{"id":51612,"date":"2026-03-02T20:18:59","date_gmt":"2026-03-03T01:18:59","guid":{"rendered":"https:\/\/prefblog.com\/?p=51612"},"modified":"2026-03-02T20:18:59","modified_gmt":"2026-03-03T01:18:59","slug":"march-2-2026","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=51612","title":{"rendered":"March 2, 2026"},"content":{"rendered":"<p>The TXPR price index set a new 52-week high today of 699.05, eclipsing the old mark of 698.89 set on 2026-2-27 (which I didn&#8217;t report). <\/p>\n<table border='1'>\n<tr>\n<td colspan='8'><strong>HIMIPref&trade; Preferred Indices<br \/>These values reflect the December 2008 revision of the HIMIPref&trade; Indices<\/strong><br \/>Values are provisional and are finalized monthly<\/td>\n<\/tr>\n<tr>\n<td>Index<\/td>\n<td>Mean<br \/>Current<br \/>Yield<br \/>(at bid)<\/td>\n<td>Median<br \/>YTW<\/td>\n<td>Median<br \/>Average<br \/>Trading<br \/>Value<\/td>\n<td>Median<br \/>Mod Dur<br \/>(YTW)<\/td>\n<td>Issues<\/td>\n<td>Day&#8217;s Perf.<\/td>\n<td>Index Value<\/td>\n<\/tr>\n<tr>\n<td>Ratchet<\/td>\n<td>0.00 %<\/td>\n<td>0.00 %<\/td>\n<td>0<\/td>\n<td>0.00<\/td>\n<td>0<\/td>\n<td>0.0992 %<\/td>\n<td>2,488.1<\/td>\n<\/tr>\n<tr>\n<td>FixedFloater<\/td>\n<td>0.00 %<\/td>\n<td>0.00 %<\/td>\n<td>0<\/td>\n<td>0.00<\/td>\n<td>0<\/td>\n<td>0.0992 %<\/td>\n<td>4,717.8<\/td>\n<\/tr>\n<tr>\n<td>Floater<\/td>\n<td>5.79 %<\/td>\n<td>6.08 %<\/td>\n<td>61,922<\/td>\n<td>13.71<\/td>\n<td>3<\/td>\n<td>0.0992 %<\/td>\n<td>2,718.9<\/td>\n<\/tr>\n<tr>\n<td>OpRet<\/td>\n<td>0.00 %<\/td>\n<td>0.00 %<\/td>\n<td>0<\/td>\n<td>0.00<\/td>\n<td>0<\/td>\n<td>0.1580 %<\/td>\n<td>3,658.1<\/td>\n<\/tr>\n<tr>\n<td>SplitShare<\/td>\n<td>4.77 %<\/td>\n<td>4.17 %<\/td>\n<td>75,894<\/td>\n<td>3.01<\/td>\n<td>5<\/td>\n<td>0.1580 %<\/td>\n<td>4,368.5<\/td>\n<\/tr>\n<tr>\n<td>Interest-Bearing<\/td>\n<td>0.00 %<\/td>\n<td>0.00 %<\/td>\n<td>0<\/td>\n<td>0.00<\/td>\n<td>0<\/td>\n<td>0.1580 %<\/td>\n<td>3,408.5<\/td>\n<\/tr>\n<tr>\n<td>Perpetual-Premium<\/td>\n<td>5.68 %<\/td>\n<td>5.59 %<\/td>\n<td>89,132<\/td>\n<td>14.12<\/td>\n<td>7<\/td>\n<td>-0.0113 %<\/td>\n<td>3,080.8<\/td>\n<\/tr>\n<tr>\n<td>Perpetual-Discount<\/td>\n<td>5.61 %<\/td>\n<td>5.70 %<\/td>\n<td>46,783<\/td>\n<td>14.31<\/td>\n<td>28<\/td>\n<td>-0.7869 %<\/td>\n<td>3,373.3<\/td>\n<\/tr>\n<tr>\n<td>FixedReset Disc<\/td>\n<td>5.87 %<\/td>\n<td>5.74 %<\/td>\n<td>125,597<\/td>\n<td>13.94<\/td>\n<td>27<\/td>\n<td>0.3231 %<\/td>\n<td>3,206.3<\/td>\n<\/tr>\n<tr>\n<td>Insurance Straight<\/td>\n<td>5.44 %<\/td>\n<td>5.55 %<\/td>\n<td>63,229<\/td>\n<td>14.47<\/td>\n<td>22<\/td>\n<td>-0.1335 %<\/td>\n<td>3,344.3<\/td>\n<\/tr>\n<tr>\n<td>FloatingReset<\/td>\n<td>0.00 %<\/td>\n<td>0.00 %<\/td>\n<td>0<\/td>\n<td>0.00<\/td>\n<td>0<\/td>\n<td>0.3231 %<\/td>\n<td>3,814.2<\/td>\n<\/tr>\n<tr>\n<td>FixedReset Prem<\/td>\n<td>5.95 %<\/td>\n<td>4.41 %<\/td>\n<td>88,877<\/td>\n<td>2.47<\/td>\n<td>21<\/td>\n<td>-0.1293 %<\/td>\n<td>2,666.5<\/td>\n<\/tr>\n<tr>\n<td>FixedReset Bank Non<\/td>\n<td>0.00 %<\/td>\n<td>0.00 %<\/td>\n<td>0<\/td>\n<td>0.00<\/td>\n<td>0<\/td>\n<td>0.3231 %<\/td>\n<td>3,277.5<\/td>\n<\/tr>\n<tr>\n<td>FixedReset