{"id":52203,"date":"2026-07-17T21:53:57","date_gmt":"2026-07-18T01:53:57","guid":{"rendered":"https:\/\/prefblog.com\/?p=52203"},"modified":"2026-07-17T21:53:57","modified_gmt":"2026-07-18T01:53:57","slug":"july-17-2026","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=52203","title":{"rendered":"July 17, 2026"},"content":{"rendered":"
<\/a><\/div>\n

There was a big pop at the close for the TXPR price index due to<\/a>…:<\/p>\n

Rebalancing<\/b><\/p>\n

Index membership is reviewed quarterly. Rebalancing occurs after the close on the third Friday of January, April, July, and October.<\/p><\/blockquote>\n

The TXPR price index set a new 52-week high of 722.55, smashing the old mark of 714.53 set yesterday. Volume was 2.79-million, more than double that of the second-highest volume of the past 20 trading days. <\/p>\n

CPD matched its 52-week high of 14.27 set yesterday, on volume of 55,070 (consolidated: 2.57-million), above the median of the past 20 trading days.<\/p>\n

ZPR set a new 52-week high of 13.03, beating the old mark of 13.00 set yesterday, on volume of 171,410 (consolidated: 485,870) highest by far of the past 20 trading days.<\/p>\n\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-0.1404 %<\/td>\n2,640.9<\/td>\n<\/tr>\n
FixedFloater<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.1404 %<\/td>\n4,973.2<\/td>\n<\/tr>\n
Floater<\/td>\n5.47 %<\/td>\n5.60 %<\/td>\n38,385<\/td>\n14.53<\/td>\n3<\/td>\n-0.1404 %<\/td>\n2,866.1<\/td>\n<\/tr>\n
OpRet<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.0635 %<\/td>\n3,633.0<\/td>\n<\/tr>\n
SplitShare<\/td>\n4.80 %<\/td>\n4.91 %<\/td>\n63,689<\/td>\n2.67<\/td>\n5<\/td>\n0.0635 %<\/td>\n4,338.6<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.0635 %<\/td>\n3,385.2<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.68 %<\/td>\n-4.18 %<\/td>\n60,557<\/td>\n0.09<\/td>\n7<\/td>\n0.1468 %<\/td>\n3,083.1<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n5.53 %<\/td>\n5.58 %<\/td>\n43,251<\/td>\n14.53<\/td>\n27<\/td>\n0.1239 %<\/td>\n3,412.2<\/td>\n<\/tr>\n
FixedReset Disc<\/td>\n5.62 %<\/td>\n5.79 %<\/td>\n100,741<\/td>\n14.06<\/td>\n19<\/td>\n0.4058 %<\/td>\n3,383.3<\/td>\n<\/tr>\n
Insurance Straight<\/td>\n5.43 %<\/td>\n5.48 %<\/td>\n47,625<\/td>\n14.62<\/td>\n20<\/td>\n-0.2521 %<\/td>\n3,313.3<\/td>\n<\/tr>\n
FloatingReset<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.4058 %<\/td>\n4,131.1<\/td>\n<\/tr>\n
FixedReset Prem<\/td>\n5.90 %<\/td>\n4.49 %<\/td>\n83,213<\/td>\n2.17<\/td>\n29<\/td>\n-0.0266 %<\/td>\n2,663.3<\/td>\n<\/tr>\n
FixedReset Bank Non<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.4058 %<\/td>\n3,458.4<\/td>\n<\/tr>\n
FixedReset Ins Non<\/td>\n5.26 %<\/td>\n5.28 %<\/td>\n56,186<\/td>\n14.41<\/td>\n14<\/td>\n-0.3359 %<\/td>\n3,246.5<\/td>\n<\/tr>\n<\/table>\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
GWO.PR.G<\/td>\nInsurance Straight<\/td>\n-6.30 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-07-17
\nMaturity Price : 22.19
\nEvaluated at bid price : 22.47
\nBid-YTW : 5.83 %<\/td>\n<\/tr>\n
SLF.PR.G<\/td>\nFixedReset Ins Non<\/td>\n-4.53 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-07-17
\nMaturity Price : 20.25
\nEvaluated at bid price : 20.25
\nBid-YTW : 5.57 %<\/td>\n<\/tr>\n
IFC.PR.I<\/td>\nInsurance Straight<\/td>\n-1.98 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-07-17
\nMaturity Price : 24.28
\nEvaluated at bid price : 24.80
\nBid-YTW : 5.47 %<\/td>\n<\/tr>\n
ENB.PF.E<\/td>\nFixedReset Disc<\/td>\n-1.73 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-07-17
\nMaturity Price : 22.81
\nEvaluated at bid price : 23.88
\nBid-YTW : 6.00 %<\/td>\n<\/tr>\n
MFC.PR.J<\/td>\nFixedReset Ins Non<\/td>\n-1.20 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2028-03-19
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.59
\nBid-YTW : 5.01 %<\/td>\n<\/tr>\n
IFC.PR.A<\/td>\nFixedReset Ins Non<\/td>\n-1.07 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-07-17
\nMaturity Price : 22.63
\nEvaluated at bid price : 23.05
\nBid-YTW : 5.28 %<\/td>\n<\/tr>\n
GWO.PR.H<\/td>\nInsurance Straight<\/td>\n1.10 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-07-17
\nMaturity Price : 21.80
\nEvaluated at bid price : 22.04
\nBid-YTW : 5.54 %<\/td>\n<\/tr>\n
MFC.PR.F<\/td>\nFixedReset Ins Non<\/td>\n1.76 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-07-17
\nMaturity Price : 21.37
\nEvaluated at bid price : 21.37
\nBid-YTW : 5.41 %<\/td>\n<\/tr>\n
ENB.PF.C<\/td>\nFixedReset Disc<\/td>\n1.78 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-07-17
\nMaturity Price : 22.90
\nEvaluated at bid price : 24.02
\nBid-YTW : 5.97 %<\/td>\n<\/tr>\n
GWO.PR.Q<\/td>\nInsurance Straight<\/td>\n2.04 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-07-17
\nMaturity Price : 22.72
\nEvaluated at bid price : 23.01
\nBid-YTW : 5.64 %<\/td>\n<\/tr>\n
MIC.PR.A<\/td>\nPerpetual-Discount<\/td>\n2.17 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-07-17
\nMaturity Price : 23.24
\nEvaluated at bid price : 23.50
\nBid-YTW : 5.79 %<\/td>\n<\/tr>\n
BN.PR.X<\/td>\nFixedReset Disc<\/td>\n2.36 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-07-17
\nMaturity Price : 21.39
\nEvaluated at bid price : 21.70
\nBid-YTW : 5.69 %<\/td>\n<\/tr>\n
ENB.PR.B<\/td>\nFixedReset Disc<\/td>\n3.02 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-07-17
\nMaturity Price : 23.31
\nEvaluated at bid price : 23.90
\nBid-YTW : 5.82 %<\/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
CU.PR.J<\/td>\nPerpetual-Discount<\/td>\n301,748<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-07-17
\nMaturity Price : 21.62
\nEvaluated at bid price : 21.62
\nBid-YTW : 5.58 %<\/td>\n<\/tr>\n
GWO.PF.A<\/td>\nPerpetual-Premium<\/td>\n297,469<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2035-06-30
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.20
\nBid-YTW : 5.68 %<\/td>\n<\/tr>\n
BN.PF.A<\/td>\nFixedReset Prem<\/td>\n83,117<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2028-09-30
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.88
\nBid-YTW : 5.22 %<\/td>\n<\/tr>\n
BN.PF.G<\/td>\nFixedReset Prem<\/td>\n76,453<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2030-07-01
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.29
\nBid-YTW : 5.44 %<\/td>\n<\/tr>\n
PWF.PR.S<\/td>\nPerpetual-Discount<\/td>\n38,080<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-07-17
\nMaturity Price : 21.42
\nEvaluated at bid price : 21.68
\nBid-YTW : 5.54 %<\/td>\n<\/tr>\n
PWF.PR.F<\/td>\nPerpetual-Discount<\/td>\n33,341<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-07-17
\nMaturity Price : 23.12
\nEvaluated at bid price : 23.38
\nBid-YTW : 5.62 %<\/td>\n<\/tr>\n
There were 43 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.K<\/td>\nPerpetual-Discount<\/td>\nQuote: 22.24 – 24.75
\nSpot Rate : 2.5100
\nAverage : 1.5335<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-07-17
\nMaturity Price : 22.01
\nEvaluated at bid price : 22.24
\nBid-YTW : 5.57 %<\/td>\n<\/tr>\n

