{"id":51175,"date":"2025-12-01T22:29:35","date_gmt":"2025-12-02T03:29:35","guid":{"rendered":"https:\/\/prefblog.com\/?p=51175"},"modified":"2025-12-01T22:29:35","modified_gmt":"2025-12-02T03:29:35","slug":"december-1-2025","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=51175","title":{"rendered":"December 1, 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-0.8687 %<\/td>\n2,392.5<\/td>\n<\/tr>\n
FixedFloater<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.8687 %<\/td>\n4,536.6<\/td>\n<\/tr>\n
Floater<\/td>\n6.02 %<\/td>\n6.28 %<\/td>\n57,432<\/td>\n13.43<\/td>\n3<\/td>\n-0.8687 %<\/td>\n2,614.4<\/td>\n<\/tr>\n
OpRet<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.1824 %<\/td>\n3,646.0<\/td>\n<\/tr>\n
SplitShare<\/td>\n4.79 %<\/td>\n4.49 %<\/td>\n70,118<\/td>\n3.22<\/td>\n5<\/td>\n0.1824 %<\/td>\n4,354.1<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.1824 %<\/td>\n3,397.2<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.66 %<\/td>\n-5.22 %<\/td>\n74,801<\/td>\n0.09<\/td>\n7<\/td>\n0.3337 %<\/td>\n3,102.4<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n5.52 %<\/td>\n5.62 %<\/td>\n50,015<\/td>\n14.46<\/td>\n28<\/td>\n-0.4128 %<\/td>\n3,389.7<\/td>\n<\/tr>\n
FixedReset Disc<\/td>\n5.85 %<\/td>\n5.91 %<\/td>\n104,661<\/td>\n13.67<\/td>\n32<\/td>\n0.0512 %<\/td>\n3,096.9<\/td>\n<\/tr>\n
Insurance Straight<\/td>\n5.43 %<\/td>\n5.52 %<\/td>\n57,611<\/td>\n14.51<\/td>\n21<\/td>\n0.1590 %<\/td>\n3,345.1<\/td>\n<\/tr>\n
FloatingReset<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.0512 %<\/td>\n3,684.1<\/td>\n<\/tr>\n
FixedReset Prem<\/td>\n5.93 %<\/td>\n4.91 %<\/td>\n109,422<\/td>\n2.66<\/td>\n20<\/td>\n0.0791 %<\/td>\n2,646.2<\/td>\n<\/tr>\n
FixedReset Bank Non<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.0512 %<\/td>\n3,165.7<\/td>\n<\/tr>\n
FixedReset Ins Non<\/td>\n5.39 %<\/td>\n5.34 %<\/td>\n75,546<\/td>\n14.45<\/td>\n13<\/td>\n-1.1800 %<\/td>\n3,043.2<\/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
Performance Highlights<\/strong><\/td>\n<\/tr>\n
Issue<\/td>\nIndex<\/td>\nChange<\/td>\nNotes<\/td>\n<\/tr>\n
GWO.PR.N<\/td>\nFixedReset Ins Non<\/td>\n-10.69 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-12-01
\nMaturity Price : 15.46
\nEvaluated at bid price : 15.46
\nBid-YTW : 6.68 %<\/td>\n<\/tr>\n
BN.PF.G<\/td>\nFixedReset Disc<\/td>\n-8.49 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-12-01
\nMaturity Price : 21.73
\nEvaluated at bid price : 22.10
\nBid-YTW : 6.49 %<\/td>\n<\/tr>\n
PWF.PR.S<\/td>\nPerpetual-Discount<\/td>\n-5.83 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-12-01
\nMaturity Price : 20.50
\nEvaluated at bid price : 20.50
\nBid-YTW : 5.93 %<\/td>\n<\/tr>\n
MFC.PR.L<\/td>\nFixedReset Ins Non<\/td>\n-5.47 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-12-01
\nMaturity Price : 22.38
\nEvaluated at bid price : 23.00
\nBid-YTW : 5.56 %<\/td>\n<\/tr>\n
POW.PR.A<\/td>\nPerpetual-Discount<\/td>\n-4.02 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-12-01
\nMaturity Price : 23.63
\nEvaluated at bid price : 23.90
\nBid-YTW : 5.94 %<\/td>\n<\/tr>\n
PWF.PR.K<\/td>\nPerpetual-Discount<\/td>\n-3.56 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-12-01
\nMaturity Price : 21.38
\nEvaluated at bid price : 21.65
\nBid-YTW : 5.77 %<\/td>\n<\/tr>\n
ENB.PR.F<\/td>\nFixedReset Disc<\/td>\n-3.40 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-12-01
\nMaturity Price : 20.75
\nEvaluated at bid price : 20.75
\nBid-YTW : 6.49 %<\/td>\n<\/tr>\n
MFC.PR.F<\/td>\nFixedReset Ins Non<\/td>\n-2.94 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-12-01
\nMaturity Price : 17.52
\nEvaluated at bid price : 17.52
\nBid-YTW : 5.93 %<\/td>\n<\/tr>\n
PWF.PR.A<\/td>\nFloater<\/td>\n-2.25 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-12-01
\nMaturity Price : 13.49
\nEvaluated at bid price : 13.49
\nBid-YTW : 5.83 %<\/td>\n<\/tr>\n
ENB.PR.D<\/td>\nFixedReset Disc<\/td>\n-2.15 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-12-01
\nMaturity Price : 20.45
\nEvaluated at bid price : 20.45
\nBid-YTW : 6.41 %<\/td>\n<\/tr>\n
