{"id":49403,"date":"2025-08-15T19:50:16","date_gmt":"2025-08-15T23:50:16","guid":{"rendered":"https:\/\/prefblog.com\/?p=49403"},"modified":"2025-08-15T19:50:16","modified_gmt":"2025-08-15T23:50:16","slug":"august-15-2025","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=49403","title":{"rendered":"August 15, 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>\n6.86 %<\/td>\n7.32 %<\/td>\n38,138<\/td>\n13.09<\/td>\n1<\/td>\n0.2491 %<\/td>\n2,405.9<\/td>\n<\/tr>\n
FixedFloater<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.0509 %<\/td>\n4,589.2<\/td>\n<\/tr>\n
Floater<\/td>\n6.62 %<\/td>\n6.91 %<\/td>\n37,587<\/td>\n12.60<\/td>\n3<\/td>\n-0.0509 %<\/td>\n2,644.8<\/td>\n<\/tr>\n
OpRet<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.0394 %<\/td>\n3,675.7<\/td>\n<\/tr>\n
SplitShare<\/td>\n4.76 %<\/td>\n4.50 %<\/td>\n51,830<\/td>\n2.37<\/td>\n7<\/td>\n0.0394 %<\/td>\n4,389.5<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.0394 %<\/td>\n3,424.9<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.83 %<\/td>\n2.03 %<\/td>\n100,735<\/td>\n0.08<\/td>\n2<\/td>\n-0.2983 %<\/td>\n3,055.0<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n5.63 %<\/td>\n5.72 %<\/td>\n43,622<\/td>\n14.28<\/td>\n30<\/td>\n-0.0104 %<\/td>\n3,324.8<\/td>\n<\/tr>\n
FixedReset Disc<\/td>\n5.65 %<\/td>\n6.19 %<\/td>\n114,803<\/td>\n13.32<\/td>\n37<\/td>\n-0.3962 %<\/td>\n3,005.2<\/td>\n<\/tr>\n
Insurance Straight<\/td>\n5.53 %<\/td>\n5.60 %<\/td>\n54,416<\/td>\n14.40<\/td>\n18<\/td>\n-0.4083 %<\/td>\n3,267.0<\/td>\n<\/tr>\n
FloatingReset<\/td>\n5.24 %<\/td>\n5.31 %<\/td>\n36,285<\/td>\n14.91<\/td>\n1<\/td>\n0.7273 %<\/td>\n3,759.7<\/td>\n<\/tr>\n
FixedReset Prem<\/td>\n5.89 %<\/td>\n5.11 %<\/td>\n117,700<\/td>\n2.49<\/td>\n17<\/td>\n0.0000 %<\/td>\n2,627.8<\/td>\n<\/tr>\n
FixedReset Bank Non<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.3962 %<\/td>\n3,071.9<\/td>\n<\/tr>\n
FixedReset Ins Non<\/td>\n5.23 %<\/td>\n5.63 %<\/td>\n66,761<\/td>\n14.21<\/td>\n15<\/td>\n-0.3534 %<\/td>\n3,061.7<\/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
ENB.PR.H<\/td>\nFixedReset Disc<\/td>\n-10.29 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-08-15
\nMaturity Price : 19.48
\nEvaluated at bid price : 19.48
\nBid-YTW : 6.79 %<\/td>\n<\/tr>\n
GWO.PR.H<\/td>\nInsurance Straight<\/td>\n-6.51 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-08-15
\nMaturity Price : 20.10
\nEvaluated at bid price : 20.10
\nBid-YTW : 6.13 %<\/td>\n<\/tr>\n
PWF.PR.S<\/td>\nPerpetual-Discount<\/td>\n-3.80 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-08-15
\nMaturity Price : 20.75
\nEvaluated at bid price : 20.75
\nBid-YTW : 5.84 %<\/td>\n<\/tr>\n
MFC.PR.N<\/td>\nFixedReset Ins Non<\/td>\n-3.35 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-08-15
\nMaturity Price : 22.36
\nEvaluated at bid price : 23.10
\nBid-YTW : 5.69 %<\/td>\n<\/tr>\n
CU.PR.G<\/td>\nPerpetual-Discount<\/td>\n-3.22 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-08-15
\nMaturity Price : 20.13
\nEvaluated at bid price : 20.13
\nBid-YTW : 5.61 %<\/td>\n<\/tr>\n
GWO.PR.Q<\/td>\nInsurance Straight<\/td>\n-1.95 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-08-15
\nMaturity Price : 22.33
\nEvaluated at bid price : 22.60
\nBid-YTW : 5.77 %<\/td>\n<\/tr>\n
MFC.PR.J<\/td>\nFixedReset Ins Non<\/td>\n-1.46 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-08-15
\nMaturity Price : 23.45
\nEvaluated at bid price : 25.00
\nBid-YTW : 5.66 %<\/td>\n<\/tr>\n
ENB.PR.P<\/td>\nFixedReset Disc<\/td>\n-1.09 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-08-15
\nMaturity Price : 21.45
\nEvaluated at bid price : 21.45
\nBid-YTW : 6.48 %<\/td>\n<\/tr>\n
ENB.PR.A<\/td>\nPerpetual-Discount<\/td>\n1.13 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-08-15
\nMaturity Price : 24.00
\nEvaluated at bid price : 24.25
\nBid-YTW : 5.68 %<\/td>\n<\/tr>\n
PWF.PR.L<\/td>\nPerpetual-Discount<\/td>\n1.14 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-08-15
\nMaturity Price : 22.00
\nEvaluated at bid price : 22.23
\nBid-YTW : 5.78 %<\/td>\n<\/tr>\n
IFC.PR.E<\/td>\nInsurance Straight<\/td>\n1.27 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-08-15
\nMaturity Price : 23.71
\nEvaluated at bid price : 24.00
\nBid-YTW : 5.48 %<\/td>\n<\/tr>\n
BN.PR.R<\/td>\nFixedReset Disc<\/td>\n1.56 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-08-15
\nMaturity Price : 19.55
\nEvaluated at bid price : 19.55
\nBid-YTW : 6.60 %<\/td>\n<\/tr>\n
BN.PR.Z<\/td>\nFixedReset Disc<\/td>\n1.90 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-08-15
\nMaturity Price : 23.13
\nEvaluated at bid price : 24.10
\nBid-YTW : 6.19 %<\/td>\n<\/tr>\n
SLF.PR.D<\/td>\nInsurance Straight<\/td>\n1.94 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-08-15
\nMaturity Price : 21.29
\nEvaluated at bid price : 21.56
\nBid-YTW : 5.22 %<\/td>\n<\/tr>\n
ENB.PR.N<\/td>\nFixedReset Disc<\/td>\n2.71 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-08-15
\nMaturity Price : 22.61
\nEvaluated at bid price : 23.36
\nBid-YTW : 6.21 %<\/td>\n<\/tr>\n
CIU.PR.A<\/td>\nPerpetual-Discount<\/td>\n3.88 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-08-15
\nMaturity Price : 20.36
\nEvaluated at bid price : 20.36
\nBid-YTW : 5.67 %<\/td>\n<\/tr>\n
BN.PF.E<\/td>\nFixedReset Disc<\/td>\n7.23 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-08-15
\nMaturity Price : 21.50
\nEvaluated at bid price : 21.50
\nBid-YTW : 6.37 %<\/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
BN.PR.R<\/td>\nFixedReset Disc<\/td>\n187,500<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-08-15
\nMaturity Price : 19.55
\nEvaluated at bid price : 19.55
\nBid-YTW : 6.60 %<\/td>\n<\/tr>\n
BN.PR.T<\/td>\nFixedReset Disc<\/td>\n133,600<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-08-15
\nMaturity Price : 20.05
\nEvaluated at bid price : 20.05
\nBid-YTW : 6.42 %<\/td>\n<\/tr>\n
BN.PF.H<\/td>\nFixedReset Prem<\/td>\n131,400<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2025-12-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.19
\nBid-YTW : 4.62 %<\/td>\n<\/tr>\n
TD.PF.E<\/td>\nFixedReset Disc<\/td>\n100,400<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2025-10-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.00
\nBid-YTW : 3.87 %<\/td>\n<\/tr>\n
BN.PR.X<\/td>\nFixedReset Disc<\/td>\n83,100<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-08-15
\nMaturity Price : 19.54
\nEvaluated at bid price : 19.54
\nBid-YTW : 6.12 %<\/td>\n<\/tr>\n
TD.PF.I<\/td>\nFixedReset Prem<\/td>\n42,050<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2027-10-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 26.02
\nBid-YTW : 4.50 %<\/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
ENB.PR.H<\/td>\nFixedReset Disc<\/td>\nQuote: 19.48 – 22.10
\nSpot Rate : 2.6200
\nAverage : 1.5254<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-08-15
\nMaturity Price : 19.48
\nEvaluated at bid price : 19.48
\nBid-YTW : 6.79 %<\/td>\n<\/tr>\n

