{"id":50112,"date":"2025-09-22T21:42:46","date_gmt":"2025-09-23T01:42:46","guid":{"rendered":"https:\/\/prefblog.com\/?p=50112"},"modified":"2025-09-22T21:43:02","modified_gmt":"2025-09-23T01:43:02","slug":"september-22-2025","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=50112","title":{"rendered":"September 22, 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>\n6.65 %<\/td>\n7.09 %<\/td>\n33,928<\/td>\n13.33<\/td>\n1<\/td>\n0.0000 %<\/td>\n2,465.7<\/td>\n<\/tr>\n
FixedFloater<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.0505 %<\/td>\n4,637.1<\/td>\n<\/tr>\n
Floater<\/td>\n6.22 %<\/td>\n6.52 %<\/td>\n67,998<\/td>\n13.22<\/td>\n3<\/td>\n0.0505 %<\/td>\n2,672.4<\/td>\n<\/tr>\n
OpRet<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.0199 %<\/td>\n3,636.3<\/td>\n<\/tr>\n
SplitShare<\/td>\n4.82 %<\/td>\n4.61 %<\/td>\n63,375<\/td>\n3.38<\/td>\n6<\/td>\n0.0199 %<\/td>\n4,342.5<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.0199 %<\/td>\n3,388.2<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.54 %<\/td>\n3.91 %<\/td>\n85,166<\/td>\n0.08<\/td>\n4<\/td>\n0.2381 %<\/td>\n3,083.7<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n5.60 %<\/td>\n5.71 %<\/td>\n46,365<\/td>\n14.26<\/td>\n28<\/td>\n0.7577 %<\/td>\n3,358.7<\/td>\n<\/tr>\n
FixedReset Disc<\/td>\n5.92 %<\/td>\n6.02 %<\/td>\n120,307<\/td>\n13.67<\/td>\n32<\/td>\n0.1595 %<\/td>\n3,028.7<\/td>\n<\/tr>\n
Insurance Straight<\/td>\n5.55 %<\/td>\n5.59 %<\/td>\n55,264<\/td>\n14.51<\/td>\n18<\/td>\n0.2220 %<\/td>\n3,257.8<\/td>\n<\/tr>\n
FloatingReset<\/td>\n5.00 %<\/td>\n4.90 %<\/td>\n46,812<\/td>\n0.10<\/td>\n1<\/td>\n0.0000 %<\/td>\n3,767.2<\/td>\n<\/tr>\n
FixedReset Prem<\/td>\n5.70 %<\/td>\n5.02 %<\/td>\n119,149<\/td>\n2.39<\/td>\n21<\/td>\n-0.1640 %<\/td>\n2,613.1<\/td>\n<\/tr>\n
FixedReset Bank Non<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.1595 %<\/td>\n3,095.9<\/td>\n<\/tr>\n
FixedReset Ins Non<\/td>\n5.28 %<\/td>\n5.41 %<\/td>\n61,277<\/td>\n14.52<\/td>\n15<\/td>\n-0.2663 %<\/td>\n3,034.0<\/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
Performance Highlights<\/strong><\/td>\n<\/tr>\n
Issue<\/td>\nIndex<\/td>\nChange<\/td>\nNotes<\/td>\n<\/tr>\n
BIP.PR.E<\/td>\nFixedReset Prem<\/td>\n-8.76 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-09-22
\nMaturity Price : 22.44
\nEvaluated at bid price : 22.90
\nBid-YTW : 6.45 %<\/td>\n<\/tr>\n
GWO.PR.N<\/td>\nFixedReset Ins Non<\/td>\n-8.26 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-09-22
\nMaturity Price : 16.00
\nEvaluated at bid price : 16.00
\nBid-YTW : 6.27 %<\/td>\n<\/tr>\n
GWO.PR.R<\/td>\nInsurance Straight<\/td>\n-2.14 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-09-22
\nMaturity Price : 21.00
\nEvaluated at bid price : 21.00
\nBid-YTW : 5.75 %<\/td>\n<\/tr>\n
PWF.PF.A<\/td>\nPerpetual-Discount<\/td>\n-1.92 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-09-22
\nMaturity Price : 19.91
\nEvaluated at bid price : 19.91
\nBid-YTW : 5.75 %<\/td>\n<\/tr>\n
NA.PR.C<\/td>\nFixedReset Prem<\/td>\n-1.69 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2027-11-15
\nMaturity Price : 25.00
\nEvaluated at bid price : 26.25
\nBid-YTW : 4.95 %<\/td>\n<\/tr>\n
ENB.PR.D<\/td>\nFixedReset Disc<\/td>\n1.02 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-09-22
\nMaturity Price : 20.71
\nEvaluated at bid price : 20.71
\nBid-YTW : 6.30 %<\/td>\n<\/tr>\n
MFC.PR.M<\/td>\nFixedReset Ins Non<\/td>\n1.14 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-09-22
\nMaturity Price : 22.82
\nEvaluated at bid price : 23.97
\nBid-YTW : 5.40 %<\/td>\n<\/tr>\n
GWO.PR.Q<\/td>\nInsurance Straight<\/td>\n1.55 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-09-22
\nMaturity Price : 22.66
\nEvaluated at bid price : 22.90
