{"id":47817,"date":"2025-05-02T01:00:00","date_gmt":"2025-05-02T01:00:00","guid":{"rendered":"https:\/\/prefblog.com\/?p=47817"},"modified":"2025-06-20T01:01:11","modified_gmt":"2025-06-20T01:01:11","slug":"may-2-2025","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=47817","title":{"rendered":"May 2, 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>\n1.2342 %<\/td>\n2,091.9<\/td>\n<\/tr>\n
FixedFloater<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n1.2342 %<\/td>\n4,072.3<\/td>\n<\/tr>\n
Floater<\/td>\n7.37 %<\/td>\n7.86 %<\/td>\n69,922<\/td>\n11.51<\/td>\n3<\/td>\n1.2342 %<\/td>\n2,346.9<\/td>\n<\/tr>\n
OpRet<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.0149 %<\/td>\n3,647.5<\/td>\n<\/tr>\n
SplitShare<\/td>\n4.80 %<\/td>\n4.91 %<\/td>\n83,708<\/td>\n2.63<\/td>\n8<\/td>\n-0.0149 %<\/td>\n4,355.9<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.0149 %<\/td>\n3,398.6<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.5108 %<\/td>\n2,855.3<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n6.02 %<\/td>\n6.11 %<\/td>\n51,307<\/td>\n13.75<\/td>\n33<\/td>\n-0.5108 %<\/td>\n3,113.6<\/td>\n<\/tr>\n
FixedReset Disc<\/td>\n5.69 %<\/td>\n6.56 %<\/td>\n115,410<\/td>\n12.59<\/td>\n49<\/td>\n0.3071 %<\/td>\n2,761.9<\/td>\n<\/tr>\n
Insurance Straight<\/td>\n5.90 %<\/td>\n6.01 %<\/td>\n70,005<\/td>\n13.83<\/td>\n21<\/td>\n0.2435 %<\/td>\n3,067.7<\/td>\n<\/tr>\n
FloatingReset<\/td>\n5.89 %<\/td>\n5.92 %<\/td>\n33,816<\/td>\n13.95<\/td>\n3<\/td>\n0.5582 %<\/td>\n3,495.4<\/td>\n<\/tr>\n
FixedReset Prem<\/td>\n6.38 %<\/td>\n5.46 %<\/td>\n139,202<\/td>\n3.46<\/td>\n10<\/td>\n0.0430 %<\/td>\n2,566.0<\/td>\n<\/tr>\n
FixedReset Bank Non<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.3071 %<\/td>\n2,823.2<\/td>\n<\/tr>\n
FixedReset Ins Non<\/td>\n5.60 %<\/td>\n6.02 %<\/td>\n66,920<\/td>\n13.75<\/td>\n12<\/td>\n0.5349 %<\/td>\n2,811.4<\/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\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
CU.PR.F<\/td>\nPerpetual-Discount<\/td>\n-16.96 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-05-02
\nMaturity Price : 19.00
\nEvaluated at bid price : 19.00
\nBid-YTW : 5.93 %<\/td>\n<\/tr>\n
MFC.PR.M<\/td>\nFixedReset Ins Non<\/td>\n-2.80 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-05-02
\nMaturity Price : 21.50
\nEvaluated at bid price : 21.50
\nBid-YTW : 6.23 %<\/td>\n<\/tr>\n
ENB.PR.H<\/td>\nFixedReset Disc<\/td>\n-2.53 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-05-02
\nMaturity Price : 19.25
\nEvaluated at bid price : 19.25
\nBid-YTW : 6.91 %<\/td>\n<\/tr>\n
IFC.PR.K<\/td>\nInsurance Straight<\/td>\n-2.12 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-05-02
\nMaturity Price : 21.40
\nEvaluated at bid price : 21.70
\nBid-YTW : 6.12 %<\/td>\n<\/tr>\n
CU.PR.C<\/td>\nFixedReset Disc<\/td>\n-1.73 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-05-02
\nMaturity Price : 19.85
\nEvaluated at bid price : 19.85
\nBid-YTW : 6.56 %<\/td>\n<\/tr>\n
IFC.PR.E<\/td>\nInsurance Straight<\/td>\n-1.56 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-05-02
\nMaturity Price : 21.75
\nEvaluated at bid price : 22.10
\nBid-YTW : 5.94 %<\/td>\n<\/tr>\n
MFC.PR.F<\/td>\nFixedReset Ins Non<\/td>\n-1.28 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-05-02
\nMaturity Price : 15.40
\nEvaluated at bid price : 15.40
\nBid-YTW : 6.67 %<\/td>\n<\/tr>\n
PWF.PR.O<\/td>\nPerpetual-Discount<\/td>\n-1.18 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-05-02
\nMaturity Price : 23.22
\nEvaluated at bid price : 23.52
\nBid-YTW : 6.20 %<\/td>\n<\/tr>\n
GWO.PR.H<\/td>\nInsurance Straight<\/td>\n-1.12 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-05-02
\nMaturity Price : 20.27
\nEvaluated at bid price : 20.27
\nBid-YTW : 6.06 %<\/td>\n<\/tr>\n
PWF.PR.E<\/td>\nPerpetual-Discount<\/td>\n-1.09 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-05-02
\nMaturity Price : 22.39
\nEvaluated at bid price : 22.65
\nBid-YTW : 6.11 %<\/td>\n<\/tr>\n
BIP.PR.F<\/td>\nFixedReset Disc<\/td>\n-1.09 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-05-02
\nMaturity Price : 22.19
\nEvaluated at bid price : 22.70
\nBid-YTW : 6.57 %<\/td>\n<\/tr>\n
BN.PF.E<\/td>\nFixedReset Disc<\/td>\n-1.07 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-05-02
\nMaturity Price : 18.50
\nEvaluated at bid price : 18.50
\nBid-YTW : 7.27 %<\/td>\n<\/tr>\n
CU.PR.H<\/td>\nPerpetual-Discount<\/td>\n1.00 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-05-02
\nMaturity Price : 21.97
\nEvaluated at bid price : 22.20
\nBid-YTW : 5.91 %<\/td>\n<\/tr>\n
ENB.PF.E<\/td>\nFixedReset Disc<\/td>\n1.02 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-05-02
\nMaturity Price : 18.74
\nEvaluated at bid price : 18.74
\nBid-YTW : 7.39 %<\/td>\n<\/tr>\n
