{"id":51244,"date":"2025-12-18T22:06:55","date_gmt":"2025-12-19T03:06:55","guid":{"rendered":"https:\/\/prefblog.com\/?p=51244"},"modified":"2025-12-18T22:06:55","modified_gmt":"2025-12-19T03:06:55","slug":"december-18-2025","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=51244","title":{"rendered":"December 18, 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>\n0.1528 %<\/td>\n2,424.6<\/td>\n<\/tr>\n
FixedFloater<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.1528 %<\/td>\n4,597.4<\/td>\n<\/tr>\n
Floater<\/td>\n5.94 %<\/td>\n6.14 %<\/td>\n63,109<\/td>\n13.76<\/td>\n3<\/td>\n0.1528 %<\/td>\n2,649.5<\/td>\n<\/tr>\n
OpRet<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.1336 %<\/td>\n3,667.6<\/td>\n<\/tr>\n
SplitShare<\/td>\n4.76 %<\/td>\n4.33 %<\/td>\n74,474<\/td>\n3.18<\/td>\n5<\/td>\n-0.1336 %<\/td>\n4,379.9<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.1336 %<\/td>\n3,417.4<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.64 %<\/td>\n-2.06 %<\/td>\n86,322<\/td>\n0.09<\/td>\n7<\/td>\n0.3550 %<\/td>\n3,114.5<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n5.59 %<\/td>\n5.65 %<\/td>\n52,957<\/td>\n14.37<\/td>\n26<\/td>\n-0.1663 %<\/td>\n3,385.4<\/td>\n<\/tr>\n
FixedReset Disc<\/td>\n5.83 %<\/td>\n6.01 %<\/td>\n107,486<\/td>\n13.64<\/td>\n31<\/td>\n0.1320 %<\/td>\n3,130.2<\/td>\n<\/tr>\n
Insurance Straight<\/td>\n5.53 %<\/td>\n5.50 %<\/td>\n57,892<\/td>\n14.66<\/td>\n21<\/td>\n-1.2070 %<\/td>\n3,284.2<\/td>\n<\/tr>\n
FloatingReset<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.1320 %<\/td>\n3,723.8<\/td>\n<\/tr>\n
FixedReset Prem<\/td>\n5.91 %<\/td>\n4.48 %<\/td>\n98,462<\/td>\n2.62<\/td>\n20<\/td>\n-0.0058 %<\/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>\n0.1320 %<\/td>\n3,199.7<\/td>\n<\/tr>\n
FixedReset Ins Non<\/td>\n5.28 %<\/td>\n5.56 %<\/td>\n83,365<\/td>\n14.33<\/td>\n13<\/td>\n-0.0266 %<\/td>\n3,106.6<\/td>\n<\/tr>\n<\/table>\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.T<\/td>\nInsurance Straight<\/td>\n-9.33 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-12-18
\nMaturity Price : 20.80
\nEvaluated at bid price : 20.80
\nBid-YTW : 6.22 %<\/td>\n<\/tr>\n
IFC.PR.I<\/td>\nInsurance Straight<\/td>\n-9.16 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-12-18
\nMaturity Price : 22.02
\nEvaluated at bid price : 22.40
\nBid-YTW : 6.04 %<\/td>\n<\/tr>\n
POW.PR.A<\/td>\nPerpetual-Discount<\/td>\n-4.78 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-12-18
\nMaturity Price : 23.63
\nEvaluated at bid price : 23.90
\nBid-YTW : 5.96 %<\/td>\n<\/tr>\n
SLF.PR.C<\/td>\nInsurance Straight<\/td>\n-4.37 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-12-18
\nMaturity Price : 20.77
\nEvaluated at bid price : 20.77
\nBid-YTW : 5.38 %<\/td>\n<\/tr>\n
MFC.PR.L<\/td>\nFixedReset Ins Non<\/td>\n-3.14 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-12-18
\nMaturity Price : 22.81
\nEvaluated at bid price : 23.79
\nBid-YTW : 5.55 %<\/td>\n<\/tr>\n
SLF.PR.E<\/td>\nInsurance Straight<\/td>\n-2.49 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-12-18
\nMaturity Price : 21.11
\nEvaluated at bid price : 21.11
\nBid-YTW : 5.35 %<\/td>\n<\/tr>\n
BIP.PR.E<\/td>\nFixedReset Prem<\/td>\n-1.17 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-12-18
\nMaturity Price : 23.62
\nEvaluated at bid price : 25.30
\nBid-YTW : 5.98 %<\/td>\n<\/tr>\n
MFC.PR.B<\/td>\nInsurance Straight<\/td>\n1.04 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-12-18
\nMaturity Price : 22.07
\nEvaluated at bid price : 22.30
\nBid-YTW : 5.23 %<\/td>\n<\/tr>\n
SLF.PR.G<\/td>\nFixedReset Ins Non<\/td>\n1.05 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-12-18
\nMaturity Price : 19.20
\nEvaluated at bid price : 19.20
\nBid-YTW : 5.71 %<\/td>\n<\/tr>\n
IFC.PR.C<\/td>\nFixedReset Ins Non<\/td>\n1.07 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-12-18
\nMaturity Price : 23.97
\nEvaluated at bid price : 24.51
\nBid-YTW : 5.67 %<\/td>\n<\/tr>\n
CIU.PR.A<\/td>\nPerpetual-Discount<\/td>\n1.15 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-12-18
\nMaturity Price : 21.07
\nEvaluated at bid price : 21.07
\nBid-YTW : 5.51 %<\/td>\n<\/tr>\n
BIP.PR.F<\/td>\nFixedReset Disc<\/td>\n1.20 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2029-01-01
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.40
\nBid-YTW : 5.82 %<\/td>\n<\/tr>\n
POW.PR.H<\/td>\nPerpetual-Premium<\/td>\n1.66 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2034-10-15
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.65
\nBid-YTW : 5.61 %<\/td>\n<\/tr>\n
CU.PR.C<\/td>\nFixedReset Disc<\/td>\n2.09 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-12-18
\nMaturity Price : 24.03
\nEvaluated at bid price : 24.40
\nBid-YTW : 5.56 %<\/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.C<\/td>\nFixedReset Disc<\/td>\n59,300<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-12-18
\nMaturity Price : 21.86
\nEvaluated at bid price : 22.26
\nBid-YTW : 6.34 %<\/td>\n<\/tr>\n
ENB.PF.A<\/td>\nFixedReset Disc<\/td>\n40,300<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-12-18
\nMaturity Price : 22.13
\nEvaluated at bid price : 22.64
\nBid-YTW : 6.31 %<\/td>\n<\/tr>\n
SLF.PR.D<\/td>\nInsurance Straight<\/td>\n31,297<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-12-18
\nMaturity Price : 21.27
\nEvaluated at bid price : 21.54
\nBid-YTW : 5.17 %<\/td>\n<\/tr>\n
ENB.PR.T<\/td>\nFixedReset Disc<\/td>\n25,500<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-12-18
\nMaturity Price : 22.45
\nEvaluated at bid price : 23.11
\nBid-YTW : 6.20 %<\/td>\n<\/tr>\n
CU.PR.G<\/td>\nPerpetual-Discount<\/td>\n25,100<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-12-18
\nMaturity Price : 16.50
\nEvaluated at bid price : 16.50
\nBid-YTW : 6.90 %<\/td>\n<\/tr>\n
POW.PR.I<\/td>\nPerpetual-Premium<\/td>\n19,000<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-12-18
\nMaturity Price : 24.66
\nEvaluated at bid price : 25.06
\nBid-YTW : 5.69 %<\/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
GWO.PR.T<\/td>\nInsurance Straight<\/td>\nQuote: 20.80 – 25.00
\nSpot Rate : 4.2000
\nAverage : 2.7642<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-12-18
\nMaturity Price : 20.80
\nEvaluated at bid price : 20.80
\nBid-YTW : 6.22 %<\/td>\n<\/tr>\n

