{"id":50818,"date":"2025-11-18T21:26:43","date_gmt":"2025-11-19T02:26:43","guid":{"rendered":"https:\/\/prefblog.com\/?p=50818"},"modified":"2025-11-18T21:28:08","modified_gmt":"2025-11-19T02:28:08","slug":"september-18-2025-2","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=50818","title":{"rendered":"November 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>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.1789 %<\/td>\n2,416.5<\/td>\n<\/tr>\n
FixedFloater<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.1789 %<\/td>\n4,582.2<\/td>\n<\/tr>\n
Floater<\/td>\n5.96 %<\/td>\n6.26 %<\/td>\n55,623<\/td>\n13.48<\/td>\n3<\/td>\n0.1789 %<\/td>\n2,640.7<\/td>\n<\/tr>\n
OpRet<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.0078 %<\/td>\n3,686.4<\/td>\n<\/tr>\n
SplitShare<\/td>\n4.74 %<\/td>\n4.77 %<\/td>\n64,534<\/td>\n3.23<\/td>\n5<\/td>\n-0.0078 %<\/td>\n4,402.3<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.0078 %<\/td>\n3,434.8<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.67 %<\/td>\n5.53 %<\/td>\n76,665<\/td>\n6.89<\/td>\n7<\/td>\n0.0057 %<\/td>\n3,093.5<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n5.56 %<\/td>\n5.60 %<\/td>\n47,407<\/td>\n14.48<\/td>\n25<\/td>\n-0.1744 %<\/td>\n3,365.4<\/td>\n<\/tr>\n
FixedReset Disc<\/td>\n5.85 %<\/td>\n6.09 %<\/td>\n113,529<\/td>\n13.60<\/td>\n30<\/td>\n0.0150 %<\/td>\n3,060.5<\/td>\n<\/tr>\n
Insurance Straight<\/td>\n5.46 %<\/td>\n5.53 %<\/td>\n57,697<\/td>\n14.50<\/td>\n21<\/td>\n-0.1489 %<\/td>\n3,328.3<\/td>\n<\/tr>\n
FloatingReset<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.0150 %<\/td>\n3,640.8<\/td>\n<\/tr>\n
FixedReset Prem<\/td>\n5.89 %<\/td>\n4.98 %<\/td>\n107,328<\/td>\n2.70<\/td>\n21<\/td>\n-0.1219 %<\/td>\n2,632.7<\/td>\n<\/tr>\n
FixedReset Bank Non<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.0150 %<\/td>\n3,128.5<\/td>\n<\/tr>\n
FixedReset Ins Non<\/td>\n5.18 %<\/td>\n5.38 %<\/td>\n63,246<\/td>\n14.43<\/td>\n15<\/td>\n-0.1925 %<\/td>\n3,092.5<\/td>\n<\/tr>\n<\/table>\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
CU.PR.F<\/td>\nPerpetual-Discount<\/td>\n-5.24 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-11-18
\nMaturity Price : 19.72
\nEvaluated at bid price : 19.72
\nBid-YTW : 5.73 %<\/td>\n<\/tr>\n
ENB.PR.H<\/td>\nFixedReset Disc<\/td>\n-2.69 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-11-18
\nMaturity Price : 21.80
\nEvaluated at bid price : 22.04
\nBid-YTW : 5.83 %<\/td>\n<\/tr>\n
BN.PR.N<\/td>\nPerpetual-Discount<\/td>\n-2.19 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-11-18
\nMaturity Price : 20.55
\nEvaluated at bid price : 20.55
\nBid-YTW : 5.88 %<\/td>\n<\/tr>\n
MFC.PR.C<\/td>\nInsurance Straight<\/td>\n-1.37 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-11-18
\nMaturity Price : 21.38
\nEvaluated at bid price : 21.65
\nBid-YTW : 5.27 %<\/td>\n<\/tr>\n
IFC.PR.C<\/td>\nFixedReset Ins Non<\/td>\n-1.26 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-11-18
\nMaturity Price : 22.90
\nEvaluated at bid price : 23.50
\nBid-YTW : 5.72 %<\/td>\n<\/tr>\n
ENB.PR.J<\/td>\nFixedReset Disc<\/td>\n-1.03 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-11-18
\nMaturity Price : 21.77
\nEvaluated at bid price : 22.05
\nBid-YTW : 6.25 %<\/td>\n<\/tr>\n
POW.PR.D<\/td>\nPerpetual-Discount<\/td>\n1.68 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-11-18
\nMaturity Price : 22.68
\nEvaluated at bid price : 22.97
\nBid-YTW : 5.50 %<\/td>\n<\/tr>\n
ENB.PR.F<\/td>\nFixedReset Disc<\/td>\n2.00 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-11-18
\nMaturity Price : 21.42
\nEvaluated at bid price : 21.42
\nBid-YTW : 6.27 %<\/td>\n<\/tr>\n
GWO.PR.L<\/td>\nInsurance Straight<\/td>\n2.01 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2025-12-18
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.40
\nBid-YTW : -4.49 %<\/td>\n<\/tr>\n
ENB.PF.E<\/td>\nFixedReset Disc<\/td>\n2.11 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-11-18
\nMaturity Price : 21.51
\nEvaluated at bid price : 21.80
\nBid-YTW : 6.25 %<\/td>\n<\/tr>\n
BN.PF.G<\/td>\nFixedReset Disc<\/td>\n3.42 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-11-18
\nMaturity Price : 22.30
\nEvaluated at bid price : 23.00
\nBid-YTW : 6.20 %<\/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
IFC.PR.M<\/td>\nPerpetual-Premium<\/td>\n50,840<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-11-18
\nMaturity Price : 24.59
\nEvaluated at bid price : 24.98
\nBid-YTW : 5.53 %<\/td>\n<\/tr>\n
FFH.PR.K<\/td>\nFixedReset Prem<\/td>\n39,166<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2027-03-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.60
\nBid-YTW : 3.77 %<\/td>\n<\/tr>\n
ENB.PR.D<\/td>\nFixedReset Disc<\/td>\n37,300<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-11-18
\nMaturity Price : 20.74
\nEvaluated at bid price : 20.74
\nBid-YTW : 6.30 %<\/td>\n<\/tr>\n
IFC.PR.G<\/td>\nFixedReset Ins Non<\/td>\n33,975<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-11-18
\nMaturity Price : 23.58
\nEvaluated at bid price : 25.40
\nBid-YTW : 5.35 %<\/td>\n<\/tr>\n
POW.PR.H<\/td>\nPerpetual-Premium<\/td>\n26,600<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2034-10-15
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.58
\nBid-YTW : 5.59 %<\/td>\n<\/tr>\n
ENB.PR.P<\/td>\nFixedReset Disc<\/td>\n11,947<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-11-18
\nMaturity Price : 21.35
\nEvaluated at bid price : 21.66
\nBid-YTW : 6.28 %<\/td>\n<\/tr>\n
There were 2 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
PWF.PR.S<\/td>\nPerpetual-Discount<\/td>\nQuote: 16.60 – 22.28
\nSpot Rate : 5.6800
\nAverage : 4.7962<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-11-18
\nMaturity Price : 16.60
\nEvaluated at bid price : 16.60
\nBid-YTW : 7.32 %<\/td>\n<\/tr>\n

