Market Action

August 11, 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 -0.0233 % 2,655.7
FixedFloater 0.00 % 0.00 % 0 0.00 0 -0.0233 % 5,001.1
Floater 5.44 % 5.58 % 36,400 14.51 3 -0.0233 % 2,882.2
OpRet 0.00 % 0.00 % 0 0.00 0 -0.0079 % 3,650.9
SplitShare 4.77 % 4.92 % 53,481 2.60 5 -0.0079 % 4,359.9
Interest-Bearing 0.00 % 0.00 % 0 0.00 0 -0.0079 % 3,401.8
Perpetual-Premium 5.61 % 5.42 % 51,490 6.48 12 -0.0231 % 3,092.3
Perpetual-Discount 5.52 % 5.58 % 37,562 14.53 21 -0.2034 % 3,419.8
FixedReset Disc 5.49 % 5.93 % 91,316 13.78 17 0.3992 % 3,420.9
Insurance Straight 5.37 % 5.42 % 43,784 14.69 20 -0.3358 % 3,350.1
FloatingReset 0.00 % 0.00 % 0 0.00 0 0.3992 % 4,177.0
FixedReset Prem 5.91 % 4.57 % 75,948 2.20 31 -0.0735 % 2,666.4
FixedReset Bank Non 0.00 % 0.00 % 0 0.00 0 0.3992 % 3,496.9
FixedReset Ins Non 5.22 % 5.08 % 51,638 2.60 14 0.0646 % 3,272.6
Performance Highlights
Issue Index Change Notes
GWO.PR.P Insurance Straight -7.24 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-08-11
Maturity Price : 22.77
Evaluated at bid price : 23.05
Bid-YTW : 5.93 %
MIC.PR.A Perpetual-Discount -7.17 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-08-11
Maturity Price : 21.71
Evaluated at bid price : 22.00
Bid-YTW : 6.22 %
GWO.PR.I Insurance Straight -1.53 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-08-11
Maturity Price : 21.27
Evaluated at bid price : 21.27
Bid-YTW : 5.36 %
RY.PR.S FixedReset Prem -1.01 % YTW SCENARIO
Maturity Type : Call
Maturity Date : 2029-02-24
Maturity Price : 25.00
Evaluated at bid price : 26.50
Bid-YTW : 3.33 %
MFC.PR.M FixedReset Ins Non 1.25 % YTW SCENARIO
Maturity Type : Call
Maturity Date : 2029-12-20
Maturity Price : 25.00
Evaluated at bid price : 25.85
Bid-YTW : 4.72 %
ENB.PF.C FixedReset Disc 2.04 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-08-11
Maturity Price : 23.12
Evaluated at bid price : 24.50
Bid-YTW : 6.02 %
BN.PR.T FixedReset Disc 2.39 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-08-11
Maturity Price : 22.91
Evaluated at bid price : 23.60
Bid-YTW : 5.92 %
CCS.PR.C Insurance Straight 2.41 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-08-11
Maturity Price : 23.14
Evaluated at bid price : 23.40
Bid-YTW : 5.40 %
Volume Highlights
Issue Index Shares
Traded
Notes
FTS.PR.H FixedReset Disc 138,105 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-08-11
Maturity Price : 20.35
Evaluated at bid price : 20.35
Bid-YTW : 5.80 %
IFC.PR.C FixedReset Ins Non 62,900 YTW SCENARIO
Maturity Type : Call
Maturity Date : 2026-09-30
Maturity Price : 25.00
Evaluated at bid price : 25.12
Bid-YTW : 2.81 %
GWO.PF.A Perpetual-Premium 40,840 YTW SCENARIO
Maturity Type : Call
Maturity Date : 2035-06-30
Maturity Price : 25.00
Evaluated at bid price : 25.46
Bid-YTW : 5.59 %
ENB.PR.H FixedReset Disc 21,956 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-08-11
Maturity Price : 23.35
Evaluated at bid price : 24.45
Bid-YTW : 5.72 %
MFC.PR.N FixedReset Ins Non 13,900 YTW SCENARIO
Maturity Type : Call
Maturity Date : 2030-03-20
Maturity Price : 25.00
Evaluated at bid price : 25.04
Bid-YTW : 5.38 %
FTS.PR.J Perpetual-Discount 12,923 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-08-11
Maturity Price : 22.53
Evaluated at bid price : 22.78
Bid-YTW : 5.30 %
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.P Insurance Straight Quote: 23.05 – 25.00
Spot Rate : 1.9500
Average : 1.1124

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-08-11
Maturity Price : 22.77
Evaluated at bid price : 23.05
Bid-YTW : 5.93 %

MIC.PR.A Perpetual-Discount Quote: 22.00 – 23.92
Spot Rate : 1.9200
Average : 1.1331

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-08-11
Maturity Price : 21.71
Evaluated at bid price : 22.00
Bid-YTW : 6.22 %

BN.PR.Z FixedReset Prem Quote: 25.67 – 27.00
Spot Rate : 1.3300
Average : 1.0724

YTW SCENARIO
Maturity Type : Call
Maturity Date : 2027-12-31
Maturity Price : 25.00
Evaluated at bid price : 25.67
Bid-YTW : 4.62 %

GWO.PR.Y Insurance Straight Quote: 21.08 – 22.40
Spot Rate : 1.3200
Average : 1.0660

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-08-11
Maturity Price : 21.08
Evaluated at bid price : 21.08
Bid-YTW : 5.41 %

MFC.PR.Q FixedReset Ins Non Quote: 25.67 – 26.32
Spot Rate : 0.6500
Average : 0.5076

YTW SCENARIO
Maturity Type : Call
Maturity Date : 2028-06-19
Maturity Price : 25.00
Evaluated at bid price : 25.67
Bid-YTW : 4.94 %

TD.PF.I FixedReset Prem Quote: 25.85 – 26.35
Spot Rate : 0.5000
Average : 0.3633

YTW SCENARIO
Maturity Type : Call
Maturity Date : 2027-10-31
Maturity Price : 25.00
Evaluated at bid price : 25.85
Bid-YTW : 3.61 %

Leave a Reply