{"id":51428,"date":"2026-01-26T19:50:33","date_gmt":"2026-01-27T00:50:33","guid":{"rendered":"https:\/\/prefblog.com\/?p=51428"},"modified":"2026-01-26T19:50:33","modified_gmt":"2026-01-27T00:50:33","slug":"january-26-2026","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=51428","title":{"rendered":"January 26, 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>\n0.2767 %<\/td>\n2,458.5<\/td>\n<\/tr>\n
FixedFloater<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.2767 %<\/td>\n4,661.7<\/td>\n<\/tr>\n
Floater<\/td>\n5.86 %<\/td>\n6.11 %<\/td>\n55,507<\/td>\n13.74<\/td>\n3<\/td>\n0.2767 %<\/td>\n2,686.5<\/td>\n<\/tr>\n
OpRet<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.1339 %<\/td>\n3,658.4<\/td>\n<\/tr>\n
SplitShare<\/td>\n4.77 %<\/td>\n4.52 %<\/td>\n83,968<\/td>\n3.07<\/td>\n5<\/td>\n-0.1339 %<\/td>\n4,368.9<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.1339 %<\/td>\n3,408.8<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.68 %<\/td>\n5.63 %<\/td>\n84,537<\/td>\n14.22<\/td>\n9<\/td>\n-0.2075 %<\/td>\n3,080.2<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n5.62 %<\/td>\n5.68 %<\/td>\n49,519<\/td>\n14.36<\/td>\n25<\/td>\n-1.2711 %<\/td>\n3,360.5<\/td>\n<\/tr>\n
FixedReset Disc<\/td>\n5.88 %<\/td>\n6.00 %<\/td>\n111,363<\/td>\n13.76<\/td>\n29<\/td>\n-0.1116 %<\/td>\n3,158.8<\/td>\n<\/tr>\n
Insurance Straight<\/td>\n5.49 %<\/td>\n5.57 %<\/td>\n63,219<\/td>\n14.50<\/td>\n22<\/td>\n0.1032 %<\/td>\n3,316.1<\/td>\n<\/tr>\n
FloatingReset<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.1116 %<\/td>\n3,757.7<\/td>\n<\/tr>\n
FixedReset Prem<\/td>\n6.01 %<\/td>\n4.55 %<\/td>\n95,286<\/td>\n2.15<\/td>\n19<\/td>\n-0.7119 %<\/td>\n2,631.6<\/td>\n<\/tr>\n
FixedReset Bank Non<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.1116 %<\/td>\n3,228.9<\/td>\n<\/tr>\n
FixedReset Ins Non<\/td>\n5.29 %<\/td>\n5.41 %<\/td>\n72,781<\/td>\n14.44<\/td>\n14<\/td>\n0.1324 %<\/td>\n3,123.9<\/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
CU.PR.G<\/td>\nPerpetual-Discount<\/td>\n-30.57 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-01-26
\nMaturity Price : 14.51
\nEvaluated at bid price : 14.51
\nBid-YTW : 7.94 %<\/td>\n<\/tr>\n
NA.PR.K<\/td>\nFixedReset Prem<\/td>\n-9.65 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-01-26
\nMaturity Price : 23.34
\nEvaluated at bid price : 25.00
\nBid-YTW : 7.10 %<\/td>\n<\/tr>\n
ENB.PR.T<\/td>\nFixedReset Disc<\/td>\n-3.54 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-01-26
\nMaturity Price : 22.15
\nEvaluated at bid price : 22.60
\nBid-YTW : 6.31 %<\/td>\n<\/tr>\n
PWF.PR.K<\/td>\nPerpetual-Discount<\/td>\n-3.13 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-01-26
\nMaturity Price : 21.36
\nEvaluated at bid price : 21.36
\nBid-YTW : 5.83 %<\/td>\n<\/tr>\n
CU.PR.J<\/td>\nPerpetual-Discount<\/td>\n-2.81 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-01-26
\nMaturity Price : 21.09
\nEvaluated at bid price : 21.09
\nBid-YTW : 5.73 %<\/td>\n<\/tr>\n
BN.PF.E<\/td>\nFixedReset Disc<\/td>\n-2.78 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-01-26
\nMaturity Price : 21.93
\nEvaluated at bid price : 22.36
\nBid-YTW : 6.08 %<\/td>\n<\/tr>\n
POW.PR.H<\/td>\nPerpetual-Premium<\/td>\n-2.38 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-01-26
\nMaturity Price : 24.22
\nEvaluated at bid price : 24.60
\nBid-YTW : 5.88 %<\/td>\n<\/tr>\n
MFC.PR.J<\/td>\nFixedReset Ins Non<\/td>\n-2.00 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-01-26
\nMaturity Price : 23.55
\nEvaluated at bid price : 24.99
\nBid-YTW : 5.62 %<\/td>\n<\/tr>\n
BN.PF.F<\/td>\nFixedReset Disc<\/td>\n-1.61 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-01-26
\nMaturity Price : 23.10
\nEvaluated at bid price : 24.50
\nBid-YTW : 5.91 %<\/td>\n<\/tr>\n
ENB.PR.J<\/td>\nFixedReset Disc<\/td>\n-1.32 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-01-26
\nMaturity Price : 22.10
\nEvaluated at bid price : 22.50
\nBid-YTW : 6.31 %<\/td>\n<\/tr>\n
PWF.PR.R<\/td>\nPerpetual-Discount<\/td>\n-1.15 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-01-26
\nMaturity Price : 23.82
\nEvaluated at bid price : 24.07
\nBid-YTW : 5.74 %<\/td>\n<\/tr>\n
MFC.PR.N<\/td>\nFixedReset Ins Non<\/td>\n1.26 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-01-26
\nMaturity Price : 22.93
\nEvaluated at bid price : 24.20
\nBid-YTW : 5.37 %<\/td>\n<\/tr>\n
GWO.PR.T<\/td>\nInsurance Straight<\/td>\n1.30 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-01-26
\nMaturity Price : 23.11
\nEvaluated at bid price : 23.40
\nBid-YTW : 5.55 %<\/td>\n<\/tr>\n
BN.PF.D<\/td>\nPerpetual-Discount<\/td>\n1.85 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-01-26
\nMaturity Price : 21.49
\nEvaluated at bid price : 21.49
\nBid-YTW : 5.77 %<\/td>\n<\/tr>\n
ENB.PF.C<\/td>\nFixedReset Disc<\/td>\n2.86 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-01-26
\nMaturity Price : 22.11
\nEvaluated at bid price : 22.63
\nBid-YTW : 6.20 %<\/td>\n<\/tr>\n
MFC.PR.F<\/td>\nFixedReset Ins Non<\/td>\n4.47 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-01-26
\nMaturity Price : 18.92
\nEvaluated at bid price : 18.92
\nBid-YTW : 5.70 %<\/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
NA.PR.C<\/td>\nFixedReset Prem<\/td>\n45,200<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2027-11-15
\nMaturity Price : 25.00
\nEvaluated at bid price : 26.05
\nBid-YTW : 4.41 %<\/td>\n<\/tr>\n
BN.PR.T<\/td>\nFixedReset Disc<\/td>\n34,900<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-01-26
\nMaturity Price : 21.40
\nEvaluated at bid price : 21.40
\nBid-YTW : 6.04 %<\/td>\n<\/tr>\n
PWF.PR.S<\/td>\nPerpetual-Discount<\/td>\n26,900<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-01-26
\nMaturity Price : 21.59
\nEvaluated at bid price : 21.85
\nBid-YTW : 5.51 %<\/td>\n<\/tr>\n
BN.PF.F<\/td>\nFixedReset Disc<\/td>\n17,800<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-01-26
\nMaturity Price : 23.10
\nEvaluated at bid price : 24.50
\nBid-YTW : 5.91 %<\/td>\n<\/tr>\n
PWF.PR.A<\/td>\nFloater<\/td>\n14,000<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-01-26
\nMaturity Price : 14.04
\nEvaluated at bid price : 14.04
\nBid-YTW : 5.57 %<\/td>\n<\/tr>\n
PWF.PR.R<\/td>\nPerpetual-Discount<\/td>\n13,200<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-01-26
\nMaturity Price : 23.82
\nEvaluated at bid price : 24.07
\nBid-YTW : 5.74 %<\/td>\n<\/tr>\n
There were 3 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.G<\/td>\nPerpetual-Discount<\/td>\nQuote: 14.51 – 21.23
\nSpot Rate : 6.7200
\nAverage : 3.6664<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-01-26
\nMaturity Price : 14.51
\nEvaluated at bid price : 14.51
\nBid-YTW : 7.94 %<\/td>\n<\/tr>\n

