{"id":790,"date":"2007-04-24T00:45:59","date_gmt":"2007-04-24T04:45:59","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=790"},"modified":"2007-04-24T00:45:59","modified_gmt":"2007-04-24T04:45:59","slug":"april-23-2007","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=790","title":{"rendered":"April 23, 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>\n4.25%<\/td>\n4.24%<\/td>\n40,467<\/td>\n16.86<\/td>\n2<\/td>\n+0.9670%<\/td>\n1,017.4<\/td>\n<\/tr>\n
Fixed-Floater<\/td>\n5.44%<\/td>\n4.47%<\/td>\n107,857<\/td>\n16.44<\/td>\n6<\/td>\n-1.7970%<\/td>\n941.3<\/td>\n<\/tr>\n
Floater<\/td>\n4.56%<\/td>\n-18.58%<\/td>\n56,159<\/td>\n0.13<\/td>\n4<\/td>\n+0.3363%<\/td>\n1,061.8<\/td>\n<\/tr>\n
Op. Retract<\/td>\n4.73%<\/td>\n3.27%<\/td>\n83,839<\/td>\n2.20<\/td>\n17<\/td>\n-0.1183%<\/td>\n1,033.4<\/td>\n<\/tr>\n
Split-Share<\/td>\n5.03%<\/td>\n3.99%<\/td>\n142,867<\/td>\n3.23<\/td>\n12<\/td>\n+0.0266%<\/td>\n1,046.8<\/td>\n<\/tr>\n
Interest Bearing<\/td>\n6.51%<\/td>\n3.92%<\/td>\n61,511<\/td>\n1.91<\/td>\n5<\/td>\n+0.2016%<\/td>\n1,047.3<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.05%<\/td>\n4.22%<\/td>\n222,634<\/td>\n5.87<\/td>\n54<\/td>\n-0.1467%<\/td>\n1,056.2<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n4.55%<\/td>\n4.58%<\/td>\n797,257<\/td>\n16.26<\/td>\n11<\/td>\n-0.1873%<\/td>\n1,061.2<\/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.R<\/td>\nFixedFloater<\/td>\n-3.762%<\/td>\nExchange\/Reset date is 2010-12-01; until then these pay 4.54% of par. Closed at 22.00-50, 50×100 … 50×100? Seems to me that a few institutional investors have had time for their meetings. Traded as low as 21.50 today, a new 52-week low.<\/td>\n<\/tr>\n
BCE.PR.G<\/td>\nFixedFloater<\/td>\n-2.5541%<\/td>\nExchange\/Reset date is 2011-05-01 (exchange to BCE.PR.H); until then, they pay 4.35% of par. The bid moved on zero volume and they closed at 22.51-00, 4×15. The BCE.PR.H closed at 24.25-50, 1×20.<\/td>\n<\/tr>\n
BCE.PR.I<\/td>\nFixedFloater<\/td>\n-2.1324%<\/td>\nExchange\/Resdet date is 2011-08-01 (counterpart is unissued series ‘AJ’); until then pay 4.65% of par. Closed at 22.03-19, 4×15; new low of 22.00 today.<\/td>\n<\/tr>\n
POW.PR.D<\/td>\nPerpetualPremium<\/td>\n-1.6387%<\/td>\nNow with a pre-tax bid-YTW of 4.54% based on a bid of 25.81 and a call 2014-11-30 at 25.00.<\/td>\n<\/tr>\n
BCE.PR.Z<\/td>\nFixedFloater<\/td>\n-1.3842%<\/td>\nExchange\/Reset date is 2007-12-1 (to BCE.PR.Y); until then they pay 5.319% of par. Closed at 23.51-79, 5×1; the Ys closed at 23.87-19.<\/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
CM.PR.D<\/td>\nPerpetualPremium<\/td>\n245,550<\/td>\nDesjardins crossed 240,000 at 26.70. Now with a pre-tax bid-YTW of 3.69% based on a bid of 26.50 and a call 2008-5-30 at $26.00.<\/td>\n<\/tr>\n
BAM.PR.M<\/td>\nPerpetualPremium<\/td>\n43,300<\/td>\nNow with a pre-tax bid-YTW of 4.82% based on a bid of 24.80 and a limitMaturity<\/a>. These fell 0.44% today … almost certainly due to the very similar new issue announced today<\/a>.<\/td>\n<\/tr>\n
RY.PR.W<\/td>\nPerpetualPremium<\/td>\n38,660<\/td>\nNow with a pre-tax bid-YTW of 4.18% based on a bid of 26.00 and a call 2014-3-26 at 25.00<\/td>\n<\/tr>\n
SLF.PR.D<\/td>\nPerpetualDiscount<\/td>\n25,655<\/td>\nNow with a pre-tax bid-YTW of 4.57% based on a bid of 24.50 and a limitMaturity.<\/td>\n<\/tr>\n
CM.PR.J<\/td>\nPerpetualDiscount<\/td>\n24,300<\/td>\nNow with a pre-tax bid-YTW of 4.55% based on a bid of 24.78 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-790","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/790","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=790"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/790\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=790"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=790"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=790"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}