{"id":48697,"date":"2025-07-24T21:35:55","date_gmt":"2025-07-25T01:35:55","guid":{"rendered":"https:\/\/prefblog.com\/?p=48697"},"modified":"2025-07-24T21:35:55","modified_gmt":"2025-07-25T01:35:55","slug":"july-24-2025","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=48697","title":{"rendered":"July 24, 2025"},"content":{"rendered":"

The TXPR price index managed to eke out another 52-week high today of 674.51 (the close was 674.25), a touch higher than the old mark of 674.37 set yesterday.<\/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-0.0786 %<\/td>\n2,342.2<\/td>\n<\/tr>\n
FixedFloater<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.0786 %<\/td>\n4,559.5<\/td>\n<\/tr>\n
Floater<\/td>\n6.82 %<\/td>\n6.91 %<\/td>\n52,212<\/td>\n12.65<\/td>\n2<\/td>\n-0.0786 %<\/td>\n2,627.6<\/td>\n<\/tr>\n
OpRet<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.0673 %<\/td>\n3,678.8<\/td>\n<\/tr>\n
SplitShare<\/td>\n4.76 %<\/td>\n4.25 %<\/td>\n55,868<\/td>\n2.43<\/td>\n7<\/td>\n-0.0673 %<\/td>\n4,393.2<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.0673 %<\/td>\n3,427.8<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.2872 %<\/td>\n3,010.8<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n5.71 %<\/td>\n5.81 %<\/td>\n45,501<\/td>\n14.17<\/td>\n32<\/td>\n0.2872 %<\/td>\n3,283.1<\/td>\n<\/tr>\n
FixedReset Disc<\/td>\n5.59 %<\/td>\n6.25 %<\/td>\n116,364<\/td>\n13.22<\/td>\n40<\/td>\n0.0275 %<\/td>\n3,008.7<\/td>\n<\/tr>\n
Insurance Straight<\/td>\n5.61 %<\/td>\n5.70 %<\/td>\n53,461<\/td>\n14.33<\/td>\n19<\/td>\n-0.0710 %<\/td>\n3,230.7<\/td>\n<\/tr>\n
FloatingReset<\/td>\n5.54 %<\/td>\n5.38 %<\/td>\n39,933<\/td>\n14.83<\/td>\n2<\/td>\n0.1424 %<\/td>\n3,697.2<\/td>\n<\/tr>\n
FixedReset Prem<\/td>\n5.72 %<\/td>\n4.85 %<\/td>\n108,981<\/td>\n2.59<\/td>\n16<\/td>\n-0.1231 %<\/td>\n2,632.6<\/td>\n<\/tr>\n
FixedReset Bank Non<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.0275 %<\/td>\n3,075.5<\/td>\n<\/tr>\n
FixedReset Ins Non<\/td>\n5.18 %<\/td>\n5.57 %<\/td>\n73,364<\/td>\n14.20<\/td>\n14<\/td>\n0.5264 %<\/td>\n3,088.0<\/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
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-6.19 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-07-24
\nMaturity Price : 18.50
\nEvaluated at bid price : 18.50
\nBid-YTW : 7.10 %<\/td>\n<\/tr>\n
GWO.PR.H<\/td>\nInsurance Straight<\/td>\n-4.08 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-07-24
\nMaturity Price : 21.15
\nEvaluated at bid price : 21.15
\nBid-YTW : 5.80 %<\/td>\n<\/tr>\n
MFC.PR.B<\/td>\nInsurance Straight<\/td>\n-3.50 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-07-24
\nMaturity Price : 20.65
\nEvaluated at bid price : 20.65
\nBid-YTW : 5.71 %<\/td>\n<\/tr>\n
MFC.PR.M<\/td>\nFixedReset Ins Non<\/td>\n-1.29 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-07-24
\nMaturity Price : 22.99
\nEvaluated at bid price : 24.40
\nBid-YTW : 5.57 %<\/td>\n<\/tr>\n
CU.PR.C<\/td>\nFixedReset Disc<\/td>\n-1.01 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-07-24
\nMaturity Price : 23.15
\nEvaluated at bid price : 23.51
\nBid-YTW : 5.83 %<\/td>\n<\/tr>\n
BN.PF.J<\/td>\nFixedReset Disc<\/td>\n1.00 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2027-12-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.25
\nBid-YTW : 6.00 %<\/td>\n<\/tr>\n
CU.PR.F<\/td>\nPerpetual-Discount<\/td>\n1.05 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-07-24
\nMaturity Price : 20.21
\nEvaluated at bid price : 20.21
\nBid-YTW : 5.66 %<\/td>\n<\/tr>\n
ENB.PF.A<\/td>\nFixedReset Disc<\/td>\n1.13 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-07-24
\nMaturity Price : 21.40
\nEvaluated at bid price : 21.40
\nBid-YTW : 6.78 %<\/td>\n<\/tr>\n
GWO.PR.L<\/td>\nInsurance Straight<\/td>\n1.23 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-07-24
\nMaturity Price : 24.46
\nEvaluated at bid price : 24.70
\nBid-YTW : 5.77 %<\/td>\n<\/tr>\n
BN.PF.D<\/td>\nPerpetual-Discount<\/td>\n1.27 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-07-24
\nMaturity Price : 20.73
\nEvaluated at bid price : 20.73
\nBid-YTW : 5.98 %<\/td>\n<\/tr>\n
RY.PR.M<\/td>\nFixedReset Disc<\/td>\n1.38 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-07-24
\nMaturity Price : 23.87
\nEvaluated at bid price : 24.65
\nBid-YTW : 5.66 %<\/td>\n<\/tr>\n
PWF.PR.Z<\/td>\nPerpetual-Discount<\/td>\n1.91 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-07-24
\nMaturity Price : 22.04
\nEvaluated at bid price : 22.40
\nBid-YTW : 5.76 %<\/td>\n<\/tr>\n
GWO.PR.P<\/td>\nInsurance Straight<\/td>\n1.96 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-07-24
\nMaturity Price : 23.61
\nEvaluated at bid price : 23.88
\nBid-YTW : 5.70 %<\/td>\n<\/tr>\n
PWF.PR.S<\/td>\nPerpetual-Discount<\/td>\n2.07 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-07-24
\nMaturity Price : 21.18
\nEvaluated at bid price : 21.18
\nBid-YTW : 5.70 %<\/td>\n<\/tr>\n
PWF.PR.K<\/td>\nPerpetual-Discount<\/td>\n3.28 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-07-24
\nMaturity Price : 21.44
\nEvaluated at bid price : 21.70
\nBid-YTW : 5.72 %<\/td>\n<\/tr>\n
IFC.PR.I<\/td>\nInsurance Straight<\/td>\n4.09 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-07-24
\nMaturity Price : 23.51
\nEvaluated at bid price : 23.94
\nBid-YTW : 5.68 %<\/td>\n<\/tr>\n
IFC.PR.A<\/td>\nFixedReset Ins Non<\/td>\n10.34 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-07-24
\nMaturity Price : 22.10
\nEvaluated at bid price : 22.40
\nBid-YTW : 5.37 %<\/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
SLF.PR.G<\/td>\nFixedReset Ins Non<\/td>\n159,400<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-07-24
\nMaturity Price : 18.69
\nEvaluated at bid price : 18.69
\nBid-YTW : 5.93 %<\/td>\n<\/tr>\n
BEP.PR.G<\/td>\nFixedReset Ins Non<\/td>\n98,144<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2026-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.08
\nBid-YTW : 4.66 %<\/td>\n<\/tr>\n
BN.PF.H<\/td>\nFixedReset Prem<\/td>\n70,300<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2025-12-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.21
\nBid-YTW : 3.79 %<\/td>\n<\/tr>\n
BN.PR.R<\/td>\nFixedReset Disc<\/td>\n70,152<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-07-24
\nMaturity Price : 18.50
\nEvaluated at bid price : 18.50
\nBid-YTW : 7.10 %<\/td>\n<\/tr>\n
PWF.PR.P<\/td>\nFixedReset Disc<\/td>\n52,470<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-07-24
\nMaturity Price : 18.25
\nEvaluated at bid price : 18.25
\nBid-YTW : 6.26 %<\/td>\n<\/tr>\n
TD.PF.D<\/td>\nFixedReset Prem<\/td>\n40,000<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2025-08-30
\nMaturity Price : 25.00
\nEvaluated at bid price : 24.98
\nBid-YTW : 5.58 %<\/td>\n<\/tr>\n
There were 7 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.F<\/td>\nFixedReset Ins Non<\/td>\nQuote: 18.26 – 19.90
\nSpot Rate : 1.6400
\nAverage : 1.1975<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-07-24
\nMaturity Price : 18.26
\nEvaluated at bid price : 18.26
\nBid-YTW : 5.98 %<\/td>\n<\/tr>\n

