{"id":48461,"date":"2025-07-21T19:34:20","date_gmt":"2025-07-21T23:34:20","guid":{"rendered":"https:\/\/prefblog.com\/?p=48461"},"modified":"2025-07-21T19:34:20","modified_gmt":"2025-07-21T23:34:20","slug":"july-21-2025","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=48461","title":{"rendered":"July 21, 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>\n-0.0394 %<\/td>\n2,335.8<\/td>\n<\/tr>\n
FixedFloater<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.0394 %<\/td>\n4,546.9<\/td>\n<\/tr>\n
Floater<\/td>\n6.84 %<\/td>\n6.88 %<\/td>\n52,637<\/td>\n12.69<\/td>\n2<\/td>\n-0.0394 %<\/td>\n2,620.4<\/td>\n<\/tr>\n
OpRet<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.2699 %<\/td>\n3,683.3<\/td>\n<\/tr>\n
SplitShare<\/td>\n4.75 %<\/td>\n3.98 %<\/td>\n56,369<\/td>\n0.59<\/td>\n7<\/td>\n0.2699 %<\/td>\n4,398.7<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.2699 %<\/td>\n3,432.0<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.4508 %<\/td>\n2,993.4<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n5.75 %<\/td>\n5.84 %<\/td>\n47,733<\/td>\n14.13<\/td>\n32<\/td>\n0.4508 %<\/td>\n3,264.2<\/td>\n<\/tr>\n
FixedReset Disc<\/td>\n5.62 %<\/td>\n6.30 %<\/td>\n131,338<\/td>\n13.17<\/td>\n40<\/td>\n0.3293 %<\/td>\n2,989.6<\/td>\n<\/tr>\n
Insurance Straight<\/td>\n5.62 %<\/td>\n5.69 %<\/td>\n53,603<\/td>\n14.38<\/td>\n19<\/td>\n0.2786 %<\/td>\n3,221.6<\/td>\n<\/tr>\n
FloatingReset<\/td>\n5.56 %<\/td>\n5.36 %<\/td>\n41,483<\/td>\n14.85<\/td>\n2<\/td>\n-0.0238 %<\/td>\n3,684.0<\/td>\n<\/tr>\n
FixedReset Prem<\/td>\n5.72 %<\/td>\n4.93 %<\/td>\n115,844<\/td>\n2.60<\/td>\n16<\/td>\n0.0895 %<\/td>\n2,633.0<\/td>\n<\/tr>\n
FixedReset Bank Non<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.3293 %<\/td>\n3,056.0<\/td>\n<\/tr>\n
FixedReset Ins Non<\/td>\n5.18 %<\/td>\n5.58 %<\/td>\n71,862<\/td>\n14.19<\/td>\n14<\/td>\n-0.1888 %<\/td>\n3,086.0<\/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
Performance Highlights<\/strong><\/td>\n<\/tr>\n
Issue<\/td>\nIndex<\/td>\nChange<\/td>\nNotes<\/td>\n<\/tr>\n
ENB.PR.N<\/td>\nFixedReset Disc<\/td>\n-2.81 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-07-21
\nMaturity Price : 22.49
\nEvaluated at bid price : 23.15
\nBid-YTW : 6.48 %<\/td>\n<\/tr>\n
MFC.PR.J<\/td>\nFixedReset Ins Non<\/td>\n-2.34 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-07-21
\nMaturity Price : 23.44
\nEvaluated at bid price : 25.00
\nBid-YTW : 5.73 %<\/td>\n<\/tr>\n
IFC.PR.I<\/td>\nInsurance Straight<\/td>\n-2.13 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-07-21
\nMaturity Price : 22.60
\nEvaluated at bid price : 23.00
\nBid-YTW : 5.91 %<\/td>\n<\/tr>\n
NA.PR.I<\/td>\nFixedReset Prem<\/td>\n-1.29 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-07-21
\nMaturity Price : 23.58
\nEvaluated at bid price : 26.01
\nBid-YTW : 5.81 %<\/td>\n<\/tr>\n
IFC.PR.A<\/td>\nFixedReset Ins Non<\/td>\n-1.18 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-07-21
\nMaturity Price : 21.41
\nEvaluated at bid price : 21.75
\nBid-YTW : 5.52 %<\/td>\n<\/tr>\n
NA.PR.C<\/td>\nFixedReset Prem<\/td>\n1.06 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2027-11-15
\nMaturity Price : 25.00
\nEvaluated at bid price : 26.75
\nBid-YTW : 3.66 %<\/td>\n<\/tr>\n
ENB.PF.E<\/td>\nFixedReset Disc<\/td>\n1.07 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-07-21
\nMaturity Price : 20.82
\nEvaluated at bid price : 20.82
\nBid-YTW : 6.85 %<\/td>\n<\/tr>\n
BN.PF.D<\/td>\nPerpetual-Discount<\/td>\n1.19 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-07-21
\nMaturity Price : 20.49
\nEvaluated at bid price : 20.49
\nBid-YTW : 6.05 %<\/td>\n<\/tr>\n
MFC.PR.C<\/td>\nInsurance Straight<\/td>\n1.20 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-07-21
\nMaturity Price : 21.00
