{"id":2262,"date":"2008-06-13T21:14:05","date_gmt":"2008-06-14T01:14:05","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=2262"},"modified":"2008-06-13T21:14:05","modified_gmt":"2008-06-14T01:14:05","slug":"june-13-2008","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=2262","title":{"rendered":"June 13, 2008"},"content":{"rendered":"

No time! Those whose days are incomplete without PrefBlog’s commentary are urged to send me Deep Thoughts that I can pass off as my own.<\/p>\n

Yet another crummy day in the preferred share market and yet again the SunLife issues got hammered.<\/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>\n4.15%<\/td>\n4.06%<\/td>\n49,490<\/td>\n0.16<\/td>\n1<\/td>\n+0.0000%<\/td>\n1,114.1<\/td>\n<\/tr>\n
Fixed-Floater<\/td>\n4.92%<\/td>\n4.67%<\/td>\n59,975<\/td>\n16.05<\/td>\n7<\/td>\n-0.2005%<\/td>\n1,016.7<\/td>\n<\/tr>\n
Floater<\/td>\n4.13%<\/td>\n4.12%<\/td>\n66,527<\/td>\n17.19<\/td>\n2<\/td>\n-0.9244%<\/td>\n927.5<\/td>\n<\/tr>\n
Op. Retract<\/td>\n4.84%<\/td>\n2.53%<\/td>\n85,391<\/td>\n2.40<\/td>\n15<\/td>\n+0.0629%<\/td>\n1,057.5<\/td>\n<\/tr>\n
Split-Share<\/td>\n5.29%<\/td>\n5.50%<\/td>\n69,003<\/td>\n4.17<\/td>\n15<\/td>\n+0.1134%<\/td>\n1,051.6<\/td>\n<\/tr>\n
Interest Bearing<\/td>\n6.09%<\/td>\n6.02%<\/td>\n46,529<\/td>\n3.77<\/td>\n3<\/td>\n+0.0335%<\/td>\n1,118.6<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.88%<\/td>\n4.97%<\/td>\n384,454<\/td>\n9.64<\/td>\n13<\/td>\n-0.1614%<\/td>\n1,019.8<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n5.81%<\/td>\n5.87%<\/td>\n221,373<\/td>\n14.06<\/td>\n59<\/td>\n-0.4128%<\/td>\n902.8<\/td>\n<\/tr>\n<\/table>\n<\/div>\n
\n\n\n\n\n\n\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
BNS.PR.N<\/td>\nPerpetualDiscount<\/td>\n-3.0808%<\/td>\nNow with a pre-tax bid-YTW of 5.72% based on a bid of 23.28 and a limitMaturity<\/a>.<\/td>\n<\/tr>\n
SLF.PR.C<\/td>\nPerpetualDiscount<\/td>\n-2.8647%<\/td>\nNow with a pre-tax bid-YTW of 6.10% based on a bid of 18.31 and a limitMaturity.<\/td>\n<\/tr>\n
MFC.PR.B<\/td>\nPerpetualDiscount<\/td>\n-2.8302%<\/td>\nNow with a pre-tax bid-YTW of 5.68% based on a bid of 20.60 and a limitMaturity.<\/td>\n<\/tr>\n
BNS.PR.K<\/td>\nPerpetualDiscount<\/td>\n-2.1364%<\/td>\nNow with a pre-tax bid-YTW of 5.66% based on a bid of 21.53 and a limitMaturity.<\/td>\n<\/tr>\n
BAM.PR.B<\/td>\nFloater<\/td>\n-1.9512%<\/td>\n <\/td>\n<\/tr>\n
RY.PR.B<\/td>\nPerpetualDiscount<\/td>\n-1.9130%<\/td>\nNow with a pre-tax bid-YTW of 5.79% based on a bid of 20.51 and a limitMaturity.<\/td>\n<\/tr>\n
SLF.PR.B<\/td>\nPerpetualDiscount<\/td>\n-1.4342%<\/td>\nNow with a pre-tax bid-YTW of 6.05% based on a bid of 19.93 and a limitMaturity.<\/td>\n<\/tr>\n
GWO.PR.H<\/td>\nPerpetualDiscount<\/td>\n-1.4078%<\/td>\nNow with a pre-tax bid-YTW of 5.79% based on a bid of 21.01 and a limitMaturity.<\/td>\n<\/tr>\n