CU.PR.G<\/td>\nPerpetual-Discount<\/td>\nQuote: 20.13 – 22.30
\nSpot Rate : 2.1700
\nAverage : 1.1989<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-08-15
\nMaturity Price : 20.13
\nEvaluated at bid price : 20.13
\nBid-YTW : 5.61 %<\/td>\n<\/tr>\n

CU.PR.D<\/td>\nPerpetual-Discount<\/td>\nQuote: 20.00 – 23.20
\nSpot Rate : 3.2000
\nAverage : 2.4271<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-08-15
\nMaturity Price : 20.00
\nEvaluated at bid price : 20.00
\nBid-YTW : 6.15 %<\/td>\n<\/tr>\n

GWO.PR.Q<\/td>\nInsurance Straight<\/td>\nQuote: 22.60 – 24.47
\nSpot Rate : 1.8700
\nAverage : 1.3982<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-08-15
\nMaturity Price : 22.33
\nEvaluated at bid price : 22.60
\nBid-YTW : 5.77 %<\/td>\n<\/tr>\n

GWO.PR.H<\/td>\nInsurance Straight<\/td>\nQuote: 20.10 – 22.43
\nSpot Rate : 2.3300
\nAverage : 1.8922<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-08-15
\nMaturity Price : 20.10
\nEvaluated at bid price : 20.10
\nBid-YTW : 6.13 %<\/td>\n<\/tr>\n

CU.PR.E<\/td>\nPerpetual-Discount<\/td>\nQuote: 22.02 – 23.20
\nSpot Rate : 1.1800
\nAverage : 0.8013<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-08-15
\nMaturity Price : 21.78
\nEvaluated at bid price : 22.02
\nBid-YTW : 5.57 %<\/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 6.86 % 7.32 …<\/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-49403","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/49403","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=49403"}],"version-history":[{"count":1,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/49403\/revisions"}],"predecessor-version":[{"id":49404,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/49403\/revisions\/49404"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=49403"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=49403"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=49403"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}