{"id":49049,"date":"2025-08-05T20:45:37","date_gmt":"2025-08-06T00:45:37","guid":{"rendered":"https:\/\/prefblog.com\/?p=49049"},"modified":"2025-08-05T20:45:37","modified_gmt":"2025-08-06T00:45:37","slug":"august-5-2025","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=49049","title":{"rendered":"August 5, 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>\n1<\/td>\n0.3318 %<\/td>\n2,361.1<\/td>\n<\/tr>\n
FixedFloater<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.3318 %<\/td>\n4,596.2<\/td>\n<\/tr>\n
Floater<\/td>\n6.61 %<\/td>\n6.88 %<\/td>\n43,454<\/td>\n12.67<\/td>\n3<\/td>\n0.3318 %<\/td>\n2,648.8<\/td>\n<\/tr>\n
OpRet<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.2301 %<\/td>\n3,688.3<\/td>\n<\/tr>\n
SplitShare<\/td>\n4.75 %<\/td>\n3.97 %<\/td>\n51,381<\/td>\n0.55<\/td>\n7<\/td>\n0.2301 %<\/td>\n4,404.6<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.2301 %<\/td>\n3,436.6<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n2<\/td>\n0.3041 %<\/td>\n3,053.2<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n5.62 %<\/td>\n5.75 %<\/td>\n44,679<\/td>\n14.22<\/td>\n30<\/td>\n0.3041 %<\/td>\n3,329.4<\/td>\n<\/tr>\n
FixedReset Disc<\/td>\n5.62 %<\/td>\n6.26 %<\/td>\n118,162<\/td>\n13.17<\/td>\n37<\/td>\n-0.0691 %<\/td>\n3,021.8<\/td>\n<\/tr>\n
Insurance Straight<\/td>\n5.61 %<\/td>\n5.72 %<\/td>\n59,628<\/td>\n14.29<\/td>\n18<\/td>\n-1.0935 %<\/td>\n3,218.6<\/td>\n<\/tr>\n
FloatingReset<\/td>\n5.29 %<\/td>\n5.35 %<\/td>\n37,622<\/td>\n14.86<\/td>\n1<\/td>\n0.3249 %<\/td>\n3,725.0<\/td>\n<\/tr>\n
FixedReset Prem<\/td>\n5.87 %<\/td>\n4.84 %<\/td>\n112,319<\/td>\n2.56<\/td>\n17<\/td>\n0.2669 %<\/td>\n2,635.8<\/td>\n<\/tr>\n
FixedReset Bank Non<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.0691 %<\/td>\n3,088.9<\/td>\n<\/tr>\n
FixedReset Ins Non<\/td>\n5.21 %<\/td>\n5.60 %<\/td>\n68,076<\/td>\n14.29<\/td>\n15<\/td>\n0.5585 %<\/td>\n3,077.1<\/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\n\n\n\n
Performance Highlights<\/strong><\/td>\n<\/tr>\n
Issue<\/td>\nIndex<\/td>\nChange<\/td>\nNotes<\/td>\n<\/tr>\n
GWO.PR.H<\/td>\nInsurance Straight<\/td>\n-8.22 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-08-05
\nMaturity Price : 20.10
\nEvaluated at bid price : 20.10
\nBid-YTW : 6.12 %<\/td>\n<\/tr>\n
BIP.PR.F<\/td>\nFixedReset Disc<\/td>\n-7.29 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-08-05
\nMaturity Price : 22.33
\nEvaluated at bid price : 22.90
\nBid-YTW : 6.62 %<\/td>\n<\/tr>\n
ENB.PR.H<\/td>\nFixedReset Disc<\/td>\n-6.04 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-08-05
\nMaturity Price : 21.00
\nEvaluated at bid price : 21.00
\nBid-YTW : 6.43 %<\/td>\n<\/tr>\n
MFC.PR.B<\/td>\nInsurance Straight<\/td>\n-4.04 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-08-05
\nMaturity Price : 20.65
\nEvaluated at bid price : 20.65
\nBid-YTW : 5.72 %<\/td>\n<\/tr>\n
SLF.PR.E<\/td>\nInsurance Straight<\/td>\n-3.13 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-08-05
\nMaturity Price : 20.75
\nEvaluated at bid price : 20.75
\nBid-YTW : 5.49 %<\/td>\n<\/tr>\n
GWO.PR.G<\/td>\nInsurance Straight<\/td>\n-2.71 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-08-05
\nMaturity Price : 22.07
\nEvaluated at bid price : 22.30
\nBid-YTW : 5.90 %<\/td>\n<\/tr>\n
GWO.PR.P<\/td>\nInsurance Straight<\/td>\n-2.66 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-08-05
\nMaturity Price : 23.16
\nEvaluated at bid price : 23.42
\nBid-YTW : 5.83 %<\/td>\n<\/tr>\n
CU.PR.H<\/td>\nPerpetual-Discount<\/td>\n-1.14 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-08-05
\nMaturity Price : 23.17
\nEvaluated at bid price : 23.43
\nBid-YTW : 5.70 %<\/td>\n<\/tr>\n
IFC.PR.C<\/td>\nFixedReset Ins Non<\/td>\n1.01 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-08-05
\nMaturity Price : 23.50
\nEvaluated at bid price : 24.00
\nBid-YTW : 5.70 %<\/td>\n<\/tr>\n
ENB.PF.K<\/td>\nFixedReset Disc<\/td>\n1.03 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-08-05
\nMaturity Price : 23.25
\nEvaluated at bid price : 24.46
\nBid-YTW : 6.34 %<\/td>\n<\/tr>\n
BN.PF.B<\/td>\nFixedReset Disc<\/td>\n1.03 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-08-05
\nMaturity Price : 22.62
