{"id":48381,"date":"2025-07-18T21:26:28","date_gmt":"2025-07-19T01:26:28","guid":{"rendered":"https:\/\/prefblog.com\/?p=48381"},"modified":"2025-07-18T21:26:28","modified_gmt":"2025-07-19T01:26:28","slug":"july-18-2025","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=48381","title":{"rendered":"July 18, 2025"},"content":{"rendered":"<p>Yet another 52-week high for the TXPR price index, with today&#8217;s high of 673.26 overpowering the mark of 669.72 set yesterday.<\/p>\n<table border='1'>\n<tr>\n<td colspan='8'><strong>HIMIPref&trade; Preferred Indices<br \/>These values reflect the December 2008 revision of the HIMIPref&trade; Indices<\/strong><br \/>Values are provisional and are finalized monthly<\/td>\n<\/tr>\n<tr>\n<td>Index<\/td>\n<td>Mean<br \/>Current<br \/>Yield<br \/>(at bid)<\/td>\n<td>Median<br \/>YTW<\/td>\n<td>Median<br \/>Average<br \/>Trading<br \/>Value<\/td>\n<td>Median<br \/>Mod Dur<br \/>(YTW)<\/td>\n<td>Issues<\/td>\n<td>Day&#8217;s Perf.<\/td>\n<td>Index Value<\/td>\n<\/tr>\n<tr>\n<td>Ratchet<\/td>\n<td>0.00 %<\/td>\n<td>0.00 %<\/td>\n<td>0<\/td>\n<td>0.00<\/td>\n<td>0<\/td>\n<td>-0.3929 %<\/td>\n<td>2,336.7<\/td>\n<\/tr>\n<tr>\n<td>FixedFloater<\/td>\n<td>0.00 %<\/td>\n<td>0.00 %<\/td>\n<td>0<\/td>\n<td>0.00<\/td>\n<td>0<\/td>\n<td>-0.3929 %<\/td>\n<td>4,548.7<\/td>\n<\/tr>\n<tr>\n<td>Floater<\/td>\n<td>6.83 %<\/td>\n<td>6.89 %<\/td>\n<td>53,330<\/td>\n<td>12.69<\/td>\n<td>2<\/td>\n<td>-0.3929 %<\/td>\n<td>2,621.4<\/td>\n<\/tr>\n<tr>\n<td>OpRet<\/td>\n<td>0.00 %<\/td>\n<td>0.00 %<\/td>\n<td>0<\/td>\n<td>0.00<\/td>\n<td>0<\/td>\n<td>-0.0169 %<\/td>\n<td>3,673.4<\/td>\n<\/tr>\n<tr>\n<td>SplitShare<\/td>\n<td>4.77 %<\/td>\n<td>4.30 %<\/td>\n<td>58,275<\/td>\n<td>2.45<\/td>\n<td>7<\/td>\n<td>-0.0169 %<\/td>\n<td>4,386.8<\/td>\n<\/tr>\n<tr>\n<td>Interest-Bearing<\/td>\n<td>0.00 %<\/td>\n<td>0.00 %<\/td>\n<td>0<\/td>\n<td>0.00<\/td>\n<td>0<\/td>\n<td>-0.0169 %<\/td>\n<td>3,422.8<\/td>\n<\/tr>\n<tr>\n<td>Perpetual-Premium<\/td>\n<td>0.00 %<\/td>\n<td>0.00 %<\/td>\n<td>0<\/td>\n<td>0.00<\/td>\n<td>0<\/td>\n<td>-0.2340 %<\/td>\n<td>2,980.0<\/td>\n<\/tr>\n<tr>\n<td>Perpetual-Discount<\/td>\n<td>5.77 %<\/td>\n<td>5.84 %<\/td>\n<td>49,677<\/td>\n<td>14.09<\/td>\n<td>32<\/td>\n<td>-0.2340 %<\/td>\n<td>3,249.6<\/td>\n<\/tr>\n<tr>\n<td>FixedReset Disc<\/td>\n<td>5.64 %<\/td>\n<td>6.30 %<\/td>\n<td>131,722<\/td>\n<td>13.12<\/td>\n<td>40<\/td>\n<td>0.1232 %<\/td>\n<td>2,979.8<\/td>\n<\/tr>\n<tr>\n<td>Insurance Straight<\/td>\n<td>5.64 %<\/td>\n<td>5.74 %<\/td>\n<td>54,212<\/td>\n<td>14.30<\/td>\n<td>19<\/td>\n<td>0.3368 %<\/td>\n<td>3,212.6<\/td>\n<\/tr>\n<tr>\n<td>FloatingReset<\/td>\n<td>5.52 %<\/td>\n<td>5.33 %<\/td>\n<td>42,005<\/td>\n<td>14.92<\/td>\n<td>2<\/td>\n<td>-0.0475 %<\/td>\n<td>3,684.9<\/td>\n<\/tr>\n<tr>\n<td>FixedReset Prem<\/td>\n<td>5.73 %<\/td>\n<td>5.00 %<\/td>\n<td>117,281<\/td>\n<td>2.60<\/td>\n<td>16<\/td>\n<td>0.2084 %<\/td>\n<td>2,630.7<\/td>\n<\/tr>\n<tr>\n<td>FixedReset Bank Non<\/td>\n<td>0.00 %<\/td>\n<td>0.00 %<\/td>\n<td>0<\/td>\n<td>0.00<\/td>\n<td>0<\/td>\n<td>0.1232 %<\/td>\n<td>3,046.0<\/td>\n<\/tr>\n<tr>\n<td>FixedReset