BMO.PR.K<\/td>\nPerpetualDiscount<\/td>\n-1.3650%<\/td>\nNow with a pre-tax bid-YTW of 5.92% based on a bid of 22.40 and a limitMaturity.<\/td>\n<\/tr>\n
TD.PR.O<\/td>\nPerpetualDiscount<\/td>\n-1.2999%<\/td>\nNow with a pre-tax bid-YTW of 5.58% based on a bid of 22.02 and a limitMaturity.<\/td>\n<\/tr>\n
BMO.PR.H<\/td>\nPerpetualDiscount<\/td>\n-1.1578%<\/td>\nNow with a pre-tax bid-YTW of 5.77% based on a bid of 23.05 and a limitMaturity.<\/td>\n<\/tr>\n
GWO.PR.G<\/td>\nPerpetualDiscount<\/td>\n-1.0277%<\/td>\nNow with a pre-tax bid-YTW of 5.89% based on a bid of 22.15 and a limitMaturity.<\/td>\n<\/tr>\n
SLF.PR.D<\/td>\nPerpetualDiscount<\/td>\n-1.0155%<\/td>\nNow with a pre-tax bid-YTW of 6.03% based on a bid of 18.52 and a limitMaturity.<\/td>\n<\/tr>\n
BAM.PR.J<\/td>\nOpRet<\/td>\n+1.0509%<\/td>\nNow with a pre-tax bid-YTW of 5.40% based on a bid of 25.00 and a softMaturity<\/a> 2018-3-30 at 25.00.<\/td>\n<\/tr>\n
HSB.PR.D<\/td>\nPerpetualDiscount<\/td>\n+1.3283%<\/td>\nNow with a pre-tax bid-YTW of 5.88% based on a bid of 21.36 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
TCA.PR.Y<\/td>\nPerpetualDiscount<\/td>\n62,176<\/td>\nCIBC crossed 59,300 at 49.01. Now with a pre-tax bid-YTW of 5.72% based on a bid of 49.00 and a limitMaturity.<\/td>\n<\/tr>\n
BMO.PR.J<\/td>\nPerpetualDiscount<\/td>\n112,500<\/td>\nNesbitt crossed 100,000 at 20.00, after clearing out 8,300 shares offered in four tranches from 19.94 to 19.97. Now with a pre-tax bid-YTW of 5.71% based on a bid of 19.90 and a limitMaturity.<\/td>\n<\/tr>\n
CM.PR.D<\/td>\nPerpetualDiscount<\/td>\n36,694<\/td>\nNow with a pre-tax bid-YTW of 5.94% based on a bid of 24.55 and a limitMaturity.<\/td>\n<\/tr>\n
GWO.PR.I<\/td>\nPerpetualDiscount<\/td>\n29,100<\/td>\nNow with a pre-tax bid-YTW of 5.76% based on a bid of 19.62 and a limitMaturity.<\/td>\n<\/tr>\n
BMO.PR.L<\/td>\nPerpetualPremium<\/td>\n27,060<\/td>\nNow with a pre-tax bid-YTW of 5.91% based on a bid of 25.00 and a limitMaturity.<\/td>\n<\/tr>\n<\/table>\n<\/div>\n

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

No time! Those whose days are incomplete without PrefBlog’s commentary are urged to send me Deep Thoughts that I can pass off as my own. Yet another crummy day in the preferred share market and …<\/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-2262","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/2262","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=2262"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/2262\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2262"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2262"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2262"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}