BN.PF.D<\/td>\nPerpetual-Discount<\/td>\n1.04 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-05-02
\nMaturity Price : 19.50
\nEvaluated at bid price : 19.50
\nBid-YTW : 6.37 %<\/td>\n<\/tr>\n
SLF.PR.D<\/td>\nInsurance Straight<\/td>\n1.18 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-05-02
\nMaturity Price : 19.70
\nEvaluated at bid price : 19.70
\nBid-YTW : 5.72 %<\/td>\n<\/tr>\n
MFC.PR.B<\/td>\nInsurance Straight<\/td>\n1.21 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-05-02
\nMaturity Price : 20.04
\nEvaluated at bid price : 20.04
\nBid-YTW : 5.89 %<\/td>\n<\/tr>\n
ELF.PR.F<\/td>\nPerpetual-Discount<\/td>\n1.34 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-05-02
\nMaturity Price : 21.75
\nEvaluated at bid price : 22.00
\nBid-YTW : 6.07 %<\/td>\n<\/tr>\n
PWF.PR.P<\/td>\nFixedReset Disc<\/td>\n1.34 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-05-02
\nMaturity Price : 15.10
\nEvaluated at bid price : 15.10
\nBid-YTW : 7.12 %<\/td>\n<\/tr>\n
PWF.PR.K<\/td>\nPerpetual-Discount<\/td>\n1.43 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-05-02
\nMaturity Price : 20.50
\nEvaluated at bid price : 20.50
\nBid-YTW : 6.08 %<\/td>\n<\/tr>\n
FTS.PR.J<\/td>\nPerpetual-Discount<\/td>\n1.48 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-05-02
\nMaturity Price : 20.60
\nEvaluated at bid price : 20.60
\nBid-YTW : 5.88 %<\/td>\n<\/tr>\n
GWO.PR.G<\/td>\nInsurance Straight<\/td>\n1.63 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-05-02
\nMaturity Price : 21.59
\nEvaluated at bid price : 21.85
\nBid-YTW : 6.02 %<\/td>\n<\/tr>\n
IFC.PR.G<\/td>\nFixedReset Ins Non<\/td>\n1.69 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-05-02
\nMaturity Price : 22.95
\nEvaluated at bid price : 24.00
\nBid-YTW : 5.73 %<\/td>\n<\/tr>\n
MFC.PR.Q<\/td>\nFixedReset Ins Non<\/td>\n1.94 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-05-02
\nMaturity Price : 22.81
\nEvaluated at bid price : 23.70
\nBid-YTW : 5.82 %<\/td>\n<\/tr>\n
ENB.PR.D<\/td>\nFixedReset Disc<\/td>\n1.94 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-05-02
\nMaturity Price : 18.39
\nEvaluated at bid price : 18.39
\nBid-YTW : 7.26 %<\/td>\n<\/tr>\n
BIP.PR.E<\/td>\nFixedReset Disc<\/td>\n2.17 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-05-02
\nMaturity Price : 22.74
\nEvaluated at bid price : 23.50
\nBid-YTW : 6.41 %<\/td>\n<\/tr>\n
BN.PF.F<\/td>\nFixedReset Disc<\/td>\n3.03 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-05-02
\nMaturity Price : 20.76
\nEvaluated at bid price : 20.76
\nBid-YTW : 6.99 %<\/td>\n<\/tr>\n
BN.PR.K<\/td>\nFloater<\/td>\n3.13 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-05-02
\nMaturity Price : 11.21
\nEvaluated at bid price : 11.21
\nBid-YTW : 7.86 %<\/td>\n<\/tr>\n
BN.PF.J<\/td>\nFixedReset Disc<\/td>\n3.74 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-05-02
\nMaturity Price : 22.83
\nEvaluated at bid price : 23.60
\nBid-YTW : 6.37 %<\/td>\n<\/tr>\n
SLF.PR.E<\/td>\nInsurance Straight<\/td>\n4.09 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-05-02
\nMaturity Price : 20.10
\nEvaluated at bid price : 20.10
\nBid-YTW : 5.67 %<\/td>\n<\/tr>\n
IFC.PR.A<\/td>\nFixedReset Ins Non<\/td>\n4.67 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-05-02
\nMaturity Price : 19.26
\nEvaluated at bid price : 19.26
\nBid-YTW : 6.02 %<\/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
CM.PR.Q<\/td>\nFixedReset Disc<\/td>\n53,902<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-05-02
\nMaturity Price : 23.79
\nEvaluated at bid price : 24.67
\nBid-YTW : 5.62 %<\/td>\n<\/tr>\n
POW.PR.B<\/td>\nPerpetual-Discount<\/td>\n25,200<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-05-02
\nMaturity Price : 21.98
\nEvaluated at bid price : 22.21
\nBid-YTW : 6.08 %<\/td>\n<\/tr>\n
ENB.PR.N<\/td>\nFixedReset Disc<\/td>\n15,955<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-05-02
\nMaturity Price : 21.42
\nEvaluated at bid price : 21.42
\nBid-YTW : 6.88 %<\/td>\n<\/tr>\n
PVS.PR.M<\/td>\nSplitShare<\/td>\n12,502<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2031-03-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.31
\nBid-YTW : 5.08 %<\/td>\n<\/tr>\n
FFH.PR.G<\/td>\nFixedReset Disc<\/td>\n11,002<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-05-02
\nMaturity Price : 22.45
\nEvaluated at bid price : 23.35
\nBid-YTW : 5.67 %<\/td>\n<\/tr>\n
GWO.PR.M<\/td>\nInsurance Straight<\/td>\n10,700<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-05-02
\nMaturity Price : 23.69
\nEvaluated at bid price : 24.00
\nBid-YTW : 6.11 %<\/td>\n<\/tr>\n
There were 2 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: 19.00 – 23.88
\nSpot Rate : 4.8800
\nAverage : 3.8902<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-05-02
\nMaturity Price : 19.00
\nEvaluated at bid price : 19.00
\nBid-YTW : 5.93 %<\/td>\n<\/tr>\n

