{"id":51219,"date":"2025-12-09T21:25:14","date_gmt":"2025-12-10T02:25:14","guid":{"rendered":"https:\/\/prefblog.com\/?p=51219"},"modified":"2025-12-09T21:25:14","modified_gmt":"2025-12-10T02:25:14","slug":"december-9-2025","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=51219","title":{"rendered":"December 9, 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>\n0.1272 %<\/td>\n2,426.4<\/td>\n<\/tr>\n
FixedFloater<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.1272 %<\/td>\n4,600.9<\/td>\n<\/tr>\n
Floater<\/td>\n5.94 %<\/td>\n6.22 %<\/td>\n64,118<\/td>\n13.50<\/td>\n3<\/td>\n0.1272 %<\/td>\n2,651.5<\/td>\n<\/tr>\n
OpRet<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.0236 %<\/td>\n3,661.0<\/td>\n<\/tr>\n
SplitShare<\/td>\n4.77 %<\/td>\n4.42 %<\/td>\n73,269<\/td>\n2.11<\/td>\n5<\/td>\n-0.0236 %<\/td>\n4,372.0<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.0236 %<\/td>\n3,411.2<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.70 %<\/td>\n5.68 %<\/td>\n76,625<\/td>\n13.99<\/td>\n7<\/td>\n0.0681 %<\/td>\n3,082.3<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n5.56 %<\/td>\n5.65 %<\/td>\n49,421<\/td>\n14.41<\/td>\n26<\/td>\n0.8190 %<\/td>\n3,400.9<\/td>\n<\/tr>\n
FixedReset Disc<\/td>\n5.84 %<\/td>\n6.10 %<\/td>\n104,321<\/td>\n13.49<\/td>\n31<\/td>\n0.5597 %<\/td>\n3,124.5<\/td>\n<\/tr>\n
Insurance Straight<\/td>\n5.53 %<\/td>\n5.55 %<\/td>\n58,068<\/td>\n14.60<\/td>\n21<\/td>\n0.6038 %<\/td>\n3,285.3<\/td>\n<\/tr>\n
FloatingReset<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.5597 %<\/td>\n3,716.9<\/td>\n<\/tr>\n
FixedReset Prem<\/td>\n5.93 %<\/td>\n4.97 %<\/td>\n104,408<\/td>\n2.52<\/td>\n20<\/td>\n-0.3420 %<\/td>\n2,646.9<\/td>\n<\/tr>\n
FixedReset Bank Non<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.5597 %<\/td>\n3,193.9<\/td>\n<\/tr>\n
FixedReset Ins Non<\/td>\n5.25 %<\/td>\n5.58 %<\/td>\n82,711<\/td>\n14.33<\/td>\n13<\/td>\n0.1888 %<\/td>\n3,122.6<\/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
NA.PR.C<\/td>\nFixedReset Prem<\/td>\n-3.18 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2027-11-15
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.90
\nBid-YTW : 5.35 %<\/td>\n<\/tr>\n
GWO.PR.Y<\/td>\nInsurance Straight<\/td>\n-3.04 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-12-09
\nMaturity Price : 20.12
\nEvaluated at bid price : 20.12
\nBid-YTW : 5.61 %<\/td>\n<\/tr>\n
SLF.PR.G<\/td>\nFixedReset Ins Non<\/td>\n-2.33 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-12-09
\nMaturity Price : 18.90
\nEvaluated at bid price : 18.90
\nBid-YTW : 5.81 %<\/td>\n<\/tr>\n
BN.PF.G<\/td>\nFixedReset Disc<\/td>\n-1.48 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-12-09
\nMaturity Price : 22.81
\nEvaluated at bid price : 24.00
\nBid-YTW : 6.12 %<\/td>\n<\/tr>\n
ENB.PR.A<\/td>\nPerpetual-Discount<\/td>\n-1.42 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-12-09
\nMaturity Price : 24.05
\nEvaluated at bid price : 24.30
\nBid-YTW : 5.70 %<\/td>\n<\/tr>\n
CM.PR.S<\/td>\nFixedReset Prem<\/td>\n-1.11 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2028-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.81
\nBid-YTW : 4.62 %<\/td>\n<\/tr>\n
MFC.PR.F<\/td>\nFixedReset Ins Non<\/td>\n1.02 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-12-09
\nMaturity Price : 18.89
\nEvaluated at bid price : 18.89
\nBid-YTW : 5.81 %<\/td>\n<\/tr>\n
MFC.PR.Q<\/td>\nFixedReset Ins Non<\/td>\n1.03 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2028-06-19
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.45
\nBid-YTW : 5.14 %<\/td>\n<\/tr>\n
PWF.PF.A<\/td>\nPerpetual-Discount<\/td>\n1.09 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-12-09
\nMaturity Price : 20.42
\nEvaluated at bid price : 20.42
\nBid-YTW : 5.59 %<\/td>\n<\/tr>\n
FTS.PR.F<\/td>\nPerpetual-Discount<\/td>\n1.29 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-12-09
\nMaturity Price : 23.32
\nEvaluated at bid price : 23.60
\nBid-YTW : 5.22 %<\/td>\n<\/tr>\n
ENB.PF.A<\/td>\nFixedReset Disc<\/td>\n1.49 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-12-09
\nMaturity Price : 22.06
\nEvaluated at bid price : 22.54
