{"id":51239,"date":"2025-12-16T20:23:57","date_gmt":"2025-12-17T01:23:57","guid":{"rendered":"https:\/\/prefblog.com\/?p=51239"},"modified":"2025-12-16T20:23:57","modified_gmt":"2025-12-17T01:23:57","slug":"december-16-2025","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=51239","title":{"rendered":"December 16, 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>\n0.0763 %<\/td>\n2,426.4<\/td>\n<\/tr>\n
FixedFloater<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.0763 %<\/td>\n4,600.9<\/td>\n<\/tr>\n
Floater<\/td>\n5.94 %<\/td>\n6.14 %<\/td>\n65,693<\/td>\n13.76<\/td>\n3<\/td>\n0.0763 %<\/td>\n2,651.5<\/td>\n<\/tr>\n
OpRet<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.0943 %<\/td>\n3,677.4<\/td>\n<\/tr>\n
SplitShare<\/td>\n4.75 %<\/td>\n3.49 %<\/td>\n70,780<\/td>\n1.17<\/td>\n5<\/td>\n0.0943 %<\/td>\n4,391.6<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.0943 %<\/td>\n3,426.5<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.65 %<\/td>\n-0.04 %<\/td>\n86,964<\/td>\n0.09<\/td>\n7<\/td>\n-0.0899 %<\/td>\n3,109.2<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n5.55 %<\/td>\n5.64 %<\/td>\n54,729<\/td>\n14.39<\/td>\n26<\/td>\n-0.2946 %<\/td>\n3,409.5<\/td>\n<\/tr>\n
FixedReset Disc<\/td>\n5.83 %<\/td>\n6.07 %<\/td>\n102,590<\/td>\n13.64<\/td>\n31<\/td>\n0.2374 %<\/td>\n3,128.2<\/td>\n<\/tr>\n
Insurance Straight<\/td>\n5.52 %<\/td>\n5.53 %<\/td>\n58,675<\/td>\n14.52<\/td>\n21<\/td>\n-0.2694 %<\/td>\n3,292.3<\/td>\n<\/tr>\n
FloatingReset<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.2374 %<\/td>\n3,721.3<\/td>\n<\/tr>\n
FixedReset Prem<\/td>\n5.90 %<\/td>\n4.50 %<\/td>\n100,960<\/td>\n2.23<\/td>\n20<\/td>\n-0.0249 %<\/td>\n2,658.7<\/td>\n<\/tr>\n
FixedReset Bank Non<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.2374 %<\/td>\n3,197.6<\/td>\n<\/tr>\n
FixedReset Ins Non<\/td>\n5.27 %<\/td>\n5.55 %<\/td>\n82,374<\/td>\n14.33<\/td>\n13<\/td>\n-0.2218 %<\/td>\n3,112.0<\/td>\n<\/tr>\n<\/table>\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.M<\/td>\nInsurance Straight<\/td>\n-3.29 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2026-01-15
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.00
\nBid-YTW : 2.92 %<\/td>\n<\/tr>\n
MFC.PR.L<\/td>\nFixedReset Ins Non<\/td>\n-2.84 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-12-16
\nMaturity Price : 22.88
\nEvaluated at bid price : 23.95
\nBid-YTW : 5.51 %<\/td>\n<\/tr>\n
BN.PR.N<\/td>\nPerpetual-Discount<\/td>\n-2.16 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-12-16
\nMaturity Price : 20.34
\nEvaluated at bid price : 20.34
\nBid-YTW : 5.87 %<\/td>\n<\/tr>\n
CU.PR.J<\/td>\nPerpetual-Discount<\/td>\n-2.09 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-12-16
\nMaturity Price : 21.10
\nEvaluated at bid price : 21.10
\nBid-YTW : 5.68 %<\/td>\n<\/tr>\n
GWO.PR.G<\/td>\nInsurance Straight<\/td>\n-1.83 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-12-16
\nMaturity Price : 22.73
\nEvaluated at bid price : 23.02
\nBid-YTW : 5.66 %<\/td>\n<\/tr>\n
GWO.PR.I<\/td>\nInsurance Straight<\/td>\n-1.28 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-12-16
\nMaturity Price : 20.83
\nEvaluated at bid price : 20.83
\nBid-YTW : 5.42 %<\/td>\n<\/tr>\n
ENB.PF.G<\/td>\nFixedReset Disc<\/td>\n1.03 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-12-16
\nMaturity Price : 21.98
\nEvaluated at bid price : 22.48
\nBid-YTW : 6.35 %<\/td>\n<\/tr>\n
BN.PF.J<\/td>\nFixedReset Prem<\/td>\n1.16 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2027-12-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 26.20
\nBid-YTW : 3.67 %<\/td>\n<\/tr>\n
ENB.PR.D<\/td>\nFixedReset Disc<\/td>\n1.19 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-12-16
\nMaturity Price : 21.30
\nEvaluated at bid price : 21.30
\nBid-YTW : 6.39 %<\/td>\n<\/tr>\n
ENB.PF.C<\/td>\nFixedReset Disc<\/td>\n1.37 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-12-16
\nMaturity Price : 21.82
\nEvaluated at bid price : 22.20
\nBid-YTW : 6.36 %<\/td>\n<\/tr>\n
MFC.PR.C<\/td>\nInsurance Straight<\/td>\n2.30 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-12-16
\nMaturity Price : 22.01
\nEvaluated at bid price : 22.24
\nBid-YTW : 5.07 %<\/td>\n<\/tr>\n
BN.PF.E<\/td>\nFixedReset Disc<\/td>\n3.07 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-12-16
\nMaturity Price : 22.41
\nEvaluated at bid price : 23.16
\nBid-YTW : 5.88 %<\/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
ENB.PF.E<\/td>\nFixedReset Disc<\/td>\n76,400<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-12-16
\nMaturity Price : 21.90
\nEvaluated at bid price : 22.35
\nBid-YTW : 6.30 %<\/td>\n<\/tr>\n
POW.PR.C<\/td>\nPerpetual-Premium<\/td>\n57,450<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2026-01-15
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.80
\nBid-YTW : -19.66 %<\/td>\n<\/tr>\n
FFH.PR.I<\/td>\nFixedReset Disc<\/td>\n46,700<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2026-01-30
\nMaturity Price : 25.00
\nEvaluated at bid price : 24.97
\nBid-YTW : 4.93 %<\/td>\n<\/tr>\n
ENB.PF.G<\/td>\nFixedReset Disc<\/td>\n37,400<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-12-16
\nMaturity Price : 21.98
\nEvaluated at bid price : 22.48
\nBid-YTW : 6.35 %<\/td>\n<\/tr>\n
IFC.PR.F<\/td>\nInsurance Straight<\/td>\n37,200<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-12-16
\nMaturity Price : 24.22
\nEvaluated at bid price : 24.47
\nBid-YTW : 5.52 %<\/td>\n<\/tr>\n
MFC.PR.B<\/td>\nInsurance Straight<\/td>\n35,900<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-12-16
\nMaturity Price : 21.88
\nEvaluated at bid price : 22.12
\nBid-YTW : 5.27 %<\/td>\n<\/tr>\n
There were 11 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
IFC.PR.I<\/td>\nInsurance Straight<\/td>\nQuote: 22.40 – 25.99
\nSpot Rate : 3.5900
\nAverage : 3.0333<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-12-16
\nMaturity Price : 22.02
\nEvaluated at bid price : 22.40
\nBid-YTW : 6.14 %<\/td>\n<\/tr>\n

