{"id":51229,"date":"2025-12-12T22:22:29","date_gmt":"2025-12-13T03:22:29","guid":{"rendered":"https:\/\/prefblog.com\/?p=51229"},"modified":"2025-12-12T22:22:29","modified_gmt":"2025-12-13T03:22:29","slug":"december-12-2025","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=51229","title":{"rendered":"December 12, 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-0.1014 %<\/td>\n2,429.5<\/td>\n<\/tr>\n
FixedFloater<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.1014 %<\/td>\n4,606.7<\/td>\n<\/tr>\n
Floater<\/td>\n5.93 %<\/td>\n6.22 %<\/td>\n66,360<\/td>\n13.49<\/td>\n3<\/td>\n-0.1014 %<\/td>\n2,654.9<\/td>\n<\/tr>\n
OpRet<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.0787 %<\/td>\n3,667.6<\/td>\n<\/tr>\n
SplitShare<\/td>\n4.76 %<\/td>\n3.79 %<\/td>\n73,162<\/td>\n1.18<\/td>\n5<\/td>\n0.0787 %<\/td>\n4,379.9<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.0787 %<\/td>\n3,417.4<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.64 %<\/td>\n-0.80 %<\/td>\n80,557<\/td>\n0.09<\/td>\n7<\/td>\n0.3441 %<\/td>\n3,111.0<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n5.53 %<\/td>\n5.62 %<\/td>\n50,389<\/td>\n14.43<\/td>\n26<\/td>\n0.2783 %<\/td>\n3,421.9<\/td>\n<\/tr>\n
FixedReset Disc<\/td>\n5.83 %<\/td>\n6.08 %<\/td>\n108,227<\/td>\n13.50<\/td>\n31<\/td>\n0.3542 %<\/td>\n3,129.7<\/td>\n<\/tr>\n
Insurance Straight<\/td>\n5.52 %<\/td>\n5.52 %<\/td>\n60,110<\/td>\n14.56<\/td>\n21<\/td>\n-0.4341 %<\/td>\n3,289.0<\/td>\n<\/tr>\n
FloatingReset<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.3542 %<\/td>\n3,723.1<\/td>\n<\/tr>\n
FixedReset Prem<\/td>\n5.90 %<\/td>\n4.64 %<\/td>\n99,911<\/td>\n2.24<\/td>\n20<\/td>\n-0.0844 %<\/td>\n2,657.7<\/td>\n<\/tr>\n
FixedReset Bank Non<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.3542 %<\/td>\n3,199.2<\/td>\n<\/tr>\n
FixedReset Ins Non<\/td>\n5.31 %<\/td>\n5.54 %<\/td>\n83,988<\/td>\n14.36<\/td>\n13<\/td>\n-1.0778 %<\/td>\n3,088.9<\/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
GWO.PR.N<\/td>\nFixedReset Ins Non<\/td>\n-15.30 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-12-12
\nMaturity Price : 15.50
\nEvaluated at bid price : 15.50
\nBid-YTW : 6.98 %<\/td>\n<\/tr>\n
GWO.PR.Y<\/td>\nInsurance Straight<\/td>\n-6.81 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-12-12
\nMaturity Price : 18.60
\nEvaluated at bid price : 18.60
\nBid-YTW : 6.07 %<\/td>\n<\/tr>\n
SLF.PR.C<\/td>\nInsurance Straight<\/td>\n-3.17 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-12-12
\nMaturity Price : 21.06
\nEvaluated at bid price : 21.06
\nBid-YTW : 5.30 %<\/td>\n<\/tr>\n
GWO.PR.I<\/td>\nInsurance Straight<\/td>\n-1.91 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-12-12
\nMaturity Price : 20.50
\nEvaluated at bid price : 20.50
\nBid-YTW : 5.51 %<\/td>\n<\/tr>\n
TD.PF.I<\/td>\nFixedReset Prem<\/td>\n-1.91 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2027-10-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 26.25
\nBid-YTW : 3.96 %<\/td>\n<\/tr>\n
MFC.PR.N<\/td>\nFixedReset Ins Non<\/td>\n-1.54 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-12-12
\nMaturity Price : 22.93
\nEvaluated at bid price : 24.24
\nBid-YTW : 5.40 %<\/td>\n<\/tr>\n
GWO.PR.S<\/td>\nInsurance Straight<\/td>\n-1.35 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-12-12
\nMaturity Price : 23.07
\nEvaluated at bid price : 23.33
\nBid-YTW : 5.63 %<\/td>\n<\/tr>\n
IFC.PR.C<\/td>\nFixedReset Ins Non<\/td>\n-1.22 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-12-12
\nMaturity Price : 23.72
\nEvaluated at bid price : 24.30
\nBid-YTW : 5.77 %<\/td>\n<\/tr>\n
CU.PR.F<\/td>\nPerpetual-Discount<\/td>\n1.01 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-12-12
\nMaturity Price : 20.90
\nEvaluated at bid price : 20.90
\nBid-YTW : 5.43 %<\/td>\n<\/tr>\n
PWF.PR.H<\/td>\nPerpetual-Premium<\/td>\n1.20 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2026-01-11
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.30
\nBid-YTW : -0.80 %<\/td>\n<\/tr>\n
PWF.PR.R<\/td>\nPerpetual-Discount<\/td>\n1.44 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-12-12
\nMaturity Price : 24.29
\nEvaluated at bid price : 24.60
\nBid-YTW : 5.66 %<\/td>\n<\/tr>\n
ENB.PF.C<\/td>\nFixedReset Disc<\/td>\n1.55 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-12-12
\nMaturity Price : 21.84
\nEvaluated at bid price : 22.24
\nBid-YTW : 6.34 %<\/td>\n<\/tr>\n
CU.PR.H<\/td>\nPerpetual-Discount<\/td>\n1.97 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-12-12
\nMaturity Price : 23.59
\nEvaluated at bid price : 23.86
\nBid-YTW : 5.54 %<\/td>\n<\/tr>\n
SLF.PR.G<\/td>\nFixedReset Ins Non<\/td>\n2.75 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-12-12
\nMaturity Price : 19.42
\nEvaluated at bid price : 19.42
\nBid-YTW : 5.64 %<\/td>\n<\/tr>\n
GWO.PR.H<\/td>\nInsurance Straight<\/td>\n3.99 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-12-12
\nMaturity Price : 21.91
\nEvaluated at bid price : 22.15
\nBid-YTW : 5.48 %<\/td>\n<\/tr>\n
BN.PF.G<\/td>\nFixedReset Disc<\/td>\n5.87 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-12-12
\nMaturity Price : 22.96
\nEvaluated at bid price : 24.35
\nBid-YTW : 6.01 %<\/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
BN.PF.G<\/td>\nFixedReset Disc<\/td>\n51,007<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-12-12
\nMaturity Price : 22.96
\nEvaluated at bid price : 24.35
\nBid-YTW : 6.01 %<\/td>\n<\/tr>\n
BN.PF.C<\/td>\nPerpetual-Discount<\/td>\n39,000<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-12-12
\nMaturity Price : 21.33
\nEvaluated at bid price : 21.33
\nBid-YTW : 5.81 %<\/td>\n<\/tr>\n
IFC.PR.A<\/td>\nFixedReset Ins Non<\/td>\n38,700<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-12-12
\nMaturity Price : 21.50
\nEvaluated at bid price : 21.50
\nBid-YTW : 5.63 %<\/td>\n<\/tr>\n
ENB.PF.E<\/td>\nFixedReset Disc<\/td>\n26,000<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-12-12
\nMaturity Price : 21.84
\nEvaluated at bid price : 22.25
\nBid-YTW : 6.32 %<\/td>\n<\/tr>\n
FTS.PR.M<\/td>\nFixedReset Disc<\/td>\n25,400<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-12-12
\nMaturity Price : 23.11
\nEvaluated at bid price : 24.60
\nBid-YTW : 5.55 %<\/td>\n<\/tr>\n
BN.PR.K<\/td>\nFloater<\/td>\n22,300<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-12-12
\nMaturity Price : 12.75
\nEvaluated at bid price : 12.75
\nBid-YTW : 6.24 %<\/td>\n<\/tr>\n
There were 6 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: 15.50 – 18.44
\nSpot Rate : 2.9400
\nAverage : 1.9551<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-12-12
\nMaturity Price : 15.50
\nEvaluated at bid price : 15.50
\nBid-YTW : 6.98 %<\/td>\n<\/tr>\n

