{"id":51094,"date":"2025-11-27T20:00:45","date_gmt":"2025-11-28T01:00:45","guid":{"rendered":"https:\/\/prefblog.com\/?p=51094"},"modified":"2025-11-27T20:00:45","modified_gmt":"2025-11-28T01:00:45","slug":"november-27-2025","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=51094","title":{"rendered":"November 27, 2025"},"content":{"rendered":"

A very sleepy day for the Canadian preferred share market!<\/p>\n\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>\n0.5669 %<\/td>\n2,406.7<\/td>\n<\/tr>\n
FixedFloater<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.5669 %<\/td>\n4,563.4<\/td>\n<\/tr>\n
Floater<\/td>\n5.99 %<\/td>\n6.27 %<\/td>\n58,302<\/td>\n13.44<\/td>\n3<\/td>\n0.5669 %<\/td>\n2,629.9<\/td>\n<\/tr>\n
OpRet<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.1503 %<\/td>\n3,642.2<\/td>\n<\/tr>\n
SplitShare<\/td>\n4.79 %<\/td>\n4.50 %<\/td>\n73,602<\/td>\n3.24<\/td>\n5<\/td>\n-0.1503 %<\/td>\n4,349.6<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.1503 %<\/td>\n3,393.7<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.69 %<\/td>\n5.53 %<\/td>\n72,120<\/td>\n6.86<\/td>\n7<\/td>\n-0.1134 %<\/td>\n3,082.5<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n5.55 %<\/td>\n5.64 %<\/td>\n49,223<\/td>\n14.40<\/td>\n27<\/td>\n-0.0765 %<\/td>\n3,375.2<\/td>\n<\/tr>\n
FixedReset Disc<\/td>\n5.95 %<\/td>\n5.99 %<\/td>\n104,134<\/td>\n13.65<\/td>\n29<\/td>\n0.0140 %<\/td>\n3,065.4<\/td>\n<\/tr>\n
Insurance Straight<\/td>\n5.46 %<\/td>\n5.54 %<\/td>\n57,780<\/td>\n14.46<\/td>\n21<\/td>\n0.6737 %<\/td>\n3,327.7<\/td>\n<\/tr>\n
FloatingReset<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.0140 %<\/td>\n3,646.6<\/td>\n<\/tr>\n
FixedReset Prem<\/td>\n5.86 %<\/td>\n4.91 %<\/td>\n106,733<\/td>\n2.67<\/td>\n22<\/td>\n0.1005 %<\/td>\n2,642.1<\/td>\n<\/tr>\n
FixedReset Bank Non<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.0140 %<\/td>\n3,133.4<\/td>\n<\/tr>\n
FixedReset Ins Non<\/td>\n5.23 %<\/td>\n5.32 %<\/td>\n62,902<\/td>\n14.57<\/td>\n15<\/td>\n0.2969 %<\/td>\n3,066.5<\/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
Performance Highlights<\/strong><\/td>\n<\/tr>\n
Issue<\/td>\nIndex<\/td>\nChange<\/td>\nNotes<\/td>\n<\/tr>\n
BN.PF.G<\/td>\nFixedReset Disc<\/td>\n-7.96 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-11-27
\nMaturity Price : 21.73
\nEvaluated at bid price : 22.10
\nBid-YTW : 6.46 %<\/td>\n<\/tr>\n
POW.PR.A<\/td>\nPerpetual-Discount<\/td>\n-4.40 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-11-27
\nMaturity Price : 23.63
\nEvaluated at bid price : 23.90
\nBid-YTW : 5.94 %<\/td>\n<\/tr>\n
BN.PF.D<\/td>\nPerpetual-Discount<\/td>\n-3.29 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-11-27
\nMaturity Price : 20.60
\nEvaluated at bid price : 20.60
\nBid-YTW : 6.06 %<\/td>\n<\/tr>\n
MFC.PR.N<\/td>\nFixedReset Ins Non<\/td>\n-1.17 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-11-27
\nMaturity Price : 22.70
\nEvaluated at bid price : 23.73
\nBid-YTW : 5.31 %<\/td>\n<\/tr>\n
IFC.PR.F<\/td>\nInsurance Straight<\/td>\n-1.04 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-11-27
\nMaturity Price : 23.56
\nEvaluated at bid price : 23.85
\nBid-YTW : 5.64 %<\/td>\n<\/tr>\n
GWO.PR.T<\/td>\nInsurance Straight<\/td>\n1.17 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-11-27
\nMaturity Price : 23.16
\nEvaluated at bid price : 23.42
\nBid-YTW : 5.58 %<\/td>\n<\/tr>\n
PWF.PR.A<\/td>\nFloater<\/td>\n1.18 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-11-27
\nMaturity Price : 13.76
\nEvaluated at bid price : 13.76
\nBid-YTW : 5.71 %<\/td>\n<\/tr>\n
GWO.PR.M<\/td>\nInsurance Straight<\/td>\n1.50 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2025-12-27
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.78
\nBid-YTW : -19.67 %<\/td>\n<\/tr>\n
IFC.PR.G<\/td>\nFixedReset Ins Non<\/td>\n1.60 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-11-27
\nMaturity Price : 23.60
\nEvaluated at bid price : 25.45
\nBid-YTW : 5.32 %<\/td>\n<\/tr>\n
SLF.PR.C<\/td>\nInsurance Straight<\/td>\n1.66 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-11-27
\nMaturity Price : 21.45
\nEvaluated at bid price : 21.45
\nBid-YTW : 5.19 %<\/td>\n<\/tr>\n
PWF.PR.E<\/td>\nPerpetual-Discount<\/td>\n1.66 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-11-27
\nMaturity Price : 24.18
\nEvaluated at bid price : 24.44
\nBid-YTW : 5.68 %<\/td>\n<\/tr>\n
ENB.PR.J<\/td>\nFixedReset Disc<\/td>\n2.88 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-11-27
\nMaturity Price : 21.86
\nEvaluated at bid price : 22.17
\nBid-YTW : 6.20 %<\/td>\n<\/tr>\n
MFC.PR.F<\/td>\nFixedReset Ins Non<\/td>\n3.31 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-11-27
\nMaturity Price : 18.10
\nEvaluated at bid price : 18.10
\nBid-YTW : 5.69 %<\/td>\n<\/tr>\n
BN.PF.B<\/td>\nFixedReset Disc<\/td>\n3.43 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-11-27
\nMaturity Price : 22.86
\nEvaluated at bid price : 23.85
\nBid-YTW : 5.88 %<\/td>\n<\/tr>\n
PWF.PF.A<\/td>\nPerpetual-Discount<\/td>\n6.68 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-11-27
\nMaturity Price : 20.43
\nEvaluated at bid price : 20.43
\nBid-YTW : 5.57 %<\/td>\n<\/tr>\n
MFC.PR.C<\/td>\nInsurance Straight<\/td>\n7.65 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-11-27
\nMaturity Price : 21.26
\nEvaluated at bid price : 21.53
\nBid-YTW : 5.22 %<\/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
CU.PR.K<\/td>\nPerpetual-Discount<\/td>\n487,376<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-11-27
\nMaturity Price : 24.57
\nEvaluated at bid price : 24.96
\nBid-YTW : 5.63 %<\/td>\n<\/tr>\n
BN.PF.M<\/td>\nFixedReset Prem<\/td>\n118,000<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2031-01-01
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.45
\nBid-YTW : 5.03 %<\/td>\n<\/tr>\n
BN.PR.T<\/td>\nFixedReset Disc<\/td>\n77,400<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-11-27
\nMaturity Price : 20.11
\nEvaluated at bid price : 20.11
\nBid-YTW : 6.26 %<\/td>\n<\/tr>\n
POW.PR.I<\/td>\nPerpetual-Discount<\/td>\n43,016<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-11-27
\nMaturity Price : 24.62
\nEvaluated at bid price : 25.02
\nBid-YTW : 5.67 %<\/td>\n<\/tr>\n
ENB.PF.G<\/td>\nFixedReset Disc<\/td>\n30,900<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-11-27
\nMaturity Price : 21.73
\nEvaluated at bid price : 22.12
\nBid-YTW : 6.24 %<\/td>\n<\/tr>\n
IFC.PR.A<\/td>\nFixedReset Ins Non<\/td>\n30,800<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-11-27
\nMaturity Price : 21.40
\nEvaluated at bid price : 21.40
\nBid-YTW : 5.39 %<\/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
BN.PF.G<\/td>\nFixedReset Disc<\/td>\nQuote: 22.10 – 24.34
\nSpot Rate : 2.2400
\nAverage : 1.3478<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-11-27
\nMaturity Price : 21.73
\nEvaluated at bid price : 22.10
\nBid-YTW : 6.46 %<\/td>\n<\/tr>\n

