{"id":51422,"date":"2026-01-22T21:06:44","date_gmt":"2026-01-23T02:06:44","guid":{"rendered":"https:\/\/prefblog.com\/?p=51422"},"modified":"2026-01-22T21:06:44","modified_gmt":"2026-01-23T02:06:44","slug":"january-22-2026","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=51422","title":{"rendered":"January 22, 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>\n0.1006 %<\/td>\n2,453.5<\/td>\n<\/tr>\n
FixedFloater<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.1006 %<\/td>\n4,652.3<\/td>\n<\/tr>\n
Floater<\/td>\n5.87 %<\/td>\n6.13 %<\/td>\n54,386<\/td>\n13.71<\/td>\n3<\/td>\n0.1006 %<\/td>\n2,681.1<\/td>\n<\/tr>\n
OpRet<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.0236 %<\/td>\n3,667.6<\/td>\n<\/tr>\n
SplitShare<\/td>\n4.76 %<\/td>\n4.27 %<\/td>\n79,497<\/td>\n3.08<\/td>\n5<\/td>\n-0.0236 %<\/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-0.0236 %<\/td>\n3,417.4<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.67 %<\/td>\n5.63 %<\/td>\n85,610<\/td>\n14.23<\/td>\n9<\/td>\n0.1813 %<\/td>\n3,087.6<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n5.55 %<\/td>\n5.59 %<\/td>\n53,209<\/td>\n14.50<\/td>\n25<\/td>\n0.2810 %<\/td>\n3,407.2<\/td>\n<\/tr>\n
FixedReset Disc<\/td>\n5.88 %<\/td>\n5.98 %<\/td>\n117,552<\/td>\n13.74<\/td>\n29<\/td>\n0.1089 %<\/td>\n3,158.7<\/td>\n<\/tr>\n
Insurance Straight<\/td>\n5.49 %<\/td>\n5.55 %<\/td>\n64,086<\/td>\n14.54<\/td>\n22<\/td>\n0.3202 %<\/td>\n3,317.3<\/td>\n<\/tr>\n
FloatingReset<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.1089 %<\/td>\n3,757.7<\/td>\n<\/tr>\n
FixedReset Prem<\/td>\n5.97 %<\/td>\n4.49 %<\/td>\n90,732<\/td>\n2.57<\/td>\n19<\/td>\n-0.1777 %<\/td>\n2,650.2<\/td>\n<\/tr>\n
FixedReset Bank Non<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.1089 %<\/td>\n3,228.9<\/td>\n<\/tr>\n
FixedReset Ins Non<\/td>\n5.28 %<\/td>\n5.42 %<\/td>\n74,818<\/td>\n14.44<\/td>\n14<\/td>\n-0.4304 %<\/td>\n3,132.2<\/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
Performance Highlights<\/strong><\/td>\n<\/tr>\n
Issue<\/td>\nIndex<\/td>\nChange<\/td>\nNotes<\/td>\n<\/tr>\n
IFC.PR.C<\/td>\nFixedReset Ins Non<\/td>\n-3.62 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-01-22
\nMaturity Price : 23.28
\nEvaluated at bid price : 23.95
\nBid-YTW : 5.74 %<\/td>\n<\/tr>\n
CU.PR.C<\/td>\nFixedReset Disc<\/td>\n-3.16 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-01-22
\nMaturity Price : 23.45
\nEvaluated at bid price : 23.90
\nBid-YTW : 5.62 %<\/td>\n<\/tr>\n
TD.PF.J<\/td>\nFixedReset Prem<\/td>\n-2.72 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-01-22
\nMaturity Price : 23.52
\nEvaluated at bid price : 25.00
\nBid-YTW : 5.59 %<\/td>\n<\/tr>\n
NA.PR.C<\/td>\nFixedReset Prem<\/td>\n-1.40 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2027-11-15
\nMaturity Price : 25.00
\nEvaluated at bid price : 26.02
\nBid-YTW : 4.45 %<\/td>\n<\/tr>\n
NA.PR.K<\/td>\nFixedReset Prem<\/td>\n-1.06 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2029-05-01
\nMaturity Price : 25.00
\nEvaluated at bid price : 28.00
\nBid-YTW : 4.30 %<\/td>\n<\/tr>\n
SLF.PR.H<\/td>\nFixedReset Ins Non<\/td>\n-1.02 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-01-22
\nMaturity Price : 21.79
\nEvaluated at bid price : 22.25
\nBid-YTW : 5.64 %<\/td>\n<\/tr>\n
NA.PR.E<\/td>\nFixedReset Prem<\/td>\n1.06 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2028-05-15
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.80
\nBid-YTW : 4.22 %<\/td>\n<\/tr>\n
ENB.PF.G<\/td>\nFixedReset Disc<\/td>\n1.20 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-01-22
\nMaturity Price : 22.16
\nEvaluated at bid price : 22.77
\nBid-YTW : 6.24 %<\/td>\n<\/tr>\n
ENB.PR.B<\/td>\nFixedReset Disc<\/td>\n1.23 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-01-22
\nMaturity Price : 21.36
\nEvaluated at bid price : 21.36
\nBid-YTW : 6.33 %<\/td>\n<\/tr>\n
BN.PF.D<\/td>\nPerpetual-Discount<\/td>\n1.33 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-01-22
\nMaturity Price : 21.28
\nEvaluated at bid price : 21.28
\nBid-YTW : 5.82 %<\/td>\n<\/tr>\n
GWO.PR.H<\/td>\nInsurance Straight<\/td>\n1.38 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-01-22
\nMaturity Price : 21.86
\nEvaluated at bid price : 22.10
\nBid-YTW : 5.53 %<\/td>\n<\/tr>\n
PWF.PR.F<\/td>\nPerpetual-Discount<\/td>\n1.42 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-01-22
\nMaturity Price : 23.23
\nEvaluated at bid price : 23.53
\nBid-YTW : 5.59 %<\/td>\n<\/tr>\n
PWF.PR.G<\/td>\nPerpetual-Premium<\/td>\n1.85 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2026-02-21
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.30
\nBid-YTW : -10.32 %<\/td>\n<\/tr>\n
BN.PR.R<\/td>\nFixedReset Disc<\/td>\n2.35 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-01-22
\nMaturity Price : 21.48
\nEvaluated at bid price : 21.80
\nBid-YTW : 5.96 %<\/td>\n<\/tr>\n
POW.PR.G<\/td>\nPerpetual-Discount<\/td>\n2.86 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-01-22
\nMaturity Price : 24.55
\nEvaluated at bid price : 24.80
\nBid-YTW : 5.68 %<\/td>\n<\/tr>\n
MFC.PR.B<\/td>\nInsurance Straight<\/td>\n5.66 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-01-22
\nMaturity Price : 21.59
\nEvaluated at bid price : 21.85
\nBid-YTW : 5.37 %<\/td>\n<\/tr>\n<\/table>\n\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.PR.X<\/td>\nFixedReset Disc<\/td>\n208,500<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-01-22
\nMaturity Price : 19.59
\nEvaluated at bid price : 19.59
\nBid-YTW : 6.08 %<\/td>\n<\/tr>\n
MFC.PR.L<\/td>\nFixedReset Ins Non<\/td>\n197,600<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-01-22
\nMaturity Price : 23.27
\nEvaluated at bid price : 24.85
\nBid-YTW : 5.24 %<\/td>\n<\/tr>\n
CU.PR.K<\/td>\nPerpetual-Premium<\/td>\n139,100<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-01-22
\nMaturity Price : 24.80
\nEvaluated at bid price : 25.20
\nBid-YTW : 5.63 %<\/td>\n<\/tr>\n
BN.PF.I<\/td>\nFixedReset Prem<\/td>\n135,900<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2027-03-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.35
\nBid-YTW : 4.49 %<\/td>\n<\/tr>\n
BN.PR.T<\/td>\nFixedReset Disc<\/td>\n117,700<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-01-22
\nMaturity Price : 21.40
\nEvaluated at bid price : 21.40
\nBid-YTW : 6.04 %<\/td>\n<\/tr>\n
FTS.PR.M<\/td>\nFixedReset Disc<\/td>\n104,900<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-01-22
\nMaturity Price : 23.14
\nEvaluated at bid price : 24.66
\nBid-YTW : 5.51 %<\/td>\n<\/tr>\n
CU.PR.H<\/td>\nPerpetual-Discount<\/td>\n103,204<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-01-22
\nMaturity Price : 24.00
\nEvaluated at bid price : 24.25
\nBid-YTW : 5.49 %<\/td>\n<\/tr>\n
There were 13 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
BN.PR.T<\/td>\nFixedReset Disc<\/td>\nQuote: 21.40 – 22.68
\nSpot Rate : 1.2800
\nAverage : 0.9477<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-01-22
\nMaturity Price : 21.40
\nEvaluated at bid price : 21.40
\nBid-YTW : 6.04 %<\/td>\n<\/tr>\n