GWO.PR.G<\/td>\nInsurance Straight<\/td>\nQuote: 22.47 – 24.80
\nSpot Rate : 2.3300
\nAverage : 1.3765<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-07-17
\nMaturity Price : 22.19
\nEvaluated at bid price : 22.47
\nBid-YTW : 5.83 %<\/td>\n<\/tr>\n

BN.PR.N<\/td>\nPerpetual-Discount<\/td>\nQuote: 21.21 – 23.00
\nSpot Rate : 1.7900
\nAverage : 0.9998<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-07-17
\nMaturity Price : 21.21
\nEvaluated at bid price : 21.21
\nBid-YTW : 5.66 %<\/td>\n<\/tr>\n

SLF.PR.G<\/td>\nFixedReset Ins Non<\/td>\nQuote: 20.25 – 21.70
\nSpot Rate : 1.4500
\nAverage : 0.9286<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-07-17
\nMaturity Price : 20.25
\nEvaluated at bid price : 20.25
\nBid-YTW : 5.57 %<\/td>\n<\/tr>\n

BN.PF.D<\/td>\nPerpetual-Discount<\/td>\nQuote: 21.75 – 22.88
\nSpot Rate : 1.1300
\nAverage : 0.6645<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-07-17
\nMaturity Price : 21.49
\nEvaluated at bid price : 21.75
\nBid-YTW : 5.67 %<\/td>\n<\/tr>\n

MFC.PR.M<\/td>\nFixedReset Ins Non<\/td>\nQuote: 25.23 – 26.35
\nSpot Rate : 1.1200
\nAverage : 0.6617<\/p>\n

YTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2029-12-20
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.23
\nBid-YTW : 5.41 %<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

There was a big pop at the close for the TXPR price index due to…: Rebalancing Index membership is reviewed quarterly. Rebalancing occurs after the close on the third Friday of January, April, July, and …<\/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-52203","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/52203","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=52203"}],"version-history":[{"count":1,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/52203\/revisions"}],"predecessor-version":[{"id":52205,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/52203\/revisions\/52205"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=52203"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=52203"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=52203"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}