GWO.PR.M<\/td>\nInsurance Straight<\/td>\nQuote: 25.00 – 25.90
\nSpot Rate : 0.9000
\nAverage : 0.5260<\/p>\n

YTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2026-01-15
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.00
\nBid-YTW : 2.92 %<\/td>\n<\/tr>\n

ENB.PR.B<\/td>\nFixedReset Disc<\/td>\nQuote: 21.00 – 21.95
\nSpot Rate : 0.9500
\nAverage : 0.6070<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-12-16
\nMaturity Price : 21.00
\nEvaluated at bid price : 21.00
\nBid-YTW : 6.49 %<\/td>\n<\/tr>\n

MFC.PR.L<\/td>\nFixedReset Ins Non<\/td>\nQuote: 23.95 – 24.95
\nSpot Rate : 1.0000
\nAverage : 0.6860<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-12-16
\nMaturity Price : 22.88
\nEvaluated at bid price : 23.95
\nBid-YTW : 5.51 %<\/td>\n<\/tr>\n

GWO.PR.Z<\/td>\nInsurance Straight<\/td>\nQuote: 25.30 – 26.30
\nSpot Rate : 1.0000
\nAverage : 0.7485<\/p>\n

YTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2034-09-30
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.30
\nBid-YTW : 5.53 %<\/td>\n<\/tr>\n

BN.PR.Z<\/td>\nFixedReset Disc<\/td>\nQuote: 25.00 – 25.75
\nSpot Rate : 0.7500
\nAverage : 0.5139<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-12-16
\nMaturity Price : 23.58
\nEvaluated at bid price : 25.00
\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-51239","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/51239","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=51239"}],"version-history":[{"count":1,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/51239\/revisions"}],"predecessor-version":[{"id":51240,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/51239\/revisions\/51240"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=51239"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=51239"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=51239"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}