{"id":47733,"date":"2025-03-07T00:43:56","date_gmt":"2025-03-07T00:43:56","guid":{"rendered":"https:\/\/prefblog.com\/?p=47733"},"modified":"2025-06-19T00:44:41","modified_gmt":"2025-06-19T00:44:41","slug":"march-7-2025","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=47733","title":{"rendered":"March 7, 2025"},"content":{"rendered":"\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
HIMIPref™ Preferred Indices
These values reflect the December 2008 revision of the HIMIPref™ Indices<\/strong>
Values are provisional and are finalized monthly<\/td>\n<\/tr>\n
Index<\/td>\nMean
Current
Yield
(at bid)<\/td>\n		Median
YTW<\/td>\n		Median
Average
Trading
Value<\/td>\n		Median
Mod Dur
(YTW)<\/td>\n		Issues<\/td>\nDay’s Perf.<\/td>\nIndex Value<\/td>\n<\/tr>\n
Ratchet<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.1589 %<\/td>\n2,270.8<\/td>\n<\/tr>\n
FixedFloater<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.1589 %<\/td>\n4,420.4<\/td>\n<\/tr>\n
Floater<\/td>\n7.22 %<\/td>\n7.58 %<\/td>\n31,638<\/td>\n11.75<\/td>\n4<\/td>\n0.1589 %<\/td>\n2,547.5<\/td>\n<\/tr>\n
OpRet<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.2547 %<\/td>\n3,603.3<\/td>\n<\/tr>\n
SplitShare<\/td>\n4.84 %<\/td>\n4.96 %<\/td>\n68,196<\/td>\n1.88<\/td>\n9<\/td>\n0.2547 %<\/td>\n4,303.0<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.2547 %<\/td>\n3,357.4<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.2035 %<\/td>\n2,956.8<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n5.81 %<\/td>\n5.96 %<\/td>\n57,734<\/td>\n13.93<\/td>\n32<\/td>\n-0.2035 %<\/td>\n3,224.2<\/td>\n<\/tr>\n
FixedReset Disc<\/td>\n5.50 %<\/td>\n6.27 %<\/td>\n119,558<\/td>\n13.28<\/td>\n49<\/td>\n0.4118 %<\/td>\n2,837.3<\/td>\n<\/tr>\n
Insurance Straight<\/td>\n5.73 %<\/td>\n5.80 %<\/td>\n79,677<\/td>\n14.22<\/td>\n21<\/td>\n0.4781 %<\/td>\n3,161.3<\/td>\n<\/tr>\n
FloatingReset<\/td>\n5.63 %<\/td>\n5.67 %<\/td>\n64,705<\/td>\n13.73<\/td>\n4<\/td>\n0.0662 %<\/td>\n3,622.3<\/td>\n<\/tr>\n
FixedReset Prem<\/td>\n5.79 %<\/td>\n5.28 %<\/td>\n168,113<\/td>\n13.88<\/td>\n10<\/td>\n-0.0783 %<\/td>\n2,586.4<\/td>\n<\/tr>\n
FixedReset Bank Non<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.4118 %<\/td>\n2,900.3<\/td>\n<\/tr>\n
FixedReset Ins Non<\/td>\n5.24 %<\/td>\n5.61 %<\/td>\n72,625<\/td>\n14.25<\/td>\n14<\/td>\n-0.0067 %<\/td>\n2,885.8<\/td>\n<\/tr>\n<\/table>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Performance Highlights<\/strong><\/td>\n<\/tr>\n
Issue<\/td>\nIndex<\/td>\nChange<\/td>\nNotes<\/td>\n<\/tr>\n
IFC.PR.K<\/td>\nInsurance Straight<\/td>\n-7.32 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-03-07
\nMaturity Price : 21.36
\nEvaluated at bid price : 21.65
\nBid-YTW : 6.17 %<\/td>\n<\/tr>\n
PWF.PR.R<\/td>\nPerpetual-Discount<\/td>\n-3.80 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-03-07
\nMaturity Price : 22.24
\nEvaluated at bid price : 22.51
\nBid-YTW : 6.19 %<\/td>\n<\/tr>\n
MFC.PR.I<\/td>\nFixedReset Ins Non<\/td>\n-3.25 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-03-07
\nMaturity Price : 22.95
\nEvaluated at bid price : 23.80
\nBid-YTW : 5.83 %<\/td>\n<\/tr>\n
PWF.PR.Z<\/td>\nPerpetual-Discount<\/td>\n-2.45 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-03-07
\nMaturity Price : 21.46
\nEvaluated at bid price : 21.46
\nBid-YTW : 6.09 %<\/td>\n<\/tr>\n
PWF.PR.E<\/td>\nPerpetual-Discount<\/td>\n-2.10 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-03-07
\nMaturity Price : 23.03
\nEvaluated at bid price : 23.30
\nBid-YTW : 5.97 %<\/td>\n<\/tr>\n
CM.PR.S<\/td>\nFixedReset Prem<\/td>\n-1.26 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-03-07
\nMaturity Price : 25.07
\nEvaluated at bid price : 25.07
\nBid-YTW : 5.28 %<\/td>\n<\/tr>\n
BN.PF.B<\/td>\nFixedReset Disc<\/td>\n-1.12 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-03-07
\nMaturity Price : 21.73
\nEvaluated at bid price : 22.07
\nBid-YTW : 6.35 %<\/td>\n<\/tr>\n
POW.PR.A<\/td>\nPerpetual-Discount<\/td>\n-1.08 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-03-07
\nMaturity Price : 23.53
\nEvaluated at bid price : 23.80
\nBid-YTW : 5.97 %<\/td>\n<\/tr>\n
GWO.PR.L<\/td>\nInsurance Straight<\/td>\n1.05 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-03-07
\nMaturity Price : 23.74
\nEvaluated at bid price : 24.05
\nBid-YTW : 5.87 %<\/td>\n<\/tr>\n
PVS.PR.J<\/td>\nSplitShare<\/td>\n1.11 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2028-02-29
