{"id":771,"date":"2007-04-19T03:36:57","date_gmt":"2007-04-19T07:36:57","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=771"},"modified":"2007-04-19T03:36:57","modified_gmt":"2007-04-19T07:36:57","slug":"april-18-2007","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=771","title":{"rendered":"April 18, 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>\n4.22%<\/td>\n4.21%<\/td>\n42,189<\/td>\n16.95<\/td>\n2<\/td>\n-0.9105%<\/td>\n1,022.9<\/td>\n<\/tr>\n
Fixed-Floater<\/td>\n5.25%<\/td>\n4.29%<\/td>\n101,369<\/td>\n16.75<\/td>\n6<\/td>\n-1.9197%<\/td>\n974.0<\/td>\n<\/tr>\n
Floater<\/td>\n4.57%<\/td>\n-15.95%<\/td>\n55,877<\/td>\n0.13<\/td>\n4<\/td>\n+0.0296%<\/td>\n1,056.0<\/td>\n<\/tr>\n
Op. Retract<\/td>\n4.73%<\/td>\n3.23%<\/td>\n84,458<\/td>\n2.10<\/td>\n17<\/td>\n-0.0308%<\/td>\n1,033.3<\/td>\n<\/tr>\n
Split-Share<\/td>\n5.02%<\/td>\n3.86%<\/td>\n150,742<\/td>\n3.38<\/td>\n12<\/td>\n-0.0201%<\/td>\n1,048.4<\/td>\n<\/tr>\n
Interest Bearing<\/td>\n6.52%<\/td>\n5.25%<\/td>\n62,518<\/td>\n2.28<\/td>\n5<\/td>\n-0.0784%<\/td>\n1,045.8<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.03%<\/td>\n4.04%<\/td>\n227,197<\/td>\n5.53<\/td>\n54<\/td>\n+0.0083%<\/td>\n1,058.6<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n4.54%<\/td>\n4.56%<\/td>\n843,879<\/td>\n16.28<\/td>\n11<\/td>\n-0.1240%<\/td>\n1,063.2<\/td>\n<\/tr>\n<\/table>\n<\/div>\n\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
BCE.PR.G<\/td>\nFixedFloater<\/td>\n-3.0534%<\/td>\nExchange\/Reset date is 2011-05-01. Closed at 22.86-23.88, 2×5 … nice spread, eh? New low today, 22.81.<\/td>\n<\/tr>\n
BCE.PR.H<\/td>\nRatchetRate<\/td>\n-2.3984%<\/td>\nExchange\/Reset date is 2011-05-11; they exchange with the BCE.PR.G above, which makes pairs trading<\/a> an interesting speculation. Closed at 24.01-49, 10×10 … it did this on zero volume.<\/td>\n<\/tr>\n
BCE.PR.C<\/td>\nFixedFloater<\/td>\n-2.2736%<\/td>\nExchange\/Reset date is 2008-03-01; until then they pay 5.54% of par. Closed at 24.07-34, 2×8. Traded as low as 23.54 today, a new 52-week low.<\/td>\n<\/tr>\n
BCE.PR.R<\/td>\nFixedFloater<\/td>\n-2.2709%<\/td>\nExchange\/Reset date is 2010-12-01; until then these pay 4.54% of par. Closed at 24.10-34, 4×2. Traded as low as 24.10 today, a new 52-week low.<\/td>\n<\/tr>\n
BCE.PR.Z<\/td>\nFixedFloater<\/td>\n-2.2267%<\/td>\nExchange\/Reset date is 2007-12-1; until then they pay 5.319% of par. Afterwards … I bet it’s less! What a resilient issue this is! It didn’t set a new low today (so the low is still 23.72), closing at 24.15-34, 8×2.<\/td>\n<\/tr>\n
BCE.PR.I<\/td>\nFixedFloater<\/td>\n-1.0435%<\/td>\nExchange\/Reset date is 2011-08-01; until then they pay 4.65% of par. New low today, 22.76. Closed at 22.76-25, 7×9.<\/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
BPO.PR.I<\/td>\nScraps (would be OpRet, but there are credit concerns)<\/td>\n150,945<\/td>\nNow with a pre-tax bid-YTW of 4.13% based on a bid of 26.00 and a call 2010-12-31 at 25.00<\/td>\n<\/tr>\n
RY.PR.D<\/td>\nPerpetualPremium<\/td>\n63,300<\/td>\nNow with a pre-tax bid-YTW of 4.54% based on a bid of 25.35 and a call 2016-3-25 at 25.00 … or a limitMaturity<\/a>, take your pick.<\/td>\n<\/tr>\n
CIU.PR.A<\/td>\nPerpetualPremium<\/td>\n61,950<\/td>\nNew issue settled today … and yes, I know I haven’t written it up yet! Later, OK? Now with a pre-tax bid-YTW of 4.61% based on a bid of 25.00 and a limitMaturity.<\/td>\n<\/tr>\n
PWF.PR.F<\/td>\nPerpetualPremium<\/td>\n42,500<\/td>\nNow with a pre-tax bid-YTW of 4.32% based on a bid of 25.77 and a call 2010-12-30 at 25.00.<\/td>\n<\/tr>\n
BNS.PR.M<\/td>\nPerpetualDiscount<\/td>\n40,027<\/td>\nNow with a pre-tax bid-YTW of 4.54% based on a bid of 24.87 and a limitMaturity.<\/td>\n<\/tr>\n<\/table>\n

There were seventeen other “$25 p.v. equivalent” index-included issues with over 10,000 shares traded today.<\/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-771","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/771","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=771"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/771\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=771"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=771"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=771"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}