{"id":145,"date":"2006-10-04T21:42:38","date_gmt":"2006-10-05T01:42:38","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=145"},"modified":"2006-10-04T21:42:38","modified_gmt":"2006-10-05T01:42:38","slug":"october-4-2006","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=145","title":{"rendered":"October 4, 2006"},"content":{"rendered":"\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>\n4.28%<\/td>\n4.21%<\/td>\n42,517<\/td>\n10.51<\/td>\n2<\/td>\n0.1002%<\/td>\n1,015.7<\/td>\n<\/tr>\n
Fixed-Floater<\/td>\n5.00%<\/td>\n4.01%<\/td>\n216,451<\/td>\n12.38<\/td>\n7<\/td>\n0.0794%<\/td>\n1,017.2<\/td>\n<\/tr>\n
Floater<\/td>\n4.52%<\/td>\n-19.54%<\/td>\n80,475<\/td>\n6.53<\/td>\n5<\/td>\n-0.2086%<\/td>\n1,020.8<\/td>\n<\/tr>\n
Op. Retract<\/td>\n4.67%<\/td>\n2.49%<\/td>\n90,995<\/td>\n2.43<\/td>\n17<\/td>\n0.0308%<\/td>\n1,017.1<\/td>\n<\/tr>\n
Split-Share<\/td>\n4.92%<\/td>\n3.12%<\/td>\n60,375<\/td>\n3.05<\/td>\n10<\/td>\n0.0379%<\/td>\n1,017.6<\/td>\n<\/tr>\n
Interest Bearing<\/td>\n6.89%<\/td>\n4.74%<\/td>\n53,759<\/td>\n2.05<\/td>\n7<\/td>\n0.1077%<\/td>\n1,022.4<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.12%<\/td>\n3.93%<\/td>\n176,642<\/td>\n4.23<\/td>\n47<\/td>\n-0.0108%<\/td>\n1,030.1<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n4.59%<\/td>\n4.61%<\/td>\n324,524<\/td>\n16.20<\/td>\n6<\/td>\n0.0069%<\/td>\n1,038.0<\/td>\n<\/tr>\n<\/table>\n\n\n\n\n
Major Price Changes<\/strong><\/td>\n<\/tr>\n
Issue<\/td>\nIndex<\/td>\nChange<\/td>\nNotes<\/td>\n<\/tr>\n
PWF.PR.A<\/td>\nFloater<\/td>\n-1.5504%<\/td>\nGiving up most of yesterday’s gains on good volume of 21,600 shares. Scotia crossed 20,000 @ 25.45<\/td>\n<\/tr>\n<\/table>\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
TD.PR.O<\/td>\nPerpetualPremium<\/td>\n131,245<\/td>\nNesbitt had an internal cross @ 26.07<\/td>\n<\/tr>\n
IGM.PR.A<\/td>\nOpRet<\/td>\n131,114<\/td>\n\u00a0<\/td>\n<\/tr>\n
PWF.PR.L<\/td>\nPerpetualPremium<\/td>\n116,100<\/td>\nThere were a number of blocks put through today: RBC crossed 43,900 @ 26.15, followed by National (10,000), Scotia (25,000) and National again (10,000) at the same price. Scotia then crossed 24,700 @ 26.25 just before the close. At a closing bid of 26.15, this issue still has a Pre-tax YTW of 4.62% based on a call in 2015.<\/td>\n<\/tr>\n
GWO.PR.G<\/td>\nPerpetualPremium<\/td>\n102,960<\/td>\nRBC crossed 100,000 shares @ 26.55<\/td>\n<\/tr>\n
PWF.PR.G<\/td>\nPerpetualPremium<\/td>\n102,000<\/td>\nScotia crossed 100,000 shares at $26.55 (a popular price for 100,000 share lots of issues ending in G today). For this issue, the Pre-Tax YTW at the closing bid of $26.51 is 4.56% based on a call in 2007 … if it survives to its call-at-par date in 2011, the yield will have been 4.77%. Doesn’t seem like there’s much upside to this issue, though.<\/td>\n<\/tr>\n
ELF.PR.F<\/td>\nPerpetualPremium<\/td>\n100,000<\/td>\nNesbitt crossed 100,000 @ $26.25. This issue has a YTW of 4.57% based on a call in 2013, but since it’s only rated Pfd-2(low) by DBRS<\/a>, it seems expensive at the closing quote of 26.10-41, especially since the new issue<\/a> comes with a coupon of 4.75%.<\/td>\n<\/tr>\n<\/table>\n

There were twenty-one 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-145","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/145","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=145"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/145\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=145"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=145"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=145"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}