{"id":608,"date":"2007-02-21T22:40:50","date_gmt":"2007-02-22T02:40:50","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=608"},"modified":"2007-02-21T22:40:50","modified_gmt":"2007-02-22T02:40:50","slug":"february-21-2007","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=608","title":{"rendered":"February 21, 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>\n4.10%<\/td>\n4.12%<\/td>\n26,137<\/td>\n17.19<\/td>\n1<\/td>\n-0.0796%<\/td>\n1,044.0<\/td>\n<\/tr>\n
Fixed-Floater<\/td>\n4.81%<\/td>\n3.72%<\/td>\n85,328<\/td>\n8.17<\/td>\n7<\/td>\n-0.1903%<\/td>\n1,042.0<\/td>\n<\/tr>\n
Floater<\/td>\n4.48%<\/td>\n-20.50%<\/td>\n55,143<\/td>\n3.34<\/td>\n5<\/td>\n+0.0657%<\/td>\n1,048.3<\/td>\n<\/tr>\n
Op. Retract<\/td>\n4.71%<\/td>\n2.40%<\/td>\n74,002<\/td>\n2.06<\/td>\n18<\/td>\n-0.0911%<\/td>\n1,031.0<\/td>\n<\/tr>\n
Split-Share<\/td>\n5.09%<\/td>\n0.75%<\/td>\n253,022<\/td>\n2.69<\/td>\n14<\/td>\n-0.0561%<\/td>\n1,045.2<\/td>\n<\/tr>\n
Interest Bearing<\/td>\n6.47%<\/td>\n3.53%<\/td>\n60,141<\/td>\n2.36<\/td>\n5<\/td>\n+0.0525%<\/td>\n1,039.5<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.03%<\/td>\n3.77%<\/td>\n219,626<\/td>\n5.02<\/td>\n51<\/td>\n-0.0350%<\/td>\n1,054.2<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n4.52%<\/td>\n4.55%<\/td>\n1,098,440<\/td>\n15.49<\/td>\n11<\/td>\n+0.0220%<\/td>\n1,061.1<\/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
There were no index-included issues with extraordinary performance today.<\/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
CM.PR.J<\/td>\nPerpetualDiscount<\/td>\n100,455<\/td>\nRecent new issue<\/a>. Now with a pre-tax bid-YTW of 4.53% based on a bid of $24.94 and a limitMaturity<\/a><\/td>\n<\/tr>\n
WN.PR.B<\/td>\nOpRet<\/td>\n43,790<\/td>\nCredit watch negative<\/a>! Scotia crossed 23,300 at $26.05, then Desjardines crossed 20,000 at the same price. Now with a pre-tax bid-YTW of 3.71% based on a bid of $26.00 and softMaturity<\/a> 2009-6-30 at $25.00. That’s an interest equivalent of 5.19% at standard equivalency<\/a> … I note that the Weston bonds, 6.45%\/11, are trading 44bp back of Canadas, call it maybe 4.50%.<\/td>\n<\/tr>\n
BMO.PR.J<\/td>\nPerpetualDiscount<\/td>\n24,155<\/td>\nRecent new issue<\/a>. Now with a pre-tax bid-YTW of 4.51% based on a bid of $25.13 and either a call 2016-3-26 at $25.00, or a limitMaturity<\/a>, take your pick.<\/td>\n<\/tr>\n
RY.PR.A<\/td>\nPerpetualDiscount<\/td>\n23,135<\/td>\nNow with a pre-tax bid-YTW of 4.47% based on a bid of $24.95 and a limitMaturity<\/a>.<\/td>\n<\/tr>\n
RY.PR.D<\/td>\nPerpetualPremium<\/td>\n22,700<\/td>\nRBC bought 16,400 from various dealers in six tranches at $25.19-20 (and another 3,700 in three tranches later in the afternoon). Now with a pre-tax bid-YTW of 4.54% based on a bid of $25.12 and a limitMaturity.<\/td>\n<\/tr>\n<\/table>\n

There were twenty-three 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-608","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/608","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=608"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/608\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=608"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=608"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=608"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}