{"id":160,"date":"2006-10-12T22:28:11","date_gmt":"2006-10-13T02:28:11","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=160"},"modified":"2006-10-12T22:28:11","modified_gmt":"2006-10-13T02:28:11","slug":"october-12-2006","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=160","title":{"rendered":"October 12, 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>\n4.17%<\/td>\n4.01%<\/td>\n47,673<\/td>\n10.63<\/td>\n2<\/td>\n0.0991%<\/td>\n1,026.2<\/td>\n<\/tr>\n
Fixed-Floater<\/td>\n4.97%<\/td>\n3.93%<\/td>\n198,305<\/td>\n6.68<\/td>\n7<\/td>\n-0.0321%<\/td>\n1,024.2<\/td>\n<\/tr>\n
Floater<\/td>\n4.52%<\/td>\n-19.20%<\/td>\n76,168<\/td>\n6.50<\/td>\n5<\/td>\n0.1038%<\/td>\n1,019.4<\/td>\n<\/tr>\n
Op. Retract<\/td>\n4.68%<\/td>\n2.17%<\/td>\n88,174<\/td>\n2.41<\/td>\n17<\/td>\n0.0331%<\/td>\n1,016.6<\/td>\n<\/tr>\n
Split-Share<\/td>\n4.94%<\/td>\n3.60%<\/td>\n62,132<\/td>\n3.03<\/td>\n10<\/td>\n0.0645%<\/td>\n1,016.1<\/td>\n<\/tr>\n
Interest Bearing<\/td>\n6.90%<\/td>\n4.92%<\/td>\n55,243<\/td>\n2.03<\/td>\n7<\/td>\n-0.4305%<\/td>\n1,021.4<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.11%<\/td>\n3.94%<\/td>\n173,378<\/td>\n4.30<\/td>\n46<\/td>\n0.0653%<\/td>\n1,032.5<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n4.58%<\/td>\n4.61%<\/td>\n598,845<\/td>\n16.20<\/td>\n7<\/td>\n0.1916%<\/td>\n1,035.0<\/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
STW.PR.A<\/td>\nInterestBearing<\/td>\n-1.1628%<\/td>\nPre-tax YTW now 5.35% at the current bid of 10.20, based on a maturity at the end of 2009.<\/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
AL.PR.F<\/td>\nScraps<\/td>\n193,850<\/td>\nGlobal crossed 95,000 for cash at $26.16, then 95,000 for regular settlement at 25.87. More fun and games! The issue closed at $25.22-49 and went ex-dividend today.<\/td>\n<\/tr>\n
W.PR.J<\/td>\nPerpetualPremium<\/td>\n41,300<\/td>\nDesjardins crossed 40,000 @ 25.36. This is a fairly attractive issue, with a pre-tax YTW of 4.80% based on a bid of 25.35 and a call in 2008.<\/td>\n<\/tr>\n
WN.PR.A<\/td>\nPerpetualPremium<\/td>\n31,040<\/td>\nDesjardins crossed 30,100 @ 26.10. This issue has a pre-tax YTW of 4.79% based on a bid price of $26.10 and a call in 2009. It becomes callable at the end of this year at $26.00, with the premium declining by $0.25 annually until 2010 when it will be callable at 25.00. It pays $1.45, so since Weston is only Pfd-2(low) (DBRS<\/a>) it makes sense for them to keep the issue going until they reach the par-redemption period.<\/td>\n<\/tr>\n
RY.PR.A<\/td>\nPerpetualDiscount<\/td>\n22,150<\/td>\n\u00a0<\/td>\n<\/tr>\n
PWF.PR.L<\/td>\nPerpetualPremium<\/td>\n21,560<\/td>\nI still<\/a> like this issue, with its pre-tax YTW of 4.49% based on a bid of $26.12 and a call in 2015. The modified duration of its YTW scenario is 7.34 years, the highest in the PerpetualPremium index.<\/td>\n<\/tr>\n<\/table>\n

There were nineteen other index-included issues trading over 10,000 shares today.\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-160","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/160","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=160"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/160\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=160"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=160"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=160"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}