\nMaturity Price : 25.00
\nEvaluated at bid price : 24.60
\nBid-YTW : 5.01 %<\/td>\n<\/tr>\n
GWO.PR.H<\/td>\nInsurance Straight<\/td>\n1.30 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-03-07
\nMaturity Price : 21.07
\nEvaluated at bid price : 21.07
\nBid-YTW : 5.77 %<\/td>\n<\/tr>\n
GWO.PR.Q<\/td>\nInsurance Straight<\/td>\n1.75 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-03-07
\nMaturity Price : 21.90
\nEvaluated at bid price : 22.14
\nBid-YTW : 5.82 %<\/td>\n<\/tr>\n
MFC.PR.B<\/td>\nInsurance Straight<\/td>\n1.82 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-03-07
\nMaturity Price : 20.74
\nEvaluated at bid price : 20.74
\nBid-YTW : 5.63 %<\/td>\n<\/tr>\n
PWF.PR.L<\/td>\nPerpetual-Discount<\/td>\n2.26 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-03-07
\nMaturity Price : 21.47
\nEvaluated at bid price : 21.73
\nBid-YTW : 5.94 %<\/td>\n<\/tr>\n
IFC.PR.C<\/td>\nFixedReset Ins Non<\/td>\n2.33 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-03-07
\nMaturity Price : 21.60
\nEvaluated at bid price : 22.00
\nBid-YTW : 5.86 %<\/td>\n<\/tr>\n
GWO.PR.G<\/td>\nInsurance Straight<\/td>\n2.57 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-03-07
\nMaturity Price : 22.08
\nEvaluated at bid price : 22.31
\nBid-YTW : 5.83 %<\/td>\n<\/tr>\n
SLF.PR.D<\/td>\nInsurance Straight<\/td>\n2.88 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-03-07
\nMaturity Price : 20.37
\nEvaluated at bid price : 20.37
\nBid-YTW : 5.47 %<\/td>\n<\/tr>\n
GWO.PR.I<\/td>\nInsurance Straight<\/td>\n2.99 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-03-07
\nMaturity Price : 19.99
\nEvaluated at bid price : 19.99
\nBid-YTW : 5.64 %<\/td>\n<\/tr>\n
PWF.PR.P<\/td>\nFixedReset Disc<\/td>\n3.20 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-03-07
\nMaturity Price : 15.80
\nEvaluated at bid price : 15.80
\nBid-YTW : 6.54 %<\/td>\n<\/tr>\n
ENB.PR.B<\/td>\nFixedReset Disc<\/td>\n3.33 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-03-07
\nMaturity Price : 18.60
\nEvaluated at bid price : 18.60
\nBid-YTW : 6.86 %<\/td>\n<\/tr>\n
CCS.PR.C<\/td>\nInsurance Straight<\/td>\n3.37 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-03-07
\nMaturity Price : 21.50
\nEvaluated at bid price : 21.50
\nBid-YTW : 5.83 %<\/td>\n<\/tr>\n
BN.PF.G<\/td>\nFixedReset Disc<\/td>\n16.67 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-03-07
\nMaturity Price : 21.00
\nEvaluated at bid price : 21.00
\nBid-YTW : 6.56 %<\/td>\n<\/tr>\n<\/table>\n\n\n\n\n\n\n\n\n\n\n
Volume Highlights<\/strong><\/td>\n<\/tr>\n
Issue<\/td>\nIndex<\/td>\nShares
Traded<\/td>\n		Notes<\/td>\n<\/tr>\n
PVS.PR.M<\/td>\nSplitShare<\/td>\n135,722<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2031-03-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.11
\nBid-YTW : 5.09 %<\/td>\n<\/tr>\n
FFH.PR.F<\/td>\nFloatingReset<\/td>\n95,200<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2025-04-30
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.29
\nBid-YTW : 3.34 %<\/td>\n<\/tr>\n
CU.PR.I<\/td>\nFixedReset Disc<\/td>\n78,260<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2025-12-01
\nMaturity Price : 25.00
\nEvaluated at bid price : 24.70
\nBid-YTW : 6.31 %<\/td>\n<\/tr>\n
ENB.PF.C<\/td>\nFixedReset Disc<\/td>\n62,700<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-03-07
\nMaturity Price : 19.61
\nEvaluated at bid price : 19.61
\nBid-YTW : 6.87 %<\/td>\n<\/tr>\n
PVS.PR.G<\/td>\nSplitShare<\/td>\n45,010<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2025-04-06
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.01
\nBid-YTW : 4.45 %<\/td>\n<\/tr>\n
ENB.PR.J<\/td>\nFixedReset Disc<\/td>\n21,334<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-03-07
\nMaturity Price : 20.61
\nEvaluated at bid price : 20.61
\nBid-YTW : 6.62 %<\/td>\n<\/tr>\n
There were 12 other index-included issues trading in excess of 10,000 shares.<\/td>\n<\/tr>\n<\/table>\n\n\n\n\n\n\n\n\n\n\n
Wide Spread Highlights<\/strong><\/td>\n<\/tr>\n
See TMX DataLinx: ‘Last’ != ‘Close’<\/a> and the posts linked therein for an idea of why these quotes are so horrible.<\/td>\n<\/tr>\n
Issue<\/td>\nIndex<\/td>\nQuote Data and Yield Notes<\/td>\n<\/tr>\n
CU.PR.F<\/td>\nPerpetual-Discount<\/td>\nQuote: 19.63 – 23.88
\nSpot Rate : 4.2500
\nAverage : 3.1088<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-03-07
\nMaturity Price : 19.63
\nEvaluated at bid price : 19.63
\nBid-YTW : 5.78 %<\/td>\n<\/tr>\n

