{"id":47839,"date":"2025-05-20T01:10:39","date_gmt":"2025-05-20T01:10:39","guid":{"rendered":"https:\/\/prefblog.com\/?p=47839"},"modified":"2025-06-20T01:11:04","modified_gmt":"2025-06-20T01:11:04","slug":"may-20-2025","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=47839","title":{"rendered":"May 20, 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>\n0.4385 %<\/td>\n2,173.8<\/td>\n<\/tr>\n
FixedFloater<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.4385 %<\/td>\n4,231.6<\/td>\n<\/tr>\n
Floater<\/td>\n7.09 %<\/td>\n7.40 %<\/td>\n61,916<\/td>\n11.99<\/td>\n3<\/td>\n0.4385 %<\/td>\n2,438.7<\/td>\n<\/tr>\n
OpRet<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.0837 %<\/td>\n3,676.8<\/td>\n<\/tr>\n
SplitShare<\/td>\n4.76 %<\/td>\n4.38 %<\/td>\n76,113<\/td>\n2.58<\/td>\n8<\/td>\n0.0837 %<\/td>\n4,390.8<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.0837 %<\/td>\n3,425.9<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.0571 %<\/td>\n2,913.7<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n5.90 %<\/td>\n6.02 %<\/td>\n50,337<\/td>\n13.86<\/td>\n33<\/td>\n-0.0571 %<\/td>\n3,177.2<\/td>\n<\/tr>\n
FixedReset Disc<\/td>\n5.57 %<\/td>\n6.48 %<\/td>\n114,917<\/td>\n12.89<\/td>\n51<\/td>\n-0.1696 %<\/td>\n2,827.9<\/td>\n<\/tr>\n
Insurance Straight<\/td>\n5.86 %<\/td>\n5.93 %<\/td>\n62,889<\/td>\n13.93<\/td>\n21<\/td>\n-1.0724 %<\/td>\n3,087.1<\/td>\n<\/tr>\n
FloatingReset<\/td>\n5.64 %<\/td>\n5.75 %<\/td>\n32,385<\/td>\n14.20<\/td>\n3<\/td>\n-0.2906 %<\/td>\n3,614.1<\/td>\n<\/tr>\n
FixedReset Prem<\/td>\n6.40 %<\/td>\n5.50 %<\/td>\n121,353<\/td>\n3.43<\/td>\n8<\/td>\n0.0385 %<\/td>\n2,592.8<\/td>\n<\/tr>\n
FixedReset Bank Non<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.1696 %<\/td>\n2,890.7<\/td>\n<\/tr>\n
FixedReset Ins Non<\/td>\n5.26 %<\/td>\n5.83 %<\/td>\n62,948<\/td>\n13.93<\/td>\n14<\/td>\n0.5580 %<\/td>\n2,931.4<\/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
Performance Highlights<\/strong><\/td>\n<\/tr>\n
Issue<\/td>\nIndex<\/td>\nChange<\/td>\nNotes<\/td>\n<\/tr>\n
GWO.PR.T<\/td>\nInsurance Straight<\/td>\n-22.37 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-05-20
\nMaturity Price : 17.00
\nEvaluated at bid price : 17.00
\nBid-YTW : 7.73 %<\/td>\n<\/tr>\n
ENB.PF.K<\/td>\nFixedReset Disc<\/td>\n-5.62 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-05-20
\nMaturity Price : 22.25
\nEvaluated at bid price : 22.66
\nBid-YTW : 6.73 %<\/td>\n<\/tr>\n
BN.PF.E<\/td>\nFixedReset Disc<\/td>\n-5.38 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-05-20
\nMaturity Price : 18.45
\nEvaluated at bid price : 18.45
\nBid-YTW : 7.39 %<\/td>\n<\/tr>\n
BIP.PR.E<\/td>\nFixedReset Disc<\/td>\n-3.89 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-05-20
\nMaturity Price : 22.74
\nEvaluated at bid price : 23.50
\nBid-YTW : 6.50 %<\/td>\n<\/tr>\n
GWO.PR.H<\/td>\nInsurance Straight<\/td>\n-3.34 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-05-20
\nMaturity Price : 20.25
\nEvaluated at bid price : 20.25
\nBid-YTW : 6.09 %<\/td>\n<\/tr>\n
POW.PR.D<\/td>\nPerpetual-Discount<\/td>\n-2.33 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-05-20
\nMaturity Price : 21.00
\nEvaluated at bid price : 21.00
\nBid-YTW : 6.04 %<\/td>\n<\/tr>\n
GWO.PR.S<\/td>\nInsurance Straight<\/td>\n-2.13 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-05-20
\nMaturity Price : 21.78
\nEvaluated at bid price : 22.03
\nBid-YTW : 6.05 %<\/td>\n<\/tr>\n
IFC.PR.I<\/td>\nInsurance Straight<\/td>\n-2.13 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-05-20
\nMaturity Price : 22.60
\nEvaluated at bid price : 23.00
\nBid-YTW : 5.95 %<\/td>\n<\/tr>\n
CU.PR.G<\/td>\nPerpetual-Discount<\/td>\n-1.86 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-05-20
\nMaturity Price : 18.99
\nEvaluated at bid price : 18.99
\nBid-YTW : 5.95 %<\/td>\n<\/tr>\n
BN.PF.C<\/td>\nPerpetual-Discount<\/td>\n-1.40 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-05-20
\nMaturity Price : 19.72
\nEvaluated at bid price : 19.72
\nBid-YTW : 6.26 %<\/td>\n<\/tr>\n
POW.PR.C<\/td>\nPerpetual-Discount<\/td>\n-1.39 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-05-20
\nMaturity Price : 23.95
