{"id":51431,"date":"2026-01-27T22:51:36","date_gmt":"2026-01-28T03:51:36","guid":{"rendered":"https:\/\/prefblog.com\/?p=51431"},"modified":"2026-01-27T22:51:36","modified_gmt":"2026-01-28T03:51:36","slug":"january-27-2026","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=51431","title":{"rendered":"January 27, 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-0.3762 %<\/td>\n2,449.2<\/td>\n<\/tr>\n
FixedFloater<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.3762 %<\/td>\n4,644.1<\/td>\n<\/tr>\n
Floater<\/td>\n5.88 %<\/td>\n6.11 %<\/td>\n55,807<\/td>\n13.73<\/td>\n3<\/td>\n-0.3762 %<\/td>\n2,676.4<\/td>\n<\/tr>\n
OpRet<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.0316 %<\/td>\n3,659.5<\/td>\n<\/tr>\n
SplitShare<\/td>\n4.77 %<\/td>\n4.64 %<\/td>\n84,814<\/td>\n3.07<\/td>\n5<\/td>\n0.0316 %<\/td>\n4,370.2<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.0316 %<\/td>\n3,409.8<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.72 %<\/td>\n5.68 %<\/td>\n90,560<\/td>\n14.19<\/td>\n9<\/td>\n-0.6238 %<\/td>\n3,061.0<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n5.60 %<\/td>\n5.63 %<\/td>\n48,990<\/td>\n14.46<\/td>\n25<\/td>\n0.4351 %<\/td>\n3,375.2<\/td>\n<\/tr>\n
FixedReset Disc<\/td>\n5.88 %<\/td>\n5.96 %<\/td>\n111,438<\/td>\n13.74<\/td>\n29<\/td>\n0.0665 %<\/td>\n3,160.9<\/td>\n<\/tr>\n
Insurance Straight<\/td>\n5.50 %<\/td>\n5.59 %<\/td>\n63,015<\/td>\n14.48<\/td>\n22<\/td>\n-0.1785 %<\/td>\n3,310.2<\/td>\n<\/tr>\n
FloatingReset<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.0665 %<\/td>\n3,760.2<\/td>\n<\/tr>\n
FixedReset Prem<\/td>\n5.97 %<\/td>\n4.44 %<\/td>\n94,613<\/td>\n2.15<\/td>\n19<\/td>\n0.5744 %<\/td>\n2,646.7<\/td>\n<\/tr>\n
FixedReset Bank Non<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.0665 %<\/td>\n3,231.1<\/td>\n<\/tr>\n
FixedReset Ins Non<\/td>\n5.32 %<\/td>\n5.45 %<\/td>\n73,960<\/td>\n14.44<\/td>\n14<\/td>\n-0.5349 %<\/td>\n3,107.2<\/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\n
Performance Highlights<\/strong><\/td>\n<\/tr>\n
Issue<\/td>\nIndex<\/td>\nChange<\/td>\nNotes<\/td>\n<\/tr>\n
PWF.PR.O<\/td>\nPerpetual-Premium<\/td>\n-6.39 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-01-27
\nMaturity Price : 23.17
\nEvaluated at bid price : 23.43
\nBid-YTW : 6.22 %<\/td>\n<\/tr>\n
MFC.PR.F<\/td>\nFixedReset Ins Non<\/td>\n-4.39 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-01-27
\nMaturity Price : 18.09
\nEvaluated at bid price : 18.09
\nBid-YTW : 5.96 %<\/td>\n<\/tr>\n
GWO.PR.G<\/td>\nInsurance Straight<\/td>\n-3.31 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-01-27
\nMaturity Price : 22.49
\nEvaluated at bid price : 22.75
\nBid-YTW : 5.77 %<\/td>\n<\/tr>\n
CU.PR.C<\/td>\nFixedReset Disc<\/td>\n-2.89 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-01-27
\nMaturity Price : 23.45
\nEvaluated at bid price : 23.90
\nBid-YTW : 5.62 %<\/td>\n<\/tr>\n
POW.PR.G<\/td>\nPerpetual-Discount<\/td>\n-2.62 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-01-27
\nMaturity Price : 23.91
\nEvaluated at bid price : 24.15
\nBid-YTW : 5.84 %<\/td>\n<\/tr>\n
GWO.PR.M<\/td>\nInsurance Straight<\/td>\n-1.53 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2026-02-26
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.11
\nBid-YTW : 5.70 %<\/td>\n<\/tr>\n
IFC.PR.C<\/td>\nFixedReset Ins Non<\/td>\n-1.25 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-01-27
\nMaturity Price : 23.02
\nEvaluated at bid price : 23.70
\nBid-YTW : 5.80 %<\/td>\n<\/tr>\n
FTS.PR.H<\/td>\nFixedReset Disc<\/td>\n-1.13 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-01-27
\nMaturity Price : 19.23
\nEvaluated at bid price : 19.23
\nBid-YTW : 5.71 %<\/td>\n<\/tr>\n
NA.PR.E<\/td>\nFixedReset Prem<\/td>\n-1.12 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2028-05-15
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.51
\nBid-YTW : 4.78 %<\/td>\n<\/tr>\n
