{"id":50435,"date":"2025-10-27T20:27:55","date_gmt":"2025-10-28T00:27:55","guid":{"rendered":"https:\/\/prefblog.com\/?p=50435"},"modified":"2025-10-27T20:27:55","modified_gmt":"2025-10-28T00:27:55","slug":"october-27-2025","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=50435","title":{"rendered":"October 27, 2025"},"content":{"rendered":"<p>The TXPR Price Index set a new 52-week high today of 686.47, erasing the prior mark of 685.28 set on Friday.<\/p>\n<table border='1'>\n<tr>\n<td colspan='8'><strong>HIMIPref&trade; Preferred Indices<br \/>These values reflect the December 2008 revision of the HIMIPref&trade; Indices<\/strong><br \/>Values are provisional and are finalized monthly<\/td>\n<\/tr>\n<tr>\n<td>Index<\/td>\n<td>Mean<br \/>Current<br \/>Yield<br \/>(at bid)<\/td>\n<td>Median<br \/>YTW<\/td>\n<td>Median<br \/>Average<br \/>Trading<br \/>Value<\/td>\n<td>Median<br \/>Mod Dur<br \/>(YTW)<\/td>\n<td>Issues<\/td>\n<td>Day&#8217;s Perf.<\/td>\n<td>Index Value<\/td>\n<\/tr>\n<tr>\n<td>Ratchet<\/td>\n<td>6.48 %<\/td>\n<td>6.93 %<\/td>\n<td>20,618<\/td>\n<td>13.55<\/td>\n<td>1<\/td>\n<td>0.9756 %<\/td>\n<td>2,474.7<\/td>\n<\/tr>\n<tr>\n<td>FixedFloater<\/td>\n<td>0.00 %<\/td>\n<td>0.00 %<\/td>\n<td>0<\/td>\n<td>0.00<\/td>\n<td>0<\/td>\n<td>0.1024 %<\/td>\n<td>4,571.6<\/td>\n<\/tr>\n<tr>\n<td>Floater<\/td>\n<td>6.31 %<\/td>\n<td>6.58 %<\/td>\n<td>54,524<\/td>\n<td>13.08<\/td>\n<td>3<\/td>\n<td>0.1024 %<\/td>\n<td>2,634.7<\/td>\n<\/tr>\n<tr>\n<td>OpRet<\/td>\n<td>0.00 %<\/td>\n<td>0.00 %<\/td>\n<td>0<\/td>\n<td>0.00<\/td>\n<td>0<\/td>\n<td>0.0079 %<\/td>\n<td>3,671.1<\/td>\n<\/tr>\n<tr>\n<td>SplitShare<\/td>\n<td>4.76 %<\/td>\n<td>4.49 %<\/td>\n<td>67,584<\/td>\n<td>3.28<\/td>\n<td>5<\/td>\n<td>0.0079 %<\/td>\n<td>4,384.0<\/td>\n<\/tr>\n<tr>\n<td>Interest-Bearing<\/td>\n<td>0.00 %<\/td>\n<td>0.00 %<\/td>\n<td>0<\/td>\n<td>0.00<\/td>\n<td>0<\/td>\n<td>0.0079 %<\/td>\n<td>3,420.6<\/td>\n<\/tr>\n<tr>\n<td>Perpetual-Premium<\/td>\n<td>5.47 %<\/td>\n<td>-2.25 %<\/td>\n<td>72,550<\/td>\n<td>0.08<\/td>\n<td>7<\/td>\n<td>-0.0056 %<\/td>\n<td>3,103.8<\/td>\n<\/tr>\n<tr>\n<td>Perpetual-Discount<\/td>\n<td>5.52 %<\/td>\n<td>5.56 %<\/td>\n<td>44,031<\/td>\n<td>14.53<\/td>\n<td>26<\/td>\n<td>0.3169 %<\/td>\n<td>3,417.7<\/td>\n<\/tr>\n<tr>\n<td>FixedReset Disc<\/td>\n<td>5.93 %<\/td>\n<td>5.88 %<\/td>\n<td>105,111<\/td>\n<td>13.87<\/td>\n<td>30<\/td>\n<td>0.5341 %<\/td>\n<td>3,081.1<\/td>\n<\/tr>\n<tr>\n<td>Insurance Straight<\/td>\n<td>5.41 %<\/td>\n<td>5.48 %<\/td>\n<td>56,477<\/td>\n<td>14.66<\/td>\n<td>22<\/td>\n<td>0.1781 %<\/td>\n<td>3,365.2<\/td>\n<\/tr>\n<tr>\n<td>FloatingReset<\/td>\n<td>0.00 %<\/td>\n<td>0.00 %<\/td>\n<td>0<\/td>\n<td>0.00<\/td>\n<td>0<\/td>\n<td>0.5341 %<\/td>\n<td>3,665.3<\/td>\n<\/tr>\n<tr>\n<td>FixedReset Prem<\/td>\n<td>5.63 %<\/td>\n<td>4.70 %<\/td>\n<td>119,116<\/td>\n<td>2.37<\/td>\n<td>22<\/td>\n<td>-0.0619 %<\/td>\n<td>2,632.5<\/td>\n<\/tr>\n<tr>\n<td>FixedReset Bank Non<\/td>\n<td>0.00 %<\/td>\n<td>0.00 %<\/td>\n<td>0<\/td>\n<td>0.00<\/td>\n<td>0<\/td>\n<td>0.5341 %<\/td>\n<td>3,149.5<\/td>\n<\/tr>\n<tr>\n<td>FixedReset Ins Non<\/td>\n<td>5.22 %<\/td>\n<td>5.28 %<\/td>\n<td>58,408<\/td>\n<td>14.59<\/td>\n<td>15<\/td>\n<td>0.1103 %<\/td>\n<td>3,069.9<\/td>\n<\/tr>\n<\/table>\n<table border='1'>\n<tr>\n<td colspan='4'><strong>Performance Highlights<\/strong><\/td>\n<\/tr>\n<tr>\n<td>Issue<\/td>\n<td>Index<\/td>\n<td>Change<\/td>\n<td>Notes<\/td>\n<\/tr>\n<tr>\n<td>PWF.PR.S<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-6.44 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2055-10-27<br \/>\nMaturity Price  : 20.50<br \/>\nEvaluated at bid price : 20.50<br \/>\nBid-YTW : 5.89 %<\/td>\n<\/tr>\n<tr>\n<td>GWO.PR.I<\/td>\n<td>Insurance Straight<\/td>\n<td>-1.52 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2055-10-27<br \/>\nMaturity Price  : 20.70<br \/>\nEvaluated at bid price : 20.70<br \/>\nBid-YTW : 5.50 %<\/td>\n<\/tr>\n<tr>\n<td>SLF.PR.D<\/td>\n<td>Insurance Straight<\/td>\n<td>-1.42 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2055-10-27<br \/>\nMaturity Price  : 21.46<br \/>\nEvaluated at bid price : 21.46<br \/>\nBid-YTW : 5.24 %<\/td>\n<\/tr>\n<tr>\n<td>GWO.PR.N<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>1.09 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2055-10-27<br \/>\nMaturity Price  : 17.64<br \/>\nEvaluated at bid price : 17.64<br \/>\nBid-YTW : 5.60 %<\/td>\n<\/tr>\n<tr>\n<td>CU.PR.J<\/td>\n<td>Perpetual-Discount<\/td>\n<td>1.14 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2055-10-27<br \/>\nMaturity Price  : 21.87<br \/>\nEvaluated at bid price : 22.20<br \/>\nBid-YTW : 5.42 %<\/td>\n<\/tr>\n<tr>\n<td>ENB.PF.E<\/td>\n<td>FixedReset Disc<\/td>\n<td>1.15 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2055-10-27<br \/>\nMaturity Price  : 21.58<br \/>\nEvaluated at bid price : 21.90<br \/>\nBid-YTW : 6.18 %<\/td>\n<\/tr>\n<tr>\n<td>FTS.PR.G<\/td>\n<td>FixedReset Disc<\/td>\n<td>1.23 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2055-10-27<br \/>\nMaturity Price  : 23.31<br \/>\nEvaluated at bid price : 24.73<br \/>\nBid-YTW : 5.07 %<\/td>\n<\/tr>\n<tr>\n<td>BN.PR.Z<\/td>\n<td>FixedReset Disc<\/td>\n<td>1.24 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2055-10-27<br \/>\nMaturity Price  : 23.35<br \/>\nEvaluated at bid price : 24.50<br \/>\nBid-YTW : 5.80 %<\/td>\n<\/tr>\n<tr>\n<td>GWO.PR.G<\/td>\n<td>Insurance Straight<\/td>\n<td>1.70 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2055-10-27<br \/>\nMaturity Price  : 23.63<br \/>\nEvaluated at bid price : 23.90<br \/>\nBid-YTW : 5.49 %<\/td>\n<\/tr>\n<tr>\n<td>PWF.PR.H<\/td>\n<td>Perpetual-Premium<\/td>\n<td>1.73 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Call<br \/>\nMaturity Date\t: 2025-11-26<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 