{"id":1644,"date":"2007-12-31T21:10:02","date_gmt":"2008-01-01T01:10:02","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=1644"},"modified":"2007-12-31T21:10:02","modified_gmt":"2008-01-01T01:10:02","slug":"1644","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=1644","title":{"rendered":"December 31, 2007"},"content":{"rendered":"

Hurrah! 2007 is finally over!<\/p>\n

Strong performance from the PerpetualDiscounts again, but all this is on relatively light volume. Santa brought me exactly what I asked for<\/a>.<\/p>\n

Happy New Year! Best Wishes for 2008!<\/p>\n

\n\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. In this version, index values are based at 1,000.0 on 2006-6-30<\/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>\n5.19%<\/td>\n5.19%<\/td>\n73,469<\/td>\n15.15<\/td>\n2<\/td>\n0.0000%<\/td>\n1,059.2<\/td>\n<\/tr>\n
Fixed-Floater<\/td>\n4.89%<\/td>\n5.15%<\/td>\n85,409<\/td>\n15.30<\/td>\n8<\/td>\n+0.1145%<\/td>\n1,026.3<\/td>\n<\/tr>\n
Floater<\/td>\n5.82%<\/td>\n5.84%<\/td>\n139,591<\/td>\n14.13<\/td>\n2<\/td>\n+1.0369%<\/td>\n829.8<\/td>\n<\/tr>\n
Op. Retract<\/td>\n4.86%<\/td>\n3.08%<\/td>\n81,377<\/td>\n3.53<\/td>\n16<\/td>\n+0.0657%<\/td>\n1,039.6<\/td>\n<\/tr>\n
Split-Share<\/td>\n5.31%<\/td>\n5.51%<\/td>\n107,314<\/td>\n4.19<\/td>\n15<\/td>\n+0.3585%<\/td>\n1,029.6<\/td>\n<\/tr>\n
Interest Bearing<\/td>\n6.37%<\/td>\n6.58%<\/td>\n61,709<\/td>\n3.44<\/td>\n4<\/td>\n-0.1262%<\/td>\n1,058.4<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.82%<\/td>\n4.94%<\/td>\n79,658<\/td>\n5.23<\/td>\n11<\/td>\n+0.2505%<\/td>\n1,018.6<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n5.51%<\/td>\n5.42%<\/td>\n375,952<\/td>\n14.29<\/td>\n55<\/td>\n+0.8340%<\/td>\n928.1<\/td>\n<\/tr>\n<\/table>\n<\/div>\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\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
BAM.PR.J<\/td>\nOpRet<\/td>\n-1.7686%<\/td>\nNow with a pre-tax bid-YTW of 5.15% based on a bid of 25.55 and a softMaturity<\/a> 2018-3-30 at 25.00.<\/td>\n<\/tr>\n
HSB.PR.C<\/td>\nPerpetualDiscount<\/td>\n+1.0725%<\/td>\nNow with a pre-tax bid-YTW of 5.44% based on a bid of 23.56 and a limitMaturity<\/a>.<\/td>\n<\/tr>\n
ELF.PR.F<\/td>\nPerpetualDiscount<\/td>\n+1.1291%<\/td>\nNow with a pre-tax bid-YTW of 6.46% based on a bid of 20.60 and a limitMaturity.<\/td>\n<\/tr>\n
CIU.PR.A<\/td>\nPerpetualDiscount<\/td>\n+1.1302%<\/td>\nNow with a pre-tax bid-YTW of 5.66% based on a bid of 20.58 and a limitMaturity.<\/td>\n<\/tr>\n
BMO.PR.J<\/td>\nPerpetualDiscount<\/td>\n+1.1478%<\/td>\nNow with a pre-tax bid-YTW of 5.39% based on a bid of 21.15 and a limitMaturity.<\/td>\n<\/tr>\n
CM.PR.E<\/td>\nPerpetualDiscount<\/td>\n+1.2766%<\/td>\nNow with a pre-tax bid-YTW of 5.88% based on a bid of 23.80 and a limitMaturity.<\/td>\n<\/tr>\n
BAM.PR.M<\/td>\nPerpetualDiscount<\/td>\n+1.3767%<\/td>\nNow with a pre-tax bid-YTW of 6.50% based on a bid of 18.41 and a limitMaturity.<\/td>\n<\/tr>\n
BAM.PR.K<\/td>\nFloater<\/td>\n+1.4006%<\/td>\n\u00a0<\/td>\n<\/tr>\n
CM.PR.P<\/td>\nPerpetualDiscount<\/td>\n+1.9957%<\/td>\nNow with a pre-tax bid-YTW of 5.81% based on a bid of 23.51 and a limitMaturity.<\/td>\n<\/tr>\n
CM.PR.D<\/td>\nPerpetualDiscount<\/td>\n+2.0366%<\/td>\nNow with a pre-tax bid-YTW of 5.85% based on a bid of 24.55 and a limitMaturity.<\/td>\n<\/tr>\n
SLF.PR.B<\/td>\nPerpetualDiscount<\/td>\n+2.0947%<\/td>\nNow with a pre-tax bid-YTW of 5.38% based on a bid of 22.42 and a limitMaturity.<\/td>\n<\/tr>\n