CU.PR.G<\/td>\nPerpetual-Discount<\/td>\nQuote: 16.50 – 20.95
\nSpot Rate : 4.4500
\nAverage : 3.5873<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-12-18
\nMaturity Price : 16.50
\nEvaluated at bid price : 16.50
\nBid-YTW : 6.90 %<\/td>\n<\/tr>\n

IFC.PR.I<\/td>\nInsurance Straight<\/td>\nQuote: 22.40 – 25.99
\nSpot Rate : 3.5900
\nAverage : 2.8945<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-12-18
\nMaturity Price : 22.02
\nEvaluated at bid price : 22.40
\nBid-YTW : 6.04 %<\/td>\n<\/tr>\n

POW.PR.A<\/td>\nPerpetual-Discount<\/td>\nQuote: 23.90 – 25.75
\nSpot Rate : 1.8500
\nAverage : 1.2614<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-12-18
\nMaturity Price : 23.63
\nEvaluated at bid price : 23.90
\nBid-YTW : 5.96 %<\/td>\n<\/tr>\n

SLF.PR.C<\/td>\nInsurance Straight<\/td>\nQuote: 20.77 – 21.89
\nSpot Rate : 1.1200
\nAverage : 0.6775<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2055-12-18
\nMaturity Price : 20.77
\nEvaluated at bid price : 20.77
\nBid-YTW : 5.38 %<\/td>\n<\/tr>\n

BN.PF.J<\/td>\nFixedReset Prem<\/td>\nQuote: 25.90 – 26.90
\nSpot Rate : 1.0000
\nAverage : 0.7184<\/p>\n

YTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2027-12-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.90
\nBid-YTW : 4.29 %<\/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-51244","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/51244","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=51244"}],"version-history":[{"count":1,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/51244\/revisions"}],"predecessor-version":[{"id":51245,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/51244\/revisions\/51245"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=51244"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=51244"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=51244"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}