{"id":763,"date":"2007-04-16T23:30:06","date_gmt":"2007-04-17T03:30:06","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=763"},"modified":"2007-04-16T23:30:06","modified_gmt":"2007-04-17T03:30:06","slug":"april-16-2007","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=763","title":{"rendered":"April 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>\n4.14%<\/td>\n4.11%<\/td>\n43,992<\/td>\n17.08<\/td>\n2<\/td>\n+0.5045%<\/td>\n1,041.9<\/td>\n<\/tr>\n
Fixed-Floater<\/td>\n5.02%<\/td>\n4.02%<\/td>\n93,975<\/td>\n17.06<\/td>\n6<\/td>\n-0.4046%<\/td>\n1,018.1<\/td>\n<\/tr>\n
Floater<\/td>\n4.57%<\/td>\n-15.74%<\/td>\n56,073<\/td>\n0.13<\/td>\n4<\/td>\n+0.0100%<\/td>\n1,055.8<\/td>\n<\/tr>\n
Op. Retract<\/td>\n4.73%<\/td>\n3.17%<\/td>\n84,022<\/td>\n2.11<\/td>\n17<\/td>\n-0.0949%<\/td>\n1,033.8<\/td>\n<\/tr>\n
Split-Share<\/td>\n5.02%<\/td>\n3.79%<\/td>\n156,666<\/td>\n3.17<\/td>\n12<\/td>\n-0.0604%<\/td>\n1,049.1<\/td>\n<\/tr>\n
Interest Bearing<\/td>\n6.52%<\/td>\n5.60%<\/td>\n63,254<\/td>\n2.28<\/td>\n5<\/td>\n-0.0944%<\/td>\n1,044.5<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.04%<\/td>\n3.97%<\/td>\n186,958<\/td>\n5.31<\/td>\n53<\/td>\n-0.0256%<\/td>\n1,059.0<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n4.53%<\/td>\n4.56%<\/td>\n873,569<\/td>\n16.30<\/td>\n11<\/td>\n-0.0656%<\/td>\n1,064.8<\/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
BCE.PR.G<\/td>\nFixedFloater<\/td>\n-1.5758%<\/td>\nExchange\/Reset date is 2011-05-01. The carnage in BCE issues<\/a> continues! This issue traded as low as 24.17, a 52-week low<\/a>, before closing at 24.36-84, 10×10.<\/td>\n<\/tr>\n
CM.PR.P<\/td>\nPerpetualPremium<\/td>\n-1.0158%<\/td>\nOdd! I haven’t noticed the CIBC walking into any sharp objects lately. Now with a very attractive pre-tax bid-YTW of 4.43% based on a bid of 26.31 and a call 2012-11-28 at $25.00.<\/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
SLF.PR.E<\/td>\nPerpetualDiscount<\/td>\n80,935<\/td>\nDesjardins crossed 50,000 at 24.99. Now with a pre-tax bid-YTW of 4.54% based on a bid of 24.92 and a limitMaturity<\/a>.<\/td>\n<\/tr>\n
CU.PR.B<\/td>\nPerpetualPremium<\/td>\n56,400<\/td>\nNesbitt crossed 40,000 at 27.20, then Scotia crossed 10,000 at the same price. Perhaps the sellers were making room for the pending new issue<\/a> – but then, what were the buyers doing? Now with a pre-tax bid-YTW of 3.06% based on a bid of 27.02 and a call 2008-07-01 at $26.00 … it won’t yield much more than bonds, unless CU decides to waive the call.<\/td>\n<\/tr>\n
W.PR.H<\/td>\nPerpetualPremium<\/td>\n51,200<\/td>\nScotia crossed 50,000 at 26.65. Now with a pre-tax bid-YTW of 4.25% based on a bid of 26.63 and a call 2013-2-14 at $25.00.<\/td>\n<\/tr>\n
PWF.PR.I<\/td>\nPerpetualPremium<\/td>\n41,200<\/td>\nNesbitt crossed 40,000 at 26.65. Now with a pre-tax bid-YTW of 3.81% based on a bid of $26.50 and a call 2008-05-30 at $26.00.<\/td>\n<\/tr>\n
CM.PR.I<\/td>\nPerpetualPremium<\/td>\n32,650<\/td>\nNow with a pre-tax bid-YTW of 4.56% based on a bid of 25.27 and a call 2016-03-01 at $25.00<\/td>\n<\/tr>\n<\/table>\n

There were thirteen 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-763","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/763","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=763"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/763\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=763"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=763"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=763"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}