{"id":777,"date":"2007-04-21T00:02:24","date_gmt":"2007-04-21T04:02:24","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=777"},"modified":"2007-04-21T00:02:24","modified_gmt":"2007-04-21T04:02:24","slug":"april-20-2007","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=777","title":{"rendered":"April 20, 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>\n4.28%<\/td>\n4.29%<\/td>\n40,513<\/td>\n16.81<\/td>\n2<\/td>\n-1.1694%<\/td>\n1,007.6<\/td>\n<\/tr>\n
Fixed-Floater<\/td>\n5.34%<\/td>\n4.37%<\/td>\n105,800<\/td>\n16.60<\/td>\n6<\/td>\n-0.2705%<\/td>\n958.6<\/td>\n<\/tr>\n
Floater<\/td>\n4.56%<\/td>\n-18.22%<\/td>\n56,292<\/td>\n0.13<\/td>\n4<\/td>\n+0.1090%<\/td>\n1,058.2<\/td>\n<\/tr>\n
Op. Retract<\/td>\n4.72%<\/td>\n3.16%<\/td>\n84,054<\/td>\n2.10<\/td>\n17<\/td>\n+0.0865%<\/td>\n1,034.6<\/td>\n<\/tr>\n
Split-Share<\/td>\n5.03%<\/td>\n3.97%<\/td>\n147,239<\/td>\n3.38<\/td>\n12<\/td>\n-0.0712%<\/td>\n1,046.5<\/td>\n<\/tr>\n
Interest Bearing<\/td>\n6.52%<\/td>\n4.02%<\/td>\n61,776<\/td>\n1.91<\/td>\n5<\/td>\n-0.0602%<\/td>\n1,045.2<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.04%<\/td>\n4.09%<\/td>\n224,917<\/td>\n5.54<\/td>\n54<\/td>\n-0.0619%<\/td>\n1,057.7<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n4.54%<\/td>\n4.57%<\/td>\n815,195<\/td>\n16.27<\/td>\n11<\/td>\n+0.0079%<\/td>\n1,063.2<\/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
BCE.PR.Y<\/td>\nScraps (would be ratchetRate, but there are volume concerns)<\/td>\n-2.1829%<\/td>\nExchange\/Reset date is 2007-12-1 (to BCE.PR.Z). Closed at 23.75-18, 21×9 on volume of 1,400 shares.<\/td>\n<\/tr>\n
TOC.PR.B<\/td>\nScraps (would be Floater, but there are volume concerns)<\/td>\n-2.1434%<\/td>\nContagion from the BCE issues? This was on volume of 200 shares. Closed at 25.11-75, 6×35.<\/td>\n<\/tr>\n
BCE.PR.I<\/td>\nFixedFloater<\/td>\n-1.4880%<\/td>\nExchange\/Resdet date is 2011-08-01 (counterpart is unissued series ‘AJ’); until then pay 4.65% of par. New low today of 22.50; closed at 22.51-87, 5×10<\/td>\n<\/tr>\n
BCE.PR.S<\/td>\nRatchet<\/td>\n-1.3344%<\/td>\nExchange\/Reset date is 2011-11-01 (to BCE.PR.T). Did this on volume of 700 shares; closed at 24.40-89, 3×1<\/td>\n<\/tr>\n
BCE.PR.R<\/td>\nFixedFloater<\/td>\n-1.0390%<\/td>\nExchange\/Reset date is 2010-12-01; until then these pay 4.54% of par. Closed at 22.86-15, 2×10. Traded as low as 22.85 today, a new 52-week low.<\/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.I<\/td>\nPerpetualPremium<\/td>\n129,350<\/td>\nDesjardins crossed 124,100 at 26.75. Now with a skimpy pre-tax bid-YTW of 3.86% based on a bid of 26.75 and a call 2008-05-30 at 26.00. The buyer seems to be hoping that they last longer!<\/td>\n<\/tr>\n
WN.PR.D<\/td>\nPerpetualPremium<\/td>\n104,985<\/td>\nScotia crossed 92,400 at 25.75. Now with a pre-tax bid-YTW of 4.81% based on a bid of 25.73 and a call 2014-10-31 at 25.00. Weston is still under Credit Watch Negative<\/a>.<\/td>\n<\/tr>\n
RY.PR.D<\/td>\nPerpetualPremium<\/td>\n81,758<\/td>\nRBC crossed 65,000 at 25.35. Now with a pre-tax bid-YTW of 4.54% based on either a call 2016-3-25 at 25.00, or a limitMaturity<\/a>, take your pick.<\/td>\n<\/tr>\n
CM.PR.I<\/td>\nPerpetualPremium<\/td>\n63,350<\/td>\nNow with a pre-tax bid-YTW of 4.59% based on a bid of 25.23 and a call 2016-3-1 at 25.00<\/td>\n<\/tr>\n
WN.PR.E<\/td>\nPerpetualDiscount<\/td>\n58,337<\/td>\nNow with a pre-tax bid-YTW of 4.81% based on a bid of 24.86 and a limitMaturity.<\/td>\n<\/tr>\n<\/table>\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-777","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/777","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=777"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/777\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=777"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=777"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=777"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}