{"id":509,"date":"2007-01-23T23:02:48","date_gmt":"2007-01-24T03:02:48","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=509"},"modified":"2007-01-23T23:02:48","modified_gmt":"2007-01-24T03:02:48","slug":"january-23-2007","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=509","title":{"rendered":"January 23, 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>\n4.02%<\/td>\n4.04%<\/td>\n26,599<\/td>\n17.36<\/td>\n1<\/td>\n+0.6036%<\/td>\n1,035.8<\/td>\n<\/tr>\n
Fixed-Floater<\/td>\n4.75%<\/td>\n2.98%<\/td>\n74,615<\/td>\n10.15<\/td>\n7<\/td>\n+0.1118%<\/td>\n1,047.6<\/td>\n<\/tr>\n
Floater<\/td>\n4.56%<\/td>\n-20.79%<\/td>\n62,140<\/td>\n8.22<\/td>\n4<\/td>\n-0.0292%<\/td>\n1,044.7<\/td>\n<\/tr>\n
Op. Retract<\/td>\n4.68%<\/td>\n2.24%<\/td>\n79,726<\/td>\n2.01<\/td>\n17<\/td>\n-0.0402%<\/td>\n1,030.9<\/td>\n<\/tr>\n
Split-Share<\/td>\n5.05%<\/td>\n0.82%<\/td>\n382,155<\/td>\n2.83<\/td>\n11<\/td>\n+0.0109%<\/td>\n1,045.3<\/td>\n<\/tr>\n
Interest Bearing<\/td>\n6.70%<\/td>\n5.81%<\/td>\n74,426<\/td>\n2.63<\/td>\n6<\/td>\n+0.0693%<\/td>\n1,035.5<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.02%<\/td>\n3.78%<\/td>\n230,211<\/td>\n5.40<\/td>\n55<\/td>\n+0.0156%<\/td>\n1,051.9<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n4.50%<\/td>\n4.53%<\/td>\n1,476,495<\/td>\n16.35<\/td>\n5<\/td>\n+0.0081%<\/td>\n1,056.2<\/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
CM.PR.H<\/td>\nPerpetualPremium<\/td>\n+1.0160%<\/td>\nNow with a pre-tax bid-YTW of 4.26%, based on a bid of $25.85 and a call 2014-4-29 at $25.00.<\/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
RY.PR.E<\/td>\nPerpetualDiscount<\/td>\n122,710<\/td>\nRecent new issue<\/a>. Now with a pre-tax bid-YTW of 4.52% based on a bid of $24.97 and a limitMaturity<\/a><\/td>\n<\/tr>\n
NA.PR.K<\/td>\nPerpetualPremium<\/td>\n106,900<\/td>\nDesjardins crossed 99,900 at $27.50 … who was the buyer? The pre-tax bid-YTW on this issue is now 1.61% based on a bid of $27.35 and a call 2008-06-14 at $26.00. It will have yielded 3.86% if it makes it to the 2012-6-14 call at $25.00 … but is the risk all that necessary? Look at the other issues, just on this high-volume summary! The issue pays $1.4625 p.a., with a declining call premium of $0.25 p.a.<\/td>\n<\/tr>\n
BMO.PR.J<\/td>\nPerpetualDiscount<\/td>\n81,640<\/td>\nRecent new issue<\/a>. Now with a pre-tax bid-YTW of 4.52% based on a bid of $24.96 and a limitMaturity.<\/a><\/td>\n<\/tr>\n
CM.PR.I<\/td>\nPerpetualPremium<\/td>\n64,372<\/td>\nNow with a pre-tax bid-YTW of 4.53% based on a bid of $25.35 and a call 2016-3-1 at $25.00.<\/td>\n<\/tr>\n
GWO.PR.H<\/td>\nPerpetualPremium<\/td>\n53,040<\/td>\nTD crossed 50,000 at $25.92. Now with a pre-tax bid-YTW of 4.38% based on a bid of $25.90 and call 2014-10-30 at $25.00<\/td>\n<\/tr>\n<\/table>\n

There were twenty-four other “$25 p.v. equivalent” index-included issues with over 10,000 shares traded today.<\/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-509","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/509","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=509"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/509\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=509"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=509"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=509"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}