{"id":358,"date":"2006-12-01T22:31:50","date_gmt":"2006-12-02T02:31:50","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=358"},"modified":"2006-12-01T22:31:50","modified_gmt":"2006-12-02T02:31:50","slug":"december-1-2006","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=358","title":{"rendered":"December 1, 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>\nMean Current Yield (at bid)<\/td>\nMean YTW<\/td>\nMean Average Trading Value<\/td>\nMean Mod Dur (YTW)<\/td>\nIssues<\/td>\nDay’s Perf.<\/td>\nIndex Value<\/td>\n<\/tr>\n
Ratchet<\/td>\n4.25%<\/td>\n4.26%<\/td>\n38,164<\/td>\n16.95<\/td>\n1<\/td>\n+0.5666%<\/td>\n1,026.1<\/td>\n<\/tr>\n
Fixed-Floater<\/td>\n4.81%<\/td>\n3.85%<\/td>\n100,186<\/td>\n6.64<\/td>\n7<\/td>\n-0.2015%<\/td>\n1,028.1<\/td>\n<\/tr>\n
Floater<\/td>\n4.46%<\/td>\n-23.73%<\/td>\n62,671<\/td>\n6.58<\/td>\n5<\/td>\n+0.0079%<\/td>\n1,038.9<\/td>\n<\/tr>\n
Op. Retract<\/td>\n4.63%<\/td>\n-1.13%<\/td>\n83,641<\/td>\n2.22<\/td>\n17<\/td>\n-0.0015%<\/td>\n1,032.8<\/td>\n<\/tr>\n
Split-Share<\/td>\n5.24%<\/td>\n3.22%<\/td>\n156,377<\/td>\n2.73<\/td>\n8<\/td>\n-0.4350%<\/td>\n1,035.3<\/td>\n<\/tr>\n
Interest Bearing<\/td>\n6.90%<\/td>\n5.69%<\/td>\n72,227<\/td>\n3.88<\/td>\n7<\/td>\n+0.2845%<\/td>\n1,024.1<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.02%<\/td>\n3.33%<\/td>\n263,313<\/td>\n4.43<\/td>\n51<\/td>\n+0.0448%<\/td>\n1,050.5<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n4.58%<\/td>\n4.58%<\/td>\n1,010,196<\/td>\n14.72<\/td>\n6<\/td>\n+0.0751%<\/td>\n1,047.2<\/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
LBS.PR.A<\/td>\nSplitShare<\/td>\n-1.0176%<\/td>\nSurprising, since I consider this issue rather attractive, now with a bid-YTW of 4.19% based on a bid of $10.70 and a hardMaturity<\/a> 2013-11-29 at $10.00.<\/td>\n<\/tr>\n
BSD.PR.A<\/td>\nInterestBearing<\/td>\n+2.0387%<\/td>\nStill with an attractive pre-tax bid-YTW of 6.00%, based on a bid of $10.01 and a hard maturity at $10.00 2015-3-31. Still no word on the results of the annual retraction privilege, exercisable 2006-11-30.<\/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.I<\/td>\nPerpetualPremium<\/td>\n152,355<\/td>\nRecent new issue<\/a>.<\/td>\n<\/tr>\n
RY.PR.C<\/td>\nPerpetualPremium<\/td>\n58,905<\/td>\nRecent new issue<\/a>.<\/td>\n<\/tr>\n
SLF.PR.D<\/td>\nPerpetualDiscount<\/td>\n47,519<\/td>\nRecent blue-light special<\/a>.<\/td>\n<\/tr>\n
MFC.PR.C<\/td>\nPerpetualPremium<\/td>\n43,859<\/td>\nNational Bank crossed 31,800 at $25.04. The issue now has a pre-tax bid-YTW of 4.50%, based on a bid of $25.00 and either a call at $25.00 2015-4-18 or a limitMaturity<\/a>. Which isn’t too shabby, seeing that the MFC.PR.B, a similar issue, has a pre-tax YTW of 4.30% based on a bid of $25.53 and a call 2014-4-18 at $25.00.<\/td>\n<\/tr>\n
HSB.PR.D<\/td>\nPerpetualPremium<\/td>\n31,895<\/td>\nNational crossed 30,000 at $26.90. This issue has a pre-tax bid-YTW of 4.06%, base on either a call at $25.25 2014-1-30, or a call at $25.00 2015-1-30.<\/td>\n<\/tr>\n<\/table>\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 Mean Current Yield (at bid) Mean YTW Mean Average Trading Value Mean Mod Dur …<\/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-358","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/358","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=358"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/358\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=358"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=358"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=358"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}