{"id":32257,"date":"2006-08-31T20:59:14","date_gmt":"2006-09-01T00:59:14","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=96"},"modified":"2006-08-31T20:59:14","modified_gmt":"2006-09-01T00:59:14","slug":"august-31-2006","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=32257","title":{"rendered":"August 31, 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>\n4.41%<\/td>\n4.37%<\/td>\n29,275<\/td>\n16.58<\/td>\n2<\/td>\n0.0406%<\/td>\n988.2<\/td>\n<\/tr>\n
Fixed-Floater<\/td>\n4.97%<\/td>\n4.14%<\/td>\n314,554<\/td>\n13.94<\/td>\n6<\/td>\n0.2749%<\/td>\n997.6<\/td>\n<\/tr>\n
Floater<\/td>\n4.59%<\/td>\n-18.25%<\/td>\n60,762<\/td>\n6.44<\/td>\n5<\/td>\n0.0718%<\/td>\n1,008.6<\/td>\n<\/tr>\n
Op. Retract<\/td>\n4.71%<\/td>\n2.39%<\/td>\n73,364<\/td>\n2.55<\/td>\n18<\/td>\n-0.0871%<\/td>\n1,006.7<\/td>\n<\/tr>\n
Split-Share<\/td>\n5.01%<\/td>\n3.42%<\/td>\n54,290<\/td>\n2.73<\/td>\n10<\/td>\n-0.0563%<\/td>\n1,005.5<\/td>\n<\/tr>\n
Interest Bearing<\/td>\n6.82%<\/td>\n5.03%<\/td>\n58,842<\/td>\n1.88<\/td>\n7<\/td>\n0.0612%<\/td>\n1,017.2<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.25%<\/td>\n4.27%<\/td>\n153,992<\/td>\n3.85<\/td>\n42<\/td>\n0.0663%<\/td>\n1,018.1<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n4.69%<\/td>\n4.67%<\/td>\n339,913<\/td>\n11.66<\/td>\n13<\/td>\n0.2667%<\/td>\n1,029.5<\/td>\n<\/tr>\n<\/table>\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
GWO.PR.E<\/td>\nOpRet<\/td>\n-1.6886%<\/td>\n\u00a0<\/td>\n<\/tr>\n
BAM.PR.G<\/td>\nFixedFloater (but not in index)<\/td>\n+2.5437%<\/td>\nA busy day for this issue, with 12,600 shares trading. Some traded as high as $26.80! I can’t imagine what all the fuss is about: these are “Fixed-Floater-to-Become-Ratchet-Rate” prefs, which will have their coupon adjusted (down, I bet!) on 2006-11-01; the alternative is to convert to ratchets. I don’t see any news releases, particularly not any that would indicate they’re going to increase the dividend! I think somebody just got suckered, that’s what I think. Holders can exchange into BAM.PR.E if they like, on 2006-11-01<\/td>\n<\/tr>\n
BAM.PR.E<\/td>\nRatchet (but not in index)<\/td>\n+1.0342%<\/td>\nThe bid’s way up on zero volume! Holders can exchange into BAM.PR.G on 2006-11-01, if they like. It’s all very mysterious.<\/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>\n329,826<\/td>\n\u00a0<\/td>\n<\/tr>\n
WN.PR.E<\/td>\nPerpetualDiscount<\/td>\n23,110<\/td>\n\u00a0<\/td>\n<\/tr>\n
SLF.PR.B<\/td>\nPerpetualDiscount<\/td>\n20,680<\/td>\n\u00a0<\/td>\n<\/tr>\n
GWO.PR.I<\/td>\nPerpetualDiscount<\/td>\n14,620<\/td>\n\u00a0<\/td>\n<\/tr>\n
BNS.PR.J<\/td>\nPerpetualPremium<\/td>\n14,054<\/td>\nNesbitt crossed 10,000 @ $27.00. The issue has a YTW of 4.10% at the closing bid price of $26.95<\/td>\n<\/tr>\n<\/table>\n

There were four other ‘normally priced’ ($25 par value) issues trading over 10,000 shares today.<\/p>\n

\n

\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-32257","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/32257","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=32257"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/32257\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=32257"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=32257"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=32257"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}