{"id":2518,"date":"2008-07-28T19:34:04","date_gmt":"2008-07-28T23:34:04","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=2518"},"modified":"2008-07-28T19:34:04","modified_gmt":"2008-07-28T23:34:04","slug":"july-28-2008","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=2518","title":{"rendered":"July 28, 2008"},"content":{"rendered":"

The PerpetualDiscount winning streak ended today – the index was down less than a beep, but it was down! Volume continues fairly light.<\/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>\nN\/A<\/td>\nN\/A<\/td>\nN\/A<\/td>\nN\/A<\/td>\n0<\/td>\nN\/A<\/td>\nN\/A<\/td>\n<\/tr>\n
Fixed-Floater<\/td>\n4.68%<\/td>\n4.39%<\/td>\n66,304<\/td>\n16.33<\/td>\n6<\/td>\n+0.0289%<\/td>\n1,085.8<\/td>\n<\/tr>\n
Floater<\/td>\n4.16%<\/td>\n4.18%<\/td>\n58,107<\/td>\n17.03<\/td>\n3<\/td>\n+0.8953%<\/td>\n887.9<\/td>\n<\/tr>\n
Op. Retract<\/td>\n4.99%<\/td>\n4.59%<\/td>\n131,811<\/td>\n3.41<\/td>\n17<\/td>\n-0.0994%<\/td>\n1,040.7<\/td>\n<\/tr>\n
Split-Share<\/td>\n5.38%<\/td>\n6.16%<\/td>\n61,773<\/td>\n4.49<\/td>\n14<\/td>\n-0.1275%<\/td>\n1,028.2<\/td>\n<\/tr>\n
Interest Bearing<\/td>\n6.14%<\/td>\n6.02%<\/td>\n41,127<\/td>\n3.67<\/td>\n3<\/td>\n-0.1669%<\/td>\n1,120.7<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n6.15%<\/td>\n6.17%<\/td>\n70,163<\/td>\n10.65<\/td>\n4<\/td>\n-0.0544%<\/td>\n981.4<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n6.32%<\/td>\n6.38%<\/td>\n226,376<\/td>\n13.38<\/td>\n67<\/td>\n-0.0063%<\/td>\n840.0<\/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
Major Price Changes<\/strong><\/td>\n<\/tr>\n
Issue<\/td>\nIndex<\/td>\nChange<\/td>\nNotes<\/td>\n<\/tr>\n
POW.PR.B<\/td>\nPerpetualDiscount<\/td>\n-2.0843%<\/td>\nNow with a pre-tax bid-YTW of 6.39% based on a bid of 21.14 and a limitMaturity<\/a>.<\/td>\n<\/tr>\n
BAM.PR.I<\/td>\nOpRet<\/td>\n-1.9786%<\/td>\nNow with a pre-tax bid-YTW of 6.73% based on a bid of 23.78 and a softMaturity<\/a> 2013-12-30 at 25.00. Compare with BAM.PR.H (6.49% to 2012-3-30), BAM.PR.J (7.00% to 2018-3-30) and BAM.PR.O (6.60% TO 2013-6-30) … and consider the rather odd report in the comments to July 25<\/a>!<\/td>\n<\/tr>\n
CM.PR.D<\/td>\nPerpetualDiscount<\/td>\n-1.9608%<\/td>\nNow with a pre-tax bid-YTW of 7.07% based on a bid of 20.50 and a limitMaturity.<\/td>\n<\/tr>\n
MFC.PR.B<\/td>\nPerpetualDiscount<\/td>\n-1.9500%<\/td>\nNow with a pre-tax bid-YTW of 6.02% based on a bid of 19.61 and a limitMaturity.<\/td>\n<\/tr>\n
PWF.PR.E<\/td>\nPerpetualDiscount<\/td>\n-1.5561%<\/td>\nNow with a pre-tax bid-YTW of 6.44% based on a bid of 21.51 and a limitMaturity.<\/td>\n<\/tr>\n
GWO.PR.F<\/td>\nPerpetualDiscount<\/td>\n-1.4028%<\/td>\nNow with a pre-tax bid-YTW of 6.06% based on a bid of 24.60 and a limitMaturity.<\/td>\n<\/tr>\n
