{"id":51403,"date":"2026-01-16T20:39:11","date_gmt":"2026-01-17T01:39:11","guid":{"rendered":"https:\/\/prefblog.com\/?p=51403"},"modified":"2026-01-16T20:39:11","modified_gmt":"2026-01-17T01:39:11","slug":"january-16-2026","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=51403","title":{"rendered":"January 16, 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-0.1512 %<\/td>\n2,443.7<\/td>\n<\/tr>\n
FixedFloater<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.1512 %<\/td>\n4,633.6<\/td>\n<\/tr>\n
Floater<\/td>\n5.90 %<\/td>\n6.14 %<\/td>\n59,703<\/td>\n13.70<\/td>\n3<\/td>\n-0.1512 %<\/td>\n2,670.4<\/td>\n<\/tr>\n
OpRet<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.2746 %<\/td>\n3,668.5<\/td>\n<\/tr>\n
SplitShare<\/td>\n4.76 %<\/td>\n4.32 %<\/td>\n76,591<\/td>\n3.10<\/td>\n5<\/td>\n-0.2746 %<\/td>\n4,380.9<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.2746 %<\/td>\n3,418.2<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.65 %<\/td>\n5.55 %<\/td>\n88,342<\/td>\n6.85<\/td>\n9<\/td>\n-0.1098 %<\/td>\n3,098.2<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n5.55 %<\/td>\n5.62 %<\/td>\n49,225<\/td>\n14.50<\/td>\n25<\/td>\n-0.7578 %<\/td>\n3,402.6<\/td>\n<\/tr>\n
FixedReset Disc<\/td>\n5.86 %<\/td>\n5.91 %<\/td>\n114,193<\/td>\n13.82<\/td>\n29<\/td>\n-0.0060 %<\/td>\n3,170.9<\/td>\n<\/tr>\n
Insurance Straight<\/td>\n5.50 %<\/td>\n5.56 %<\/td>\n60,990<\/td>\n14.53<\/td>\n22<\/td>\n-0.0894 %<\/td>\n3,306.1<\/td>\n<\/tr>\n
FloatingReset<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.0060 %<\/td>\n3,772.1<\/td>\n<\/tr>\n
FixedReset Prem<\/td>\n5.95 %<\/td>\n4.46 %<\/td>\n89,212<\/td>\n2.58<\/td>\n19<\/td>\n-0.2335 %<\/td>\n2,656.3<\/td>\n<\/tr>\n
FixedReset Bank Non<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.0060 %<\/td>\n3,241.3<\/td>\n<\/tr>\n
FixedReset Ins Non<\/td>\n5.28 %<\/td>\n5.38 %<\/td>\n78,025<\/td>\n14.46<\/td>\n14<\/td>\n-0.1624 %<\/td>\n3,129.7<\/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
PWF.PR.S<\/td>\nPerpetual-Discount<\/td>\n-9.07 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-01-16
\nMaturity Price : 20.05
\nEvaluated at bid price : 20.05
\nBid-YTW : 6.01 %<\/td>\n<\/tr>\n
ENB.PF.A<\/td>\nFixedReset Disc<\/td>\n-2.39 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-01-16
\nMaturity Price : 22.04
\nEvaluated at bid price : 22.50
\nBid-YTW : 6.31 %<\/td>\n<\/tr>\n
GWO.PR.T<\/td>\nInsurance Straight<\/td>\n-2.38 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-01-16
\nMaturity Price : 22.74
\nEvaluated at bid price : 23.00
\nBid-YTW : 5.64 %<\/td>\n<\/tr>\n
SLF.PR.G<\/td>\nFixedReset Ins Non<\/td>\n-2.37 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-01-16
\nMaturity Price : 19.40
\nEvaluated at bid price : 19.40
\nBid-YTW : 5.60 %<\/td>\n<\/tr>\n
PVS.PR.L<\/td>\nSplitShare<\/td>\n-1.45 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2030-06-30
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.90
\nBid-YTW : 4.78 %<\/td>\n<\/tr>\n
IFC.PR.G<\/td>\nFixedReset Ins Non<\/td>\n-1.38 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-01-16
\nMaturity Price : 23.52
\nEvaluated at bid price : 25.10
\nBid-YTW : 5.50 %<\/td>\n<\/tr>\n
BN.PR.X<\/td>\nFixedReset Disc<\/td>\n-1.36 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-01-16
\nMaturity Price : 19.60
\nEvaluated at bid price : 19.60
\nBid-YTW : 6.07 %<\/td>\n<\/tr>\n
PWF.PR.K<\/td>\nPerpetual-Discount<\/td>\n-1.12 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-01-16
\nMaturity Price : 21.81
\nEvaluated at bid price : 22.05
\nBid-YTW : 5.62 %<\/td>\n<\/tr>\n
FFH.PR.K<\/td>\nFixedReset Prem<\/td>\n-1.10 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2027-03-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.20
\nBid-YTW : 4.59 %<\/td>\n<\/tr>\n
MFC.PR.B<\/td>\nInsurance Straight<\/td>\n-1.05 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-01-16
\nMaturity Price : 21.42
\nEvaluated at bid price : 21.68
\nBid-YTW : 5.41 %<\/td>\n<\/tr>\n
PWF.PR.R<\/td>\nPerpetual-Discount<\/td>\n-1.02 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-01-16
\nMaturity Price : 24.05
\nEvaluated at bid price : 24.30
\nBid-YTW : 5.67 %<\/td>\n<\/tr>\n
GWO.PR.H<\/td>\nInsurance Straight<\/td>\n1.01 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-01-16
\nMaturity Price : 21.78
\nEvaluated at bid price : 22.02
\nBid-YTW : 5.55 %<\/td>\n<\/tr>\n
MFC.PR.Q<\/td>\nFixedReset Ins Non<\/td>\n1.39 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2028-06-19
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.45
\nBid-YTW : 5.38 %<\/td>\n<\/tr>\n
BN.PR.R<\/td>\nFixedReset Disc<\/td>\n1.46 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-01-16
\nMaturity Price : 21.34
\nEvaluated at bid price : 21.61
\nBid-YTW : 6.01 %<\/td>\n<\/tr>\n
GWO.PR.Y<\/td>\nInsurance Straight<\/td>\n2.80 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-01-16
\nMaturity Price : 20.59
\nEvaluated at bid price : 20.59
\nBid-YTW : 5.52 %<\/td>\n<\/tr>\n
BN.PF.E<\/td>\nFixedReset Disc<\/td>\n4.77 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-01-16
\nMaturity Price : 22.35
\nEvaluated at bid price : 23.05
\nBid-YTW : 5.87 %<\/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.M<\/td>\nFixedReset Prem<\/td>\n329,955<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2031-01-01
\nMaturity Price : 25.00
\nEvaluated at bid price : 26.27
\nBid-YTW : 4.70 %<\/td>\n<\/tr>\n
PWF.PF.A<\/td>\nPerpetual-Discount<\/td>\n293,859<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-01-16
\nMaturity Price : 20.10
\nEvaluated at bid price : 20.10
\nBid-YTW : 5.62 %<\/td>\n<\/tr>\n
CU.PR.K<\/td>\nPerpetual-Premium<\/td>\n276,747<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-01-16
\nMaturity Price : 24.75
\nEvaluated at bid price : 25.15
\nBid-YTW : 5.64 %<\/td>\n<\/tr>\n
POW.PR.I<\/td>\nPerpetual-Premium<\/td>\n268,070<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2035-01-15
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.25
\nBid-YTW : 5.67 %<\/td>\n<\/tr>\n
CU.PR.F<\/td>\nPerpetual-Discount<\/td>\n253,952<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-01-16
\nMaturity Price : 21.44
\nEvaluated at bid price : 21.44
\nBid-YTW : 5.33 %<\/td>\n<\/tr>\n
IFC.PR.M<\/td>\nPerpetual-Premium<\/td>\n219,947<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-01-16
\nMaturity Price : 24.73
\nEvaluated at bid price : 25.13
\nBid-YTW : 5.55 %<\/td>\n<\/tr>\n
There were 48 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: 23.00 – 25.00
\nSpot Rate : 2.0000
\nAverage : 1.1363<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-01-16
\nMaturity Price : 22.74
\nEvaluated at bid price : 23.00
\nBid-YTW : 5.64 %<\/td>\n<\/tr>\n