MFC.PR.L<\/td>\nFixedReset Ins Non<\/td>\n-1.05 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-01-27
\nMaturity Price : 23.17
\nEvaluated at bid price : 24.59
\nBid-YTW : 5.30 %<\/td>\n<\/tr>\n
BN.PF.F<\/td>\nFixedReset Disc<\/td>\n1.02 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-01-27
\nMaturity Price : 23.20
\nEvaluated at bid price : 24.75
\nBid-YTW : 5.84 %<\/td>\n<\/tr>\n
ENB.PR.J<\/td>\nFixedReset Disc<\/td>\n1.11 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-01-27
\nMaturity Price : 22.27
\nEvaluated at bid price : 22.75
\nBid-YTW : 6.24 %<\/td>\n<\/tr>\n
GWO.PR.Y<\/td>\nInsurance Straight<\/td>\n1.32 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-01-27
\nMaturity Price : 20.68
\nEvaluated at bid price : 20.68
\nBid-YTW : 5.51 %<\/td>\n<\/tr>\n
POW.PR.H<\/td>\nPerpetual-Premium<\/td>\n2.48 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2034-10-15
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.21
\nBid-YTW : 5.70 %<\/td>\n<\/tr>\n
CU.PR.J<\/td>\nPerpetual-Discount<\/td>\n2.51 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-01-27
\nMaturity Price : 21.62
\nEvaluated at bid price : 21.62
\nBid-YTW : 5.59 %<\/td>\n<\/tr>\n
BN.PF.E<\/td>\nFixedReset Disc<\/td>\n2.86 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-01-27
\nMaturity Price : 22.33
\nEvaluated at bid price : 23.00
\nBid-YTW : 5.89 %<\/td>\n<\/tr>\n
PWF.PR.K<\/td>\nPerpetual-Discount<\/td>\n3.23 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-01-27
\nMaturity Price : 21.81
\nEvaluated at bid price : 22.05
\nBid-YTW : 5.63 %<\/td>\n<\/tr>\n
ENB.PR.T<\/td>\nFixedReset Disc<\/td>\n3.32 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-01-27
\nMaturity Price : 22.60
\nEvaluated at bid price : 23.35
\nBid-YTW : 6.09 %<\/td>\n<\/tr>\n
PWF.PR.T<\/td>\nFixedReset Disc<\/td>\n4.11 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-01-27
\nMaturity Price : 23.32
\nEvaluated at bid price : 24.83
\nBid-YTW : 5.32 %<\/td>\n<\/tr>\n
NA.PR.K<\/td>\nFixedReset Prem<\/td>\n10.64 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2029-05-01
\nMaturity Price : 25.00
\nEvaluated at bid price : 27.66
\nBid-YTW : 4.15 %<\/td>\n<\/tr>\n
CU.PR.G<\/td>\nPerpetual-Discount<\/td>\n13.71 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-01-27
\nMaturity Price : 16.50
\nEvaluated at bid price : 16.50
\nBid-YTW : 6.96 %<\/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>\n84,420<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2027-11-15
\nMaturity Price : 25.00
\nEvaluated at bid price : 26.20
\nBid-YTW : 4.07 %<\/td>\n<\/tr>\n
ENB.PR.N<\/td>\nFixedReset Disc<\/td>\n20,578<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-01-27
\nMaturity Price : 23.14
\nEvaluated at bid price : 24.32
\nBid-YTW : 6.00 %<\/td>\n<\/tr>\n
POW.PR.H<\/td>\nPerpetual-Premium<\/td>\n19,267<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2034-10-15
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.21
\nBid-YTW : 5.70 %<\/td>\n<\/tr>\n
PWF.PR.H<\/td>\nPerpetual-Premium<\/td>\n15,450<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-01-27
\nMaturity Price : 24.60
\nEvaluated at bid price : 24.85
\nBid-YTW : 5.81 %<\/td>\n<\/tr>\n
ENB.PR.P<\/td>\nFixedReset Disc<\/td>\n13,870<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-01-27
\nMaturity Price : 22.04
\nEvaluated at bid price : 22.40
\nBid-YTW : 6.26 %<\/td>\n<\/tr>\n
CU.PR.K<\/td>\nPerpetual-Premium<\/td>\n12,981<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-01-27
\nMaturity Price : 24.72
\nEvaluated at bid price : 25.12
\nBid-YTW : 5.66 %<\/td>\n<\/tr>\n
There were 5 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
PWF.PR.O<\/td>\nPerpetual-Premium<\/td>\nQuote: 23.43 – 25.28
\nSpot Rate : 1.8500
\nAverage : 1.0624<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-01-27
\nMaturity Price : 23.17
\nEvaluated at bid price : 23.43
\nBid-YTW : 6.22 %<\/td>\n<\/tr>\n

