{"id":47905,"date":"2025-06-24T01:15:19","date_gmt":"2025-06-24T01:15:19","guid":{"rendered":"https:\/\/prefblog.com\/?p=47905"},"modified":"2025-06-24T01:15:19","modified_gmt":"2025-06-24T01:15:19","slug":"june-23-2025","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=47905","title":{"rendered":"June 23, 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>\n0.7302 %<\/td>\n2,288.8<\/td>\n<\/tr>\n
FixedFloater<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.7302 %<\/td>\n4,455.4<\/td>\n<\/tr>\n
Floater<\/td>\n6.98 %<\/td>\n7.02 %<\/td>\n62,068<\/td>\n12.57<\/td>\n2<\/td>\n0.7302 %<\/td>\n2,567.7<\/td>\n<\/tr>\n
OpRet<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.1587 %<\/td>\n3,650.2<\/td>\n<\/tr>\n
SplitShare<\/td>\n4.79 %<\/td>\n4.34 %<\/td>\n67,219<\/td>\n2.52<\/td>\n8<\/td>\n0.1587 %<\/td>\n4,359.1<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.1587 %<\/td>\n3,401.1<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.0799 %<\/td>\n2,943.6<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n5.84 %<\/td>\n5.96 %<\/td>\n42,021<\/td>\n13.91<\/td>\n33<\/td>\n-0.0799 %<\/td>\n3,209.8<\/td>\n<\/tr>\n
FixedReset Disc<\/td>\n5.61 %<\/td>\n6.13 %<\/td>\n112,625<\/td>\n13.13<\/td>\n46<\/td>\n0.5218 %<\/td>\n2,899.7<\/td>\n<\/tr>\n
Insurance Straight<\/td>\n5.80 %<\/td>\n5.86 %<\/td>\n50,833<\/td>\n14.15<\/td>\n20<\/td>\n0.1467 %<\/td>\n3,124.0<\/td>\n<\/tr>\n
FloatingReset<\/td>\n5.69 %<\/td>\n5.74 %<\/td>\n38,773<\/td>\n14.30<\/td>\n3<\/td>\n-0.5482 %<\/td>\n3,620.7<\/td>\n<\/tr>\n
FixedReset Prem<\/td>\n6.08 %<\/td>\n5.34 %<\/td>\n115,713<\/td>\n3.33<\/td>\n12<\/td>\n0.0678 %<\/td>\n2,609.6<\/td>\n<\/tr>\n
FixedReset Bank Non<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.5218 %<\/td>\n2,964.1<\/td>\n<\/tr>\n
FixedReset Ins Non<\/td>\n5.16 %<\/td>\n5.68 %<\/td>\n65,849<\/td>\n14.24<\/td>\n14<\/td>\n0.5115 %<\/td>\n2,989.5<\/td>\n<\/tr>\n<\/table>\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.J<\/td>\nFloatingReset<\/td>\n-2.41 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-06-23
\nMaturity Price : 17.00
\nEvaluated at bid price : 17.00
\nBid-YTW : 6.05 %<\/td>\n<\/tr>\n
PWF.PR.P<\/td>\nFixedReset Disc<\/td>\n-2.33 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-06-23
\nMaturity Price : 16.80
\nEvaluated at bid price : 16.80
\nBid-YTW : 6.50 %<\/td>\n<\/tr>\n
GWO.PR.R<\/td>\nInsurance Straight<\/td>\n-2.00 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-06-23
\nMaturity Price : 20.10
\nEvaluated at bid price : 20.10
\nBid-YTW : 6.01 %<\/td>\n<\/tr>\n
CU.PR.G<\/td>\nPerpetual-Discount<\/td>\n1.05 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-06-23
\nMaturity Price : 19.32
\nEvaluated at bid price : 19.32
\nBid-YTW : 5.89 %<\/td>\n<\/tr>\n
GWO.PR.N<\/td>\nFixedReset Ins Non<\/td>\n1.21 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-06-23
\nMaturity Price : 16.76
\nEvaluated at bid price : 16.76
\nBid-YTW : 6.06 %<\/td>\n<\/tr>\n
BN.PR.B<\/td>\nFloater<\/td>\n1.22 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-06-23
\nMaturity Price : 12.40
\nEvaluated at bid price : 12.40
\nBid-YTW : 7.04 %<\/td>\n<\/tr>\n
BN.PR.T<\/td>\nFixedReset Disc<\/td>\n1.25 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-06-23
\nMaturity Price : 18.65
\nEvaluated at bid price : 18.65
\nBid-YTW : 6.70 %<\/td>\n<\/tr>\n
ENB.PR.P<\/td>\nFixedReset Disc<\/td>\n1.73 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-06-23
\nMaturity Price : 20.55
\nEvaluated at bid price : 20.55
\nBid-YTW : 6.74 %<\/td>\n<\/tr>\n
BN.PR.Z<\/td>\nFixedReset Disc<\/td>\n2.03 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-06-23
\nMaturity Price : 22.27
\nEvaluated at bid price : 22.65
\nBid-YTW : 6.46 %<\/td>\n<\/tr>\n
PWF.PR.T<\/td>\nFixedReset Disc<\/td>\n2.92 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-06-23
\nMaturity Price : 22.71
\nEvaluated at bid price : 23.62
\nBid-YTW : 5.64 %<\/td>\n<\/tr>\n
MFC.PR.K<\/td>\nFixedReset Ins Non<\/td>\n3.35 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-06-23
\nMaturity Price : 23.23
\nEvaluated at bid price : 24.70
\nBid-YTW : 5.32 %<\/td>\n<\/tr>\n
IFC.PR.F<\/td>\nInsurance Straight<\/td>\n4.07 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-06-23
\nMaturity Price : 21.75
\nEvaluated at bid price : 21.75
\nBid-YTW : 6.13 %<\/td>\n<\/tr>\n
CU.PR.C<\/td>\nFixedReset Disc<\/td>\n11.84 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-06-23
\nMaturity Price : 21.73
\nEvaluated at bid price : 22.20
\nBid-YTW : 5.92 %<\/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>\n54,000<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2025-07-30
\nMaturity Price : 25.00
\nEvaluated at bid price : 24.98
\nBid-YTW : 6.04 %<\/td>\n<\/tr>\n
ENB.PF.K<\/td>\nFixedReset Disc<\/td>\n27,300<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-06-23
\nMaturity Price : 23.09
\nEvaluated at bid price : 24.15
\nBid-YTW : 6.27 %<\/td>\n<\/tr>\n
PWF.PR.R<\/td>\nPerpetual-Discount<\/td>\n26,700<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-06-23
\nMaturity Price : 23.00
\nEvaluated at bid price : 23.27
\nBid-YTW : 6.00 %<\/td>\n<\/tr>\n
ENB.PF.G<\/td>\nFixedReset Disc<\/td>\n26,400<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-06-23
\nMaturity Price : 20.25
\nEvaluated at bid price : 20.25
\nBid-YTW : 6.82 %<\/td>\n<\/tr>\n
BN.PR.K<\/td>\nFloater<\/td>\n21,800<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-06-23
\nMaturity Price : 12.43
\nEvaluated at bid price : 12.43
\nBid-YTW : 7.02 %<\/td>\n<\/tr>\n
ENB.PF.E<\/td>\nFixedReset Disc<\/td>\n16,400<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-06-23
\nMaturity Price : 20.11
\nEvaluated at bid price : 20.11
\nBid-YTW : 6.87 %<\/td>\n<\/tr>\n
There were 4 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
PWF.PR.R<\/td>\nPerpetual-Discount<\/td>\nQuote: 23.27 – 24.45
\nSpot Rate : 1.1800
\nAverage : 0.6753<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-06-23
\nMaturity Price : 23.00
\nEvaluated at bid price : 23.27
\nBid-YTW : 6.00 %<\/td>\n<\/tr>\n

