{"id":32269,"date":"2006-09-15T12:26:58","date_gmt":"2006-09-15T16:26:58","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=108"},"modified":"2006-09-15T12:26:58","modified_gmt":"2006-09-15T16:26:58","slug":"september-14-2006","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=32269","title":{"rendered":"September 14, 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>\n4.47%<\/td>\n4.49%<\/td>\n41,817<\/td>\n16.49<\/td>\n1<\/td>\n0.0000%<\/td>\n999.2<\/td>\n<\/tr>\n
Fixed-Floater<\/td>\n4.91%<\/td>\n3.94%<\/td>\n314,996<\/td>\n11.53<\/td>\n6<\/td>\n0.1484%<\/td>\n1,010.9<\/td>\n<\/tr>\n
Floater<\/td>\n4.67%<\/td>\n-12.70%<\/td>\n91,194<\/td>\n8.14<\/td>\n4<\/td>\n-0.2448%<\/td>\n1,008.9<\/td>\n<\/tr>\n
Op. Retract<\/td>\n4.70%<\/td>\n2.52%<\/td>\n78,745<\/td>\n2.40<\/td>\n18<\/td>\n-0.0240%<\/td>\n1,012.0<\/td>\n<\/tr>\n
Split-Share<\/td>\n4.99%<\/td>\n3.08%<\/td>\n55,308<\/td>\n2.70<\/td>\n10<\/td>\n-0.2135%<\/td>\n1,009.8<\/td>\n<\/tr>\n
Interest Bearing<\/td>\n6.86%<\/td>\n4.76%<\/td>\n57,113<\/td>\n2.09<\/td>\n7<\/td>\n0.1203%<\/td>\n1,020.5<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.15%<\/td>\n4.19%<\/td>\n180,543<\/td>\n4.40<\/td>\n48<\/td>\n0.0496%<\/td>\n1,023.0<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n4.62%<\/td>\n4.63%<\/td>\n311,417<\/td>\n16.20<\/td>\n6<\/td>\n0.1087%<\/td>\n1,030.3<\/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
FFN.PR.A<\/td>\nSplitShare<\/td>\n-1.8868%<\/td>\nNow quoted at an attractive YTW of 3.98% (as dividends!), based on a maturity 2009-12-01 and a bid price of $10.40.<\/td>\n<\/tr>\n
BCE.PR.R<\/td>\nFixedFloater<\/td>\n+1.3732%<\/td>\nIt did this on a high volume of 100,800 shares. Can’t think why – they look rather expensive to me!<\/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
GWO.PR.X<\/td>\nOpRet<\/td>\n402,470<\/td>\nThese have a YTW of 2.82% at the closing bid of 27.35, based on a call in 2009 at $26.00. If they survive until their soft-maturity in 2013, the yield from today’s closing bid of $27.35 will be 3.28%. The dividend’s only $1.20 and GWO will save $0.25 annually by delaying, so there’s a good chance they’ll make it!<\/td>\n<\/tr>\n
TOC.PR.B<\/td>\nFloater<\/td>\n173,900<\/td>\n\u00a0<\/td>\n<\/tr>\n
BC.PR.E<\/td>\nScraps<\/td>\n133,900<\/td>\nA ratchet-rate issue, discussed here<\/a>, currently ignomiously in “Scraps” due to low volume.<\/td>\n<\/tr>\n
BCE.PR.R<\/td>\nFixed Floater<\/td>\n100,800<\/td>\nA powerful day, performance (bid\/bid) +1.3732% on this volume. Can’t think who might have wanted it so badly! It pays only $1.135 until 2010-12-1, at which point the rate will be reset and holders might have to convert to the (currently non-existent) ratchet-rate.<\/td>\n<\/tr>\n
BAM.PR.K<\/td>\nFloater<\/td>\n93,550<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

There were thirteen other index-included issues trading over 10,000 shares today.\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-32269","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/32269","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=32269"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/32269\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=32269"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=32269"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=32269"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}