{"id":2339,"date":"2008-07-02T23:11:19","date_gmt":"2008-07-03T03:11:19","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=2339"},"modified":"2008-07-02T23:11:19","modified_gmt":"2008-07-03T03:11:19","slug":"july-2-2008","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=2339","title":{"rendered":"July 2, 2008"},"content":{"rendered":"

Sorry folks! I didn’t get the indices rebalanced today, so you’ll have to make do with the price-change (hint: yuck!) and volume (hint: zzzzzz…) tables.<\/p>\n

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\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
POW.PR.D<\/td>\nPerpetualDiscount<\/td>\n-2.9280%<\/td>\nNow with a pre-tax bid-YTW of 6.42% based on a bid of 19.56 and a limitMaturity<\/a>.<\/td>\n<\/tr>\n
CM.PR.E<\/td>\nPerpetualDiscount<\/td>\n-2.8998%<\/td>\nNow with a pre-tax bid-YTW of 6.33% based on a bid of 22.10 and a limitMaturity.<\/td>\n<\/tr>\n
BMO.PR.F<\/td>\nPerpetualDiscount<\/td>\n-2.8889%<\/td>\nNow with a pre-tax bid-YTW of 6.14% based on a bid of 21.85 and a limitMaturity.<\/td>\n<\/tr>\n
PWF.PR.H<\/td>\nPerpetualDiscount<\/td>\n-2.8733%<\/td>\nNow with a pre-tax bid-YTW of 6.10% based on a bid of 24.00 and a limitMaturity.<\/td>\n<\/tr>\n
BCE.PR.G<\/td>\nFixFloat<\/td>\n-2.8571%<\/td>\n <\/td>\n<\/tr>\n
CM.PR.J<\/td>\nPerpetualDiscount<\/td>\n-2.7968%<\/td>\nNow with a pre-tax bid-YTW of 6.62% based on a bid of 17.03 and a limitMaturity.<\/td>\n<\/tr>\n
CM.PR.H<\/td>\nPerpetualDiscount<\/td>\n-2.5276%<\/td>\nNow with a pre-tax bid-YTW of 6.50% based on a bid of 18.51 and a limitMaturity.<\/td>\n<\/tr>\n
BAM.PR.N<\/td>\nPerpetualDiscount<\/td>\n-2.1687%<\/td>\nNow with a pre-tax bid-YTW of 7.38% based on a bid of 16.24 and a limitMaturity.<\/td>\n<\/tr>\n
BCE.PR.I<\/td>\nFixFloat<\/td>\n-2.1231%<\/td>\n <\/td>\n<\/tr>\n
BCE.PR.Z<\/td>\nFixFloat<\/td>\n-1.6957%<\/td>\n <\/td>\n<\/tr>\n
CM.PR.G<\/td>\nPerpetualDiscount<\/td>\n-1.6721%<\/td>\nNow with a pre-tax bid-YTW of 6.39% based on a bid of 21.17 and a limitMaturity.<\/td>\n<\/tr>\n
RY.PR.F<\/td>\nPerpetualDiscount<\/td>\n-1.5831%<\/td>\nNow with a pre-tax bid-YTW of 6.06% based on a bid of 18.65 and a limitMaturity.<\/td>\n<\/tr>\n
RY.PR.D<\/td>\nPerpetualDiscount<\/td>\n-1.5699%<\/td>\nNow with a pre-tax bid-YTW of 6.07% based on a bid of 18.81 and a limitMaturity.<\/td>\n<\/tr>\n
GWO.PR.H<\/td>\nPerpetualDiscount<\/td>\n-1.5688%<\/td>\nNow with a pre-tax bid-YTW of 6.28% based on a bid of 19.45 and a limitMaturity.<\/td>\n<\/tr>\n
CM.PR.I<\/td>\nPerpetualDiscount<\/td>\n-1.5111%<\/td>\nNow with a pre-tax bid-YTW of 6.45% based on a bid of 18.25 and a limitMaturity.<\/td>\n<\/tr>\n
SLF.PR.B<\/td>\nPerpetualDiscount<\/td>\n-1.4925%<\/td>\nNow with a pre-tax bid-YTW of 6.11% based on a bid of 19.80 and a limitMaturity.<\/td>\n<\/tr>\n
