{"id":706,"date":"2007-03-22T00:25:50","date_gmt":"2007-03-22T04:25:50","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=706"},"modified":"2007-03-22T00:25:50","modified_gmt":"2007-03-22T04:25:50","slug":"march-21-2007","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=706","title":{"rendered":"March 21, 2007"},"content":{"rendered":"

First day of spring and in celebration I went out with an industry buddy for a very good dinner.<\/p>\n

I then returned to the grindstone to find that I had some kind of strange internet connectivity problem … I’ve worked around it (different ISP, different\u00a0geographical location)\u00a0and HIMIPref\u2122 has been updated with today’s closing quotes & volumes and a few dividend records … but I’ve run out of time!<\/p>\n

I will review the day on the 22nd.<\/p>\n

\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>\n4.09%<\/td>\n3.94%<\/td>\n74,695<\/td>\n3.84<\/td>\n1<\/td>\n0.0000%<\/td>\n1,051.1<\/td>\n<\/tr>\n
Fixed-Floater<\/td>\n4.96%<\/td>\n3.64%<\/td>\n99,900<\/td>\n4.64<\/td>\n5<\/td>\n-0.1729%<\/td>\n1,042.6<\/td>\n<\/tr>\n
Floater<\/td>\n4.72%<\/td>\n-18.92%<\/td>\n76,868<\/td>\n0.32<\/td>\n3<\/td>\n+0.0262%<\/td>\n1,054.2<\/td>\n<\/tr>\n
Op. Retract<\/td>\n4.70%<\/td>\n2.75%<\/td>\n76,919<\/td>\n2.11<\/td>\n17<\/td>\n+0.0333%<\/td>\n1,035.0<\/td>\n<\/tr>\n
Split-Share<\/td>\n5.00%<\/td>\n3.50%<\/td>\n177,651<\/td>\n3.36<\/td>\n14<\/td>\n-0.1166%<\/td>\n1,051.9<\/td>\n<\/tr>\n
Interest Bearing<\/td>\n6.51%<\/td>\n4.99%<\/td>\n65,453<\/td>\n2.31<\/td>\n5<\/td>\n-0.0706%<\/td>\n1,040.7<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.01%<\/td>\n3.74%<\/td>\n233,255<\/td>\n5.22<\/td>\n53<\/td>\n+0.0078%<\/td>\n1,059.0<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n4.52%<\/td>\n4.53%<\/td>\n879,379<\/td>\n14.48<\/td>\n10<\/td>\n-0.1637%<\/td>\n1,067.3<\/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
BNA.PR.A<\/td>\nSplitShare<\/td>\n-1.9011%<\/td>\nOn relatively heavy volume of 12,238 shares (volume-average<\/a> is 1,538) to close at 25.80-25, pre-tax bid-YTW of 4.55% based on a call 2007-10-31 at $25.50<\/td>\n<\/tr>\n
FFN.PR.A<\/td>\nSplitShare<\/td>\n+1.0368%<\/td>\nNow with a pre-tax bid-YTW of 2.55% based on a bid of $10.72 and a hardMaturity<\/a> 2009-12-1 at $10.00. It would seem the market is expecting the upcoming meeting<\/a> to extend term.<\/td>\n<\/tr>\n<\/table>\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
FAL.PR.H<\/td>\nScraps (Would be perpetualPremium, but there are yield concerns)<\/td>\n402,000<\/td>\nNow with a pre-tax bid-YTW of 3.02% based on a bid of $25.90 and a call 2008-4-30 at $25.00<\/td>\n<\/tr>\n
RY.PR.A<\/td>\nPerpetualDiscount<\/td>\n206,500<\/td>\nWith a pre-tax bid-YTW of 4.48% based on a bid of $25.00 and a limitMaturity<\/a>.<\/td>\n<\/tr>\n
RY.PR.F<\/td>\nPerpetualDiscount<\/td>\n120,775<\/td>\nPre-tax bid-YTW of 4.51% based on a bid of $24.75 and a limitMaturity.<\/td>\n<\/tr>\n
NTL.PR.F<\/td>\nScraps (Would be ratchet rate, but there are extreme<\/em> credit concerns)<\/td>\n107,295<\/td>\n\u00a0<\/td>\n<\/tr>\n
BAM.PR.M<\/td>\nPerpetualPremium<\/td>\n105,300<\/td>\nWith a pre-tax bid-YTW of 4.72% based on a bid of $25.08 and a call 2016-3-1 at $25.00<\/td>\n<\/tr>\n
PWF.PR.K<\/td>\nPerpetualPremium<\/td>\n104,920<\/td>\nPre-tax bid-YTW of 4.31% based on a bid of $26.25 and a call 2014-11-30 at $25.00.<\/td>\n<\/tr>\n<\/table>\n

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

<\/p>\n","protected":false},"excerpt":{"rendered":"

First day of spring and in celebration I went out with an industry buddy for a very good dinner. I then returned to the grindstone to find that I had some kind of strange internet …<\/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-706","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/706","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=706"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/706\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=706"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=706"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=706"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}