{"id":49468,"date":"2025-08-18T22:02:57","date_gmt":"2025-08-19T02:02:57","guid":{"rendered":"https:\/\/prefblog.com\/?p=49468"},"modified":"2025-08-18T22:02:57","modified_gmt":"2025-08-19T02:02:57","slug":"august-18-2025","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=49468","title":{"rendered":"August 18, 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>\n7.33 %<\/td>\n36,671<\/td>\n13.09<\/td>\n1<\/td>\n0.0000 %<\/td>\n2,405.9<\/td>\n<\/tr>\n
FixedFloater<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.4586 %<\/td>\n4,568.1<\/td>\n<\/tr>\n
Floater<\/td>\n6.65 %<\/td>\n6.92 %<\/td>\n37,658<\/td>\n12.58<\/td>\n3<\/td>\n-0.4586 %<\/td>\n2,632.6<\/td>\n<\/tr>\n
OpRet<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.2866 %<\/td>\n3,686.2<\/td>\n<\/tr>\n
SplitShare<\/td>\n4.75 %<\/td>\n4.37 %<\/td>\n51,178<\/td>\n2.36<\/td>\n7<\/td>\n0.2866 %<\/td>\n4,402.1<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.2866 %<\/td>\n3,434.7<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.83 %<\/td>\n2.62 %<\/td>\n99,552<\/td>\n0.08<\/td>\n2<\/td>\n0.0000 %<\/td>\n3,055.0<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n5.60 %<\/td>\n5.72 %<\/td>\n44,001<\/td>\n14.30<\/td>\n30<\/td>\n0.5968 %<\/td>\n3,344.7<\/td>\n<\/tr>\n
FixedReset Disc<\/td>\n5.64 %<\/td>\n6.24 %<\/td>\n113,458<\/td>\n13.25<\/td>\n37<\/td>\n0.1797 %<\/td>\n3,010.6<\/td>\n<\/tr>\n
Insurance Straight<\/td>\n5.47 %<\/td>\n5.60 %<\/td>\n57,406<\/td>\n14.42<\/td>\n18<\/td>\n1.0423 %<\/td>\n3,301.0<\/td>\n<\/tr>\n
FloatingReset<\/td>\n5.26 %<\/td>\n5.32 %<\/td>\n34,868<\/td>\n14.88<\/td>\n1<\/td>\n-0.2407 %<\/td>\n3,750.6<\/td>\n<\/tr>\n
FixedReset Prem<\/td>\n5.88 %<\/td>\n5.00 %<\/td>\n121,116<\/td>\n2.48<\/td>\n17<\/td>\n0.0707 %<\/td>\n2,629.7<\/td>\n<\/tr>\n
FixedReset Bank Non<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.1797 %<\/td>\n3,077.4<\/td>\n<\/tr>\n
FixedReset Ins Non<\/td>\n5.21 %<\/td>\n5.64 %<\/td>\n67,372<\/td>\n14.13<\/td>\n15<\/td>\n0.3983 %<\/td>\n3,073.9<\/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
Performance Highlights<\/strong><\/td>\n<\/tr>\n
Issue<\/td>\nIndex<\/td>\nChange<\/td>\nNotes<\/td>\n<\/tr>\n
PWF.PR.A<\/td>\nFloater<\/td>\n-1.16 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-08-18
\nMaturity Price : 13.60
\nEvaluated at bid price : 13.60
\nBid-YTW : 6.42 %<\/td>\n<\/tr>\n
ENB.PR.A<\/td>\nPerpetual-Discount<\/td>\n-1.03 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-08-18
\nMaturity Price : 23.69
\nEvaluated at bid price : 24.00
\nBid-YTW : 5.74 %<\/td>\n<\/tr>\n
ENB.PR.P<\/td>\nFixedReset Disc<\/td>\n1.26 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-08-18
\nMaturity Price : 21.39
\nEvaluated at bid price : 21.72
\nBid-YTW : 6.47 %<\/td>\n<\/tr>\n
SLF.PR.E<\/td>\nInsurance Straight<\/td>\n1.30 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-08-18
\nMaturity Price : 21.54
\nEvaluated at bid price : 21.80
\nBid-YTW : 5.22 %<\/td>\n<\/tr>\n
PWF.PR.E<\/td>\nPerpetual-Discount<\/td>\n1.39 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-08-18
\nMaturity Price : 23.88
\nEvaluated at bid price : 24.13
\nBid-YTW : 5.74 %<\/td>\n<\/tr>\n
GWO.PR.N<\/td>\nFixedReset Ins Non<\/td>\n1.39 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-08-18
\nMaturity Price : 18.25
\nEvaluated at bid price : 18.25
\nBid-YTW : 5.88 %<\/td>\n<\/tr>\n
PVS.PR.H<\/td>\nSplitShare<\/td>\n1.48 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2026-02-28
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.37
\nBid-YTW : 3.65 %<\/td>\n<\/tr>\n
MFC.PR.J<\/td>\nFixedReset Ins Non<\/td>\n1.52 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-08-18
\nMaturity Price : 23.58
\nEvaluated at bid price : 25.38
