{"id":2139,"date":"2008-05-09T19:49:14","date_gmt":"2008-05-09T23:49:14","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=2139"},"modified":"2008-05-09T19:49:14","modified_gmt":"2008-05-09T23:49:14","slug":"may-9-2009","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=2139","title":{"rendered":"May 9, 2008"},"content":{"rendered":"<p>Absolutely nothing happened today, so there&#8217;s no commentary.<\/p>\n<p>I was, however, able to devote some thought to the issue of <a href=\"http:\/\/stevemunro.ca\/?p=817\">naming rights to TTC stations<\/a>. It&#8217;s a great idea! Just think of the money the TTC could make from station names like:<\/p>\n<ul>\n<li>Old Mill-waukee\n<li>Dundas Westjet\n<li>The Elephant and Castle Frank\n<li>Victoria&#8217;s Secret Park\n<li>Viagra Makes Your Coxwell<\/ul>\n<p>Why, they might even be able to afford a new bucket at Osgoode Station, to replace the old one they&#8217;re currently using to catch the drips from the ceiling when it rains.<\/p>\n<p>Oh, and there&#8217;s <a href=\"http:\/\/www.bloomberg.com\/apps\/news?pid=20601213&#038;sid=aDWhAUG3p_SQ&#038;refer=home\">more news<\/a> on the <a href=\"http:\/\/accruedint.blogspot.com\/2007\/10\/in-this-fund-you-will-find-new.html\">Jim Kelsoe story<\/a>.<\/p>\n<p>But that&#8217;s it.<\/p>\n<div align=\"center\">\n<table border=\"1\">\n<tr>\n<td colspan=\"8\"><strong>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<tr>\n<td>Index<\/td>\n<td>Mean Current Yield (at bid)<\/td>\n<td>Mean YTW<\/td>\n<td>Mean Average Trading Value<\/td>\n<td>Mean Mod Dur (YTW)<\/td>\n<td>Issues<\/td>\n<td>Day&#8217;s Perf.<\/td>\n<td>Index Value<\/td>\n<\/tr>\n<tr>\n<td>Ratchet<\/td>\n<td>4.96%<\/td>\n<td>4.96%<\/td>\n<td>43,347<\/td>\n<td>15.60<\/td>\n<td>1<\/td>\n<td>0.0000%<\/td>\n<td>1,092.0<\/td>\n<\/tr>\n<tr>\n<td>Fixed-Floater<\/td>\n<td>4.71%<\/td>\n<td>4.75%<\/td>\n<td>61,902<\/td>\n<td>15.88<\/td>\n<td>7<\/td>\n<td>+0.1128%<\/td>\n<td>1,058.6<\/td>\n<\/tr>\n<tr>\n<td>Floater<\/td>\n<td>4.25%<\/td>\n<td>4.29%<\/td>\n<td>62,001<\/td>\n<td>16.81<\/td>\n<td>2<\/td>\n<td>+2.0765%<\/td>\n<td>888.7<\/td>\n<\/tr>\n<tr>\n<td>Op. Retract<\/td>\n<td>4.83%<\/td>\n<td>3.21%<\/td>\n<td>86,236<\/td>\n<td>2.75<\/td>\n<td>15<\/td>\n<td>+0.0625%<\/td>\n<td>1,053.6<\/td>\n<\/tr>\n<tr>\n<td>Split-Share<\/td>\n<td>5.28%<\/td>\n<td>5.55%<\/td>\n<td>72,306<\/td>\n<td>4.16<\/td>\n<td>13<\/td>\n<td>-0.2449%<\/td>\n<td>1,050.5<\/td>\n<\/tr>\n<tr>\n<td>Interest Bearing<\/td>\n<td>6.13%<\/td>\n<td>6.04%<\/td>\n<td>55,305<\/td>\n<td>3.83<\/td>\n<td>3<\/td>\n<td>-0.2664%<\/td>\n<td>1,105.9<\/td>\n<\/tr>\n<tr>\n<td>Perpetual-Premium<\/td>\n<td>5.89%<\/td>\n<td>5.43%<\/td>\n<td>145,778<\/td>\n<td>3.80<\/td>\n<td>9<\/td>\n<td>+0.0223%<\/td>\n<td>1,021.1<\/td>\n<\/tr>\n<tr>\n<td>Perpetual-Discount<\/td>\n<td>5.69%<\/td>\n<td>5.73%<\/td>\n<td>312,887<\/td>\n<td>14.29<\/td>\n<td>63<\/td>\n<td>-0.0698%<\/td>\n<td>919.6<\/td>\n<\/tr>\n<\/table>\n<\/div>\n<div align=\"center\">\n<table border=\"1\">\n<tr>\n<td colspan=\"4\"><strong>Major Price Changes<\/strong><\/td>\n<\/tr>\n<tr>\n<td>Issue<\/td>\n<td>Index<\/td>\n<td>Change<\/td>\n<td>Notes<\/td>\n<\/tr>\n<tr>\n<td>CIU.PR.A<\/td>\n<td>PerpetualDiscount<\/td>\n<td>-2.1480%<\/td>\n<td>Now with a pre-tax bid-YTW of 5.62% based on a bid of 20.50 and a <a href=\"http:\/\/www.prefshares.com\/glossary.html#limitMaturity\">limitMaturity<\/a>.<\/td>\n<\/tr>\n<tr>\n<td>LFE.PR.A<\/td>\n<td>SplitShare<\/td>\n<td>-1.7143%<\/td>\n<td>Asset coverage of just under 2.5:1 as of April 30, according to <a href=\"http:\/\/www.lifesplit.com\/valuations.html\">the company<\/a>. Now with a pre-tax bid-YTW of 4.51% based on a bid of 10.32 and a <a HREF=\"http:\/\/www.prefshares.com\/glossary.html#hardMaturity\">hardMaturity<\/a> 2012-12-1 at 10.00.