{"id":47809,"date":"2025-04-29T15:46:00","date_gmt":"2025-04-29T15:46:00","guid":{"rendered":"https:\/\/prefblog.com\/?p=47809"},"modified":"2025-06-19T15:46:33","modified_gmt":"2025-06-19T15:46:33","slug":"april-29-2025","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=47809","title":{"rendered":"April 29, 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>\n0.5158 %<\/td>\n2,080.7<\/td>\n<\/tr>\n
FixedFloater<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.5158 %<\/td>\n4,050.3<\/td>\n<\/tr>\n
Floater<\/td>\n7.41 %<\/td>\n8.00 %<\/td>\n68,699<\/td>\n11.37<\/td>\n3<\/td>\n0.5158 %<\/td>\n2,334.2<\/td>\n<\/tr>\n
OpRet<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.0050 %<\/td>\n3,638.1<\/td>\n<\/tr>\n
SplitShare<\/td>\n4.81 %<\/td>\n4.78 %<\/td>\n65,068<\/td>\n1.73<\/td>\n8<\/td>\n0.0050 %<\/td>\n4,344.6<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.0050 %<\/td>\n3,389.9<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.1381 %<\/td>\n2,849.1<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n6.03 %<\/td>\n6.16 %<\/td>\n54,597<\/td>\n13.67<\/td>\n33<\/td>\n-0.1381 %<\/td>\n3,106.8<\/td>\n<\/tr>\n
FixedReset Disc<\/td>\n5.75 %<\/td>\n6.64 %<\/td>\n121,600<\/td>\n12.63<\/td>\n49<\/td>\n0.1575 %<\/td>\n2,731.1<\/td>\n<\/tr>\n
Insurance Straight<\/td>\n5.96 %<\/td>\n6.06 %<\/td>\n71,613<\/td>\n13.80<\/td>\n21<\/td>\n-0.4791 %<\/td>\n3,038.6<\/td>\n<\/tr>\n
FloatingReset<\/td>\n5.92 %<\/td>\n5.97 %<\/td>\n38,056<\/td>\n13.89<\/td>\n3<\/td>\n0.1757 %<\/td>\n3,477.1<\/td>\n<\/tr>\n
FixedReset Prem<\/td>\n6.42 %<\/td>\n5.46 %<\/td>\n143,233<\/td>\n13.93<\/td>\n10<\/td>\n0.1260 %<\/td>\n2,550.1<\/td>\n<\/tr>\n
FixedReset Bank Non<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.1575 %<\/td>\n2,791.7<\/td>\n<\/tr>\n
FixedReset Ins Non<\/td>\n5.78 %<\/td>\n6.19 %<\/td>\n68,175<\/td>\n13.41<\/td>\n12<\/td>\n-0.6567 %<\/td>\n2,722.5<\/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
Performance Highlights<\/strong><\/td>\n<\/tr>\n
Issue<\/td>\nIndex<\/td>\nChange<\/td>\nNotes<\/td>\n<\/tr>\n
IFC.PR.A<\/td>\nFixedReset Ins Non<\/td>\n-10.46 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-04-29
\nMaturity Price : 16.61
\nEvaluated at bid price : 16.61
\nBid-YTW : 7.00 %<\/td>\n<\/tr>\n
SLF.PR.E<\/td>\nInsurance Straight<\/td>\n-3.43 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-04-29
\nMaturity Price : 19.17
\nEvaluated at bid price : 19.17
\nBid-YTW : 5.94 %<\/td>\n<\/tr>\n
MFC.PR.C<\/td>\nInsurance Straight<\/td>\n-2.61 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-04-29
\nMaturity Price : 19.05
\nEvaluated at bid price : 19.05
\nBid-YTW : 6.00 %<\/td>\n<\/tr>\n
BN.PF.I<\/td>\nFixedReset Disc<\/td>\n-2.12 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-04-29
\nMaturity Price : 22.75
\nEvaluated at bid price : 23.10
\nBid-YTW : 7.08 %<\/td>\n<\/tr>\n
MFC.PR.I<\/td>\nFixedReset Ins Non<\/td>\n-1.68 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-04-29
\nMaturity Price : 22.76
\nEvaluated at bid price : 23.40
\nBid-YTW : 6.17 %<\/td>\n<\/tr>\n
BN.PF.D<\/td>\nPerpetual-Discount<\/td>\n-1.65 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-04-29
\nMaturity Price : 19.05
\nEvaluated at bid price : 19.05
\nBid-YTW : 6.52 %<\/td>\n<\/tr>\n
MFC.PR.B<\/td>\nInsurance Straight<\/td>\n-1.50 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-04-29
\nMaturity Price : 19.75
\nEvaluated at bid price : 19.75
\nBid-YTW : 5.98 %<\/td>\n<\/tr>\n
CCS.PR.C<\/td>\nInsurance Straight<\/td>\n-1.41 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-04-29
\nMaturity Price : 20.95
\nEvaluated at bid price : 20.95
\nBid-YTW : 6.04 %<\/td>\n<\/tr>\n
SLF.PR.C<\/td>\nInsurance Straight<\/td>\n-1.26 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-04-29
\nMaturity Price : 19.55
\nEvaluated at bid price : 19.55
\nBid-YTW : 5.76 %<\/td>\n<\/tr>\n
SLF.PR.D<\/td>\nInsurance Straight<\/td>\n-1.23 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-04-29
\nMaturity Price : 19.35
\nEvaluated at bid price : 19.35
\nBid-YTW : 5.82 %<\/td>\n<\/tr>\n
ENB.PF.K<\/td>\nFixedReset Disc<\/td>\n-1.02 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-04-29
\nMaturity Price : 22.66
\nEvaluated at bid price : 23.34
\nBid-YTW : 6.55 %<\/td>\n<\/tr>\n
CU.PR.G<\/td>\nPerpetual-Discount<\/td>\n1.06 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-04-29
\nMaturity Price : 19.10
\nEvaluated at bid price : 19.10
\nBid-YTW : 6.00 %<\/td>\n<\/tr>\n
BMO.PR.E<\/td>\nFixedReset Prem<\/td>\n1.21 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-04-29
\nMaturity Price : 23.57
\nEvaluated at bid price : 25.88
\nBid-YTW : 5.46 %<\/td>\n<\/tr>\n
BN.PF.E<\/td>\nFixedReset Disc<\/td>\n1.36 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-04-29
\nMaturity Price : 18.70
\nEvaluated at bid price : 18.70
\nBid-YTW : 7.19 %<\/td>\n<\/tr>\n
IFC.PR.G<\/td>\nFixedReset Ins Non<\/td>\n1.53 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-04-29
\nMaturity Price : 22.57
\nEvaluated at bid price : 23.25
\nBid-YTW : 5.94 %<\/td>\n<\/tr>\n
PWF.PR.A<\/td>\nFloater<\/td>\n1.71 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-04-29
\nMaturity Price : 13.07
\nEvaluated at bid price : 13.07
\nBid-YTW : 6.66 %<\/td>\n<\/tr>\n
IFC.PR.K<\/td>\nInsurance Straight<\/td>\n2.44 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-04-29
\nMaturity Price : 21.50
\nEvaluated at bid price : 21.84
\nBid-YTW : 6.07 %<\/td>\n<\/tr>\n
BN.PF.J<\/td>\nFixedReset Disc<\/td>\n3.74 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-04-29
\nMaturity Price : 22.82
\nEvaluated at bid price : 23.60
\nBid-YTW : 6.36 %<\/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
FTS.PR.M<\/td>\nFixedReset Disc<\/td>\n153,600<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-04-29
\nMaturity Price : 20.53
\nEvaluated at bid price : 20.53
\nBid-YTW : 6.64 %<\/td>\n<\/tr>\n
PWF.PR.P<\/td>\nFixedReset Disc<\/td>\n112,300<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-04-29
\nMaturity Price : 14.95
\nEvaluated at bid price : 14.95
\nBid-YTW : 7.18 %<\/td>\n<\/tr>\n
ENB.PR.N<\/td>\nFixedReset Disc<\/td>\n103,923<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-04-29
\nMaturity Price : 21.30
\nEvaluated at bid price : 21.30
\nBid-YTW : 6.92 %<\/td>\n<\/tr>\n
CU.PR.H<\/td>\nPerpetual-Discount<\/td>\n78,500<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-04-29
\nMaturity Price : 22.22
\nEvaluated at bid price : 22.50
\nBid-YTW : 5.93 %<\/td>\n<\/tr>\n
NA.PR.E<\/td>\nFixedReset Disc<\/td>\n66,976<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-04-29
\nMaturity Price : 23.27
\nEvaluated at bid price : 24.72
\nBid-YTW : 5.46 %<\/td>\n<\/tr>\n
RY.PR.J<\/td>\nFixedReset Disc<\/td>\n58,900<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2025-06-23
\nMaturity Price : 25.00
\nEvaluated at bid price : 24.94
\nBid-YTW : 4.66 %<\/td>\n<\/tr>\n
There were 18 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
POW.PR.B<\/td>\nPerpetual-Discount<\/td>\nQuote: 22.03 – 25.00
\nSpot Rate : 2.9700
\nAverage : 1.7510<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-04-29
\nMaturity Price : 21.78
\nEvaluated at bid price : 22.03
\nBid-YTW : 6.12 %<\/td>\n<\/tr>\n

