{"id":174,"date":"2006-10-17T21:44:46","date_gmt":"2006-10-18T01:44:46","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=174"},"modified":"2006-10-17T21:44:46","modified_gmt":"2006-10-18T01:44:46","slug":"october-17-2006","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=174","title":{"rendered":"October 17, 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>\n4.16%<\/td>\n4.07%<\/td>\n49,056<\/td>\n10.63<\/td>\n2<\/td>\n-0.0596%<\/td>\n1,019.9<\/td>\n<\/tr>\n
Fixed-Floater<\/td>\n4.97%<\/td>\n3.88%<\/td>\n186,066<\/td>\n6.49<\/td>\n7<\/td>\n-0.0333%<\/td>\n1,024.8<\/td>\n<\/tr>\n
Floater<\/td>\n4.53%<\/td>\n-15.89%<\/td>\n78,474<\/td>\n6.51<\/td>\n5<\/td>\n0.0637%<\/td>\n1,018.4<\/td>\n<\/tr>\n
Op. Retract<\/td>\n4.68%<\/td>\n2.20%<\/td>\n88,687<\/td>\n2.40<\/td>\n17<\/td>\n0.0442%<\/td>\n1,017.8<\/td>\n<\/tr>\n
Split-Share<\/td>\n4.94%<\/td>\n3.68%<\/td>\n155,218<\/td>\n3.29<\/td>\n11<\/td>\n0.6266%<\/td>\n1,022.2<\/td>\n<\/tr>\n
Interest Bearing<\/td>\n6.90%<\/td>\n5.13%<\/td>\n56,361<\/td>\n2.01<\/td>\n7<\/td>\n-0.0251%<\/td>\n1,021.0<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.09%<\/td>\n3.54%<\/td>\n220,336<\/td>\n4.35<\/td>\n47<\/td>\n0.0344%<\/td>\n1,034.5<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n4.58%<\/td>\n4.61%<\/td>\n568,307<\/td>\n16.19<\/td>\n7<\/td>\n0.1045%<\/td>\n1,034.8<\/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
PIC.PR.A<\/td>\nSplitShare<\/td>\n+1.1136%<\/td>\nClosed at 16.07-35 on volume of 9,711 shares … a few shares traded at the offering price.<\/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
LBS.PR.A<\/td>\nSplitShare<\/td>\n1,671,290<\/td>\nOpening Day<\/a>!<\/td>\n<\/tr>\n
PWF.PR.I<\/td>\nPerpetualPremium<\/td>\n303,300<\/td>\nNesbitt crossed 200,000 @ 27.00, then 100,000 at the same price. The Pre-tax YTW is 3.19% at this price, based on a May, 2008 call. Since it pays $1.50, the chance of a call is relatively high … but maybe it will hang on until May, 2012, after delivering 4.36%.<\/td>\n<\/tr>\n
ELF.PR.G<\/td>\nPerpetualPremium<\/td>\n135,325<\/td>\nOpening Day<\/a>!<\/td>\n\u00a0<\/td>\n<\/tr>\n
BAM.PR.G<\/td>\nFixedFloater<\/td>\n107,650<\/td>\nThis thing continues to trade heavily – see yesterday’s comments<\/a>.<\/td>\n<\/tr>\n
NA.PR.K<\/td>\nPerpetualPremium<\/td>\n102,092<\/td>\nDesjardins crossed 98,100 @ 27.10. At the closing bid of $27.17, these things have a pre-tax YTW of only 2.59% based on a call in June 2008. Somebody obviously thinks they’ll hang on until June 2012, having yielded 4.06% … but since it pays $1.4625, it’s not a bet I’d make, seeing as I don’t have to!<\/td>\n<\/tr>\n<\/table>\n

There were thirty-one 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-174","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/174","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=174"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/174\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=174"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=174"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=174"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}