{"id":51197,"date":"2025-12-04T19:38:46","date_gmt":"2025-12-05T00:38:46","guid":{"rendered":"https:\/\/prefblog.com\/?p=51197"},"modified":"2025-12-04T19:38:46","modified_gmt":"2025-12-05T00:38:46","slug":"december-4-2025","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=51197","title":{"rendered":"December 4, 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>\n0.1024 %<\/td>\n2,410.4<\/td>\n<\/tr>\n
FixedFloater<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.1024 %<\/td>\n4,570.5<\/td>\n<\/tr>\n
Floater<\/td>\n5.98 %<\/td>\n6.27 %<\/td>\n61,612<\/td>\n13.44<\/td>\n3<\/td>\n0.1024 %<\/td>\n2,634.0<\/td>\n<\/tr>\n
OpRet<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.2366 %<\/td>\n3,667.6<\/td>\n<\/tr>\n
SplitShare<\/td>\n4.76 %<\/td>\n4.24 %<\/td>\n68,306<\/td>\n1.20<\/td>\n5<\/td>\n0.2366 %<\/td>\n4,379.9<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.2366 %<\/td>\n3,417.4<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.64 %<\/td>\n-10.20 %<\/td>\n71,784<\/td>\n0.09<\/td>\n7<\/td>\n-0.2356 %<\/td>\n3,110.3<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n5.48 %<\/td>\n5.57 %<\/td>\n50,437<\/td>\n14.50<\/td>\n28<\/td>\n0.0435 %<\/td>\n3,417.5<\/td>\n<\/tr>\n
FixedReset Disc<\/td>\n5.84 %<\/td>\n5.87 %<\/td>\n102,211<\/td>\n13.76<\/td>\n31<\/td>\n0.1635 %<\/td>\n3,125.3<\/td>\n<\/tr>\n
Insurance Straight<\/td>\n5.48 %<\/td>\n5.46 %<\/td>\n61,108<\/td>\n14.63<\/td>\n21<\/td>\n0.1499 %<\/td>\n3,316.8<\/td>\n<\/tr>\n
FloatingReset<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.1635 %<\/td>\n3,717.8<\/td>\n<\/tr>\n
FixedReset Prem<\/td>\n5.91 %<\/td>\n4.76 %<\/td>\n103,796<\/td>\n2.66<\/td>\n20<\/td>\n-0.0115 %<\/td>\n2,656.0<\/td>\n<\/tr>\n
FixedReset Bank Non<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.1635 %<\/td>\n3,194.7<\/td>\n<\/tr>\n
FixedReset Ins Non<\/td>\n5.28 %<\/td>\n5.32 %<\/td>\n83,096<\/td>\n14.65<\/td>\n13<\/td>\n1.0179 %<\/td>\n3,104.2<\/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\n
Performance Highlights<\/strong><\/td>\n<\/tr>\n
Issue<\/td>\nIndex<\/td>\nChange<\/td>\nNotes<\/td>\n<\/tr>\n
PWF.PR.S<\/td>\nPerpetual-Discount<\/td>\n-4.82 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-12-04
\nMaturity Price : 20.94
\nEvaluated at bid price : 20.94
\nBid-YTW : 5.81 %<\/td>\n<\/tr>\n
GWO.PR.S<\/td>\nInsurance Straight<\/td>\n-3.20 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-12-04
\nMaturity Price : 23.07
\nEvaluated at bid price : 23.33
\nBid-YTW : 5.62 %<\/td>\n<\/tr>\n
SLF.PR.E<\/td>\nInsurance Straight<\/td>\n-2.66 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-12-04
\nMaturity Price : 21.22
\nEvaluated at bid price : 21.22
\nBid-YTW : 5.31 %<\/td>\n<\/tr>\n
ENB.PF.A<\/td>\nFixedReset Disc<\/td>\n-2.62 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-12-04
\nMaturity Price : 21.90
\nEvaluated at bid price : 22.30
\nBid-YTW : 6.21 %<\/td>\n<\/tr>\n
POW.PR.G<\/td>\nPerpetual-Discount<\/td>\n-2.36 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-12-04
\nMaturity Price : 24.20
\nEvaluated at bid price : 24.46
\nBid-YTW : 5.81 %<\/td>\n<\/tr>\n
BN.PF.G<\/td>\nFixedReset Disc<\/td>\n-2.04 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-12-04
\nMaturity Price : 22.81
\nEvaluated at bid price : 24.00
\nBid-YTW : 5.93 %<\/td>\n<\/tr>\n
GWO.PR.Q<\/td>\nInsurance Straight<\/td>\n-1.41 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-12-04
\nMaturity Price : 22.71
\nEvaluated at bid price : 23.00
\nBid-YTW : 5.59 %<\/td>\n<\/tr>\n
SLF.PR.G<\/td>\nFixedReset Ins Non<\/td>\n-1.27 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-12-04
\nMaturity Price : 19.44
\nEvaluated at bid price : 19.44
\nBid-YTW : 5.42 %<\/td>\n<\/tr>\n
IFC.PR.I<\/td>\nInsurance Straight<\/td>\n-1.17 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-12-04
\nMaturity Price : 24.31
\nEvaluated at bid price : 24.60
\nBid-YTW : 5.58 %<\/td>\n<\/tr>\n
PVS.PR.M<\/td>\nSplitShare<\/td>\n1.06 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2031-03-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.70
\nBid-YTW : 4.58 %<\/td>\n<\/tr>\n
BN.PR.N<\/td>\nPerpetual-Discount<\/td>\n1.15 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-12-04
