Market Action

March 31, 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 0.2229 % 2,494.9
FixedFloater 0.00 % 0.00 % 0 0.00 0 0.2229 % 4,730.6
Floater 5.77 % 5.96 % 60,651 13.99 3 0.2229 % 2,726.3
OpRet 0.00 % 0.00 % 0 0.00 0 0.0474 % 3,657.8
SplitShare 4.77 % 4.44 % 75,522 2.93 5 0.0474 % 4,368.2
Interest-Bearing 0.00 % 0.00 % 0 0.00 0 0.0474 % 3,408.2
Perpetual-Premium 5.79 % 5.85 % 74,030 14.16 7 0.2312 % 3,023.3
Perpetual-Discount 5.77 % 5.82 % 45,796 14.16 28 0.5854 % 3,279.7
FixedReset Disc 5.92 % 6.15 % 111,829 13.65 27 0.5323 % 3,179.3
Insurance Straight 5.73 % 5.79 % 61,515 14.21 22 0.6946 % 3,173.9
FloatingReset 0.00 % 0.00 % 0 0.00 0 0.5323 % 3,782.1
FixedReset Prem 6.00 % 4.82 % 89,196 2.38 21 0.1640 % 2,642.8
FixedReset Bank Non 0.00 % 0.00 % 0 0.00 0 0.5323 % 3,249.9
FixedReset Ins Non 5.25 % 5.60 % 81,755 14.27 14 0.2386 % 3,146.1
Performance Highlights
Issue Index Change Notes
GWO.PR.I Insurance Straight -1.38 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-03-31
Maturity Price : 19.33
Evaluated at bid price : 19.33
Bid-YTW : 5.86 %
FTS.PR.H FixedReset Disc -1.20 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-03-31
Maturity Price : 19.70
Evaluated at bid price : 19.70
Bid-YTW : 5.75 %
GWO.PR.Y Insurance Straight 1.23 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-03-31
Maturity Price : 19.80
Evaluated at bid price : 19.80
Bid-YTW : 5.72 %
FTS.PR.K FixedReset Disc 1.30 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-03-31
Maturity Price : 22.68
Evaluated at bid price : 23.40
Bid-YTW : 5.62 %
BN.PR.R FixedReset Disc 1.33 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-03-31
Maturity Price : 21.71
Evaluated at bid price : 22.11
Bid-YTW : 6.12 %
PWF.PF.A Perpetual-Discount 1.33 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-03-31
Maturity Price : 19.76
Evaluated at bid price : 19.76
Bid-YTW : 5.80 %
PWF.PR.P FixedReset Disc 1.38 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-03-31
Maturity Price : 20.58
Evaluated at bid price : 20.58
Bid-YTW : 5.80 %
PWF.PR.T FixedReset Disc 1.39 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-03-31
Maturity Price : 23.32
Evaluated at bid price : 24.75
Bid-YTW : 5.60 %
PWF.PR.Z Perpetual-Discount 1.61 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-03-31
Maturity Price : 21.90
Evaluated at bid price : 22.15
Bid-YTW : 5.91 %
CU.PR.J Perpetual-Discount 2.38 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-03-31
Maturity Price : 20.68
Evaluated at bid price : 20.68
Bid-YTW : 5.82 %
GWO.PR.R Insurance Straight 2.58 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-03-31
Maturity Price : 21.08
Evaluated at bid price : 21.08
Bid-YTW : 5.73 %
IFC.PR.E Insurance Straight 2.60 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-03-31
Maturity Price : 22.63
Evaluated at bid price : 22.88
Bid-YTW : 5.71 %
GWO.PR.T Insurance Straight 3.08 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-03-31
Maturity Price : 22.15
Evaluated at bid price : 22.43
Bid-YTW : 5.76 %
FTS.PR.F Perpetual-Discount 3.62 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-03-31
Maturity Price : 21.50
Evaluated at bid price : 21.76
Bid-YTW : 5.69 %
POW.PR.A Perpetual-Discount 3.78 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-03-31
Maturity Price : 23.88
Evaluated at bid price : 24.13
Bid-YTW : 5.81 %
BN.PR.T FixedReset Disc 4.92 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-03-31
Maturity Price : 21.32
Evaluated at bid price : 21.32
Bid-YTW : 6.29 %
GWO.PR.S Insurance Straight 5.38 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-03-31
Maturity Price : 22.46
Evaluated at bid price : 22.72
Bid-YTW : 5.80 %
Volume Highlights
Issue Index Shares
Traded
Notes
SLF.PR.H FixedReset Ins Non 54,078 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-03-31
Maturity Price : 22.30
Evaluated at bid price : 23.09
Bid-YTW : 5.65 %
GWO.PR.T Insurance Straight 29,016 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-03-31
Maturity Price : 22.15
Evaluated at bid price : 22.43
Bid-YTW : 5.76 %
CU.PR.C FixedReset Disc 25,511 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-03-31
Maturity Price : 23.90
Evaluated at bid price : 24.35
Bid-YTW : 5.70 %
ENB.PF.C FixedReset Disc 24,674 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-03-31
Maturity Price : 22.14
Evaluated at bid price : 22.66
Bid-YTW : 6.34 %
POW.PR.H Perpetual-Premium 24,238 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-03-31
Maturity Price : 24.54
Evaluated at bid price : 24.94
Bid-YTW : 5.77 %
GWO.PR.G Insurance Straight 18,176 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-03-31
Maturity Price : 21.42
Evaluated at bid price : 21.68
Bid-YTW : 6.03 %
There were 11 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
ENB.PR.B FixedReset Disc Quote: 21.43 – 24.00
Spot Rate : 2.5700
Average : 1.4120

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-03-31
Maturity Price : 21.43
Evaluated at bid price : 21.43
Bid-YTW : 6.51 %

GWO.PR.Q Insurance Straight Quote: 22.06 – 23.65
Spot Rate : 1.5900
Average : 0.9900

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-03-31
Maturity Price : 21.82
Evaluated at bid price : 22.06
Bid-YTW : 5.86 %

ENB.PF.E FixedReset Disc Quote: 22.47 – 23.65
Spot Rate : 1.1800
Average : 0.6980

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-03-31
Maturity Price : 22.00
Evaluated at bid price : 22.47
Bid-YTW : 6.38 %

BN.PF.D Perpetual-Discount Quote: 20.44 – 21.70
Spot Rate : 1.2600
Average : 0.8179

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-03-31
Maturity Price : 20.44
Evaluated at bid price : 20.44
Bid-YTW : 6.04 %

IFC.PR.C FixedReset Ins Non Quote: 24.84 – 25.84
Spot Rate : 1.0000
Average : 0.7028

YTW SCENARIO
Maturity Type : Call
Maturity Date : 2026-09-30
Maturity Price : 25.00
Evaluated at bid price : 24.84
Bid-YTW : 4.78 %

IFC.PR.I Insurance Straight Quote: 22.06 – 24.10
Spot Rate : 2.0400
Average : 1.7801

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-03-31
Maturity Price : 21.80
Evaluated at bid price : 22.06
Bid-YTW : 6.15 %

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