{"id":32208,"date":"2006-07-28T21:25:26","date_gmt":"2006-07-29T01:25:26","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=43"},"modified":"2006-07-28T21:25:26","modified_gmt":"2006-07-29T01:25:26","slug":"july-28-2006","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=32208","title":{"rendered":"July 28, 2006"},"content":{"rendered":"\n\n\n\n\n\n\n\n\n\n
Index<\/td>\nCurrent Yield (at bid)<\/td>\nYTW<\/td>\nAverage Trading Value<\/td>\nMod Dur (YTW)<\/td>\nIssues<\/td>\nDay’s Perf.<\/td>\nIndex Value<\/td>\n<\/tr>\n
Ratchet<\/td>\n4.21%<\/td>\n4.22%<\/td>\n92,290<\/td>\n17.01<\/td>\n2<\/td>\n0.3822%<\/td>\n997.9<\/td>\n<\/tr>\n
Fixed-Floater<\/td>\n5.22<\/td>\n3.92%<\/td>\n99,784<\/td>\n5.17<\/td>\n5<\/td>\n0.1523%<\/td>\n1,004.8<\/td>\n<\/tr>\n
Floater<\/td>\n4.54%<\/td>\n-15.02%<\/td>\n59,223<\/td>\n6.43<\/td>\n5<\/td>\n0.1680%<\/td>\n1,003.4<\/td>\n<\/tr>\n
Op. Retract<\/td>\n4.74%<\/td>\n3.19%<\/td>\n78,823<\/td>\n2.76<\/td>\n18<\/td>\n0.0154%<\/td>\n995.6<\/td>\n<\/tr>\n
Split-Share<\/td>\n5.17%<\/td>\n3.93%<\/td>\n47,897<\/td>\n2.85<\/td>\n14<\/td>\n0.1909%<\/td>\n1,000.2<\/td>\n<\/tr>\n
Interest Bearing<\/td>\n6.86%<\/td>\n5.15%<\/td>\n66,114<\/td>\n2.19<\/td>\n7<\/td>\n-0.1801%<\/td>\n1,009.4<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.32%<\/td>\n4.33%<\/td>\n124,166<\/td>\n3.86<\/td>\n40<\/td>\n0.0947%<\/td>\n1,005.8<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n4.77%<\/td>\n4.89%<\/td>\n388,850<\/td>\n15.84<\/td>\n14<\/td>\n0.0881%<\/td>\n1,005.8<\/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
MST.PR.A<\/td>\nInterestBearing<\/td>\n-1.43%<\/td>\n3,832 shares traded. It was up 1.55% yesterday on 6,088 shares … easy come, easy go.<\/td>\n<\/tr>\n
TDS.PR.B<\/td>\nSplitShare<\/td>\n+1.91%<\/td>\n900 shares traded. Somebody didn’t want many shares, but they REALLY wanted them. This issue is callable at 28.10 in November and is now quoted at 28.50-65. YTW is -0.03%<\/td>\n<\/tr>\n<\/table>\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
CM.PR.C<\/td>\nPerpetualPremium<\/td>\n204,166<\/td>\nBMO crossed 200,000 @26.84 for delayed delivery.<\/td>\n<\/tr>\n
SLF.PR.B<\/td>\nPerpetualPremium<\/td>\n105,942<\/td>\nGained 0.48% on day.<\/td>\n<\/tr>\n
GWO.PR.G<\/td>\nPerpetualPremium<\/td>\n35,570<\/td>\nScotia bought 20,000 from CIBC @26.00<\/td>\n<\/tr>\n
RY.PR.B<\/td>\nPerpetualDiscount<\/td>\n14,000<\/td>\nIs the “Inventory Reduction Sale” over?<\/td>\n<\/tr>\n
MFC.PR.C<\/td>\nPerpetualDiscount<\/td>\n12,600<\/td>\n\u00a0<\/td>\n<\/tr>\n
SLF.PR.C<\/td>\nPerpetualDiscount<\/td>\n10,900<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

There were no other index-included issues with volume in excess of 10,000 shares.<\/p>\n

My more observant readers will have noticed that the “Perpetual” index has been split into “Premium” and “Discount”. With a bi-modal distribution of index characteristics, the averages didn’t make a\u00a0lot of sense. I don’t really know if this will be a permanent change – I’ll have to see what happens over time, when I get around to writing and testing automated index preparation software. If there aren’t any discount perpetuals in my database, for instance, I’m not sure what I’ll do or how meaningfully I’ll be able to present the results. Stay tuned!<\/p>\n","protected":false},"excerpt":{"rendered":"

Index Current Yield (at bid) YTW Average Trading Value Mod Dur (YTW) Issues Day’s Perf. Index Value Ratchet 4.21% 4.22% 92,290 17.01 2 0.3822% 997.9 Fixed-Floater 5.22 3.92% 99,784 5.17 5 0.1523% 1,004.8 Floater 4.54% …<\/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-32208","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/32208","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=32208"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/32208\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=32208"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=32208"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=32208"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}