\nBid-YTW : 5.64 %<\/td>\n<\/tr>\n
PWF.PR.E<\/td>\nPerpetual-Discount<\/td>\n1.70 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-09-22
\nMaturity Price : 24.21
\nEvaluated at bid price : 24.50
\nBid-YTW : 5.69 %<\/td>\n<\/tr>\n
PWF.PR.K<\/td>\nPerpetual-Discount<\/td>\n1.81 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-09-22
\nMaturity Price : 21.72
\nEvaluated at bid price : 21.97
\nBid-YTW : 5.71 %<\/td>\n<\/tr>\n
SLF.PR.E<\/td>\nInsurance Straight<\/td>\n2.15 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-09-22
\nMaturity Price : 21.35
\nEvaluated at bid price : 21.35
\nBid-YTW : 5.30 %<\/td>\n<\/tr>\n
CU.PR.F<\/td>\nPerpetual-Discount<\/td>\n2.40 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-09-22
\nMaturity Price : 20.49
\nEvaluated at bid price : 20.49
\nBid-YTW : 5.55 %<\/td>\n<\/tr>\n
GWO.PR.S<\/td>\nInsurance Straight<\/td>\n3.10 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-09-22
\nMaturity Price : 23.03
\nEvaluated at bid price : 23.30
\nBid-YTW : 5.65 %<\/td>\n<\/tr>\n
BN.PR.N<\/td>\nPerpetual-Discount<\/td>\n3.10 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-09-22
\nMaturity Price : 20.62
\nEvaluated at bid price : 20.62
\nBid-YTW : 5.79 %<\/td>\n<\/tr>\n
CU.PR.H<\/td>\nPerpetual-Discount<\/td>\n3.58 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-09-22
\nMaturity Price : 23.41
\nEvaluated at bid price : 23.70
\nBid-YTW : 5.58 %<\/td>\n<\/tr>\n
PWF.PR.O<\/td>\nPerpetual-Discount<\/td>\n4.01 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-09-22
\nMaturity Price : 24.91
\nEvaluated at bid price : 25.14
\nBid-YTW : 5.86 %<\/td>\n<\/tr>\n
BN.PR.T<\/td>\nFixedReset Disc<\/td>\n5.69 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-09-22
\nMaturity Price : 19.87
\nEvaluated at bid price : 19.87
\nBid-YTW : 6.22 %<\/td>\n<\/tr>\n
BN.PR.M<\/td>\nPerpetual-Discount<\/td>\n5.69 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-09-22
\nMaturity Price : 20.61
\nEvaluated at bid price : 20.61
\nBid-YTW : 5.79 %<\/td>\n<\/tr>\n
BIP.PR.F<\/td>\nFixedReset Prem<\/td>\n7.73 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-09-22
\nMaturity Price : 23.22
\nEvaluated at bid price : 24.67
\nBid-YTW : 5.85 %<\/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
POW.PR.H<\/td>\nPerpetual-Premium<\/td>\n832,000<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2034-10-15
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.10
\nBid-YTW : 5.74 %<\/td>\n<\/tr>\n
BN.PF.I<\/td>\nFixedReset Prem<\/td>\n76,500<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2027-03-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.05
\nBid-YTW : 5.21 %<\/td>\n<\/tr>\n
TD.PF.A<\/td>\nFixedReset Disc<\/td>\n52,300<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2029-10-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.06
\nBid-YTW : 4.85 %<\/td>\n<\/tr>\n
MFC.PR.J<\/td>\nFixedReset Ins Non<\/td>\n41,400<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-09-22
\nMaturity Price : 23.56
\nEvaluated at bid price : 25.25
\nBid-YTW : 5.36 %<\/td>\n<\/tr>\n
POW.PR.G<\/td>\nPerpetual-Discount<\/td>\n39,900<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-09-22
\nMaturity Price : 24.29
\nEvaluated at bid price : 24.60
\nBid-YTW : 5.79 %<\/td>\n<\/tr>\n
PVS.PR.L<\/td>\nSplitShare<\/td>\n34,800<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2030-06-30
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.81
\nBid-YTW : 4.82 %<\/td>\n<\/tr>\n
There were 6 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.E<\/td>\nFixedReset Prem<\/td>\nQuote: 22.90 – 25.00
\nSpot Rate : 2.1000
\nAverage : 1.1702<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-09-22
\nMaturity Price : 22.44
\nEvaluated at bid price : 22.90
\nBid-YTW : 6.45 %<\/td>\n<\/tr>\n

