{"id":564,"date":"2007-02-07T00:23:55","date_gmt":"2007-02-07T04:23:55","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=564"},"modified":"2007-02-07T00:23:55","modified_gmt":"2007-02-07T04:23:55","slug":"february-6-2007","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=564","title":{"rendered":"February 6, 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>\n4.05%<\/td>\n4.05%<\/td>\n28,412<\/td>\n17.35<\/td>\n1<\/td>\n-0.0400%<\/td>\n1,037.8<\/td>\n<\/tr>\n
Fixed-Floater<\/td>\n4.79%<\/td>\n3.54%<\/td>\n101,377<\/td>\n4.56<\/td>\n7<\/td>\n+0.2711%<\/td>\n1,045.4<\/td>\n<\/tr>\n
Floater<\/td>\n4.45%<\/td>\n-27.45%<\/td>\n57,589<\/td>\n6.58<\/td>\n5<\/td>\n-0.2672%<\/td>\n1,054.9<\/td>\n<\/tr>\n
Op. Retract<\/td>\n4.72%<\/td>\n2.38%<\/td>\n73,951<\/td>\n2.12<\/td>\n18<\/td>\n-0.0237%<\/td>\n1,027.7<\/td>\n<\/tr>\n
Split-Share<\/td>\n5.10%<\/td>\n1.00%<\/td>\n314,869<\/td>\n2.65<\/td>\n14<\/td>\n+0.1238%<\/td>\n1,042.0<\/td>\n<\/tr>\n
Interest Bearing<\/td>\n6.69%<\/td>\n2.11%<\/td>\n71,648<\/td>\n3.87<\/td>\n6<\/td>\n+0.1858%<\/td>\n1,036.9<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.03%<\/td>\n3.88%<\/td>\n234,236<\/td>\n5.03<\/td>\n51<\/td>\n-0.0521%<\/td>\n1,051.7<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n4.54%<\/td>\n4.57%<\/td>\n1,092,248<\/td>\n16.25<\/td>\n10<\/td>\n+0.1051%<\/td>\n1,053.9<\/td>\n<\/tr>\n<\/table>\n<\/div>\n\n\n\n\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
TOC.PR.B<\/td>\nFloater<\/td>\n-1.6541%<\/td>\nStill gyrating, as it has since January 26<\/a>. This time on volume of 873 shares. I wonder what the TSX is saying to the market maker<\/a>.<\/td>\n<\/tr>\n
GWO.PR.F<\/td>\nPerpetualPremium<\/td>\n-1.5771%<\/td>\nRBC sold 5,000 shares at 3:24pm, which took the bid from 27.55 to 27.46. Now with a pre-tax bid-YTW of 2.70% based on a bid of 27.46 and a call 2008-10-30 at $26.00<\/td>\n<\/tr>\n
ACO.PR.A<\/td>\nOpRet<\/td>\n-1.2821%<\/td>\nClosed at 26.95-60, 100×5, but that fine bid was a late entry … some traded as low as 27.26 on the day. Now with a pre-tax bid-YTW of 3.35% based on a bid of $26.95 and a call 2008-12-31 at $26.00<\/td>\n<\/tr>\n
WFS.PR.A<\/td>\nSplitShare<\/td>\n-1.0348%<\/td>\nNow with a pre-tax bid-YTW of 4.11% based on a bid of 10.52 and a hardMaturity<\/a> 2011-6-30.<\/td>\n<\/tr>\n
BCE.PR.Z<\/td>\nFixedFloater<\/td>\n+1.0236%<\/td>\nAs recently discussed<\/a>, this becomes exchangeable with BCE.PR.Y in December<\/td>\n<\/tr>\n
FIG.PR.A<\/td>\nInterestBearing<\/td>\n+1.1905%<\/td>\nMergers & liquidity<\/a> are good for you! The trouble, of course, comes with the call schedule. Now with a pre-tax bid-YTW of -17.67% based on a bid of $10.20 and a call 2007-3-8 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
ACO.PR.A<\/td>\nOpRet<\/td>\n77,046<\/td>\nDown substantially on the day (bid\/bid). Somebody wanted to SELL!<\/td>\n<\/tr>\n
SLF.PR.E<\/td>\nPerpetualDiscount<\/td>\n57,415<\/td>\nRecent new issue<\/a>. Now with a pre-tax bid-YTW of 4.58% based on a bid of $24.65 and a limitMaturity<\/a>.<\/td>\n<\/tr>\n
PWF.PR.K<\/td>\nPerpetualPremium<\/td>\n55,900<\/td>\nRBC crossed 50,000 at 26.27. Now with a pre-tax bid-YTW of 4.26% based on a bid of $26.20 and a call 2014-11-30 at $25.00<\/td>\n<\/tr>\n
CM.PR.I<\/td>\nPerpetualPremium<\/td>\n52,007<\/td>\nNesbitt crossed 10,000 at 25.38. Now 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>. Just like yesterday<\/a>!<\/td>\n<\/tr>\n
SLF.PR.D<\/td>\nPerpetualDiscount<\/td>\n26,412<\/td>\nNow with a pre-tax bid-YTW of 4.54% based on a bid of 24.73 and a limitMaturity<\/td>\n<\/tr>\n<\/table>\n

There were eighteen 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-564","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/564","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=564"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/564\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=564"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=564"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=564"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}