{"id":51024,"date":"2019-12-19T20:24:00","date_gmt":"2019-12-20T01:24:00","guid":{"rendered":"https:\/\/prefblog.com\/?p=51024"},"modified":"2025-11-26T20:25:02","modified_gmt":"2025-11-27T01:25:02","slug":"december-19-2025","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=51024","title":{"rendered":"December 19, 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>\n-0.1936 %<\/td>\n2,047.4<\/td>\n<\/tr>\n
FixedFloater<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.1936 %<\/td>\n3,756.9<\/td>\n<\/tr>\n
Floater<\/td>\n5.96 %<\/td>\n6.14 %<\/td>\n57,769<\/td>\n13.71<\/td>\n4<\/td>\n-0.1936 %<\/td>\n2,165.1<\/td>\n<\/tr>\n
OpRet<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.3582 %<\/td>\n3,434.4<\/td>\n<\/tr>\n
SplitShare<\/td>\n4.64 %<\/td>\n4.42 %<\/td>\n39,870<\/td>\n3.82<\/td>\n7<\/td>\n-0.3582 %<\/td>\n4,101.4<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.3582 %<\/td>\n3,200.1<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.55 %<\/td>\n-10.76 %<\/td>\n61,714<\/td>\n0.09<\/td>\n10<\/td>\n-0.0704 %<\/td>\n3,041.9<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n5.27 %<\/td>\n5.32 %<\/td>\n72,488<\/td>\n14.86<\/td>\n25<\/td>\n-0.0137 %<\/td>\n3,285.7<\/td>\n<\/tr>\n
FixedReset Disc<\/td>\n5.48 %<\/td>\n5.76 %<\/td>\n227,719<\/td>\n14.28<\/td>\n66<\/td>\n-0.0571 %<\/td>\n2,154.8<\/td>\n<\/tr>\n
Deemed-Retractible<\/td>\n5.17 %<\/td>\n5.28 %<\/td>\n72,385<\/td>\n14.97<\/td>\n27<\/td>\n-0.1420 %<\/td>\n3,227.6<\/td>\n<\/tr>\n
FloatingReset<\/td>\n6.06 %<\/td>\n6.27 %<\/td>\n138,687<\/td>\n13.53<\/td>\n2<\/td>\n-0.7598 %<\/td>\n2,540.1<\/td>\n<\/tr>\n
FixedReset Prem<\/td>\n5.10 %<\/td>\n3.54 %<\/td>\n122,847<\/td>\n1.52<\/td>\n20<\/td>\n-0.1009 %<\/td>\n2,642.5<\/td>\n<\/tr>\n
FixedReset Bank Non<\/td>\n1.94 %<\/td>\n3.96 %<\/td>\n67,876<\/td>\n2.05<\/td>\n3<\/td>\n-0.0955 %<\/td>\n2,721.7<\/td>\n<\/tr>\n
FixedReset Ins Non<\/td>\n5.40 %<\/td>\n5.73 %<\/td>\n146,146<\/td>\n14.31<\/td>\n22<\/td>\n-0.1378 %<\/td>\n2,175.7<\/td>\n<\/tr>\n<\/table>\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
TRP.PR.E<\/td>\nFixedReset Disc<\/td>\n-2.18 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-12-19
\nMaturity Price : 16.12
\nEvaluated at bid price : 16.12
\nBid-YTW : 6.17 %<\/td>\n<\/tr>\n
CCS.PR.C<\/td>\nDeemed-Retractible<\/td>\n-1.98 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-12-19
\nMaturity Price : 23.42
\nEvaluated at bid price : 23.71
\nBid-YTW : 5.28 %<\/td>\n<\/tr>\n
CU.PR.C<\/td>\nFixedReset Disc<\/td>\n-1.86 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-12-19
\nMaturity Price : 17.37
\nEvaluated at bid price : 17.37
\nBid-YTW : 5.71 %<\/td>\n<\/tr>\n
MFC.PR.M<\/td>\nFixedReset Ins Non<\/td>\n-1.80 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-12-19
\nMaturity Price : 17.42
\nEvaluated at bid price : 17.42
\nBid-YTW : 5.75 %<\/td>\n<\/tr>\n
GWO.PR.N<\/td>\nFixedReset Ins Non<\/td>\n-1.78 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-12-19
\nMaturity Price : 13.22
\nEvaluated at bid price : 13.22
\nBid-YTW : 5.47 %<\/td>\n<\/tr>\n
MFC.PR.L<\/td>\nFixedReset Ins Non<\/td>\n-1.16 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-12-19
\nMaturity Price : 17.11
\nEvaluated at bid price : 17.11
\nBid-YTW : 5.56 %<\/td>\n<\/tr>\n
PWF.PR.R<\/td>\nPerpetual-Premium<\/td>\n-1.10 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-12-19
\nMaturity Price : 24.80
\nEvaluated at bid price : 25.10
\nBid-YTW : 5.55 %<\/td>\n<\/tr>\n
SLF.PR.J<\/td>\nFloatingReset<\/td>\n-1.06 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-12-19
\nMaturity Price : 13.12
\nEvaluated at bid price : 13.12
\nBid-YTW : 5.86 %<\/td>\n<\/tr>\n
PWF.PR.S<\/td>\nPerpetual-Discount<\/td>\n1.02 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-12-19
\nMaturity Price : 22.38
\nEvaluated at bid price : 22.79
\nBid-YTW : 5.32 %<\/td>\n<\/tr>\n
BAM.PR.X<\/td>\nFixedReset Disc<\/td>\n1.03 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-12-19
\nMaturity Price : 13.75
\nEvaluated at bid price : 13.75
\nBid-YTW : 6.06 %<\/td>\n<\/tr>\n
TRP.PR.B<\/td>\nFixedReset Disc<\/td>\n1.18 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-12-19
\nMaturity Price : 11.99
\nEvaluated at bid price : 11.99
\nBid-YTW : 6.05 %<\/td>\n<\/tr>\n
BAM.PR.T<\/td>\nFixedReset Disc<\/td>\n1.19 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-12-19
\nMaturity Price : 16.13
\nEvaluated at bid price : 16.13
\nBid-YTW : 6.02 %<\/td>\n<\/tr>\n
BAM.PR.R<\/td>\nFixedReset Disc<\/td>\n2.76 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-12-19
\nMaturity Price : 16.00
\nEvaluated at bid price : 16.00
\nBid-YTW : 6.03 %<\/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
RY.PR.Z<\/td>\nFixedReset Disc<\/td>\n131,602<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-12-19
\nMaturity Price : 17.31
\nEvaluated at bid price : 17.31
\nBid-YTW : 5.55 %<\/td>\n<\/tr>\n
RY.PR.S<\/td>\nFixedReset Disc<\/td>\n75,837<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-12-19
\nMaturity Price : 19.35
\nEvaluated at bid price : 19.35
\nBid-YTW : 5.48 %<\/td>\n<\/tr>\n
BMO.PR.E<\/td>\nFixedReset Disc<\/td>\n63,250<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-12-19
\nMaturity Price : 20.02
\nEvaluated at bid price : 20.02
\nBid-YTW : 5.59 %<\/td>\n<\/tr>\n
BMO.PR.D<\/td>\nFixedReset Disc<\/td>\n60,345<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-12-19
\nMaturity Price : 21.05
\nEvaluated at bid price : 21.05
\nBid-YTW : 5.68 %<\/td>\n<\/tr>\n
NA.PR.G<\/td>\nFixedReset Disc<\/td>\n45,980<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-12-19
\nMaturity Price : 19.48
\nEvaluated at bid price : 19.48
\nBid-YTW : 5.89 %<\/td>\n<\/tr>\n
TD.PF.J<\/td>\nFixedReset Disc<\/td>\n45,246<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-12-19
\nMaturity Price : 19.82
\nEvaluated at bid price : 19.82
\nBid-YTW : 5.64 %<\/td>\n<\/tr>\n
There were 64 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
Wide Spread Highlights<\/strong><\/td>\n<\/tr>\n
Issue<\/td>\nIndex<\/td>\nQuote Data and Yield Notes<\/td>\n<\/tr>\n
ELF.PR.G<\/td>\nPerpetual-Discount<\/td>\nQuote: 22.22 – 22.69
\nSpot Rate : 0.4700
\nAverage : 0.2888<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-12-19
\nMaturity Price : 21.98
\nEvaluated at bid price : 22.22
\nBid-YTW : 5.43 %<\/td>\n<\/tr>\n

