{"id":152,"date":"2006-10-10T22:30:21","date_gmt":"2006-10-11T02:30:21","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=152"},"modified":"2006-10-10T22:30:21","modified_gmt":"2006-10-11T02:30:21","slug":"october-10-2006","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=152","title":{"rendered":"October 10, 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>\n4.23%<\/td>\n4.18%<\/td>\n44,182<\/td>\n10.56<\/td>\n2<\/td>\n-0.2983%<\/td>\n1,015.5<\/td>\n<\/tr>\n
Fixed-Floater<\/td>\n4.99%<\/td>\n4.02%<\/td>\n205,195<\/td>\n10.13<\/td>\n7<\/td>\n0.0741%<\/td>\n1,018.0<\/td>\n<\/tr>\n
Floater<\/td>\n4.53%<\/td>\n-17.21%<\/td>\n77,308<\/td>\n6.53<\/td>\n5<\/td>\n0.0720%<\/td>\n1,017.6<\/td>\n<\/tr>\n
Op. Retract<\/td>\n4.68%<\/td>\n2.11%<\/td>\n89,612<\/td>\n2.42<\/td>\n17<\/td>\n-0.0327%<\/td>\n1,016.8<\/td>\n<\/tr>\n
Split-Share<\/td>\n4.92%<\/td>\n3.26%<\/td>\n62,615<\/td>\n3.03<\/td>\n10<\/td>\n-0.0004%<\/td>\n1,017.9<\/td>\n<\/tr>\n
Interest Bearing<\/td>\n6.88%<\/td>\n4.63%<\/td>\n55,354<\/td>\n2.03<\/td>\n7<\/td>\n0.0679%<\/td>\n1,024.2<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.12%<\/td>\n3.73%<\/td>\n174,559<\/td>\n4.30<\/td>\n46<\/td>\n0.0575%<\/td>\n1,030.8<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n4.59%<\/td>\n4.61%<\/td>\n622,381<\/td>\n16.19<\/td>\n7<\/td>\n-0.3472%<\/td>\n1,033.0<\/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
There were no index-included issues with major price moves today (unless you count SLF.PR.D<\/a>)<\/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
SLF.PR.A<\/td>\nPerpetualPremium<\/td>\n90,750<\/td>\nScotia crossed 40,000 @ $25.41, then another 42,000 at the same price. This issue looks rather expensive at the closing bid of 25.55 … pre-tax YTW of 4.45% based on a call in 2014. This is just a penny less than the SLF.PR.B, which pays $0.0125 more p.a. with a similar call schedule … and is more liquid.<\/td>\n<\/tr>\n
GWO.PR.X<\/td>\nOpRet<\/td>\n51,869<\/td>\nScotia crossed 50,000 @ 27.40. Another issue considered rather expensive by HIMIPref\u2122 given its closing bid of $27.40 – Pre-Tax YTW of 2.83% based on a 2009 call; the pre-tax-curve price is $26.54.<\/td>\n<\/tr>\n
W.PR.J<\/td>\nPerpetualPremium<\/td>\n51,830<\/td>\nScotia crossed 28,000 @ 25.30, then bought 18,000 from Nesbitt at the same price. Currently callable at $25.50, declining by $0.25 every July … an attractive issue, I’d say, paying $1.40 for a pre-tax YTW of 4.93% based on a 2008 call.<\/td>\n<\/tr>\n
BSD.PR.A<\/td>\nInterestBearing<\/td>\n45,849<\/td>\nPre-tax YTW of 5.94% INTEREST based on a 2015 maturity.<\/td>\n<\/tr>\n
BNS.PR.K<\/td>\nPerpetualPremium<\/td>\n40,350<\/td>\nNesbit bought 31,400 in three quick trades at 25.93; 28,400 from Scotia, 3,000 from RBC.<\/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-152","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/152","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=152"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/152\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=152"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=152"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=152"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}