{"id":603,"date":"2007-02-20T22:52:53","date_gmt":"2007-02-21T02:52:53","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=603"},"modified":"2007-02-20T22:52:53","modified_gmt":"2007-02-21T02:52:53","slug":"february-20-2007","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=603","title":{"rendered":"February 20, 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>\n4.09%<\/td>\n4.10%<\/td>\n27,210<\/td>\n17.22<\/td>\n1<\/td>\n+0.0398%<\/td>\n1,044.9<\/td>\n<\/tr>\n
Fixed-Floater<\/td>\n4.80%<\/td>\n3.54%<\/td>\n86,257<\/td>\n8.17<\/td>\n7<\/td>\n-0.2344%<\/td>\n1,044.0<\/td>\n<\/tr>\n
Floater<\/td>\n4.48%<\/td>\n-20.31%<\/td>\n55,682<\/td>\n3.35<\/td>\n5<\/td>\n-0.0219%<\/td>\n1,047.6<\/td>\n<\/tr>\n
Op. Retract<\/td>\n4.70%<\/td>\n2.15%<\/td>\n74,116<\/td>\n2.06<\/td>\n18<\/td>\n-0.0035%<\/td>\n1,031.9<\/td>\n<\/tr>\n
Split-Share<\/td>\n5.09%<\/td>\n0.42%<\/td>\n257,600<\/td>\n2.69<\/td>\n14<\/td>\n+0.0871%<\/td>\n1,045.8<\/td>\n<\/tr>\n
Interest Bearing<\/td>\n6.47%<\/td>\n3.29%<\/td>\n59,424<\/td>\n2.35<\/td>\n5<\/td>\n-0.0189%<\/td>\n1,039.0<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.03%<\/td>\n3.75%<\/td>\n221,519<\/td>\n4.90<\/td>\n51<\/td>\n+0.1008%<\/td>\n1,054.6<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n4.53%<\/td>\n4.55%<\/td>\n1,142,956<\/td>\n15.49<\/td>\n11<\/td>\n+0.0914%<\/td>\n1,060.9<\/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
BNA.PR.A<\/td>\nSplitShare<\/td>\n+1.4853%<\/td>\nWell … the issue did, after all<\/a>, go ex-dividend today … but the price didn’t budge. So the pre-tax bid-YTW went from -4.59% yesterday to -21.46% today, based on a bid of $26.30 and a call 2007-3-22 at $25.75. But who knows? Maybe the issue will survive until its hardMaturity<\/a> 2010-09-30 at $25.00 to have yielded 4.62% … but why BAM Split<\/a> would allow an issue paying $1.56 to remain outstanding (OK, so they save $0.25 p.a. on that with the declining call premium. It’s still a lot!) when they’ve just proved<\/a> they can issue with a $1.0875 pay-out is beyond me.<\/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.A<\/td>\nPerpetualDiscount<\/td>\n172,835<\/td>\nNow with a pre-tax bid-YTW of 4.30% based on a bid of $25.60 and a call 2014-4-30 at $25.00<\/td>\n<\/tr>\n
CM.PR.I<\/td>\nPerpetualPremium<\/td>\n165,024<\/td>\nNesbitt crossed 156,300 at 25.50. Now with a pre-tax bid-YTW of\u00a04.48% based on a bid of $25.41 and a call 2016-3-1 at $25.00<\/td>\n<\/tr>\n
CM.PR.H<\/td>\nPerpetualPremium<\/td>\n130,975<\/td>\nNow with a pre-tax bid-YTW of 4.23% based on a bid of $25.99 and a call 2014-4-29 at $25.00<\/td>\n<\/tr>\n
WN.PR.B<\/td>\nOpRet<\/td>\n80,065<\/td>\nDesjardins crossed 79,300 at $25.95. Now with a pre-tax bid-YTW of 3.88% based on a bid of $25.90 and softMaturity<\/a> 2009-6-30 at $25.00.<\/td>\n<\/tr>\n
CM.PR.J<\/td>\nPerpetualDiscount<\/td>\n71,905<\/td>\nRecent new issue<\/a>. Now with a pre-tax bid-YTW of 4.53% based on a bid of $24.91 and a limitMaturity<\/a><\/td>\n<\/tr>\n<\/table>\n

There were twenty 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-603","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/603","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=603"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/603\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=603"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=603"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=603"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}