{"id":48059,"date":"2025-07-07T20:04:28","date_gmt":"2025-07-08T00:04:28","guid":{"rendered":"https:\/\/prefblog.com\/?p=48059"},"modified":"2025-07-07T20:04:28","modified_gmt":"2025-07-08T00:04:28","slug":"july-7-2025","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=48059","title":{"rendered":"July 7, 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>\n0.6786 %<\/td>\n2,324.7<\/td>\n<\/tr>\n
FixedFloater<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.6786 %<\/td>\n4,525.4<\/td>\n<\/tr>\n
Floater<\/td>\n6.87 %<\/td>\n6.92 %<\/td>\n55,146<\/td>\n12.67<\/td>\n2<\/td>\n0.6786 %<\/td>\n2,608.0<\/td>\n<\/tr>\n
OpRet<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.1634 %<\/td>\n3,659.8<\/td>\n<\/tr>\n
SplitShare<\/td>\n4.78 %<\/td>\n4.36 %<\/td>\n58,010<\/td>\n2.48<\/td>\n7<\/td>\n-0.1634 %<\/td>\n4,370.5<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.1634 %<\/td>\n3,410.1<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.2351 %<\/td>\n2,984.3<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n5.77 %<\/td>\n5.90 %<\/td>\n45,310<\/td>\n14.04<\/td>\n32<\/td>\n-0.2351 %<\/td>\n3,254.3<\/td>\n<\/tr>\n
FixedReset Disc<\/td>\n5.67 %<\/td>\n6.24 %<\/td>\n114,775<\/td>\n13.20<\/td>\n40<\/td>\n0.3725 %<\/td>\n2,964.8<\/td>\n<\/tr>\n
Insurance Straight<\/td>\n5.71 %<\/td>\n5.78 %<\/td>\n49,482<\/td>\n14.26<\/td>\n19<\/td>\n-0.3078 %<\/td>\n3,171.0<\/td>\n<\/tr>\n
FloatingReset<\/td>\n5.55 %<\/td>\n5.40 %<\/td>\n42,914<\/td>\n14.83<\/td>\n2<\/td>\n-0.1671 %<\/td>\n3,663.0<\/td>\n<\/tr>\n
FixedReset Prem<\/td>\n5.73 %<\/td>\n5.08 %<\/td>\n97,901<\/td>\n2.63<\/td>\n16<\/td>\n-0.1717 %<\/td>\n2,626.5<\/td>\n<\/tr>\n
FixedReset Bank Non<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.3725 %<\/td>\n3,030.6<\/td>\n<\/tr>\n
FixedReset Ins Non<\/td>\n5.26 %<\/td>\n5.57 %<\/td>\n62,813<\/td>\n14.24<\/td>\n14<\/td>\n-0.2105 %<\/td>\n3,039.7<\/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
MFC.PR.M<\/td>\nFixedReset Ins Non<\/td>\n-8.84 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-07-07
\nMaturity Price : 21.15
\nEvaluated at bid price : 21.15
\nBid-YTW : 6.44 %<\/td>\n<\/tr>\n
BN.PR.N<\/td>\nPerpetual-Discount<\/td>\n-7.23 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-07-07
\nMaturity Price : 18.60
\nEvaluated at bid price : 18.60
\nBid-YTW : 6.44 %<\/td>\n<\/tr>\n
CU.PR.J<\/td>\nPerpetual-Discount<\/td>\n-2.95 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-07-07
\nMaturity Price : 20.05
\nEvaluated at bid price : 20.05
\nBid-YTW : 6.01 %<\/td>\n<\/tr>\n
PWF.PR.K<\/td>\nPerpetual-Discount<\/td>\n-2.80 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-07-07
\nMaturity Price : 20.80
\nEvaluated at bid price : 20.80
\nBid-YTW : 6.07 %<\/td>\n<\/tr>\n
GWO.PR.P<\/td>\nInsurance Straight<\/td>\n-2.29 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-07-07
\nMaturity Price : 22.78
\nEvaluated at bid price : 23.06
\nBid-YTW : 5.89 %<\/td>\n<\/tr>\n
MFC.PR.F<\/td>\nFixedReset Ins Non<\/td>\n-2.23 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-07-07
\nMaturity Price : 17.55
\nEvaluated at bid price : 17.55
\nBid-YTW : 6.09 %<\/td>\n<\/tr>\n
GWO.PR.T<\/td>\nInsurance Straight<\/td>\n-1.71 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-07-07
\nMaturity Price : 21.54
\nEvaluated at bid price : 21.85
\nBid-YTW : 5.93 %<\/td>\n<\/tr>\n
SLF.PR.D<\/td>\nInsurance Straight<\/td>\n-1.67 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-07-07
\nMaturity Price : 20.00
\nEvaluated at bid price : 20.00
\nBid-YTW : 5.61 %<\/td>\n<\/tr>\n
BN.PF.A<\/td>\nFixedReset Disc<\/td>\n-1.62 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-07-07
\nMaturity Price : 23.05
\nEvaluated at bid price : 24.25
\nBid-YTW : 6.24 %<\/td>\n<\/tr>\n
PVS.PR.L<\/td>\nSplitShare<\/td>\n-1.46 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2030-06-30
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.57
\nBid-YTW : 5.11 %<\/td>\n<\/tr>\n
GWO.PR.S<\/td>\nInsurance Straight<\/td>\n-1.32 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-07-07
\nMaturity Price : 22.22
\nEvaluated at bid price : 22.50
\nBid-YTW : 5.87 %<\/td>\n<\/tr>\n
SLF.PR.E<\/td>\nInsurance Straight<\/td>\n-1.31 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-07-07