\nBid-YTW : 5.64 %<\/td>\n<\/tr>\n
GWO.PR.I<\/td>\nInsurance Straight<\/td>\n1.61 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-08-18
\nMaturity Price : 20.83
\nEvaluated at bid price : 20.83
\nBid-YTW : 5.49 %<\/td>\n<\/tr>\n
SLF.PR.H<\/td>\nFixedReset Ins Non<\/td>\n1.75 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-08-18
\nMaturity Price : 21.52
\nEvaluated at bid price : 21.52
\nBid-YTW : 5.90 %<\/td>\n<\/tr>\n
GWO.PR.Q<\/td>\nInsurance Straight<\/td>\n1.77 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-08-18
\nMaturity Price : 22.71
\nEvaluated at bid price : 23.00
\nBid-YTW : 5.67 %<\/td>\n<\/tr>\n
GWO.PR.R<\/td>\nInsurance Straight<\/td>\n1.88 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-08-18
\nMaturity Price : 21.44
\nEvaluated at bid price : 21.70
\nBid-YTW : 5.60 %<\/td>\n<\/tr>\n
ENB.PR.N<\/td>\nFixedReset Disc<\/td>\n2.40 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-08-18
\nMaturity Price : 22.90
\nEvaluated at bid price : 23.92
\nBid-YTW : 6.13 %<\/td>\n<\/tr>\n
CU.PR.G<\/td>\nPerpetual-Discount<\/td>\n3.33 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-08-18
\nMaturity Price : 20.80
\nEvaluated at bid price : 20.80
\nBid-YTW : 5.43 %<\/td>\n<\/tr>\n
PWF.PR.S<\/td>\nPerpetual-Discount<\/td>\n3.47 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-08-18
\nMaturity Price : 21.47
\nEvaluated at bid price : 21.47
\nBid-YTW : 5.65 %<\/td>\n<\/tr>\n
BIP.PR.F<\/td>\nFixedReset Disc<\/td>\n3.68 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-08-18
\nMaturity Price : 23.36
\nEvaluated at bid price : 25.10
\nBid-YTW : 6.04 %<\/td>\n<\/tr>\n
GWO.PR.G<\/td>\nInsurance Straight<\/td>\n3.79 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-08-18
\nMaturity Price : 23.03
\nEvaluated at bid price : 23.30
\nBid-YTW : 5.65 %<\/td>\n<\/tr>\n
GWO.PR.P<\/td>\nInsurance Straight<\/td>\n5.38 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-08-18
\nMaturity Price : 24.05
\nEvaluated at bid price : 24.30
\nBid-YTW : 5.63 %<\/td>\n<\/tr>\n
CU.PR.D<\/td>\nPerpetual-Discount<\/td>\n9.95 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-08-18
\nMaturity Price : 21.74
\nEvaluated at bid price : 21.99
\nBid-YTW : 5.58 %<\/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
PWF.PR.P<\/td>\nFixedReset Disc<\/td>\n232,000<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-08-18
\nMaturity Price : 18.36
\nEvaluated at bid price : 18.36
\nBid-YTW : 6.22 %<\/td>\n<\/tr>\n
CU.PR.I<\/td>\nFixedReset Prem<\/td>\n153,000<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2025-12-01
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.05
\nBid-YTW : 3.22 %<\/td>\n<\/tr>\n
PWF.PR.K<\/td>\nPerpetual-Discount<\/td>\n95,100<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-08-18
\nMaturity Price : 21.82
\nEvaluated at bid price : 22.06
\nBid-YTW : 5.65 %<\/td>\n<\/tr>\n
PWF.PR.Z<\/td>\nPerpetual-Discount<\/td>\n90,100<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-08-18
\nMaturity Price : 22.27
\nEvaluated at bid price : 22.65
\nBid-YTW : 5.72 %<\/td>\n<\/tr>\n
CM.PR.S<\/td>\nFixedReset Prem<\/td>\n80,000<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2028-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.76
\nBid-YTW : 4.71 %<\/td>\n<\/tr>\n
FTS.PR.M<\/td>\nFixedReset Disc<\/td>\n75,000<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-08-18
\nMaturity Price : 22.60
\nEvaluated at bid price : 23.51
\nBid-YTW : 5.92 %<\/td>\n<\/tr>\n
There were 37 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: 21.60 – 25.00
\nSpot Rate : 3.4000
\nAverage : 2.0645<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-08-18
\nMaturity Price : 21.32
\nEvaluated at bid price : 21.60
\nBid-YTW : 6.40 %<\/td>\n<\/tr>\n