CU.PR.C<\/td>\nFixedReset Disc<\/td>\nQuote: 23.90 – 24.80
\nSpot Rate : 0.9000
\nAverage : 0.6194<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-01-22
\nMaturity Price : 23.45
\nEvaluated at bid price : 23.90
\nBid-YTW : 5.62 %<\/td>\n<\/tr>\n

TD.PF.J<\/td>\nFixedReset Prem<\/td>\nQuote: 25.00 – 25.90
\nSpot Rate : 0.9000
\nAverage : 0.6255<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-01-22
\nMaturity Price : 23.52
\nEvaluated at bid price : 25.00
\nBid-YTW : 5.59 %<\/td>\n<\/tr>\n

GWO.PR.S<\/td>\nInsurance Straight<\/td>\nQuote: 23.82 – 24.50
\nSpot Rate : 0.6800
\nAverage : 0.4181<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-01-22
\nMaturity Price : 23.55
\nEvaluated at bid price : 23.82
\nBid-YTW : 5.56 %<\/td>\n<\/tr>\n

IFC.PR.C<\/td>\nFixedReset Ins Non<\/td>\nQuote: 23.95 – 24.95
\nSpot Rate : 1.0000
\nAverage : 0.7837<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-01-22
\nMaturity Price : 23.28
\nEvaluated at bid price : 23.95
\nBid-YTW : 5.74 %<\/td>\n<\/tr>\n

ENB.PR.A<\/td>\nPerpetual-Discount<\/td>\nQuote: 24.86 – 25.49
\nSpot Rate : 0.6300
\nAverage : 0.4184<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-01-22
\nMaturity Price : 24.60
\nEvaluated at bid price : 24.86
\nBid-YTW : 5.61 %<\/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-51422","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/51422","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=51422"}],"version-history":[{"count":1,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/51422\/revisions"}],"predecessor-version":[{"id":51423,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/51422\/revisions\/51423"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=51422"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=51422"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=51422"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}