Ins Non<\/td>\n<td>5.28 %<\/td>\n<td>5.31 %<\/td>\n<td>95,328<\/td>\n<td>14.72<\/td>\n<td>14<\/td>\n<td>-0.2631 %<\/td>\n<td>3,131.2<\/td>\n<\/tr>\n<\/table>\n<table border='1'>\n<tr>\n<td colspan='4'><strong>Performance Highlights<\/strong><\/td>\n<\/tr>\n<tr>\n<td>Issue<\/td>\n<td>Index<\/td>\n<td>Change<\/td>\n<td>Notes<\/td>\n<\/tr>\n<tr>\n<td>CU.PR.G<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-20.73 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2056-03-02<br \/>\nMaturity Price  : 16.25<br \/>\nEvaluated at bid price : 16.25<br \/>\nBid-YTW : 6.98 %<\/td>\n<\/tr>\n<tr>\n<td>IFC.PR.A<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>-3.57 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2056-03-02<br \/>\nMaturity Price  : 21.36<br \/>\nEvaluated at bid price : 21.36<br \/>\nBid-YTW : 5.41 %<\/td>\n<\/tr>\n<tr>\n<td>NA.PR.I<\/td>\n<td>FixedReset Prem<\/td>\n<td>-1.70 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2056-03-02<br \/>\nMaturity Price  : 23.66<br \/>\nEvaluated at bid price : 26.00<br \/>\nBid-YTW : 5.51 %<\/td>\n<\/tr>\n<tr>\n<td>MFC.PR.J<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>-1.51 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2056-03-02<br \/>\nMaturity Price  : 23.51<br \/>\nEvaluated at bid price : 24.82<br \/>\nBid-YTW : 5.48 %<\/td>\n<\/tr>\n<tr>\n<td>PWF.PR.Z<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-1.44 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2056-03-02<br \/>\nMaturity Price  : 22.24<br \/>\nEvaluated at bid price : 22.52<br \/>\nBid-YTW : 5.78 %<\/td>\n<\/tr>\n<tr>\n<td>PWF.PR.R<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-1.27 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2056-03-02<br \/>\nMaturity Price  : 23.74<br \/>\nEvaluated at bid price : 24.05<br \/>\nBid-YTW : 5.78 %<\/td>\n<\/tr>\n<tr>\n<td>FTS.PR.F<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-1.07 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2056-03-02<br \/>\nMaturity Price  : 22.77<br \/>\nEvaluated at bid price : 23.05<br \/>\nBid-YTW : 5.33 %<\/td>\n<\/tr>\n<tr>\n<td>MFC.PR.B<\/td>\n<td>Insurance Straight<\/td>\n<td>-1.03 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2056-03-02<br \/>\nMaturity Price  : 21.78<br \/>\nEvaluated at bid price : 22.02<br \/>\nBid-YTW : 5.28 %<\/td>\n<\/tr>\n<tr>\n<td>GWO.PR.G<\/td>\n<td>Insurance Straight<\/td>\n<td>1.05 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2056-03-02<br \/>\nMaturity Price  : 23.69<br \/>\nEvaluated at bid price : 24.00<br \/>\nBid-YTW : 5.50 %<\/td>\n<\/tr>\n<tr>\n<td>SLF.PR.G<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>1.07 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2056-03-02<br \/>\nMaturity Price  : 19.76<br \/>\nEvaluated at bid price : 19.76<br \/>\nBid-YTW : 5.32 %<\/td>\n<\/tr>\n<tr>\n<td>IFC.PR.G<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>1.11 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2056-03-02<br \/>\nMaturity Price  : 23.69<br \/>\nEvaluated at bid price : 25.55<br \/>\nBid-YTW : 5.31 %<\/td>\n<\/tr>\n<tr>\n<td>BN.PF.E<\/td>\n<td>FixedReset