Ins Non<\/td>\n<td>5.17 %<\/td>\n<td>5.56 %<\/td>\n<td>72,037<\/td>\n<td>14.21<\/td>\n<td>14<\/td>\n<td>1.2915 %<\/td>\n<td>3,091.8<\/td>\n<\/tr>\n<\/table>\n<table border='1'>\n<tr>\n<td colspan='4'><strong>Performance Highlights<\/strong><\/td>\n<\/tr>\n<tr>\n<td>Issue<\/td>\n<td>Index<\/td>\n<td>Change<\/td>\n<td>Notes<\/td>\n<\/tr>\n<tr>\n<td>PWF.PR.F<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-3.48 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2055-07-18<br \/>\nMaturity Price  : 21.38<br \/>\nEvaluated at bid price : 21.65<br \/>\nBid-YTW : 6.08 %<\/td>\n<\/tr>\n<tr>\n<td>BN.PF.A<\/td>\n<td>FixedReset Disc<\/td>\n<td>-2.58 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2055-07-18<br \/>\nMaturity Price  : 23.03<br \/>\nEvaluated at bid price : 24.18<br \/>\nBid-YTW : 6.34 %<\/td>\n<\/tr>\n<tr>\n<td>BN.PF.D<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-2.17 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2055-07-18<br \/>\nMaturity Price  : 20.25<br \/>\nEvaluated at bid price : 20.25<br \/>\nBid-YTW : 6.12 %<\/td>\n<\/tr>\n<tr>\n<td>IFC.PR.A<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>-1.61 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2055-07-18<br \/>\nMaturity Price  : 21.60<br \/>\nEvaluated at bid price : 22.01<br \/>\nBid-YTW : 5.45 %<\/td>\n<\/tr>\n<tr>\n<td>PWF.PR.K<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-1.45 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2055-07-18<br \/>\nMaturity Price  : 21.01<br \/>\nEvaluated at bid price : 21.01<br \/>\nBid-YTW : 5.92 %<\/td>\n<\/tr>\n<tr>\n<td>BN.PR.B<\/td>\n<td>Floater<\/td>\n<td>-1.02 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2055-07-18<br \/>\nMaturity Price  : 12.62<br \/>\nEvaluated at bid price : 12.62<br \/>\nBid-YTW : 6.95 %<\/td>\n<\/tr>\n<tr>\n<td>NA.PR.K<\/td>\n<td>FixedReset Prem<\/td>\n<td>1.08 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Call<br \/>\nMaturity Date\t: 2029-05-01<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 28.10<br \/>\nBid-YTW : 4.57 %<\/td>\n<\/tr>\n<tr>\n<td>FTS.PR.M<\/td>\n<td>FixedReset Disc<\/td>\n<td>1.15 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2055-07-18<br \/>\nMaturity Price  : 22.74<br \/>\nEvaluated at bid price : 23.81<br \/>\nBid-YTW : 5.82 %<\/td>\n<\/tr>\n<tr>\n<td>GWO.PR.I<\/td>\n<td>Insurance Straight<\/td>\n<td>1.17 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2055-07-18<br \/>\nMaturity Price  : 19.95<br \/>\nEvaluated at bid price : 19.95<br \/>\nBid-YTW : 5.70 %<\/td>\n<\/tr>\n<tr>\n<td>IFC.PR.C<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>1.24 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2055-07-18<br \/>\nMaturity Price  : 23.97<br \/>\nEvaluated at bid price : 24.40<br \/>\nBid-YTW : 5.69 %<\/td>\n<\/tr>\n<tr>\n<td>NA.PR.I<\/td>\n<td>FixedReset Prem<\/td>\n<td>1.31 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Call<br \/>\nMaturity Date\t: 2029-05-01<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 26.35<br \/>\nBid-YTW : 5.60 %<\/td>\n<\/tr>\n<tr>\n<td>ENB.PR.J<\/td>\n<td>FixedReset