{"id":52194,"date":"2026-07-16T21:16:45","date_gmt":"2026-07-17T01:16:45","guid":{"rendered":"https:\/\/prefblog.com\/?p=52194"},"modified":"2026-07-16T21:32:44","modified_gmt":"2026-07-17T01:32:44","slug":"july-16-2026","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=52194","title":{"rendered":"July 16, 2026"},"content":{"rendered":"<p>The TXPR price index set another 52-week high today of 714.53, just barely edging the old mark of 714.52 set yesterday.<\/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>0.3286 %<\/td>\n<td>2,644.6<\/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>0.3286 %<\/td>\n<td>4,980.2<\/td>\n<\/tr>\n<tr>\n<td>Floater<\/td>\n<td>5.46 %<\/td>\n<td>5.59 %<\/td>\n<td>38,730<\/td>\n<td>14.54<\/td>\n<td>3<\/td>\n<td>0.3286 %<\/td>\n<td>2,870.1<\/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>0.0000 %<\/td>\n<td>3,630.7<\/td>\n<\/tr>\n<tr>\n<td>SplitShare<\/td>\n<td>4.80 %<\/td>\n<td>4.97 %<\/td>\n<td>61,198<\/td>\n<td>2.67<\/td>\n<td>5<\/td>\n<td>0.0000 %<\/td>\n<td>4,335.9<\/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>0.0000 %<\/td>\n<td>3,383.0<\/td>\n<\/tr>\n<tr>\n<td>Perpetual-Premium<\/td>\n<td>5.69 %<\/td>\n<td>-3.89 %<\/td>\n<td>56,853<\/td>\n<td>0.09<\/td>\n<td>7<\/td>\n<td>-0.1804 %<\/td>\n<td>3,078.6<\/td>\n<\/tr>\n<tr>\n<td>Perpetual-Discount<\/td>\n<td>5.54 %<\/td>\n<td>5.57 %<\/td>\n<td>42,273<\/td>\n<td>14.54<\/td>\n<td>27<\/td>\n<td>0.1708 %<\/td>\n<td>3,408.0<\/td>\n<\/tr>\n<tr>\n<td>FixedReset Disc<\/td>\n<td>5.64 %<\/td>\n<td>5.82 %<\/td>\n<td>99,512<\/td>\n<td>13.99<\/td>\n<td>19<\/td>\n<td>-0.2823 %<\/td>\n<td>3,369.6<\/td>\n<\/tr>\n<tr>\n<td>Insurance Straight<\/td>\n<td>5.41 %<\/td>\n<td>5.46 %<\/td>\n<td>48,974<\/td>\n<td>14.63<\/td>\n<td>20<\/td>\n<td>-0.0847 %<\/td>\n<td>3,321.7<\/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>-0.2823 %<\/td>\n<td>4,114.4<\/td>\n<\/tr>\n<tr>\n<td>FixedReset Prem<\/td>\n<td>5.90 %<\/td>\n<td>4.58 %<\/td>\n<td>79,195<\/td>\n<td>2.17<\/td>\n<td>29<\/td>\n<td>-0.0466 %<\/td>\n<td>2,664.0<\/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>-0.2823 %<\/td>\n<td>3,444.5<\/td>\n<\/tr>\n<tr>\n<td>FixedReset Ins Non<\/td>\n<td>5.24 %<\/td>\n<td>5.22 %<\/td>\n<td>53,144<\/td>\n<td>14.41<\/td>\n<td>14<\/td>\n<td>0.1121 %<\/td>\n<td>3,257.4<\/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>ENB.PF.C<\/td>\n<td>FixedReset Disc<\/td>\n<td>-2.80 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2056-07-16<br \/>\nMaturity Price  : 22.70<br \/>\nEvaluated at bid price : 23.60<br \/>\nBid-YTW : 6.09 %<\/td>\n<\/tr>\n<tr>\n<td>MFC.PR.F<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>-1.59 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2056-07-16<br \/>\nMaturity Price  : 21.00<br \/>\nEvaluated at bid price : 21.00<br \/>\nBid-YTW : 5.50 %<\/td>\n<\/tr>\n<tr>\n<td>POW.PR.C<\/td>\n<td>Perpetual-Premium<\/td>\n<td>-1.43 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Call<br \/>\nMaturity Date\t: 2026-08-15<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 25.55<br \/>\nBid-YTW : -19.50 %<\/td>\n<\/tr>\n<tr>\n<td>FTS.PR.H<\/td>\n<td>FixedReset Disc<\/td>\n<td>-1.32 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2056-07-16<br \/>\nMaturity Price  : 20.15<br \/>\nEvaluated at bid price : 20.15<br \/>\nBid-YTW : 5.65 %<\/td>\n<\/tr>\n<tr>\n<td>GWO.PR.T<\/td>\n<td>Insurance Straight<\/td>\n<td>-1.27 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2056-07-16<br \/>\nMaturity Price  : 22.98<br \/>\nEvaluated at bid price : 23.25<br \/>\nBid-YTW : 5.58 %<\/td>\n<\/tr>\n<tr>\n<td>ENB.PF.K<\/td>\n<td>FixedReset Prem<\/td>\n<td>-1.02 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Call<br \/>\nMaturity Date\t: 2028-03-01<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 26.31<br \/>\nBid-YTW : 3.39 %<\/td>\n<\/tr>\n<tr>\n<td>SLF.PR.G<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>1.00 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2056-07-16<br \/>\nMaturity Price  : 21.21<br \/>\nEvaluated at bid price : 21.21<br \/>\nBid-YTW : 5.31 %<\/td>\n<\/tr>\n<tr>\n<td>PWF.PR.K<\/td>\n<td>Perpetual-Discount<\/td>\n<td>4.93 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2056-07-16<br \/>\nMaturity Price  : 22.06<br \/>\nEvaluated at bid price : 22.35<br \/>\nBid-YTW : 5.54 %<\/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>ENB.PR.Y<\/td>\n<td>FixedReset