{"id":664,"date":"2007-03-06T00:16:04","date_gmt":"2007-03-06T04:16:04","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=664"},"modified":"2007-03-06T00:16:04","modified_gmt":"2007-03-06T04:16:04","slug":"march-5-2007","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=664","title":{"rendered":"March 5, 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>\n4.00%<\/td>\n3.82%<\/td>\n81,158<\/td>\n3.90<\/td>\n1<\/td>\n+0.2389%<\/td>\n1,049.4<\/td>\n<\/tr>\n
Fixed-Floater<\/td>\n4.97%<\/td>\n3.46%<\/td>\n110,378<\/td>\n4.61<\/td>\n5<\/td>\n+0.0241%<\/td>\n1,041.7<\/td>\n<\/tr>\n
Floater<\/td>\n4.72%<\/td>\n-16.25%<\/td>\n76,368<\/td>\n0.67<\/td>\n3<\/td>\n-0.0654%<\/td>\n1,047.5<\/td>\n<\/tr>\n
Op. Retract<\/td>\n4.71%<\/td>\n2.40%<\/td>\n75,554<\/td>\n2.12<\/td>\n17<\/td>\n+0.0099%<\/td>\n1,031.6<\/td>\n<\/tr>\n
Split-Share<\/td>\n5.07%<\/td>\n1.25%<\/td>\n204,335<\/td>\n3.24<\/td>\n15<\/td>\n-0.0273%<\/td>\n1,043.5<\/td>\n<\/tr>\n
Interest Bearing<\/td>\n6.48%<\/td>\n1.67%<\/td>\n64,473<\/td>\n2.33<\/td>\n5<\/td>\n+0.3755%<\/td>\n1,040.8<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.01%<\/td>\n3.62%<\/td>\n259,811<\/td>\n5.40<\/td>\n53<\/td>\n-0.0284%<\/td>\n1,055.4<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n4.54%<\/td>\n4.54%<\/td>\n823,574<\/td>\n14.20<\/td>\n9<\/td>\n-0.0754%<\/td>\n1,064.1<\/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
FIG.PR.A<\/td>\nInterestBearing<\/td>\n+1.0891%<\/td>\nTraded as high as $10.37 before closing at $10.21-35, 5×10, on volume of 17,679 shares with a burst of activity (6,538 shares) in the last few minutes before the close. Now with a pre-tax bid-YTW of -13.62 based on a call 2007-04-04 at $10.00, which really sent the average YTW of the InterestBearing index<\/a> for a loop.<\/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
PIC.PR.A<\/td>\nSplitShare<\/td>\n210,473<\/td>\nNice volume for a seasoned split share! Scotia crossed 70,000 at 16.00. Now with a pre-tax bid-YTW of 3.94% based on a bid of $16.01 and a hardMaturity<\/a> 2010-11-01 at $15.00<\/td>\n<\/tr>\n
PWF.PR.K<\/td>\nPerpetualPremium<\/td>\n96,000<\/td>\nRBC crossed 37,200 at $26.25, then another 40,000 at the same price, then sold 15,000 to Desjardins at the $26.25 mark. Now with a pre-tax bid-YTW of 4.28% based on a bid of $26.25 and a call 2014-11-30 at $25.00.<\/td>\n<\/tr>\n
CM.PR.J<\/td>\nPerpetualDiscount<\/td>\n52,307<\/td>\nRecent new issue<\/a> on credit watch positive<\/a>. Now with a pre-tax bid-YTW of 4.54% based on a bid of $24.93 and a limitMaturity<\/a>.<\/td>\n<\/tr>\n
MFC.PR.C<\/td>\nPerpetualDiscount<\/td>\n50,995<\/td>\nNow with a pre-tax bid-YTW of 4.47% based on a bid of $25.05 and a call 2015-4-18 at $25.00.<\/td>\n<\/tr>\n
BNS.PR.K<\/td>\nPerpetualPremium<\/td>\n45,820<\/td>\nRBC crossed 40,000 at $26.25. Now with a pre-tax bid-YTW of 4.18% based on a bid of $26.11 and a call 2014-5-28 at 25.00.<\/td>\n<\/tr>\n<\/table>\n

There were thirteen 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-664","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/664","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=664"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/664\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=664"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=664"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=664"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}