{"id":52245,"date":"2026-07-22T23:44:41","date_gmt":"2026-07-23T03:44:41","guid":{"rendered":"https:\/\/prefblog.com\/?p=52245"},"modified":"2026-07-22T23:44:41","modified_gmt":"2026-07-23T03:44:41","slug":"july-22-2026","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=52245","title":{"rendered":"July 22, 2026"},"content":{"rendered":"

Here’s a shout-out to the New Orleans Seafood and Steakhouse<\/a> where I had a friendly dinner tonight. This one’s going on my list, for sure!<\/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-0.3740 %<\/td>\n2,636.5<\/td>\n<\/tr>\n
FixedFloater<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.3740 %<\/td>\n4,965.0<\/td>\n<\/tr>\n
Floater<\/td>\n5.48 %<\/td>\n5.60 %<\/td>\n37,552<\/td>\n14.52<\/td>\n3<\/td>\n-0.3740 %<\/td>\n2,861.4<\/td>\n<\/tr>\n
OpRet<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.0793 %<\/td>\n3,632.2<\/td>\n<\/tr>\n
SplitShare<\/td>\n4.80 %<\/td>\n4.99 %<\/td>\n63,379<\/td>\n2.65<\/td>\n5<\/td>\n0.0793 %<\/td>\n4,337.6<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.0793 %<\/td>\n3,384.4<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.67 %<\/td>\n-7.94 %<\/td>\n57,094<\/td>\n0.09<\/td>\n7<\/td>\n0.1464 %<\/td>\n3,090.9<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n5.50 %<\/td>\n5.54 %<\/td>\n42,668<\/td>\n14.60<\/td>\n27<\/td>\n0.2560 %<\/td>\n3,435.5<\/td>\n<\/tr>\n
FixedReset Disc<\/td>\n5.59 %<\/td>\n5.80 %<\/td>\n103,271<\/td>\n14.02<\/td>\n19<\/td>\n0.0243 %<\/td>\n3,401.6<\/td>\n<\/tr>\n
Insurance Straight<\/td>\n5.37 %<\/td>\n5.44 %<\/td>\n48,389<\/td>\n14.71<\/td>\n20<\/td>\n0.0712 %<\/td>\n3,348.2<\/td>\n<\/tr>\n
FloatingReset<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.0243 %<\/td>\n4,153.4<\/td>\n<\/tr>\n
FixedReset Prem<\/td>\n5.88 %<\/td>\n4.36 %<\/td>\n79,164<\/td>\n2.16<\/td>\n29<\/td>\n0.1488 %<\/td>\n2,673.7<\/td>\n<\/tr>\n
FixedReset Bank Non<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.0243 %<\/td>\n3,477.1<\/td>\n<\/tr>\n
FixedReset Ins Non<\/td>\n5.23 %<\/td>\n5.04 %<\/td>\n55,140<\/td>\n3.09<\/td>\n14<\/td>\n0.0794 %<\/td>\n3,265.7<\/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
Performance Highlights<\/strong><\/td>\n<\/tr>\n
Issue<\/td>\nIndex<\/td>\nChange<\/td>\nNotes<\/td>\n<\/tr>\n
ENB.PF.E<\/td>\nFixedReset Disc<\/td>\n-4.24 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-07-22
\nMaturity Price : 22.61
\nEvaluated at bid price : 23.46
\nBid-YTW : 6.17 %<\/td>\n<\/tr>\n
MFC.PR.K<\/td>\nFixedReset Ins Non<\/td>\n-2.29 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-07-22
\nMaturity Price : 23.74
\nEvaluated at bid price : 25.60
\nBid-YTW : 5.37 %<\/td>\n<\/tr>\n
MFC.PR.B<\/td>\nInsurance Straight<\/td>\n-1.42 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-07-22
\nMaturity Price : 22.69
\nEvaluated at bid price : 22.93
\nBid-YTW : 5.12 %<\/td>\n<\/tr>\n
PWF.PR.A<\/td>\nFloater<\/td>\n-1.09 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-07-22
\nMaturity Price : 14.50
\nEvaluated at bid price : 14.50
\nBid-YTW : 5.47 %<\/td>\n<\/tr>\n
ELF.PR.H<\/td>\nPerpetual-Discount<\/td>\n1.03 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-07-22
\nMaturity Price : 24.21
\nEvaluated at bid price : 24.50
\nBid-YTW : 5.64 %<\/td>\n<\/tr>\n
NA.PR.E<\/td>\nFixedReset Prem<\/td>\n1.15 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2028-05-15
\nMaturity Price : 25.00
\nEvaluated at bid price : 26.35
\nBid-YTW : 2.56 %<\/td>\n<\/tr>\n
BN.PR.T<\/td>\nFixedReset Disc<\/td>\n1.17 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-07-22
\nMaturity Price : 22.77
\nEvaluated at bid price : 23.42
\nBid-YTW : 5.80 %<\/td>\n<\/tr>\n
FTS.PR.F<\/td>\nPerpetual-Discount<\/td>\n1.19 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-07-22
\nMaturity Price : 23.58
\nEvaluated at bid price : 23.85
\nBid-YTW : 5.20 %<\/td>\n<\/tr>\n
BN.PF.D<\/td>\nPerpetual-Discount<\/td>\n1.20 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-07-22
\nMaturity Price : 21.70
\nEvaluated at bid price : 21.95
\nBid-YTW : 5.63 %<\/td>\n<\/tr>\n
BN.PF.A<\/td>\nFixedReset Prem<\/td>\n1.24 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2028-09-30
\nMaturity Price : 25.00
\nEvaluated at bid price : 26.20
\nBid-YTW : 4.64 %<\/td>\n<\/tr>\n
IFC.PR.F<\/td>\nInsurance Straight<\/td>\n1.24 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-07-22
\nMaturity Price : 24.20
\nEvaluated at bid price : 24.50
\nBid-YTW : 5.45 %<\/td>\n<\/tr>\n
BN.PF.M<\/td>\nFixedReset Prem<\/td>\n1.31 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2031-01-01
\nMaturity Price : 25.00
\nEvaluated at bid price : 26.20
\nBid-YTW : 4.55 %<\/td>\n<\/tr>\n
IFC.PR.K<\/td>\nInsurance Straight<\/td>\n1.37 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-07-22
\nMaturity Price : 24.01
\nEvaluated at bid price : 24.50
\nBid-YTW : 5.39 %<\/td>\n<\/tr>\n
MFC.PR.C<\/td>\nInsurance Straight<\/td>\n1.66 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-07-22
\nMaturity Price : 21.78
\nEvaluated at bid price : 22.02
\nBid-YTW : 5.16 %<\/td>\n<\/tr>\n
GWO.PR.N<\/td>\nFixedReset Ins Non<\/td>\n1.75 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-07-22
\nMaturity Price : 20.35
\nEvaluated at bid price : 20.35
\nBid-YTW : 5.43 %<\/td>\n<\/tr>\n
ENB.PR.P<\/td>\nFixedReset Disc<\/td>\n2.46 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-07-22
\nMaturity Price : 23.43
\nEvaluated at bid price : 24.95
\nBid-YTW : 5.75 %<\/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
MIC.PR.A<\/td>\nPerpetual-Discount<\/td>\n200,800<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-07-22
\nMaturity Price : 23.32
\nEvaluated at bid price : 23.70
\nBid-YTW : 5.74 %<\/td>\n<\/tr>\n
BN.PF.A<\/td>\nFixedReset Prem<\/td>\n53,800<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2028-09-30
\nMaturity Price : 25.00
\nEvaluated at bid price : 26.20
\nBid-YTW : 4.64 %<\/td>\n<\/tr>\n
CU.PR.J<\/td>\nPerpetual-Discount<\/td>\n38,500<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-07-22
\nMaturity Price : 21.66
\nEvaluated at bid price : 22.01
\nBid-YTW : 5.46 %<\/td>\n<\/tr>\n
GWO.PF.A<\/td>\nPerpetual-Premium<\/td>\n25,935<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2035-06-30
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.17
\nBid-YTW : 5.71 %<\/td>\n<\/tr>\n
PWF.PF.A<\/td>\nPerpetual-Discount<\/td>\n11,915<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-07-22
\nMaturity Price : 20.80
\nEvaluated at bid price : 20.80
\nBid-YTW : 5.44 %<\/td>\n<\/tr>\n
ENB.PF.E<\/td>\nFixedReset Disc<\/td>\n10,150<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-07-22
\nMaturity Price : 22.61
\nEvaluated at bid price : 23.46
\nBid-YTW : 6.17 %<\/td>\n<\/tr>\n
There were 0 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
NA.PR.K<\/td>\nFixedReset Prem<\/td>\nQuote: 29.00 – 30.00
\nSpot Rate : 1.0000
\nAverage : 0.6384<\/p>\n

YTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2029-05-01
\nMaturity Price : 25.00
\nEvaluated at bid price : 29.00
\nBid-YTW : 2.33 %<\/td>\n<\/tr>\n

ENB.PF.E<\/td>\nFixedReset Disc<\/td>\nQuote: 23.46 – 24.55
\nSpot Rate : 1.0900
\nAverage : 0.7671<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-07-22
\nMaturity Price : 22.61
\nEvaluated at bid price : 23.46
\nBid-YTW : 6.17 %<\/td>\n<\/tr>\n

BN.PF.C<\/td>\nPerpetual-Discount<\/td>\nQuote: 21.71 – 22.22
\nSpot Rate : 0.5100
\nAverage : 0.3228<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-07-22
\nMaturity Price : 21.45
\nEvaluated at bid price : 21.71
\nBid-YTW : 5.63 %<\/td>\n<\/tr>\n

BN.PF.G<\/td>\nFixedReset Prem<\/td>\nQuote: 25.08 – 25.59
\nSpot Rate : 0.5100
\nAverage : 0.3666<\/p>\n

YTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2030-07-01
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.08
\nBid-YTW : 5.70 %<\/td>\n<\/tr>\n

IFC.PR.I<\/td>\nInsurance Straight<\/td>\nQuote: 24.80 – 25.75
\nSpot Rate : 0.9500
\nAverage : 0.8513<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-07-22
\nMaturity Price : 24.28
\nEvaluated at bid price : 24.80
\nBid-YTW : 5.47 %<\/td>\n<\/tr>\n

FTS.PR.G<\/td>\nFixedReset Prem<\/td>\nQuote: 25.40 – 25.66
\nSpot Rate : 0.2600
\nAverage : 0.1665<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-07-22
\nMaturity Price : 23.69
\nEvaluated at bid price : 25.40
\nBid-YTW : 5.33 %<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Here’s a shout-out to the New Orleans Seafood and Steakhouse where I had a friendly dinner tonight. This one’s going on my list, for sure! HIMIPref™ Preferred IndicesThese values reflect the December 2008 revision of …<\/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-52245","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/52245","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=52245"}],"version-history":[{"count":1,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/52245\/revisions"}],"predecessor-version":[{"id":52246,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/52245\/revisions\/52246"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=52245"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=52245"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=52245"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}