{"id":149,"date":"2006-10-06T22:09:03","date_gmt":"2006-10-07T02:09:03","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=149"},"modified":"2006-10-06T22:09:03","modified_gmt":"2006-10-07T02:09:03","slug":"october-6-2006","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=149","title":{"rendered":"October 6, 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>\n4.24%<\/td>\n4.18%<\/td>\n44,771<\/td>\n10.59<\/td>\n2<\/td>\n0.4022%<\/td>\n1,018.5<\/td>\n<\/tr>\n
Fixed-Floater<\/td>\n5.00%<\/td>\n4.02%<\/td>\n204,814<\/td>\n12.39<\/td>\n7<\/td>\n0.0230%<\/td>\n1,017.2<\/td>\n<\/tr>\n
Floater<\/td>\n4.53%<\/td>\n-17.05%<\/td>\n78,069<\/td>\n6.52<\/td>\n5<\/td>\n-0.3142%<\/td>\n1,016.9<\/td>\n<\/tr>\n
Op. Retract<\/td>\n4.68%<\/td>\n1.85%<\/td>\n90,004<\/td>\n2.43<\/td>\n17<\/td>\n-0.0387%<\/td>\n1,017.1<\/td>\n<\/tr>\n
Split-Share<\/td>\n4.92%<\/td>\n3.24%<\/td>\n61,733<\/td>\n3.05<\/td>\n10<\/td>\n-0.0290%<\/td>\n1,017.9<\/td>\n<\/tr>\n
Interest Bearing<\/td>\n6.88%<\/td>\n4.84%<\/td>\n54,519<\/td>\n1.81<\/td>\n7<\/td>\n0.1497%<\/td>\n1,023.5<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.13%<\/td>\n3.79%<\/td>\n175,054<\/td>\n4.20<\/td>\n47<\/td>\n-0.0108%<\/td>\n1,030.3<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n4.59%<\/td>\n4.62%<\/td>\n326,785<\/td>\n16.19<\/td>\n6<\/td>\n-0.1143%<\/td>\n1,036.6<\/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
AL.PR.E<\/td>\nFloater<\/td>\n-1.3534%<\/td>\nOn volume of 3,685 shares, closing at 26.24-42, 3×5. I don’t understand why Alcan isn’t redeeming these shares … there are only 5.7-million out there, providing financing at 6% AFTER TAX. Alcan is, after all buying back its common<\/a>. From the look of their website<\/a>, though, it looks like they can barely remember the preferreds exist!<\/td>\n<\/tr>\n
PWF.PR.L<\/td>\nPerpetualPremium<\/td>\n+1.1846%<\/td>\nOn volume of 4,000 shares, closing at 25.95-09, 90×32<\/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
TD.PR.M<\/td>\nOpRet<\/td>\n397,125<\/td>\nSomething of a joke … Global crossed 198,200 on a cash basis at 27.79, then crossed the same number for regular settlement at 27.49. They went ex-dividend yesterday, paying $0.29375. This issue is notable for being expensive even for an Operating Retractible: the pre-tax YTW is 2.16%, based on a bid of 27.50 and a call in 2009.<\/td>\n<\/tr>\n
SLF.PR.B<\/td>\nPerpetualPremium<\/td>\n123,745<\/td>\nNesbitt processed an internal cross of 90,000 shares @ 25.60 just before the close.<\/td>\n<\/tr>\n
POW.PR.C<\/td>\nPerpetualPremium<\/td>\n101,000<\/td>\nRBC crossed 100,000 @ 26.60<\/td>\n<\/tr>\n
CM.PR.A<\/td>\nOpRet<\/td>\n85,060<\/td>\nNesbitt processed an internal cross of 35,000 @ 26.65, Scotia crossed 45,500 @ 26.75.<\/td>\n<\/tr>\n
MFC.PR.C<\/td>\nPerpetualDiscount<\/td>\n84,755<\/td>\nNesbitt processed an internal cross of 80,000 @ 24.70.<\/td>\n<\/tr>\n<\/table>\n

There were seven other index-included issues trading over 10,000 shares today.<\/p>\n

Update, 2006-10-13<\/b> : There is an error on the issue performance reporting – the PWF.PR.L value was calculated on the basis that the ex-date for the first dividend was 10\/6 – in fact, it was 10\/5, as noted here<\/a>.\n<\/p>\n

<\/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-149","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/149","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=149"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/149\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=149"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=149"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=149"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}