{"id":597,"date":"2007-02-19T22:43:29","date_gmt":"2007-02-20T02:43:29","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=597"},"modified":"2007-02-19T22:43:29","modified_gmt":"2007-02-20T02:43:29","slug":"february-19-2007","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=597","title":{"rendered":"February 19, 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>\n4.08%<\/td>\n4.10%<\/td>\n28,327<\/td>\n17.23<\/td>\n1<\/td>\n-0.3175%<\/td>\n1,044.4<\/td>\n<\/tr>\n
Fixed-Floater<\/td>\n4.79%<\/td>\n3.36%<\/td>\n86,996<\/td>\n6.36<\/td>\n7<\/td>\n+0.3377%<\/td>\n1,046.5<\/td>\n<\/tr>\n
Floater<\/td>\n4.48%<\/td>\n-21.55%<\/td>\n55,437<\/td>\n6.59<\/td>\n5<\/td>\n-0.2655%<\/td>\n1,047.8<\/td>\n<\/tr>\n
Op. Retract<\/td>\n4.70%<\/td>\n2.37%<\/td>\n75,401<\/td>\n2.07<\/td>\n18<\/td>\n+0.0357%<\/td>\n1,032.0<\/td>\n<\/tr>\n
Split-Share<\/td>\n5.09%<\/td>\n1.28%<\/td>\n260,867<\/td>\n2.63<\/td>\n14<\/td>\n+0.0197%<\/td>\n1,044.9<\/td>\n<\/tr>\n
Interest Bearing<\/td>\n6.47%<\/td>\n3.95%<\/td>\n59,409<\/td>\n2.36<\/td>\n5<\/td>\n+0.3539%<\/td>\n1,039.2<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.03%<\/td>\n3.90%<\/td>\n222,165<\/td>\n4.91<\/td>\n51<\/td>\n+0.0438%<\/td>\n1,053.6<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n4.53%<\/td>\n4.55%<\/td>\n1,159,789<\/td>\n16.30<\/td>\n11<\/td>\n+0.0479%<\/td>\n1,059.9<\/td>\n<\/tr>\n<\/table>\n<\/div>\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
SXT.PR.A<\/td>\nSplitShare<\/td>\n+1.1623%<\/td>\nI don’t get it. How about a word from the sponsor<\/a>? “The special annual retraction date occurs on March 15th of each year. … The Company may redeem Preferred Shares on any annual retraction date at a price per share equal to $25.00 to the extent that Capital Shares are retracted under a special annual retraction.” I’ve brought this up before<\/a>, but no one pays attention. Now with a pre-tax bid-YTW of -16.14% (NEGATIVE 16.14%) based on a bid of $26.11 and a call 2007-4-14 at $25.00. It will be most interesting to learn the percentage retraction this time ’round.<\/td>\n<\/tr>\n
BSD.PR.A<\/td>\nInterestBearing<\/td>\n+1.6000%<\/td>\nThis one makes more sense. Now with a pre-tax bid-YTW of 5.97% (as interest) based on a bid of $10.16 and a hardMaturity<\/a> 2015-3-31 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.D<\/td>\nPerpetualDiscount<\/td>\n56,437<\/td>\nNow with a pre-tax bid-YTW of 4.49% based on a bid of $24.65 and a limitMaturity<\/a>.<\/td>\n<\/tr>\n
AL.PR.E<\/td>\nFloater<\/td>\n51,125<\/td>\nTD crossed 44,300 at $26.50.<\/td>\n<\/tr>\n
CM.PR.J<\/td>\nPerpetualDiscount<\/td>\n50,430<\/td>\nRecent New Issue<\/a>. Now with a pre-tax bid-YTW of 4.53% based on a bid of $24.90 and a limitMaturity.<\/td>\n<\/tr>\n
BNS.PR.L<\/td>\nPerpetualPremium<\/td>\n36,100<\/td>\nRecent New Issue<\/a>. Now with a pre-tax bid-YTW of 4.51% based on a bid of $25.10 and either a call 2016-5-27 at $25.00, or a limitMaturity. Take your pick.<\/td>\n<\/tr>\n
SLF.PR.E<\/td>\nPerpetualDiscount<\/td>\n23,900<\/td>\nRecent New Issue<\/a>. Now with a pre-tax bid-YTW of 4.53% based on a bid of $24.76 and a limitMaturity.<\/td>\n<\/tr>\n<\/table>\n

There were nine 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-597","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/597","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=597"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/597\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=597"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=597"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=597"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}