Market Action

July 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 0.0000 % 2,647.1
FixedFloater 0.00 % 0.00 % 0 0.00 0 0.0000 % 4,984.8
Floater 5.46 % 5.58 % 37,876 14.54 3 0.0000 % 2,872.8
OpRet 0.00 % 0.00 % 0 0.00 0 0.0395 % 3,642.5
SplitShare 4.78 % 4.89 % 60,897 2.63 5 0.0395 % 4,350.0
Interest-Bearing 0.00 % 0.00 % 0 0.00 0 0.0395 % 3,394.0
Perpetual-Premium 5.65 % -2.98 % 50,597 0.09 7 -0.0056 % 3,097.9
Perpetual-Discount 5.49 % 5.55 % 39,669 14.55 27 0.0958 % 3,437.0
FixedReset Disc 5.57 % 5.83 % 95,488 13.95 19 0.3134 % 3,414.9
Insurance Straight 5.35 % 5.44 % 50,157 14.69 20 -0.2764 % 3,359.3
FloatingReset 0.00 % 0.00 % 0 0.00 0 0.3134 % 4,169.7
FixedReset Prem 5.88 % 4.38 % 77,957 2.16 29 0.2326 % 2,673.6
FixedReset Bank Non 0.00 % 0.00 % 0 0.00 0 0.3134 % 3,490.8
FixedReset Ins Non 5.16 % 4.67 % 53,651 1.98 14 0.3379 % 3,306.0
Performance Highlights
Issue Index Change Notes
GWO.PR.Y Insurance Straight -6.54 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-07-31
Maturity Price : 20.00
Evaluated at bid price : 20.00
Bid-YTW : 5.70 %
BN.PR.M Perpetual-Discount -2.36 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-07-31
Maturity Price : 21.07
Evaluated at bid price : 21.07
Bid-YTW : 5.71 %
SLF.PR.E Insurance Straight -1.22 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-07-31
Maturity Price : 21.65
Evaluated at bid price : 21.90
Bid-YTW : 5.18 %
CU.PR.C FixedReset Prem -1.10 % YTW SCENARIO
Maturity Type : Call
Maturity Date : 2027-06-01
Maturity Price : 25.00
Evaluated at bid price : 25.22
Bid-YTW : 5.20 %
SLF.PR.G FixedReset Ins Non 1.18 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-07-31
Maturity Price : 21.50
Evaluated at bid price : 21.50
Bid-YTW : 5.32 %
MFC.PR.F FixedReset Ins Non 1.49 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-07-31
Maturity Price : 21.50
Evaluated at bid price : 21.80
Bid-YTW : 5.35 %
MFC.PR.Q FixedReset Ins Non 1.54 % YTW SCENARIO
Maturity Type : Call
Maturity Date : 2028-06-19
Maturity Price : 25.00
Evaluated at bid price : 26.30
Bid-YTW : 3.47 %
PWF.PF.A Perpetual-Discount 1.61 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-07-31
Maturity Price : 20.85
Evaluated at bid price : 20.85
Bid-YTW : 5.43 %
BN.PR.X FixedReset Disc 1.89 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-07-31
Maturity Price : 21.32
Evaluated at bid price : 21.60
Bid-YTW : 5.81 %
BN.PF.E FixedReset Disc 2.08 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-07-31
Maturity Price : 23.10
Evaluated at bid price : 24.50
Bid-YTW : 5.73 %
BN.PF.F FixedReset Prem 2.22 % YTW SCENARIO
Maturity Type : Call
Maturity Date : 2029-10-01
Maturity Price : 25.00
Evaluated at bid price : 25.35
Bid-YTW : 5.55 %
GWO.PR.H Insurance Straight 2.93 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-07-31
Maturity Price : 22.17
Evaluated at bid price : 22.45
Bid-YTW : 5.45 %
BN.PF.B FixedReset Prem 3.87 % YTW SCENARIO
Maturity Type : Call
Maturity Date : 2029-04-01
Maturity Price : 25.00
Evaluated at bid price : 25.48
Bid-YTW : 5.61 %
Volume Highlights
Issue Index Shares
Traded
Notes
ENB.PR.Y FixedReset Disc 34,858 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-07-31
Maturity Price : 22.79
Evaluated at bid price : 23.65
Bid-YTW : 5.90 %
ENB.PF.E FixedReset Disc 15,000 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-07-31
Maturity Price : 23.06
Evaluated at bid price : 24.45
Bid-YTW : 5.91 %
GWO.PR.Y Insurance Straight 14,240 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-07-31
Maturity Price : 20.00
Evaluated at bid price : 20.00
Bid-YTW : 5.70 %
CU.PR.K Perpetual-Premium 11,100 YTW SCENARIO
Maturity Type : Call
Maturity Date : 2035-03-01
Maturity Price : 25.00
Evaluated at bid price : 25.40
Bid-YTW : 5.54 %
BN.PF.B FixedReset Prem 10,150 YTW SCENARIO
Maturity Type : Call
Maturity Date : 2029-04-01
Maturity Price : 25.00
Evaluated at bid price : 25.48
Bid-YTW : 5.61 %
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
GWO.PR.Y Insurance Straight Quote: 20.00 – 21.60
Spot Rate : 1.6000
Average : 0.9548

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-07-31
Maturity Price : 20.00
Evaluated at bid price : 20.00
Bid-YTW : 5.70 %

CCS.PR.C Insurance Straight Quote: 23.30 – 24.00
Spot Rate : 0.7000
Average : 0.5462

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-07-31
Maturity Price : 23.03
Evaluated at bid price : 23.30
Bid-YTW : 5.42 %

BN.PR.M Perpetual-Discount Quote: 21.07 – 21.63
Spot Rate : 0.5600
Average : 0.4326

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-07-31
Maturity Price : 21.07
Evaluated at bid price : 21.07
Bid-YTW : 5.71 %

SLF.PR.E Insurance Straight Quote: 21.90 – 22.40
Spot Rate : 0.5000
Average : 0.3736

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-07-31
Maturity Price : 21.65
Evaluated at bid price : 21.90
Bid-YTW : 5.18 %

IFC.PR.I Insurance Straight Quote: 24.80 – 25.75
Spot Rate : 0.9500
Average : 0.8328

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-07-31
Maturity Price : 24.49
Evaluated at bid price : 24.80
Bid-YTW : 5.49 %

PWF.PR.T FixedReset Prem Quote: 25.44 – 26.44
Spot Rate : 1.0000
Average : 0.8859

YTW SCENARIO
Maturity Type : Call
Maturity Date : 2029-01-31
Maturity Price : 25.00
Evaluated at bid price : 25.44
Bid-YTW : 4.86 %

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