{"id":51922,"date":"2026-05-14T21:02:44","date_gmt":"2026-05-15T01:02:44","guid":{"rendered":"https:\/\/prefblog.com\/?p=51922"},"modified":"2026-05-14T21:02:44","modified_gmt":"2026-05-15T01:02:44","slug":"may-14-2026","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=51922","title":{"rendered":"May 14, 2026"},"content":{"rendered":"<p>The TXPR Price Index set a new 52-week high of 709.80 today, beating the old mark of 709.21 set yesterday (which I didn&#8217;t report. Sorry about that!)<\/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>0.2669 %<\/td>\n<td>2,538.6<\/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>0.2669 %<\/td>\n<td>4,813.6<\/td>\n<\/tr>\n<tr>\n<td>Floater<\/td>\n<td>5.65 %<\/td>\n<td>5.86 %<\/td>\n<td>46,990<\/td>\n<td>14.08<\/td>\n<td>3<\/td>\n<td>0.2669 %<\/td>\n<td>2,774.1<\/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>0.1181 %<\/td>\n<td>3,663.0<\/td>\n<\/tr>\n<tr>\n<td>SplitShare<\/td>\n<td>4.76 %<\/td>\n<td>4.55 %<\/td>\n<td>51,709<\/td>\n<td>2.81<\/td>\n<td>5<\/td>\n<td>0.1181 %<\/td>\n<td>4,374.4<\/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>0.1181 %<\/td>\n<td>3,413.1<\/td>\n<\/tr>\n<tr>\n<td>Perpetual-Premium<\/td>\n<td>5.76 %<\/td>\n<td>1.66 %<\/td>\n<td>56,781<\/td>\n<td>0.08<\/td>\n<td>3<\/td>\n<td>0.2250 %<\/td>\n<td>3,049.3<\/td>\n<\/tr>\n<tr>\n<td>Perpetual-Discount<\/td>\n<td>5.59 %<\/td>\n<td>5.65 %<\/td>\n<td>52,326<\/td>\n<td>14.41<\/td>\n<td>30<\/td>\n<td>0.2667 %<\/td>\n<td>3,368.5<\/td>\n<\/tr>\n<tr>\n<td>FixedReset Disc<\/td>\n<td>5.58 %<\/td>\n<td>5.83 %<\/td>\n<td>101,842<\/td>\n<td>13.81<\/td>\n<td>24<\/td>\n<td>-0.0840 %<\/td>\n<td>3,339.3<\/td>\n<\/tr>\n<tr>\n<td>Insurance Straight<\/td>\n<td>5.47 %<\/td>\n<td>5.57 %<\/td>\n<td>51,516<\/td>\n<td>14.44<\/td>\n<td>22<\/td>\n<td>0.2735 %<\/td>\n<td>3,296.8<\/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>-0.0840 %<\/td>\n<td>3,972.5<\/td>\n<\/tr>\n<tr>\n<td>FixedReset Prem<\/td>\n<td>5.96 %<\/td>\n<td>4.53 %<\/td>\n<td>87,806<\/td>\n<td>2.31<\/td>\n<td>24<\/td>\n<td>0.0706 %<\/td>\n<td>2,661.6<\/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>-0.0840 %<\/td>\n<td>3,413.5<\/td>\n<\/tr>\n<tr>\n<td>FixedReset Ins Non<\/td>\n<td>5.06 %<\/td>\n<td>5.28 %<\/td>\n<td>70,177<\/td>\n<td>14.47<\/td>\n<td>14<\/td>\n<td>1.2314 %<\/td>\n<td>3,266.4<\/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>BN.PR.T<\/td>\n<td>FixedReset Disc<\/td>\n<td>-4.09 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2056-05-14<br \/>\nMaturity Price  : 21.65<br \/>\nEvaluated at bid price : 22.05<br \/>\nBid-YTW : 6.11 %<\/td>\n<\/tr>\n<tr>\n<td>ENB.PF.C<\/td>\n<td>FixedReset Disc<\/td>\n<td>-2.72 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2056-05-14<br \/>\nMaturity Price  : 22.50<br \/>\nEvaluated at bid price : 23.25<br \/>\nBid-YTW : 6.21 %<\/td>\n<\/tr>\n<tr>\n<td>CU.PR.D<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-1.36 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2056-05-14<br \/>\nMaturity Price  : 21.44<br \/>\nEvaluated at bid price : 21.70<br \/>\nBid-YTW : 5.65 %<\/td>\n<\/tr>\n<tr>\n<td>BN.PR.X<\/td>\n<td>FixedReset Disc<\/td>\n<td>-1.20 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2056-05-14<br \/>\nMaturity Price  : 21.35<br \/>\nEvaluated at bid price : 21.35<br \/>\nBid-YTW : 5.82 %<\/td>\n<\/tr>\n<tr>\n<td>BN.PF.E<\/td>\n<td>FixedReset Disc<\/td>\n<td>1.04 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2056-05-14<br \/>\nMaturity Price  : 22.98<br \/>\nEvaluated at bid price : 24.25<br \/>\nBid-YTW : 5.74 %<\/td>\n<\/tr>\n<tr>\n<td>MFC.PR.C<\/td>\n<td>Insurance Straight<\/td>\n<td>1.07 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2056-05-14<br \/>\nMaturity Price  : 21.43<br \/>\nEvaluated at bid price : 21.69<br \/>\nBid-YTW : 5.26 %<\/td>\n<\/tr>\n<tr>\n<td>SLF.PR.C<\/td>\n<td>Insurance Straight<\/td>\n<td>1.17 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2056-05-14<br \/>\nMaturity Price  : 21.39<br \/>\nEvaluated at bid price : 21.66<br \/>\nBid-YTW : 5.19 %<\/td>\n<\/tr>\n<tr>\n<td>PWF.PR.L<\/td>\n<td>Perpetual-Discount<\/td>\n<td>1.20 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2056-05-14<br \/>\nMaturity Price  : 22.43<br \/>\nEvaluated at bid price : 22.69<br \/>\nBid-YTW : 5.66 %<\/td>\n<\/tr>\n<tr>\n<td>PWF.PR.P<\/td>\n<td>FixedReset Disc<\/td>\n<td>1.25 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2056-05-14<br \/>\nMaturity Price  : 21.10<br \/>\nEvaluated at bid price : 21.10<br \/>\nBid-YTW : 5.60 %<\/td>\n<\/tr>\n<tr>\n<td>FTS.PR.H<\/td>\n<td>FixedReset Disc<\/td>\n<td>1.30 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2056-05-14<br \/>\nMaturity Price  : 21.07<br \/>\nEvaluated at bid price : 21.07<br \/>\nBid-YTW : 5.41 %<\/td>\n<\/tr>\n<tr>\n<td>SLF.PR.G<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>1.90 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2056-05-14<br \/>\nMaturity Price  : 21.40<br \/>\nEvaluated at bid price : 21.40<br \/>\nBid-YTW : 5.28 %<\/td>\n<\/tr>\n<tr>\n<td>IFC.PR.M<\/td>\n<td>Perpetual-Discount<\/td>\n<td>2.03 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2056-05-14<br \/>\nMaturity Price  : 24.74<br \/>\nEvaluated at bid price : 25.15<br \/>\nBid-YTW : 5.53 %<\/td>\n<\/tr>\n<tr>\n<td>MFC.PR.L<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>2.08 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2056-05-14<br \/>\nMaturity Price  : 23.53<br \/>\nEvaluated at bid price : 25.52<br \/>\nBid-YTW : 5.25 %<\/td>\n<\/tr>\n<tr>\n<td>GWO.PR.Q<\/td>\n<td>Insurance Straight<\/td>\n<td>2.11 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2056-05-14<br \/>\nMaturity Price  : 23.01<br \/>\nEvaluated at bid price : 23.28<br \/>\nBid-YTW : 5.60 %<\/td>\n<\/tr>\n<tr>\n<td>MFC.PR.K<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>2.41 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Call<br \/>\nMaturity Date\t: 2028-09-19<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 25.95<br \/>\nBid-YTW : 5.08 %<\/td>\n<\/tr>\n<tr>\n<td>MFC.PR.F<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>9.92 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2056-05-14<br \/>\nMaturity Price  : 21.16<br \/>\nEvaluated at bid price : 21.16<br \/>\nBid-YTW : 5.40 %<\/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>BN.PR.X<\/td>\n<td>FixedReset Disc<\/td>\n<td>55,554<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2056-05-14<br \/>\nMaturity Price  : 21.35<br \/>\nEvaluated at bid price : 21.35<br \/>\nBid-YTW : 5.82 %<\/td>\n<\/tr>\n<tr>\n<td>MFC.PR.I<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>54,800<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Call<br \/>\nMaturity Date\t: 2027-09-19<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 26.02<br \/>\nBid-YTW : 3.57 %<\/td>\n<\/tr>\n<tr>\n<td>CU.PR.K<\/td>\n<td>Perpetual-Discount<\/td>\n<td>31,200<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2056-05-14<br \/>\nMaturity Price  : 24.52<br \/>\nEvaluated at bid price : 24.91<br \/>\nBid-YTW : 5.62 %<\/td>\n<\/tr>\n<tr>\n<td>BN.PF.D<\/td>\n<td>Perpetual-Discount<\/td>\n<td>28,200<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2056-05-14<br \/>\nMaturity Price  : 21.30<br \/>\nEvaluated at bid price : 21.30<br \/>\nBid-YTW : 5.84 %<\/td>\n<\/tr>\n<tr>\n<td>ENB.PF.G<\/td>\n<td>FixedReset Disc<\/td>\n<td>25,728<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2056-05-14<br \/>\nMaturity Price  : 22.85<br \/>\nEvaluated at bid price : 24.05<br \/>\nBid-YTW : 6.05 %<\/td>\n<\/tr>\n<tr>\n<td>ENB.PF.E<\/td>\n<td>FixedReset Disc<\/td>\n<td>22,242<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2056-05-14<br \/>\nMaturity Price  : 22.81<br \/>\nEvaluated at bid price : 23.90<br \/>\nBid-YTW : 6.01 %<\/td>\n<\/tr>\n<tr>\n<td colspan='4'>There were 8 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>ENB.PF.C<\/td>\n<td>FixedReset Disc<\/td>\n<td>Quote: 23.25 &#8211; 24.80<br \/>\nSpot Rate  :  1.5500<br \/>\nAverage  :  0.9271<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2056-05-14<br \/>\nMaturity Price  : 22.50<br \/>\nEvaluated at bid price : 23.25<br \/>\nBid-YTW : 6.21 %<\/td>\n<\/tr>\n<tr>\n<td>BN.PR.T<\/td>\n<td>FixedReset Disc<\/td>\n<td>Quote: 22.05 &#8211; 23.00<br \/>\nSpot Rate  :  0.9500<br \/>\nAverage  :  0.6448<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2056-05-14<br \/>\nMaturity Price  : 21.65<br \/>\nEvaluated at bid price : 22.05<br \/>\nBid-YTW : 6.11 %<\/td>\n<\/tr>\n<tr>\n<td>GWO.PR.Y<\/td>\n<td>Insurance Straight<\/td>\n<td>Quote: 20.59 &#8211; 21.15<br \/>\nSpot Rate  :  0.5600<br \/>\nAverage  :  0.3491<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2056-05-14<br \/>\nMaturity Price  : 20.59<br \/>\nEvaluated at bid price : 20.59<br \/>\nBid-YTW : 5.55 %<\/td>\n<\/tr>\n<tr>\n<td>GWO.PR.T<\/td>\n<td>Insurance Straight<\/td>\n<td>Quote: 22.90 &#8211; 23.85<br \/>\nSpot Rate  :  0.9500<br \/>\nAverage  :  0.7399<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2056-05-14<br \/>\nMaturity Price  : 22.65<br \/>\nEvaluated at bid price : 22.90<br \/>\nBid-YTW : 5.69 %<\/td>\n<\/tr>\n<tr>\n<td>IFC.PR.G<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>Quote: 25.48 &#8211; 26.15<br \/>\nSpot Rate  :  0.6700<br \/>\nAverage  :  0.4602<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Call<br \/>\nMaturity Date\t: 2028-06-30<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 25.48<br \/>\nBid-YTW : 5.45 %<\/td>\n<\/tr>\n<tr>\n<td>GWO.PR.H<\/td>\n<td>Insurance Straight<\/td>\n<td>Quote: 21.62 &#8211; 22.15<br \/>\nSpot Rate  :  0.5300<br \/>\nAverage  :  0.3671<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2056-05-14<br \/>\nMaturity Price  : 21.35<br \/>\nEvaluated at bid price : 21.62<br \/>\nBid-YTW : 5.68 %<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>The TXPR Price Index set a new 52-week high of 709.80 today, beating the old mark of 709.21 set yesterday (which I didn&#8217;t report. Sorry about that!) HIMIPref&trade; Preferred IndicesThese values reflect the December 2008 &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-51922","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/51922","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=51922"}],"version-history":[{"count":1,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/51922\/revisions"}],"predecessor-version":[{"id":51923,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/51922\/revisions\/51923"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=51922"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=51922"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=51922"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}