25.32<br \/>\nBid-YTW : -10.24 %<\/td>\n<\/tr>\n<tr>\n<td>ENB.PF.C<\/td>\n<td>FixedReset Disc<\/td>\n<td>2.43 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2055-10-27<br \/>\nMaturity Price  : 21.59<br \/>\nEvaluated at bid price : 21.90<br \/>\nBid-YTW : 6.19 %<\/td>\n<\/tr>\n<tr>\n<td>ENB.PR.H<\/td>\n<td>FixedReset Disc<\/td>\n<td>2.85 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2055-10-27<br \/>\nMaturity Price  : 21.60<br \/>\nEvaluated at bid price : 22.01<br \/>\nBid-YTW : 5.78 %<\/td>\n<\/tr>\n<tr>\n<td>CU.PR.G<\/td>\n<td>Perpetual-Discount<\/td>\n<td>16.67 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2055-10-27<br \/>\nMaturity Price  : 21.00<br \/>\nEvaluated at bid price : 21.00<br \/>\nBid-YTW : 5.45 %<\/td>\n<\/tr>\n<\/table>\n<table border='1'>\n<tr>\n<td colspan='4'><strong>Volume Highlights<\/strong><\/td>\n<\/tr>\n<tr>\n<td>Issue<\/td>\n<td>Index<\/td>\n<td>Shares<br \/>Traded<\/td>\n<td>Notes<\/td>\n<\/tr>\n<tr>\n<td>PWF.PR.A<\/td>\n<td>Floater<\/td>\n<td>113,000<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2055-10-27<br \/>\nMaturity Price  : 13.74<br \/>\nEvaluated at bid price : 13.74<br \/>\nBid-YTW : 6.01 %<\/td>\n<\/tr>\n<tr>\n<td>RY.PR.M<\/td>\n<td>FixedReset Prem<\/td>\n<td>67,100<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Call<br \/>\nMaturity Date\t: 2025-12-24<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 24.95<br \/>\nBid-YTW : 4.01 %<\/td>\n<\/tr>\n<tr>\n<td>SLF.PR.G<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>34,600<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2055-10-27<br \/>\nMaturity Price  : 18.79<br \/>\nEvaluated at bid price : 18.79<br \/>\nBid-YTW : 5.52 %<\/td>\n<\/tr>\n<tr>\n<td>CU.PR.J<\/td>\n<td>Perpetual-Discount<\/td>\n<td>17,000<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2055-10-27<br \/>\nMaturity Price  : 21.87<br \/>\nEvaluated at bid price : 22.20<br \/>\nBid-YTW : 5.42 %<\/td>\n<\/tr>\n<tr>\n<td>FFH.PR.I<\/td>\n<td>FixedReset Disc<\/td>\n<td>15,700<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2055-10-27<br \/>\nMaturity Price  : 24.02<br \/>\nEvaluated at bid price : 24.90<br \/>\nBid-YTW : 5.49 %<\/td>\n<\/tr>\n<tr>\n<td>PVS.PR.J<\/td>\n<td>SplitShare<\/td>\n<td>12,900<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Hard Maturity<br \/>\nMaturity Date\t: 2028-02-29<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 25.15<br \/>\nBid-YTW : 4.43 %<\/td>\n<\/tr>\n<tr>\n<td colspan='4'>There were 4 other index-included issues trading in excess of 10,000 shares.<\/td>\n<\/tr>\n<\/table>\n<table border='1'>\n<tr>\n<td colspan='3'><strong>Wide Spread Highlights<\/strong><\/td>\n<\/tr>\n<tr>\n<td colspan='3'>See <a href='https:\/\/prefblog.com\/?p=13456'>TMX DataLinx: &#8216;Last&#8217; != &#8216;Close&#8217;<\/a> and the posts linked therein for an idea of why these quotes are so horrible.