{"id":48080,"date":"2025-07-08T23:48:27","date_gmt":"2025-07-09T03:48:27","guid":{"rendered":"https:\/\/prefblog.com\/?p=48080"},"modified":"2025-07-08T23:48:45","modified_gmt":"2025-07-09T03:48:45","slug":"july-8-2025","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=48080","title":{"rendered":"July 8, 2025"},"content":{"rendered":"

Another new 52-week high for the TXPR price index today, with today’s close of 667.21 eclipsing the 2025-7-4 mark of 665.49. <\/p>\n

I tried to look up when the value was 1,000, but all I could find was the S&P Methodology document<\/a> stating that on 07\/19\/2002 the price index value was 975.14. So if the market goes up 50% (in price), we’ll be back where we started!<\/p>\n\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>\n-0.3172 %<\/td>\n2,317.3<\/td>\n<\/tr>\n
FixedFloater<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.3172 %<\/td>\n4,511.0<\/td>\n<\/tr>\n
Floater<\/td>\n6.89 %<\/td>\n6.92 %<\/td>\n54,462<\/td>\n12.66<\/td>\n2<\/td>\n-0.3172 %<\/td>\n2,599.7<\/td>\n<\/tr>\n
OpRet<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.2709 %<\/td>\n3,669.7<\/td>\n<\/tr>\n
SplitShare<\/td>\n4.77 %<\/td>\n4.09 %<\/td>\n60,511<\/td>\n2.48<\/td>\n7<\/td>\n0.2709 %<\/td>\n4,382.4<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.2709 %<\/td>\n3,419.3<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.3310 %<\/td>\n2,994.2<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n5.75 %<\/td>\n5.90 %<\/td>\n44,255<\/td>\n14.06<\/td>\n32<\/td>\n0.3310 %<\/td>\n3,265.0<\/td>\n<\/tr>\n
FixedReset Disc<\/td>\n5.68 %<\/td>\n6.22 %<\/td>\n114,621<\/td>\n13.20<\/td>\n40<\/td>\n-0.1293 %<\/td>\n2,960.9<\/td>\n<\/tr>\n
Insurance Straight<\/td>\n5.71 %<\/td>\n5.78 %<\/td>\n48,348<\/td>\n14.26<\/td>\n19<\/td>\n-0.0314 %<\/td>\n3,170.0<\/td>\n<\/tr>\n
FloatingReset<\/td>\n5.55 %<\/td>\n5.37 %<\/td>\n42,705<\/td>\n14.86<\/td>\n2<\/td>\n0.1196 %<\/td>\n3,667.4<\/td>\n<\/tr>\n
FixedReset Prem<\/td>\n5.73 %<\/td>\n5.08 %<\/td>\n121,183<\/td>\n2.63<\/td>\n16<\/td>\n0.0000 %<\/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>\n-0.1293 %<\/td>\n3,026.7<\/td>\n<\/tr>\n
FixedReset Ins Non<\/td>\n5.25 %<\/td>\n5.57 %<\/td>\n64,186<\/td>\n14.25<\/td>\n14<\/td>\n0.1637 %<\/td>\n3,044.6<\/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
Performance Highlights<\/strong><\/td>\n<\/tr>\n
Issue<\/td>\nIndex<\/td>\nChange<\/td>\nNotes<\/td>\n<\/tr>\n
BN.PR.R<\/td>\nFixedReset Disc<\/td>\n-7.66 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-07-08
\nMaturity Price : 17.84
\nEvaluated at bid price : 17.84
\nBid-YTW : 7.23 %<\/td>\n<\/tr>\n
FFH.PR.G<\/td>\nFixedReset Disc<\/td>\n-2.24 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-07-08
\nMaturity Price : 23.01
\nEvaluated at bid price : 24.00
\nBid-YTW : 5.70 %<\/td>\n<\/tr>\n
IFC.PR.A<\/td>\nFixedReset Ins Non<\/td>\n-1.69 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-07-08
\nMaturity Price : 21.91
\nEvaluated at bid price : 22.15
\nBid-YTW : 5.34 %<\/td>\n<\/tr>\n
GWO.PR.R<\/td>\nInsurance Straight<\/td>\n-1.63 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-07-08
\nMaturity Price : 20.53
\nEvaluated at bid price : 20.53
\nBid-YTW : 5.90 %<\/td>\n<\/tr>\n
IFC.PR.E<\/td>\nInsurance Straight<\/td>\n-1.27 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-07-08
\nMaturity Price : 23.11
\nEvaluated at bid price : 23.40
\nBid-YTW : 5.59 %<\/td>\n<\/tr>\n
SLF.PR.E<\/td>\nInsurance Straight<\/td>\n-1.08 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-07-08
\nMaturity Price : 20.10
\nEvaluated at bid price : 20.10
\nBid-YTW : 5.64 %<\/td>\n<\/tr>\n
SLF.PR.G<\/td>\nFixedReset Ins Non<\/td>\n1.04 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-07-08
\nMaturity Price : 18.50
\nEvaluated at bid price : 18.50
\nBid-YTW : 5.90 %<\/td>\n<\/tr>\n
PVS.PR.L<\/td>\nSplitShare<\/td>\n1.10 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2030-06-30
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.85
\nBid-YTW : 4.86 %<\/td>\n<\/tr>\n
MFC.PR.Q<\/td>\nFixedReset Ins Non<\/td>\n1.12 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-07-08
\nMaturity Price : 23.49
\nEvaluated at bid price : 25.29
\nBid-YTW : 5.49 %<\/td>\n<\/tr>\n
CU.PR.D<\/td>\nPerpetual-Discount<\/td>\n1.19 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-07-08
\nMaturity Price : 21.25
\nEvaluated at bid price : 21.25
\nBid-YTW : 5.85 %<\/td>\n<\/tr>\n
FTS.PR.K<\/td>\nFixedReset Disc<\/td>\n1.23 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-07-08
\nMaturity Price : 21.87
\nEvaluated at bid price : 22.22
\nBid-YTW : 5.82 %<\/td>\n<\/tr>\n
SLF.PR.D<\/td>\nInsurance Straight<\/td>\n1.25 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-07-08
\nMaturity Price : 20.25
\nEvaluated at bid price : 20.25
\nBid-YTW : 5.54 %<\/td>\n<\/tr>\n
BN.PF.E<\/td>\nFixedReset Disc<\/td>\n1.32 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-07-08
\nMaturity Price : 20.67
\nEvaluated at bid price : 20.67
\nBid-YTW : 6.61 %<\/td>\n<\/tr>\n
PWF.PR.K<\/td>\nPerpetual-Discount<\/td>\n2.88 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-07-08
\nMaturity Price : 21.40
\nEvaluated at bid price : 21.40
\nBid-YTW : 5.90 %<\/td>\n<\/tr>\n
MFC.PR.F<\/td>\nFixedReset Ins Non<\/td>\n3.42 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-07-08
\nMaturity Price : 18.15
\nEvaluated at bid price : 18.15
\nBid-YTW : 5.89 %<\/td>\n<\/tr>\n
BN.PR.N<\/td>\nPerpetual-Discount<\/td>\n6.67 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-07-08
\nMaturity Price : 19.84
\nEvaluated at bid price : 19.84
\nBid-YTW : 6.04 %<\/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>\n113,900<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2025-08-30
\nMaturity Price : 25.00
\nEvaluated at bid price : 24.95
\nBid-YTW : 5.01 %<\/td>\n<\/tr>\n
ENB.PF.K<\/td>\nFixedReset Disc<\/td>\n88,100<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-07-08
\nMaturity Price : 23.14
\nEvaluated at bid price : 24.23
\nBid-YTW : 6.39 %<\/td>\n<\/tr>\n
BN.PF.G<\/td>\nFixedReset Disc<\/td>\n53,049<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-07-08
\nMaturity Price : 21.79
\nEvaluated at bid price : 22.22
\nBid-YTW : 6.52 %<\/td>\n<\/tr>\n
TD.PF.D<\/td>\nFixedReset Prem<\/td>\n51,171<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2025-08-30
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.14
\nBid-YTW : 4.95 %<\/td>\n<\/tr>\n
BN.PR.T<\/td>\nFixedReset Disc<\/td>\n39,656<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-07-08
\nMaturity Price : 19.40
\nEvaluated at bid price : 19.40
\nBid-YTW : 6.63 %<\/td>\n<\/tr>\n
RY.PR.N<\/td>\nPerpetual-Discount<\/td>\n32,960<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-07-08
\nMaturity Price : 24.67
\nEvaluated at bid price : 24.93
\nBid-YTW : 4.97 %<\/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
PWF.PR.P<\/td>\nFixedReset Disc<\/td>\nQuote: 17.89 – 24.68
\nSpot Rate : 6.7900
\nAverage : 3.6300<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-07-08
\nMaturity Price : 17.89
\nEvaluated at bid price : 17.89
\nBid-YTW : 6.31 %<\/td>\n<\/tr>\n

