{"id":51305,"date":"2025-12-29T20:56:55","date_gmt":"2025-12-30T01:56:55","guid":{"rendered":"https:\/\/prefblog.com\/?p=51305"},"modified":"2025-12-29T20:56:55","modified_gmt":"2025-12-30T01:56:55","slug":"december-29-2025","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=51305","title":{"rendered":"December 29, 2025"},"content":{"rendered":"<p>The TXPR price index set a new 52-week high today of 695.07 (which was also the close), eclipsing the previous mark of 694.48 set December 24.<\/p>\n<table border='1'>\n<tr>\n<td colspan='8'><strong>HIMIPref&trade; Preferred Indices<br \/>These values reflect the December 2008 revision of the HIMIPref&trade; Indices<\/strong><br \/>Values are provisional and are finalized monthly<\/td>\n<\/tr>\n<tr>\n<td>Index<\/td>\n<td>Mean<br \/>Current<br \/>Yield<br \/>(at bid)<\/td>\n<td>Median<br \/>YTW<\/td>\n<td>Median<br \/>Average<br \/>Trading<br \/>Value<\/td>\n<td>Median<br \/>Mod Dur<br \/>(YTW)<\/td>\n<td>Issues<\/td>\n<td>Day&#8217;s Perf.<\/td>\n<td>Index Value<\/td>\n<\/tr>\n<tr>\n<td>Ratchet<\/td>\n<td>0.00 %<\/td>\n<td>0.00 %<\/td>\n<td>0<\/td>\n<td>0.00<\/td>\n<td>0<\/td>\n<td>0.3289 %<\/td>\n<td>2,444.9<\/td>\n<\/tr>\n<tr>\n<td>FixedFloater<\/td>\n<td>0.00 %<\/td>\n<td>0.00 %<\/td>\n<td>0<\/td>\n<td>0.00<\/td>\n<td>0<\/td>\n<td>0.3289 %<\/td>\n<td>4,635.9<\/td>\n<\/tr>\n<tr>\n<td>Floater<\/td>\n<td>5.89 %<\/td>\n<td>6.11 %<\/td>\n<td>57,382<\/td>\n<td>13.79<\/td>\n<td>3<\/td>\n<td>0.3289 %<\/td>\n<td>2,671.7<\/td>\n<\/tr>\n<tr>\n<td>OpRet<\/td>\n<td>0.00 %<\/td>\n<td>0.00 %<\/td>\n<td>0<\/td>\n<td>0.00<\/td>\n<td>0<\/td>\n<td>-0.5784 %<\/td>\n<td>3,670.2<\/td>\n<\/tr>\n<tr>\n<td>SplitShare<\/td>\n<td>4.76 %<\/td>\n<td>4.18 %<\/td>\n<td>70,687<\/td>\n<td>2.05<\/td>\n<td>5<\/td>\n<td>-0.5784 %<\/td>\n<td>4,383.0<\/td>\n<\/tr>\n<tr>\n<td>Interest-Bearing<\/td>\n<td>0.00 %<\/td>\n<td>0.00 %<\/td>\n<td>0<\/td>\n<td>0.00<\/td>\n<td>0<\/td>\n<td>-0.5784 %<\/td>\n<td>3,419.8<\/td>\n<\/tr>\n<tr>\n<td>Perpetual-Premium<\/td>\n<td>5.64 %<\/td>\n<td>2.43 %<\/td>\n<td>88,485<\/td>\n<td>0.09<\/td>\n<td>7<\/td>\n<td>-0.0056 %<\/td>\n<td>3,113.6<\/td>\n<\/tr>\n<tr>\n<td>Perpetual-Discount<\/td>\n<td>5.52 %<\/td>\n<td>5.59 %<\/td>\n<td>49,937<\/td>\n<td>14.37<\/td>\n<td>26<\/td>\n<td>0.3306 %<\/td>\n<td>3,424.0<\/td>\n<\/tr>\n<tr>\n<td>FixedReset Disc<\/td>\n<td>5.77 %<\/td>\n<td>6.00 %<\/td>\n<td>101,695<\/td>\n<td>13.87<\/td>\n<td>31<\/td>\n<td>0.2136 %<\/td>\n<td>3,163.5<\/td>\n<\/tr>\n<tr>\n<td>Insurance Straight<\/td>\n<td>5.49 %<\/td>\n<td>5.48 %<\/td>\n<td>60,636<\/td>\n<td>14.62<\/td>\n<td>21<\/td>\n<td>-0.5243 %<\/td>\n<td>3,309.7<\/td>\n<\/tr>\n<tr>\n<td>FloatingReset<\/td>\n<td>0.00 %<\/td>\n<td>0.00 %<\/td>\n<td>0<\/td>\n<td>0.00<\/td>\n<td>0<\/td>\n<td>0.2136 %<\/td>\n<td>3,763.3<\/td>\n<\/tr>\n<tr>\n<td>FixedReset