{"id":673,"date":"2007-03-09T22:09:58","date_gmt":"2007-03-10T02:09:58","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=673"},"modified":"2007-03-09T22:09:58","modified_gmt":"2007-03-10T02:09:58","slug":"march-9-2007","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=673","title":{"rendered":"March 9, 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>\n4.02%<\/td>\n3.89%<\/td>\n87,318<\/td>\n3.88<\/td>\n1<\/td>\n0.0000%<\/td>\n1,047.4<\/td>\n<\/tr>\n
Fixed-Floater<\/td>\n4.97%<\/td>\n3.48%<\/td>\n108,894<\/td>\n4.60<\/td>\n5<\/td>\n+0.0951%<\/td>\n1,041.4<\/td>\n<\/tr>\n
Floater<\/td>\n4.71%<\/td>\n-17.32%<\/td>\n71,942<\/td>\n11.02<\/td>\n3<\/td>\n+0.0264%<\/td>\n1,050.1<\/td>\n<\/tr>\n
Op. Retract<\/td>\n4.70%<\/td>\n2.65%<\/td>\n77,098<\/td>\n2.15<\/td>\n17<\/td>\n-0.0983%<\/td>\n1,033.1<\/td>\n<\/tr>\n
Split-Share<\/td>\n5.07%<\/td>\n1.31%<\/td>\n191,061<\/td>\n3.23<\/td>\n15<\/td>\n-0.0182%<\/td>\n1,044.3<\/td>\n<\/tr>\n
Interest Bearing<\/td>\n6.47%<\/td>\n3.96%<\/td>\n67,036<\/td>\n2.33<\/td>\n5<\/td>\n+0.1659%<\/td>\n1,041.9<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.00%<\/td>\n3.56%<\/td>\n247,963<\/td>\n5.39<\/td>\n53<\/td>\n+0.0117%<\/td>\n1,057.3<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n4.53%<\/td>\n4.53%<\/td>\n792,348<\/td>\n13.15<\/td>\n9<\/td>\n-0.0040%<\/td>\n1,066.7<\/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
TD.PR.M<\/td>\nOpRet<\/td>\n-1.5659%<\/td>\nOn volume of 700 shares – which was enough to knock the quote down to 27.03-59, 55×4. Now with a pre-tax bid-YTW of 2.90% based on the bid and a call 2009-5-30 at $26.00. If it survives until its softMaturity<\/a> 2013-10-30 at $25.00, it will have yielded 3.42%<\/td>\n<\/tr>\n
BAM.PR.I<\/td>\nOpRet<\/td>\n+1.3011%<\/td>\nAn issue with similar terms to the TD.PR.M – the main difference is the credit. It pays $1.375 p.a., as opposed $1.175 for TD.PR.M. It did not trade today, despite the efforts of the bidders to attract attention. Now with a pre-tax bid-YTW of 3.25% based on a bid of $27.25 and a call 2009-7-30 at $25.75 … it if makes it to its softMaturity 2013-12-30, the yield will have been 4.17%<\/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
PWF.PR.K<\/td>\nPerpetualPremium<\/td>\n142,950<\/td>\nRBC crossed 139,000 at 26.20. Now with a pre-tax bid-YTW of 4.34% based on a bid of $26.16 and a call 2014-11-30 at 4.34%.<\/td>\n<\/tr>\n
BAM.PR.M<\/td>\nPerpetualPremium<\/td>\n116,200<\/td>\nDesjardins crossed 108,400 at $25.20. Now with a pre-tax bid-YTW of 4.77% based on a bid of $25.25 and a call 2016-03-01 at $25.00.<\/td>\n<\/tr>\n
BCE.PR.S<\/td>\nScraps (would be “ratchet” with more volume)<\/td>\n102,500<\/td>\nNesbitt crossed 100,000 at $25.20.<\/td>\n<\/tr>\n
WN.PR.E<\/td>\nPerpetualDiscount<\/td>\n62,359<\/td>\nStill on credit watch negative<\/a>. Now with a pre-tax bid-YTW of 4.81% based on a bid of 25.08 and a limitMaturity<\/a><\/td>\n<\/tr>\n
TD.PR.N<\/td>\nOpRet<\/td>\n50,000<\/td>\nNesbitt crossed 50,000 at 27.40. Now with a pre-tax bid-YTW of 2.37% based on a bid of $27.28 and a call 2009-5-30 at $26.00. Big Deal. Even if it survives until its softMaturity<\/a> 2014-1-30, its yield will have been only 3.21% … basically a corporate bond, in fact, after taking account of the Ontario Equivalency Factor<\/a> of 1.40.<\/td>\n<\/tr>\n<\/table>\n

There were twelve 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-673","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/673","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=673"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/673\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=673"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=673"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=673"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}