ENB.PR.B<\/td>\nFixedReset Disc<\/td>\nQuote: 19.33 – 24.00
\nSpot Rate : 4.6700
\nAverage : 2.5981<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-07-08
\nMaturity Price : 19.33
\nEvaluated at bid price : 19.33
\nBid-YTW : 7.02 %<\/td>\n<\/tr>\n

BN.PF.F<\/td>\nFixedReset Disc<\/td>\nQuote: 22.60 – 24.85
\nSpot Rate : 2.2500
\nAverage : 1.2280<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-07-08
\nMaturity Price : 22.08
\nEvaluated at bid price : 22.60
\nBid-YTW : 6.48 %<\/td>\n<\/tr>\n

IFC.PR.I<\/td>\nInsurance Straight<\/td>\nQuote: 23.70 – 24.99
\nSpot Rate : 1.2900
\nAverage : 0.8373<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-07-08
\nMaturity Price : 23.33
\nEvaluated at bid price : 23.70
\nBid-YTW : 5.72 %<\/td>\n<\/tr>\n

PWF.PR.E<\/td>\nPerpetual-Discount<\/td>\nQuote: 23.60 – 24.63
\nSpot Rate : 1.0300
\nAverage : 0.6192<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-07-08
\nMaturity Price : 23.32
\nEvaluated at bid price : 23.60
\nBid-YTW : 5.93 %<\/td>\n<\/tr>\n

BN.PR.R<\/td>\nFixedReset Disc<\/td>\nQuote: 17.84 – 19.80
\nSpot Rate : 1.9600
\nAverage : 1.6248<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-07-08
\nMaturity Price : 17.84
\nEvaluated at bid price : 17.84
\nBid-YTW : 7.23 %<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Another new 52-week high for the TXPR price index today, with today’s close of 667.21 eclipsing the 2025-7-4 mark of 665.49. I tried to look up when the value was 1,000, but all I could …<\/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-48080","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/48080","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=48080"}],"version-history":[{"count":1,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/48080\/revisions"}],"predecessor-version":[{"id":48081,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/48080\/revisions\/48081"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=48080"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=48080"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=48080"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}