{"id":51409,"date":"2026-01-20T20:11:52","date_gmt":"2026-01-21T01:11:52","guid":{"rendered":"https:\/\/prefblog.com\/?p=51409"},"modified":"2026-01-20T20:12:10","modified_gmt":"2026-01-21T01:12:10","slug":"january-20-2026","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=51409","title":{"rendered":"January 20, 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-0.1256 %<\/td>\n2,451.1<\/td>\n<\/tr>\n
FixedFloater<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.1256 %<\/td>\n4,647.6<\/td>\n<\/tr>\n
Floater<\/td>\n5.88 %<\/td>\n6.13 %<\/td>\n55,242<\/td>\n13.72<\/td>\n3<\/td>\n-0.1256 %<\/td>\n2,678.5<\/td>\n<\/tr>\n
OpRet<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.0000 %<\/td>\n3,667.3<\/td>\n<\/tr>\n
SplitShare<\/td>\n4.76 %<\/td>\n4.36 %<\/td>\n76,907<\/td>\n3.09<\/td>\n5<\/td>\n-0.0000 %<\/td>\n4,379.6<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.0000 %<\/td>\n3,417.1<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.66 %<\/td>\n5.56 %<\/td>\n86,904<\/td>\n14.23<\/td>\n9<\/td>\n-0.1805 %<\/td>\n3,089.4<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n5.55 %<\/td>\n5.60 %<\/td>\n53,373<\/td>\n14.51<\/td>\n25<\/td>\n-0.2179 %<\/td>\n3,403.3<\/td>\n<\/tr>\n
FixedReset Disc<\/td>\n5.86 %<\/td>\n5.94 %<\/td>\n117,917<\/td>\n13.81<\/td>\n29<\/td>\n-0.2581 %<\/td>\n3,171.4<\/td>\n<\/tr>\n
Insurance Straight<\/td>\n5.51 %<\/td>\n5.58 %<\/td>\n63,641<\/td>\n14.49<\/td>\n22<\/td>\n-0.5364 %<\/td>\n3,304.2<\/td>\n<\/tr>\n
FloatingReset<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.2581 %<\/td>\n3,772.7<\/td>\n<\/tr>\n
FixedReset Prem<\/td>\n5.95 %<\/td>\n4.60 %<\/td>\n84,974<\/td>\n2.17<\/td>\n19<\/td>\n-0.0706 %<\/td>\n2,656.6<\/td>\n<\/tr>\n
FixedReset Bank Non<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.2581 %<\/td>\n3,241.8<\/td>\n<\/tr>\n
FixedReset Ins Non<\/td>\n5.28 %<\/td>\n5.46 %<\/td>\n75,609<\/td>\n14.44<\/td>\n14<\/td>\n-0.0490 %<\/td>\n3,132.1<\/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
MFC.PR.B<\/td>\nInsurance Straight<\/td>\n-5.01 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-01-20
\nMaturity Price : 20.68
\nEvaluated at bid price : 20.68
\nBid-YTW : 5.70 %<\/td>\n<\/tr>\n
CU.PR.F<\/td>\nPerpetual-Discount<\/td>\n-3.54 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-01-20
\nMaturity Price : 20.69
\nEvaluated at bid price : 20.69
\nBid-YTW : 5.53 %<\/td>\n<\/tr>\n
CU.PR.C<\/td>\nFixedReset Disc<\/td>\n-3.16 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-01-20
\nMaturity Price : 23.45
\nEvaluated at bid price : 23.90
\nBid-YTW : 5.62 %<\/td>\n<\/tr>\n
ENB.PR.B<\/td>\nFixedReset Disc<\/td>\n-1.86 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-01-20
\nMaturity Price : 21.10
\nEvaluated at bid price : 21.10
\nBid-YTW : 6.40 %<\/td>\n<\/tr>\n
GWO.PR.T<\/td>\nInsurance Straight<\/td>\n-1.70 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-01-20
\nMaturity Price : 22.85
\nEvaluated at bid price : 23.10
\nBid-YTW : 5.62 %<\/td>\n<\/tr>\n
GWO.PR.H<\/td>\nInsurance Straight<\/td>\n-1.58 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-01-20
\nMaturity Price : 21.54
\nEvaluated at bid price : 21.80
\nBid-YTW : 5.61 %<\/td>\n<\/tr>\n
BN.PF.D<\/td>\nPerpetual-Discount<\/td>\n-1.55 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-01-20
\nMaturity Price : 21.00
\nEvaluated at bid price : 21.00
\nBid-YTW : 5.90 %<\/td>\n<\/tr>\n
BN.PF.E<\/td>\nFixedReset Disc<\/td>\n-1.28 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-01-20
\nMaturity Price : 22.36
\nEvaluated at bid price : 23.05
\nBid-YTW : 5.88 %<\/td>\n<\/tr>\n
SLF.PR.H<\/td>\nFixedReset Ins Non<\/td>\n-1.11 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-01-20
\nMaturity Price : 21.79
\nEvaluated at bid price : 22.25
\nBid-YTW : 5.63 %<\/td>\n<\/tr>\n
GWO.PR.I<\/td>\nInsurance Straight<\/td>\n-1.01 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-01-20
\nMaturity Price : 20.64
\nEvaluated at bid price : 20.64
\nBid-YTW : 5.51 %<\/td>\n<\/tr>\n
FTS.PR.H<\/td>\nFixedReset Disc<\/td>\n1.51 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-01-20
\nMaturity Price : 19.50
\nEvaluated at bid price : 19.50
\nBid-YTW : 5.63 %<\/td>\n<\/tr>\n
POW.PR.B<\/td>\nPerpetual-Discount<\/td>\n2.26 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-01-20
\nMaturity Price : 23.69
\nEvaluated at bid price : 24.00
\nBid-YTW : 5.60 %<\/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
POW.PR.H<\/td>\nPerpetual-Premium<\/td>\n64,402<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-01-20
\nMaturity Price : 24.67
\nEvaluated at bid price : 25.07
\nBid-YTW : 5.76 %<\/td>\n<\/tr>\n
PWF.PR.Z<\/td>\nPerpetual-Discount<\/td>\n52,650<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-01-20
\nMaturity Price : 22.79
\nEvaluated at bid price : 23.05
\nBid-YTW : 5.60 %<\/td>\n<\/tr>\n
ENB.PR.P<\/td>\nFixedReset Disc<\/td>\n48,012<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-01-20
\nMaturity Price : 22.06
\nEvaluated at bid price : 22.44
\nBid-YTW : 6.25 %<\/td>\n<\/tr>\n
FTS.PR.M<\/td>\nFixedReset Disc<\/td>\n27,883<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-01-20
\nMaturity Price : 23.16
\nEvaluated at bid price : 24.71
\nBid-YTW : 5.49 %<\/td>\n<\/tr>\n
ENB.PR.J<\/td>\nFixedReset Disc<\/td>\n27,377<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-01-20
\nMaturity Price : 22.37
\nEvaluated at bid price : 22.91
\nBid-YTW : 6.19 %<\/td>\n<\/tr>\n
GWO.PR.I<\/td>\nInsurance Straight<\/td>\n16,400<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-01-20
\nMaturity Price : 20.64
\nEvaluated at bid price : 20.64
\nBid-YTW : 5.51 %<\/td>\n<\/tr>\n
There were 7 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.F<\/td>\nPerpetual-Discount<\/td>\nQuote: 20.69 – 21.83
\nSpot Rate : 1.1400
\nAverage : 0.7353<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-01-20
\nMaturity Price : 20.69
\nEvaluated at bid price : 20.69
\nBid-YTW : 5.53 %<\/td>\n<\/tr>\n

