{"id":4695,"date":"2008-12-30T22:51:02","date_gmt":"2008-12-31T02:51:02","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=4695"},"modified":"2008-12-30T22:51:02","modified_gmt":"2008-12-31T02:51:02","slug":"december-30-2008","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=4695","title":{"rendered":"December 30, 2008"},"content":{"rendered":"

As far as I can tell, the market has decided that there is a faint possibility that not every financial institution in Canada will go bankrupt in 2008. But we’ll see what tomorrow brings.<\/p>\n

Best day for PerpetualDiscounts since 2006-6-30 at latest, which is the earliest date for which I have convenient daily return figures. How ’bout them SunLifes, eh?<\/p>\n

\n\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.
The Fixed-Reset<\/i> index was added effective 2008-9-5 at that day’s closing value of 1,119.4 for the Fixed-Floater<\/i> index.<\/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>\nN\/A<\/td>\nN\/A<\/td>\nN\/A<\/td>\nN\/A<\/td>\n0<\/td>\nN\/A<\/td>\nN\/A<\/td>\n<\/tr>\n
Fixed-Floater<\/td>\n8.15%<\/td>\n8.19%<\/td>\n137,589<\/td>\n12.55<\/td>\n7<\/td>\n+2.9854%<\/td>\n655.3<\/td>\n<\/tr>\n
Floater<\/td>\n7.36%<\/td>\n7.41%<\/td>\n94,465<\/td>\n12.04<\/td>\n2<\/td>\n+7.0109%<\/td>\n442.6<\/td>\n<\/tr>\n
Op. Retract<\/td>\n5.44%<\/td>\n5.27%<\/td>\n169,660<\/td>\n3.95<\/td>\n14<\/td>\n+0.8548%<\/td>\n1,004.6<\/td>\n<\/tr>\n
Split-Share<\/td>\n6.42%<\/td>\n11.07%<\/td>\n93,532<\/td>\n3.95<\/td>\n15<\/td>\n+1.4025%<\/td>\n968.6<\/td>\n<\/tr>\n
Interest Bearing<\/td>\n9.40%<\/td>\n17.50%<\/td>\n58,851<\/td>\n2.76<\/td>\n3<\/td>\n+3.1991%<\/td>\n798.9<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\nN\/A<\/td>\nN\/A<\/td>\nN\/A<\/td>\nN\/A<\/td>\nN\/A<\/td>\nN\/A<\/td>\nN\/A<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n7.48%<\/td>\n7.58%<\/td>\n248,661<\/td>\n11.90<\/td>\n71<\/td>\n+4.9072%<\/td>\n747.3<\/td>\n<\/tr>\n
Fixed-Reset<\/td>\n5.96%<\/td>\n4.97%<\/td>\n1,013,355<\/td>\n14.95<\/td>\n18<\/td>\n+0.5626%<\/td>\n1,015.2<\/td>\n<\/tr>\n<\/table>\n<\/div>\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\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
RY.PR.B<\/td>\nPerpetualDiscount<\/td>\n+6.0366%<\/td>\nNow with a pre-tax bid-YTW of 6.87% based on a bid of 17.39 and a limitMaturity<\/a>. Closing quote 17.39-73. Day’s range of 17.00-75.<\/td>\n<\/tr>\n
BNS.PR.K<\/td>\nPerpetualDiscount<\/td>\n+6.0699%<\/td>\nNow with a pre-tax bid-YTW of 7.09% based on a bid of 17.30 and a limitMaturity<\/a>. Closing quote 17.30-58, 5×7. Day’s range of 16.55-01.<\/td>\n<\/tr>\n
CM.PR.I<\/td>\nPerpetualDiscount<\/td>\n+6.1786%<\/td>\nNow with a pre-tax bid-YTW of 7.45% based on a bid of 15.81 and a limitMaturity<\/a>. Closing quote 15.81-46, 1×1. Day’s range of 14.98-16.31.<\/td>\n<\/tr>\n
DF.PR.A<\/td>\nSplitShare<\/td>\n+6.2963%<\/td>\nAsset coverage of 1.3+:1 as of December 15 according to the company<\/a>. Now with a pre-tax bid-YTW of 8.33% based on a bid of 8.61 and a hardMaturity<\/a> 2014-12-1 at 10.00. Closing quote of 8.61-98, 2×5. Day’s range of 8.49-60.<\/td>\n<\/tr>\n