\nMaturity Price : 20.32
\nEvaluated at bid price : 20.32
\nBid-YTW : 5.58 %<\/td>\n<\/tr>\n
CU.PR.D<\/td>\nPerpetual-Discount<\/td>\n-1.22 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-07-07
\nMaturity Price : 21.00
\nEvaluated at bid price : 21.00
\nBid-YTW : 5.92 %<\/td>\n<\/tr>\n
SLF.PR.C<\/td>\nInsurance Straight<\/td>\n-1.16 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-07-07
\nMaturity Price : 20.41
\nEvaluated at bid price : 20.41
\nBid-YTW : 5.49 %<\/td>\n<\/tr>\n
PWF.PR.L<\/td>\nPerpetual-Discount<\/td>\n1.00 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-07-07
\nMaturity Price : 21.89
\nEvaluated at bid price : 22.13
\nBid-YTW : 5.87 %<\/td>\n<\/tr>\n
IFC.PR.A<\/td>\nFixedReset Ins Non<\/td>\n1.17 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-07-07
\nMaturity Price : 22.19
\nEvaluated at bid price : 22.53
\nBid-YTW : 5.24 %<\/td>\n<\/tr>\n
MFC.PR.J<\/td>\nFixedReset Ins Non<\/td>\n1.32 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-07-07
\nMaturity Price : 23.53
\nEvaluated at bid price : 25.28
\nBid-YTW : 5.57 %<\/td>\n<\/tr>\n
BN.PR.B<\/td>\nFloater<\/td>\n1.37 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-07-07
\nMaturity Price : 12.58
\nEvaluated at bid price : 12.58
\nBid-YTW : 6.95 %<\/td>\n<\/tr>\n
POW.PR.D<\/td>\nPerpetual-Discount<\/td>\n1.39 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-07-07
\nMaturity Price : 21.67
\nEvaluated at bid price : 21.92
\nBid-YTW : 5.72 %<\/td>\n<\/tr>\n
TD.PF.I<\/td>\nFixedReset Prem<\/td>\n2.11 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2027-10-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 26.60
\nBid-YTW : 3.94 %<\/td>\n<\/tr>\n
ENB.PR.N<\/td>\nFixedReset Disc<\/td>\n2.19 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-07-07
\nMaturity Price : 22.81
\nEvaluated at bid price : 23.76
\nBid-YTW : 6.21 %<\/td>\n<\/tr>\n
MFC.PR.L<\/td>\nFixedReset Ins Non<\/td>\n2.41 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-07-07
\nMaturity Price : 22.97
\nEvaluated at bid price : 24.25
\nBid-YTW : 5.42 %<\/td>\n<\/tr>\n
PWF.PR.T<\/td>\nFixedReset Disc<\/td>\n2.53 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-07-07
\nMaturity Price : 23.03
\nEvaluated at bid price : 24.30
\nBid-YTW : 5.59 %<\/td>\n<\/tr>\n
GWO.PR.I<\/td>\nInsurance Straight<\/td>\n3.64 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-07-07
\nMaturity Price : 19.65
\nEvaluated at bid price : 19.65
\nBid-YTW : 5.77 %<\/td>\n<\/tr>\n
BN.PR.R<\/td>\nFixedReset Disc<\/td>\n8.30 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-07-07
\nMaturity Price : 19.32
\nEvaluated at bid price : 19.32
\nBid-YTW : 6.68 %<\/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
RY.PR.M<\/td>\nFixedReset Disc<\/td>\n213,000<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2025-11-24
\nMaturity Price : 25.00
\nEvaluated at bid price : 24.89
\nBid-YTW : 5.12 %<\/td>\n<\/tr>\n
BN.PR.X<\/td>\nFixedReset Disc<\/td>\n136,000<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-07-07
\nMaturity Price : 18.70
\nEvaluated at bid price : 18.70
\nBid-YTW : 6.39 %<\/td>\n<\/tr>\n
BN.PF.G<\/td>\nFixedReset Disc<\/td>\n40,200<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-07-07
\nMaturity Price : 21.74
\nEvaluated at bid price : 22.15
\nBid-YTW : 6.54 %<\/td>\n<\/tr>\n
ENB.PF.C<\/td>\nFixedReset Disc<\/td>\n27,100<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-07-07
\nMaturity Price : 20.59
\nEvaluated at bid price : 20.59
\nBid-YTW : 6.86 %<\/td>\n<\/tr>\n
TD.PF.D<\/td>\nFixedReset Prem<\/td>\n25,000<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2025-08-30
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.14
\nBid-YTW : 4.85 %<\/td>\n<\/tr>\n
ENB.PF.G<\/td>\nFixedReset Disc<\/td>\n23,700<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-07-07
\nMaturity Price : 20.59
\nEvaluated at bid price : 20.59
\nBid-YTW : 6.90 %<\/td>\n<\/tr>\n
There were 9 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
MFC.PR.M<\/td>\nFixedReset Ins Non<\/td>\nQuote: 21.15 – 24.55
\nSpot Rate : 3.4000
\nAverage : 2.1963<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-07-07
\nMaturity Price : 21.15
\nEvaluated at bid price : 21.15
\nBid-YTW : 6.44 %<\/td>\n<\/tr>\n