Prem<\/td>\n<td>5.90 %<\/td>\n<td>4.56 %<\/td>\n<td>90,765<\/td>\n<td>2.59<\/td>\n<td>20<\/td>\n<td>-0.0230 %<\/td>\n<td>2,659.0<\/td>\n<\/tr>\n<tr>\n<td>FixedReset Bank Non<\/td>\n<td>0.00 %<\/td>\n<td>0.00 %<\/td>\n<td>0<\/td>\n<td>0.00<\/td>\n<td>0<\/td>\n<td>0.2136 %<\/td>\n<td>3,233.8<\/td>\n<\/tr>\n<tr>\n<td>FixedReset Ins Non<\/td>\n<td>5.25 %<\/td>\n<td>5.34 %<\/td>\n<td>77,588<\/td>\n<td>14.30<\/td>\n<td>13<\/td>\n<td>-0.2207 %<\/td>\n<td>3,126.5<\/td>\n<\/tr>\n<\/table>\n<table border='1'>\n<tr>\n<td colspan='4'><strong>Performance Highlights<\/strong><\/td>\n<\/tr>\n<tr>\n<td>Issue<\/td>\n<td>Index<\/td>\n<td>Change<\/td>\n<td>Notes<\/td>\n<\/tr>\n<tr>\n<td>IFC.PR.F<\/td>\n<td>Insurance Straight<\/td>\n<td>-9.69 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2055-12-29<br \/>\nMaturity Price  : 21.61<br \/>\nEvaluated at bid price : 21.90<br \/>\nBid-YTW : 6.08 %<\/td>\n<\/tr>\n<tr>\n<td>MFC.PR.F<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>-6.96 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2055-12-29<br \/>\nMaturity Price  : 17.52<br \/>\nEvaluated at bid price : 17.52<br \/>\nBid-YTW : 6.15 %<\/td>\n<\/tr>\n<tr>\n<td>FFH.PR.K<\/td>\n<td>FixedReset Prem<\/td>\n<td>-3.61 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2055-12-29<br \/>\nMaturity Price  : 24.20<br \/>\nEvaluated at bid price : 24.58<br \/>\nBid-YTW : 6.46 %<\/td>\n<\/tr>\n<tr>\n<td>PVS.PR.M<\/td>\n<td>SplitShare<\/td>\n<td>-2.29 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Hard Maturity<br \/>\nMaturity Date\t: 2031-03-31<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 25.16<br \/>\nBid-YTW : 5.11 %<\/td>\n<\/tr>\n<tr>\n<td>BN.PF.M<\/td>\n<td>FixedReset Prem<\/td>\n<td>1.08 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Call<br \/>\nMaturity Date\t: 2031-01-01<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 26.13<br \/>\nBid-YTW : 4.77 %<\/td>\n<\/tr>\n<tr>\n<td>CU.PR.F<\/td>\n<td>Perpetual-Discount<\/td>\n<td>1.11 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2055-12-29<br \/>\nMaturity Price  : 21.02<br \/>\nEvaluated at bid price : 21.02<br \/>\nBid-YTW : 5.42 %<\/td>\n<\/tr>\n<tr>\n<td>GWO.PR.T<\/td>\n<td>Insurance Straight<\/td>\n<td>1.22 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2055-12-29<br \/>\nMaturity Price  : 22.94<br \/>\nEvaluated at bid price : 23.20<br \/>\nBid-YTW : 5.57 %<\/td>\n<\/tr>\n<tr>\n<td>CU.PR.C<\/td>\n<td>FixedReset Disc<\/td>\n<td>1.23 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2055-12-29<br \/>\nMaturity Price  : 24.26<br \/>\nEvaluated at bid price : 24.60<br \/>\nBid-YTW : 5.45 %<\/td>\n<\/tr>\n<tr>\n<td>ENB.PF.G<\/td>\n<td>FixedReset Disc<\/td>\n<td>1.33 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2055-12-29<br \/>\nMaturity Price  : 22.24<br \/>\nEvaluated at bid price : 22.90<br \/>\nBid-YTW : 6.18 %<\/td>\n<\/tr>\n<tr>\n<td>CU.PR.G<\/td>\n<td>Perpetual-Discount<\/td>\n<td>1.94 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2055-12-29<br \/>\nMaturity Price  : 21.01<br \/>\nEvaluated at bid price : 21.01<br \/>\nBid-YTW : 5.42 %<\/td>\n<\/tr>\n<tr>\n<td>BN.PF.D<\/td>\n<td>Perpetual-Discount<\/td>\n<td>3.45 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2055-12-29<br \/>\nMaturity Price  : 21.34<br \/>\nEvaluated at bid price : 21.61<br \/>\nBid-YTW : 5.69 %<\/td>\n<\/tr>\n<\/table>\n<table border='1'>\n<tr>\n<td colspan='4'><strong>Volume Highlights<\/strong><\/td>\n<\/tr>\n<tr>\n<td>Issue<\/td>\n<td>Index<\/td>\n<td>Shares<br \/>Traded<\/td>\n<td>Notes<\/td>\n<\/tr>\n<tr>\n<td>FFH.PR.I<\/td>\n<td>FixedReset Disc<\/td>\n<td>48,500<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2055-12-29<br \/>\nMaturity Price  : 23.91<br \/>\nEvaluated at bid price : 24.98<br \/>\nBid-YTW : 5.77 %<\/td>\n<\/tr>\n<tr>\n<td>BN.PF.H<\/td>\n<td>FixedReset Prem<\/td>\n<td>13,602<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2055-12-29<br \/>\nMaturity Price  : 23.91<br \/>\nEvaluated at bid price : 24.98<br \/>\nBid-YTW : 7.12 %<\/td>\n<\/tr>\n<tr>\n<td>BN.PR.Z<\/td>\n<td>FixedReset Disc<\/td>\n<td>13,500<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2055-12-29<br \/>\nMaturity Price  : 23.63<br \/>\nEvaluated at bid price : 25.12<br \/>\nBid-YTW : 5.86 %<\/td>\n<\/tr>\n<tr>\n<td>PWF.PF.A<\/td>\n<td>Perpetual-Discount<\/td>\n<td>12,925<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2055-12-29<br \/>\nMaturity Price  : 20.52<br \/>\nEvaluated at bid price : 20.52<br \/>\nBid-YTW : 5.58 %<\/td>\n<\/tr>\n<tr>\n<td>CM.PR.S<\/td>\n<td>FixedReset Prem<\/td>\n<td>12,099<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Call<br \/>\nMaturity Date\t: 2028-01-31<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 25.91<br \/>\nBid-YTW : 3.82 %<\/td>\n<\/tr>\n<tr>\n<td>CU.PR.K<\/td>\n<td>Perpetual-Discount<\/td>\n<td>11,400<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Call<br \/>\nMaturity Date\t: 2035-03-01<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 25.24<br \/>\nBid-YTW : 5.57 %<\/td>\n<\/tr>\n<tr>\n<td colspan='4'>There were 2 other index-included issues trading in excess of 10,000 shares.<\/td>\n<\/tr>\n<\/table>\n<table border='1'>\n<tr>\n<td colspan='3'><strong>Wide Spread Highlights<\/strong><\/td>\n<\/tr>\n<tr>\n<td colspan='3'>See <a href='https:\/\/prefblog.com\/?p=13456'>TMX DataLinx: &#8216;Last&#8217; != &#8216;Close&#8217;<\/a> and the posts linked therein for an idea of why these quotes are so horrible.