BCE.PR.A<\/td>\nFixFloat<\/td>\n-1.4187%<\/td>\n <\/td>\n<\/tr>\n
PWF.PR.K<\/td>\nPerpetualDiscount<\/td>\n-1.3827%<\/td>\nNow with a pre-tax bid-YTW of 6.32% based on a bid of 19.97 and a limitMaturity.<\/td>\n<\/tr>\n
RY.PR.G<\/td>\nPerpetualDiscount<\/td>\n-1.3158%<\/td>\nNow with a pre-tax bid-YTW of 6.09% based on a bid of 18.75 and a limitMaturity.<\/td>\n<\/tr>\n
BMO.PR.J<\/td>\nPerpetualDiscount<\/td>\n-1.2987%<\/td>\nNow with a pre-tax bid-YTW of 6.01% based on a bid of 19.00 and a limitMaturity.<\/td>\n<\/tr>\n
MFC.PR.C<\/td>\nPerpetualDiscount<\/td>\n-1.2716%<\/td>\nNow with a pre-tax bid-YTW of 5.85% based on a bid of 19.41 and a limitMaturity.<\/td>\n<\/tr>\n
RY.PR.E<\/td>\nPerpetualDiscount<\/td>\n-1.2055%<\/td>\nNow with a pre-tax bid-YTW of 6.06% based on a bid of 18.85 and a limitMaturity.<\/td>\n<\/tr>\n
SLF.PR.A<\/td>\nPerpetualDiscount<\/td>\n-1.1970%<\/td>\nNow with a pre-tax bid-YTW of 6.04% based on a bid of 19.81 and a limitMaturity.<\/td>\n<\/tr>\n
SBN.PR.A<\/td>\nSplitShare<\/td>\n-1.1928%<\/td>\nAsset coverage of 2.2+:1 as of June 19, according to Mulvihill<\/a>. Now with a pre-tax bid-YTW of 5.42% based on a bid of 9.94 and a hardMaturity<\/a> 2014-12-1 at 10.00.<\/td>\n<\/tr>\n
SLF.PR.C<\/td>\nPerpetualDiscount<\/td>\n-1.1690%<\/td>\nNow with a pre-tax bid-YTW of 6.03% based on a bid of 18.60 and a limitMaturity. Look, I’ve got nothing against Sun Life Financial, OK? But when it starts trading THROUGH Royal Bank, something’s wrong.<\/td>\n<\/tr>\n
POW.PR.A<\/td>\nPerpetualDiscount<\/td>\n-1.1251%<\/td>\nNow with a pre-tax bid-YTW of 6.14% based on a bid of 22.85 and a limitMaturity.<\/td>\n<\/tr>\n
WFS.PR.A<\/td>\nSplitShare<\/td>\n-1.0977%<\/td>\nAsset coverage of just under 1.7:1 as of June 19, according to Mulvihill<\/a>. Now with a pre-tax bid-YTW of 9.18% based on a bid of 9.01 and a hardMaturity 2011-6-30 at 10.00. 9.18% for well protected three-year money?<\/b>.<\/td>\n<\/tr>\n
CU.PR.B<\/td>\nPerpetualPremium<\/td>\n+1.7735%<\/td>\nNow with a pre-tax bid-YTW of 5.90% based on a bid of 25.25 and a call 2012-7-1 at 25.00.<\/td>\n<\/tr>\n
RY.PR.G<\/td>\nPerpetualDiscount<\/td>\n-1.3158%<\/td>\nNow with a pre-tax bid-YTW of 6.09% based on a bid of 18.75 and a limitMaturity.<\/td>\n<\/tr>\n
BNA.PR.C<\/td>\nSplitShare<\/td>\n+8.0332%<\/td>\nAsset coverage of just under 3.6:1 as of May 30 according to the company<\/a>. Now with a pre-tax bid-YTW of 7.49% based on a bid of 19.50 and a hardMaturity 2019-1-10 at 25.00. Compare with BNA.PR.A (6.02% to 2010-9-30) and BNA.PR.B (8.56% to 2016-3-25).<\/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.B<\/td>\nPerpetualDiscount<\/td>\n121,800<\/td>\nTD crossed 82,900 at 19.70, then another 33,000 at the same price. Now with a pre-tax bid-YTW of 6.04% based on a bid of 19.75 and a limitMaturity.<\/td>\n<\/tr>\n