\nMaturity Price : 21.02
\nEvaluated at bid price : 21.02
\nBid-YTW : 5.76 %<\/td>\n<\/tr>\n
CU.PR.J<\/td>\nPerpetual-Discount<\/td>\n1.16 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-12-04
\nMaturity Price : 21.52
\nEvaluated at bid price : 21.85
\nBid-YTW : 5.46 %<\/td>\n<\/tr>\n
FTS.PR.H<\/td>\nFixedReset Disc<\/td>\n1.33 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-12-04
\nMaturity Price : 19.00
\nEvaluated at bid price : 19.00
\nBid-YTW : 5.60 %<\/td>\n<\/tr>\n
BN.PR.Z<\/td>\nFixedReset Disc<\/td>\n1.38 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-12-04
\nMaturity Price : 23.58
\nEvaluated at bid price : 25.04
\nBid-YTW : 5.83 %<\/td>\n<\/tr>\n
PWF.PR.L<\/td>\nPerpetual-Discount<\/td>\n1.48 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-12-04
\nMaturity Price : 22.97
\nEvaluated at bid price : 23.24
\nBid-YTW : 5.54 %<\/td>\n<\/tr>\n
MFC.PR.J<\/td>\nFixedReset Ins Non<\/td>\n1.60 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-12-04
\nMaturity Price : 23.64
\nEvaluated at bid price : 25.35
\nBid-YTW : 5.36 %<\/td>\n<\/tr>\n
ENB.PF.C<\/td>\nFixedReset Disc<\/td>\n1.64 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-12-04
\nMaturity Price : 21.86
\nEvaluated at bid price : 22.26
\nBid-YTW : 6.14 %<\/td>\n<\/tr>\n
POW.PR.B<\/td>\nPerpetual-Discount<\/td>\n2.08 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-12-04
\nMaturity Price : 24.21
\nEvaluated at bid price : 24.50
\nBid-YTW : 5.53 %<\/td>\n<\/tr>\n
CU.PR.F<\/td>\nPerpetual-Discount<\/td>\n2.18 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-12-04
\nMaturity Price : 21.05
\nEvaluated at bid price : 21.05
\nBid-YTW : 5.38 %<\/td>\n<\/tr>\n
GWO.PR.Y<\/td>\nInsurance Straight<\/td>\n4.51 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-12-04
\nMaturity Price : 20.86
\nEvaluated at bid price : 20.86
\nBid-YTW : 5.40 %<\/td>\n<\/tr>\n
ENB.PR.F<\/td>\nFixedReset Disc<\/td>\n4.82 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-12-04
\nMaturity Price : 21.41
\nEvaluated at bid price : 21.75
\nBid-YTW : 6.17 %<\/td>\n<\/tr>\n
BN.PF.E<\/td>\nFixedReset Disc<\/td>\n5.53 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-12-04
\nMaturity Price : 22.26
\nEvaluated at bid price : 22.90
\nBid-YTW : 5.86 %<\/td>\n<\/tr>\n
GWO.PR.T<\/td>\nInsurance Straight<\/td>\n5.85 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-12-04
\nMaturity Price : 21.00
\nEvaluated at bid price : 21.00
\nBid-YTW : 6.15 %<\/td>\n<\/tr>\n
GWO.PR.N<\/td>\nFixedReset Ins Non<\/td>\n18.76 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-12-04
\nMaturity Price : 18.36
\nEvaluated at bid price : 18.36
\nBid-YTW : 5.58 %<\/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>\n301,300<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2026-01-30
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.15
\nBid-YTW : 4.58 %<\/td>\n<\/tr>\n
BN.PF.H<\/td>\nFixedReset Prem<\/td>\n203,553<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2026-01-30
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.25
\nBid-YTW : 5.42 %<\/td>\n<\/tr>\n
BN.PF.G<\/td>\nFixedReset Disc<\/td>\n161,800<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-12-04
\nMaturity Price : 22.81
\nEvaluated at bid price : 24.00
\nBid-YTW : 5.93 %<\/td>\n<\/tr>\n
SLF.PR.G<\/td>\nFixedReset Ins Non<\/td>\n141,867<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-12-04
\nMaturity Price : 19.44
\nEvaluated at bid price : 19.44
\nBid-YTW : 5.42 %<\/td>\n<\/tr>\n
FTS.PR.H<\/td>\nFixedReset Disc<\/td>\n102,300<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-12-04
\nMaturity Price : 19.00
\nEvaluated at bid price : 19.00
\nBid-YTW : 5.60 %<\/td>\n<\/tr>\n
BN.PF.E<\/td>\nFixedReset Disc<\/td>\n85,389<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-12-04
\nMaturity Price : 22.26
\nEvaluated at bid price : 22.90
\nBid-YTW : 5.86 %<\/td>\n<\/tr>\n
There were 9 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.PR.R<\/td>\nFixedReset Disc<\/td>\nQuote: 20.70 – 22.00
\nSpot Rate : 1.3000
\nAverage : 0.8501<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-12-04
\nMaturity Price : 20.70
\nEvaluated at bid price : 20.70
\nBid-YTW : 6.15 %<\/td>\n<\/tr>\n