CU.PR.D<\/td>\nPerpetual-Discount<\/td>\nQuote: 21.00 – 22.55
\nSpot Rate : 1.5500
\nAverage : 1.0145<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-07-07
\nMaturity Price : 21.00
\nEvaluated at bid price : 21.00
\nBid-YTW : 5.92 %<\/td>\n<\/tr>\n

ENB.PF.C<\/td>\nFixedReset Disc<\/td>\nQuote: 20.59 – 22.00
\nSpot Rate : 1.4100
\nAverage : 0.8936<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-07-07
\nMaturity Price : 20.59
\nEvaluated at bid price : 20.59
\nBid-YTW : 6.86 %<\/td>\n<\/tr>\n

BN.PR.N<\/td>\nPerpetual-Discount<\/td>\nQuote: 18.60 – 20.00
\nSpot Rate : 1.4000
\nAverage : 0.8958<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-07-07
\nMaturity Price : 18.60
\nEvaluated at bid price : 18.60
\nBid-YTW : 6.44 %<\/td>\n<\/tr>\n

PVS.PR.L<\/td>\nSplitShare<\/td>\nQuote: 25.57 – 26.99
\nSpot Rate : 1.4200
\nAverage : 1.0650<\/p>\n

YTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2030-06-30
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.57
\nBid-YTW : 5.11 %<\/td>\n<\/tr>\n

PWF.PR.K<\/td>\nPerpetual-Discount<\/td>\nQuote: 20.80 – 21.60
\nSpot Rate : 0.8000
\nAverage : 0.4977<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-07-07
\nMaturity Price : 20.80
\nEvaluated at bid price : 20.80
\nBid-YTW : 6.07 %<\/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-48059","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/48059","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=48059"}],"version-history":[{"count":1,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/48059\/revisions"}],"predecessor-version":[{"id":48060,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/48059\/revisions\/48060"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=48059"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=48059"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=48059"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}