{"id":378,"date":"2006-12-11T22:36:45","date_gmt":"2006-12-12T02:36:45","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=378"},"modified":"2006-12-11T22:36:45","modified_gmt":"2006-12-12T02:36:45","slug":"december-11-2006","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=378","title":{"rendered":"December 11, 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>\n4.25%<\/td>\n37,924<\/td>\n16.95<\/td>\n1<\/td>\n+0.0405%<\/td>\n1,020.3<\/td>\n<\/tr>\n
Fixed-Floater<\/td>\n4.80%<\/td>\n3.77%<\/td>\n101,668<\/td>\n8.38<\/td>\n7<\/td>\n+0.2541%<\/td>\n1,031.1<\/td>\n<\/tr>\n
Floater<\/td>\n4.47%<\/td>\n-20.26%<\/td>\n59,880<\/td>\n6.58<\/td>\n5<\/td>\n-0.0313%<\/td>\n1,037.7<\/td>\n<\/tr>\n
Op. Retract<\/td>\n4.63%<\/td>\n-0.43%<\/td>\n80,853<\/td>\n2.20<\/td>\n17<\/td>\n+0.0916%<\/td>\n1,033.1<\/td>\n<\/tr>\n
Split-Share<\/td>\n5.11%<\/td>\n2.95%<\/td>\n142,032<\/td>\n2.70<\/td>\n8<\/td>\n-0.0005%<\/td>\n1,039.3<\/td>\n<\/tr>\n
Interest Bearing<\/td>\n6.89%<\/td>\n5.23%<\/td>\n75,796<\/td>\n3.84<\/td>\n7<\/td>\n+0.1265%<\/td>\n1,025.8<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.02%<\/td>\n3.63%<\/td>\n251,087<\/td>\n4.38<\/td>\n51<\/td>\n+0.0294%<\/td>\n1,050.4<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n4.57%<\/td>\n4.58%<\/td>\n952,037<\/td>\n16.28<\/td>\n6<\/td>\n+0.4274%<\/td>\n1,049.8<\/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
SLF.PR.C<\/td>\nPerpetualDiscount<\/td>\n+1.2371%<\/td>\nComes back from yesterday’s swoon<\/a> to yield 4.53% based on a bid of $24.55 and a limitMaturity<\/a>.<\/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.D<\/td>\nPerpetualPremium<\/td>\n104,490<\/td>\nNow with a pre-tax bid-YTW of 4.36% based on a bid of $26.30 and a call 2014-11-30 at $25.00<\/td>\n<\/tr>\n
CM.PR.I<\/td>\nPerpetualDiscount<\/td>\n91,905<\/td>\nRecent new issue<\/a>, pre-tax bid-YTW now 4.64% based on a bid of $25.26 and a call at $25.00 2016-3-1<\/td>\n<\/tr>\n
W.PR.J<\/td>\nPerpetualPremium<\/td>\n86,200<\/td>\nNesbitt crossed 85,000 at $25.53. Now with a pre-tax bid-YTW of 4.85% based on a call 2008-8-14. An attractive issue, if you don’t mind the usually low volume (averageTradingValue<\/a> ~ $52,000) and the exclusion from HIMIPref\u2122 recommendations due to the short term of the YTW Scenario<\/a><\/td>\n<\/tr>\n
SLF.PR.D<\/td>\nPerpetualDiscount<\/td>\n47,192<\/td>\nHas been very active! Just for fun, I’ve prepared graphs of volume-average<\/a> and flatBidPrice<\/a> since issue, with its twin, SLF.PR.C, as comparator. Price went up a good chunk today, to close at $24.55-65,\u00a0for a pre-tax bid-YTW of 4.53% based on a limit maturity.<\/td>\n<\/tr>\n
GWO.PR.I<\/td>\nPerpetualDiscount<\/td>\n24,450<\/td>\nNow with a pre-tax bid-YTW of 4.55% based on a bidof 24.70 and a limit maturity.<\/td>\n<\/tr>\n<\/table>\n

There were five other index-included issues with over 10,000 shares traded 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 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-378","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/378","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=378"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/378\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=378"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=378"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=378"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}