{"id":32287,"date":"2006-09-26T00:14:04","date_gmt":"2006-09-26T04:14:04","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=127"},"modified":"2006-09-26T00:14:04","modified_gmt":"2006-09-26T04:14:04","slug":"september-25-2006","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=32287","title":{"rendered":"September 25, 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>\n4.39%<\/td>\n4.42%<\/td>\n46,271<\/td>\n16.61<\/td>\n1<\/td>\n0.0805%<\/td>\n1,012.2<\/td>\n<\/tr>\n
Fixed-Floater<\/td>\n4.89%<\/td>\n3.95%<\/td>\n279,401<\/td>\n8.97<\/td>\n6<\/td>\n0.1909%<\/td>\n1,013.7<\/td>\n<\/tr>\n
Floater<\/td>\n4.63%<\/td>\n-18.44%<\/td>\n99,074<\/td>\n8.11<\/td>\n4<\/td>\n0.0501%<\/td>\n1,017.0<\/td>\n<\/tr>\n
Op. Retract<\/td>\n4.68%<\/td>\n2.37%<\/td>\n82,645<\/td>\n2.37<\/td>\n18<\/td>\n0.0920%<\/td>\n1,015.3<\/td>\n<\/tr>\n
Split-Share<\/td>\n4.98%<\/td>\n3.21%<\/td>\n59,456<\/td>\n2.68<\/td>\n10<\/td>\n0.0750%<\/td>\n1,011.7<\/td>\n<\/tr>\n
Interest Bearing<\/td>\n6.86%<\/td>\n4.71%<\/td>\n55,751<\/td>\n2.06<\/td>\n7<\/td>\n-0.1747%<\/td>\n1,021.0<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.13%<\/td>\n4.01%<\/td>\n176,804<\/td>\n4.15<\/td>\n48<\/td>\n0.0477%<\/td>\n1,027.4<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n4.58%<\/td>\n4.60%<\/td>\n331,842<\/td>\n16.24<\/td>\n6<\/td>\n0.2305%<\/td>\n1,039.0<\/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
IAG.PR.A<\/td>\nPerpetualDiscount<\/td>\n+1.0101%<\/td>\nClosed at 25.00-10. Won’t be a “Discount” for much longer at this rate!<\/td>\n<\/tr>\n
ACO.PR.A<\/td>\nOpRet<\/td>\n+1.2887%<\/td>\nPre-Tax YTW 3.04% based on a call at $26.00 in December 2008. A reasonable chance of doing better, given its unusually steeply declining premium. I’ll have to write a proper comment about this issue …<\/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
CM.PR.E<\/td>\nPerpetualPremium<\/td>\n66,870<\/td>\nPre-Tax YTW of only 4.18% at the closing bid of $26.89<\/td>\n<\/tr>\n
CM.PR.A<\/td>\nOpRet<\/td>\n55,635<\/td>\nPre-Tax YTW only 1.02% at the closing bid of $27.21, based on a call at $25.75 in November 2007.<\/td>\n<\/tr>\n
BC.PR.E<\/td>\nScraps<\/td>\n50,930<\/td>\nThe volume’s increasing on this little guy! He’ll be eligible for inclusion in the ratchet rate index soon!<\/td>\n<\/tr>\n
CM.PR.H<\/td>\nPerpetualPremium<\/td>\n26,630<\/td>\nNot a bad issue at the closing quote of 25.46-57… Pre-Tax YTW of 4.66% based on a call in 2014 at par.<\/td>\n<\/tr>\n
BAM.PR.B<\/td>\nFloater<\/td>\n25,905<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

There were sixteen 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-32287","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/32287","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=32287"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/32287\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=32287"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=32287"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=32287"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}