{"id":694,"date":"2007-03-16T22:50:08","date_gmt":"2007-03-17T02:50:08","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=694"},"modified":"2007-03-16T22:50:08","modified_gmt":"2007-03-17T02:50:08","slug":"march-16-2007","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=694","title":{"rendered":"March 16, 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>\n4.06%<\/td>\n3.88%<\/td>\n84,073<\/td>\n3.86<\/td>\n1<\/td>\n-0.4739%<\/td>\n1,050.7<\/td>\n<\/tr>\n
Fixed-Floater<\/td>\n4.96%<\/td>\n3.38%<\/td>\n103,414<\/td>\n4.63<\/td>\n5<\/td>\n+0.2054%<\/td>\n1,044.4<\/td>\n<\/tr>\n
Floater<\/td>\n4.73%<\/td>\n-18.62%<\/td>\n76,561<\/td>\n5.58<\/td>\n3<\/td>\n-0.0391%<\/td>\n1,052.1<\/td>\n<\/tr>\n
Op. Retract<\/td>\n4.71%<\/td>\n2.81%<\/td>\n76,341<\/td>\n2.16<\/td>\n17<\/td>\n-0.0263%<\/td>\n1,034.0<\/td>\n<\/tr>\n
Split-Share<\/td>\n5.05%<\/td>\n2.40%<\/td>\n178,970<\/td>\n3.17<\/td>\n15<\/td>\n+0.1227%<\/td>\n1,049.8<\/td>\n<\/tr>\n
Interest Bearing<\/td>\n6.49%<\/td>\n3.84%<\/td>\n66,043<\/td>\n2.33<\/td>\n5<\/td>\n+0.0397%<\/td>\n1,043.7<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.00%<\/td>\n3.83%<\/td>\n235,206<\/td>\n5.34<\/td>\n53<\/td>\n+0.0535%<\/td>\n1,058.5<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n4.52%<\/td>\n4.51%<\/td>\n920,443<\/td>\n12.58<\/td>\n10<\/td>\n+0.0486%<\/td>\n1,068.4<\/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 notable price moves today.<\/td>\n<\/tr>\n<\/table>\n\n\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
DC.PR.A<\/td>\nScraps (Would be OpRet, but there are credit-rating concerns)<\/td>\n245,200<\/td>\nDundee crossed 137,300 for cash<\/a> at 25.00 (Record Date is Monday 19, with a $0.3125 dividend payable … hmmm … given that $25.00 was the low price on the day, and the trade should be at a price greater than normal by the amount of the dividend if it is settling cum-dividend, the meaning of this trade is not clear to me. There’s a story there somewhere!) Desjardins crossed 100,000 at $25.10 (REGULAR settlement, EX-dividend). Now with a pre-tax bid-YTW of 4.97% based on a bid of $25.05 and a softMaturity<\/a> 2016-6-29 at $25.00.<\/td>\n<\/tr>\n
TOC.PR.B<\/td>\nScraps (Would be Floater, but there are volume concerns)<\/td>\n162,850<\/td>\nGlobal crossed 80,900 for cash at $26.19, then another 80,900 at $25.93. Ex-Dividend 3\/15, Record date 3\/19. Dividend amount 0.264658. Yawn.<\/td>\n<\/tr>\n
SLF.PR.E<\/td>\nPerpetualDiscount<\/td>\n106,750<\/td>\nNesbitt crossed 100,000 at $24.95. Now with a pre-tax bid-YTW of 4.51% based on a bid of $24.94 and a limitMaturity<\/a>.<\/td>\n<\/tr>\n
IGM.PR.A<\/td>\nOpRet<\/td>\n103,023<\/td>\nNow with a pre-tax bid-YTW of 2.13% based on a bid of $27.98 and a call 2009-7-30 at $26.00. Yield will be 3.60% if it lasts until the softMaturity 2013-06-29, but that’s not something I’m going to bet on!<\/td>\n<\/tr>\n
BCE.PR.H<\/td>\nRatchet<\/td>\n100,200<\/td>\nScotia crossed 50,000 at $25.20. Nesbitt did the same thing, three minutes later.<\/td>\n<\/tr>\n
TD.PR.O<\/td>\nPerpetualPremium<\/td>\n50,655<\/td>\nNow with a pre-tax bid-YTW of 4.08% based on a bid of $26.45 and a call 2014-11-30 at $25.00.<\/td>\n<\/tr>\n
RY.PR.F<\/td>\nPerpetualDiscount<\/td>\n33,919<\/td>\nRecent new issue<\/a>. Now with a pre-tax bid-YTW of 4.50% based on a bid of $24.78 and a limitMaturity<\/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-694","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/694","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=694"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/694\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=694"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=694"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=694"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}