{"id":51311,"date":"2026-01-02T21:36:20","date_gmt":"2026-01-03T02:36:20","guid":{"rendered":"https:\/\/prefblog.com\/?p=51311"},"modified":"2026-01-02T21:36:20","modified_gmt":"2026-01-03T02:36:20","slug":"january-2-2026","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=51311","title":{"rendered":"January 2, 2026"},"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-0.3041 %<\/td>\n2,425.8<\/td>\n<\/tr>\n
FixedFloater<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.3041 %<\/td>\n4,599.7<\/td>\n<\/tr>\n
Floater<\/td>\n5.94 %<\/td>\n6.14 %<\/td>\n56,203<\/td>\n13.73<\/td>\n3<\/td>\n-0.3041 %<\/td>\n2,650.8<\/td>\n<\/tr>\n
OpRet<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.3616 %<\/td>\n3,684.6<\/td>\n<\/tr>\n
SplitShare<\/td>\n4.74 %<\/td>\n3.99 %<\/td>\n64,667<\/td>\n1.12<\/td>\n5<\/td>\n0.3616 %<\/td>\n4,400.2<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.3616 %<\/td>\n3,433.2<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.64 %<\/td>\n0.45 %<\/td>\n92,143<\/td>\n0.09<\/td>\n7<\/td>\n-0.0169 %<\/td>\n3,113.1<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n5.53 %<\/td>\n5.62 %<\/td>\n52,229<\/td>\n14.39<\/td>\n26<\/td>\n0.4976 %<\/td>\n3,417.6<\/td>\n<\/tr>\n
FixedReset Disc<\/td>\n5.87 %<\/td>\n5.96 %<\/td>\n99,186<\/td>\n13.69<\/td>\n29<\/td>\n-0.0617 %<\/td>\n3,162.4<\/td>\n<\/tr>\n
Insurance Straight<\/td>\n5.46 %<\/td>\n5.51 %<\/td>\n58,581<\/td>\n14.63<\/td>\n21<\/td>\n1.0065 %<\/td>\n3,327.9<\/td>\n<\/tr>\n
FloatingReset<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.0617 %<\/td>\n3,762.0<\/td>\n<\/tr>\n
FixedReset Prem<\/td>\n5.93 %<\/td>\n4.42 %<\/td>\n89,491<\/td>\n2.19<\/td>\n19<\/td>\n0.1880 %<\/td>\n2,665.5<\/td>\n<\/tr>\n
FixedReset Bank Non<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.0617 %<\/td>\n3,232.6<\/td>\n<\/tr>\n
FixedReset Ins Non<\/td>\n5.46 %<\/td>\n5.28 %<\/td>\n75,713<\/td>\n14.32<\/td>\n13<\/td>\n0.2391 %<\/td>\n3,116.2<\/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
Performance Highlights<\/strong><\/td>\n<\/tr>\n
Issue<\/td>\nIndex<\/td>\nChange<\/td>\nNotes<\/td>\n<\/tr>\n
BN.PR.T<\/td>\nFixedReset Disc<\/td>\n-4.17 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-01-02
\nMaturity Price : 20.20
\nEvaluated at bid price : 20.20
\nBid-YTW : 6.39 %<\/td>\n<\/tr>\n
CU.PR.J<\/td>\nPerpetual-Discount<\/td>\n-3.40 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-01-02
\nMaturity Price : 21.00
\nEvaluated at bid price : 21.00
\nBid-YTW : 5.73 %<\/td>\n<\/tr>\n
ENB.PR.B<\/td>\nFixedReset Disc<\/td>\n-2.54 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-01-02
\nMaturity Price : 21.10
\nEvaluated at bid price : 21.10
\nBid-YTW : 6.39 %<\/td>\n<\/tr>\n
CU.PR.F<\/td>\nPerpetual-Discount<\/td>\n-2.26 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-01-02
\nMaturity Price : 20.77
\nEvaluated at bid price : 20.77
\nBid-YTW : 5.49 %<\/td>\n<\/tr>\n
PWF.PR.R<\/td>\nPerpetual-Discount<\/td>\n-1.74 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-01-02
\nMaturity Price : 24.00
\nEvaluated at bid price : 24.25
\nBid-YTW : 5.77 %<\/td>\n<\/tr>\n
IFC.PR.E<\/td>\nInsurance Straight<\/td>\n-1.43 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-01-02
\nMaturity Price : 23.17
\nEvaluated at bid price : 23.47
\nBid-YTW : 5.56 %<\/td>\n<\/tr>\n
FTS.PR.M<\/td>\nFixedReset Disc<\/td>\n-1.29 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-01-02
\nMaturity Price : 23.04
\nEvaluated at bid price : 24.42
\nBid-YTW : 5.56 %<\/td>\n<\/tr>\n
MFC.PR.J<\/td>\nFixedReset Ins Non<\/td>\n-1.26 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-01-02
\nMaturity Price : 23.53
\nEvaluated at bid price : 24.99
\nBid-YTW : 5.61 %<\/td>\n<\/tr>\n
FTS.PR.J<\/td>\nPerpetual-Discount<\/td>\n-1.10 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-01-02
\nMaturity Price : 22.28
\nEvaluated at bid price : 22.55
\nBid-YTW : 5.32 %<\/td>\n<\/tr>\n
PVS.PR.H<\/td>\nSplitShare<\/td>\n1.08 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2026-02-28
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.27
\nBid-YTW : -0.08 %<\/td>\n<\/tr>\n
GWO.PR.M<\/td>\nInsurance Straight<\/td>\n1.17 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2026-02-01
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.02
\nBid-YTW : 5.27 %<\/td>\n<\/tr>\n
BN.PF.D<\/td>\nPerpetual-Discount<\/td>\n1.24 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-01-02
\nMaturity Price : 21.28
\nEvaluated at bid price : 21.28
\nBid-YTW : 5.80 %<\/td>\n<\/tr>\n
GWO.PR.P<\/td>\nInsurance Straight<\/td>\n1.66 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-01-02
\nMaturity Price : 24.21
\nEvaluated at bid price : 24.50
\nBid-YTW : 5.54 %<\/td>\n<\/tr>\n
TD.PF.I<\/td>\nFixedReset Prem<\/td>\n2.10 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2027-10-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 26.68
\nBid-YTW : 3.13 %<\/td>\n<\/tr>\n
ENB.PR.F<\/td>\nFixedReset Disc<\/td>\n2.40 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-01-02
\nMaturity Price : 21.30
\nEvaluated at bid price : 21.30
\nBid-YTW : 6.50 %<\/td>\n<\/tr>\n
PWF.PR.P<\/td>\nFixedReset Disc<\/td>\n3.43 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-01-02
\nMaturity Price : 20.19
\nEvaluated at bid price : 20.19
\nBid-YTW : 5.66 %<\/td>\n<\/tr>\n
MFC.PR.L<\/td>\nFixedReset Ins Non<\/td>\n3.90 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-01-02
\nMaturity Price : 23.24
\nEvaluated at bid price : 24.80
\nBid-YTW : 5.24 %<\/td>\n<\/tr>\n
IFC.PR.I<\/td>\nInsurance Straight<\/td>\n8.48 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-01-02
\nMaturity Price : 24.01
\nEvaluated at bid price : 24.30
\nBid-YTW : 5.58 %<\/td>\n<\/tr>\n
IFC.PR.F<\/td>\nInsurance Straight<\/td>\n10.05 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-01-02
\nMaturity Price : 23.82
\nEvaluated at bid price : 24.10
\nBid-YTW : 5.52 %<\/td>\n<\/tr>\n
CU.PR.G<\/td>\nPerpetual-Discount<\/td>\n25.45 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-01-02
\nMaturity Price : 20.70
\nEvaluated at bid price : 20.70
\nBid-YTW : 5.51 %<\/td>\n<\/tr>\n<\/table>\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
POW.PR.A<\/td>\nPerpetual-Discount<\/td>\n19,100<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2026-02-01
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.31
\nBid-YTW : -11.49 %<\/td>\n<\/tr>\n
GWO.PR.P<\/td>\nInsurance Straight<\/td>\n15,000<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-01-02
\nMaturity Price : 24.21
\nEvaluated at bid price : 24.50
\nBid-YTW : 5.54 %<\/td>\n<\/tr>\n
PWF.PF.A<\/td>\nPerpetual-Discount<\/td>\n14,000<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-01-02
\nMaturity Price : 20.57
\nEvaluated at bid price : 20.57
\nBid-YTW : 5.57 %<\/td>\n<\/tr>\n
POW.PR.G<\/td>\nPerpetual-Discount<\/td>\n13,200<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2026-02-01
\nMaturity Price : 25.00
\nEvaluated at bid price : 24.98
\nBid-YTW : 4.19 %<\/td>\n<\/tr>\n
GWO.PR.Z<\/td>\nInsurance Straight<\/td>\n11,400<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2034-09-30
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.31
\nBid-YTW : 5.56 %<\/td>\n<\/tr>\n
There were 0 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
CU.PR.J<\/td>\nPerpetual-Discount<\/td>\nQuote: 21.00 – 23.00
\nSpot Rate : 2.0000
\nAverage : 1.6564<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-01-02
\nMaturity Price : 21.00
\nEvaluated at bid price : 21.00
\nBid-YTW : 5.73 %<\/td>\n<\/tr>\n