\nEvaluated at bid price : 23.45
\nBid-YTW : 6.13 %<\/td>\n<\/tr>\n
GWO.PR.Y<\/td>\nInsurance Straight<\/td>\n1.15 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-08-05
\nMaturity Price : 20.20
\nEvaluated at bid price : 20.20
\nBid-YTW : 5.65 %<\/td>\n<\/tr>\n
CU.PR.E<\/td>\nPerpetual-Discount<\/td>\n1.20 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-08-05
\nMaturity Price : 21.76
\nEvaluated at bid price : 22.01
\nBid-YTW : 5.66 %<\/td>\n<\/tr>\n
BIP.PR.B<\/td>\nFixedReset Prem<\/td>\n1.28 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2025-12-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.41
\nBid-YTW : 2.72 %<\/td>\n<\/tr>\n
FTS.PR.J<\/td>\nPerpetual-Discount<\/td>\n1.44 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-08-05
\nMaturity Price : 22.19
\nEvaluated at bid price : 22.47
\nBid-YTW : 5.37 %<\/td>\n<\/tr>\n
RY.PR.S<\/td>\nFixedReset Prem<\/td>\n1.46 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2029-02-24
\nMaturity Price : 25.00
\nEvaluated at bid price : 26.45
\nBid-YTW : 4.05 %<\/td>\n<\/tr>\n
MFC.PR.M<\/td>\nFixedReset Ins Non<\/td>\n1.65 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-08-05
\nMaturity Price : 22.82
\nEvaluated at bid price : 23.99
\nBid-YTW : 5.62 %<\/td>\n<\/tr>\n
RY.PR.N<\/td>\nPerpetual-Discount<\/td>\n1.71 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2025-09-04
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.00
\nBid-YTW : 1.80 %<\/td>\n<\/tr>\n
PWF.PR.T<\/td>\nFixedReset Disc<\/td>\n1.73 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-08-05
\nMaturity Price : 22.98
\nEvaluated at bid price : 24.15
\nBid-YTW : 5.54 %<\/td>\n<\/tr>\n
CIU.PR.A<\/td>\nPerpetual-Discount<\/td>\n1.86 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-08-05
\nMaturity Price : 20.25
\nEvaluated at bid price : 20.25
\nBid-YTW : 5.79 %<\/td>\n<\/tr>\n
MFC.PR.L<\/td>\nFixedReset Ins Non<\/td>\n1.89 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-08-05
\nMaturity Price : 22.96
\nEvaluated at bid price : 24.20
\nBid-YTW : 5.45 %<\/td>\n<\/tr>\n
BN.PR.M<\/td>\nPerpetual-Discount<\/td>\n2.11 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-08-05
\nMaturity Price : 20.81
\nEvaluated at bid price : 20.81
\nBid-YTW : 5.79 %<\/td>\n<\/tr>\n
BN.PF.D<\/td>\nPerpetual-Discount<\/td>\n2.50 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-08-05
\nMaturity Price : 21.29
\nEvaluated at bid price : 21.29
\nBid-YTW : 5.84 %<\/td>\n<\/tr>\n
SLF.PR.G<\/td>\nFixedReset Ins Non<\/td>\n3.17 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-08-05
\nMaturity Price : 18.57
\nEvaluated at bid price : 18.57
\nBid-YTW : 5.89 %<\/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
BMO.PR.Y<\/td>\nFixedReset Disc<\/td>\n75,900<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2025-09-24
\nMaturity Price : 25.00
\nEvaluated at bid price : 24.96
\nBid-YTW : 4.60 %<\/td>\n<\/tr>\n
FFH.PR.K<\/td>\nFixedReset Prem<\/td>\n37,500<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2027-03-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.20
\nBid-YTW : 4.88 %<\/td>\n<\/tr>\n
IFC.PR.C<\/td>\nFixedReset Ins Non<\/td>\n28,000<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-08-05
\nMaturity Price : 23.50
\nEvaluated at bid price : 24.00
\nBid-YTW : 5.70 %<\/td>\n<\/tr>\n
BN.PF.K<\/td>\n<\/td>\n22,400<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-08-05
\nMaturity Price : 22.00
\nEvaluated at bid price : 15.80
\nBid-YTW : 7.47 %<\/td>\n<\/tr>\n
BN.PF.H<\/td>\nFixedReset Prem<\/td>\n18,900<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2025-12-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.18
\nBid-YTW : 4.40 %<\/td>\n<\/tr>\n
PWF.PR.A<\/td>\nFloater<\/td>\n18,500<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-08-05
\nMaturity Price : 13.75
\nEvaluated at bid price : 13.75
\nBid-YTW : 6.34 %<\/td>\n<\/tr>\n
There were 9 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
BIP.PR.F<\/td>\nFixedReset Disc<\/td>\nQuote: 22.90 – 25.24
\nSpot Rate : 2.3400
\nAverage : 1.3315<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-08-05
\nMaturity Price : 22.33
\nEvaluated at bid price : 22.90
\nBid-YTW : 6.62 %<\/td>\n<\/tr>\n

