{"id":560,"date":"2007-02-05T22:49:16","date_gmt":"2007-02-06T02:49:16","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=560"},"modified":"2007-02-05T22:49:16","modified_gmt":"2007-02-06T02:49:16","slug":"february-5-2007","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=560","title":{"rendered":"February 5, 2007"},"content":{"rendered":"
\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<\/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>\n4.04%<\/td>\n4.05%<\/td>\n28,531<\/td>\n17.36<\/td>\n1<\/td>\n+0.0401%<\/td>\n1,038.2<\/td>\n<\/tr>\n
Fixed-Floater<\/td>\n4.81%<\/td>\n3.51%<\/td>\n103,723<\/td>\n8.23<\/td>\n7<\/td>\n+0.1475%<\/td>\n1,042.6<\/td>\n<\/tr>\n
Floater<\/td>\n4.43%<\/td>\n-30.31%<\/td>\n57,894<\/td>\n6.55<\/td>\n5<\/td>\n-0.0776%<\/td>\n1,057.7<\/td>\n<\/tr>\n
Op. Retract<\/td>\n4.72%<\/td>\n2.32%<\/td>\n74,475<\/td>\n2.10<\/td>\n18<\/td>\n+0.1024%<\/td>\n1,027.9<\/td>\n<\/tr>\n
Split-Share<\/td>\n5.17%<\/td>\n0.86%<\/td>\n272,353<\/td>\n2.52<\/td>\n13<\/td>\n-0.1860%<\/td>\n1,040.8<\/td>\n<\/tr>\n
Interest Bearing<\/td>\n6.70%<\/td>\n4.30%<\/td>\n71,118<\/td>\n3.88<\/td>\n6<\/td>\n+0.0265%<\/td>\n1,035.0<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.03%<\/td>\n4.05%<\/td>\n236,263<\/td>\n5.04<\/td>\n51<\/td>\n+0.0356%<\/td>\n1,052.2<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n4.55%<\/td>\n4.58%<\/td>\n1,113,363<\/td>\n16.24<\/td>\n10<\/td>\n+0.0202%<\/td>\n1,052.8<\/td>\n<\/tr>\n<\/table>\n<\/div>\n\n\n\n\n
Major Price Changes<\/strong><\/td>\n<\/tr>\n
Issue<\/td>\nIndex<\/td>\nChange<\/td>\nNotes<\/td>\n<\/tr>\n
LBS.PR.A<\/td>\nSplitShare<\/td>\n-1.2127%<\/td>\nIt’s always the way, eh? This is an issue I like. And on the first day of trading after an issue I don’t like gets called (DIV.PR.A<\/a>), it’s the issue I like that craps out. Such is life in the preferred market. LBS.PR.A now has a pre-tax bid-YTW of 4.32% based on a bid of $10.59 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
SLF.PR.C<\/td>\nPerpetualDiscount<\/td>\n59,130<\/td>\nNow with a pre-tax bid-YTW of 4.54% based on a bid of $24.75 and a limitMaturity<\/a>.<\/td>\n<\/tr>\n
CM.PR.H<\/td>\nPerpetualPremium<\/td>\n51,137<\/td>\nRBC crossed 27,000 at $26.00. Now with a pre-tax bid-YTW of 4.26% based on a bid of $25.90 and a call 2014-4-29 at $25.00.<\/td>\n<\/tr>\n
SLF.PR.E<\/td>\nPerpetualDiscount<\/td>\n43,790<\/td>\nRecent new issue<\/a>. Now with a pre-tax bid-YTW of 4.58% based on a bid of $24.66 and a limitMaturity.<\/td>\n<\/tr>\n
POW.PR.D<\/td>\nPerpetualPremium<\/td>\n33,890<\/td>\nNow with a pre-tax bid-YTW of 4.28% based on a bid of $26.31 and a call 2014-11-30 at $25.00<\/td>\n<\/tr>\n
CM.PR.I<\/td>\nPerpetualPremium<\/td>\n26,470<\/td>\nNow with a pre-tax bid-YTW of 4.52% based on a bid of $25.40 and a call 2016-3-1 at $25.00. Both better yield and better interest rate protection than the new issue<\/a>.<\/td>\n<\/tr>\n<\/table>\n

There were eleven 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-560","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/560","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=560"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/560\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=560"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=560"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=560"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}