{"id":428,"date":"2006-12-22T23:55:26","date_gmt":"2006-12-23T03:55:26","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=428"},"modified":"2006-12-22T23:55:26","modified_gmt":"2006-12-23T03:55:26","slug":"december-22-2006","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=428","title":{"rendered":"December 22, 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>\n4.12%<\/td>\n4.14%<\/td>\n35,385<\/td>\n17.16<\/td>\n1<\/td>\n+0.4014%<\/td>\n1,032.7<\/td>\n<\/tr>\n
Fixed-Floater<\/td>\n4.78%<\/td>\n3.67%<\/td>\n96,817<\/td>\n8.36<\/td>\n7<\/td>\n-0.0103%<\/td>\n1,035.0<\/td>\n<\/tr>\n
Floater<\/td>\n4.49%<\/td>\n-19.21%<\/td>\n63,418<\/td>\n0.23<\/td>\n5<\/td>\n+0.0255%<\/td>\n1,039.7<\/td>\n<\/tr>\n
Op. Retract<\/td>\n4.65%<\/td>\n0.71%<\/td>\n85,770<\/td>\n1.99<\/td>\n17<\/td>\n+0.0007%<\/td>\n1,032.6<\/td>\n<\/tr>\n
Split-Share<\/td>\n5.06%<\/td>\n2.26%<\/td>\n246,599<\/td>\n2.52<\/td>\n9<\/td>\n-0.1957%<\/td>\n1,043.1<\/td>\n<\/tr>\n
Interest Bearing<\/td>\n6.96%<\/td>\n5.83%<\/td>\n82,895<\/td>\n1.84<\/td>\n7<\/td>\n-0.1042%<\/td>\n1,026.8<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.01%<\/td>\n3.53%<\/td>\n280,147<\/td>\n4.21<\/td>\n52<\/td>\n-0.0056%<\/td>\n1,054.9<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n4.53%<\/td>\n4.50%<\/td>\n854,997<\/td>\n11.75<\/td>\n6<\/td>\n-0.0066%<\/td>\n1,060.5<\/td>\n<\/tr>\n<\/table>\n\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
BSD.PR.A<\/td>\nInterestBearing<\/td>\n-2.4704%<\/td>\nGiving up yesterday’s<\/a> gains and more! Closed at 9.87-17, with a single trade of 2,900 shares at $10.10 – Christmas break! Now with a pre-tax bid-YTW<\/a> of 6.27% (mostly interest!) based on the 9.87 bid and a hardMaturity<\/a> 2015-3-31 at 10.00<\/td>\n<\/tr>\n
LBS.PR.A<\/td>\nSplitShare<\/td>\n-1.3587%<\/td>\nThis one merely gave up a lot of yesterday’s gains. Now with a pre-tax bid-YTW of 3.92% based on a bid of $10.89 and a hardMaturity 2013-11-29 at 10.00.<\/td>\n<\/tr>\n
MST.PR.A<\/td>\nInterestBearing<\/td>\n+1.3659%<\/td>\nNow with a pre-tax bid-YTW of 5.49% based on a bid of 10.39 and a hardMaturity 2009-9-30.<\/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.A<\/td>\nOpRet<\/td>\n518,756<\/td>\nNow with a pre-tax bid-YTW of 2.79% based on a bid of 26.18 and a call 2007-11-30 at 25.75. It pays a whopping 1.325 p.a., so I’ll go out on a limb and suggest it won’t make it to the 2011-7-30 softMaturity<\/a>, which would yield 4.07%<\/td>\n<\/tr>\n
FBS.PR.B<\/td>\nSplitShare<\/td>\n114,900<\/td>\nRecent new issue<\/a>. Now with a pre-tax bid-YTW of 1.61% based on a bid of 10.34 and a call 2008-1-14 at 10.00. Too much call-risk for my blood.<\/td>\n<\/tr>\n
LBS.PR.A<\/td>\nSplitShare<\/td>\n56,150<\/td>\nScotia crossed 46,300 at $11.00. Now with a pre-tax bid-YTW of 3.92% based on a bid of $10.89 – way down from yesterday! – and a hardMaturity 2013-11-29 at 10.00<\/td>\n<\/tr>\n
MFC.PR.A<\/td>\nOpRet<\/td>\n22,755<\/td>\nScotia crossed 18,500 at 26.91. Now with a pre-tax bid-YTW of 3.10% based on a bid of 26.95 and a call 2011-7-19 at $26.00. Neatly, the yield until its softMaturity<\/a> 2015-12-18 is 3.12%, so take your pick.<\/td>\n<\/tr>\n
CM.PR.I<\/td>\nPerpetualPremium<\/td>\n22,479<\/td>\nNow with a pre-tax bid-YTW of 4.50% based on a bid of $25.30 and a call 2016-3-1 at 25.00<\/td>\n<\/tr>\n<\/table>\n

There were ten 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-428","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/428","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=428"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/428\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=428"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=428"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=428"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}