{"id":502,"date":"2007-01-22T22:45:37","date_gmt":"2007-01-23T02:45:37","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=502"},"modified":"2007-01-22T22:45:37","modified_gmt":"2007-01-23T02:45:37","slug":"january-22-2007","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=502","title":{"rendered":"January 22, 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>\n4.05%<\/td>\n4.07%<\/td>\n24,908<\/td>\n17.30<\/td>\n1<\/td>\n0.0000%<\/td>\n1,029.6<\/td>\n<\/tr>\n
Fixed-Floater<\/td>\n4.75%<\/td>\n3.06%<\/td>\n74,733<\/td>\n6.58<\/td>\n7<\/td>\n0.0957%<\/td>\n1,046.4<\/td>\n<\/tr>\n
Floater<\/td>\n4.56%<\/td>\n-20.97%<\/td>\n62,305<\/td>\n4.16<\/td>\n4<\/td>\n+0.1081%<\/td>\n1,045.0<\/td>\n<\/tr>\n
Op. Retract<\/td>\n4.68%<\/td>\n2.24%<\/td>\n78,176<\/td>\n2.04<\/td>\n17<\/td>\n-0.0106%<\/td>\n1,031.3<\/td>\n<\/tr>\n
Split-Share<\/td>\n5.05%<\/td>\n0.26%<\/td>\n387,796<\/td>\n2.84<\/td>\n11<\/td>\n-0.0147%<\/td>\n1,045.2<\/td>\n<\/tr>\n
Interest Bearing<\/td>\n6.71%<\/td>\n5.88%<\/td>\n74,199<\/td>\n2.63<\/td>\n6<\/td>\n-0.0617%<\/td>\n1,034.8<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.02%<\/td>\n3.71%<\/td>\n230,448<\/td>\n5.35<\/td>\n55<\/td>\n-0.0086%<\/td>\n1,051.8<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n4.50%<\/td>\n4.52%<\/td>\n1,480,658<\/td>\n16.35<\/td>\n5<\/td>\n+0.0806%<\/td>\n1,056.1<\/td>\n<\/tr>\n<\/table>\n\n\n\n\n
Major Price Changes<\/strong><\/td>\n<\/tr>\n
Issue<\/td>\nIndex<\/td>\nChange<\/td>\nNotes<\/td>\n<\/tr>\n
There were no index-included issues with major price changes (bid\/bid) today.<\/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
RY.PR.E<\/td>\nPerpetualDiscount<\/td>\n185,599<\/td>\nRecent new issue<\/a>. Now with a pre-tax bid-YTW of 4.52% based on a bid of $24.94 and a limitMaturity<\/a><\/td>\n<\/tr>\n
MFC.PR.C<\/td>\nPerpetualPremium<\/td>\n177,475<\/td>\nRBC crossed 50,000 at 24.99; Scotia crossed 11,500 at the same price. Now with a pre-tax bid-YTW of 4.55% based on a bid of $25.01 and optionCertainty<\/a> 2037-1-22 at $25.00.<\/td>\n<\/tr>\n
BMO.PR.J<\/td>\nPerpetualDiscount<\/td>\n101,300<\/td>\nRecent new issue<\/a>. Now with a pre-tax bid-YTW of 4.52% based on a bid of $24.95 and a limitMaturity<\/a>.<\/td>\n<\/tr>\n
FBS.PR.B<\/td>\nSplitShare<\/td>\n255,990<\/td>\nRecent new issue<\/a>. CIBC crossed 217,000 at $10.30. I don’t understand why anybody would buy it at such a price – the pre-tax bid-YTW is 2.16% based on a bid of $10.30 and a call 2008-1-14 at $10.00. Buyers must be looking at the yield of 4.20% based on a hardMaturity<\/a> 2011-12-15 at $10.00, but I consider the chance of a large proportion of extant shares surviving that long to be fairly slim.<\/td>\n<\/tr>\n
RY.PR.A<\/td>\nPerpetualPremium<\/td>\n74,325<\/td>\nScotia crossed 17,300 at 25.00. Now with a pre-tax bid-YTW of 4.51% based on a bid of $24.99 and a limitMaturity.<\/td>\n<\/tr>\n<\/table>\n

There were twelve 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-502","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/502","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=502"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/502\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=502"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=502"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=502"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}