\nBid-YTW : 6.34 %<\/td>\n<\/tr>\n
PWF.PR.T<\/td>\nFixedReset Disc<\/td>\n1.49 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-12-09
\nMaturity Price : 23.20
\nEvaluated at bid price : 24.58
\nBid-YTW : 5.54 %<\/td>\n<\/tr>\n
SLF.PR.C<\/td>\nInsurance Straight<\/td>\n1.61 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-12-09
\nMaturity Price : 21.40
\nEvaluated at bid price : 21.40
\nBid-YTW : 5.21 %<\/td>\n<\/tr>\n
MFC.PR.B<\/td>\nInsurance Straight<\/td>\n1.85 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-12-09
\nMaturity Price : 21.75
\nEvaluated at bid price : 22.00
\nBid-YTW : 5.29 %<\/td>\n<\/tr>\n
FTS.PR.H<\/td>\nFixedReset Disc<\/td>\n1.87 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-12-09
\nMaturity Price : 19.05
\nEvaluated at bid price : 19.05
\nBid-YTW : 5.82 %<\/td>\n<\/tr>\n
SLF.PR.E<\/td>\nInsurance Straight<\/td>\n1.88 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-12-09
\nMaturity Price : 21.38
\nEvaluated at bid price : 21.65
\nBid-YTW : 5.19 %<\/td>\n<\/tr>\n
FTS.PR.K<\/td>\nFixedReset Disc<\/td>\n1.98 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-12-09
\nMaturity Price : 22.50
\nEvaluated at bid price : 23.15
\nBid-YTW : 5.58 %<\/td>\n<\/tr>\n
ENB.PR.F<\/td>\nFixedReset Disc<\/td>\n2.86 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-12-09
\nMaturity Price : 21.30
\nEvaluated at bid price : 21.60
\nBid-YTW : 6.46 %<\/td>\n<\/tr>\n
CU.PR.G<\/td>\nPerpetual-Discount<\/td>\n2.95 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-12-09
\nMaturity Price : 20.60
\nEvaluated at bid price : 20.60
\nBid-YTW : 5.51 %<\/td>\n<\/tr>\n
POW.PR.A<\/td>\nPerpetual-Discount<\/td>\n3.77 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-12-09
\nMaturity Price : 24.55
\nEvaluated at bid price : 24.80
\nBid-YTW : 5.73 %<\/td>\n<\/tr>\n
BN.PF.E<\/td>\nFixedReset Disc<\/td>\n5.85 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-12-09
\nMaturity Price : 22.30
\nEvaluated at bid price : 22.97
\nBid-YTW : 6.04 %<\/td>\n<\/tr>\n
CU.PR.H<\/td>\nPerpetual-Discount<\/td>\n6.89 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-12-09
\nMaturity Price : 23.31
\nEvaluated at bid price : 23.59
\nBid-YTW : 5.60 %<\/td>\n<\/tr>\n
PWF.PR.S<\/td>\nPerpetual-Discount<\/td>\n6.98 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-12-09
\nMaturity Price : 21.68
\nEvaluated at bid price : 21.93
\nBid-YTW : 5.53 %<\/td>\n<\/tr>\n
SLF.PR.D<\/td>\nInsurance Straight<\/td>\n9.83 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-12-09
\nMaturity Price : 21.35
\nEvaluated at bid price : 21.35
\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
MFC.PR.M<\/td>\nFixedReset Ins Non<\/td>\n81,900<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-12-09
\nMaturity Price : 23.15
\nEvaluated at bid price : 24.72
\nBid-YTW : 5.43 %<\/td>\n<\/tr>\n
CU.PR.J<\/td>\nPerpetual-Discount<\/td>\n52,650<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-12-09
\nMaturity Price : 21.10
\nEvaluated at bid price : 21.10
\nBid-YTW : 5.68 %<\/td>\n<\/tr>\n
FTS.PR.K<\/td>\nFixedReset Disc<\/td>\n47,300<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-12-09
\nMaturity Price : 22.50
\nEvaluated at bid price : 23.15
\nBid-YTW : 5.58 %<\/td>\n<\/tr>\n
BN.PF.M<\/td>\nFixedReset Prem<\/td>\n46,353<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2031-01-01
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.55
\nBid-YTW : 5.23 %<\/td>\n<\/tr>\n
PWF.PR.P<\/td>\nFixedReset Disc<\/td>\n41,700<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-12-09
\nMaturity Price : 19.08
\nEvaluated at bid price : 19.08
\nBid-YTW : 6.10 %<\/td>\n<\/tr>\n
CU.PR.K<\/td>\nPerpetual-Discount<\/td>\n37,070<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-12-09
\nMaturity Price : 24.61
\nEvaluated at bid price : 25.00
\nBid-YTW : 5.63 %<\/td>\n<\/tr>\n
There were 14 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
ENB.PF.C<\/td>\nFixedReset Disc<\/td>\nQuote: 22.12 – 24.50
\nSpot Rate : 2.3800
\nAverage : 1.4758<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-12-09
\nMaturity Price : 21.76
\nEvaluated at bid price : 22.12
\nBid-YTW : 6.39 %<\/td>\n<\/tr>\n