BNA.PR.C<\/td>\nSplitShare<\/td>\n-1.3476%<\/td>\nAsset coverage of 3.2+:1 as of June 30, according to the company<\/a>. Now with a pre-tax bid-YTW of 8.92% based on a bid of 17.57 and a hardMaturity<\/a> 2019-1-10 at 25.00. Compare with BNA.PR.A (6.11% to 2010-9-30) and BNA.PR.B (8.55% to 2016-3-25).<\/td>\n<\/tr>\n
ENB.PR.A<\/td>\nPerpetualDiscount<\/td>\n-1.0846%<\/td>\nNow with a pre-tax bid-YTW of 6.13% based on a bid of 22.80 and a limitMaturity.<\/td>\n<\/tr>\n
BAM.PR.K<\/td>\nFloater<\/td>\n+1.0101%<\/td>\n <\/td>\n<\/tr>\n
PWF.PR.G<\/td>\nPerpetualDiscount<\/td>\n+1.1804%<\/td>\nNow with a pre-tax bid-YTW of 6.17% based on a bid of 24.00 and a limitMaturity.<\/td>\n<\/tr>\n
BAM.PR.B<\/td>\nFloater<\/td>\n+1.6757%<\/td>\n <\/td>\n<\/tr>\n
IAG.PR.A<\/td>\nPerpetualDiscount<\/td>\n+2.1148%<\/td>\nNow with a pre-tax bid-YTW of 6.90% based on a bid of 16.90 and a limitMaturity.<\/td>\n<\/tr>\n
BNS.PR.J<\/td>\nPerpetualDiscount<\/td>\n+2.5105%<\/td>\nNow with a pre-tax bid-YTW of 5.97% based on a bid of 22.05 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
ALB.PR.A<\/td>\nSplitShare<\/td>\n131,314<\/td>\nCIBC crossed 128,600 at 24.26. Asset coverage of 1.6+:1 as of July 24, according to Scotia Managed Companies<\/a>. Now with a pre-tax bid-YTW of 5.81% based on a bid of 24.26 and a hardMaturity 2011-2-28 at 25.00.<\/td>\n<\/tr>\n
TD.PR.M<\/td>\nOpRet<\/td>\n130,100<\/td>\nNesbitt crossed 130,000 at 26.05. Now with a pre-tax bid-YTW of 3.85% based on a bid of 26.02 and a softMaturity<\/a> 2013-10-30 at 25.00.<\/td>\n<\/tr>\n
TD.PR.O<\/td>\nPerpetualDiscount<\/td>\n39,011<\/td>\nNational crossed 30,000 at 20.84. Now with a pre-tax bid-YTW of 5.86% based on a bid of 20.81 and a limitMaturity.<\/td>\n<\/tr>\n
RY.PR.F<\/td>\nPerpetualDiscount<\/td>\n35,489<\/td>\nNow with a pre-tax bid-YTW of 6.33% based on a bid of 17.61 and a limitMaturity.<\/td>\n<\/tr>\n
TD.PR.Q<\/td>\nPerpetualDiscount<\/td>\n29,360<\/td>\nCIBC crossed 25,000 at 23.95. Now with a pre-tax bid-YTW of 5.87% based on a bid of 23.97 and a limitMaturity.<\/td>\n<\/tr>\n<\/table>\n<\/div>\n

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

The PerpetualDiscount winning streak ended today – the index was down less than a beep, but it was down! Volume continues fairly light. Note that these indices are experimental; the absolute and relative daily values …<\/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-2518","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/2518","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=2518"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/2518\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2518"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2518"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2518"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}