{"id":483,"date":"2007-01-17T01:50:19","date_gmt":"2007-01-17T05:50:19","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=483"},"modified":"2007-01-17T01:50:19","modified_gmt":"2007-01-17T05:50:19","slug":"january-16-2007","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=483","title":{"rendered":"January 16, 2007"},"content":{"rendered":"<p>Sorry! No time to do the indices just now! I will update them tom&#8230; er, later today.<\/p>\n<table border=\"1\">\n<tr>\n<td colspan=\"4\"><strong>Major Price Changes<\/strong><\/td>\n<\/tr>\n<tr>\n<td>Issue<\/td>\n<td>Index<\/td>\n<td>Change<\/td>\n<td>Notes<\/td>\n<\/tr>\n<tr>\n<td colspan=\"4\">There were no index-included issues with major price moves today.<\/td>\n<\/tr>\n<\/table>\n<table border=\"1\">\n<tr>\n<td colspan=\"4\"><strong>Volume Highlights<\/strong><\/td>\n<\/tr>\n<tr>\n<td>Issue<\/td>\n<td>Index<\/td>\n<td>Volume<\/td>\n<td>Notes<\/td>\n<\/tr>\n<tr>\n<td>FBS.PR.A<\/td>\n<td>SplitShare<\/td>\n<td>678,160<\/td>\n<td><a href=\"http:\/\/www.prefblog.com\/?p=469\">Recent new issue<\/a>. Now with a pre-tax bid-YTW of 1.82% based on a bid of $10.33 and a call 2008-1-14 at $10.00, so why bother? There would seem to be a lot of money being bet that it will make it to its <a href=\"http:\/\/www.prefshares.com\/glossary.html#hardMaturity\">hardMaturity<\/a> 2011-12-15 at $10.00, which yields 4.12%. I&#8217;ll take the other side of that bet!<\/td>\n<\/tr>\n<tr>\n<td>BNA.PR.C<\/td>\n<td>SplitShare<\/td>\n<td>69,331<\/td>\n<td>Now with a pre-tax bid-YTW of 4.47% based on a bid of $24.77 and a hardMaturity 2019-01-10 at $25.00. Now, that&#8217;s more like it!<\/td>\n<\/tr>\n<tr>\n<td>PWF.PR.L<\/td>\n<td>PerpetualPremium<\/td>\n<td>52,500<\/td>\n<td>Now with a pre-tax bid-YTW of 4.20% based on a bid of $26.65 and a call 2015-11-30 at $25.00.<\/td>\n<\/tr>\n<tr>\n<td>GWO.PR.G<\/td>\n<td>PerpetualPremium<\/td>\n<td>51,495<\/td>\n<td>Now with a pre-tax bid-YTW of 4.09% based on a call 2010-01-30 at $26.00 &#8230; or 2011-1-30 at $25.75 &#8230; or 2012-1-30 at $25.50! Even if it lasts until the call 2014-1-30 at $25.00, the yield only increases to 4.11%! Pays $1.30, for those who are interested.<\/td>\n<\/tr>\n<tr>\n<td>SLF.PR.B<\/td>\n<td>PerpetualPremium<\/td>\n<td>47,555<\/td>\n<td>Now with a pre-tax bid-YTW of 4.34% based on a call 2014-10-30 at $25.00.<\/td>\n<\/tr>\n<\/table>\n<p>There were twelve other &#8220;$25 p.v. equivalent&#8221; index-included issues with over 10,000 shares traded today.<\/p>\n<p><strong>Update<\/strong>:<\/p>\n<table border=\"1\">\n<tr>\n<td colspan=\"8\"><strong>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<tr>\n<td>Index<\/td>\n<td>Mean Current Yield (at bid)<\/td>\n<td>Mean YTW<\/td>\n<td>Mean Average Trading Value<\/td>\n<td>Mean Mod Dur (YTW)<\/td>\n<td>Issues<\/td>\n<td>Day&#8217;s Perf.<\/td>\n<td>Index Value<\/td>\n<\/tr>\n<tr>\n<td>Ratchet<\/td>\n<td>4.07%<\/td>\n<td>4.09%<\/td>\n<td>23,999<\/td>\n<td>17.28<\/td>\n<td>1<\/td>\n<td>+0.1208%<\/td>\n<td>1,030.0<\/td>\n<\/tr>\n<tr>\n<td>Fixed-Floater<\/td>\n<td>4.77%<\/td>\n<td>3.35%<\/td>\n<td>77,555<\/td>\n<td>12.53<\/td>\n<td>7<\/td>\n<td>+0.2349%<\/td>\n<td>1,043.7<\/td>\n<\/tr>\n<tr>\n<td>Floater<\/td>\n<td>4.56%<\/td>\n<td>-24.21%<\/td>\n<td>62,783<\/td>\n<td>8.21<\/td>\n<td>4<\/td>\n<td>+0.2170%<\/td>\n<td>1,043.0<\/td>\n<\/tr>\n<tr>\n<td>Op. Retract<\/td>\n<td>4.68%<\/td>\n<td>2.05%<\/td>\n<td>79,258<\/td>\n<td>2.02<\/td>\n<td>17<\/td>\n<td>+0.0597%<\/td>\n<td>1,031.4<\/td>\n<\/tr>\n<tr>\n<td>Split-Share<\/td>\n<td>5.05%<\/td>\n<td>0.51%<\/td>\n<td>408,981<\/td>\n<td>2.85<\/td>\n<td>11<\/td>\n<td>+0.0490%<\/td>\n<td>1,046.0<\/td>\n<\/tr>\n<tr>\n<td>Interest Bearing<\/td>\n<td>6.70%<\/td>\n<td>5.68%<\/td>\n<td>75,169<\/td>\n<td>2.64<\/td>\n<td>6<\/td>\n<td>+0.0930%<\/td>\n<td>1,035.2<\/td>\n<\/tr>\n<tr>\n<td>Perpetual-Premium<\/td>\n<td>5.02%<\/td>\n<td>3.65%<\/td>\n<td>241,089<\/td>\n<td>5.44<\/td>\n<td>55<\/td>\n<td>-0.0087%<\/td>\n<td>1,052.3<\/td>\n<\/tr>\n<tr>\n<td>Perpetual-Discount<\/td>\n<td>4.51%<\/td>\n<td>4.53%<\/td>\n<td>767,953<\/td>\n<td>16.33<\/td>\n<td>3<\/td>\n<td>+0.0539%<\/td>\n<td>1,055.4<\/td>\n<\/tr>\n<\/table>\n<p><!--8d39d4e73a35c5fa1be889686c2af97a--><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Sorry! No time to do the indices just now! I will update them tom&#8230; er, later today. Major Price Changes Issue Index Change Notes There were no index-included issues with major price moves today. Volume &hellip;<\/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-483","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/483","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=483"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/483\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=483"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=483"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=483"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}