{"id":52795,"date":"2026-11-04T20:03:16","date_gmt":"2026-11-05T01:03:16","guid":{"rendered":"https:\/\/prefblog.com\/?p=52795"},"modified":"2026-11-04T20:03:16","modified_gmt":"2026-11-05T01:03:16","slug":"november-4-2026","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=52795","title":{"rendered":"November 4, 2026"},"content":{"rendered":"<p>I&#8217;ve gotta say, the mid-terms did not disappoint!<\/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>0.0000 %<\/td>\n<td>2,760.3<\/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>0.0000 %<\/td>\n<td>5,198.1<\/td>\n<\/tr>\n<tr>\n<td>Floater<\/td>\n<td>5.61 %<\/td>\n<td>5.69 %<\/td>\n<td>45,853<\/td>\n<td>14.35<\/td>\n<td>1<\/td>\n<td>0.0000 %<\/td>\n<td>2,995.7<\/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>0.0199 %<\/td>\n<td>3,622.9<\/td>\n<\/tr>\n<tr>\n<td>SplitShare<\/td>\n<td>4.90 %<\/td>\n<td>5.35 %<\/td>\n<td>56,247<\/td>\n<td>3.26<\/td>\n<td>6<\/td>\n<td>0.0199 %<\/td>\n<td>4,326.5<\/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>0.0199 %<\/td>\n<td>3,375.7<\/td>\n<\/tr>\n<tr>\n<td>Perpetual-Premium<\/td>\n<td>5.77 %<\/td>\n<td>2.36 %<\/td>\n<td>44,010<\/td>\n<td>0.08<\/td>\n<td>1<\/td>\n<td>1.6162 %<\/td>\n<td>3,044.1<\/td>\n<\/tr>\n<tr>\n<td>Perpetual-Discount<\/td>\n<td>5.73 %<\/td>\n<td>5.80 %<\/td>\n<td>44,973<\/td>\n<td>14.14<\/td>\n<td>33<\/td>\n<td>0.1755 %<\/td>\n<td>3,289.5<\/td>\n<\/tr>\n<tr>\n<td>FixedReset Disc<\/td>\n<td>5.79 %<\/td>\n<td>6.23 %<\/td>\n<td>90,379<\/td>\n<td>13.37<\/td>\n<td>22<\/td>\n<td>-0.6994 %<\/td>\n<td>3,303.2<\/td>\n<\/tr>\n<tr>\n<td>Insurance Straight<\/td>\n<td>5.68 %<\/td>\n<td>5.77 %<\/td>\n<td>56,385<\/td>\n<td>14.20<\/td>\n<td>20<\/td>\n<td>-0.0204 %<\/td>\n<td>3,168.9<\/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>-0.6994 %<\/td>\n<td>4,033.2<\/td>\n<\/tr>\n<tr>\n<td>FixedReset Prem<\/td>\n<td>6.00 %<\/td>\n<td>5.13 %<\/td>\n<td>72,833<\/td>\n<td>1.99<\/td>\n<td>28<\/td>\n<td>0.1137 %<\/td>\n<td>2,611.6<\/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>-0.6994 %<\/td>\n<td>3,376.5<\/td>\n<\/tr>\n<tr>\n<td>FixedReset Ins Non<\/td>\n<td>5.64 %<\/td>\n<td>5.73 %<\/td>\n<td>46,549<\/td>\n<td>14.03<\/td>\n<td>13<\/td>\n<td>0.0836 %<\/td>\n<td>3,230.3<\/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.PF.G<\/td>\n<td>FixedReset Disc<\/td>\n<td>-28.92 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2056-11-04<br \/>\nMaturity Price  : 17.70<br \/>\nEvaluated at bid price : 17.70<br \/>\nBid-YTW : 8.83 %<\/td>\n<\/tr>\n<tr>\n<td>CU.PR.D<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-7.46 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2056-11-04<br \/>\nMaturity Price  : 21.10<br \/>\nEvaluated at bid price : 21.10<br \/>\nBid-YTW : 5.92 %<\/td>\n<\/tr>\n<tr>\n<td>GWO.PR.S<\/td>\n<td>Insurance Straight<\/td>\n<td>-4.82 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2056-11-04<br \/>\nMaturity Price  : 21.51<br \/>\nEvaluated at bid price : 21.51<br \/>\nBid-YTW : 6.19 %<\/td>\n<\/tr>\n<tr>\n<td>IFC.PR.A<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>-3.55 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2056-11-04<br \/>\nMaturity Price  : 21.99<br \/>\nEvaluated at bid price : 22.58<br \/>\nBid-YTW : 5.78 %<\/td>\n<\/tr>\n<tr>\n<td>ENB.PF.C<\/td>\n<td>FixedReset Disc<\/td>\n<td>-2.95 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2056-11-04<br \/>\nMaturity Price  : 22.40<br \/>\nEvaluated at bid price : 23.00<br \/>\nBid-YTW : 6.61 %<\/td>\n<\/tr>\n<tr>\n<td>CU.PR.F<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-2.40 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2056-11-04<br \/>\nMaturity Price  : 20.30<br \/>\nEvaluated at bid price : 20.30<br \/>\nBid-YTW : 5.65 %<\/td>\n<\/tr>\n<tr>\n<td>BN.PF.M<\/td>\n<td>FixedReset Prem<\/td>\n<td>1.03 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Call<br \/>\nMaturity Date\t: 2031-01-01<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 25.61<br \/>\nBid-YTW : 5.17 %<\/td>\n<\/tr>\n<tr>\n<td>PWF.PR.R<\/td>\n<td>Perpetual-Discount<\/td>\n<td>1.24 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2056-11-04<br \/>\nMaturity Price  : 23.31<br \/>\nEvaluated at bid price : 23.59<br \/>\nBid-YTW : 5.86 %<\/td>\n<\/tr>\n<tr>\n<td>GWO.PR.N<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>1.25 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2056-11-04<br \/>\nMaturity Price  : 20.25<br \/>\nEvaluated at bid price : 20.25<br \/>\nBid-YTW : 5.77 %<\/td>\n<\/tr>\n<tr>\n<td>FTS.PR.F<\/td>\n<td>Perpetual-Discount<\/td>\n<td>1.34 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2056-11-04<br \/>\nMaturity Price  : 22.48<br \/>\nEvaluated at bid price : 22.74<br \/>\nBid-YTW : 5.47 %<\/td>\n<\/tr>\n<tr>\n<td>PWF.PR.L<\/td>\n<td>Perpetual-Discount<\/td>\n<td>1.34 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2056-11-04<br \/>\nMaturity Price  : 21.71<br \/>\nEvaluated at bid price : 21.96<br \/>\nBid-YTW : 5.84 %<\/td>\n<\/tr>\n<tr>\n<td>SLF.PR.G<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>1.45 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2056-11-04<br \/>\nMaturity Price  : 21.00<br \/>\nEvaluated at bid price : 21.00<br \/>\nBid-YTW : 5.73 %<\/td>\n<\/tr>\n<tr>\n<td>POW.PR.C<\/td>\n<td>Perpetual-Premium<\/td>\n<td>1.62 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Call<br \/>\nMaturity Date\t: 2026-12-04<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 25.15<br \/>\nBid-YTW : 2.36 %<\/td>\n<\/tr>\n<tr>\n<td>GWO.PR.R<\/td>\n<td>Insurance Straight<\/td>\n<td>3.34 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2056-11-04<br \/>\nMaturity Price  : 21.03<br \/>\nEvaluated at bid price : 21.03<br \/>\nBid-YTW : 5.79 %<\/td>\n<\/tr>\n<tr>\n<td>FTS.PR.J<\/td>\n<td>Perpetual-Discount<\/td>\n<td>5.45 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2056-11-04<br \/>\nMaturity Price  : 22.01<br \/>\nEvaluated at bid price : 22.25<br \/>\nBid-YTW : 5.42 %<\/td>\n<\/tr>\n<tr>\n<td>BN.PR.T<\/td>\n<td>FixedReset Disc<\/td>\n<td>18.25 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2056-11-04<br \/>\nMaturity Price  : 22.84<br \/>\nEvaluated at bid price : 23.65<br \/>\nBid-YTW : 6.10 %<\/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.PF.N<\/td>\n<td>FixedReset Disc<\/td>\n<td>89,897<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Call<br \/>\nMaturity Date\t: 2032-01-01<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 24.92<br \/>\nBid-YTW : 5.56 %<\/td>\n<\/tr>\n<tr>\n<td>FTS.PR.M<\/td>\n<td>FixedReset Prem<\/td>\n<td>31,231<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Call<br \/>\nMaturity Date\t: 2029-12-01<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 25.35<br \/>\nBid-YTW : 5.37 %<\/td>\n<\/tr>\n<tr>\n<td>FTS.PR.K<\/td>\n<td>FixedReset Disc<\/td>\n<td>23,800<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2056-11-04<br \/>\nMaturity Price  : 23.35<br \/>\nEvaluated at bid price : 24.59<br \/>\nBid-YTW : 5.66 %<\/td>\n<\/tr>\n<tr>\n<td>PVS.PR.N<\/td>\n<td>SplitShare<\/td>\n<td>16,600<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Hard Maturity<br \/>\nMaturity Date\t: 2033-09-29<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 25.04<br \/>\nBid-YTW : 5.34 %<\/td>\n<\/tr>\n<tr>\n<td>ENB.PR.T<\/td>\n<td>FixedReset Disc<\/td>\n<td>12,400<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2056-11-04<br \/>\nMaturity Price  : 23.45<br \/>\nEvaluated at bid price : 24.98<br \/>\nBid-YTW : 6.10 %<\/td>\n<\/tr>\n<tr>\n<td colspan='4'>There were 0 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.PF.G<\/td>\n<td>FixedReset Disc<\/td>\n<td>Quote: 17.70 &#8211; 25.08<br \/>\nSpot Rate  :  7.3800<br \/>\nAverage  :  3.9598<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2056-11-04<br \/>\nMaturity Price  : 17.70<br \/>\nEvaluated at bid price : 17.70<br \/>\nBid-YTW : 8.83 %<\/td>\n<\/tr>\n<tr>\n<td>GWO.PR.S<\/td>\n<td>Insurance Straight<\/td>\n<td>Quote: 21.51 &#8211; 24.90<br \/>\nSpot Rate  :  3.3900<br \/>\nAverage  :  2.6480<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2056-11-04<br \/>\nMaturity Price  : 21.51<br \/>\nEvaluated at bid price : 21.51<br \/>\nBid-YTW : 6.19 %<\/td>\n<\/tr>\n<tr>\n<td>CU.PR.D<\/td>\n<td>Perpetual-Discount<\/td>\n<td>Quote: 21.10 &#8211; 22.99<br \/>\nSpot Rate  :  1.8900<br \/>\nAverage  :  1.3719<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2056-11-04<br \/>\nMaturity Price  : 21.10<br \/>\nEvaluated at bid price : 21.10<br \/>\nBid-YTW : 5.92 %<\/td>\n<\/tr>\n<tr>\n<td>GWO.PR.L<\/td>\n<td>Insurance Straight<\/td>\n<td>Quote: 24.38 &#8211; 25.37<br \/>\nSpot Rate  :  0.9900<br \/>\nAverage  :  0.5803<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2056-11-04<br \/>\nMaturity Price  : 24.13<br \/>\nEvaluated at bid price : 24.38<br \/>\nBid-YTW : 5.86 %<\/td>\n<\/tr>\n<tr>\n<td>ENB.PF.C<\/td>\n<td>FixedReset Disc<\/td>\n<td>Quote: 23.00 &#8211; 23.85<br \/>\nSpot Rate  :  0.8500<br \/>\nAverage  :  0.5146<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2056-11-04<br \/>\nMaturity Price  : 22.40<br \/>\nEvaluated at bid price : 23.00<br \/>\nBid-YTW : 6.61 %<\/td>\n<\/tr>\n<tr>\n<td>IFC.PR.A<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>Quote: 22.58 &#8211; 23.58<br \/>\nSpot Rate  :  1.0000<br \/>\nAverage  :  0.6849<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2056-11-04<br \/>\nMaturity Price  : 21.99<br \/>\nEvaluated at bid price : 22.58<br \/>\nBid-YTW : 5.78 %<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>I&#8217;ve gotta say, the mid-terms did not disappoint! HIMIPref&trade; Preferred IndicesThese values reflect the December 2008 revision of the HIMIPref&trade; IndicesValues are provisional and are finalized monthly Index MeanCurrentYield(at bid) MedianYTW MedianAverageTradingValue MedianMod Dur(YTW) Issues &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-52795","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/52795","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=52795"}],"version-history":[{"count":1,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/52795\/revisions"}],"predecessor-version":[{"id":52796,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/52795\/revisions\/52796"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=52795"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=52795"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=52795"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}