{"id":50119,"date":"2025-09-23T22:00:23","date_gmt":"2025-09-24T02:00:23","guid":{"rendered":"https:\/\/prefblog.com\/?p=50119"},"modified":"2025-09-23T22:00:23","modified_gmt":"2025-09-24T02:00:23","slug":"september-23-2025","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=50119","title":{"rendered":"September 23, 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>\n6.64 %<\/td>\n7.09 %<\/td>\n33,918<\/td>\n13.34<\/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>\n-0.6051 %<\/td>\n4,609.0<\/td>\n<\/tr>\n
Floater<\/td>\n6.26 %<\/td>\n6.53 %<\/td>\n65,729<\/td>\n13.20<\/td>\n3<\/td>\n-0.6051 %<\/td>\n2,656.2<\/td>\n<\/tr>\n
OpRet<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.1060 %<\/td>\n3,640.1<\/td>\n<\/tr>\n
SplitShare<\/td>\n4.81 %<\/td>\n4.54 %<\/td>\n62,363<\/td>\n3.37<\/td>\n6<\/td>\n0.1060 %<\/td>\n4,347.1<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.1060 %<\/td>\n3,391.8<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.55 %<\/td>\n5.70 %<\/td>\n81,906<\/td>\n7.03<\/td>\n4<\/td>\n-0.0298 %<\/td>\n3,082.8<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n5.62 %<\/td>\n5.72 %<\/td>\n45,523<\/td>\n14.23<\/td>\n28<\/td>\n-0.3933 %<\/td>\n3,345.5<\/td>\n<\/tr>\n
FixedReset Disc<\/td>\n5.95 %<\/td>\n6.05 %<\/td>\n121,415<\/td>\n13.62<\/td>\n32<\/td>\n-0.6120 %<\/td>\n3,010.1<\/td>\n<\/tr>\n
Insurance Straight<\/td>\n5.57 %<\/td>\n5.59 %<\/td>\n56,052<\/td>\n14.51<\/td>\n18<\/td>\n-0.2713 %<\/td>\n3,249.0<\/td>\n<\/tr>\n
FloatingReset<\/td>\n5.01 %<\/td>\n5.02 %<\/td>\n49,533<\/td>\n15.48<\/td>\n1<\/td>\n-0.0400 %<\/td>\n3,765.7<\/td>\n<\/tr>\n
FixedReset Prem<\/td>\n5.67 %<\/td>\n4.98 %<\/td>\n118,572<\/td>\n2.38<\/td>\n21<\/td>\n0.5002 %<\/td>\n2,626.2<\/td>\n<\/tr>\n
FixedReset Bank Non<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.6120 %<\/td>\n3,077.0<\/td>\n<\/tr>\n
FixedReset Ins Non<\/td>\n5.29 %<\/td>\n5.48 %<\/td>\n60,451<\/td>\n14.49<\/td>\n15<\/td>\n-0.1085 %<\/td>\n3,030.7<\/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\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
POW.PR.D<\/td>\nPerpetual-Discount<\/td>\n-6.73 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-09-23
\nMaturity Price : 21.05
\nEvaluated at bid price : 21.05
\nBid-YTW : 6.07 %<\/td>\n<\/tr>\n
BN.PR.T<\/td>\nFixedReset Disc<\/td>\n-5.39 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-09-23
\nMaturity Price : 18.80
\nEvaluated at bid price : 18.80
\nBid-YTW : 6.57 %<\/td>\n<\/tr>\n
PWF.PR.S<\/td>\nPerpetual-Discount<\/td>\n-5.36 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-09-23
\nMaturity Price : 20.50
\nEvaluated at bid price : 20.50
\nBid-YTW : 5.96 %<\/td>\n<\/tr>\n
ENB.PR.B<\/td>\nFixedReset Disc<\/td>\n-4.75 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-09-23
\nMaturity Price : 19.25
\nEvaluated at bid price : 19.25
\nBid-YTW : 6.76 %<\/td>\n<\/tr>\n
IFC.PR.G<\/td>\nFixedReset Ins Non<\/td>\n-3.89 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-09-23
\nMaturity Price : 22.76
\nEvaluated at bid price : 23.50
\nBid-YTW : 5.75 %<\/td>\n<\/tr>\n
CU.PR.H<\/td>\nPerpetual-Discount<\/td>\n-3.46 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-09-23
\nMaturity Price : 22.63
\nEvaluated at bid price : 22.88
\nBid-YTW : 5.79 %<\/td>\n<\/tr>\n
PWF.PR.P<\/td>\nFixedReset Disc<\/td>\n-3.29 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-09-23
\nMaturity Price : 17.36
\nEvaluated at bid price : 17.36
\nBid-YTW : 6.23 %<\/td>\n<\/tr>\n
GWO.PR.S<\/td>\nInsurance Straight<\/td>\n-3.00 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-09-23
\nMaturity Price : 22.33
\nEvaluated at bid price : 22.60
\nBid-YTW : 5.83 %<\/td>\n<\/tr>\n
ENB.PR.H<\/td>\nFixedReset Disc<\/td>\n-2.99 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-09-23
\nMaturity Price : 21.40
\nEvaluated at bid price : 21.40
\nBid-YTW : 6.03 %<\/td>\n<\/tr>\n
ENB.PR.T<\/td>\nFixedReset Disc<\/td>\n-2.05 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-09-23
\nMaturity Price : 21.70
\nEvaluated at bid price : 22.00
\nBid-YTW : 6.31 %<\/td>\n<\/tr>\n
FTS.PR.K<\/td>\nFixedReset Disc<\/td>\n-1.76 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-09-23
\nMaturity Price : 21.97
\nEvaluated at bid price : 22.35
\nBid-YTW : 5.55 %<\/td>\n<\/tr>\n
SLF.PR.E<\/td>\nInsurance Straight<\/td>\n-1.64 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-09-23
\nMaturity Price : 21.00
\nEvaluated at bid price : 21.00
\nBid-YTW : 5.39 %<\/td>\n<\/tr>\n