RY.PR.B<\/td>\nPerpetualDiscount<\/td>\n+2.1998%<\/td>\nNow with a pre-tax bid-YTW of 5.33% based on a bid of 22.30 and a limitMaturity.<\/td>\n<\/tr>\n
ACO.PR.A<\/td>\nOpRet<\/td>\n+2.2684%<\/td>\nNow with a pre-tax bid-YTW of 3.64% based on a bid of 26.60 and a call 2008-12-31 at 26.00.<\/td>\n<\/tr>\n
HSB.PR.D<\/td>\nPerpetualDiscount<\/td>\n+2.3903%<\/td>\nNow with a pre-tax bid-YTW of 5.33% based on a bid of 23.56 and a limitMaturity.<\/td>\n<\/tr>\n
NA.PR.L<\/td>\nPerpetualDiscount<\/td>\n+2.4540%<\/td>\nNow with a pre-tax bid-YTW of 5.65% based on a bid of 21.71 and a limitMaturity.<\/td>\n<\/tr>\n
POW.PR.D<\/td>\nPerpetualDiscount<\/td>\n+2.4561%<\/td>\nNow with a pre-tax bid-YTW of 5.36% based on a bid of 23.36 and a limitMaturity.<\/td>\n<\/tr>\n
BNA.PR.C<\/td>\nSplitShare<\/td>\n+2.8037%<\/td>\nAsset coverage of 3.7+:1 as of November 30, according to the company<\/a>. Now with a pre-tax bid-YTW of 7.90% based on a bid of 18.70 and a hardMaturity<\/a> 2019-1-10 at 25.00. Compare with BNA.PR.A (5.73% to 2010-9-30) and BNA.PR.B (7.42% to 2016-3-25).<\/td>\n<\/tr>\n
RY.PR.G<\/td>\nPerpetualDiscount<\/td>\n+2.8352%<\/td>\nNow with a pre-tax bid-YTW of 5.33% based on a bid of 21.40 and a limitMaturity.<\/td>\n<\/tr>\n
PWF.PR.L<\/td>\nPerpetualDiscount<\/td>\n+2.8375%<\/td>\nNow with a pre-tax bid-YTW of 5.41% based on a bid of 23.92 and a limitMaturity.<\/td>\n<\/tr>\n
BAM.PR.N<\/td>\nPerpetualDiscount<\/td>\n+3.3609%<\/td>\nNow with a pre-tax bid-YTW of 6.38% based on a bid of 18.76 and a limitMaturity.<\/td>\n<\/tr>\n
CM.PR.H<\/td>\nPerpetualDiscount<\/td>\n+3.70%<\/td>\nNow with a pre-tax bid-YTW of 5.71% based on a bid of 21.04 and a limitMaturity.<\/td>\n<\/tr>\n
BAM.PR.G<\/td>\nFixFloat<\/td>\n+4.2105%<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n<\/div>\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
RY.PR.W<\/td>\nPerpetualDiscount<\/td>\n46,910<\/td>\nRBC crossed 18,400 at 23.60. Now with a pre-tax bid-YTW of 5.26% based on a bid of 23.56 and a limitMaturity.<\/td>\n<\/tr>\n
CM.PR.H<\/td>\nPerpetualDiscount<\/td>\n19,190<\/td>\nNow with a pre-tax bid-YTW of 5.71% based on a bid of 21.04 and a limitMaturity.<\/td>\n<\/tr>\n
RY.PR.D<\/td>\nPerpetualDiscount<\/td>\n14,415<\/td>\nNow with a pre-tax bid-YTW of 5.38% based on a bid of 21.19 and a limitMaturity.<\/td>\n<\/tr>\n
TD.PR.O<\/td>\nPerpetualDiscount<\/td>\n13,195<\/td>\nNow with a pre-tax bid-YTW of 5.31% based on a bid of 23.18 and a limitMaturity.<\/td>\n<\/tr>\n
CM.PR.I<\/td>\nPerpetualDiscount<\/td>\n12,513<\/td>\nNow with a pre-tax bid-YTW of 5.77% based on a bid of 20.41 and a limitMaturity.<\/td>\n<\/tr>\n<\/table>\n<\/div>\n

There were five other index-included $25.00-equivalent issues trading over 10,000 shares today.\n<\/p>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Hurrah! 2007 is finally over! Strong performance from the PerpetualDiscounts again, but all this is on relatively light volume. Santa brought me exactly what I asked for. Happy New Year! Best Wishes for 2008! Note …<\/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-1644","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/1644","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=1644"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/1644\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1644"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1644"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1644"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}