Market Action

July 9, 2026

The TXPR Price Index set a new 52-week high today of 712.22, erasing the previous mark of 710.92 set May 28.

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 0.3067 % 2,629.7
FixedFloater 0.00 % 0.00 % 0 0.00 0 0.3067 % 4,952.2
Floater 5.50 % 5.58 % 39,019 14.57 3 0.3067 % 2,854.0
OpRet 0.00 % 0.00 % 0 0.00 0 0.0318 % 3,628.4
SplitShare 4.80 % 4.97 % 64,619 2.69 5 0.0318 % 4,333.1
Interest-Bearing 0.00 % 0.00 % 0 0.00 0 0.0318 % 3,380.9
Perpetual-Premium 5.68 % 5.42 % 59,818 0.09 7 0.1355 % 3,082.8
Perpetual-Discount 5.54 % 5.62 % 43,204 14.42 27 0.2889 % 3,406.3
FixedReset Disc 5.68 % 5.76 % 98,618 14.05 19 0.2995 % 3,345.8
Insurance Straight 5.45 % 5.53 % 53,175 14.60 20 0.0789 % 3,297.1
FloatingReset 0.00 % 0.00 % 0 0.00 0 0.2995 % 4,085.3
FixedReset Prem 5.91 % 4.79 % 80,719 2.28 29 0.1724 % 2,657.7
FixedReset Bank Non 0.00 % 0.00 % 0 0.00 0 0.2995 % 3,420.1
FixedReset Ins Non 5.27 % 5.24 % 53,598 14.62 14 0.3267 % 3,241.7
Performance Highlights
Issue Index Change Notes
GWO.PR.G Insurance Straight -4.74 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-07-09
Maturity Price : 22.24
Evaluated at bid price : 22.51
Bid-YTW : 5.81 %
GWO.PR.Q Insurance Straight -2.84 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-07-09
Maturity Price : 22.28
Evaluated at bid price : 22.55
Bid-YTW : 5.74 %
BN.PR.N Perpetual-Discount -2.04 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-07-09
Maturity Price : 20.64
Evaluated at bid price : 20.64
Bid-YTW : 5.80 %
ENB.PF.G FixedReset Disc -1.19 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-07-09
Maturity Price : 22.85
Evaluated at bid price : 24.01
Bid-YTW : 5.95 %
PWF.PR.P FixedReset Disc -1.19 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-07-09
Maturity Price : 20.80
Evaluated at bid price : 20.80
Bid-YTW : 5.66 %
FTS.PR.H FixedReset Disc -1.09 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-07-09
Maturity Price : 19.89
Evaluated at bid price : 19.89
Bid-YTW : 5.62 %
PWF.PR.L Perpetual-Discount 1.00 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-07-09
Maturity Price : 22.87
Evaluated at bid price : 23.14
Bid-YTW : 5.60 %
GWO.PR.N FixedReset Ins Non 1.09 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-07-09
Maturity Price : 19.50
Evaluated at bid price : 19.50
Bid-YTW : 5.51 %
MFC.PR.J FixedReset Ins Non 1.10 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-07-09
Maturity Price : 23.60
Evaluated at bid price : 24.82
Bid-YTW : 5.74 %
MFC.PR.N FixedReset Ins Non 1.13 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-07-09
Maturity Price : 23.28
Evaluated at bid price : 25.00
Bid-YTW : 5.25 %
ENB.PR.P FixedReset Disc 1.23 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-07-09
Maturity Price : 23.29
Evaluated at bid price : 24.60
Bid-YTW : 5.70 %
MFC.PR.C Insurance Straight 1.53 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-07-09
Maturity Price : 21.63
Evaluated at bid price : 21.88
Bid-YTW : 5.18 %
SLF.PR.E Insurance Straight 1.53 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-07-09
Maturity Price : 21.61
Evaluated at bid price : 21.86
Bid-YTW : 5.17 %
GWO.PR.Y Insurance Straight 1.69 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-07-09
Maturity Price : 21.00
Evaluated at bid price : 21.00
Bid-YTW : 5.40 %
GWO.PR.I Insurance Straight 2.19 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-07-09
Maturity Price : 21.00
Evaluated at bid price : 21.00
Bid-YTW : 5.40 %
BN.PR.T FixedReset Disc 3.06 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-07-09
Maturity Price : 22.18
Evaluated at bid price : 22.89
Bid-YTW : 5.76 %
CU.PR.G Perpetual-Discount 5.56 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-07-09
Maturity Price : 20.69
Evaluated at bid price : 20.69
Bid-YTW : 5.51 %
Volume Highlights
Issue Index Shares
Traded
Notes
TD.PF.A FixedReset Prem 58,201 YTW SCENARIO
Maturity Type : Call
Maturity Date : 2029-10-31
Maturity Price : 25.00
Evaluated at bid price : 25.57
Bid-YTW : 4.55 %
FFH.PR.K FixedReset Prem 35,650 YTW SCENARIO
Maturity Type : Call
Maturity Date : 2027-03-31
Maturity Price : 25.00
Evaluated at bid price : 25.19
Bid-YTW : 4.17 %
GWO.PF.A Perpetual-Premium 27,610 YTW SCENARIO
Maturity Type : Call
Maturity Date : 2035-06-30
Maturity Price : 25.00
Evaluated at bid price : 25.10
Bid-YTW : 5.72 %
NA.PR.C FixedReset Prem 23,677 YTW SCENARIO
Maturity Type : Call
Maturity Date : 2027-11-15
Maturity Price : 25.00
Evaluated at bid price : 26.33
Bid-YTW : 2.48 %
ENB.PF.K FixedReset Prem 20,180 YTW SCENARIO
Maturity Type : Call
Maturity Date : 2028-03-01
Maturity Price : 25.00
Evaluated at bid price : 26.08
Bid-YTW : 3.92 %
ENB.PR.B FixedReset Disc 13,105 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-07-09
Maturity Price : 22.10
Evaluated at bid price : 22.75
Bid-YTW : 6.00 %
There were 1 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.G Insurance Straight Quote: 22.51 – 24.80
Spot Rate : 2.2900
Average : 1.7391

