{"id":2117,"date":"2008-05-05T20:58:22","date_gmt":"2008-05-06T00:58:22","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=2117"},"modified":"2008-05-05T20:58:22","modified_gmt":"2008-05-06T00:58:22","slug":"may-5-2008","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=2117","title":{"rendered":"May 5, 2008"},"content":{"rendered":"

Sorry, folks! Words of wisdom are in short supply today, so I’m just going to supply the links.<\/p>\n

What are Corporate Bonds Worth in a Recession<\/a> – Accrued Interest<\/i>, excellent!<\/p>\n

Yahoo! offer abandoned<\/a> – Bloomberg<\/p>\n

Credit Crunch Hitting Main Street<\/a> – Bloomberg<\/p>\n

Target monetizing its credit card receivables<\/a> – Bloomberg<\/p>\n

Bank of America affirms committment to Countrywide<\/a> – Bloomberg<\/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>\n5.08%<\/td>\n5.10%<\/td>\n41,678<\/td>\n15.30<\/td>\n1<\/td>\n-0.0797%<\/td>\n1,094.2<\/td>\n<\/tr>\n
Fixed-Floater<\/td>\n4.74%<\/td>\n4.84%<\/td>\n62,382<\/td>\n15.73<\/td>\n7<\/td>\n-0.0888%<\/td>\n1,053.4<\/td>\n<\/tr>\n
Floater<\/td>\n4.43%<\/td>\n4.48%<\/td>\n60,947<\/td>\n16.44<\/td>\n2<\/td>\n+0.3749%<\/td>\n850.7<\/td>\n<\/tr>\n
Op. Retract<\/td>\n4.84%<\/td>\n3.31%<\/td>\n84,754<\/td>\n2.62<\/td>\n15<\/td>\n+0.1139%<\/td>\n1,052.6<\/td>\n<\/tr>\n
Split-Share<\/td>\n5.32%<\/td>\n5.73%<\/td>\n74,631<\/td>\n4.17<\/td>\n13<\/td>\n-0.4936%<\/td>\n1,042.0<\/td>\n<\/tr>\n
Interest Bearing<\/td>\n6.15%<\/td>\n6.19%<\/td>\n57,985<\/td>\n3.84<\/td>\n3<\/td>\n+0.2713%<\/td>\n1,102.1<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.89%<\/td>\n5.30%<\/td>\n151,237<\/td>\n3.81<\/td>\n9<\/td>\n+0.0089%<\/td>\n1,021.6<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n5.68%<\/td>\n5.72%<\/td>\n327,345<\/td>\n14.20<\/td>\n63<\/td>\n+0.1815%<\/td>\n921.2<\/td>\n<\/tr>\n<\/table>\n<\/div>\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
IAG.PR.A<\/td>\nPerpetualDiscount<\/td>\n-2.4331%<\/td>\nNow with a pre-tax bid-YTW of 5.82% based on a bid of 20.05 and a limitMaturity<\/a>.<\/td>\n<\/tr>\n
LBS.PR.A<\/td>\nSplitShare<\/td>\n-1.1696%<\/td>\nAsset coverage of 2.2+:1 as of May 1, according to Brompton Group<\/a>. Now with a pre-tax bid-YTW of 5.05% based on a bid of 10.14 and a hardMaturity<\/a> 2013-11-29 at 10.00.<\/td>\n<\/tr>\n
HSB.PR.C<\/td>\nPerpetualDiscount<\/td>\n+1.0733%<\/td>\nNow with a pre-tax bid-YTW of 5.71% based on a bid of 22.60 and a limitMaturity.<\/td>\n<\/tr>\n
TD.PR.P<\/td>\nPerpetualDiscount<\/td>\n+1.2526%<\/td>\nNow with a pre-tax bid-YTW of 5.44% based on a bid of 24.25 and a limitMaturity.<\/td>\n<\/tr>\n
CU.PR.A<\/td>\nPerpetualPremium<\/td>\n+1.3645%<\/td>\nEx-Dividend today<\/a>. Now with a pre-tax bid-YTW of 5.63% based on a bid of 25.08 and a call 2012-3-31 at 25.00.<\/td>\n<\/tr>\n
W.PR.H<\/td>\nPerpetualDiscount<\/td>\n+1.3907%<\/td>\nNow with a pre-tax bid-YTW of 5.91% based on a bid of 23.33 and a limitMaturity.<\/td>\n<\/tr>\n
RY.PR.D<\/td>\nPerpetualDiscount<\/td>\n+1.5423%<\/td>\nNow with a pre-tax bid-YTW of 5.53% based on a bid of 20.41 and a limitMaturity.<\/td>\n<\/tr>\n
NA.PR.L<\/td>\nPerpetualDiscount<\/td>\n+2.4697%<\/td>\nNow with a pre-tax bid-YTW of 5.76% based on a bid of 21.16 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
FAL.PR.H<\/td>\nPerpetualPremium<\/td>\n187,300<\/td>\nDesjardins crossed 100,000 at 25.25, then another 86,500 at the same price. Now with a pre-tax bid-YTW of 4.13% based on a bid of 25.20 and a call 2008-6-4 at 25.00.<\/td>\n<\/tr>\n
BNS.PR.K<\/td>\nPerpetualDiscount<\/td>\n106,080<\/td>\nNow with a pre-tax bid-YTW of 5.44% based on a bid of 22.20 and a limitMaturity.<\/td>\n<\/tr>\n
ENB.PR.A<\/td>\nPerpetualDiscount<\/td>\n69,850<\/td>\nNesbitt crossed 63,600 at 24.75. Now with a pre-tax bid-YTW of 5.65% based on a bid of 24.76 and a limitMaturity.<\/td>\n<\/tr>\n
BMO.PR.L<\/td>\nPerpetualDiscount<\/td>\n65,065<\/td>\nNow with a pre-tax bid-YTW of 5.90% based on a bid of 24.87 and a limitMaturity.<\/td>\n<\/tr>\n
BMO.PR.I<\/td>\nOpRet<\/td>\n52,300<\/td>\n“Anonymous” bought two 20,000 share lots from Nesbitt at 25.05 … not necessarily the same “anonymous” for each lot! Now with a pre-tax bid-YTW of 1.43% based on a bid of 25.00 and a call 2008-6-4 at 25.00.<\/td>\n<\/tr>\n<\/table>\n<\/div>\n

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

Sorry, folks! Words of wisdom are in short supply today, so I’m just going to supply the links. What are Corporate Bonds Worth in a Recession – Accrued Interest, excellent! Yahoo! offer abandoned – Bloomberg …<\/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-2117","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/2117","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=2117"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/2117\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2117"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2117"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2117"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}