{"id":32277,"date":"2006-09-20T22:19:31","date_gmt":"2006-09-21T02:19:31","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=117"},"modified":"2006-09-20T22:19:31","modified_gmt":"2006-09-21T02:19:31","slug":"september-20-2006","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=32277","title":{"rendered":"September 20, 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>\n4.43%<\/td>\n4.46%<\/td>\n44,483<\/td>\n16.54<\/td>\n1<\/td>\n0.1619%<\/td>\n1,007.3<\/td>\n<\/tr>\n
Fixed-Floater<\/td>\n4.89%<\/td>\n3.87%<\/td>\n304,429<\/td>\n8.96<\/td>\n6<\/td>\n0.0337%<\/td>\n1,014.0<\/td>\n<\/tr>\n
Floater<\/td>\n4.64%<\/td>\n-18.23%<\/td>\n97,098<\/td>\n8.11<\/td>\n4<\/td>\n0.1705%<\/td>\n1,015.8<\/td>\n<\/tr>\n
Op. Retract<\/td>\n4.69%<\/td>\n2.33%<\/td>\n83,044<\/td>\n2.39<\/td>\n18<\/td>\n0.0084%<\/td>\n1,013.6<\/td>\n<\/tr>\n
Split-Share<\/td>\n4.98%<\/td>\n3.05%<\/td>\n57,549<\/td>\n2.69<\/td>\n10<\/td>\n0.1534%<\/td>\n1,011.7<\/td>\n<\/tr>\n
Interest Bearing<\/td>\n6.86%<\/td>\n4.60%<\/td>\n56,882<\/td>\n2.08<\/td>\n7<\/td>\n0.0674%<\/td>\n1,021.9<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.14%<\/td>\n4.03%<\/td>\n178,277<\/td>\n4.18<\/td>\n48<\/td>\n0.0860%<\/td>\n1,025.3<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n4.60%<\/td>\n4.61%<\/td>\n322,817<\/td>\n16.22<\/td>\n6<\/td>\n0.1568%<\/td>\n1,035.2<\/td>\n<\/tr>\n<\/table>\n\n\n\n\n
Major Price Changes<\/strong><\/td>\n<\/tr>\n
Issue<\/td>\nIndex<\/td>\nChange<\/td>\nNotes<\/td>\n<\/tr>\n
There were no index-included issues with absolute value of returns greater than 1% today.<\/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
POW.PR.B<\/td>\nPerpetualPremium<\/td>\n66,464<\/td>\nWent ex-dividend today<\/td>\n<\/tr>\n
WFS.PR.A<\/td>\nSplitShare<\/td>\n55,000<\/td>\nScotia crossed 50,000 @ 10.65. An attractive issue, with a pre-tax YTW of 3.86% and a modified duration of 4.24 years based on a June 30, 2011, maturity.<\/td>\n<\/tr>\n
GWO.PR.I<\/td>\nPerpetualDiscount<\/td>\n51,295<\/td>\nPre-tax YTW now 4.60 at the closing bid of $24.51.<\/td>\n<\/tr>\n
CU.PR.A<\/td>\nPerpetualPremium<\/td>\n50,500<\/td>\nRBC crossed 50,000 @ $26.90. The pre-tax YTW is only 3.59%, based on a March, 2008 call. If it survives through the declining-premium period until March 2012, its yield will have been 4.37%. Pays $1.45 (with a Pfd-2 rating from DBRS<\/a>), so there’s a reasonable chance it will make it. Still … only 4.37% at best, with no upside on yield declines! Pass.<\/td>\n<\/tr>\n
PWF.PR.I<\/td>\nPerpetualPremium<\/td>\n40,500<\/td>\nScotia crossed 38,000 @ $26.95. An even higher-premium issue than the CU.PR.A, above, paying $1.50 with a pre-tax YTW of 3.91% based on a May, 2008, call. 4.59% if it survives to 2012 and the $25.00 call price, but you won’t catch me betting on it!<\/td>\n<\/tr>\n<\/table>\n

There were nine other index-included issues trading over 10,000 shares today.<\/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-32277","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/32277","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=32277"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/32277\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=32277"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=32277"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=32277"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}