Disc<\/td>\n<td>1.51 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2055-07-18<br \/>\nMaturity Price  : 21.85<br \/>\nEvaluated at bid price : 22.20<br \/>\nBid-YTW : 6.52 %<\/td>\n<\/tr>\n<tr>\n<td>IFC.PR.I<\/td>\n<td>Insurance Straight<\/td>\n<td>2.13 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2055-07-18<br \/>\nMaturity Price  : 23.24<br \/>\nEvaluated at bid price : 23.50<br \/>\nBid-YTW : 5.79 %<\/td>\n<\/tr>\n<tr>\n<td>ENB.PR.H<\/td>\n<td>FixedReset Disc<\/td>\n<td>2.36 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2055-07-18<br \/>\nMaturity Price  : 21.38<br \/>\nEvaluated at bid price : 21.70<br \/>\nBid-YTW : 6.27 %<\/td>\n<\/tr>\n<tr>\n<td>MFC.PR.F<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>3.99 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2055-07-18<br \/>\nMaturity Price  : 18.25<br \/>\nEvaluated at bid price : 18.25<br \/>\nBid-YTW : 5.97 %<\/td>\n<\/tr>\n<tr>\n<td>MFC.PR.M<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>15.37 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2055-07-18<br \/>\nMaturity Price  : 22.99<br \/>\nEvaluated at bid price : 24.40<br \/>\nBid-YTW : 5.56 %<\/td>\n<\/tr>\n<\/table>\n<table border='1'>\n<tr>\n<td colspan='4'><strong>Volume Highlights<\/strong><\/td>\n<\/tr>\n<tr>\n<td>Issue<\/td>\n<td>Index<\/td>\n<td>Shares<br \/>Traded<\/td>\n<td>Notes<\/td>\n<\/tr>\n<tr>\n<td>TD.PF.A<\/td>\n<td>FixedReset Disc<\/td>\n<td>324,533<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2055-07-18<br \/>\nMaturity Price  : 23.13<br \/>\nEvaluated at bid price : 24.74<br \/>\nBid-YTW : 5.19 %<\/td>\n<\/tr>\n<tr>\n<td>GWO.PR.S<\/td>\n<td>Insurance Straight<\/td>\n<td>268,716<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2055-07-18<br \/>\nMaturity Price  : 22.33<br \/>\nEvaluated at bid price : 22.60<br \/>\nBid-YTW : 5.85 %<\/td>\n<\/tr>\n<tr>\n<td>BN.PR.X<\/td>\n<td>FixedReset Disc<\/td>\n<td>177,808<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2055-07-18<br \/>\nMaturity Price  : 19.28<br \/>\nEvaluated at bid price : 19.28<br \/>\nBid-YTW : 6.30 %<\/td>\n<\/tr>\n<tr>\n<td>ENB.PR.Y<\/td>\n<td>FixedReset Disc<\/td>\n<td>61,445<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2055-07-18<br \/>\nMaturity Price  : 19.90<br \/>\nEvaluated at bid price : 19.90<br \/>\nBid-YTW : 6.89 %<\/td>\n<\/tr>\n<tr>\n<td>ENB.PF.G<\/td>\n<td>FixedReset Disc<\/td>\n<td>61,180<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2055-07-18<br \/>\nMaturity Price  : 21.30<br \/>\nEvaluated at bid price : 21.30<br \/>\nBid-YTW : 6.77 %<\/td>\n<\/tr>\n<tr>\n<td>SLF.PR.G<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>60,406<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2055-07-18<br \/>\nMaturity Price  : 18.60<br \/>\nEvaluated at bid price : 18.60<br \/>\nBid-YTW : 5.95 %<\/td>\n<\/tr>\n<tr>\n<td colspan='4'>There were 84 other index-included issues trading in excess of 10,000 shares.<\/td>\n<\/tr>\n<\/table>\n<table border='1'>\n<tr>\n<td colspan='3'><strong>Wide Spread Highlights<\/strong><\/td>\n<\/tr>\n<tr>\n<td colspan='3'>See <a href='https:\/\/prefblog.com\/?p=13456'>TMX DataLinx: &#8216;Last&#8217; != &#8216;Close&#8217;<\/a> and the posts linked therein for an idea of why these quotes are so horrible.