Disc<\/td>\n<td>123,300<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2056-07-16<br \/>\nMaturity Price  : 22.63<br \/>\nEvaluated at bid price : 23.36<br \/>\nBid-YTW : 5.90 %<\/td>\n<\/tr>\n<tr>\n<td>BN.PF.I<\/td>\n<td>FixedReset Prem<\/td>\n<td>77,500<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Call<br \/>\nMaturity Date\t: 2027-03-31<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 25.36<br \/>\nBid-YTW : 3.67 %<\/td>\n<\/tr>\n<tr>\n<td>BN.PF.G<\/td>\n<td>FixedReset Prem<\/td>\n<td>51,100<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Call<br \/>\nMaturity Date\t: 2030-07-01<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 25.19<br \/>\nBid-YTW : 5.55 %<\/td>\n<\/tr>\n<tr>\n<td>BN.PF.A<\/td>\n<td>FixedReset Prem<\/td>\n<td>50,300<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Call<br \/>\nMaturity Date\t: 2028-09-30<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 25.98<br \/>\nBid-YTW : 5.02 %<\/td>\n<\/tr>\n<tr>\n<td>BMO.PR.E<\/td>\n<td>FixedReset Prem<\/td>\n<td>40,674<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Call<br \/>\nMaturity Date\t: 2028-11-25<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 27.03<br \/>\nBid-YTW : 3.65 %<\/td>\n<\/tr>\n<tr>\n<td>ENB.PR.P<\/td>\n<td>FixedReset Disc<\/td>\n<td>31,892<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2056-07-16<br \/>\nMaturity Price  : 23.37<br \/>\nEvaluated at bid price : 24.80<br \/>\nBid-YTW : 5.74 %<\/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>BN.PR.R<\/td>\n<td>FixedReset Disc<\/td>\n<td>Quote: 22.86 &#8211; 24.24<br \/>\nSpot Rate  :  1.3800<br \/>\nAverage  :  1.0721<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2056-07-16<br \/>\nMaturity Price  : 22.20<br \/>\nEvaluated at bid price : 22.86<br \/>\nBid-YTW : 5.97 %<\/td>\n<\/tr>\n<tr>\n<td>IFC.PR.K<\/td>\n<td>Insurance Straight<\/td>\n<td>Quote: 24.16 &#8211; 25.10<br \/>\nSpot Rate  :  0.9400<br \/>\nAverage  :  0.6467<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2056-07-16<br \/>\nMaturity Price  : 23.69<br \/>\nEvaluated at bid price : 24.16<br \/>\nBid-YTW : 5.46 %<\/td>\n<\/tr>\n<tr>\n<td>ENB.PR.B<\/td>\n<td>FixedReset Disc<\/td>\n<td>Quote: 23.20 &#8211; 24.50<br \/>\nSpot Rate  :  1.3000<br \/>\nAverage  :  1.0234<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2056-07-16<br \/>\nMaturity Price  : 22.63<br \/>\nEvaluated at bid price : 23.20<br \/>\nBid-YTW : 6.00 %<\/td>\n<\/tr>\n<tr>\n<td>ENB.PR.F<\/td>\n<td>FixedReset Disc<\/td>\n<td>Quote: 24.39 &#8211; 24.95<br \/>\nSpot Rate  :  0.5600<br \/>\nAverage  :  0.3579<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2056-07-16<br \/>\nMaturity Price  : 23.37<br \/>\nEvaluated at bid price : 24.39<br \/>\nBid-YTW : 5.81 %<\/td>\n<\/tr>\n<tr>\n<td>MFC.PR.F<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>Quote: 21.00 &#8211; 21.71<br \/>\nSpot Rate  :  0.7100<br \/>\nAverage  :  0.5163<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2056-07-16<br \/>\nMaturity Price  : 21.00<br \/>\nEvaluated at bid price : 21.00<br \/>\nBid-YTW : 5.50 %<\/td>\n<\/tr>\n<tr>\n<td>BN.PR.Z<\/td>\n<td>FixedReset Prem<\/td>\n<td>Quote: 25.47 &#8211; 26.47<br \/>\nSpot Rate  :  1.0000<br \/>\nAverage  :  0.8107<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Call<br \/>\nMaturity Date\t: 2027-12-31<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 25.47<br \/>\nBid-YTW : 4.95 %<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>The TXPR price index set another 52-week high today of 714.53, just barely edging the old mark of 714.52 set yesterday. HIMIPref&trade; Preferred IndicesThese values reflect the December 2008 revision of the HIMIPref&trade; IndicesValues are &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-52194","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/52194","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=52194"}],"version-history":[{"count":2,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/52194\/revisions"}],"predecessor-version":[{"id":52196,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/52194\/revisions\/52196"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=52194"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=52194"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=52194"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}