{"id":32249,"date":"2006-08-23T22:37:41","date_gmt":"2006-08-24T02:37:41","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=88"},"modified":"2006-08-23T22:37:41","modified_gmt":"2006-08-24T02:37:41","slug":"august-23-2006","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=32249","title":{"rendered":"August 23, 2006"},"content":{"rendered":"\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>\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>\n4.38%<\/td>\n4.36%<\/td>\n27,056<\/td>\n16.57<\/td>\n2<\/td>\n-0.2016%<\/td>\n986.2<\/td>\n<\/tr>\n
Fixed-Floater<\/td>\n4.95%<\/td>\n4.15%<\/td>\n268,331<\/td>\n11.47<\/td>\n6<\/td>\n0.7703%<\/td>\n1,002.2<\/td>\n<\/tr>\n
Floater<\/td>\n4.59%<\/td>\n-19.64%<\/td>\n60,165<\/td>\n6.44<\/td>\n5<\/td>\n-0.2679%<\/td>\n1,009.7<\/td>\n<\/tr>\n
Op. Retract<\/td>\n4.71%<\/td>\n2.85%<\/td>\n75,881<\/td>\n2.57<\/td>\n18<\/td>\n0.0732%<\/td>\n1,004.6<\/td>\n<\/tr>\n
Split-Share<\/td>\n5.01%<\/td>\n3.60%<\/td>\n56,016<\/td>\n2.75<\/td>\n10<\/td>\n0.0061%<\/td>\n1,003.1<\/td>\n<\/tr>\n
Interest Bearing<\/td>\n6.83%<\/td>\n5.09%<\/td>\n59,939<\/td>\n2.12<\/td>\n7<\/td>\n0.1704%<\/td>\n1,013.7<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.27%<\/td>\n4.14%<\/td>\n164,138<\/td>\n3.79<\/td>\n42<\/td>\n0.0063%<\/td>\n1,013.7<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n4.72%<\/td>\n4.73%<\/td>\n338,076<\/td>\n12.35<\/td>\n13<\/td>\n0.0688%<\/td>\n1,020.6<\/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
BCE.PR.A<\/td>\nFixedFloater<\/td>\n+4.0875%<\/td>\nRecovering from yesterday’s swoon. Scotia crossed 25,000 @25.25, an impressively repetetive trade. Closed at $25.21-29, so things are back to normal … for now!<\/td>\n<\/tr>\n
CM.PR.D<\/td>\nPerpetualPremium<\/td>\n+1.1654%<\/td>\nThe pre-tax YTW is only 3.72 at the closing bid of $26.91<\/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
BC.PR.C<\/td>\nFixedFloater<\/td>\n166,809<\/td>\n\u00a0<\/td>\n<\/tr>\n
TD.PR.O<\/td>\nPerpetualPremium<\/td>\n136,800<\/td>\n\u00a0<\/td>\n<\/tr>\n
POW.PR.D<\/td>\nPerpetualPremium<\/td>\n62,780<\/td>\nNesbitt crossed 50,000 @25.60<\/td>\n<\/tr>\n
TOC.PR.B<\/td>\nFloater<\/td>\n50,741<\/td>\nCIBC sold a whack @25.50: 24,400 to Nesbitt; 25,000 to Desjardins and 500 (sic) to Royal – must have been a retail bid that was in the way.<\/td>\n<\/tr>\n
BMO.PR.I<\/td>\nOpRet<\/td>\n38,600<\/td>\nScotia crossed 37,300 @ 25.50; YTW of this issue is a niggardly 2.61% at the closing bid of 25.42, based on a call as soon as the redemption price goes down to $25.25 at the end of November. It’s more likely, however, that BMO will keep the issue alive for another year, paying $1.1875 dividend but saving $0.25 on the redemption price. This scenario implies a pre-tax YTM of 3.97%, not bad at all … if you can rely on BMO not calling the issue!<\/td>\n<\/tr>\n<\/table>\n

There were seven other index-included issues with volumes of more than 10,000 shares.\n<\/p>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Note that these indices are experimental; the absolute and relative daily values are expected to change in the final version Index Current Yield (at bid) YTW Average Trading Value Mod Dur (YTW) Issues Day’s Perf. …<\/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-32249","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/32249","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=32249"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/32249\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=32249"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=32249"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=32249"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}