PWF.PR.A<\/td>\nFloater<\/td>\n-1.61 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-09-23
\nMaturity Price : 14.07
\nEvaluated at bid price : 14.07
\nBid-YTW : 5.93 %<\/td>\n<\/tr>\n
BN.PR.R<\/td>\nFixedReset Disc<\/td>\n-1.44 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-09-23
\nMaturity Price : 19.78
\nEvaluated at bid price : 19.78
\nBid-YTW : 6.28 %<\/td>\n<\/tr>\n
GWO.PR.Y<\/td>\nInsurance Straight<\/td>\n-1.32 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-09-23
\nMaturity Price : 20.20
\nEvaluated at bid price : 20.20
\nBid-YTW : 5.60 %<\/td>\n<\/tr>\n
MFC.PR.M<\/td>\nFixedReset Ins Non<\/td>\n-1.13 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-09-23
\nMaturity Price : 22.69
\nEvaluated at bid price : 23.70
\nBid-YTW : 5.48 %<\/td>\n<\/tr>\n
GWO.PR.Q<\/td>\nInsurance Straight<\/td>\n-1.09 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-09-23
\nMaturity Price : 22.39
\nEvaluated at bid price : 22.65
\nBid-YTW : 5.70 %<\/td>\n<\/tr>\n
PWF.PR.K<\/td>\nPerpetual-Discount<\/td>\n-1.00 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-09-23
\nMaturity Price : 21.49
\nEvaluated at bid price : 21.75
\nBid-YTW : 5.77 %<\/td>\n<\/tr>\n
FTS.PR.J<\/td>\nPerpetual-Discount<\/td>\n1.14 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-09-23
\nMaturity Price : 22.01
\nEvaluated at bid price : 22.25
\nBid-YTW : 5.38 %<\/td>\n<\/tr>\n
NA.PR.C<\/td>\nFixedReset Prem<\/td>\n1.14 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2027-11-15
\nMaturity Price : 25.00
\nEvaluated at bid price : 26.55
\nBid-YTW : 4.37 %<\/td>\n<\/tr>\n
GWO.PR.G<\/td>\nInsurance Straight<\/td>\n1.25 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-09-23
\nMaturity Price : 23.25
\nEvaluated at bid price : 23.55
\nBid-YTW : 5.53 %<\/td>\n<\/tr>\n
BIP.PR.F<\/td>\nFixedReset Prem<\/td>\n1.34 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-09-23
\nMaturity Price : 23.34
\nEvaluated at bid price : 25.00
\nBid-YTW : 5.76 %<\/td>\n<\/tr>\n
PWF.PF.A<\/td>\nPerpetual-Discount<\/td>\n1.36 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-09-23
\nMaturity Price : 20.18
\nEvaluated at bid price : 20.18
\nBid-YTW : 5.67 %<\/td>\n<\/tr>\n
GWO.PR.R<\/td>\nInsurance Straight<\/td>\n2.05 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-09-23
\nMaturity Price : 21.43
\nEvaluated at bid price : 21.43
\nBid-YTW : 5.63 %<\/td>\n<\/tr>\n
CU.PR.J<\/td>\nPerpetual-Discount<\/td>\n3.05 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-09-23
\nMaturity Price : 21.36
\nEvaluated at bid price : 21.64
\nBid-YTW : 5.53 %<\/td>\n<\/tr>\n
GWO.PR.N<\/td>\nFixedReset Ins Non<\/td>\n6.25 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-09-23
\nMaturity Price : 17.00
\nEvaluated at bid price : 17.00
\nBid-YTW : 5.90 %<\/td>\n<\/tr>\n
BIP.PR.E<\/td>\nFixedReset Prem<\/td>\n7.90 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-09-23
\nMaturity Price : 23.36
\nEvaluated at bid price : 24.71
\nBid-YTW : 5.92 %<\/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.PF.I<\/td>\nFixedReset Prem<\/td>\n208,700<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2027-03-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.10
\nBid-YTW : 5.08 %<\/td>\n<\/tr>\n
FFH.PR.I<\/td>\nFixedReset Disc<\/td>\n162,500<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-09-23
\nMaturity Price : 24.01
\nEvaluated at bid price : 24.80
\nBid-YTW : 5.58 %<\/td>\n<\/tr>\n
FFH.PR.G<\/td>\nFixedReset Prem<\/td>\n154,857<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2025-10-30
\nMaturity Price : 25.00
\nEvaluated at bid price : 24.98
\nBid-YTW : 5.14 %<\/td>\n<\/tr>\n
POW.PR.H<\/td>\nPerpetual-Premium<\/td>\n148,700<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2034-10-15
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.16
\nBid-YTW : 5.70 %<\/td>\n<\/tr>\n
TD.PF.E<\/td>\nFixedReset Prem<\/td>\n53,600<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2025-10-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.13
\nBid-YTW : 2.79 %<\/td>\n<\/tr>\n
RY.PR.S<\/td>\nFixedReset Prem<\/td>\n28,500<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2029-02-24
\nMaturity Price : 25.00
\nEvaluated at bid price : 26.18
\nBid-YTW : 4.56 %<\/td>\n<\/tr>\n
There were 8 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
POW.PR.D<\/td>\nPerpetual-Discount<\/td>\nQuote: 21.05 – 22.89
\nSpot Rate : 1.8400
\nAverage : 1.2535<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-09-23
\nMaturity Price : 21.05
\nEvaluated at bid price : 21.05
\nBid-YTW : 6.07 %<\/td>\n<\/tr>\n