GWO.PR.Y<\/td>\nInsurance Straight<\/td>\nQuote: 18.60 – 21.04
\nSpot Rate : 2.4400
\nAverage : 1.7375<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-12-12
\nMaturity Price : 18.60
\nEvaluated at bid price : 18.60
\nBid-YTW : 6.07 %<\/td>\n<\/tr>\n

BN.PF.M<\/td>\nFixedReset Prem<\/td>\nQuote: 25.75 – 26.75
\nSpot Rate : 1.0000
\nAverage : 0.5773<\/p>\n

YTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2031-01-01
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.75
\nBid-YTW : 5.05 %<\/td>\n<\/tr>\n

BN.PF.J<\/td>\nFixedReset Prem<\/td>\nQuote: 26.00 – 27.00
\nSpot Rate : 1.0000
\nAverage : 0.6158<\/p>\n

YTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2027-12-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 26.00
\nBid-YTW : 4.84 %<\/td>\n<\/tr>\n

SLF.PR.C<\/td>\nInsurance Straight<\/td>\nQuote: 21.06 – 21.86
\nSpot Rate : 0.8000
\nAverage : 0.5236<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-12-12
\nMaturity Price : 21.06
\nEvaluated at bid price : 21.06
\nBid-YTW : 5.30 %<\/td>\n<\/tr>\n

MFC.PR.C<\/td>\nInsurance Straight<\/td>\nQuote: 22.00 – 23.00
\nSpot Rate : 1.0000
\nAverage : 0.7519<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-12-12
\nMaturity Price : 21.75
\nEvaluated at bid price : 22.00
\nBid-YTW : 5.12 %<\/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-51229","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/51229","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=51229"}],"version-history":[{"count":1,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/51229\/revisions"}],"predecessor-version":[{"id":51230,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/51229\/revisions\/51230"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=51229"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=51229"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=51229"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}