ENB.PR.H<\/td>\nFixedReset Disc<\/td>\nQuote: 19.56 – 22.05
\nSpot Rate : 2.4900
\nAverage : 2.0299<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-08-18
\nMaturity Price : 19.56
\nEvaluated at bid price : 19.56
\nBid-YTW : 6.86 %<\/td>\n<\/tr>\n

BN.PR.B<\/td>\nFloater<\/td>\nQuote: 12.75 – 13.75
\nSpot Rate : 1.0000
\nAverage : 0.5411<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-08-18
\nMaturity Price : 12.75
\nEvaluated at bid price : 12.75
\nBid-YTW : 6.92 %<\/td>\n<\/tr>\n

GWO.PR.H<\/td>\nInsurance Straight<\/td>\nQuote: 20.10 – 22.95
\nSpot Rate : 2.8500
\nAverage : 2.3931<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-08-18
\nMaturity Price : 20.10
\nEvaluated at bid price : 20.10
\nBid-YTW : 6.14 %<\/td>\n<\/tr>\n

CU.PR.F<\/td>\nPerpetual-Discount<\/td>\nQuote: 20.59 – 21.75
\nSpot Rate : 1.1600
\nAverage : 0.9066<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-08-18
\nMaturity Price : 20.59
\nEvaluated at bid price : 20.59
\nBid-YTW : 5.49 %<\/td>\n<\/tr>\n

PWF.PF.A<\/td>\nPerpetual-Discount<\/td>\nQuote: 20.20 – 20.88
\nSpot Rate : 0.6800
\nAverage : 0.4412<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-08-18
\nMaturity Price : 20.20
\nEvaluated at bid price : 20.20
\nBid-YTW : 5.63 %<\/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 % 7.33 …<\/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-49468","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/49468","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=49468"}],"version-history":[{"count":1,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/49468\/revisions"}],"predecessor-version":[{"id":49469,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/49468\/revisions\/49469"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=49468"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=49468"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=49468"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}