PVS.PR.L<\/td>\nSplitShare<\/td>\nQuote: 26.15 – 27.15
\nSpot Rate : 1.0000
\nAverage : 0.6190<\/p>\n

YTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2026-01-03
\nMaturity Price : 26.00
\nEvaluated at bid price : 26.15
\nBid-YTW : -2.24 %<\/td>\n<\/tr>\n

CU.PR.G<\/td>\nPerpetual-Discount<\/td>\nQuote: 20.93 – 22.00
\nSpot Rate : 1.0700
\nAverage : 0.7842<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-12-04
\nMaturity Price : 20.93
\nEvaluated at bid price : 20.93
\nBid-YTW : 5.42 %<\/td>\n<\/tr>\n

POW.PR.G<\/td>\nPerpetual-Discount<\/td>\nQuote: 24.46 – 25.16
\nSpot Rate : 0.7000
\nAverage : 0.4376<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-12-04
\nMaturity Price : 24.20
\nEvaluated at bid price : 24.46
\nBid-YTW : 5.81 %<\/td>\n<\/tr>\n

GWO.PR.S<\/td>\nInsurance Straight<\/td>\nQuote: 23.33 – 24.18
\nSpot Rate : 0.8500
\nAverage : 0.6150<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-12-04
\nMaturity Price : 23.07
\nEvaluated at bid price : 23.33
\nBid-YTW : 5.62 %<\/td>\n<\/tr>\n

SLF.PR.E<\/td>\nInsurance Straight<\/td>\nQuote: 21.22 – 21.94
\nSpot Rate : 0.7200
\nAverage : 0.4888<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-12-04
\nMaturity Price : 21.22
\nEvaluated at bid price : 21.22
\nBid-YTW : 5.31 %<\/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-51197","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/51197","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=51197"}],"version-history":[{"count":1,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/51197\/revisions"}],"predecessor-version":[{"id":51198,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/51197\/revisions\/51198"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=51197"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=51197"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=51197"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}