{"id":48325,"date":"2025-07-17T21:01:28","date_gmt":"2025-07-18T01:01:28","guid":{"rendered":"https:\/\/prefblog.com\/?p=48325"},"modified":"2025-07-17T21:01:28","modified_gmt":"2025-07-18T01:01:28","slug":"july-17-2025","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=48325","title":{"rendered":"July 17, 2025"},"content":{"rendered":"

Another new 52-week high for the TXPR price index, as it closed at the day’s high of 609.72 compared to the old mark of 609.04 set yesterday. BOR-RING!<\/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>\n0.8720 %<\/td>\n2,345.9<\/td>\n<\/tr>\n
FixedFloater<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.8720 %<\/td>\n4,566.6<\/td>\n<\/tr>\n
Floater<\/td>\n6.81 %<\/td>\n6.88 %<\/td>\n78,776<\/td>\n12.70<\/td>\n2<\/td>\n0.8720 %<\/td>\n2,631.8<\/td>\n<\/tr>\n
OpRet<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.1407 %<\/td>\n3,674.0<\/td>\n<\/tr>\n
SplitShare<\/td>\n4.76 %<\/td>\n4.31 %<\/td>\n59,050<\/td>\n2.45<\/td>\n7<\/td>\n0.1407 %<\/td>\n4,387.6<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.1407 %<\/td>\n3,423.3<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.1811 %<\/td>\n2,987.0<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n5.76 %<\/td>\n5.84 %<\/td>\n46,726<\/td>\n14.12<\/td>\n32<\/td>\n0.1811 %<\/td>\n3,257.2<\/td>\n<\/tr>\n
FixedReset Disc<\/td>\n5.65 %<\/td>\n6.30 %<\/td>\n129,018<\/td>\n13.15<\/td>\n40<\/td>\n0.1022 %<\/td>\n2,976.1<\/td>\n<\/tr>\n
Insurance Straight<\/td>\n5.66 %<\/td>\n5.79 %<\/td>\n50,170<\/td>\n14.22<\/td>\n19<\/td>\n0.7291 %<\/td>\n3,201.8<\/td>\n<\/tr>\n
FloatingReset<\/td>\n5.52 %<\/td>\n5.36 %<\/td>\n38,861<\/td>\n14.87<\/td>\n2<\/td>\n0.3099 %<\/td>\n3,686.7<\/td>\n<\/tr>\n
FixedReset Prem<\/td>\n5.74 %<\/td>\n4.98 %<\/td>\n112,743<\/td>\n2.61<\/td>\n16<\/td>\n-0.0145 %<\/td>\n2,625.2<\/td>\n<\/tr>\n
FixedReset Bank Non<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.1022 %<\/td>\n3,042.2<\/td>\n<\/tr>\n
FixedReset Ins Non<\/td>\n5.24 %<\/td>\n5.54 %<\/td>\n66,579<\/td>\n14.17<\/td>\n14<\/td>\n0.0125 %<\/td>\n3,052.4<\/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
Performance Highlights<\/strong><\/td>\n<\/tr>\n
Issue<\/td>\nIndex<\/td>\nChange<\/td>\nNotes<\/td>\n<\/tr>\n
CU.PR.F<\/td>\nPerpetual-Discount<\/td>\n-6.98 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-07-17
\nMaturity Price : 18.65
\nEvaluated at bid price : 18.65
\nBid-YTW : 6.13 %<\/td>\n<\/tr>\n
ENB.PR.H<\/td>\nFixedReset Disc<\/td>\n-2.57 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-07-17
\nMaturity Price : 21.20
\nEvaluated at bid price : 21.20
\nBid-YTW : 6.44 %<\/td>\n<\/tr>\n
GWO.PR.P<\/td>\nInsurance Straight<\/td>\n-1.23 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-07-17
\nMaturity Price : 22.93
\nEvaluated at bid price : 23.21
\nBid-YTW : 5.86 %<\/td>\n<\/tr>\n
NA.PR.I<\/td>\nFixedReset Prem<\/td>\n-1.10 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-07-17
\nMaturity Price : 23.57
\nEvaluated at bid price : 26.01
\nBid-YTW : 5.81 %<\/td>\n<\/tr>\n
ENB.PR.J<\/td>\nFixedReset Disc<\/td>\n-1.09 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-07-17
\nMaturity Price : 21.61
\nEvaluated at bid price : 21.87
\nBid-YTW : 6.62 %<\/td>\n<\/tr>\n
IFC.PR.E<\/td>\nInsurance Straight<\/td>\n1.06 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-07-17
\nMaturity Price : 23.51
\nEvaluated at bid price : 23.80
\nBid-YTW : 5.50 %<\/td>\n<\/tr>\n
MFC.PR.C<\/td>\nInsurance Straight<\/td>\n1.12 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-07-17
\nMaturity Price : 20.70
\nEvaluated at bid price : 20.70
\nBid-YTW : 5.50 %<\/td>\n<\/tr>\n
IFC.PR.F<\/td>\nInsurance Straight<\/td>\n1.27 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-07-17
\nMaturity Price : 23.44
\nEvaluated at bid price : 23.85
\nBid-YTW : 5.59 %<\/td>\n<\/tr>\n
PWF.PR.K<\/td>\nPerpetual-Discount<\/td>\n1.38 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-07-17
\nMaturity Price : 21.32
\nEvaluated at bid price : 21.32
\nBid-YTW : 5.83 %<\/td>\n<\/tr>\n
BN.PR.B<\/td>\nFloater<\/td>\n1.76 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-07-17
\nMaturity Price : 12.75
\nEvaluated at bid price : 12.75
\nBid-YTW : 6.88 %<\/td>\n<\/tr>\n
BN.PF.B<\/td>\nFixedReset Disc<\/td>\n2.26 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-07-17
\nMaturity Price : 22.43
\nEvaluated at bid price : 23.11
\nBid-YTW : 6.30 %<\/td>\n<\/tr>\n
FFH.PR.G<\/td>\nFixedReset Disc<\/td>\n3.31 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-07-17
\nMaturity Price : 23.36
\nEvaluated at bid price : 24.38
\nBid-YTW : 5.70 %<\/td>\n<\/tr>\n
GWO.PR.I<\/td>\nInsurance Straight<\/td>\n3.52 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-07-17
\nMaturity Price : 19.72
\nEvaluated at bid price : 19.72
\nBid-YTW : 5.76 %<\/td>\n<\/tr>\n
CU.PR.J<\/td>\nPerpetual-Discount<\/td>\n4.00 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-07-17
\nMaturity Price : 20.80
\nEvaluated at bid price : 20.80
\nBid-YTW : 5.80 %<\/td>\n<\/tr>\n
ELF.PR.F<\/td>\nPerpetual-Discount<\/td>\n4.59 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-07-17
\nMaturity Price : 22.72
\nEvaluated at bid price : 23.01
\nBid-YTW : 5.78 %<\/td>\n<\/tr>\n
IFC.PR.I<\/td>\nInsurance Straight<\/td>\n7.52 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-07-17
\nMaturity Price : 22.61
\nEvaluated at bid price : 23.01
\nBid-YTW : 5.91 %<\/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
TD.PF.D<\/td>\nFixedReset Prem<\/td>\n500,200<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2025-08-30
\nMaturity Price : 25.00
\nEvaluated at bid price : 24.96
\nBid-YTW : 5.37 %<\/td>\n<\/tr>\n
FTS.PR.K<\/td>\nFixedReset Disc<\/td>\n135,900<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-07-17
\nMaturity Price : 22.31
\nEvaluated at bid price : 22.90
\nBid-YTW : 5.71 %<\/td>\n<\/tr>\n
BN.PR.R<\/td>\nFixedReset Disc<\/td>\n126,429<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-07-17
\nMaturity Price : 17.84
\nEvaluated at bid price : 17.84
\nBid-YTW : 7.34 %<\/td>\n<\/tr>\n
FTS.PR.G<\/td>\nFixedReset Disc<\/td>\n105,845<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-07-17
\nMaturity Price : 22.84
\nEvaluated at bid price : 23.75
\nBid-YTW : 5.69 %<\/td>\n<\/tr>\n
SLF.PR.G<\/td>\nFixedReset Ins Non<\/td>\n88,964<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-07-17
\nMaturity Price : 18.60
\nEvaluated at bid price : 18.60
\nBid-YTW : 5.95 %<\/td>\n<\/tr>\n
FFH.PR.G<\/td>\nFixedReset Disc<\/td>\n41,900<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-07-17
\nMaturity Price : 23.36
\nEvaluated at bid price : 24.38
\nBid-YTW : 5.70 %<\/td>\n<\/tr>\n
There were 14 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.D<\/td>\nPerpetual-Discount<\/td>\nQuote: 21.35 – 23.30
\nSpot Rate : 1.9500
\nAverage : 1.1307<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-07-17
\nMaturity Price : 21.35
\nEvaluated at bid price : 21.35
\nBid-YTW : 5.83 %<\/td>\n<\/tr>\n