POW.PR.H<\/td>\nPerpetual-Premium<\/td>\nQuote: 25.27 – 26.27
\nSpot Rate : 1.0000
\nAverage : 0.6782<\/p>\n

YTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2034-10-15
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.27
\nBid-YTW : 5.61 %<\/td>\n<\/tr>\n

MFC.PR.J<\/td>\nFixedReset Ins Non<\/td>\nQuote: 24.99 – 25.75
\nSpot Rate : 0.7600
\nAverage : 0.4754<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-01-02
\nMaturity Price : 23.53
\nEvaluated at bid price : 24.99
\nBid-YTW : 5.61 %<\/td>\n<\/tr>\n

IFC.PR.E<\/td>\nInsurance Straight<\/td>\nQuote: 23.47 – 24.40
\nSpot Rate : 0.9300
\nAverage : 0.6598<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-01-02
\nMaturity Price : 23.17
\nEvaluated at bid price : 23.47
\nBid-YTW : 5.56 %<\/td>\n<\/tr>\n

BN.PF.J<\/td>\nFixedReset Prem<\/td>\nQuote: 26.01 – 27.01
\nSpot Rate : 1.0000
\nAverage : 0.7368<\/p>\n

YTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2027-12-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 26.01
\nBid-YTW : 4.15 %<\/td>\n<\/tr>\n

PWF.PR.R<\/td>\nPerpetual-Discount<\/td>\nQuote: 24.25 – 24.95
\nSpot Rate : 0.7000
\nAverage : 0.4956<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-01-02
\nMaturity Price : 24.00
\nEvaluated at bid price : 24.25
\nBid-YTW : 5.77 %<\/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-51311","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/51311","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=51311"}],"version-history":[{"count":1,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/51311\/revisions"}],"predecessor-version":[{"id":51312,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/51311\/revisions\/51312"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=51311"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=51311"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=51311"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}