{"id":135,"date":"2006-09-28T21:33:08","date_gmt":"2006-09-29T01:33:08","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=135"},"modified":"2006-09-28T21:33:08","modified_gmt":"2006-09-29T01:33:08","slug":"september-28-2006","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=135","title":{"rendered":"September 28, 2006"},"content":{"rendered":"\n\n\n\n\n\n\n\n\n\n\n\n
Note that these indices are experimental; the absolute and relative daily values are expected to change in the final version<\/strong><\/td>\n<\/tr>\n
Index<\/td>\nMean Current Yield (at bid)<\/td>\nMean YTW<\/td>\nMean Average Trading Value<\/td>\nMean Mod Dur (YTW)<\/td>\nIssues<\/td>\nDay’s Perf.<\/td>\nIndex Value<\/td>\n<\/tr>\n
Ratchet<\/td>\n4.33%<\/td>\n4.34%<\/td>\n50,761<\/td>\n16.79<\/td>\n1<\/td>\n0.6048%<\/td>\n1,018.7<\/td>\n<\/tr>\n
Fixed-Floater<\/td>\n4.91%<\/td>\n3.90%<\/td>\n263,184<\/td>\n9.00<\/td>\n6<\/td>\n0.1844%<\/td>\n1,014.9<\/td>\n<\/tr>\n
Floater<\/td>\n4.62%<\/td>\n-18.77%<\/td>\n98,080<\/td>\n8.13<\/td>\n4<\/td>\n0.0100%<\/td>\n1,018.8<\/td>\n<\/tr>\n
Op. Retract<\/td>\n4.68%<\/td>\n2.11%<\/td>\n85,380<\/td>\n2.11<\/td>\n18<\/td>\n0.0902%<\/td>\n1,017.4<\/td>\n<\/tr>\n
Split-Share<\/td>\n4.98%<\/td>\n2.98%<\/td>\n60,740<\/td>\n2.67<\/td>\n10<\/td>\n-0.0723%<\/td>\n1,015.1<\/td>\n<\/tr>\n
Interest Bearing<\/td>\n6.88%<\/td>\n4.45%<\/td>\n55,267<\/td>\n1.83<\/td>\n7<\/td>\n-0.0915%<\/td>\n1,024.4<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.15%<\/td>\n3.92%<\/td>\n175,684<\/td>\n4.33<\/td>\n48<\/td>\n0.0310%*<\/td>\n1,027.7*<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n4.58%<\/td>\n4.60%<\/td>\n331,283<\/td>\n16.24<\/td>\n6<\/td>\n0.0403%<\/td>\n1,039.9<\/td>\n<\/tr>\n
* Corrected due to error on ELF.PR.F<\/em><\/td>\n<\/tr>\n<\/table>\n\n\n\n\n\n
Major Price Changes<\/strong><\/td>\n<\/tr>\n
Issue<\/td>\nIndex<\/td>\nChange<\/td>\nNotes<\/td>\n<\/tr>\n
ELF.PR.F<\/td>\nPerpetualPremium<\/td>\n-1.3268%<\/td>\nVolume of 4,750 shares. Perhaps this price move is a result of the new issue<\/a>? This issue now has a pre-tax YTW of 4.82%, based on a bid price of 26.03 and a call in 2013. They still look expensive to me. Note added 2006-09-29<\/strong> : Mea Culpa. They went ex-dividend on 9\/28, not 9\/29 as I had originally recorded. So:\u00a0the 9\/28\u00a0total return wasn’t as exciting as first thought … but that just makes them more expensive<\/td>\n<\/tr>\n
ACO.PR.A<\/td>\nOpRet<\/td>\n+2.3542%<\/td>\nVaults 3 places in the rankings to become the highest priced Operating Retractible! At the bid of $28.26, it has a pre-tax YTW of 1.78% based on a call in December 2008, but will have achieved 3.11% if it survives ’til its ‘Soft Maturity’ in 2011.<\/td>\n<\/tr>\n<\/table>\n\n\n\n\n\n\n\n\n
Volume Highlights<\/strong><\/td>\n<\/tr>\n
Issue<\/td>\nIndex<\/td>\nVolume<\/td>\nNotes<\/td>\n<\/tr>\n
ACO.PR.A<\/td>\nOpRet<\/td>\n550,790<\/td>\nDesjardins bought 275,000 from ‘Anonymous’ at $28.10, then crossed 275,000 at $28.13 a minute (or so) later.<\/td>\n<\/tr>\n
FTS.PR.F<\/td>\nScraps<\/td>\n152,035<\/td>\nSure, it’s only rated Pfd-3(high), but it’s its first day of trading<\/a>, after all! Every issue should have one day in the sun!<\/td>\n<\/tr>\n
BC.PR.C<\/td>\nFixedFloater<\/td>\n64,427<\/td>\n\u00a0<\/td>\n<\/tr>\n
MFC.PR.C<\/td>\nPerpetualDiscount<\/td>\n34,700<\/td>\n\u00a0<\/td>\n<\/tr>\n
FTN.PR.A<\/td>\nSplitShare<\/td>\n29,900<\/td>\nAnonymous bought 10,000 from Nesbitt at $10.50. Closed at $10.42-49<\/td>\n<\/tr>\n<\/table>\n

There were fourteen other index-included issues trading over 10,000 shares today.<\/p>\n","protected":false},"excerpt":{"rendered":"

Note that these indices are experimental; the absolute and relative daily values are expected to change in the final version Index Mean Current Yield (at bid) Mean YTW Mean Average Trading Value Mean Mod Dur …<\/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-135","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/135","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=135"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/135\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=135"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=135"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=135"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}