BN.PF.E<\/td>\nFixedReset Disc<\/td>\nQuote: 18.50 – 20.99
\nSpot Rate : 2.4900
\nAverage : 1.5402<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-05-02
\nMaturity Price : 18.50
\nEvaluated at bid price : 18.50
\nBid-YTW : 7.27 %<\/td>\n<\/tr>\n

SLF.PR.G<\/td>\nFixedReset Ins Non<\/td>\nQuote: 16.20 – 18.60
\nSpot Rate : 2.4000
\nAverage : 1.5517<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-05-02
\nMaturity Price : 16.20
\nEvaluated at bid price : 16.20
\nBid-YTW : 6.52 %<\/td>\n<\/tr>\n

IFC.PR.F<\/td>\nInsurance Straight<\/td>\nQuote: 21.95 – 24.00
\nSpot Rate : 2.0500
\nAverage : 1.3466<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-05-02
\nMaturity Price : 21.58
\nEvaluated at bid price : 21.95
\nBid-YTW : 6.10 %<\/td>\n<\/tr>\n

CU.PR.C<\/td>\nFixedReset Disc<\/td>\nQuote: 19.85 – 22.11
\nSpot Rate : 2.2600
\nAverage : 1.5868<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-05-02
\nMaturity Price : 19.85
\nEvaluated at bid price : 19.85
\nBid-YTW : 6.56 %<\/td>\n<\/tr>\n

BN.PR.R<\/td>\nFixedReset Disc<\/td>\nQuote: 17.12 – 18.90
\nSpot Rate : 1.7800
\nAverage : 1.1143<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-05-02
\nMaturity Price : 17.12
\nEvaluated at bid price : 17.12
\nBid-YTW : 7.30 %<\/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-47817","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/47817","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=47817"}],"version-history":[{"count":1,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/47817\/revisions"}],"predecessor-version":[{"id":47818,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/47817\/revisions\/47818"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=47817"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=47817"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=47817"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}