BN.PR.N<\/td>\nPerpetual-Discount<\/td>\n-1.10 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-12-01
\nMaturity Price : 20.77
\nEvaluated at bid price : 20.77
\nBid-YTW : 5.83 %<\/td>\n<\/tr>\n
ENB.PR.Y<\/td>\nFixedReset Disc<\/td>\n1.05 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-12-01
\nMaturity Price : 21.14
\nEvaluated at bid price : 21.14
\nBid-YTW : 6.20 %<\/td>\n<\/tr>\n
FTS.PR.F<\/td>\nPerpetual-Discount<\/td>\n1.08 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-12-01
\nMaturity Price : 23.14
\nEvaluated at bid price : 23.40
\nBid-YTW : 5.25 %<\/td>\n<\/tr>\n
BN.PF.E<\/td>\nFixedReset Disc<\/td>\n1.12 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-12-01
\nMaturity Price : 22.07
\nEvaluated at bid price : 22.60
\nBid-YTW : 5.95 %<\/td>\n<\/tr>\n
ENB.PF.G<\/td>\nFixedReset Disc<\/td>\n1.12 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-12-01
\nMaturity Price : 21.97
\nEvaluated at bid price : 22.48
\nBid-YTW : 6.16 %<\/td>\n<\/tr>\n
ENB.PR.J<\/td>\nFixedReset Disc<\/td>\n1.13 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-12-01
\nMaturity Price : 21.99
\nEvaluated at bid price : 22.35
\nBid-YTW : 6.17 %<\/td>\n<\/tr>\n
PWF.PR.T<\/td>\nFixedReset Disc<\/td>\n1.30 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-12-01
\nMaturity Price : 23.35
\nEvaluated at bid price : 25.00
\nBid-YTW : 5.21 %<\/td>\n<\/tr>\n
PWF.PR.H<\/td>\nPerpetual-Premium<\/td>\n1.40 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2025-12-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.35
\nBid-YTW : -5.22 %<\/td>\n<\/tr>\n
ENB.PF.C<\/td>\nFixedReset Disc<\/td>\n1.42 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-12-01
\nMaturity Price : 21.82
\nEvaluated at bid price : 22.21
\nBid-YTW : 6.15 %<\/td>\n<\/tr>\n
PWF.PR.P<\/td>\nFixedReset Disc<\/td>\n1.58 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-12-01
\nMaturity Price : 18.65
\nEvaluated at bid price : 18.65
\nBid-YTW : 5.91 %<\/td>\n<\/tr>\n
POW.PR.B<\/td>\nPerpetual-Discount<\/td>\n1.71 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-12-01
\nMaturity Price : 24.16
\nEvaluated at bid price : 24.41
\nBid-YTW : 5.55 %<\/td>\n<\/tr>\n
FTS.PR.G<\/td>\nFixedReset Disc<\/td>\n1.97 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-12-01
\nMaturity Price : 23.37
\nEvaluated at bid price : 24.85
\nBid-YTW : 5.10 %<\/td>\n<\/tr>\n
GWO.PR.L<\/td>\nInsurance Straight<\/td>\n2.09 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2025-12-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.42
\nBid-YTW : -3.24 %<\/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
FFH.PR.I<\/td>\nFixedReset Disc<\/td>\n765,000<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2025-12-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.14
\nBid-YTW : 3.31 %<\/td>\n<\/tr>\n
BN.PF.M<\/td>\nFixedReset Prem<\/td>\n71,200<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2031-01-01
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.60
\nBid-YTW : 4.91 %<\/td>\n<\/tr>\n
CU.PR.K<\/td>\nPerpetual-Discount<\/td>\n65,200<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-12-01
\nMaturity Price : 24.62
\nEvaluated at bid price : 25.01
\nBid-YTW : 5.62 %<\/td>\n<\/tr>\n
GWO.PR.N<\/td>\nFixedReset Ins Non<\/td>\n52,000<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-12-01
\nMaturity Price : 15.46
\nEvaluated at bid price : 15.46
\nBid-YTW : 6.68 %<\/td>\n<\/tr>\n
GWO.PR.P<\/td>\nInsurance Straight<\/td>\n44,400<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-12-01
\nMaturity Price : 24.16
\nEvaluated at bid price : 24.42
\nBid-YTW : 5.62 %<\/td>\n<\/tr>\n
IFC.PR.G<\/td>\nFixedReset Ins Non<\/td>\n44,400<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-12-01
\nMaturity Price : 23.65
\nEvaluated at bid price : 25.59
\nBid-YTW : 5.32 %<\/td>\n<\/tr>\n
There were 20 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
GWO.PR.N<\/td>\nFixedReset Ins Non<\/td>\nQuote: 15.46 – 18.20
\nSpot Rate : 2.7400
\nAverage : 1.7553<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-12-01
\nMaturity Price : 15.46
\nEvaluated at bid price : 15.46
\nBid-YTW : 6.68 %<\/td>\n<\/tr>\n