Disc<\/td>\n<td>1.11 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2056-03-02<br \/>\nMaturity Price  : 22.66<br \/>\nEvaluated at bid price : 23.61<br \/>\nBid-YTW : 5.66 %<\/td>\n<\/tr>\n<tr>\n<td>NA.PR.C<\/td>\n<td>FixedReset Prem<\/td>\n<td>1.33 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Call<br \/>\nMaturity Date\t: 2027-11-15<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 26.66<br \/>\nBid-YTW : 3.21 %<\/td>\n<\/tr>\n<tr>\n<td>ENB.PF.G<\/td>\n<td>FixedReset Disc<\/td>\n<td>1.44 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2056-03-02<br \/>\nMaturity Price  : 22.43<br \/>\nEvaluated at bid price : 23.22<br \/>\nBid-YTW : 5.93 %<\/td>\n<\/tr>\n<tr>\n<td>FTS.PR.H<\/td>\n<td>FixedReset Disc<\/td>\n<td>2.08 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2056-03-02<br \/>\nMaturity Price  : 19.65<br \/>\nEvaluated at bid price : 19.65<br \/>\nBid-YTW : 5.40 %<\/td>\n<\/tr>\n<tr>\n<td>BN.PF.D<\/td>\n<td>Perpetual-Discount<\/td>\n<td>2.43 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2056-03-02<br \/>\nMaturity Price  : 21.25<br \/>\nEvaluated at bid price : 21.52<br \/>\nBid-YTW : 5.79 %<\/td>\n<\/tr>\n<\/table>\n<table border='1'>\n<tr>\n<td colspan='4'><strong>Volume Highlights<\/strong><\/td>\n<\/tr>\n<tr>\n<td>Issue<\/td>\n<td>Index<\/td>\n<td>Shares<br \/>Traded<\/td>\n<td>Notes<\/td>\n<\/tr>\n<tr>\n<td>CU.PR.C<\/td>\n<td>FixedReset Disc<\/td>\n<td>59,800<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2056-03-02<br \/>\nMaturity Price  : 24.53<br \/>\nEvaluated at bid price : 24.85<br \/>\nBid-YTW : 5.23 %<\/td>\n<\/tr>\n<tr>\n<td>IFC.PR.C<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>46,400<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2056-03-02<br \/>\nMaturity Price  : 23.89<br \/>\nEvaluated at bid price : 24.53<br \/>\nBid-YTW : 5.51 %<\/td>\n<\/tr>\n<tr>\n<td>FTS.PR.H<\/td>\n<td>FixedReset Disc<\/td>\n<td>41,300<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2056-03-02<br \/>\nMaturity Price  : 19.65<br \/>\nEvaluated at bid price : 19.65<br \/>\nBid-YTW : 5.40 %<\/td>\n<\/tr>\n<tr>\n<td>FTS.PR.M<\/td>\n<td>FixedReset Disc<\/td>\n<td>29,200<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2056-03-02<br \/>\nMaturity Price  : 23.19<br \/>\nEvaluated at bid price : 24.76<br \/>\nBid-YTW : 5.31 %<\/td>\n<\/tr>\n<tr>\n<td>IFC.PR.F<\/td>\n<td>Insurance Straight<\/td>\n<td>27,000<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2056-03-02<br \/>\nMaturity Price  : 23.56<br \/>\nEvaluated at bid price : 23.81<br \/>\nBid-YTW : 5.66 %<\/td>\n<\/tr>\n<tr>\n<td>GWO.PR.N<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>25,900<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2056-03-02<br \/>\nMaturity Price  : 18.53<br \/>\nEvaluated at bid price : 18.53<br \/>\nBid-YTW : 5.61 %<\/td>\n<\/tr>\n<tr>\n<td colspan='4'>There were 10 other index-included issues trading in excess of 10,000 shares.<\/td>\n<\/tr>\n<\/table>\n<table border='1'>\n<tr>\n<td colspan='3'><strong>Wide Spread Highlights<\/strong><\/td>\n<\/tr>\n<tr>\n<td colspan='3'>See <a href='https:\/\/prefblog.com\/?p=13456'>TMX DataLinx: &#8216;Last&#8217; != &#8216;Close&#8217;<\/a> and the posts linked therein for an idea of why these quotes are so horrible.