MFC.PR.C<\/td>\nInsurance Straight<\/td>\nQuote: 21.74 – 23.40
\nSpot Rate : 1.6600
\nAverage : 1.0415<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-12-09
\nMaturity Price : 21.48
\nEvaluated at bid price : 21.74
\nBid-YTW : 5.18 %<\/td>\n<\/tr>\n

GWO.PR.T<\/td>\nInsurance Straight<\/td>\nQuote: 20.80 – 25.00
\nSpot Rate : 4.2000
\nAverage : 3.5913<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-12-09
\nMaturity Price : 20.80
\nEvaluated at bid price : 20.80
\nBid-YTW : 6.21 %<\/td>\n<\/tr>\n

BN.PR.R<\/td>\nFixedReset Disc<\/td>\nQuote: 20.76 – 22.00
\nSpot Rate : 1.2400
\nAverage : 0.8060<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-12-09
\nMaturity Price : 20.76
\nEvaluated at bid price : 20.76
\nBid-YTW : 6.42 %<\/td>\n<\/tr>\n

NA.PR.C<\/td>\nFixedReset Prem<\/td>\nQuote: 25.90 – 26.95
\nSpot Rate : 1.0500
\nAverage : 0.6607<\/p>\n

YTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2027-11-15
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.90
\nBid-YTW : 5.35 %<\/td>\n<\/tr>\n

SLF.PR.G<\/td>\nFixedReset Ins Non<\/td>\nQuote: 18.90 – 20.00
\nSpot Rate : 1.1000
\nAverage : 0.7408<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-12-09
\nMaturity Price : 18.90
\nEvaluated at bid price : 18.90
\nBid-YTW : 5.81 %<\/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-51219","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/51219","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=51219"}],"version-history":[{"count":1,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/51219\/revisions"}],"predecessor-version":[{"id":51220,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/51219\/revisions\/51220"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=51219"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=51219"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=51219"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}