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-07-09
Maturity Price : 22.24
Evaluated at bid price : 22.51
Bid-YTW : 5.81 %

GWO.PR.Q Insurance Straight Quote: 22.55 – 23.59
Spot Rate : 1.0400
Average : 0.5988

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-07-09
Maturity Price : 22.28
Evaluated at bid price : 22.55
Bid-YTW : 5.74 %

RY.PR.S FixedReset Prem Quote: 26.86 – 27.86
Spot Rate : 1.0000
Average : 0.5935

YTW SCENARIO
Maturity Type : Call
Maturity Date : 2029-02-24
Maturity Price : 25.00
Evaluated at bid price : 26.86
Bid-YTW : 3.22 %

BN.PF.G FixedReset Prem Quote: 25.00 – 26.00
Spot Rate : 1.0000
Average : 0.6218

YTW SCENARIO
Maturity Type : Call
Maturity Date : 2030-07-01
Maturity Price : 25.00
Evaluated at bid price : 25.00
Bid-YTW : 5.73 %

POW.PR.H Perpetual-Premium Quote: 25.35 – 26.35
Spot Rate : 1.0000
Average : 0.7615

YTW SCENARIO
Maturity Type : Call
Maturity Date : 2034-10-15
Maturity Price : 25.00
Evaluated at bid price : 25.35
Bid-YTW : 5.56 %

BN.PR.N Perpetual-Discount Quote: 20.64 – 21.21
Spot Rate : 0.5700
Average : 0.3809

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-07-09
Maturity Price : 20.64
Evaluated at bid price : 20.64
Bid-YTW : 5.80 %

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