POW.PR.A<\/td>\nPerpetual-Discount<\/td>\nQuote: 23.90 – 25.75
\nSpot Rate : 1.8500
\nAverage : 1.3267<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-11-27
\nMaturity Price : 23.63
\nEvaluated at bid price : 23.90
\nBid-YTW : 5.94 %<\/td>\n<\/tr>\n

MFC.PR.L<\/td>\nFixedReset Ins Non<\/td>\nQuote: 23.00 – 25.00
\nSpot Rate : 2.0000
\nAverage : 1.5099<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-11-27
\nMaturity Price : 22.38
\nEvaluated at bid price : 23.00
\nBid-YTW : 5.53 %<\/td>\n<\/tr>\n

CU.PR.G<\/td>\nPerpetual-Discount<\/td>\nQuote: 20.50 – 22.00
\nSpot Rate : 1.5000
\nAverage : 1.0814<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-11-27
\nMaturity Price : 20.50
\nEvaluated at bid price : 20.50
\nBid-YTW : 5.52 %<\/td>\n<\/tr>\n

BN.PF.J<\/td>\nFixedReset Prem<\/td>\nQuote: 25.70 – 26.70
\nSpot Rate : 1.0000
\nAverage : 0.7108<\/p>\n

YTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2027-12-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.70
\nBid-YTW : 5.34 %<\/td>\n<\/tr>\n

BN.PF.D<\/td>\nPerpetual-Discount<\/td>\nQuote: 20.60 – 21.75
\nSpot Rate : 1.1500
\nAverage : 0.8912<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-11-27
\nMaturity Price : 20.60
\nEvaluated at bid price : 20.60
\nBid-YTW : 6.06 %<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

A very sleepy day for the Canadian preferred share market! 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 …<\/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-51094","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/51094","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=51094"}],"version-history":[{"count":1,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/51094\/revisions"}],"predecessor-version":[{"id":51095,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/51094\/revisions\/51095"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=51094"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=51094"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=51094"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}