<\/td>\n<\/tr>\n<tr>\n<td>Issue<\/td>\n<td>Index<\/td>\n<td>Quote Data and Yield Notes<\/td>\n<\/tr>\n<tr>\n<td>IFC.PR.F<\/td>\n<td>Insurance Straight<\/td>\n<td>Quote: 21.90 &#8211; 24.80<br \/>\nSpot Rate  :  2.9000<br \/>\nAverage  :  1.7337<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2055-12-29<br \/>\nMaturity Price  : 21.61<br \/>\nEvaluated at bid price : 21.90<br \/>\nBid-YTW : 6.08 %<\/td>\n<\/tr>\n<tr>\n<td>MFC.PR.F<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>Quote: 17.52 &#8211; 19.14<br \/>\nSpot Rate  :  1.6200<br \/>\nAverage  :  0.9310<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2055-12-29<br \/>\nMaturity Price  : 17.52<br \/>\nEvaluated at bid price : 17.52<br \/>\nBid-YTW : 6.15 %<\/td>\n<\/tr>\n<tr>\n<td>FFH.PR.K<\/td>\n<td>FixedReset Prem<\/td>\n<td>Quote: 24.58 &#8211; 25.60<br \/>\nSpot Rate  :  1.0200<br \/>\nAverage  :  0.5734<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2055-12-29<br \/>\nMaturity Price  : 24.20<br \/>\nEvaluated at bid price : 24.58<br \/>\nBid-YTW : 6.46 %<\/td>\n<\/tr>\n<tr>\n<td>IFC.PR.I<\/td>\n<td>Insurance Straight<\/td>\n<td>Quote: 22.40 &#8211; 25.99<br \/>\nSpot Rate  :  3.5900<br \/>\nAverage  :  3.1823<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2055-12-29<br \/>\nMaturity Price  : 22.02<br \/>\nEvaluated at bid price : 22.40<br \/>\nBid-YTW : 6.05 %<\/td>\n<\/tr>\n<tr>\n<td>PVS.PR.M<\/td>\n<td>SplitShare<\/td>\n<td>Quote: 25.16 &#8211; 25.87<br \/>\nSpot Rate  :  0.7100<br \/>\nAverage  :  0.4735<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Hard Maturity<br \/>\nMaturity Date\t: 2031-03-31<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 25.16<br \/>\nBid-YTW : 5.11 %<\/td>\n<\/tr>\n<tr>\n<td>BN.PR.Z<\/td>\n<td>FixedReset Disc<\/td>\n<td>Quote: 25.12 &#8211; 25.75<br \/>\nSpot Rate  :  0.6300<br \/>\nAverage  :  0.3990<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2055-12-29<br \/>\nMaturity Price  : 23.63<br \/>\nEvaluated at bid price : 25.12<br \/>\nBid-YTW : 5.86 %<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>The TXPR price index set a new 52-week high today of 695.07 (which was also the close), eclipsing the previous mark of 694.48 set December 24. HIMIPref&trade; Preferred IndicesThese values reflect the December 2008 revision &hellip;<\/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-51305","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/51305","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=51305"}],"version-history":[{"count":1,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/51305\/revisions"}],"predecessor-version":[{"id":51306,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/51305\/revisions\/51306"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=51305"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=51305"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=51305"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}