{"id":179,"date":"2006-10-18T21:30:38","date_gmt":"2006-10-19T01:30:38","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=179"},"modified":"2006-10-18T21:30:38","modified_gmt":"2006-10-19T01:30:38","slug":"october-18-2006","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=179","title":{"rendered":"October 18, 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>\n4.15%<\/td>\n4.06%<\/td>\n47,795<\/td>\n10.64<\/td>\n2<\/td>\n0.0000%<\/td>\n1,019.9<\/td>\n<\/tr>\n
Fixed-Floater<\/td>\n4.97%<\/td>\n3.88%<\/td>\n180,376<\/td>\n8.70<\/td>\n7<\/td>\n0.0007%<\/td>\n1,024.8<\/td>\n<\/tr>\n
Floater<\/td>\n4.53%<\/td>\n-15.97%<\/td>\n77,748<\/td>\n6.50<\/td>\n5<\/td>\n0.0081%<\/td>\n1,018.5<\/td>\n<\/tr>\n
Op. Retract<\/td>\n4.68%<\/td>\n2.02%<\/td>\n88,293<\/td>\n2.40<\/td>\n17<\/td>\n0.0466%<\/td>\n1,018.2<\/td>\n<\/tr>\n
Split-Share<\/td>\n4.93%<\/td>\n3.68%<\/td>\n159,407<\/td>\n3.29<\/td>\n11<\/td>\n0.0441%<\/td>\n1,022.7<\/td>\n<\/tr>\n
Interest Bearing<\/td>\n6.91%<\/td>\n5.19%<\/td>\n55,968<\/td>\n2.01<\/td>\n7<\/td>\n-0.1142%<\/td>\n1,019.9<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.09%<\/td>\n3.55%<\/td>\n220,936<\/td>\n4.31<\/td>\n47<\/td>\n0.1062%<\/td>\n1,035.6<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n4.58%<\/td>\n4.61%<\/td>\n560,158<\/td>\n16.19<\/td>\n7<\/td>\n0.0235%<\/td>\n1,035.1<\/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 changes today.<\/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>\n295,275<\/td>\nRecent new issue<\/a>. Despite its leap to a hefty premium above par, this still looks attractive, with a YTW of 4.28% based on a bid of 10.59 and a maturity at $10.00 in November 2013.<\/td>\n<\/tr>\n
PWF.PR.H<\/td>\nPerpetualPremium<\/td>\n276,340<\/td>\nRBC crossed 270,000 @ 26.45. At the closing bid of 26.43, this has a pre-tax YTW of 3.99%, paying $1.4375 until the YTW call 2008-1-9. If it lasts until 2012-1-9, it will have returned 4.50% … if it does, in fact, last that long!<\/td>\n<\/tr>\n
W.PR.J<\/td>\nPerpetualPremium<\/td>\n129,360<\/td>\nScotia crossed 50,000 @ 25.45, and followed up with another of 69,200 shares at the same price. This is an attractive issue … pre-tax YTW of 4.74% based on a call 2008-8-14 and a bid of $25.40.<\/td>\n<\/tr>\n
WN.PR.A<\/td>\nPerpetualPremium<\/td>\n95,720<\/td>\nScotia crossed 50,000 @ $26.20 and then did another tranche of 42,000 at the same price. Another attractive, Pfd-2(low) [DBRS<\/a>] issue, with a YTW of 4.81% based on a call 2011-1-14.<\/td>\n<\/tr>\n
GWO.PR.H<\/td>\nPerpetualPremium<\/td>\n56,340<\/td>\nScotia (again!) crossed 50,000 @ 25.55. A nice issue, this, even if simply fairly priced – good credit, good daily volume, and a pre-tax YTW of 4.67% based on a call 2014-10-30. It pays $1.2125. Now, compare this issue with the PWF.PR.H mentioned above, and explain to me how the prices may be reconciled!<\/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-179","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/179","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=179"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/179\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=179"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=179"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=179"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}