{"id":731,"date":"2007-04-02T22:32:29","date_gmt":"2007-04-03T02:32:29","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=731"},"modified":"2007-04-02T22:32:29","modified_gmt":"2007-04-03T02:32:29","slug":"april-2-2007","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=731","title":{"rendered":"April 2, 2007"},"content":{"rendered":"
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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>\n4.14%<\/td>\n4.05%<\/td>\n47,109<\/td>\n10.57<\/td>\n2<\/td>\n-0.0794%<\/td>\n1,051.7<\/td>\n<\/tr>\n
Fixed-Floater<\/td>\n4.93%<\/td>\n3.95%<\/td>\n85,569<\/td>\n17.17<\/td>\n6<\/td>\n-0.0586%<\/td>\n1,036.9<\/td>\n<\/tr>\n
Floater<\/td>\n4.58%<\/td>\n-18.57%<\/td>\n61,156<\/td>\n0.40<\/td>\n4<\/td>\n-0.0393%<\/td>\n1,055.1<\/td>\n<\/tr>\n
Op. Retract<\/td>\n4.72%<\/td>\n3.08%<\/td>\n85,331<\/td>\n2.15<\/td>\n17<\/td>\n+0.0494%<\/td>\n1,034.5<\/td>\n<\/tr>\n
Split-Share<\/td>\n4.99%<\/td>\n3.61%<\/td>\n179,325<\/td>\n3.21<\/td>\n12<\/td>\n-0.1228%<\/td>\n1,051.5<\/td>\n<\/tr>\n
Interest Bearing<\/td>\n6.54%<\/td>\n3.18%<\/td>\n64,163<\/td>\n2.30<\/td>\n5<\/td>\n-0.3411%<\/td>\n1,042.4<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.02%<\/td>\n3.64%<\/td>\n200,132<\/td>\n5.13<\/td>\n53<\/td>\n-0.0299%<\/td>\n1,059.5<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n4.52%<\/td>\n4.54%<\/td>\n839,017<\/td>\n16.35<\/td>\n10<\/td>\n+0.0204%<\/td>\n1,067.1<\/td>\n<\/tr>\n<\/table>\n<\/div>\n\n\n\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
BSD.PR.A<\/td>\nInterestBearing<\/td>\n-1.8627%<\/td>\nTD did a little selling late in the day that appears to have taken the bid out. Probably just noise. Now with a pre-tax bid-YTW of 6.08% (INTEREST!) based on a bid of $10.01 and a hardMaturity<\/a> 2015-3-31.<\/td>\n<\/tr>\n
TD.PR.N<\/td>\nOpRet<\/td>\n+1.0636%<\/td>\nOn volume of 100 shares. Now with a pre-tax bid-YTW of 2.38% based on a bid of $27.03 and a call 2009-5-30 at $26.00. If it makes it to its softMaturity<\/a> 2014-01-30 at $25.00, it will have yielded 3.23%. If.<\/td>\n<\/tr>\n
TD.PR.M<\/td>\nOpRet<\/td>\n+1.3073%<\/td>\nNow with a pre-tax bid-YTW of 2.31% based on a bid of $27.12 and a call 2009-5-30 at $26.00. It will have yielded 3.22% if it makes it to its softMaturity 2013-10-30 at $25.00. Again … I’m not holding my breath.<\/td>\n<\/tr>\n
TD.PR.O<\/td>\nPerpetualPremium<\/td>\n+1.3351%<\/td>\nTD common stock went ex-Dividend<\/a> today. Did everybody re-invest in prefs? Now with a pre-tax bid-YTW of 3.90% based on a bid of $26.50 and a call 2014-11-30 at $25.00<\/td>\n<\/tr>\n
See “Update”, below, re shaded elements of this table<\/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.F<\/td>\nPerpetualPremium<\/td>\n40,400<\/td>\nNational Bank bought 37,100 from Nesbitt at $25.90. Now with a pre-tax bid-YTW of 4.52% based on a bid of $25.87 and a call 2010-12-30 at $25.00.<\/td>\n<\/tr>\n
BMO.PR.G<\/td>\nOpRet<\/td>\n37,523<\/td>\nNow with a pre-tax bid-YTW of 4.12% based on a bid of $25.20 and a call 2007-9-24 at $25.00.<\/td>\n<\/tr>\n
SLF.PR.D<\/td>\nPerpetualDiscount<\/td>\n29,238<\/td>\nRBC bought 10,000 from Scotia at $24.87. Now with a pre-tax bid-YTW of 4.49% based on a bid of $24.85 and a limitMaturity<\/a>.<\/td>\n<\/tr>\n
RY.PR.F<\/td>\nPerpetualDiscount<\/td>\n24,243<\/td>\nRecent new issue<\/a>. Now with a pre-tax bid-YTW of 4.53% based on a bid of $24.70 and a limitMaturity.<\/td>\n<\/tr>\n
BAM.PR.M<\/td>\nPerpetualPremium<\/td>\n21,177<\/td>\nNow with a pre-tax bid-YTW of 4.75% based on a bid of $25.05 and a call 2016-3-1 at $25.00.<\/td>\n<\/tr>\n<\/table>\n

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

Update<\/strong> : TD dividends were inaccurately recorded<\/a>. The ex-date was 4\/4 for this dividend, not 4\/2; hence, performance is shown here including a dividend that did not, in fact, become receivable.\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-731","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/731","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=731"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/731\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=731"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=731"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=731"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}