IFC.PR.K<\/td>\nInsurance Straight<\/td>\nQuote: 21.65 – 24.01
\nSpot Rate : 2.3600
\nAverage : 1.5704<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-03-07
\nMaturity Price : 21.36
\nEvaluated at bid price : 21.65
\nBid-YTW : 6.17 %<\/td>\n<\/tr>\n

MFC.PR.I<\/td>\nFixedReset Ins Non<\/td>\nQuote: 23.80 – 24.95
\nSpot Rate : 1.1500
\nAverage : 0.7147<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-03-07
\nMaturity Price : 22.95
\nEvaluated at bid price : 23.80
\nBid-YTW : 5.83 %<\/td>\n<\/tr>\n

PWF.PR.R<\/td>\nPerpetual-Discount<\/td>\nQuote: 22.51 – 23.51
\nSpot Rate : 1.0000
\nAverage : 0.5790<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-03-07
\nMaturity Price : 22.24
\nEvaluated at bid price : 22.51
\nBid-YTW : 6.19 %<\/td>\n<\/tr>\n

GWO.PR.S<\/td>\nInsurance Straight<\/td>\nQuote: 22.35 – 23.37
\nSpot Rate : 1.0200
\nAverage : 0.6126<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-03-07
\nMaturity Price : 22.06
\nEvaluated at bid price : 22.35
\nBid-YTW : 5.87 %<\/td>\n<\/tr>\n

PWF.PR.E<\/td>\nPerpetual-Discount<\/td>\nQuote: 23.30 – 24.13
\nSpot Rate : 0.8300
\nAverage : 0.4978<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-03-07
\nMaturity Price : 23.03
\nEvaluated at bid price : 23.30
\nBid-YTW : 5.97 %<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

HIMIPref™ Preferred IndicesThese values reflect the December 2008 revision of the HIMIPref™ IndicesValues are provisional and are finalized monthly Index MeanCurrentYield(at bid) MedianYTW MedianAverageTradingValue MedianMod Dur(YTW) Issues Day’s Perf. Index Value Ratchet 0.00 % 0.00 …<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15],"tags":[],"class_list":["post-47733","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/47733","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=47733"}],"version-history":[{"count":1,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/47733\/revisions"}],"predecessor-version":[{"id":47734,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/47733\/revisions\/47734"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=47733"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=47733"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=47733"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}