CU.PR.C<\/td>\nFixedReset Disc<\/td>\nQuote: 23.90 – 24.80
\nSpot Rate : 0.9000
\nAverage : 0.5219<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-01-20
\nMaturity Price : 23.45
\nEvaluated at bid price : 23.90
\nBid-YTW : 5.62 %<\/td>\n<\/tr>\n

MFC.PR.B<\/td>\nInsurance Straight<\/td>\nQuote: 20.68 – 21.85
\nSpot Rate : 1.1700
\nAverage : 0.8311<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-01-20
\nMaturity Price : 20.68
\nEvaluated at bid price : 20.68
\nBid-YTW : 5.70 %<\/td>\n<\/tr>\n

SLF.PR.H<\/td>\nFixedReset Ins Non<\/td>\nQuote: 22.25 – 23.00
\nSpot Rate : 0.7500
\nAverage : 0.5203<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-01-20
\nMaturity Price : 21.79
\nEvaluated at bid price : 22.25
\nBid-YTW : 5.63 %<\/td>\n<\/tr>\n

ENB.PR.P<\/td>\nFixedReset Disc<\/td>\nQuote: 22.44 – 22.90
\nSpot Rate : 0.4600
\nAverage : 0.2677<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-01-20
\nMaturity Price : 22.06
\nEvaluated at bid price : 22.44
\nBid-YTW : 6.25 %<\/td>\n<\/tr>\n

BIP.PR.F<\/td>\nFixedReset Disc<\/td>\nQuote: 25.70 – 26.25
\nSpot Rate : 0.5500
\nAverage : 0.3827<\/p>\n

YTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2029-01-01
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.70
\nBid-YTW : 5.57 %<\/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-51409","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/51409","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=51409"}],"version-history":[{"count":1,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/51409\/revisions"}],"predecessor-version":[{"id":51410,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/51409\/revisions\/51410"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=51409"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=51409"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=51409"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}