CCS.PR.C<\/td>\nDeemed-Retractible<\/td>\nQuote: 23.71 – 24.32
\nSpot Rate : 0.6100
\nAverage : 0.4748<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-12-19
\nMaturity Price : 23.42
\nEvaluated at bid price : 23.71
\nBid-YTW : 5.28 %<\/td>\n<\/tr>\n

BMO.PR.B<\/td>\nFixedReset Prem<\/td>\nQuote: 25.68 – 26.00
\nSpot Rate : 0.3200
\nAverage : 0.1947<\/p>\n

YTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2022-02-25
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.68
\nBid-YTW : 3.72 %<\/td>\n<\/tr>\n

TRP.PR.E<\/td>\nFixedReset Disc<\/td>\nQuote: 16.12 – 16.48
\nSpot Rate : 0.3600
\nAverage : 0.2450<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-12-19
\nMaturity Price : 16.12
\nEvaluated at bid price : 16.12
\nBid-YTW : 6.17 %<\/td>\n<\/tr>\n

EMA.PR.C<\/td>\nFixedReset Disc<\/td>\nQuote: 18.35 – 18.72
\nSpot Rate : 0.3700
\nAverage : 0.2705<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-12-19
\nMaturity Price : 18.35
\nEvaluated at bid price : 18.35
\nBid-YTW : 6.04 %<\/td>\n<\/tr>\n

CU.PR.C<\/td>\nFixedReset Disc<\/td>\nQuote: 17.37 – 17.65
\nSpot Rate : 0.2800
\nAverage : 0.1870<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-12-19
\nMaturity Price : 17.37
\nEvaluated at bid price : 17.37
\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 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-51024","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/51024","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=51024"}],"version-history":[{"count":1,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/51024\/revisions"}],"predecessor-version":[{"id":51025,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/51024\/revisions\/51025"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=51024"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=51024"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=51024"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}