GWO.PR.R<\/td>\nInsurance Straight<\/td>\nQuote: 20.10 – 21.10
\nSpot Rate : 1.0000
\nAverage : 0.6045<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-06-23
\nMaturity Price : 20.10
\nEvaluated at bid price : 20.10
\nBid-YTW : 6.01 %<\/td>\n<\/tr>\n

PWF.PR.E<\/td>\nPerpetual-Discount<\/td>\nQuote: 23.50 – 24.70
\nSpot Rate : 1.2000
\nAverage : 0.9064<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-06-23
\nMaturity Price : 23.20
\nEvaluated at bid price : 23.50
\nBid-YTW : 5.94 %<\/td>\n<\/tr>\n

SLF.PR.E<\/td>\nInsurance Straight<\/td>\nQuote: 20.08 – 21.00
\nSpot Rate : 0.9200
\nAverage : 0.6816<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-06-23
\nMaturity Price : 20.08
\nEvaluated at bid price : 20.08
\nBid-YTW : 5.63 %<\/td>\n<\/tr>\n

SLF.PR.J<\/td>\nFloatingReset<\/td>\nQuote: 17.00 – 17.79
\nSpot Rate : 0.7900
\nAverage : 0.5729<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-06-23
\nMaturity Price : 17.00
\nEvaluated at bid price : 17.00
\nBid-YTW : 6.05 %<\/td>\n<\/tr>\n

MFC.PR.B<\/td>\nInsurance Straight<\/td>\nQuote: 20.37 – 21.10
\nSpot Rate : 0.7300
\nAverage : 0.5557<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-06-23
\nMaturity Price : 20.37
\nEvaluated at bid price : 20.37
\nBid-YTW : 5.75 %<\/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-47905","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/47905","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=47905"}],"version-history":[{"count":1,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/47905\/revisions"}],"predecessor-version":[{"id":47906,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/47905\/revisions\/47906"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=47905"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=47905"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=47905"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}