PWF.PR.S<\/td>\nPerpetual-Discount<\/td>\nQuote: 20.50 – 21.85
\nSpot Rate : 1.3500
\nAverage : 0.8246<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-09-23
\nMaturity Price : 20.50
\nEvaluated at bid price : 20.50
\nBid-YTW : 5.96 %<\/td>\n<\/tr>\n

ENB.PR.B<\/td>\nFixedReset Disc<\/td>\nQuote: 19.25 – 20.40
\nSpot Rate : 1.1500
\nAverage : 0.6829<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-09-23
\nMaturity Price : 19.25
\nEvaluated at bid price : 19.25
\nBid-YTW : 6.76 %<\/td>\n<\/tr>\n

GWO.PR.Q<\/td>\nInsurance Straight<\/td>\nQuote: 22.65 – 24.20
\nSpot Rate : 1.5500
\nAverage : 1.1433<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-09-23
\nMaturity Price : 22.39
\nEvaluated at bid price : 22.65
\nBid-YTW : 5.70 %<\/td>\n<\/tr>\n

ENB.PR.H<\/td>\nFixedReset Disc<\/td>\nQuote: 21.40 – 22.25
\nSpot Rate : 0.8500
\nAverage : 0.4923<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-09-23
\nMaturity Price : 21.40
\nEvaluated at bid price : 21.40
\nBid-YTW : 6.03 %<\/td>\n<\/tr>\n

IFC.PR.G<\/td>\nFixedReset Ins Non<\/td>\nQuote: 23.50 – 24.55
\nSpot Rate : 1.0500
\nAverage : 0.7082<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-09-23
\nMaturity Price : 22.76
\nEvaluated at bid price : 23.50
\nBid-YTW : 5.75 %<\/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 6.64 % 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-50119","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/50119","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=50119"}],"version-history":[{"count":1,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/50119\/revisions"}],"predecessor-version":[{"id":50120,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/50119\/revisions\/50120"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=50119"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=50119"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=50119"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}