Market Action

September 29, 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 0.1336 % 2,781.3
FixedFloater 0.00 % 0.00 % 0 0.00 0 0.1336 % 5,237.6
Floater 5.20 % 5.31 % 31,431 15.01 3 0.1336 % 3,018.5
OpRet 0.00 % 0.00 % 0 0.00 0 0.0598 % 3,627.0
SplitShare 4.66 % 4.84 % 49,393 2.50 4 0.0598 % 4,331.5
Interest-Bearing 0.00 % 0.00 % 0 0.00 0 0.0598 % 3,379.6
Perpetual-Premium 5.95 % 6.04 % 71,444 13.86 9 -0.7208 % 2,918.8
Perpetual-Discount 5.97 % 6.03 % 43,591 13.78 21 -1.2892 % 3,164.9
FixedReset Disc 5.68 % 6.40 % 79,203 13.25 21 -0.5982 % 3,352.3
Insurance Straight 5.81 % 5.86 % 60,289 14.13 19 -0.6014 % 3,098.1
FloatingReset 0.00 % 0.00 % 0 0.00 0 -0.5982 % 4,093.3
FixedReset Prem 5.99 % 4.80 % 76,320 2.09 27 -0.1655 % 2,636.9
FixedReset Bank Non 0.00 % 0.00 % 0 0.00 0 -0.5982 % 3,426.8
FixedReset Ins Non 5.28 % 5.79 % 51,702 3.15 14 -0.1659 % 3,233.4
Performance Highlights
Issue Index Change Notes
BN.PF.D Perpetual-Discount -5.08 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-09-29
Maturity Price : 18.88
Evaluated at bid price : 18.88
Bid-YTW : 6.54 %
POW.PR.A Perpetual-Discount -4.99 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-09-29
Maturity Price : 22.19
Evaluated at bid price : 22.47
Bid-YTW : 6.24 %
CCS.PR.C Insurance Straight -3.15 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-09-29
Maturity Price : 21.50
Evaluated at bid price : 21.50
Bid-YTW : 5.86 %
GWO.PR.L Insurance Straight -2.99 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-09-29
Maturity Price : 23.10
Evaluated at bid price : 23.36
Bid-YTW : 6.08 %
BN.PR.T FixedReset Disc -2.82 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-09-29
Maturity Price : 22.31
Evaluated at bid price : 23.10
Bid-YTW : 6.44 %
MFC.PR.B Insurance Straight -2.38 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-09-29
Maturity Price : 20.51
Evaluated at bid price : 20.51
Bid-YTW : 5.72 %
BN.PR.N Perpetual-Discount -2.30 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-09-29
Maturity Price : 19.10
Evaluated at bid price : 19.10
Bid-YTW : 6.26 %
POW.PR.G Perpetual-Discount -2.00 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-09-29
Maturity Price : 22.76
Evaluated at bid price : 23.04
Bid-YTW : 6.09 %
POW.PR.B Perpetual-Discount -1.93 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-09-29
Maturity Price : 22.13
Evaluated at bid price : 22.41
Bid-YTW : 5.98 %
POW.PR.I Perpetual-Premium -1.92 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-09-29
Maturity Price : 23.24
Evaluated at bid price : 23.55
Bid-YTW : 6.01 %
BN.PR.M Perpetual-Discount -1.74 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-09-29
Maturity Price : 19.21
Evaluated at bid price : 19.21
Bid-YTW : 6.23 %
ENB.PR.F FixedReset Disc -1.68 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-09-29
Maturity Price : 23.00
Evaluated at bid price : 23.40
Bid-YTW : 6.63 %
ENB.PF.C FixedReset Disc -1.67 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-09-29
Maturity Price : 22.67
Evaluated at bid price : 23.50
Bid-YTW : 6.59 %
PWF.PF.A Perpetual-Discount -1.58 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-09-29
Maturity Price : 19.25
Evaluated at bid price : 19.25
Bid-YTW : 5.96 %
CU.PR.K Perpetual-Premium -1.46 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-09-29
Maturity Price : 23.34
Evaluated at bid price : 23.66
Bid-YTW : 5.98 %
BN.PF.G FixedReset Prem -1.30 % YTW SCENARIO
Maturity Type : Call
Maturity Date : 2030-07-01
Maturity Price : 25.00
Evaluated at bid price : 25.00
Bid-YTW : 5.69 %
SLF.PR.D Insurance Straight -1.25 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-09-29
Maturity Price : 19.75
Evaluated at bid price : 19.75
Bid-YTW : 5.67 %
POW.PR.H Perpetual-Premium -1.24 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-09-29
Maturity Price : 23.49
Evaluated at bid price : 23.83
Bid-YTW : 6.04 %
BN.PR.R FixedReset Disc -1.14 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-09-29
Maturity Price : 22.55
Evaluated at bid price : 23.48
Bid-YTW : 6.21 %
CU.PR.J Perpetual-Discount -1.08 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-09-29
Maturity Price : 20.20
Evaluated at bid price : 20.20
Bid-YTW : 5.95 %
CU.PR.G Perpetual-Discount -1.07 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-09-29
Maturity Price : 19.39
Evaluated at bid price : 19.39
Bid-YTW : 5.88 %
SLF.PR.G FixedReset Ins Non -1.07 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-09-29
Maturity Price : 21.30
Evaluated at bid price : 21.30
Bid-YTW : 5.80 %
PWF.PR.K Perpetual-Discount -1.04 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-09-29
Maturity Price : 20.91
Evaluated at bid price : 20.91
Bid-YTW : 6.03 %
GWO.PR.M Insurance Straight 1.02 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-09-29
Maturity Price : 24.55
Evaluated at bid price : 24.80
Bid-YTW : 5.88 %
MFC.PR.L FixedReset Ins Non 1.21 % YTW SCENARIO
Maturity Type : Call
Maturity Date : 2029-06-20
Maturity Price : 25.00
Evaluated at bid price : 25.05
Bid-YTW : 5.80 %
GWO.PR.G Insurance Straight 2.07 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-09-29
Maturity Price : 21.97
Evaluated at bid price : 22.20
Bid-YTW : 5.88 %
Volume Highlights
Issue Index Shares
Traded
Notes
TD.PF.A FixedReset Prem 75,300 YTW SCENARIO
Maturity Type : Call
Maturity Date : 2029-10-31
Maturity Price : 25.00
Evaluated at bid price : 25.74
Bid-YTW : 4.24 %
ENB.PR.T FixedReset Disc 28,300 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-09-29
Maturity Price : 23.27
Evaluated at bid price : 24.56
Bid-YTW : 6.37 %
PWF.PR.S Perpetual-Discount 18,900 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-09-29
Maturity Price : 20.24
Evaluated at bid price : 20.24
Bid-YTW : 6.04 %
PWF.PR.G Perpetual-Premium 15,768 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-09-29
Maturity Price : 24.31
Evaluated at bid price : 24.62
Bid-YTW : 6.09 %
ENB.PF.E FixedReset Disc 15,400 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-09-29
Maturity Price : 22.76
Evaluated at bid price : 23.73
Bid-YTW : 6.50 %
FTS.PR.M FixedReset Prem 15,200 YTW SCENARIO
Maturity Type : Call
Maturity Date : 2029-12-01
Maturity Price : 25.00
Evaluated at bid price : 25.10
Bid-YTW : 5.54 %
There were 2 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
BN.PF.D Perpetual-Discount Quote: 18.88 – 19.88
Spot Rate : 1.0000
Average : 0.6142