BAM.PR.J<\/td>\nOpRet<\/td>\n+6.3401%<\/td>\nNow with a pre-tax bid-YTW of 13.32% based on a bid of 14.76 and a softMaturity 2018-3-30. Closing quote of 14.76-15.80, 6×1. Day’s range of 14.00-15.80.<\/td>\n<\/tr>\n
HSB.PR.C<\/td>\nPerpetualDiscount<\/td>\n+6.4309%<\/td>\nNow with a pre-tax bid-YTW of 7.78% based on a bid of 16.55 and a limitMaturity<\/a>. Closing quote 16.55-00, 13×3. Day’s range of 16.00-85.<\/td>\n<\/tr>\n
BNS.PR.J<\/td>\nPerpetualDiscount<\/td>\n+6.4928%<\/td>\nNow with a pre-tax bid-YTW of 6.99% based on a bid of 19.19 and a limitMaturity<\/a>. Closing quote 19.19-54, 5×1. Day’s range of 19.00-55.<\/td>\n<\/tr>\n
RY.PR.W<\/td>\nPerpetualDiscount<\/td>\n+6.5242%<\/td>\nNow with a pre-tax bid-YTW of 6.57% based on a bid of 18.94 and a limitMaturity<\/a>. Closing quote 18.94-99, 1×2. Day’s range of 18.00-19.00.<\/td>\n<\/tr>\n
BAM.PR.B<\/td>\nFloater<\/td>\n+6.6313%<\/td>\n <\/td>\n<\/tr>\n
MFC.PR.B<\/td>\nPerpetualDiscount<\/td>\n+6.6667%<\/td>\nNow with a pre-tax bid-YTW of 6.87% based on a bid of 17.12 and a limitMaturity<\/a>. Closing quote 17.12-75, 3×8. Day’s range of 16.60-17.75.<\/td>\n<\/tr>\n
IAG.PR.A<\/td>\nPerpetualDiscount<\/td>\n+6.8563%<\/td>\nNow with a pre-tax bid-YTW of 7.92% based on a bid of 14.65 and a limitMaturity<\/a>. Closing quote 14.65-15.65 (!). Day’s range of 13.80-15.29.<\/td>\n<\/tr>\n
RY.PR.F<\/td>\nPerpetualDiscount<\/td>\n+7.3472%<\/td>\nNow with a pre-tax bid-YTW of 6.85% based on a bid of 16.51 and a limitMaturity<\/a>. Closing quote 16.51-77, 3×10. Day’s range of 16.40-79.<\/td>\n<\/tr>\n
BAM.PR.K<\/td>\nFloater<\/td>\n+7.3658%<\/td>\n <\/td>\n<\/tr>\n
BAM.PR.M<\/td>\nPerpetualDiscount<\/td>\n+7.6923%<\/td>\nNow with a pre-tax bid-YTW of 12.30% based on a bid of 9.80 and a limitMaturity<\/a>. Closing quote 9.80-14, 12×3. Day’s range of 9.20-10.22.<\/td>\n<\/tr>\n
PWF.PR.L<\/td>\nPerpetualDiscount<\/td>\n+8.0235%<\/td>\nNow with a pre-tax bid-YTW of 7.88% based on a bid of 16.56 and a limitMaturity<\/a>. Closing quote 16.56-25, 5×10. Day’s range of 16.00-49.<\/td>\n<\/tr>\n
RY.PR.E<\/td>\nPerpetualDiscount<\/td>\n+8.2245%<\/td>\nNow with a pre-tax bid-YTW of 6.90% based on a bid of 16.58 and a limitMaturity<\/a>. Closing quote 16.58-76, 3×19. Day’s range of 15.60-16.70.<\/td>\n<\/tr>\n
BAM.PR.N<\/td>\nPerpetualDiscount<\/td>\n+8.5271%<\/td>\nNow with a pre-tax bid-YTW of 12.30% based on a bid of 9.80 and a limitMaturity<\/a>. Closing quote 9.80-39, 1×3. Day’s range of 9.25-10.41.<\/td>\n<\/tr>\n
SLF.PR.D<\/td>\nPerpetualDiscount<\/td>\n+8.6181%<\/td>\nNow with a pre-tax bid-YTW of 8.62% based on a bid of 14.62 and a limitMaturity<\/a>. Closing quote 14.62-85, 2×5. Day’s range of 13.99-80.<\/td>\n<\/tr>\n
ELF.PR.F<\/td>\nPerpetualDiscount<\/td>\n+8.6708%<\/td>\nNow with a pre-tax bid-YTW of 8.83% based on a bid of 15.10 and a limitMaturity<\/a>. Closing quote 15.10-69, 10×15. Day’s range of 14.51-00.<\/td>\n<\/tr>\n
