{"id":396,"date":"2006-12-13T23:16:45","date_gmt":"2006-12-14T03:16:45","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=396"},"modified":"2006-12-13T23:16:45","modified_gmt":"2006-12-14T03:16:45","slug":"december-13-2006","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=396","title":{"rendered":"December 13, 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>\n4.22%<\/td>\n4.24%<\/td>\n36,183<\/td>\n16.98<\/td>\n1<\/td>\n-0.0405%<\/td>\n1,019.9<\/td>\n<\/tr>\n
Fixed-Floater<\/td>\n4.81%<\/td>\n3.89%<\/td>\n100,950<\/td>\n10.63<\/td>\n7<\/td>\n-0.1006%<\/td>\n1,028.9<\/td>\n<\/tr>\n
Floater<\/td>\n4.49%<\/td>\n-18.73%<\/td>\n63,688<\/td>\n3.47<\/td>\n5<\/td>\n+0.2245%<\/td>\n1,037.2<\/td>\n<\/tr>\n
Op. Retract<\/td>\n4.64%<\/td>\n+0.63%<\/td>\n81,563<\/td>\n2.20<\/td>\n17<\/td>\n-0.0691%<\/td>\n1,032.0<\/td>\n<\/tr>\n
Split-Share<\/td>\n5.14%<\/td>\n2.48%<\/td>\n139,550<\/td>\n2.71<\/td>\n8<\/td>\n-0.0321%<\/td>\n1,038.4<\/td>\n<\/tr>\n
Interest Bearing<\/td>\n6.95%<\/td>\n5.00%<\/td>\n76,607<\/td>\n2.33<\/td>\n7<\/td>\n+0.1522%<\/td>\n1,025.5<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.01%<\/td>\n3.49%<\/td>\n294,576<\/td>\n4.31<\/td>\n52<\/td>\n+0.0504%<\/td>\n1,051.7<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n4.56%<\/td>\n4.56%<\/td>\n941,546<\/td>\n13.14<\/td>\n6<\/td>\n+0.0274%<\/td>\n1,053.0<\/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 major price moves 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
BCE.PR.T<\/td>\nScraps<\/td>\n425,300<\/td>\nScotia crossed 425,000 at $25.40 in Cash trade. About time someone traded this recent conversion<\/a> in size!<\/td>\n<\/tr>\n
RY.PR.D<\/td>\nPerpetualPremium<\/td>\n249,115<\/td>\nNew Issue<\/a>. Pre-tax bid-YTW of 4.47% based on a bid of $25.10 and a call at $25.00 on 2016-3-25<\/td>\n<\/tr>\n
WN.PR.C<\/td>\nPerpetualPremium<\/td>\n160,500<\/td>\nGlobal crossed 80,000 for cash at 27.08, then 80,000 regular settlement at 26.75. Went ex-dividend today for $0.325. Pre-tax bid-YTW now 4.20% based on a bid of 26.60 and a call 2014-7-31 at $25.00 (but 2013-7-31 at 25.25 gives the same yield … and 2012-7-31 at 25.50 outputs 4.21%, so take your pick).<\/td>\n<\/tr>\n
CM.PR.I<\/td>\nPerpetualPremium<\/td>\n102,755<\/td>\nRecent new issue<\/a>. Pre-tax bid-YTW of 4.61% based on a bid of 25.31 and a call on 2016-3-1 at 25.00<\/td>\n<\/tr>\n
GWO.PR.F<\/td>\nPerpetualPremium<\/td>\n101,070<\/td>\nScotia crossed 68,400 at 27.91, then another 31,600 at the same price. Now with a pre-tax bid-YTW of 1.53% based on a bid of 27.93 and a call 2008-10-30 at $26.00. Pays $1.475, so an early call seems likely even given the declining premium, but somebody obviously disagrees and is betting on 2012-10-30 at $25.00 to yield 3.64% … which is still no great shakes, according to me!<\/td>\n<\/tr>\n<\/table>\n

There were thirty other index-included issues with over 10,000 shares traded 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 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-396","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/396","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=396"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/396\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=396"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=396"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=396"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}