 3.3062

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-03-27
Maturity Price : 19.60
Evaluated at bid price : 19.60
Bid-YTW : 5.88 %

POW.PR.A Perpetual-Discount Quote: 23.25 – 24.70
Spot Rate : 1.4500
Average : 0.8969

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-03-27
Maturity Price : 22.98
Evaluated at bid price : 23.25
Bid-YTW : 6.03 %

BIP.PR.E FixedReset Prem Quote: 24.00 – 25.29
Spot Rate : 1.2900
Average : 0.7837

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-03-27
Maturity Price : 23.68
Evaluated at bid price : 24.00
Bid-YTW : 6.56 %

ENB.PF.A FixedReset Disc Quote: 22.00 – 23.27
Spot Rate : 1.2700
Average : 0.7717

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-03-27
Maturity Price : 21.70
Evaluated at bid price : 22.00
Bid-YTW : 6.68 %

IFC.PR.C FixedReset Ins Non Quote: 23.72 – 24.80
Spot Rate : 1.0800
Average : 0.6259

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-03-27
Maturity Price : 22.96
Evaluated at bid price : 23.72
Bid-YTW : 6.09 %

BN.PF.E FixedReset Disc Quote: 22.50 – 23.50
Spot Rate : 1.0000
Average : 0.6093

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-03-27
Maturity Price : 22.03
Evaluated at bid price : 22.50
Bid-YTW : 6.24 %

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