{"id":2006,"date":"2008-04-01T21:02:46","date_gmt":"2008-04-02T01:02:46","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=2006"},"modified":"2008-04-01T21:02:46","modified_gmt":"2008-04-02T01:02:46","slug":"april-1-2008","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=2006","title":{"rendered":"April 1, 2008"},"content":{"rendered":"

No commentary today, I’m afraid! Duty called, with a shrill, unpleasant voice!<\/p>\n

The post on the travails of XCM.PR.A<\/a> has been updated.<\/p>\n

Not much price movement in the preferred share market today, but volume spike dramatically – portfolio managers placing their bets for the second quarter?<\/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>\n5.26%<\/td>\n5.29%<\/td>\n31,824<\/td>\n15.10<\/td>\n2<\/td>\n-0.0203%<\/td>\n1,089.0<\/td>\n<\/tr>\n
Fixed-Floater<\/td>\n4.80%<\/td>\n5.42%<\/td>\n63,337<\/td>\n14.99<\/td>\n8<\/td>\n-0.1149%<\/td>\n1,038.5<\/td>\n<\/tr>\n
Floater<\/td>\n4.93%<\/td>\n4.95%<\/td>\n75,325<\/td>\n15.59<\/td>\n2<\/td>\n-0.6622%<\/td>\n843.8<\/td>\n<\/tr>\n
Op. Retract<\/td>\n4.85%<\/td>\n3.29%<\/td>\n81,681<\/td>\n3.48<\/td>\n15<\/td>\n-0.0933%<\/td>\n1,046.3<\/td>\n<\/tr>\n
Split-Share<\/td>\n5.41%<\/td>\n6.10%<\/td>\n93,511<\/td>\n4.10<\/td>\n14<\/td>\n-0.0786%<\/td>\n1,022.2<\/td>\n<\/tr>\n
Interest Bearing<\/td>\n6.19%<\/td>\n6.13%<\/td>\n66,539<\/td>\n3.92<\/td>\n3<\/td>\n+0.1722%<\/td>\n1,094.9<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.90%<\/td>\n4.29%<\/td>\n232,263<\/td>\n5.36<\/td>\n7<\/td>\n+0.0227%<\/td>\n1,017.4<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n5.70%<\/td>\n5.73%<\/td>\n278,873<\/td>\n14.30<\/td>\n62<\/td>\n+0.0423%<\/td>\n913.2<\/td>\n<\/tr>\n<\/table>\n<\/div>\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
PWF.PR.D<\/td>\nOpRet<\/td>\n-2.0611%<\/td>\nNow with a pre-tax bid-YTW of 4.79% based on a bid of 25.66 and a softMaturity<\/a>.<\/td>\n<\/tr>\n
PIC.PR.A<\/td>\nSplitShare<\/td>\n-1.8679%<\/td>\nNow with a pre-tax bid-YTW of 7.04% based on a bid of 14.71 and a hardMaturity<\/a> 2010-11-1 at 15.00.<\/td>\n<\/tr>\n
BAM.PR.B<\/td>\nFloater<\/td>\n-1.3333%<\/td>\n <\/td>\n<\/tr>\n
BAM.PR.G<\/td>\nFixFloat<\/td>\n-1.1905%<\/td>\n <\/td>\n<\/tr>\n
RY.PR.B<\/td>\nPerpetualDiscount<\/td>\n-1.1163%<\/td>\nNow with a pre-tax bid-YTW of 5.61% based on a bid of 21.26 and a limitMaturity.<\/td>\n<\/tr>\n
IGM.PR.A<\/td>\nOpRet<\/td>\n+1.0128%<\/td>\nNow with a pre-tax bid-YTW of 2.79% based on a bid of 26.93 and a call 2009-7-30 at 26.00.<\/td>\n<\/tr>\n
RY.PR.A<\/td>\nPerpetualDiscount<\/td>\n+1.3848%<\/td>\nNow with a pre-tax bid-YTW of 5.50% based on a bid of 20.50 and a limitMaturity.<\/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.K<\/td>\nOpRet<\/td>\n708,015<\/td>\nNow with a pre-tax bid-YTW of 3.59% based on a bid of 25.15 and a call 2008-5-1 at 25.00<\/td>\n<\/tr>\n
BMO.PR.J<\/td>\nPerpetualDiscount<\/td>\n268,073<\/td>\nNow with a pre-tax bid-YTW of 5.73% based on a bid of 19.90 and a limitMaturity.<\/td>\n<\/tr>\n
CM.PR.D<\/td>\nPerpetualDiscount<\/td>\n257,950<\/td>\nDesjardins crossed 240,000 at 24.25, then Nesbitt crossed 14,600 at the same price. Now with a pre-tax bid-YTW of 5.93% based on a bid of 24.25 and a limitMaturity.<\/td>\n<\/tr>\n
GWO.PR.I<\/td>\nPerpetualDiscount<\/td>\n63,313<\/td>\nNesbitt crossed 50,000 at 20.15. Now with a pre-tax bid-YTW of 5.63% based on a bid of 20.11 and a limitMaturity.<\/td>\n<\/tr>\n
BNS.PR.M<\/td>\nPerpetualDiscount<\/td>\n51,100<\/td>\nDesjardins crossed 40,000 at 20.65. Now with a pre-tax bid-YTW of 5.47% based on a bid of 20.62 and a limitMaturity.<\/td>\n<\/tr>\n<\/table>\n<\/div>\n

There were thirty-seven other index-included $25-pv-equivalent issues trading over 10,000 shares today.<\/p>\n","protected":false},"excerpt":{"rendered":"

No commentary today, I’m afraid! Duty called, with a shrill, unpleasant voice! The post on the travails of XCM.PR.A has been updated. Not much price movement in the preferred share market today, but volume spike …<\/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-2006","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/2006","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=2006"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/2006\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2006"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2006"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2006"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}