BMO.PR.I<\/td>\nOpRet<\/td>\n98,675<\/td>\nNow with a pre-tax bid-YTW of -0.11% based on a bid of 25.22 and a call 2008-8-1 at 25.00.<\/td>\n<\/tr>\n
GWO.PR.H<\/td>\nPerpetualDiscount<\/td>\n60,428<\/td>\nCIBC crossed 50,000 at 19.75. Now with a pre-tax bid-YTW of 6.28% based on a bid of 19.45 and a limitMaturity.<\/td>\n<\/tr>\n
TD.PR.O<\/td>\nPerpetualDiscount<\/td>\n47,930<\/td>\nTD crossed 25,000 at 21.25. Now with a pre-tax bid-YTW of 5.83% based on a bid of 21.19 and a limitMaturity.<\/td>\n<\/tr>\n
SLF.PR.D<\/td>\nPerpetualDiscount<\/td>\n45,029<\/td>\nRBC bought 10,000 from Scotia at 18.55. Now with a pre-tax bid-YTW of 6.04% based on a bid of 18.55 and a limitMaturity.<\/td>\n<\/tr>\n<\/table>\n<\/div>\n

There were thirteen other index-included $25-pv-equivalent issues trading over 10,000 shares today.<\/p>\n

Update, 2008-07-03<\/b>:<\/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>\n4.26%<\/td>\n3.86%<\/td>\n47,071<\/td>\n0.08<\/td>\n1<\/td>\n0.0000%<\/td>\n1,118.4<\/td>\n<\/tr>\n
Fixed-Floater<\/td>\n4.99%<\/td>\n4.79%<\/td>\n66,486<\/td>\n15.90<\/td>\n6<\/td>\n-1.2218%<\/td>\n1,016.6<\/td>\n<\/tr>\n
Floater<\/td>\n4.07%<\/td>\n4.08%<\/td>\n53,894<\/td>\n17.28<\/td>\n3<\/td>\n+0.0681%<\/td>\n904.4<\/td>\n<\/tr>\n
Op. Retract<\/td>\n4.92%<\/td>\n2.85%<\/td>\n187,130<\/td>\n2.65<\/td>\n17<\/td>\n-0.0114%<\/td>\n1,052.8<\/td>\n<\/tr>\n
Split-Share<\/td>\n5.32%<\/td>\n5.91%<\/td>\n67,210<\/td>\n4.16<\/td>\n14<\/td>\n+0.1682%<\/td>\n1,038.2<\/td>\n<\/tr>\n
Interest Bearing<\/td>\n6.12%<\/td>\n4.11%<\/td>\n46,253<\/td>\n2.01<\/td>\n3<\/td>\n+0.2375%<\/td>\n1,125.4<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.95%<\/td>\n5.87%<\/td>\n63,838<\/td>\n8.45<\/td>\n4<\/td>\n-0.2964%<\/td>\n1,008.4<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n6.04%<\/td>\n6.09%<\/td>\n252,963<\/td>\n13.58<\/td>\n67<\/td>\n-0.6100%<\/td>\n871.9<\/td>\n<\/tr>\n<\/table>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Sorry folks! I didn’t get the indices rebalanced today, so you’ll have to make do with the price-change (hint: yuck!) and volume (hint: zzzzzz…) tables. Major Price Changes Issue Index Change Notes POW.PR.D PerpetualDiscount -2.9280% …<\/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-2339","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/2339","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=2339"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/2339\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2339"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2339"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2339"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}