GWO.PR.H<\/td>\nInsurance Straight<\/td>\nQuote: 20.10 – 22.38
\nSpot Rate : 2.2800
\nAverage : 1.3566<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-08-05
\nMaturity Price : 20.10
\nEvaluated at bid price : 20.10
\nBid-YTW : 6.12 %<\/td>\n<\/tr>\n

ENB.PR.H<\/td>\nFixedReset Disc<\/td>\nQuote: 21.00 – 22.76
\nSpot Rate : 1.7600
\nAverage : 1.0682<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-08-05
\nMaturity Price : 21.00
\nEvaluated at bid price : 21.00
\nBid-YTW : 6.43 %<\/td>\n<\/tr>\n

GWO.PR.G<\/td>\nInsurance Straight<\/td>\nQuote: 22.30 – 23.90
\nSpot Rate : 1.6000
\nAverage : 0.9589<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-08-05
\nMaturity Price : 22.07
\nEvaluated at bid price : 22.30
\nBid-YTW : 5.90 %<\/td>\n<\/tr>\n

MFC.PR.B<\/td>\nInsurance Straight<\/td>\nQuote: 20.65 – 22.50
\nSpot Rate : 1.8500
\nAverage : 1.3012<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-08-05
\nMaturity Price : 20.65
\nEvaluated at bid price : 20.65
\nBid-YTW : 5.72 %<\/td>\n<\/tr>\n

POW.PR.B<\/td>\nPerpetual-Discount<\/td>\nQuote: 23.50 – 24.49
\nSpot Rate : 0.9900
\nAverage : 0.5756<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-08-05
\nMaturity Price : 23.20
\nEvaluated at bid price : 23.50
\nBid-YTW : 5.74 %<\/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-49049","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/49049","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=49049"}],"version-history":[{"count":1,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/49049\/revisions"}],"predecessor-version":[{"id":49050,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/49049\/revisions\/49050"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=49049"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=49049"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=49049"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}