{"id":146,"date":"2006-10-05T21:13:36","date_gmt":"2006-10-06T01:13:36","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=146"},"modified":"2006-10-05T21:13:36","modified_gmt":"2006-10-06T01:13:36","slug":"october-5-2006","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=146","title":{"rendered":"October 5, 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>\n4.27%<\/td>\n4.21%<\/td>\n45,418<\/td>\n10.52<\/td>\n2<\/td>\n-0.1200%<\/td>\n1,014.4<\/td>\n<\/tr>\n
Fixed-Floater<\/td>\n5.00%<\/td>\n4.02%<\/td>\n210,670<\/td>\n12.38<\/td>\n7<\/td>\n-0.0225%<\/td>\n1,017.0<\/td>\n<\/tr>\n
Floater<\/td>\n4.52%<\/td>\n-19.55%<\/td>\n79,029<\/td>\n6.51<\/td>\n5<\/td>\n-0.0632%<\/td>\n1,020.1<\/td>\n<\/tr>\n
Op. Retract<\/td>\n4.68%<\/td>\n2.23%<\/td>\n89,732<\/td>\n2.43<\/td>\n17<\/td>\n0.0406%<\/td>\n1,017.5<\/td>\n<\/tr>\n
Split-Share<\/td>\n4.92%<\/td>\n3.26%<\/td>\n61,275<\/td>\n3.05<\/td>\n10<\/td>\n0.0613%<\/td>\n1,018.2<\/td>\n<\/tr>\n
Interest Bearing<\/td>\n6.89%<\/td>\n4.85%<\/td>\n55,121<\/td>\n1.80<\/td>\n7<\/td>\n-0.0419%<\/td>\n1,022.0<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.13%<\/td>\n3.85%<\/td>\n177,267<\/td>\n4.22<\/td>\n47<\/td>\n0.0265%<\/td>\n1,030.4<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n4.59%<\/td>\n4.61%<\/td>\n325,597<\/td>\n16.20<\/td>\n6<\/td>\n-0.0197%<\/td>\n1,037.8<\/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
There were no index-included issues with major price changes today.<\/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
RY.PR.A<\/td>\nPerpetualDiscount<\/td>\n107,185<\/td>\n\u00a0<\/td>\n<\/tr>\n
MFC.PR.B<\/td>\nPerpetualPremium<\/td>\n97,625<\/td>\n\u00a0<\/td>\n<\/tr>\n
NA.PR.L<\/td>\nPerpetualPremium<\/td>\n64,700<\/td>\nNesbitt processed an internal cross of 60,000 @ 25.63. This issue has a pre-tax YTW of 4.58% at the closing bid of $25.64, based on a call in 2014. Given that it’s only Pfd-2(high) by DBRS<\/a>, it looks a little expensive there.<\/td>\n<\/tr>\n
RY.PR.B<\/td>\nPerpetualPremium<\/td>\n56,465<\/td>\nNesbitt had an internal cross of 50,000 @25.51. At the closing bid of 25.50, this has a pre-tax YTW of 4.59% based on a call in 2015. Given that Royal Bank is a better credit than the issue above, why is it trading at the same yield?<\/td>\n<\/tr>\n
FTN.PR.A<\/td>\nSplitShares<\/td>\n44,800<\/td>\nCredit Suisse bought 36,000 from Nesbitt @ $10.50<\/td>\n<\/tr>\n<\/table>\n

There were ten 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-146","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/146","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=146"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/146\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=146"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=146"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=146"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}