<\/td>\n<\/tr>\n<tr>\n<td>Issue<\/td>\n<td>Index<\/td>\n<td>Quote Data and Yield Notes<\/td>\n<\/tr>\n<tr>\n<td>CU.PR.G<\/td>\n<td>Perpetual-Discount<\/td>\n<td>Quote: 16.25 &#8211; 20.54<br \/>\nSpot Rate  :  4.2900<br \/>\nAverage  :  2.2993<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2056-03-02<br \/>\nMaturity Price  : 16.25<br \/>\nEvaluated at bid price : 16.25<br \/>\nBid-YTW : 6.98 %<\/td>\n<\/tr>\n<tr>\n<td>MFC.PR.J<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>Quote: 24.82 &#8211; 26.15<br \/>\nSpot Rate  :  1.3300<br \/>\nAverage  :  0.9619<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2056-03-02<br \/>\nMaturity Price  : 23.51<br \/>\nEvaluated at bid price : 24.82<br \/>\nBid-YTW : 5.48 %<\/td>\n<\/tr>\n<tr>\n<td>IFC.PR.A<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>Quote: 21.36 &#8211; 22.19<br \/>\nSpot Rate  :  0.8300<br \/>\nAverage  :  0.4823<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2056-03-02<br \/>\nMaturity Price  : 21.36<br \/>\nEvaluated at bid price : 21.36<br \/>\nBid-YTW : 5.41 %<\/td>\n<\/tr>\n<tr>\n<td>GWO.PR.S<\/td>\n<td>Insurance Straight<\/td>\n<td>Quote: 23.76 &#8211; 24.75<br \/>\nSpot Rate  :  0.9900<br \/>\nAverage  :  0.7430<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2056-03-02<br \/>\nMaturity Price  : 23.49<br \/>\nEvaluated at bid price : 23.76<br \/>\nBid-YTW : 5.61 %<\/td>\n<\/tr>\n<tr>\n<td>GWO.PR.L<\/td>\n<td>Insurance Straight<\/td>\n<td>Quote: 25.09 &#8211; 25.58<br \/>\nSpot Rate  :  0.4900<br \/>\nAverage  :  0.2934<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2056-03-02<br \/>\nMaturity Price  : 24.87<br \/>\nEvaluated at bid price : 25.09<br \/>\nBid-YTW : 5.73 %<\/td>\n<\/tr>\n<tr>\n<td>MFC.PR.I<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>Quote: 25.40 &#8211; 26.40<br \/>\nSpot Rate  :  1.0000<br \/>\nAverage  :  0.8283<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Call<br \/>\nMaturity Date\t: 2027-09-19<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 25.40<br \/>\nBid-YTW : 4.73 %<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>The TXPR price index set a new 52-week high today of 699.05, eclipsing the old mark of 698.89 set on 2026-2-27 (which I didn&#8217;t report). HIMIPref&trade; Preferred IndicesThese values reflect the December 2008 revision of &hellip;<\/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-51612","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/51612","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=51612"}],"version-history":[{"count":1,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/51612\/revisions"}],"predecessor-version":[{"id":51613,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/51612\/revisions\/51613"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=51612"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=51612"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=51612"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}