{"id":645,"date":"2007-02-27T22:46:09","date_gmt":"2007-02-28T02:46:09","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=645"},"modified":"2007-02-27T22:46:09","modified_gmt":"2007-02-28T02:46:09","slug":"february-27-2007","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=645","title":{"rendered":"February 27, 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>\n4.13%<\/td>\n4.13%<\/td>\n24,583<\/td>\n17.19<\/td>\n1<\/td>\n+0.0000%<\/td>\n1,047.4<\/td>\n<\/tr>\n
Fixed-Floater<\/td>\n4.82%<\/td>\n3.63%<\/td>\n80,292<\/td>\n8.11<\/td>\n7<\/td>\n-0.1727%<\/td>\n1,039.8<\/td>\n<\/tr>\n
Floater<\/td>\n4.48%<\/td>\n-18.48%<\/td>\n53,918<\/td>\n3.36<\/td>\n5<\/td>\n-0.2812%<\/td>\n1,046.5<\/td>\n<\/tr>\n
Op. Retract<\/td>\n4.72%<\/td>\n2.38%<\/td>\n74,446<\/td>\n2.05<\/td>\n18<\/td>\n-0.0727%<\/td>\n1,029.9<\/td>\n<\/tr>\n
Split-Share<\/td>\n5.11%<\/td>\n0.47%<\/td>\n234,389<\/td>\n2.78<\/td>\n14<\/td>\n-0.2838%<\/td>\n1,041.5<\/td>\n<\/tr>\n
Interest Bearing<\/td>\n6.49%<\/td>\n4.69%<\/td>\n63,531<\/td>\n2.35<\/td>\n5<\/td>\n-0.0195%<\/td>\n1,039.4<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.03%<\/td>\n3.84%<\/td>\n213,338<\/td>\n5.02<\/td>\n51<\/td>\n+0.0276%<\/td>\n1,055.0<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n4.52%<\/td>\n4.55%<\/td>\n1,062,839<\/td>\n15.44<\/td>\n11<\/td>\n+0.0731%<\/td>\n1,062.4<\/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
PIC.PR.A<\/td>\nSplitShare<\/td>\n-2.4375%<\/td>\nThose poor guys at Raymond James! As far as I can make out from the trades, all they wanted to do was sell a lousy 268 shares. Less than $5,000 worth. So the first 100 gets sold to TD at $15.96. That’s OK. That trade is stamped 3:33pm. But … the next 100 shares is timestamped 3:34pm! And sold to “Anonymous”! At $15.46! Sometimes huge trades like this can really move the market, you know? The issue closed at 15.61-00, 10×3.<\/td>\n<\/tr>\n
ACO.PR.A<\/td>\nOpRet<\/td>\n-1.506%<\/td>\nGets hit again<\/a>, to close at $26.80-00, on volume of 1,405 shares, which traded in a range of $26.69-01. Actually, at the bid level of $26.80, it starts to look reasonable, with a pre-tax bid-YTW of 3.78% based on a call at $26.00 2008-12-31.<\/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
GWO.PR.F<\/td>\nPerpetualPremium<\/td>\n206,323<\/td>\nJust like yesterday, lots of action with Desjardins in the thick of things. They crossed 175,000 at $28.11, then another 25,000 at the same price. Now with a pre-tax bid-YTW of 1.44%, based on a bid of $28.05 and a call 2008-10-30 at $26.00.<\/td>\n<\/tr>\n
SLF.PR.E<\/td>\nPerpetualDiscount<\/td>\n76,285<\/td>\nRecent new issue<\/a>. Now with a pre-tax bid-YTW of 4.52% based on a bid of $24.84 and a limitMaturity<\/a>.<\/td>\n<\/tr>\n
BNS.PR.L<\/td>\nPerpetualPremium<\/td>\n40,400<\/td>\nRecent new issue<\/a>. Now with a pre-tax bid-YTW of 4.49% based on a bid of 25.15 and a call 2016-5-27 at 4.49%.<\/td>\n<\/tr>\n
SLF.PR.D<\/td>\nPerpetualDiscount<\/td>\n32,767<\/td>\nNow with a pre-tax bid-YTW of 4.47% based on a bid of $24.80 and a limitMaturity.<\/td>\n<\/tr>\n
RY.PR.E<\/td>\nPerpetualDiscount<\/td>\n32,150<\/td>\nRecent new issue<\/a>. Now with a pre-tax bid-YTW of 4.52%, based on a bid of $25.12 and either a call at $25.00 on 2016-3-25, or a limitMaturity – take your pick.<\/td>\n<\/tr>\n<\/table>\n

There were seventeen other “$25 p.v. equivalent” index-included issues with over 10,000 shares traded today.<\/p>\n

If you want to read about all the excitement on the stock markets today, go read an equities blog!<\/p>\n

Update<\/strong> : An equities blog like this one<\/a>, for instance. Now, that’s<\/em> funny! JH<\/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-645","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/645","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=645"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/645\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=645"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=645"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=645"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}