{"id":774,"date":"2007-04-19T22:41:36","date_gmt":"2007-04-20T02:41:36","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=774"},"modified":"2007-04-19T22:41:36","modified_gmt":"2007-04-20T02:41:36","slug":"april-19-2007","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=774","title":{"rendered":"April 19, 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>\n4.23%<\/td>\n4.22%<\/td>\n41,772<\/td>\n16.92<\/td>\n2<\/td>\n-0.3265%<\/td>\n1,019.5<\/td>\n<\/tr>\n
Fixed-Floater<\/td>\n5.33%<\/td>\n4.35%<\/td>\n104,168<\/td>\n16.63<\/td>\n6<\/td>\n-1.3177%<\/td>\n961.2<\/td>\n<\/tr>\n
Floater<\/td>\n4.57%<\/td>\n-16.72%<\/td>\n56,123<\/td>\n0.13<\/td>\n4<\/td>\n+0.0993%<\/td>\n1,057.1<\/td>\n<\/tr>\n
Op. Retract<\/td>\n4.73%<\/td>\n3.20%<\/td>\n84,517<\/td>\n2.16<\/td>\n17<\/td>\n+0.0425%<\/td>\n1,033.8<\/td>\n<\/tr>\n
Split-Share<\/td>\n5.02%<\/td>\n3.98%<\/td>\n147,534<\/td>\n3.38<\/td>\n12<\/td>\n-0.1060%<\/td>\n1,047.3<\/td>\n<\/tr>\n
Interest Bearing<\/td>\n6.51%<\/td>\n5.23%<\/td>\n62,026<\/td>\n2.27<\/td>\n5<\/td>\n+0.0040%<\/td>\n1,045.9<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.03%<\/td>\n4.03%<\/td>\n225,592<\/td>\n5.58<\/td>\n54<\/td>\n-0.0264%<\/td>\n1,058.4<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n4.54%<\/td>\n4.57%<\/td>\n829,295<\/td>\n16.27<\/td>\n11<\/td>\n-0.0144%<\/td>\n1,063.1<\/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.R<\/td>\nFixedFloater<\/td>\n-4.1494%<\/td>\nExchange\/Reset date is 2010-12-01; until then these pay 4.54% of par. Closed at 23.10-34, 6×1. Traded as low as 23.10 today, a new 52-week low. Each one of those three prices is exactly $1.00 below yesterday’s<\/a> number, amusing if you don’t own it.<\/td>\n<\/tr>\n
BCE.PR.T<\/td>\nScraps (would be FixedFloater, but there are volume concerns)<\/td>\n-2.4230%<\/td>\nExchange\/Reset date is 2011-11-01 (to BCE.PR.S); until then, pays 4.502% p.a. Closed at 23.76-00, 8×4. New 52-week low of 24.00<\/td>\n<\/tr>\n
BCE.PR.Z<\/td>\nFixedFloater<\/td>\n-2.2774%<\/td>\nExchange\/Reset date is 2007-12-1 (to BCE.PR.Y); until then they pay 5.319% of par. Afterwards … I bet it’s less! Closed at 23.60-17, 20×1. New 52-week low of 23.51.<\/td>\n<\/tr>\n
BCE.PR.C<\/td>\nFixedFloater<\/td>\n-1.7034%<\/td>\nExchange\/Reset date is 2008-03-01 (to series AD, not issued); until then they pay 5.54% of par. Closed at 23.66-02, 12×4. Traded as low as 23.50 today, a new 52-week low.<\/td>\n<\/tr>\n
CGI.PR.C<\/td>\nSplitShare<\/td>\n-1.5625%<\/td>\nIt did this on zero volume. Now with a pre-tax bid-YTW of 3.86% based on a bid of 25.20 and a softMaturity<\/a> 2016-6-14 at 25.00.<\/td>\n<\/tr>\n
BCE.PR.Y<\/td>\nScraps (would be ratchetRate, but there are volume concerns)<\/td>\n-1.3810%<\/td>\nExchange\/Reset date is 2007-12-1 (to BCE.PR.Z). Closed at 24.28-98, 10×10, on zero volume.<\/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
BMO.PR.I<\/td>\nOpRet<\/td>\n103,825<\/td>\nRBC crossed 47,700 at 25.20, then another 50,000 at the same price. Now with a pre-tax bid-YTW of 4.59% based on a bid of 25.20 and a call 2007-12-25 (er … give or take a few days!) at 25.00<\/td>\n<\/tr>\n
TD.PR.N<\/td>\nOpRet<\/td>\n67,500<\/td>\nTD crossed 32,800 at 26.99, then another 17,200 at the same price. Now with a pre-tax bid-YTW of 2.82% based on a bid of 26.82 and a call 2009-5-30 at 26.00.<\/td>\n<\/tr>\n
CM.PR.I<\/td>\nPerpetualPremium<\/td>\n57,789<\/td>\nNow with a pre-tax bid-YTW of 4.59% based on a bid of 25.22 and a call 2016-3-1 at 25.00<\/td>\n<\/tr>\n
GWO.PR.I<\/td>\nPerpetualDiscount<\/td>\n49,000<\/td>\nRBC crossed 40,000 at 24.85. Now with a pre-tax bid-YTW of 4.55% based on a bid of 24.85 and a limitMaturity<\/td>\n<\/tr>\n
POW.PR.D<\/td>\nPerpetualPremium<\/td>\n26.23<\/td>\nNow with a pre-tax bid-YTW of 4.27% based on a bid of 26.23 and a call 2014-11-30 at 25.00.<\/td>\n<\/tr>\n<\/table>\n

There were fourteen 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-774","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/774","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=774"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/774\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=774"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=774"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=774"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}