{"id":470,"date":"2007-01-13T16:30:09","date_gmt":"2007-01-13T20:30:09","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=470"},"modified":"2007-01-13T16:30:09","modified_gmt":"2007-01-13T20:30:09","slug":"january-12-2007","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=470","title":{"rendered":"January 12, 2007"},"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. 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>\n4.09%<\/td>\n4.10%<\/td>\n26,019<\/td>\n17.25<\/td>\n1<\/td>\n0.0000%<\/td>\n1,028.4<\/td>\n<\/tr>\n
Fixed-Floater<\/td>\n4.78%<\/td>\n3.46%<\/td>\n80,266<\/td>\n12.49<\/td>\n7<\/td>\n-0.1285%<\/td>\n1,038.9<\/td>\n<\/tr>\n
Floater<\/td>\n4.58%<\/td>\n-22.12%<\/td>\n64,197<\/td>\n8.22<\/td>\n4<\/td>\n-0.1081%<\/td>\n1,040.1<\/td>\n<\/tr>\n
Op. Retract<\/td>\n4.68%<\/td>\n2.04%<\/td>\n80,829<\/td>\n2.03<\/td>\n17<\/td>\n-0.0759%<\/td>\n1,031.5<\/td>\n<\/tr>\n
Split-Share<\/td>\n5.05%<\/td>\n0.67%<\/td>\n402,269<\/td>\n2.86<\/td>\n11<\/td>\n+0.2502%<\/td>\n1,046.0<\/td>\n<\/tr>\n
Interest Bearing<\/td>\n6.70%<\/td>\n5.53%<\/td>\n73,992<\/td>\n2.65<\/td>\n6<\/td>\n-0.1272%<\/td>\n1,035.4<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.02%<\/td>\n3.66%<\/td>\n247,098<\/td>\n5.14<\/td>\n55<\/td>\n-0.0320%<\/td>\n1,052.2<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n4.51%<\/td>\n4.53%<\/td>\n784,569<\/td>\n16.34<\/td>\n3<\/td>\n-0.0670%<\/td>\n1,054.9<\/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
POW.PR.B<\/td>\nPerpetualPremium<\/td>\n+1.0113%<\/td>\nNow with a pre-tax bid-YTW of 4.26% based on a bid of $25.97 and a call 2008-12-28 at $25.50<\/td>\n<\/tr>\n
LBS.PR.A<\/td>\nSplitShare<\/td>\n+1.7576%<\/td>\nNow with a pre-tax bid-YTW of 3.61% based on a bid of $11.00 and a hardMaturity<\/a> 2013-11-29 at $10.00<\/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
PWF.PR.J<\/td>\nOpRet<\/td>\n102,764<\/td>\nNow with a pre-tax bid-YTW of 1.98% based on a bid of $26.84 and a call 2008-5-30 at $26.00. The market appears convinced that it will make it to the softMaturity<\/a> 2013-7-30 at $25.00 to yield 3.42%\u00a0and who knows? Maybe it’s right. The issue pays $1.175 and the call premium declines by $0.25 annually.<\/td>\n<\/tr>\n
BNA.PR.C<\/td>\nSplitShare<\/td>\n97,100<\/td>\nRecent New Issue<\/a>. Now with a pre-tax bid-YTW of 4.51% based on a bid of $24.68 and a hardMaturity 2019-01-10 at $25.00. I confess to some surprise that this isn’t priced much higher.<\/td>\n<\/tr>\n
ACO.PR.A<\/td>\nOpRet<\/td>\n50,009<\/td>\nNow with a pre-tax bid-YTW of 2.04% based on a bid of $27.91 and a call 2008-12-31 at $26.00. It may make it to its softMaturity<\/a> 2011-11-30 at $25.00, to yield 3.32% … it pays $1.4375, but the call premium declines by $0.50 p.a.<\/td>\n<\/tr>\n
SLF.PR.D<\/td>\nPerpetualDiscount<\/td>\n29,771<\/td>\nNow with a pre-tax bid-YTW of 4.53% based on a bid of $24.67 and a limitMaturity<\/a>.<\/td>\n<\/tr>\n
CM.PR.H<\/td>\nPerpetualPremium<\/td>\n27,560<\/td>\nNow with a pre-tax bid-YTW of 4.36% based on a bid of $25.66 and a call 2014-4-29 at $25.00.<\/td>\n<\/tr>\n<\/table>\n

There were six other “$25 p.v. equivalent” 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. In this version, index values are based at 1,000.0 on 2006-6-30 Index Mean Current Yield …<\/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-470","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/470","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=470"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/470\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=470"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=470"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=470"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}