ENB.PF.G<\/td>\nFixedReset Disc<\/td>\nQuote: 22.48 – 24.75
\nSpot Rate : 2.2700
\nAverage : 1.3526<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-12-01
\nMaturity Price : 21.97
\nEvaluated at bid price : 22.48
\nBid-YTW : 6.16 %<\/td>\n<\/tr>\n

BN.PF.G<\/td>\nFixedReset Disc<\/td>\nQuote: 22.10 – 24.48
\nSpot Rate : 2.3800
\nAverage : 1.6063<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-12-01
\nMaturity Price : 21.73
\nEvaluated at bid price : 22.10
\nBid-YTW : 6.49 %<\/td>\n<\/tr>\n

MFC.PR.F<\/td>\nFixedReset Ins Non<\/td>\nQuote: 17.52 – 19.25
\nSpot Rate : 1.7300
\nAverage : 1.2214<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-12-01
\nMaturity Price : 17.52
\nEvaluated at bid price : 17.52
\nBid-YTW : 5.93 %<\/td>\n<\/tr>\n

GWO.PR.Z<\/td>\nInsurance Straight<\/td>\nQuote: 25.50 – 26.50
\nSpot Rate : 1.0000
\nAverage : 0.6154<\/p>\n

YTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2034-09-30
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.50
\nBid-YTW : 5.60 %<\/td>\n<\/tr>\n

POW.PR.A<\/td>\nPerpetual-Discount<\/td>\nQuote: 23.90 – 25.75
\nSpot Rate : 1.8500
\nAverage : 1.4815<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-12-01
\nMaturity Price : 23.63
\nEvaluated at bid price : 23.90
\nBid-YTW : 5.94 %<\/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-51175","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/51175","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=51175"}],"version-history":[{"count":1,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/51175\/revisions"}],"predecessor-version":[{"id":51176,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/51175\/revisions\/51176"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=51175"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=51175"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=51175"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}