{"id":754,"date":"2007-04-12T23:00:50","date_gmt":"2007-04-13T03:00:50","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=754"},"modified":"2007-04-12T23:00:50","modified_gmt":"2007-04-13T03:00:50","slug":"april-12-2007","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=754","title":{"rendered":"April 12, 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>\n4.16%<\/td>\n4.13%<\/td>\n46,302<\/td>\n17.05<\/td>\n2<\/td>\n-0.2194%<\/td>\n1,039.4<\/td>\n<\/tr>\n
Fixed-Floater<\/td>\n5.00%<\/td>\n4.01%<\/td>\n90,778<\/td>\n17.11<\/td>\n6<\/td>\n-0.4378%<\/td>\n1,022.5<\/td>\n<\/tr>\n
Floater<\/td>\n4.58%<\/td>\n-18.29%<\/td>\n57,706<\/td>\n0.13<\/td>\n4<\/td>\n+0.0493%<\/td>\n1,055.1<\/td>\n<\/tr>\n
Op. Retract<\/td>\n4.72%<\/td>\n3.06%<\/td>\n85,131<\/td>\n2.12<\/td>\n17<\/td>\n+0.0688%<\/td>\n1,035.0<\/td>\n<\/tr>\n
Split-Share<\/td>\n5.01%<\/td>\n3.71%<\/td>\n159,692<\/td>\n3.19<\/td>\n12<\/td>\n+0.0231%<\/td>\n1,049.6<\/td>\n<\/tr>\n
Interest Bearing<\/td>\n6.53%<\/td>\n5.19%<\/td>\n63,809<\/td>\n2.29<\/td>\n5<\/td>\n-0.2553%<\/td>\n1,043.9<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.04%<\/td>\n3.93%<\/td>\n188,093<\/td>\n5.09<\/td>\n53<\/td>\n+0.0536%<\/td>\n1,059.3<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n4.53%<\/td>\n4.55%<\/td>\n906,951<\/td>\n16.32<\/td>\n11<\/td>\n+0.0367%<\/td>\n1,066.0<\/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
BCE.PR.R<\/td>\nFixedFloater<\/td>\n-1.0454%<\/td>\nQuick, says someone, get out of BCE before a leveraged buy-out turns the credit to junk! This one pays 4.54%, with the rate being reset 2010-12-01, at which point it is also exchangeable into a ratchet-rate.<\/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
BCE.PR.A<\/td>\nFixedFloater<\/td>\n255,890<\/td>\nDesjardins crossed 140,000 at 24.50, then another 98,000 at the same price. Somebody took a real haircut to get out of BCE in size – yesterday it was bid at 25.01, and closed today at 24.83-04. I tell people<\/a>: this kind of instrument is not money market! Not with perpetual credit risk, it isn’t. But nobody ever listens.<\/td>\n<\/tr>\n
SLF.PR.B<\/td>\nPerpetualPremium<\/td>\n44,100<\/td>\nNesbitt crossed 40,000 at 25.82. Now with a pre-tax bid-YTW of 4.35% based on a bid of $25.80 and a call 2014-10-30 at $25.00.<\/td>\n<\/tr>\n
CM.PR.I<\/td>\nPerpetualPremium<\/td>\n24,011<\/td>\nNow with a pre-tax bid-YTW of 4.51% based on a bid of 25.35 and a call 2016-3-1 at $25.00<\/td>\n<\/tr>\n
SLF.PR.D<\/td>\nPerpetualDiscount<\/td>\n16,785<\/td>\nNow with a pre-tax bid-YTW of 4.51% based on a bid of 24.76 and a limitMaturity<\/a>.<\/td>\n<\/tr>\n
BNS.PR.M<\/td>\nPerpetualDiscount<\/td>\n16,650<\/td>\nRecent new issue<\/a>. Now with a pre-tax bid-YTW of 4.54% based on a bid of 24.89 and a limitMaturity.<\/td>\n<\/tr>\n<\/table>\n

There were eleven 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-754","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/754","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=754"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/754\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=754"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=754"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=754"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}