\nEvaluated at bid price : 24.20
\nBid-YTW : 6.07 %<\/td>\n<\/tr>\n
GWO.PR.M<\/td>\nInsurance Straight<\/td>\n-1.22 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-05-20
\nMaturity Price : 23.95
\nEvaluated at bid price : 24.20
\nBid-YTW : 6.08 %<\/td>\n<\/tr>\n
CU.PR.E<\/td>\nPerpetual-Discount<\/td>\n-1.02 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-05-20
\nMaturity Price : 20.45
\nEvaluated at bid price : 20.45
\nBid-YTW : 6.02 %<\/td>\n<\/tr>\n
BN.PR.K<\/td>\nFloater<\/td>\n1.19 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-05-20
\nMaturity Price : 11.94
\nEvaluated at bid price : 11.94
\nBid-YTW : 7.40 %<\/td>\n<\/tr>\n
ENB.PR.H<\/td>\nFixedReset Disc<\/td>\n1.20 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-05-20
\nMaturity Price : 20.24
\nEvaluated at bid price : 20.24
\nBid-YTW : 6.51 %<\/td>\n<\/tr>\n
NA.PR.S<\/td>\nFixedReset Disc<\/td>\n1.21 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-05-20
\nMaturity Price : 23.25
\nEvaluated at bid price : 25.00
\nBid-YTW : 5.45 %<\/td>\n<\/tr>\n
IFC.PR.G<\/td>\nFixedReset Ins Non<\/td>\n1.43 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-05-20
\nMaturity Price : 23.27
\nEvaluated at bid price : 24.75
\nBid-YTW : 5.62 %<\/td>\n<\/tr>\n
GWO.PR.I<\/td>\nInsurance Straight<\/td>\n1.49 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-05-20
\nMaturity Price : 19.10
\nEvaluated at bid price : 19.10
\nBid-YTW : 5.99 %<\/td>\n<\/tr>\n
MFC.PR.C<\/td>\nInsurance Straight<\/td>\n1.55 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-05-20
\nMaturity Price : 20.31
\nEvaluated at bid price : 20.31
\nBid-YTW : 5.64 %<\/td>\n<\/tr>\n
GWO.PR.Y<\/td>\nInsurance Straight<\/td>\n3.19 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-05-20
\nMaturity Price : 19.40
\nEvaluated at bid price : 19.40
\nBid-YTW : 5.90 %<\/td>\n<\/tr>\n
SLF.PR.H<\/td>\nFixedReset Ins Non<\/td>\n3.90 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-05-20
\nMaturity Price : 20.00
\nEvaluated at bid price : 20.00
\nBid-YTW : 6.15 %<\/td>\n<\/tr>\n
IFC.PR.E<\/td>\nInsurance Straight<\/td>\n5.29 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-05-20
\nMaturity Price : 22.88
\nEvaluated at bid price : 23.27
\nBid-YTW : 5.66 %<\/td>\n<\/tr>\n
ENB.PF.G<\/td>\nFixedReset Disc<\/td>\n6.72 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-05-20
\nMaturity Price : 19.37
\nEvaluated at bid price : 19.37
\nBid-YTW : 7.15 %<\/td>\n<\/tr>\n
CU.PR.J<\/td>\nPerpetual-Discount<\/td>\n8.47 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-05-20
\nMaturity Price : 19.09
\nEvaluated at bid price : 19.09
\nBid-YTW : 6.25 %<\/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
FFH.PR.G<\/td>\nFixedReset Disc<\/td>\n41,700<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-05-20
\nMaturity Price : 23.37
\nEvaluated at bid price : 24.22
\nBid-YTW : 5.57 %<\/td>\n<\/tr>\n
ENB.PF.K<\/td>\nFixedReset Disc<\/td>\n35,700<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-05-20
\nMaturity Price : 22.25
\nEvaluated at bid price : 22.66
\nBid-YTW : 6.73 %<\/td>\n<\/tr>\n
MFC.PR.M<\/td>\nFixedReset Ins Non<\/td>\n32,200<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-05-20
\nMaturity Price : 22.40
\nEvaluated at bid price : 23.18
\nBid-YTW : 5.81 %<\/td>\n<\/tr>\n
GWO.PR.Y<\/td>\nInsurance Straight<\/td>\n27,300<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-05-20
\nMaturity Price : 19.40
\nEvaluated at bid price : 19.40
\nBid-YTW : 5.90 %<\/td>\n<\/tr>\n
RY.PR.M<\/td>\nFixedReset Disc<\/td>\n26,900<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-05-20
\nMaturity Price : 24.01
\nEvaluated at bid price : 24.65
\nBid-YTW : 5.49 %<\/td>\n<\/tr>\n
MFC.PR.B<\/td>\nInsurance Straight<\/td>\n26,000<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-05-20
\nMaturity Price : 20.65
\nEvaluated at bid price : 20.65
\nBid-YTW : 5.74 %<\/td>\n<\/tr>\n
There were 11 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
GWO.PR.T<\/td>\nInsurance Straight<\/td>\nQuote: 17.00 – 22.00
\nSpot Rate : 5.0000
\nAverage : 2.8090<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-05-20
\nMaturity Price : 17.00
\nEvaluated at bid price : 17.00
\nBid-YTW : 7.73 %<\/td>\n<\/tr>\n

