{"id":410,"date":"2006-12-18T23:00:30","date_gmt":"2006-12-19T03:00:30","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=410"},"modified":"2006-12-18T23:00:30","modified_gmt":"2006-12-19T03:00:30","slug":"december-18-2006","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=410","title":{"rendered":"December 18, 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>\n4.19%<\/td>\n4.22%<\/td>\n33,096<\/td>\n17.02<\/td>\n1<\/td>\n+0.0405%<\/td>\n1,021.1<\/td>\n<\/tr>\n
Fixed-Floater<\/td>\n4.79%<\/td>\n3.79%<\/td>\n98,800<\/td>\n8.38<\/td>\n7<\/td>\n+0.0617%<\/td>\n1,033.7<\/td>\n<\/tr>\n
Floater<\/td>\n4.46%<\/td>\n-25.23%<\/td>\n62,871<\/td>\n0.34<\/td>\n5<\/td>\n+0.0550%<\/td>\n1,045.5<\/td>\n<\/tr>\n
Op. Retract<\/td>\n4.64%<\/td>\n0.87%<\/td>\n81,879<\/td>\n2.19<\/td>\n17<\/td>\n+0.0137%<\/td>\n1,032.3<\/td>\n<\/tr>\n
Split-Share<\/td>\n5.05%<\/td>\n2.11%<\/td>\n247,111<\/td>\n2.52<\/td>\n9<\/td>\n-0.1056%<\/td>\n1,043.8<\/td>\n<\/tr>\n
Interest Bearing<\/td>\n6.95%<\/td>\n5.11%<\/td>\n79,449<\/td>\n1.86<\/td>\n7<\/td>\n+0.0229%<\/td>\n1,027.8<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.00%<\/td>\n3.56%<\/td>\n293,584<\/td>\n4.24<\/td>\n52<\/td>\n+0.1269%<\/td>\n1,053.6<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n4.53%<\/td>\n4.50%<\/td>\n922,402<\/td>\n13.33<\/td>\n6<\/td>\n+0.3778%<\/td>\n1,060.0<\/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
ELF.PR.G<\/td>\nPerpetualPremium<\/td>\n+1.0993%<\/td>\nNow with a pre-tax bid-YTW of 4.48% based on a bid of $25.75 and a call 2015-11-16 at $25.00<\/td>\n<\/tr>\n
IAG.PR.A<\/td>\nPerpetualDiscount<\/td>\n+1.3944%<\/td>\nThis one looks like it will be moving to “PerpetualPremium” pretty promptly! Now with a pre-tax bid-YTW of 4.34%, based on a bid of $25.45 and a call 2015-4-30 at $25.00<\/td>\n<\/tr>\n<\/table>\n\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>\n499,712<\/td>\nRecent New issue<\/a>. Now with a bid-YTW of 1.41% based on a bid of $10.36 and a call 2008-1-14 at $10.00<\/td>\n<\/tr>\n
CM.PR.I<\/td>\nPerpetualPremium<\/td>\n358,090<\/td>\nNew issue closed Nov. 15<\/a>, continues to trade heavily. Now with a pre-tax bid-YTW of 4.52% based on a bid of $25.51 and a call 2016-3-1 at $25.00<\/td>\n<\/tr>\n
CL.PR.B<\/td>\nPerpetualPremium<\/td>\n302,635<\/td>\nRBC crossed 150,000 at $26.15, then Nesbitt crossed the same number at the same price 13 minutes later. I last mentioned this November 29<\/a> and, well, at least the pre-tax bid-YTW’s not negative any more! It’s 1.20% based on a bid of $26.10 and a call 2007-1-30 at $26.00.<\/td>\n<\/tr>\n
CM.PR.B<\/td>\nPerpetualPremium<\/td>\n211,820<\/td>\nBasically a money market instrument, since it is being called Jan. 31<\/a>.<\/td>\n<\/tr>\n
RY.PR.C<\/td>\nPerpetualPremium<\/td>\n147,825<\/td>\nNational crossed 125,000, then 10,000, then 5,000, all at $25.55. Now with a pre-tax bid-YTW of 4.42% based on a bid of $25.53 and a call 2015-12-24 at $25.00<\/td>\n<\/tr>\n
BAM.PR.M<\/td>\nPerpetualDiscount<\/td>\n108,300<\/td>\nRBC crossed 100,000 at $25.10. Now with a pre-tax bid-YTW of 4.70% based on a bid of $25.10 and a call 2016-3-1 at $25.00<\/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":"

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-410","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/410","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=410"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/410\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=410"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=410"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=410"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}