MFC.PR.L<\/td>\nFixedReset Ins Non<\/td>\nQuote: 21.12 – 23.79
\nSpot Rate : 2.6700
\nAverage : 1.6962<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-04-29
\nMaturity Price : 21.12
\nEvaluated at bid price : 21.12
\nBid-YTW : 6.23 %<\/td>\n<\/tr>\n

IFC.PR.A<\/td>\nFixedReset Ins Non<\/td>\nQuote: 16.61 – 19.15
\nSpot Rate : 2.5400
\nAverage : 1.6069<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-04-29
\nMaturity Price : 16.61
\nEvaluated at bid price : 16.61
\nBid-YTW : 7.00 %<\/td>\n<\/tr>\n

MFC.PR.M<\/td>\nFixedReset Ins Non<\/td>\nQuote: 21.60 – 25.00
\nSpot Rate : 3.4000
\nAverage : 2.9119<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-04-29
\nMaturity Price : 21.32
\nEvaluated at bid price : 21.60
\nBid-YTW : 6.19 %<\/td>\n<\/tr>\n

CU.PR.F<\/td>\nPerpetual-Discount<\/td>\nQuote: 18.95 – 23.88
\nSpot Rate : 4.9300
\nAverage : 4.4920<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-04-29
\nMaturity Price : 18.95
\nEvaluated at bid price : 18.95
\nBid-YTW : 6.05 %<\/td>\n<\/tr>\n

MFC.PR.K<\/td>\nFixedReset Ins Non<\/td>\nQuote: 23.40 – 24.09
\nSpot Rate : 0.6900
\nAverage : 0.4725<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-04-29
\nMaturity Price : 22.62
\nEvaluated at bid price : 23.40
\nBid-YTW : 5.72 %<\/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-47809","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/47809","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=47809"}],"version-history":[{"count":1,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/47809\/revisions"}],"predecessor-version":[{"id":47810,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/47809\/revisions\/47810"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=47809"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=47809"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=47809"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}