{"id":445,"date":"2007-01-03T22:02:34","date_gmt":"2007-01-04T02:02:34","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=445"},"modified":"2007-01-03T22:02:34","modified_gmt":"2007-01-04T02:02:34","slug":"january-3-2007","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=445","title":{"rendered":"January 3, 2007"},"content":{"rendered":"\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
MST.PR.A<\/td>\nInterestBearing<\/td>\n-1.3645%<\/td>\nNow with a pre-tax bid-YTW of 5.99% based on a bid of $10.12 and a hardMaturity<\/a> 2009-09-30 at $10.00.<\/td>\n<\/tr>\n
CM.PR.E<\/td>\nPerpetualPremium<\/td>\n-1.2668%<\/td>\nNow with a pre-tax bid-YTW of 4.15% based on a bid of $26.50 and a call 2008-11-30 at $26.00.<\/td>\n<\/tr>\n
FFN.PR.A<\/td>\nSplitShare<\/td>\n-1.2322%<\/td>\nNow with a pre-tax bid-YTW of 3.72% based on a bid of $10.42 and a hardMaturity 2009-12-01 at $10.00<\/td>\n<\/tr>\n
BMO.PR.I<\/td>\nOpRet<\/td>\n-1.1937%<\/td>\nStill has a negative pre-tax bid-YTW! It now stands at -8.95% (annualized – the gross return is -0.73%) based on a bid of $25.66 and an immediate call at $26.00.<\/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
BAM.PR.K<\/td>\nFloater<\/td>\n41,600<\/td>\nScotia crossed 32,000 at 24.75 and was the seller for each of today’s six trades.<\/td>\n<\/tr>\n
MFC.PR.A<\/td>\nOpRet<\/td>\n38,410<\/td>\nNow with a pre-tax bid-YTW of 2.99% based on a bid of $27.10 and a call 2011-7-19 at $26.00. Will have yielded 3.06% if it lasts until its softMaturity<\/a> 2015-12-18, so it hardly seems worthwhile. Even the latter figure, at an equivalency factor<\/a> of 1.40, is equivalent to only 4.28% interest – you can do better with bonds.<\/td>\n<\/tr>\n
TD.PR.O<\/td>\nPerpetualPremium<\/td>\n37,600<\/td>\nNesbitt processed an internal cross<\/a> of 30,600 at $26.30. Now with a pre-tax bid-YTW of 4.16% based on a bid of $26.40 and a call 2014-11-30 at $25.00. Now that’s<\/em> more like it!<\/td>\n<\/tr>\n
BAM.PR.M<\/td>\nPerpetualPremium<\/td>\n24,000<\/td>\nRBC crossed 10,700 at 25.10. Now with a pre-tax bid-YTW of 4.75% based on a bid of $25.06 and a call 2016-3-1 at $25.00.<\/td>\n<\/tr>\n
CM.PR.I<\/td>\nPerpetualPremium<\/td>\n18,542<\/td>\nNow with a pre-tax bid-YTW of 4.51% based on a bid of $25.32 and a call 2016-3-1 at $25.00<\/td>\n<\/tr>\n<\/table>\n

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

I know, I know … the indices still haven’t been updated. I’ll get to it, all right? Slavedrivers…<\/p>\n

Update 2007-01-04<\/strong> :<\/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. In this version, index values are based at 1,000.0 on 2006-6-30<\/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>\n4.08%<\/td>\n4.08%<\/td>\n32,259<\/td>\n17.28<\/td>\n1<\/td>\n+0.0400%<\/td>\n1,036.7<\/td>\n<\/tr>\n
Fixed-Floater<\/td>\n4.79%<\/td>\n3.72%<\/td>\n87,027<\/td>\n10.70<\/td>\n7<\/td>\n-0.3509%<\/td>\n1,036.2<\/td>\n<\/tr>\n
Floater<\/td>\n4.59%<\/td>\n-18.67%<\/td>\n67,520<\/td>\n8.28<\/td>\n4<\/td>\n0.0000%<\/td>\n1,037.6<\/td>\n<\/tr>\n
Op. Retract<\/td>\n4.66%<\/td>\n1.42%<\/td>\n82,398<\/td>\n2.05<\/td>\n17<\/td>\n+0.0077%<\/td>\n1,032.6<\/td>\n<\/tr>\n
Split-Share<\/td>\n5.12%<\/td>\n1.32%<\/td>\n199,563<\/td>\n2.27<\/td>\n10<\/td>\n+0.0757%<\/td>\n1,042.3<\/td>\n<\/tr>\n
Interest Bearing<\/td>\n6.73%<\/td>\n5.77%<\/td>\n72,434<\/td>\n2.39<\/td>\n6<\/td>\n-0.1845%<\/td>\n1,031.0<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.00%<\/td>\n3.76%<\/td>\n271,477<\/td>\n4.61<\/td>\n55<\/td>\n-0.0667%<\/td>\n1,053.9<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n4.46%<\/td>\n4.50%<\/td>\n800,671<\/td>\n16.42<\/td>\n3<\/td>\n+0.2019%<\/td>\n1,060.7<\/td>\n<\/tr>\n<\/table>\n

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

Major Price Changes Issue Index Change Notes MST.PR.A InterestBearing -1.3645% Now with a pre-tax bid-YTW of 5.99% based on a bid of $10.12 and a hardMaturity 2009-09-30 at $10.00. CM.PR.E PerpetualPremium -1.2668% Now with a …<\/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-445","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/445","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=445"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/445\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=445"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=445"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=445"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}