{"id":408,"date":"2006-12-15T20:47:02","date_gmt":"2006-12-16T00:47:02","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=408"},"modified":"2006-12-15T20:47:02","modified_gmt":"2006-12-16T00:47:02","slug":"december-15-2006","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=408","title":{"rendered":"December 15, 2006"},"content":{"rendered":"

\u00a0<\/p>\n\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>\n4.20%<\/td>\n4.22%<\/td>\n33,370<\/td>\n17.01<\/td>\n1<\/td>\n-0.0404%<\/td>\n1,020.7<\/td>\n<\/tr>\n
Fixed-Floater<\/td>\n4.79%<\/td>\n3.81%<\/td>\n100,905<\/td>\n8.38<\/td>\n7<\/td>\n+0.1629%<\/td>\n1,033.1<\/td>\n<\/tr>\n
Floater<\/td>\n4.46%<\/td>\n-25.29%<\/td>\n63,178<\/td>\n3.47<\/td>\n5<\/td>\n+0.6029%<\/td>\n1,044.9<\/td>\n<\/tr>\n
Op. Retract<\/td>\n4.64%<\/td>\n0.86%<\/td>\n82,781<\/td>\n2.19<\/td>\n17<\/td>\n+0.0569%<\/td>\n1,032.2<\/td>\n<\/tr>\n
Split-Share<\/td>\n5.10%<\/td>\n2.27%<\/td>\n138,530<\/td>\n2.72<\/td>\n8<\/td>\n+0.4143%<\/td>\n1,045.0<\/td>\n<\/tr>\n
Interest Bearing<\/td>\n6.95%<\/td>\n5.09%<\/td>\n79,009<\/td>\n2.35<\/td>\n7<\/td>\n+0.2087%<\/td>\n1,027.6<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.00%<\/td>\n3.71%<\/td>\n291,647<\/td>\n4.30<\/td>\n52<\/td>\n+0.1269%<\/td>\n1,052.3<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n4.55%<\/td>\n4.50%<\/td>\n928,803<\/td>\n11.74<\/td>\n6<\/td>\n+0.1675%<\/td>\n1,056.0<\/td>\n<\/tr>\n<\/table>\n

\u00a0<\/p>\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+1.2903%<\/td>\nNow with a pre-tax bid-YTW of 3.75% based on a bid of $10.99 and a hardMaturity<\/a> 2013-11-29 at $10.00. It is interesting to compare this with the FBS.PR.B new issue<\/a>, which finished its opening data at 10.38-bid for a pre-tax YTW of 1.21% based on a call 2008-1-14 at $10.00, or 3.93% if it lasts until its hardMaturity 2011-12-15 at $10.00.<\/td>\n<\/tr>\n
TOC.PR.B<\/td>\nFloater<\/td>\n+1.8010%<\/td>\nWhat makes this large gain even more odd than it is already, is that it is based on a closing price of $26.00-bid. Global crossed 80,900 for cash at $26.56, then the same number for regular settlement at $26.29.<\/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
FBS.PR.B<\/td>\nSplitShare<\/td>\n2,347,825<\/td>\nNew issue<\/a> closed today. Volume was about one-sixth of the issue size!<\/td>\n<\/tr>\n
GWO.PR.F<\/td>\nPerpetualPremium<\/td>\n305,245<\/td>\nThis has been a heavy trader recently<\/a>. Desjardins crossed 89,600 at 28.15, then after a few hours, crossed 85,400 at the same price<\/td>\n<\/tr>\n
BC.PR.B<\/td>\nFixedFloater<\/td>\n212,900<\/td>\nScotia crossed 100,000 at 25.40, then Nesbitt crossed 112,000 at the same price.<\/td>\n<\/tr>\n
TOC.PR.B<\/td>\nFloater<\/td>\n166,500<\/td>\nSee the “performance” table, above.<\/td>\n<\/tr>\n
RY.PR.D<\/td>\nPerpetualPremium<\/td>\n68,240<\/td>\nRecent new issue<\/a>.<\/td>\n<\/tr>\n<\/table>\n

There were fourteen other index-included issues with over 10,000 shares traded today.\n<\/p>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

\u00a0 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 …<\/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-408","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/408","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=408"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/408\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=408"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=408"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=408"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}