\nEvaluated at bid price : 21.00
\nBid-YTW : 5.42 %<\/td>\n<\/tr>\n
BN.PF.J<\/td>\nFixedReset Disc<\/td>\n1.21 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-07-21
\nMaturity Price : 23.48
\nEvaluated at bid price : 25.00
\nBid-YTW : 6.15 %<\/td>\n<\/tr>\n
BN.PF.F<\/td>\nFixedReset Disc<\/td>\n1.23 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-07-21
\nMaturity Price : 22.40
\nEvaluated at bid price : 23.13
\nBid-YTW : 6.40 %<\/td>\n<\/tr>\n
PWF.PR.P<\/td>\nFixedReset Disc<\/td>\n1.24 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-07-21
\nMaturity Price : 18.00
\nEvaluated at bid price : 18.00
\nBid-YTW : 6.35 %<\/td>\n<\/tr>\n
SLF.PR.C<\/td>\nInsurance Straight<\/td>\n1.25 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-07-21
\nMaturity Price : 21.07
\nEvaluated at bid price : 21.07
\nBid-YTW : 5.33 %<\/td>\n<\/tr>\n
CU.PR.C<\/td>\nFixedReset Disc<\/td>\n1.32 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-07-21
\nMaturity Price : 23.51
\nEvaluated at bid price : 23.86
\nBid-YTW : 5.74 %<\/td>\n<\/tr>\n
PWF.PR.S<\/td>\nPerpetual-Discount<\/td>\n1.35 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-07-21
\nMaturity Price : 21.03
\nEvaluated at bid price : 21.03
\nBid-YTW : 5.74 %<\/td>\n<\/tr>\n
PWF.PF.A<\/td>\nPerpetual-Discount<\/td>\n1.53 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-07-21
\nMaturity Price : 19.85
\nEvaluated at bid price : 19.85
\nBid-YTW : 5.70 %<\/td>\n<\/tr>\n
BN.PR.R<\/td>\nFixedReset Disc<\/td>\n2.58 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-07-21
\nMaturity Price : 18.30
\nEvaluated at bid price : 18.30
\nBid-YTW : 7.17 %<\/td>\n<\/tr>\n
BN.PF.A<\/td>\nFixedReset Disc<\/td>\n2.77 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-07-21
\nMaturity Price : 23.30
\nEvaluated at bid price : 24.85
\nBid-YTW : 6.15 %<\/td>\n<\/tr>\n
GWO.PR.H<\/td>\nInsurance Straight<\/td>\n2.84 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-07-21
\nMaturity Price : 21.49
\nEvaluated at bid price : 21.75
\nBid-YTW : 5.62 %<\/td>\n<\/tr>\n
BN.PR.N<\/td>\nPerpetual-Discount<\/td>\n8.23 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-07-21
\nMaturity Price : 20.00
\nEvaluated at bid price : 20.00
\nBid-YTW : 6.01 %<\/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
FFH.PR.I<\/td>\nFixedReset Disc<\/td>\n146,000<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-07-21
\nMaturity Price : 24.00
\nEvaluated at bid price : 24.68
\nBid-YTW : 5.91 %<\/td>\n<\/tr>\n
BN.PR.X<\/td>\nFixedReset Disc<\/td>\n60,100<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-07-21
\nMaturity Price : 19.30
\nEvaluated at bid price : 19.30
\nBid-YTW : 6.30 %<\/td>\n<\/tr>\n
FTS.PR.M<\/td>\nFixedReset Disc<\/td>\n39,200<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-07-21
\nMaturity Price : 22.67
\nEvaluated at bid price : 23.67
\nBid-YTW : 5.87 %<\/td>\n<\/tr>\n
FFH.PR.G<\/td>\nFixedReset Disc<\/td>\n35,900<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-07-21
\nMaturity Price : 23.37
\nEvaluated at bid price : 24.40
\nBid-YTW : 5.70 %<\/td>\n<\/tr>\n
MFC.PR.C<\/td>\nInsurance Straight<\/td>\n24,200<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-07-21
\nMaturity Price : 21.00
\nEvaluated at bid price : 21.00
\nBid-YTW : 5.42 %<\/td>\n<\/tr>\n
TD.PF.D<\/td>\nFixedReset Prem<\/td>\n20,200<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2025-08-30
\nMaturity Price : 25.00
\nEvaluated at bid price : 24.98
\nBid-YTW : 5.16 %<\/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
BN.PF.E<\/td>\nFixedReset Disc<\/td>\nQuote: 21.15 – 27.00
\nSpot Rate : 5.8500
\nAverage : 3.1619<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-07-21
\nMaturity Price : 21.15
\nEvaluated at bid price : 21.15
\nBid-YTW : 6.54 %<\/td>\n<\/tr>\n