GWO.PR.G<\/td>\nPerpetualDiscount<\/td>\n+8.9881%<\/td>\nNow with a pre-tax bid-YTW of 7.57% based on a bid of 17.34 and a limitMaturity<\/a>. Closing quote 17.34-97, 5×1. Day’s range of 16.13-18.40 (!).<\/td>\n<\/tr>\n
SLF.PR.A<\/td>\nPerpetualDiscount<\/td>\n+9.8940%<\/td>\nNow with a pre-tax bid-YTW of 7.71% based on a bid of 15.55 and a limitMaturity<\/a>. Closing quote 15.55-09, 1×5. Day’s range of 14.31-15.75.<\/td>\n<\/tr>\n
SLF.PR.C<\/td>\nPerpetualDiscount<\/td>\n+10.2206%<\/td>\nNow with a pre-tax bid-YTW of 7.49% based on a bid of 14.99 and a limitMaturity<\/a>. Closing quote 14.99-39, 5×5. Day’s range of 14.20-15.53.<\/td>\n<\/tr>\n
MFC.PR.C<\/td>\nPerpetualDiscount<\/td>\n+10.3034%<\/td>\nNow with a pre-tax bid-YTW of 6.5154% based on a bid of 17.45 and a limitMaturity<\/a>. Closing quote 17.45-98, 2×13. Day’s range of 16.25-17.99.<\/td>\n<\/tr>\n
SLF.PR.B<\/td>\nPerpetualDiscount<\/td>\n+11.4466%<\/td>\nNow with a pre-tax bid-YTW of 7.63% based on a bid of 15.87 and a limitMaturity<\/a>. Closing quote 15.87-00, 4×5. Day’s range of 14.53-15.87.<\/td>\n<\/tr>\n
SLF.PR.E<\/td>\nPerpetualDiscount<\/td>\n+13.1835%<\/td>\nNow with a pre-tax bid-YTW of 7.52% based on a bid of 15.11 and a limitMaturity<\/a>. Closing quote 15.11-39, 1×4. Day’s range of 14.00-15.11.<\/td>\n<\/tr>\n<\/table>\n<\/div>\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
SLF.PR.E<\/td>\nPerpetualDiscount<\/td>\n50,525<\/td>\nNesbitt crossed 40,000 at 14.90. Now with a pre-tax bid-YTW of 7.52% based on a bid of 15.11 and a limitMaturity.<\/td>\n<\/tr>\n
BCE.PR.I<\/td>\nFixFloat<\/td>\n45,922<\/td>\nRBC crossed 10,700 at 13.50, then another 10,000 at the same price.<\/td>\n<\/tr>\n
CM.PR.H<\/td>\nPerpetualDiscount<\/td>\n45,738<\/td>\nNow with a pre-tax bid-YTW of 7.55% based on a bid of 15.94 and a limitMaturity.<\/td>\n<\/tr>\n
BNA.PR.C<\/td>\nSplitShare<\/td>\n42,400<\/td>\nNow with a pre-tax bid-YTW of 19.81% based on a bid of 8.61 and a hardMaturity 2019-1-10 at 25.00.<\/td>\n<\/tr>\n
BMO.PR.J<\/td>\nPerpetualDiscount<\/td>\n34,046<\/td>\nNow with a pre-tax bid-YTW of 7.45% based on a bid of 15.36 and a limitMaturity.<\/td>\n<\/tr>\n<\/table>\n<\/div>\n

There were twenty-seven other index-included $25-pv-equivalent issues trading over 10,000 shares today.<\/p>\n","protected":false},"excerpt":{"rendered":"

As far as I can tell, the market has decided that there is a faint possibility that not every financial institution in Canada will go bankrupt in 2008. But we’ll see what tomorrow brings. Best …<\/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-4695","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/4695","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=4695"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/4695\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4695"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4695"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4695"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}