NA.PR.K<\/td>\nFixedReset Prem<\/td>\nQuote: 25.00 – 28.15
\nSpot Rate : 3.1500
\nAverage : 1.8488<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-01-26
\nMaturity Price : 23.34
\nEvaluated at bid price : 25.00
\nBid-YTW : 7.10 %<\/td>\n<\/tr>\n

SLF.PR.E<\/td>\nInsurance Straight<\/td>\nQuote: 21.70 – 23.44
\nSpot Rate : 1.7400
\nAverage : 0.9883<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-01-26
\nMaturity Price : 21.44
\nEvaluated at bid price : 21.70
\nBid-YTW : 5.23 %<\/td>\n<\/tr>\n

GWO.PR.T<\/td>\nInsurance Straight<\/td>\nQuote: 23.40 – 25.00
\nSpot Rate : 1.6000
\nAverage : 1.0514<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-01-26
\nMaturity Price : 23.11
\nEvaluated at bid price : 23.40
\nBid-YTW : 5.55 %<\/td>\n<\/tr>\n

BN.PR.B<\/td>\nFloater<\/td>\nQuote: 12.91 – 13.91
\nSpot Rate : 1.0000
\nAverage : 0.5533<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-01-26
\nMaturity Price : 12.91
\nEvaluated at bid price : 12.91
\nBid-YTW : 6.11 %<\/td>\n<\/tr>\n

PWF.PR.K<\/td>\nPerpetual-Discount<\/td>\nQuote: 21.36 – 22.36
\nSpot Rate : 1.0000
\nAverage : 0.6099<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-01-26
\nMaturity Price : 21.36
\nEvaluated at bid price : 21.36
\nBid-YTW : 5.83 %<\/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-51428","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/51428","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=51428"}],"version-history":[{"count":1,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/51428\/revisions"}],"predecessor-version":[{"id":51429,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/51428\/revisions\/51429"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=51428"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=51428"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=51428"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}