<\/td>\n<\/tr>\n<tr>\n<td>Issue<\/td>\n<td>Index<\/td>\n<td>Quote Data and Yield Notes<\/td>\n<\/tr>\n<tr>\n<td>MFC.PR.F<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>Quote: 18.25 &#8211; 23.80<br \/>\nSpot Rate  :  5.5500<br \/>\nAverage  :  3.3123<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2055-07-18<br \/>\nMaturity Price  : 18.25<br \/>\nEvaluated at bid price : 18.25<br \/>\nBid-YTW : 5.97 %<\/td>\n<\/tr>\n<tr>\n<td>ENB.PR.D<\/td>\n<td>FixedReset Disc<\/td>\n<td>Quote: 20.33 &#8211; 23.90<br \/>\nSpot Rate  :  3.5700<br \/>\nAverage  :  1.9621<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2055-07-18<br \/>\nMaturity Price  : 20.33<br \/>\nEvaluated at bid price : 20.33<br \/>\nBid-YTW : 6.78 %<\/td>\n<\/tr>\n<tr>\n<td>CU.PR.E<\/td>\n<td>Perpetual-Discount<\/td>\n<td>Quote: 21.30 &#8211; 23.54<br \/>\nSpot Rate  :  2.2400<br \/>\nAverage  :  1.5886<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2055-07-18<br \/>\nMaturity Price  : 21.30<br \/>\nEvaluated at bid price : 21.30<br \/>\nBid-YTW : 5.84 %<\/td>\n<\/tr>\n<tr>\n<td>PWF.PR.F<\/td>\n<td>Perpetual-Discount<\/td>\n<td>Quote: 21.65 &#8211; 23.00<br \/>\nSpot Rate  :  1.3500<br \/>\nAverage  :  0.9005<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2055-07-18<br \/>\nMaturity Price  : 21.38<br \/>\nEvaluated at bid price : 21.65<br \/>\nBid-YTW : 6.08 %<\/td>\n<\/tr>\n<tr>\n<td>IFC.PR.G<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>Quote: 25.25 &#8211; 26.25<br \/>\nSpot Rate  :  1.0000<br \/>\nAverage  :  0.5762<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2055-07-18<br \/>\nMaturity Price  : 23.47<br \/>\nEvaluated at bid price : 25.25<br \/>\nBid-YTW : 5.58 %<\/td>\n<\/tr>\n<tr>\n<td>FTS.PR.M<\/td>\n<td>FixedReset Disc<\/td>\n<td>Quote: 23.81 &#8211; 24.81<br \/>\nSpot Rate  :  1.0000<br \/>\nAverage  :  0.5771<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2055-07-18<br \/>\nMaturity Price  : 22.74<br \/>\nEvaluated at bid price : 23.81<br \/>\nBid-YTW : 5.82 %<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Yet another 52-week high for the TXPR price index, with today&#8217;s high of 673.26 overpowering the mark of 669.72 set yesterday. HIMIPref&trade; Preferred IndicesThese values reflect the December 2008 revision of the HIMIPref&trade; IndicesValues are &hellip;<\/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-48381","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/48381","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=48381"}],"version-history":[{"count":1,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/48381\/revisions"}],"predecessor-version":[{"id":48382,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/48381\/revisions\/48382"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=48381"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=48381"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=48381"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}