{"id":47852,"date":"2025-05-28T01:15:29","date_gmt":"2025-05-28T01:15:29","guid":{"rendered":"https:\/\/prefblog.com\/?p=47852"},"modified":"2025-06-20T01:15:51","modified_gmt":"2025-06-20T01:15:51","slug":"may-28-2025","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=47852","title":{"rendered":"May 28, 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>\n0.1366 %<\/td>\n2,173.8<\/td>\n<\/tr>\n
FixedFloater<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.1366 %<\/td>\n4,231.6<\/td>\n<\/tr>\n
Floater<\/td>\n7.09 %<\/td>\n7.51 %<\/td>\n58,507<\/td>\n11.86<\/td>\n3<\/td>\n0.1366 %<\/td>\n2,438.7<\/td>\n<\/tr>\n
OpRet<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.0694 %<\/td>\n3,648.9<\/td>\n<\/tr>\n
SplitShare<\/td>\n4.79 %<\/td>\n4.07 %<\/td>\n84,017<\/td>\n2.59<\/td>\n8<\/td>\n0.0694 %<\/td>\n4,357.6<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.0694 %<\/td>\n3,400.0<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.2609 %<\/td>\n2,918.6<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n5.89 %<\/td>\n6.03 %<\/td>\n50,508<\/td>\n13.85<\/td>\n33<\/td>\n0.2609 %<\/td>\n3,182.6<\/td>\n<\/tr>\n
FixedReset Disc<\/td>\n5.56 %<\/td>\n6.27 %<\/td>\n122,603<\/td>\n12.80<\/td>\n50<\/td>\n0.2820 %<\/td>\n2,860.8<\/td>\n<\/tr>\n
Insurance Straight<\/td>\n5.83 %<\/td>\n5.95 %<\/td>\n59,778<\/td>\n13.91<\/td>\n21<\/td>\n-0.4886 %<\/td>\n3,105.5<\/td>\n<\/tr>\n
FloatingReset<\/td>\n5.56 %<\/td>\n5.70 %<\/td>\n36,530<\/td>\n14.28<\/td>\n3<\/td>\n0.7628 %<\/td>\n3,661.8<\/td>\n<\/tr>\n
FixedReset Prem<\/td>\n6.37 %<\/td>\n5.28 %<\/td>\n117,142<\/td>\n3.35<\/td>\n8<\/td>\n0.0239 %<\/td>\n2,604.6<\/td>\n<\/tr>\n
FixedReset Bank Non<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.2820 %<\/td>\n2,924.3<\/td>\n<\/tr>\n
FixedReset Ins Non<\/td>\n5.24 %<\/td>\n5.78 %<\/td>\n60,685<\/td>\n14.04<\/td>\n14<\/td>\n0.8270 %<\/td>\n2,939.9<\/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
Performance Highlights<\/strong><\/td>\n<\/tr>\n
Issue<\/td>\nIndex<\/td>\nChange<\/td>\nNotes<\/td>\n<\/tr>\n
SLF.PR.E<\/td>\nInsurance Straight<\/td>\n-7.15 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-05-28
\nMaturity Price : 18.65
\nEvaluated at bid price : 18.65
\nBid-YTW : 6.04 %<\/td>\n<\/tr>\n
IFC.PR.F<\/td>\nInsurance Straight<\/td>\n-4.68 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-05-28
\nMaturity Price : 21.63
\nEvaluated at bid price : 22.00
\nBid-YTW : 6.12 %<\/td>\n<\/tr>\n
CCS.PR.C<\/td>\nInsurance Straight<\/td>\n-3.18 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-05-28
\nMaturity Price : 21.30
\nEvaluated at bid price : 21.30
\nBid-YTW : 5.98 %<\/td>\n<\/tr>\n
GWO.PR.H<\/td>\nInsurance Straight<\/td>\n-1.79 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-05-28
\nMaturity Price : 20.35
\nEvaluated at bid price : 20.35
\nBid-YTW : 6.07 %<\/td>\n<\/tr>\n
BIP.PR.F<\/td>\nFixedReset Disc<\/td>\n-1.47 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-05-28
\nMaturity Price : 22.96
\nEvaluated at bid price : 24.15
\nBid-YTW : 6.26 %<\/td>\n<\/tr>\n
ENB.PR.F<\/td>\nFixedReset Disc<\/td>\n1.04 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-05-28
\nMaturity Price : 19.45
\nEvaluated at bid price : 19.45
\nBid-YTW : 7.05 %<\/td>\n<\/tr>\n
BIP.PR.B<\/td>\nFixedReset Disc<\/td>\n1.04 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2025-12-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.26
\nBid-YTW : 5.22 %<\/td>\n<\/tr>\n
MFC.PR.F<\/td>\nFixedReset Ins Non<\/td>\n1.16 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-05-28
\nMaturity Price : 16.60
\nEvaluated at bid price : 16.60
\nBid-YTW : 6.31 %<\/td>\n<\/tr>\n
BIP.PR.A<\/td>\nFixedReset Disc<\/td>\n1.25 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2025-06-30
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.17
\nBid-YTW : 3.47 %<\/td>\n<\/tr>\n
GWO.PR.Y<\/td>\nInsurance Straight<\/td>\n1.29 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-05-28
\nMaturity Price : 19.65
\nEvaluated at bid price : 19.65
\nBid-YTW : 5.83 %<\/td>\n<\/tr>\n
GWO.PR.P<\/td>\nInsurance Straight<\/td>\n1.32 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-05-28
\nMaturity Price : 22.77
\nEvaluated at bid price : 23.05
\nBid-YTW : 5.95 %<\/td>\n<\/tr>\n
