Market Action

May 21, 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 0.1443 % 2,558.9
FixedFloater 0.00 % 0.00 % 0 0.00 0 0.1443 % 4,852.0
Floater 5.61 % 5.84 % 42,637 14.09 3 0.1443 % 2,796.2
OpRet 0.00 % 0.00 % 0 0.00 0 -0.0785 % 3,665.3
SplitShare 4.75 % 4.46 % 51,191 2.79 5 -0.0785 % 4,377.1
Interest-Bearing 0.00 % 0.00 % 0 0.00 0 -0.0785 % 3,415.2
Perpetual-Premium 5.76 % 1.55 % 59,014 0.08 3 0.0924 % 3,052.6
Perpetual-Discount 5.62 % 5.68 % 51,159 14.35 30 0.0334 % 3,352.5
FixedReset Disc 5.63 % 6.02 % 98,492 13.63 24 -0.3204 % 3,311.7
Insurance Straight 5.47 % 5.59 % 51,749 14.37 22 -0.0138 % 3,297.4
FloatingReset 0.00 % 0.00 % 0 0.00 0 -0.3204 % 3,939.6
FixedReset Prem 5.98 % 4.54 % 88,435 2.29 24 -0.0386 % 2,652.0
FixedReset Bank Non 0.00 % 0.00 % 0 0.00 0 -0.3204 % 3,385.2
FixedReset Ins Non 5.04 % 5.28 % 79,463 2.14 14 0.0498 % 3,278.6
Performance Highlights
Issue Index Change Notes
ENB.PF.G FixedReset Disc -3.74 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-05-21
Maturity Price : 22.26
Evaluated at bid price : 22.89
Bid-YTW : 6.48 %
ENB.PR.F FixedReset Disc -2.95 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-05-21
Maturity Price : 22.68
Evaluated at bid price : 23.00
Bid-YTW : 6.35 %
ENB.PF.E FixedReset Disc -2.12 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-05-21
Maturity Price : 22.37
Evaluated at bid price : 23.05
Bid-YTW : 6.35 %
CU.PR.H Perpetual-Discount -1.37 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-05-21
Maturity Price : 23.56
Evaluated at bid price : 23.83
Bid-YTW : 5.52 %
GWO.PR.T Insurance Straight -1.31 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-05-21
Maturity Price : 22.33
Evaluated at bid price : 22.60
Bid-YTW : 5.78 %
PWF.PR.F Perpetual-Discount -1.07 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-05-21
Maturity Price : 22.92
Evaluated at bid price : 23.19
Bid-YTW : 5.71 %
PWF.PR.P FixedReset Disc 1.01 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-05-21
Maturity Price : 21.05
Evaluated at bid price : 21.05
Bid-YTW : 5.83 %
IFC.PR.M Perpetual-Discount 1.10 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-05-21
Maturity Price : 24.52
Evaluated at bid price : 24.92
Bid-YTW : 5.59 %
Volume Highlights
Issue Index Shares
Traded
Notes
BN.PF.I FixedReset Prem 245,138 YTW SCENARIO
Maturity Type : Call
Maturity Date : 2027-03-31
Maturity Price : 25.00
Evaluated at bid price : 25.43
Bid-YTW : 4.26 %
BN.PF.B FixedReset Disc 66,186 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-05-21
Maturity Price : 23.46
Evaluated at bid price : 25.17
Bid-YTW : 6.00 %
BN.PF.E FixedReset Disc 60,857 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-05-21
Maturity Price : 22.98
Evaluated at bid price : 24.26
Bid-YTW : 5.94 %
ENB.PF.K FixedReset Prem 58,570 YTW SCENARIO
Maturity Type : Call
Maturity Date : 2028-03-01
Maturity Price : 25.00
Evaluated at bid price : 25.56
Bid-YTW : 4.81 %
BN.PR.Z FixedReset Prem 54,557 YTW SCENARIO
Maturity Type : Call
Maturity Date : 2027-12-31
Maturity Price : 25.00
Evaluated at bid price : 25.31
Bid-YTW : 5.87 %
SLF.PR.G FixedReset Ins Non 45,885 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-05-21
Maturity Price : 21.30
Evaluated at bid price : 21.30
Bid-YTW : 5.53 %
There were 9 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
GWO.PR.M Insurance Straight Quote: 25.75 – 26.75
Spot Rate : 1.0000
Average : 0.5841

YTW SCENARIO
Maturity Type : Call
Maturity Date : 2026-06-20
Maturity Price : 25.00
Evaluated at bid price : 25.75
Bid-YTW : -19.59 %

ENB.PF.G FixedReset Disc Quote: 22.89 – 23.70
Spot Rate : 0.8100
Average : 0.5137

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-05-21
Maturity Price : 22.26
Evaluated at bid price : 22.89
Bid-YTW : 6.48 %

GWO.PR.S Insurance Straight Quote: 23.56 – 24.30
Spot Rate : 0.7400
Average : 0.4554

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-05-21
Maturity Price : 23.26
Evaluated at bid price : 23.56
Bid-YTW : 5.65 %

CU.PR.H Perpetual-Discount Quote: 23.83 – 24.60
Spot Rate : 0.7700
Average : 0.5716

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-05-21
Maturity Price : 23.56
Evaluated at bid price : 23.83
Bid-YTW : 5.52 %

BN.PR.R FixedReset Disc Quote: 23.70 – 24.25
Spot Rate : 0.5500
Average : 0.3955

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-05-21
Maturity Price : 22.63
Evaluated at bid price : 23.70
Bid-YTW : 5.97 %

FTS.PR.J Perpetual-Discount Quote: 22.26 – 22.70
Spot Rate : 0.4400
Average : 0.3001

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-05-21
Maturity Price : 22.03
Evaluated at bid price : 22.26
Bid-YTW : 5.34 %

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