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-09-29
Maturity Price : 18.88
Evaluated at bid price : 18.88
Bid-YTW : 6.54 %

MFC.PR.J FixedReset Ins Non Quote: 25.30 – 26.00
Spot Rate : 0.7000
Average : 0.3916

YTW SCENARIO
Maturity Type : Call
Maturity Date : 2028-03-19
Maturity Price : 25.00
Evaluated at bid price : 25.30
Bid-YTW : 5.47 %

PWF.PR.P FixedReset Disc Quote: 21.66 – 23.08
Spot Rate : 1.4200
Average : 1.1148

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-09-29
Maturity Price : 21.36
Evaluated at bid price : 21.66
Bid-YTW : 5.99 %

ENB.PR.F FixedReset Disc Quote: 23.40 – 24.30
Spot Rate : 0.9000
Average : 0.5973

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-09-29
Maturity Price : 23.00
Evaluated at bid price : 23.40
Bid-YTW : 6.63 %

GWO.PR.H Insurance Straight Quote: 20.53 – 22.00
Spot Rate : 1.4700
Average : 1.1952

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-09-29
Maturity Price : 20.53
Evaluated at bid price : 20.53
Bid-YTW : 5.95 %

ENB.PF.A FixedReset Disc Quote: 24.08 – 24.90
Spot Rate : 0.8200
Average : 0.5903

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-09-29
Maturity Price : 22.99
Evaluated at bid price : 24.08
Bid-YTW : 6.49 %

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