PWF.PR.S<\/td>\nPerpetual-Discount<\/td>\nQuote: 20.05 – 22.43
\nSpot Rate : 2.3800
\nAverage : 1.5848<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-01-16
\nMaturity Price : 20.05
\nEvaluated at bid price : 20.05
\nBid-YTW : 6.01 %<\/td>\n<\/tr>\n

BN.PR.T<\/td>\nFixedReset Disc<\/td>\nQuote: 21.40 – 22.75
\nSpot Rate : 1.3500
\nAverage : 0.7697<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-01-16
\nMaturity Price : 21.40
\nEvaluated at bid price : 21.40
\nBid-YTW : 6.04 %<\/td>\n<\/tr>\n

BN.PF.M<\/td>\nFixedReset Prem<\/td>\nQuote: 26.27 – 27.27
\nSpot Rate : 1.0000
\nAverage : 0.6467<\/p>\n

YTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2031-01-01
\nMaturity Price : 25.00
\nEvaluated at bid price : 26.27
\nBid-YTW : 4.70 %<\/td>\n<\/tr>\n

ENB.PF.A<\/td>\nFixedReset Disc<\/td>\nQuote: 22.50 – 23.17
\nSpot Rate : 0.6700
\nAverage : 0.4008<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-01-16
\nMaturity Price : 22.04
\nEvaluated at bid price : 22.50
\nBid-YTW : 6.31 %<\/td>\n<\/tr>\n

IFC.PR.E<\/td>\nInsurance Straight<\/td>\nQuote: 23.47 – 24.20
\nSpot Rate : 0.7300
\nAverage : 0.4688<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-01-16
\nMaturity Price : 23.18
\nEvaluated at bid price : 23.47
\nBid-YTW : 5.58 %<\/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-51403","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/51403","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=51403"}],"version-history":[{"count":1,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/51403\/revisions"}],"predecessor-version":[{"id":51404,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/51403\/revisions\/51404"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=51403"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=51403"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=51403"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}