Market Action

June 12, 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 5.57 % 5.77 % 25,725 14.71 1 -0.2825 % 2,633.4
FixedFloater 0.00 % 0.00 % 0 0.00 0 -1.4388 % 4,947.5
Floater 5.50 % 5.69 % 39,394 14.29 3 -1.4388 % 2,851.3
OpRet 0.00 % 0.00 % 0 0.00 0 -0.3640 % 3,626.4
SplitShare 4.80 % 4.56 % 49,381 2.76 5 -0.3640 % 4,330.7
Interest-Bearing 0.00 % 0.00 % 0 0.00 0 -0.3640 % 3,379.0
Perpetual-Premium 5.70 % 5.70 % 73,894 14.01 7 -0.4919 % 3,060.5
Perpetual-Discount 5.60 % 5.68 % 40,729 14.32 28 -0.3236 % 3,367.4
FixedReset Disc 5.64 % 5.90 % 128,562 13.89 19 -0.0637 % 3,299.9
Insurance Straight 5.46 % 5.53 % 46,373 14.58 22 0.0059 % 3,301.5
FloatingReset 4.64 % 4.65 % 24,678 16.21 1 -0.2500 % 4,093.2
FixedReset Prem 5.93 % 4.88 % 90,208 2.26 29 0.0174 % 2,649.6
FixedReset Bank Non 0.00 % 0.00 % 0 0.00 0 -0.0637 % 3,373.1
FixedReset Ins Non 5.14 % 5.32 % 70,437 14.60 14 0.1045 % 3,217.1
Performance Highlights
Issue Index Change Notes
PWF.PR.Z Perpetual-Discount -3.00 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-06-12
Maturity Price : 22.08
Evaluated at bid price : 22.30
Bid-YTW : 5.85 %
BN.PR.K Floater -2.58 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-06-12
Maturity Price : 13.59
Evaluated at bid price : 13.59
Bid-YTW : 5.85 %
ENB.PF.A FixedReset Disc -2.31 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-06-12
Maturity Price : 22.56
Evaluated at bid price : 23.30
Bid-YTW : 6.15 %
PWF.PR.F Perpetual-Discount -2.03 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-06-12
Maturity Price : 22.84
Evaluated at bid price : 23.12
Bid-YTW : 5.75 %
IFC.PR.M Perpetual-Premium -1.99 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-06-12
Maturity Price : 24.26
Evaluated at bid price : 24.65
Bid-YTW : 5.68 %
PWF.PR.S Perpetual-Discount -1.71 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-06-12
Maturity Price : 21.25
Evaluated at bid price : 21.25
Bid-YTW : 5.73 %
SLF.PR.E Insurance Straight -1.37 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-06-12
Maturity Price : 21.32
Evaluated at bid price : 21.59
Bid-YTW : 5.21 %
PWF.PR.P FixedReset Disc -1.20 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-06-12
Maturity Price : 20.56
Evaluated at bid price : 20.56
Bid-YTW : 5.73 %
CCS.PR.C Insurance Straight -1.19 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-06-12
Maturity Price : 22.22
Evaluated at bid price : 22.50
Bid-YTW : 5.56 %
SLF.PR.C Insurance Straight -1.15 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-06-12
Maturity Price : 21.30
Evaluated at bid price : 21.57
Bid-YTW : 5.16 %
SLF.PR.D Insurance Straight -1.01 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-06-12
Maturity Price : 21.35
Evaluated at bid price : 21.62
Bid-YTW : 5.14 %
MFC.PR.B Insurance Straight 1.07 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-06-12
Maturity Price : 22.33
Evaluated at bid price : 22.60
Bid-YTW : 5.15 %
GWO.PR.I Insurance Straight 1.30 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-06-12
Maturity Price : 20.97
Evaluated at bid price : 20.97
Bid-YTW : 5.38 %
GWO.PR.N FixedReset Ins Non 1.39 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-06-12
Maturity Price : 19.75
Evaluated at bid price : 19.75
Bid-YTW : 5.45 %
GWO.PR.T Insurance Straight 1.51 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-06-12
Maturity Price : 23.25
Evaluated at bid price : 23.55
Bid-YTW : 5.47 %
Volume Highlights
Issue Index Shares
Traded
Notes
BN.PF.D Perpetual-Discount 21,559 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-06-12
Maturity Price : 21.28
Evaluated at bid price : 21.28
Bid-YTW : 5.88 %
BN.PR.M Perpetual-Discount 21,200 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-06-12
Maturity Price : 20.76
Evaluated at bid price : 20.76
Bid-YTW : 5.84 %
ENB.PR.D FixedReset Disc 16,500 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-06-12
Maturity Price : 22.35
Evaluated at bid price : 22.70
Bid-YTW : 6.02 %
TD.PF.I FixedReset Prem 13,500 YTW SCENARIO
Maturity Type : Call
Maturity Date : 2027-10-31
Maturity Price : 25.00
Evaluated at bid price : 25.78
Bid-YTW : 4.53 %
ENB.PR.B FixedReset Disc 11,080 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-06-12
Maturity Price : 22.09
Evaluated at bid price : 22.75
Bid-YTW : 6.00 %
ENB.PR.P FixedReset Disc 10,500 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-06-12
Maturity Price : 22.96
Evaluated at bid price : 23.87
Bid-YTW : 5.90 %
There were 0 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
PWF.PR.T FixedReset Prem Quote: 25.01 – 26.01
Spot Rate : 1.0000
Average : 0.5945

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-06-12
Maturity Price : 23.45
Evaluated at bid price : 25.01
Bid-YTW : 5.45 %

SLF.PR.G FixedReset Ins Non Quote: 20.80 – 21.80
Spot Rate : 1.0000
Average : 0.6173

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-06-12
Maturity Price : 20.80
Evaluated at bid price : 20.80
Bid-YTW : 5.32 %

PWF.PR.P FixedReset Disc Quote: 20.56 – 21.50
Spot Rate : 0.9400
Average : 0.5775

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-06-12
Maturity Price : 20.56
Evaluated at bid price : 20.56
Bid-YTW : 5.73 %

PWF.PR.Z Perpetual-Discount Quote: 22.30 – 23.24
Spot Rate : 0.9400
Average : 0.5838

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-06-12
Maturity Price : 22.08
Evaluated at bid price : 22.30
Bid-YTW : 5.85 %

MFC.PR.K FixedReset Ins Non Quote: 25.40 – 26.14
Spot Rate : 0.7400
Average : 0.4642

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-06-12
Maturity Price : 23.66
Evaluated at bid price : 25.40
Bid-YTW : 5.28 %

MFC.PR.F FixedReset Ins Non Quote: 21.09 – 22.00
Spot Rate : 0.9100
Average : 0.6531

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-06-12
Maturity Price : 21.09
Evaluated at bid price : 21.09
Bid-YTW : 5.33 %

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