CU.PR.E<\/td>\nPerpetual-Discount<\/td>\nQuote: 21.30 – 22.85
\nSpot Rate : 1.5500
\nAverage : 0.8745<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-07-17
\nMaturity Price : 21.30
\nEvaluated at bid price : 21.30
\nBid-YTW : 5.84 %<\/td>\n<\/tr>\n

CU.PR.F<\/td>\nPerpetual-Discount<\/td>\nQuote: 18.65 – 21.75
\nSpot Rate : 3.1000
\nAverage : 2.4967<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-07-17
\nMaturity Price : 18.65
\nEvaluated at bid price : 18.65
\nBid-YTW : 6.13 %<\/td>\n<\/tr>\n

GWO.PR.H<\/td>\nInsurance Straight<\/td>\nQuote: 21.15 – 22.80
\nSpot Rate : 1.6500
\nAverage : 1.1705<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-07-17
\nMaturity Price : 21.15
\nEvaluated at bid price : 21.15
\nBid-YTW : 5.79 %<\/td>\n<\/tr>\n

PVS.PR.L<\/td>\nSplitShare<\/td>\nQuote: 26.03 – 27.95
\nSpot Rate : 1.9200
\nAverage : 1.6336<\/p>\n

YTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2030-06-30
\nMaturity Price : 25.00
\nEvaluated at bid price : 26.03
\nBid-YTW : 4.73 %<\/td>\n<\/tr>\n

ENB.PR.H<\/td>\nFixedReset Disc<\/td>\nQuote: 21.20 – 21.83
\nSpot Rate : 0.6300
\nAverage : 0.3719<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-07-17
\nMaturity Price : 21.20
\nEvaluated at bid price : 21.20
\nBid-YTW : 6.44 %<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Another new 52-week high for the TXPR price index, as it closed at the day’s high of 609.72 compared to the old mark of 609.04 set yesterday. BOR-RING! HIMIPref™ Preferred IndicesThese values reflect the December …<\/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-48325","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/48325","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=48325"}],"version-history":[{"count":1,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/48325\/revisions"}],"predecessor-version":[{"id":48326,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/48325\/revisions\/48326"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=48325"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=48325"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=48325"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}