<\/td>\n<\/tr>\n<tr>\n<td>FFN.PR.A<\/td>\n<td>SplitShare<\/td>\n<td>-1.6667%<\/td>\n<td>Asset coverage of 2.0+:1 as of April 30 according to <a href=\"http:\/\/www.financial15.com\/valuations.html\">the company<\/a>. Now with a pre-tax bid-YTW of 5.25% based on a bid of 10.03 and a hardMaturity 2014-12-1 at 10.00.<\/td>\n<\/tr>\n<tr>\n<td>HSB.PR.D<\/td>\n<td>PerpetualDiscount<\/td>\n<td>-1.1717%<\/td>\n<td>Now with a pre-tax bid-YTW of 5.78% based on a bid of 21.93 and a limitMaturity.<\/td>\n<\/tr>\n<tr>\n<td>BMO.PR.H<\/td>\n<td>PerpetualDiscount<\/td>\n<td>+1.5287%<\/td>\n<td>Now with a pre-tax bid-YTW of 5.49% based on a bid of 23.91 and a limitMaturity.<\/td>\n<\/tr>\n<tr>\n<td>TCA.PR.Y<\/td>\n<td>PerpetualDiscount<\/td>\n<td>-1.1270%<\/td>\n<td>Now with a pre-tax bid-YTW of 5.78% based on a bid of 48.25 and a limitMaturity.<\/td>\n<\/tr>\n<tr>\n<td>BMO.PR.H<\/td>\n<td>PerpetualDiscount<\/td>\n<td>-1.0874%<\/td>\n<td>Now with a pre-tax bid-YTW of 5.56% based on a bid of 23.65 and a limitMaturity.<\/td>\n<\/tr>\n<tr>\n<td>CM.PR.E<\/td>\n<td>PerpetualDiscount<\/td>\n<td>-1.0105%<\/td>\n<td>Now with a pre-tax bid-YTW of 6.00% based on a bid of 23.51 and a limitMaturity.<\/td>\n<\/tr>\n<tr>\n<td>IAG.PR.A<\/td>\n<td>PerpetualDiscount<\/td>\n<td>+1.1788%<\/td>\n<td>Now with a pre-tax bid-YTW of 5.66% based on a bid of 20.60 and a limitMaturity.<\/td>\n<\/tr>\n<tr>\n<td>BAM.PR.B<\/td>\n<td>Floater<\/td>\n<td>+4.1429%<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<\/table>\n<\/div>\n<div align=\"center\">\n<table border=\"1\">\n<tr>\n<td colspan=\"4\"><strong>Volume Highlights<\/strong><\/td>\n<\/tr>\n<tr>\n<td>Issue<\/td>\n<td>Index<\/td>\n<td>Volume<\/td>\n<td>Notes<\/td>\n<\/tr>\n<tr>\n<td>BNS.PR.K<\/td>\n<td>PerpetualDiscount<\/td>\n<td>458,925<\/td>\n<td>Now with a pre-tax bid-YTW of 5.53% based on a bid of 21.86 and a limitMaturity.<\/td>\n<\/tr>\n<tr>\n<td>SLF.PR.B<\/td>\n<td>PerpetualDiscount<\/td>\n<td>89,500<\/td>\n<td>Now with a pre-tax bid-YTW of 5.60% based on a bid of 21.65 and a limitMaturity.<\/td>\n<\/tr>\n<tr>\n<td>RY.PR.H<\/td>\n<td>PerpetualDiscount<\/td>\n<td>69,640<\/td>\n<td>Now with a pre-tax bid-YTW of 5.74% based on a bid of 24.77 and a limitMaturity.<\/td>\n<\/tr>\n<tr>\n<td>BMO.PR.J<\/td>\n<td>PerpetualDiscount<\/td>\n<td>58,090<\/td>\n<td>Now with a pre-tax bid-YTW of 5.61% based on a bid of 20.12 and a limitMaturity.<\/td>\n<\/tr>\n<tr>\n<td>BMO.PR.K<\/td>\n<td>PerpetualDiscount<\/td>\n<td>32,800<\/td>\n<td>Now with a pre-tax bid-YTW of 5.78% based on a bid of 22.76 and a limitMaturity.<\/td>\n<\/tr>\n<\/table>\n<\/div>\n<p>There were twelve other index-included $25-pv-equivalent issues trading over 10,000 shares today<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Absolutely nothing happened today, so there&#8217;s no commentary. I was, however, able to devote some thought to the issue of naming rights to TTC stations. It&#8217;s a great idea! Just think of the money the &hellip;<\/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-2139","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/2139","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=2139"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/2139\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2139"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2139"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2139"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}