{"id":251,"date":"2006-11-06T23:19:57","date_gmt":"2006-11-07T03:19:57","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=251"},"modified":"2006-11-06T23:19:57","modified_gmt":"2006-11-07T03:19:57","slug":"november-6-2006","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=251","title":{"rendered":"November 6, 2006"},"content":{"rendered":"

Still behind, but moving fast! Index values will be updated in the extremely near future!<\/p>\n

Index values updated 2006-11-07<\/strong><\/p>\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<\/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>\n4.14%<\/td>\n4.07%<\/td>\n37,124<\/td>\n10.57<\/td>\n2<\/td>\n+0.1007%<\/td>\n1,014.6<\/td>\n<\/tr>\n
Fixed-Floater<\/td>\n4.82%<\/td>\n3.89%<\/td>\n135,608<\/td>\n10.71<\/td>\n7<\/td>\n+0.1258%<\/td>\n1,026.0<\/td>\n<\/tr>\n
Floater<\/td>\n4.51%<\/td>\n-20.51%<\/td>\n69,748<\/td>\n6.51<\/td>\n5<\/td>\n+0.0961%<\/td>\n1,028.2<\/td>\n<\/tr>\n
Op. Retract<\/td>\n4.68%<\/td>\n1.22%<\/td>\n82,395<\/td>\n2.28<\/td>\n18<\/td>\n0.0848%<\/td>\n1,024.1<\/td>\n<\/tr>\n
Split-Share<\/td>\n5.02%<\/td>\n3.64%<\/td>\n179,979<\/td>\n3.35<\/td>\n9<\/td>\n0.1733%<\/td>\n1,024.1<\/td>\n<\/tr>\n
Interest Bearing<\/td>\n6.93%<\/td>\n5.54%<\/td>\n58,957<\/td>\n2.41<\/td>\n7<\/td>\n-0.0916%<\/td>\n1,016.3<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.08%<\/td>\n3.94%<\/td>\n247,776<\/td>\n3.94<\/td>\n49<\/td>\n+0.0081%<\/td>\n1,041.6<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n4.59%<\/td>\n4.62%<\/td>\n596,718<\/td>\n16.15<\/td>\n7<\/td>\n-0.1036%<\/td>\n1,035.0<\/td>\n<\/tr>\n<\/table>\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
STW.PR.A<\/td>\nInterestBearing<\/td>\n-1.5748%<\/td>\nStill bouncing around, as it has for the last two<\/a> days<\/a>.<\/td>\n<\/tr>\n
ACO.PR.A<\/td>\nPerpetualPremium<\/td>\n+1.2545%<\/td>\nThis went ex-dividend today<\/a>, but nobody noticed! At the bid of $27.84, it has a YTW of 1.98% based on a call 2008-12-31 … yield will have been 3.24% if it survives until 2011-11-30.<\/td>\n<\/tr>\n<\/table>\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.C<\/td>\nPerpetualPremium<\/td>\n210,425<\/td>\nRecent New Issue<\/a><\/td>\n<\/tr>\n
HSB.PR.D<\/td>\nPerpetualPremium<\/td>\n60,200<\/td>\nScotia crossed 60,000 @ 26.65. The Pre-Tax YTW is 4.14% based on a call 2015-1-30.<\/td>\n<\/tr>\n
PWF.PR.L<\/td>\nPerpetualPremium<\/td>\n59,635<\/td>\nScotia crossed 50,000 @ 26.59. The Pre-Tax YTW is 4.32% based on a call 2015-11-30 … which makes you wonder who bought the HSB.PR.D!<\/td>\n<\/tr>\n
CM.PR.B<\/td>\nPerpetualPremium<\/td>\n57,630<\/td>\nPerhaps this is people cashing out of the called issue<\/a> to buy the new one<\/a>?<\/td>\n<\/tr>\n
RY.PR.B<\/td>\nPerpetualPremium<\/td>\n33,115<\/td>\nYTW of 4.42% based on a call 2015-9-23. OK, so maybe buyers of HSB.PR.D are full up of PWF.PR.L and buy another name. But why are buyers going after the RY.PR.B when the RY.PR.C yields 13bp more? Can a slightly lower chance of a call (and calls are good<\/a>, remember!) really be worth that much?<\/td>\n<\/tr>\n<\/table>\n

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

Still behind, but moving fast! Index values will be updated in the extremely near future! Index values updated 2006-11-07 Note that these indices are experimental; the absolute and relative daily values are expected to change …<\/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-251","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/251","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=251"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/251\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=251"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=251"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=251"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}