BN.PF.E<\/td>\nFixedReset Disc<\/td>\nQuote: 18.45 – 20.99
\nSpot Rate : 2.5400
\nAverage : 1.6966<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-05-20
\nMaturity Price : 18.45
\nEvaluated at bid price : 18.45
\nBid-YTW : 7.39 %<\/td>\n<\/tr>\n

ENB.PF.K<\/td>\nFixedReset Disc<\/td>\nQuote: 22.66 – 23.80
\nSpot Rate : 1.1400
\nAverage : 0.7332<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-05-20
\nMaturity Price : 22.25
\nEvaluated at bid price : 22.66
\nBid-YTW : 6.73 %<\/td>\n<\/tr>\n

TD.PF.A<\/td>\nFixedReset Disc<\/td>\nQuote: 23.70 – 24.80
\nSpot Rate : 1.1000
\nAverage : 0.7353<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-05-20
\nMaturity Price : 22.68
\nEvaluated at bid price : 23.70
\nBid-YTW : 5.35 %<\/td>\n<\/tr>\n

GWO.PR.Y<\/td>\nInsurance Straight<\/td>\nQuote: 19.40 – 21.00
\nSpot Rate : 1.6000
\nAverage : 1.2845<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-05-20
\nMaturity Price : 19.40
\nEvaluated at bid price : 19.40
\nBid-YTW : 5.90 %<\/td>\n<\/tr>\n

BIP.PR.E<\/td>\nFixedReset Disc<\/td>\nQuote: 23.50 – 24.45
\nSpot Rate : 0.9500
\nAverage : 0.6423<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-05-20
\nMaturity Price : 22.74
\nEvaluated at bid price : 23.50
\nBid-YTW : 6.50 %<\/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-47839","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/47839","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=47839"}],"version-history":[{"count":1,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/47839\/revisions"}],"predecessor-version":[{"id":47840,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/47839\/revisions\/47840"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=47839"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=47839"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=47839"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}