PWF.PF.A<\/td>\nPerpetual-Discount<\/td>\nQuote: 19.91 – 21.50
\nSpot Rate : 1.5900
\nAverage : 0.9304<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-09-22
\nMaturity Price : 19.91
\nEvaluated at bid price : 19.91
\nBid-YTW : 5.75 %<\/td>\n<\/tr>\n

GWO.PR.G<\/td>\nInsurance Straight<\/td>\nQuote: 23.26 – 24.90
\nSpot Rate : 1.6400
\nAverage : 1.0222<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-09-22
\nMaturity Price : 22.99
\nEvaluated at bid price : 23.26
\nBid-YTW : 5.60 %<\/td>\n<\/tr>\n

GWO.PR.N<\/td>\nFixedReset Ins Non<\/td>\nQuote: 16.00 – 17.60
\nSpot Rate : 1.6000
\nAverage : 1.1535<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-09-22
\nMaturity Price : 16.00
\nEvaluated at bid price : 16.00
\nBid-YTW : 6.27 %<\/td>\n<\/tr>\n

BN.PR.N<\/td>\nPerpetual-Discount<\/td>\nQuote: 20.62 – 21.70
\nSpot Rate : 1.0800
\nAverage : 0.8090<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-09-22
\nMaturity Price : 20.62
\nEvaluated at bid price : 20.62
\nBid-YTW : 5.79 %<\/td>\n<\/tr>\n

PWF.PR.K<\/td>\nPerpetual-Discount<\/td>\nQuote: 21.97 – 23.21
\nSpot Rate : 1.2400
\nAverage : 0.9927<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-09-22
\nMaturity Price : 21.72
\nEvaluated at bid price : 21.97
\nBid-YTW : 5.71 %<\/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 6.65 % 7.09 …<\/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-50112","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/50112","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=50112"}],"version-history":[{"count":1,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/50112\/revisions"}],"predecessor-version":[{"id":50113,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/50112\/revisions\/50113"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=50112"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=50112"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=50112"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}