MFC.PR.B<\/td>\nInsurance Straight<\/td>\n1.39 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-05-28
\nMaturity Price : 20.38
\nEvaluated at bid price : 20.38
\nBid-YTW : 5.72 %<\/td>\n<\/tr>\n
IFC.PR.A<\/td>\nFixedReset Ins Non<\/td>\n1.43 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-05-28
\nMaturity Price : 21.30
\nEvaluated at bid price : 21.30
\nBid-YTW : 5.57 %<\/td>\n<\/tr>\n
ENB.PR.H<\/td>\nFixedReset Disc<\/td>\n1.48 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-05-28
\nMaturity Price : 20.55
\nEvaluated at bid price : 20.55
\nBid-YTW : 6.45 %<\/td>\n<\/tr>\n
CU.PR.G<\/td>\nPerpetual-Discount<\/td>\n1.58 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-05-28
\nMaturity Price : 19.29
\nEvaluated at bid price : 19.29
\nBid-YTW : 5.87 %<\/td>\n<\/tr>\n
GWO.PR.T<\/td>\nInsurance Straight<\/td>\n1.63 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-05-28
\nMaturity Price : 21.48
\nEvaluated at bid price : 21.80
\nBid-YTW : 6.00 %<\/td>\n<\/tr>\n
SLF.PR.C<\/td>\nInsurance Straight<\/td>\n1.64 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-05-28
\nMaturity Price : 20.10
\nEvaluated at bid price : 20.10
\nBid-YTW : 5.54 %<\/td>\n<\/tr>\n
BN.PF.E<\/td>\nFixedReset Disc<\/td>\n1.92 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-05-28
\nMaturity Price : 19.64
\nEvaluated at bid price : 19.64
\nBid-YTW : 6.98 %<\/td>\n<\/tr>\n
IFC.PR.I<\/td>\nInsurance Straight<\/td>\n1.96 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-05-28
\nMaturity Price : 22.99
\nEvaluated at bid price : 23.45
\nBid-YTW : 5.84 %<\/td>\n<\/tr>\n
ENB.PR.B<\/td>\nFixedReset Disc<\/td>\n2.08 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-05-28
\nMaturity Price : 18.68
\nEvaluated at bid price : 18.68
\nBid-YTW : 7.14 %<\/td>\n<\/tr>\n
GWO.PR.S<\/td>\nInsurance Straight<\/td>\n2.13 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-05-28
\nMaturity Price : 22.22
\nEvaluated at bid price : 22.50
\nBid-YTW : 5.93 %<\/td>\n<\/tr>\n
FTS.PR.H<\/td>\nFixedReset Disc<\/td>\n2.41 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-05-28
\nMaturity Price : 17.00
\nEvaluated at bid price : 17.00
\nBid-YTW : 6.46 %<\/td>\n<\/tr>\n
SLF.PR.J<\/td>\nFloatingReset<\/td>\n4.14 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-05-28
\nMaturity Price : 17.35
\nEvaluated at bid price : 17.35
\nBid-YTW : 5.81 %<\/td>\n<\/tr>\n
PWF.PR.F<\/td>\nPerpetual-Discount<\/td>\n4.39 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-05-28
\nMaturity Price : 21.89
\nEvaluated at bid price : 22.13
\nBid-YTW : 5.99 %<\/td>\n<\/tr>\n
SLF.PR.H<\/td>\nFixedReset Ins Non<\/td>\n8.80 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-05-28
\nMaturity Price : 20.16
\nEvaluated at bid price : 20.16
\nBid-YTW : 6.08 %<\/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
BIP.PR.A<\/td>\nFixedReset Disc<\/td>\n391,400<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2025-06-30
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.17
\nBid-YTW : 3.47 %<\/td>\n<\/tr>\n
ENB.PR.B<\/td>\nFixedReset Disc<\/td>\n163,922<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-05-28
\nMaturity Price : 18.68
\nEvaluated at bid price : 18.68
\nBid-YTW : 7.14 %<\/td>\n<\/tr>\n
BN.PF.J<\/td>\nFixedReset Disc<\/td>\n119,320<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-05-28
\nMaturity Price : 23.30
\nEvaluated at bid price : 24.60
\nBid-YTW : 6.20 %<\/td>\n<\/tr>\n
ENB.PF.C<\/td>\nFixedReset Disc<\/td>\n117,161<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-05-28
\nMaturity Price : 19.80
\nEvaluated at bid price : 19.80
\nBid-YTW : 7.03 %<\/td>\n<\/tr>\n
RY.PR.M<\/td>\nFixedReset Disc<\/td>\n70,610<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2025-11-24
\nMaturity Price : 25.00
\nEvaluated at bid price : 24.71
\nBid-YTW : 5.48 %<\/td>\n<\/tr>\n
ENB.PF.G<\/td>\nFixedReset Disc<\/td>\n63,900<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-05-28
\nMaturity Price : 19.65
\nEvaluated at bid price : 19.65
\nBid-YTW : 7.10 %<\/td>\n<\/tr>\n
There were 24 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: 19.35 – 23.88
\nSpot Rate : 4.5300
\nAverage : 3.9061<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-05-28
\nMaturity Price : 19.35
\nEvaluated at bid price : 19.35
\nBid-YTW : 5.85 %<\/td>\n<\/tr>\n