GWO.PR.G<\/td>\nInsurance Straight<\/td>\nQuote: 22.54 – 25.00
\nSpot Rate : 2.4600
\nAverage : 1.3536<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-07-21
\nMaturity Price : 22.27
\nEvaluated at bid price : 22.54
\nBid-YTW : 5.82 %<\/td>\n<\/tr>\n

PWF.PR.F<\/td>\nPerpetual-Discount<\/td>\nQuote: 21.65 – 23.90
\nSpot Rate : 2.2500
\nAverage : 1.6063<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-07-21
\nMaturity Price : 21.38
\nEvaluated at bid price : 21.65
\nBid-YTW : 6.08 %<\/td>\n<\/tr>\n

CU.PR.D<\/td>\nPerpetual-Discount<\/td>\nQuote: 21.50 – 23.30
\nSpot Rate : 1.8000
\nAverage : 1.2436<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-07-21
\nMaturity Price : 21.50
\nEvaluated at bid price : 21.50
\nBid-YTW : 5.79 %<\/td>\n<\/tr>\n

IFC.PR.E<\/td>\nInsurance Straight<\/td>\nQuote: 23.94 – 24.99
\nSpot Rate : 1.0500
\nAverage : 0.6650<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-07-21
\nMaturity Price : 23.64
\nEvaluated at bid price : 23.94
\nBid-YTW : 5.47 %<\/td>\n<\/tr>\n

ENB.PR.N<\/td>\nFixedReset Disc<\/td>\nQuote: 23.15 – 23.95
\nSpot Rate : 0.8000
\nAverage : 0.4974<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-07-21
\nMaturity Price : 22.49
\nEvaluated at bid price : 23.15
\nBid-YTW : 6.48 %<\/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-48461","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/48461","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=48461"}],"version-history":[{"count":1,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/48461\/revisions"}],"predecessor-version":[{"id":48462,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/48461\/revisions\/48462"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=48461"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=48461"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=48461"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}