BN.PR.R<\/td>\nFixedReset Disc<\/td>\nQuote: 18.50 – 20.14
\nSpot Rate : 1.6400
\nAverage : 1.2154<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-07-24
\nMaturity Price : 18.50
\nEvaluated at bid price : 18.50
\nBid-YTW : 7.10 %<\/td>\n<\/tr>\n

GWO.PR.H<\/td>\nInsurance Straight<\/td>\nQuote: 21.15 – 22.15
\nSpot Rate : 1.0000
\nAverage : 0.6426<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-07-24
\nMaturity Price : 21.15
\nEvaluated at bid price : 21.15
\nBid-YTW : 5.80 %<\/td>\n<\/tr>\n

MFC.PR.B<\/td>\nInsurance Straight<\/td>\nQuote: 20.65 – 21.50
\nSpot Rate : 0.8500
\nAverage : 0.6034<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-07-24
\nMaturity Price : 20.65
\nEvaluated at bid price : 20.65
\nBid-YTW : 5.71 %<\/td>\n<\/tr>\n

ENB.PF.E<\/td>\nFixedReset Disc<\/td>\nQuote: 20.86 – 21.50
\nSpot Rate : 0.6400
\nAverage : 0.4110<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-07-24
\nMaturity Price : 20.86
\nEvaluated at bid price : 20.86
\nBid-YTW : 6.84 %<\/td>\n<\/tr>\n

RY.PR.N<\/td>\nPerpetual-Discount<\/td>\nQuote: 24.76 – 25.35
\nSpot Rate : 0.5900
\nAverage : 0.3681<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-07-24
\nMaturity Price : 24.51
\nEvaluated at bid price : 24.76
\nBid-YTW : 4.94 %<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

The TXPR price index managed to eke out another 52-week high today of 674.51 (the close was 674.25), a touch higher than the old mark of 674.37 set yesterday. HIMIPref™ Preferred IndicesThese values reflect the …<\/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-48697","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/48697","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=48697"}],"version-history":[{"count":1,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/48697\/revisions"}],"predecessor-version":[{"id":48698,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/48697\/revisions\/48698"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=48697"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=48697"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=48697"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}