IFC.PR.F<\/td>\nInsurance Straight<\/td>\nQuote: 22.00 – 24.00
\nSpot Rate : 2.0000
\nAverage : 1.4311<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-05-28
\nMaturity Price : 21.63
\nEvaluated at bid price : 22.00
\nBid-YTW : 6.12 %<\/td>\n<\/tr>\n

BN.PF.E<\/td>\nFixedReset Disc<\/td>\nQuote: 19.64 – 20.99
\nSpot Rate : 1.3500
\nAverage : 0.8642<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-05-28
\nMaturity Price : 19.64
\nEvaluated at bid price : 19.64
\nBid-YTW : 6.98 %<\/td>\n<\/tr>\n

BN.PR.R<\/td>\nFixedReset Disc<\/td>\nQuote: 18.49 – 20.00
\nSpot Rate : 1.5100
\nAverage : 1.0366<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-05-28
\nMaturity Price : 18.49
\nEvaluated at bid price : 18.49
\nBid-YTW : 6.94 %<\/td>\n<\/tr>\n

CU.PR.C<\/td>\nFixedReset Disc<\/td>\nQuote: 20.57 – 21.96
\nSpot Rate : 1.3900
\nAverage : 0.9546<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-05-28
\nMaturity Price : 20.57
\nEvaluated at bid price : 20.57
\nBid-YTW : 6.48 %<\/td>\n<\/tr>\n

SLF.PR.E<\/td>\nInsurance Straight<\/td>\nQuote: 18.65 – 20.59
\nSpot Rate : 1.9400
\nAverage : 1.5435<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-05-28
\nMaturity Price : 18.65
\nEvaluated at bid price : 18.65
\nBid-YTW : 6.04 %<\/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-47852","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/47852","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=47852"}],"version-history":[{"count":1,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/47852\/revisions"}],"predecessor-version":[{"id":47853,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/47852\/revisions\/47853"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=47852"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=47852"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=47852"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}