{"id":1420,"date":"2007-11-05T22:11:25","date_gmt":"2007-11-06T02:11:25","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=1420"},"modified":"2007-11-05T22:11:25","modified_gmt":"2007-11-06T02:11:25","slug":"november-5-2007","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=1420","title":{"rendered":"November 5, 2007"},"content":{"rendered":"

Well … today was fairly busy, so there’s not much commentary! Just to keep my faithful readers entertained, however, I have uploaded the PerpetualPremium<\/a> index … look at CU.PR.A and CU.PR.B! A fine company and a solid credit … but should these issues really<\/em> be trading 60+bp through Power Financial? There will be a small prize awarded to anybody who can give me a satisfactory explanation of this phenomenon.<\/p>\n

\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. In this version, index values are based at 1,000.0 on 2006-6-30<\/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>\n4.92%<\/td>\n4.91%<\/td>\n206,688<\/td>\n15.62<\/td>\n2<\/td>\n0.0000%<\/td>\n1,045.0<\/td>\n<\/tr>\n
Fixed-Floater<\/td>\n4.86%<\/td>\n4.82%<\/td>\n87,410<\/td>\n15.81<\/td>\n8<\/td>\n+0.0991%<\/td>\n1,046.3<\/td>\n<\/tr>\n
Floater<\/td>\n4.50%<\/td>\n4.52%<\/td>\n63,713<\/td>\n16.30<\/td>\n3<\/td>\n+0.3319%<\/td>\n1,044.9<\/td>\n<\/tr>\n
Op. Retract<\/td>\n4.88%<\/td>\n3.62%<\/td>\n76,433<\/td>\n3.60<\/td>\n16<\/td>\n+0.1751%<\/td>\n1,028.8<\/td>\n<\/tr>\n
Split-Share<\/td>\n5.18%<\/td>\n5.05%<\/td>\n87,676<\/td>\n4.19<\/td>\n15<\/td>\n-0.1341%<\/td>\n1,040.7<\/td>\n<\/tr>\n
Interest Bearing<\/td>\n6.27%<\/td>\n6.43%<\/td>\n61,799<\/td>\n3.57<\/td>\n4<\/td>\n-0.0746%<\/td>\n1,055.9<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.81%<\/td>\n5.43%<\/td>\n80,650<\/td>\n5.41<\/td>\n11<\/td>\n+0.2095%<\/td>\n1,013,9<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n5.58%<\/td>\n5.58%<\/td>\n335,875<\/td>\n14.32<\/td>\n55<\/td>\n-0.0698%<\/td>\n911.8<\/td>\n<\/tr>\n<\/table>\n<\/div>\n
\n\n\n\n\n\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.G<\/td>\nPerpetualDiscount<\/td>\n-2.1053%<\/td>\nNow with a pre-tax bid-YTW of 6.15% based on a bid of 19.53 and a limitMaturity<\/a>.<\/td>\n<\/tr>\n
NA.PR.L<\/td>\nPerpetualDiscount<\/td>\n-1.6471%<\/td>\nNow with a pre-tax bid-YTW of 5.83% based on a bid of 20.90 and a limitMaturity.<\/td>\n<\/tr>\n
LBS.PR.A<\/td>\nSplitShare<\/td>\n-1.3659%<\/td>\nAsset coverage of just under 2.5:1 according to Brompton Group<\/a>. Now with a pre-tax bid-YTW of 5.13% based on a bid of 10.11 and a hardMaturity<\/a> 2013-11-29 at 10.00.<\/td>\n<\/tr>\n
BNS.PR.J<\/td>\nPerpetualDiscount<\/td>\n-1.0761%<\/td>\nNow with a pre-tax bid-YTW of 5.23% based on a bid of 24.82 and a limitMaturity.<\/td>\n<\/tr>\n
BNA.PR.C<\/td>\nSplitShare<\/td>\n-1.0067%<\/td>\nAsset coverage of just over 3.8:1 as of July 31, according to the company<\/a>. Now with a pre-tax bid-YTW of 6.71% based on a bid of 20.65 and a hardMaturity 2019-1-10 at 25.00.<\/td>\n<\/tr>\n
ASC.PR.A<\/td>\nSplitShare<\/td>\n-1.0000%<\/td>\nAsset coverage of just under 2.3:1 as of November 2, according to AIC<\/a>. Now with a pre-tax bid-YTW of 5.22% based on a bid of 23.10 and a limitMaturity.<\/td>\n<\/tr>\n
CM.PR.A<\/td>\nOpRet<\/td>\n+1.2926%<\/td>\nNow with a pre-tax bid-YTW of 1.14% based on a bid of 25.86 and a call 2007-12-5 at 25.75.<\/td>\n<\/tr>\n<\/table>\n<\/div>\n
\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
BMO.PR.J<\/td>\nPerpetualDiscount<\/td>\n237,040<\/td>\nNow with a pre-tax bid-YTW of 5.40% based on a bid of 20.90 and a limitMaturity.<\/td>\n<\/tr>\n
GWO.PR.G<\/td>\nPerpetualDiscount<\/td>\n107,260<\/td>\nScotia crossed 85,100 at 23.60. Now with a pre-tax bid-YTW of 5.60% based on a bid of 23.50 and a limitMaturity.<\/td>\n<\/tr>\n
RY.PR.W<\/td>\nPerpetualDiscount<\/td>\n104,800<\/td>\nNesbitt crossed 100,000 at 22.51. Now with a pre-tax bid-YTW of 5.45% based on a bid of 22.50 and a limitMaturity.<\/td>\n<\/tr>\n
PWF.PR.F<\/td>\nPerpetualDiscount<\/td>\n86,120<\/td>\nNow with a pre-tax bid-YTW of 5.69% based on a bid of 23.20 and a limitMaturity.<\/td>\n<\/tr>\n
GWO.PR.X<\/td>\nOpRet<\/td>\n51,723<\/td>\nScotia crossed 50,000 at 26.65. Now with a pre-tax bid-YTW of 3.57% based on a bid of 26.65 and a call 2009-10-30 at 26.00.<\/td>\n<\/tr>\n<\/table>\n<\/div>\n

There were thirty-three other index-included $25.00-equivalent issues trading over 10,000 shares today.\n<\/p>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Well … today was fairly busy, so there’s not much commentary! Just to keep my faithful readers entertained, however, I have uploaded the PerpetualPremium index … look at CU.PR.A and CU.PR.B! A fine company 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-1420","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/1420","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=1420"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/1420\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1420"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1420"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1420"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}