CU.PR.G<\/td>\nPerpetual-Discount<\/td>\nQuote: 16.50 – 21.23
\nSpot Rate : 4.7300
\nAverage : 4.2226<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-01-27
\nMaturity Price : 16.50
\nEvaluated at bid price : 16.50
\nBid-YTW : 6.96 %<\/td>\n<\/tr>\n

GWO.PR.G<\/td>\nInsurance Straight<\/td>\nQuote: 22.75 – 23.75
\nSpot Rate : 1.0000
\nAverage : 0.6083<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-01-27
\nMaturity Price : 22.49
\nEvaluated at bid price : 22.75
\nBid-YTW : 5.77 %<\/td>\n<\/tr>\n

GWO.PR.Z<\/td>\nInsurance Straight<\/td>\nQuote: 25.13 – 26.13
\nSpot Rate : 1.0000
\nAverage : 0.6858<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-01-27
\nMaturity Price : 24.72
\nEvaluated at bid price : 25.13
\nBid-YTW : 5.72 %<\/td>\n<\/tr>\n

POW.PR.G<\/td>\nPerpetual-Discount<\/td>\nQuote: 24.15 – 24.96
\nSpot Rate : 0.8100
\nAverage : 0.5084<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-01-27
\nMaturity Price : 23.91
\nEvaluated at bid price : 24.15
\nBid-YTW : 5.84 %<\/td>\n<\/tr>\n

CU.PR.C<\/td>\nFixedReset Disc<\/td>\nQuote: 23.90 – 24.78
\nSpot Rate : 0.8800
\nAverage : 0.5868<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-01-27
\nMaturity Price : 23.45
\nEvaluated at bid price : 23.90
\nBid-YTW : 5.62 %<\/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-51431","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/51431","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=51431"}],"version-history":[{"count":1,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/51431\/revisions"}],"predecessor-version":[{"id":51432,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/51431\/revisions\/51432"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=51431"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=51431"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=51431"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}