<\/td>\n<\/tr>\n<tr>\n<td>Issue<\/td>\n<td>Index<\/td>\n<td>Quote Data and Yield Notes<\/td>\n<\/tr>\n<tr>\n<td>ENB.PR.B<\/td>\n<td>FixedReset Disc<\/td>\n<td>Quote: 20.78 &#8211; 24.00<br \/>\nSpot Rate  :  3.2200<br \/>\nAverage  :  1.7315<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2055-10-27<br \/>\nMaturity Price  : 20.78<br \/>\nEvaluated at bid price : 20.78<br \/>\nBid-YTW : 6.20 %<\/td>\n<\/tr>\n<tr>\n<td>PWF.PR.S<\/td>\n<td>Perpetual-Discount<\/td>\n<td>Quote: 20.50 &#8211; 22.24<br \/>\nSpot Rate  :  1.7400<br \/>\nAverage  :  1.0449<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2055-10-27<br \/>\nMaturity Price  : 20.50<br \/>\nEvaluated at bid price : 20.50<br \/>\nBid-YTW : 5.89 %<\/td>\n<\/tr>\n<tr>\n<td>POW.PR.H<\/td>\n<td>Perpetual-Premium<\/td>\n<td>Quote: 25.75 &#8211; 26.75<br \/>\nSpot Rate  :  1.0000<br \/>\nAverage  :  0.5692<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Call<br \/>\nMaturity Date\t: 2034-10-15<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 25.75<br \/>\nBid-YTW : 5.44 %<\/td>\n<\/tr>\n<tr>\n<td>POW.PR.B<\/td>\n<td>Perpetual-Discount<\/td>\n<td>Quote: 24.25 &#8211; 25.25<br \/>\nSpot Rate  :  1.0000<br \/>\nAverage  :  0.6457<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2055-10-27<br \/>\nMaturity Price  : 24.00<br \/>\nEvaluated at bid price : 24.25<br \/>\nBid-YTW : 5.55 %<\/td>\n<\/tr>\n<tr>\n<td>SLF.PR.D<\/td>\n<td>Insurance Straight<\/td>\n<td>Quote: 21.46 &#8211; 22.60<br \/>\nSpot Rate  :  1.1400<br \/>\nAverage  :  0.7926<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2055-10-27<br \/>\nMaturity Price  : 21.46<br \/>\nEvaluated at bid price : 21.46<br \/>\nBid-YTW : 5.24 %<\/td>\n<\/tr>\n<tr>\n<td>NA.PR.I<\/td>\n<td>FixedReset Prem<\/td>\n<td>Quote: 26.03 &#8211; 27.39<br \/>\nSpot Rate  :  1.3600<br \/>\nAverage  :  1.0232<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2055-10-27<br \/>\nMaturity Price  : 23.62<br \/>\nEvaluated at bid price : 26.03<br \/>\nBid-YTW : 5.36 %<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>The TXPR Price Index set a new 52-week high today of 686.47, erasing the prior mark of 685.28 set on Friday. HIMIPref&trade; Preferred IndicesThese values reflect the December 2008 revision of the HIMIPref&trade; IndicesValues are &hellip;<\/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-50435","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/50435","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=50435"}],"version-history":[{"count":1,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/50435\/revisions"}],"predecessor-version":[{"id":50436,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/50435\/revisions\/50436"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=50435"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=50435"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=50435"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}