CU.PR.G<\/td>\nPerpetual-Discount<\/td>\nQuote: 20.67 – 22.00
\nSpot Rate : 1.3300
\nAverage : 0.9017<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-11-18
\nMaturity Price : 20.67
\nEvaluated at bid price : 20.67
\nBid-YTW : 5.47 %<\/td>\n<\/tr>\n

PWF.PF.A<\/td>\nPerpetual-Discount<\/td>\nQuote: 19.00 – 20.90
\nSpot Rate : 1.9000
\nAverage : 1.5599<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-11-18
\nMaturity Price : 19.00
\nEvaluated at bid price : 19.00
\nBid-YTW : 5.99 %<\/td>\n<\/tr>\n

BN.PR.N<\/td>\nPerpetual-Discount<\/td>\nQuote: 20.55 – 21.59
\nSpot Rate : 1.0400
\nAverage : 0.7208<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-11-18
\nMaturity Price : 20.55
\nEvaluated at bid price : 20.55
\nBid-YTW : 5.88 %<\/td>\n<\/tr>\n

SLF.PR.E<\/td>\nInsurance Straight<\/td>\nQuote: 19.90 – 22.00
\nSpot Rate : 2.1000
\nAverage : 1.8104<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-11-18
\nMaturity Price : 19.90
\nEvaluated at bid price : 19.90
\nBid-YTW : 5.75 %<\/td>\n<\/tr>\n

MFC.PR.B<\/td>\nInsurance Straight<\/td>\nQuote: 21.86 – 22.75
\nSpot Rate : 0.8900
\nAverage : 0.6318<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-11-18
\nMaturity Price : 21.61
\nEvaluated at bid price : 21.86
\nBid-YTW : 5.40 %<\/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 0.00 % 0.00 …<\/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-50818","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/50818","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=50818"}],"version-history":[{"count":2,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/50818\/revisions"}],"predecessor-version":[{"id":50820,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/50818\/revisions\/50820"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=50818"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=50818"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=50818"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}